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2022-11-17

This fed Always come out and bark when market slightly improve. Rubbish

Fed’s Bullard Says More Hikes Needed to Get to Restrictive Level

2022-09-30

$XPeng Inc.(XPEV)$bottom at $10 🤔

2022-09-26

$NIO Inc.(NIO)$hold on for the Oct 8th rally 💪

2022-09-13

$NIO Inc.(NIO)$

2022-08-11

There's always negative news trying to manipulate the price. Nothing new 🤷‍♂️

Alibaba: More Bad News

2022-06-03

$NVIDIA Corp(NVDA)$the gap that needs to fill $258 and its on the way up 👊

2022-05-29

The nasdaq chart seems like trying to push to 13,600 zone before pulling back [Thinking]

Why the Dow Finally Bounced, and What It Will Take to Convince Investors It's for Real

2022-05-27

👌

Sorry, the original content has been removed

2022-05-06

$NVIDIA Corp(NVDA)$amd is positive so nvidia will follow. Green for the day

2022-04-22

$NVIDIA Corp(NVDA)$critical level at $200. Hold well and push for $209 today [Gosh]

2022-03-15

$Alibaba(BABA)$Most likely is going back to ipo price. $68-$70 should be a good entry point

2022-02-18

👍

@华尔街情报圈:Financial markets seem to have changed overnight

Go to Tiger App to see more news

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fed Always come out and bark when market slightly improve. 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Rubbish","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9963269402","repostId":"1101225329","repostType":4,"repost":{"id":"1101225329","kind":"news","pubTimestamp":1668692266,"share":"https://ttm.financial/m/news/1101225329?lang=&edition=fundamental","pubTime":"2022-11-17 21:37","market":"us","language":"en","title":"Fed’s Bullard Says More Hikes Needed to Get to Restrictive Level","url":"https://stock-news.laohu8.com/highlight/detail?id=1101225329","media":"Bloomberg","summary":"Policy rules that he presents show 5%-7% restrictive ratesTightening has had limited effect on infla","content":"<html><head></head><body><ul><li>Policy rules that he presents show 5%-7% restrictive rates</li><li>Tightening has had limited effect on inflation so far, he says</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1df3fa84ee0ce74fcc1806893b9021a7\" tg-width=\"800\" tg-height=\"533\" referrerpolicy=\"no-referrer\"/><span>James Bullard</span></p><p>Federal Reserve Bank of St. Louis President James Bullard urged policymakers to raise interest rates further, saying the level will need to be higher to meet the central bank’s goal to be “sufficiently restrictive” to bring down inflation.</p><p>“Even under these generous assumptions, the policy rate is not yet in a zone that may be considered sufficiently restrictive,” Bullard said Thursday in Louisville, Kentucky at an event hosted by Greater Louisville Inc. “To attain a sufficiently restrictive level, the policy rate will need to be increased further.”</p><p>Bullard presented charts showing a sufficiently restrictive rate might be between about 5% and 7%, though he didn’t spell out in his prepared remarks what rate level he favored. The calculation used different versions of a Taylor Rule, a popular monetary policy guideline developed by Stanford University’s John Taylor. That compares with the current 3.75% to 4% target level of the Fed’s benchmark rate, which it reached earlier this month.</p><p>The St. Louis Fed leader, who has been among the more hawkish of policy makers this year, was the latest central banker to call for additional action. The Fed raised rates by 75 basis points on Nov. 2 for the fourth straight time as part of its most aggressive tightening since the 1980s to curb an inflation rate at a four-decade high.</p><p>“Thus far, the change in the monetary-policy stance appears to have had only limited effects on observed inflation, but market pricing suggests disinflation is expected in 2023,” Bullard said.</p><p>Bullard in his prepared comments didn’t say whether he would favor a 50 or 75 basis-point move at the Fed’s Dec. 13-14 meeting. A number of his colleagues have called for a downshift in the size of the next rate increase following last week’s consumer price report, which showed a softening in core consumer goods inflation.</p><p>“It is possible that increased financial stress could develop,” Bullard said. However, the transparency with which these policy rate increases have been delivered, along with forward guidance, “seems to have allowed for a relatively orderly transition to a higher level of interest rates so far,” he said.</p><p>Bullard said the St. Louis Fed’s financial stress index is so far indicating a relatively low level of financial stress, despite the sharp increase in rates this year.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fed’s Bullard Says More Hikes Needed to Get to Restrictive Level</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\">\nFed’s Bullard Says More Hikes Needed to Get to Restrictive Level\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-17 21:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-11-17/fed-s-bullard-says-more-hikes-needed-to-get-to-restrictive-level?srnd=premium><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Policy rules that he presents show 5%-7% restrictive ratesTightening has had limited effect on inflation so far, he saysJames BullardFederal Reserve Bank of St. Louis President James Bullard urged ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-11-17/fed-s-bullard-says-more-hikes-needed-to-get-to-restrictive-level?srnd=premium\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.bloomberg.com/news/articles/2022-11-17/fed-s-bullard-says-more-hikes-needed-to-get-to-restrictive-level?srnd=premium","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1101225329","content_text":"Policy rules that he presents show 5%-7% restrictive ratesTightening has had limited effect on inflation so far, he saysJames BullardFederal Reserve Bank of St. Louis President James Bullard urged policymakers to raise interest rates further, saying the level will need to be higher to meet the central bank’s goal to be “sufficiently restrictive” to bring down inflation.“Even under these generous assumptions, the policy rate is not yet in a zone that may be considered sufficiently restrictive,” Bullard said Thursday in Louisville, Kentucky at an event hosted by Greater Louisville Inc. “To attain a sufficiently restrictive level, the policy rate will need to be increased further.”Bullard presented charts showing a sufficiently restrictive rate might be between about 5% and 7%, though he didn’t spell out in his prepared remarks what rate level he favored. The calculation used different versions of a Taylor Rule, a popular monetary policy guideline developed by Stanford University’s John Taylor. That compares with the current 3.75% to 4% target level of the Fed’s benchmark rate, which it reached earlier this month.The St. Louis Fed leader, who has been among the more hawkish of policy makers this year, was the latest central banker to call for additional action. The Fed raised rates by 75 basis points on Nov. 2 for the fourth straight time as part of its most aggressive tightening since the 1980s to curb an inflation rate at a four-decade high.“Thus far, the change in the monetary-policy stance appears to have had only limited effects on observed inflation, but market pricing suggests disinflation is expected in 2023,” Bullard said.Bullard in his prepared comments didn’t say whether he would favor a 50 or 75 basis-point move at the Fed’s Dec. 13-14 meeting. A number of his colleagues have called for a downshift in the size of the next rate increase following last week’s consumer price report, which showed a softening in core consumer goods inflation.“It is possible that increased financial stress could develop,” Bullard said. However, the transparency with which these policy rate increases have been delivered, along with forward guidance, “seems to have allowed for a relatively orderly transition to a higher level of interest rates so far,” he said.Bullard said the St. Louis Fed’s financial stress index is so far indicating a relatively low level of financial stress, despite the sharp increase in rates this year.","news_type":1},"isVote":1,"tweetType":1,"viewCount":523,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9916323252,"gmtCreate":1664514322177,"gmtModify":1676537469792,"author":{"id":"4107586801974480","authorId":"4107586801974480","name":"3d35dd3","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4107586801974480","authorIdStr":"4107586801974480"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/XPEV\">$XPeng Inc.(XPEV)$</a>bottom at $10 🤔","listText":"<a href=\"https://ttm.financial/S/XPEV\">$XPeng Inc.(XPEV)$</a>bottom at $10 🤔","text":"$XPeng Inc.(XPEV)$bottom at $10 🤔","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9916323252","isVote":1,"tweetType":1,"viewCount":532,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9911848325,"gmtCreate":1664180861667,"gmtModify":1676537404298,"author":{"id":"4107586801974480","authorId":"4107586801974480","name":"3d35dd3","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4107586801974480","authorIdStr":"4107586801974480"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/NIO\">$NIO Inc.(NIO)$</a><v-v data-views=\"1\"></v-v>hold on for the Oct 8th rally 💪","listText":"<a href=\"https://ttm.financial/S/NIO\">$NIO Inc.(NIO)$</a><v-v data-views=\"1\"></v-v>hold on for the Oct 8th rally 💪","text":"$NIO Inc.(NIO)$hold on for the Oct 8th rally 💪","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9911848325","isVote":1,"tweetType":1,"viewCount":791,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9935634823,"gmtCreate":1663079380762,"gmtModify":1676537198484,"author":{"id":"4107586801974480","authorId":"4107586801974480","name":"3d35dd3","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4107586801974480","authorIdStr":"4107586801974480"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/NIO\">$NIO Inc.(NIO)$</a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/NIO\">$NIO Inc.(NIO)$</a><v-v data-views=\"1\"></v-v>","text":"$NIO Inc.(NIO)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9935634823","isVote":1,"tweetType":1,"viewCount":525,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9907503406,"gmtCreate":1660208614108,"gmtModify":1703479112436,"author":{"id":"4107586801974480","authorId":"4107586801974480","name":"3d35dd3","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4107586801974480","authorIdStr":"4107586801974480"},"themes":[],"htmlText":"There's always negative news trying to manipulate the price. Nothing new 🤷‍♂️","listText":"There's always negative news trying to manipulate the price. Nothing new 🤷‍♂️","text":"There's always negative news trying to manipulate the price. Nothing new 🤷‍♂️","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9907503406","repostId":"1103823286","repostType":2,"repost":{"id":"1103823286","kind":"news","pubTimestamp":1660231920,"share":"https://ttm.financial/m/news/1103823286?lang=&edition=fundamental","pubTime":"2022-08-11 23:32","market":"us","language":"en","title":"Alibaba: More Bad News","url":"https://stock-news.laohu8.com/highlight/detail?id=1103823286","media":"Seeking Alpha","summary":"SummaryAlibaba's shares are trading at seemingly attractive valuation multiples but investors should","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Alibaba&#39;s shares are trading at seemingly attractive valuation multiples but investors shouldn&#39;t fall into the trap.</li><li>Prospects for investing in Alibaba have significantly deteriorated in recent weeks.</li><li>Risk-averse investors may want to avoid the stock for the time being.</li></ul><p>Alibaba&#39;s (NYSE:BABA) (OTCPK:BABAF) shares are down over 50% in the last year and many investors are getting tempted to buy. The general rationale is that the stock has fallen enough already and that it should only rally on from here on out. While that might have been a compelling contrarian argument till a few weeks ago, it&#39;s now rife with problems, speculation and stretched assumptions. In this article, I&#39;ll explain why investors may want to avoid the value trap that Alibaba is gradually turning out to be. Let&#39;s take a closer look at it all.</p><p><b>The Valuation Misconception</b></p><p>Let me start by saying that Alibaba&#39;s shares are trading at just 2.1-times its trailing twelve-month sales. This is quite low, especially when considering that the stock used to trade at over 24-times its sales back in 2015. Given this steep discount compared to its own prior levels, contrarian investors have been arguing that the stock is attractively valued and that it doesn&#39;t have much downside potential left from current levels.</p><p>While that sounds like a compelling argument, the problem here is that industry comparables are trading at even more attractive multiples. The chart below should put things in perspective. The X-axis plots the Price-to-Sales (or P/S) multiples for over 25 internet retail stocks that are listed on US bourses. Note how Alibaba is horizontally positioned slightly towards the right, indicating that its trading at levels that are marginally higher than the industry average.</p><p><img src=\"https://static.tigerbbs.com/f5d6db06c8da4548d2002f11348dc0e4\" tg-width=\"640\" tg-height=\"358\" referrerpolicy=\"no-referrer\"/></p><p>BusinessQuant.com</p><p>Now, let&#39;s shift attention to the Y-axis, which plots the revenue growth rates for the same set of companies. Note how Alibaba is vertically positioned much lower than a broad swath of its other listed peers. This suggests that the stock is valued slightly higher than the industry average but its revenue growth rate is lower than most its peers in general. This implies that Alibaba&#39;s shares have room to correct further, in order to justify its subpar growth rate.</p><p>There are at least 14 other stocks classified in the internet retail industry, that are growing faster than Alibaba but trading at lower P/S multiples. This disparity is all the more prominent when we consider that Alibaba&#39;s US-listed shares offer an ownership only in a shell company floated in Cayman Islands, whereas its other attractively-priced US-based peers offer ownership in actual companies. Because of this difference in the nature of securities, Alibaba&#39;s shares should ideally be trading at a discount compared to its US-based peers in the first place, but it&#39;s actually trading at a slight premium instead. This should encourage contrarian investors to reconsider their thesis for the e-commerce giant.</p><p><b>The Growth Slowdown</b></p><p>Moving on, the Chinese government hasn&#39;t hiked its interest rates in recent months, unlike the US. This suggests the Chinese economy will continue growing at a relatively faster pace and companies operating there should, at least in theory, thrive while other global economies stagnate and/or go into recession. This industry tailwind should indeed boost Alibaba&#39;s growth prospects and it&#39;s admittedly a silver lining in the whole contrarian narrative.</p><p>But there&#39;s a problem here as well. Hindering consumer spending in Q3 may trigger a more profound slowdown for Alibaba and other similarly positioned Chinese e-commerce companies, negating the positives of low interest rates in the country. This is gradually reflected in the Street&#39;s forecasts - note how analysts have been gradually lowering their revenue estimates for the company in nearly every passing week.</p><p><img src=\"https://static.tigerbbs.com/e2fe58214fe586338142e205e80429ea\" tg-width=\"637\" tg-height=\"437\" referrerpolicy=\"no-referrer\"/></p><p>Ycharts</p><p>This situation should again encourage investors to rethink their rationale for Alibaba.</p><p><b>The Delisting Risk</b></p><p>Lastly, contrarian investors are hopeful that delisting fears pertaining to Alibaba are exaggerated and not really a matter of concern. However, the risk is very real. The SEC published a yet another list about 10 days ago, noting that Alibaba and 270 other Chinese companies will be forcefully delisted from US bourses if they don&#39;t open up for audit inspections.</p><p>Chinese regulators had reassured investors earlier this year that they&#39;re going to work with the SEC and comply with their audit requirements, in order to prevent mass delisting of Chinese stocks from US bourses. But I&#39;ve been warning investors that the regulators haven&#39;t been making any progress and the risk remains. The prospect of such progress seems even more unlikely now.</p><p>One might argue that Alibaba is listed on Hong Kong bourses so a delisting in the US won&#39;t make a difference. But it will. The prospect of Alibaba&#39;s shares getting delisted in the US, is likely to prompt a mass selloff by institutional investors that have mandates to invest in only US stocks. Besides, the financial cost of owning Hong Kong-listed stocks is far higher for US citizens, so retail investors are likely to sell their shares too in large numbers.</p><p>Moreover, it&#39;s not like Hong Kong-listed shares have been performing any better than their US-listed shares. Both the stocks have continuously declined for the better part of the past year and I expect the downtrend to continue in Hong Kong listed shares going forward as well, given the deteriorating growth prospects for Alibaba as a company and its stretched valuation in general.</p><p><img src=\"https://static.tigerbbs.com/e429e60a44011b271d8005a772849ddd\" tg-width=\"640\" tg-height=\"328\" referrerpolicy=\"no-referrer\"/></p><p>Yahoo Finance</p><p><b>Final Thoughts</b></p><p>There&#39;s no denying that Alibaba has grown its top line at a rapid rate in the past decade. The company has expanded its operations over time and its different revenue streams have all continued to grow over the years. This is a commendable feat and an enviable position to be in.</p><p><img src=\"https://static.tigerbbs.com/44d14b4467c4d87ffa64fe2f60f01bb1\" tg-width=\"640\" tg-height=\"672\" referrerpolicy=\"no-referrer\"/></p><p>BusinessQuant.com</p><p>However, there are now several risks associated with investing in Alibaba, namely decelerating revenue growth, the risk of getting delisted from US exchanges and its relatively pricey valuations in general. So, risk-averse investors may want to avoid investing in Alibaba for the time being at least. The stock seems tempting at current levels, but it&#39;s rife with issues.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba: More Bad News</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba: More Bad News\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-11 23:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4532407-alibaba-more-bad-news?source=content_type%3Aall%7Cfirst_level_url%3Aportfolio%7Csection%3Aportfolio_content_unit%7Csection_asset%3Alatest%7Cline%3A3><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryAlibaba's shares are trading at seemingly attractive valuation multiples but investors shouldn't fall into the trap.Prospects for investing in Alibaba have significantly deteriorated in recent ...</p>\n\n<a href=\"https://seekingalpha.com/article/4532407-alibaba-more-bad-news?source=content_type%3Aall%7Cfirst_level_url%3Aportfolio%7Csection%3Aportfolio_content_unit%7Csection_asset%3Alatest%7Cline%3A3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴","09988":"阿里巴巴-W"},"source_url":"https://seekingalpha.com/article/4532407-alibaba-more-bad-news?source=content_type%3Aall%7Cfirst_level_url%3Aportfolio%7Csection%3Aportfolio_content_unit%7Csection_asset%3Alatest%7Cline%3A3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103823286","content_text":"SummaryAlibaba's shares are trading at seemingly attractive valuation multiples but investors shouldn't fall into the trap.Prospects for investing in Alibaba have significantly deteriorated in recent weeks.Risk-averse investors may want to avoid the stock for the time being.Alibaba's (NYSE:BABA) (OTCPK:BABAF) shares are down over 50% in the last year and many investors are getting tempted to buy. The general rationale is that the stock has fallen enough already and that it should only rally on from here on out. While that might have been a compelling contrarian argument till a few weeks ago, it's now rife with problems, speculation and stretched assumptions. In this article, I'll explain why investors may want to avoid the value trap that Alibaba is gradually turning out to be. Let's take a closer look at it all.The Valuation MisconceptionLet me start by saying that Alibaba's shares are trading at just 2.1-times its trailing twelve-month sales. This is quite low, especially when considering that the stock used to trade at over 24-times its sales back in 2015. Given this steep discount compared to its own prior levels, contrarian investors have been arguing that the stock is attractively valued and that it doesn't have much downside potential left from current levels.While that sounds like a compelling argument, the problem here is that industry comparables are trading at even more attractive multiples. The chart below should put things in perspective. The X-axis plots the Price-to-Sales (or P/S) multiples for over 25 internet retail stocks that are listed on US bourses. Note how Alibaba is horizontally positioned slightly towards the right, indicating that its trading at levels that are marginally higher than the industry average.BusinessQuant.comNow, let's shift attention to the Y-axis, which plots the revenue growth rates for the same set of companies. Note how Alibaba is vertically positioned much lower than a broad swath of its other listed peers. This suggests that the stock is valued slightly higher than the industry average but its revenue growth rate is lower than most its peers in general. This implies that Alibaba's shares have room to correct further, in order to justify its subpar growth rate.There are at least 14 other stocks classified in the internet retail industry, that are growing faster than Alibaba but trading at lower P/S multiples. This disparity is all the more prominent when we consider that Alibaba's US-listed shares offer an ownership only in a shell company floated in Cayman Islands, whereas its other attractively-priced US-based peers offer ownership in actual companies. Because of this difference in the nature of securities, Alibaba's shares should ideally be trading at a discount compared to its US-based peers in the first place, but it's actually trading at a slight premium instead. This should encourage contrarian investors to reconsider their thesis for the e-commerce giant.The Growth SlowdownMoving on, the Chinese government hasn't hiked its interest rates in recent months, unlike the US. This suggests the Chinese economy will continue growing at a relatively faster pace and companies operating there should, at least in theory, thrive while other global economies stagnate and/or go into recession. This industry tailwind should indeed boost Alibaba's growth prospects and it's admittedly a silver lining in the whole contrarian narrative.But there's a problem here as well. Hindering consumer spending in Q3 may trigger a more profound slowdown for Alibaba and other similarly positioned Chinese e-commerce companies, negating the positives of low interest rates in the country. This is gradually reflected in the Street's forecasts - note how analysts have been gradually lowering their revenue estimates for the company in nearly every passing week.YchartsThis situation should again encourage investors to rethink their rationale for Alibaba.The Delisting RiskLastly, contrarian investors are hopeful that delisting fears pertaining to Alibaba are exaggerated and not really a matter of concern. However, the risk is very real. The SEC published a yet another list about 10 days ago, noting that Alibaba and 270 other Chinese companies will be forcefully delisted from US bourses if they don't open up for audit inspections.Chinese regulators had reassured investors earlier this year that they're going to work with the SEC and comply with their audit requirements, in order to prevent mass delisting of Chinese stocks from US bourses. But I've been warning investors that the regulators haven't been making any progress and the risk remains. The prospect of such progress seems even more unlikely now.One might argue that Alibaba is listed on Hong Kong bourses so a delisting in the US won't make a difference. But it will. The prospect of Alibaba's shares getting delisted in the US, is likely to prompt a mass selloff by institutional investors that have mandates to invest in only US stocks. Besides, the financial cost of owning Hong Kong-listed stocks is far higher for US citizens, so retail investors are likely to sell their shares too in large numbers.Moreover, it's not like Hong Kong-listed shares have been performing any better than their US-listed shares. Both the stocks have continuously declined for the better part of the past year and I expect the downtrend to continue in Hong Kong listed shares going forward as well, given the deteriorating growth prospects for Alibaba as a company and its stretched valuation in general.Yahoo FinanceFinal ThoughtsThere's no denying that Alibaba has grown its top line at a rapid rate in the past decade. The company has expanded its operations over time and its different revenue streams have all continued to grow over the years. This is a commendable feat and an enviable position to be in.BusinessQuant.comHowever, there are now several risks associated with investing in Alibaba, namely decelerating revenue growth, the risk of getting delisted from US exchanges and its relatively pricey valuations in general. So, risk-averse investors may want to avoid investing in Alibaba for the time being at least. The stock seems tempting at current levels, but it's rife with issues.","news_type":1},"isVote":1,"tweetType":1,"viewCount":582,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9050295804,"gmtCreate":1654207927508,"gmtModify":1676535410377,"author":{"id":"4107586801974480","authorId":"4107586801974480","name":"3d35dd3","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4107586801974480","authorIdStr":"4107586801974480"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$</a>the gap that needs to fill $258 and its on the way up 👊","listText":"<a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$</a>the gap that needs to fill $258 and its on the way up 👊","text":"$NVIDIA Corp(NVDA)$the gap that needs to fill $258 and its on the way up 👊","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9050295804","isVote":1,"tweetType":1,"viewCount":518,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9024120513,"gmtCreate":1653825132432,"gmtModify":1676535347235,"author":{"id":"4107586801974480","authorId":"4107586801974480","name":"3d35dd3","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4107586801974480","authorIdStr":"4107586801974480"},"themes":[],"htmlText":"The nasdaq chart seems like trying to push to 13,600 zone before pulling back&nbsp;[Thinking]&nbsp;","listText":"The nasdaq chart seems like trying to push to 13,600 zone before pulling back&nbsp;[Thinking]&nbsp;","text":"The nasdaq chart seems like trying to push to 13,600 zone before pulling back [Thinking]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9024120513","repostId":"2238988779","repostType":4,"repost":{"id":"2238988779","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1653740753,"share":"https://ttm.financial/m/news/2238988779?lang=&edition=fundamental","pubTime":"2022-05-28 20:25","market":"us","language":"en","title":"Why the Dow Finally Bounced, and What It Will Take to Convince Investors It's for Real","url":"https://stock-news.laohu8.com/highlight/detail?id=2238988779","media":"Dow Jones","summary":"A little pre-summer cheer finally filtered its way into the stock market the week before Memorial Da","content":"<html><head></head><body><p>A little pre-summer cheer finally filtered its way into the stock market the week before Memorial Day, but it will likely take more than the Dow Jones Industrial Average&#39;s first winning week since late March to convince rattled investors that the pain is in the past.</p><p>What happened? Real, or inflation-adjusted, interest rates fell over the past week, corporate credit spreads -- the yield premium over U.S. Treasurys demanded by investors to buy bonds issued by companies -- tightened, and investor expectations for future Federal Reserve rate increases moderated, noted Mahmood Noorani, chief executive of research firm Quant Insight, in an interview (see chart below).</p><p><img src=\"https://static.tigerbbs.com/7521bdd8c826278369d3b7ba280e9bac\" tg-width=\"700\" tg-height=\"599\" referrerpolicy=\"no-referrer\"/></p><p>That gave some breathing room for a bounce. Quant Insight&#39;s model showed the S&amp;P 500 had sunk below fair value but is now right in line with the metric.</p><p>The S&amp;P 500  had narrowly averted a close in bear-market territory on May 19 after hitting a session low more than 20% below its Jan. 3 record close. It then rose 6.6% over the past week, ending Friday 13.3% below its early January peak as it snapped a streak of seven straight weekly declines.</p><p>The Nasdaq Composite , which remains solidly in bear-market territory, also broke a run of seven weekly falls, rising 6.8%. The Dow&#39;s  matching 6.8% rise marked the end of an eight-week run of losing weeks, its longest since 1932.</p><p>Kevin Dempter, an analyst at Renaissance Macro Research, also pointed to a handful of positive factors, including a significant pullback by the U.S. dollar, deeply oversold technical conditions and extremely bearish sentiment, while some stocks, such as that of <a href=\"https://laohu8.com/S/NVDA\">Nvidia Corp.</a>, managed to reverse to the upside despite bad news.</p><p>Neither Noorani nor Dempter were prepared to call a market bottom, however. And there was no shortage of outright bearish expectations. Michael Burry, the founder of Scion Asset Management, rose to fame after anticipating the collapse of the U.S. housing market as chronicled in the Michael Lewis book &#34;The Big Short,&#34; in a since-deleted tweet implied parallels with the 2008 market collapse.</p><p>In a fresh Friday tweet, he mused about the prospects of a consumer-led recession:</p><p>That echoes the fears that were raised earlier in May as retailers Target <a href=\"https://laohu8.com/S/TGT\">$(TGT)$</a> and Walmart <a href=\"https://laohu8.com/S/WMT\">$(WMT)$</a> reported disappointing earnings, triggering a deepening of the stock-market selloff on worries that inflation pressures were beginning to hit corporate bottom lines.</p><p>A further pullback in real yields could allow stocks to rise further in the near term, Noorani said, but he argued that it&#39;s unlikely yields have peaked.</p><p>After all, while data, including Friday&#39;s reading of the core personal consumption expenditure index, the Fed&#39;s preferred inflation indicator, shows inflation is slowing, the job of getting price pressures back under control is far from done, he argued.</p><p>That leaves uncertainty about how high the federal funds rate, currently at 0.75% to 1%, will ultimately go. Market pricing points to a so-called terminal rate between 2.5% and 3%, but anything that hints it will be higher than that will rattle investors, he said.</p><p>The single most important driver for yields &#34;is going to be Fed policy,&#34; he said, observing that central bankers &#34;have been spooked by inflation at these historically high numbers.&#34; Even if it&#39;s painful for the real economy, &#34;they have to hit the brakes pretty hard and get those numbers lower.&#34;</p><p>While the S&amp;P 500 hasn&#39;t technically confirmed that it&#39;s in a bear market, many market watchers view that as a mere formality, observing that stocks have been exhibiting bearlike behavior for much of the 2022 selloff.</p><p>Dempter, in a Friday note, played down the consumer discretionary sector&#39;s sharp outperformance of the rest of the market in the previous session, acknowledging that, historically, discretionary sees sharp improvement in relative performance about a month before growth troughs. The move was likely an oversold bounce rather than a bottom, he argued, explaining that RenMac would be more optimistic &#34;if growth were weaker, and inflation had peaked.&#34;</p><p>&#34;History suggests that both growth and inflation need to weaken further before a bottom occurs,&#34; he said, noting that the energy sector&#39;s continued outperformance of healthcare suggests that inflation has yet to peak.</p><p>&#34;We&#39;ll be watching next week&#39;s ISM (manufacturing index) number, as a weak reading may shift the market-cycle clock closer to a more favorable zone for a bottom,&#34; he said.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why the Dow Finally Bounced, and What It Will Take to Convince Investors It's for Real</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 the Dow Finally Bounced, and What It Will Take to Convince Investors It's for Real\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-05-28 20:25</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>A little pre-summer cheer finally filtered its way into the stock market the week before Memorial Day, but it will likely take more than the Dow Jones Industrial Average&#39;s first winning week since late March to convince rattled investors that the pain is in the past.</p><p>What happened? Real, or inflation-adjusted, interest rates fell over the past week, corporate credit spreads -- the yield premium over U.S. Treasurys demanded by investors to buy bonds issued by companies -- tightened, and investor expectations for future Federal Reserve rate increases moderated, noted Mahmood Noorani, chief executive of research firm Quant Insight, in an interview (see chart below).</p><p><img src=\"https://static.tigerbbs.com/7521bdd8c826278369d3b7ba280e9bac\" tg-width=\"700\" tg-height=\"599\" referrerpolicy=\"no-referrer\"/></p><p>That gave some breathing room for a bounce. Quant Insight&#39;s model showed the S&amp;P 500 had sunk below fair value but is now right in line with the metric.</p><p>The S&amp;P 500  had narrowly averted a close in bear-market territory on May 19 after hitting a session low more than 20% below its Jan. 3 record close. It then rose 6.6% over the past week, ending Friday 13.3% below its early January peak as it snapped a streak of seven straight weekly declines.</p><p>The Nasdaq Composite , which remains solidly in bear-market territory, also broke a run of seven weekly falls, rising 6.8%. The Dow&#39;s  matching 6.8% rise marked the end of an eight-week run of losing weeks, its longest since 1932.</p><p>Kevin Dempter, an analyst at Renaissance Macro Research, also pointed to a handful of positive factors, including a significant pullback by the U.S. dollar, deeply oversold technical conditions and extremely bearish sentiment, while some stocks, such as that of <a href=\"https://laohu8.com/S/NVDA\">Nvidia Corp.</a>, managed to reverse to the upside despite bad news.</p><p>Neither Noorani nor Dempter were prepared to call a market bottom, however. And there was no shortage of outright bearish expectations. Michael Burry, the founder of Scion Asset Management, rose to fame after anticipating the collapse of the U.S. housing market as chronicled in the Michael Lewis book &#34;The Big Short,&#34; in a since-deleted tweet implied parallels with the 2008 market collapse.</p><p>In a fresh Friday tweet, he mused about the prospects of a consumer-led recession:</p><p>That echoes the fears that were raised earlier in May as retailers Target <a href=\"https://laohu8.com/S/TGT\">$(TGT)$</a> and Walmart <a href=\"https://laohu8.com/S/WMT\">$(WMT)$</a> reported disappointing earnings, triggering a deepening of the stock-market selloff on worries that inflation pressures were beginning to hit corporate bottom lines.</p><p>A further pullback in real yields could allow stocks to rise further in the near term, Noorani said, but he argued that it&#39;s unlikely yields have peaked.</p><p>After all, while data, including Friday&#39;s reading of the core personal consumption expenditure index, the Fed&#39;s preferred inflation indicator, shows inflation is slowing, the job of getting price pressures back under control is far from done, he argued.</p><p>That leaves uncertainty about how high the federal funds rate, currently at 0.75% to 1%, will ultimately go. Market pricing points to a so-called terminal rate between 2.5% and 3%, but anything that hints it will be higher than that will rattle investors, he said.</p><p>The single most important driver for yields &#34;is going to be Fed policy,&#34; he said, observing that central bankers &#34;have been spooked by inflation at these historically high numbers.&#34; Even if it&#39;s painful for the real economy, &#34;they have to hit the brakes pretty hard and get those numbers lower.&#34;</p><p>While the S&amp;P 500 hasn&#39;t technically confirmed that it&#39;s in a bear market, many market watchers view that as a mere formality, observing that stocks have been exhibiting bearlike behavior for much of the 2022 selloff.</p><p>Dempter, in a Friday note, played down the consumer discretionary sector&#39;s sharp outperformance of the rest of the market in the previous session, acknowledging that, historically, discretionary sees sharp improvement in relative performance about a month before growth troughs. The move was likely an oversold bounce rather than a bottom, he argued, explaining that RenMac would be more optimistic &#34;if growth were weaker, and inflation had peaked.&#34;</p><p>&#34;History suggests that both growth and inflation need to weaken further before a bottom occurs,&#34; he said, noting that the energy sector&#39;s continued outperformance of healthcare suggests that inflation has yet to peak.</p><p>&#34;We&#39;ll be watching next week&#39;s ISM (manufacturing index) number, as a weak reading may shift the market-cycle clock closer to a more favorable zone for a bottom,&#34; he said.</p></body></html>\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":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2238988779","content_text":"A little pre-summer cheer finally filtered its way into the stock market the week before Memorial Day, but it will likely take more than the Dow Jones Industrial Average's first winning week since late March to convince rattled investors that the pain is in the past.What happened? Real, or inflation-adjusted, interest rates fell over the past week, corporate credit spreads -- the yield premium over U.S. Treasurys demanded by investors to buy bonds issued by companies -- tightened, and investor expectations for future Federal Reserve rate increases moderated, noted Mahmood Noorani, chief executive of research firm Quant Insight, in an interview (see chart below).That gave some breathing room for a bounce. Quant Insight's model showed the S&P 500 had sunk below fair value but is now right in line with the metric.The S&P 500  had narrowly averted a close in bear-market territory on May 19 after hitting a session low more than 20% below its Jan. 3 record close. It then rose 6.6% over the past week, ending Friday 13.3% below its early January peak as it snapped a streak of seven straight weekly declines.The Nasdaq Composite , which remains solidly in bear-market territory, also broke a run of seven weekly falls, rising 6.8%. The Dow's  matching 6.8% rise marked the end of an eight-week run of losing weeks, its longest since 1932.Kevin Dempter, an analyst at Renaissance Macro Research, also pointed to a handful of positive factors, including a significant pullback by the U.S. dollar, deeply oversold technical conditions and extremely bearish sentiment, while some stocks, such as that of Nvidia Corp., managed to reverse to the upside despite bad news.Neither Noorani nor Dempter were prepared to call a market bottom, however. And there was no shortage of outright bearish expectations. Michael Burry, the founder of Scion Asset Management, rose to fame after anticipating the collapse of the U.S. housing market as chronicled in the Michael Lewis book \"The Big Short,\" in a since-deleted tweet implied parallels with the 2008 market collapse.In a fresh Friday tweet, he mused about the prospects of a consumer-led recession:That echoes the fears that were raised earlier in May as retailers Target $(TGT)$ and Walmart $(WMT)$ reported disappointing earnings, triggering a deepening of the stock-market selloff on worries that inflation pressures were beginning to hit corporate bottom lines.A further pullback in real yields could allow stocks to rise further in the near term, Noorani said, but he argued that it's unlikely yields have peaked.After all, while data, including Friday's reading of the core personal consumption expenditure index, the Fed's preferred inflation indicator, shows inflation is slowing, the job of getting price pressures back under control is far from done, he argued.That leaves uncertainty about how high the federal funds rate, currently at 0.75% to 1%, will ultimately go. Market pricing points to a so-called terminal rate between 2.5% and 3%, but anything that hints it will be higher than that will rattle investors, he said.The single most important driver for yields \"is going to be Fed policy,\" he said, observing that central bankers \"have been spooked by inflation at these historically high numbers.\" Even if it's painful for the real economy, \"they have to hit the brakes pretty hard and get those numbers lower.\"While the S&P 500 hasn't technically confirmed that it's in a bear market, many market watchers view that as a mere formality, observing that stocks have been exhibiting bearlike behavior for much of the 2022 selloff.Dempter, in a Friday note, played down the consumer discretionary sector's sharp outperformance of the rest of the market in the previous session, acknowledging that, historically, discretionary sees sharp improvement in relative performance about a month before growth troughs. The move was likely an oversold bounce rather than a bottom, he argued, explaining that RenMac would be more optimistic \"if growth were weaker, and inflation had peaked.\"\"History suggests that both growth and inflation need to weaken further before a bottom occurs,\" he said, noting that the energy sector's continued outperformance of healthcare suggests that inflation has yet to peak.\"We'll be watching next week's ISM (manufacturing index) number, as a weak reading may shift the market-cycle clock closer to a more favorable zone for a bottom,\" he said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":362,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9025178048,"gmtCreate":1653648230584,"gmtModify":1676535320748,"author":{"id":"4107586801974480","authorId":"4107586801974480","name":"3d35dd3","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4107586801974480","authorIdStr":"4107586801974480"},"themes":[],"htmlText":"👌","listText":"👌","text":"👌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9025178048","repostId":"1123192288","repostType":2,"isVote":1,"tweetType":1,"viewCount":610,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9066302938,"gmtCreate":1651846605025,"gmtModify":1676534982985,"author":{"id":"4107586801974480","authorId":"4107586801974480","name":"3d35dd3","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4107586801974480","authorIdStr":"4107586801974480"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$</a>amd is positive so nvidia will follow. Green for the day","listText":"<a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$</a>amd is positive so nvidia will follow. Green for the day","text":"$NVIDIA Corp(NVDA)$amd is positive so nvidia will follow. Green for the day","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9066302938","isVote":1,"tweetType":1,"viewCount":465,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9082556994,"gmtCreate":1650587081374,"gmtModify":1676534758081,"author":{"id":"4107586801974480","authorId":"4107586801974480","name":"3d35dd3","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4107586801974480","authorIdStr":"4107586801974480"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$</a>critical level at $200. Hold well and push for $209 today&nbsp;[Gosh]&nbsp;","listText":"<a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$</a>critical level at $200. Hold well and push for $209 today&nbsp;[Gosh]&nbsp;","text":"$NVIDIA Corp(NVDA)$critical level at $200. Hold well and push for $209 today [Gosh]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9082556994","isVote":1,"tweetType":1,"viewCount":1052,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3572430379090714","authorId":"3572430379090714","name":"Ohshi","avatar":"https://community-static.tradeup.com/news/2ad654c603e3ee9ca47904f8b9b9f7ae","crmLevel":5,"crmLevelSwitch":0,"idStr":"3572430379090714","authorIdStr":"3572430379090714"},"content":"Didn't make it $209😭","text":"Didn't make it $209😭","html":"Didn't make it $209😭"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9032873267,"gmtCreate":1647342780646,"gmtModify":1676534218394,"author":{"id":"4107586801974480","authorId":"4107586801974480","name":"3d35dd3","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4107586801974480","authorIdStr":"4107586801974480"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$</a>Most likely is going back to ipo price. $68-$70 should be a good entry point&nbsp;","listText":"<a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$</a>Most likely is going back to ipo price. $68-$70 should be a good entry point&nbsp;","text":"$Alibaba(BABA)$Most likely is going back to ipo price. $68-$70 should be a good entry point","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9032873267","isVote":1,"tweetType":1,"viewCount":976,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4098802507588970","authorId":"4098802507588970","name":"Keihira","avatar":"https://community-static.tradeup.com/news/8b39af2908234b36fa3e95368f4ab877","crmLevel":1,"crmLevelSwitch":0,"idStr":"4098802507588970","authorIdStr":"4098802507588970"},"content":"If that point comes into play, it doesnt prove that the stock may face a rebound. Investing is always trusting your instincts the most, looking for the most potentials.","text":"If that point comes into play, it doesnt prove that the stock may face a rebound. Investing is always trusting your instincts the most, looking for the most potentials.","html":"If that point comes into play, it doesnt prove that the stock may face a rebound. Investing is always trusting your instincts the most, looking for the most potentials."}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9094507622,"gmtCreate":1645170357591,"gmtModify":1676534005499,"author":{"id":"4107586801974480","authorId":"4107586801974480","name":"3d35dd3","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4107586801974480","authorIdStr":"4107586801974480"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9094507622","repostId":"9094268941","repostType":1,"repost":{"id":9094268941,"gmtCreate":1645153608362,"gmtModify":1676534004097,"author":{"id":"3479274812987950","authorId":"3479274812987950","name":"华尔街情报圈","avatar":"https://static.tigerbbs.com/b5919deb0df0fa72c554ab6b0755a514","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3479274812987950","authorIdStr":"3479274812987950"},"themes":[],"title":"Financial markets seem to have changed overnight","htmlText":"-Open your eyes every day, as if the weather changed overnight. Wall Street knew tensions in Ukraine would continue, but did not expect a major escalation so early. If you use one word to describe the current financial market: it is completely chaotic. There is no clear main line of trading, there are false news, there are news misread by the public, there are news released by news media, and every news may affect the market. 1. The tension between Russia and Ukraine has entered the next stage   When Biden left the White House to give a speech in Cleveland, he told reporters that the possibility of an attack on Ukraine is very high, and it feels like it will happen in the next few days. We have reason to believe that they engage in self-directed and self-acting operations and create exc","listText":"-Open your eyes every day, as if the weather changed overnight. Wall Street knew tensions in Ukraine would continue, but did not expect a major escalation so early. If you use one word to describe the current financial market: it is completely chaotic. There is no clear main line of trading, there are false news, there are news misread by the public, there are news released by news media, and every news may affect the market. 1. The tension between Russia and Ukraine has entered the next stage   When Biden left the White House to give a speech in Cleveland, he told reporters that the possibility of an attack on Ukraine is very high, and it feels like it will happen in the next few days. We have reason to believe that they engage in self-directed and self-acting operations and create exc","text":"-Open your eyes every day, as if the weather changed overnight. Wall Street knew tensions in Ukraine would continue, but did not expect a major escalation so early. If you use one word to describe the current financial market: it is completely chaotic. There is no clear main line of trading, there are false news, there are news misread by the public, there are news released by news media, and every news may affect the market. 1. The tension between Russia and Ukraine has entered the next stage When Biden left the White House to give a speech in Cleveland, he told reporters that the possibility of an attack on Ukraine is very high, and it feels like it will happen in the next few days. We have reason to believe that they engage in self-directed and self-acting operations and create exc","images":[{"img":"https://static.tigerbbs.com/38f7bd1eb0dfdb63598036d6028b4abb","width":"-1","height":"-1"},{"img":"https://static.tigerbbs.com/887b209c494d7e7a2c0ad45de3b4f8b7","width":"-1","height":"-1"},{"img":"https://static.tigerbbs.com/fc7c8b547b3af9e339a08d1ecd194362","width":"-1","height":"-1"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9094268941","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":11,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":399,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9032873267,"gmtCreate":1647342780646,"gmtModify":1676534218394,"author":{"id":"4107586801974480","authorId":"4107586801974480","name":"3d35dd3","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4107586801974480","authorIdStr":"4107586801974480"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$</a>Most likely is going back to ipo price. $68-$70 should be a good entry point&nbsp;","listText":"<a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$</a>Most likely is going back to ipo price. $68-$70 should be a good entry point&nbsp;","text":"$Alibaba(BABA)$Most likely is going back to ipo price. $68-$70 should be a good entry point","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9032873267","isVote":1,"tweetType":1,"viewCount":976,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4098802507588970","authorId":"4098802507588970","name":"Keihira","avatar":"https://community-static.tradeup.com/news/8b39af2908234b36fa3e95368f4ab877","crmLevel":1,"crmLevelSwitch":0,"idStr":"4098802507588970","authorIdStr":"4098802507588970"},"content":"If that point comes into play, it doesnt prove that the stock may face a rebound. Investing is always trusting your instincts the most, looking for the most potentials.","text":"If that point comes into play, it doesnt prove that the stock may face a rebound. Investing is always trusting your instincts the most, looking for the most potentials.","html":"If that point comes into play, it doesnt prove that the stock may face a rebound. Investing is always trusting your instincts the most, looking for the most potentials."}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9907503406,"gmtCreate":1660208614108,"gmtModify":1703479112436,"author":{"id":"4107586801974480","authorId":"4107586801974480","name":"3d35dd3","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4107586801974480","authorIdStr":"4107586801974480"},"themes":[],"htmlText":"There's always negative news trying to manipulate the price. Nothing new 🤷‍♂️","listText":"There's always negative news trying to manipulate the price. Nothing new 🤷‍♂️","text":"There's always negative news trying to manipulate the price. Nothing new 🤷‍♂️","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9907503406","repostId":"1103823286","repostType":2,"repost":{"id":"1103823286","kind":"news","pubTimestamp":1660231920,"share":"https://ttm.financial/m/news/1103823286?lang=&edition=fundamental","pubTime":"2022-08-11 23:32","market":"us","language":"en","title":"Alibaba: More Bad News","url":"https://stock-news.laohu8.com/highlight/detail?id=1103823286","media":"Seeking Alpha","summary":"SummaryAlibaba's shares are trading at seemingly attractive valuation multiples but investors should","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Alibaba&#39;s shares are trading at seemingly attractive valuation multiples but investors shouldn&#39;t fall into the trap.</li><li>Prospects for investing in Alibaba have significantly deteriorated in recent weeks.</li><li>Risk-averse investors may want to avoid the stock for the time being.</li></ul><p>Alibaba&#39;s (NYSE:BABA) (OTCPK:BABAF) shares are down over 50% in the last year and many investors are getting tempted to buy. The general rationale is that the stock has fallen enough already and that it should only rally on from here on out. While that might have been a compelling contrarian argument till a few weeks ago, it&#39;s now rife with problems, speculation and stretched assumptions. In this article, I&#39;ll explain why investors may want to avoid the value trap that Alibaba is gradually turning out to be. Let&#39;s take a closer look at it all.</p><p><b>The Valuation Misconception</b></p><p>Let me start by saying that Alibaba&#39;s shares are trading at just 2.1-times its trailing twelve-month sales. This is quite low, especially when considering that the stock used to trade at over 24-times its sales back in 2015. Given this steep discount compared to its own prior levels, contrarian investors have been arguing that the stock is attractively valued and that it doesn&#39;t have much downside potential left from current levels.</p><p>While that sounds like a compelling argument, the problem here is that industry comparables are trading at even more attractive multiples. The chart below should put things in perspective. The X-axis plots the Price-to-Sales (or P/S) multiples for over 25 internet retail stocks that are listed on US bourses. Note how Alibaba is horizontally positioned slightly towards the right, indicating that its trading at levels that are marginally higher than the industry average.</p><p><img src=\"https://static.tigerbbs.com/f5d6db06c8da4548d2002f11348dc0e4\" tg-width=\"640\" tg-height=\"358\" referrerpolicy=\"no-referrer\"/></p><p>BusinessQuant.com</p><p>Now, let&#39;s shift attention to the Y-axis, which plots the revenue growth rates for the same set of companies. Note how Alibaba is vertically positioned much lower than a broad swath of its other listed peers. This suggests that the stock is valued slightly higher than the industry average but its revenue growth rate is lower than most its peers in general. This implies that Alibaba&#39;s shares have room to correct further, in order to justify its subpar growth rate.</p><p>There are at least 14 other stocks classified in the internet retail industry, that are growing faster than Alibaba but trading at lower P/S multiples. This disparity is all the more prominent when we consider that Alibaba&#39;s US-listed shares offer an ownership only in a shell company floated in Cayman Islands, whereas its other attractively-priced US-based peers offer ownership in actual companies. Because of this difference in the nature of securities, Alibaba&#39;s shares should ideally be trading at a discount compared to its US-based peers in the first place, but it&#39;s actually trading at a slight premium instead. This should encourage contrarian investors to reconsider their thesis for the e-commerce giant.</p><p><b>The Growth Slowdown</b></p><p>Moving on, the Chinese government hasn&#39;t hiked its interest rates in recent months, unlike the US. This suggests the Chinese economy will continue growing at a relatively faster pace and companies operating there should, at least in theory, thrive while other global economies stagnate and/or go into recession. This industry tailwind should indeed boost Alibaba&#39;s growth prospects and it&#39;s admittedly a silver lining in the whole contrarian narrative.</p><p>But there&#39;s a problem here as well. Hindering consumer spending in Q3 may trigger a more profound slowdown for Alibaba and other similarly positioned Chinese e-commerce companies, negating the positives of low interest rates in the country. This is gradually reflected in the Street&#39;s forecasts - note how analysts have been gradually lowering their revenue estimates for the company in nearly every passing week.</p><p><img src=\"https://static.tigerbbs.com/e2fe58214fe586338142e205e80429ea\" tg-width=\"637\" tg-height=\"437\" referrerpolicy=\"no-referrer\"/></p><p>Ycharts</p><p>This situation should again encourage investors to rethink their rationale for Alibaba.</p><p><b>The Delisting Risk</b></p><p>Lastly, contrarian investors are hopeful that delisting fears pertaining to Alibaba are exaggerated and not really a matter of concern. However, the risk is very real. The SEC published a yet another list about 10 days ago, noting that Alibaba and 270 other Chinese companies will be forcefully delisted from US bourses if they don&#39;t open up for audit inspections.</p><p>Chinese regulators had reassured investors earlier this year that they&#39;re going to work with the SEC and comply with their audit requirements, in order to prevent mass delisting of Chinese stocks from US bourses. But I&#39;ve been warning investors that the regulators haven&#39;t been making any progress and the risk remains. The prospect of such progress seems even more unlikely now.</p><p>One might argue that Alibaba is listed on Hong Kong bourses so a delisting in the US won&#39;t make a difference. But it will. The prospect of Alibaba&#39;s shares getting delisted in the US, is likely to prompt a mass selloff by institutional investors that have mandates to invest in only US stocks. Besides, the financial cost of owning Hong Kong-listed stocks is far higher for US citizens, so retail investors are likely to sell their shares too in large numbers.</p><p>Moreover, it&#39;s not like Hong Kong-listed shares have been performing any better than their US-listed shares. Both the stocks have continuously declined for the better part of the past year and I expect the downtrend to continue in Hong Kong listed shares going forward as well, given the deteriorating growth prospects for Alibaba as a company and its stretched valuation in general.</p><p><img src=\"https://static.tigerbbs.com/e429e60a44011b271d8005a772849ddd\" tg-width=\"640\" tg-height=\"328\" referrerpolicy=\"no-referrer\"/></p><p>Yahoo Finance</p><p><b>Final Thoughts</b></p><p>There&#39;s no denying that Alibaba has grown its top line at a rapid rate in the past decade. The company has expanded its operations over time and its different revenue streams have all continued to grow over the years. This is a commendable feat and an enviable position to be in.</p><p><img src=\"https://static.tigerbbs.com/44d14b4467c4d87ffa64fe2f60f01bb1\" tg-width=\"640\" tg-height=\"672\" referrerpolicy=\"no-referrer\"/></p><p>BusinessQuant.com</p><p>However, there are now several risks associated with investing in Alibaba, namely decelerating revenue growth, the risk of getting delisted from US exchanges and its relatively pricey valuations in general. So, risk-averse investors may want to avoid investing in Alibaba for the time being at least. The stock seems tempting at current levels, but it&#39;s rife with issues.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba: More Bad News</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba: More Bad News\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-11 23:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4532407-alibaba-more-bad-news?source=content_type%3Aall%7Cfirst_level_url%3Aportfolio%7Csection%3Aportfolio_content_unit%7Csection_asset%3Alatest%7Cline%3A3><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryAlibaba's shares are trading at seemingly attractive valuation multiples but investors shouldn't fall into the trap.Prospects for investing in Alibaba have significantly deteriorated in recent ...</p>\n\n<a href=\"https://seekingalpha.com/article/4532407-alibaba-more-bad-news?source=content_type%3Aall%7Cfirst_level_url%3Aportfolio%7Csection%3Aportfolio_content_unit%7Csection_asset%3Alatest%7Cline%3A3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴","09988":"阿里巴巴-W"},"source_url":"https://seekingalpha.com/article/4532407-alibaba-more-bad-news?source=content_type%3Aall%7Cfirst_level_url%3Aportfolio%7Csection%3Aportfolio_content_unit%7Csection_asset%3Alatest%7Cline%3A3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103823286","content_text":"SummaryAlibaba's shares are trading at seemingly attractive valuation multiples but investors shouldn't fall into the trap.Prospects for investing in Alibaba have significantly deteriorated in recent weeks.Risk-averse investors may want to avoid the stock for the time being.Alibaba's (NYSE:BABA) (OTCPK:BABAF) shares are down over 50% in the last year and many investors are getting tempted to buy. The general rationale is that the stock has fallen enough already and that it should only rally on from here on out. While that might have been a compelling contrarian argument till a few weeks ago, it's now rife with problems, speculation and stretched assumptions. In this article, I'll explain why investors may want to avoid the value trap that Alibaba is gradually turning out to be. Let's take a closer look at it all.The Valuation MisconceptionLet me start by saying that Alibaba's shares are trading at just 2.1-times its trailing twelve-month sales. This is quite low, especially when considering that the stock used to trade at over 24-times its sales back in 2015. Given this steep discount compared to its own prior levels, contrarian investors have been arguing that the stock is attractively valued and that it doesn't have much downside potential left from current levels.While that sounds like a compelling argument, the problem here is that industry comparables are trading at even more attractive multiples. The chart below should put things in perspective. The X-axis plots the Price-to-Sales (or P/S) multiples for over 25 internet retail stocks that are listed on US bourses. Note how Alibaba is horizontally positioned slightly towards the right, indicating that its trading at levels that are marginally higher than the industry average.BusinessQuant.comNow, let's shift attention to the Y-axis, which plots the revenue growth rates for the same set of companies. Note how Alibaba is vertically positioned much lower than a broad swath of its other listed peers. This suggests that the stock is valued slightly higher than the industry average but its revenue growth rate is lower than most its peers in general. This implies that Alibaba's shares have room to correct further, in order to justify its subpar growth rate.There are at least 14 other stocks classified in the internet retail industry, that are growing faster than Alibaba but trading at lower P/S multiples. This disparity is all the more prominent when we consider that Alibaba's US-listed shares offer an ownership only in a shell company floated in Cayman Islands, whereas its other attractively-priced US-based peers offer ownership in actual companies. Because of this difference in the nature of securities, Alibaba's shares should ideally be trading at a discount compared to its US-based peers in the first place, but it's actually trading at a slight premium instead. This should encourage contrarian investors to reconsider their thesis for the e-commerce giant.The Growth SlowdownMoving on, the Chinese government hasn't hiked its interest rates in recent months, unlike the US. This suggests the Chinese economy will continue growing at a relatively faster pace and companies operating there should, at least in theory, thrive while other global economies stagnate and/or go into recession. This industry tailwind should indeed boost Alibaba's growth prospects and it's admittedly a silver lining in the whole contrarian narrative.But there's a problem here as well. Hindering consumer spending in Q3 may trigger a more profound slowdown for Alibaba and other similarly positioned Chinese e-commerce companies, negating the positives of low interest rates in the country. This is gradually reflected in the Street's forecasts - note how analysts have been gradually lowering their revenue estimates for the company in nearly every passing week.YchartsThis situation should again encourage investors to rethink their rationale for Alibaba.The Delisting RiskLastly, contrarian investors are hopeful that delisting fears pertaining to Alibaba are exaggerated and not really a matter of concern. However, the risk is very real. The SEC published a yet another list about 10 days ago, noting that Alibaba and 270 other Chinese companies will be forcefully delisted from US bourses if they don't open up for audit inspections.Chinese regulators had reassured investors earlier this year that they're going to work with the SEC and comply with their audit requirements, in order to prevent mass delisting of Chinese stocks from US bourses. But I've been warning investors that the regulators haven't been making any progress and the risk remains. The prospect of such progress seems even more unlikely now.One might argue that Alibaba is listed on Hong Kong bourses so a delisting in the US won't make a difference. But it will. The prospect of Alibaba's shares getting delisted in the US, is likely to prompt a mass selloff by institutional investors that have mandates to invest in only US stocks. Besides, the financial cost of owning Hong Kong-listed stocks is far higher for US citizens, so retail investors are likely to sell their shares too in large numbers.Moreover, it's not like Hong Kong-listed shares have been performing any better than their US-listed shares. Both the stocks have continuously declined for the better part of the past year and I expect the downtrend to continue in Hong Kong listed shares going forward as well, given the deteriorating growth prospects for Alibaba as a company and its stretched valuation in general.Yahoo FinanceFinal ThoughtsThere's no denying that Alibaba has grown its top line at a rapid rate in the past decade. The company has expanded its operations over time and its different revenue streams have all continued to grow over the years. This is a commendable feat and an enviable position to be in.BusinessQuant.comHowever, there are now several risks associated with investing in Alibaba, namely decelerating revenue growth, the risk of getting delisted from US exchanges and its relatively pricey valuations in general. So, risk-averse investors may want to avoid investing in Alibaba for the time being at least. The stock seems tempting at current levels, but it's rife with issues.","news_type":1},"isVote":1,"tweetType":1,"viewCount":582,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9963269402,"gmtCreate":1668694073506,"gmtModify":1676538098275,"author":{"id":"4107586801974480","authorId":"4107586801974480","name":"3d35dd3","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4107586801974480","authorIdStr":"4107586801974480"},"themes":[],"htmlText":"This fed Always come out and bark when market slightly improve. Rubbish&nbsp;","listText":"This fed Always come out and bark when market slightly improve. Rubbish&nbsp;","text":"This fed Always come out and bark when market slightly improve. Rubbish","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9963269402","repostId":"1101225329","repostType":4,"isVote":1,"tweetType":1,"viewCount":523,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9082556994,"gmtCreate":1650587081374,"gmtModify":1676534758081,"author":{"id":"4107586801974480","authorId":"4107586801974480","name":"3d35dd3","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4107586801974480","authorIdStr":"4107586801974480"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$</a>critical level at $200. Hold well and push for $209 today&nbsp;[Gosh]&nbsp;","listText":"<a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$</a>critical level at $200. Hold well and push for $209 today&nbsp;[Gosh]&nbsp;","text":"$NVIDIA Corp(NVDA)$critical level at $200. Hold well and push for $209 today [Gosh]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9082556994","isVote":1,"tweetType":1,"viewCount":1052,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3572430379090714","authorId":"3572430379090714","name":"Ohshi","avatar":"https://community-static.tradeup.com/news/2ad654c603e3ee9ca47904f8b9b9f7ae","crmLevel":5,"crmLevelSwitch":0,"idStr":"3572430379090714","authorIdStr":"3572430379090714"},"content":"Didn't make it $209😭","text":"Didn't make it $209😭","html":"Didn't make it $209😭"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9066302938,"gmtCreate":1651846605025,"gmtModify":1676534982985,"author":{"id":"4107586801974480","authorId":"4107586801974480","name":"3d35dd3","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4107586801974480","authorIdStr":"4107586801974480"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$</a>amd is positive so nvidia will follow. Green for the day","listText":"<a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$</a>amd is positive so nvidia will follow. Green for the day","text":"$NVIDIA Corp(NVDA)$amd is positive so nvidia will follow. Green for the day","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9066302938","isVote":1,"tweetType":1,"viewCount":465,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9916323252,"gmtCreate":1664514322177,"gmtModify":1676537469792,"author":{"id":"4107586801974480","authorId":"4107586801974480","name":"3d35dd3","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4107586801974480","authorIdStr":"4107586801974480"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/XPEV\">$XPeng Inc.(XPEV)$</a>bottom at $10 🤔","listText":"<a href=\"https://ttm.financial/S/XPEV\">$XPeng Inc.(XPEV)$</a>bottom at $10 🤔","text":"$XPeng Inc.(XPEV)$bottom at $10 🤔","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9916323252","isVote":1,"tweetType":1,"viewCount":532,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9911848325,"gmtCreate":1664180861667,"gmtModify":1676537404298,"author":{"id":"4107586801974480","authorId":"4107586801974480","name":"3d35dd3","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4107586801974480","authorIdStr":"4107586801974480"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/NIO\">$NIO Inc.(NIO)$</a><v-v data-views=\"1\"></v-v>hold on for the Oct 8th rally 💪","listText":"<a href=\"https://ttm.financial/S/NIO\">$NIO Inc.(NIO)$</a><v-v data-views=\"1\"></v-v>hold on for the Oct 8th rally 💪","text":"$NIO Inc.(NIO)$hold on for the Oct 8th rally 💪","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9911848325","isVote":1,"tweetType":1,"viewCount":791,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9050295804,"gmtCreate":1654207927508,"gmtModify":1676535410377,"author":{"id":"4107586801974480","authorId":"4107586801974480","name":"3d35dd3","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4107586801974480","authorIdStr":"4107586801974480"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$</a>the gap that needs to fill $258 and its on the way up 👊","listText":"<a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$</a>the gap that needs to fill $258 and its on the way up 👊","text":"$NVIDIA Corp(NVDA)$the gap that needs to fill $258 and its on the way up 👊","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9050295804","isVote":1,"tweetType":1,"viewCount":518,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9024120513,"gmtCreate":1653825132432,"gmtModify":1676535347235,"author":{"id":"4107586801974480","authorId":"4107586801974480","name":"3d35dd3","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4107586801974480","authorIdStr":"4107586801974480"},"themes":[],"htmlText":"The nasdaq chart seems like trying to push to 13,600 zone before pulling back&nbsp;[Thinking]&nbsp;","listText":"The nasdaq chart seems like trying to push to 13,600 zone before pulling back&nbsp;[Thinking]&nbsp;","text":"The nasdaq chart seems like trying to push to 13,600 zone before pulling back [Thinking]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9024120513","repostId":"2238988779","repostType":4,"isVote":1,"tweetType":1,"viewCount":362,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9935634823,"gmtCreate":1663079380762,"gmtModify":1676537198484,"author":{"id":"4107586801974480","authorId":"4107586801974480","name":"3d35dd3","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4107586801974480","authorIdStr":"4107586801974480"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/NIO\">$NIO Inc.(NIO)$</a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/NIO\">$NIO Inc.(NIO)$</a><v-v data-views=\"1\"></v-v>","text":"$NIO Inc.(NIO)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9935634823","isVote":1,"tweetType":1,"viewCount":525,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9025178048,"gmtCreate":1653648230584,"gmtModify":1676535320748,"author":{"id":"4107586801974480","authorId":"4107586801974480","name":"3d35dd3","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4107586801974480","authorIdStr":"4107586801974480"},"themes":[],"htmlText":"👌","listText":"👌","text":"👌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9025178048","repostId":"1123192288","repostType":2,"repost":{"id":"1123192288","kind":"news","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1653647914,"share":"https://ttm.financial/m/news/1123192288?lang=&edition=fundamental","pubTime":"2022-05-27 18:38","market":"us","language":"en","title":"China's Pinduoduo Beats Quarterly Revenue Estimates","url":"https://stock-news.laohu8.com/highlight/detail?id=1123192288","media":"Reuters","summary":"Chinese e-commerce platform Pinduoduo Inc on Friday reported better-than-expected quarterly revenue,","content":"<html><head></head><body><p>Chinese e-commerce platform Pinduoduo Inc on Friday reported better-than-expected quarterly revenue, as more people shopped online due to a resurgence in COVID-19 cases in parts of the country.</p><p>U.S.-listed shares of the Shanghai-based company rose by nearly 10% at one point in pre-market trade ahead of Wall Street&#39;s opening bell.</p><p><img src=\"https://static.tigerbbs.com/ca4147a5f21a4ad60f31b49c4450666f\" tg-width=\"830\" tg-height=\"817\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>However, the firm warned that its growth rate might slow due to adjustments to its business strategy that are underway.</p><p>&#34;We have been going through an adjustment of our development strategy to focus more on technology and agriculture in order to pursue long-term, high-quality growth,&#34; said Chen Lei, chairman and chief executive of Pinduoduo, on a call with analysts.</p><p>&#34;It will take time to bear fruit... in the process, our growth rate might be affected.&#34;</p><p>As China fights its worst coronavirus outbreak since March, its uncompromising &#34;zero-COVID&#34; policy has placed hundreds of millions of people under strict lockdown.</p><p>Government enforced control measures continued to disrupt logistics in China in April, hurting e-commerce sellers&#39; ability to deliver purchases.</p><p>&#34;While the situation seemed to have stabilised in April, we believe Pinduoduo&#39;s gross merchandise value growth recovery will be subject to China&#39;s COVID-19 control policies,&#34; said a research report by investment bank China Renaissance earlier this month.</p><p>Pinduoduo&#39;s business model allowing buyers to benefit from greater discounts when they purchase products in groups has helped it to attract consumers with less disposable income, especially in lower-tier cities, and challenge rivals including Alibaba and JD.com.</p><p>Total revenue rose 7% to 23.79 billion yuan ($3.55 billion) in the first quarter, compared with estimates of 20.61 billion yuan, according to IBES data from Refinitiv.</p><p>The company&#39;s net income attributable to ordinary shareholders was 2.6 billion yuan during the quarter ended March 31, compared with a loss of 2.91 billion yuan a year ago.</p><p>On an adjusted basis, the interactive e-commerce platform earned 2.95 yuan per share, compared to Wall Street estimates of 1.68 yuan per share, according to Refinitiv IBES data.</p><p>($1 = 6.7060 Chinese yuan renminbi)</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>China's Pinduoduo Beats Quarterly Revenue Estimates</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's Pinduoduo Beats Quarterly Revenue Estimates\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-05-27 18:38</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Chinese e-commerce platform Pinduoduo Inc on Friday reported better-than-expected quarterly revenue, as more people shopped online due to a resurgence in COVID-19 cases in parts of the country.</p><p>U.S.-listed shares of the Shanghai-based company rose by nearly 10% at one point in pre-market trade ahead of Wall Street&#39;s opening bell.</p><p><img src=\"https://static.tigerbbs.com/ca4147a5f21a4ad60f31b49c4450666f\" tg-width=\"830\" tg-height=\"817\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>However, the firm warned that its growth rate might slow due to adjustments to its business strategy that are underway.</p><p>&#34;We have been going through an adjustment of our development strategy to focus more on technology and agriculture in order to pursue long-term, high-quality growth,&#34; said Chen Lei, chairman and chief executive of Pinduoduo, on a call with analysts.</p><p>&#34;It will take time to bear fruit... in the process, our growth rate might be affected.&#34;</p><p>As China fights its worst coronavirus outbreak since March, its uncompromising &#34;zero-COVID&#34; policy has placed hundreds of millions of people under strict lockdown.</p><p>Government enforced control measures continued to disrupt logistics in China in April, hurting e-commerce sellers&#39; ability to deliver purchases.</p><p>&#34;While the situation seemed to have stabilised in April, we believe Pinduoduo&#39;s gross merchandise value growth recovery will be subject to China&#39;s COVID-19 control policies,&#34; said a research report by investment bank China Renaissance earlier this month.</p><p>Pinduoduo&#39;s business model allowing buyers to benefit from greater discounts when they purchase products in groups has helped it to attract consumers with less disposable income, especially in lower-tier cities, and challenge rivals including Alibaba and JD.com.</p><p>Total revenue rose 7% to 23.79 billion yuan ($3.55 billion) in the first quarter, compared with estimates of 20.61 billion yuan, according to IBES data from Refinitiv.</p><p>The company&#39;s net income attributable to ordinary shareholders was 2.6 billion yuan during the quarter ended March 31, compared with a loss of 2.91 billion yuan a year ago.</p><p>On an adjusted basis, the interactive e-commerce platform earned 2.95 yuan per share, compared to Wall Street estimates of 1.68 yuan per share, according to Refinitiv IBES data.</p><p>($1 = 6.7060 Chinese yuan renminbi)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PDD":"拼多多"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1123192288","content_text":"Chinese e-commerce platform Pinduoduo Inc on Friday reported better-than-expected quarterly revenue, as more people shopped online due to a resurgence in COVID-19 cases in parts of the country.U.S.-listed shares of the Shanghai-based company rose by nearly 10% at one point in pre-market trade ahead of Wall Street's opening bell.However, the firm warned that its growth rate might slow due to adjustments to its business strategy that are underway.\"We have been going through an adjustment of our development strategy to focus more on technology and agriculture in order to pursue long-term, high-quality growth,\" said Chen Lei, chairman and chief executive of Pinduoduo, on a call with analysts.\"It will take time to bear fruit... in the process, our growth rate might be affected.\"As China fights its worst coronavirus outbreak since March, its uncompromising \"zero-COVID\" policy has placed hundreds of millions of people under strict lockdown.Government enforced control measures continued to disrupt logistics in China in April, hurting e-commerce sellers' ability to deliver purchases.\"While the situation seemed to have stabilised in April, we believe Pinduoduo's gross merchandise value growth recovery will be subject to China's COVID-19 control policies,\" said a research report by investment bank China Renaissance earlier this month.Pinduoduo's business model allowing buyers to benefit from greater discounts when they purchase products in groups has helped it to attract consumers with less disposable income, especially in lower-tier cities, and challenge rivals including Alibaba and JD.com.Total revenue rose 7% to 23.79 billion yuan ($3.55 billion) in the first quarter, compared with estimates of 20.61 billion yuan, according to IBES data from Refinitiv.The company's net income attributable to ordinary shareholders was 2.6 billion yuan during the quarter ended March 31, compared with a loss of 2.91 billion yuan a year ago.On an adjusted basis, the interactive e-commerce platform earned 2.95 yuan per share, compared to Wall Street estimates of 1.68 yuan per share, according to Refinitiv IBES data.($1 = 6.7060 Chinese yuan renminbi)","news_type":1},"isVote":1,"tweetType":1,"viewCount":610,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9094507622,"gmtCreate":1645170357591,"gmtModify":1676534005499,"author":{"id":"4107586801974480","authorId":"4107586801974480","name":"3d35dd3","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4107586801974480","authorIdStr":"4107586801974480"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9094507622","repostId":"9094268941","repostType":1,"repost":{"id":9094268941,"gmtCreate":1645153608362,"gmtModify":1676534004097,"author":{"id":"3479274812987950","authorId":"3479274812987950","name":"华尔街情报圈","avatar":"https://static.tigerbbs.com/b5919deb0df0fa72c554ab6b0755a514","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3479274812987950","authorIdStr":"3479274812987950"},"themes":[],"title":"Financial markets seem to have changed overnight","htmlText":"-Open your eyes every day, as if the weather changed overnight. Wall Street knew tensions in Ukraine would continue, but did not expect a major escalation so early. If you use one word to describe the current financial market: it is completely chaotic. There is no clear main line of trading, there are false news, there are news misread by the public, there are news released by news media, and every news may affect the market. 1. The tension between Russia and Ukraine has entered the next stage   When Biden left the White House to give a speech in Cleveland, he told reporters that the possibility of an attack on Ukraine is very high, and it feels like it will happen in the next few days. We have reason to believe that they engage in self-directed and self-acting operations and create exc","listText":"-Open your eyes every day, as if the weather changed overnight. Wall Street knew tensions in Ukraine would continue, but did not expect a major escalation so early. If you use one word to describe the current financial market: it is completely chaotic. There is no clear main line of trading, there are false news, there are news misread by the public, there are news released by news media, and every news may affect the market. 1. The tension between Russia and Ukraine has entered the next stage   When Biden left the White House to give a speech in Cleveland, he told reporters that the possibility of an attack on Ukraine is very high, and it feels like it will happen in the next few days. We have reason to believe that they engage in self-directed and self-acting operations and create exc","text":"-Open your eyes every day, as if the weather changed overnight. Wall Street knew tensions in Ukraine would continue, but did not expect a major escalation so early. If you use one word to describe the current financial market: it is completely chaotic. There is no clear main line of trading, there are false news, there are news misread by the public, there are news released by news media, and every news may affect the market. 1. The tension between Russia and Ukraine has entered the next stage When Biden left the White House to give a speech in Cleveland, he told reporters that the possibility of an attack on Ukraine is very high, and it feels like it will happen in the next few days. We have reason to believe that they engage in self-directed and self-acting operations and create exc","images":[{"img":"https://static.tigerbbs.com/38f7bd1eb0dfdb63598036d6028b4abb","width":"-1","height":"-1"},{"img":"https://static.tigerbbs.com/887b209c494d7e7a2c0ad45de3b4f8b7","width":"-1","height":"-1"},{"img":"https://static.tigerbbs.com/fc7c8b547b3af9e339a08d1ecd194362","width":"-1","height":"-1"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9094268941","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":11,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":399,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}