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志冲斗牛

志冲斗牛

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2022-09-06

holding on to PLTR, but tread carefully

Palantir: Down 80% - Move Slowly, Size Properly, And Diversify

2022-08-17

i believe it's still a potential stock for long term investment.

Palantir: Could It Be A FAANG?

2022-07-30

Thanks for the share

3 No-Brainer Stocks I'd Buy Right Now Without Hesitation

2022-07-19

Like

Apple: A Wonderful Business At A Fair Price, Assuming Growth Continues

2022-07-14

Interesting

Apple Vs. Google: There's A Clear Winner

2022-07-12

Good info

U.S. Stocks Slide to Start the Week As Wall Street Prepares for Earnings Season to Kick off

2022-06-07

Thanks

Should You Invest in Nvidia Right Now?

2022-06-07

thanks

Should You Sell Amazon After Its Stock Split?

2022-03-04

Pray for Ukraine

Sorry, the original content has been removed

2022-03-04

Nice

SPDR S&P 500 ETF Trust Is a Tried-and-True Market Tracker

Go to Tiger App to see more news

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I&#39;m cautiously optimistic.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5161cf24383825916fdda5a8d1265e6a\" tg-width=\"1080\" tg-height=\"720\" referrerpolicy=\"no-referrer\"/><span>Maria Symchych-Navrotska</span></p><p><b>Down 80%</b></p><p>Palantir (NYSE:PLTR) is down 80% from its all-time high. Actually, to be very precise, PLTR is down 81%, but what&#39;s 1% between friends?</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/95e793f0a76a887f0d46cde8613a143b\" tg-width=\"1280\" tg-height=\"802\" referrerpolicy=\"no-referrer\"/><span>PLTR data by YCharts</span></p><p>So, what was happening back then?</p><ul><li>Palantir Technologiesbags new $22.5M contract in Japan</li><li>Fujitsu signs $8M contract as Palantir Foundry customer</li><li>Palantir selected to work on Army’s Ground Station modernization</li><li>Palantir announces multi-million dollar deal with PG&amp;E</li><li>Palantir shares surge 25% ahead of Demo Day</li></ul><p>It certainly wasn&#39;t all good news:</p><ul><li>Palantir cut to sell at Citi ahead of lockup, decelerating growth</li></ul><p>Yet, we were in the days of Wall Street Bets going wild. And, the key back in early 2021 was that PLTR was riding high on sentiment, <i>and retail</i>. At that point in time, few people were thinking about &#34;macro&#34; at all:</p><blockquote>Retail trading is definitely changing the way markets function, but what really seems to matter is that we now have a stock picker&#39;s market for the first time since the dot-com bubble. That means stocks may be less sensitive to the broader economy than they used to be, while the professionals need to pay attention to a new generation of investors that entered the scene after the rise of commission-free trading. Instead of following many of the upgrades and downgrades on Wall Street, they&#39;re doing their own research on platforms like Seeking Alpha, and signaling a new era to the DIY investing atmosphere.</blockquote><p>Of course, we know from even the most basic charts that retail went sour and macro has taken over for now: interest rates, inflation, war, just to name a few factors that have taken hold. I was rather clear about this in May 2022:</p><blockquote>The biggest macro story last year into this year was that growth was shifting to value. Of course, PLTR is clearly in the growth category. However, at this time, we have the perfect storm of inflation, supply chain issues, growth out of favor, and way more. Just about everything is against PLTR in the grand view.</blockquote><p><b>Are We Really Down 80%</b></p><p>This is where things get tricky. I&#39;m down about 35% because my cost basis is over $11. It&#39;s not too hard to mathematically figure out how far an investor is down. It&#39;s also not mathematically hard to figure out how much is required to get back to even. The problem is that it&#39;s psychologically difficult to put losses and gains together.Here&#39;s what I mean:</p><blockquote>One of the more compelling aspects of investing is the math of gains and losses. Very simply, a 50% gain does not allow a portfolio to recover from a 50% loss. In fact, a 100% gain is required to restore a 50% loss.</blockquote><p>Here&#39;s a compelling picture to better understand how this works:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3b77ef4ec0b7a3bd2e6445460fe02376\" tg-width=\"640\" tg-height=\"484\" referrerpolicy=\"no-referrer\"/><span>The Math of Recovery From a Portfolio Loss (Craig Israelsen, Ph.D.)</span></p><p>Importantly, this also applies to any individual stock. The math doesn&#39;t change because we&#39;re looking at the S&amp;P 500 (SPY) or PLTR.</p><p>Making this personal, I&#39;m down 35% so PLTR needs to gain about 54% from here for me to get back to even on my investment. As I&#39;m writing this up, PLTR is trading at $7.40 so I can multiply by 1.54 (i.e., 54%) to see that is how I get back to my cost basis of $11.40.</p><p>Again, I must stress that the math isn&#39;t too difficult. The decline is easy to calculate. And, the gain is easy to calculate. But, what happens is that we anchor to our starting price, so the recovery feels extra painful. Pain and pleasure are not symmetric.</p><blockquote>If there is a tiger chasing after you versus a suitcase full of money in front of you, which would motivate the average person to act quickly? Avoiding a certain amount of immediate pain wins over gaining immediate pleasure every time. Studies have demonstrated time and time again that people will do much more to avoid short-term pain than they will to gain short-term pleasure.</blockquote><p>This is why having a long-term view of an investment is so critical. The more you check your investments, like PLTR, the more likely you are to feel bad. This is true even when the stock is mostly going up, because every tick down is 2-3x more painful than one tick up. Furthermore, this also partially explains why it&#39;s critical to have a portfolio that makes you comfortable. In other words, diversification helps to moderate feelings because quite often at least some investments are going up.</p><p><b>Putting The &#34;Loss&#34; in Perspective</b></p><p>My little psychology lesson here is of paramount importance. If you believe that PLTR is a meme stock, then you will be thinking of PLTR as a short-term play. It&#39;s quite likely that selling will happen on big dips and it will be painful.</p><p>On the other hand, if you believe Alex Karp, in that PLTR is a long-term play, then your patience will grow dramatically.Hat Tip to Samuel Smith for clarifying this, in regards to Karp speaking at the World Economic Forum:</p><blockquote>Given the required scale, scope, and strength of enterprise software products, PLTR typically takes up to 5 years to fully build them. As a result, the true value of PLTR at any point in time is often never fully appreciated until ~5 years down the road. The bright side of this, however, is that due to the length of time required for fully building and implementing a new enterprise software product, they often have even longer durations in the marketplace.</blockquote><p>I don&#39;t think I&#39;ve ever really made the case that PLTR was a short play. My minimum is nearly always 2-3 years, often much longer. When you buy PLTR, you better plan on holding a long time or you&#39;ll almost certainly be selling.</p><p>Here, let me help you with that using a simple visual.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bdb4a1bd8a48e99a7dde89069d38ff1f\" tg-width=\"1280\" tg-height=\"826\" referrerpolicy=\"no-referrer\"/><span>PLTR 30-Day Rolling Volatility data by YCharts</span></p><p>That&#39;s volatility and it will shake weak hands, forcing them to sell. That&#39;s the fear part of volatility. But keep in mind that volatility also generates greed. When the price is rising like crazy the herd jumps on board:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/06bef574ff547e600696e1a28b73f598\" tg-width=\"640\" tg-height=\"177\" referrerpolicy=\"no-referrer\"/><span>25% PLTR Share Price Gain Without Any Catalysts (Seeking Alpha)</span></p><p>No new catalysts? That&#39;s not entirely true because we know from the title that this was on the cusp of PLTR&#39;s Demo Day. Emotions. Sentiment. Yes, that&#39;s absolutely true, <i>and the expectations of the herd itself was the catalyst</i>. Although, to be clear, and fair, there was no tangible catalyst on July 22nd, 2021. In any event, we know PLTR will vacillate. I see no reason why this will not continue so &#34;Fair Warning!&#34; is issued again: <i>Here There Be Volatility</i>.</p><p><b>Wrap Up</b></p><p>Most investors holding PLTR are holding onto a capital loss. The downside is the difficult problem of getting back to even, or even moving into the green. We&#39;re all looking to win, right?</p><p>The upside is that it&#39;s now a bit easier to understand PLTR&#39;s price action, with a reference to volatility. Furthermore, it&#39;s a wee bit more simple to know what it will take to get to even, at least in terms of the financials.</p><p>What are the catalysts?Q2 2022 tells us quite a bit:</p><ul><li>Overall Revenue Growth (i.e., $473 million in Q2 2022)</li><li>Customer Count Increases (e.g., Q2 2022 count up to 304 from 169 YoY)</li><li>TAM Expansion (i.e., Gotham, Foundry, Apollo all open for expansion)</li><li>New Products (e.g., Edge AI, HyperAuto, OPIs, Cosmos, Pipeline Builder)</li><li>Developer Community (e.g., Foundry Docs, APIs public, Content Creators)</li></ul><p>Of course, I&#39;m still frustrated by stock-based compensation. Just look up some of my PLTR articles. It comes up many times. But, I also note that I expect that to burn down a lot over the next 2-3 years. We&#39;ll see.</p><p>While I do think that PLTR&#39;s 30% growth is at risk, I said this too:</p><blockquote>I believe that PLTR is still a Hold. Furthermore, I would not consider buying unless we see the price dip below $8, although that might not be low enough to get me to pull the trigger. We&#39;re in rough waters right now. But, again, I do think this is very unique and special company, that should do well over the very long term.</blockquote><p>The company isn&#39;t going bankrupt, or anything remotely that silly. And, we are below $8 at this time. I&#39;m going to very, very cautiously issue a &#34;Buy&#34; of PLTR at this point, for those investors looking to lower their cost basis, and also for those investors who want to tip toe into the company. Tread carefully. Move slowly. Size properly, and be sure to diversify as appropriate for your risk tolerance and portfolio composition.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Palantir: Down 80% - Move Slowly, Size Properly, And Diversify</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPalantir: Down 80% - Move Slowly, Size Properly, And Diversify\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-06 07:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4538855-palantir-down-80-percent-move-slowly-size-properly-and-diversify><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryPalantir is down 80% from its all-time high.Investors getting back to even face a tough road ahead.Volatility can cloud judgment and amplifies emotions.PLTR could be a Buy for certain investors...</p>\n\n<a href=\"https://seekingalpha.com/article/4538855-palantir-down-80-percent-move-slowly-size-properly-and-diversify\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLTR":"Palantir Technologies Inc."},"source_url":"https://seekingalpha.com/article/4538855-palantir-down-80-percent-move-slowly-size-properly-and-diversify","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2264713810","content_text":"SummaryPalantir is down 80% from its all-time high.Investors getting back to even face a tough road ahead.Volatility can cloud judgment and amplifies emotions.PLTR could be a Buy for certain investors; I'm cautiously optimistic.Maria Symchych-NavrotskaDown 80%Palantir (NYSE:PLTR) is down 80% from its all-time high. Actually, to be very precise, PLTR is down 81%, but what's 1% between friends?PLTR data by YChartsSo, what was happening back then?Palantir Technologiesbags new $22.5M contract in JapanFujitsu signs $8M contract as Palantir Foundry customerPalantir selected to work on Army’s Ground Station modernizationPalantir announces multi-million dollar deal with PG&EPalantir shares surge 25% ahead of Demo DayIt certainly wasn't all good news:Palantir cut to sell at Citi ahead of lockup, decelerating growthYet, we were in the days of Wall Street Bets going wild. And, the key back in early 2021 was that PLTR was riding high on sentiment, and retail. At that point in time, few people were thinking about \"macro\" at all:Retail trading is definitely changing the way markets function, but what really seems to matter is that we now have a stock picker's market for the first time since the dot-com bubble. That means stocks may be less sensitive to the broader economy than they used to be, while the professionals need to pay attention to a new generation of investors that entered the scene after the rise of commission-free trading. Instead of following many of the upgrades and downgrades on Wall Street, they're doing their own research on platforms like Seeking Alpha, and signaling a new era to the DIY investing atmosphere.Of course, we know from even the most basic charts that retail went sour and macro has taken over for now: interest rates, inflation, war, just to name a few factors that have taken hold. I was rather clear about this in May 2022:The biggest macro story last year into this year was that growth was shifting to value. Of course, PLTR is clearly in the growth category. However, at this time, we have the perfect storm of inflation, supply chain issues, growth out of favor, and way more. Just about everything is against PLTR in the grand view.Are We Really Down 80%This is where things get tricky. I'm down about 35% because my cost basis is over $11. It's not too hard to mathematically figure out how far an investor is down. It's also not mathematically hard to figure out how much is required to get back to even. The problem is that it's psychologically difficult to put losses and gains together.Here's what I mean:One of the more compelling aspects of investing is the math of gains and losses. Very simply, a 50% gain does not allow a portfolio to recover from a 50% loss. In fact, a 100% gain is required to restore a 50% loss.Here's a compelling picture to better understand how this works:The Math of Recovery From a Portfolio Loss (Craig Israelsen, Ph.D.)Importantly, this also applies to any individual stock. The math doesn't change because we're looking at the S&P 500 (SPY) or PLTR.Making this personal, I'm down 35% so PLTR needs to gain about 54% from here for me to get back to even on my investment. As I'm writing this up, PLTR is trading at $7.40 so I can multiply by 1.54 (i.e., 54%) to see that is how I get back to my cost basis of $11.40.Again, I must stress that the math isn't too difficult. The decline is easy to calculate. And, the gain is easy to calculate. But, what happens is that we anchor to our starting price, so the recovery feels extra painful. Pain and pleasure are not symmetric.If there is a tiger chasing after you versus a suitcase full of money in front of you, which would motivate the average person to act quickly? Avoiding a certain amount of immediate pain wins over gaining immediate pleasure every time. Studies have demonstrated time and time again that people will do much more to avoid short-term pain than they will to gain short-term pleasure.This is why having a long-term view of an investment is so critical. The more you check your investments, like PLTR, the more likely you are to feel bad. This is true even when the stock is mostly going up, because every tick down is 2-3x more painful than one tick up. Furthermore, this also partially explains why it's critical to have a portfolio that makes you comfortable. In other words, diversification helps to moderate feelings because quite often at least some investments are going up.Putting The \"Loss\" in PerspectiveMy little psychology lesson here is of paramount importance. If you believe that PLTR is a meme stock, then you will be thinking of PLTR as a short-term play. It's quite likely that selling will happen on big dips and it will be painful.On the other hand, if you believe Alex Karp, in that PLTR is a long-term play, then your patience will grow dramatically.Hat Tip to Samuel Smith for clarifying this, in regards to Karp speaking at the World Economic Forum:Given the required scale, scope, and strength of enterprise software products, PLTR typically takes up to 5 years to fully build them. As a result, the true value of PLTR at any point in time is often never fully appreciated until ~5 years down the road. The bright side of this, however, is that due to the length of time required for fully building and implementing a new enterprise software product, they often have even longer durations in the marketplace.I don't think I've ever really made the case that PLTR was a short play. My minimum is nearly always 2-3 years, often much longer. When you buy PLTR, you better plan on holding a long time or you'll almost certainly be selling.Here, let me help you with that using a simple visual.PLTR 30-Day Rolling Volatility data by YChartsThat's volatility and it will shake weak hands, forcing them to sell. That's the fear part of volatility. But keep in mind that volatility also generates greed. When the price is rising like crazy the herd jumps on board:25% PLTR Share Price Gain Without Any Catalysts (Seeking Alpha)No new catalysts? That's not entirely true because we know from the title that this was on the cusp of PLTR's Demo Day. Emotions. Sentiment. Yes, that's absolutely true, and the expectations of the herd itself was the catalyst. Although, to be clear, and fair, there was no tangible catalyst on July 22nd, 2021. In any event, we know PLTR will vacillate. I see no reason why this will not continue so \"Fair Warning!\" is issued again: Here There Be Volatility.Wrap UpMost investors holding PLTR are holding onto a capital loss. The downside is the difficult problem of getting back to even, or even moving into the green. We're all looking to win, right?The upside is that it's now a bit easier to understand PLTR's price action, with a reference to volatility. Furthermore, it's a wee bit more simple to know what it will take to get to even, at least in terms of the financials.What are the catalysts?Q2 2022 tells us quite a bit:Overall Revenue Growth (i.e., $473 million in Q2 2022)Customer Count Increases (e.g., Q2 2022 count up to 304 from 169 YoY)TAM Expansion (i.e., Gotham, Foundry, Apollo all open for expansion)New Products (e.g., Edge AI, HyperAuto, OPIs, Cosmos, Pipeline Builder)Developer Community (e.g., Foundry Docs, APIs public, Content Creators)Of course, I'm still frustrated by stock-based compensation. Just look up some of my PLTR articles. It comes up many times. But, I also note that I expect that to burn down a lot over the next 2-3 years. We'll see.While I do think that PLTR's 30% growth is at risk, I said this too:I believe that PLTR is still a Hold. Furthermore, I would not consider buying unless we see the price dip below $8, although that might not be low enough to get me to pull the trigger. We're in rough waters right now. But, again, I do think this is very unique and special company, that should do well over the very long term.The company isn't going bankrupt, or anything remotely that silly. And, we are below $8 at this time. I'm going to very, very cautiously issue a \"Buy\" of PLTR at this point, for those investors looking to lower their cost basis, and also for those investors who want to tip toe into the company. Tread carefully. Move slowly. Size properly, and be sure to diversify as appropriate for your risk tolerance and portfolio composition.","news_type":1},"isVote":1,"tweetType":1,"viewCount":120,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9991010442,"gmtCreate":1660747102488,"gmtModify":1676536391164,"author":{"id":"4108549010162030","authorId":"4108549010162030","name":"志冲斗牛","avatar":"https://static.itradeup.com/news/4443a3100c1d462665e8b22914e01407","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"i believe it's still a potential stock for long term investment.","listText":"i believe it's still a potential stock for long term investment.","text":"i believe it's still a potential stock for long term investment.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9991010442","repostId":"2259007017","repostType":2,"repost":{"id":"2259007017","pubTimestamp":1660706834,"share":"https://www.laohu8.com/m/news/2259007017?lang=&edition=full","pubTime":"2022-08-17 11:27","market":"us","language":"en","title":"Palantir: Could It Be A FAANG?","url":"https://stock-news.laohu8.com/highlight/detail?id=2259007017","media":"Seeking Alpha","summary":"SummaryArguably all FAANG companies have been controversial in their early days. It is the pre-condi","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Arguably all FAANG companies have been controversial in their early days. It is the pre-condition of exploring a new market.</li><li>And few companies have been as controversial as Palantir, which is supported by the observation that the company works with the CIA and US spec ops.</li><li>In a nutshell, Palantir builds and markets an infrastructure that allows to aggregate and analyze large amounts of unstructured data.</li><li>Reflecting on enterprise digitalization, the metaverse and a expansion of crypto, Palantir&#39;s market opportunity in 2030 could be $1 trillion.</li><li>In my opinion, Palantir is undervalued. My base-case target price is $22.4/share.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8f6cfa718e8398417ea21d2c4e2d8712\" tg-width=\"1080\" tg-height=\"720\" referrerpolicy=\"no-referrer\"/><span>Michael Vi/iStock Editorial via Getty Images</span></p><p><b>Thesis</b></p><p>Few companies are as controversial as Palantir (NYSE:PLTR). Some investors believe this company is building the infrastructure for the future, while others believe Palantir&#39;s market potential is limited to government intelligence anddoes not really have a competitive advantage against competitors. Even more notable, the same investor could alternate between these two views. For example, Cathie Wood once believed in Palantir&#39;s potential and bought as much as 15 million shares. But since then, she has completely sold out her fund&#39;s holdings. What is going on? How should investors think about Palantir. This article should provide more clarity.</p><p>For reference, Palantir stock is down more than 70% from ATH. YTD, Palantir is down more than 46%, while over the same period, the S&amp;P 500 has lost only about 11%.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/af9d1937b029ea7046d54454782db814\" tg-width=\"640\" tg-height=\"239\" referrerpolicy=\"no-referrer\"/><span>Seeking Alpha</span></p><p><b>More About Palantir</b></p><p>Arguably a key reason why investors have difficulties building an investment thesis around Palantir is that many actually do not really understand what Palantir does. This is understandable given that the company works, amongst others, with the US Special Forces and the CIA on secret projects.</p><p>In a nutshell, and somehow simplified,Palantir builds and markets an infrastructure that allows to aggregate and analyze large amounts of unstructured data. Or in other words, Palantir builds an operating system for data management on which users can layer interfaces and visualizations. This allows users to derive value-adding insights and support intelligence-driven decision making. That said, customers use the company&#39;s software to optimize production processes, consumer insights and marketing efforts, capital management and risk oversight.</p><p>For example, in the past Palantir has supported: the government with the planning and execution of special war operations; banks with scenario analysis and risk management during the financial crisis; the structured distribution of COVID-19 vaccines around the world to fight the epidemic.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b330c63a70d472c9062a1c0c227863cc\" tg-width=\"640\" tg-height=\"360\" referrerpolicy=\"no-referrer\"/><span>Palantir Q2 2022 Presentation</span></p><p><b>Palantir&#39;s Opportunity</b></p><p>Palantir&#39;s market opportunity definitely has the potential to capture a potential that could indicate FAANG potential. In 2020, Palantir said that its addressable market is valued at around $120 billion.According to IDC, the market for data management/analytics and business intelligence (or in other words &#39;edge computing&#39;) is estimated at about $250 billion in 2024. And while I have no research to support this, I argue that on the backdrop of accelerating enterprise digitalization, the metaverse innovation and a continued expansion of crypto, Palantir&#39;s market opportunity could be valued at a $1 trillion potential in 2030 (this would indicate about 25% CAGR until 2030)</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5059c99b7d668bc766ffa96f0681e120\" tg-width=\"640\" tg-height=\"364\" referrerpolicy=\"no-referrer\"/><span>Palantir Q2 2022 Presentation</span></p><p>Reflecting on Palantir&#39;s market opportunity,Alex Karp said:</p><blockquote><i>We are working towards a future where all large institutions in the United States and its allies abroad are running significant segments of their operations, if not their operations as a whole, on Palantir.</i></blockquote><blockquote><i>Most other companies are targeting small segments of the market.</i></blockquote><blockquote><b><i>We see and intend to capture the whole.</i></b></blockquote><p><b>Palantir Valuation</b></p><p>Palantir is currently valued at a one-year forward EV/Sales of x9.6 and a Price/Free Cash Flow of almost x75. Accordingly, it is fair to say that PLTR is trading expensively. But investors should consider the valuation in relation to the company&#39;s accelerating business expansion.</p><p>Personally, I believe that Palantir&#39;s business could grow at a 25% CAGR for the next 7 years. Accordingly, the company&#39;s sales could reach about $12 billion in 2030. If we consider a net-profit margin of 28%, which is in line with asset-light software firms, Palantir&#39;s net income for 2030 could be as high as $3.3 billion. I believe a x25 P/E multiple for 2030 could be reasonable and so I see a market capitalization of $82.5 billion. (Assuming Palantir&#39;s net-debt position does not change)</p><p>An analyst may discount the $82.5 billion with a reasonable rate, which I anchor on 8%, and find that Palantir should be valued at about $48 billion today, or about $22.4/share.</p><p>Risks</p><p>Investing in Palantir is a speculation, as there is considerable uncertainty related to projecting a company&#39;s fundamentals for multiple years into the future. Moreover, the uncertainty surrounding Palantir&#39;s value proposition adds to the complexity. That said, there is no guarantee that the company will reach my estimated 2030 sales and profitability targets.</p><p>Investors should also consider that much of Palantir&#39;s current share price volatility is driven by investor sentiment towards stocks. Accordingly, investors should expect price volatility even though Palantir&#39;s business outlook remains unchanged.</p><p><b>Conclusion</b></p><p>Arguably all FAANG companies have been controversial in their early days. It is the pre-condition of exploring a new market. Has Palantir the market and product potential to grow into a powerhouse that could rival the FAANGs? Personally, I do think so. Or as CEO Karp commented:</p><blockquote>We believe that our most significant growth is still yet to com</blockquote><p>I estimate that the market for data analytics and business intelligence could grow at a 25% CAGR until 2025 and accordingly I see significant upside for Palantir&#39;s business. If my analysis is correct, Palantir is undervalued. My base-case target price is $22.4/share.</p><p><i>What do you think, could Palantir be an equal to the FAANGs?</i></p><p>This article was written by Cavenagh Research. This document is for reference only.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Palantir: Could It Be A FAANG?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPalantir: Could It Be A FAANG?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-17 11:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4534710-palantir-stock-could-it-be-a-faang><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryArguably all FAANG companies have been controversial in their early days. It is the pre-condition of exploring a new market.And few companies have been as controversial as Palantir, which is ...</p>\n\n<a href=\"https://seekingalpha.com/article/4534710-palantir-stock-could-it-be-a-faang\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLTR":"Palantir Technologies Inc."},"source_url":"https://seekingalpha.com/article/4534710-palantir-stock-could-it-be-a-faang","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2259007017","content_text":"SummaryArguably all FAANG companies have been controversial in their early days. It is the pre-condition of exploring a new market.And few companies have been as controversial as Palantir, which is supported by the observation that the company works with the CIA and US spec ops.In a nutshell, Palantir builds and markets an infrastructure that allows to aggregate and analyze large amounts of unstructured data.Reflecting on enterprise digitalization, the metaverse and a expansion of crypto, Palantir's market opportunity in 2030 could be $1 trillion.In my opinion, Palantir is undervalued. My base-case target price is $22.4/share.Michael Vi/iStock Editorial via Getty ImagesThesisFew companies are as controversial as Palantir (NYSE:PLTR). Some investors believe this company is building the infrastructure for the future, while others believe Palantir's market potential is limited to government intelligence anddoes not really have a competitive advantage against competitors. Even more notable, the same investor could alternate between these two views. For example, Cathie Wood once believed in Palantir's potential and bought as much as 15 million shares. But since then, she has completely sold out her fund's holdings. What is going on? How should investors think about Palantir. This article should provide more clarity.For reference, Palantir stock is down more than 70% from ATH. YTD, Palantir is down more than 46%, while over the same period, the S&P 500 has lost only about 11%.Seeking AlphaMore About PalantirArguably a key reason why investors have difficulties building an investment thesis around Palantir is that many actually do not really understand what Palantir does. This is understandable given that the company works, amongst others, with the US Special Forces and the CIA on secret projects.In a nutshell, and somehow simplified,Palantir builds and markets an infrastructure that allows to aggregate and analyze large amounts of unstructured data. Or in other words, Palantir builds an operating system for data management on which users can layer interfaces and visualizations. This allows users to derive value-adding insights and support intelligence-driven decision making. That said, customers use the company's software to optimize production processes, consumer insights and marketing efforts, capital management and risk oversight.For example, in the past Palantir has supported: the government with the planning and execution of special war operations; banks with scenario analysis and risk management during the financial crisis; the structured distribution of COVID-19 vaccines around the world to fight the epidemic.Palantir Q2 2022 PresentationPalantir's OpportunityPalantir's market opportunity definitely has the potential to capture a potential that could indicate FAANG potential. In 2020, Palantir said that its addressable market is valued at around $120 billion.According to IDC, the market for data management/analytics and business intelligence (or in other words 'edge computing') is estimated at about $250 billion in 2024. And while I have no research to support this, I argue that on the backdrop of accelerating enterprise digitalization, the metaverse innovation and a continued expansion of crypto, Palantir's market opportunity could be valued at a $1 trillion potential in 2030 (this would indicate about 25% CAGR until 2030)Palantir Q2 2022 PresentationReflecting on Palantir's market opportunity,Alex Karp said:We are working towards a future where all large institutions in the United States and its allies abroad are running significant segments of their operations, if not their operations as a whole, on Palantir.Most other companies are targeting small segments of the market.We see and intend to capture the whole.Palantir ValuationPalantir is currently valued at a one-year forward EV/Sales of x9.6 and a Price/Free Cash Flow of almost x75. Accordingly, it is fair to say that PLTR is trading expensively. But investors should consider the valuation in relation to the company's accelerating business expansion.Personally, I believe that Palantir's business could grow at a 25% CAGR for the next 7 years. Accordingly, the company's sales could reach about $12 billion in 2030. If we consider a net-profit margin of 28%, which is in line with asset-light software firms, Palantir's net income for 2030 could be as high as $3.3 billion. I believe a x25 P/E multiple for 2030 could be reasonable and so I see a market capitalization of $82.5 billion. (Assuming Palantir's net-debt position does not change)An analyst may discount the $82.5 billion with a reasonable rate, which I anchor on 8%, and find that Palantir should be valued at about $48 billion today, or about $22.4/share.RisksInvesting in Palantir is a speculation, as there is considerable uncertainty related to projecting a company's fundamentals for multiple years into the future. Moreover, the uncertainty surrounding Palantir's value proposition adds to the complexity. That said, there is no guarantee that the company will reach my estimated 2030 sales and profitability targets.Investors should also consider that much of Palantir's current share price volatility is driven by investor sentiment towards stocks. Accordingly, investors should expect price volatility even though Palantir's business outlook remains unchanged.ConclusionArguably all FAANG companies have been controversial in their early days. It is the pre-condition of exploring a new market. Has Palantir the market and product potential to grow into a powerhouse that could rival the FAANGs? Personally, I do think so. Or as CEO Karp commented:We believe that our most significant growth is still yet to comI estimate that the market for data analytics and business intelligence could grow at a 25% CAGR until 2025 and accordingly I see significant upside for Palantir's business. If my analysis is correct, Palantir is undervalued. My base-case target price is $22.4/share.What do you think, could Palantir be an equal to the FAANGs?This article was written by Cavenagh Research. This document is for reference only.","news_type":1},"isVote":1,"tweetType":1,"viewCount":124,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9901607595,"gmtCreate":1659176629317,"gmtModify":1676536269132,"author":{"id":"4108549010162030","authorId":"4108549010162030","name":"志冲斗牛","avatar":"https://static.itradeup.com/news/4443a3100c1d462665e8b22914e01407","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Thanks for the share","listText":"Thanks for the share","text":"Thanks for the share","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9901607595","repostId":"2255055705","repostType":4,"repost":{"id":"2255055705","pubTimestamp":1659146457,"share":"https://www.laohu8.com/m/news/2255055705?lang=&edition=full","pubTime":"2022-07-30 10:00","market":"us","language":"en","title":"3 No-Brainer Stocks I'd Buy Right Now Without Hesitation","url":"https://stock-news.laohu8.com/highlight/detail?id=2255055705","media":"Motley Fool","summary":"Buying shares of growing companies during a market downturn should lead to great rewards down the road.","content":"<html><head></head><body><p></p><p>The stock market just completed its worst first half in 50 years -- but as bad as that seems, it&#39;s good news if you have at least 10 years until retirement. Many high-quality companies have stocks being traded at steep discounts compared to what they&#39;re worth.</p><p>If it were my money, I would be looking at companies that are still posting solid growth in revenue. That&#39;s a surefire signal that those companies are continuing to build intrinsic value for investors, even if it&#39;s not immediately reflected by the market.</p><p>Here&#39;s why I think <b>Activision Blizzard</b>, <b>Adobe</b>, and <b>Salesforce</b> are terrific investments.</p><h2>1. Activision Blizzard</h2><p>Activision is one of the largest video game makers in the world, with $8.3 billion in revenue. The company&#39;s games include <i>World of Warcraft</i>, <i>Call of Duty</i>, <i>Overwatch</i>, and the mobile game <i>Candy Crush</i>, among many others. Across all titles, Activision had 372 million monthly active users in the first quarter.</p><p>Activision is arguably one of the best stocks to own across the entire market. The reason is that the shares currently trade at $79.79 -- a steep discount to the $95 per share price <b>Microsoft</b> is paying to buy the whole company in an all-cash deal worth $68 billion.</p><p>Initially, investors were skeptical that the Federal Trade Commission (FTC), which has shown greater efforts to keep a tight leash on big tech, would approve the deal. That explains the discount between Activision&#39;s trading price and the buyout offer, but it&#39;s increasingly likely the FTC will give the green light.</p><p>Recently, an analyst with MoffettNathanson upgraded Activision stock to a buy. Even Warren Buffett&#39;s <b>Berkshire Hathaway</b> has built a $5 billion position in the game maker, a strong vote of confidence that Microsoft&#39;s $68 billion offer won&#39;t be denied.</p><p>The acquisition is expected to be completed during Microsoft&#39;s fiscal 2023, which ends in June. When it closes, Activision shareholders will receive $95 per share, representing a return of 18% over the current share price.</p><p>If anything, Activision stock is a good choice to hedge against a further decline in the markets.</p><h2>2. Adobe</h2><p>Adobe is famous for bringing the PDF file format into the mainstream and is one of the largest software companies in the world. It provides productivity and creative software for students, graphics designers, video editors, and others.</p><p>Adobe has delivered very consistent growth for years. It has doubled revenue over the last five years to $16 billion. Despite the weakening economy in the first quarter, Adobe delivered solid revenue growth of 14% year over year. Management reported strong performance in core products, with growing momentum in new product categories.</p><p>Investors should invest in Adobe because of the long-term societal trends working in its favor. The growth of social media, especially the growing popularity of video platforms like <b>Alphabet</b>&#39;s YouTube, is giving rise to the creator economy. There are an estimated 50 million people in the world that consider themselves content creators, with more than 2 million making content professionally.</p><p>The growth of digital media is a massive opportunity for Adobe and is the key reason why the company continues to post more growth.</p><p>A consistent, high-growth business ultimately deserves a premium valuation, so Adobe stock is not cheap. It trades at a price-to-earnings ratio of 36, but with shares down 30% year-to-date, this is a quality stock worth buying on the dip.</p><h2>3. Salesforce</h2><p>Salesforce is another top software-as-a-service stock worth making a core holding in any investor&#39;s portfolio. In the first quarter, Salesforce posted revenue growth of 24% year over year, which is consistent with its operating history. Over the last year, the company generated $5.7 billion in free cash flow on $28 billion in revenue.</p><p>Salesforce is the No.1 customer relationship management (CRM) provider. Companies use the company&#39;s software to manage sales, marketing, e-commerce, and communication across their workforce. Companies love it because it&#39;s cloud-based and sold as a subscription, so there are no installation requirements or difficulty in getting up and running.</p><p>The stock has delivered multi-bagger returns to shareholders over the last 20 years. It has led the CRM market for nine consecutive years and is still gaining market share, according to the International Data Corp.</p><p>The stock has always looked expensive, but the market dip is handing investors a great opportunity to add this top performer to their nest eggs. The stock has historically traded close to 10 times trailing sales but now trades at a price-to-sales ratio of just 6.2.</p><p>The first-quarter update shows the business still growing and building a lead on the competition. Don&#39;t let the market downturn discourage you from starting a position in this quality growth stock.</p><p></p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 No-Brainer Stocks I'd Buy Right Now Without Hesitation</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 No-Brainer Stocks I'd Buy Right Now Without Hesitation\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-30 10:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/07/29/no-brainer-stocks-buy-right-now-without-hesitation/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The stock market just completed its worst first half in 50 years -- but as bad as that seems, it's good news if you have at least 10 years until retirement. Many high-quality companies have stocks ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/07/29/no-brainer-stocks-buy-right-now-without-hesitation/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CRM":"赛富时","ATVI":"动视暴雪","ADBE":"Adobe"},"source_url":"https://www.fool.com/investing/2022/07/29/no-brainer-stocks-buy-right-now-without-hesitation/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2255055705","content_text":"The stock market just completed its worst first half in 50 years -- but as bad as that seems, it's good news if you have at least 10 years until retirement. Many high-quality companies have stocks being traded at steep discounts compared to what they're worth.If it were my money, I would be looking at companies that are still posting solid growth in revenue. That's a surefire signal that those companies are continuing to build intrinsic value for investors, even if it's not immediately reflected by the market.Here's why I think Activision Blizzard, Adobe, and Salesforce are terrific investments.1. Activision BlizzardActivision is one of the largest video game makers in the world, with $8.3 billion in revenue. The company's games include World of Warcraft, Call of Duty, Overwatch, and the mobile game Candy Crush, among many others. Across all titles, Activision had 372 million monthly active users in the first quarter.Activision is arguably one of the best stocks to own across the entire market. The reason is that the shares currently trade at $79.79 -- a steep discount to the $95 per share price Microsoft is paying to buy the whole company in an all-cash deal worth $68 billion.Initially, investors were skeptical that the Federal Trade Commission (FTC), which has shown greater efforts to keep a tight leash on big tech, would approve the deal. That explains the discount between Activision's trading price and the buyout offer, but it's increasingly likely the FTC will give the green light.Recently, an analyst with MoffettNathanson upgraded Activision stock to a buy. Even Warren Buffett's Berkshire Hathaway has built a $5 billion position in the game maker, a strong vote of confidence that Microsoft's $68 billion offer won't be denied.The acquisition is expected to be completed during Microsoft's fiscal 2023, which ends in June. When it closes, Activision shareholders will receive $95 per share, representing a return of 18% over the current share price.If anything, Activision stock is a good choice to hedge against a further decline in the markets.2. AdobeAdobe is famous for bringing the PDF file format into the mainstream and is one of the largest software companies in the world. It provides productivity and creative software for students, graphics designers, video editors, and others.Adobe has delivered very consistent growth for years. It has doubled revenue over the last five years to $16 billion. Despite the weakening economy in the first quarter, Adobe delivered solid revenue growth of 14% year over year. Management reported strong performance in core products, with growing momentum in new product categories.Investors should invest in Adobe because of the long-term societal trends working in its favor. The growth of social media, especially the growing popularity of video platforms like Alphabet's YouTube, is giving rise to the creator economy. There are an estimated 50 million people in the world that consider themselves content creators, with more than 2 million making content professionally.The growth of digital media is a massive opportunity for Adobe and is the key reason why the company continues to post more growth.A consistent, high-growth business ultimately deserves a premium valuation, so Adobe stock is not cheap. It trades at a price-to-earnings ratio of 36, but with shares down 30% year-to-date, this is a quality stock worth buying on the dip.3. SalesforceSalesforce is another top software-as-a-service stock worth making a core holding in any investor's portfolio. In the first quarter, Salesforce posted revenue growth of 24% year over year, which is consistent with its operating history. Over the last year, the company generated $5.7 billion in free cash flow on $28 billion in revenue.Salesforce is the No.1 customer relationship management (CRM) provider. Companies use the company's software to manage sales, marketing, e-commerce, and communication across their workforce. Companies love it because it's cloud-based and sold as a subscription, so there are no installation requirements or difficulty in getting up and running.The stock has delivered multi-bagger returns to shareholders over the last 20 years. It has led the CRM market for nine consecutive years and is still gaining market share, according to the International Data Corp.The stock has always looked expensive, but the market dip is handing investors a great opportunity to add this top performer to their nest eggs. The stock has historically traded close to 10 times trailing sales but now trades at a price-to-sales ratio of just 6.2.The first-quarter update shows the business still growing and building a lead on the competition. Don't let the market downturn discourage you from starting a position in this quality growth stock.","news_type":1},"isVote":1,"tweetType":1,"viewCount":270,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9075268764,"gmtCreate":1658205445058,"gmtModify":1676536122310,"author":{"id":"4108549010162030","authorId":"4108549010162030","name":"志冲斗牛","avatar":"https://static.itradeup.com/news/4443a3100c1d462665e8b22914e01407","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Like&nbsp;","listText":"Like&nbsp;","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9075268764","repostId":"1141191666","repostType":4,"repost":{"id":"1141191666","pubTimestamp":1658199313,"share":"https://www.laohu8.com/m/news/1141191666?lang=&edition=full","pubTime":"2022-07-19 10:55","market":"us","language":"en","title":"Apple: A Wonderful Business At A Fair Price, Assuming Growth Continues","url":"https://stock-news.laohu8.com/highlight/detail?id=1141191666","media":"Seeking Alpha","summary":"SummaryWith an ever-growing services component representing 20% of Apple's revenue at a 72.6% gross ","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>With an ever-growing services component representing 20% of Apple&#39;s revenue at a 72.6% gross margin, growth is coming in at high margin.</li><li>$86 billion of Apple shares repurchased in the last 12 months, coupled with a $15 billion dividend, makes up the lion&#39;s share of a record $105.8 billion of free cash flow.</li><li>Valuation is at a fair middle ground of 23.16x free cash flow - a fair price for a wonderful business securing good, not great returns over 5 years.</li></ul><p><b>Fundamental 10-Step Analysis Of Apple Health &amp; Valuation</b></p><p>It&#39;s been a wild ride of a year for Apple Inc. (NASDAQ:AAPL) - just twelve months ago the company was generating $90B in free cash flow &amp; $76B in earnings, then fluctuated between $130 and $180 per share from the exuberance of the market to the decline of all things tech, and now has settled at...almost precisely where it was on a share price basis one year ago.</p><p>But wait...with a nearly 5% decline in shares outstanding the market cap actually sits slightly lower now than one year ago. And now Apple is generating nearly $106B in free cash flow and almost $102B in earnings. Clearly, the valuation has dropped while the fundamental performance has continued progressing forward at rates almost unheard of for a $2.45T (with a T) market cap company. As you will see based on the fundamentals, this is clearly a wonderful business that has continued to outperform its competitors and almost every other business with its reach, moat, and financial performance. The analysis shows this with ease, but with each step, we must ask and assess - can this continue?</p><p>Let&#39;s take a look at the current share price&#39;s justification by valuation metrics and the fundamentals over the past 5 years.</p><p><img src=\"https://static.tigerbbs.com/86eaf0d782cee5325b02b022bb623280\" tg-width=\"635\" tg-height=\"417\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Data by YCharts</p><p>Using the $2.451T market cap as of July 18, 2022, Apple is the world&#39;s most valuable company and has grown over 5 years at compounded annual growth rates that astound: 12% revenue CAGR, 17.5% earnings CAGR, and over 14% free cash flow CAGR - all while decreasing share count at 5% compounded annually. The margins continue expanding as the services component of the business continues growing, now making up 20% of total revenue at 72.6% gross margin - the second largest category of revenue Apple breaks out.</p><p><img src=\"https://static.tigerbbs.com/39d0b86012afe08f5c49e3373d6b6147\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Data by YCharts</p><p>Just look at this return from 10 years showing the price growth of $10,000. Apple, through high return on invested capital, earnings growth, and recent share buybacks, was able to more than double the S&amp;P 500 return. But it wasn&#39;t always the case - the outperformance has occurred almost exclusively since the end of 2019 as the valuation metric went from 10-12x earnings to nearly 30 in the most exuberant parts of late 2021. All of this sets the stage for some introspection from an investor&#39;s standpoint: clearly, the company operated in the doldrums compared to the S&amp;P 500 return for many years, can this pattern return? Or should investors take solace in what has been a steady improvement in the business fundamentals and management&#39;s experience in continuing this growth?</p><p>Using a 10-Step Fundamental Analysis detailed further here, I will examine 10 important components of Apple and how the company measures up on each metric, either assigning a 1/1, 0.5/1, or a 0/1 for each of the 10 components.</p><p><b>Incredible Revenue &amp; Income Growth Almost Defies the &#34;Law of Large Numbers&#34;</b><img src=\"https://static.tigerbbs.com/19dccc1a6b99630c7e38aed07199e02b\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Data by YCharts</p><p>Looking at trailing 12-month numbers as of March 31, 2022 for operating revenue over the past 5 years, Apple has increased revenue from $220.46B in 2017 to $386.02B in 2022. Revenue increase has come from a combination of extreme digital services growth, Mac outperformance in the market, the emergence of a &#34;wearables&#34; market with Apple Watch, and of course, iPhone strength and pricing power during the 5-year period. With consumers comfortable paying well over $1,000 for iPhone in 2022 as the center of their digital lifestyle, revenue has increased significantly as compared to the $699 starting price for an iPhone 8 in 2017. (Source)</p><p>This is an example of what Warren Buffett refers to as a &#34;moat&#34; or durable competitive advantage. As services grow and the ecosystem continues expanding and becoming more indispensable to the consumer, the &#34;stickiness&#34; factor of the iPhone means pricing power can continue to rise. Where upgrades every two years used to be entirely or partially subsidized by the wireless carriers just 5 years ago, now it is completely common practice to have monthly payments for the iPhone on your wireless bill monthly, as high as $50 per month!</p><p>Not only that, but here is the brilliance of this model - the carrier pays Apple and you pay the carrier so the cost on a monthly basis feels minimal - every $100 in pricing power the iPhone achieves is barely over $4 per month over 24 months for the consumer - and the consumer isn&#39;t even paying Apple directly most of the time. All of this along with the services ecosystem is a tremendous tailwind for the company. This revenue growth has grown at an 11.9% CAGR over the past 5 years, but taking into account the share buybacks creates an even more enhanced piece of data: per share revenue - which grew from $10.57/share in 2017 to $23.85/share in 2022 or a 17.7% CAGR.</p><p>This is the effect of share buybacks and how they can even further enhance growth for the investor. The compounding machine continues forward at rates that are incredible for a company generating well over a third of a trillion dollars in annual revenue.</p><table><tbody><tr><td><b>Revenue Growth: $220.46B -&gt; $386.02B over 5 years, 11.9% CAGR // 17.7% per share CAGR with buybacks</b></td></tr></tbody></table><p>Incredible revenue growth at this large of a scale over 5 years enhanced by share buybacks, and continuing to grow at over a 9% rate quarter over quarter even with a strong dollar.<b><i>Score: 1/1</i></b></p><p><img src=\"https://static.tigerbbs.com/7075033a3a59fc5462732332d483c4f7\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Data by YCharts</p><p>Although net income is not quite as insightful of a valuation metric compared to free cash flow, Apple&#39;s sensible and consistent investments, coupled with heavy research and development (versus property plant &amp; equipment) leads to a very similar net income or earnings figure to free cash flow - one that is growing at a rapid rate. Using trailing twelve-month figures as of March 31, 2022 - Apple&#39;s net income has more than doubled over the past 5 years from $45.73B to $101.94B representing a massive 17.4% CAGR. These figures are further enhanced as shown in the chart when seen through a per share basis to account for the buybacks: $2.19/share in earnings in 2017 growing to $6.30/share in earnings over 5 years or a 23.5% CAGR. (Note the chart doesn&#39;t accurately show the most up-to-date and ever decreasing share count).</p><p>These types of growth rates in a mature business are incredible and highlight the power of the internal compound with minimal capital expenditures required compared to operational free cash flow (but a high rate of return achieved on those expenditures to enhance the compounding). These rates of earnings compounded growth and per share growth even outpace those of AutoZone (AZO), which has experienced enormous industry tailwinds, minimal capital expenditures, and transformational share buybacks -- and all at about 50 times the scale! (Source) But...now is a good time for an investor to ask the obvious...can this continue or has this simply just been a very good run?</p><p>Looking to the future, there are two major questions regarding headwinds that Apple will face in terms of their financial performance: 1) Will the law of big numbers eventually catch up to Apple?; and 2) Just how much more innovation is left and how long can the brand stay dominant in an industry notorious for systemic shifts? There are obviously no easy or resolute answers to be had to either question, but what we do know at present should alleviate major concerns, though leave smaller ones behind of course.</p><p>First, there is no doubt that the law of big numbers has and will continue in larger scale to drag performance. 10% growth on $38B in revenue is $3.8B or roughly 4-6 weeks of iPad sales - but 10% growth on $386.02B is $38.6B or roughly the entire Mac market for an entire year. This requires continual disrupting, innovating, market share growth, and pricing power. Luckily, I see all of these things continuing to happen with Apple: one example is the Watch is becoming a health device with so many paths forward towards not only usability but also revenue growth through services.</p><p>Then there&#39;s the Arcade, the Apple TV service, the Fitness service, the iCloud storage service, and so much more. What was once a one-time buy now is a very strong and sticky ecosystem with continual opportunities for revenue as highlighted by the 20% revenue that is services at an incredible 72.6% gross margin.</p><p>Will Apple stay dominant? All signs point to yes. The iPhone at the center of the digital world of so many consumers, especially young consumers, means they have and will continue building the Apple ecosystem around them in growing numbers.</p><table><tbody><tr><td><b>Income Growth: $45.73B -&gt; $101.94B over 5 years, 17.4% CAGR // 23.5% per share CAGR - Incredible!</b></td></tr></tbody></table><p>Very consistent &amp; robust income growth over 5 years significantly enhanced on a per share basis by share buybacks and a growing emphasis on very high margin services like subscriptions, storage, content, and the toll booth that is the App Store. <b><i>Score: 1/1</i></b></p><p><b>Strong Balance Sheet And Debt Ratios Do Not Detract From The Stability</b><img src=\"https://static.tigerbbs.com/f61d2e4dd1b3d9116c338518ea3a97b8\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Data by YCharts</p><p>Due to the liquidity of current retail assets being sold and the amount of inventory required, retailers and grocers traditionally do not hold current assets greater than current liabilities. This is magnified by such a large and growing mix of products, including the transition to Apple silicon from Intel, amongst other changes. It is also rumored to be an especially full and busy season for introducing new products, meaning that current liabilities at present could be higher than assets due to the supply chain timing.</p><p>Based on this and the established industry norms, while liquidity in terms of the company&#39;s ability to pay off all current liabilities with current assets is definitely ideal, it is rarely expected in a retail setting such as this due to sell-through rates. I will note, however, that this is the first time in the 5-year chart that this situation has occurred, which does give me pause and concern should it become a long-term trend as this would represent a reversion from historical norms for Apple.</p><table><tbody><tr><td><b>Assets vs. Liabilities: $118.18B current assets vs.$127.51B current liabilities / negative, but retail</b></td></tr></tbody></table><p>While common for retailers, current assets do fall short of current liabilities, representing less than ideal liquidity. Due to the norms of the industry practice, this being the first time it has happened in over 5 years, and the likelihood of correction in the future, we will deduct half a point instead of a full point. <b><i>Score: 0.5/1</i></b></p><p><img src=\"https://static.tigerbbs.com/31f8905f21e0a4c844a2187cb8a2b8e5\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Data by YCharts</p><p>Apple management has kept long-term debt of just over 1x annual free cash flow, which represents an extremely conservative and reasonable figure for management to keep within. The debt expansion did concern me at first glance, just looking at the chart above, but management noted in the Q2-2022 conference call:</p><blockquote>Let me now turn to our cash position. As we continue to generate very strong cash flow, we ended the quarter with $193 billion in cash and marketable securities. We repaid $3.8 billion in maturing debt while increasing commercial paper by $2 billion, leaving us with total debt of $120 billion. As a result, net cash was $73 billion at the end of the quarter. (Source)</blockquote><p>While $120 billion of total debt seems startlingly high, it could all be paid off immediately with the cash and marketable securities and still have $73 billion left over, not even mentioning the roughly $28 billion in free cash flow quarterly! Simply put, debt is so reasonably constrained at Apple that it represents a non-issue.</p><table><tbody><tr><td><b>Long Term Debt: Slight Growth, But At Just Over 1x Annual Free Cash Flow, It is a Non-Issue</b></td></tr></tbody></table><p>Management is prudently using debt, interest is a small portion of cash flow, and overall is just over 1x Free Cash Flow. <b><i>Score: 1/1</i></b></p><p><b>The Compounding Secret: Incredible Return on Invested Capital &amp; Vigorous Share Buybacks</b><img src=\"https://static.tigerbbs.com/d9c1583d3a1994afb1a94fd08a91d877\" tg-width=\"635\" tg-height=\"417\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Data by YCharts</p><p>After examining the long-term debt situation on the balance sheet, it appears an ideal time to examine management&#39;s returns from the capital invested back into the business. Return on invested capital is perhaps one of the most apparent indicators of a competent and innovative management team focused on shareholder return - how capital is invested and allocated back into the business. The average of S&amp;P 500 companies is approximately 7%. Looking at improving upon than average and towards companies deploying their money in a high quality manner, I look for businesses earning more than 10% return on invested capital.</p><p>Return on invested capital is a financial metric favored by Charlie Munger, stating<i>“It’s obvious that if a company generates high returns on capital and reinvests at high returns, it will do well.&#34; (Source)</i>With an average ROIC of 32% over the past 5 years, Apple management is doing a first-class job of using shareholder money in the most efficient and productive manner possible. Investors can feel confident whatever free cash flow is not being returned to shareholders in the form of buybacks and dividends is being very wisely used to internally compound growth within the company. In fact, current ROIC shows returns at 53.8% which is a massive surprise considering the capital being deployed by Apple, and the 10-year chart above represents just how consistently Apple has produced outsized returns.</p><p>To outpace the average S&amp;P in this regard by 4.5 times over 5 years and 7.5 times at present truly shows the magnitude by which Apple makes incredible investments within their company, generating substantial returns for shareholders. I consider this a major sign that services, with their high margins, are playing an outsized role in Apple&#39;s future growth as a business.</p><table><tbody><tr><td><b>Invested Capital &amp; Equity Returns: 32% ROIC avg 5 years &amp; currently 53.8% - Incredible Numbers</b></td></tr></tbody></table><p>ROIC is well above 10% at 32% average and 53.8% at present and continuing to grow quarter over quarter. Since shareholder equity is so strongly affected by aggressive buybacks, the return on equity percentage tops 150% at present. <b><i>Score: 1/1</i></b></p><p><img src=\"https://static.tigerbbs.com/b7fbd40abf39f361b8fec68fa5562112\" tg-width=\"635\" tg-height=\"450\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Data by YCharts</p><p>Apple has a share buyback program that is unrivaled in terms of sheer scale: in the last 12 months, nearly $86 billion of shares have been repurchased alone. Let&#39;s look at the chart above for a simple example: as shares (orange line) go down by 22.4% during 5 years, earnings per share (light blue line) go up by over 187% during the 5 years - so it is no surprise that the share price (purple line) also goes up, in this case, by some 275%.</p><p>The number of shares of the company and the way management either enhances shareholder value or dilutes it through buybacks or share issuances is a very meaningful metric for overall investor return. While some companies will buy back 1% of shares annually and have a very good buyback program at that, others will dilute and raise capital through issuing new shares.</p><p>With Apple, the magnitude of the buyback is truly impressive. In 5 years, the shares outstanding have decreased (taking into account the stock split) from 20,855,360,000 shares to 16,185,181,000 shares, representing a 22.4% decrease in shares and investors having a 5.23% CAGR just from buybacks alone! As demonstrated by Berkshire Hathaway&#39;s (BRK.A) (BRK.B) long-term buying back of shares, Apple management is showing that buybacks are one of the best ways to enhance shareholder return in a tax-efficient manner in the long term. The growth of the earnings power is magnified by the decrease in the share count, creating a compounding machine.</p><p><img src=\"https://static.tigerbbs.com/5cf260b00d80774c3c41bfabcefd94c6\" tg-width=\"635\" tg-height=\"417\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Data by YCharts</p><p>Take a look at one more chart just to really enhance the magnitude of this: from July 2012 to now, Apple decreased their share count by 38.5% - representing investors increasing their ownership stake in the company by 62%. It&#39;s good to be patient and let compounding do its job!</p><table><tbody><tr><td><b>Buybacks: 20.855B -&gt; 16.185B shares over 5 years, 22.4% decrease in shares - A+ and</b>At Huge Scale!</td></tr></tbody></table><p>Share count has decreased over past 5 years &amp; that is the gold standard. <b><i>Score: 1/1</i></b></p><p><b>Modestly Growing, Well-Covered Dividend Offers Little To Excite Investors</b><img src=\"https://static.tigerbbs.com/b06f4af0ed1745f8f7b58959f9ab3c1b\" tg-width=\"635\" tg-height=\"447\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Data by YCharts</p><p>Having increased the dividend at an 8% CAGR during the past 5 years from a split-adjusted $0.1575/share to the present $0.23/share annually, Apple represents just a 0.6% yield at the current valuation. However, because of the size of the business, this modest yield represents a total payout of $14.89B annually or 14% payout on total annual free cash flow. The growth has been modest when viewed against the power and size of the share buyback program, which is clearly Apple&#39;s preferred mechanism of shareholder return for the past 10 years.</p><p>Overall, this is a very minor footnote to the overall Apple investor story, albeit one that takes up nearly $15 billion in free cash flow resources annually. Based on present valuations as compared to past valuations, I would rather see even further enhanced share buybacks taking place - although having a dividend does create some semblance of cash flow for passive investors. At 911 million shares, Berkshire Hathaway&#39;s stake in Apple alone represents over $838 million annually in dividend payments.</p><table><tbody><tr><td><b>Dividend: $14.89B dividend annual, 0.60% yield / 14% payout of free cash flow / Modest Yet Covered</b></td></tr></tbody></table><p>With a well-covered, modest dividend, Apple offers stability and consistency for investors, though not even close to being the primary means of shareholder return compared to the buyback program. <b>Score: 1/1</b></p><p><b>Massive Free Cash Flow Generation and Growth... At A Fair Valuation</b><img src=\"https://static.tigerbbs.com/28bed29cf8f20a9b7c6fbc9bd649bdf8\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Data by YCharts</p><p>From the standpoint of a company&#39;s operational strength and stability, free cash flow represents a very meaningful metric and the primary factor I look towards when creating a valuation metric and measuring long-term stability and growth. Apple again produces characteristically strong outperformance with regards to free cash flow over 5 years - going from $54.53B to $105.8B representing a 14.2% CAGR and a near double during the time period. Where the numbers really become affected greatly though, is on a per share basis thanks to the buybacks - approximately $2.61/share in free cash flow 5 years ago has turned into approximately $6.53/share in free cash flow now - a 2.5x increase representing a staggering 20% CAGR.</p><p>The fact that this is cash flow being measured in the hundreds of billions annually growing at these elevated rates makes the growth even more compelling. Like the other fundamental metrics of the company that we have reviewed, this is a remarkable display of management over-performance. Only Saudi Aramco (Source) is generating stronger cash flows at present ($30 billion per quarter) and that is on the back of an unbelievably hot and cyclical oil market.</p><p>Having this level of free cash flow allows for five primary uses of the capital: 1) share buybacks; 2) dividends; 3) acquisitions; 4) investment in itself; and 5) debt repayment. All of these, with the exception of some acquisitions, grow shareholder value over time when handled properly by management.</p><table><tbody><tr><td><b>Free Cash Flow: $54.53B -&gt; $105.8B in 5 yr (14.2% CAGR increase) or $2.61/sh -&gt; $6.53/sh (20% CAGR)</b></td></tr></tbody></table><p>Free cash growth over the past five years is consistent and compounding at very high rates for an incredible result that directly has benefited shareholders significantly. <b><i>Score: 1/1</i></b></p><p>Now for the component of valuation with regards to Apple: let&#39;s look at two methods: free cash flow, and earnings.</p><p><i>Apple, based on the $2.451 trillion market cap, is selling for 23.16 times free cash flow for the trailing twelve months - representing a 4.32% initial rate of return based on free cash flow with a 14.2% CAGR free cash flow growth over the past 5 years.</i></p><p><i>Apple, based on the $42.26B market cap, is selling for 24.04 times earnings for the trailing twelve months - representing a 4.16% initial rate of return based on earnings with a 17.4% CAGR earnings growth over the past 5 years.</i></p><p>By my standard metrics of looking for growth companies selling for under 20 times free cash flow, the valuation of Apple is stretched from both aspects noted above, though the double-digit growth in particular with earnings does give me pause. This recent pullback in valuation as shown in the chart above does give me confidence, but the chart also shows years very recently where Apple was selling at just 12 times free cash flow. Essentially the positive is: I am buying a compounding company with strong free cash flow growth and an incredible durable competitive advantage. The negative: I am only getting a fair value at present. It&#39;s the classic wonderful business at a fair price.</p><table><tbody><tr><td><b>Valuation: 23.16x FCF; 24x EPS; 4.16-4.32% implied initial return w/14% CAGR FCF &amp; 17% CAGR Earnings</b></td></tr></tbody></table><p>There is so much to like about Apple from a fundamental business standpoint: the dynamic growth, management&#39;s incredible capital allocation strategies, and the shareholder-friendly buyback policy - but the valuation comes at just a fair price. <b><i>Score: 0.5/1</i></b></p><p><b>Overall Apple Recap &amp; Valuation</b></p><p>Looking at all of these metrics and making assumptions based on the future is the key to creating assumptions on future returns and growth. We know that Tim Cook and Apple management are committed to returning incredible amounts of ever-growing capital back to shareholders primary through share buybacks and dividends, all while ensuring the business has everything it needs to grow effectively through research &amp; development, along with accretive acquisitions. Frankly, when management allocates capital at a 50%+ return on invested capital, you can trust the expertise in the marketplace to make and commit to the right decisions with regards to internal investment and compounding.</p><p>As services continue to grow rapidly at high margins, iPad supply chain restraints eventually subside, the Apple Watch grows into a stronger franchise, and iPhone pricing power is further stretched even higher, I believe a runway for Apple exists even without highly innovative products in the future. However, I do believe those &#34;X-Factors&#34; do exist and will continue to push the company forward.</p><p>Let&#39;s take a series of assumptions based on free cash flow over a five-year period:</p><blockquote>- 10% annual compounded free cash flow increases (well below the present 5-year growth of 14.2%)</blockquote><blockquote>- 5% annual share count reduction (exactly at the same pace as the present share count reduction rates over the past 5 years - management has shown this is their primary way of creating value and I don&#39;t see this changing)</blockquote><blockquote>- 20 times free cash flow terminal multiple (Below the 23.16x free cash flow valuation the business has right now)</blockquote><p><i>What does this give investors in terms of returns over the next 5 years?</i> <b><i>Roughly a 12.5% annual return for Apple based on the present share price.</i></b></p><p>How about for earnings?</p><blockquote>- 10% annual compounded earnings increases (well below the present 5-year growth of 17.4%)</blockquote><blockquote>- 5% annual share count reduction (exactly at the same pace as the present share count reduction rates over the past 5 years - management has shown this is their primary way of creating value and I don&#39;t see this changing)</blockquote><blockquote>- 20 times earnings multiple (Below the 24x earnings valuation the business has right now)</blockquote><p><i>What does this give investors in terms of returns over the next 5 years?</i> <b><i>Roughly a 12% annual return for Apple based on the present share price.</i></b></p><p>I strongly believe management will continue growth, continue buying back shares with vigor, and deliver internally compounding results to shareholders generously over the next five years. These numbers may look conservative at a glance - the earnings growth of 10% vs. the present 5-year growth of 17.4% for example - but the law of big numbers will begin to become a drag on performance over time and 10% of $102B is over $10 billion annually in increases every single year for 5 years.</p><p>This is not an easy task, but I do believe management can achieve it. The growth assumptions take into account a margin of safety since they are well below the present growth rates. In five years, Apple should be somewhere around $260 per share with these assumptions. If 12-12.5% annual return seems a fair reward for the risk you are taking on with Apple based on those assumptions, then this is the right timing. If those assumptions seem too bold, then you should wait for either more information in the form of Q3 earnings to be released at the end of July, or for a more attractive entry point.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple: A Wonderful Business At A Fair Price, Assuming Growth Continues</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\">\nApple: A Wonderful Business At A Fair Price, Assuming Growth Continues\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-19 10:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4524057-apple-a-wonderful-business-at-a-fair-price-assuming-growth-continues?source=content_type%3Aall%7Cfirst_level_url%3Aportfolio%7Csection%3Aportfolio_content_unit%7Csection_asset%3Alatest%7Cline%3A6><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryWith an ever-growing services component representing 20% of Apple's revenue at a 72.6% gross margin, growth is coming in at high margin.$86 billion of Apple shares repurchased in the last 12 ...</p>\n\n<a href=\"https://seekingalpha.com/article/4524057-apple-a-wonderful-business-at-a-fair-price-assuming-growth-continues?source=content_type%3Aall%7Cfirst_level_url%3Aportfolio%7Csection%3Aportfolio_content_unit%7Csection_asset%3Alatest%7Cline%3A6\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4524057-apple-a-wonderful-business-at-a-fair-price-assuming-growth-continues?source=content_type%3Aall%7Cfirst_level_url%3Aportfolio%7Csection%3Aportfolio_content_unit%7Csection_asset%3Alatest%7Cline%3A6","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141191666","content_text":"SummaryWith an ever-growing services component representing 20% of Apple's revenue at a 72.6% gross margin, growth is coming in at high margin.$86 billion of Apple shares repurchased in the last 12 months, coupled with a $15 billion dividend, makes up the lion's share of a record $105.8 billion of free cash flow.Valuation is at a fair middle ground of 23.16x free cash flow - a fair price for a wonderful business securing good, not great returns over 5 years.Fundamental 10-Step Analysis Of Apple Health & ValuationIt's been a wild ride of a year for Apple Inc. (NASDAQ:AAPL) - just twelve months ago the company was generating $90B in free cash flow & $76B in earnings, then fluctuated between $130 and $180 per share from the exuberance of the market to the decline of all things tech, and now has settled at...almost precisely where it was on a share price basis one year ago.But wait...with a nearly 5% decline in shares outstanding the market cap actually sits slightly lower now than one year ago. And now Apple is generating nearly $106B in free cash flow and almost $102B in earnings. Clearly, the valuation has dropped while the fundamental performance has continued progressing forward at rates almost unheard of for a $2.45T (with a T) market cap company. As you will see based on the fundamentals, this is clearly a wonderful business that has continued to outperform its competitors and almost every other business with its reach, moat, and financial performance. The analysis shows this with ease, but with each step, we must ask and assess - can this continue?Let's take a look at the current share price's justification by valuation metrics and the fundamentals over the past 5 years.Data by YChartsUsing the $2.451T market cap as of July 18, 2022, Apple is the world's most valuable company and has grown over 5 years at compounded annual growth rates that astound: 12% revenue CAGR, 17.5% earnings CAGR, and over 14% free cash flow CAGR - all while decreasing share count at 5% compounded annually. The margins continue expanding as the services component of the business continues growing, now making up 20% of total revenue at 72.6% gross margin - the second largest category of revenue Apple breaks out.Data by YChartsJust look at this return from 10 years showing the price growth of $10,000. Apple, through high return on invested capital, earnings growth, and recent share buybacks, was able to more than double the S&P 500 return. But it wasn't always the case - the outperformance has occurred almost exclusively since the end of 2019 as the valuation metric went from 10-12x earnings to nearly 30 in the most exuberant parts of late 2021. All of this sets the stage for some introspection from an investor's standpoint: clearly, the company operated in the doldrums compared to the S&P 500 return for many years, can this pattern return? Or should investors take solace in what has been a steady improvement in the business fundamentals and management's experience in continuing this growth?Using a 10-Step Fundamental Analysis detailed further here, I will examine 10 important components of Apple and how the company measures up on each metric, either assigning a 1/1, 0.5/1, or a 0/1 for each of the 10 components.Incredible Revenue & Income Growth Almost Defies the \"Law of Large Numbers\"Data by YChartsLooking at trailing 12-month numbers as of March 31, 2022 for operating revenue over the past 5 years, Apple has increased revenue from $220.46B in 2017 to $386.02B in 2022. Revenue increase has come from a combination of extreme digital services growth, Mac outperformance in the market, the emergence of a \"wearables\" market with Apple Watch, and of course, iPhone strength and pricing power during the 5-year period. With consumers comfortable paying well over $1,000 for iPhone in 2022 as the center of their digital lifestyle, revenue has increased significantly as compared to the $699 starting price for an iPhone 8 in 2017. (Source)This is an example of what Warren Buffett refers to as a \"moat\" or durable competitive advantage. As services grow and the ecosystem continues expanding and becoming more indispensable to the consumer, the \"stickiness\" factor of the iPhone means pricing power can continue to rise. Where upgrades every two years used to be entirely or partially subsidized by the wireless carriers just 5 years ago, now it is completely common practice to have monthly payments for the iPhone on your wireless bill monthly, as high as $50 per month!Not only that, but here is the brilliance of this model - the carrier pays Apple and you pay the carrier so the cost on a monthly basis feels minimal - every $100 in pricing power the iPhone achieves is barely over $4 per month over 24 months for the consumer - and the consumer isn't even paying Apple directly most of the time. All of this along with the services ecosystem is a tremendous tailwind for the company. This revenue growth has grown at an 11.9% CAGR over the past 5 years, but taking into account the share buybacks creates an even more enhanced piece of data: per share revenue - which grew from $10.57/share in 2017 to $23.85/share in 2022 or a 17.7% CAGR.This is the effect of share buybacks and how they can even further enhance growth for the investor. The compounding machine continues forward at rates that are incredible for a company generating well over a third of a trillion dollars in annual revenue.Revenue Growth: $220.46B -> $386.02B over 5 years, 11.9% CAGR // 17.7% per share CAGR with buybacksIncredible revenue growth at this large of a scale over 5 years enhanced by share buybacks, and continuing to grow at over a 9% rate quarter over quarter even with a strong dollar.Score: 1/1Data by YChartsAlthough net income is not quite as insightful of a valuation metric compared to free cash flow, Apple's sensible and consistent investments, coupled with heavy research and development (versus property plant & equipment) leads to a very similar net income or earnings figure to free cash flow - one that is growing at a rapid rate. Using trailing twelve-month figures as of March 31, 2022 - Apple's net income has more than doubled over the past 5 years from $45.73B to $101.94B representing a massive 17.4% CAGR. These figures are further enhanced as shown in the chart when seen through a per share basis to account for the buybacks: $2.19/share in earnings in 2017 growing to $6.30/share in earnings over 5 years or a 23.5% CAGR. (Note the chart doesn't accurately show the most up-to-date and ever decreasing share count).These types of growth rates in a mature business are incredible and highlight the power of the internal compound with minimal capital expenditures required compared to operational free cash flow (but a high rate of return achieved on those expenditures to enhance the compounding). These rates of earnings compounded growth and per share growth even outpace those of AutoZone (AZO), which has experienced enormous industry tailwinds, minimal capital expenditures, and transformational share buybacks -- and all at about 50 times the scale! (Source) But...now is a good time for an investor to ask the obvious...can this continue or has this simply just been a very good run?Looking to the future, there are two major questions regarding headwinds that Apple will face in terms of their financial performance: 1) Will the law of big numbers eventually catch up to Apple?; and 2) Just how much more innovation is left and how long can the brand stay dominant in an industry notorious for systemic shifts? There are obviously no easy or resolute answers to be had to either question, but what we do know at present should alleviate major concerns, though leave smaller ones behind of course.First, there is no doubt that the law of big numbers has and will continue in larger scale to drag performance. 10% growth on $38B in revenue is $3.8B or roughly 4-6 weeks of iPad sales - but 10% growth on $386.02B is $38.6B or roughly the entire Mac market for an entire year. This requires continual disrupting, innovating, market share growth, and pricing power. Luckily, I see all of these things continuing to happen with Apple: one example is the Watch is becoming a health device with so many paths forward towards not only usability but also revenue growth through services.Then there's the Arcade, the Apple TV service, the Fitness service, the iCloud storage service, and so much more. What was once a one-time buy now is a very strong and sticky ecosystem with continual opportunities for revenue as highlighted by the 20% revenue that is services at an incredible 72.6% gross margin.Will Apple stay dominant? All signs point to yes. The iPhone at the center of the digital world of so many consumers, especially young consumers, means they have and will continue building the Apple ecosystem around them in growing numbers.Income Growth: $45.73B -> $101.94B over 5 years, 17.4% CAGR // 23.5% per share CAGR - Incredible!Very consistent & robust income growth over 5 years significantly enhanced on a per share basis by share buybacks and a growing emphasis on very high margin services like subscriptions, storage, content, and the toll booth that is the App Store. Score: 1/1Strong Balance Sheet And Debt Ratios Do Not Detract From The StabilityData by YChartsDue to the liquidity of current retail assets being sold and the amount of inventory required, retailers and grocers traditionally do not hold current assets greater than current liabilities. This is magnified by such a large and growing mix of products, including the transition to Apple silicon from Intel, amongst other changes. It is also rumored to be an especially full and busy season for introducing new products, meaning that current liabilities at present could be higher than assets due to the supply chain timing.Based on this and the established industry norms, while liquidity in terms of the company's ability to pay off all current liabilities with current assets is definitely ideal, it is rarely expected in a retail setting such as this due to sell-through rates. I will note, however, that this is the first time in the 5-year chart that this situation has occurred, which does give me pause and concern should it become a long-term trend as this would represent a reversion from historical norms for Apple.Assets vs. Liabilities: $118.18B current assets vs.$127.51B current liabilities / negative, but retailWhile common for retailers, current assets do fall short of current liabilities, representing less than ideal liquidity. Due to the norms of the industry practice, this being the first time it has happened in over 5 years, and the likelihood of correction in the future, we will deduct half a point instead of a full point. Score: 0.5/1Data by YChartsApple management has kept long-term debt of just over 1x annual free cash flow, which represents an extremely conservative and reasonable figure for management to keep within. The debt expansion did concern me at first glance, just looking at the chart above, but management noted in the Q2-2022 conference call:Let me now turn to our cash position. As we continue to generate very strong cash flow, we ended the quarter with $193 billion in cash and marketable securities. We repaid $3.8 billion in maturing debt while increasing commercial paper by $2 billion, leaving us with total debt of $120 billion. As a result, net cash was $73 billion at the end of the quarter. (Source)While $120 billion of total debt seems startlingly high, it could all be paid off immediately with the cash and marketable securities and still have $73 billion left over, not even mentioning the roughly $28 billion in free cash flow quarterly! Simply put, debt is so reasonably constrained at Apple that it represents a non-issue.Long Term Debt: Slight Growth, But At Just Over 1x Annual Free Cash Flow, It is a Non-IssueManagement is prudently using debt, interest is a small portion of cash flow, and overall is just over 1x Free Cash Flow. Score: 1/1The Compounding Secret: Incredible Return on Invested Capital & Vigorous Share BuybacksData by YChartsAfter examining the long-term debt situation on the balance sheet, it appears an ideal time to examine management's returns from the capital invested back into the business. Return on invested capital is perhaps one of the most apparent indicators of a competent and innovative management team focused on shareholder return - how capital is invested and allocated back into the business. The average of S&P 500 companies is approximately 7%. Looking at improving upon than average and towards companies deploying their money in a high quality manner, I look for businesses earning more than 10% return on invested capital.Return on invested capital is a financial metric favored by Charlie Munger, stating“It’s obvious that if a company generates high returns on capital and reinvests at high returns, it will do well.\" (Source)With an average ROIC of 32% over the past 5 years, Apple management is doing a first-class job of using shareholder money in the most efficient and productive manner possible. Investors can feel confident whatever free cash flow is not being returned to shareholders in the form of buybacks and dividends is being very wisely used to internally compound growth within the company. In fact, current ROIC shows returns at 53.8% which is a massive surprise considering the capital being deployed by Apple, and the 10-year chart above represents just how consistently Apple has produced outsized returns.To outpace the average S&P in this regard by 4.5 times over 5 years and 7.5 times at present truly shows the magnitude by which Apple makes incredible investments within their company, generating substantial returns for shareholders. I consider this a major sign that services, with their high margins, are playing an outsized role in Apple's future growth as a business.Invested Capital & Equity Returns: 32% ROIC avg 5 years & currently 53.8% - Incredible NumbersROIC is well above 10% at 32% average and 53.8% at present and continuing to grow quarter over quarter. Since shareholder equity is so strongly affected by aggressive buybacks, the return on equity percentage tops 150% at present. Score: 1/1Data by YChartsApple has a share buyback program that is unrivaled in terms of sheer scale: in the last 12 months, nearly $86 billion of shares have been repurchased alone. Let's look at the chart above for a simple example: as shares (orange line) go down by 22.4% during 5 years, earnings per share (light blue line) go up by over 187% during the 5 years - so it is no surprise that the share price (purple line) also goes up, in this case, by some 275%.The number of shares of the company and the way management either enhances shareholder value or dilutes it through buybacks or share issuances is a very meaningful metric for overall investor return. While some companies will buy back 1% of shares annually and have a very good buyback program at that, others will dilute and raise capital through issuing new shares.With Apple, the magnitude of the buyback is truly impressive. In 5 years, the shares outstanding have decreased (taking into account the stock split) from 20,855,360,000 shares to 16,185,181,000 shares, representing a 22.4% decrease in shares and investors having a 5.23% CAGR just from buybacks alone! As demonstrated by Berkshire Hathaway's (BRK.A) (BRK.B) long-term buying back of shares, Apple management is showing that buybacks are one of the best ways to enhance shareholder return in a tax-efficient manner in the long term. The growth of the earnings power is magnified by the decrease in the share count, creating a compounding machine.Data by YChartsTake a look at one more chart just to really enhance the magnitude of this: from July 2012 to now, Apple decreased their share count by 38.5% - representing investors increasing their ownership stake in the company by 62%. It's good to be patient and let compounding do its job!Buybacks: 20.855B -> 16.185B shares over 5 years, 22.4% decrease in shares - A+ andAt Huge Scale!Share count has decreased over past 5 years & that is the gold standard. Score: 1/1Modestly Growing, Well-Covered Dividend Offers Little To Excite InvestorsData by YChartsHaving increased the dividend at an 8% CAGR during the past 5 years from a split-adjusted $0.1575/share to the present $0.23/share annually, Apple represents just a 0.6% yield at the current valuation. However, because of the size of the business, this modest yield represents a total payout of $14.89B annually or 14% payout on total annual free cash flow. The growth has been modest when viewed against the power and size of the share buyback program, which is clearly Apple's preferred mechanism of shareholder return for the past 10 years.Overall, this is a very minor footnote to the overall Apple investor story, albeit one that takes up nearly $15 billion in free cash flow resources annually. Based on present valuations as compared to past valuations, I would rather see even further enhanced share buybacks taking place - although having a dividend does create some semblance of cash flow for passive investors. At 911 million shares, Berkshire Hathaway's stake in Apple alone represents over $838 million annually in dividend payments.Dividend: $14.89B dividend annual, 0.60% yield / 14% payout of free cash flow / Modest Yet CoveredWith a well-covered, modest dividend, Apple offers stability and consistency for investors, though not even close to being the primary means of shareholder return compared to the buyback program. Score: 1/1Massive Free Cash Flow Generation and Growth... At A Fair ValuationData by YChartsFrom the standpoint of a company's operational strength and stability, free cash flow represents a very meaningful metric and the primary factor I look towards when creating a valuation metric and measuring long-term stability and growth. Apple again produces characteristically strong outperformance with regards to free cash flow over 5 years - going from $54.53B to $105.8B representing a 14.2% CAGR and a near double during the time period. Where the numbers really become affected greatly though, is on a per share basis thanks to the buybacks - approximately $2.61/share in free cash flow 5 years ago has turned into approximately $6.53/share in free cash flow now - a 2.5x increase representing a staggering 20% CAGR.The fact that this is cash flow being measured in the hundreds of billions annually growing at these elevated rates makes the growth even more compelling. Like the other fundamental metrics of the company that we have reviewed, this is a remarkable display of management over-performance. Only Saudi Aramco (Source) is generating stronger cash flows at present ($30 billion per quarter) and that is on the back of an unbelievably hot and cyclical oil market.Having this level of free cash flow allows for five primary uses of the capital: 1) share buybacks; 2) dividends; 3) acquisitions; 4) investment in itself; and 5) debt repayment. All of these, with the exception of some acquisitions, grow shareholder value over time when handled properly by management.Free Cash Flow: $54.53B -> $105.8B in 5 yr (14.2% CAGR increase) or $2.61/sh -> $6.53/sh (20% CAGR)Free cash growth over the past five years is consistent and compounding at very high rates for an incredible result that directly has benefited shareholders significantly. Score: 1/1Now for the component of valuation with regards to Apple: let's look at two methods: free cash flow, and earnings.Apple, based on the $2.451 trillion market cap, is selling for 23.16 times free cash flow for the trailing twelve months - representing a 4.32% initial rate of return based on free cash flow with a 14.2% CAGR free cash flow growth over the past 5 years.Apple, based on the $42.26B market cap, is selling for 24.04 times earnings for the trailing twelve months - representing a 4.16% initial rate of return based on earnings with a 17.4% CAGR earnings growth over the past 5 years.By my standard metrics of looking for growth companies selling for under 20 times free cash flow, the valuation of Apple is stretched from both aspects noted above, though the double-digit growth in particular with earnings does give me pause. This recent pullback in valuation as shown in the chart above does give me confidence, but the chart also shows years very recently where Apple was selling at just 12 times free cash flow. Essentially the positive is: I am buying a compounding company with strong free cash flow growth and an incredible durable competitive advantage. The negative: I am only getting a fair value at present. It's the classic wonderful business at a fair price.Valuation: 23.16x FCF; 24x EPS; 4.16-4.32% implied initial return w/14% CAGR FCF & 17% CAGR EarningsThere is so much to like about Apple from a fundamental business standpoint: the dynamic growth, management's incredible capital allocation strategies, and the shareholder-friendly buyback policy - but the valuation comes at just a fair price. Score: 0.5/1Overall Apple Recap & ValuationLooking at all of these metrics and making assumptions based on the future is the key to creating assumptions on future returns and growth. We know that Tim Cook and Apple management are committed to returning incredible amounts of ever-growing capital back to shareholders primary through share buybacks and dividends, all while ensuring the business has everything it needs to grow effectively through research & development, along with accretive acquisitions. Frankly, when management allocates capital at a 50%+ return on invested capital, you can trust the expertise in the marketplace to make and commit to the right decisions with regards to internal investment and compounding.As services continue to grow rapidly at high margins, iPad supply chain restraints eventually subside, the Apple Watch grows into a stronger franchise, and iPhone pricing power is further stretched even higher, I believe a runway for Apple exists even without highly innovative products in the future. However, I do believe those \"X-Factors\" do exist and will continue to push the company forward.Let's take a series of assumptions based on free cash flow over a five-year period:- 10% annual compounded free cash flow increases (well below the present 5-year growth of 14.2%)- 5% annual share count reduction (exactly at the same pace as the present share count reduction rates over the past 5 years - management has shown this is their primary way of creating value and I don't see this changing)- 20 times free cash flow terminal multiple (Below the 23.16x free cash flow valuation the business has right now)What does this give investors in terms of returns over the next 5 years? Roughly a 12.5% annual return for Apple based on the present share price.How about for earnings?- 10% annual compounded earnings increases (well below the present 5-year growth of 17.4%)- 5% annual share count reduction (exactly at the same pace as the present share count reduction rates over the past 5 years - management has shown this is their primary way of creating value and I don't see this changing)- 20 times earnings multiple (Below the 24x earnings valuation the business has right now)What does this give investors in terms of returns over the next 5 years? Roughly a 12% annual return for Apple based on the present share price.I strongly believe management will continue growth, continue buying back shares with vigor, and deliver internally compounding results to shareholders generously over the next five years. These numbers may look conservative at a glance - the earnings growth of 10% vs. the present 5-year growth of 17.4% for example - but the law of big numbers will begin to become a drag on performance over time and 10% of $102B is over $10 billion annually in increases every single year for 5 years.This is not an easy task, but I do believe management can achieve it. The growth assumptions take into account a margin of safety since they are well below the present growth rates. In five years, Apple should be somewhere around $260 per share with these assumptions. If 12-12.5% annual return seems a fair reward for the risk you are taking on with Apple based on those assumptions, then this is the right timing. If those assumptions seem too bold, then you should wait for either more information in the form of Q3 earnings to be released at the end of July, or for a more attractive entry point.","news_type":1},"isVote":1,"tweetType":1,"viewCount":199,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9076380005,"gmtCreate":1657792337207,"gmtModify":1676536062570,"author":{"id":"4108549010162030","authorId":"4108549010162030","name":"志冲斗牛","avatar":"https://static.itradeup.com/news/4443a3100c1d462665e8b22914e01407","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Interesting","listText":"Interesting","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9076380005","repostId":"1174191896","repostType":2,"repost":{"id":"1174191896","pubTimestamp":1657776259,"share":"https://www.laohu8.com/m/news/1174191896?lang=&edition=full","pubTime":"2022-07-14 13:24","market":"us","language":"en","title":"Apple Vs. Google: There's A Clear Winner","url":"https://stock-news.laohu8.com/highlight/detail?id=1174191896","media":"Seeking Alpha","summary":"SummaryApple and Google are both wide moat stocks with high margins and strong growth.They are simil","content":"<html><head></head><body><p>Summary</p><ul><li>Apple and Google are both wide moat stocks with high margins and strong growth.</li><li>They are similar in many ways, but Google is currently cheaper.</li><li>On the other hand, Apple has higher brand loyalty.</li><li>In this article, I analyze Apple and Google side by side to see which is better.</li></ul><p><a href=\"https://laohu8.com/S/AAPL\">Apple</a> and <a href=\"https://laohu8.com/S/GOOG\">Alphabet</a> are two of America’s biggest tech giants. One has a fanatical fan base andextreme brand loyalty, the other is themostubiquitous companyin the world. There’s a strong case to be made for owning both of them, and this author, at least, does.</p><p>However, it is worth exploring which of these two stocks is the better buy. First, it’s valuable as an intellectual exercise. Second, it can help you with position sizing. It’s easy enough to say “Apple and Google are both great companies,” it’s a different matter entirely to say how they should be weighted in your portfolio.</p><p>You can always just buy AAPL and GOOG via the <a href=\"https://laohu8.com/S/QQQ\">Invesco QQQ Trust</a>, and enjoy both stocks at their market cap weightings. However, Google has historicallyhad stronger growththanApple, and if that continues, then those who overweight GOOG today will be rewarded.</p><p>So, between Apple and Google, which is the better buy?</p><p>There are many different opinions on this. Warren Buffett owns Apple but not Google, which implies he likes the former better. However, Buffett’s partner Charlie Munger recently commented that GOOG was a great stock that he and Buffett had “missed.” Li Lu, another top value investor, holds Google in addition to Apple.</p><p>As for me personally, I have Google at a higher portfolio weighting than Apple. I think they’re both great companies, but Google was much cheaper than Apple when I started buying the two stocks, despite having better growth. Google’s earnings growth is technically negative due to it owning a stock portfolio during a bear market, but its free cash flow growth is better than Apple’s. I think that Google will outgrow Apple for the foreseeable future, so I see its stock as a somewhat better buy.</p><h3>Competitive Landscape</h3><p>When comparing Apple and Google, we need to look at the competitive landscape they operate in. Both companies are giants in the tech sector, and they offer similar products, including:</p><ul><ul><li></li><li>Smartphone operating systems.</li><li></li><li>App stores.</li><li></li><li>Hardware.</li></ul></ul><p>Generally speaking, Apple is ahead of Google on hardware, but Google is ahead of Apple on software. In 2021, Apple sold240 million iPhones, Google’s Pixel 6 reportedly didn’t sell wellthat year. However, Google’s software has acombined 4.3 billion users, while Apple has1.65 billiontotal users. So, Google software has more reach than Apple’s combined hardware/software ecosystem does. Additionally, Android has about 75% of the smartphone market worldwide, while IOS has 25%.</p><p>The matter is more complicated when we look at revenue. Apple and Google both take revenue cuts from developers on their app stores, and the Apple app store generates way more sales than the Google Play store. In the first quarter, the app store did $21.8 billion in sales, while the play store did $10.7 billion. Android has more installs than IOS, but IOS users, who trend wealthier than average, are more willing to spend money on apps compared to Android users.</p><p>A few other items of note about the competition between Apple and Google:</p><ul><ul><li></li><li>Apple has an ecosystem of apps and hardware which integrate with each other, helping the company collect more revenue per customer.</li><li></li><li>Google also has apps that can work across different devices to create an ecosystem, but because Google software runs mostly on third party hardware, Google doesn’t achieve the full sweep of sales that Apple does (hardware + app downloads + services).</li><li></li><li>Apple and Google also compete in smart watches, a market where Apple has the greatest share out of all manufacturers.</li></ul></ul><p>In addition to the competition between Apple and Google, there are also areas where the two are aligned. Chiefly, in advertising. Google pays Apple$15 billion a yearto be the default IOS search engine. So, both Apple and Google make money off of the success of Google’s advertising platforms. This gives the two companies an edge compared to <a href=\"https://laohu8.com/S/META\">Meta Platforms</a>, which is currently losing$10 billion a yearin revenue to Apple’srecent privacy changes.</p><h3>Comparative Valuation</h3><p>When we look at Apple and Google side by side, we can see clearly that they are both incredibly well positioned in the tech industry. It’s very difficult to say which of the two is better positioned. They both control mobile platforms, which make them less vulnerable to competitors than Meta, <b>Snap</b>(SNAP) and others. As for the comparison between Apple and Google: that’s less clear, because their structural advantages are very similar.</p><p>In order to break the tie between Apple and Google, then, we’ll have to do a comparative valuation. Assuming both companies are equally entrenched in the market, then the one that’s cheaper relative to intrinsic value is the better buy.</p><p>First though, we need to look at both companies’ trailing 12-month (“TTM”) financials side by side.</p><h3>Financials</h3><p>In the table below, I have presented some TTM financials for Apple and Google, courtesy of Seeking Alpha Quant:</p><p><img src=\"https://static.tigerbbs.com/df6ddfcce9f1672db46d9aecca3ff169\" tg-width=\"848\" tg-height=\"566\" width=\"100%\" height=\"auto\"/>Using the table above, some key ratios for the two companies can be calculated as follows:</p><p><img src=\"https://static.tigerbbs.com/7d405e8d59435b7e246742a416c516de\" tg-width=\"823\" tg-height=\"338\" width=\"100%\" height=\"auto\"/>As you can see, Apple takes the cake on 2 out of 3 profitability ratios, but Google has better debt to equity and current ratios. These data seem to suggest that Apple is more profitable, while Google has the better balance sheet. We can confirm my profitability analysis by looking at Seeking Alpha Quant&#39;s ratios:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/46f7e66ffa0a24e70076b788d7c34db9\" tg-width=\"640\" tg-height=\"914\" width=\"100%\" height=\"auto\"/><span>AAPL profitability (Seeking Alpha Quant)</span></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5ded8e928d6a71cc356992117037ba88\" tg-width=\"640\" tg-height=\"947\" width=\"100%\" height=\"auto\"/><span>GOOG profitability (Seeking Alpha Quant)</span></p><p>The numbers from Seeking Alpha Quant differ from mine slightly, but basically agree that Apple and Google have similar profitability ratios. Apple has a vastly superior return on equity, though--near&#39;s five times Google&#39;s. Given the closeness of all the metrics apart from ROE and ROA, those can serve as tie breakers, giving Apple the win on profitability.</p><p>The balance sheet comparison isn&#39;t close. Apple&#39;s debt to equity ratio is 30 times higher than Google&#39;s, while its current ratio is only a third of Google&#39;s. These data suggest that Google is more liquid, and more solvent, than Apple. Below I&#39;ve compiled some third-party ratios by MacroTrends, which agree with my analysis that Google has fewer liabilities relative to assets, both long term and current, compared to Apple.</p><p><img src=\"https://static.tigerbbs.com/0a908a9a1fd9294691b9169408a1b189\" tg-width=\"640\" tg-height=\"83\" width=\"100%\" height=\"auto\"/>The tables above clearly show that Google&#39;s liquidity ratios are higher than Apple&#39;s, and its debt ratios lower--this suggests higher liquidity and solvency.</p><h3>Valuation</h3><p>Armed with Apple and Google&#39;s financials, we can now move on to valuation. So far, our comparison basically favors Google: it has a much better balance sheet than Apple does. But which stock is a better value?</p><p>According to Seeking Alpha Quant, some key valuation metrics for Apple and Google include:</p><p>For a more forward-looking valuation, we can do a DCF model. Assuming an 8% discount rate, a 0% perpetual growth rate, and using 5-year historical FCF growth rates for both stocks, my DCF model yielded these fair values:</p><ul><li>Google: $2,702.</li><li>Apple: $171.</li></ul><p>Both get valuations above their current prices, but Google&#39;s upside (20%) is higher than Apple&#39;s (17.9%).</p><p>When we factor in both multiples and discounted cash flows, there’s no question:</p><p><i>Google wins on valuation.</i></p><p>All of the multiples are much lower for Google than for Apple, and Google&#39;s fair value is higher. Additionally, Google has much higher historical revenue growth than Apple does. In the last 12 months, Googlegrew revenue at 37%, Apple atonly 18.6%. In the most recent quarter, Google reported an earnings decline, whereas Apple’s earnings grew. However, Google’s earnings decline was mainly due to having stocks on its balance sheet. GAAP accounting rules require companies to count stock price fluctuations as part of earnings, which results in losses when stocks go down. It does not, however, reflect operating performance: Google’soperating cash flowgrew 9% in Q1.</p><p>Conclusion: Google is the Better Long-Term Value</p><p>Having considered competitive, financial and valuation factors, I conclude that Google is a better value than Apple at today’s prices. To recap the results of each section of my analysis:</p><ul><li><p>Competitive position: tie.</p></li><li><p>Profitability: slight win by Apple.</p></li><li><p>Balance sheet: huge win by Google.</p></li><li><p>Valuation: huge win by Google.</p></li><li><p>Growth: small win by Google.</p></li></ul><p>Out of the five factors I’ve looked at, Google wins on three, Apple wins on one, and one is a tie. The former stock has more things going for it than the latter does. For this reason, I have Google overweighted in my portfolio relative to Apple.</p><h3>Risks and Challenges</h3><p>While my analysis shows that Google has more advantages over Apple than vice versa, I am heavily relying on quantifiable factors here. There’s a plausible case to be made that Apple beats Google on “soft” factors, such as marketing and branding. Everybody knows AAPL has a great brand - how much is it worth exactly? It’s hard to say. Brand recognition gives companies pricing power, and Apple has a lot more of that than Google does. It is possible that, over time, Apple’s brand power will prevail over Google’s ubiquity. There is no way to fit that possibility into a quantitative model, but it exists.</p><p>There’s also the possibility of short-term volatility in Google after this month’s earnings release. Both Apple and Google are releasing earnings in a few weeks, and Google is vulnerable due to its equity investments. When equities decline in price, their “losses” take a bite out of earnings for companies that hold them. This factor will work against Google in the upcoming release, as itholds positionsin struggling stocks like <b>UiPath</b>(PATH).</p><p>There are also risks to investors choosing to go long both of these stocks. The Federal Reserve israising interest ratesthis year, and rate hikes aren’t usually good for tech stocks. The higher the risk-free rate, the less valuable future growth is. High interest rates generally make value stocks more appealing than growth stocks, and neither Google nor Apple is really in ‘value’ territory just yet.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple Vs. Google: There's A Clear Winner</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple Vs. Google: There's A Clear Winner\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-14 13:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4523185-apple-vs-google-stock-clear-winner><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryApple and Google are both wide moat stocks with high margins and strong growth.They are similar in many ways, but Google is currently cheaper.On the other hand, Apple has higher brand loyalty....</p>\n\n<a href=\"https://seekingalpha.com/article/4523185-apple-vs-google-stock-clear-winner\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOGL":"谷歌A","GOOG":"谷歌","AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4523185-apple-vs-google-stock-clear-winner","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174191896","content_text":"SummaryApple and Google are both wide moat stocks with high margins and strong growth.They are similar in many ways, but Google is currently cheaper.On the other hand, Apple has higher brand loyalty.In this article, I analyze Apple and Google side by side to see which is better.Apple and Alphabet are two of America’s biggest tech giants. One has a fanatical fan base andextreme brand loyalty, the other is themostubiquitous companyin the world. There’s a strong case to be made for owning both of them, and this author, at least, does.However, it is worth exploring which of these two stocks is the better buy. First, it’s valuable as an intellectual exercise. Second, it can help you with position sizing. It’s easy enough to say “Apple and Google are both great companies,” it’s a different matter entirely to say how they should be weighted in your portfolio.You can always just buy AAPL and GOOG via the Invesco QQQ Trust, and enjoy both stocks at their market cap weightings. However, Google has historicallyhad stronger growththanApple, and if that continues, then those who overweight GOOG today will be rewarded.So, between Apple and Google, which is the better buy?There are many different opinions on this. Warren Buffett owns Apple but not Google, which implies he likes the former better. However, Buffett’s partner Charlie Munger recently commented that GOOG was a great stock that he and Buffett had “missed.” Li Lu, another top value investor, holds Google in addition to Apple.As for me personally, I have Google at a higher portfolio weighting than Apple. I think they’re both great companies, but Google was much cheaper than Apple when I started buying the two stocks, despite having better growth. Google’s earnings growth is technically negative due to it owning a stock portfolio during a bear market, but its free cash flow growth is better than Apple’s. I think that Google will outgrow Apple for the foreseeable future, so I see its stock as a somewhat better buy.Competitive LandscapeWhen comparing Apple and Google, we need to look at the competitive landscape they operate in. Both companies are giants in the tech sector, and they offer similar products, including:Smartphone operating systems.App stores.Hardware.Generally speaking, Apple is ahead of Google on hardware, but Google is ahead of Apple on software. In 2021, Apple sold240 million iPhones, Google’s Pixel 6 reportedly didn’t sell wellthat year. However, Google’s software has acombined 4.3 billion users, while Apple has1.65 billiontotal users. So, Google software has more reach than Apple’s combined hardware/software ecosystem does. Additionally, Android has about 75% of the smartphone market worldwide, while IOS has 25%.The matter is more complicated when we look at revenue. Apple and Google both take revenue cuts from developers on their app stores, and the Apple app store generates way more sales than the Google Play store. In the first quarter, the app store did $21.8 billion in sales, while the play store did $10.7 billion. Android has more installs than IOS, but IOS users, who trend wealthier than average, are more willing to spend money on apps compared to Android users.A few other items of note about the competition between Apple and Google:Apple has an ecosystem of apps and hardware which integrate with each other, helping the company collect more revenue per customer.Google also has apps that can work across different devices to create an ecosystem, but because Google software runs mostly on third party hardware, Google doesn’t achieve the full sweep of sales that Apple does (hardware + app downloads + services).Apple and Google also compete in smart watches, a market where Apple has the greatest share out of all manufacturers.In addition to the competition between Apple and Google, there are also areas where the two are aligned. Chiefly, in advertising. Google pays Apple$15 billion a yearto be the default IOS search engine. So, both Apple and Google make money off of the success of Google’s advertising platforms. This gives the two companies an edge compared to Meta Platforms, which is currently losing$10 billion a yearin revenue to Apple’srecent privacy changes.Comparative ValuationWhen we look at Apple and Google side by side, we can see clearly that they are both incredibly well positioned in the tech industry. It’s very difficult to say which of the two is better positioned. They both control mobile platforms, which make them less vulnerable to competitors than Meta, Snap(SNAP) and others. As for the comparison between Apple and Google: that’s less clear, because their structural advantages are very similar.In order to break the tie between Apple and Google, then, we’ll have to do a comparative valuation. Assuming both companies are equally entrenched in the market, then the one that’s cheaper relative to intrinsic value is the better buy.First though, we need to look at both companies’ trailing 12-month (“TTM”) financials side by side.FinancialsIn the table below, I have presented some TTM financials for Apple and Google, courtesy of Seeking Alpha Quant:Using the table above, some key ratios for the two companies can be calculated as follows:As you can see, Apple takes the cake on 2 out of 3 profitability ratios, but Google has better debt to equity and current ratios. These data seem to suggest that Apple is more profitable, while Google has the better balance sheet. We can confirm my profitability analysis by looking at Seeking Alpha Quant's ratios:AAPL profitability (Seeking Alpha Quant)GOOG profitability (Seeking Alpha Quant)The numbers from Seeking Alpha Quant differ from mine slightly, but basically agree that Apple and Google have similar profitability ratios. Apple has a vastly superior return on equity, though--near's five times Google's. Given the closeness of all the metrics apart from ROE and ROA, those can serve as tie breakers, giving Apple the win on profitability.The balance sheet comparison isn't close. Apple's debt to equity ratio is 30 times higher than Google's, while its current ratio is only a third of Google's. These data suggest that Google is more liquid, and more solvent, than Apple. Below I've compiled some third-party ratios by MacroTrends, which agree with my analysis that Google has fewer liabilities relative to assets, both long term and current, compared to Apple.The tables above clearly show that Google's liquidity ratios are higher than Apple's, and its debt ratios lower--this suggests higher liquidity and solvency.ValuationArmed with Apple and Google's financials, we can now move on to valuation. So far, our comparison basically favors Google: it has a much better balance sheet than Apple does. But which stock is a better value?According to Seeking Alpha Quant, some key valuation metrics for Apple and Google include:For a more forward-looking valuation, we can do a DCF model. Assuming an 8% discount rate, a 0% perpetual growth rate, and using 5-year historical FCF growth rates for both stocks, my DCF model yielded these fair values:Google: $2,702.Apple: $171.Both get valuations above their current prices, but Google's upside (20%) is higher than Apple's (17.9%).When we factor in both multiples and discounted cash flows, there’s no question:Google wins on valuation.All of the multiples are much lower for Google than for Apple, and Google's fair value is higher. Additionally, Google has much higher historical revenue growth than Apple does. In the last 12 months, Googlegrew revenue at 37%, Apple atonly 18.6%. In the most recent quarter, Google reported an earnings decline, whereas Apple’s earnings grew. However, Google’s earnings decline was mainly due to having stocks on its balance sheet. GAAP accounting rules require companies to count stock price fluctuations as part of earnings, which results in losses when stocks go down. It does not, however, reflect operating performance: Google’soperating cash flowgrew 9% in Q1.Conclusion: Google is the Better Long-Term ValueHaving considered competitive, financial and valuation factors, I conclude that Google is a better value than Apple at today’s prices. To recap the results of each section of my analysis:Competitive position: tie.Profitability: slight win by Apple.Balance sheet: huge win by Google.Valuation: huge win by Google.Growth: small win by Google.Out of the five factors I’ve looked at, Google wins on three, Apple wins on one, and one is a tie. The former stock has more things going for it than the latter does. For this reason, I have Google overweighted in my portfolio relative to Apple.Risks and ChallengesWhile my analysis shows that Google has more advantages over Apple than vice versa, I am heavily relying on quantifiable factors here. There’s a plausible case to be made that Apple beats Google on “soft” factors, such as marketing and branding. Everybody knows AAPL has a great brand - how much is it worth exactly? It’s hard to say. Brand recognition gives companies pricing power, and Apple has a lot more of that than Google does. It is possible that, over time, Apple’s brand power will prevail over Google’s ubiquity. There is no way to fit that possibility into a quantitative model, but it exists.There’s also the possibility of short-term volatility in Google after this month’s earnings release. Both Apple and Google are releasing earnings in a few weeks, and Google is vulnerable due to its equity investments. When equities decline in price, their “losses” take a bite out of earnings for companies that hold them. This factor will work against Google in the upcoming release, as itholds positionsin struggling stocks like UiPath(PATH).There are also risks to investors choosing to go long both of these stocks. The Federal Reserve israising interest ratesthis year, and rate hikes aren’t usually good for tech stocks. The higher the risk-free rate, the less valuable future growth is. High interest rates generally make value stocks more appealing than growth stocks, and neither Google nor Apple is really in ‘value’ territory just yet.","news_type":1},"isVote":1,"tweetType":1,"viewCount":292,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9078043468,"gmtCreate":1657603232554,"gmtModify":1676536033385,"author":{"id":"4108549010162030","authorId":"4108549010162030","name":"志冲斗牛","avatar":"https://static.itradeup.com/news/4443a3100c1d462665e8b22914e01407","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Good info","listText":"Good info","text":"Good info","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9078043468","repostId":"1171662108","repostType":2,"repost":{"id":"1171662108","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1657546383,"share":"https://www.laohu8.com/m/news/1171662108?lang=&edition=full","pubTime":"2022-07-11 21:33","market":"us","language":"en","title":"U.S. Stocks Slide to Start the Week As Wall Street Prepares for Earnings Season to Kick off","url":"https://stock-news.laohu8.com/highlight/detail?id=1171662108","media":"Tiger Newspress","summary":"U.S. equities futures fell early Monday morning as Wall Street looked ahead to big company earnings ","content":"<html><head></head><body><p>U.S. equities futures fell early Monday morning as Wall Street looked ahead to big company earnings reports slated for later in the week.</p><p>Futures tied to the Dow Jones Industrial Average slipped by 173 points, or 0.55%. S&amp;P 500 futures fell 0.64%, and Nasdaq 100 futures lost 0.69%.</p><p>Twitter shares fell 5% in the premarket after Elon Muskterminated a deal worth $44 billion to buy the social media company. The billionaire took issue with the number of bots and fake accounts on the platform and said Twitter wasn’t being truthful about how authentic activity on the platform was. However, the company said it gave Musk the information he needed to assess the claims.</p><p>Monday’s moves lower come on the back of worsening Covid trends in China, with Shanghai detecting its first case of the BA.5 subvariant and Macau closing its casinos for a week.</p><p>“COVID headwinds aren’t just a Chinese phenomenon – cases are climbing globally, although the risk of lockdowns in the US and EU remains extremely low,” wrote Adam Crisafulli of Vital Knowledge.</p><p>Wall Street is coming off a mixed session in which the Dow and S&amp;P 500 fell slightly, while the Nasdaq Compositerose for a fifth straight day. All of the major averages secured a winning week after astronger-than-expected jobs reportFriday showed that the economic downturn worrying investors has not yet arrived and added to positive sentiment.</p><p>Still, the 2-year Treasury yield hovered above its 10-year counterpart, an inversion many see as a recession indicator. The 2-year rate on Monday traded at 3.08%, roughly 2 basis points above the 10-year.</p><p>“While the markets ended in solid green for the week, investors should brace for continued volatility in July, with ongoing uncertainties looming with respect to inflation, Fed policy, recession concerns, the enduring Russia-Ukraine war, all as we also move into corporate earnings season,” said Greg Bassuk, chief executive officer at AXS Investments.</p><p>The jobs report, while good for the economy, could embolden the Federal Reserve to continue its aggressive rate hikes in the coming months to fight persistently high inflation. It will betested this weekwith a slew of earnings from major banks and consumer inflation data this week on deck.</p><p>“With recessionary fears weighing on the markets, investors are hyper-focused on corporate earnings for greater clues about the health of corporate America and the broader U.S. economy,” Bassuk said.</p><p>“A sharper lens will be needed to dissect these earnings reports, as a strong second quarter might be accompanied by very conservative outlooks,” he added. “As commodity and other producer costs remain high, companies will be factoring in the extent to which those heightened prices can be passed on to consumers and, likewise, how to keep earnings vigorous amid economic, geopolitical and other key headwinds.</p><p>PepsiCo and Delta Air Lines are scheduled to report earnings Tuesday and Wednesday. JPMorgan Chase, Morgan Stanley, Wells Fargo and Citigroup are set to report at the end of the week.</p><p>Investors are also looking ahead to the release of June’s consumer price index on Wednesday, which is expected to show headline inflation, including food and energy,rising above May’s 8.6% level.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. Stocks Slide to Start the Week As Wall Street Prepares for Earnings Season to Kick off</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. Stocks Slide to Start the Week As Wall Street Prepares for Earnings Season to Kick off\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-07-11 21:33</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>U.S. equities futures fell early Monday morning as Wall Street looked ahead to big company earnings reports slated for later in the week.</p><p>Futures tied to the Dow Jones Industrial Average slipped by 173 points, or 0.55%. S&amp;P 500 futures fell 0.64%, and Nasdaq 100 futures lost 0.69%.</p><p>Twitter shares fell 5% in the premarket after Elon Muskterminated a deal worth $44 billion to buy the social media company. The billionaire took issue with the number of bots and fake accounts on the platform and said Twitter wasn’t being truthful about how authentic activity on the platform was. However, the company said it gave Musk the information he needed to assess the claims.</p><p>Monday’s moves lower come on the back of worsening Covid trends in China, with Shanghai detecting its first case of the BA.5 subvariant and Macau closing its casinos for a week.</p><p>“COVID headwinds aren’t just a Chinese phenomenon – cases are climbing globally, although the risk of lockdowns in the US and EU remains extremely low,” wrote Adam Crisafulli of Vital Knowledge.</p><p>Wall Street is coming off a mixed session in which the Dow and S&amp;P 500 fell slightly, while the Nasdaq Compositerose for a fifth straight day. All of the major averages secured a winning week after astronger-than-expected jobs reportFriday showed that the economic downturn worrying investors has not yet arrived and added to positive sentiment.</p><p>Still, the 2-year Treasury yield hovered above its 10-year counterpart, an inversion many see as a recession indicator. The 2-year rate on Monday traded at 3.08%, roughly 2 basis points above the 10-year.</p><p>“While the markets ended in solid green for the week, investors should brace for continued volatility in July, with ongoing uncertainties looming with respect to inflation, Fed policy, recession concerns, the enduring Russia-Ukraine war, all as we also move into corporate earnings season,” said Greg Bassuk, chief executive officer at AXS Investments.</p><p>The jobs report, while good for the economy, could embolden the Federal Reserve to continue its aggressive rate hikes in the coming months to fight persistently high inflation. It will betested this weekwith a slew of earnings from major banks and consumer inflation data this week on deck.</p><p>“With recessionary fears weighing on the markets, investors are hyper-focused on corporate earnings for greater clues about the health of corporate America and the broader U.S. economy,” Bassuk said.</p><p>“A sharper lens will be needed to dissect these earnings reports, as a strong second quarter might be accompanied by very conservative outlooks,” he added. “As commodity and other producer costs remain high, companies will be factoring in the extent to which those heightened prices can be passed on to consumers and, likewise, how to keep earnings vigorous amid economic, geopolitical and other key headwinds.</p><p>PepsiCo and Delta Air Lines are scheduled to report earnings Tuesday and Wednesday. JPMorgan Chase, Morgan Stanley, Wells Fargo and Citigroup are set to report at the end of the week.</p><p>Investors are also looking ahead to the release of June’s consumer price index on Wednesday, which is expected to show headline inflation, including food and energy,rising above May’s 8.6% level.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1171662108","content_text":"U.S. equities futures fell early Monday morning as Wall Street looked ahead to big company earnings reports slated for later in the week.Futures tied to the Dow Jones Industrial Average slipped by 173 points, or 0.55%. S&P 500 futures fell 0.64%, and Nasdaq 100 futures lost 0.69%.Twitter shares fell 5% in the premarket after Elon Muskterminated a deal worth $44 billion to buy the social media company. The billionaire took issue with the number of bots and fake accounts on the platform and said Twitter wasn’t being truthful about how authentic activity on the platform was. However, the company said it gave Musk the information he needed to assess the claims.Monday’s moves lower come on the back of worsening Covid trends in China, with Shanghai detecting its first case of the BA.5 subvariant and Macau closing its casinos for a week.“COVID headwinds aren’t just a Chinese phenomenon – cases are climbing globally, although the risk of lockdowns in the US and EU remains extremely low,” wrote Adam Crisafulli of Vital Knowledge.Wall Street is coming off a mixed session in which the Dow and S&P 500 fell slightly, while the Nasdaq Compositerose for a fifth straight day. All of the major averages secured a winning week after astronger-than-expected jobs reportFriday showed that the economic downturn worrying investors has not yet arrived and added to positive sentiment.Still, the 2-year Treasury yield hovered above its 10-year counterpart, an inversion many see as a recession indicator. The 2-year rate on Monday traded at 3.08%, roughly 2 basis points above the 10-year.“While the markets ended in solid green for the week, investors should brace for continued volatility in July, with ongoing uncertainties looming with respect to inflation, Fed policy, recession concerns, the enduring Russia-Ukraine war, all as we also move into corporate earnings season,” said Greg Bassuk, chief executive officer at AXS Investments.The jobs report, while good for the economy, could embolden the Federal Reserve to continue its aggressive rate hikes in the coming months to fight persistently high inflation. It will betested this weekwith a slew of earnings from major banks and consumer inflation data this week on deck.“With recessionary fears weighing on the markets, investors are hyper-focused on corporate earnings for greater clues about the health of corporate America and the broader U.S. economy,” Bassuk said.“A sharper lens will be needed to dissect these earnings reports, as a strong second quarter might be accompanied by very conservative outlooks,” he added. “As commodity and other producer costs remain high, companies will be factoring in the extent to which those heightened prices can be passed on to consumers and, likewise, how to keep earnings vigorous amid economic, geopolitical and other key headwinds.PepsiCo and Delta Air Lines are scheduled to report earnings Tuesday and Wednesday. JPMorgan Chase, Morgan Stanley, Wells Fargo and Citigroup are set to report at the end of the week.Investors are also looking ahead to the release of June’s consumer price index on Wednesday, which is expected to show headline inflation, including food and energy,rising above May’s 8.6% level.","news_type":1},"isVote":1,"tweetType":1,"viewCount":212,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9051080097,"gmtCreate":1654608856319,"gmtModify":1676535477148,"author":{"id":"4108549010162030","authorId":"4108549010162030","name":"志冲斗牛","avatar":"https://static.itradeup.com/news/4443a3100c1d462665e8b22914e01407","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Thanks","listText":"Thanks","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9051080097","repostId":"2241302751","repostType":4,"repost":{"id":"2241302751","pubTimestamp":1654604362,"share":"https://www.laohu8.com/m/news/2241302751?lang=&edition=full","pubTime":"2022-06-07 20:19","market":"us","language":"en","title":"Should You Invest in Nvidia Right Now?","url":"https://stock-news.laohu8.com/highlight/detail?id=2241302751","media":"Motley Fool","summary":"This best-in-class semiconductor company is down more than 40% from its peak. But has it fallen far enough?","content":"<html><head></head><body><p>It has been a trying time for investors across the technology space, even those holding shares of best-in-class, profitable companies like <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a>. Nvidia pioneered the use of graphics processing units (GPUs), and not just for high-end gaming and visualization. It also adapted the parallel-processing capabilities of GPUs to help accelerate artificial intelligence applications, which require huge amounts of extremely fast processing power.</p><p>While macroeconomic headwinds have taken down the stock from its peak in November, there are still a lot of positive things going on at Nvidia, and it has an exciting pipeline of innovation. So after a steep decline that has it trading more than 40% below its high -- and with a bit of bounce underway in recent weeks -- is now the time to buy this all-star chip stock?</p><h2>Recent results came in strong, with some external headwinds</h2><p>During a challenging quarter for the economy, Nvidia continued to shine. Its first quarter revenue rose 46% year over year to $8.29 billion, and adjusted (non-GAAP) earnings gained 49% to $1.36 per share. Both figures beat analysts&#39; consensus expectations. However, Nvidia did guide for a sequential revenue decline due to a $500 million headwind caused by the latest COVID-19 lockdowns in China (which it expects to sap $400 million in gaming revenue) and sales not being made in Russia ($100 million in data center revenue). While the lost revenue from Russia may never be recovered, the missing sales to customers in China should reappear as the country lifts restrictions in Shanghai and Beijing.</p><p>But the most important story continues to be Nvidia&#39;s data center segment, which surpassed the gaming segment in revenue once again. This happened for the first time back in fiscal Q2 2020, but that period fell during the early chaos of the pandemic. Last quarter, Nvidia&#39;s data center revenue was up a staggering 83% year over year, better than the gaming segment at 31%, with increased momentum and visibility for the rest of the year.</p><p>While gaming sales should remain solid over the long term, thanks to the growth of video games broadly and the expected rise of the metaverse, Nvidia&#39;s data center segment should continue to outperform and become its most important segment by a significant margin.</p><p>This is because artificial intelligence is just now taking off in earnest due to a couple of key breakthroughs. On the recent conference call with analysts, CEO Jensen Huang pointed to the new innovation of transformers ushering in a sea change for the AI industry. Previously, in order to use and benefit from AI, a business would have to organize and label all of its data -- a hugely time-consuming, expensive, and sometimes impossible process. However, with transformers, a machine can train itself without the need for human-labeled data.</p><p>This innovation is opening up AI insights to a much broader range of industries, where the technology&#39;s use is a key enabler and competitive advantage. And the more easily and affordably businesses can access and use AI, the better it will be for Nvidia&#39;s data center segment. The transformer innovation -- which has taken place over just the past couple of years -- is a big reason Nvidia&#39;s data center revenue has tripled in just two years.</p><p><img src=\"https://static.tigerbbs.com/7a1fd8b625e6303781880eaf51dbd6b2\" tg-width=\"700\" tg-height=\"490\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Image source: Getty Images.</p><h2>Product launches this year should power data center sales</h2><p>In addition to these industrywide breakthroughs, Nvidia has also been innovating at a fast clip. Its new H100 chip, which contains over 80 billion transistors and promises up to 30 times the performance of the A100, is set to launch later this year. Keep in mind, the A100 is the chip delivering all of the company&#39;s current outstanding data center performance, so the segment is likely in for continued growth after the H100 launches.</p><p>Nvidia will also be introducing its first central processing unit (CPU), dubbed Grace, later this year. CPUs have been the domain of <b>Intel</b> and <b>Advanced Micro Devices</b>, but Nvidia is coming out with an ARM-based 144-core chip that&#39;s built specifically for AI applications in data centers. Now, Nvidia will have a full stack of chips for a complete data center, including GPUs, CPUs, DPUs (networking processors), systems-on-chips (SOCs), switches, and interconnects. A vertically integrated full ecosystem for data centers could enable lots of growth with increasing margins for Nvidia.</p><p>Aside from its data center chips, Nvidia will also refresh its RTX gaming chips later this year. That could rejuvenate gaming revenue after the expected step-down in the second quarter. As tech companies expand their metaverse buildouts and virtual reality tools -- as several leading tech companies have announced they are doing -- Nvidia should benefit.</p><h2>Has the stock become cheap enough?</h2><p>Most people acknowledge Nvidia is a great business, but do its ample growth prospects justify its current valuation? The stock has been cut nearly in half from its high, but it still trades at 50 times trailing earnings and about 35 times expected 2022 earnings. That&#39;s not exactly cheap.</p><p>Nvidia&#39;s price-to-earnings ratio is now back to near the top of its 2018 valuation range -- but that&#39;s also near the low point it touched during its early 2020 pandemic-induced decline.</p><p><img src=\"https://static.tigerbbs.com/ebff1ef4be9d14db0f7fcbd1f53dacf0\" tg-width=\"720\" tg-height=\"433\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>NVDA PE Ratio data by YCharts</p><p>However, considering that this is a rapidly changing business and that AI-related sales have only taken off for Nvidia over the past three years, these historical comparisons probably aren&#39;t very helpful.</p><p>Nvidia&#39;s first-mover advantage in GPUs may prove insurmountable for competitors for the next decade, so I would anticipate it experiencing rapid data center growth for the next several years. I also think the growth of its data center and AI chips should overcome any cyclical economic headwinds of the type that have led to uneven growth periods for Nvidia in the past.</p><p>At a broader level, however, CEO Jensen Huang and his team have successfully innovated, introduced new products, and shown a propensity for developing cutting-edge tech, from graphics to AI to autonomous vehicles and more. That certainly bodes well for the company&#39;s future.</p><p>Even as a value investor, I&#39;m thinking of opening a position in Nvidia after selling my shares a few years ago. While it&#39;s possible the stock could fall further if we have a bad recession, investors who would like to own it shouldn&#39;t necessarily wait for that worst-case scenario. If you are well diversified, I think Nvidia is buyable at these levels.</p><p>However, I wouldn&#39;t necessarily take a huge position, given the stock&#39;s high price-to-earnings ratio and the high degree of global uncertainty around interest rates. There are other semiconductor stocks that will also benefit from the growth of AI that trade at lower valuations. That being said, if Nvidia&#39;s valuation continues to fall and the business outlook doesn&#39;t change, investors should probably look to add or increase their positions.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Should You Invest in Nvidia Right Now?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nShould You Invest in Nvidia Right Now?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-07 20:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/06/07/should-you-invest-in-nvidia-right-now/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It has been a trying time for investors across the technology space, even those holding shares of best-in-class, profitable companies like Nvidia. Nvidia pioneered the use of graphics processing units...</p>\n\n<a href=\"https://www.fool.com/investing/2022/06/07/should-you-invest-in-nvidia-right-now/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4527":"明星科技股","BK4529":"IDC概念","BK4567":"ESG概念","BK4543":"AI","BK4534":"瑞士信贷持仓","NVDA":"英伟达","BK4551":"寇图资本持仓","BK4550":"红杉资本持仓","BK4579":"人工智能","BK4581":"高盛持仓","BK4141":"半导体产品","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4554":"元宇宙及AR概念","BK4532":"文艺复兴科技持仓","BK4549":"软银资本持仓","BK4503":"景林资产持仓","BK4548":"巴美列捷福持仓"},"source_url":"https://www.fool.com/investing/2022/06/07/should-you-invest-in-nvidia-right-now/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2241302751","content_text":"It has been a trying time for investors across the technology space, even those holding shares of best-in-class, profitable companies like Nvidia. Nvidia pioneered the use of graphics processing units (GPUs), and not just for high-end gaming and visualization. It also adapted the parallel-processing capabilities of GPUs to help accelerate artificial intelligence applications, which require huge amounts of extremely fast processing power.While macroeconomic headwinds have taken down the stock from its peak in November, there are still a lot of positive things going on at Nvidia, and it has an exciting pipeline of innovation. So after a steep decline that has it trading more than 40% below its high -- and with a bit of bounce underway in recent weeks -- is now the time to buy this all-star chip stock?Recent results came in strong, with some external headwindsDuring a challenging quarter for the economy, Nvidia continued to shine. Its first quarter revenue rose 46% year over year to $8.29 billion, and adjusted (non-GAAP) earnings gained 49% to $1.36 per share. Both figures beat analysts' consensus expectations. However, Nvidia did guide for a sequential revenue decline due to a $500 million headwind caused by the latest COVID-19 lockdowns in China (which it expects to sap $400 million in gaming revenue) and sales not being made in Russia ($100 million in data center revenue). While the lost revenue from Russia may never be recovered, the missing sales to customers in China should reappear as the country lifts restrictions in Shanghai and Beijing.But the most important story continues to be Nvidia's data center segment, which surpassed the gaming segment in revenue once again. This happened for the first time back in fiscal Q2 2020, but that period fell during the early chaos of the pandemic. Last quarter, Nvidia's data center revenue was up a staggering 83% year over year, better than the gaming segment at 31%, with increased momentum and visibility for the rest of the year.While gaming sales should remain solid over the long term, thanks to the growth of video games broadly and the expected rise of the metaverse, Nvidia's data center segment should continue to outperform and become its most important segment by a significant margin.This is because artificial intelligence is just now taking off in earnest due to a couple of key breakthroughs. On the recent conference call with analysts, CEO Jensen Huang pointed to the new innovation of transformers ushering in a sea change for the AI industry. Previously, in order to use and benefit from AI, a business would have to organize and label all of its data -- a hugely time-consuming, expensive, and sometimes impossible process. However, with transformers, a machine can train itself without the need for human-labeled data.This innovation is opening up AI insights to a much broader range of industries, where the technology's use is a key enabler and competitive advantage. And the more easily and affordably businesses can access and use AI, the better it will be for Nvidia's data center segment. The transformer innovation -- which has taken place over just the past couple of years -- is a big reason Nvidia's data center revenue has tripled in just two years.Image source: Getty Images.Product launches this year should power data center salesIn addition to these industrywide breakthroughs, Nvidia has also been innovating at a fast clip. Its new H100 chip, which contains over 80 billion transistors and promises up to 30 times the performance of the A100, is set to launch later this year. Keep in mind, the A100 is the chip delivering all of the company's current outstanding data center performance, so the segment is likely in for continued growth after the H100 launches.Nvidia will also be introducing its first central processing unit (CPU), dubbed Grace, later this year. CPUs have been the domain of Intel and Advanced Micro Devices, but Nvidia is coming out with an ARM-based 144-core chip that's built specifically for AI applications in data centers. Now, Nvidia will have a full stack of chips for a complete data center, including GPUs, CPUs, DPUs (networking processors), systems-on-chips (SOCs), switches, and interconnects. A vertically integrated full ecosystem for data centers could enable lots of growth with increasing margins for Nvidia.Aside from its data center chips, Nvidia will also refresh its RTX gaming chips later this year. That could rejuvenate gaming revenue after the expected step-down in the second quarter. As tech companies expand their metaverse buildouts and virtual reality tools -- as several leading tech companies have announced they are doing -- Nvidia should benefit.Has the stock become cheap enough?Most people acknowledge Nvidia is a great business, but do its ample growth prospects justify its current valuation? The stock has been cut nearly in half from its high, but it still trades at 50 times trailing earnings and about 35 times expected 2022 earnings. That's not exactly cheap.Nvidia's price-to-earnings ratio is now back to near the top of its 2018 valuation range -- but that's also near the low point it touched during its early 2020 pandemic-induced decline.NVDA PE Ratio data by YChartsHowever, considering that this is a rapidly changing business and that AI-related sales have only taken off for Nvidia over the past three years, these historical comparisons probably aren't very helpful.Nvidia's first-mover advantage in GPUs may prove insurmountable for competitors for the next decade, so I would anticipate it experiencing rapid data center growth for the next several years. I also think the growth of its data center and AI chips should overcome any cyclical economic headwinds of the type that have led to uneven growth periods for Nvidia in the past.At a broader level, however, CEO Jensen Huang and his team have successfully innovated, introduced new products, and shown a propensity for developing cutting-edge tech, from graphics to AI to autonomous vehicles and more. That certainly bodes well for the company's future.Even as a value investor, I'm thinking of opening a position in Nvidia after selling my shares a few years ago. While it's possible the stock could fall further if we have a bad recession, investors who would like to own it shouldn't necessarily wait for that worst-case scenario. If you are well diversified, I think Nvidia is buyable at these levels.However, I wouldn't necessarily take a huge position, given the stock's high price-to-earnings ratio and the high degree of global uncertainty around interest rates. There are other semiconductor stocks that will also benefit from the growth of AI that trade at lower valuations. That being said, if Nvidia's valuation continues to fall and the business outlook doesn't change, investors should probably look to add or increase their positions.","news_type":1},"isVote":1,"tweetType":1,"viewCount":145,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9051014719,"gmtCreate":1654608768531,"gmtModify":1676535477124,"author":{"id":"4108549010162030","authorId":"4108549010162030","name":"志冲斗牛","avatar":"https://static.itradeup.com/news/4443a3100c1d462665e8b22914e01407","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"thanks","listText":"thanks","text":"thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9051014719","repostId":"2241021019","repostType":2,"repost":{"id":"2241021019","pubTimestamp":1654603329,"share":"https://www.laohu8.com/m/news/2241021019?lang=&edition=full","pubTime":"2022-06-07 20:02","market":"us","language":"en","title":"Should You Sell Amazon After Its Stock Split?","url":"https://stock-news.laohu8.com/highlight/detail?id=2241021019","media":"Motley Fool","summary":"Are investors overlooking some major risks?","content":"<html><head></head><body><p>After months of anticipation, <a href=\"https://laohu8.com/S/AMZN\">Amazon</a> has finally split its stock 20 for 1. Many investors are excited about the opportunity to buy more of the e-commerce giant&#39;s shares at its new, significantly reduced price.</p><p>Yet experienced investors know that stock splits do not fundamentally alter the value of a business. They simply carve a company&#39;s profits into more slices. In many ways, Amazon&#39;s 20-for-1 split is like exchanging a $20 bill for 20 $1 bills. The value you hold before and after the split is the same.</p><p>Moreover, astute investors know that Amazon is facing a host of serious challenges that threaten to slow its growth and dent its profits. So, rather than buy, should you be thinking about selling Amazon&#39;s stock?</p><h2>Amazon&#39;s online retail business is struggling</h2><p>The e-commerce arena has long been dominated by Amazon. More than half of all online retail sales in the U.S. take place on its websites and apps. It&#39;s a similar story in many other markets across the world.</p><p>Yet the growth of the global e-commerce industry is slowing. E-commerce sales skyrocketed during the early stages of the pandemic when traditional retail store closures drove people to shop online. But people are once again returning to their favorite stores now that many COVID-19-related safety measures have been lifted.</p><p>These trends can clearly be seen in Amazon&#39;s sales metrics. Revenue for the company&#39;s online stores fell 3% year over year to $51 billion in the first quarter after soaring 44% in the prior-year period.</p><p>While its e-commerce sales are falling, Amazon&#39;s costs are rising. Higher energy prices and other shipping costs are taking a toll. Management also spent heavily to double the size of its fulfillment network to meet booming consumer demand during the pandemic. But as shoppers pare back their online purchases, Amazon is being forced to vacate some of its unused warehouse capacity to reduce expenses.</p><p>More worrisome is Amazon announced on Friday that David Clark, the longtime CEO of its Worldwide Consumer division, plans to resign on July 1. Clark is responsible for the company&#39;s e-commerce marketplaces and physical retail stores, as well as its popular Prime membership program. His imminent departure suggests that Amazon&#39;s e-commerce troubles could persist for longer than investors had hoped.</p><h2>Competition is intensifying</h2><p>Amazon&#39;s cloud computing business also faces no shortage of challenges. Amazon Web Services (AWS) has so far maintained its place atop the industry it helped build. But fierce competitors, including <a href=\"https://laohu8.com/S/MSFT\">Microsoft </a> and <b>Alphabet</b> (GOOG) (GOOGL), are doing everything they can to dislodge Amazon from its lofty position.</p><p>Microsoft is a particularly fearsome rival. Its Azure cloud computing platform has grown at a significantly faster clip than AWS in recent quarters. Microsoft&#39;s longtime relationships with its corporate customers and popular productivity software are helping it win contracts for its cloud services.</p><p>Alphabet&#39;s Google should also not be taken lightly. The search giant is investing aggressively to gain cloud market share. Its Google Cloud division is growing quickly, particularly among companies that rely on its digital marketing tools.</p><h2>So, should you sell Amazon stock?</h2><p>Despite these challenges, selling now could be a mistake. Most of Amazon&#39;s e-commerce troubles are likely to be transitory. Fuel prices and other shipping costs should moderate over time, particularly as Amazon shifts more of its fleet toward electric vehicles. The company will sublet or end leases on the warehouse space it doesn&#39;t currently require and grow into its remaining capacity. These and other expense-reduction measures should help Amazon achieve the &#34;healthy level of profitability&#34; CEO Andy Jassy promised recently during Amazon&#39;s annual shareholder meeting.</p><p>And although investors should certainly not overlook Microsoft and Google, these cloud rivals are unlikely to dislodge AWS from its throne any time soon. Google Cloud is not yet profitable, and Microsoft has not disclosed Azure&#39;s profitability metrics. AWS, meanwhile, produced a whopping $6.5 billion in operating income in the first quarter alone. Amazon&#39;s ability to generate profits of this magnitude, despite Microsoft&#39;s and Google&#39;s best attempts to wrestle away market share, is a testament to the value AWS is providing to its customers. It&#39;s also evidence of Amazon&#39;s powerful and sustainable competitive advantages.</p><p>So, if you own Amazon stock, hang onto your shares for the long run.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Should You Sell Amazon After Its Stock Split?</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\">\nShould You Sell Amazon After Its Stock Split?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-07 20:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/06/07/should-you-sell-amazon-after-its-stock-split/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>After months of anticipation, Amazon has finally split its stock 20 for 1. Many investors are excited about the opportunity to buy more of the e-commerce giant's shares at its new, significantly ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/06/07/should-you-sell-amazon-after-its-stock-split/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4566":"资本集团","BK4524":"宅经济概念","BK4535":"淡马锡持仓","BK4527":"明星科技股","BK4538":"云计算","BK4559":"巴菲特持仓","BK4550":"红杉资本持仓","BK4579":"人工智能","BK4503":"景林资产持仓","BK4122":"互联网与直销零售","BK4551":"寇图资本持仓","BK4561":"索罗斯持仓","BK4581":"高盛持仓","BK4548":"巴美列捷福持仓","BK4532":"文艺复兴科技持仓","BK4554":"元宇宙及AR概念","BK4534":"瑞士信贷持仓","BK4507":"流媒体概念","BK4533":"AQR资本管理(全球第二大对冲基金)"},"source_url":"https://www.fool.com/investing/2022/06/07/should-you-sell-amazon-after-its-stock-split/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2241021019","content_text":"After months of anticipation, Amazon has finally split its stock 20 for 1. Many investors are excited about the opportunity to buy more of the e-commerce giant's shares at its new, significantly reduced price.Yet experienced investors know that stock splits do not fundamentally alter the value of a business. They simply carve a company's profits into more slices. In many ways, Amazon's 20-for-1 split is like exchanging a $20 bill for 20 $1 bills. The value you hold before and after the split is the same.Moreover, astute investors know that Amazon is facing a host of serious challenges that threaten to slow its growth and dent its profits. So, rather than buy, should you be thinking about selling Amazon's stock?Amazon's online retail business is strugglingThe e-commerce arena has long been dominated by Amazon. More than half of all online retail sales in the U.S. take place on its websites and apps. It's a similar story in many other markets across the world.Yet the growth of the global e-commerce industry is slowing. E-commerce sales skyrocketed during the early stages of the pandemic when traditional retail store closures drove people to shop online. But people are once again returning to their favorite stores now that many COVID-19-related safety measures have been lifted.These trends can clearly be seen in Amazon's sales metrics. Revenue for the company's online stores fell 3% year over year to $51 billion in the first quarter after soaring 44% in the prior-year period.While its e-commerce sales are falling, Amazon's costs are rising. Higher energy prices and other shipping costs are taking a toll. Management also spent heavily to double the size of its fulfillment network to meet booming consumer demand during the pandemic. But as shoppers pare back their online purchases, Amazon is being forced to vacate some of its unused warehouse capacity to reduce expenses.More worrisome is Amazon announced on Friday that David Clark, the longtime CEO of its Worldwide Consumer division, plans to resign on July 1. Clark is responsible for the company's e-commerce marketplaces and physical retail stores, as well as its popular Prime membership program. His imminent departure suggests that Amazon's e-commerce troubles could persist for longer than investors had hoped.Competition is intensifyingAmazon's cloud computing business also faces no shortage of challenges. Amazon Web Services (AWS) has so far maintained its place atop the industry it helped build. But fierce competitors, including Microsoft  and Alphabet (GOOG) (GOOGL), are doing everything they can to dislodge Amazon from its lofty position.Microsoft is a particularly fearsome rival. Its Azure cloud computing platform has grown at a significantly faster clip than AWS in recent quarters. Microsoft's longtime relationships with its corporate customers and popular productivity software are helping it win contracts for its cloud services.Alphabet's Google should also not be taken lightly. The search giant is investing aggressively to gain cloud market share. Its Google Cloud division is growing quickly, particularly among companies that rely on its digital marketing tools.So, should you sell Amazon stock?Despite these challenges, selling now could be a mistake. Most of Amazon's e-commerce troubles are likely to be transitory. Fuel prices and other shipping costs should moderate over time, particularly as Amazon shifts more of its fleet toward electric vehicles. The company will sublet or end leases on the warehouse space it doesn't currently require and grow into its remaining capacity. These and other expense-reduction measures should help Amazon achieve the \"healthy level of profitability\" CEO Andy Jassy promised recently during Amazon's annual shareholder meeting.And although investors should certainly not overlook Microsoft and Google, these cloud rivals are unlikely to dislodge AWS from its throne any time soon. Google Cloud is not yet profitable, and Microsoft has not disclosed Azure's profitability metrics. AWS, meanwhile, produced a whopping $6.5 billion in operating income in the first quarter alone. Amazon's ability to generate profits of this magnitude, despite Microsoft's and Google's best attempts to wrestle away market share, is a testament to the value AWS is providing to its customers. It's also evidence of Amazon's powerful and sustainable competitive advantages.So, if you own Amazon stock, hang onto your shares for the long run.","news_type":1},"isVote":1,"tweetType":1,"viewCount":107,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9031010991,"gmtCreate":1646381196566,"gmtModify":1676534124240,"author":{"id":"4108549010162030","authorId":"4108549010162030","name":"志冲斗牛","avatar":"https://static.itradeup.com/news/4443a3100c1d462665e8b22914e01407","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Pray for Ukraine","listText":"Pray for Ukraine","text":"Pray for Ukraine","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9031010991","repostId":"1115766956","repostType":4,"isVote":1,"tweetType":1,"viewCount":228,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9031035552,"gmtCreate":1646380446412,"gmtModify":1676534124185,"author":{"id":"4108549010162030","authorId":"4108549010162030","name":"志冲斗牛","avatar":"https://static.itradeup.com/news/4443a3100c1d462665e8b22914e01407","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9031035552","repostId":"1119062210","repostType":2,"repost":{"id":"1119062210","pubTimestamp":1646377023,"share":"https://www.laohu8.com/m/news/1119062210?lang=&edition=full","pubTime":"2022-03-04 14:57","market":"us","language":"en","title":"SPDR S&P 500 ETF Trust Is a Tried-and-True Market Tracker","url":"https://stock-news.laohu8.com/highlight/detail?id=1119062210","media":"InvestorPlace","summary":"Use a set-it-and-forget it strategy with SPY stock, and be the captain of your financial ship","content":"<html><head></head><body><p>Many years ago, mutual funds were the go-to route for instant stock-market diversification. Then came the exchange traded fund (ETF) revolution in January of 1993 with the <b>SPDR S&amp;P 500 ETF Trust</b> (NYSEARCA:<b><u>SPY</u></b>). Suddenly, self-directed investors could get easy exposure to the <b>S&amp;P 500</b> index simply by owning SPY stock.</p><p>Not only was this the very first ETF, but three decades later, it’s still the most famous one that tracks a major U.S. financial market index. The fund’s prime directive, really, is to move in lockstep with the S&amp;P 500.</p><p>With $387.5 billion worth of assets under management, the SPDR S&amp;P 500 ETF Trust might even be considered a mutual fund killer. At the very least, it can help non-professional investors avoid exorbitant fees.</p><p>You might be ready to start buying SPY stock, but hold on. You wouldn’t want to buy something without knowing what you’re betting your hard-earned money on. With that in mind, let’s delve into a fabulous fund that might deserve a place in your portfolio.</p><p><b>A Closer Look at SPY Stock</b></p><p>First and foremost, the SPDR S&amp;P 500 ETF Trust pays a dividend yield that’s fairly similar to its underlying index. According to the fund’s website, the S&amp;P 500’s annual dividend yield is 1.45%, while the fund distributes a yield of 1.34%.</p><p>SPY stock’s five-year monthly beta is 1, which makes perfect sense. After all, beta refers to how fast an asset moves, in both directions, compared to the S&amp;P 500 index. A beta of 1 means that the SPDR S&amp;P 500 ETF Trust is moving as fast as the index, so that’s a good sign.</p><p>Now, here’s one of my favorite things about this fund. It has one of the lowest expense ratios (basically, what the shareholders are paying the fund’s managers) in the business.</p><p>Between the trustee’s fee, S&amp;P license fee, marketing and other operating expenses, the SPDR S&amp;P 500 ETF Trust’s total expense ratio is just 0.0945%. That’s less than a tenth of a percent, so as an investor, you probably won’t even notice it.</p><p><b>What’s in the Fund?</b></p><p>“Know what you own” is a wise old saying in the financial markets. So, it’s a good idea to learn about what’s in the SPDR S&amp;P 500 ETF Trust before taking a position in it.</p><p>When browsing through the fund’s components or holdings, one thing will stand out immediately. It’s undeniable: there are a lot of technology-focused businesses in the fund.</p><p>Like the S&amp;P 500 itself, SPY stock is market-capitalization-weighted. Therefore, the biggest companies will take up larger percentages of the fund.</p><p>Interestingly, the top five holdings in the SPDR S&amp;P 500 ETF Trust make up over 20% of the fund. Furthermore, they’re all technology companies.</p><p>In order, the top five holdings are <b>Apple</b>(NASDAQ:<b>AAPL</b>), <b>Microsoft</b>(NASDAQ:<b><u>MSFT</u></b>), <b>Amazon</b>  (NASDAQ:<b><u>AMZN</u></b>) and <b>Alphabet</b> (NASDAQ:<b><u>GOOG</u></b>, NASDAQ:<b><u>GOOGL</u></b>) Class A and Class C shares.</p><p>It might seem odd that Alphabet, the parent company of the Google search engine, gets to be numbers four and five on the list. Yet, that’s because the company offers two different types of stock shares, and they’re both quite popular.</p><p>Also in the fund’s top-ten holdings are <b>Meta Platforms</b> (NASDAQ:<b><u>FB</u></b>) and <b>Nvidia</b> (NASDAQ:<b><u>NVDA</u></b>). Are you detecting a common theme here? These are all tech businesses, of course. Hence, you’d better be on board with technology-sector investing if you’re going to hold SPY stock.</p><p><b>The Bottom Line</b></p><p>Since it represents hundreds of companies, the SPDR S&amp;P 500 ETF Trust does offer instant diversification.</p><p>Yet, it’s also heavily weighted toward technology businesses. Some investors might take issue with this.</p><p>That’s understandable, but SPY stock has its advantages. The funds’ fees are rock-bottom, and it does a commendable job of tracking the S&amp;P 500. Thus, you can feel confident using a buy-and-hold strategy with the SPDR S&amp;P 500 ETF Trust.</p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SPDR S&P 500 ETF Trust Is a Tried-and-True Market Tracker</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\">\nSPDR S&P 500 ETF Trust Is a Tried-and-True Market Tracker\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-04 14:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/03/spy-stock-is-a-tried-and-true-sp-500-tracker-for-self-starters/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Many years ago, mutual funds were the go-to route for instant stock-market diversification. Then came the exchange traded fund (ETF) revolution in January of 1993 with the SPDR S&P 500 ETF Trust (...</p>\n\n<a href=\"https://investorplace.com/2022/03/spy-stock-is-a-tried-and-true-sp-500-tracker-for-self-starters/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果","GOOG":"谷歌","MSFT":"微软","GOOGL":"谷歌A","SPY":"标普500ETF","AMZN":"亚马逊","NVDA":"英伟达"},"source_url":"https://investorplace.com/2022/03/spy-stock-is-a-tried-and-true-sp-500-tracker-for-self-starters/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1119062210","content_text":"Many years ago, mutual funds were the go-to route for instant stock-market diversification. Then came the exchange traded fund (ETF) revolution in January of 1993 with the SPDR S&P 500 ETF Trust (NYSEARCA:SPY). Suddenly, self-directed investors could get easy exposure to the S&P 500 index simply by owning SPY stock.Not only was this the very first ETF, but three decades later, it’s still the most famous one that tracks a major U.S. financial market index. The fund’s prime directive, really, is to move in lockstep with the S&P 500.With $387.5 billion worth of assets under management, the SPDR S&P 500 ETF Trust might even be considered a mutual fund killer. At the very least, it can help non-professional investors avoid exorbitant fees.You might be ready to start buying SPY stock, but hold on. You wouldn’t want to buy something without knowing what you’re betting your hard-earned money on. With that in mind, let’s delve into a fabulous fund that might deserve a place in your portfolio.A Closer Look at SPY StockFirst and foremost, the SPDR S&P 500 ETF Trust pays a dividend yield that’s fairly similar to its underlying index. According to the fund’s website, the S&P 500’s annual dividend yield is 1.45%, while the fund distributes a yield of 1.34%.SPY stock’s five-year monthly beta is 1, which makes perfect sense. After all, beta refers to how fast an asset moves, in both directions, compared to the S&P 500 index. A beta of 1 means that the SPDR S&P 500 ETF Trust is moving as fast as the index, so that’s a good sign.Now, here’s one of my favorite things about this fund. It has one of the lowest expense ratios (basically, what the shareholders are paying the fund’s managers) in the business.Between the trustee’s fee, S&P license fee, marketing and other operating expenses, the SPDR S&P 500 ETF Trust’s total expense ratio is just 0.0945%. That’s less than a tenth of a percent, so as an investor, you probably won’t even notice it.What’s in the Fund?“Know what you own” is a wise old saying in the financial markets. So, it’s a good idea to learn about what’s in the SPDR S&P 500 ETF Trust before taking a position in it.When browsing through the fund’s components or holdings, one thing will stand out immediately. It’s undeniable: there are a lot of technology-focused businesses in the fund.Like the S&P 500 itself, SPY stock is market-capitalization-weighted. Therefore, the biggest companies will take up larger percentages of the fund.Interestingly, the top five holdings in the SPDR S&P 500 ETF Trust make up over 20% of the fund. Furthermore, they’re all technology companies.In order, the top five holdings are Apple(NASDAQ:AAPL), Microsoft(NASDAQ:MSFT), Amazon  (NASDAQ:AMZN) and Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) Class A and Class C shares.It might seem odd that Alphabet, the parent company of the Google search engine, gets to be numbers four and five on the list. Yet, that’s because the company offers two different types of stock shares, and they’re both quite popular.Also in the fund’s top-ten holdings are Meta Platforms (NASDAQ:FB) and Nvidia (NASDAQ:NVDA). Are you detecting a common theme here? These are all tech businesses, of course. Hence, you’d better be on board with technology-sector investing if you’re going to hold SPY stock.The Bottom LineSince it represents hundreds of companies, the SPDR S&P 500 ETF Trust does offer instant diversification.Yet, it’s also heavily weighted toward technology businesses. Some investors might take issue with this.That’s understandable, but SPY stock has its advantages. The funds’ fees are rock-bottom, and it does a commendable job of tracking the S&P 500. Thus, you can feel confident using a buy-and-hold strategy with the SPDR S&P 500 ETF Trust.","news_type":1},"isVote":1,"tweetType":1,"viewCount":255,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9031010991,"gmtCreate":1646381196566,"gmtModify":1676534124240,"author":{"id":"4108549010162030","authorId":"4108549010162030","name":"志冲斗牛","avatar":"https://static.itradeup.com/news/4443a3100c1d462665e8b22914e01407","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Pray for Ukraine","listText":"Pray for Ukraine","text":"Pray for Ukraine","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9031010991","repostId":"1115766956","repostType":4,"repost":{"id":"1115766956","pubTimestamp":1646371756,"share":"https://www.laohu8.com/m/news/1115766956?lang=&edition=full","pubTime":"2022-03-04 13:29","market":"other","language":"en","title":"Russia Keeps Stock Trading Closed in Nation’s Longest Shutdown","url":"https://stock-news.laohu8.com/highlight/detail?id=1115766956","media":"bloomberg","summary":"(Bloomberg) -- The Russian stock market will be closed to trading for a fifth straight day, marking ","content":"<html><head></head><body><p>(Bloomberg) -- The Russian stock market will be closed to trading for a fifth straight day, marking a record in the country’s modern history, in a continuing bid to stave off the impact of global sanctions for domestic investors.</p><p>Since the Moscow Exchange’s equity trading was last open a week ago, Russian stocks listed in London lost more than 90% of their value before getting suspended, global index providers announced plans to remove the nation’s shares from their indexes and European companies with business exposure to the country lost more than $100 billion in market value.</p><p>As a result of international sanctions over Russia’s invasion of Ukraine-- which hit everything from its ability to access foreign reserves to the SWIFT bank-messaging system -- uncertainty has gripped Russia’s markets across asset classes, with many investors deeming the nation “uninvestable.” Russia has promised to step in and prop up the equity market with up to $10 billion when it reopens.</p><p>The plunge in foreign-listed shares of Russian companies is an indicator of how local equity investors might react when Moscow trading resumes. The London Stock Exchange on Thursday suspended trading in dozens of Russian depositary receipts, citing the war in Ukraine and market conditions. MSCI Inc. and FTSE Russell on Wednesday said they would cut Russian equities from widely-tracked indexes.</p><p>Meanwhile, several exchange-traded funds were also suspended in the wake of the events. The creation of shares for the VanEck Russia ETF, the biggest ETF investing in Russia, has been halted until further notice, effectively stopping inflows into the fund. BlackRock Inc did the same with its iShares MSCI Russia ETF, among several other firms.</p><p><b>Not Unprecedented</b></p><p>While a rare occasion, countries have halted stock trading in the past due to unusual circumstances.</p><p>The New York Stock Exchange, London Stock Exchange and other bourses were shut in 2001 after the 9/11 attack. Trading in U.S. shares resumed after being closed for four trading days, with the S&amp;P 500 slumping about 5%.</p><p>Egypt’s stock exchange was closed for nearly two months in early 2011 amid protests that toppled President Hosni Mubarak’s 30-year regime. The shutdown followed a drop of 16% in the nation’s equities in just two days. And when the index reopened, the selloff resumed and the index ended up 49% down for that year.</p></body></html>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Russia Keeps Stock Trading Closed in Nation’s Longest Shutdown</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\">\nRussia Keeps Stock Trading Closed in Nation’s Longest Shutdown\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-04 13:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/russia-keeps-stock-trading-closed-050339744.html><strong>bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- The Russian stock market will be closed to trading for a fifth straight day, marking a record in the country’s modern history, in a continuing bid to stave off the impact of global ...</p>\n\n<a href=\"https://finance.yahoo.com/news/russia-keeps-stock-trading-closed-050339744.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RSX":"俄罗斯ETF-Market Vectors"},"source_url":"https://finance.yahoo.com/news/russia-keeps-stock-trading-closed-050339744.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115766956","content_text":"(Bloomberg) -- The Russian stock market will be closed to trading for a fifth straight day, marking a record in the country’s modern history, in a continuing bid to stave off the impact of global sanctions for domestic investors.Since the Moscow Exchange’s equity trading was last open a week ago, Russian stocks listed in London lost more than 90% of their value before getting suspended, global index providers announced plans to remove the nation’s shares from their indexes and European companies with business exposure to the country lost more than $100 billion in market value.As a result of international sanctions over Russia’s invasion of Ukraine-- which hit everything from its ability to access foreign reserves to the SWIFT bank-messaging system -- uncertainty has gripped Russia’s markets across asset classes, with many investors deeming the nation “uninvestable.” Russia has promised to step in and prop up the equity market with up to $10 billion when it reopens.The plunge in foreign-listed shares of Russian companies is an indicator of how local equity investors might react when Moscow trading resumes. The London Stock Exchange on Thursday suspended trading in dozens of Russian depositary receipts, citing the war in Ukraine and market conditions. MSCI Inc. and FTSE Russell on Wednesday said they would cut Russian equities from widely-tracked indexes.Meanwhile, several exchange-traded funds were also suspended in the wake of the events. The creation of shares for the VanEck Russia ETF, the biggest ETF investing in Russia, has been halted until further notice, effectively stopping inflows into the fund. BlackRock Inc did the same with its iShares MSCI Russia ETF, among several other firms.Not UnprecedentedWhile a rare occasion, countries have halted stock trading in the past due to unusual circumstances.The New York Stock Exchange, London Stock Exchange and other bourses were shut in 2001 after the 9/11 attack. Trading in U.S. shares resumed after being closed for four trading days, with the S&P 500 slumping about 5%.Egypt’s stock exchange was closed for nearly two months in early 2011 amid protests that toppled President Hosni Mubarak’s 30-year regime. The shutdown followed a drop of 16% in the nation’s equities in just two days. And when the index reopened, the selloff resumed and the index ended up 49% down for that year.","news_type":1},"isVote":1,"tweetType":1,"viewCount":228,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9031035552,"gmtCreate":1646380446412,"gmtModify":1676534124185,"author":{"id":"4108549010162030","authorId":"4108549010162030","name":"志冲斗牛","avatar":"https://static.itradeup.com/news/4443a3100c1d462665e8b22914e01407","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9031035552","repostId":"1119062210","repostType":2,"isVote":1,"tweetType":1,"viewCount":255,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9931594513,"gmtCreate":1662476617332,"gmtModify":1676537069273,"author":{"id":"4108549010162030","authorId":"4108549010162030","name":"志冲斗牛","avatar":"https://static.itradeup.com/news/4443a3100c1d462665e8b22914e01407","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"holding on to PLTR, but tread carefully&nbsp;","listText":"holding on to PLTR, but tread carefully&nbsp;","text":"holding on to PLTR, but tread carefully","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9931594513","repostId":"2264713810","repostType":2,"repost":{"id":"2264713810","pubTimestamp":1662422226,"share":"https://www.laohu8.com/m/news/2264713810?lang=&edition=full","pubTime":"2022-09-06 07:57","market":"us","language":"en","title":"Palantir: Down 80% - Move Slowly, Size Properly, And Diversify","url":"https://stock-news.laohu8.com/highlight/detail?id=2264713810","media":"Seeking Alpha","summary":"SummaryPalantir is down 80% from its all-time high.Investors getting back to even face a tough road ","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Palantir is down 80% from its all-time high.</li><li>Investors getting back to even face a tough road ahead.</li><li>Volatility can cloud judgment and amplifies emotions.</li><li>PLTR could be a Buy for certain investors; I&#39;m cautiously optimistic.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5161cf24383825916fdda5a8d1265e6a\" tg-width=\"1080\" tg-height=\"720\" referrerpolicy=\"no-referrer\"/><span>Maria Symchych-Navrotska</span></p><p><b>Down 80%</b></p><p>Palantir (NYSE:PLTR) is down 80% from its all-time high. Actually, to be very precise, PLTR is down 81%, but what&#39;s 1% between friends?</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/95e793f0a76a887f0d46cde8613a143b\" tg-width=\"1280\" tg-height=\"802\" referrerpolicy=\"no-referrer\"/><span>PLTR data by YCharts</span></p><p>So, what was happening back then?</p><ul><li>Palantir Technologiesbags new $22.5M contract in Japan</li><li>Fujitsu signs $8M contract as Palantir Foundry customer</li><li>Palantir selected to work on Army’s Ground Station modernization</li><li>Palantir announces multi-million dollar deal with PG&amp;E</li><li>Palantir shares surge 25% ahead of Demo Day</li></ul><p>It certainly wasn&#39;t all good news:</p><ul><li>Palantir cut to sell at Citi ahead of lockup, decelerating growth</li></ul><p>Yet, we were in the days of Wall Street Bets going wild. And, the key back in early 2021 was that PLTR was riding high on sentiment, <i>and retail</i>. At that point in time, few people were thinking about &#34;macro&#34; at all:</p><blockquote>Retail trading is definitely changing the way markets function, but what really seems to matter is that we now have a stock picker&#39;s market for the first time since the dot-com bubble. That means stocks may be less sensitive to the broader economy than they used to be, while the professionals need to pay attention to a new generation of investors that entered the scene after the rise of commission-free trading. Instead of following many of the upgrades and downgrades on Wall Street, they&#39;re doing their own research on platforms like Seeking Alpha, and signaling a new era to the DIY investing atmosphere.</blockquote><p>Of course, we know from even the most basic charts that retail went sour and macro has taken over for now: interest rates, inflation, war, just to name a few factors that have taken hold. I was rather clear about this in May 2022:</p><blockquote>The biggest macro story last year into this year was that growth was shifting to value. Of course, PLTR is clearly in the growth category. However, at this time, we have the perfect storm of inflation, supply chain issues, growth out of favor, and way more. Just about everything is against PLTR in the grand view.</blockquote><p><b>Are We Really Down 80%</b></p><p>This is where things get tricky. I&#39;m down about 35% because my cost basis is over $11. It&#39;s not too hard to mathematically figure out how far an investor is down. It&#39;s also not mathematically hard to figure out how much is required to get back to even. The problem is that it&#39;s psychologically difficult to put losses and gains together.Here&#39;s what I mean:</p><blockquote>One of the more compelling aspects of investing is the math of gains and losses. Very simply, a 50% gain does not allow a portfolio to recover from a 50% loss. In fact, a 100% gain is required to restore a 50% loss.</blockquote><p>Here&#39;s a compelling picture to better understand how this works:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3b77ef4ec0b7a3bd2e6445460fe02376\" tg-width=\"640\" tg-height=\"484\" referrerpolicy=\"no-referrer\"/><span>The Math of Recovery From a Portfolio Loss (Craig Israelsen, Ph.D.)</span></p><p>Importantly, this also applies to any individual stock. The math doesn&#39;t change because we&#39;re looking at the S&amp;P 500 (SPY) or PLTR.</p><p>Making this personal, I&#39;m down 35% so PLTR needs to gain about 54% from here for me to get back to even on my investment. As I&#39;m writing this up, PLTR is trading at $7.40 so I can multiply by 1.54 (i.e., 54%) to see that is how I get back to my cost basis of $11.40.</p><p>Again, I must stress that the math isn&#39;t too difficult. The decline is easy to calculate. And, the gain is easy to calculate. But, what happens is that we anchor to our starting price, so the recovery feels extra painful. Pain and pleasure are not symmetric.</p><blockquote>If there is a tiger chasing after you versus a suitcase full of money in front of you, which would motivate the average person to act quickly? Avoiding a certain amount of immediate pain wins over gaining immediate pleasure every time. Studies have demonstrated time and time again that people will do much more to avoid short-term pain than they will to gain short-term pleasure.</blockquote><p>This is why having a long-term view of an investment is so critical. The more you check your investments, like PLTR, the more likely you are to feel bad. This is true even when the stock is mostly going up, because every tick down is 2-3x more painful than one tick up. Furthermore, this also partially explains why it&#39;s critical to have a portfolio that makes you comfortable. In other words, diversification helps to moderate feelings because quite often at least some investments are going up.</p><p><b>Putting The &#34;Loss&#34; in Perspective</b></p><p>My little psychology lesson here is of paramount importance. If you believe that PLTR is a meme stock, then you will be thinking of PLTR as a short-term play. It&#39;s quite likely that selling will happen on big dips and it will be painful.</p><p>On the other hand, if you believe Alex Karp, in that PLTR is a long-term play, then your patience will grow dramatically.Hat Tip to Samuel Smith for clarifying this, in regards to Karp speaking at the World Economic Forum:</p><blockquote>Given the required scale, scope, and strength of enterprise software products, PLTR typically takes up to 5 years to fully build them. As a result, the true value of PLTR at any point in time is often never fully appreciated until ~5 years down the road. The bright side of this, however, is that due to the length of time required for fully building and implementing a new enterprise software product, they often have even longer durations in the marketplace.</blockquote><p>I don&#39;t think I&#39;ve ever really made the case that PLTR was a short play. My minimum is nearly always 2-3 years, often much longer. When you buy PLTR, you better plan on holding a long time or you&#39;ll almost certainly be selling.</p><p>Here, let me help you with that using a simple visual.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bdb4a1bd8a48e99a7dde89069d38ff1f\" tg-width=\"1280\" tg-height=\"826\" referrerpolicy=\"no-referrer\"/><span>PLTR 30-Day Rolling Volatility data by YCharts</span></p><p>That&#39;s volatility and it will shake weak hands, forcing them to sell. That&#39;s the fear part of volatility. But keep in mind that volatility also generates greed. When the price is rising like crazy the herd jumps on board:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/06bef574ff547e600696e1a28b73f598\" tg-width=\"640\" tg-height=\"177\" referrerpolicy=\"no-referrer\"/><span>25% PLTR Share Price Gain Without Any Catalysts (Seeking Alpha)</span></p><p>No new catalysts? That&#39;s not entirely true because we know from the title that this was on the cusp of PLTR&#39;s Demo Day. Emotions. Sentiment. Yes, that&#39;s absolutely true, <i>and the expectations of the herd itself was the catalyst</i>. Although, to be clear, and fair, there was no tangible catalyst on July 22nd, 2021. In any event, we know PLTR will vacillate. I see no reason why this will not continue so &#34;Fair Warning!&#34; is issued again: <i>Here There Be Volatility</i>.</p><p><b>Wrap Up</b></p><p>Most investors holding PLTR are holding onto a capital loss. The downside is the difficult problem of getting back to even, or even moving into the green. We&#39;re all looking to win, right?</p><p>The upside is that it&#39;s now a bit easier to understand PLTR&#39;s price action, with a reference to volatility. Furthermore, it&#39;s a wee bit more simple to know what it will take to get to even, at least in terms of the financials.</p><p>What are the catalysts?Q2 2022 tells us quite a bit:</p><ul><li>Overall Revenue Growth (i.e., $473 million in Q2 2022)</li><li>Customer Count Increases (e.g., Q2 2022 count up to 304 from 169 YoY)</li><li>TAM Expansion (i.e., Gotham, Foundry, Apollo all open for expansion)</li><li>New Products (e.g., Edge AI, HyperAuto, OPIs, Cosmos, Pipeline Builder)</li><li>Developer Community (e.g., Foundry Docs, APIs public, Content Creators)</li></ul><p>Of course, I&#39;m still frustrated by stock-based compensation. Just look up some of my PLTR articles. It comes up many times. But, I also note that I expect that to burn down a lot over the next 2-3 years. We&#39;ll see.</p><p>While I do think that PLTR&#39;s 30% growth is at risk, I said this too:</p><blockquote>I believe that PLTR is still a Hold. Furthermore, I would not consider buying unless we see the price dip below $8, although that might not be low enough to get me to pull the trigger. We&#39;re in rough waters right now. But, again, I do think this is very unique and special company, that should do well over the very long term.</blockquote><p>The company isn&#39;t going bankrupt, or anything remotely that silly. And, we are below $8 at this time. I&#39;m going to very, very cautiously issue a &#34;Buy&#34; of PLTR at this point, for those investors looking to lower their cost basis, and also for those investors who want to tip toe into the company. Tread carefully. Move slowly. Size properly, and be sure to diversify as appropriate for your risk tolerance and portfolio composition.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Palantir: Down 80% - Move Slowly, Size Properly, And Diversify</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPalantir: Down 80% - Move Slowly, Size Properly, And Diversify\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-06 07:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4538855-palantir-down-80-percent-move-slowly-size-properly-and-diversify><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryPalantir is down 80% from its all-time high.Investors getting back to even face a tough road ahead.Volatility can cloud judgment and amplifies emotions.PLTR could be a Buy for certain investors...</p>\n\n<a href=\"https://seekingalpha.com/article/4538855-palantir-down-80-percent-move-slowly-size-properly-and-diversify\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLTR":"Palantir Technologies Inc."},"source_url":"https://seekingalpha.com/article/4538855-palantir-down-80-percent-move-slowly-size-properly-and-diversify","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2264713810","content_text":"SummaryPalantir is down 80% from its all-time high.Investors getting back to even face a tough road ahead.Volatility can cloud judgment and amplifies emotions.PLTR could be a Buy for certain investors; I'm cautiously optimistic.Maria Symchych-NavrotskaDown 80%Palantir (NYSE:PLTR) is down 80% from its all-time high. Actually, to be very precise, PLTR is down 81%, but what's 1% between friends?PLTR data by YChartsSo, what was happening back then?Palantir Technologiesbags new $22.5M contract in JapanFujitsu signs $8M contract as Palantir Foundry customerPalantir selected to work on Army’s Ground Station modernizationPalantir announces multi-million dollar deal with PG&EPalantir shares surge 25% ahead of Demo DayIt certainly wasn't all good news:Palantir cut to sell at Citi ahead of lockup, decelerating growthYet, we were in the days of Wall Street Bets going wild. And, the key back in early 2021 was that PLTR was riding high on sentiment, and retail. At that point in time, few people were thinking about \"macro\" at all:Retail trading is definitely changing the way markets function, but what really seems to matter is that we now have a stock picker's market for the first time since the dot-com bubble. That means stocks may be less sensitive to the broader economy than they used to be, while the professionals need to pay attention to a new generation of investors that entered the scene after the rise of commission-free trading. Instead of following many of the upgrades and downgrades on Wall Street, they're doing their own research on platforms like Seeking Alpha, and signaling a new era to the DIY investing atmosphere.Of course, we know from even the most basic charts that retail went sour and macro has taken over for now: interest rates, inflation, war, just to name a few factors that have taken hold. I was rather clear about this in May 2022:The biggest macro story last year into this year was that growth was shifting to value. Of course, PLTR is clearly in the growth category. However, at this time, we have the perfect storm of inflation, supply chain issues, growth out of favor, and way more. Just about everything is against PLTR in the grand view.Are We Really Down 80%This is where things get tricky. I'm down about 35% because my cost basis is over $11. It's not too hard to mathematically figure out how far an investor is down. It's also not mathematically hard to figure out how much is required to get back to even. The problem is that it's psychologically difficult to put losses and gains together.Here's what I mean:One of the more compelling aspects of investing is the math of gains and losses. Very simply, a 50% gain does not allow a portfolio to recover from a 50% loss. In fact, a 100% gain is required to restore a 50% loss.Here's a compelling picture to better understand how this works:The Math of Recovery From a Portfolio Loss (Craig Israelsen, Ph.D.)Importantly, this also applies to any individual stock. The math doesn't change because we're looking at the S&P 500 (SPY) or PLTR.Making this personal, I'm down 35% so PLTR needs to gain about 54% from here for me to get back to even on my investment. As I'm writing this up, PLTR is trading at $7.40 so I can multiply by 1.54 (i.e., 54%) to see that is how I get back to my cost basis of $11.40.Again, I must stress that the math isn't too difficult. The decline is easy to calculate. And, the gain is easy to calculate. But, what happens is that we anchor to our starting price, so the recovery feels extra painful. Pain and pleasure are not symmetric.If there is a tiger chasing after you versus a suitcase full of money in front of you, which would motivate the average person to act quickly? Avoiding a certain amount of immediate pain wins over gaining immediate pleasure every time. Studies have demonstrated time and time again that people will do much more to avoid short-term pain than they will to gain short-term pleasure.This is why having a long-term view of an investment is so critical. The more you check your investments, like PLTR, the more likely you are to feel bad. This is true even when the stock is mostly going up, because every tick down is 2-3x more painful than one tick up. Furthermore, this also partially explains why it's critical to have a portfolio that makes you comfortable. In other words, diversification helps to moderate feelings because quite often at least some investments are going up.Putting The \"Loss\" in PerspectiveMy little psychology lesson here is of paramount importance. If you believe that PLTR is a meme stock, then you will be thinking of PLTR as a short-term play. It's quite likely that selling will happen on big dips and it will be painful.On the other hand, if you believe Alex Karp, in that PLTR is a long-term play, then your patience will grow dramatically.Hat Tip to Samuel Smith for clarifying this, in regards to Karp speaking at the World Economic Forum:Given the required scale, scope, and strength of enterprise software products, PLTR typically takes up to 5 years to fully build them. As a result, the true value of PLTR at any point in time is often never fully appreciated until ~5 years down the road. The bright side of this, however, is that due to the length of time required for fully building and implementing a new enterprise software product, they often have even longer durations in the marketplace.I don't think I've ever really made the case that PLTR was a short play. My minimum is nearly always 2-3 years, often much longer. When you buy PLTR, you better plan on holding a long time or you'll almost certainly be selling.Here, let me help you with that using a simple visual.PLTR 30-Day Rolling Volatility data by YChartsThat's volatility and it will shake weak hands, forcing them to sell. That's the fear part of volatility. But keep in mind that volatility also generates greed. When the price is rising like crazy the herd jumps on board:25% PLTR Share Price Gain Without Any Catalysts (Seeking Alpha)No new catalysts? That's not entirely true because we know from the title that this was on the cusp of PLTR's Demo Day. Emotions. Sentiment. Yes, that's absolutely true, and the expectations of the herd itself was the catalyst. Although, to be clear, and fair, there was no tangible catalyst on July 22nd, 2021. In any event, we know PLTR will vacillate. I see no reason why this will not continue so \"Fair Warning!\" is issued again: Here There Be Volatility.Wrap UpMost investors holding PLTR are holding onto a capital loss. The downside is the difficult problem of getting back to even, or even moving into the green. We're all looking to win, right?The upside is that it's now a bit easier to understand PLTR's price action, with a reference to volatility. Furthermore, it's a wee bit more simple to know what it will take to get to even, at least in terms of the financials.What are the catalysts?Q2 2022 tells us quite a bit:Overall Revenue Growth (i.e., $473 million in Q2 2022)Customer Count Increases (e.g., Q2 2022 count up to 304 from 169 YoY)TAM Expansion (i.e., Gotham, Foundry, Apollo all open for expansion)New Products (e.g., Edge AI, HyperAuto, OPIs, Cosmos, Pipeline Builder)Developer Community (e.g., Foundry Docs, APIs public, Content Creators)Of course, I'm still frustrated by stock-based compensation. Just look up some of my PLTR articles. It comes up many times. But, I also note that I expect that to burn down a lot over the next 2-3 years. We'll see.While I do think that PLTR's 30% growth is at risk, I said this too:I believe that PLTR is still a Hold. Furthermore, I would not consider buying unless we see the price dip below $8, although that might not be low enough to get me to pull the trigger. We're in rough waters right now. But, again, I do think this is very unique and special company, that should do well over the very long term.The company isn't going bankrupt, or anything remotely that silly. And, we are below $8 at this time. I'm going to very, very cautiously issue a \"Buy\" of PLTR at this point, for those investors looking to lower their cost basis, and also for those investors who want to tip toe into the company. Tread carefully. Move slowly. Size properly, and be sure to diversify as appropriate for your risk tolerance and portfolio composition.","news_type":1},"isVote":1,"tweetType":1,"viewCount":120,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9901607595,"gmtCreate":1659176629317,"gmtModify":1676536269132,"author":{"id":"4108549010162030","authorId":"4108549010162030","name":"志冲斗牛","avatar":"https://static.itradeup.com/news/4443a3100c1d462665e8b22914e01407","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Thanks for the share","listText":"Thanks for the share","text":"Thanks for the share","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9901607595","repostId":"2255055705","repostType":4,"isVote":1,"tweetType":1,"viewCount":270,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9075268764,"gmtCreate":1658205445058,"gmtModify":1676536122310,"author":{"id":"4108549010162030","authorId":"4108549010162030","name":"志冲斗牛","avatar":"https://static.itradeup.com/news/4443a3100c1d462665e8b22914e01407","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Like&nbsp;","listText":"Like&nbsp;","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9075268764","repostId":"1141191666","repostType":4,"isVote":1,"tweetType":1,"viewCount":199,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9076380005,"gmtCreate":1657792337207,"gmtModify":1676536062570,"author":{"id":"4108549010162030","authorId":"4108549010162030","name":"志冲斗牛","avatar":"https://static.itradeup.com/news/4443a3100c1d462665e8b22914e01407","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Interesting","listText":"Interesting","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9076380005","repostId":"1174191896","repostType":2,"isVote":1,"tweetType":1,"viewCount":292,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9051080097,"gmtCreate":1654608856319,"gmtModify":1676535477148,"author":{"id":"4108549010162030","authorId":"4108549010162030","name":"志冲斗牛","avatar":"https://static.itradeup.com/news/4443a3100c1d462665e8b22914e01407","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Thanks","listText":"Thanks","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9051080097","repostId":"2241302751","repostType":4,"isVote":1,"tweetType":1,"viewCount":145,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9051014719,"gmtCreate":1654608768531,"gmtModify":1676535477124,"author":{"id":"4108549010162030","authorId":"4108549010162030","name":"志冲斗牛","avatar":"https://static.itradeup.com/news/4443a3100c1d462665e8b22914e01407","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"thanks","listText":"thanks","text":"thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9051014719","repostId":"2241021019","repostType":2,"isVote":1,"tweetType":1,"viewCount":107,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9991010442,"gmtCreate":1660747102488,"gmtModify":1676536391164,"author":{"id":"4108549010162030","authorId":"4108549010162030","name":"志冲斗牛","avatar":"https://static.itradeup.com/news/4443a3100c1d462665e8b22914e01407","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"i believe it's still a potential stock for long term investment.","listText":"i believe it's still a potential stock for long term investment.","text":"i believe it's still a potential stock for long term investment.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9991010442","repostId":"2259007017","repostType":2,"isVote":1,"tweetType":1,"viewCount":124,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9078043468,"gmtCreate":1657603232554,"gmtModify":1676536033385,"author":{"id":"4108549010162030","authorId":"4108549010162030","name":"志冲斗牛","avatar":"https://static.itradeup.com/news/4443a3100c1d462665e8b22914e01407","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Good info","listText":"Good info","text":"Good 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