Lin_H personal page - To The Moon

Lin_H

Lin_H

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26Followers

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01-12

Okok[微笑] [微笑] [微笑]

01-11

[呆住] [呆住] [呆住] [呆住]

01-11

[微笑] [微笑] [微笑] [微笑]

01-10

[微笑] [微笑] [微笑] [微笑]

01-10

[开心] [开心] [开心] [开心]

01-09

[呆住] [呆住] [呆住] [呆住] [呆住]

01-08

okok[微笑] [微笑] [微笑]

01-07

Okok[开心] [开心] [开心] [开心]

01-06

okok[开心] [开心] [开心]

01-05

Lol okok[微笑] [微笑]

01-03

Okok[微笑] [微笑] [微笑]

01-02

Hahaha [开心] [开心] [开心]

01-01

haha ok[微笑] [微笑]

2023-12-31

okkkk[开心] [开心] [开心] [开心]

2023-12-31

Ok[微笑] [微笑] [微笑]

2023-12-30

LOL[微笑] [微笑] [微笑]

2023-12-29

Okok[开心] [开心] [开心] [开心]

2023-12-28

Haha[开心] [开心] [开心] [开心]

2023-11-05

Ok..😁😁😁[微笑] [微笑] [微笑]

2023-11-02

Ok...😁😁😁[微笑] [微笑] [微笑]

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[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/237120468574416","isVote":1,"tweetType":1,"viewCount":104,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9031250444,"gmtCreate":1646605993562,"gmtModify":1676534141698,"author":{"id":"4106778855791490","authorId":"4106778855791490","name":"Lin_H","avatar":"https://community-static.tradeup.com/news/4fedbac51d28d3004e4ead721c7d35fa","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4106778855791490","authorIdStr":"4106778855791490"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9031250444","repostId":"2217746440","repostType":4,"repost":{"id":"2217746440","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":1646435363,"share":"https://ttm.financial/m/news/2217746440?lang=&edition=fundamental","pubTime":"2022-03-05 07:09","market":"us","language":"en","title":"US STOCKS-Wall Street Ends down as Ukraine Fears Eclipse Solid Jobs Data","url":"https://stock-news.laohu8.com/highlight/detail?id=2217746440","media":"Reuters","summary":"Wall Street ended lower on Friday as the war in Ukraine overshadowed an acceleration in U.S. jobs growth last month that pointed to strength in the economy.Most of the 11 major S&P sector indexes decl","content":"<html><head></head><body><p>Wall Street ended lower on Friday as the war in Ukraine overshadowed an acceleration in U.S. jobs growth last month that pointed to strength in the economy.</p><p>Most of the 11 major S&amp;P sector indexes declined, with financials leading the way with a 2% drop as investors worried about how the West&#39;s sanctions against Moscow may affect the international financial system.</p><p>The S&amp;P 500 banks index fell 3.35%, bringing its loss for the week to nearly 9%, its worst weekly decline since June 2020.</p><p>Equities globally were weaker, with safe-haven assets in demand after Russian forces seized Europe&#39;s biggest nuclear power plant in what Washington called a reckless assault that risked catastrophe.</p><p>The Labor Department&#39;s closely watched employment report showed jobs grew by a more than expected 678,000 last month and that the unemployment rate fell to 3.8%, the lowest since February 2020.</p><p>&#34;Three or four weeks ago, we would have thought that this is an incredibly important number. But given the backdrop and the overall events that are happening in Europe, it&#39;s just not,&#34; said Zachary Hill, head of portfolio management at Horizon Investments in Charlotte.</p><p>&#34;The potential for escalation in the hot war, the potential for a growth impact in Europe and more broadly, and knock-on effects on the commodity channel and inflation are taking up all of investors&#39; time and energy,&#34; Hill said.</p><p>Amazon.com Inc , Apple Inc, Google owner-Alphabet Inc and Microsoft Corp all lost more than 1%.</p><p>The crisis in Ukraine boosted energy stocks as crude prices and other commodities rallied on the back of sanctions against Russia, a major oil producer. The S&amp;P 500 energy sector jumped 2.85% and gained about 9% for the week.</p><p>Richly valued growth stocks have faced the brunt of the recent selloff, with the S&amp;P 500 growth index    down 1.3% on Friday. The value index    declined 0.3%.</p><p>The Dow Jones Industrial Average fell 0.53% to end at 33,614.8 points, while the S&amp;P 500    lost 0.79% to 4,328.87.</p><p>The Nasdaq Composite dropped 1.66% to 13,313.44.</p><p>For the week, the S&amp;P 500 and Dow both fell 1.3%, while the Nasdaq gave up 2.8%.</p><p>Federal Reserve Chair Jerome Powell said this week he would support a 25-basis-point interest rate increase at the central bank&#39;s March 15-16 policy meeting and would be &#34;prepared to move more aggressively&#34; later if inflation does not abate as fast as expected.</p><p>Soaring commodity prices have raised fears of even greater inflation, which could prompt the Fed to hike interest rates more aggressively.</p><p>Shares of WW International, formerly Weight Watchers, dropped over 8% after the Federal Trade Commission said the company &#34;illegally&#34; collected personal information from children without parental permission.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 2.12-to-1 ratio; on Nasdaq, a 2.70-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 38 new 52-week highs and 27 new lows; the Nasdaq Composite recorded 44 new highs and 406 new lows.</p><p>Volume on U.S. exchanges was 13.9 billion shares, compared to a 20-day average of 12.6 billion, according to Refinitiv data.</p><p></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US STOCKS-Wall Street Ends down as Ukraine Fears Eclipse Solid Jobs Data</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\">\nUS STOCKS-Wall Street Ends down as Ukraine Fears Eclipse Solid Jobs Data\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\">2022-03-05 07:09</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Wall Street ended lower on Friday as the war in Ukraine overshadowed an acceleration in U.S. jobs growth last month that pointed to strength in the economy.</p><p>Most of the 11 major S&amp;P sector indexes declined, with financials leading the way with a 2% drop as investors worried about how the West&#39;s sanctions against Moscow may affect the international financial system.</p><p>The S&amp;P 500 banks index fell 3.35%, bringing its loss for the week to nearly 9%, its worst weekly decline since June 2020.</p><p>Equities globally were weaker, with safe-haven assets in demand after Russian forces seized Europe&#39;s biggest nuclear power plant in what Washington called a reckless assault that risked catastrophe.</p><p>The Labor Department&#39;s closely watched employment report showed jobs grew by a more than expected 678,000 last month and that the unemployment rate fell to 3.8%, the lowest since February 2020.</p><p>&#34;Three or four weeks ago, we would have thought that this is an incredibly important number. But given the backdrop and the overall events that are happening in Europe, it&#39;s just not,&#34; said Zachary Hill, head of portfolio management at Horizon Investments in Charlotte.</p><p>&#34;The potential for escalation in the hot war, the potential for a growth impact in Europe and more broadly, and knock-on effects on the commodity channel and inflation are taking up all of investors&#39; time and energy,&#34; Hill said.</p><p>Amazon.com Inc , Apple Inc, Google owner-Alphabet Inc and Microsoft Corp all lost more than 1%.</p><p>The crisis in Ukraine boosted energy stocks as crude prices and other commodities rallied on the back of sanctions against Russia, a major oil producer. The S&amp;P 500 energy sector jumped 2.85% and gained about 9% for the week.</p><p>Richly valued growth stocks have faced the brunt of the recent selloff, with the S&amp;P 500 growth index    down 1.3% on Friday. The value index    declined 0.3%.</p><p>The Dow Jones Industrial Average fell 0.53% to end at 33,614.8 points, while the S&amp;P 500    lost 0.79% to 4,328.87.</p><p>The Nasdaq Composite dropped 1.66% to 13,313.44.</p><p>For the week, the S&amp;P 500 and Dow both fell 1.3%, while the Nasdaq gave up 2.8%.</p><p>Federal Reserve Chair Jerome Powell said this week he would support a 25-basis-point interest rate increase at the central bank&#39;s March 15-16 policy meeting and would be &#34;prepared to move more aggressively&#34; later if inflation does not abate as fast as expected.</p><p>Soaring commodity prices have raised fears of even greater inflation, which could prompt the Fed to hike interest rates more aggressively.</p><p>Shares of WW International, formerly Weight Watchers, dropped over 8% after the Federal Trade Commission said the company &#34;illegally&#34; collected personal information from children without parental permission.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 2.12-to-1 ratio; on Nasdaq, a 2.70-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 38 new 52-week highs and 27 new lows; the Nasdaq Composite recorded 44 new highs and 406 new lows.</p><p>Volume on U.S. exchanges was 13.9 billion shares, compared to a 20-day average of 12.6 billion, according to Refinitiv data.</p><p></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","LABP":"Landos Biopharma, Inc.","DOG":"道指反向ETF","QQQ":"纳指100ETF","BK4554":"元宇宙及AR概念",".IXIC":"NASDAQ Composite","UPRO":"三倍做多标普500ETF","BK4532":"文艺复兴科技持仓",".SPX":"S&P 500 Index","OEX":"标普100","QID":"纳指两倍做空ETF","BK4514":"搜索引擎","SH":"标普500反向ETF","GOOGL":"谷歌A","BK4553":"喜马拉雅资本持仓","IVV":"标普500指数ETF","BK4525":"远程办公概念","SSO":"两倍做多标普500ETF","BK4534":"瑞士信贷持仓","BK4196":"保健护理服务","OEF":"标普100指数ETF-iShares","SPXU":"三倍做空标普500ETF","BK4576":"AR","BK4566":"资本集团","BK4559":"巴菲特持仓","DJX":"1/100道琼斯","BK4139":"生物科技","SQQQ":"纳指三倍做空ETF","BK4007":"制药","BK4077":"互动媒体与服务","BK4527":"明星科技股","DXD":"道指两倍做空ETF","BK4082":"医疗保健设备","QLD":"纳指两倍做多ETF","SPY":"标普500ETF","BK4538":"云计算","SDOW":"道指三倍做空ETF-ProShares","BK4579":"人工智能","SANA":"Sana Biotechnology, Inc.","DDM":"道指两倍做多ETF","BK4574":"无人驾驶","BK4503":"景林资产持仓","BK4561":"索罗斯持仓","CGEM":"Cullinan Therapeutics","TQQQ":"纳指三倍做多ETF","BK4504":"桥水持仓","BK4573":"虚拟现实","BK4581":"高盛持仓"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2217746440","content_text":"Wall Street ended lower on Friday as the war in Ukraine overshadowed an acceleration in U.S. jobs growth last month that pointed to strength in the economy.Most of the 11 major S&P sector indexes declined, with financials leading the way with a 2% drop as investors worried about how the West's sanctions against Moscow may affect the international financial system.The S&P 500 banks index fell 3.35%, bringing its loss for the week to nearly 9%, its worst weekly decline since June 2020.Equities globally were weaker, with safe-haven assets in demand after Russian forces seized Europe's biggest nuclear power plant in what Washington called a reckless assault that risked catastrophe.The Labor Department's closely watched employment report showed jobs grew by a more than expected 678,000 last month and that the unemployment rate fell to 3.8%, the lowest since February 2020.\"Three or four weeks ago, we would have thought that this is an incredibly important number. But given the backdrop and the overall events that are happening in Europe, it's just not,\" said Zachary Hill, head of portfolio management at Horizon Investments in Charlotte.\"The potential for escalation in the hot war, the potential for a growth impact in Europe and more broadly, and knock-on effects on the commodity channel and inflation are taking up all of investors' time and energy,\" Hill said.Amazon.com Inc , Apple Inc, Google owner-Alphabet Inc and Microsoft Corp all lost more than 1%.The crisis in Ukraine boosted energy stocks as crude prices and other commodities rallied on the back of sanctions against Russia, a major oil producer. The S&P 500 energy sector jumped 2.85% and gained about 9% for the week.Richly valued growth stocks have faced the brunt of the recent selloff, with the S&P 500 growth index    down 1.3% on Friday. The value index    declined 0.3%.The Dow Jones Industrial Average fell 0.53% to end at 33,614.8 points, while the S&P 500    lost 0.79% to 4,328.87.The Nasdaq Composite dropped 1.66% to 13,313.44.For the week, the S&P 500 and Dow both fell 1.3%, while the Nasdaq gave up 2.8%.Federal Reserve Chair Jerome Powell said this week he would support a 25-basis-point interest rate increase at the central bank's March 15-16 policy meeting and would be \"prepared to move more aggressively\" later if inflation does not abate as fast as expected.Soaring commodity prices have raised fears of even greater inflation, which could prompt the Fed to hike interest rates more aggressively.Shares of WW International, formerly Weight Watchers, dropped over 8% after the Federal Trade Commission said the company \"illegally\" collected personal information from children without parental permission.Declining issues outnumbered advancing ones on the NYSE by a 2.12-to-1 ratio; on Nasdaq, a 2.70-to-1 ratio favored decliners.The S&P 500 posted 38 new 52-week highs and 27 new lows; the Nasdaq Composite recorded 44 new highs and 406 new lows.Volume on U.S. exchanges was 13.9 billion shares, compared to a 20-day average of 12.6 billion, according to Refinitiv data.","news_type":1},"isVote":1,"tweetType":1,"viewCount":335,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9030353556,"gmtCreate":1645653882085,"gmtModify":1676534048243,"author":{"id":"4106778855791490","authorId":"4106778855791490","name":"Lin_H","avatar":"https://community-static.tradeup.com/news/4fedbac51d28d3004e4ead721c7d35fa","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4106778855791490","authorIdStr":"4106778855791490"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9030353556","repostId":"1129667124","repostType":4,"repost":{"id":"1129667124","pubTimestamp":1645629938,"share":"https://ttm.financial/m/news/1129667124?lang=&edition=fundamental","pubTime":"2022-02-23 23:25","market":"us","language":"en","title":"7 Semiconductor Stocks Smart Investors Will Buy Before They Rebound","url":"https://stock-news.laohu8.com/highlight/detail?id=1129667124","media":"InvestorPlace","summary":"When the Covid-19 pandemic hit, semiconductor stocks were on fire. The pandemic caused an economic e","content":"<html><head></head><body><p>When the Covid-19 pandemic hit, semiconductor stocks were on fire. The pandemic caused an economic effect that led to unprecedented demand for electronic devices of all sorts, most of which require semiconductors to function.</p><p>Demand for goods and services was up across many industries, including computers, cars and cell phones. The semiconductor industry has been through a lot, but it’s now entering an even more challenging phase.</p><p>The complex geopolitical landscape is one of the many challenges businesses face in an ever-changing world. The conflict between China and Taiwan, rising tensions over trade agreements with other countries such as America and China (to name just two), can have devastating effects on any business that relies heavily upon those supplies for their success — which includes almost every company out there.</p><p>In addition, demand for semiconductor chips is extremely high. And there is no way the industry can keep up with it at this stage. Estimates vary when the companies in the sector will get ahold of the situation. However, it is certainly weighing down sentiment.</p><p>The tech downturn has been a big hit on the semiconductor sector. But that has also created opportunities in the industry as prices fall, making it more attractive to enter into a stock before it takes off again.</p><ul><li><a href=\"https://laohu8.com/S/INTC\">Intel </a></li><li><a href=\"https://laohu8.com/S/TXN\">Texas Instruments </a></li><li><a href=\"https://laohu8.com/S/UMC\">United Microelectronics </a></li><li><a href=\"https://laohu8.com/S/ADI\">Analog Devices </a></li><li><a href=\"https://laohu8.com/S/AMD\">Advanced Micro Devices </a></li><li><a href=\"https://laohu8.com/S/CAMT\">Camtek </a></li><li><a href=\"https://laohu8.com/S/AMBA\">Ambarella </a></li></ul><p>Semiconductor Stocks: <a href=\"https://laohu8.com/S/INTC\">Intel </a></p><p><img src=\"https://static.tigerbbs.com/2a476824c0b463d6539cda4c42b5fbed\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\"/>Source: Sundry Photography / Shutterstock.com</p><p>Intel is a chipmaker that has been around for just over half a century. It has been leading the world in technology since its inception.</p><p>Intel is among the world’s largest semiconductor manufacturers and one of the top five global PC makers. Intel is one of the best semiconductor stocks based on its exposure to the industry. Several other factors make it one of the most compelling investments available.</p><p>The company’s main business is making chips for PCs/servers and selling them. The industry stagnated for several years. However, the pandemic brought it back to life. People have bought machines to work or study, which has provided better business for the company.</p><p>Alongside its efforts in the semiconductor space, Intel has invested in many other businesses over the years, including Mobileye. This operating unit is expected to generate a profit for Intel this year.</p><p>Overall, Intel is one of the biggest computer chip manufacturers globally. It is also one of the cheapest blue-chip stocks out there, trading at just 13.8 times forward price-to-earnings.</p><p>The history of the organization, its strong earnings profile and robust outlook mean INTC stock is a great one for your portfolio. If you add a dividend yield of 3% and a cheap valuation, the stock becomes a must-have among semiconductor stocks.</p><ul><li><a href=\"https://laohu8.com/S/TXN\">Texas Instruments </a></li></ul><p><img src=\"https://static.tigerbbs.com/07fbddee75f70311148ab2158b8ac510\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\"/>Source: Katherine Welles / Shutterstock.com</p><p>Texas Instruments is the world’s leading supplier of semiconductors. The company provides cutting-edge technology that helps keep our lives more efficient and connected than ever before, from chipsets for cell phones to televisions. It was founded in 1951 by Cecil H. Green, a professor of electrical engineering at the University of Texas at Austin.</p><p>Texas Instruments recently announced its earnings and ramped up investments in new equipment. This caused a volatile reaction in the market, with traders making corresponding moves.</p><p>In order to maintain its dominance in the analog semiconductor space, TXN will have lower free cash flow and dividend growth for now.</p><p>Texas Instrumentsreported fourth-quarter revenueof $4.83 billion, net income of $2.14 billion, and earnings-per-share of $2.27. Revenue went up substantially, fueled by strong demand in industrial and automotive markets. Analog revenue grew by 20% and Embedded Processing grew by 6% year-over-year.</p><p>The company is continuously showing its strength, with cash flow from operations reaching $8.8 billion for the year and free cash flow at 34% of revenue. This demonstrates the quality of its products in its 300 mm production batches as well its efficient manufacturing strategy, which has been paying off during these tense times.</p><p>The company expects revenue of between $4.5 billion and $4.9 billion and EPS to be between $2.01 and $2.29.</p><p>Apart from its strong financials, Texas Instruments is also a strong income play.In the wordsof Rich Templeton, TXN’s chairman, president, and CEO, “We returned $4.4 billion to owners in 2021 through dividends and stock repurchases. For the year, our dividend represented 62% of free cash flow, underscoring its sustainability.”</p><ul><li><a href=\"https://laohu8.com/S/UMC\">United Microelectronics </a></li></ul><p><img src=\"https://static.tigerbbs.com/61d09420c58361884c58a7c79f3e3464\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\"/>Source: Ascannio via shutterstock</p><p>United Microelectronics Corporation is a global leader in the manufacture of advanced microelectronics and also provides related services such as design, contract manufacturing or verification. The company has expanded across Asia and the U.S. with many locations. It’s also a semicodunctor foundry, which means that it provides many chips for small businesses to purchase.</p><p>The semiconductor super-cycle has been occurring since companies are building more chips to meet a sudden and sustained demand. Under these circumstances, the company can profit from its strong standing in the industry. Semiconductor capital expenditures are surging. UMC is positioned to be a winner because it provides basic foundry operations with other related services such as circuit design, assembly and testing.</p><p>United Microelectronics Corporation is a company that made headlines last year during the worst of the semiconductor supply crunch. The company could get advance payments from its customers, mostly composed of auto manufacturers and other high-profile clients, for the service engagement with UMC’s services.</p><p>The rise of UMC has given it a competitive edge as it continues to increase efficiency and leverage its investments. In addition, the company has a dividend yield of 2.9% and is trading at just 9.7 times forward P/E. All of this makes it a great pick among semiconductor stocks.</p><ul><li><a href=\"https://laohu8.com/S/ADI\">Analog Devices </a></li></ul><p><img src=\"https://static.tigerbbs.com/9261505421712e4c69bc6ac86a8a1234\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\"/>Source: jejim / Shutterstock.com</p><p>Analog Devices has been around for over 50 years and is leading in data conversion, signal processing technology and power management systems. It provides solutions to customers worldwide for products ranging from commercial television broadcast transmitters to medical equipment monitors.</p><p>Analog can maintain its market leadership because it has a diverse product line against competition and technological obsolescence. It also helps Analog companies reach a wider audience for their products and services. Connected cars and the “internet of things” are often talked about in the ongoing tech-focused discussions. Remote monitoring is also becoming a big part of workplace technology, and it can help you with security. All of these trends will act as tailwinds for Analog Devices.</p><p>ADI recently announced earnings that exceeded Wall Street expectations. The company made $280 million in its first quarter, continuing to meet its expectations. Furthermore, ADI says it had 53 cents per share, while its profit after taxes was $1.94 per share. Finally, ADI announced $2.68 in revenue, which also exceeded analyst estimates.</p><p>Analog Devices is predicting earnings will be betweem $1.97 to $2.27 per-share for this quarter with revenue ranging from $2.7 billion to just under $3 billion.</p><p>ADI has paid a sustainable dividend for 18 years, which keeps its stock price stable. The cash flow mostly funds dividends that hold the stock price high.</p><ul><li><a href=\"https://laohu8.com/S/AMD\">Advanced Micro Devices </a></li></ul><p><img src=\"https://static.tigerbbs.com/db3b302426942bcf7c26fe6084f9f3af\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\"/>Source: Ascannio/Shutterstock</p><p>Advanced Micro Devices is a major global semiconductor company that specializes in manufacturing. It also offers a range of software, including x86-64 compatible 64-bit computing and graphics technologies that power AMD’s Ryzen Threadripper processors.</p><p>AMD beat its earnings estimates and guidance in Q4 and has a strong outlook for 2022. In 2021, AMD saw its sales increase by 68% and its gross margin increase by over three percentage points from last year. AMD’s stock has been rising lately, and so has its processor sales.</p><p>AMD recently released new chips with a significant increase in performance, allowing them to challenge Intel as the No. 1 computer chip supplier. It is also buying Xilinx to better compete with Intel.</p><p>Furthermore, the company produces chips specifically for the cloud andvideo gamesectors. AMD’s Lisa Susays that growth in demandfor console upgrades is surpassing “all prior generations.” That makes this is a key segment to watch.</p><p>AMD said that it has been spending $1 billion in the current year on securing long-term supplies. AMD suggests that it will be able to grow without too much of a problem in 2022, which is encouraging news considering the worldwide chip shortage that is happening now.</p><p>The semiconductor company set a revenue goal of $21.5 billion for 2022, ahead of analyst expectations of $19.3 billion. This would be a 31% increase over 2021′s sales, thanks to the launch of Ryzen and Vega products this year.</p><p>AMDexpects to have $5 billion in salesin the first quarter. Most of the sales will come from servers and computers due to AMD’s success with processors. All of these numbers help it feature prominently on this list of semiconductor stocks to buy.</p><ul><li><a href=\"https://laohu8.com/S/CAMT\">Camtek </a></li></ul><p><img src=\"https://static.tigerbbs.com/9c49393d562fe6d525c454b0cf317ae6\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\"/>Source: Pavel Kapysh via shutterstock</p><p>Camtek is a world leader in designing and manufacturing metrology equipment for advanced packaging, memory CMOS image sensors and RF technologies. The company offers dedicated solutions that help improve yield rates while driving down production costs across all industries. In other words, Camtek’s products are essential tools used by companies throughout their entire supply chain.</p><p>With the need for more semiconductors continuing, it’s no surprise that there are plans to build many new plants. This part of the value chain isn’t exactly glamorous but it is integral in getting these projects off their feet and ramped up quickly enough before producing anything valuable or selling any products.</p><p>Camtek has traditionally been one of the top companies in the market, and it saw a53% increase in its revenue in its latest quarterly results. GAAP operating income was $19.3 million while non-GAAP operating income was $20.9 million, providing a margin of 26% and 28.2%, respectively. Operating cash flow of $21.5 million is a strong figure to close out the quarter.</p><p>The company reported record annual revenues of $269.7 million, an increase of 73% compared to the previous year. Record GAAP operating income of $70.9 million, non-GAAP operating income of $76.7 million and 28.4% operating margins, respectively. These are high levels in contrast to the average found throughout most companies.</p><ul><li><a href=\"https://laohu8.com/S/AMBA\">Ambarella </a></li></ul><p><img src=\"https://static.tigerbbs.com/1ed3656e39cfd8d1d437bc81892fd96e\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\"/>Source: Sundry Photography / Shutterstock.com</p><p>You need to look at the semiconductor industry in general when assessing how well a company has scaled to success. The best thing you can do is to invest in a company with a diversified business model. Some of this appeal comes from niche players.</p><p>Still, some want a more specific focus as Ambarella does — its chips are designed for low power and high definition video compression applications, which it markets under an established brand name.</p><p>Think of the numerous ways that Ambarella’s technology is used in today’s world. Products such as <b>Alphabet’s</b>(NASDAQ:<b><u>GOOG</u></b>, NASDAQ:<b><u>GOOGL</u></b>) Google Nest and <b>GoPro</b>(NASDAQ:<b><u>GPRO</u></b>) cameras have successfully implemented this chip into their respective products, showing us just how quickly things can change if we let them.</p><p>Due to threats of interest rate hikes, growth stocks are not doing so well. But that doesn’t mean the time is right to bail on this one. Ambarella is a company that specializes in creating semiconductor solutions for the automotive industry. They make up the core of the car’s “brain” and provide software to help cars learn and react to their environment.</p><p>Considering the breadth of its services and use cases, this is a stock that you need to have in your portfolio.</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>7 Semiconductor Stocks Smart Investors Will Buy Before They Rebound</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\">\n7 Semiconductor Stocks Smart Investors Will Buy Before They Rebound\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-23 23:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/02/7-semiconductor-stocks-smart-investors-will-buy-before-they-rebound/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>When the Covid-19 pandemic hit, semiconductor stocks were on fire. The pandemic caused an economic effect that led to unprecedented demand for electronic devices of all sorts, most of which require ...</p>\n\n<a href=\"https://investorplace.com/2022/02/7-semiconductor-stocks-smart-investors-will-buy-before-they-rebound/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TXN":"德州仪器","INTC":"英特尔","ADI":"亚德诺","UMC":"联电","AMBA":"安霸","CAMT":"康特科技","AMD":"美国超微公司"},"source_url":"https://investorplace.com/2022/02/7-semiconductor-stocks-smart-investors-will-buy-before-they-rebound/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129667124","content_text":"When the Covid-19 pandemic hit, semiconductor stocks were on fire. The pandemic caused an economic effect that led to unprecedented demand for electronic devices of all sorts, most of which require semiconductors to function.Demand for goods and services was up across many industries, including computers, cars and cell phones. The semiconductor industry has been through a lot, but it’s now entering an even more challenging phase.The complex geopolitical landscape is one of the many challenges businesses face in an ever-changing world. The conflict between China and Taiwan, rising tensions over trade agreements with other countries such as America and China (to name just two), can have devastating effects on any business that relies heavily upon those supplies for their success — which includes almost every company out there.In addition, demand for semiconductor chips is extremely high. And there is no way the industry can keep up with it at this stage. Estimates vary when the companies in the sector will get ahold of the situation. However, it is certainly weighing down sentiment.The tech downturn has been a big hit on the semiconductor sector. But that has also created opportunities in the industry as prices fall, making it more attractive to enter into a stock before it takes off again.Intel Texas Instruments United Microelectronics Analog Devices Advanced Micro Devices Camtek Ambarella Semiconductor Stocks: Intel Source: Sundry Photography / Shutterstock.comIntel is a chipmaker that has been around for just over half a century. It has been leading the world in technology since its inception.Intel is among the world’s largest semiconductor manufacturers and one of the top five global PC makers. Intel is one of the best semiconductor stocks based on its exposure to the industry. Several other factors make it one of the most compelling investments available.The company’s main business is making chips for PCs/servers and selling them. The industry stagnated for several years. However, the pandemic brought it back to life. People have bought machines to work or study, which has provided better business for the company.Alongside its efforts in the semiconductor space, Intel has invested in many other businesses over the years, including Mobileye. This operating unit is expected to generate a profit for Intel this year.Overall, Intel is one of the biggest computer chip manufacturers globally. It is also one of the cheapest blue-chip stocks out there, trading at just 13.8 times forward price-to-earnings.The history of the organization, its strong earnings profile and robust outlook mean INTC stock is a great one for your portfolio. If you add a dividend yield of 3% and a cheap valuation, the stock becomes a must-have among semiconductor stocks.Texas Instruments Source: Katherine Welles / Shutterstock.comTexas Instruments is the world’s leading supplier of semiconductors. The company provides cutting-edge technology that helps keep our lives more efficient and connected than ever before, from chipsets for cell phones to televisions. It was founded in 1951 by Cecil H. Green, a professor of electrical engineering at the University of Texas at Austin.Texas Instruments recently announced its earnings and ramped up investments in new equipment. This caused a volatile reaction in the market, with traders making corresponding moves.In order to maintain its dominance in the analog semiconductor space, TXN will have lower free cash flow and dividend growth for now.Texas Instrumentsreported fourth-quarter revenueof $4.83 billion, net income of $2.14 billion, and earnings-per-share of $2.27. Revenue went up substantially, fueled by strong demand in industrial and automotive markets. Analog revenue grew by 20% and Embedded Processing grew by 6% year-over-year.The company is continuously showing its strength, with cash flow from operations reaching $8.8 billion for the year and free cash flow at 34% of revenue. This demonstrates the quality of its products in its 300 mm production batches as well its efficient manufacturing strategy, which has been paying off during these tense times.The company expects revenue of between $4.5 billion and $4.9 billion and EPS to be between $2.01 and $2.29.Apart from its strong financials, Texas Instruments is also a strong income play.In the wordsof Rich Templeton, TXN’s chairman, president, and CEO, “We returned $4.4 billion to owners in 2021 through dividends and stock repurchases. For the year, our dividend represented 62% of free cash flow, underscoring its sustainability.”United Microelectronics Source: Ascannio via shutterstockUnited Microelectronics Corporation is a global leader in the manufacture of advanced microelectronics and also provides related services such as design, contract manufacturing or verification. The company has expanded across Asia and the U.S. with many locations. It’s also a semicodunctor foundry, which means that it provides many chips for small businesses to purchase.The semiconductor super-cycle has been occurring since companies are building more chips to meet a sudden and sustained demand. Under these circumstances, the company can profit from its strong standing in the industry. Semiconductor capital expenditures are surging. UMC is positioned to be a winner because it provides basic foundry operations with other related services such as circuit design, assembly and testing.United Microelectronics Corporation is a company that made headlines last year during the worst of the semiconductor supply crunch. The company could get advance payments from its customers, mostly composed of auto manufacturers and other high-profile clients, for the service engagement with UMC’s services.The rise of UMC has given it a competitive edge as it continues to increase efficiency and leverage its investments. In addition, the company has a dividend yield of 2.9% and is trading at just 9.7 times forward P/E. All of this makes it a great pick among semiconductor stocks.Analog Devices Source: jejim / Shutterstock.comAnalog Devices has been around for over 50 years and is leading in data conversion, signal processing technology and power management systems. It provides solutions to customers worldwide for products ranging from commercial television broadcast transmitters to medical equipment monitors.Analog can maintain its market leadership because it has a diverse product line against competition and technological obsolescence. It also helps Analog companies reach a wider audience for their products and services. Connected cars and the “internet of things” are often talked about in the ongoing tech-focused discussions. Remote monitoring is also becoming a big part of workplace technology, and it can help you with security. All of these trends will act as tailwinds for Analog Devices.ADI recently announced earnings that exceeded Wall Street expectations. The company made $280 million in its first quarter, continuing to meet its expectations. Furthermore, ADI says it had 53 cents per share, while its profit after taxes was $1.94 per share. Finally, ADI announced $2.68 in revenue, which also exceeded analyst estimates.Analog Devices is predicting earnings will be betweem $1.97 to $2.27 per-share for this quarter with revenue ranging from $2.7 billion to just under $3 billion.ADI has paid a sustainable dividend for 18 years, which keeps its stock price stable. The cash flow mostly funds dividends that hold the stock price high.Advanced Micro Devices Source: Ascannio/ShutterstockAdvanced Micro Devices is a major global semiconductor company that specializes in manufacturing. It also offers a range of software, including x86-64 compatible 64-bit computing and graphics technologies that power AMD’s Ryzen Threadripper processors.AMD beat its earnings estimates and guidance in Q4 and has a strong outlook for 2022. In 2021, AMD saw its sales increase by 68% and its gross margin increase by over three percentage points from last year. AMD’s stock has been rising lately, and so has its processor sales.AMD recently released new chips with a significant increase in performance, allowing them to challenge Intel as the No. 1 computer chip supplier. It is also buying Xilinx to better compete with Intel.Furthermore, the company produces chips specifically for the cloud andvideo gamesectors. AMD’s Lisa Susays that growth in demandfor console upgrades is surpassing “all prior generations.” That makes this is a key segment to watch.AMD said that it has been spending $1 billion in the current year on securing long-term supplies. AMD suggests that it will be able to grow without too much of a problem in 2022, which is encouraging news considering the worldwide chip shortage that is happening now.The semiconductor company set a revenue goal of $21.5 billion for 2022, ahead of analyst expectations of $19.3 billion. This would be a 31% increase over 2021′s sales, thanks to the launch of Ryzen and Vega products this year.AMDexpects to have $5 billion in salesin the first quarter. Most of the sales will come from servers and computers due to AMD’s success with processors. All of these numbers help it feature prominently on this list of semiconductor stocks to buy.Camtek Source: Pavel Kapysh via shutterstockCamtek is a world leader in designing and manufacturing metrology equipment for advanced packaging, memory CMOS image sensors and RF technologies. The company offers dedicated solutions that help improve yield rates while driving down production costs across all industries. In other words, Camtek’s products are essential tools used by companies throughout their entire supply chain.With the need for more semiconductors continuing, it’s no surprise that there are plans to build many new plants. This part of the value chain isn’t exactly glamorous but it is integral in getting these projects off their feet and ramped up quickly enough before producing anything valuable or selling any products.Camtek has traditionally been one of the top companies in the market, and it saw a53% increase in its revenue in its latest quarterly results. GAAP operating income was $19.3 million while non-GAAP operating income was $20.9 million, providing a margin of 26% and 28.2%, respectively. Operating cash flow of $21.5 million is a strong figure to close out the quarter.The company reported record annual revenues of $269.7 million, an increase of 73% compared to the previous year. Record GAAP operating income of $70.9 million, non-GAAP operating income of $76.7 million and 28.4% operating margins, respectively. These are high levels in contrast to the average found throughout most companies.Ambarella Source: Sundry Photography / Shutterstock.comYou need to look at the semiconductor industry in general when assessing how well a company has scaled to success. The best thing you can do is to invest in a company with a diversified business model. Some of this appeal comes from niche players.Still, some want a more specific focus as Ambarella does — its chips are designed for low power and high definition video compression applications, which it markets under an established brand name.Think of the numerous ways that Ambarella’s technology is used in today’s world. Products such as Alphabet’s(NASDAQ:GOOG, NASDAQ:GOOGL) Google Nest and GoPro(NASDAQ:GPRO) cameras have successfully implemented this chip into their respective products, showing us just how quickly things can change if we let them.Due to threats of interest rate hikes, growth stocks are not doing so well. But that doesn’t mean the time is right to bail on this one. Ambarella is a company that specializes in creating semiconductor solutions for the automotive industry. They make up the core of the car’s “brain” and provide software to help cars learn and react to their environment.Considering the breadth of its services and use cases, this is a stock that you need to have in your portfolio.","news_type":1},"isVote":1,"tweetType":1,"viewCount":267,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9033139044,"gmtCreate":1646210162788,"gmtModify":1676534104203,"author":{"id":"4106778855791490","authorId":"4106778855791490","name":"Lin_H","avatar":"https://community-static.tradeup.com/news/4fedbac51d28d3004e4ead721c7d35fa","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4106778855791490","authorIdStr":"4106778855791490"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9033139044","repostId":"2216251491","repostType":4,"repost":{"id":"2216251491","pubTimestamp":1646204081,"share":"https://ttm.financial/m/news/2216251491?lang=&edition=fundamental","pubTime":"2022-03-02 14:54","market":"us","language":"en","title":"Biden’s First State of the Union Address: Inflation, Russia-Ukraine Conflict, Covid in Focus","url":"https://stock-news.laohu8.com/highlight/detail?id=2216251491","media":"MarketWatch","summary":"Inflation, Russia-Ukraine conflict, COVID in focus in president’s first State of the Union addressPr","content":"<html><head></head><body><p>Inflation, Russia-Ukraine conflict, COVID in focus in president’s first State of the Union address</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1e9de16f5c407d8490412f0f645dc56c\" tg-width=\"700\" tg-height=\"496\" referrerpolicy=\"no-referrer\"/><span>President Joe Biden delivers the State of the Union address during a joint session of Congress in the U.S. Capitol’s House Chamber on March 01, 2022 in Washington.</span></p><p>Here is the full text, as prepared for delivery, of President Joe Biden’s first State of the Union address, as released Tuesday by the White House.</p><p>Madam Speaker, Madam Vice President, our First Lady and Second Gentleman. Members of Congress and the Cabinet. Justices of the Supreme Court. My fellow Americans.</p><p>Last year COVID-19 kept us apart. This year we are finally together again.</p><p>Tonight, we meet as Democrats Republicans and Independents. But most importantly as Americans.</p><p>With a duty to one another to the American people to the Constitution.</p><p>And with an unwavering resolve that freedom will always triumph over tyranny.</p><p>Six days ago, Russia’s Vladimir Putin sought to shake the foundations of the free world thinking he could make it bend to his menacing ways. But he badly miscalculated.</p><p>He thought he could roll into Ukraine and the world would roll over. Instead he met a wall of strength he never imagined.</p><p>He met the Ukrainian people.</p><p>From President Zelenskyy to every Ukrainian, their fearlessness, their courage, their determination, inspires the world.</p><p>Groups of citizens blocking tanks with their bodies. Everyone from students to retirees teachers turned soldiers defending their homeland.</p><p>In this struggle as President Zelenskyy said in his speech to the European Parliament “Light will win over darkness.” The Ukrainian Ambassador to the United States is here tonight.</p><p>Let each of us here tonight in this Chamber send an unmistakable signal to Ukraine and to the world.</p><p>Please rise if you are able and show that, Yes, we the United States of America stand with the Ukrainian people.</p><p>Throughout our history we’ve learned this lesson when dictators do not pay a price for their aggression they cause more chaos.</p><p>They keep moving.</p><p>And the costs and the threats to America and the world keep rising.</p><p>That’s why the NATO Alliance was created to secure peace and stability in Europe after World War 2.</p><p>The United States is a member along with 29 other nations.</p><p>It matters. American diplomacy matters. American resolve matters.</p><p>Putin’s latest attack on Ukraine was premeditated and unprovoked.</p><p>He rejected repeated efforts at diplomacy.</p><p>He thought the West and NATO wouldn’t respond. And he thought he could divide us at home. Putin was wrong. We were ready.  Here is what we did.</p><p>We prepared extensively and carefully.</p><p>We spent months building a coalition of other freedom-loving nations from Europe and the Americas to Asia and Africa to confront Putin.</p><p>I spent countless hours unifying our European allies. We shared with the world in advance what we knew Putin was planning and precisely how he would try to falsely justify his aggression.</p><p>We countered Russia’s lies with truth.</p><p>And now that he has acted the free world is holding him accountable.</p><p>Along with twenty-seven members of the European Union including France, Germany, Italy, as well as countries like the United Kingdom, Canada, Japan, Korea, Australia, New Zealand, and many others, even Switzerland.</p><p>We are inflicting pain on Russia and supporting the people of Ukraine. Putin is now isolated from the world more than ever.</p><p>Together with our allies –we are right now enforcing powerful economic sanctions.</p><p>We are cutting off Russia’s largest banks from the international financial system.</p><p>Preventing Russia’s central bank from defending the Russian Ruble making Putin’s $630 Billion “war fund” worthless.</p><p>We are choking off Russia’s access to technology that will sap its economic strength and weaken its military for years to come.</p><p>Tonight I say to the Russian oligarchs and corrupt leaders who have bilked billions of dollars off this violent regime no more.</p><p>The U.S. Department of Justice is assembling a dedicated task force to go after the crimes of Russian oligarchs.</p><p>We are joining with our European allies to find and seize your yachts your luxury apartments your private jets. We are coming for your ill-begotten gains.</p><p>And tonight I am announcing that we will join our allies in closing off American air space to all Russian flights – further isolating Russia – and adding an additional squeeze –on their economy. The Ruble has lost 30% of its value.</p><p>The Russian stock market has lost 40% of its value and trading remains suspended. Russia’s economy is reeling and Putin alone is to blame.</p><p>Together with our allies we are providing support to the Ukrainians in their fight for freedom. Military assistance. Economic assistance. Humanitarian assistance.</p><p>We are giving more than $1 Billion in direct assistance to Ukraine.</p><p>And we will continue to aid the Ukrainian people as they defend their country and to help ease their suffering.</p><p>Let me be clear, our forces are not engaged and will not engage in conflict with Russian forces in Ukraine.</p><p>Our forces are not going to Europe to fight in Ukraine, but to defend our NATO Allies – in the event that Putin decides to keep moving west.</p><p>For that purpose we’ve mobilized American ground forces, air squadrons, and ship deployments to protect NATO countries including Poland, Romania, Latvia, Lithuania, and Estonia.</p><p>As I have made crystal clear the United States and our Allies will defend every inch of territory of NATO countries with the full force of our collective power.</p><p>And we remain clear-eyed. The Ukrainians are fighting back with pure courage. But the next few days weeks, months, will be hard on them.</p><p>Putin has unleashed violence and chaos.  But while he may make gains on the battlefield – he will pay a continuing high price over the long run.</p><p>And a proud Ukrainian people, who have known 30 years  of independence, have repeatedly shown that they will not tolerate anyone who tries to take their country backwards.</p><p>To all Americans, I will be honest with you, as I’ve always promised. A Russian dictator, invading a foreign country, has costs around the world.</p><p>And I’m taking robust action to make sure the pain of our sanctions  is targeted at Russia’s economy. And I will use every tool at our disposal to protect American businesses and consumers.</p><p>Tonight, I can announce that the United States has worked with 30 other countries to release 60 Million barrels of oil from reserves around the world.</p><p>America will lead that effort, releasing 30 Million barrels from our own Strategic Petroleum Reserve. And we stand ready to do more if necessary, unified with our allies.</p><p>These steps will help blunt gas prices here at home. And I know the news about what’s happening can seem alarming.</p><p>But I want you to know that we are going to be okay.</p><p>When the history of this era is written Putin’s war on Ukraine will have left Russia weaker and the rest of the world stronger.</p><p>While it shouldn’t have taken something so terrible for people around the world to see what’s at stake now everyone sees it clearly.</p><p>We see the unity among leaders of nations and a more unified Europe a more unified West. And we see unity among the people who are gathering in cities in large crowds around the world even in Russia to demonstrate their support for Ukraine.</p><p>In the battle between democracy and autocracy, democracies are rising to the moment, and the world is clearly choosing the side of peace and security.</p><p>This is a real test. It’s going to take time. So let us continue to draw inspiration from the iron will of the Ukrainian people.</p><p>To our fellow Ukrainian Americans who forge a deep bond that connects our two nations we stand with you.</p><p>Putin may circle Kyiv with tanks, but he will never gain the hearts and souls of the Ukrainian people.</p><p>He will never extinguish their love of freedom. He will never weaken the resolve of the free world.</p><p>We meet tonight in an America that has lived through two of the hardest years this nation has ever faced.</p><p>The pandemic has been punishing.</p><p>And so many families are living paycheck to paycheck, struggling to keep up with the rising cost of food, gas, housing, and so much more.</p><p>I understand.</p><p>I remember when my Dad had to leave our home in Scranton, Pennsylvania to find work. I grew up in a family where if the price of food went up, you felt it.</p><p>That’s why one of the first things I did as President was fight to pass the American Rescue Plan.</p><p>Because people were hurting. We needed to act, and we did.</p><p>Few pieces of legislation have done more in a critical moment in our history to lift us out of crisis.</p><p>It fueled our efforts to vaccinate the nation and combat COVID-19. It delivered immediate economic relief for tens of millions of Americans.</p><p>Helped put food on their table, keep a roof over their heads, and cut the cost of health insurance.</p><p>And as my Dad used to say, it gave people a little breathing room.</p><p>And unlike the $2 Trillion tax cut passed in the previous administration that benefitted the top 1% of Americans, the American Rescue Plan helped working people—and left no one behind.</p><p>And it worked. It created jobs. Lots of jobs.</p><p>In fact—our economy created over 6.5 Million new jobs just last year, more jobs created in one year</p><p>than ever before in the history of America.</p><p>Our economy grew at a rate of 5.7% last year, the strongest growth in nearly 40 years, the first step in bringing fundamental change to an economy that hasn’t worked for the working people of this nation for too long.</p><p>For the past 40 years we were told that if we gave tax breaks to those at the very top, the benefits would trickle down to everyone else.</p><p>But that trickle-down theory led to weaker economic growth, lower wages, bigger deficits, and the widest gap between those at the top and everyone else in nearly a century.</p><p>Vice President Harris and I ran for office with a new economic vision for America.</p><p>Invest in America. Educate Americans. Grow the workforce. Build the economy from the bottom up</p><p>and the middle out, not from the top down.</p><p>Because we know that when the middle class grows, the poor have a ladder up and the wealthy do very well.</p><p>America used to have the best roads, bridges, and airports on Earth.</p><p>Now our infrastructure is ranked 13th in the world.</p><p>We won’t be able to compete for the jobs of the 21st Century if we don’t fix that.</p><p>That’s why it was so important to pass the Bipartisan Infrastructure Law—the most sweeping investment to rebuild America in history.</p><p>This was a bipartisan effort, and I want to thank the members of both parties who worked to make it happen.</p><p>We’re done talking about infrastructure weeks.</p><p>We’re going to have an infrastructure decade.</p><p>It is going to transform America and put us on a path to win the economic competition of the 21st Century that we face with the rest of the world—particularly with China.</p><p>As I’ve told Xi Jinping, it is never a good bet to bet against the American people.</p><p>We’ll create good jobs for millions of Americans, modernizing roads, airports, ports, and waterways all across America.</p><p>And we’ll do it all to withstand the devastating effects of the climate crisis and promote environmental justice.</p><p>We’ll build a national network of 500,000 electric vehicle charging stations, begin to replace poisonous lead pipes—so every child—and every American—has clean water to drink at home and at school, provide affordable high-speed internet for every American—urban, suburban, rural, and tribal communities.</p><p>4,000 projects have already been announced.</p><p>And tonight, I’m announcing that this year we will start fixing over 65,000 miles of highway and 1,500 bridges in disrepair.</p><p>When we use taxpayer dollars to rebuild America – we are going to Buy American: buy American products to support American jobs.</p><p>The federal government spends about $600 Billion a year to keep the country safe and secure.</p><p>There’s been a law on the books for almost a century</p><p>to make sure taxpayers’ dollars support American jobs and businesses.</p><p>Every Administration says they’ll do it, but we are actually doing it.</p><p>We will buy American to make sure everything from the deck of an aircraft carrier to the steel on highway guardrails are made in America.</p><p>But to compete for the best jobs of the future, we also need to level the playing field with China and other competitors.</p><p>That’s why it is so important to pass the Bipartisan Innovation Act sitting in Congress that will make record investments in emerging technologies and American manufacturing.</p><p>Let me give you one example of why it’s so important to pass it.</p><p>If you travel 20 miles east of Columbus, Ohio, you’ll find 1,000 empty acres of land.</p><p>It won’t look like much, but if you stop and look closely, you’ll see a “Field of dreams,” the ground on which America’s future will be built.</p><p>This is where Intel, the American company that helped build Silicon Valley, is going to build its $20 billion semiconductor “mega site”.</p><p>Up to eight state-of-the-art factories in one place. 10,000 new good-paying jobs.</p><p>Some of the most sophisticated manufacturing in the world to make computer chips the size of a fingertip that power the world and our everyday lives.</p><p>Smartphones. The Internet. Technology we have yet to invent.</p><p>But that’s just the beginning.</p><p>Intel’s CEO, Pat Gelsinger, who is here tonight, told me they are ready to increase their investment from</p><p>$20 billion to $100 billion.</p><p>That would be one of the biggest investments in manufacturing in American history.</p><p>And all they’re waiting for is for you to pass this bill.</p><p>So let’s not wait any longer. Send it to my desk. I’ll sign it.</p><p>And we will really take off.</p><p>And Intel is not alone.</p><p>There’s something happening in America.</p><p>Just look around and you’ll see an amazing story.</p><p>The rebirth of the pride that comes from stamping products “Made In America.” The revitalization of American manufacturing.</p><p>Companies are choosing to build new factories here, when just a few years ago, they would have built them overseas.</p><p>That’s what is happening. Ford is investing $11 billion to build electric vehicles, creating 11,000 jobs across the country.</p><p>GM is making the largest investment in its history—$7 billion to build electric vehicles, creating 4,000 jobs in Michigan.</p><p>All told, we created 369,000 new manufacturing jobs in America just last year.</p><p>Powered by people I’ve met like JoJo Burgess, from generations of union steelworkers from Pittsburgh, who’s here with us tonight.</p><p>As Ohio Senator Sherrod Brown says, “It’s time to bury the label “Rust Belt.”</p><p>It’s time.</p><p>But with all the bright spots in our economy, record job growth and higher wages, too many families are struggling to keep up with the bills.</p><p>Inflation is robbing them of the gains they might otherwise feel.</p><p>I get it. That’s why my top priority is getting prices under control.</p><p>Look, our economy roared back faster than most predicted, but the pandemic meant that businesses had a hard time hiring enough workers to keep up production in their factories.</p><p>The pandemic also disrupted global supply chains.</p><p>When factories close, it takes longer to make goods and get them from the warehouse to the store, and prices go up.</p><p>Look at cars.</p><p>Last year, there weren’t enough semiconductors to make all the cars that people wanted to buy.</p><p>And guess what, prices of automobiles went up.</p><p>So—we have a choice.</p><p>One way to fight inflation is to drive down wages and make Americans poorer.</p><p>I have a better plan to fight inflation.</p><p>Lower your costs, not your wages.</p><p>Make more cars and semiconductors in America.</p><p>More infrastructure and innovation in America.</p><p>More goods moving faster and cheaper in America.</p><p>More jobs where you can earn a good living in America.</p><p>And instead of relying on foreign supply chains, let’s make it in America.</p><p>Economists call it “increasing the productive capacity of our economy.”</p><p>I call it building a better America.</p><p>My plan to fight inflation will lower your costs and lower the deficit.</p><p>17 Nobel laureates in economics say my plan will ease long-term inflationary pressures. Top business leaders and most Americans support my plan. And here’s the plan:</p><p>First – cut the cost of prescription drugs. Just look at insulin. One in ten Americans has diabetes. In Virginia, I met a 13-year-old boy named Joshua Davis.</p><p>He and his Dad both have Type 1 diabetes, which means they need insulin every day. Insulin costs about $10 a vial to make.</p><p>But drug companies charge families like Joshua and his Dad up to 30 times more. I spoke with Joshua’s mom.</p><p>Imagine what it’s like to look at your child who needs insulin and have no idea how you’re going to pay for it.</p><p>What it does to your dignity, your ability to look your child in the eye, to be the parent you expect to be.</p><p>Joshua is here with us tonight. Yesterday was his birthday. Happy birthday, buddy.</p><p>For Joshua, and for the 200,000 other young people with Type 1 diabetes, let’s cap the cost of insulin at $35 a month so everyone can afford it.</p><p>Drug companies will still do very well. And while we’re at it let Medicare negotiate lower prices for prescription drugs, like the VA already does.</p><p>Look, the American Rescue Plan is helping millions of families on Affordable Care Act plans save $2,400 a year on their health care premiums. Let’s close the coverage gap and make those savings permanent.</p><p>Second – cut energy costs for families an average of $500 a year by combatting climate change.</p><p>Let’s provide investments and tax credits to weatherize your homes and businesses to be energy efficient and you get a tax credit; double America’s clean energy production in solar, wind, and so much more;  lower the price of electric vehicles, saving you another $80 a month because you’ll never have to pay at the gas pump again.</p><p>Third – cut the cost of child care. Many families pay up to $14,000 a year for child care per child.</p><p>Middle-class and working families shouldn’t have to pay more than 7% of their income for care of young children.</p><p>My plan will cut the cost in half for most families and help parents, including millions of women, who left the workforce during the pandemic because they couldn’t afford child care, to be able to get back to work.</p><p>My plan doesn’t stop there. It also includes home and long-term care. More affordable housing. And Pre-K for every 3- and 4-year-old.</p><p>All of these will lower costs.</p><p>And under my plan, nobody earning less than $400,000 a year will pay an additional penny in new taxes. Nobody.</p><p>The one thing all Americans agree on is that the tax system is not fair. We have to fix it.</p><p>I’m not looking to punish anyone. But let’s make sure corporations and the wealthiest Americans start paying their fair share.</p><p>Just last year, 55 Fortune 500 corporations earned $40 billion in profits and paid zero dollars in federal income tax.</p><p>That’s simply not fair. That’s why I’ve proposed a 15% minimum tax rate for corporations.</p><p>We got more than 130 countries to agree on a global minimum tax rate so companies can’t get out of paying their taxes at home by shipping jobs and factories overseas.</p><p>That’s why I’ve proposed closing loopholes so the very wealthy don’t pay a lower tax rate than a teacher or a firefighter.</p><p>So that’s my plan. It will grow the economy and lower costs for families.</p><p>So what are we waiting for? Let’s get this done. And while you’re at it, confirm my nominees to the Federal Reserve, which plays a critical role in fighting inflation.</p><p>My plan will not only lower costs to give families a fair shot, it will lower the deficit.</p><p>The previous Administration not only ballooned the deficit with tax cuts for the very wealthy and corporations, it undermined the watchdogs whose job was to keep pandemic relief funds from being wasted.</p><p>But in my administration, the watchdogs have been welcomed back.</p><p>We’re going after the criminals who stole billions in relief money meant for small businesses and millions of Americans.</p><p>And tonight, I’m announcing that the Justice Department will name a chief prosecutor for pandemic fraud.</p><p>By the end of this year, the deficit will be down to less than half what it was before I took office.</p><p>The only president ever to cut the deficit by more than one trillion dollars in a single year.</p><p>Lowering your costs also means demanding more competition.</p><p>I’m a capitalist, but capitalism without competition isn’t capitalism.</p><p>It’s exploitation—and it drives up prices.</p><p>When corporations don’t have to compete, their profits go up, your prices go up, and small businesses and family farmers and ranchers go under.</p><p>We see it happening with ocean carriers moving goods in and out of America.</p><p>During the pandemic, these foreign-owned companies raised prices by as much as 1,000% and made record profits.</p><p>Tonight, I’m announcing a crackdown on these companies overcharging American businesses and consumers.</p><p>And as Wall Street firms take over more nursing homes, quality in those homes has gone down and costs have gone up.</p><p>That ends on my watch.</p><p>Medicare is going to set higher standards for nursing homes and make sure your loved ones get the care they deserve and expect.</p><p>We’ll also cut costs and keep the economy going strong by giving workers a fair shot, provide more training and apprenticeships, hire them based on their skills not degrees.</p><p>Let’s pass the Paycheck Fairness Act and paid leave.</p><p>Raise the minimum wage to $15 an hour and extend the Child Tax Credit, so no one has to raise a family in poverty.</p><p>Let’s increase Pell Grants and increase our historic support of HBCUs, and invest in what Jill—our First Lady who teaches full-time—calls America’s best-kept secret: community colleges.</p><p>And let’s pass the PRO Act when a majority of workers want to form a union—they shouldn’t be stopped.</p><p>When we invest in our workers, when we build the economy from the bottom up and the middle out together, we can do something we haven’t done in a long time: build a better America.</p><p>For more than two years, COVID-19 has impacted every decision in our lives and the life of the nation.</p><p>And I know you’re tired, frustrated, and exhausted.</p><p>But I also know this.</p><p>Because of the progress we’ve made, because of your resilience and the tools we have, tonight I can say</p><p>we are moving forward safely, back to more normal routines.</p><p>We’ve reached a new moment in the fight against COVID-19, with severe cases down to a level not seen since last July.</p><p>Just a few days ago, the Centers for Disease Control and Prevention—the CDC—issued new mask guidelines.</p><p>Under these new guidelines, most Americans in most of the country can now be mask free.</p><p>And based on the projections, more of the country will reach that point across the next couple of weeks.</p><p>Thanks to the progress we have made this past year, COVID-19 need no longer control our lives.</p><p>I know some are talking about “living with COVID-19”. Tonight – I say that we will never just accept living with COVID-19.</p><p>We will continue to combat the virus as we do other diseases. And because this is a virus that mutates and spreads, we will stay on guard.</p><p>Here are four common sense steps as we move forward safely.</p><p>First, stay protected with vaccines and treatments. We know how incredibly effective vaccines are. If you’re vaccinated and boosted you have the highest degree of protection.</p><p>We will never give up on vaccinating more Americans. Now, I know parents with kids under 5 are eager to see a vaccine authorized for their children.</p><p>The scientists are working hard to get that done and we’ll be ready with plenty of vaccines when they do.</p><p>We’re also ready with anti-viral treatments. If you get COVID-19, the Pfizer pill reduces your chances of ending up in the hospital by 90%.</p><p>We’ve ordered more of these pills than anyone in the world. And Pfizer is working overtime to get us 1 Million pills this month and more than double that next month.</p><p>And we’re launching the “Test to Treat” initiative so people can get tested at a pharmacy, and if they’re positive, receive antiviral pills on the spot at no cost.</p><p>If you’re immunocompromised or have some other vulnerability, we have treatments and free high-quality masks.</p><p>We’re leaving no one behind or ignoring anyone’s needs as we move forward.</p><p>And on testing, we have made hundreds of millions of tests available for you to order for free.</p><p>Even if you already ordered free tests tonight, I am announcing that you can order more from <a href=\"http://covidtests.gov/\" target=\"_blank\">covidtests.gov</a> starting next week.</p><p>Second – we must prepare for new variants. Over the past year, we’ve gotten much better at detecting new variants.</p><p>If necessary, we’ll be able to deploy new vaccines within 100 days instead of many more months or years.</p><p>And, if Congress provides the funds we need, we’ll have new stockpiles of tests, masks, and pills ready if needed.</p><p>I cannot promise a new variant won’t come. But I can promise you we’ll do everything within our power to be ready if it does.</p><p>Third – we can end the shutdown of schools and businesses. We have the tools we need.</p><p>It’s time for Americans to get back to work and fill our great downtowns again.  People working from home can feel safe to begin to return to the office.</p><p>We’re doing that here in the federal government. The vast majority of federal workers will once again work in person.</p><p>Our schools are open. Let’s keep it that way. Our kids need to be in school.</p><p>And with 75% of adult Americans fully vaccinated and hospitalizations down by 77%, most Americans can remove their masks, return to work, stay in the classroom, and move forward safely.</p><p>We achieved this because we provided free vaccines, treatments, tests, and masks.</p><p>Of course, continuing this costs money.</p><p>I will soon send Congress a request.</p><p>The vast majority of Americans have used these tools and may want to again, so I expect Congress to pass it quickly.</p><p>Fourth, we will continue vaccinating the world.</p><p>We’ve sent 475 Million vaccine doses to 112 countries, more than any other nation.</p><p>And we won’t stop.</p><p>We have lost so much to COVID-19. Time with one another. And worst of all, so much loss of life.</p><p>Let’s use this moment to reset. Let’s stop looking at COVID-19 as a partisan dividing line and see it for what it is: A God-awful disease.</p><p>Let’s stop seeing each other as enemies, and start seeing each other for who we really are: Fellow Americans.</p><p>We can’t change how divided we’ve been. But we can change how we move forward—on COVID-19 and other issues we must face together.</p><p>I recently visited the New York City Police Department days after the funerals of Officer Wilbert Mora and his partner, Officer Jason Rivera.</p><p>They were responding to a 9-1-1 call when a man shot and killed them with a stolen gun.</p><p>Officer Mora was 27 years old.</p><p>Officer Rivera was 22.</p><p>Both Dominican Americans who’d grown up on the same streets they later chose to patrol as police officers.</p><p>I spoke with their families and told them that we are forever in debt for their sacrifice, and we will carry on their mission to restore the trust and safety every community deserves.</p><p>I’ve worked on these issues a long time.</p><p>I know what works: Investing in crime preventionand community police officers who’ll walk the beat, who’ll know the neighborhood, and who can restore trust and safety.</p><p>So let’s not abandon our streets. Or choose between safety and equal justice.</p><p>Let’s come together to protect our communities, restore trust, and hold law enforcement accountable.</p><p>That’s why the Justice Department required body cameras, banned chokeholds, and restricted no-knock warrants for its officers.</p><p>That’s why the American Rescue Plan provided $350 Billion that cities, states, and counties can use to hire more police and invest in proven strategies like community violence interruption—trusted messengers breaking the cycle of violence and trauma and giving young people hope.</p><p>We should all agree: The answer is not to Defund the police. The answer is to FUND the police with the resources and training they need to protect our communities.</p><p>I ask Democrats and Republicans alike: Pass my budget and keep our neighborhoods safe.</p><p>And I will keep doing everything in my power to crack down on gun trafficking and ghost guns you can buy online and make at home—they have no serial numbers and can’t be traced.</p><p>And I ask Congress to pass proven measures to reduce gun violence. Pass universal background checks. Why should anyone on a terrorist list be able to purchase a weapon?</p><p>Ban assault weapons and high-capacity magazines.</p><p>Repeal the liability shield that makes gun manufacturers the only industry in America that can’t be sued.</p><p>These laws don’t infringe on the Second Amendment. They save lives.</p><p>The most fundamental right in America is the right to vote – and to have it counted. And it’s under assault.</p><p>In state after state, new laws have been passed, not only to suppress the vote, but to subvert entire elections.</p><p>We cannot let this happen.</p><p>Tonight. I call on the Senate to: Pass the Freedom to Vote Act. Pass the John Lewis Voting Rights Act. And while you’re at it, pass the Disclose Act so Americans can know who is funding our elections.</p><p>Tonight, I’d like to honor someone who has dedicated his life to serve this country: Justice Stephen Breyer—an Army veteran, Constitutional scholar, and retiring Justice of the United States Supreme Court. Justice Breyer, thank you for your service.</p><p>One of the most serious constitutional responsibilities a President has is nominating someone to serve on the United States Supreme Court.</p><p>And I did that 4 days ago, when I nominated Circuit Court of Appeals Judge Ketanji Brown Jackson. One of our nation’s top legal minds, who will continue Justice Breyer’s legacy of excellence.</p><p>A former top litigator in private practice. A former federal public defender. And from a family of public school educators and police officers. A consensus builder. Since she’s been nominated, she’s received a broad range of support—from the Fraternal Order of Police to former judges appointed by Democrats and Republicans.</p><p>And if we are to advance liberty and justice, we need to secure the Border and fix the immigration system.</p><p>We can do both. At our border, we’ve installed new technology like cutting-edge scanners to better detect drug smuggling.</p><p>We’ve set up joint patrols with Mexico and Guatemala to catch more human traffickers.</p><p>We’re putting in place dedicated immigration judges so families fleeing persecution and violence can have their cases heard faster.</p><p>We’re securing commitments and supporting partners in South and Central America to host more refugees and secure their own borders.</p><p>We can do all this while keeping lit the torch of liberty that has led generations of immigrants to this land—my forefathers and so many of yours.</p><p>Provide a pathway to citizenship for Dreamers, those on temporary status, farm workers, and essential workers.</p><p>Revise our laws so businesses have the workers they need and families don’t wait decades to reunite.</p><p>It’s not only the right thing to do—it’s the economically smart thing to do.</p><p>That’s why immigration reform is supported by everyone from labor unions to religious leaders to the U.S. Chamber of Commerce.</p><p>Let’s get it done once and for all.</p><p>Advancing liberty and justice also requires protecting the rights of women.</p><p>The constitutional right affirmed in Roe v. Wade—standing precedent for half a century—is under attack as never before.</p><p>If we want to go forward—not backward—we must protect access to health care. Preserve a woman’s right to choose. And let’s continue to advance maternal health care in America.</p><p>And for our LGBTQ+ Americans, let’s finally get the bipartisan Equality Act to my desk. The onslaught of state laws targeting transgender Americans and their families is wrong.</p><p>As I said last year, especially to our younger transgender Americans, I will always have your back as your President, so you can be yourself and reach your God-given potential.</p><p>While it often appears that we never agree, that isn’t true. I signed 80 bipartisan bills into law last year. From preventing government shutdowns to protecting Asian-Americans from still-too-common hate crimes to reforming military justice.</p><p>And soon, we’ll strengthen the Violence Against Women Act that I first wrote three decades ago. It is important for us to show the nation that we can come together and do big things.</p><p>So tonight I’m offering a Unity Agenda for the Nation. Four big things we can do together.</p><p>First, beat the opioid epidemic.</p><p>There is so much we can do. Increase funding for prevention, treatment, harm reduction, and recovery.</p><p>Get rid of outdated rules that stop doctors from prescribing treatments. And stop the flow of illicit drugs by working with state and local law enforcement to go after traffickers.</p><p>If you’re suffering from addiction, know you are not alone. I believe in recovery, and I celebrate the 23 million Americans in recovery.</p><p>Second, let’s take on mental health. Especially among our children, whose lives and education have been turned upside down.</p><p>The American Rescue Plan gave schools money to hire teachers and help students make up for lost learning.</p><p>I urge every parent to make sure your school does just that. And we can all play a part—sign up to be a tutor or a mentor.</p><p>Children were also struggling before the pandemic. Bullying, violence, trauma, and the harms of social media.</p><p>As Frances Haugen, who is here with us tonight, has shown, we must hold social media platforms accountable for the national experiment they’re conducting on our children for profit.</p><p>It’s time to strengthen privacy protections, ban targeted advertising to children, demand tech companies stop collecting personal data on our children.</p><p>And let’s get all Americans the mental health services they need. More people they can turn to for help, and full parity between physical and mental health care.</p><p>Third, support our veterans.</p><p>Veterans are the best of us.</p><p>I’ve always believed that we have a sacred obligation to equip all those we send to war and care for them and their families when they come home.</p><p>My administration is providing assistance with job training and housing, and now helping lower-income veterans get VA care debt-free.</p><p>Our troops in Iraq and Afghanistan faced many dangers.</p><p>One was stationed at bases and breathing in toxic smoke from “burn pits” that incinerated wastes of war—medical and hazard material, jet fuel, and more.</p><p>When they came home, many of the world’s fittest and best trained warriors were never the same.</p><p>Headaches. Numbness. Dizziness.</p><p>A cancer that would put them in a flag-draped coffin.</p><p>I know.</p><p>One of those soldiers was my son Major Beau Biden.</p><p>We don’t know for sure if a burn pit was the cause of his brain cancer, or the diseases of so many of our troops.</p><p>But I’m committed to finding out everything we can.</p><p>Committed to military families like Danielle Robinson from Ohio.</p><p>The widow of Sergeant First Class Heath Robinson.</p><p>He was born a soldier. Army National Guard. Combat medic in Kosovo and Iraq.</p><p>Stationed near Baghdad, just yards from burn pits the size of football fields.</p><p>Heath’s widow Danielle is here with us tonight. They loved going to Ohio State football games. He loved building Legos with their daughter.</p><p>But cancer from prolonged exposure to burn pits ravaged Heath’s lungs and body.</p><p>Danielle says Heath was a fighter to the very end.</p><p>He didn’t know how to stop fighting, and neither did she.</p><p>Through her pain she found purpose to demand we do better.</p><p>Tonight, Danielle—we are.</p><p>The VA is pioneering new ways of linking toxic exposures to diseases, already helping more veterans get benefits.</p><p>And tonight, I’m announcing we’re expanding eligibility to veterans suffering from nine respiratory cancers.</p><p>I’m also calling on Congress: pass a law to make sure veterans devastated by toxic exposures in Iraq and Afghanistan finally get the benefits and comprehensive health care they deserve.</p><p>And fourth, let’s end cancer as we know it.</p><p>This is personal to me and Jill, to Kamala, and to so many of you.</p><p>Cancer is the #2 cause of death in America–second only to heart disease.</p><p>Last month, I announced our plan to supercharge</p><p>the Cancer Moonshot that President Obama asked me to lead six years ago.</p><p>Our goal is to cut the cancer death rate by at least 50% over the next 25 years, turn more cancers from death sentences into treatable diseases.</p><p>More support for patients and families.</p><p>To get there, I call on Congress to fund ARPA-H, the Advanced Research Projects Agency for Health.</p><p>It’s based on DARPA—the Defense Department project that led to the Internet, GPS, and so much more.</p><p>ARPA-H will have a singular purpose—to drive breakthroughs in cancer, Alzheimer’s, diabetes, and more.</p><p>A unity agenda for the nation.</p><p>We can do this.</p><p>My fellow Americans—tonight , we have gathered in a sacred space—the citadel of our democracy.</p><p>In this Capitol, generation after generation, Americans have debated great questions amid great strife, and have done great things.</p><p>We have fought for freedom, expanded liberty, defeated totalitarianism and terror.</p><p>And built the strongest, freest, and most prosperous nation the world has ever known.</p><p>Now is the hour.</p><p>Our moment of responsibility.</p><p>Our test of resolve and conscience, of history itself.</p><p>It is in this moment that our character is formed. Our purpose is found. Our future is forged.</p><p>Well I know this nation.</p><p>We will meet the test.</p><p>To protect freedom and liberty, to expand fairness and opportunity.</p><p>We will save democracy.</p><p>As hard as these times have been, I am more optimistic about America today than I have been my whole life.</p><p>Because I see the future that is within our grasp.</p><p>Because I know there is simply nothing beyond our capacity.</p><p>We are the only nation on Earth that has always turned every crisis we have faced into an opportunity.</p><p>The only nation that can be defined by a single word: possibilities.</p><p>So on this night, in our 245th year as a nation, I have come to report on the State of the Union.</p><p>And my report is this: the State of the Union is strong—because you, the American people, are strong.</p><p>We are stronger today than we were a year ago.</p><p>And we will be stronger a year from now than we are today.</p><p>Now is our moment to meet and overcome the challenges of our time.</p><p>And we will, as one people.</p><p>One America.</p><p>The United States of America.</p><p>May God bless you all. May God protect our troops.</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>Biden’s First State of the Union Address: Inflation, Russia-Ukraine Conflict, Covid in Focus</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ 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}\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\">\nBiden’s First State of the Union Address: Inflation, Russia-Ukraine Conflict, Covid in Focus\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-02 14:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/state-of-the-union-heres-the-full-text-of-bidens-speech-11646187634?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Inflation, Russia-Ukraine conflict, COVID in focus in president’s first State of the Union addressPresident Joe Biden delivers the State of the Union address during a joint session of Congress in the ...</p>\n\n<a href=\"https://www.marketwatch.com/story/state-of-the-union-heres-the-full-text-of-bidens-speech-11646187634?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":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.marketwatch.com/story/state-of-the-union-heres-the-full-text-of-bidens-speech-11646187634?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2216251491","content_text":"Inflation, Russia-Ukraine conflict, COVID in focus in president’s first State of the Union addressPresident Joe Biden delivers the State of the Union address during a joint session of Congress in the U.S. Capitol’s House Chamber on March 01, 2022 in Washington.Here is the full text, as prepared for delivery, of President Joe Biden’s first State of the Union address, as released Tuesday by the White House.Madam Speaker, Madam Vice President, our First Lady and Second Gentleman. Members of Congress and the Cabinet. Justices of the Supreme Court. My fellow Americans.Last year COVID-19 kept us apart. This year we are finally together again.Tonight, we meet as Democrats Republicans and Independents. But most importantly as Americans.With a duty to one another to the American people to the Constitution.And with an unwavering resolve that freedom will always triumph over tyranny.Six days ago, Russia’s Vladimir Putin sought to shake the foundations of the free world thinking he could make it bend to his menacing ways. But he badly miscalculated.He thought he could roll into Ukraine and the world would roll over. Instead he met a wall of strength he never imagined.He met the Ukrainian people.From President Zelenskyy to every Ukrainian, their fearlessness, their courage, their determination, inspires the world.Groups of citizens blocking tanks with their bodies. Everyone from students to retirees teachers turned soldiers defending their homeland.In this struggle as President Zelenskyy said in his speech to the European Parliament “Light will win over darkness.” The Ukrainian Ambassador to the United States is here tonight.Let each of us here tonight in this Chamber send an unmistakable signal to Ukraine and to the world.Please rise if you are able and show that, Yes, we the United States of America stand with the Ukrainian people.Throughout our history we’ve learned this lesson when dictators do not pay a price for their aggression they cause more chaos.They keep moving.And the costs and the threats to America and the world keep rising.That’s why the NATO Alliance was created to secure peace and stability in Europe after World War 2.The United States is a member along with 29 other nations.It matters. American diplomacy matters. American resolve matters.Putin’s latest attack on Ukraine was premeditated and unprovoked.He rejected repeated efforts at diplomacy.He thought the West and NATO wouldn’t respond. And he thought he could divide us at home. Putin was wrong. We were ready.  Here is what we did.We prepared extensively and carefully.We spent months building a coalition of other freedom-loving nations from Europe and the Americas to Asia and Africa to confront Putin.I spent countless hours unifying our European allies. We shared with the world in advance what we knew Putin was planning and precisely how he would try to falsely justify his aggression.We countered Russia’s lies with truth.And now that he has acted the free world is holding him accountable.Along with twenty-seven members of the European Union including France, Germany, Italy, as well as countries like the United Kingdom, Canada, Japan, Korea, Australia, New Zealand, and many others, even Switzerland.We are inflicting pain on Russia and supporting the people of Ukraine. Putin is now isolated from the world more than ever.Together with our allies –we are right now enforcing powerful economic sanctions.We are cutting off Russia’s largest banks from the international financial system.Preventing Russia’s central bank from defending the Russian Ruble making Putin’s $630 Billion “war fund” worthless.We are choking off Russia’s access to technology that will sap its economic strength and weaken its military for years to come.Tonight I say to the Russian oligarchs and corrupt leaders who have bilked billions of dollars off this violent regime no more.The U.S. Department of Justice is assembling a dedicated task force to go after the crimes of Russian oligarchs.We are joining with our European allies to find and seize your yachts your luxury apartments your private jets. We are coming for your ill-begotten gains.And tonight I am announcing that we will join our allies in closing off American air space to all Russian flights – further isolating Russia – and adding an additional squeeze –on their economy. The Ruble has lost 30% of its value.The Russian stock market has lost 40% of its value and trading remains suspended. Russia’s economy is reeling and Putin alone is to blame.Together with our allies we are providing support to the Ukrainians in their fight for freedom. Military assistance. Economic assistance. Humanitarian assistance.We are giving more than $1 Billion in direct assistance to Ukraine.And we will continue to aid the Ukrainian people as they defend their country and to help ease their suffering.Let me be clear, our forces are not engaged and will not engage in conflict with Russian forces in Ukraine.Our forces are not going to Europe to fight in Ukraine, but to defend our NATO Allies – in the event that Putin decides to keep moving west.For that purpose we’ve mobilized American ground forces, air squadrons, and ship deployments to protect NATO countries including Poland, Romania, Latvia, Lithuania, and Estonia.As I have made crystal clear the United States and our Allies will defend every inch of territory of NATO countries with the full force of our collective power.And we remain clear-eyed. The Ukrainians are fighting back with pure courage. But the next few days weeks, months, will be hard on them.Putin has unleashed violence and chaos.  But while he may make gains on the battlefield – he will pay a continuing high price over the long run.And a proud Ukrainian people, who have known 30 years  of independence, have repeatedly shown that they will not tolerate anyone who tries to take their country backwards.To all Americans, I will be honest with you, as I’ve always promised. A Russian dictator, invading a foreign country, has costs around the world.And I’m taking robust action to make sure the pain of our sanctions  is targeted at Russia’s economy. And I will use every tool at our disposal to protect American businesses and consumers.Tonight, I can announce that the United States has worked with 30 other countries to release 60 Million barrels of oil from reserves around the world.America will lead that effort, releasing 30 Million barrels from our own Strategic Petroleum Reserve. And we stand ready to do more if necessary, unified with our allies.These steps will help blunt gas prices here at home. And I know the news about what’s happening can seem alarming.But I want you to know that we are going to be okay.When the history of this era is written Putin’s war on Ukraine will have left Russia weaker and the rest of the world stronger.While it shouldn’t have taken something so terrible for people around the world to see what’s at stake now everyone sees it clearly.We see the unity among leaders of nations and a more unified Europe a more unified West. And we see unity among the people who are gathering in cities in large crowds around the world even in Russia to demonstrate their support for Ukraine.In the battle between democracy and autocracy, democracies are rising to the moment, and the world is clearly choosing the side of peace and security.This is a real test. It’s going to take time. So let us continue to draw inspiration from the iron will of the Ukrainian people.To our fellow Ukrainian Americans who forge a deep bond that connects our two nations we stand with you.Putin may circle Kyiv with tanks, but he will never gain the hearts and souls of the Ukrainian people.He will never extinguish their love of freedom. He will never weaken the resolve of the free world.We meet tonight in an America that has lived through two of the hardest years this nation has ever faced.The pandemic has been punishing.And so many families are living paycheck to paycheck, struggling to keep up with the rising cost of food, gas, housing, and so much more.I understand.I remember when my Dad had to leave our home in Scranton, Pennsylvania to find work. I grew up in a family where if the price of food went up, you felt it.That’s why one of the first things I did as President was fight to pass the American Rescue Plan.Because people were hurting. We needed to act, and we did.Few pieces of legislation have done more in a critical moment in our history to lift us out of crisis.It fueled our efforts to vaccinate the nation and combat COVID-19. It delivered immediate economic relief for tens of millions of Americans.Helped put food on their table, keep a roof over their heads, and cut the cost of health insurance.And as my Dad used to say, it gave people a little breathing room.And unlike the $2 Trillion tax cut passed in the previous administration that benefitted the top 1% of Americans, the American Rescue Plan helped working people—and left no one behind.And it worked. It created jobs. Lots of jobs.In fact—our economy created over 6.5 Million new jobs just last year, more jobs created in one yearthan ever before in the history of America.Our economy grew at a rate of 5.7% last year, the strongest growth in nearly 40 years, the first step in bringing fundamental change to an economy that hasn’t worked for the working people of this nation for too long.For the past 40 years we were told that if we gave tax breaks to those at the very top, the benefits would trickle down to everyone else.But that trickle-down theory led to weaker economic growth, lower wages, bigger deficits, and the widest gap between those at the top and everyone else in nearly a century.Vice President Harris and I ran for office with a new economic vision for America.Invest in America. Educate Americans. Grow the workforce. Build the economy from the bottom upand the middle out, not from the top down.Because we know that when the middle class grows, the poor have a ladder up and the wealthy do very well.America used to have the best roads, bridges, and airports on Earth.Now our infrastructure is ranked 13th in the world.We won’t be able to compete for the jobs of the 21st Century if we don’t fix that.That’s why it was so important to pass the Bipartisan Infrastructure Law—the most sweeping investment to rebuild America in history.This was a bipartisan effort, and I want to thank the members of both parties who worked to make it happen.We’re done talking about infrastructure weeks.We’re going to have an infrastructure decade.It is going to transform America and put us on a path to win the economic competition of the 21st Century that we face with the rest of the world—particularly with China.As I’ve told Xi Jinping, it is never a good bet to bet against the American people.We’ll create good jobs for millions of Americans, modernizing roads, airports, ports, and waterways all across America.And we’ll do it all to withstand the devastating effects of the climate crisis and promote environmental justice.We’ll build a national network of 500,000 electric vehicle charging stations, begin to replace poisonous lead pipes—so every child—and every American—has clean water to drink at home and at school, provide affordable high-speed internet for every American—urban, suburban, rural, and tribal communities.4,000 projects have already been announced.And tonight, I’m announcing that this year we will start fixing over 65,000 miles of highway and 1,500 bridges in disrepair.When we use taxpayer dollars to rebuild America – we are going to Buy American: buy American products to support American jobs.The federal government spends about $600 Billion a year to keep the country safe and secure.There’s been a law on the books for almost a centuryto make sure taxpayers’ dollars support American jobs and businesses.Every Administration says they’ll do it, but we are actually doing it.We will buy American to make sure everything from the deck of an aircraft carrier to the steel on highway guardrails are made in America.But to compete for the best jobs of the future, we also need to level the playing field with China and other competitors.That’s why it is so important to pass the Bipartisan Innovation Act sitting in Congress that will make record investments in emerging technologies and American manufacturing.Let me give you one example of why it’s so important to pass it.If you travel 20 miles east of Columbus, Ohio, you’ll find 1,000 empty acres of land.It won’t look like much, but if you stop and look closely, you’ll see a “Field of dreams,” the ground on which America’s future will be built.This is where Intel, the American company that helped build Silicon Valley, is going to build its $20 billion semiconductor “mega site”.Up to eight state-of-the-art factories in one place. 10,000 new good-paying jobs.Some of the most sophisticated manufacturing in the world to make computer chips the size of a fingertip that power the world and our everyday lives.Smartphones. The Internet. Technology we have yet to invent.But that’s just the beginning.Intel’s CEO, Pat Gelsinger, who is here tonight, told me they are ready to increase their investment from$20 billion to $100 billion.That would be one of the biggest investments in manufacturing in American history.And all they’re waiting for is for you to pass this bill.So let’s not wait any longer. Send it to my desk. I’ll sign it.And we will really take off.And Intel is not alone.There’s something happening in America.Just look around and you’ll see an amazing story.The rebirth of the pride that comes from stamping products “Made In America.” The revitalization of American manufacturing.Companies are choosing to build new factories here, when just a few years ago, they would have built them overseas.That’s what is happening. Ford is investing $11 billion to build electric vehicles, creating 11,000 jobs across the country.GM is making the largest investment in its history—$7 billion to build electric vehicles, creating 4,000 jobs in Michigan.All told, we created 369,000 new manufacturing jobs in America just last year.Powered by people I’ve met like JoJo Burgess, from generations of union steelworkers from Pittsburgh, who’s here with us tonight.As Ohio Senator Sherrod Brown says, “It’s time to bury the label “Rust Belt.”It’s time.But with all the bright spots in our economy, record job growth and higher wages, too many families are struggling to keep up with the bills.Inflation is robbing them of the gains they might otherwise feel.I get it. That’s why my top priority is getting prices under control.Look, our economy roared back faster than most predicted, but the pandemic meant that businesses had a hard time hiring enough workers to keep up production in their factories.The pandemic also disrupted global supply chains.When factories close, it takes longer to make goods and get them from the warehouse to the store, and prices go up.Look at cars.Last year, there weren’t enough semiconductors to make all the cars that people wanted to buy.And guess what, prices of automobiles went up.So—we have a choice.One way to fight inflation is to drive down wages and make Americans poorer.I have a better plan to fight inflation.Lower your costs, not your wages.Make more cars and semiconductors in America.More infrastructure and innovation in America.More goods moving faster and cheaper in America.More jobs where you can earn a good living in America.And instead of relying on foreign supply chains, let’s make it in America.Economists call it “increasing the productive capacity of our economy.”I call it building a better America.My plan to fight inflation will lower your costs and lower the deficit.17 Nobel laureates in economics say my plan will ease long-term inflationary pressures. Top business leaders and most Americans support my plan. And here’s the plan:First – cut the cost of prescription drugs. Just look at insulin. One in ten Americans has diabetes. In Virginia, I met a 13-year-old boy named Joshua Davis.He and his Dad both have Type 1 diabetes, which means they need insulin every day. Insulin costs about $10 a vial to make.But drug companies charge families like Joshua and his Dad up to 30 times more. I spoke with Joshua’s mom.Imagine what it’s like to look at your child who needs insulin and have no idea how you’re going to pay for it.What it does to your dignity, your ability to look your child in the eye, to be the parent you expect to be.Joshua is here with us tonight. Yesterday was his birthday. Happy birthday, buddy.For Joshua, and for the 200,000 other young people with Type 1 diabetes, let’s cap the cost of insulin at $35 a month so everyone can afford it.Drug companies will still do very well. And while we’re at it let Medicare negotiate lower prices for prescription drugs, like the VA already does.Look, the American Rescue Plan is helping millions of families on Affordable Care Act plans save $2,400 a year on their health care premiums. Let’s close the coverage gap and make those savings permanent.Second – cut energy costs for families an average of $500 a year by combatting climate change.Let’s provide investments and tax credits to weatherize your homes and businesses to be energy efficient and you get a tax credit; double America’s clean energy production in solar, wind, and so much more;  lower the price of electric vehicles, saving you another $80 a month because you’ll never have to pay at the gas pump again.Third – cut the cost of child care. Many families pay up to $14,000 a year for child care per child.Middle-class and working families shouldn’t have to pay more than 7% of their income for care of young children.My plan will cut the cost in half for most families and help parents, including millions of women, who left the workforce during the pandemic because they couldn’t afford child care, to be able to get back to work.My plan doesn’t stop there. It also includes home and long-term care. More affordable housing. And Pre-K for every 3- and 4-year-old.All of these will lower costs.And under my plan, nobody earning less than $400,000 a year will pay an additional penny in new taxes. Nobody.The one thing all Americans agree on is that the tax system is not fair. We have to fix it.I’m not looking to punish anyone. But let’s make sure corporations and the wealthiest Americans start paying their fair share.Just last year, 55 Fortune 500 corporations earned $40 billion in profits and paid zero dollars in federal income tax.That’s simply not fair. That’s why I’ve proposed a 15% minimum tax rate for corporations.We got more than 130 countries to agree on a global minimum tax rate so companies can’t get out of paying their taxes at home by shipping jobs and factories overseas.That’s why I’ve proposed closing loopholes so the very wealthy don’t pay a lower tax rate than a teacher or a firefighter.So that’s my plan. It will grow the economy and lower costs for families.So what are we waiting for? Let’s get this done. And while you’re at it, confirm my nominees to the Federal Reserve, which plays a critical role in fighting inflation.My plan will not only lower costs to give families a fair shot, it will lower the deficit.The previous Administration not only ballooned the deficit with tax cuts for the very wealthy and corporations, it undermined the watchdogs whose job was to keep pandemic relief funds from being wasted.But in my administration, the watchdogs have been welcomed back.We’re going after the criminals who stole billions in relief money meant for small businesses and millions of Americans.And tonight, I’m announcing that the Justice Department will name a chief prosecutor for pandemic fraud.By the end of this year, the deficit will be down to less than half what it was before I took office.The only president ever to cut the deficit by more than one trillion dollars in a single year.Lowering your costs also means demanding more competition.I’m a capitalist, but capitalism without competition isn’t capitalism.It’s exploitation—and it drives up prices.When corporations don’t have to compete, their profits go up, your prices go up, and small businesses and family farmers and ranchers go under.We see it happening with ocean carriers moving goods in and out of America.During the pandemic, these foreign-owned companies raised prices by as much as 1,000% and made record profits.Tonight, I’m announcing a crackdown on these companies overcharging American businesses and consumers.And as Wall Street firms take over more nursing homes, quality in those homes has gone down and costs have gone up.That ends on my watch.Medicare is going to set higher standards for nursing homes and make sure your loved ones get the care they deserve and expect.We’ll also cut costs and keep the economy going strong by giving workers a fair shot, provide more training and apprenticeships, hire them based on their skills not degrees.Let’s pass the Paycheck Fairness Act and paid leave.Raise the minimum wage to $15 an hour and extend the Child Tax Credit, so no one has to raise a family in poverty.Let’s increase Pell Grants and increase our historic support of HBCUs, and invest in what Jill—our First Lady who teaches full-time—calls America’s best-kept secret: community colleges.And let’s pass the PRO Act when a majority of workers want to form a union—they shouldn’t be stopped.When we invest in our workers, when we build the economy from the bottom up and the middle out together, we can do something we haven’t done in a long time: build a better America.For more than two years, COVID-19 has impacted every decision in our lives and the life of the nation.And I know you’re tired, frustrated, and exhausted.But I also know this.Because of the progress we’ve made, because of your resilience and the tools we have, tonight I can saywe are moving forward safely, back to more normal routines.We’ve reached a new moment in the fight against COVID-19, with severe cases down to a level not seen since last July.Just a few days ago, the Centers for Disease Control and Prevention—the CDC—issued new mask guidelines.Under these new guidelines, most Americans in most of the country can now be mask free.And based on the projections, more of the country will reach that point across the next couple of weeks.Thanks to the progress we have made this past year, COVID-19 need no longer control our lives.I know some are talking about “living with COVID-19”. Tonight – I say that we will never just accept living with COVID-19.We will continue to combat the virus as we do other diseases. And because this is a virus that mutates and spreads, we will stay on guard.Here are four common sense steps as we move forward safely.First, stay protected with vaccines and treatments. We know how incredibly effective vaccines are. If you’re vaccinated and boosted you have the highest degree of protection.We will never give up on vaccinating more Americans. Now, I know parents with kids under 5 are eager to see a vaccine authorized for their children.The scientists are working hard to get that done and we’ll be ready with plenty of vaccines when they do.We’re also ready with anti-viral treatments. If you get COVID-19, the Pfizer pill reduces your chances of ending up in the hospital by 90%.We’ve ordered more of these pills than anyone in the world. And Pfizer is working overtime to get us 1 Million pills this month and more than double that next month.And we’re launching the “Test to Treat” initiative so people can get tested at a pharmacy, and if they’re positive, receive antiviral pills on the spot at no cost.If you’re immunocompromised or have some other vulnerability, we have treatments and free high-quality masks.We’re leaving no one behind or ignoring anyone’s needs as we move forward.And on testing, we have made hundreds of millions of tests available for you to order for free.Even if you already ordered free tests tonight, I am announcing that you can order more from covidtests.gov starting next week.Second – we must prepare for new variants. Over the past year, we’ve gotten much better at detecting new variants.If necessary, we’ll be able to deploy new vaccines within 100 days instead of many more months or years.And, if Congress provides the funds we need, we’ll have new stockpiles of tests, masks, and pills ready if needed.I cannot promise a new variant won’t come. But I can promise you we’ll do everything within our power to be ready if it does.Third – we can end the shutdown of schools and businesses. We have the tools we need.It’s time for Americans to get back to work and fill our great downtowns again.  People working from home can feel safe to begin to return to the office.We’re doing that here in the federal government. The vast majority of federal workers will once again work in person.Our schools are open. Let’s keep it that way. Our kids need to be in school.And with 75% of adult Americans fully vaccinated and hospitalizations down by 77%, most Americans can remove their masks, return to work, stay in the classroom, and move forward safely.We achieved this because we provided free vaccines, treatments, tests, and masks.Of course, continuing this costs money.I will soon send Congress a request.The vast majority of Americans have used these tools and may want to again, so I expect Congress to pass it quickly.Fourth, we will continue vaccinating the world.We’ve sent 475 Million vaccine doses to 112 countries, more than any other nation.And we won’t stop.We have lost so much to COVID-19. Time with one another. And worst of all, so much loss of life.Let’s use this moment to reset. Let’s stop looking at COVID-19 as a partisan dividing line and see it for what it is: A God-awful disease.Let’s stop seeing each other as enemies, and start seeing each other for who we really are: Fellow Americans.We can’t change how divided we’ve been. But we can change how we move forward—on COVID-19 and other issues we must face together.I recently visited the New York City Police Department days after the funerals of Officer Wilbert Mora and his partner, Officer Jason Rivera.They were responding to a 9-1-1 call when a man shot and killed them with a stolen gun.Officer Mora was 27 years old.Officer Rivera was 22.Both Dominican Americans who’d grown up on the same streets they later chose to patrol as police officers.I spoke with their families and told them that we are forever in debt for their sacrifice, and we will carry on their mission to restore the trust and safety every community deserves.I’ve worked on these issues a long time.I know what works: Investing in crime preventionand community police officers who’ll walk the beat, who’ll know the neighborhood, and who can restore trust and safety.So let’s not abandon our streets. Or choose between safety and equal justice.Let’s come together to protect our communities, restore trust, and hold law enforcement accountable.That’s why the Justice Department required body cameras, banned chokeholds, and restricted no-knock warrants for its officers.That’s why the American Rescue Plan provided $350 Billion that cities, states, and counties can use to hire more police and invest in proven strategies like community violence interruption—trusted messengers breaking the cycle of violence and trauma and giving young people hope.We should all agree: The answer is not to Defund the police. The answer is to FUND the police with the resources and training they need to protect our communities.I ask Democrats and Republicans alike: Pass my budget and keep our neighborhoods safe.And I will keep doing everything in my power to crack down on gun trafficking and ghost guns you can buy online and make at home—they have no serial numbers and can’t be traced.And I ask Congress to pass proven measures to reduce gun violence. Pass universal background checks. Why should anyone on a terrorist list be able to purchase a weapon?Ban assault weapons and high-capacity magazines.Repeal the liability shield that makes gun manufacturers the only industry in America that can’t be sued.These laws don’t infringe on the Second Amendment. They save lives.The most fundamental right in America is the right to vote – and to have it counted. And it’s under assault.In state after state, new laws have been passed, not only to suppress the vote, but to subvert entire elections.We cannot let this happen.Tonight. I call on the Senate to: Pass the Freedom to Vote Act. Pass the John Lewis Voting Rights Act. And while you’re at it, pass the Disclose Act so Americans can know who is funding our elections.Tonight, I’d like to honor someone who has dedicated his life to serve this country: Justice Stephen Breyer—an Army veteran, Constitutional scholar, and retiring Justice of the United States Supreme Court. Justice Breyer, thank you for your service.One of the most serious constitutional responsibilities a President has is nominating someone to serve on the United States Supreme Court.And I did that 4 days ago, when I nominated Circuit Court of Appeals Judge Ketanji Brown Jackson. One of our nation’s top legal minds, who will continue Justice Breyer’s legacy of excellence.A former top litigator in private practice. A former federal public defender. And from a family of public school educators and police officers. A consensus builder. Since she’s been nominated, she’s received a broad range of support—from the Fraternal Order of Police to former judges appointed by Democrats and Republicans.And if we are to advance liberty and justice, we need to secure the Border and fix the immigration system.We can do both. At our border, we’ve installed new technology like cutting-edge scanners to better detect drug smuggling.We’ve set up joint patrols with Mexico and Guatemala to catch more human traffickers.We’re putting in place dedicated immigration judges so families fleeing persecution and violence can have their cases heard faster.We’re securing commitments and supporting partners in South and Central America to host more refugees and secure their own borders.We can do all this while keeping lit the torch of liberty that has led generations of immigrants to this land—my forefathers and so many of yours.Provide a pathway to citizenship for Dreamers, those on temporary status, farm workers, and essential workers.Revise our laws so businesses have the workers they need and families don’t wait decades to reunite.It’s not only the right thing to do—it’s the economically smart thing to do.That’s why immigration reform is supported by everyone from labor unions to religious leaders to the U.S. Chamber of Commerce.Let’s get it done once and for all.Advancing liberty and justice also requires protecting the rights of women.The constitutional right affirmed in Roe v. Wade—standing precedent for half a century—is under attack as never before.If we want to go forward—not backward—we must protect access to health care. Preserve a woman’s right to choose. And let’s continue to advance maternal health care in America.And for our LGBTQ+ Americans, let’s finally get the bipartisan Equality Act to my desk. The onslaught of state laws targeting transgender Americans and their families is wrong.As I said last year, especially to our younger transgender Americans, I will always have your back as your President, so you can be yourself and reach your God-given potential.While it often appears that we never agree, that isn’t true. I signed 80 bipartisan bills into law last year. From preventing government shutdowns to protecting Asian-Americans from still-too-common hate crimes to reforming military justice.And soon, we’ll strengthen the Violence Against Women Act that I first wrote three decades ago. It is important for us to show the nation that we can come together and do big things.So tonight I’m offering a Unity Agenda for the Nation. Four big things we can do together.First, beat the opioid epidemic.There is so much we can do. Increase funding for prevention, treatment, harm reduction, and recovery.Get rid of outdated rules that stop doctors from prescribing treatments. And stop the flow of illicit drugs by working with state and local law enforcement to go after traffickers.If you’re suffering from addiction, know you are not alone. I believe in recovery, and I celebrate the 23 million Americans in recovery.Second, let’s take on mental health. Especially among our children, whose lives and education have been turned upside down.The American Rescue Plan gave schools money to hire teachers and help students make up for lost learning.I urge every parent to make sure your school does just that. And we can all play a part—sign up to be a tutor or a mentor.Children were also struggling before the pandemic. Bullying, violence, trauma, and the harms of social media.As Frances Haugen, who is here with us tonight, has shown, we must hold social media platforms accountable for the national experiment they’re conducting on our children for profit.It’s time to strengthen privacy protections, ban targeted advertising to children, demand tech companies stop collecting personal data on our children.And let’s get all Americans the mental health services they need. More people they can turn to for help, and full parity between physical and mental health care.Third, support our veterans.Veterans are the best of us.I’ve always believed that we have a sacred obligation to equip all those we send to war and care for them and their families when they come home.My administration is providing assistance with job training and housing, and now helping lower-income veterans get VA care debt-free.Our troops in Iraq and Afghanistan faced many dangers.One was stationed at bases and breathing in toxic smoke from “burn pits” that incinerated wastes of war—medical and hazard material, jet fuel, and more.When they came home, many of the world’s fittest and best trained warriors were never the same.Headaches. Numbness. Dizziness.A cancer that would put them in a flag-draped coffin.I know.One of those soldiers was my son Major Beau Biden.We don’t know for sure if a burn pit was the cause of his brain cancer, or the diseases of so many of our troops.But I’m committed to finding out everything we can.Committed to military families like Danielle Robinson from Ohio.The widow of Sergeant First Class Heath Robinson.He was born a soldier. Army National Guard. Combat medic in Kosovo and Iraq.Stationed near Baghdad, just yards from burn pits the size of football fields.Heath’s widow Danielle is here with us tonight. They loved going to Ohio State football games. He loved building Legos with their daughter.But cancer from prolonged exposure to burn pits ravaged Heath’s lungs and body.Danielle says Heath was a fighter to the very end.He didn’t know how to stop fighting, and neither did she.Through her pain she found purpose to demand we do better.Tonight, Danielle—we are.The VA is pioneering new ways of linking toxic exposures to diseases, already helping more veterans get benefits.And tonight, I’m announcing we’re expanding eligibility to veterans suffering from nine respiratory cancers.I’m also calling on Congress: pass a law to make sure veterans devastated by toxic exposures in Iraq and Afghanistan finally get the benefits and comprehensive health care they deserve.And fourth, let’s end cancer as we know it.This is personal to me and Jill, to Kamala, and to so many of you.Cancer is the #2 cause of death in America–second only to heart disease.Last month, I announced our plan to superchargethe Cancer Moonshot that President Obama asked me to lead six years ago.Our goal is to cut the cancer death rate by at least 50% over the next 25 years, turn more cancers from death sentences into treatable diseases.More support for patients and families.To get there, I call on Congress to fund ARPA-H, the Advanced Research Projects Agency for Health.It’s based on DARPA—the Defense Department project that led to the Internet, GPS, and so much more.ARPA-H will have a singular purpose—to drive breakthroughs in cancer, Alzheimer’s, diabetes, and more.A unity agenda for the nation.We can do this.My fellow Americans—tonight , we have gathered in a sacred space—the citadel of our democracy.In this Capitol, generation after generation, Americans have debated great questions amid great strife, and have done great things.We have fought for freedom, expanded liberty, defeated totalitarianism and terror.And built the strongest, freest, and most prosperous nation the world has ever known.Now is the hour.Our moment of responsibility.Our test of resolve and conscience, of history itself.It is in this moment that our character is formed. Our purpose is found. Our future is forged.Well I know this nation.We will meet the test.To protect freedom and liberty, to expand fairness and opportunity.We will save democracy.As hard as these times have been, I am more optimistic about America today than I have been my whole life.Because I see the future that is within our grasp.Because I know there is simply nothing beyond our capacity.We are the only nation on Earth that has always turned every crisis we have faced into an opportunity.The only nation that can be defined by a single word: possibilities.So on this night, in our 245th year as a nation, I have come to report on the State of the Union.And my report is this: the State of the Union is strong—because you, the American people, are strong.We are stronger today than we were a year ago.And we will be stronger a year from now than we are today.Now is our moment to meet and overcome the challenges of our time.And we will, as one people.One America.The United States of America.May God bless you all. May God protect our troops.","news_type":1},"isVote":1,"tweetType":1,"viewCount":347,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9033759795,"gmtCreate":1646362979707,"gmtModify":1676534122508,"author":{"id":"4106778855791490","authorId":"4106778855791490","name":"Lin_H","avatar":"https://community-static.tradeup.com/news/4fedbac51d28d3004e4ead721c7d35fa","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4106778855791490","authorIdStr":"4106778855791490"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9033759795","repostId":"2216416439","repostType":4,"repost":{"id":"2216416439","pubTimestamp":1646342215,"share":"https://ttm.financial/m/news/2216416439?lang=&edition=fundamental","pubTime":"2022-03-04 05:16","market":"us","language":"en","title":"Wall Street Ends Lower as War in Ukraine Stirs Uncertainty","url":"https://stock-news.laohu8.com/highlight/detail?id=2216416439","media":"Reuters","summary":"March 3 (Reuters) - Wall Street ended lower on Thursday, with growth stocks including Tesla and Amazon denting the Nasdaq, as the Ukraine crisis kept investors on edge.Tesla dropped 4.6% and Amazon lo","content":"<html><head></head><body><p>March 3 (Reuters) - Wall Street ended lower on Thursday, with growth stocks including Tesla and Amazon denting the Nasdaq, as the Ukraine crisis kept investors on edge.</p><p>Tesla dropped 4.6% and Amazon lost 2.7%, both contributing more than any other stocks to the Nasdaq&#39;s steep decline.</p><p>The S&amp;P 500 growth index dipped 1.1% while the value index edged up 0.1%.</p><p>Reflecting a defensive mood on Wall Street, the S&amp;P 500 utilities index rallied 1.7% and real estate climbed 1.1%.</p><p>With Russia&#39;s invasion of Ukraine now a week in, hundreds of Russian soldiers and Ukrainian civilians have been killed, and Russia itself has been plunged into isolation.</p><p>&#34;The market is entirely locked on what this geopolitical turmoil looks like,&#34; said Ross Mayfield, an investment strategist at Baird in Louisville, Kentucky. &#34;Volatility is likely to remain for probably the near term, and maybe even the medium term, because I just don&#39;t see what an acceptable off ramp in the next couple of weeks for Ukraine or Putin.&#34;</p><p>Also, soaring prices of oil and other commodities have stoked fears that recent high inflation could combine with stagnant economic growth, making it more difficult for the Federal Reserve and other major central banks to manage interest rates.</p><p>The percentage of fund managers who expect so-called stagflation within the next 12 months stood at 30%, compared with 22% last month, a survey from BofA Global Research showed.</p><p>Wall Street surged in the previous session after Fed Chair Jerome Powell said he would back a quarter point rate increase at the March 15-16 meeting, assuaging some fears of a more aggressive hike.</p><p>&#34;We are going to stay in a tight range until we have the Fed meeting in two weeks because there&#39;s limited earnings,&#34; predicted Jay Hatfield, chief investment officer at Infrastructure Capital Management in New York.</p><p>&#34;There&#39;s no real reason to be long, unless, of course, there&#39;s some peace or stability in Ukraine, which doesn&#39;t seem likely.&#34;</p><p>The Dow Jones Industrial Average fell 0.29% to end at 33,794.66 points, while the S&amp;P 500 lost 0.53% to 4,363.49.</p><p>The Nasdaq Composite dropped 1.56% to 13,537.94.</p><p>Volume on U.S. exchanges was 12.6 billion shares, the lowest in six days, according to Refinitiv data.</p><p>Meanwhile, data showed a measure of U.S. services industry activity dropped to a <a href=\"https://laohu8.com/S/AONE.U\">one</a>-year low in February and employment contracted.</p><p>Kroger Co jumped almost 12% after the grocer forecast upbeat annual same-store sales and profit, encouraged by strong demand for its pick-up and delivery services and sustained home-cooking trends.</p><p>American Eagle Outfitters Inc slid 9.3% after the apparel chain forecast a decline in earnings for the first half of 2022.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 1.48-to-1 ratio; on Nasdaq, a 2.12-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 23 new 52-week highs and 5 new lows; the Nasdaq Composite recorded 45 new highs and 206 new lows. </p></body></html>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall Street Ends Lower as War in Ukraine Stirs Uncertainty</title>\n<style 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}\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street Ends Lower as War in Ukraine Stirs Uncertainty\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-04 05:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/us-stocks-wall-street-ends-211655064.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>March 3 (Reuters) - Wall Street ended lower on Thursday, with growth stocks including Tesla and Amazon denting the Nasdaq, as the Ukraine crisis kept investors on edge.Tesla dropped 4.6% and Amazon ...</p>\n\n<a href=\"https://finance.yahoo.com/news/us-stocks-wall-street-ends-211655064.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","BK4503":"景林资产持仓","BK4551":"寇图资本持仓","BK4122":"互联网与直销零售","UPRO":"三倍做多标普500ETF","BK4561":"索罗斯持仓","SH":"标普500反向ETF","BK4079":"房地产服务",".SPX":"S&P 500 Index","OEX":"标普100","BK4581":"高盛持仓","BK4504":"桥水持仓","IVV":"标普500指数ETF","TSLA":"特斯拉","SSO":"两倍做多标普500ETF","AMZN":"亚马逊","BK4548":"巴美列捷福持仓","OEF":"标普100指数ETF-iShares","SPXU":"三倍做空标普500ETF","BK4539":"次新股","BK4554":"元宇宙及AR概念","BK4532":"文艺复兴科技持仓","SPY":"标普500ETF","BK4507":"流媒体概念","BK4534":"瑞士信贷持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4566":"资本集团","COMP":"Compass, Inc.","SDS":"两倍做空标普500ETF","BK4524":"宅经济概念","BK4535":"淡马锡持仓","BK4527":"明星科技股","BK4559":"巴菲特持仓","BK4538":"云计算","BK4579":"人工智能","BK4550":"红杉资本持仓"},"source_url":"https://finance.yahoo.com/news/us-stocks-wall-street-ends-211655064.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2216416439","content_text":"March 3 (Reuters) - Wall Street ended lower on Thursday, with growth stocks including Tesla and Amazon denting the Nasdaq, as the Ukraine crisis kept investors on edge.Tesla dropped 4.6% and Amazon lost 2.7%, both contributing more than any other stocks to the Nasdaq's steep decline.The S&P 500 growth index dipped 1.1% while the value index edged up 0.1%.Reflecting a defensive mood on Wall Street, the S&P 500 utilities index rallied 1.7% and real estate climbed 1.1%.With Russia's invasion of Ukraine now a week in, hundreds of Russian soldiers and Ukrainian civilians have been killed, and Russia itself has been plunged into isolation.\"The market is entirely locked on what this geopolitical turmoil looks like,\" said Ross Mayfield, an investment strategist at Baird in Louisville, Kentucky. \"Volatility is likely to remain for probably the near term, and maybe even the medium term, because I just don't see what an acceptable off ramp in the next couple of weeks for Ukraine or Putin.\"Also, soaring prices of oil and other commodities have stoked fears that recent high inflation could combine with stagnant economic growth, making it more difficult for the Federal Reserve and other major central banks to manage interest rates.The percentage of fund managers who expect so-called stagflation within the next 12 months stood at 30%, compared with 22% last month, a survey from BofA Global Research showed.Wall Street surged in the previous session after Fed Chair Jerome Powell said he would back a quarter point rate increase at the March 15-16 meeting, assuaging some fears of a more aggressive hike.\"We are going to stay in a tight range until we have the Fed meeting in two weeks because there's limited earnings,\" predicted Jay Hatfield, chief investment officer at Infrastructure Capital Management in New York.\"There's no real reason to be long, unless, of course, there's some peace or stability in Ukraine, which doesn't seem likely.\"The Dow Jones Industrial Average fell 0.29% to end at 33,794.66 points, while the S&P 500 lost 0.53% to 4,363.49.The Nasdaq Composite dropped 1.56% to 13,537.94.Volume on U.S. exchanges was 12.6 billion shares, the lowest in six days, according to Refinitiv data.Meanwhile, data showed a measure of U.S. services industry activity dropped to a one-year low in February and employment contracted.Kroger Co jumped almost 12% after the grocer forecast upbeat annual same-store sales and profit, encouraged by strong demand for its pick-up and delivery services and sustained home-cooking trends.American Eagle Outfitters Inc slid 9.3% after the apparel chain forecast a decline in earnings for the first half of 2022.Declining issues outnumbered advancing ones on the NYSE by a 1.48-to-1 ratio; on Nasdaq, a 2.12-to-1 ratio favored decliners.The S&P 500 posted 23 new 52-week highs and 5 new lows; the Nasdaq Composite recorded 45 new highs and 206 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":326,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9039896313,"gmtCreate":1646000361392,"gmtModify":1676534079573,"author":{"id":"4106778855791490","authorId":"4106778855791490","name":"Lin_H","avatar":"https://community-static.tradeup.com/news/4fedbac51d28d3004e4ead721c7d35fa","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4106778855791490","authorIdStr":"4106778855791490"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9039896313","repostId":"1125580913","repostType":4,"repost":{"id":"1125580913","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1645926503,"share":"https://ttm.financial/m/news/1125580913?lang=&edition=fundamental","pubTime":"2022-02-27 09:48","market":"us","language":"en","title":"Buffett Full Annual Letter：Apple is One of ‘Four Giants’ Driving the Conglomerate’s Value","url":"https://stock-news.laohu8.com/highlight/detail?id=1125580913","media":"Tiger Newspress","summary":"Warren Buffett released his annual letter to Berkshire Hathaway shareholders on Saturday. The 91-yea","content":"<html><head></head><body><p>Warren Buffett released his annual letter to Berkshire Hathaway shareholders on Saturday. The 91-year-old investing legend has been publishing the letter for over six decades and it has become required reading for investors around the world.</p><p>Warren Buffett said he now considers tech giant Apple as one of the four pillars driving Berkshire Hathaway, the conglomerate of mostly old-economy businesses he’s assembled over the last five decades.</p><p>In his annual letter to shareholders released on Saturday, the 91-year-old investing legend listed Apple under the heading “Our Four Giants” and even called the company the second-most important after Berkshire’s cluster of insurers, thanks to its chief executive.</p><p>“Tim Cook, Apple’s brilliant CEO, quite properly regards users of Apple products as his first love, but all of his other constituencies benefit from Tim’s managerial touch as well,” the letter stated.</p><p>Buffett made clear he is a fan of Cook’s stock repurchase strategy, and how it gives the conglomerate increased ownership of each dollar of the iPhone maker’s earnings without the investor having to lift a finger.</p><p>“Apple – our runner-up Giant as measured by its yearend market value – is a different sort of holding. Here, our ownership is a mere 5.55%, up from 5.39% a year earlier,” Buffett said in the letter. “That increase sounds like small potatoes. But consider that each 0.1% of Apple’s 2021 earnings amounted to $100 million. We spent no Berkshire funds to gain our accretion. Apple’s repurchases did the job.”</p><p>Berkshire began buying Apple stock in 2016 under the influence of Buffett’s investing deputies Todd Combs and Ted Weschler. By mid-2018, the conglomerate accumulated 5% ownership of the iPhone maker, a stake that cost $36 billion. Today, the Apple investment is now worth more than $160 billion, taking up 40% of Berkshire’s equity portfolio.</p><p>“It’s important to understand that only dividends from Apple are counted in the GAAP earnings Berkshire reports – and last year, Apple paid us $785 million of those. Yet our ‘share’ of Apple’s earnings amounted to a staggering $5.6 billion. Much of what the company retained was used to repurchase Apple shares, an act we applaud,” Buffett said.</p><p>Berkshire is Apple’s largest shareholder, outside of index and exchange-traded fund providers.</p><p>Buffett also credited his railroad business BNSF and energy segment BHE as two other giants of the conglomerate, which both registered record earnings in 2021.</p><p>“BNSF, our third Giant, continues to be the number one artery of American commerce, which makes it an indispensable asset for America as well as for Berkshire,” Buffett said. “BHE has become a utility powerhouse and a leading force in wind, solar and transmission throughout much of the United States.”</p><p><b>Read the full letter here：</b></p><p>To the Shareholders of Berkshire Hathaway Inc.:</p><p>Charlie Munger, my long-time partner, and I have the job of managing a portion of your savings. We are honored by your trust.</p><p>Our position carries with it the responsibility to report to you what we would like to know if we were the absentee owner and you were the manager. We enjoy communicating directly with you through this annual letter, and through the annual meeting as well.</p><p>Our policy is to treat all shareholders equally. Therefore, we do not hold discussions with analysts nor large institutions. Whenever possible, also, we release important communications on Saturday mornings in order to maximize the time for shareholders and the media to absorb the news before markets open on Monday.</p><p>A wealth of Berkshire facts and figures are set forth in the annual 10-K that the company regularly files with the S.E.C. and that we reproduce on pages K-1 – K-119. Some shareholders will find this detail engrossing; others will simply prefer to learn what Charlie and I believe is new or interesting at Berkshire.</p><p>Alas, there was little action of that sort in 2021. We did, though, make reasonable progress in increasing the intrinsic value of your shares. That task has been my primary duty for 57 years. And it will continue to be.</p><p><b>What You Own</b></p><p>Berkshire owns a wide variety of businesses, some in their entirety, some only in part. The second group largely consists of marketable common stocks of major American companies. Additionally, we own a few non-U.S. equities and participate in several joint ventures or other collaborative activities.</p><p>Whatever our form of ownership, our goal is to have meaningful investments in businesses with both durable economic advantages and a first-class CEO. Please note particularly that we own stocks based upon our expectations about their long-term business performance and not because we view them as vehicles for timely market moves. That point is crucial: Charlie and I are not stock-pickers; we are business-pickers.</p><p>I make many mistakes. Consequently, our extensive collection of businesses includes some enterprises that have truly extraordinary economics, many others that enjoy good economic characteristics, and a few that are marginal. One advantage of our common-stock segment is that – on occasion – it becomes easy to buy pieces of wonderful businesses at wonderful prices. That shooting-fish-in-a-barrel experience is very rare in negotiated transactions and never occurs en masse. It is also far easier to exit from a mistake when it has been made in the marketable arena.</p><h2><b>Surprise, Surprise</b></h2><p>Here are a few items about your company that often surprise even seasoned investors:</p><p>• Many people perceive Berkshire as a large and somewhat strange collection of financial assets. In truth, Berkshire owns and operates more U.S.-based “infrastructure” assets – classified on our balance sheet as property, plant and equipment – than are owned and operated by any other American corporation. That supremacy has never been our goal. It has, however, become a fact.</p><p>At yearend, those domestic infrastructure assets were carried on Berkshire’s balance sheet at $158 billion. That number increased last year and will continue to increase. Berkshire always will be building.</p><p>• Every year, your company makes substantial federal income tax payments. In 2021, for example, we paid</p><p>$3.3 billion while the U.S. Treasury reported total corporate income-tax receipts of $402 billion. Additionally, Berkshire pays substantial state and foreign taxes. “I gave at the office” is an unassailable assertion when made by Berkshire shareholders.</p><p>Berkshire’s history vividly illustrates the invisible and often unrecognized financial partnership between  government and American businesses. Our tale begins early in 1955, when Berkshire Fine Spinning and Hathaway Manufacturing agreed to merge their businesses. In their requests for shareholder approval, these venerable New England textile companies expressed high hopes for the combination.</p><p></p><p>The Hathaway solicitation, for example, assured its shareholders that “The combination of the resources and managements will result in one of the strongest and most efficient organizations in the textile industry.” That upbeat view was endorsed by the company’s advisor, Lehman Brothers (yes, that Lehman Brothers).</p><p>I’m sure it was a joyous day in both Fall River (Berkshire) and New Bedford (Hathaway) when the union was consummated. After the bands stopped playing and the bankers went home, however, the shareholders reaped a disaster.</p><p>In the nine years following the merger, Berkshire’s owners watched the company’s net worth crater from</p><p>$51.4 million to $22.1 million. In part, this decline was caused by stock repurchases, ill-advised dividends and plant shutdowns. But nine years of effort by many thousands of employees delivered an operating loss as well. Berkshire’s struggles were not unusual: The New England textile industry had silently entered an extended and non-reversible death march.</p><p>During the nine post-merger years, the U.S. Treasury suffered as well from Berkshire’s troubles. All told, the company paid the government only $337,359 in income tax during that period – a pathetic $100 per day.</p><p>Early in 1965, things changed. Berkshire installed new management that redeployed available cash and steered essentially all earnings into a variety of good businesses, most of which remained good through the years. Coupling reinvestment of earnings with the power of compounding worked its magic, and shareholders prospered.</p><p>Berkshire’s owners, it should be noted, were not the only beneficiary of that course correction. Their “silent partner,” the U.S. Treasury, proceeded to collect many tens of billions of dollars from the company in income tax payments. Remember the $100 daily? Now, Berkshire pays roughly $9 million daily to the Treasury.</p><p>In fairness to our governmental partner, our shareholders should acknowledge – indeed trumpet – the fact that Berkshire’s prosperity has been fostered mightily because the company has operated in America. Our country would have done splendidly in the years since 1965 without Berkshire. Absent our American home, however, Berkshire would never have come close to becoming what it is today. When you see the flag, say thanks.</p><p>• From an $8.6 million purchase of National Indemnity in 1967, Berkshire has become the world leader in insurance “float” – money we hold and can invest but that does not belong to us. Including a relatively small sum derived from life insurance, Berkshire’s total float has grown from $19 million when we entered the insurance business to $147 billion.</p><p>So far, this float has cost us less than nothing. Though we have experienced a number of years when insurance losses combined with operating expenses exceeded premiums, overall we have earned a modest 55-year profit from the underwriting activities that generated our float.</p><p>Of equal importance, float is very sticky. Funds attributable to our insurance operations come and go daily, but their aggregate total is immune from precipitous decline. When it comes to investing float, we can therefore think long-term.</p><p>If you are not already familiar with the concept of float, I refer you to a long explanation on page A-5. To my surprise, our float increased $9 billion last year, a buildup of value that is important to Berkshire owners though is not reflected in our GAAP (“generally-accepted accounting principles”) presentation of earnings and net worth.</p><p>Much of our huge value creation in insurance is attributable to Berkshire’s good luck in my 1986 hiring of Ajit Jain. We first met on a Saturday morning, and I quickly asked Ajit what his insurance experience had been. He replied, “None.”</p><p>I said, “Nobody’s perfect,” and hired him. That was my lucky day: Ajit actually was as perfect a choice as could have been made. Better yet, he continues to be – 35 years later.</p><p>One final thought about insurance: I believe that it is likely – but far from assured – that Berkshire’s float can be maintained without our incurring a long-term underwriting loss. I am certain, however, that there will be some years when we experience such losses, perhaps involving very large sums.</p><p>Berkshire is constructed to handle catastrophic events as no other insurer – and that priority will remain long after Charlie and I are gone.</p><h2>Our Four Giants</h2><p>Through Berkshire, our shareholders own many dozens of businesses. Some of these, in turn, have a collection of subsidiaries of their own. For example, Marmon has more than 100 individual business operations, ranging from the leasing of railroad cars to the manufacture of medical devices.</p><p>• Nevertheless, operations of our “Big Four” companies account for a very large chunk of Berkshire’s value. Leading this list is our cluster of insurers. Berkshire effectively owns 100% of this group, whose massive float value we earlier described. The invested assets of these insurers are further enlarged by the extraordinary amount of capital we invest to back up their promises.</p><p>The insurance business is made to order for Berkshire. The product will never be obsolete, and sales volume will generally increase along with both economic growth and inflation. Also, integrity and capital will forever be important. Our company can and will behave well.</p><p>There are, of course, other insurers with excellent business models and prospects. Replication of Berkshire’s operation, however, would be almost impossible.</p><p>• Apple – our runner-up Giant as measured by its yearend market value – is a different sort of holding. Here, our ownership is a mere 5.55%, up from 5.39% a year earlier. That increase sounds like small potatoes. But consider that each 0.1% of Apple’s 2021 earnings amounted to $100 million. We spent no Berkshire funds to gain our accretion. Apple’s repurchases did the job.</p><p>It’s important to understand that only dividends from Apple are counted in the GAAP earnings Berkshire reports – and last year, Apple paid us $785 million of those. Yet our “share” of Apple’s earnings amounted to a staggering $5.6 billion. Much of what the company retained was used to repurchase Apple shares, an act we applaud. Tim Cook, Apple’s brilliant CEO, quite properly regards users of Apple products as his first love, but all of his other constituencies benefit from Tim’s managerial touch as well.</p><p>• BNSF, our third Giant, continues to be the number one artery of American commerce, which makes it an indispensable asset for America as well as for Berkshire. If the many essential products BNSF carries were instead hauled by truck, America’s carbon emissions would soar.</p><p>Your railroad had record earnings of $6 billion in 2021. Here, it should be noted, we are talking about the old-fashioned sort of earnings that we favor: a figure calculated after interest, taxes, depreciation, amortization and all forms of compensation. (Our definition suggests a warning: Deceptive “adjustments” to earnings – to use a polite description – have become both more frequent and more fanciful as stocks have risen. Speaking less politely, I would say that bull markets breed bloviated bull )</p><p>BNSF trains traveled 143 million miles last year and carried 535 million tons of cargo. Both accomplishments far exceed those of any other American carrier. You can be proud of your railroad.</p><p>• BHE, our final Giant, earned a record $4 billion in 2021. That’s up more than 30-fold from the $122 million earned in 2000, the year that Berkshire first purchased a BHE stake. Now, Berkshire owns 91.1% of the company.</p><p>BHE’s record of societal accomplishment is as remarkable as its financial performance. The company had no wind or solar generation in 2000. It was then regarded simply as a relatively new and minor participant in the huge electric utility industry. Subsequently, under David Sokol’s and Greg Abel’s leadership, BHE has become a utility powerhouse (no groaning, please) and a leading force in wind, solar and transmission throughout much of the United States.</p><p>Greg’s report on these accomplishments appears on pages A-3 and A-4. The profile you will find there is not in any way one of those currently-fashionable “green-washing” stories. BHE has been faithfully detailing its plans and performance in renewables and transmissions every year since 2007.</p><p>To further review this information, visit BHE’s website at brkenergy.com. There, you will see that the company has long been making climate-conscious moves that soak up all of its earnings. More opportunities lie ahead. BHE has the management, the experience, the capital and the appetite for the huge power projects that our country needs.</p><h2>Investments</h2><p>Now let’s talk about companies we don’t control, a list that again references Apple. Below we list our fifteen largest equity holdings, several of which are selections of Berkshire’s two long-time investment managers, Todd Combs and Ted Weschler. At yearend, this valued pair had total authority in respect to $34 billion of investments, many of which do not meet the threshold value we use in the table. Also, a significant portion of the dollars that Todd and Ted manage are lodged in various pension plans of Berkshire-owned businesses, with the assets of these plans not included in this table.</p><p><img src=\"https://static.tigerbbs.com/d43587e9f59c0ff76e6c04c6bf9af324\" tg-width=\"1047\" tg-height=\"530\" referrerpolicy=\"no-referrer\"/>* This is our actual purchase price and also our tax basis.</p><p>** Held by BHE; consequently, Berkshire shareholders have only a 91.1% interest in this position.</p><p>*** Includes a $10 billion investment in Occidental Petroleum, consisting of preferred stock and warrants to buy common stock, a combination now being valued at $10.7 billion.</p><p>In addition to the footnoted Occidental holding and our various common-stock positions, Berkshire also owns a 26.6% interest in Kraft Heinz (accounted for on the “equity” method, not market value, and carried at $13.1 billion) and 38.6% of Pilot Corp., a leader in travel centers that had revenues last year of $45 billion.</p><p>Since we purchased our Pilot stake in 2017, this holding has warranted “equity” accounting treatment. Early in 2023, Berkshire will purchase an additional interest in Pilot that will raise our ownership to 80% and lead to our fully consolidating Pilot’s earnings, assets and liabilities in our financial statements.</p><h2>U.S. Treasury Bills</h2><p>Berkshire’s balance sheet includes $144 billion of cash and cash equivalents (excluding the holdings of BNSF and BHE). Of this sum, $120 billion is held in U.S. Treasury bills, all maturing in less than a year. That stake leaves Berkshire financing about 12 of 1% of the publicly-held national debt.</p><p>Charlie and I have pledged that Berkshire (along with our subsidiaries other than BNSF and BHE) will always hold more than $30 billion of cash and equivalents. We want your company to be financially impregnable and never dependent on the kindness of strangers (or even that of friends). Both of us like to sleep soundly, and we want our creditors, insurance claimants and you to do so as well.</p><h2>But $144 billion?</h2><p>That imposing sum, I assure you, is not some deranged expression of patriotism. Nor have Charlie and I lost our overwhelming preference for business ownership. Indeed, I first manifested my enthusiasm for that 80 years ago, on March 11, 1942, when I purchased three shares of Cities Services preferred stock. Their cost was $114.75 and required all of my savings. (The Dow Jones Industrial Average that day closed at 99, a fact that should scream to you: Never bet against America.)</p><p>After my initial plunge, I always kept at least 80% of my net worth in equities. My favored status throughout that period was 100% – and still is. Berkshire’s current 80%-or-so position in businesses is a consequence of my failure to find entire companies or small portions thereof (that is, marketable stocks) which meet our criteria for long- term holding.</p><p>Charlie and I have endured similar cash-heavy positions from time to time in the past. These periods are never pleasant; they are also never permanent. And, fortunately, we have had a mildly attractive alternative during 2020 and 2021 for deploying capital. Read on.</p><h2>Share Repurchases</h2><p>There are three ways that we can increase the value of your investment. The first is always front and center in our minds: Increase the long-term earning power of Berkshire’s controlled businesses through internal growth or by making acquisitions. Today, internal opportunities deliver far better returns than acquisitions. The size of those opportunities, however, is small compared to Berkshire’s resources.</p><p>Our second choice is to buy non-controlling part-interests in the many good or great businesses that are publicly traded. From time to time, such possibilities are both numerous and blatantly attractive. Today, though, we find little that excites us.</p><p>That’s largely because of a truism: Long-term interest rates that are low push the prices of all productive investments upward, whether these are stocks, apartments, farms, oil wells, whatever. Other factors influence valuations as well, but interest rates will always be important.</p><p>Our final path to value creation is to repurchase Berkshire shares. Through that simple act, we increase your share of the many controlled and non-controlled businesses Berkshire owns. When the price/value equation is right, this path is the easiest and most certain way for us to increase your wealth. (Alongside the accretion of value to continuing shareholders, a couple of other parties gain: Repurchases are modestly beneficial to the seller of the repurchased shares and to society as well.)</p><p>Periodically, as alternative paths become unattractive, repurchases make good sense for Berkshire’s owners. During the past two years, we therefore repurchased 9% of the shares that were outstanding at yearend 2019 for a total cost of $51.7 billion. That expenditure left our continuing shareholders owning about 10% more of all Berkshire businesses, whether these are wholly-owned (such as BNSF and GEICO) or partly-owned (such as Coca-Cola and Moody’s).</p><p>I want to underscore that for Berkshire repurchases to make sense, our shares must offer appropriate value. We don’t want to overpay for the shares of other companies, and it would be value-destroying if we were to overpay when we are buying Berkshire. As of February 23, 2022, since yearend we repurchased additional shares at a cost of $1.2 billion. Our appetite remains large but will always remain price-dependent.</p><p>It should be noted that Berkshire’s buyback opportunities are limited because of its high-class investor base. If our shares were heavily held by short-term speculators, both price volatility and transaction volumes would materially increase. That kind of reshaping would offer us far greater opportunities for creating value by making repurchases. Nevertheless, Charlie and I far prefer the owners we have, even though their admirable buy-and-keep attitudes limit the extent to which long-term shareholders can profit from opportunistic repurchases.</p><p>Finally, one easily-overlooked value calculation specific to Berkshire: As we’ve discussed, insurance “float” of the right sort is of great value to us. As it happens, repurchases automatically increase the amount of “float” per share. That figure has increased during the past two years by 25% – going from $79,387 per “A” share to $99,497, a meaningful gain that, as noted, owes some thanks to repurchases.</p><h2>A Wonderful Man and a Wonderful Business</h2><p>Last year, Paul Andrews died. Paul was the founder and CEO of TTI, a Fort Worth-based subsidiary of Berkshire. Throughout his life – in both his business and his personal pursuits – Paul quietly displayed all the qualities that Charlie and I admire. His story should be told.</p><p>In 1971, Paul was working as a purchasing agent for General Dynamics when the roof fell in. After losing a huge defense contract, the company fired thousands of employees, including Paul.</p><p>With his first child due soon, Paul decided to bet on himself, using $500 of his savings to found Tex-Tronics (later renamed TTI). The company set itself up to distribute small electronic components, and first-year sales totaled $112,000. Today, TTI markets more than one million different items with annual volume of $7.7 billion.</p><p>But back to 2006: Paul, at 63, then found himself happy with his family, his job, and his associates. But he had one nagging worry, heightened because he had recently witnessed a friend’s early death and the disastrous results that followed for that man’s family and business. What, Paul asked himself in 2006, would happen to the many people depending on him if he should unexpectedly die?</p><p>For a year, Paul wrestled with his options. Sell to a competitor? From a strictly economic viewpoint, that course made the most sense. After all, competitors could envision lucrative “synergies” – savings that would be achieved as the acquiror slashed duplicated functions at TTI.</p><p>But . . . Such a purchaser would most certainly also retain its CFO, its legal counsel, its HR unit. Their TTI counterparts would therefore be sent packing. And ugh! If a new distribution center were to be needed, the acquirer’s home city would certainly be favored over Fort Worth.</p><p>Whatever the financial benefits, Paul quickly concluded that selling to a competitor was not for him. He next considered seeking a financial buyer, a species once labeled – aptly so – a leveraged buyout firm. Paul knew, however, that such a purchaser would be focused on an “exit strategy.” And who could know what that would be? Brooding over it all, Paul found himself having no interest in handing his 35-year-old creation over to a reseller.</p><p>When Paul met me, he explained why he had eliminated these two alternatives as buyers. He then summed up his dilemma by saying – in far more tactful phrasing than this – “After a year of pondering the alternatives, I want to sell to Berkshire because you are the only guy left.” So, I made an offer and Paul said “Yes.” One meeting; one lunch; one deal.</p><p>To say we both lived happily ever after is an understatement. When Berkshire purchased TTI, the company employed 2,387. Now the number is 8,043. A large percentage of that growth took place in Fort Worth and environs. Earnings have increased 673%.</p><p>Annually, I would call Paul and tell him his salary should be substantially increased. Annually, he would tell me, “We can talk about that next year, Warren; I’m too busy now.”</p><p>When Greg Abel and I attended Paul’s memorial service, we met children, grandchildren, long-time associates (including TTI’s first employee) and John Roach, the former CEO of a Fort Worth company Berkshire had purchased in 2000. John had steered his friend Paul to Omaha, instinctively knowing we would be a match.</p><p>At the service, Greg and I heard about the multitudes of people and organizations that Paul had silently supported. The breadth of his generosity was extraordinary – geared always to improving the lives of others, particularly those in Fort Worth.</p><p>In all ways, Paul was a class act.</p><p>* * * * * * * * * * * *</p><p>Good luck – occasionally extraordinary luck – has played its part at Berkshire. If Paul and I had not enjoyed a mutual friend – John Roach – TTI would not have found its home with us. But that ample serving of luck was only the beginning. TTI was soon to lead Berkshire to its most important acquisition.</p><p>Every fall, Berkshire directors gather for a presentation by a few of our executives. We sometimes choose the site based upon the location of a recent acquisition, by that means allowing directors to meet the new subsidiary’s CEO and learn more about the acquiree’s activities.</p><p>In the fall of 2009, we consequently selected Fort Worth so that we could visit TTI. At that time, BNSF, which also had Fort Worth as its hometown, was the third-largest holding among our marketable equities. Despite that large stake, I had never visited the railroad’s headquarters.</p><p>Deb Bosanek, my assistant, scheduled our board’s opening dinner for October 22. Meanwhile, I arranged to arrive earlier that day to meet with Matt Rose, CEO of BNSF, whose accomplishments I had long admired. When I made the date, I had no idea that our get-together would coincide with BNSF’s third-quarter earnings report, which was released late on the 22nd.</p><p>The market reacted badly to the railroad’s results. The Great Recession was in full force in the third quarter, and BNSF’s earnings reflected that slump. The economic outlook was also bleak, and Wall Street wasn’t feeling friendly to railroads – or much else.</p><p>On the following day, I again got together with Matt and suggested that Berkshire would offer the railroad a better long-term home than it could expect as a public company. I also told him the maximum price that Berkshire would pay.</p><p>Matt relayed the offer to his directors and advisors. Eleven busy days later, Berkshire and BNSF announced a firm deal. And here I’ll venture a rare prediction: BNSF will be a key asset for Berkshire and our country a century from now.</p><p>The BNSF acquisition would never have happened if Paul Andrews hadn’t sized up Berkshire as the right home for TTI.</p><h2>Thanks</h2><p>I taught my first investing class 70 years ago. Since then, I have enjoyed working almost every year with students of all ages, finally “retiring” from that pursuit in 2018.</p><p>Along the way, my toughest audience was my grandson’s fifth-grade class. The 11-year-olds were squirming in their seats and giving me blank stares until I mentioned Coca-Cola and its famous secret formula. Instantly, every hand went up, and I learned that “secrets” are catnip to kids.</p><p>Teaching, like writing, has helped me develop and clarify my own thoughts. Charlie calls this phenomenon the orangutan effect: If you sit down with an orangutan and carefully explain to it one of your cherished ideas, you may leave behind a puzzled primate, but will yourself exit thinking more clearly.</p><p>Talking to university students is far superior. I have urged that they seek employment in (1) the field and (2) with the kind of people they would select, if they had no need for money. Economic realities, I acknowledge, may interfere with that kind of search. Even so, I urge the students never to give up the quest, for when they find that sort of job, they will no longer be “working.”</p><p>Charlie and I, ourselves, followed that liberating course after a few early stumbles. We both started as part- timers at my grandfather’s grocery store, Charlie in 1940 and I in 1942. We were each assigned boring tasks and paid little, definitely not what we had in mind. Charlie later took up law, and I tried selling securities. Job satisfaction continued to elude us.</p><p>Finally, at Berkshire, we found what we love to do. With very few exceptions, we have now “worked” for many decades with people whom we like and trust. It’s a joy in life to join with managers such as Paul Andrews or the Berkshire families I told you about last year. In our home office, we employ decent and talented people – no jerks. Turnover averages, perhaps, one person per year.</p><p>I would like, however, to emphasize a further item that turns our jobs into fun and satisfaction working</p><p>for you. There is nothing more rewarding to Charlie and me than enjoying the trust of individual long-term shareholders who, for many decades, have joined us with the expectation that we would be a reliable custodian of their funds.</p><p>Obviously, we can’t select our owners, as we could do if our form of operation were a partnership. Anyone can buy shares of Berkshire today with the intention of soon reselling them. For sure, we get a few of that type of shareholder, just as we get index funds that own huge amounts of Berkshire simply because they are required to do so.</p><p>To a truly unusual degree, however, Berkshire has as owners a very large corps of individuals and families that have elected to join us with an intent approaching “til death do us part.” Often, they have trusted us with a large – some might say excessive – portion of their savings.</p><p>Berkshire, these shareholders would sometimes acknowledge, might be far from the best selection they could have made. But they would add that Berkshire would rank high among those with which they would be most comfortable. And people who are comfortable with their investments will, on average, achieve better results than those who are motivated by ever-changing headlines, chatter and promises.</p><p>Long-term individual owners are both the “partners” Charlie and I have always sought and the ones we constantly have in mind as we make decisions at Berkshire. To them we say, “It feels good to ‘work’ for you, and you have our thanks for your trust.”</p><h2>The Annual Meeting</h2><p>Clear your calendar! Berkshire will have its annual gathering of capitalists in Omaha on Friday, April 29th through Sunday, May 1st. The details regarding the weekend are laid out on pages A-1 and A-2. Omaha eagerly awaits you, as do I.</p><p>I will end this letter with a sales pitch. “Cousin” Jimmy Buffett has designed a pontoon “party” boat that is now being manufactured by Forest River, a Berkshire subsidiary. The boat will be introduced on April 29 at our Berkshire Bazaar of Bargains. And, for two days only, shareholders will be able to purchase Jimmy’s masterpiece at a 10% discount. Your bargain-hunting chairman will be buying a boat for his family’s use. Join me.</p><p>February 26, 2022</p><p>Warren E. Buffett Chairman of the Board</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Buffett Full Annual Letter：Apple is One of ‘Four Giants’ Driving the Conglomerate’s Value</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBuffett Full Annual Letter：Apple is One of ‘Four Giants’ Driving the Conglomerate’s Value\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-02-27 09:48</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Warren Buffett released his annual letter to Berkshire Hathaway shareholders on Saturday. The 91-year-old investing legend has been publishing the letter for over six decades and it has become required reading for investors around the world.</p><p>Warren Buffett said he now considers tech giant Apple as one of the four pillars driving Berkshire Hathaway, the conglomerate of mostly old-economy businesses he’s assembled over the last five decades.</p><p>In his annual letter to shareholders released on Saturday, the 91-year-old investing legend listed Apple under the heading “Our Four Giants” and even called the company the second-most important after Berkshire’s cluster of insurers, thanks to its chief executive.</p><p>“Tim Cook, Apple’s brilliant CEO, quite properly regards users of Apple products as his first love, but all of his other constituencies benefit from Tim’s managerial touch as well,” the letter stated.</p><p>Buffett made clear he is a fan of Cook’s stock repurchase strategy, and how it gives the conglomerate increased ownership of each dollar of the iPhone maker’s earnings without the investor having to lift a finger.</p><p>“Apple – our runner-up Giant as measured by its yearend market value – is a different sort of holding. Here, our ownership is a mere 5.55%, up from 5.39% a year earlier,” Buffett said in the letter. “That increase sounds like small potatoes. But consider that each 0.1% of Apple’s 2021 earnings amounted to $100 million. We spent no Berkshire funds to gain our accretion. Apple’s repurchases did the job.”</p><p>Berkshire began buying Apple stock in 2016 under the influence of Buffett’s investing deputies Todd Combs and Ted Weschler. By mid-2018, the conglomerate accumulated 5% ownership of the iPhone maker, a stake that cost $36 billion. Today, the Apple investment is now worth more than $160 billion, taking up 40% of Berkshire’s equity portfolio.</p><p>“It’s important to understand that only dividends from Apple are counted in the GAAP earnings Berkshire reports – and last year, Apple paid us $785 million of those. Yet our ‘share’ of Apple’s earnings amounted to a staggering $5.6 billion. Much of what the company retained was used to repurchase Apple shares, an act we applaud,” Buffett said.</p><p>Berkshire is Apple’s largest shareholder, outside of index and exchange-traded fund providers.</p><p>Buffett also credited his railroad business BNSF and energy segment BHE as two other giants of the conglomerate, which both registered record earnings in 2021.</p><p>“BNSF, our third Giant, continues to be the number one artery of American commerce, which makes it an indispensable asset for America as well as for Berkshire,” Buffett said. “BHE has become a utility powerhouse and a leading force in wind, solar and transmission throughout much of the United States.”</p><p><b>Read the full letter here：</b></p><p>To the Shareholders of Berkshire Hathaway Inc.:</p><p>Charlie Munger, my long-time partner, and I have the job of managing a portion of your savings. We are honored by your trust.</p><p>Our position carries with it the responsibility to report to you what we would like to know if we were the absentee owner and you were the manager. We enjoy communicating directly with you through this annual letter, and through the annual meeting as well.</p><p>Our policy is to treat all shareholders equally. Therefore, we do not hold discussions with analysts nor large institutions. Whenever possible, also, we release important communications on Saturday mornings in order to maximize the time for shareholders and the media to absorb the news before markets open on Monday.</p><p>A wealth of Berkshire facts and figures are set forth in the annual 10-K that the company regularly files with the S.E.C. and that we reproduce on pages K-1 – K-119. Some shareholders will find this detail engrossing; others will simply prefer to learn what Charlie and I believe is new or interesting at Berkshire.</p><p>Alas, there was little action of that sort in 2021. We did, though, make reasonable progress in increasing the intrinsic value of your shares. That task has been my primary duty for 57 years. And it will continue to be.</p><p><b>What You Own</b></p><p>Berkshire owns a wide variety of businesses, some in their entirety, some only in part. The second group largely consists of marketable common stocks of major American companies. Additionally, we own a few non-U.S. equities and participate in several joint ventures or other collaborative activities.</p><p>Whatever our form of ownership, our goal is to have meaningful investments in businesses with both durable economic advantages and a first-class CEO. Please note particularly that we own stocks based upon our expectations about their long-term business performance and not because we view them as vehicles for timely market moves. That point is crucial: Charlie and I are not stock-pickers; we are business-pickers.</p><p>I make many mistakes. Consequently, our extensive collection of businesses includes some enterprises that have truly extraordinary economics, many others that enjoy good economic characteristics, and a few that are marginal. One advantage of our common-stock segment is that – on occasion – it becomes easy to buy pieces of wonderful businesses at wonderful prices. That shooting-fish-in-a-barrel experience is very rare in negotiated transactions and never occurs en masse. It is also far easier to exit from a mistake when it has been made in the marketable arena.</p><h2><b>Surprise, Surprise</b></h2><p>Here are a few items about your company that often surprise even seasoned investors:</p><p>• Many people perceive Berkshire as a large and somewhat strange collection of financial assets. In truth, Berkshire owns and operates more U.S.-based “infrastructure” assets – classified on our balance sheet as property, plant and equipment – than are owned and operated by any other American corporation. That supremacy has never been our goal. It has, however, become a fact.</p><p>At yearend, those domestic infrastructure assets were carried on Berkshire’s balance sheet at $158 billion. That number increased last year and will continue to increase. Berkshire always will be building.</p><p>• Every year, your company makes substantial federal income tax payments. In 2021, for example, we paid</p><p>$3.3 billion while the U.S. Treasury reported total corporate income-tax receipts of $402 billion. Additionally, Berkshire pays substantial state and foreign taxes. “I gave at the office” is an unassailable assertion when made by Berkshire shareholders.</p><p>Berkshire’s history vividly illustrates the invisible and often unrecognized financial partnership between  government and American businesses. Our tale begins early in 1955, when Berkshire Fine Spinning and Hathaway Manufacturing agreed to merge their businesses. In their requests for shareholder approval, these venerable New England textile companies expressed high hopes for the combination.</p><p></p><p>The Hathaway solicitation, for example, assured its shareholders that “The combination of the resources and managements will result in one of the strongest and most efficient organizations in the textile industry.” That upbeat view was endorsed by the company’s advisor, Lehman Brothers (yes, that Lehman Brothers).</p><p>I’m sure it was a joyous day in both Fall River (Berkshire) and New Bedford (Hathaway) when the union was consummated. After the bands stopped playing and the bankers went home, however, the shareholders reaped a disaster.</p><p>In the nine years following the merger, Berkshire’s owners watched the company’s net worth crater from</p><p>$51.4 million to $22.1 million. In part, this decline was caused by stock repurchases, ill-advised dividends and plant shutdowns. But nine years of effort by many thousands of employees delivered an operating loss as well. Berkshire’s struggles were not unusual: The New England textile industry had silently entered an extended and non-reversible death march.</p><p>During the nine post-merger years, the U.S. Treasury suffered as well from Berkshire’s troubles. All told, the company paid the government only $337,359 in income tax during that period – a pathetic $100 per day.</p><p>Early in 1965, things changed. Berkshire installed new management that redeployed available cash and steered essentially all earnings into a variety of good businesses, most of which remained good through the years. Coupling reinvestment of earnings with the power of compounding worked its magic, and shareholders prospered.</p><p>Berkshire’s owners, it should be noted, were not the only beneficiary of that course correction. Their “silent partner,” the U.S. Treasury, proceeded to collect many tens of billions of dollars from the company in income tax payments. Remember the $100 daily? Now, Berkshire pays roughly $9 million daily to the Treasury.</p><p>In fairness to our governmental partner, our shareholders should acknowledge – indeed trumpet – the fact that Berkshire’s prosperity has been fostered mightily because the company has operated in America. Our country would have done splendidly in the years since 1965 without Berkshire. Absent our American home, however, Berkshire would never have come close to becoming what it is today. When you see the flag, say thanks.</p><p>• From an $8.6 million purchase of National Indemnity in 1967, Berkshire has become the world leader in insurance “float” – money we hold and can invest but that does not belong to us. Including a relatively small sum derived from life insurance, Berkshire’s total float has grown from $19 million when we entered the insurance business to $147 billion.</p><p>So far, this float has cost us less than nothing. Though we have experienced a number of years when insurance losses combined with operating expenses exceeded premiums, overall we have earned a modest 55-year profit from the underwriting activities that generated our float.</p><p>Of equal importance, float is very sticky. Funds attributable to our insurance operations come and go daily, but their aggregate total is immune from precipitous decline. When it comes to investing float, we can therefore think long-term.</p><p>If you are not already familiar with the concept of float, I refer you to a long explanation on page A-5. To my surprise, our float increased $9 billion last year, a buildup of value that is important to Berkshire owners though is not reflected in our GAAP (“generally-accepted accounting principles”) presentation of earnings and net worth.</p><p>Much of our huge value creation in insurance is attributable to Berkshire’s good luck in my 1986 hiring of Ajit Jain. We first met on a Saturday morning, and I quickly asked Ajit what his insurance experience had been. He replied, “None.”</p><p>I said, “Nobody’s perfect,” and hired him. That was my lucky day: Ajit actually was as perfect a choice as could have been made. Better yet, he continues to be – 35 years later.</p><p>One final thought about insurance: I believe that it is likely – but far from assured – that Berkshire’s float can be maintained without our incurring a long-term underwriting loss. I am certain, however, that there will be some years when we experience such losses, perhaps involving very large sums.</p><p>Berkshire is constructed to handle catastrophic events as no other insurer – and that priority will remain long after Charlie and I are gone.</p><h2>Our Four Giants</h2><p>Through Berkshire, our shareholders own many dozens of businesses. Some of these, in turn, have a collection of subsidiaries of their own. For example, Marmon has more than 100 individual business operations, ranging from the leasing of railroad cars to the manufacture of medical devices.</p><p>• Nevertheless, operations of our “Big Four” companies account for a very large chunk of Berkshire’s value. Leading this list is our cluster of insurers. Berkshire effectively owns 100% of this group, whose massive float value we earlier described. The invested assets of these insurers are further enlarged by the extraordinary amount of capital we invest to back up their promises.</p><p>The insurance business is made to order for Berkshire. The product will never be obsolete, and sales volume will generally increase along with both economic growth and inflation. Also, integrity and capital will forever be important. Our company can and will behave well.</p><p>There are, of course, other insurers with excellent business models and prospects. Replication of Berkshire’s operation, however, would be almost impossible.</p><p>• Apple – our runner-up Giant as measured by its yearend market value – is a different sort of holding. Here, our ownership is a mere 5.55%, up from 5.39% a year earlier. That increase sounds like small potatoes. But consider that each 0.1% of Apple’s 2021 earnings amounted to $100 million. We spent no Berkshire funds to gain our accretion. Apple’s repurchases did the job.</p><p>It’s important to understand that only dividends from Apple are counted in the GAAP earnings Berkshire reports – and last year, Apple paid us $785 million of those. Yet our “share” of Apple’s earnings amounted to a staggering $5.6 billion. Much of what the company retained was used to repurchase Apple shares, an act we applaud. Tim Cook, Apple’s brilliant CEO, quite properly regards users of Apple products as his first love, but all of his other constituencies benefit from Tim’s managerial touch as well.</p><p>• BNSF, our third Giant, continues to be the number one artery of American commerce, which makes it an indispensable asset for America as well as for Berkshire. If the many essential products BNSF carries were instead hauled by truck, America’s carbon emissions would soar.</p><p>Your railroad had record earnings of $6 billion in 2021. Here, it should be noted, we are talking about the old-fashioned sort of earnings that we favor: a figure calculated after interest, taxes, depreciation, amortization and all forms of compensation. (Our definition suggests a warning: Deceptive “adjustments” to earnings – to use a polite description – have become both more frequent and more fanciful as stocks have risen. Speaking less politely, I would say that bull markets breed bloviated bull )</p><p>BNSF trains traveled 143 million miles last year and carried 535 million tons of cargo. Both accomplishments far exceed those of any other American carrier. You can be proud of your railroad.</p><p>• BHE, our final Giant, earned a record $4 billion in 2021. That’s up more than 30-fold from the $122 million earned in 2000, the year that Berkshire first purchased a BHE stake. Now, Berkshire owns 91.1% of the company.</p><p>BHE’s record of societal accomplishment is as remarkable as its financial performance. The company had no wind or solar generation in 2000. It was then regarded simply as a relatively new and minor participant in the huge electric utility industry. Subsequently, under David Sokol’s and Greg Abel’s leadership, BHE has become a utility powerhouse (no groaning, please) and a leading force in wind, solar and transmission throughout much of the United States.</p><p>Greg’s report on these accomplishments appears on pages A-3 and A-4. The profile you will find there is not in any way one of those currently-fashionable “green-washing” stories. BHE has been faithfully detailing its plans and performance in renewables and transmissions every year since 2007.</p><p>To further review this information, visit BHE’s website at brkenergy.com. There, you will see that the company has long been making climate-conscious moves that soak up all of its earnings. More opportunities lie ahead. BHE has the management, the experience, the capital and the appetite for the huge power projects that our country needs.</p><h2>Investments</h2><p>Now let’s talk about companies we don’t control, a list that again references Apple. Below we list our fifteen largest equity holdings, several of which are selections of Berkshire’s two long-time investment managers, Todd Combs and Ted Weschler. At yearend, this valued pair had total authority in respect to $34 billion of investments, many of which do not meet the threshold value we use in the table. Also, a significant portion of the dollars that Todd and Ted manage are lodged in various pension plans of Berkshire-owned businesses, with the assets of these plans not included in this table.</p><p><img src=\"https://static.tigerbbs.com/d43587e9f59c0ff76e6c04c6bf9af324\" tg-width=\"1047\" tg-height=\"530\" referrerpolicy=\"no-referrer\"/>* This is our actual purchase price and also our tax basis.</p><p>** Held by BHE; consequently, Berkshire shareholders have only a 91.1% interest in this position.</p><p>*** Includes a $10 billion investment in Occidental Petroleum, consisting of preferred stock and warrants to buy common stock, a combination now being valued at $10.7 billion.</p><p>In addition to the footnoted Occidental holding and our various common-stock positions, Berkshire also owns a 26.6% interest in Kraft Heinz (accounted for on the “equity” method, not market value, and carried at $13.1 billion) and 38.6% of Pilot Corp., a leader in travel centers that had revenues last year of $45 billion.</p><p>Since we purchased our Pilot stake in 2017, this holding has warranted “equity” accounting treatment. Early in 2023, Berkshire will purchase an additional interest in Pilot that will raise our ownership to 80% and lead to our fully consolidating Pilot’s earnings, assets and liabilities in our financial statements.</p><h2>U.S. Treasury Bills</h2><p>Berkshire’s balance sheet includes $144 billion of cash and cash equivalents (excluding the holdings of BNSF and BHE). Of this sum, $120 billion is held in U.S. Treasury bills, all maturing in less than a year. That stake leaves Berkshire financing about 12 of 1% of the publicly-held national debt.</p><p>Charlie and I have pledged that Berkshire (along with our subsidiaries other than BNSF and BHE) will always hold more than $30 billion of cash and equivalents. We want your company to be financially impregnable and never dependent on the kindness of strangers (or even that of friends). Both of us like to sleep soundly, and we want our creditors, insurance claimants and you to do so as well.</p><h2>But $144 billion?</h2><p>That imposing sum, I assure you, is not some deranged expression of patriotism. Nor have Charlie and I lost our overwhelming preference for business ownership. Indeed, I first manifested my enthusiasm for that 80 years ago, on March 11, 1942, when I purchased three shares of Cities Services preferred stock. Their cost was $114.75 and required all of my savings. (The Dow Jones Industrial Average that day closed at 99, a fact that should scream to you: Never bet against America.)</p><p>After my initial plunge, I always kept at least 80% of my net worth in equities. My favored status throughout that period was 100% – and still is. Berkshire’s current 80%-or-so position in businesses is a consequence of my failure to find entire companies or small portions thereof (that is, marketable stocks) which meet our criteria for long- term holding.</p><p>Charlie and I have endured similar cash-heavy positions from time to time in the past. These periods are never pleasant; they are also never permanent. And, fortunately, we have had a mildly attractive alternative during 2020 and 2021 for deploying capital. Read on.</p><h2>Share Repurchases</h2><p>There are three ways that we can increase the value of your investment. The first is always front and center in our minds: Increase the long-term earning power of Berkshire’s controlled businesses through internal growth or by making acquisitions. Today, internal opportunities deliver far better returns than acquisitions. The size of those opportunities, however, is small compared to Berkshire’s resources.</p><p>Our second choice is to buy non-controlling part-interests in the many good or great businesses that are publicly traded. From time to time, such possibilities are both numerous and blatantly attractive. Today, though, we find little that excites us.</p><p>That’s largely because of a truism: Long-term interest rates that are low push the prices of all productive investments upward, whether these are stocks, apartments, farms, oil wells, whatever. Other factors influence valuations as well, but interest rates will always be important.</p><p>Our final path to value creation is to repurchase Berkshire shares. Through that simple act, we increase your share of the many controlled and non-controlled businesses Berkshire owns. When the price/value equation is right, this path is the easiest and most certain way for us to increase your wealth. (Alongside the accretion of value to continuing shareholders, a couple of other parties gain: Repurchases are modestly beneficial to the seller of the repurchased shares and to society as well.)</p><p>Periodically, as alternative paths become unattractive, repurchases make good sense for Berkshire’s owners. During the past two years, we therefore repurchased 9% of the shares that were outstanding at yearend 2019 for a total cost of $51.7 billion. That expenditure left our continuing shareholders owning about 10% more of all Berkshire businesses, whether these are wholly-owned (such as BNSF and GEICO) or partly-owned (such as Coca-Cola and Moody’s).</p><p>I want to underscore that for Berkshire repurchases to make sense, our shares must offer appropriate value. We don’t want to overpay for the shares of other companies, and it would be value-destroying if we were to overpay when we are buying Berkshire. As of February 23, 2022, since yearend we repurchased additional shares at a cost of $1.2 billion. Our appetite remains large but will always remain price-dependent.</p><p>It should be noted that Berkshire’s buyback opportunities are limited because of its high-class investor base. If our shares were heavily held by short-term speculators, both price volatility and transaction volumes would materially increase. That kind of reshaping would offer us far greater opportunities for creating value by making repurchases. Nevertheless, Charlie and I far prefer the owners we have, even though their admirable buy-and-keep attitudes limit the extent to which long-term shareholders can profit from opportunistic repurchases.</p><p>Finally, one easily-overlooked value calculation specific to Berkshire: As we’ve discussed, insurance “float” of the right sort is of great value to us. As it happens, repurchases automatically increase the amount of “float” per share. That figure has increased during the past two years by 25% – going from $79,387 per “A” share to $99,497, a meaningful gain that, as noted, owes some thanks to repurchases.</p><h2>A Wonderful Man and a Wonderful Business</h2><p>Last year, Paul Andrews died. Paul was the founder and CEO of TTI, a Fort Worth-based subsidiary of Berkshire. Throughout his life – in both his business and his personal pursuits – Paul quietly displayed all the qualities that Charlie and I admire. His story should be told.</p><p>In 1971, Paul was working as a purchasing agent for General Dynamics when the roof fell in. After losing a huge defense contract, the company fired thousands of employees, including Paul.</p><p>With his first child due soon, Paul decided to bet on himself, using $500 of his savings to found Tex-Tronics (later renamed TTI). The company set itself up to distribute small electronic components, and first-year sales totaled $112,000. Today, TTI markets more than one million different items with annual volume of $7.7 billion.</p><p>But back to 2006: Paul, at 63, then found himself happy with his family, his job, and his associates. But he had one nagging worry, heightened because he had recently witnessed a friend’s early death and the disastrous results that followed for that man’s family and business. What, Paul asked himself in 2006, would happen to the many people depending on him if he should unexpectedly die?</p><p>For a year, Paul wrestled with his options. Sell to a competitor? From a strictly economic viewpoint, that course made the most sense. After all, competitors could envision lucrative “synergies” – savings that would be achieved as the acquiror slashed duplicated functions at TTI.</p><p>But . . . Such a purchaser would most certainly also retain its CFO, its legal counsel, its HR unit. Their TTI counterparts would therefore be sent packing. And ugh! If a new distribution center were to be needed, the acquirer’s home city would certainly be favored over Fort Worth.</p><p>Whatever the financial benefits, Paul quickly concluded that selling to a competitor was not for him. He next considered seeking a financial buyer, a species once labeled – aptly so – a leveraged buyout firm. Paul knew, however, that such a purchaser would be focused on an “exit strategy.” And who could know what that would be? Brooding over it all, Paul found himself having no interest in handing his 35-year-old creation over to a reseller.</p><p>When Paul met me, he explained why he had eliminated these two alternatives as buyers. He then summed up his dilemma by saying – in far more tactful phrasing than this – “After a year of pondering the alternatives, I want to sell to Berkshire because you are the only guy left.” So, I made an offer and Paul said “Yes.” One meeting; one lunch; one deal.</p><p>To say we both lived happily ever after is an understatement. When Berkshire purchased TTI, the company employed 2,387. Now the number is 8,043. A large percentage of that growth took place in Fort Worth and environs. Earnings have increased 673%.</p><p>Annually, I would call Paul and tell him his salary should be substantially increased. Annually, he would tell me, “We can talk about that next year, Warren; I’m too busy now.”</p><p>When Greg Abel and I attended Paul’s memorial service, we met children, grandchildren, long-time associates (including TTI’s first employee) and John Roach, the former CEO of a Fort Worth company Berkshire had purchased in 2000. John had steered his friend Paul to Omaha, instinctively knowing we would be a match.</p><p>At the service, Greg and I heard about the multitudes of people and organizations that Paul had silently supported. The breadth of his generosity was extraordinary – geared always to improving the lives of others, particularly those in Fort Worth.</p><p>In all ways, Paul was a class act.</p><p>* * * * * * * * * * * *</p><p>Good luck – occasionally extraordinary luck – has played its part at Berkshire. If Paul and I had not enjoyed a mutual friend – John Roach – TTI would not have found its home with us. But that ample serving of luck was only the beginning. TTI was soon to lead Berkshire to its most important acquisition.</p><p>Every fall, Berkshire directors gather for a presentation by a few of our executives. We sometimes choose the site based upon the location of a recent acquisition, by that means allowing directors to meet the new subsidiary’s CEO and learn more about the acquiree’s activities.</p><p>In the fall of 2009, we consequently selected Fort Worth so that we could visit TTI. At that time, BNSF, which also had Fort Worth as its hometown, was the third-largest holding among our marketable equities. Despite that large stake, I had never visited the railroad’s headquarters.</p><p>Deb Bosanek, my assistant, scheduled our board’s opening dinner for October 22. Meanwhile, I arranged to arrive earlier that day to meet with Matt Rose, CEO of BNSF, whose accomplishments I had long admired. When I made the date, I had no idea that our get-together would coincide with BNSF’s third-quarter earnings report, which was released late on the 22nd.</p><p>The market reacted badly to the railroad’s results. The Great Recession was in full force in the third quarter, and BNSF’s earnings reflected that slump. The economic outlook was also bleak, and Wall Street wasn’t feeling friendly to railroads – or much else.</p><p>On the following day, I again got together with Matt and suggested that Berkshire would offer the railroad a better long-term home than it could expect as a public company. I also told him the maximum price that Berkshire would pay.</p><p>Matt relayed the offer to his directors and advisors. Eleven busy days later, Berkshire and BNSF announced a firm deal. And here I’ll venture a rare prediction: BNSF will be a key asset for Berkshire and our country a century from now.</p><p>The BNSF acquisition would never have happened if Paul Andrews hadn’t sized up Berkshire as the right home for TTI.</p><h2>Thanks</h2><p>I taught my first investing class 70 years ago. Since then, I have enjoyed working almost every year with students of all ages, finally “retiring” from that pursuit in 2018.</p><p>Along the way, my toughest audience was my grandson’s fifth-grade class. The 11-year-olds were squirming in their seats and giving me blank stares until I mentioned Coca-Cola and its famous secret formula. Instantly, every hand went up, and I learned that “secrets” are catnip to kids.</p><p>Teaching, like writing, has helped me develop and clarify my own thoughts. Charlie calls this phenomenon the orangutan effect: If you sit down with an orangutan and carefully explain to it one of your cherished ideas, you may leave behind a puzzled primate, but will yourself exit thinking more clearly.</p><p>Talking to university students is far superior. I have urged that they seek employment in (1) the field and (2) with the kind of people they would select, if they had no need for money. Economic realities, I acknowledge, may interfere with that kind of search. Even so, I urge the students never to give up the quest, for when they find that sort of job, they will no longer be “working.”</p><p>Charlie and I, ourselves, followed that liberating course after a few early stumbles. We both started as part- timers at my grandfather’s grocery store, Charlie in 1940 and I in 1942. We were each assigned boring tasks and paid little, definitely not what we had in mind. Charlie later took up law, and I tried selling securities. Job satisfaction continued to elude us.</p><p>Finally, at Berkshire, we found what we love to do. With very few exceptions, we have now “worked” for many decades with people whom we like and trust. It’s a joy in life to join with managers such as Paul Andrews or the Berkshire families I told you about last year. In our home office, we employ decent and talented people – no jerks. Turnover averages, perhaps, one person per year.</p><p>I would like, however, to emphasize a further item that turns our jobs into fun and satisfaction working</p><p>for you. There is nothing more rewarding to Charlie and me than enjoying the trust of individual long-term shareholders who, for many decades, have joined us with the expectation that we would be a reliable custodian of their funds.</p><p>Obviously, we can’t select our owners, as we could do if our form of operation were a partnership. Anyone can buy shares of Berkshire today with the intention of soon reselling them. For sure, we get a few of that type of shareholder, just as we get index funds that own huge amounts of Berkshire simply because they are required to do so.</p><p>To a truly unusual degree, however, Berkshire has as owners a very large corps of individuals and families that have elected to join us with an intent approaching “til death do us part.” Often, they have trusted us with a large – some might say excessive – portion of their savings.</p><p>Berkshire, these shareholders would sometimes acknowledge, might be far from the best selection they could have made. But they would add that Berkshire would rank high among those with which they would be most comfortable. And people who are comfortable with their investments will, on average, achieve better results than those who are motivated by ever-changing headlines, chatter and promises.</p><p>Long-term individual owners are both the “partners” Charlie and I have always sought and the ones we constantly have in mind as we make decisions at Berkshire. To them we say, “It feels good to ‘work’ for you, and you have our thanks for your trust.”</p><h2>The Annual Meeting</h2><p>Clear your calendar! Berkshire will have its annual gathering of capitalists in Omaha on Friday, April 29th through Sunday, May 1st. The details regarding the weekend are laid out on pages A-1 and A-2. Omaha eagerly awaits you, as do I.</p><p>I will end this letter with a sales pitch. “Cousin” Jimmy Buffett has designed a pontoon “party” boat that is now being manufactured by Forest River, a Berkshire subsidiary. The boat will be introduced on April 29 at our Berkshire Bazaar of Bargains. And, for two days only, shareholders will be able to purchase Jimmy’s masterpiece at a 10% discount. Your bargain-hunting chairman will be buying a boat for his family’s use. Join me.</p><p>February 26, 2022</p><p>Warren E. Buffett Chairman of the Board</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.B":"伯克希尔B","BRK.A":"伯克希尔"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1125580913","content_text":"Warren Buffett released his annual letter to Berkshire Hathaway shareholders on Saturday. The 91-year-old investing legend has been publishing the letter for over six decades and it has become required reading for investors around the world.Warren Buffett said he now considers tech giant Apple as one of the four pillars driving Berkshire Hathaway, the conglomerate of mostly old-economy businesses he’s assembled over the last five decades.In his annual letter to shareholders released on Saturday, the 91-year-old investing legend listed Apple under the heading “Our Four Giants” and even called the company the second-most important after Berkshire’s cluster of insurers, thanks to its chief executive.“Tim Cook, Apple’s brilliant CEO, quite properly regards users of Apple products as his first love, but all of his other constituencies benefit from Tim’s managerial touch as well,” the letter stated.Buffett made clear he is a fan of Cook’s stock repurchase strategy, and how it gives the conglomerate increased ownership of each dollar of the iPhone maker’s earnings without the investor having to lift a finger.“Apple – our runner-up Giant as measured by its yearend market value – is a different sort of holding. Here, our ownership is a mere 5.55%, up from 5.39% a year earlier,” Buffett said in the letter. “That increase sounds like small potatoes. But consider that each 0.1% of Apple’s 2021 earnings amounted to $100 million. We spent no Berkshire funds to gain our accretion. Apple’s repurchases did the job.”Berkshire began buying Apple stock in 2016 under the influence of Buffett’s investing deputies Todd Combs and Ted Weschler. By mid-2018, the conglomerate accumulated 5% ownership of the iPhone maker, a stake that cost $36 billion. Today, the Apple investment is now worth more than $160 billion, taking up 40% of Berkshire’s equity portfolio.“It’s important to understand that only dividends from Apple are counted in the GAAP earnings Berkshire reports – and last year, Apple paid us $785 million of those. Yet our ‘share’ of Apple’s earnings amounted to a staggering $5.6 billion. Much of what the company retained was used to repurchase Apple shares, an act we applaud,” Buffett said.Berkshire is Apple’s largest shareholder, outside of index and exchange-traded fund providers.Buffett also credited his railroad business BNSF and energy segment BHE as two other giants of the conglomerate, which both registered record earnings in 2021.“BNSF, our third Giant, continues to be the number one artery of American commerce, which makes it an indispensable asset for America as well as for Berkshire,” Buffett said. “BHE has become a utility powerhouse and a leading force in wind, solar and transmission throughout much of the United States.”Read the full letter here：To the Shareholders of Berkshire Hathaway Inc.:Charlie Munger, my long-time partner, and I have the job of managing a portion of your savings. We are honored by your trust.Our position carries with it the responsibility to report to you what we would like to know if we were the absentee owner and you were the manager. We enjoy communicating directly with you through this annual letter, and through the annual meeting as well.Our policy is to treat all shareholders equally. Therefore, we do not hold discussions with analysts nor large institutions. Whenever possible, also, we release important communications on Saturday mornings in order to maximize the time for shareholders and the media to absorb the news before markets open on Monday.A wealth of Berkshire facts and figures are set forth in the annual 10-K that the company regularly files with the S.E.C. and that we reproduce on pages K-1 – K-119. Some shareholders will find this detail engrossing; others will simply prefer to learn what Charlie and I believe is new or interesting at Berkshire.Alas, there was little action of that sort in 2021. We did, though, make reasonable progress in increasing the intrinsic value of your shares. That task has been my primary duty for 57 years. And it will continue to be.What You OwnBerkshire owns a wide variety of businesses, some in their entirety, some only in part. The second group largely consists of marketable common stocks of major American companies. Additionally, we own a few non-U.S. equities and participate in several joint ventures or other collaborative activities.Whatever our form of ownership, our goal is to have meaningful investments in businesses with both durable economic advantages and a first-class CEO. Please note particularly that we own stocks based upon our expectations about their long-term business performance and not because we view them as vehicles for timely market moves. That point is crucial: Charlie and I are not stock-pickers; we are business-pickers.I make many mistakes. Consequently, our extensive collection of businesses includes some enterprises that have truly extraordinary economics, many others that enjoy good economic characteristics, and a few that are marginal. One advantage of our common-stock segment is that – on occasion – it becomes easy to buy pieces of wonderful businesses at wonderful prices. That shooting-fish-in-a-barrel experience is very rare in negotiated transactions and never occurs en masse. It is also far easier to exit from a mistake when it has been made in the marketable arena.Surprise, SurpriseHere are a few items about your company that often surprise even seasoned investors:• Many people perceive Berkshire as a large and somewhat strange collection of financial assets. In truth, Berkshire owns and operates more U.S.-based “infrastructure” assets – classified on our balance sheet as property, plant and equipment – than are owned and operated by any other American corporation. That supremacy has never been our goal. It has, however, become a fact.At yearend, those domestic infrastructure assets were carried on Berkshire’s balance sheet at $158 billion. That number increased last year and will continue to increase. Berkshire always will be building.• Every year, your company makes substantial federal income tax payments. In 2021, for example, we paid$3.3 billion while the U.S. Treasury reported total corporate income-tax receipts of $402 billion. Additionally, Berkshire pays substantial state and foreign taxes. “I gave at the office” is an unassailable assertion when made by Berkshire shareholders.Berkshire’s history vividly illustrates the invisible and often unrecognized financial partnership between  government and American businesses. Our tale begins early in 1955, when Berkshire Fine Spinning and Hathaway Manufacturing agreed to merge their businesses. In their requests for shareholder approval, these venerable New England textile companies expressed high hopes for the combination.The Hathaway solicitation, for example, assured its shareholders that “The combination of the resources and managements will result in one of the strongest and most efficient organizations in the textile industry.” That upbeat view was endorsed by the company’s advisor, Lehman Brothers (yes, that Lehman Brothers).I’m sure it was a joyous day in both Fall River (Berkshire) and New Bedford (Hathaway) when the union was consummated. After the bands stopped playing and the bankers went home, however, the shareholders reaped a disaster.In the nine years following the merger, Berkshire’s owners watched the company’s net worth crater from$51.4 million to $22.1 million. In part, this decline was caused by stock repurchases, ill-advised dividends and plant shutdowns. But nine years of effort by many thousands of employees delivered an operating loss as well. Berkshire’s struggles were not unusual: The New England textile industry had silently entered an extended and non-reversible death march.During the nine post-merger years, the U.S. Treasury suffered as well from Berkshire’s troubles. All told, the company paid the government only $337,359 in income tax during that period – a pathetic $100 per day.Early in 1965, things changed. Berkshire installed new management that redeployed available cash and steered essentially all earnings into a variety of good businesses, most of which remained good through the years. Coupling reinvestment of earnings with the power of compounding worked its magic, and shareholders prospered.Berkshire’s owners, it should be noted, were not the only beneficiary of that course correction. Their “silent partner,” the U.S. Treasury, proceeded to collect many tens of billions of dollars from the company in income tax payments. Remember the $100 daily? Now, Berkshire pays roughly $9 million daily to the Treasury.In fairness to our governmental partner, our shareholders should acknowledge – indeed trumpet – the fact that Berkshire’s prosperity has been fostered mightily because the company has operated in America. Our country would have done splendidly in the years since 1965 without Berkshire. Absent our American home, however, Berkshire would never have come close to becoming what it is today. When you see the flag, say thanks.• From an $8.6 million purchase of National Indemnity in 1967, Berkshire has become the world leader in insurance “float” – money we hold and can invest but that does not belong to us. Including a relatively small sum derived from life insurance, Berkshire’s total float has grown from $19 million when we entered the insurance business to $147 billion.So far, this float has cost us less than nothing. Though we have experienced a number of years when insurance losses combined with operating expenses exceeded premiums, overall we have earned a modest 55-year profit from the underwriting activities that generated our float.Of equal importance, float is very sticky. Funds attributable to our insurance operations come and go daily, but their aggregate total is immune from precipitous decline. When it comes to investing float, we can therefore think long-term.If you are not already familiar with the concept of float, I refer you to a long explanation on page A-5. To my surprise, our float increased $9 billion last year, a buildup of value that is important to Berkshire owners though is not reflected in our GAAP (“generally-accepted accounting principles”) presentation of earnings and net worth.Much of our huge value creation in insurance is attributable to Berkshire’s good luck in my 1986 hiring of Ajit Jain. We first met on a Saturday morning, and I quickly asked Ajit what his insurance experience had been. He replied, “None.”I said, “Nobody’s perfect,” and hired him. That was my lucky day: Ajit actually was as perfect a choice as could have been made. Better yet, he continues to be – 35 years later.One final thought about insurance: I believe that it is likely – but far from assured – that Berkshire’s float can be maintained without our incurring a long-term underwriting loss. I am certain, however, that there will be some years when we experience such losses, perhaps involving very large sums.Berkshire is constructed to handle catastrophic events as no other insurer – and that priority will remain long after Charlie and I are gone.Our Four GiantsThrough Berkshire, our shareholders own many dozens of businesses. Some of these, in turn, have a collection of subsidiaries of their own. For example, Marmon has more than 100 individual business operations, ranging from the leasing of railroad cars to the manufacture of medical devices.• Nevertheless, operations of our “Big Four” companies account for a very large chunk of Berkshire’s value. Leading this list is our cluster of insurers. Berkshire effectively owns 100% of this group, whose massive float value we earlier described. The invested assets of these insurers are further enlarged by the extraordinary amount of capital we invest to back up their promises.The insurance business is made to order for Berkshire. The product will never be obsolete, and sales volume will generally increase along with both economic growth and inflation. Also, integrity and capital will forever be important. Our company can and will behave well.There are, of course, other insurers with excellent business models and prospects. Replication of Berkshire’s operation, however, would be almost impossible.• Apple – our runner-up Giant as measured by its yearend market value – is a different sort of holding. Here, our ownership is a mere 5.55%, up from 5.39% a year earlier. That increase sounds like small potatoes. But consider that each 0.1% of Apple’s 2021 earnings amounted to $100 million. We spent no Berkshire funds to gain our accretion. Apple’s repurchases did the job.It’s important to understand that only dividends from Apple are counted in the GAAP earnings Berkshire reports – and last year, Apple paid us $785 million of those. Yet our “share” of Apple’s earnings amounted to a staggering $5.6 billion. Much of what the company retained was used to repurchase Apple shares, an act we applaud. Tim Cook, Apple’s brilliant CEO, quite properly regards users of Apple products as his first love, but all of his other constituencies benefit from Tim’s managerial touch as well.• BNSF, our third Giant, continues to be the number one artery of American commerce, which makes it an indispensable asset for America as well as for Berkshire. If the many essential products BNSF carries were instead hauled by truck, America’s carbon emissions would soar.Your railroad had record earnings of $6 billion in 2021. Here, it should be noted, we are talking about the old-fashioned sort of earnings that we favor: a figure calculated after interest, taxes, depreciation, amortization and all forms of compensation. (Our definition suggests a warning: Deceptive “adjustments” to earnings – to use a polite description – have become both more frequent and more fanciful as stocks have risen. Speaking less politely, I would say that bull markets breed bloviated bull )BNSF trains traveled 143 million miles last year and carried 535 million tons of cargo. Both accomplishments far exceed those of any other American carrier. You can be proud of your railroad.• BHE, our final Giant, earned a record $4 billion in 2021. That’s up more than 30-fold from the $122 million earned in 2000, the year that Berkshire first purchased a BHE stake. Now, Berkshire owns 91.1% of the company.BHE’s record of societal accomplishment is as remarkable as its financial performance. The company had no wind or solar generation in 2000. It was then regarded simply as a relatively new and minor participant in the huge electric utility industry. Subsequently, under David Sokol’s and Greg Abel’s leadership, BHE has become a utility powerhouse (no groaning, please) and a leading force in wind, solar and transmission throughout much of the United States.Greg’s report on these accomplishments appears on pages A-3 and A-4. The profile you will find there is not in any way one of those currently-fashionable “green-washing” stories. BHE has been faithfully detailing its plans and performance in renewables and transmissions every year since 2007.To further review this information, visit BHE’s website at brkenergy.com. There, you will see that the company has long been making climate-conscious moves that soak up all of its earnings. More opportunities lie ahead. BHE has the management, the experience, the capital and the appetite for the huge power projects that our country needs.InvestmentsNow let’s talk about companies we don’t control, a list that again references Apple. Below we list our fifteen largest equity holdings, several of which are selections of Berkshire’s two long-time investment managers, Todd Combs and Ted Weschler. At yearend, this valued pair had total authority in respect to $34 billion of investments, many of which do not meet the threshold value we use in the table. Also, a significant portion of the dollars that Todd and Ted manage are lodged in various pension plans of Berkshire-owned businesses, with the assets of these plans not included in this table.* This is our actual purchase price and also our tax basis.** Held by BHE; consequently, Berkshire shareholders have only a 91.1% interest in this position.*** Includes a $10 billion investment in Occidental Petroleum, consisting of preferred stock and warrants to buy common stock, a combination now being valued at $10.7 billion.In addition to the footnoted Occidental holding and our various common-stock positions, Berkshire also owns a 26.6% interest in Kraft Heinz (accounted for on the “equity” method, not market value, and carried at $13.1 billion) and 38.6% of Pilot Corp., a leader in travel centers that had revenues last year of $45 billion.Since we purchased our Pilot stake in 2017, this holding has warranted “equity” accounting treatment. Early in 2023, Berkshire will purchase an additional interest in Pilot that will raise our ownership to 80% and lead to our fully consolidating Pilot’s earnings, assets and liabilities in our financial statements.U.S. Treasury BillsBerkshire’s balance sheet includes $144 billion of cash and cash equivalents (excluding the holdings of BNSF and BHE). Of this sum, $120 billion is held in U.S. Treasury bills, all maturing in less than a year. That stake leaves Berkshire financing about 12 of 1% of the publicly-held national debt.Charlie and I have pledged that Berkshire (along with our subsidiaries other than BNSF and BHE) will always hold more than $30 billion of cash and equivalents. We want your company to be financially impregnable and never dependent on the kindness of strangers (or even that of friends). Both of us like to sleep soundly, and we want our creditors, insurance claimants and you to do so as well.But $144 billion?That imposing sum, I assure you, is not some deranged expression of patriotism. Nor have Charlie and I lost our overwhelming preference for business ownership. Indeed, I first manifested my enthusiasm for that 80 years ago, on March 11, 1942, when I purchased three shares of Cities Services preferred stock. Their cost was $114.75 and required all of my savings. (The Dow Jones Industrial Average that day closed at 99, a fact that should scream to you: Never bet against America.)After my initial plunge, I always kept at least 80% of my net worth in equities. My favored status throughout that period was 100% – and still is. Berkshire’s current 80%-or-so position in businesses is a consequence of my failure to find entire companies or small portions thereof (that is, marketable stocks) which meet our criteria for long- term holding.Charlie and I have endured similar cash-heavy positions from time to time in the past. These periods are never pleasant; they are also never permanent. And, fortunately, we have had a mildly attractive alternative during 2020 and 2021 for deploying capital. Read on.Share RepurchasesThere are three ways that we can increase the value of your investment. The first is always front and center in our minds: Increase the long-term earning power of Berkshire’s controlled businesses through internal growth or by making acquisitions. Today, internal opportunities deliver far better returns than acquisitions. The size of those opportunities, however, is small compared to Berkshire’s resources.Our second choice is to buy non-controlling part-interests in the many good or great businesses that are publicly traded. From time to time, such possibilities are both numerous and blatantly attractive. Today, though, we find little that excites us.That’s largely because of a truism: Long-term interest rates that are low push the prices of all productive investments upward, whether these are stocks, apartments, farms, oil wells, whatever. Other factors influence valuations as well, but interest rates will always be important.Our final path to value creation is to repurchase Berkshire shares. Through that simple act, we increase your share of the many controlled and non-controlled businesses Berkshire owns. When the price/value equation is right, this path is the easiest and most certain way for us to increase your wealth. (Alongside the accretion of value to continuing shareholders, a couple of other parties gain: Repurchases are modestly beneficial to the seller of the repurchased shares and to society as well.)Periodically, as alternative paths become unattractive, repurchases make good sense for Berkshire’s owners. During the past two years, we therefore repurchased 9% of the shares that were outstanding at yearend 2019 for a total cost of $51.7 billion. That expenditure left our continuing shareholders owning about 10% more of all Berkshire businesses, whether these are wholly-owned (such as BNSF and GEICO) or partly-owned (such as Coca-Cola and Moody’s).I want to underscore that for Berkshire repurchases to make sense, our shares must offer appropriate value. We don’t want to overpay for the shares of other companies, and it would be value-destroying if we were to overpay when we are buying Berkshire. As of February 23, 2022, since yearend we repurchased additional shares at a cost of $1.2 billion. Our appetite remains large but will always remain price-dependent.It should be noted that Berkshire’s buyback opportunities are limited because of its high-class investor base. If our shares were heavily held by short-term speculators, both price volatility and transaction volumes would materially increase. That kind of reshaping would offer us far greater opportunities for creating value by making repurchases. Nevertheless, Charlie and I far prefer the owners we have, even though their admirable buy-and-keep attitudes limit the extent to which long-term shareholders can profit from opportunistic repurchases.Finally, one easily-overlooked value calculation specific to Berkshire: As we’ve discussed, insurance “float” of the right sort is of great value to us. As it happens, repurchases automatically increase the amount of “float” per share. That figure has increased during the past two years by 25% – going from $79,387 per “A” share to $99,497, a meaningful gain that, as noted, owes some thanks to repurchases.A Wonderful Man and a Wonderful BusinessLast year, Paul Andrews died. Paul was the founder and CEO of TTI, a Fort Worth-based subsidiary of Berkshire. Throughout his life – in both his business and his personal pursuits – Paul quietly displayed all the qualities that Charlie and I admire. His story should be told.In 1971, Paul was working as a purchasing agent for General Dynamics when the roof fell in. After losing a huge defense contract, the company fired thousands of employees, including Paul.With his first child due soon, Paul decided to bet on himself, using $500 of his savings to found Tex-Tronics (later renamed TTI). The company set itself up to distribute small electronic components, and first-year sales totaled $112,000. Today, TTI markets more than one million different items with annual volume of $7.7 billion.But back to 2006: Paul, at 63, then found himself happy with his family, his job, and his associates. But he had one nagging worry, heightened because he had recently witnessed a friend’s early death and the disastrous results that followed for that man’s family and business. What, Paul asked himself in 2006, would happen to the many people depending on him if he should unexpectedly die?For a year, Paul wrestled with his options. Sell to a competitor? From a strictly economic viewpoint, that course made the most sense. After all, competitors could envision lucrative “synergies” – savings that would be achieved as the acquiror slashed duplicated functions at TTI.But . . . Such a purchaser would most certainly also retain its CFO, its legal counsel, its HR unit. Their TTI counterparts would therefore be sent packing. And ugh! If a new distribution center were to be needed, the acquirer’s home city would certainly be favored over Fort Worth.Whatever the financial benefits, Paul quickly concluded that selling to a competitor was not for him. He next considered seeking a financial buyer, a species once labeled – aptly so – a leveraged buyout firm. Paul knew, however, that such a purchaser would be focused on an “exit strategy.” And who could know what that would be? Brooding over it all, Paul found himself having no interest in handing his 35-year-old creation over to a reseller.When Paul met me, he explained why he had eliminated these two alternatives as buyers. He then summed up his dilemma by saying – in far more tactful phrasing than this – “After a year of pondering the alternatives, I want to sell to Berkshire because you are the only guy left.” So, I made an offer and Paul said “Yes.” One meeting; one lunch; one deal.To say we both lived happily ever after is an understatement. When Berkshire purchased TTI, the company employed 2,387. Now the number is 8,043. A large percentage of that growth took place in Fort Worth and environs. Earnings have increased 673%.Annually, I would call Paul and tell him his salary should be substantially increased. Annually, he would tell me, “We can talk about that next year, Warren; I’m too busy now.”When Greg Abel and I attended Paul’s memorial service, we met children, grandchildren, long-time associates (including TTI’s first employee) and John Roach, the former CEO of a Fort Worth company Berkshire had purchased in 2000. John had steered his friend Paul to Omaha, instinctively knowing we would be a match.At the service, Greg and I heard about the multitudes of people and organizations that Paul had silently supported. The breadth of his generosity was extraordinary – geared always to improving the lives of others, particularly those in Fort Worth.In all ways, Paul was a class act.* * * * * * * * * * * *Good luck – occasionally extraordinary luck – has played its part at Berkshire. If Paul and I had not enjoyed a mutual friend – John Roach – TTI would not have found its home with us. But that ample serving of luck was only the beginning. TTI was soon to lead Berkshire to its most important acquisition.Every fall, Berkshire directors gather for a presentation by a few of our executives. We sometimes choose the site based upon the location of a recent acquisition, by that means allowing directors to meet the new subsidiary’s CEO and learn more about the acquiree’s activities.In the fall of 2009, we consequently selected Fort Worth so that we could visit TTI. At that time, BNSF, which also had Fort Worth as its hometown, was the third-largest holding among our marketable equities. Despite that large stake, I had never visited the railroad’s headquarters.Deb Bosanek, my assistant, scheduled our board’s opening dinner for October 22. Meanwhile, I arranged to arrive earlier that day to meet with Matt Rose, CEO of BNSF, whose accomplishments I had long admired. When I made the date, I had no idea that our get-together would coincide with BNSF’s third-quarter earnings report, which was released late on the 22nd.The market reacted badly to the railroad’s results. The Great Recession was in full force in the third quarter, and BNSF’s earnings reflected that slump. The economic outlook was also bleak, and Wall Street wasn’t feeling friendly to railroads – or much else.On the following day, I again got together with Matt and suggested that Berkshire would offer the railroad a better long-term home than it could expect as a public company. I also told him the maximum price that Berkshire would pay.Matt relayed the offer to his directors and advisors. Eleven busy days later, Berkshire and BNSF announced a firm deal. And here I’ll venture a rare prediction: BNSF will be a key asset for Berkshire and our country a century from now.The BNSF acquisition would never have happened if Paul Andrews hadn’t sized up Berkshire as the right home for TTI.ThanksI taught my first investing class 70 years ago. Since then, I have enjoyed working almost every year with students of all ages, finally “retiring” from that pursuit in 2018.Along the way, my toughest audience was my grandson’s fifth-grade class. The 11-year-olds were squirming in their seats and giving me blank stares until I mentioned Coca-Cola and its famous secret formula. Instantly, every hand went up, and I learned that “secrets” are catnip to kids.Teaching, like writing, has helped me develop and clarify my own thoughts. Charlie calls this phenomenon the orangutan effect: If you sit down with an orangutan and carefully explain to it one of your cherished ideas, you may leave behind a puzzled primate, but will yourself exit thinking more clearly.Talking to university students is far superior. I have urged that they seek employment in (1) the field and (2) with the kind of people they would select, if they had no need for money. Economic realities, I acknowledge, may interfere with that kind of search. Even so, I urge the students never to give up the quest, for when they find that sort of job, they will no longer be “working.”Charlie and I, ourselves, followed that liberating course after a few early stumbles. We both started as part- timers at my grandfather’s grocery store, Charlie in 1940 and I in 1942. We were each assigned boring tasks and paid little, definitely not what we had in mind. Charlie later took up law, and I tried selling securities. Job satisfaction continued to elude us.Finally, at Berkshire, we found what we love to do. With very few exceptions, we have now “worked” for many decades with people whom we like and trust. It’s a joy in life to join with managers such as Paul Andrews or the Berkshire families I told you about last year. In our home office, we employ decent and talented people – no jerks. Turnover averages, perhaps, one person per year.I would like, however, to emphasize a further item that turns our jobs into fun and satisfaction workingfor you. There is nothing more rewarding to Charlie and me than enjoying the trust of individual long-term shareholders who, for many decades, have joined us with the expectation that we would be a reliable custodian of their funds.Obviously, we can’t select our owners, as we could do if our form of operation were a partnership. Anyone can buy shares of Berkshire today with the intention of soon reselling them. For sure, we get a few of that type of shareholder, just as we get index funds that own huge amounts of Berkshire simply because they are required to do so.To a truly unusual degree, however, Berkshire has as owners a very large corps of individuals and families that have elected to join us with an intent approaching “til death do us part.” Often, they have trusted us with a large – some might say excessive – portion of their savings.Berkshire, these shareholders would sometimes acknowledge, might be far from the best selection they could have made. But they would add that Berkshire would rank high among those with which they would be most comfortable. And people who are comfortable with their investments will, on average, achieve better results than those who are motivated by ever-changing headlines, chatter and promises.Long-term individual owners are both the “partners” Charlie and I have always sought and the ones we constantly have in mind as we make decisions at Berkshire. To them we say, “It feels good to ‘work’ for you, and you have our thanks for your trust.”The Annual MeetingClear your calendar! Berkshire will have its annual gathering of capitalists in Omaha on Friday, April 29th through Sunday, May 1st. The details regarding the weekend are laid out on pages A-1 and A-2. Omaha eagerly awaits you, as do I.I will end this letter with a sales pitch. “Cousin” Jimmy Buffett has designed a pontoon “party” boat that is now being manufactured by Forest River, a Berkshire subsidiary. The boat will be introduced on April 29 at our Berkshire Bazaar of Bargains. And, for two days only, shareholders will be able to purchase Jimmy’s masterpiece at a 10% discount. Your bargain-hunting chairman will be buying a boat for his family’s use. Join me.February 26, 2022Warren E. Buffett Chairman of the Board","news_type":1},"isVote":1,"tweetType":1,"viewCount":446,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9039905821,"gmtCreate":1645863543886,"gmtModify":1676534071492,"author":{"id":"4106778855791490","authorId":"4106778855791490","name":"Lin_H","avatar":"https://community-static.tradeup.com/news/4fedbac51d28d3004e4ead721c7d35fa","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4106778855791490","authorIdStr":"4106778855791490"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9039905821","repostId":"2214433184","repostType":4,"repost":{"id":"2214433184","pubTimestamp":1645830512,"share":"https://ttm.financial/m/news/2214433184?lang=&edition=fundamental","pubTime":"2022-02-26 07:08","market":"us","language":"en","title":"Dow Posts Biggest Gain since Nov 2020 as Wall St Rebounds Second Day","url":"https://stock-news.laohu8.com/highlight/detail?id=2214433184","media":"Reuters","summary":"* All sectors higher, led by gains in materials* Oil prices ease* Indexes: Dow up 2.5%, S&P 500 up 2.2%, Nasdaq up 1.6% (Updates close with volume, additional quotes, details)The Dow on Friday registe","content":"<html><head></head><body><p>* All sectors higher, led by gains in materials</p><p>* Oil prices ease</p><p>* Indexes: Dow up 2.5%, S&amp;P 500 up 2.2%, Nasdaq up 1.6% (Updates close with volume, additional quotes, details)</p><p>The Dow on Friday registered its biggest daily percentage gain since November 2020 with the market rebounding for a second day from the sharp selloff leading up to Russia&#39;s invasion of Ukraine.</p><p>Oil prices fell below $100 a barrel, easing some concerns about higher energy costs, and all 11 of the major S&amp;P 500 sectors ended up on the day. The S&amp;P 500 and Nasdaq also posted gains for the week.</p><p>Russian missiles pounded Kyiv and families cowered in shelters on Friday, a day after Russia unleashed a three-pronged invasion of Ukraine in the biggest attack on a European state since World War <a href=\"https://laohu8.com/S/TWOA.U\">Two</a>.</p><p>Investors also were assessing news that Russian President Vladimir Putin told his Chinese counterpart Xi Jinping in a call that Russia was willing to hold high-level talks with Ukraine, according to China&#39;s foreign ministry.</p><p>Some strategists say stock-selling may have been overdone. The S&amp;P 500 confirmed earlier this week it was in a correction when it ended down more than 10% from its Jan. 3 record closing high.</p><p>&#34;It sure feels a lot more like we&#39;ve really exhausted sentiment in this correction,&#34; said Jim Paulsen, chief investment strategist at The Leuthold Group in Minneapolis, noting that economic fundamentals and corporate health remain favorable.</p><p>The Dow Jones Industrial Average rose 834.92 points, or 2.51%, to 34,058.75, the S&amp;P 500 gained 95.95 points, or 2.24%, to 4,384.65 and the Nasdaq Composite added 221.04 points, or 1.64%, to 13,694.62.</p><p>For the week, the Dow was down 0.1%, the S&amp;P 500 was up 0.8% and the Nasdaq was up 1.1%.</p><p>The West on Thursday unveiled new sanctions on Russia, while NATO Secretary-General Jens Stoltenberg said on Friday the alliance was deploying parts of its combat-ready response force and would continue to send weapons to Ukraine.</p><p>&#34;In general, the sanctions are going to have some bite,&#34; but investors seem to be relieved that Washington dismissed the idea of going to war with Russia, said Kristina Hooper, chief global market strategist at Invesco.</p><p>She said volatility should remain high in the coming days as events in Ukraine dictate market moves, but that focus eventually will turn back to the Federal Reserve and the outlook for interest rates.</p><p>Some strategists noted that the sanctions announced Thursday targeted Russia&#39;s banks but left its energy sector largely untouched.</p><p>Health care gave the S&amp;P 500 its biggest boost.</p><p>Shares of Johnson &amp; Johnson climbed 5% after a U.S. judge ruled that the drugmaker&#39;s subsidiary can remain in bankruptcy, preventing plaintiffs from pursuing 38,000 lawsuits against the company alleging its baby powder and other talc products cause cancer.</p><p>The Cboe Volatility index, Wall Street&#39;s fear gauge, ended down at 27.59.</p><p>Advancing issues outnumbered declining ones on the NYSE by a 4.29-to-1 ratio; on Nasdaq, a 2.63-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted 15 new 52-week highs and no new lows; the Nasdaq Composite recorded 39 new highs and 66 new lows.</p><p>Volume on U.S. exchanges was 12.47 billion shares, compared with the 12.1 billion average for the full session over the last 20 trading days.</p></body></html>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Dow Posts Biggest Gain since Nov 2020 as Wall St Rebounds Second Day</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\">\nDow Posts Biggest Gain since Nov 2020 as Wall St Rebounds Second Day\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-26 07:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/us-stocks-dow-posts-biggest-214015544.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>* All sectors higher, led by gains in materials* Oil prices ease* Indexes: Dow up 2.5%, S&P 500 up 2.2%, Nasdaq up 1.6% (Updates close with volume, additional quotes, details)The Dow on Friday ...</p>\n\n<a href=\"https://finance.yahoo.com/news/us-stocks-dow-posts-biggest-214015544.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","IVV":"标普500指数ETF","SSO":"两倍做多标普500ETF","BK4559":"巴菲特持仓","SPXU":"三倍做空标普500ETF","OEF":"标普100指数ETF-iShares","BK4550":"红杉资本持仓",".SPX":"S&P 500 Index","SPY":"标普500ETF","OEX":"标普100","BK4079":"房地产服务","BK4504":"桥水持仓","SDS":"两倍做空标普500ETF","BK4539":"次新股","COMP":"Compass, Inc.","UPRO":"三倍做多标普500ETF","BK4534":"瑞士信贷持仓","SH":"标普500反向ETF"},"source_url":"https://finance.yahoo.com/news/us-stocks-dow-posts-biggest-214015544.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2214433184","content_text":"* All sectors higher, led by gains in materials* Oil prices ease* Indexes: Dow up 2.5%, S&P 500 up 2.2%, Nasdaq up 1.6% (Updates close with volume, additional quotes, details)The Dow on Friday registered its biggest daily percentage gain since November 2020 with the market rebounding for a second day from the sharp selloff leading up to Russia's invasion of Ukraine.Oil prices fell below $100 a barrel, easing some concerns about higher energy costs, and all 11 of the major S&P 500 sectors ended up on the day. The S&P 500 and Nasdaq also posted gains for the week.Russian missiles pounded Kyiv and families cowered in shelters on Friday, a day after Russia unleashed a three-pronged invasion of Ukraine in the biggest attack on a European state since World War Two.Investors also were assessing news that Russian President Vladimir Putin told his Chinese counterpart Xi Jinping in a call that Russia was willing to hold high-level talks with Ukraine, according to China's foreign ministry.Some strategists say stock-selling may have been overdone. The S&P 500 confirmed earlier this week it was in a correction when it ended down more than 10% from its Jan. 3 record closing high.\"It sure feels a lot more like we've really exhausted sentiment in this correction,\" said Jim Paulsen, chief investment strategist at The Leuthold Group in Minneapolis, noting that economic fundamentals and corporate health remain favorable.The Dow Jones Industrial Average rose 834.92 points, or 2.51%, to 34,058.75, the S&P 500 gained 95.95 points, or 2.24%, to 4,384.65 and the Nasdaq Composite added 221.04 points, or 1.64%, to 13,694.62.For the week, the Dow was down 0.1%, the S&P 500 was up 0.8% and the Nasdaq was up 1.1%.The West on Thursday unveiled new sanctions on Russia, while NATO Secretary-General Jens Stoltenberg said on Friday the alliance was deploying parts of its combat-ready response force and would continue to send weapons to Ukraine.\"In general, the sanctions are going to have some bite,\" but investors seem to be relieved that Washington dismissed the idea of going to war with Russia, said Kristina Hooper, chief global market strategist at Invesco.She said volatility should remain high in the coming days as events in Ukraine dictate market moves, but that focus eventually will turn back to the Federal Reserve and the outlook for interest rates.Some strategists noted that the sanctions announced Thursday targeted Russia's banks but left its energy sector largely untouched.Health care gave the S&P 500 its biggest boost.Shares of Johnson & Johnson climbed 5% after a U.S. judge ruled that the drugmaker's subsidiary can remain in bankruptcy, preventing plaintiffs from pursuing 38,000 lawsuits against the company alleging its baby powder and other talc products cause cancer.The Cboe Volatility index, Wall Street's fear gauge, ended down at 27.59.Advancing issues outnumbered declining ones on the NYSE by a 4.29-to-1 ratio; on Nasdaq, a 2.63-to-1 ratio favored advancers.The S&P 500 posted 15 new 52-week highs and no new lows; the Nasdaq Composite recorded 39 new highs and 66 new lows.Volume on U.S. exchanges was 12.47 billion shares, compared with the 12.1 billion average for the full session over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":144,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9097819039,"gmtCreate":1645406350307,"gmtModify":1676534024891,"author":{"id":"4106778855791490","authorId":"4106778855791490","name":"Lin_H","avatar":"https://community-static.tradeup.com/news/4fedbac51d28d3004e4ead721c7d35fa","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4106778855791490","authorIdStr":"4106778855791490"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9097819039","repostId":"2213670409","repostType":4,"repost":{"id":"2213670409","pubTimestamp":1645399123,"share":"https://ttm.financial/m/news/2213670409?lang=&edition=fundamental","pubTime":"2022-02-21 07:18","market":"us","language":"en","title":"PCE Inflation, Consumer Confidence: What to Know This Week","url":"https://stock-news.laohu8.com/highlight/detail?id=2213670409","media":"Yahoo Finance","summary":"After stocks endured a second straight week of selling last week, investors will be looking to a sla","content":"<html><head></head><body><p>After stocks endured a second straight week of selling last week, investors will be looking to a slate of fresh economic and earnings data as a catalyst for a potential reprieve.</p><p>The U.S. stock and bond markets will be closed Monday in observance of the Presidents Day holiday, so new data releases will be consolidated to the later part of the week. And updates on tensions in Russia and Ukraine will also remain in focus throughout the week after stocks sank to their lowest levels in a month on Friday, amid concerns about the escalating geopolitical conflict.</p><p>While the emerging threat of military conflict has overshadowed many other worries in the markets, inflation has still remained a central issue for investors. Inflation has implications both in informing the speed at which the Federal Reserve tightens monetary policy, and the extent to which consumers pull back on spending and slow overall economic activity in response to rising prices.</p><p>&#34;I really think most of the Russia-Ukraine volatility occurred in the energy space, particularly with oil. I think the rest of the volatility in the broader market has to do with the Fed tightening conversation,&#34; Frances Stacy, Optimal Capital director of strategy, told Yahoo Finance Live on Friday. &#34;We&#39;re looking at this sort of aggressive tightening against this backdrop of inflation, and I think that that&#39;s what&#39;s causing the volatility.&#34;</p><p>On Friday, the Bureau of Economic Analysis will release its monthly personal consumption expenditures (PCE) deflator, offering a fresh print on the extent of price increases across the recovering economy.</p><p>Consensus economists expect the PCE to post a rise of another 0.6% in January, according to Bloomberg data, accelerating from December&#39;s 0.4% increase. This would represent a 14th consecutive monthly increase, and bring the index up by 6.0% on a year-over-year basis. This, in turn, would mark the fastest increase since 1982, and also accelerate from December&#39;s 5.8% annual rise.</p><p><img src=\"https://static.tigerbbs.com/83b39365db67b4cbe5d9181911de7b8a\" tg-width=\"4421\" tg-height=\"2947\" referrerpolicy=\"no-referrer\"/></p><p>The core PCE index — the Fed&#39;s preferred gauge of underlying inflation stripping out volatile food and energy prices — likely also ramped compared to December&#39;s index. Consensus economists are looking for a 5.2% increase in core PCE in January, compared to December&#39;s 4.9% rise.</p><p>Expectations for the latest inflation print suggest the economy has still not yet seen the peak in price increases. And increasingly, central bank officials have come around to the notion that inflation has remained stickier than previously expected, especially as supply chain issues and virus-related disruptions persist.</p><p>&#34;Since the December meeting, I would say that the inflation situation is about the same but probably slightly worse,&#34; Federal Reserve Chair Jerome Powell said in a January press conference. &#34;I’d be inclined to raise my own estimate of 2022 core PCE inflation ... by a few tenths today.&#34;</p><p>And the latest print on PCE will likely reaffirm readings from other closely watched inflation prints. The January Consumer Price Index (CPI) jumped by 7.5% year-over-year to represent the largest increase since 1982, accelerating markedly from the 7.0% increase from December. And on the producer side, wholesale prices jumped 9.7% year-on-year in January, ticking down only slightly from December&#39;s record increase of 9.8%.</p><h2>Consumer confidence</h2><h2></h2><p>Despite the mounting inflationary pressures, however, consumers have largely continued to spend. Retail sales rose by a better-than-expected 3.8% in January, marking the biggest jump since March 2021 and exceeding estimates.</p><p>And this steady consumption has come even as consumers increasingly cited inflation as a key concern for their own personal finances. Average hourly wages have also climbed in recent months, but have still not kept pace with inflation.</p><p>&#34;The resilience of spending stands in stark contrast to the slump in consumer confidence, with households upping their purchases of big ticket items while simultaneously reporting that now is a particularly bad time to make those purchases,&#34; Paul Ashworth, chief North American economist for Capital Economics, wrote in a note. &#34;The surge in inflation is the root cause of consumer angst. Sentiment should improve as inflation falls back later this year, but the current weakness is a reminder that real consumption growth will be muted this year.&#34;</p><p>The Conference Board&#39;s Consumer Confidence Index due for release on Tuesday will help provide a timely snapshot of consumers&#39; thinking following the latest spike in prices at the beginning of the year. Consensus economists are looking for the index to fall to 110.0 for February, which would mark the lowest level since September 2021, when the Delta variant had weighed on consumers&#39; outlooks. The consumer confidence index had been at 113.8 in January.</p><h2>Earnings season rolls on</h2><h2><img src=\"https://static.tigerbbs.com/2704a78dbeac36d3a78a7c3a7e70f026\" tg-width=\"1878\" tg-height=\"2016\" width=\"100%\" height=\"auto\"/></h2><p>Investors will also receive a number of new earnings results this week, with major retailers including Home Depot (HD), Lowe&#39;s (LOW), Macy&#39;s (M) and The TJX Cos. (TJX) reporting alongside other closely watched names from Coinbase (COIN) to <a href=\"https://laohu8.com/S/W\">Wayfair</a> (W) and Nikola (NKLA).</p><p>So far this earnings season, corporate profits have remained robust, albeit while slowing compared to prior quarters. As of Friday, 84% of S&amp;P 500 companies had reported actual fourth-quarter earnings results, according to FactSet. And the estimated earnings growth rate for S&amp;P 500 companies in aggregate stood at 30.9%, compared to about 40% from the third quarter.</p><p>Still, the estimated earnings growth rate for the fourth quarter has trended continuously higher as more companies reported better-than-expected results. On December 31, the estimated earnings growth rate for the fourth quarter had been at just 21.2%.</p><p>But while results for many companies have been positive for the final three months of 2021, outlooks have weakened, reflecting lingering supply chain uncertainty, rising prices and other macro concerns. FactSet noted that of companies that held their earnings conference calls between Dec. 15 and Feb. 17, 72% of the corporations mentioned &#34;inflation.&#34;</p><p>&#34;In terms of earnings guidance from corporations, 71% of the S&amp;P 500 companies (55 out of 77) that have issued EPS [earnings per share] guidance for Q1 2022 have issued negative guidance,&#34; FactSet&#39;s John Butters wrote in a note Friday. &#34;This is the highest percentage of S&amp;P 500 companies issuing negative guidance since Q3 2019 (73%).&#34;</p><p>&#34;Thus, the market may be reacting more to the negative earnings guidance and downward estimates revisions for the first quarter of 2022 than the earnings surprises being reported for the fourth-quarter of 2021,&#34; Butters added.</p><h2>Economic calendar</h2><ul><li><p><b>Monday: </b><i>No notable reports scheduled for release</i></p></li><li><p><b>Tuesday: </b>FHFA House Price Index, December (1.1% expected, 1.1% in November); S&amp;P <a href=\"https://laohu8.com/S/CLGX\">CoreLogic</a> Case-Shiller 20-City Composite Index, December month-over-month (1.10% expected, 1.18% in November); S&amp;P CoreLogic Case-Shiller 20-City Composite Index, December year-over-year (18.30% expected, 18.29% in November); <a href=\"https://laohu8.com/S/MRKT\">Markit</a> U.S. Manufacturing PMI, February preliminary (56.0 expected, 55.5 in January); Markit U.S. Services PMI, February preliminary (53.0 expected, 51.2 in January); Markit U.S. Composite PMI, February preliminary (51.1 in January); Conference Board Consumer Confidence Index, February (110.0 expected, 113.8 in January); Richmond Fed Manufacturing Index, February (10 expected, 8 in January)</p></li><li><p><b>Wednesday: </b>MBA Mortgage Applications, week ended February 18 (-5.4% during prior week)</p></li><li><p><b>Thursday: </b>Chicago Fed National Activity Index, January (-0.15 in December); GDP annualized, quarter-over-quarter, 4Q second estimate (7.0% expected, 6.9% in prior estimate); Personal consumption, 4Q second estimate (3.3% expected, 3.3% in prior estimate); Core PCE quarter-over-quarter, 4Q second estimate (4.9% expected, 4.9% in prior estimate); Kansas City Fed Manufacturing Activity, February (24 in January)</p></li><li><p><b>Friday: </b>Personal income, January (-0.4%, 0.3% in December); Personal spending, January (1.5% expected, -0.6% in December); Durable Goods Orders, January preliminary (0.9% -0.7% in December); Durable Goods Orders excluding transportation, January preliminary (0.3% expected, 0.6% in December); PCE deflator, January year-over-year (6.0% expected, 5.8% in December); PCE deflator, January month-over-month (0.6% expected, 0.4% in December); PCE core deflator, January year-over-year (5.2% expected, 4.9% in December); PCE core deflator, January month-over-month (0.5% expected, 0.5% in December)</p></li></ul><h2>Earnings calendar</h2><h2></h2><p><b>Monday</b></p><p><i>No notable reports scheduled for release</i></p><p><b>Tuesday</b></p><p>Before market open: Apache Corp. (APA), Home Depot (HD), Tempur Sealy International (TPX), Macy&#39;s (M)</p><p>After market close: Caesar&#39;s Entertainment (CZR), Agilent Technologies (A), <a href=\"https://laohu8.com/S/FANG\">Diamondback Energy</a> (FANG), The Mosaic Co. (MOS), Toll Brothers (TOL), Virgin Galactic (SPCE), <a href=\"https://laohu8.com/S/PANW\">Palo Alto Networks</a> (PANW), Teladoc Health (TDOC)</p><p><b>Wednesday</b></p><p>Before market open: Lowe&#39;s (LOW), <a href=\"https://laohu8.com/S/OSTK\">Overstock.com</a> (OSTK), The TJX Cos. (TJX), Cerner Corp. (CERN)</p><p>After market close: Hertz (HTZ), <a href=\"https://laohu8.com/S/EBAY\">eBay</a> (EBAY), Revolve Group Inc. (RVLV), <a href=\"https://laohu8.com/S/BKNG\">Booking Holdings</a> (BKNG), FuboTV (FUBO), Allbirds (BIRD), Bath and Body Works (BBWI), Chesapeake Energy (CHK), <a href=\"https://laohu8.com/S/LYV\">Live Nation Entertainment</a> (LYV), The Real Real (REAL), Lemonade (LMND)</p><p><b>Thursday</b></p><p>Before market open: Keurig Dr. Pepper (KDP), Newmont Corp. (NEM), SeaWorld Entertainment (SEAS), Moderna (MRNA), Planet Fitness (PLNT), Nikola (NKLA), Wayfair (W), Six Flags Entertainment (SIX), Discovery Inc. (DISCA), Norwegian Cruise Line Holdings (NCLH), Occidental Petroleum (OXY)</p><p>After market close: Intuit (INTU), Opendoor Technologies (OPEN), Autodesk (ADSK), Coinbase (COIN), Dell Technologies (DELL), <a href=\"https://laohu8.com/S/SQ2.AU\">Block Inc.</a> (SQ), Zscaler (ZS), Rocket Cos. (RKT), VMWare (VMW), Etsy (ETSY), Beyond Meat (BYND), Monster Beverage Corp. (MNST)</p><p><b>Friday</b></p><p><i>No notable reports scheduled for release</i></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>PCE Inflation, Consumer Confidence: What to Know This Week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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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\">\nPCE Inflation, Consumer Confidence: What to Know This Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-21 07:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/pce-inflation-consumer-confidence-earnings-what-to-know-this-week-164350893.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>After stocks endured a second straight week of selling last week, investors will be looking to a slate of fresh economic and earnings data as a catalyst for a potential reprieve.The U.S. stock and ...</p>\n\n<a href=\"https://finance.yahoo.com/news/pce-inflation-consumer-confidence-earnings-what-to-know-this-week-164350893.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4170":"电脑硬件、储存设备及电脑周边","BK4125":"广播","BK4548":"巴美列捷福持仓","BK4562":"SPAC上市公司","SPY":"标普500ETF","APA":"阿帕契","CPI":"IQ Real Return ETF","BK4532":"文艺复兴科技持仓","BK4515":"5G概念","BK4187":"航天航空与国防","BK4554":"元宇宙及AR概念","DISCA":"探索传播","HD":"家得宝","SPCE":"维珍银河","BK4177":"软饮料","LOW":"劳氏","PANW":"Palo Alto Networks","OXY":"西方石油","BK4507":"流媒体概念","BK4534":"瑞士信贷持仓","BK4121":"生命科学工具和服务","KDP":"Keurig Dr Pepper Inc","CZR":"凯撒娱乐","BBWI":"Bath & Body Works Inc.","NKLA":"Nikola Corporation","SPY.AU":"SPDR® S&P 500® ETF Trust","BK4150":"赌场与赌博",".SPX":"S&P 500 Index","BK4149":"建筑机械与重型卡车","A":"安捷伦科技","BK4524":"宅经济概念","FANG":"Diamondback Energy","PLNT":"Planet Fitness Inc","M":"梅西百货","MOS":"美国美盛","COIN":"Coinbase Global, Inc.","BK4108":"电影和娱乐","BK4139":"生物科技","BK4077":"互动媒体与服务","BK4559":"巴菲特持仓","TJX":"The TJX Companies Inc.","BK4095":"家庭装饰品","BK4107":"财产与意外伤害保险","BK4517":"邮轮概念","BK4094":"服装零售","BK4023":"应用软件","BK4022":"陆运","BK4551":"寇图资本持仓","ZS":"Zscaler Inc.","JPM":"摩根大通","BK4112":"金融交易所和数据","BK4505":"高瓴资本持仓","BK4097":"系统软件","BK4560":"网络安全概念","HTZ":"赫兹租车","BK4504":"桥水持仓","BK4142":"酒店、度假村与豪华游轮"},"source_url":"https://finance.yahoo.com/news/pce-inflation-consumer-confidence-earnings-what-to-know-this-week-164350893.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2213670409","content_text":"After stocks endured a second straight week of selling last week, investors will be looking to a slate of fresh economic and earnings data as a catalyst for a potential reprieve.The U.S. stock and bond markets will be closed Monday in observance of the Presidents Day holiday, so new data releases will be consolidated to the later part of the week. And updates on tensions in Russia and Ukraine will also remain in focus throughout the week after stocks sank to their lowest levels in a month on Friday, amid concerns about the escalating geopolitical conflict.While the emerging threat of military conflict has overshadowed many other worries in the markets, inflation has still remained a central issue for investors. Inflation has implications both in informing the speed at which the Federal Reserve tightens monetary policy, and the extent to which consumers pull back on spending and slow overall economic activity in response to rising prices.\"I really think most of the Russia-Ukraine volatility occurred in the energy space, particularly with oil. I think the rest of the volatility in the broader market has to do with the Fed tightening conversation,\" Frances Stacy, Optimal Capital director of strategy, told Yahoo Finance Live on Friday. \"We're looking at this sort of aggressive tightening against this backdrop of inflation, and I think that that's what's causing the volatility.\"On Friday, the Bureau of Economic Analysis will release its monthly personal consumption expenditures (PCE) deflator, offering a fresh print on the extent of price increases across the recovering economy.Consensus economists expect the PCE to post a rise of another 0.6% in January, according to Bloomberg data, accelerating from December's 0.4% increase. This would represent a 14th consecutive monthly increase, and bring the index up by 6.0% on a year-over-year basis. This, in turn, would mark the fastest increase since 1982, and also accelerate from December's 5.8% annual rise.The core PCE index — the Fed's preferred gauge of underlying inflation stripping out volatile food and energy prices — likely also ramped compared to December's index. Consensus economists are looking for a 5.2% increase in core PCE in January, compared to December's 4.9% rise.Expectations for the latest inflation print suggest the economy has still not yet seen the peak in price increases. And increasingly, central bank officials have come around to the notion that inflation has remained stickier than previously expected, especially as supply chain issues and virus-related disruptions persist.\"Since the December meeting, I would say that the inflation situation is about the same but probably slightly worse,\" Federal Reserve Chair Jerome Powell said in a January press conference. \"I’d be inclined to raise my own estimate of 2022 core PCE inflation ... by a few tenths today.\"And the latest print on PCE will likely reaffirm readings from other closely watched inflation prints. The January Consumer Price Index (CPI) jumped by 7.5% year-over-year to represent the largest increase since 1982, accelerating markedly from the 7.0% increase from December. And on the producer side, wholesale prices jumped 9.7% year-on-year in January, ticking down only slightly from December's record increase of 9.8%.Consumer confidenceDespite the mounting inflationary pressures, however, consumers have largely continued to spend. Retail sales rose by a better-than-expected 3.8% in January, marking the biggest jump since March 2021 and exceeding estimates.And this steady consumption has come even as consumers increasingly cited inflation as a key concern for their own personal finances. Average hourly wages have also climbed in recent months, but have still not kept pace with inflation.\"The resilience of spending stands in stark contrast to the slump in consumer confidence, with households upping their purchases of big ticket items while simultaneously reporting that now is a particularly bad time to make those purchases,\" Paul Ashworth, chief North American economist for Capital Economics, wrote in a note. \"The surge in inflation is the root cause of consumer angst. Sentiment should improve as inflation falls back later this year, but the current weakness is a reminder that real consumption growth will be muted this year.\"The Conference Board's Consumer Confidence Index due for release on Tuesday will help provide a timely snapshot of consumers' thinking following the latest spike in prices at the beginning of the year. Consensus economists are looking for the index to fall to 110.0 for February, which would mark the lowest level since September 2021, when the Delta variant had weighed on consumers' outlooks. The consumer confidence index had been at 113.8 in January.Earnings season rolls onInvestors will also receive a number of new earnings results this week, with major retailers including Home Depot (HD), Lowe's (LOW), Macy's (M) and The TJX Cos. (TJX) reporting alongside other closely watched names from Coinbase (COIN) to Wayfair (W) and Nikola (NKLA).So far this earnings season, corporate profits have remained robust, albeit while slowing compared to prior quarters. As of Friday, 84% of S&P 500 companies had reported actual fourth-quarter earnings results, according to FactSet. And the estimated earnings growth rate for S&P 500 companies in aggregate stood at 30.9%, compared to about 40% from the third quarter.Still, the estimated earnings growth rate for the fourth quarter has trended continuously higher as more companies reported better-than-expected results. On December 31, the estimated earnings growth rate for the fourth quarter had been at just 21.2%.But while results for many companies have been positive for the final three months of 2021, outlooks have weakened, reflecting lingering supply chain uncertainty, rising prices and other macro concerns. FactSet noted that of companies that held their earnings conference calls between Dec. 15 and Feb. 17, 72% of the corporations mentioned \"inflation.\"\"In terms of earnings guidance from corporations, 71% of the S&P 500 companies (55 out of 77) that have issued EPS [earnings per share] guidance for Q1 2022 have issued negative guidance,\" FactSet's John Butters wrote in a note Friday. \"This is the highest percentage of S&P 500 companies issuing negative guidance since Q3 2019 (73%).\"\"Thus, the market may be reacting more to the negative earnings guidance and downward estimates revisions for the first quarter of 2022 than the earnings surprises being reported for the fourth-quarter of 2021,\" Butters added.Economic calendarMonday: No notable reports scheduled for releaseTuesday: FHFA House Price Index, December (1.1% expected, 1.1% in November); S&P CoreLogic Case-Shiller 20-City Composite Index, December month-over-month (1.10% expected, 1.18% in November); S&P CoreLogic Case-Shiller 20-City Composite Index, December year-over-year (18.30% expected, 18.29% in November); Markit U.S. Manufacturing PMI, February preliminary (56.0 expected, 55.5 in January); Markit U.S. Services PMI, February preliminary (53.0 expected, 51.2 in January); Markit U.S. Composite PMI, February preliminary (51.1 in January); Conference Board Consumer Confidence Index, February (110.0 expected, 113.8 in January); Richmond Fed Manufacturing Index, February (10 expected, 8 in January)Wednesday: MBA Mortgage Applications, week ended February 18 (-5.4% during prior week)Thursday: Chicago Fed National Activity Index, January (-0.15 in December); GDP annualized, quarter-over-quarter, 4Q second estimate (7.0% expected, 6.9% in prior estimate); Personal consumption, 4Q second estimate (3.3% expected, 3.3% in prior estimate); Core PCE quarter-over-quarter, 4Q second estimate (4.9% expected, 4.9% in prior estimate); Kansas City Fed Manufacturing Activity, February (24 in January)Friday: Personal income, January (-0.4%, 0.3% in December); Personal spending, January (1.5% expected, -0.6% in December); Durable Goods Orders, January preliminary (0.9% -0.7% in December); Durable Goods Orders excluding transportation, January preliminary (0.3% expected, 0.6% in December); PCE deflator, January year-over-year (6.0% expected, 5.8% in December); PCE deflator, January month-over-month (0.6% expected, 0.4% in December); PCE core deflator, January year-over-year (5.2% expected, 4.9% in December); PCE core deflator, January month-over-month (0.5% expected, 0.5% in December)Earnings calendarMondayNo notable reports scheduled for releaseTuesdayBefore market open: Apache Corp. (APA), Home Depot (HD), Tempur Sealy International (TPX), Macy's (M)After market close: Caesar's Entertainment (CZR), Agilent Technologies (A), Diamondback Energy (FANG), The Mosaic Co. (MOS), Toll Brothers (TOL), Virgin Galactic (SPCE), Palo Alto Networks (PANW), Teladoc Health (TDOC)WednesdayBefore market open: Lowe's (LOW), Overstock.com (OSTK), The TJX Cos. (TJX), Cerner Corp. (CERN)After market close: Hertz (HTZ), eBay (EBAY), Revolve Group Inc. (RVLV), Booking Holdings (BKNG), FuboTV (FUBO), Allbirds (BIRD), Bath and Body Works (BBWI), Chesapeake Energy (CHK), Live Nation Entertainment (LYV), The Real Real (REAL), Lemonade (LMND)ThursdayBefore market open: Keurig Dr. Pepper (KDP), Newmont Corp. (NEM), SeaWorld Entertainment (SEAS), Moderna (MRNA), Planet Fitness (PLNT), Nikola (NKLA), Wayfair (W), Six Flags Entertainment (SIX), Discovery Inc. (DISCA), Norwegian Cruise Line Holdings (NCLH), Occidental Petroleum (OXY)After market close: Intuit (INTU), Opendoor Technologies (OPEN), Autodesk (ADSK), Coinbase (COIN), Dell Technologies (DELL), Block Inc. (SQ), Zscaler (ZS), Rocket Cos. (RKT), VMWare (VMW), Etsy (ETSY), Beyond Meat (BYND), Monster Beverage Corp. (MNST)FridayNo notable reports scheduled for release","news_type":1},"isVote":1,"tweetType":1,"viewCount":296,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9097051981,"gmtCreate":1645280338427,"gmtModify":1676534015349,"author":{"id":"4106778855791490","authorId":"4106778855791490","name":"Lin_H","avatar":"https://community-static.tradeup.com/news/4fedbac51d28d3004e4ead721c7d35fa","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4106778855791490","authorIdStr":"4106778855791490"},"themes":[],"htmlText":"OK","listText":"OK","text":"OK","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9097051981","repostId":"2212268576","repostType":4,"repost":{"id":"2212268576","pubTimestamp":1645227827,"share":"https://ttm.financial/m/news/2212268576?lang=&edition=fundamental","pubTime":"2022-02-19 07:43","market":"us","language":"en","title":"The Smartest Stocks to Buy if the Stock Market Plunges","url":"https://stock-news.laohu8.com/highlight/detail?id=2212268576","media":"Motley Fool","summary":"When crashes and corrections rear their head, so does the opportunity for investors.","content":"<html><head></head><body><p>Since the beginning of the year, Wall Street and investors have been given a reminder that stock market crashes and corrections are perfectly normal occurrences. The double-digit percentage decline the <b>S&amp;P 500</b> experienced in January marks the 39th correction of at least 10% for the widely followed index since the beginning of 1950.</p><p>But where there are crashes and corrections, there&#39;s also opportunity. That&#39;s because every sizable decline in the S&amp;P 500 has eventually been put in the rearview mirror by a bull market rally. If the broader market were to continue to plunge, the following four companies would be some of the smartest stocks to buy.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1b5364080a57bed47540a161b8615747\" tg-width=\"700\" tg-height=\"472\" width=\"100%\" height=\"auto\"/><span>Image source: Getty Images.</span></p><h2>Berkshire Hathaway</h2><p>In a world where growth stocks have dominated, perhaps no company has more consistently outperformed the broader market for decades than <b>Berkshire Hathaway</b> (NYSE:BRK.A)(NYSE:BRK.B).</p><p>Berkshire might not be a household name, but its CEO, billionaire Warren Buffett, certainly is. Since taking the reins in 1965, Buffett has led his company&#39;s Class A shares (BRK.A) to an average annual gain of better than 20%. In aggregate, we&#39;re talking about a total gain of around 3,800,000% in 57 years.</p><p>One of the key reasons the Oracle of Omaha is such a successful investor is due to his company&#39;s focus on cyclical businesses. Cyclical companies thrive when the economy is running on all cylinders and struggle when recessions arise. Buffett fully understands that recessions typically last for a few months to a couple of quarters. Comparatively, periods of expansion usually last for years, if not a decade. Warren Buffett is allowing time to be his ally and playing a simple numbers game that works in favor of ultra-long-term investors.</p><p>The other not-so-subtle secret to Berkshire Hathaway&#39;s outperformance is dividend income. This year, Buffett&#39;s company is on pace to collect over $5 billion in payouts, which works out to a yield relative to cost of around 5%. Dividend stocks are almost always profitable and time-tested. This means Buffett and his team have packed Berkshire&#39;s portfolio with successful businesses that can navigate whatever the U.S. economy and stock market throw their way.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b13f98298635a74f4491a99bf47eeded\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"/><span>Image source: Getty Images.</span></p><h2><a href=\"https://laohu8.com/S/WBA\">Walgreens Boots Alliance</a></h2><p>Healthcare stocks are usually a wise place to put your money to work if the market plunges. That&#39;s why pharmacy chain and value stock <b>Walgreens Boots Alliance</b> (NASDAQ:WBA) would be such a smart buy.</p><p>No matter how well or poorly the U.S. economy performs, or how high the year-over-year inflation figure rises, people don&#39;t get to choose when they get sick or what ailment(s) they develop. This means demand for prescription drugs, medical devices, and healthcare services tends to remain steady in any economic environment.</p><p>What specifically makes Walgreens so intriguing is the company&#39;s multipoint growth strategy targeting higher margins and a faster organic growth rate. To lift margins, the company has reduced its annual operating expenses by more than $2 billion a full fiscal year ahead of schedule.</p><p>Meanwhile, to boost the company&#39;s organic growth rate, Walgreens is spending aggressively on two key initiatives. First, it&#39;s actively promoting direct-to-consumer sales. Even though the company&#39;s brick-and-mortar locations will account for the lion&#39;s share of revenue, online sales are an easy way to boost organic growth as consumers shift their buying habits.</p><p>Second, Walgreens has partnered with, and invested in, VillageMD to open upwards of 600 co-located, full-service clinics by 2025 in over 30 U.S. markets. These physician-staffed clinics can be used to funnel repeat clients to the company&#39;s higher-margin pharmacy.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e68ecb34d6e4fd6f7dc599908229a09a\" tg-width=\"700\" tg-height=\"449\" width=\"100%\" height=\"auto\"/><span>Image source: Getty Images.</span></p><h2><a href=\"https://laohu8.com/S/PANW\">Palo Alto Networks</a></h2><p>Another exceptionally smart stock to buy if the market plunges is cybersecurity powerhouse and growth stock <b>Palo Alto Networks</b> (NASDAQ:PANW).</p><p>If you&#39;re noticing a theme with this list, it&#39;s that highly defensive sectors and industries are a smart place to put your money to work when corrections arise. Cybersecurity is a sustained double-digit growth trend which has become a basic necessity for businesses of all sizes that have an online or cloud-based presence. Hackers and robots simply don&#39;t care if Wall Street has a rough day.</p><p>There are two key reasons Palo Alto makes for such an impressive growth story. To begin with, it&#39;s undergoing a business transformation that&#39;s emphasizing subscription services. Even though the company continues to sell physical firewall products, subscription services provide better long-term margins and less revenue lumpiness. Over time, a larger percentage of total sales will derive from these higher-margin channels.</p><p>Palo Alto&#39;s other major growth driver is its many bolt-on acquisitions. Management hasn&#39;t been afraid to deploy capital in order to expand its product portfolio or broaden its pool of potential customers. These acquisitions have been pivotal in helping Palo Alto reach new small and medium-sized businesses.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7343c3ce7330b86321a8ec9384d4baea\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"/><span>Image source: Getty Images.</span></p><h2>Bank of America</h2><p>A fourth and final company that would be <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the smartest stocks to buy if the market plunges is money-center giant <b>Bank of America</b> (NYSE:BAC).</p><p>Bank stocks like BofA are highly cyclical. Even though they can occasionally get caught up in the short-term emotions that weigh down stocks, they benefit immensely from the natural expansion of the U.S. and global economy over time. This allows patient investors in large bank stocks to build their wealth steadily over time. Not surprisingly, Bank of America is Warren Buffett&#39;s second-largest holding.</p><p>What makes Bank of America such a perfect buy at the moment (and if the market continues to fall) is the upcoming shift in the Federal Reserve&#39;s monetary policy. With U.S. inflation hitting a 40-year high in January, the nation&#39;s central bank has no choice but to aggressively begin raising interest rates. No bank stock is more interest-sensitive than BofA. In its year-end report, the company noted that a 100-basis-point parallel shift in the interest rate yield curve would add an estimated $6.5 billion in net interest income.  In other words, the more inflation becomes an issue, the likelier BofA is to see a big boost to its bottom line.</p><p>Also, as I&#39;ve previously pointed out, Bank of America&#39;s digital push is really paying dividends. Over the past three years, it&#39;s added 5 million new digital active customers and seen the aggregate number of loan sales completed online or via app jump from 31% to 49%. It&#39;s far more cost-effective when customers transact digitally than in person or by phone. As consumers make this digital shift, BofA has consolidated some of its branches and lowered its expenses.</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>The Smartest Stocks to Buy if the Stock Market Plunges</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 Smartest Stocks to Buy if the Stock Market Plunges\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-19 07:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/02/18/the-smartest-stocks-to-buy-if-stock-market-plunges/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Since the beginning of the year, Wall Street and investors have been given a reminder that stock market crashes and corrections are perfectly normal occurrences. The double-digit percentage decline ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/02/18/the-smartest-stocks-to-buy-if-stock-market-plunges/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4532":"文艺复兴科技持仓","PANW":"Palo Alto Networks","WBA":"沃尔格林联合博姿","BK4553":"喜马拉雅资本持仓","BRK.A":"伯克希尔","BAC":"美国银行","BK4207":"综合性银行",".SPX":"S&P 500 Index","BK4560":"网络安全概念","BK4534":"瑞士信贷持仓","BRK.B":"伯克希尔B","BK4559":"巴菲特持仓","BK4504":"桥水持仓","BK4128":"药品零售","BK4097":"系统软件","BK4176":"多领域控股","BK4550":"红杉资本持仓","BK4533":"AQR资本管理(全球第二大对冲基金)"},"source_url":"https://www.fool.com/investing/2022/02/18/the-smartest-stocks-to-buy-if-stock-market-plunges/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2212268576","content_text":"Since the beginning of the year, Wall Street and investors have been given a reminder that stock market crashes and corrections are perfectly normal occurrences. The double-digit percentage decline the S&P 500 experienced in January marks the 39th correction of at least 10% for the widely followed index since the beginning of 1950.But where there are crashes and corrections, there's also opportunity. That's because every sizable decline in the S&P 500 has eventually been put in the rearview mirror by a bull market rally. If the broader market were to continue to plunge, the following four companies would be some of the smartest stocks to buy.Image source: Getty Images.Berkshire HathawayIn a world where growth stocks have dominated, perhaps no company has more consistently outperformed the broader market for decades than Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B).Berkshire might not be a household name, but its CEO, billionaire Warren Buffett, certainly is. Since taking the reins in 1965, Buffett has led his company's Class A shares (BRK.A) to an average annual gain of better than 20%. In aggregate, we're talking about a total gain of around 3,800,000% in 57 years.One of the key reasons the Oracle of Omaha is such a successful investor is due to his company's focus on cyclical businesses. Cyclical companies thrive when the economy is running on all cylinders and struggle when recessions arise. Buffett fully understands that recessions typically last for a few months to a couple of quarters. Comparatively, periods of expansion usually last for years, if not a decade. Warren Buffett is allowing time to be his ally and playing a simple numbers game that works in favor of ultra-long-term investors.The other not-so-subtle secret to Berkshire Hathaway's outperformance is dividend income. This year, Buffett's company is on pace to collect over $5 billion in payouts, which works out to a yield relative to cost of around 5%. Dividend stocks are almost always profitable and time-tested. This means Buffett and his team have packed Berkshire's portfolio with successful businesses that can navigate whatever the U.S. economy and stock market throw their way.Image source: Getty Images.Walgreens Boots AllianceHealthcare stocks are usually a wise place to put your money to work if the market plunges. That's why pharmacy chain and value stock Walgreens Boots Alliance (NASDAQ:WBA) would be such a smart buy.No matter how well or poorly the U.S. economy performs, or how high the year-over-year inflation figure rises, people don't get to choose when they get sick or what ailment(s) they develop. This means demand for prescription drugs, medical devices, and healthcare services tends to remain steady in any economic environment.What specifically makes Walgreens so intriguing is the company's multipoint growth strategy targeting higher margins and a faster organic growth rate. To lift margins, the company has reduced its annual operating expenses by more than $2 billion a full fiscal year ahead of schedule.Meanwhile, to boost the company's organic growth rate, Walgreens is spending aggressively on two key initiatives. First, it's actively promoting direct-to-consumer sales. Even though the company's brick-and-mortar locations will account for the lion's share of revenue, online sales are an easy way to boost organic growth as consumers shift their buying habits.Second, Walgreens has partnered with, and invested in, VillageMD to open upwards of 600 co-located, full-service clinics by 2025 in over 30 U.S. markets. These physician-staffed clinics can be used to funnel repeat clients to the company's higher-margin pharmacy.Image source: Getty Images.Palo Alto NetworksAnother exceptionally smart stock to buy if the market plunges is cybersecurity powerhouse and growth stock Palo Alto Networks (NASDAQ:PANW).If you're noticing a theme with this list, it's that highly defensive sectors and industries are a smart place to put your money to work when corrections arise. Cybersecurity is a sustained double-digit growth trend which has become a basic necessity for businesses of all sizes that have an online or cloud-based presence. Hackers and robots simply don't care if Wall Street has a rough day.There are two key reasons Palo Alto makes for such an impressive growth story. To begin with, it's undergoing a business transformation that's emphasizing subscription services. Even though the company continues to sell physical firewall products, subscription services provide better long-term margins and less revenue lumpiness. Over time, a larger percentage of total sales will derive from these higher-margin channels.Palo Alto's other major growth driver is its many bolt-on acquisitions. Management hasn't been afraid to deploy capital in order to expand its product portfolio or broaden its pool of potential customers. These acquisitions have been pivotal in helping Palo Alto reach new small and medium-sized businesses.Image source: Getty Images.Bank of AmericaA fourth and final company that would be one of the smartest stocks to buy if the market plunges is money-center giant Bank of America (NYSE:BAC).Bank stocks like BofA are highly cyclical. Even though they can occasionally get caught up in the short-term emotions that weigh down stocks, they benefit immensely from the natural expansion of the U.S. and global economy over time. This allows patient investors in large bank stocks to build their wealth steadily over time. Not surprisingly, Bank of America is Warren Buffett's second-largest holding.What makes Bank of America such a perfect buy at the moment (and if the market continues to fall) is the upcoming shift in the Federal Reserve's monetary policy. With U.S. inflation hitting a 40-year high in January, the nation's central bank has no choice but to aggressively begin raising interest rates. No bank stock is more interest-sensitive than BofA. In its year-end report, the company noted that a 100-basis-point parallel shift in the interest rate yield curve would add an estimated $6.5 billion in net interest income.  In other words, the more inflation becomes an issue, the likelier BofA is to see a big boost to its bottom line.Also, as I've previously pointed out, Bank of America's digital push is really paying dividends. Over the past three years, it's added 5 million new digital active customers and seen the aggregate number of loan sales completed online or via app jump from 31% to 49%. It's far more cost-effective when customers transact digitally than in person or by phone. As consumers make this digital shift, BofA has consolidated some of its branches and lowered its expenses.","news_type":1},"isVote":1,"tweetType":1,"viewCount":111,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9094521360,"gmtCreate":1645189750924,"gmtModify":1676534006983,"author":{"id":"4106778855791490","authorId":"4106778855791490","name":"Lin_H","avatar":"https://community-static.tradeup.com/news/4fedbac51d28d3004e4ead721c7d35fa","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4106778855791490","authorIdStr":"4106778855791490"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9094521360","repostId":"1161814268","repostType":4,"repost":{"id":"1161814268","pubTimestamp":1645194816,"share":"https://ttm.financial/m/news/1161814268?lang=&edition=fundamental","pubTime":"2022-02-18 22:33","market":"us","language":"en","title":"DraftKings Earnings Beat Estimates. Why the Stock Is Tumbling","url":"https://stock-news.laohu8.com/highlight/detail?id=1161814268","media":"Barrons","summary":"DraftKings stock has tumbled 12% in morning trading despite the sports-betting company beating earni","content":"<html><head></head><body><p>DraftKings stock has tumbled 12% in morning trading despite the sports-betting company beating earnings estimates in the fourth quarter.</p><p><img src=\"https://static.tigerbbs.com/89724923b921797671948c8c1d698dd9\" tg-width=\"708\" tg-height=\"622\" referrerpolicy=\"no-referrer\"/></p><p>The company raised its revenue guidance for 2022 but its adjusted Ebitda guidance came in worse than expected, signaling more losses ahead.</p><p>The sports betting company reported an adjusted loss of 35 cents a share on revenue of $473 million in the fourth quarter, beating estimates on both fronts.</p><p>Analysts surveyed by FactSet expected DraftKings (ticker: DKNG) to report a loss of 81 cents a share on revenue of $446 million. A year earlier, DraftKings posted a loss of 68 cents a share on revenue of $322 million.</p><p>DraftKings raised its 2022 revenue guidance to a range of $1.85 billion to $2 billion from a previous forecast of $1.7 billion to $1.9 billion but introduced guidance for adjusted Ebitda to be negative $825 million to $925 million in 2022.</p><p>That’s well below analyst estimates for a $699 million loss.</p><p>DraftKings is the No. 2 operator in the U.S. online sports gambling behind FanDuel, which is controlled by European gambling giant Flutter Entertainment.</p><p>The gambling giant’s stock has fallen more than 60% since Labor Day as investors have weighed up increasingly intense competition in the sports betting sector and the company’s heavy losses.</p></body></html>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>DraftKings Earnings Beat Estimates. Why the Stock Is Tumbling</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\">\nDraftKings Earnings Beat Estimates. Why the Stock Is Tumbling\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-18 22:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/draftkings-dkng-stock-earnings-51645177904><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>DraftKings stock has tumbled 12% in morning trading despite the sports-betting company beating earnings estimates in the fourth quarter.The company raised its revenue guidance for 2022 but its ...</p>\n\n<a href=\"https://www.barrons.com/articles/draftkings-dkng-stock-earnings-51645177904\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DKNG":"DraftKings Inc."},"source_url":"https://www.barrons.com/articles/draftkings-dkng-stock-earnings-51645177904","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161814268","content_text":"DraftKings stock has tumbled 12% in morning trading despite the sports-betting company beating earnings estimates in the fourth quarter.The company raised its revenue guidance for 2022 but its adjusted Ebitda guidance came in worse than expected, signaling more losses ahead.The sports betting company reported an adjusted loss of 35 cents a share on revenue of $473 million in the fourth quarter, beating estimates on both fronts.Analysts surveyed by FactSet expected DraftKings (ticker: DKNG) to report a loss of 81 cents a share on revenue of $446 million. A year earlier, DraftKings posted a loss of 68 cents a share on revenue of $322 million.DraftKings raised its 2022 revenue guidance to a range of $1.85 billion to $2 billion from a previous forecast of $1.7 billion to $1.9 billion but introduced guidance for adjusted Ebitda to be negative $825 million to $925 million in 2022.That’s well below analyst estimates for a $699 million loss.DraftKings is the No. 2 operator in the U.S. online sports gambling behind FanDuel, which is controlled by European gambling giant Flutter Entertainment.The gambling giant’s stock has fallen more than 60% since Labor Day as investors have weighed up increasingly intense competition in the sports betting sector and the company’s heavy losses.","news_type":1},"isVote":1,"tweetType":1,"viewCount":336,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9074835433,"gmtCreate":1658329308622,"gmtModify":1676536141836,"author":{"id":"4106778855791490","authorId":"4106778855791490","name":"Lin_H","avatar":"https://community-static.tradeup.com/news/4fedbac51d28d3004e4ead721c7d35fa","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4106778855791490","authorIdStr":"4106778855791490"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/SOXL\">$Semiconductor Bull 3X Shares(SOXL)$</a>just a small rebound in a bear market. People always FOMO","listText":"<a href=\"https://ttm.financial/S/SOXL\">$Semiconductor Bull 3X Shares(SOXL)$</a>just a small rebound in a bear market. People always FOMO","text":"$Semiconductor Bull 3X Shares(SOXL)$just a small rebound in a bear market. People always FOMO","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9074835433","isVote":1,"tweetType":1,"viewCount":316,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9095458219,"gmtCreate":1644977157966,"gmtModify":1676533982531,"author":{"id":"4106778855791490","authorId":"4106778855791490","name":"Lin_H","avatar":"https://community-static.tradeup.com/news/4fedbac51d28d3004e4ead721c7d35fa","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4106778855791490","authorIdStr":"4106778855791490"},"themes":[],"htmlText":"[smile]&nbsp;","listText":"[smile]&nbsp;","text":"[smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9095458219","repostId":"1152782505","repostType":4,"repost":{"id":"1152782505","pubTimestamp":1644976378,"share":"https://ttm.financial/m/news/1152782505?lang=&edition=fundamental","pubTime":"2022-02-16 09:52","market":"us","language":"en","title":"Why Nvidia Stock Popped Ahead of Earnings","url":"https://stock-news.laohu8.com/highlight/detail?id=1152782505","media":"Motley Fool","summary":"Piper Sandler starts the cheering early.","content":"<html><head></head><body><p><b>What happened</b></p><p>Semiconductor stock <b>Nvidia</b>(NASDAQ:NVDA) got another lift on Tuesday when investment bank <b>Piper Sandler</b> predicted -- on the day before fourth-quarter earnings arrive -- that Nvidia will deliver a &#34;significant beat and raise,&#34; asStreetInsider.comreported this morning.</p><p>As of closed Tuesday, shares jumped a solid 9.2% in response.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/424ccc4a9a1f336d549dba181beb845a\" tg-width=\"2000\" tg-height=\"1585\" referrerpolicy=\"no-referrer\"/><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><b>So what</b></p><p>&#34;Overall, demand [for Nvidia&#39;s chips] continues to be strong for gaming given the adoption of RTX GPUs with ray tracing,&#34; Piper Sandler said this morning.</p><p>Even more important for long-term investors, Piper isn&#39;t just predicting a one-day pop in the stock price after earnings come out and beat expectations. The analyst said: &#34;In our eyes, this growth appears to be in the early-to-mid stages of the growth curve, and with no signs of supply alleviating in the near term, it provides a nice backdrop for the gaming segment. On the data center side, we have heard from several companies that data center trends are very strong, which should benefit Nvidia.&#34;</p><p><b>Now what</b></p><p>In short, Piper Sandler is predicting that Nvidia will exceed expectations for 48% quarterly revenue growth and 58% earnings growth in its fourth-quarter report. But it&#39;s also predicting that the company will continue growing over the long term because the cyclical semiconductors industry is only in the early stages (or at worst, the middle) of its cycle of rising demand for chips, a cycle that should keep on growing for a few more years.</p><p>Assuming Piper is right, Nvidia is likely to comment on this trend in its earnings report tomorrow afternoon, and probably will raise guidance right after reporting on earnings. Considering that analysts were already expecting that the chipmaker will earn $4.34 per share in 2022 -- delivering 74% more profit than in 2021, on 60% revenue growth -- any raise in guidance that it delivers will mean that 2022 is going to be a great year to own Nvidia stock.</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>Why Nvidia Stock Popped Ahead of Earnings</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Nvidia Stock Popped Ahead of Earnings\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-16 09:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/02/15/why-nvidia-stock-popped-ahead-of-earnings/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>What happenedSemiconductor stock Nvidia(NASDAQ:NVDA) got another lift on Tuesday when investment bank Piper Sandler predicted -- on the day before fourth-quarter earnings arrive -- that Nvidia will ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/02/15/why-nvidia-stock-popped-ahead-of-earnings/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达"},"source_url":"https://www.fool.com/investing/2022/02/15/why-nvidia-stock-popped-ahead-of-earnings/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1152782505","content_text":"What happenedSemiconductor stock Nvidia(NASDAQ:NVDA) got another lift on Tuesday when investment bank Piper Sandler predicted -- on the day before fourth-quarter earnings arrive -- that Nvidia will deliver a \"significant beat and raise,\" asStreetInsider.comreported this morning.As of closed Tuesday, shares jumped a solid 9.2% in response.IMAGE SOURCE: GETTY IMAGES.So what\"Overall, demand [for Nvidia's chips] continues to be strong for gaming given the adoption of RTX GPUs with ray tracing,\" Piper Sandler said this morning.Even more important for long-term investors, Piper isn't just predicting a one-day pop in the stock price after earnings come out and beat expectations. The analyst said: \"In our eyes, this growth appears to be in the early-to-mid stages of the growth curve, and with no signs of supply alleviating in the near term, it provides a nice backdrop for the gaming segment. On the data center side, we have heard from several companies that data center trends are very strong, which should benefit Nvidia.\"Now whatIn short, Piper Sandler is predicting that Nvidia will exceed expectations for 48% quarterly revenue growth and 58% earnings growth in its fourth-quarter report. But it's also predicting that the company will continue growing over the long term because the cyclical semiconductors industry is only in the early stages (or at worst, the middle) of its cycle of rising demand for chips, a cycle that should keep on growing for a few more years.Assuming Piper is right, Nvidia is likely to comment on this trend in its earnings report tomorrow afternoon, and probably will raise guidance right after reporting on earnings. Considering that analysts were already expecting that the chipmaker will earn $4.34 per share in 2022 -- delivering 74% more profit than in 2021, on 60% revenue growth -- any raise in guidance that it delivers will mean that 2022 is going to be a great year to own Nvidia stock.","news_type":1},"isVote":1,"tweetType":1,"viewCount":175,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9921932642,"gmtCreate":1670951326886,"gmtModify":1676538466078,"author":{"id":"4106778855791490","authorId":"4106778855791490","name":"Lin_H","avatar":"https://community-static.tradeup.com/news/4fedbac51d28d3004e4ead721c7d35fa","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4106778855791490","authorIdStr":"4106778855791490"},"themes":[],"htmlText":"Need number 8 card, can exchange with other cards other than 1, 6, 11.","listText":"Need number 8 card, can exchange with other cards other than 1, 6, 11.","text":"Need number 8 card, can exchange with other cards other than 1, 6, 11.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9921932642","isVote":1,"tweetType":1,"viewCount":129,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9055203770,"gmtCreate":1655271989290,"gmtModify":1676535601844,"author":{"id":"4106778855791490","authorId":"4106778855791490","name":"Lin_H","avatar":"https://community-static.tradeup.com/news/4fedbac51d28d3004e4ead721c7d35fa","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4106778855791490","authorIdStr":"4106778855791490"},"themes":[],"htmlText":".","listText":".","text":".","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9055203770","repostId":"9022524674","repostType":1,"repost":{"id":9022524674,"gmtCreate":1653552819200,"gmtModify":1676535303082,"author":{"id":"3527667667103859","authorId":"3527667667103859","name":"TigerEvents","avatar":"https://community-static.tradeup.com/news/c266ef25181ace18bec1262357bbe1a8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3527667667103859","authorIdStr":"3527667667103859"},"themes":[],"title":"Time Travel with Tiger, Join the Memorabilia Adventure Now!!!","htmlText":"\n \n \n  Happy Birthday to TIGER!!! This year, we have prepared a time machine to go on an adventure with you. Come and find surprising gifts as we stroll down memory lane!There are so many wonderful little stories in our Tiger Quest. Collect as many coins as you can in the game, these will be your basic points of this game. Apart from one mini-game mission for SG/AU/NZ, the games will be open every week, and there are endless treasures waiting for you to discover. Points can be redeemed for multiple rewards, and you can win a share of up to USD 200,000 worth of prizes! Want to win extra points? Check out these mini-games, try them, stay with us and be PAWSITIVE!Remember to collect the cards and spell out \"T.I.G.E.R\" during your journey for a chance to receive the limited edition 8th Anniversary Gi\n \n","listText":"Happy Birthday to TIGER!!! This year, we have prepared a time machine to go on an adventure with you. Come and find surprising gifts as we stroll down memory lane!There are so many wonderful little stories in our Tiger Quest. Collect as many coins as you can in the game, these will be your basic points of this game. Apart from one mini-game mission for SG/AU/NZ, the games will be open every week, and there are endless treasures waiting for you to discover. Points can be redeemed for multiple rewards, and you can win a share of up to USD 200,000 worth of prizes! Want to win extra points? Check out these mini-games, try them, stay with us and be PAWSITIVE!Remember to collect the cards and spell out \"T.I.G.E.R\" during your journey for a chance to receive the limited edition 8th Anniversary Gi","text":"Happy Birthday to TIGER!!! This year, we have prepared a time machine to go on an adventure with you. Come and find surprising gifts as we stroll down memory lane!There are so many wonderful little stories in our Tiger Quest. Collect as many coins as you can in the game, these will be your basic points of this game. Apart from one mini-game mission for SG/AU/NZ, the games will be open every week, and there are endless treasures waiting for you to discover. Points can be redeemed for multiple rewards, and you can win a share of up to USD 200,000 worth of prizes! Want to win extra points? Check out these mini-games, try them, stay with us and be PAWSITIVE!Remember to collect the cards and spell out \"T.I.G.E.R\" during your journey for a chance to receive the limited edition 8th Anniversary Gi","images":[],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9022524674","isVote":1,"tweetType":2,"object":{"id":"97af7069aa6440eab7c85601f72b41b1","tweetId":"9022524674","videoUrl":"https://1254107296.vod2.myqcloud.com/73ba5544vodgzp1254107296/5836ee3f387702302012189230/1IRQdazMc4YA.mp4","poster":"https://community-static.tradeup.com/news/f2462b20b2a9a2483ae56cbb54dcb2a7"},"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":111,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9033852995,"gmtCreate":1646259849302,"gmtModify":1676534108257,"author":{"id":"4106778855791490","authorId":"4106778855791490","name":"Lin_H","avatar":"https://community-static.tradeup.com/news/4fedbac51d28d3004e4ead721c7d35fa","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4106778855791490","authorIdStr":"4106778855791490"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9033852995","repostId":"2216746421","repostType":4,"repost":{"id":"2216746421","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":1646235947,"share":"https://ttm.financial/m/news/2216746421?lang=&edition=fundamental","pubTime":"2022-03-02 23:45","market":"us","language":"en","title":"Fed's Powell says still appropriate to raise interest rates by 25 bps in March","url":"https://stock-news.laohu8.com/highlight/detail?id=2216746421","media":"Tiger Newspress","summary":"Federal Reserve chair Jerome Powell said he is inclined to support a 25 basis point rate increase at","content":"<html><head></head><body><p>Federal Reserve chair Jerome Powell said he is inclined to support a 25 basis point rate increase at the March policy meeting but said the central bank is prepared to move more aggressively later if inflation does not abate as expected.</p><p>&#34;I’m inclined to propose and support a 25 basis point rate hike,&#34; Powell testified before Congress on Wednesday about the Fed&#39;s upcoming March meeting. He added that the central bank is &#34;prepared to move more aggressively by raising the federal funds rate by more than 25 basis points&#34; at one or more meetings if inflation does not come down later this year as expected.</p><p>Fed&#39;s Powell: Need To Move Away From Highly Stimulative MonP</p><p>POWELL: THERE NEEDS TO BE CONGRESSIONAL ACTION ON CRYPTOCURR</p><p>Fed’s Powell: Inflation Seen Peaking, Starting To Abate This</p><p><b>Fed’s Powell: Still Sees 25Bps Rate Hike In March As ‘Appropriate’  - Expect To Make Progress In March Towards A Plan For Reducing B/Sheet  - Will Not Finalize B/Sheet Plan At This Meeting</b></p><p>U.S. stocks jump after Powell says he backs a quarter-point</p><p>POWELL: APPROPRIATE FOR US TO MOVE AHEAD, INFLATION IS TOO H</p><p>POWELL: FED NEEDS TO BE NIMBLE IN LIGHT OF WAR IN UKRAINE</p><p>POWELL: WE&#39;VE BEEN ON VERY HIGH ALERT FOR CYBERATTACKS</p><p>POWELL: U.S. FINANCIAL SYSTEM ROBUST ENOUGH TO DEAL WITH UKR</p><p>POWELL: WE THINK WE NEED TO ENGAGE IN A SERIES OF RATE INCRE</p><p>POWELL: U.S. DOES BENEFIT FROM BEING WORLD&#39;S RESERVE CURRENC</p><p>POWELL: POSSIBLE TO HAVE MORE THAN ONE RESERVE CURRENCY</p><p>Developing...</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's Powell says still appropriate to raise interest rates by 25 bps in March</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's Powell says still appropriate to raise interest rates by 25 bps in March\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-03-02 23:45</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Federal Reserve chair Jerome Powell said he is inclined to support a 25 basis point rate increase at the March policy meeting but said the central bank is prepared to move more aggressively later if inflation does not abate as expected.</p><p>&#34;I’m inclined to propose and support a 25 basis point rate hike,&#34; Powell testified before Congress on Wednesday about the Fed&#39;s upcoming March meeting. He added that the central bank is &#34;prepared to move more aggressively by raising the federal funds rate by more than 25 basis points&#34; at one or more meetings if inflation does not come down later this year as expected.</p><p>Fed&#39;s Powell: Need To Move Away From Highly Stimulative MonP</p><p>POWELL: THERE NEEDS TO BE CONGRESSIONAL ACTION ON CRYPTOCURR</p><p>Fed’s Powell: Inflation Seen Peaking, Starting To Abate This</p><p><b>Fed’s Powell: Still Sees 25Bps Rate Hike In March As ‘Appropriate’  - Expect To Make Progress In March Towards A Plan For Reducing B/Sheet  - Will Not Finalize B/Sheet Plan At This Meeting</b></p><p>U.S. stocks jump after Powell says he backs a quarter-point</p><p>POWELL: APPROPRIATE FOR US TO MOVE AHEAD, INFLATION IS TOO H</p><p>POWELL: FED NEEDS TO BE NIMBLE IN LIGHT OF WAR IN UKRAINE</p><p>POWELL: WE&#39;VE BEEN ON VERY HIGH ALERT FOR CYBERATTACKS</p><p>POWELL: U.S. FINANCIAL SYSTEM ROBUST ENOUGH TO DEAL WITH UKR</p><p>POWELL: WE THINK WE NEED TO ENGAGE IN A SERIES OF RATE INCRE</p><p>POWELL: U.S. DOES BENEFIT FROM BEING WORLD&#39;S RESERVE CURRENC</p><p>POWELL: POSSIBLE TO HAVE MORE THAN ONE RESERVE CURRENCY</p><p>Developing...</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯","POWL":"Powell Industries",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite","PRGS":"Progress Software Corporation"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2216746421","content_text":"Federal Reserve chair Jerome Powell said he is inclined to support a 25 basis point rate increase at the March policy meeting but said the central bank is prepared to move more aggressively later if inflation does not abate as expected.\"I’m inclined to propose and support a 25 basis point rate hike,\" Powell testified before Congress on Wednesday about the Fed's upcoming March meeting. He added that the central bank is \"prepared to move more aggressively by raising the federal funds rate by more than 25 basis points\" at one or more meetings if inflation does not come down later this year as expected.Fed's Powell: Need To Move Away From Highly Stimulative MonPPOWELL: THERE NEEDS TO BE CONGRESSIONAL ACTION ON CRYPTOCURRFed’s Powell: Inflation Seen Peaking, Starting To Abate ThisFed’s Powell: Still Sees 25Bps Rate Hike In March As ‘Appropriate’  - Expect To Make Progress In March Towards A Plan For Reducing B/Sheet  - Will Not Finalize B/Sheet Plan At This MeetingU.S. stocks jump after Powell says he backs a quarter-pointPOWELL: APPROPRIATE FOR US TO MOVE AHEAD, INFLATION IS TOO HPOWELL: FED NEEDS TO BE NIMBLE IN LIGHT OF WAR IN UKRAINEPOWELL: WE'VE BEEN ON VERY HIGH ALERT FOR CYBERATTACKSPOWELL: U.S. FINANCIAL SYSTEM ROBUST ENOUGH TO DEAL WITH UKRPOWELL: WE THINK WE NEED TO ENGAGE IN A SERIES OF RATE INCREPOWELL: U.S. DOES BENEFIT FROM BEING WORLD'S RESERVE CURRENCPOWELL: POSSIBLE TO HAVE MORE THAN ONE RESERVE CURRENCYDeveloping...","news_type":1},"isVote":1,"tweetType":1,"viewCount":356,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9039431925,"gmtCreate":1646095844934,"gmtModify":1676534090618,"author":{"id":"4106778855791490","authorId":"4106778855791490","name":"Lin_H","avatar":"https://community-static.tradeup.com/news/4fedbac51d28d3004e4ead721c7d35fa","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4106778855791490","authorIdStr":"4106778855791490"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9039431925","repostId":"1135185997","repostType":4,"repost":{"id":"1135185997","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":1646089666,"share":"https://ttm.financial/m/news/1135185997?lang=&edition=fundamental","pubTime":"2022-03-01 07:07","market":"us","language":"en","title":"S&P 500 Ends Lower as West Hits Russia with Sanctions","url":"https://stock-news.laohu8.com/highlight/detail?id=1135185997","media":"Reuters","summary":"(Reuters) - The S&P 500 ended lower after a volatile session on Monday, with investors wrestling with uncertainty and bank stocks dropping following powerful Western sanctions against Russia as it con","content":"<html><head></head><body><p>(Reuters) - The S&amp;P 500 ended lower after a volatile session on Monday, with investors wrestling with uncertainty and bank stocks dropping following powerful Western sanctions against Russia as it continued its invasion of Ukraine.</p><p>Helping the Nasdaq close in positive territory after opening at a loss, electric car makers Tesla and Rivian Automotive jumped 7.5% and 6.5%, respectively.</p><p>Citigroup fell 4.5% and helped push the S&amp;P 500 banks index down 2.35% as the U.S. 10-year Treasury yield slipped. The broader S&amp;P 500 financial index dropped 1.5%.</p><p>Global stocks slumped, the Russian rouble tanked to record lows and safe-haven assets got a boost after Western allies imposed new sanctions that limited Moscow&#39;s ability to deploy its $630 billion foreign reserves and cut off some of its banks from the SWIFT global payments system.</p><p>Russian artillery bombarded residential districts of Ukraine&#39;s second-largest city, as Moscow&#39;s invading forces met stiff resistance on a fifth day of conflict.</p><p>&#34;The Russia-Ukraine invasion in itself is not likely going to be a long-term headwind for U.S. equities. But I think in the short term, it&#39;s a massive contributor to the equity pullback,&#34; said Sylvia Jablonski, chief investment officer at Defiance ETFs.</p><p>The S&amp;P 500 energy sector rallied 2.6%, thanks to higher oil prices. [O/R]</p><p>Defense stocks Raytheon Technologies, Lockheed Martin Corp, General Dynamics Corp, Northrop Grumman and L3Harris Technologies gained between 2.8% and 8% following news that Germany would increase its military spending.</p><p>Cybersecurity stocks also rallied, with <a href=\"https://laohu8.com/S/PANW\">Palo Alto Networks</a>, Fortinet, Zscaler and CrowdStrike Holdings all climbing more than 4%.</p><p>The Dow Jones Industrial Average fell 0.49% to end at 33,892.6 points, while the S&amp;P 500 lost 0.24% to 4,373.94.</p><p>The Nasdaq Composite climbed 0.41% to 13,751.40, ending higher for the third straight session.</p><p>Monday&#39;s session was busy. Volume on U.S. exchanges was 14.5 billion shares, compared with the 12.2 billion average for the full session over the last 20 trading days.</p><p>The S&amp;P 500 fell 3.15% in February, while the Nasdaq lost 3.43%. So far in 2022, the S&amp;P 500 has lost over 8%, the index&#39;s deepest two-month decline since March 2020.</p><p>The worsening geopolitical crisis has added to investors&#39; concerns about soaring inflation and the Federal Reserve&#39;s rate-hike plans. The S&amp;P 500 and the Nasdaq logged their biggest two-month declines since the pandemic-led crash in March 2020.</p><p>The CBOE volatility index, also known as Wall Street&#39;s fear gauge, rose for a second straight session.</p><p>Delta Air Lines Inc dropped 3.9% after Russia closed its airspace to airlines from 36 countries in response to Ukraine-related sanctions targeting its aviation sector.</p><p>First Horizon Corp surged 29% after TD Bank Group offered to acquire the U.S. bank in an all-cash deal valued at $13.4 billion.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 1.10-to-1 ratio; on Nasdaq, a 1.03-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 20 new 52-week highs and five new lows; the Nasdaq Composite recorded 45 new highs and 92 new lows.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>S&P 500 Ends Lower as West Hits Russia with Sanctions</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\">\nS&P 500 Ends Lower as West Hits Russia with Sanctions\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\">2022-03-01 07:07</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>(Reuters) - The S&amp;P 500 ended lower after a volatile session on Monday, with investors wrestling with uncertainty and bank stocks dropping following powerful Western sanctions against Russia as it continued its invasion of Ukraine.</p><p>Helping the Nasdaq close in positive territory after opening at a loss, electric car makers Tesla and Rivian Automotive jumped 7.5% and 6.5%, respectively.</p><p>Citigroup fell 4.5% and helped push the S&amp;P 500 banks index down 2.35% as the U.S. 10-year Treasury yield slipped. The broader S&amp;P 500 financial index dropped 1.5%.</p><p>Global stocks slumped, the Russian rouble tanked to record lows and safe-haven assets got a boost after Western allies imposed new sanctions that limited Moscow&#39;s ability to deploy its $630 billion foreign reserves and cut off some of its banks from the SWIFT global payments system.</p><p>Russian artillery bombarded residential districts of Ukraine&#39;s second-largest city, as Moscow&#39;s invading forces met stiff resistance on a fifth day of conflict.</p><p>&#34;The Russia-Ukraine invasion in itself is not likely going to be a long-term headwind for U.S. equities. But I think in the short term, it&#39;s a massive contributor to the equity pullback,&#34; said Sylvia Jablonski, chief investment officer at Defiance ETFs.</p><p>The S&amp;P 500 energy sector rallied 2.6%, thanks to higher oil prices. [O/R]</p><p>Defense stocks Raytheon Technologies, Lockheed Martin Corp, General Dynamics Corp, Northrop Grumman and L3Harris Technologies gained between 2.8% and 8% following news that Germany would increase its military spending.</p><p>Cybersecurity stocks also rallied, with <a href=\"https://laohu8.com/S/PANW\">Palo Alto Networks</a>, Fortinet, Zscaler and CrowdStrike Holdings all climbing more than 4%.</p><p>The Dow Jones Industrial Average fell 0.49% to end at 33,892.6 points, while the S&amp;P 500 lost 0.24% to 4,373.94.</p><p>The Nasdaq Composite climbed 0.41% to 13,751.40, ending higher for the third straight session.</p><p>Monday&#39;s session was busy. Volume on U.S. exchanges was 14.5 billion shares, compared with the 12.2 billion average for the full session over the last 20 trading days.</p><p>The S&amp;P 500 fell 3.15% in February, while the Nasdaq lost 3.43%. So far in 2022, the S&amp;P 500 has lost over 8%, the index&#39;s deepest two-month decline since March 2020.</p><p>The worsening geopolitical crisis has added to investors&#39; concerns about soaring inflation and the Federal Reserve&#39;s rate-hike plans. The S&amp;P 500 and the Nasdaq logged their biggest two-month declines since the pandemic-led crash in March 2020.</p><p>The CBOE volatility index, also known as Wall Street&#39;s fear gauge, rose for a second straight session.</p><p>Delta Air Lines Inc dropped 3.9% after Russia closed its airspace to airlines from 36 countries in response to Ukraine-related sanctions targeting its aviation sector.</p><p>First Horizon Corp surged 29% after TD Bank Group offered to acquire the U.S. bank in an all-cash deal valued at $13.4 billion.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 1.10-to-1 ratio; on Nasdaq, a 1.03-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 20 new 52-week highs and five new lows; the Nasdaq Composite recorded 45 new highs and 92 new lows.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","SSO":"两倍做多标普500ETF","BK4559":"巴菲特持仓","SDS":"两倍做空标普500ETF","SPY":"标普500ETF","OEF":"标普100指数ETF-iShares","BK4534":"瑞士信贷持仓","UPRO":"三倍做多标普500ETF","BK4550":"红杉资本持仓","BK4504":"桥水持仓","SPXU":"三倍做空标普500ETF","SH":"标普500反向ETF","IVV":"标普500指数ETF",".SPX":"S&P 500 Index","OEX":"标普100"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1135185997","content_text":"(Reuters) - The S&P 500 ended lower after a volatile session on Monday, with investors wrestling with uncertainty and bank stocks dropping following powerful Western sanctions against Russia as it continued its invasion of Ukraine.Helping the Nasdaq close in positive territory after opening at a loss, electric car makers Tesla and Rivian Automotive jumped 7.5% and 6.5%, respectively.Citigroup fell 4.5% and helped push the S&P 500 banks index down 2.35% as the U.S. 10-year Treasury yield slipped. The broader S&P 500 financial index dropped 1.5%.Global stocks slumped, the Russian rouble tanked to record lows and safe-haven assets got a boost after Western allies imposed new sanctions that limited Moscow's ability to deploy its $630 billion foreign reserves and cut off some of its banks from the SWIFT global payments system.Russian artillery bombarded residential districts of Ukraine's second-largest city, as Moscow's invading forces met stiff resistance on a fifth day of conflict.\"The Russia-Ukraine invasion in itself is not likely going to be a long-term headwind for U.S. equities. But I think in the short term, it's a massive contributor to the equity pullback,\" said Sylvia Jablonski, chief investment officer at Defiance ETFs.The S&P 500 energy sector rallied 2.6%, thanks to higher oil prices. [O/R]Defense stocks Raytheon Technologies, Lockheed Martin Corp, General Dynamics Corp, Northrop Grumman and L3Harris Technologies gained between 2.8% and 8% following news that Germany would increase its military spending.Cybersecurity stocks also rallied, with Palo Alto Networks, Fortinet, Zscaler and CrowdStrike Holdings all climbing more than 4%.The Dow Jones Industrial Average fell 0.49% to end at 33,892.6 points, while the S&P 500 lost 0.24% to 4,373.94.The Nasdaq Composite climbed 0.41% to 13,751.40, ending higher for the third straight session.Monday's session was busy. Volume on U.S. exchanges was 14.5 billion shares, compared with the 12.2 billion average for the full session over the last 20 trading days.The S&P 500 fell 3.15% in February, while the Nasdaq lost 3.43%. So far in 2022, the S&P 500 has lost over 8%, the index's deepest two-month decline since March 2020.The worsening geopolitical crisis has added to investors' concerns about soaring inflation and the Federal Reserve's rate-hike plans. The S&P 500 and the Nasdaq logged their biggest two-month declines since the pandemic-led crash in March 2020.The CBOE volatility index, also known as Wall Street's fear gauge, rose for a second straight session.Delta Air Lines Inc dropped 3.9% after Russia closed its airspace to airlines from 36 countries in response to Ukraine-related sanctions targeting its aviation sector.First Horizon Corp surged 29% after TD Bank Group offered to acquire the U.S. bank in an all-cash deal valued at $13.4 billion.Declining issues outnumbered advancing ones on the NYSE by a 1.10-to-1 ratio; on Nasdaq, a 1.03-to-1 ratio favored decliners.The S&P 500 posted 20 new 52-week highs and five new lows; the Nasdaq Composite recorded 45 new highs and 92 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":312,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":190469575983224,"gmtCreate":1687526882274,"gmtModify":1687526887066,"author":{"id":"4106778855791490","authorId":"4106778855791490","name":"Lin_H","avatar":"https://community-static.tradeup.com/news/4fedbac51d28d3004e4ead721c7d35fa","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4106778855791490","authorIdStr":"4106778855791490"},"themes":[],"htmlText":"ok[微笑]&nbsp;[微笑]&nbsp;[微笑]&nbsp;","listText":"ok[微笑]&nbsp;[微笑]&nbsp;[微笑]&nbsp;","text":"ok[微笑] [微笑] [微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/190469575983224","isVote":1,"tweetType":1,"viewCount":212,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9928957239,"gmtCreate":1671178201721,"gmtModify":1676538504260,"author":{"id":"4106778855791490","authorId":"4106778855791490","name":"Lin_H","avatar":"https://community-static.tradeup.com/news/4fedbac51d28d3004e4ead721c7d35fa","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4106778855791490","authorIdStr":"4106778855791490"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9928957239","isVote":1,"tweetType":1,"viewCount":194,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9929243087,"gmtCreate":1670686569750,"gmtModify":1676538417264,"author":{"id":"4106778855791490","authorId":"4106778855791490","name":"Lin_H","avatar":"https://community-static.tradeup.com/news/4fedbac51d28d3004e4ead721c7d35fa","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4106778855791490","authorIdStr":"4106778855791490"},"themes":[],"htmlText":"[微笑]&nbsp;","listText":"[微笑]&nbsp;","text":"[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9929243087","isVote":1,"tweetType":1,"viewCount":19,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9929337469,"gmtCreate":1670599276951,"gmtModify":1676538402195,"author":{"id":"4106778855791490","authorId":"4106778855791490","name":"Lin_H","avatar":"https://community-static.tradeup.com/news/4fedbac51d28d3004e4ead721c7d35fa","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4106778855791490","authorIdStr":"4106778855791490"},"themes":[],"htmlText":"[微笑]&nbsp;","listText":"[微笑]&nbsp;","text":"[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9929337469","isVote":1,"tweetType":1,"viewCount":49,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9964399064,"gmtCreate":1670071642458,"gmtModify":1676538298340,"author":{"id":"4106778855791490","authorId":"4106778855791490","name":"Lin_H","avatar":"https://community-static.tradeup.com/news/4fedbac51d28d3004e4ead721c7d35fa","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4106778855791490","authorIdStr":"4106778855791490"},"themes":[],"htmlText":"[微笑]&nbsp;","listText":"[微笑]&nbsp;","text":"[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9964399064","isVote":1,"tweetType":1,"viewCount":199,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}