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2022-04-30

[Cry]

US STOCKS-Wall Street Closes Sharply Lower on Amazon Slump, Inflation Worries

2022-07-10

[Duh]

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2022-05-16

Great ariticle, would you like to share it?

3 High-Yield Dividend Stocks That Can Turn $300,000 Into $1 Million by 2030

2022-07-26

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2022-05-29

[lovely]

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2022-08-22

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2022-06-29

[Duh]

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2022-05-07

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2022-08-18

[Facepalm]

Largest Bitcoin Miners Lost Over $1 Billion During Crypto Crash

2022-08-14

[Surprised]

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2022-06-24

[Miser]

Is Now A Good Time To Buy Apple Stock As It Dips?

2022-06-12

[Grin]

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2022-05-19

[Cry]

The Twitter-Tesla Downturn Is Merely The Start

2022-08-08

[Grin]

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2022-07-30

[Sly]

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2022-07-29

[Sly]

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2022-07-18

[Thinking]

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2022-07-10

[Cool]

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2022-05-09

[Surprised]

Tesla: Overvalued By 85.26% And Not A Technology Company

2022-04-21

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23:02","market":"us","language":"en","title":"Largest Bitcoin Miners Lost Over $1 Billion During Crypto Crash","url":"https://stock-news.laohu8.com/highlight/detail?id=1121666838","media":"Bloomberg","summary":"Top three US publicly-traded miners hit by impairment chargesCompanies turn to more debt, sales of m","content":"<html><head></head><body><ul><li>Top three US publicly-traded miners hit by impairment charges</li><li>Companies turn to more debt, sales of machines for liquidity</li></ul><p>The three-largest US publicly traded Bitcoin mining companies lost more than $1 billion in the second quarter after taking a series of impairment charges spurred by the collapse of cryptocurrency prices.</p><p>Core Scientific Inc.,Marathon Digital Holdings Inc.and Riot Blockchain Inc. posted net losses of $862 million, $192 million and $366 million, respectively, in the three months ended June 30, recent quarterly earnings reports show. Other significant miners such asBitfarms Ltd.andGreenidge Generation Holdings Inc., which reported results Monday, were also forced to write down the value of their holdings in the wake of the almost 60% drop in the price of Bitcoin during the quarter.</p><p>While the shares of crypto-mining companies have enjoyed a respite in recent weeks, they are still deep in the red this year. The miners had to shift from their Bitcoin-hoarding positions and sell coins as they struggled to repay debt and cover operational costs in the recent quarter. That continued into the third quarter.</p><p>“Public miners are still dumping their Bitcoin holdings at a higher rate than their production rate,” Jarand Mellerud, an analyst at Arcane Crypto, wrote in a research note. “Public miners sold 6,200 coins in July, making July the second highest BTC selling month in 2022.”</p><p>The miners weren’t the only industry participants to take significant hits last quarter.Coinbase Global Inc.,the largest US crypto exchange, registered a $1.1 billion loss, whileMicroStrategy Inc.also had a net loss of more than $1 billion.</p><p><img src=\"https://static.tigerbbs.com/44b2c1fa3cfe323160b0ef0dc58a4876\" tg-width=\"649\" tg-height=\"405\" referrerpolicy=\"no-referrer\"/></p><p>Top public miners sold 14,600 coins in June whereas they produced 3,900, Mellerud said. Core Scientific sold nearly 80% of its coins to cover operational costs and fund expansion in June. Bitfarms sold nearly half of its holdings to pay down a $100 million loan in the same month.</p><p>The miners are raising more debt and sell their holdings and mining rigs to stay afloat. Marathonaddedan additional $100 million term loan with crypto-friendly bank Silvergate Capital Corp., while refinancing its existing $100 million line of credit in July. The miner also sold its mining rigs for $58 million. Core Scientific hasentereda $100 million common stock purchase agreement with B. Riley Principal Capital II.</p><p>TheUS Securities and Exchange Commissionhas told public companies with large Bitcoin holdings on their balance sheets they can’t strip out the price swings while disclosing results. The losses aren’t realized unless there is an actual sale of the tokens.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Largest Bitcoin Miners Lost Over $1 Billion During Crypto Crash</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\">\nLargest Bitcoin Miners Lost Over $1 Billion During Crypto Crash\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-17 23:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-08-16/largest-bitcoin-miners-lost-over-1-billion-during-crypto-crash?srnd=cryptocurrencies-v2><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Top three US publicly-traded miners hit by impairment chargesCompanies turn to more debt, sales of machines for liquidityThe three-largest US publicly traded Bitcoin mining companies lost more than $1...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-08-16/largest-bitcoin-miners-lost-over-1-billion-during-crypto-crash?srnd=cryptocurrencies-v2\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CORZ":"Core Scientific, Inc.","RIOT":"Riot Platforms","MARA":"Marathon Digital Holdings Inc"},"source_url":"https://www.bloomberg.com/news/articles/2022-08-16/largest-bitcoin-miners-lost-over-1-billion-during-crypto-crash?srnd=cryptocurrencies-v2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121666838","content_text":"Top three US publicly-traded miners hit by impairment chargesCompanies turn to more debt, sales of machines for liquidityThe three-largest US publicly traded Bitcoin mining companies lost more than $1 billion in the second quarter after taking a series of impairment charges spurred by the collapse of cryptocurrency prices.Core Scientific Inc.,Marathon Digital Holdings Inc.and Riot Blockchain Inc. posted net losses of $862 million, $192 million and $366 million, respectively, in the three months ended June 30, recent quarterly earnings reports show. Other significant miners such asBitfarms Ltd.andGreenidge Generation Holdings Inc., which reported results Monday, were also forced to write down the value of their holdings in the wake of the almost 60% drop in the price of Bitcoin during the quarter.While the shares of crypto-mining companies have enjoyed a respite in recent weeks, they are still deep in the red this year. The miners had to shift from their Bitcoin-hoarding positions and sell coins as they struggled to repay debt and cover operational costs in the recent quarter. That continued into the third quarter.“Public miners are still dumping their Bitcoin holdings at a higher rate than their production rate,” Jarand Mellerud, an analyst at Arcane Crypto, wrote in a research note. “Public miners sold 6,200 coins in July, making July the second highest BTC selling month in 2022.”The miners weren’t the only industry participants to take significant hits last quarter.Coinbase Global Inc.,the largest US crypto exchange, registered a $1.1 billion loss, whileMicroStrategy Inc.also had a net loss of more than $1 billion.Top public miners sold 14,600 coins in June whereas they produced 3,900, Mellerud said. Core Scientific sold nearly 80% of its coins to cover operational costs and fund expansion in June. Bitfarms sold nearly half of its holdings to pay down a $100 million loan in the same month.The miners are raising more debt and sell their holdings and mining rigs to stay afloat. Marathonaddedan additional $100 million term loan with crypto-friendly bank Silvergate Capital Corp., while refinancing its existing $100 million line of credit in July. The miner also sold its mining rigs for $58 million. Core Scientific hasentereda $100 million common stock purchase agreement with B. Riley Principal Capital II.TheUS Securities and Exchange Commissionhas told public companies with large Bitcoin holdings on their balance sheets they can’t strip out the price swings while disclosing results. The losses aren’t realized unless there is an actual sale of the 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14:02","market":"us","language":"en","title":"5 Stocks Warren Buffett Has Piled Into as Inflation Skyrockets","url":"https://stock-news.laohu8.com/highlight/detail?id=2254387941","media":"Motley Fool","summary":"A historically high U.S. inflation rate of 9.1% hasn't stopped the Oracle of Omaha from putting his company's cash to work in five stocks.","content":"<html><head></head><body><p><b>Berkshire Hathaway</b> CEO Warren Buffett has a knack for making money. Since taking the reins in 1965, he&#39;s created more than $630 billion in value for shareholders (himself included), as well as delivered a return of 3,641,613% for his company&#39;s Class A shareholders (BRK.A), as of Dec. 31, 2021.</p><p>Having invested for longer than most Americans have been alive, the Oracle of Omaha has seen just about everything. He&#39;s lived through more than a dozen recessions, as well as 39 double-digit pullbacks in the benchmark <b>S&amp;P 500</b> since the beginning of 1950. There&#39;s not a thing Wall Street or the U.S. economy can throw Buffett&#39;s way that&#39;ll scare him or his investing team to the sidelines.</p><p><img src=\"https://static.tigerbbs.com/97eb5722276a5bb799ff28af37b31a3f\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"/></p><p>A perfect case in point is the United States&#39; historically high inflation rate of 9.1%, as of June 2022. Despite the price for goods and services rising at the quickest pace in four decades, Warren Buffett has been aggressively putting his company&#39;s capital to work in a number of stocks. What follows are five stocks Buffett has piled into as inflation soars.</p><h2>Chevron &amp; Occidental Petroleum</h2><p>The first two stocks Warren Buffett has been buying hand over fist as inflation skyrockets are energy giants <b>Chevron</b> and <b>Occidental</b> <b>Petroleum</b>. I&#39;m discussing both companies together because their operating models are extremely similar, and Buffett&#39;s reasoning for piling into these companies is as well.</p><p>During the first quarter, Berkshire Hathaway added slightly more than 120.9 million shares of Chevron, making it the fifth-largest position in Buffett&#39;s portfolio, as of July 22. Meanwhile, the share-buying of Occidental Petroleum has been more methodical, with Berkshire Hathaway filing paperwork with the Securities and Exchange Commission (SEC) seemingly every couple of weeks to note a new purchase. Close to 50 million total shares of Occidental have been bought by Buffett&#39;s company since the end of the first quarter.</p><p>With inflation at a 40-year high, buying mammoth stakes in Chevron and Occidental Petroleum likely signals that Buffett and his investing team expect oil, natural gas, and natural gas liquid prices to remain elevated for an extended period of time. Both Chevron and Occidental generate their juiciest operating margins from their upstream drilling segments. In other words, these stocks are a way to take advantage of sustainably higher energy commodity prices.</p><p>Chevron and Occidental also happen to be integrated oil stocks. This means that, in addition to their prized upstream assets, they have midstream (e.g., transmission pipelines and/or storage) and downstream assets (refineries and/or chemical plants). If and when the price of energy commodities falls, downstream assets benefit from lower input costs and higher demand. Meanwhile, midstream assets often have fixed-fee or volume-based deals in place, which are generally immune to wild swings in commodity prices.</p><p>The one thing to note that is different about Chevron and Occidental is their respective balance sheets. Chevron has among the lowest debt-to-equity ratios in the oil industry, whereas Occidental was buried in debt following its acquisition of Anadarko in 2019.</p><p><img src=\"https://static.tigerbbs.com/44a30c4dfd6886a29e22d3c6558c3e56\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"/></p><h2>Citigroup &amp; Ally Financial</h2><p>The third and fourth stocks Warren Buffett has been piling into as inflation ascends to historic highs are bank stocks <b>Citigroup</b> and <b>Ally Financial</b>. Yet again I&#39;ve chosen to discuss two companies at once because the thesis behind Buffett&#39;s purchases should be nearly identical for both stocks.</p><p>During the first quarter, Berkshire Hathaway gobbled up more than 55.1 million shares of Citigroup, as well as nearly 9 million shares of Ally Financial. The Ally position is reasonably small (it was worth about $300 million as of this past weekend), with the Citigroup stake nearing $2.9 billion.</p><p>Under normal circumstances, buying bank stocks with fears of a recession looming wouldn&#39;t be an advisable strategy. That&#39;s because banks typically face a double whammy when a recession strikes. First, they contend with rising loan delinquencies as economic weakness weighs on consumers and businesses. Second, the Federal Reserve would often come to the rescue by lowering interest rates to encourage lending. Lower interest rates reduce the net interest income-earning potential of banks.</p><p>But this time really is different. With inflation soaring, the nation&#39;s central bank has no choice but to aggressively increase its federal funds target rate to get rising prices under control. Even though loan delinquencies could rise and Citigroup and Ally Financial could be inclined to set aside capital for loan losses, both banks should benefit from higher net-interest income as a result of the Fed&#39;s hawkish monetary policy shift.</p><p>Warren Buffett is also a big fan of playing a simple numbers game that favors the patient. You see, bank stocks like Citigroup and Ally Financial are cyclical. When the economy struggles, banks struggle. Conversely, when the U.S. and global economy are firing on all cylinders, banks are typically growing their loans and deposits.</p><p>The thing is, recessions only last for a couple of quarters, whereas periods of economic expansion can go on for years. Buying shares of Citigroup and Ally Financial is a smart way of taking advantage of this simple numbers game and benefiting from the natural expansion of the U.S. and global economy.</p><h2>Activision Blizzard</h2><p>The fifth stock Warren Buffett has piled into as inflation skyrockets is gaming company <b>Activision Blizzard</b>. Although Berkshire ended the first quarter with an 8.2% stake in Activision, the Oracle of Omaha noted during his company&#39;s annual shareholder meeting in late April that this position had grown to 9.5%. A 9.5% stake would mean Berkshire owns around 74 million shares.</p><p>The Activision Blizzard stake is nothing short of a head-scratcher -- until you dig a bit deeper. I say this because Buffett isn&#39;t known for investing in tech stocks -- especially tech stocks focused on gaming. Personally, I&#39;d be surprised if the Oracle of Omaha could name a single gaming franchise that drives Activision&#39;s top line.</p><p>So, &#34;Why Activision?&#34; The simple answer is the arbitrage opportunity. In mid-January, <b>Microsoft</b> announced an all-cash offer to acquire Activision for $95 per share. Microsoft already has a sizable gaming presence; however, it&#39;s likely angling to use Activision as its on-ramp to the metaverse.</p><p>What makes this deal so appealing to Buffett is how far below the all-cash offer price Activision has traded. As of this past weekend, shares of the gaming company were roughly 20% below Microsoft&#39;s buyout price. While there&#39;s some concern about whether international regulators will allow the deal to close, a completed buyout would result in a 20% gain from current levels. A 20% return in a year or less would put even historically high inflation in its place.</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>5 Stocks Warren Buffett Has Piled Into as Inflation Skyrockets</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\">\n5 Stocks Warren Buffett Has Piled Into as Inflation Skyrockets\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-28 14:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/07/27/5-stocks-warren-buffett-piled-into-inflation-soars/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Berkshire Hathaway CEO Warren Buffett has a knack for making money. Since taking the reins in 1965, he's created more than $630 billion in value for shareholders (himself included), as well as ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/07/27/5-stocks-warren-buffett-piled-into-inflation-soars/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ALLY":"Ally Financial Inc.","OXY":"西方石油","CVX":"雪佛龙","C":"花旗","ATVI":"动视暴雪"},"source_url":"https://www.fool.com/investing/2022/07/27/5-stocks-warren-buffett-piled-into-inflation-soars/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2254387941","content_text":"Berkshire Hathaway CEO Warren Buffett has a knack for making money. Since taking the reins in 1965, he's created more than $630 billion in value for shareholders (himself included), as well as delivered a return of 3,641,613% for his company's Class A shareholders (BRK.A), as of Dec. 31, 2021.Having invested for longer than most Americans have been alive, the Oracle of Omaha has seen just about everything. He's lived through more than a dozen recessions, as well as 39 double-digit pullbacks in the benchmark S&P 500 since the beginning of 1950. There's not a thing Wall Street or the U.S. economy can throw Buffett's way that'll scare him or his investing team to the sidelines.A perfect case in point is the United States' historically high inflation rate of 9.1%, as of June 2022. Despite the price for goods and services rising at the quickest pace in four decades, Warren Buffett has been aggressively putting his company's capital to work in a number of stocks. What follows are five stocks Buffett has piled into as inflation soars.Chevron & Occidental PetroleumThe first two stocks Warren Buffett has been buying hand over fist as inflation skyrockets are energy giants Chevron and Occidental Petroleum. I'm discussing both companies together because their operating models are extremely similar, and Buffett's reasoning for piling into these companies is as well.During the first quarter, Berkshire Hathaway added slightly more than 120.9 million shares of Chevron, making it the fifth-largest position in Buffett's portfolio, as of July 22. Meanwhile, the share-buying of Occidental Petroleum has been more methodical, with Berkshire Hathaway filing paperwork with the Securities and Exchange Commission (SEC) seemingly every couple of weeks to note a new purchase. Close to 50 million total shares of Occidental have been bought by Buffett's company since the end of the first quarter.With inflation at a 40-year high, buying mammoth stakes in Chevron and Occidental Petroleum likely signals that Buffett and his investing team expect oil, natural gas, and natural gas liquid prices to remain elevated for an extended period of time. Both Chevron and Occidental generate their juiciest operating margins from their upstream drilling segments. In other words, these stocks are a way to take advantage of sustainably higher energy commodity prices.Chevron and Occidental also happen to be integrated oil stocks. This means that, in addition to their prized upstream assets, they have midstream (e.g., transmission pipelines and/or storage) and downstream assets (refineries and/or chemical plants). If and when the price of energy commodities falls, downstream assets benefit from lower input costs and higher demand. Meanwhile, midstream assets often have fixed-fee or volume-based deals in place, which are generally immune to wild swings in commodity prices.The one thing to note that is different about Chevron and Occidental is their respective balance sheets. Chevron has among the lowest debt-to-equity ratios in the oil industry, whereas Occidental was buried in debt following its acquisition of Anadarko in 2019.Citigroup & Ally FinancialThe third and fourth stocks Warren Buffett has been piling into as inflation ascends to historic highs are bank stocks Citigroup and Ally Financial. Yet again I've chosen to discuss two companies at once because the thesis behind Buffett's purchases should be nearly identical for both stocks.During the first quarter, Berkshire Hathaway gobbled up more than 55.1 million shares of Citigroup, as well as nearly 9 million shares of Ally Financial. The Ally position is reasonably small (it was worth about $300 million as of this past weekend), with the Citigroup stake nearing $2.9 billion.Under normal circumstances, buying bank stocks with fears of a recession looming wouldn't be an advisable strategy. That's because banks typically face a double whammy when a recession strikes. First, they contend with rising loan delinquencies as economic weakness weighs on consumers and businesses. Second, the Federal Reserve would often come to the rescue by lowering interest rates to encourage lending. Lower interest rates reduce the net interest income-earning potential of banks.But this time really is different. With inflation soaring, the nation's central bank has no choice but to aggressively increase its federal funds target rate to get rising prices under control. Even though loan delinquencies could rise and Citigroup and Ally Financial could be inclined to set aside capital for loan losses, both banks should benefit from higher net-interest income as a result of the Fed's hawkish monetary policy shift.Warren Buffett is also a big fan of playing a simple numbers game that favors the patient. You see, bank stocks like Citigroup and Ally Financial are cyclical. When the economy struggles, banks struggle. Conversely, when the U.S. and global economy are firing on all cylinders, banks are typically growing their loans and deposits.The thing is, recessions only last for a couple of quarters, whereas periods of economic expansion can go on for years. Buying shares of Citigroup and Ally Financial is a smart way of taking advantage of this simple numbers game and benefiting from the natural expansion of the U.S. and global economy.Activision BlizzardThe fifth stock Warren Buffett has piled into as inflation skyrockets is gaming company Activision Blizzard. Although Berkshire ended the first quarter with an 8.2% stake in Activision, the Oracle of Omaha noted during his company's annual shareholder meeting in late April that this position had grown to 9.5%. A 9.5% stake would mean Berkshire owns around 74 million shares.The Activision Blizzard stake is nothing short of a head-scratcher -- until you dig a bit deeper. I say this because Buffett isn't known for investing in tech stocks -- especially tech stocks focused on gaming. Personally, I'd be surprised if the Oracle of Omaha could name a single gaming franchise that drives Activision's top line.So, \"Why Activision?\" The simple answer is the arbitrage opportunity. In mid-January, Microsoft announced an all-cash offer to acquire Activision for $95 per share. Microsoft already has a sizable gaming presence; however, it's likely angling to use Activision as its on-ramp to the metaverse.What makes this deal so appealing to Buffett is how far below the all-cash offer price Activision has traded. As of this past weekend, shares of the gaming company were roughly 20% below Microsoft's buyout price. While there's some concern about whether international regulators will allow the deal to close, a completed buyout would result in a 20% gain from current levels. A 20% return in a year or less would put even historically high inflation in its place.","news_type":1},"isVote":1,"tweetType":1,"viewCount":133,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9903862788,"gmtCreate":1659005865344,"gmtModify":1676536242553,"author":{"id":"4110782621739822","authorId":"4110782621739822","name":"oppayong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4110782621739822","authorIdStr":"4110782621739822"},"themes":[],"htmlText":"[Sly]&nbsp;","listText":"[Sly]&nbsp;","text":"[Sly]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9903862788","repostId":"1179137005","repostType":4,"repost":{"id":"1179137005","kind":"news","pubTimestamp":1659004223,"share":"https://ttm.financial/m/news/1179137005?lang=&edition=fundamental","pubTime":"2022-07-28 18:30","market":"sg","language":"en","title":"Singapore Airlines Swings to Profit as Demand Roars Back","url":"https://stock-news.laohu8.com/highlight/detail?id=1179137005","media":"Bloomberg","summary":"Capacity seen rising to 68% pre-Covid levels in second quarterHigh fuel costs, slowing economic grow","content":"<html><head></head><body><ul><li>Capacity seen rising to 68% pre-Covid levels in second quarter</li><li>High fuel costs, slowing economic growth are risks to recovery</li></ul><p><a href=\"https://laohu8.com/S/C6L.SI\">Singapore Airlines Ltd.</a> swung to a profit in the three months through June, as the end of travel restrictions across most of the world sparked a surge in demand for flights.</p><p>The airline said in a statement Thursday that it posted net income of S$370 million ($268 million) in the quarter, compared with a loss of S$409 million in the same period in 2021. Revenue came in at S$3.91 billion versus S$1.3 billion a year earlier.</p><p>Passenger load factor rose 34.1 percentage points to 79%, the highest since the onset of the pandemic, as traffic growth outpaced capacity expansion of 28.9%. Capacity for the group, which includes Scoot Airlines, is projected to rise to about 68% of pre-Covid levels in the second quarter and to 76% by the third. It was just 3% in April 2020.</p><p>Operating profit was $556 million in the three months through June, the second-highest quarterly figure ever, the company said. Singapore Airlines and Scoot carried 5.1 million passengers last quarter, with robust demand in all cabin classes and all regions apart from east Asia, where some border restrictions remain in place.</p><p>Singapore starting dismantling its Covid border curbs last year, initially via so-called vaccinated travel lanes with a handful of countries to allow inoculated people to enter without having to do quarantine, and then opening more widely to travelers from everywhere. While the city-state is still reporting several thousand infections a day, most virus curbs such as limits on gatherings have been lifted and authorities are preparing to vaccinate young children.</p><p>Singapore Airlines said expenditure rose by 32% from the previous quarter to S$3.4 billion, including a 71% jump in net fuel costs to S$1.3 billion as fuel prices rose 40%. That was partly offset by fuel hedging gains, it said.</p><p>Elevated fuel prices remain a concern, the airline said, while interest-rate increases and slowing economic growth in many countries are risks to the recovery in passenger travel and air cargo demand.</p><p>The company said forward sales are buoyant for the months to October, though cargo activity typically slows during the summer.</p><p>“Yields are expected to remain higher than pre-Covid levels in the near to medium term as air cargo capacity remains tight on key trade lanes to and from Asia, particularly between Europe and Asia, amid the Russia-Ukraine conflict,” it said. “Changes to the Covid-19 situation in China may also impact the ongoing recovery in the country’s export volumes.”</p><p>In the depths of the Covid crisis, with no domestic market in which to operate, Singapore Airlines cut pay and thousands of jobs, renegotiated aircraft contracts and deferred plane deliveries to put a lid on costs. To help it through, the company has raised S$22.4 billion in additional liquidity since April 2020.</p><p>Crew recruitment resumed in February, while new aircraft and higher usage will support the carrier’s network expansion, it said. Singapore Airlines’ operating fleet consisted of 127 passenger planes and seven freighters as of June 30, while Scoot had 55 passenger aircraft.</p><p>The airline now plans to increase services to destinations across the world, including restoring India operations to pre-Covid levels and adding more flights to Japanese cities like Tokyo and Osaka. It said earlier this month that more services will be added to Los Angeles and Paris in response to strong demand.</p><p>Singapore’s Changi Airport said last week it will resume operations at its Terminal 4 on Sept. 13 to meet demand after it was shuttered for more than two years due to the impact of the pandemic on travel.</p><p>In an interview with Bloomberg News in late May, Chief Executive Officer Goh Choon Phong said Singapore Airlines is committing to a strategy of working with international partners and establishing overseas hubs.</p><p>Singapore Airlines’ shares rose 0.2% ahead of the results Thursday. The company has three buy ratings, seven holds and two sells among analysts tracked by Bloomberg News.</p><p></p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore Airlines Swings to Profit as Demand Roars Back</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\">\nSingapore Airlines Swings to Profit as Demand Roars Back\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-28 18:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-07-28/singapore-airlines-swings-to-profit-as-demand-comes-roaring-back?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Capacity seen rising to 68% pre-Covid levels in second quarterHigh fuel costs, slowing economic growth are risks to recoverySingapore Airlines Ltd. swung to a profit in the three months through June, ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-07-28/singapore-airlines-swings-to-profit-as-demand-comes-roaring-back?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"C6L.SI":"新加坡航空公司"},"source_url":"https://www.bloomberg.com/news/articles/2022-07-28/singapore-airlines-swings-to-profit-as-demand-comes-roaring-back?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1179137005","content_text":"Capacity seen rising to 68% pre-Covid levels in second quarterHigh fuel costs, slowing economic growth are risks to recoverySingapore Airlines Ltd. swung to a profit in the three months through June, as the end of travel restrictions across most of the world sparked a surge in demand for flights.The airline said in a statement Thursday that it posted net income of S$370 million ($268 million) in the quarter, compared with a loss of S$409 million in the same period in 2021. Revenue came in at S$3.91 billion versus S$1.3 billion a year earlier.Passenger load factor rose 34.1 percentage points to 79%, the highest since the onset of the pandemic, as traffic growth outpaced capacity expansion of 28.9%. Capacity for the group, which includes Scoot Airlines, is projected to rise to about 68% of pre-Covid levels in the second quarter and to 76% by the third. It was just 3% in April 2020.Operating profit was $556 million in the three months through June, the second-highest quarterly figure ever, the company said. Singapore Airlines and Scoot carried 5.1 million passengers last quarter, with robust demand in all cabin classes and all regions apart from east Asia, where some border restrictions remain in place.Singapore starting dismantling its Covid border curbs last year, initially via so-called vaccinated travel lanes with a handful of countries to allow inoculated people to enter without having to do quarantine, and then opening more widely to travelers from everywhere. While the city-state is still reporting several thousand infections a day, most virus curbs such as limits on gatherings have been lifted and authorities are preparing to vaccinate young children.Singapore Airlines said expenditure rose by 32% from the previous quarter to S$3.4 billion, including a 71% jump in net fuel costs to S$1.3 billion as fuel prices rose 40%. That was partly offset by fuel hedging gains, it said.Elevated fuel prices remain a concern, the airline said, while interest-rate increases and slowing economic growth in many countries are risks to the recovery in passenger travel and air cargo demand.The company said forward sales are buoyant for the months to October, though cargo activity typically slows during the summer.“Yields are expected to remain higher than pre-Covid levels in the near to medium term as air cargo capacity remains tight on key trade lanes to and from Asia, particularly between Europe and Asia, amid the Russia-Ukraine conflict,” it said. “Changes to the Covid-19 situation in China may also impact the ongoing recovery in the country’s export volumes.”In the depths of the Covid crisis, with no domestic market in which to operate, Singapore Airlines cut pay and thousands of jobs, renegotiated aircraft contracts and deferred plane deliveries to put a lid on costs. To help it through, the company has raised S$22.4 billion in additional liquidity since April 2020.Crew recruitment resumed in February, while new aircraft and higher usage will support the carrier’s network expansion, it said. Singapore Airlines’ operating fleet consisted of 127 passenger planes and seven freighters as of June 30, while Scoot had 55 passenger aircraft.The airline now plans to increase services to destinations across the world, including restoring India operations to pre-Covid levels and adding more flights to Japanese cities like Tokyo and Osaka. It said earlier this month that more services will be added to Los Angeles and Paris in response to strong demand.Singapore’s Changi Airport said last week it will resume operations at its Terminal 4 on Sept. 13 to meet demand after it was shuttered for more than two years due to the impact of the pandemic on travel.In an interview with Bloomberg News in late May, Chief Executive Officer Goh Choon Phong said Singapore Airlines is committing to a strategy of working with international partners and establishing overseas hubs.Singapore Airlines’ shares rose 0.2% ahead of the results Thursday. The company has three buy ratings, seven holds and two sells among analysts tracked by Bloomberg News.","news_type":1},"isVote":1,"tweetType":1,"viewCount":189,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9909927515,"gmtCreate":1658800183237,"gmtModify":1676536209823,"author":{"id":"4110782621739822","authorId":"4110782621739822","name":"oppayong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4110782621739822","authorIdStr":"4110782621739822"},"themes":[],"htmlText":"[lovely]&nbsp;","listText":"[lovely]&nbsp;","text":"[lovely]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9909927515","repostId":"1108190327","repostType":4,"isVote":1,"tweetType":1,"viewCount":252,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9909924193,"gmtCreate":1658800039413,"gmtModify":1676536209793,"author":{"id":"4110782621739822","authorId":"4110782621739822","name":"oppayong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4110782621739822","authorIdStr":"4110782621739822"},"themes":[],"htmlText":"[Duh]&nbsp;","listText":"[Duh]&nbsp;","text":"[Duh]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9909924193","repostId":"1114501394","repostType":4,"isVote":1,"tweetType":1,"viewCount":60,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9909922583,"gmtCreate":1658799937742,"gmtModify":1676536209762,"author":{"id":"4110782621739822","authorId":"4110782621739822","name":"oppayong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4110782621739822","authorIdStr":"4110782621739822"},"themes":[],"htmlText":"[Facepalm]&nbsp;","listText":"[Facepalm]&nbsp;","text":"[Facepalm]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9909922583","repostId":"1157069231","repostType":4,"isVote":1,"tweetType":1,"viewCount":199,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9077524709,"gmtCreate":1658544225101,"gmtModify":1676536174800,"author":{"id":"4110782621739822","authorId":"4110782621739822","name":"oppayong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4110782621739822","authorIdStr":"4110782621739822"},"themes":[],"htmlText":"[lovely]&nbsp;","listText":"[lovely]&nbsp;","text":"[lovely]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9077524709","repostId":"2253069383","repostType":4,"repost":{"id":"2253069383","kind":"highlight","pubTimestamp":1658542066,"share":"https://ttm.financial/m/news/2253069383?lang=&edition=fundamental","pubTime":"2022-07-23 10:07","market":"us","language":"en","title":"2 Reasons Why Netflix Could Face Tougher Times Ahead","url":"https://stock-news.laohu8.com/highlight/detail?id=2253069383","media":"Motley Fool","summary":"The company's third-quarter report might not be as celebrated as its second.","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/NFLX\"><b>Netflix</b> </a> announced its loss of 970,000 subscribers in the second quarter of 2022 after projecting a loss of 2 million. The company&#39;s hit content was a leading factor in the improvement, but its third quarter might not be so lucky -- here&#39;s why.</p><h2>A lack of hit content</h2><p>On July 19, Netflix co-CEO Reed Hastings discussed the company&#39;s positive second-quarter results in an earnings call, attributing much of its improved subscriber losses to its content -- thanking one show in particular. The executive said, &#34;If there was a single thing, we might say <i>Stranger Things</i>.&#34; Part 1 of the show&#39;s fourth season was released May 27, generating 1.3 billion viewing hours in the first four weeks -- becoming Netflix&#39;s biggest season for an English series ever.</p><p>In addition to the juggernaut <i>Stranger Things</i>, Q2 2022 also saw the finale of the Netflix hit <i>Ozark </i>on April 29, with the release of part 2 of the show&#39;s final season. The last seven episodes racked up 78.4 million viewing hours in its first three days, making it the company&#39;s most-watched English-language TV series before <i>Stranger Things</i> Season 4 was released a month later.</p><p>The third quarter had a good start with the release of <i>Stranger Things</i> Season 4 Part 2 on July 1, but there are not many reasons for subscribers to stay beyond that. The next big releases during the month have been the game-adapted series <i>Resident Evil</i> on July 14 and the Ryan Gosling-led film <i>The Gray Man</i> on July 22. <i>Resident Evil</i> has since become one of Netflix&#39;s worst-rated shows in history, and while <i>The Gray Man</i> could encourage views, popular shows are what pull in subscribers. Releases such as <i>Uncharted</i> in August and the Marylin Monroe biopic <i>Blonde</i> in September are great additions to Netflix&#39;s film library but aren&#39;t going to encourage subscriber retention.</p><p>The best-performing series adding a new season in Q3 2022 is high school comedy-drama <i>Never Have I Ever</i>, with its third season launching on August 12. The show&#39;s second season landed in the top 10 of more than 70 countries in July 2021, garnering 132 million viewing hours from July 11 to August 1, 2021. While the show&#39;s stats are impressive, the second season garnered just 13.5% of <i>Stranger Things</i> Season 4 Part 1&#39;s viewership in the same length of time . Even with <i>Stranger Things</i>, Netflix lost almost a million subscribers in Q2 2022; improvements aren&#39;t likely in Q3.</p><h2>Waiting for ads</h2><p>While Netflix waits for subsequent seasons of its hard-hitting series to boost memberships, the next likely push for subscriber growth will be the introduction of its ad-supported tier. The company announced its venture into ads in early 2022, partnering with <b>Microsoft</b> to get the job done. As ad-supported streaming options have grown in popularity, the move is positive for the company and potentially opens up a market of people who previously saw the platform as too expensive. However, the ad initiative will not come into effect until at least early 2023 -- leaving less to boost Q3 2022.</p><p>Additionally, a recent study from Civic Science has shown that ad-supported options are more likely to attract existing Netflix subscribers than new ones. A survey in mid-July showed that 32% of current Netflix members would likely make the switch to a lower-priced ad-supported tier. However, 26% of non-Netflix members said they&#39;d probably subscribe to the ad-supported option. So, while Netflix is hopeful that an ad-supported service will boost subscriber growth, it looks more likely to retain current members. The data suggests that even if the ad-supported tier launched in Q3, it might not garner the subscriber growth investors are hoping for.</p><h2>Can things turn around in Q4?</h2><p>In terms of content, the fourth quarter of 2022 will bring some major releases to Netflix members, including the highly anticipated fifth season of <i>The Crown</i> in November, and subsequent seasons of <i>Emily in Paris</i>, <i>Big Mouth</i>, and <i>You</i> will likely launch before the year&#39;s out. Of course, not every quarter can have a <i>Stranger Things</i>, but Q4 is more likely to draw in big viewing numbers than Q3.</p><p>The future of Netflix will be a waiting game for streaming service stock investors. Third quarter earnings may be disappointing, but that&#39;s not to say Netflix won&#39;t have a successful 2023 with the launch of its ad-supported tier, password-sharing crackdowns, and even an expansion of Netflix Games. So there is still hope for the streaming giant, but it will require patience.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>2 Reasons Why Netflix Could Face Tougher Times Ahead</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n2 Reasons Why Netflix Could Face Tougher Times Ahead\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-23 10:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/07/22/2-reasons-why-netflix-could-face-a-tough-q3/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Netflix  announced its loss of 970,000 subscribers in the second quarter of 2022 after projecting a loss of 2 million. The company's hit content was a leading factor in the improvement, but its third ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/07/22/2-reasons-why-netflix-could-face-a-tough-q3/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NFLX":"奈飞"},"source_url":"https://www.fool.com/investing/2022/07/22/2-reasons-why-netflix-could-face-a-tough-q3/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2253069383","content_text":"Netflix  announced its loss of 970,000 subscribers in the second quarter of 2022 after projecting a loss of 2 million. The company's hit content was a leading factor in the improvement, but its third quarter might not be so lucky -- here's why.A lack of hit contentOn July 19, Netflix co-CEO Reed Hastings discussed the company's positive second-quarter results in an earnings call, attributing much of its improved subscriber losses to its content -- thanking one show in particular. The executive said, \"If there was a single thing, we might say Stranger Things.\" Part 1 of the show's fourth season was released May 27, generating 1.3 billion viewing hours in the first four weeks -- becoming Netflix's biggest season for an English series ever.In addition to the juggernaut Stranger Things, Q2 2022 also saw the finale of the Netflix hit Ozark on April 29, with the release of part 2 of the show's final season. The last seven episodes racked up 78.4 million viewing hours in its first three days, making it the company's most-watched English-language TV series before Stranger Things Season 4 was released a month later.The third quarter had a good start with the release of Stranger Things Season 4 Part 2 on July 1, but there are not many reasons for subscribers to stay beyond that. The next big releases during the month have been the game-adapted series Resident Evil on July 14 and the Ryan Gosling-led film The Gray Man on July 22. Resident Evil has since become one of Netflix's worst-rated shows in history, and while The Gray Man could encourage views, popular shows are what pull in subscribers. Releases such as Uncharted in August and the Marylin Monroe biopic Blonde in September are great additions to Netflix's film library but aren't going to encourage subscriber retention.The best-performing series adding a new season in Q3 2022 is high school comedy-drama Never Have I Ever, with its third season launching on August 12. The show's second season landed in the top 10 of more than 70 countries in July 2021, garnering 132 million viewing hours from July 11 to August 1, 2021. While the show's stats are impressive, the second season garnered just 13.5% of Stranger Things Season 4 Part 1's viewership in the same length of time . Even with Stranger Things, Netflix lost almost a million subscribers in Q2 2022; improvements aren't likely in Q3.Waiting for adsWhile Netflix waits for subsequent seasons of its hard-hitting series to boost memberships, the next likely push for subscriber growth will be the introduction of its ad-supported tier. The company announced its venture into ads in early 2022, partnering with Microsoft to get the job done. As ad-supported streaming options have grown in popularity, the move is positive for the company and potentially opens up a market of people who previously saw the platform as too expensive. However, the ad initiative will not come into effect until at least early 2023 -- leaving less to boost Q3 2022.Additionally, a recent study from Civic Science has shown that ad-supported options are more likely to attract existing Netflix subscribers than new ones. A survey in mid-July showed that 32% of current Netflix members would likely make the switch to a lower-priced ad-supported tier. However, 26% of non-Netflix members said they'd probably subscribe to the ad-supported option. So, while Netflix is hopeful that an ad-supported service will boost subscriber growth, it looks more likely to retain current members. The data suggests that even if the ad-supported tier launched in Q3, it might not garner the subscriber growth investors are hoping for.Can things turn around in Q4?In terms of content, the fourth quarter of 2022 will bring some major releases to Netflix members, including the highly anticipated fifth season of The Crown in November, and subsequent seasons of Emily in Paris, Big Mouth, and You will likely launch before the year's out. Of course, not every quarter can have a Stranger Things, but Q4 is more likely to draw in big viewing numbers than Q3.The future of Netflix will be a waiting game for streaming service stock investors. Third quarter earnings may be disappointing, but that's not to say Netflix won't have a successful 2023 with the launch of its ad-supported tier, password-sharing crackdowns, and even an expansion of Netflix Games. So there is still hope for the streaming giant, but it will require patience.","news_type":1},"isVote":1,"tweetType":1,"viewCount":137,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9075934278,"gmtCreate":1658125097294,"gmtModify":1676536109378,"author":{"id":"4110782621739822","authorId":"4110782621739822","name":"oppayong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4110782621739822","authorIdStr":"4110782621739822"},"themes":[],"htmlText":"[Thinking]&nbsp;","listText":"[Thinking]&nbsp;","text":"[Thinking]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9075934278","repostId":"2252429634","repostType":4,"isVote":1,"tweetType":1,"viewCount":143,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9076703361,"gmtCreate":1657898633553,"gmtModify":1676536079233,"author":{"id":"4110782621739822","authorId":"4110782621739822","name":"oppayong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4110782621739822","authorIdStr":"4110782621739822"},"themes":[],"htmlText":"[love you]&nbsp;","listText":"[love you]&nbsp;","text":"[love you]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9076703361","repostId":"2251175035","repostType":2,"isVote":1,"tweetType":1,"viewCount":167,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9069895200,"gmtCreate":1651272873967,"gmtModify":1676534880185,"author":{"id":"4110782621739822","authorId":"4110782621739822","name":"oppayong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4110782621739822","idStr":"4110782621739822"},"themes":[],"htmlText":"[Cry]&nbsp;","listText":"[Cry]&nbsp;","text":"[Cry]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9069895200","repostId":"2231269104","repostType":2,"repost":{"id":"2231269104","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1651272464,"share":"https://ttm.financial/m/news/2231269104?lang=&edition=fundamental","pubTime":"2022-04-30 06:47","market":"us","language":"en","title":"US STOCKS-Wall Street Closes Sharply Lower on Amazon Slump, Inflation Worries","url":"https://stock-news.laohu8.com/highlight/detail?id=2231269104","media":"Reuters","summary":"$Amazon(AMZN)$ tumbles after results and outlook fall shortApple slips after flagging supply problemsMonthly inflation surged by the most since 2005Indexes end: S&P 500 -3.63%, Nasdaq -4.17%, Dow -2.7","content":"<html><head></head><body><ul><li><a href=\"https://laohu8.com/S/AMZN\">Amazon</a> tumbles after results and outlook fall short</li><li>Apple slips after flagging supply problems</li><li>Monthly inflation surged by the most since 2005</li><li>Indexes end: S&amp;P 500 -3.63%, Nasdaq -4.17%, Dow -2.77%</li></ul><p>(Reuters) - Wall Street slid on Friday to its deepest daily losses since 2020, as <a href=\"https://laohu8.com/S/AMZN\">Amazon</a> slumped following a gloomy quarterly report, and as the biggest surge in monthly inflation since 2005 spooked investors already worried about rising interest rates.</p><p><a href=\"https://laohu8.com/S/AMZN\">Amazon.com Inc</a> tumbled 14.05% in its steepest one-day drop since 2006, leaving the widely held stock near two-year lows. Late on Thursday, the e-commerce giant delivered a disappointing quarter and outlook, swamped by higher costs.</p><p><a href=\"https://laohu8.com/S/AAPL\">Apple Inc</a>, the world&#39;s most valuable company, dropped 3.66% after its disappointing outlook overshadowed record quarterly profit and sales.</p><p>All 11 S&amp;P 500 sector indexes fell, led lower by a 5.9% slide in Consumer Discretionary and a 4.9% drop in Real Estate.</p><p>The S&amp;P 500 logged it largest one-day decline since June 2020. The Nasdaq&#39;s decline was its largest since September 2020.</p><p>Downbeat results and worries about aggressive monetary policy tightening by the Federal Reserve have hammered megacap technology and growth stocks this month.</p><p>The Fed is set to meet next week, with traders betting on a 50-basis-point rate hike to combat surging inflation.</p><p>Ahead of the weekend and the Fed meeting next week, &#34;people are clearing the decks. The disappointing guidance from Apple and Amazon and a few other companies set the stage yesterday for today to be weak and it accelerated as we ended out the day,&#34; said Peter Tuz, President of Chase Investment Counsel in Charlottesville, Virginia.</p><p>The Nasdaq has lost about 13% in April, its worst monthly performance since the global financial crisis in 2008.</p><p>The S&amp;P 500 has fallen 13% so far in 2022, its steepest four-month decline to start any year since 1939.</p><p>Adding to fears on Wall Street, data showed the personal consumption expenditures price index - the Fed&#39;s favored measure of inflation - shot up 0.9% in March after climbing 0.5% in February.</p><p>Signs of aggressive monetary policy tightening. Data on Thursday showed the U.S. economy unexpectedly contracted in the first quarter.</p><p>The, S&amp;P 500 declined 3.63% to end the session at 4,131.93 points.</p><p>The Nasdaq declined 4.17% to 12,334.64 points, while Dow Jones Industrial Average declined 2.77% to 32,977.21 points.</p><p>For the week, the S&amp;P 500 lost 3.3%, the Nasdaq shed 3.9% and the Dow declined 2.5%.</p><p>The S&amp;P 500 has gained or lost 2% or more in a day some 33 times so far in 2022, compared to 24 such days in all of 2021.</p><p><a href=\"https://laohu8.com/S/XOM\">Exxon Mobil Corp</a> slipped 2.24% after it took a $3.4 billion writedown due to its exit from Russia. <a href=\"https://laohu8.com/S/CVX\">Chevron Corp</a> dropped 3.16% after its first-quarter profit underwhelmed.</p><p>The first-quarter earnings season overall has been better than expected so far. Nearly half of the S&amp;P 500 companies have reported through Thursday and 81% of them have topped Wall Street&#39;s expectations. Typically, only 66% beat estimates, according to Refinitiv data.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 3.91-to-1 ratio; on Nasdaq, a 2.85-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 2 new 52-week highs and 47 new lows; the Nasdaq Composite recorded 13 new highs and 385 new lows.</p><p>Volume on U.S. exchanges was 12.4 billion shares, compared with an 11.8 billion average over the last 20 trading days.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US STOCKS-Wall Street Closes Sharply Lower on Amazon Slump, Inflation Worries</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS STOCKS-Wall Street Closes Sharply Lower on Amazon Slump, Inflation Worries\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-04-30 06:47</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><ul><li><a href=\"https://laohu8.com/S/AMZN\">Amazon</a> tumbles after results and outlook fall short</li><li>Apple slips after flagging supply problems</li><li>Monthly inflation surged by the most since 2005</li><li>Indexes end: S&amp;P 500 -3.63%, Nasdaq -4.17%, Dow -2.77%</li></ul><p>(Reuters) - Wall Street slid on Friday to its deepest daily losses since 2020, as <a href=\"https://laohu8.com/S/AMZN\">Amazon</a> slumped following a gloomy quarterly report, and as the biggest surge in monthly inflation since 2005 spooked investors already worried about rising interest rates.</p><p><a href=\"https://laohu8.com/S/AMZN\">Amazon.com Inc</a> tumbled 14.05% in its steepest one-day drop since 2006, leaving the widely held stock near two-year lows. Late on Thursday, the e-commerce giant delivered a disappointing quarter and outlook, swamped by higher costs.</p><p><a href=\"https://laohu8.com/S/AAPL\">Apple Inc</a>, the world&#39;s most valuable company, dropped 3.66% after its disappointing outlook overshadowed record quarterly profit and sales.</p><p>All 11 S&amp;P 500 sector indexes fell, led lower by a 5.9% slide in Consumer Discretionary and a 4.9% drop in Real Estate.</p><p>The S&amp;P 500 logged it largest one-day decline since June 2020. The Nasdaq&#39;s decline was its largest since September 2020.</p><p>Downbeat results and worries about aggressive monetary policy tightening by the Federal Reserve have hammered megacap technology and growth stocks this month.</p><p>The Fed is set to meet next week, with traders betting on a 50-basis-point rate hike to combat surging inflation.</p><p>Ahead of the weekend and the Fed meeting next week, &#34;people are clearing the decks. The disappointing guidance from Apple and Amazon and a few other companies set the stage yesterday for today to be weak and it accelerated as we ended out the day,&#34; said Peter Tuz, President of Chase Investment Counsel in Charlottesville, Virginia.</p><p>The Nasdaq has lost about 13% in April, its worst monthly performance since the global financial crisis in 2008.</p><p>The S&amp;P 500 has fallen 13% so far in 2022, its steepest four-month decline to start any year since 1939.</p><p>Adding to fears on Wall Street, data showed the personal consumption expenditures price index - the Fed&#39;s favored measure of inflation - shot up 0.9% in March after climbing 0.5% in February.</p><p>Signs of aggressive monetary policy tightening. Data on Thursday showed the U.S. economy unexpectedly contracted in the first quarter.</p><p>The, S&amp;P 500 declined 3.63% to end the session at 4,131.93 points.</p><p>The Nasdaq declined 4.17% to 12,334.64 points, while Dow Jones Industrial Average declined 2.77% to 32,977.21 points.</p><p>For the week, the S&amp;P 500 lost 3.3%, the Nasdaq shed 3.9% and the Dow declined 2.5%.</p><p>The S&amp;P 500 has gained or lost 2% or more in a day some 33 times so far in 2022, compared to 24 such days in all of 2021.</p><p><a href=\"https://laohu8.com/S/XOM\">Exxon Mobil Corp</a> slipped 2.24% after it took a $3.4 billion writedown due to its exit from Russia. <a href=\"https://laohu8.com/S/CVX\">Chevron Corp</a> dropped 3.16% after its first-quarter profit underwhelmed.</p><p>The first-quarter earnings season overall has been better than expected so far. Nearly half of the S&amp;P 500 companies have reported through Thursday and 81% of them have topped Wall Street&#39;s expectations. Typically, only 66% beat estimates, according to Refinitiv data.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 3.91-to-1 ratio; on Nasdaq, a 2.85-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 2 new 52-week highs and 47 new lows; the Nasdaq Composite recorded 13 new highs and 385 new lows.</p><p>Volume on U.S. exchanges was 12.4 billion shares, compared with an 11.8 billion average over the last 20 trading days.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"XOM":"埃克森美孚","BK4554":"元宇宙及AR概念","BK4532":"文艺复兴科技持仓","AMZN":"亚马逊","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)","BK4566":"资本集团","BK4524":"宅经济概念","CVX":"雪佛龙","BK4535":"淡马锡持仓","BK4527":"明星科技股","BK4559":"巴菲特持仓","BK4538":"云计算","BK4550":"红杉资本持仓","BK4579":"人工智能","BK4122":"互联网与直销零售","BK4503":"景林资产持仓",".DJI":"道琼斯","BK4551":"寇图资本持仓",".IXIC":"NASDAQ Composite","BK4561":"索罗斯持仓","AAPL":"苹果","BK4581":"高盛持仓",".SPX":"S&P 500 Index","BK4548":"巴美列捷福持仓"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2231269104","content_text":"Amazon tumbles after results and outlook fall shortApple slips after flagging supply problemsMonthly inflation surged by the most since 2005Indexes end: S&P 500 -3.63%, Nasdaq -4.17%, Dow -2.77%(Reuters) - Wall Street slid on Friday to its deepest daily losses since 2020, as Amazon slumped following a gloomy quarterly report, and as the biggest surge in monthly inflation since 2005 spooked investors already worried about rising interest rates.Amazon.com Inc tumbled 14.05% in its steepest one-day drop since 2006, leaving the widely held stock near two-year lows. Late on Thursday, the e-commerce giant delivered a disappointing quarter and outlook, swamped by higher costs.Apple Inc, the world's most valuable company, dropped 3.66% after its disappointing outlook overshadowed record quarterly profit and sales.All 11 S&P 500 sector indexes fell, led lower by a 5.9% slide in Consumer Discretionary and a 4.9% drop in Real Estate.The S&P 500 logged it largest one-day decline since June 2020. The Nasdaq's decline was its largest since September 2020.Downbeat results and worries about aggressive monetary policy tightening by the Federal Reserve have hammered megacap technology and growth stocks this month.The Fed is set to meet next week, with traders betting on a 50-basis-point rate hike to combat surging inflation.Ahead of the weekend and the Fed meeting next week, \"people are clearing the decks. The disappointing guidance from Apple and Amazon and a few other companies set the stage yesterday for today to be weak and it accelerated as we ended out the day,\" said Peter Tuz, President of Chase Investment Counsel in Charlottesville, Virginia.The Nasdaq has lost about 13% in April, its worst monthly performance since the global financial crisis in 2008.The S&P 500 has fallen 13% so far in 2022, its steepest four-month decline to start any year since 1939.Adding to fears on Wall Street, data showed the personal consumption expenditures price index - the Fed's favored measure of inflation - shot up 0.9% in March after climbing 0.5% in February.Signs of aggressive monetary policy tightening. Data on Thursday showed the U.S. economy unexpectedly contracted in the first quarter.The, S&P 500 declined 3.63% to end the session at 4,131.93 points.The Nasdaq declined 4.17% to 12,334.64 points, while Dow Jones Industrial Average declined 2.77% to 32,977.21 points.For the week, the S&P 500 lost 3.3%, the Nasdaq shed 3.9% and the Dow declined 2.5%.The S&P 500 has gained or lost 2% or more in a day some 33 times so far in 2022, compared to 24 such days in all of 2021.Exxon Mobil Corp slipped 2.24% after it took a $3.4 billion writedown due to its exit from Russia. Chevron Corp dropped 3.16% after its first-quarter profit underwhelmed.The first-quarter earnings season overall has been better than expected so far. Nearly half of the S&P 500 companies have reported through Thursday and 81% of them have topped Wall Street's expectations. Typically, only 66% beat estimates, according to Refinitiv data.Declining issues outnumbered advancing ones on the NYSE by a 3.91-to-1 ratio; on Nasdaq, a 2.85-to-1 ratio favored decliners.The S&P 500 posted 2 new 52-week highs and 47 new lows; the Nasdaq Composite recorded 13 new highs and 385 new lows.Volume on U.S. exchanges was 12.4 billion shares, compared with an 11.8 billion average over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":105,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9073768407,"gmtCreate":1657418917809,"gmtModify":1676536005000,"author":{"id":"4110782621739822","authorId":"4110782621739822","name":"oppayong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4110782621739822","idStr":"4110782621739822"},"themes":[],"htmlText":"[Duh]&nbsp;","listText":"[Duh]&nbsp;","text":"[Duh]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9073768407","repostId":"1106047228","repostType":4,"isVote":1,"tweetType":1,"viewCount":330,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9029096582,"gmtCreate":1652696720846,"gmtModify":1676535143744,"author":{"id":"4110782621739822","authorId":"4110782621739822","name":"oppayong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4110782621739822","idStr":"4110782621739822"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9029096582","repostId":"2235749858","repostType":4,"repost":{"id":"2235749858","kind":"highlight","pubTimestamp":1652688018,"share":"https://ttm.financial/m/news/2235749858?lang=&edition=fundamental","pubTime":"2022-05-16 16:00","market":"us","language":"en","title":"3 High-Yield Dividend Stocks That Can Turn $300,000 Into $1 Million by 2030","url":"https://stock-news.laohu8.com/highlight/detail?id=2235749858","media":"Motley Fool","summary":"These passive income powerhouses, with yields ranging from 4.4% to 11.9%, can generate some serious wealth for patient investors.","content":"<html><head></head><body><p>There are a lot of ways to make money on Wall Street, but few have proved more fruitful over the long run than buying dividend stocks.</p><p>Back in 2013, J.P. Morgan Asset Management unveiled a report examining the performance of dividend stocks to non-payers over a four-decade time frame (1972-2012). During this period, income stocks averaged an annual return of 9.5%, which meant that investors were doubling their money, on average, every 7.6 years. By comparison, the companies that didn&#39;t pay a dividend clawed their way to a meager average annual return of 1.6%.</p><p>Even if we didn&#39;t know the magnitude of difference between the average annual return of dividend stocks and non-dividend payers, these results aren&#39;t surprising. Businesses that pay a regular dividend are often profitable, time-tested, and can provide transparent long-term outlooks. In other words, they should increase in value over time.</p><p>With market volatility picking up big time, dividend stocks might be the perfect way to position your portfolio for success throughout the remainder of the decade. The following three high-yield stocks (i.e., yields 4% and above) all have the tools and intangibles needed to turn a $300,000 initial investment into $1 million, including dividends paid, by 2030.</p><h2><a href=\"https://laohu8.com/S/WBA\">Walgreens Boots Alliance</a>: 4.41% yield</h2><p>The first high-yield income stock that can help investors generate a 233% total return in eight years is pharmacy chain <b>Walgreens Boots Alliance</b> . Walgreens is currently paying out a 4.41% yield and has raised its base annual payout in each of the past 46 years.</p><p>Generally, healthcare stocks are a relatively safe investment no matter how well or poorly the U.S. economy is performing. Since we have no control over when we get sick or what ailment(s) we develop, there&#39;s a steady demand for prescription drugs, medical devices, and healthcare services.</p><p>However, Walgreens and its pharmacy peers found out the hard way that there are exceptions to the rule. Since pharmacies rely heavily on foot traffic, they were adversely affected by the COVID-19 pandemic. Walgreens saw weakness in its front-end retail sales, as well as its clinic revenue. But the good news is that this temporary weakness is allowing investors to buy a highly profitable company on the cheap.</p><p>Walgreens Boots Alliance is in the midst of executing a multipoint turnaround plan that&#39;s geared at boosting its operating margins, lifting organic growth, and promoting repeat visits and engagement. To improve operating margins, the company is trimming the fat, so to speak. When its fiscal 2021 year ended Aug. 31, 2021, Walgreens announced it had reduced its annual operating expenses by north of $2 billion a full year ahead of schedule.</p><p>Yet, while the company is cutting costs, it&#39;s also emphasizing digitization initiatives designed to promote convenience. Even though Walgreens&#39; brick-and-mortar locations will continue to generate the bulk of its revenue, encouraging consumers to purchase online should provide a nice sales boost.</p><p>There&#39;s also Walgreens&#39; partnership with and majority investment in VillageMD. The duo have opened over 100 co-located clinics thus far, with a goal of reaching 1,000 clinics in more than 30 U.S. markets by 2027.  The differentiating factor with these clinics is that they&#39;re physician-staffed. Being able to handle more than just a sniffle should encourage repeat visits and bolster consumer engagement with the Walgreens brand.</p><h2>Antero Midstream: 9.16% yield</h2><p>A second high-yield dividend stock with the ability to turn $300,000 into a cool $1 million by 2030 is energy middleman <b>Antero Midstream</b>. Antero is yielding 9.16% at the time of this writing, which means its passive income alone, when reinvested, can double your money by 2030.</p><p>For some folks, the thought of putting their money to work in oil and gas stocks is enough to make them cringe. Let&#39;s not forget that crude oil demand fell off a cliff 25 months ago during the initial stage of the pandemic. Ultimately, oil futures briefly traded as low as negative $40 a barrel.</p><p>As you can imagine, companies involved in oil and natural gas drilling were clobbered by this historic demand drawdown. However, midstream companies like Antero were in far better shape. Midstream businesses operate the infrastructure that helps move, transport, and sometimes refine, oil, natural gas, and natural gas liquids. In Antero Midstream&#39;s case, it provides gathering, compression, processing, and water delivery for parent company <b>Antero Resources</b>. The latter is <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the largest producers of natural gas in the United States.</p><p>There are three factors that make Antero such a rock-solid investment over the next eight years. First, there&#39;s the structuring of Antero Midstream&#39;s contracts with its parent company. Midstream providers typically rely on volume-based or fixed-fee contracts to ensure a highly predictable level of operating cash flow each year. This means that even if the price of natural gas whipsaws, Antero Midstream will have clarity on its annual operating cash flow.</p><p>Secondly, Antero Resources is stepping up drilling on Antero Midstream&#39;s acreage. Although the latter did reduce its quarterly distribution by 27% in 2021 (again, still yielding 9.16%), this move was made so additional capital can be allocated for future infrastructure projects. Management expects $400 million in added incremental free cash flow by the midpoint of the decade.</p><p>And third, a big rebound in the price of natural gas, coupled with Antero Resources desire to boost production, has allowed Antero Midstream to improve its balance sheet. After ending 2020 with a leverage ratio of 3.1, the company anticipates this leverage ratio dipping below 1 by the end of the year.</p><h2><a href=\"https://laohu8.com/S/AGNCO\">AGNC Investment Corp.</a>: 11.86% yield</h2><p>The third and final high-yield income stock that can allow patient investors to turn $300,000 into $1 million by 2030 is mortgage real estate investment trust (REIT) <b><a href=\"https://laohu8.com/S/AGNCM\">AGNC Investment Corp</a>.</b>. AGNC has averaged a double-digit yield in 12 of the past 13 years. Reinvesting these payouts at an 11.86% yield would net more than a 150% return from the initial investment by the end of 2030.</p><p>Although the securities AGNC buys can be a bit complicated, the company&#39;s operating model is pretty easy to understand. Mortgage REITs are typically looking to borrow money at low short-term rates, then use this capital to acquire higher-yielding long-term assets, such as a mortgage-backed securities (MBS). The bigger the difference (known as net interest margin) between the average yield on owned assets minus the average borrowing rate, often the more profitable the mortgage REIT.</p><p>Over the past couple of months, things couldn&#39;t have gone any worse for mortgage REITs. Historically high inflation has encouraged the Fed to get aggressive with interest rates, which means short-term borrowing costs are rising. At the same time, the interest rate yield curve flattened. The yield curve describes the difference between short-and-long-term U.S. Treasury bond yields. When the yield curve flattens, net interest margin and book values for mortgage REITs usually decline.</p><p>However, when things look their bleakest is historically when it&#39;s the best time to buy into the mortgage REIT industry. For instance, even though rising interest rates are weighing on the industry in the short-term, higher rates should also increase the yields on the MBSs that AGNC is purchasing. Over time, this is a recipe for net interest margin expansion.</p><p>Another really important piece of the puzzle is the makeup of AGNC&#39;s investment portfolio. The company ended March with a $68.6 billion investment portfolio, 97.5% of which were agency assets.  An &#34;agency&#34; security is backed by the federal government in the event of default. While investing in these safe securities does lower the yield AGNC receives on the MBSs it buys, it also allows the company to deploy leverage in order to increase its profits.</p><p>Over the next eight years, there&#39;s a good chance AGNC&#39;s book value will increase and its share price will follow. When coupled with its mammoth monthly dividend, there exists a recipe for substantial wealth creation.</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 High-Yield Dividend Stocks That Can Turn $300,000 Into $1 Million by 2030</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 High-Yield Dividend Stocks That Can Turn $300,000 Into $1 Million by 2030\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-16 16:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/05/15/3-high-yield-dividend-stocks-300000-into-1-million/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>There are a lot of ways to make money on Wall Street, but few have proved more fruitful over the long run than buying dividend stocks.Back in 2013, J.P. Morgan Asset Management unveiled a report ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/05/15/3-high-yield-dividend-stocks-300000-into-1-million/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AM":"Antero Midstream Corporation","WBA":"沃尔格林联合博姿","AGNCO":"AGNC Investment Corp."},"source_url":"https://www.fool.com/investing/2022/05/15/3-high-yield-dividend-stocks-300000-into-1-million/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2235749858","content_text":"There are a lot of ways to make money on Wall Street, but few have proved more fruitful over the long run than buying dividend stocks.Back in 2013, J.P. Morgan Asset Management unveiled a report examining the performance of dividend stocks to non-payers over a four-decade time frame (1972-2012). During this period, income stocks averaged an annual return of 9.5%, which meant that investors were doubling their money, on average, every 7.6 years. By comparison, the companies that didn't pay a dividend clawed their way to a meager average annual return of 1.6%.Even if we didn't know the magnitude of difference between the average annual return of dividend stocks and non-dividend payers, these results aren't surprising. Businesses that pay a regular dividend are often profitable, time-tested, and can provide transparent long-term outlooks. In other words, they should increase in value over time.With market volatility picking up big time, dividend stocks might be the perfect way to position your portfolio for success throughout the remainder of the decade. The following three high-yield stocks (i.e., yields 4% and above) all have the tools and intangibles needed to turn a $300,000 initial investment into $1 million, including dividends paid, by 2030.Walgreens Boots Alliance: 4.41% yieldThe first high-yield income stock that can help investors generate a 233% total return in eight years is pharmacy chain Walgreens Boots Alliance . Walgreens is currently paying out a 4.41% yield and has raised its base annual payout in each of the past 46 years.Generally, healthcare stocks are a relatively safe investment no matter how well or poorly the U.S. economy is performing. Since we have no control over when we get sick or what ailment(s) we develop, there's a steady demand for prescription drugs, medical devices, and healthcare services.However, Walgreens and its pharmacy peers found out the hard way that there are exceptions to the rule. Since pharmacies rely heavily on foot traffic, they were adversely affected by the COVID-19 pandemic. Walgreens saw weakness in its front-end retail sales, as well as its clinic revenue. But the good news is that this temporary weakness is allowing investors to buy a highly profitable company on the cheap.Walgreens Boots Alliance is in the midst of executing a multipoint turnaround plan that's geared at boosting its operating margins, lifting organic growth, and promoting repeat visits and engagement. To improve operating margins, the company is trimming the fat, so to speak. When its fiscal 2021 year ended Aug. 31, 2021, Walgreens announced it had reduced its annual operating expenses by north of $2 billion a full year ahead of schedule.Yet, while the company is cutting costs, it's also emphasizing digitization initiatives designed to promote convenience. Even though Walgreens' brick-and-mortar locations will continue to generate the bulk of its revenue, encouraging consumers to purchase online should provide a nice sales boost.There's also Walgreens' partnership with and majority investment in VillageMD. The duo have opened over 100 co-located clinics thus far, with a goal of reaching 1,000 clinics in more than 30 U.S. markets by 2027.  The differentiating factor with these clinics is that they're physician-staffed. Being able to handle more than just a sniffle should encourage repeat visits and bolster consumer engagement with the Walgreens brand.Antero Midstream: 9.16% yieldA second high-yield dividend stock with the ability to turn $300,000 into a cool $1 million by 2030 is energy middleman Antero Midstream. Antero is yielding 9.16% at the time of this writing, which means its passive income alone, when reinvested, can double your money by 2030.For some folks, the thought of putting their money to work in oil and gas stocks is enough to make them cringe. Let's not forget that crude oil demand fell off a cliff 25 months ago during the initial stage of the pandemic. Ultimately, oil futures briefly traded as low as negative $40 a barrel.As you can imagine, companies involved in oil and natural gas drilling were clobbered by this historic demand drawdown. However, midstream companies like Antero were in far better shape. Midstream businesses operate the infrastructure that helps move, transport, and sometimes refine, oil, natural gas, and natural gas liquids. In Antero Midstream's case, it provides gathering, compression, processing, and water delivery for parent company Antero Resources. The latter is one of the largest producers of natural gas in the United States.There are three factors that make Antero such a rock-solid investment over the next eight years. First, there's the structuring of Antero Midstream's contracts with its parent company. Midstream providers typically rely on volume-based or fixed-fee contracts to ensure a highly predictable level of operating cash flow each year. This means that even if the price of natural gas whipsaws, Antero Midstream will have clarity on its annual operating cash flow.Secondly, Antero Resources is stepping up drilling on Antero Midstream's acreage. Although the latter did reduce its quarterly distribution by 27% in 2021 (again, still yielding 9.16%), this move was made so additional capital can be allocated for future infrastructure projects. Management expects $400 million in added incremental free cash flow by the midpoint of the decade.And third, a big rebound in the price of natural gas, coupled with Antero Resources desire to boost production, has allowed Antero Midstream to improve its balance sheet. After ending 2020 with a leverage ratio of 3.1, the company anticipates this leverage ratio dipping below 1 by the end of the year.AGNC Investment Corp.: 11.86% yieldThe third and final high-yield income stock that can allow patient investors to turn $300,000 into $1 million by 2030 is mortgage real estate investment trust (REIT) AGNC Investment Corp.. AGNC has averaged a double-digit yield in 12 of the past 13 years. Reinvesting these payouts at an 11.86% yield would net more than a 150% return from the initial investment by the end of 2030.Although the securities AGNC buys can be a bit complicated, the company's operating model is pretty easy to understand. Mortgage REITs are typically looking to borrow money at low short-term rates, then use this capital to acquire higher-yielding long-term assets, such as a mortgage-backed securities (MBS). The bigger the difference (known as net interest margin) between the average yield on owned assets minus the average borrowing rate, often the more profitable the mortgage REIT.Over the past couple of months, things couldn't have gone any worse for mortgage REITs. Historically high inflation has encouraged the Fed to get aggressive with interest rates, which means short-term borrowing costs are rising. At the same time, the interest rate yield curve flattened. The yield curve describes the difference between short-and-long-term U.S. Treasury bond yields. When the yield curve flattens, net interest margin and book values for mortgage REITs usually decline.However, when things look their bleakest is historically when it's the best time to buy into the mortgage REIT industry. For instance, even though rising interest rates are weighing on the industry in the short-term, higher rates should also increase the yields on the MBSs that AGNC is purchasing. Over time, this is a recipe for net interest margin expansion.Another really important piece of the puzzle is the makeup of AGNC's investment portfolio. The company ended March with a $68.6 billion investment portfolio, 97.5% of which were agency assets.  An \"agency\" security is backed by the federal government in the event of default. While investing in these safe securities does lower the yield AGNC receives on the MBSs it buys, it also allows the company to deploy leverage in order to increase its profits.Over the next eight years, there's a good chance AGNC's book value will increase and its share price will follow. When coupled with its mammoth monthly dividend, there exists a recipe for substantial wealth creation.","news_type":1},"isVote":1,"tweetType":1,"viewCount":82,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9909922583,"gmtCreate":1658799937742,"gmtModify":1676536209762,"author":{"id":"4110782621739822","authorId":"4110782621739822","name":"oppayong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4110782621739822","idStr":"4110782621739822"},"themes":[],"htmlText":"[Facepalm]&nbsp;","listText":"[Facepalm]&nbsp;","text":"[Facepalm]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9909922583","repostId":"1157069231","repostType":4,"isVote":1,"tweetType":1,"viewCount":199,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9024356297,"gmtCreate":1653804337819,"gmtModify":1676535344817,"author":{"id":"4110782621739822","authorId":"4110782621739822","name":"oppayong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4110782621739822","idStr":"4110782621739822"},"themes":[],"htmlText":"[lovely]&nbsp;","listText":"[lovely]&nbsp;","text":"[lovely]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9024356297","repostId":"1150561243","repostType":4,"isVote":1,"tweetType":1,"viewCount":92,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9996269232,"gmtCreate":1661176870328,"gmtModify":1676536467562,"author":{"id":"4110782621739822","authorId":"4110782621739822","name":"oppayong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4110782621739822","idStr":"4110782621739822"},"themes":[],"htmlText":"[Grin]&nbsp;","listText":"[Grin]&nbsp;","text":"[Grin]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9996269232","repostId":"2261515445","repostType":4,"isVote":1,"tweetType":1,"viewCount":418,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9042426935,"gmtCreate":1656515741827,"gmtModify":1676535844045,"author":{"id":"4110782621739822","authorId":"4110782621739822","name":"oppayong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4110782621739822","idStr":"4110782621739822"},"themes":[],"htmlText":"[Duh]&nbsp;","listText":"[Duh]&nbsp;","text":"[Duh]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9042426935","repostId":"2247564800","repostType":4,"isVote":1,"tweetType":1,"viewCount":116,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9066141079,"gmtCreate":1651881267591,"gmtModify":1676534988266,"author":{"id":"4110782621739822","authorId":"4110782621739822","name":"oppayong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4110782621739822","idStr":"4110782621739822"},"themes":[],"htmlText":"[Facepalm]&nbsp;","listText":"[Facepalm]&nbsp;","text":"[Facepalm]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9066141079","repostId":"2233939112","repostType":4,"isVote":1,"tweetType":1,"viewCount":35,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9991331424,"gmtCreate":1660780570470,"gmtModify":1676536396880,"author":{"id":"4110782621739822","authorId":"4110782621739822","name":"oppayong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4110782621739822","idStr":"4110782621739822"},"themes":[],"htmlText":"[Facepalm]&nbsp;","listText":"[Facepalm]&nbsp;","text":"[Facepalm]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9991331424","repostId":"1121666838","repostType":4,"repost":{"id":"1121666838","kind":"news","pubTimestamp":1660748537,"share":"https://ttm.financial/m/news/1121666838?lang=&edition=fundamental","pubTime":"2022-08-17 23:02","market":"us","language":"en","title":"Largest Bitcoin Miners Lost Over $1 Billion During Crypto Crash","url":"https://stock-news.laohu8.com/highlight/detail?id=1121666838","media":"Bloomberg","summary":"Top three US publicly-traded miners hit by impairment chargesCompanies turn to more debt, sales of m","content":"<html><head></head><body><ul><li>Top three US publicly-traded miners hit by impairment charges</li><li>Companies turn to more debt, sales of machines for liquidity</li></ul><p>The three-largest US publicly traded Bitcoin mining companies lost more than $1 billion in the second quarter after taking a series of impairment charges spurred by the collapse of cryptocurrency prices.</p><p>Core Scientific Inc.,Marathon Digital Holdings Inc.and Riot Blockchain Inc. posted net losses of $862 million, $192 million and $366 million, respectively, in the three months ended June 30, recent quarterly earnings reports show. Other significant miners such asBitfarms Ltd.andGreenidge Generation Holdings Inc., which reported results Monday, were also forced to write down the value of their holdings in the wake of the almost 60% drop in the price of Bitcoin during the quarter.</p><p>While the shares of crypto-mining companies have enjoyed a respite in recent weeks, they are still deep in the red this year. The miners had to shift from their Bitcoin-hoarding positions and sell coins as they struggled to repay debt and cover operational costs in the recent quarter. That continued into the third quarter.</p><p>“Public miners are still dumping their Bitcoin holdings at a higher rate than their production rate,” Jarand Mellerud, an analyst at Arcane Crypto, wrote in a research note. “Public miners sold 6,200 coins in July, making July the second highest BTC selling month in 2022.”</p><p>The miners weren’t the only industry participants to take significant hits last quarter.Coinbase Global Inc.,the largest US crypto exchange, registered a $1.1 billion loss, whileMicroStrategy Inc.also had a net loss of more than $1 billion.</p><p><img src=\"https://static.tigerbbs.com/44b2c1fa3cfe323160b0ef0dc58a4876\" tg-width=\"649\" tg-height=\"405\" referrerpolicy=\"no-referrer\"/></p><p>Top public miners sold 14,600 coins in June whereas they produced 3,900, Mellerud said. Core Scientific sold nearly 80% of its coins to cover operational costs and fund expansion in June. Bitfarms sold nearly half of its holdings to pay down a $100 million loan in the same month.</p><p>The miners are raising more debt and sell their holdings and mining rigs to stay afloat. Marathonaddedan additional $100 million term loan with crypto-friendly bank Silvergate Capital Corp., while refinancing its existing $100 million line of credit in July. The miner also sold its mining rigs for $58 million. Core Scientific hasentereda $100 million common stock purchase agreement with B. Riley Principal Capital II.</p><p>TheUS Securities and Exchange Commissionhas told public companies with large Bitcoin holdings on their balance sheets they can’t strip out the price swings while disclosing results. The losses aren’t realized unless there is an actual sale of the tokens.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Largest Bitcoin Miners Lost Over $1 Billion During Crypto Crash</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\">\nLargest Bitcoin Miners Lost Over $1 Billion During Crypto Crash\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-17 23:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-08-16/largest-bitcoin-miners-lost-over-1-billion-during-crypto-crash?srnd=cryptocurrencies-v2><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Top three US publicly-traded miners hit by impairment chargesCompanies turn to more debt, sales of machines for liquidityThe three-largest US publicly traded Bitcoin mining companies lost more than $1...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-08-16/largest-bitcoin-miners-lost-over-1-billion-during-crypto-crash?srnd=cryptocurrencies-v2\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CORZ":"Core Scientific, Inc.","RIOT":"Riot Platforms","MARA":"Marathon Digital Holdings Inc"},"source_url":"https://www.bloomberg.com/news/articles/2022-08-16/largest-bitcoin-miners-lost-over-1-billion-during-crypto-crash?srnd=cryptocurrencies-v2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121666838","content_text":"Top three US publicly-traded miners hit by impairment chargesCompanies turn to more debt, sales of machines for liquidityThe three-largest US publicly traded Bitcoin mining companies lost more than $1 billion in the second quarter after taking a series of impairment charges spurred by the collapse of cryptocurrency prices.Core Scientific Inc.,Marathon Digital Holdings Inc.and Riot Blockchain Inc. posted net losses of $862 million, $192 million and $366 million, respectively, in the three months ended June 30, recent quarterly earnings reports show. Other significant miners such asBitfarms Ltd.andGreenidge Generation Holdings Inc., which reported results Monday, were also forced to write down the value of their holdings in the wake of the almost 60% drop in the price of Bitcoin during the quarter.While the shares of crypto-mining companies have enjoyed a respite in recent weeks, they are still deep in the red this year. The miners had to shift from their Bitcoin-hoarding positions and sell coins as they struggled to repay debt and cover operational costs in the recent quarter. That continued into the third quarter.“Public miners are still dumping their Bitcoin holdings at a higher rate than their production rate,” Jarand Mellerud, an analyst at Arcane Crypto, wrote in a research note. “Public miners sold 6,200 coins in July, making July the second highest BTC selling month in 2022.”The miners weren’t the only industry participants to take significant hits last quarter.Coinbase Global Inc.,the largest US crypto exchange, registered a $1.1 billion loss, whileMicroStrategy Inc.also had a net loss of more than $1 billion.Top public miners sold 14,600 coins in June whereas they produced 3,900, Mellerud said. Core Scientific sold nearly 80% of its coins to cover operational costs and fund expansion in June. Bitfarms sold nearly half of its holdings to pay down a $100 million loan in the same month.The miners are raising more debt and sell their holdings and mining rigs to stay afloat. Marathonaddedan additional $100 million term loan with crypto-friendly bank Silvergate Capital Corp., while refinancing its existing $100 million line of credit in July. The miner also sold its mining rigs for $58 million. Core Scientific hasentereda $100 million common stock purchase agreement with B. Riley Principal Capital II.TheUS Securities and Exchange Commissionhas told public companies with large Bitcoin holdings on their balance sheets they can’t strip out the price swings while disclosing results. The losses aren’t realized unless there is an actual sale of the tokens.","news_type":1},"isVote":1,"tweetType":1,"viewCount":344,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9990748202,"gmtCreate":1660435763808,"gmtModify":1676533468241,"author":{"id":"4110782621739822","authorId":"4110782621739822","name":"oppayong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4110782621739822","idStr":"4110782621739822"},"themes":[],"htmlText":"[Surprised]&nbsp;","listText":"[Surprised]&nbsp;","text":"[Surprised]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9990748202","repostId":"2259720034","repostType":2,"isVote":1,"tweetType":1,"viewCount":313,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9041541966,"gmtCreate":1656079425555,"gmtModify":1676535763795,"author":{"id":"4110782621739822","authorId":"4110782621739822","name":"oppayong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4110782621739822","idStr":"4110782621739822"},"themes":[],"htmlText":"[Miser]&nbsp;","listText":"[Miser]&nbsp;","text":"[Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9041541966","repostId":"2245311224","repostType":4,"repost":{"id":"2245311224","kind":"news","pubTimestamp":1656058978,"share":"https://ttm.financial/m/news/2245311224?lang=&edition=fundamental","pubTime":"2022-06-24 16:22","market":"us","language":"en","title":"Is Now A Good Time To Buy Apple Stock As It Dips?","url":"https://stock-news.laohu8.com/highlight/detail?id=2245311224","media":"Seekingalpha","summary":"SummaryApple's shares have lost a quarter of their value year-to-date in 2022, and AAPL now trades a","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Apple&#39;s shares have lost a quarter of their value year-to-date in 2022, and AAPL now trades at 22.0 times forward P/E, which is close to its five-year historical average.</li><li>A key share price driver for AAPL in the near term will be supply-side headwinds turning out to be less severe than feared, as seen with reduced product lead times.</li><li>Apple is a Buy now, as the stock should command higher valuation multiples with an improvement in profitability over time driven by higher services revenue contribution.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/40f69d8740cc2bafe8656b09f1d0bcff\" tg-width=\"1080\" tg-height=\"720\" width=\"100%\" height=\"auto\"/><span>Ivan-balvan/iStock Editorial via Getty Images</span></p><p><b>Elevator Pitch</b></p><p>My investment rating for Apple Inc.&#39;s (NASDAQ:AAPL) shares is a Buy. I did a comparison of Apple and Advanced Micro Devices, Inc. (NASDAQ:AMD) in my previous April 6, 2022, article, and determined that AAPL was the better buy. In this latest update for AAPL, I analyze whether a buying opportunity for Apple has emerged as a result of the pullback in the company&#39;s share price year-to-date in 2022.</p><p>This is a good time to buy Apple&#39;s stock, as the dip in its share price year-to-date has made its valuations more attractive with its forward P/E multiple reverting close to its five-year historical mean. There is room for AAPL&#39;s valuation multiples to expand in tandem with higher profit margins resulting from a superior sales mix tilted towards services.</p><p>AAPL Stock Basics</p><p>Prior to touching on AAPL&#39;s stock price correction, valuations, and outlook, it is relevant to revisit the basics for Apple. In other words, I will be discussing the company&#39;s business model and the investment thesis for the stock in the current section of this article.</p><p>Apple&#39;s business model is to continue expanding the installed base for its flagship hardware device, the iPhone, and cross-sell other hardware products and services to its iPhone users.</p><p>At the company&#39;s earnings call for the first quarter of fiscal 2022 (YE September 30) on January 27, 2022, Apple disclosed that its &#34;installed base of active devices&#34; has set &#34;a new all-time record of 1.8 billion devices.&#34; AAPL updated investors at its Q2 FY 2022 results briefing on April 28, 2022, that the company&#39;s &#34;installed base (of active devices) has continued to grow&#34;, while noting that &#34;the iPhone active installed base reached &#34;a new all-time high.&#34; According to the Business of Apps website&#39;s compilation of data on AAPL, the number of active iPhones (excluding other hardware devices such as iPads) on a worldwide basis had already crossed the 1.2 billion mark by the end of last year.</p><p>The investment thesis for AAPL is closely linked to its business model. Revenue for Apple&#39;s services like the App Store is expected to grow over time in tandem with the increase in the installed base for AAPL&#39;s iPhones and other hardware devices. This should translate into higher profit margins and faster earnings growth for Apple in the medium to long term, as AAPL benefits from a more favorable revenue mix with a rising proportion of sales contribution from higher-margin services.</p><p>The gross profit margin for Apple&#39;s services segment was 72.6% in Q2 FY 2022, which was twice that of the products segment&#39;s gross margin of 36.4% in the same quarter as highlighted at its most recent quarterly investor call. Also, AAPL only derived approximately 20% of its total Q2 FY 2022 revenue from services as per its quarterly earnings press release, so there is room for the company to further optimize its sales mix with a bias towards growing revenue contribution from services at a faster pace.</p><p>In the next section, I focus on Apple&#39;s stock price decline thus far this year.</p><p><b>Why Did Apple Stock Drop?</b></p><p>Apple&#39;s stock price dropped by -25.6% in 2022 thus far, and it underperformed the S&amp;P 500 which was down by -21.0% during the same period.</p><p><b>AAPL&#39;s 2022 Year-to-date Share Price Chart</b></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/39057828144a7f0bc9c470f048173d9e\" tg-width=\"640\" tg-height=\"221\" width=\"100%\" height=\"auto\"/><span>Seeking Alpha</span></p><p>AAPL&#39;s share price weakness is partly attributed to the correction in the broader stock market and technology stocks as a result of investors&#39; worries over higher-than-expected inflation and a potential recession. But there are also company-specific factors that have driven a decline in Apple&#39;s stock price.</p><p>In the past three months, the Q3 FY 2022 consensus earnings per share estimate for Apple has been reduced by -7.5%. Specifically, 25 of the 44 Wall Street analysts covering AAPL&#39;s shares lowered their third-quarter EPS forecasts for the company in the last three months. This is consistent with Apple&#39;s forward-looking management guidance.</p><p>At its Q2 FY 2022 earnings briefing, AAPL had guided for a $4-$8 billion hit to its third-quarter revenue resulting from &#34;COVID-related disruptions (more specifically lockdowns in China) and industry-wide silicon shortages.&#34; The company also highlighted that it expects unfavorable exchange rate fluctuations and the suspension of sales in Russia to impact the YoY growth for its Q3 FY 2022 top line by -3.0 percentage points and -1.5 percentage points, respectively.</p><p>In the next section I touch on whether Apple&#39;s valuations have become more attractive after the year-to-date pull-back in its share price.</p><p><b>Is Apple Stock A Good Value Now?</b></p><p>Following the -25% decline in its stock price thus far this year, Apple&#39;s consensus forward next twelve months&#39; normalized P/E multiple has compressed from its 2022 year-to-date peak of 31.9 times as of January 3, 2022, to 22.0 times as of June 22, as per<i>S&amp;P Capital IQ</i>.</p><p>AAPL is currently trading at 22.0 times forward P/E, which is roughly on par with its five-year mean forward P/E multiple of 21.4 times. When the short-term headwinds (as discussed in the preceding section) eventually ease and the company manages to achieve a more optimal sales mix biased towards higher-margin services in the future, Apple should be able to trade at the high end of its five-year forward P/E valuation range (AAPL&#39;s peak forward P/E multiple in the last five years was 36.6 times) again.</p><p>In conclusion, I think Apple&#39;s stock is good value now, considering its historical valuations and future profitability outlook.</p><p><b>Is Apple Expected To Rise Again?</b></p><p>I am of the opinion that Apple&#39;s stock price is expected to rise again in the short term.</p><p>According to JPMorgan&#39;s (JPM) &#34;Global Product Availability Lead Time Tracker&#34; research report (not publicly available) published on June 19, 2022, the worldwide &#34;lead times in general moderated for Mac and iPads&#34; for the week ended June 17, 2022, which the JPM analysts highlight is &#34;in line with the reopening in China.&#34; Also, JPM&#39;s recent research work found that the current lead times for AAPL&#39;s other products such as the iPhone stayed low at below a week.</p><p>This is consistent with the findings from another bank&#39;s research team. Morgan Stanley (MS) published its North American IT hardware &#34;Monthly Data Tracker&#34; report (not publicly available) on June 22, 2022, which noted that the lead time for the iPad decreased from 15 days as of June 9, 2022, to 14 days as of June 16, 2022. Similarly, the MS analysts&#39; research work suggests that the lead time for the MacBook Pro M1 declined from 62 days to 56 days over the same period.</p><p>In my view, an easing of supply chain constraints as evidenced by the improvement in lead times mentioned above should be a positive re-rating catalyst for Apple in the short term.</p><p><b>What Is The Long-Term Prediction For Apple Stock?</b></p><p>The key aspect of any long-term financial predictions for Apple is the potential improvement in the company&#39;s profitability. As I discussed earlier in this article, a growing percentage of sales derived from higher-margin services should result in an expansion of Apple&#39;s profit margins in the long run. Based on financial projections sourced from<i>S&amp;P Capital IQ</i>, AAPL&#39;s gross profit margin is forecasted to increase from 41.8% in fiscal 2021 to 43.5% by FY 2026.</p><p>The market&#39;s expectations of increased services revenue contribution and improved profitability are reasonable. Apple has been putting in a huge amount of effort to make it easier for the company to cross-sell additional hardware devices and services to its iPhone users as seen with its recent press release.</p><p>On June 6, 2022, Apple revealed the features of its new operating system for the iPhone (iOS16), and also disclosed the introduction of two new laptops.</p><p>In this announcement, AAPL explained that certain &#34;new features for Apple&#39;s Macs and iPads are designed to make it easier to sync with the iPhone.&#34; As an example, the iPhone can be utilized as &#34;a webcam&#34; for &#34;video calls&#34; on Macs going forward, as highlighted in an article published by The Verge on the same day of Apple&#39;s announcement.</p><p>Separately, Apple&#39;s new MacBook Air and MacBook Pro devices will come with Apple&#39;s M2 chip. The company noted in the June 6, 2022, announcement that this is aligned with its goal of &#34;helping people toggle from one Apple device to another.&#34;</p><p>In summary, AAPL is moving in the right direction with new initiatives to enhance integration across the company&#39;s various hardware products, which will increase user switching costs and boost cross-selling efforts (for other hardware devices and services). I predict that this should eventually lead to higher profit margins (consensus FY 2026 gross margin of 43.5%) and an expansion of valuation multiples (current forward P/E multiple of 22.0 times versus five-year P/E of 36.6 times) for Apple.</p><p><b>Is AAPL Stock A Buy, Sell, or Hold?</b></p><p>AAPL stock is a Buy. Apple&#39;s current P/E valuations are undemanding, and there are both short-term catalysts (easing of supply chain constraints) and long-term drivers (profitability improvement) for the company&#39;s shares.</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>Is Now A Good Time To Buy Apple Stock As It Dips?</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\">\nIs Now A Good Time To Buy Apple Stock As It Dips?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-24 16:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4519942-is-now-good-time-buy-apple-stock?source=content_type%3Areact%7Cfirst_level_url%3Ahome%7Csection%3Atrending_articles%7Cline%3A12><strong>Seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryApple's shares have lost a quarter of their value year-to-date in 2022, and AAPL now trades at 22.0 times forward P/E, which is close to its five-year historical average.A key share price ...</p>\n\n<a href=\"https://seekingalpha.com/article/4519942-is-now-good-time-buy-apple-stock?source=content_type%3Areact%7Cfirst_level_url%3Ahome%7Csection%3Atrending_articles%7Cline%3A12\">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/4519942-is-now-good-time-buy-apple-stock?source=content_type%3Areact%7Cfirst_level_url%3Ahome%7Csection%3Atrending_articles%7Cline%3A12","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2245311224","content_text":"SummaryApple's shares have lost a quarter of their value year-to-date in 2022, and AAPL now trades at 22.0 times forward P/E, which is close to its five-year historical average.A key share price driver for AAPL in the near term will be supply-side headwinds turning out to be less severe than feared, as seen with reduced product lead times.Apple is a Buy now, as the stock should command higher valuation multiples with an improvement in profitability over time driven by higher services revenue contribution.Ivan-balvan/iStock Editorial via Getty ImagesElevator PitchMy investment rating for Apple Inc.'s (NASDAQ:AAPL) shares is a Buy. I did a comparison of Apple and Advanced Micro Devices, Inc. (NASDAQ:AMD) in my previous April 6, 2022, article, and determined that AAPL was the better buy. In this latest update for AAPL, I analyze whether a buying opportunity for Apple has emerged as a result of the pullback in the company's share price year-to-date in 2022.This is a good time to buy Apple's stock, as the dip in its share price year-to-date has made its valuations more attractive with its forward P/E multiple reverting close to its five-year historical mean. There is room for AAPL's valuation multiples to expand in tandem with higher profit margins resulting from a superior sales mix tilted towards services.AAPL Stock BasicsPrior to touching on AAPL's stock price correction, valuations, and outlook, it is relevant to revisit the basics for Apple. In other words, I will be discussing the company's business model and the investment thesis for the stock in the current section of this article.Apple's business model is to continue expanding the installed base for its flagship hardware device, the iPhone, and cross-sell other hardware products and services to its iPhone users.At the company's earnings call for the first quarter of fiscal 2022 (YE September 30) on January 27, 2022, Apple disclosed that its \"installed base of active devices\" has set \"a new all-time record of 1.8 billion devices.\" AAPL updated investors at its Q2 FY 2022 results briefing on April 28, 2022, that the company's \"installed base (of active devices) has continued to grow\", while noting that \"the iPhone active installed base reached \"a new all-time high.\" According to the Business of Apps website's compilation of data on AAPL, the number of active iPhones (excluding other hardware devices such as iPads) on a worldwide basis had already crossed the 1.2 billion mark by the end of last year.The investment thesis for AAPL is closely linked to its business model. Revenue for Apple's services like the App Store is expected to grow over time in tandem with the increase in the installed base for AAPL's iPhones and other hardware devices. This should translate into higher profit margins and faster earnings growth for Apple in the medium to long term, as AAPL benefits from a more favorable revenue mix with a rising proportion of sales contribution from higher-margin services.The gross profit margin for Apple's services segment was 72.6% in Q2 FY 2022, which was twice that of the products segment's gross margin of 36.4% in the same quarter as highlighted at its most recent quarterly investor call. Also, AAPL only derived approximately 20% of its total Q2 FY 2022 revenue from services as per its quarterly earnings press release, so there is room for the company to further optimize its sales mix with a bias towards growing revenue contribution from services at a faster pace.In the next section, I focus on Apple's stock price decline thus far this year.Why Did Apple Stock Drop?Apple's stock price dropped by -25.6% in 2022 thus far, and it underperformed the S&P 500 which was down by -21.0% during the same period.AAPL's 2022 Year-to-date Share Price ChartSeeking AlphaAAPL's share price weakness is partly attributed to the correction in the broader stock market and technology stocks as a result of investors' worries over higher-than-expected inflation and a potential recession. But there are also company-specific factors that have driven a decline in Apple's stock price.In the past three months, the Q3 FY 2022 consensus earnings per share estimate for Apple has been reduced by -7.5%. Specifically, 25 of the 44 Wall Street analysts covering AAPL's shares lowered their third-quarter EPS forecasts for the company in the last three months. This is consistent with Apple's forward-looking management guidance.At its Q2 FY 2022 earnings briefing, AAPL had guided for a $4-$8 billion hit to its third-quarter revenue resulting from \"COVID-related disruptions (more specifically lockdowns in China) and industry-wide silicon shortages.\" The company also highlighted that it expects unfavorable exchange rate fluctuations and the suspension of sales in Russia to impact the YoY growth for its Q3 FY 2022 top line by -3.0 percentage points and -1.5 percentage points, respectively.In the next section I touch on whether Apple's valuations have become more attractive after the year-to-date pull-back in its share price.Is Apple Stock A Good Value Now?Following the -25% decline in its stock price thus far this year, Apple's consensus forward next twelve months' normalized P/E multiple has compressed from its 2022 year-to-date peak of 31.9 times as of January 3, 2022, to 22.0 times as of June 22, as perS&P Capital IQ.AAPL is currently trading at 22.0 times forward P/E, which is roughly on par with its five-year mean forward P/E multiple of 21.4 times. When the short-term headwinds (as discussed in the preceding section) eventually ease and the company manages to achieve a more optimal sales mix biased towards higher-margin services in the future, Apple should be able to trade at the high end of its five-year forward P/E valuation range (AAPL's peak forward P/E multiple in the last five years was 36.6 times) again.In conclusion, I think Apple's stock is good value now, considering its historical valuations and future profitability outlook.Is Apple Expected To Rise Again?I am of the opinion that Apple's stock price is expected to rise again in the short term.According to JPMorgan's (JPM) \"Global Product Availability Lead Time Tracker\" research report (not publicly available) published on June 19, 2022, the worldwide \"lead times in general moderated for Mac and iPads\" for the week ended June 17, 2022, which the JPM analysts highlight is \"in line with the reopening in China.\" Also, JPM's recent research work found that the current lead times for AAPL's other products such as the iPhone stayed low at below a week.This is consistent with the findings from another bank's research team. Morgan Stanley (MS) published its North American IT hardware \"Monthly Data Tracker\" report (not publicly available) on June 22, 2022, which noted that the lead time for the iPad decreased from 15 days as of June 9, 2022, to 14 days as of June 16, 2022. Similarly, the MS analysts' research work suggests that the lead time for the MacBook Pro M1 declined from 62 days to 56 days over the same period.In my view, an easing of supply chain constraints as evidenced by the improvement in lead times mentioned above should be a positive re-rating catalyst for Apple in the short term.What Is The Long-Term Prediction For Apple Stock?The key aspect of any long-term financial predictions for Apple is the potential improvement in the company's profitability. As I discussed earlier in this article, a growing percentage of sales derived from higher-margin services should result in an expansion of Apple's profit margins in the long run. Based on financial projections sourced fromS&P Capital IQ, AAPL's gross profit margin is forecasted to increase from 41.8% in fiscal 2021 to 43.5% by FY 2026.The market's expectations of increased services revenue contribution and improved profitability are reasonable. Apple has been putting in a huge amount of effort to make it easier for the company to cross-sell additional hardware devices and services to its iPhone users as seen with its recent press release.On June 6, 2022, Apple revealed the features of its new operating system for the iPhone (iOS16), and also disclosed the introduction of two new laptops.In this announcement, AAPL explained that certain \"new features for Apple's Macs and iPads are designed to make it easier to sync with the iPhone.\" As an example, the iPhone can be utilized as \"a webcam\" for \"video calls\" on Macs going forward, as highlighted in an article published by The Verge on the same day of Apple's announcement.Separately, Apple's new MacBook Air and MacBook Pro devices will come with Apple's M2 chip. The company noted in the June 6, 2022, announcement that this is aligned with its goal of \"helping people toggle from one Apple device to another.\"In summary, AAPL is moving in the right direction with new initiatives to enhance integration across the company's various hardware products, which will increase user switching costs and boost cross-selling efforts (for other hardware devices and services). I predict that this should eventually lead to higher profit margins (consensus FY 2026 gross margin of 43.5%) and an expansion of valuation multiples (current forward P/E multiple of 22.0 times versus five-year P/E of 36.6 times) for Apple.Is AAPL Stock A Buy, Sell, or Hold?AAPL stock is a Buy. Apple's current P/E valuations are undemanding, and there are both short-term catalysts (easing of supply chain constraints) and long-term drivers (profitability improvement) for the company's shares.","news_type":1},"isVote":1,"tweetType":1,"viewCount":231,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9056595484,"gmtCreate":1655041336848,"gmtModify":1676535551645,"author":{"id":"4110782621739822","authorId":"4110782621739822","name":"oppayong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4110782621739822","idStr":"4110782621739822"},"themes":[],"htmlText":"[Grin]&nbsp;","listText":"[Grin]&nbsp;","text":"[Grin]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9056595484","repostId":"2242306965","repostType":4,"isVote":1,"tweetType":1,"viewCount":50,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9023826248,"gmtCreate":1652910999684,"gmtModify":1676535184030,"author":{"id":"4110782621739822","authorId":"4110782621739822","name":"oppayong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4110782621739822","idStr":"4110782621739822"},"themes":[],"htmlText":"[Cry]&nbsp;","listText":"[Cry]&nbsp;","text":"[Cry]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9023826248","repostId":"1142044909","repostType":4,"repost":{"id":"1142044909","kind":"news","pubTimestamp":1652887633,"share":"https://ttm.financial/m/news/1142044909?lang=&edition=fundamental","pubTime":"2022-05-18 23:27","market":"us","language":"en","title":"The Twitter-Tesla Downturn Is Merely The Start","url":"https://stock-news.laohu8.com/highlight/detail?id=1142044909","media":"Seeking Alpha","summary":"SummaryTesla's stock has suffered as a result of Elon Musk's planned Twitter acquisition and the potential for stock stales.Tesla has also been caught up with the overall tech stock sell-off, there's ","content":"<html><head></head><body><p>Summary</p><ul><li>Tesla&#39;s stock has suffered as a result of Elon Musk&#39;s planned Twitter acquisition and the potential for stock stales.</li><li>Tesla has also been caught up with the overall tech stock sell-off, there&#39;s a cost to be viewed as a tech company.</li><li>Tesla has the risk of being popular among popular tech workers, which have suffered more heavily than other market workers.</li><li>We see Tesla as grossly overvalued and more likely to underperform from the market downturn.</li></ul><p>Tesla&#39;s (NASDAQ:TSLA) stock has suffered recently with the company&#39;s market cap dropping to less than $900 billion, after pressure from Elon Musk&#39;s Twitter (TWTR)investment and potential stock sales. Investors might be fooled into thinking that this short-term downturn from stock sales represents an investment opportunity, however, as we&#39;ll see, Tesla still remains significantly overvalued.</p><p>Tesla Volume Ramp</p><p>Tesla&#39;s ability to continue succeeding is based on ramping volume and succeeding with new models.</p><p><img src=\"https://static.tigerbbs.com/2f7055187c8a6996ce847e2854565136\" tg-width=\"640\" tg-height=\"286\" referrerpolicy=\"no-referrer\"/></p><p>Tesla Volume Ramp - Tesla Investor Presentation</p><p>The company has been ramping up volume although its Shanghai factory has suffered from COVID-19 volatility. However, it&#39;s worth noting that the company&#39;s factories and focused capacity for the Model S/X/3 are effectively done. The company could ramp up the Model Y or other future projects, however, it shows the company sees demand for other vehicles as peaked.</p><p>An example of this can be seen on Tesla&#39;s website. The cheapest Model 3 has an estimated delivery date of Aug-Nov 2022. The top end has a Jun-Aug 2022 delivery date. The top end Model Y is Jul-Sep 2022. The company&#39;s backlog has decreased substantially from its prior backlogs, and especially with the potential for a weaker market, we see that weakness continuing.</p><p>With competition increasing significantly, we view Tesla&#39;s volume ramp as slowing down. It&#39;s telling that the company doesn&#39;t have any new factories planned for its Model 3/S/X.</p><p>Tesla Energy Storage/Alternatives</p><p>Tesla has numerous alternative businesses including energy storage and other alternative businesses.</p><p><img src=\"https://static.tigerbbs.com/c143000d4559bfef8336756f8721db1d\" tg-width=\"640\" tg-height=\"307\" referrerpolicy=\"no-referrer\"/></p><p>Tesla Alternative Businesses - Tesla Investor Presentation</p><p>The company&#39;s energy storage business is the bright spot in its alternatives business. The company has seen deployments increase 90% YoY. However, the company does have some risks to the business here. First, energy storage is a worse use of capital from a profit perspective versus building cars. Tesla itself has admitted that before.</p><p>That means that as long as there&#39;s volume demand for the company&#39;s cars, the company&#39;s energy storage will take a back seat. Second is the company&#39;s solar business. We&#39;ve discussed this before, but this business is negligible. It&#39;s decreasing in size, has a single-digit market share and no competitive advantage.</p><p>Tesla Insurance</p><p>Another development for Tesla is the company&#39;s announcement that it&#39;s launching an insurance business.</p><p><img src=\"https://static.tigerbbs.com/50de3780f98ffea0bd1f72d3395fe103\" tg-width=\"900\" tg-height=\"684\" referrerpolicy=\"no-referrer\"/></p><p>Insurance Underwriting Results - PMR Law</p><p>Insurance isn&#39;t a high profit margin business. It relies on the generation of the float and the potential investments of the float to generate returns. A substantial insurance business can take advantage of a continuous float to invest and generate long-term returns without a significant negative impact to that float.</p><p>The takeaway here is that insurance companies operate off of scale. Travelers is the 10th largest insurance company in the world, insures more than 2 million vehicles. Even with 100% of U.S. Tesla owners getting insurance through Tesla, the company won&#39;t reach that number. More so, even if it did, the insurance business would only be valued at a few billion $ based on peers.</p><p>Warren Buffett whose Berkshire Hathaway owns GEICOrecently commented they don&#39;t expect Tesla to outperform here, given their data is mostly the same as the current insurers. Here, we believe the opposite is true. Not only will Tesla not outperform but the company could lose money or, in the event of a mistake, hurt a brand. We see three unique downsides for the company.</p><p>(1) Multi-line discount. Most major insurers offer to bundle home insurance with multiple cars, home insurance, umbrella insurance, etc. Tesla can&#39;t offer those discounts to customers meaning that offering competitively priced insurance will be more difficult.</p><p>(2) Reputation. It&#39;s no secret that Americans hate their insurance providers. Unfortunately, the premise of maximizing profits for the insurer is different from maximizing profits for the insuree. And oftentimes those competing interests come to clash at a tough time. Tesla will need to outperform its customers because of the reputational risk.</p><p>Someone who has a bad experience with Tesla insurance might leave Tesla overall. No one buys a different car because they dislike Progressive.</p><p>(3) Start Up Cost. Insurance is a crowded market without a high barrier to entry. However, Tesla will be spending substantial money to startup and join the industry. The company will be spending cost with no guarantee of returns, which is a risk for the company&#39;s future shareholder returns.</p><p>Tesla and Tech, A Unique Downside</p><p>We want to take the opportunity to highlight what we see as a unique risk for Tesla. The company is a massively popular car among tech industry employees. The carmaker has a &gt;10% market share in California versus a 2% market share in the United States. It&#39;s well known in the hub of the technology industry how popular the company&#39;s cars are.</p><p>However, we see this as a unique potential downside for Tesla. The company&#39;s cheapest cars clock in at 2x the cheapest car from the traditional low-cost manufacturers (Honda and Toyota) as the company has struggled to meet expectations. Even versus luxury manufacturers such as BMW and Mercedes, the company&#39;s cheapest car is more expensive.</p><p>More so, the tech industry has suffered. After leading the bull market for the last 5 years, the market is now down roughly 25%. Given Tesla&#39;s unique positioning to tech industry employees, we expect the downturn will hurt the demand for the company&#39;s products, especially higher end products.</p><p>Tesla Isn&#39;t Recession Proof</p><p>Tesla has reasonably strong cash and cash equivalents at roughly $18 billion. However, the car industry is incredibly capitally intensive, and losses ramp up significantly during a market downturn.</p><p>Through the 2008 recession, U.S.carmakers lost $10s of billions. Capitol obligations can be difficult to avoid in the industry with factories needing to be kept running because the cost of shutting them off is even more expensive. However, that doesn&#39;t mean that they&#39;re making a profit. Tesla hasn&#39;t actually had to face a market downturn yet.</p><p>We expect there are two factors here that will again make Tesla less likely to survive a recession.</p><p>(1) People cut spending during a recession. Tesla is effectively a luxury brand at its pricing. In 2008, Toyota outperformed. During an upcoming recession, we expect Tesla to similarly underperform in line with luxury brands. They also might be less willing to try the uncertainty of an electric vehicle.</p><p>(2) Capital growth. Tesla is focused on growing substantially, and as we saw above, has numerous factories that it&#39;s planning to build. Those capital obligations without production could cause the company to have higher losses than companies only maintaining existing factories. That risk is worth paying close attention to.</p><p><b>Thesis Risk</b></p><p>The largest risk to our thesis is that Tesla is a unique company that has a proven ability to outperform. The company, in many ways, defined electric vehicles as a segment, especially luxury vehicles, and the company&#39;s competitors have struggled to compete. There&#39;s no guarantee that the company can&#39;t continue increasing market share and returns.</p><p>Conclusion</p><p>Tesla is now 40% below its 52-week highs. The company&#39;s weakness was exacerbated by Elon Musk&#39;s ownership and his pledging of the company&#39;s stock against his Twitter acquisition. That sell-off accelerated as a result of the general technology sell-off in the markets. Despite this underperformance, we see that as just the start.</p><p>The company is showing peak demand with no additional factories planned for the Model S/X/3. Most vehicle purchases can see delivery with is shorter delays than other manufacturers&#39; vehicles such as Toyota&#39;s RAV4. We also view the company&#39;s position in the tech markets as a unique risk to its business model. As a result, we continue to recommend against investing in Tesla.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Twitter-Tesla Downturn Is Merely The Start</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Twitter-Tesla Downturn Is Merely The Start\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-18 23:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4512479-twitter-tesla-downturn-is-merely-start><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryTesla's stock has suffered as a result of Elon Musk's planned Twitter acquisition and the potential for stock stales.Tesla has also been caught up with the overall tech stock sell-off, there's ...</p>\n\n<a href=\"https://seekingalpha.com/article/4512479-twitter-tesla-downturn-is-merely-start\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","TWTR":"Twitter"},"source_url":"https://seekingalpha.com/article/4512479-twitter-tesla-downturn-is-merely-start","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1142044909","content_text":"SummaryTesla's stock has suffered as a result of Elon Musk's planned Twitter acquisition and the potential for stock stales.Tesla has also been caught up with the overall tech stock sell-off, there's a cost to be viewed as a tech company.Tesla has the risk of being popular among popular tech workers, which have suffered more heavily than other market workers.We see Tesla as grossly overvalued and more likely to underperform from the market downturn.Tesla's (NASDAQ:TSLA) stock has suffered recently with the company's market cap dropping to less than $900 billion, after pressure from Elon Musk's Twitter (TWTR)investment and potential stock sales. Investors might be fooled into thinking that this short-term downturn from stock sales represents an investment opportunity, however, as we'll see, Tesla still remains significantly overvalued.Tesla Volume RampTesla's ability to continue succeeding is based on ramping volume and succeeding with new models.Tesla Volume Ramp - Tesla Investor PresentationThe company has been ramping up volume although its Shanghai factory has suffered from COVID-19 volatility. However, it's worth noting that the company's factories and focused capacity for the Model S/X/3 are effectively done. The company could ramp up the Model Y or other future projects, however, it shows the company sees demand for other vehicles as peaked.An example of this can be seen on Tesla's website. The cheapest Model 3 has an estimated delivery date of Aug-Nov 2022. The top end has a Jun-Aug 2022 delivery date. The top end Model Y is Jul-Sep 2022. The company's backlog has decreased substantially from its prior backlogs, and especially with the potential for a weaker market, we see that weakness continuing.With competition increasing significantly, we view Tesla's volume ramp as slowing down. It's telling that the company doesn't have any new factories planned for its Model 3/S/X.Tesla Energy Storage/AlternativesTesla has numerous alternative businesses including energy storage and other alternative businesses.Tesla Alternative Businesses - Tesla Investor PresentationThe company's energy storage business is the bright spot in its alternatives business. The company has seen deployments increase 90% YoY. However, the company does have some risks to the business here. First, energy storage is a worse use of capital from a profit perspective versus building cars. Tesla itself has admitted that before.That means that as long as there's volume demand for the company's cars, the company's energy storage will take a back seat. Second is the company's solar business. We've discussed this before, but this business is negligible. It's decreasing in size, has a single-digit market share and no competitive advantage.Tesla InsuranceAnother development for Tesla is the company's announcement that it's launching an insurance business.Insurance Underwriting Results - PMR LawInsurance isn't a high profit margin business. It relies on the generation of the float and the potential investments of the float to generate returns. A substantial insurance business can take advantage of a continuous float to invest and generate long-term returns without a significant negative impact to that float.The takeaway here is that insurance companies operate off of scale. Travelers is the 10th largest insurance company in the world, insures more than 2 million vehicles. Even with 100% of U.S. Tesla owners getting insurance through Tesla, the company won't reach that number. More so, even if it did, the insurance business would only be valued at a few billion $ based on peers.Warren Buffett whose Berkshire Hathaway owns GEICOrecently commented they don't expect Tesla to outperform here, given their data is mostly the same as the current insurers. Here, we believe the opposite is true. Not only will Tesla not outperform but the company could lose money or, in the event of a mistake, hurt a brand. We see three unique downsides for the company.(1) Multi-line discount. Most major insurers offer to bundle home insurance with multiple cars, home insurance, umbrella insurance, etc. Tesla can't offer those discounts to customers meaning that offering competitively priced insurance will be more difficult.(2) Reputation. It's no secret that Americans hate their insurance providers. Unfortunately, the premise of maximizing profits for the insurer is different from maximizing profits for the insuree. And oftentimes those competing interests come to clash at a tough time. Tesla will need to outperform its customers because of the reputational risk.Someone who has a bad experience with Tesla insurance might leave Tesla overall. No one buys a different car because they dislike Progressive.(3) Start Up Cost. Insurance is a crowded market without a high barrier to entry. However, Tesla will be spending substantial money to startup and join the industry. The company will be spending cost with no guarantee of returns, which is a risk for the company's future shareholder returns.Tesla and Tech, A Unique DownsideWe want to take the opportunity to highlight what we see as a unique risk for Tesla. The company is a massively popular car among tech industry employees. The carmaker has a >10% market share in California versus a 2% market share in the United States. It's well known in the hub of the technology industry how popular the company's cars are.However, we see this as a unique potential downside for Tesla. The company's cheapest cars clock in at 2x the cheapest car from the traditional low-cost manufacturers (Honda and Toyota) as the company has struggled to meet expectations. Even versus luxury manufacturers such as BMW and Mercedes, the company's cheapest car is more expensive.More so, the tech industry has suffered. After leading the bull market for the last 5 years, the market is now down roughly 25%. Given Tesla's unique positioning to tech industry employees, we expect the downturn will hurt the demand for the company's products, especially higher end products.Tesla Isn't Recession ProofTesla has reasonably strong cash and cash equivalents at roughly $18 billion. However, the car industry is incredibly capitally intensive, and losses ramp up significantly during a market downturn.Through the 2008 recession, U.S.carmakers lost $10s of billions. Capitol obligations can be difficult to avoid in the industry with factories needing to be kept running because the cost of shutting them off is even more expensive. However, that doesn't mean that they're making a profit. Tesla hasn't actually had to face a market downturn yet.We expect there are two factors here that will again make Tesla less likely to survive a recession.(1) People cut spending during a recession. Tesla is effectively a luxury brand at its pricing. In 2008, Toyota outperformed. During an upcoming recession, we expect Tesla to similarly underperform in line with luxury brands. They also might be less willing to try the uncertainty of an electric vehicle.(2) Capital growth. Tesla is focused on growing substantially, and as we saw above, has numerous factories that it's planning to build. Those capital obligations without production could cause the company to have higher losses than companies only maintaining existing factories. That risk is worth paying close attention to.Thesis RiskThe largest risk to our thesis is that Tesla is a unique company that has a proven ability to outperform. The company, in many ways, defined electric vehicles as a segment, especially luxury vehicles, and the company's competitors have struggled to compete. There's no guarantee that the company can't continue increasing market share and returns.ConclusionTesla is now 40% below its 52-week highs. The company's weakness was exacerbated by Elon Musk's ownership and his pledging of the company's stock against his Twitter acquisition. That sell-off accelerated as a result of the general technology sell-off in the markets. Despite this underperformance, we see that as just the start.The company is showing peak demand with no additional factories planned for the Model S/X/3. Most vehicle purchases can see delivery with is shorter delays than other manufacturers' vehicles such as Toyota's RAV4. We also view the company's position in the tech markets as a unique risk to its business model. As a result, we continue to recommend against investing in Tesla.","news_type":1},"isVote":1,"tweetType":1,"viewCount":56,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9905780532,"gmtCreate":1659937855028,"gmtModify":1703476205459,"author":{"id":"4110782621739822","authorId":"4110782621739822","name":"oppayong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4110782621739822","idStr":"4110782621739822"},"themes":[],"htmlText":"[Grin]&nbsp;","listText":"[Grin]&nbsp;","text":"[Grin]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9905780532","repostId":"2257489740","repostType":4,"isVote":1,"tweetType":1,"viewCount":371,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9901690538,"gmtCreate":1659176772324,"gmtModify":1676536269156,"author":{"id":"4110782621739822","authorId":"4110782621739822","name":"oppayong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4110782621739822","idStr":"4110782621739822"},"themes":[],"htmlText":"[Sly]&nbsp;","listText":"[Sly]&nbsp;","text":"[Sly]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9901690538","repostId":"2255551011","repostType":4,"isVote":1,"tweetType":1,"viewCount":182,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9903402666,"gmtCreate":1659056891855,"gmtModify":1676536251257,"author":{"id":"4110782621739822","authorId":"4110782621739822","name":"oppayong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4110782621739822","idStr":"4110782621739822"},"themes":[],"htmlText":"[Sly]&nbsp;","listText":"[Sly]&nbsp;","text":"[Sly]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9903402666","repostId":"2255049253","repostType":4,"isVote":1,"tweetType":1,"viewCount":287,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9075934278,"gmtCreate":1658125097294,"gmtModify":1676536109378,"author":{"id":"4110782621739822","authorId":"4110782621739822","name":"oppayong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4110782621739822","idStr":"4110782621739822"},"themes":[],"htmlText":"[Thinking]&nbsp;","listText":"[Thinking]&nbsp;","text":"[Thinking]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9075934278","repostId":"2252429634","repostType":4,"isVote":1,"tweetType":1,"viewCount":143,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9073761356,"gmtCreate":1657418804075,"gmtModify":1676536004967,"author":{"id":"4110782621739822","authorId":"4110782621739822","name":"oppayong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4110782621739822","idStr":"4110782621739822"},"themes":[],"htmlText":"[Cool]&nbsp;","listText":"[Cool]&nbsp;","text":"[Cool]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9073761356","repostId":"2249893579","repostType":4,"isVote":1,"tweetType":1,"viewCount":112,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9062816443,"gmtCreate":1652050803382,"gmtModify":1676535017514,"author":{"id":"4110782621739822","authorId":"4110782621739822","name":"oppayong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4110782621739822","idStr":"4110782621739822"},"themes":[],"htmlText":"[Surprised]&nbsp;","listText":"[Surprised]&nbsp;","text":"[Surprised]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9062816443","repostId":"1131831539","repostType":4,"repost":{"id":"1131831539","kind":"news","pubTimestamp":1651980653,"share":"https://ttm.financial/m/news/1131831539?lang=&edition=fundamental","pubTime":"2022-05-08 11:30","market":"us","language":"en","title":"Tesla: Overvalued By 85.26% And Not A Technology Company","url":"https://stock-news.laohu8.com/highlight/detail?id=1131831539","media":"Seeking Alpha","summary":"SummaryMake no mistake, Tesla is a phenomenal company that has accomplished the unthinkable as it broke through extreme barriers of entry to disrupt the auto industry.Just because Tesla is a successfu","content":"<html><head></head><body><p>Summary</p><ul><li>Make no mistake, Tesla is a phenomenal company that has accomplished the unthinkable as it broke through extreme barriers of entry to disrupt the auto industry.</li><li>Just because Tesla is a successful company that is causing automotive titans to change from combustible engines to EVs doesn&#39;t mean Tesla&#39;s stock is a good investment today.</li><li>100% of gross profit and net income is generated from the automotive sector as Tesla&#39;s other businesses lose money, making them an automobile manufacturing company, not a technology company.</li><li>I compared Tesla&#39;s metrics to the auto industry and big tech and the results are the same, Tesla&#39;s valuation is egregious.</li></ul><p>It&#39;s rare to find companies that have cult-like followings with loyalists willing to pay any price for its stock. The debate regarding Tesla, Inc.&#39;s (NASDAQ:TSLA) valuation continues to be a topic of conversation between the bulls and the bears. Oneside argues that TSLA&#39;s financial growth and future prospects, including FSD, insurance, and robotaxis, justify the current $902.12 billion valuations, while others argue that the current financials and cult-like following have led to a massive overvaluation in TSLA&#39;s stock.</p><p>I tip my hat to Elon Musk, as his accomplishments are second to none. When others called him crazy, Mr. Musk chose one of the hardest industries to compete in, started TSLA from the ground up, went to battle against the auto manufacturers, and succeeded. TSLA is one of the rare success stories that has truly shaped an industry, and the barriers of entry that were overcome are astonishing. TSLA didn&#39;t have the capital, manufacturing, credibility, or the infrastructure that its competitors did, yet they found a way to succeed. If the odds weren&#39;t enough which TSLA faced, they accomplished their goals without a combustible engine and pioneered an entirely new sector within the automotive industry.</p><p>Just because TSLA is a great company, it doesn&#39;t mean TSLA has a great stock, or it isn&#39;t overvalued. I am not bearish on TSLA the company because I believe they still have a long runway of growth ahead of them, but I am bearish on the valuation. Prior to leaving a comment on why I am wrong, please read the article and think about the metrics I am citing; then, I will happily discuss any viewpoints about the analysis.</p><p><b>Tesla Vs. The World In The Automotive Sector</b></p><p>It feels like TSLA vs. the world whenever TSLA is discussed. Discussing who makes a better automobile is a matter of opinion, and everyone is correct because it&#39;s their opinion. If person A thinks TSLA makes the best car and person B thinks Mercedes Benz makes the best car, they are both correct. Debating over this is pointless, so let&#39;s look at the raw numbers.</p><p>TSLA has a larger market cap than the combination ofToyota(TM),Volkswagen(OTCPK:VWAGY),Daimler(OTCPK:DDAIF),BMW(OTCPK:BMWYY),General Motors(GM),Ford(F),Honda(HMC),Ferrari(RACE),Nissan(OTCPK:NSANY),Subaru(OTCPK:FUJHY),Volvo(OTCPK:VOLAF), andMazda(OTCPK:MZDAY). TSLA&#39;s market cap is currently $986.92 billion, while the combination of these 12 companies is $777.41 billion.</p><p><img src=\"https://static.tigerbbs.com/ff930d2442bf282c1bd880cca408eb94\" tg-width=\"640\" tg-height=\"327\" referrerpolicy=\"no-referrer\"/></p><p>Steven Fiorillo</p><p>The P/S ratio is often cited to justify the valuation. The combination of TM, VWAGY, DDAIF, BMWYY, GM, F, HMC, RACE, NSANY, FUJHY, VOLAF, and MZDAY has generated $1.38 trillion in revenue over the TTM, putting their P/S at 0.56, while TSLA has generated $62.19 billion in revenue and has a 15.87 P/S.</p><p><img src=\"https://static.tigerbbs.com/c9b9661fde232925a758c38fd2e93f36\" tg-width=\"640\" tg-height=\"330\" referrerpolicy=\"no-referrer\"/></p><p>Steven Fiorillo, Seeking Alpha</p><p>As a combined entity, these 12 companies have generated $118.29 billion in net income, while TSLA has produced $8.4 billion.</p><p><img src=\"https://static.tigerbbs.com/d25806eb839eb9ca2b4ef3c24218048c\" tg-width=\"640\" tg-height=\"330\" referrerpolicy=\"no-referrer\"/></p><p>Steven Fiorillo, Seeking Alpha</p><p>TSLA is a great company, but its current valuation has become overly inflated. TSLA&#39;s market cap is $209.52 billion larger than these 12 auto manufacturers, yet the combination of the 12 auto manufacturers generates $1.32 trillion more in revenue and $109.89 billion more in net income.</p><p><img src=\"https://static.tigerbbs.com/a1b686de4009ca733ff9651ce0d9fcaf\" tg-width=\"640\" tg-height=\"348\" referrerpolicy=\"no-referrer\"/></p><p>Steven Fiorillo, Seeking Alpha</p><p>Looking at the market caps, one would assume that TSLA has a dominant majority over its competitors in auto sales within the U.S. According to the2021 data, TSLA sold 2.02% of all vehicles in the U.S. TSLA&#39;s market cap reflects a level of dominance that is non-existent.</p><p>Realistically, TSLA will have a hard time disrupting the sector further due to the price point of their vehicles. The reality is that, unless TSLA can sell a car that rivals a Honda or Toyota, doubling its market share is going to be a daunting task. It&#39;s just math. TSLA doesn&#39;t have a product for the masses, and while it may continue to grow in the luxury segment, the amount of growth that can be achieved is limited due to the pricing power of the consumer.</p><p><img src=\"https://static.tigerbbs.com/442ffe151dd83bc524785857925f9797\" tg-width=\"640\" tg-height=\"227\" referrerpolicy=\"no-referrer\"/></p><p>www.goodcarbadcar.net</p><p><b>Tesla Isn&#39;t A Technology Company And Shouldn&#39;t Be Valued As One</b></p><p>The valuation rebuttal has always been that TSLA isn&#39;t an automobile company, rather, it&#39;s a technology company.</p><p><img src=\"https://static.tigerbbs.com/bbc9ccb2cb8a0e7d40804db24e183214\" tg-width=\"640\" tg-height=\"341\" referrerpolicy=\"no-referrer\"/></p><p>Tesla</p><p>Page 23 ofTSLA&#39;s Q1 2022 slide deck from their earnings call is their statement of operations. Once again, 100% of TSLA&#39;s gross profit and net income are derived from automobiles. Energy generation and storage lose money as it generates $616 million in revenue while the cost of this revenue is $688 million. The same goes for Services and others, as this segment generates $1.279 billion in revenue while the cost of this revenue is $1.286 billion. This doesn&#39;t even factor in operating expenses.</p><p>TSLA manufacturers state of the art automobiles, but this doesn&#39;t classify them as a technology company, nor should they be classified as one. Since this is always the rebuttal and technology companies trade at larger earnings multiples, I will compare TSLA to Apple (AAPL), Microsoft (MSFT), Amazon (AMZN), Alphabet (GOOG) (GOOGL), and Meta Platforms (FB) and illustrate why TSLA is still drastically overvalued if the market was still to provide it with a tech multiple.</p><p>Prior to the comparisons, I want to frame the analysis by providing each company&#39;s market cap:</p><ul><li>AAPL $2.69 Trillion</li><li>MSFT $2.17 Trillion</li><li>GOOGL $1.62 Trillion</li><li>AMZN $1.28 Trillion</li><li>TSLA $986.92 Billion</li><li>FB $604.62 Billion</li></ul><p>I am going to start with growth because this is always the key metric bulls point out. Since the close of 2018, which is 3.25 fiscal years, TSLA has grown its revenue from $21.46 billion to $62.19 billion.</p><p>This is absolutely remarkable, but it doesn&#39;t place TSLA in the upper epsilon of technology companies. Over the same period, FB grew its revenue by $63.83 billion, which is more than what TSLA produced in the TTM. FB grew its revenue by more than what TSLA produces and generates just about double the revenue ($119.67 billion), yet TSLA has a larger market cap. For everyone who has used growth as their investment premise, FB having a market cap that&#39;s $382.30 less than TSLA nullifies that aspect of the bull thesis. AMZN&#39;s market cap is only $294.33 billion larger than TSLA, yet they generated $477.75 billion in revenue and grew their revenue by $341.76 billion in this period. Using revenue growth for TSLA doesn&#39;t support the valuation.</p><p><img src=\"https://static.tigerbbs.com/3c0fbd4eb93f026c4575ee8f77f53e4b\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"/></p><p>Steven Fiorillo, Seeking Alpha</p><p>Next, I will turn to profits because, at the end of the day, businesses are in the business of making money. Once again, TSLA has done a fantastic job of monetizing its business and, in 3.25 short years, has gone from losing -$976 million to make $8.4 billion in the TTM for an increase of $9.38 billion. FB has produced $37.34 billion in profit in the TTM, and its net income grew by $15.23 billion over this period. Using growth doesn&#39;t support the valuation when FB has a market cap that&#39;s $382.30 less than TSLA and grew its profits in this period by almost double what TSLA has generated in the TTM.</p><p><img src=\"https://static.tigerbbs.com/c9716477607711ee0b6d4f77eb24c890\" tg-width=\"640\" tg-height=\"382\" referrerpolicy=\"no-referrer\"/></p><p>Steven Fiorillo, Seeking Alpha</p><p>The new metric bulls are using in their thesis is TSLA&#39;s free cash flow (FCF). Once again, TSLA has done an excellent job, going from -$221 million of FCF in 2018 to $6.93 billion of FCF in the TTM. Many companies would love to grow their annual FCF by $7.15 billion over a 3.25-year period, and this should be applauded.</p><p>Let&#39;s look at FB once again, since TSLA&#39;s valuation isn&#39;t based on its core segment as an automobile manufacturer. FB has grown its FCF over the previous 3.25 years by $23.45 billion, more than 3x TSLA&#39;s growth, and has generated $39.81 billion of FCF in the TTM. FB generated roughly 5.75x more FCF than TSLA and grew its FCF by more than 3x what TSLA produces, yet FB has a market cap that&#39;s almost $400 billion less than TSLA. Growth within the financials does not support TSLA&#39;s valuation, which is a breath away from $1 trillion.</p><p><img src=\"https://static.tigerbbs.com/902a7074eda9e8f2f2765e0833423d2c\" tg-width=\"640\" tg-height=\"373\" referrerpolicy=\"no-referrer\"/></p><p>Steven Fiorillo, Seeking Alpha</p><p>Today you&#39;re paying a 113.81 P/E for TSLA. Paying a larger multiple for a company that&#39;s growing its earnings quickly is normal, but TSLA isn&#39;t growing by larger amounts than FB, and FB trades at a 16.66 P/E. I have seen TSLA bulls justify the P/E because of TSLA&#39;s growth factor, but this doesn&#39;t hold up when FB has grown by larger amounts from larger starting positions and has a P/E that&#39;s a fraction of TSLA. Look at AAPL, which is the largest company in the world. AAPL has grown its net income by $56.25 billion and its FCF by $52.3 billion over the past 3.25 years, and its P/E is 26.78. People are blindly paying any multiple the market places on TSLA.</p><p><img src=\"https://static.tigerbbs.com/75168f6e39ced721cf0c53d78481a983\" tg-width=\"614\" tg-height=\"335\" referrerpolicy=\"no-referrer\"/>TSLA is trading at a 15.38 P/S. The justification for this multiple is difficult to defend while AMZN trades at a P/S of 11.31. AMZN&#39;s revenue grew by $341.76 billion over the past 3.25 years while TSLA grew their revenue by $40.73 billion. Instead of an absolute basis, looking at this from a percentage aspect, TSLA grew its revenue by 189.78%, while AMZN&#39;s grew by 251.32%. The P/S ratio is not a supporting valuation metric as TSLA is trading at a larger multiple than AMZN yet produced $301.03 billion less in revenue growth compared to AMZN. At the very least, TSLA should trade at a lower P/S multiple than AMZN considering their revenue growth was a fraction of AMZN&#39;s.</p><p><img src=\"https://static.tigerbbs.com/aad00a6c490808962705a1a2dae45cfe\" tg-width=\"608\" tg-height=\"338\" referrerpolicy=\"no-referrer\"/>TSLA has done an excellent job monetizing its revenue, delivering exceptional margins, and generating FCF. Now that TSLA is generating billions in FCF, it&#39;s been inserted into the bull thesis. FCF is a measure of profitability that excludes the non-cash expenses of the income statement and includes spending on equipment and assets as well as changes in working capital from the balance sheet. FCF could be the most underrated and most important financial metric to look at, as this is the pool of capital that companies can utilize to repay debt, pay dividends, buy back shares, make acquisitions, or reinvest in the business.</p><p>Every investment is the present value of all future cash flow. This is why investors look at the price to FCF valuation. Investors want to pay the cheapest multiple for a company&#39;s FCF. Today, you&#39;re paying 142.52x TSLA&#39;s FCF. Going back to the FCF section, TSLA grew its FCF by $7.15 billion over the past 3.25 years. FB generated $23.45 billion of FCF in this period, which is 3x the amount TSLA grew, yet FB is trading at a 15.19x multiple on price to FCF.</p><p>Why on earth would you want to pay 142.52x for TSLA&#39;s FCF when you could pay 15.19x for FB, which is growing their FCF by more than 3x the amount that TSLA is growing by? How about AAPL? AAPL grew its FCF by $52.3 billion and trades at a 25.4x price to FCF. If I exclude FB for a moment, should TSLA trade at a larger FCF multiple than GOOGL, which has grown its FCF by $46.15 billion over the past 3.25 years? My answer is no because there is no guarantee that TSLA will ever generate $46.15 billion in annual FCF, let alone the $68.99 billion in FCF that GOOGL generates.</p><p>So what is a fair price to FCF multiple for TSLA? I don&#39;t believe TSLA has earned the right to trade at the same multiples as the rest of big tech considering the levels of FCF they produce. If I stick with the methodology that FB is egregiously undervalued, then TSLA should trade above 15.19x its FCF but lower than the 23.42x multiple GOOGL trades at.</p><p>I don&#39;t want to be overly bearish, so I will place a 21x multiple on TSLA&#39;s FCF, which is more than fair considering big tech metrics. A 21x multiple on TSLA&#39;s FCF puts its market cap at $145.43 billion, which is -85.26% from its current market cap of $986.92 billion. It&#39;s just math, and if TSLA is going to be valued as a technology company, it needs to be compared to the technology companies with similar market caps.</p><p>At the very least, there isn&#39;t a single reason why TSLA&#39;s market cap is larger than FB&#39;s. There isn&#39;t a single metric that TSLA beats FB in. Based on FB&#39;s valuation, if TSLA traded at the same FCF multiple, it would have a market cap of $105.19 billion.</p><p><img src=\"https://static.tigerbbs.com/b81a61d60d9ec098276569cc4a501da0\" tg-width=\"627\" tg-height=\"341\" referrerpolicy=\"no-referrer\"/>TSLA has a gross profit margin of 27.1% ($16.85b / $62.19b) and a profit margin of 13.51% ($8.4b / $62.19b). FB has a gross profit margin of 80.34% ($96.14b / $119.67b) and a profit margin of 31.2% ($37.34b / $119.67b). FB has much wider margins and is growing its revenue by larger amounts. This reinforces my methodology as to why TSLA is grossly overvalued. GOOGL has a gross profit margin of 56.93% ($153.9b / $270.33b) and a profit margin of 27.57% ($74.54b / $270.33b).</p><p>The chances are incredibly slim that TSLA can double its profit margin to be within striking distance of GOOGL&#39;s. TSLA should not trade at a larger FCF, P/E, or P/S multiple than FB or GOOGL. While the market would indicate that I am wrong today, eventually, the hype will wear off, and TSLA will trade at a realistic valuation.</p><p><b>TSLA&#39;s Future Catalysts Have A Long Way To Go Before Impacting Its Bottom Line</b></p><p>There are three main catalysts people discuss, which include insurance, robotaxis, and FSD.TSLA offers insurance using real-time driving behavior. This is currently available to all Model S, Model 3, Model X, and Model Y owners. The catch is that it&#39;s only available in Arizona, Colorado, Illinois, Ohio, Oregon, Texas, and Virginia as of now.</p><p>TSLA uses a safety rating score to determine the monthly premium for its vehicles. At the largest premium of $130/mo, this would be $1,560 per year. If TSLA converted 100% of their U.S sales in 2021 as an insurance customer, which I think could be possible if TSLA insurance was available in every state, it would have generated $471.12 million in revenue.</p><p>We have no idea what the margins would have been, but if the margin was 50%, it would have been an additional $235.56 million in net income in 2021. While this is nothing to sneeze at, an additional $235.56 million in net income hardly moves the needle. This could be a $1 billion top-line revenue segment in the future, but with availability in only 7 states, insurance&#39;s $1 billion revenue mark is a long way away.</p><p><img src=\"https://static.tigerbbs.com/e86de6232b9abf7cee46a9607eb09741\" tg-width=\"640\" tg-height=\"326\" referrerpolicy=\"no-referrer\"/></p><p>Tesla</p><p>Next,FSD, for which TSLA has created two subscription models, a $99/mo price point and a $199/mo price point. The problem with FSD is that it doesn&#39;t make the vehicle fully autonomous, and you still need a driver to be attentive and alert. While I am not arguing that TSLA&#39;s FSD isn&#39;t leaps and bounds ahead of the competition, the problem is that it&#39;s not exactly a self-driving car.</p><p>The questions around legality and where you can use it pop into my head, and how many of TSLA&#39;s drivers opt for this upgrade. Until there is clear legislation and the technology advances to where vehicles can fully drive a person from point A to B while that person takes a nap or reads, I have a hard time believing enough TSLA owners will spend the extra $199/mo on FSD. If there is somewhere where TSLA produces the numbers about how many owners opt for this package, please let me know, and I will crunch the numbers.</p><p>Which Features Come With My Subscription?</p><blockquote>The FSD capability features you receive are based on your configuration and location. Not all features are available in all markets, and features are subject to change.Learn more about Autopilot and Full Self-Driving capability features.</blockquote><blockquote><i>Note: These features are designed to become more capable over time; however the currently enabled features do not make the vehicle autonomous. The currently enabled features require a fully attentive driver, who has their hands on the wheel and is prepared to take over at any moment.</i></blockquote><p>The last catalyst is Robotaxis which many have commented on in my articles before. We&#39;re so far off on Robotaxis that this can&#39;t be considered in TSLA&#39;s upcoming revenue. I would think major legislation would be needed for Robotaxis to exist, and there is no telling how many years away we are from this.</p><p>Also, what is the percentage of TSLA owners that would actually allow their vehicle to be used as a Robotaxi? Depending on what the profitability is, I can see people buying TSLAs to enroll them in this program, but, once again, we need to see the economics behind it. I know I am just one opinion, but I would never enroll one of my cars into a robotaxi program because I don&#39;t want other people that I don&#39;t know in my car. I would think there are many others that have similar viewpoints.</p><p>The real upcoming catalysts are future revenue growth and entering the Chinese market. In 2021 TSLA grew its YoY revenue by 70.67%, and their off to a great start after Q1 2022. Only time will tell what type of growth rate TSLA can maintain, but too many people are assuming that TSLA will obliterate the competition. Over the next several years, we could see TSLA&#39;s growth rate become significantly reduced as more luxury operators put EVs on the road.</p><p>At TSLA&#39;s current margins, they would need to increase their revenue by 444.55% to $276.47 billion to produce the same amount of net income ($37.34b) that FB produces today at their current 13.51% profit margin. Maybe TSLA can get there in the future, but why should TSLA be valued at almost $1 trillion today, considering not a single metric of theirs is similar to FB or GOOGL, and TSLA&#39;s growth across any of the sectors isn&#39;t larger than FB or GOOGL?</p><p><b>Tesla Continues To Dilute Shareholders, And Almost No Shareholders Care</b></p><p>Dilution kills shareholder value. Look, I am a shareholder of TSLA, and I hate that my shares continue to be diluted. These numbers are split-adjusted that I am using. Over the past decade,TSLA has diluted its shares by 80.93%. This is horrible compared to big tech, yet investors can&#39;t buy enough TSLA shares. TSLA finished 2012 with 572.6 million shares and, as of its last filing, had increased its outstanding shares to 1.036 billion shares.</p><p>This is the equivalent of me taking a pizza, and instead of giving you a slice, cutting another 6.5 slices, then giving you one. The pizza represents TSLA, the company, and they basically turned an 8-slice pie into a 14.5-slice pie, reducing shareholder&#39;s ownership and the amount of equity, revenue, and EPS our shares represent.</p><p>If you want to see what a true shepherd of shareholder value looks like, turn to AAPL. In 2012 AAPL had 26.3 billion shares outstanding. Over the past decade, AAPL has repurchased 10.09 billion shares, reducing its outstanding shares by 38.37%. Every quarter, AAPL is buying back shares and increasing the ownership its shares represent. TSLA, on the other hand, continues to dilute shareholders by increasing shares YOY.</p><p><b>I Could Be Completely Wrong, And Tesla Could Continue Growing At These Rates</b></p><p>TSLA&#39;s vehicle deliveries continue to outpace its growing production. YoY TSLA&#39;s deliveries increased by 68% in Q1, adding 125,171 delivered vehicles to its customers. TSLA just began Model Y deliveries from the Austin facility, and production at the Gigafactory in Berlin started in March of 2022. TSLA&#39;s Shanghai facility had strong production rates prior to the spike in COVID that resulted in temporary shutdowns. TSLA isn&#39;t just focusing on the U.S, they have Europe and China in their sights.</p><p>EVs accounted for 488,000 sales in the U.S for 2021, and the previous projection was that EVs would account for 670,000 units sold in 2022. Oil has hovered around $100 per barrel and could render the previous projections of 37% increased EV sales domestically for 2022 conservative. TSLA is in a prime position to capitalize on this trend. In 2021 TSLA vehicles accounted for 61.89% of EVs sold in the U.S (301,998 / 488,000).</p><p>Hypothetically, if the previous projection of 670,000 EV sales for 2022 is accurate and TSLA maintains its current margin, they would sell 414,628 vehicles throughout the U.S in 2022. If gas prices do alter the decision-making process when deciding between a combustible engine or an EV, then TSLA could continue surprising the market with QoQ earnings beats.</p><p>The U.S has a national goal of reaching 50% of domestic auto sales coming from EVs. In 2021, EVs accounted for 3.26% of total sales in the U.S auto market. Based on U.S auto sales in 2021, annual EV sales would need to grow by 6,989,403 to reach a 50% EV to combustible engine ratio. Hypothetically if U.S auto sales stayed flat but EVs reached 50% of the market in 2030 they would sell 7,477,403 vehicles. If TSLA&#39;s dominance in the EV sector was to drop from 61.89% to 15% due to increased competition, they would generate 1,121,610 in sales compared to 301,998 in 2021. When you add in Europe and China, TSLA certainly has the ability to become a top auto manufacturer by sales next decade.</p><p>Bulls aren&#39;t incorrect to be excited about TSLA. The world is moving toward EVs, and TSLA is the crème de la crème. As I said in the beginning, I am bullish about TSLA&#39;s future prospects, but I think the valuation today is overinflated. Nobody can predict the future, but I have no doubt that TSLA will continue to grow its sales YoY.</p><p>The question becomes, how much growth will they be able to achieve YoY? In 2021, TM generated $226.48 billion of revenue and, based on the future of EVs, TSLA certainly could achieve this level of revenue in the future. Based on TSLA&#39;s current 13.51% profit margin, if they achieved TM&#39;s level of revenue, they would generate $30.59 billion of net income, which would definitely make today&#39;s valuation look more realistic.</p><p><img src=\"https://static.tigerbbs.com/93c9176fa9bebc2c940e038cafd23229\" tg-width=\"603\" tg-height=\"631\" referrerpolicy=\"no-referrer\"/></p><p>Tesla</p><p><b>Conclusion</b></p><p>You&#39;re probably wondering how I can be a shareholder and be a bear on TSLA&#39;s valuation at the same time. It&#39;s simple; my wife bought shares of TSLA, which makes me a shareholder. My stance has always been bullish on the company and bearish on the valuation. What Elon Musk and the team at TSLA has accomplished is astonishing, and they deserve nothing but respect.</p><p>Keep in mind a company and a company&#39;s stock are two separate things. TSLA continues to dilute shareholders, and they and the market are valuing TSLA as if it&#39;s FB or GOOGL. TSLA is not a technology company; it&#39;s an automobile company, as the automotive segments drive 100% of its gross revenue and net income.</p><p>TSLA is trading at a P/E of 113.81, a P/S of 15.38, and a 142.52x multiple on its FCF. The numbers are drastically inflated as TSLA has no business trading at a larger P/S multiple than AMZN, which trades at 11.31 P/S when it has grown its revenue by $341.76 billion over the previous 3.25 years compared to TSLA&#39;s $40.73 billion of revenue growth. TSLA has generated $6.93 billion in FCF over the TTM, while Mr. Market has placed a 142.52x multiple on TSLA due to $7.15 billion FCF growth over the past 3.25 years. FB trades at a 15.19x FCF multiple while growing FCF by $23.45 billion over this period which is more than 3x what TSLA has generated in the TTM.</p><p>With FB trading at 15.19x FCF, GOOGL at 23.42x FCF, and AAPL at 25.4x FCF, it&#39;s hard to justify any number above 20x for TSLA. I think a 21x FCF multiple is generous and that places TSLA at a market cap of $145.43 billion, which is -85.26% from its current market cap of $986.92 billion.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla: Overvalued By 85.26% And Not A Technology Company</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla: Overvalued By 85.26% And Not A Technology Company\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-08 11:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4507535-tesla-overvalued-by-85-26-percent-and-not-a-technology-company><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryMake no mistake, Tesla is a phenomenal company that has accomplished the unthinkable as it broke through extreme barriers of entry to disrupt the auto industry.Just because Tesla is a ...</p>\n\n<a href=\"https://seekingalpha.com/article/4507535-tesla-overvalued-by-85-26-percent-and-not-a-technology-company\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://seekingalpha.com/article/4507535-tesla-overvalued-by-85-26-percent-and-not-a-technology-company","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131831539","content_text":"SummaryMake no mistake, Tesla is a phenomenal company that has accomplished the unthinkable as it broke through extreme barriers of entry to disrupt the auto industry.Just because Tesla is a successful company that is causing automotive titans to change from combustible engines to EVs doesn't mean Tesla's stock is a good investment today.100% of gross profit and net income is generated from the automotive sector as Tesla's other businesses lose money, making them an automobile manufacturing company, not a technology company.I compared Tesla's metrics to the auto industry and big tech and the results are the same, Tesla's valuation is egregious.It's rare to find companies that have cult-like followings with loyalists willing to pay any price for its stock. The debate regarding Tesla, Inc.'s (NASDAQ:TSLA) valuation continues to be a topic of conversation between the bulls and the bears. Oneside argues that TSLA's financial growth and future prospects, including FSD, insurance, and robotaxis, justify the current $902.12 billion valuations, while others argue that the current financials and cult-like following have led to a massive overvaluation in TSLA's stock.I tip my hat to Elon Musk, as his accomplishments are second to none. When others called him crazy, Mr. Musk chose one of the hardest industries to compete in, started TSLA from the ground up, went to battle against the auto manufacturers, and succeeded. TSLA is one of the rare success stories that has truly shaped an industry, and the barriers of entry that were overcome are astonishing. TSLA didn't have the capital, manufacturing, credibility, or the infrastructure that its competitors did, yet they found a way to succeed. If the odds weren't enough which TSLA faced, they accomplished their goals without a combustible engine and pioneered an entirely new sector within the automotive industry.Just because TSLA is a great company, it doesn't mean TSLA has a great stock, or it isn't overvalued. I am not bearish on TSLA the company because I believe they still have a long runway of growth ahead of them, but I am bearish on the valuation. Prior to leaving a comment on why I am wrong, please read the article and think about the metrics I am citing; then, I will happily discuss any viewpoints about the analysis.Tesla Vs. The World In The Automotive SectorIt feels like TSLA vs. the world whenever TSLA is discussed. Discussing who makes a better automobile is a matter of opinion, and everyone is correct because it's their opinion. If person A thinks TSLA makes the best car and person B thinks Mercedes Benz makes the best car, they are both correct. Debating over this is pointless, so let's look at the raw numbers.TSLA has a larger market cap than the combination ofToyota(TM),Volkswagen(OTCPK:VWAGY),Daimler(OTCPK:DDAIF),BMW(OTCPK:BMWYY),General Motors(GM),Ford(F),Honda(HMC),Ferrari(RACE),Nissan(OTCPK:NSANY),Subaru(OTCPK:FUJHY),Volvo(OTCPK:VOLAF), andMazda(OTCPK:MZDAY). TSLA's market cap is currently $986.92 billion, while the combination of these 12 companies is $777.41 billion.Steven FiorilloThe P/S ratio is often cited to justify the valuation. The combination of TM, VWAGY, DDAIF, BMWYY, GM, F, HMC, RACE, NSANY, FUJHY, VOLAF, and MZDAY has generated $1.38 trillion in revenue over the TTM, putting their P/S at 0.56, while TSLA has generated $62.19 billion in revenue and has a 15.87 P/S.Steven Fiorillo, Seeking AlphaAs a combined entity, these 12 companies have generated $118.29 billion in net income, while TSLA has produced $8.4 billion.Steven Fiorillo, Seeking AlphaTSLA is a great company, but its current valuation has become overly inflated. TSLA's market cap is $209.52 billion larger than these 12 auto manufacturers, yet the combination of the 12 auto manufacturers generates $1.32 trillion more in revenue and $109.89 billion more in net income.Steven Fiorillo, Seeking AlphaLooking at the market caps, one would assume that TSLA has a dominant majority over its competitors in auto sales within the U.S. According to the2021 data, TSLA sold 2.02% of all vehicles in the U.S. TSLA's market cap reflects a level of dominance that is non-existent.Realistically, TSLA will have a hard time disrupting the sector further due to the price point of their vehicles. The reality is that, unless TSLA can sell a car that rivals a Honda or Toyota, doubling its market share is going to be a daunting task. It's just math. TSLA doesn't have a product for the masses, and while it may continue to grow in the luxury segment, the amount of growth that can be achieved is limited due to the pricing power of the consumer.www.goodcarbadcar.netTesla Isn't A Technology Company And Shouldn't Be Valued As OneThe valuation rebuttal has always been that TSLA isn't an automobile company, rather, it's a technology company.TeslaPage 23 ofTSLA's Q1 2022 slide deck from their earnings call is their statement of operations. Once again, 100% of TSLA's gross profit and net income are derived from automobiles. Energy generation and storage lose money as it generates $616 million in revenue while the cost of this revenue is $688 million. The same goes for Services and others, as this segment generates $1.279 billion in revenue while the cost of this revenue is $1.286 billion. This doesn't even factor in operating expenses.TSLA manufacturers state of the art automobiles, but this doesn't classify them as a technology company, nor should they be classified as one. Since this is always the rebuttal and technology companies trade at larger earnings multiples, I will compare TSLA to Apple (AAPL), Microsoft (MSFT), Amazon (AMZN), Alphabet (GOOG) (GOOGL), and Meta Platforms (FB) and illustrate why TSLA is still drastically overvalued if the market was still to provide it with a tech multiple.Prior to the comparisons, I want to frame the analysis by providing each company's market cap:AAPL $2.69 TrillionMSFT $2.17 TrillionGOOGL $1.62 TrillionAMZN $1.28 TrillionTSLA $986.92 BillionFB $604.62 BillionI am going to start with growth because this is always the key metric bulls point out. Since the close of 2018, which is 3.25 fiscal years, TSLA has grown its revenue from $21.46 billion to $62.19 billion.This is absolutely remarkable, but it doesn't place TSLA in the upper epsilon of technology companies. Over the same period, FB grew its revenue by $63.83 billion, which is more than what TSLA produced in the TTM. FB grew its revenue by more than what TSLA produces and generates just about double the revenue ($119.67 billion), yet TSLA has a larger market cap. For everyone who has used growth as their investment premise, FB having a market cap that's $382.30 less than TSLA nullifies that aspect of the bull thesis. AMZN's market cap is only $294.33 billion larger than TSLA, yet they generated $477.75 billion in revenue and grew their revenue by $341.76 billion in this period. Using revenue growth for TSLA doesn't support the valuation.Steven Fiorillo, Seeking AlphaNext, I will turn to profits because, at the end of the day, businesses are in the business of making money. Once again, TSLA has done a fantastic job of monetizing its business and, in 3.25 short years, has gone from losing -$976 million to make $8.4 billion in the TTM for an increase of $9.38 billion. FB has produced $37.34 billion in profit in the TTM, and its net income grew by $15.23 billion over this period. Using growth doesn't support the valuation when FB has a market cap that's $382.30 less than TSLA and grew its profits in this period by almost double what TSLA has generated in the TTM.Steven Fiorillo, Seeking AlphaThe new metric bulls are using in their thesis is TSLA's free cash flow (FCF). Once again, TSLA has done an excellent job, going from -$221 million of FCF in 2018 to $6.93 billion of FCF in the TTM. Many companies would love to grow their annual FCF by $7.15 billion over a 3.25-year period, and this should be applauded.Let's look at FB once again, since TSLA's valuation isn't based on its core segment as an automobile manufacturer. FB has grown its FCF over the previous 3.25 years by $23.45 billion, more than 3x TSLA's growth, and has generated $39.81 billion of FCF in the TTM. FB generated roughly 5.75x more FCF than TSLA and grew its FCF by more than 3x what TSLA produces, yet FB has a market cap that's almost $400 billion less than TSLA. Growth within the financials does not support TSLA's valuation, which is a breath away from $1 trillion.Steven Fiorillo, Seeking AlphaToday you're paying a 113.81 P/E for TSLA. Paying a larger multiple for a company that's growing its earnings quickly is normal, but TSLA isn't growing by larger amounts than FB, and FB trades at a 16.66 P/E. I have seen TSLA bulls justify the P/E because of TSLA's growth factor, but this doesn't hold up when FB has grown by larger amounts from larger starting positions and has a P/E that's a fraction of TSLA. Look at AAPL, which is the largest company in the world. AAPL has grown its net income by $56.25 billion and its FCF by $52.3 billion over the past 3.25 years, and its P/E is 26.78. People are blindly paying any multiple the market places on TSLA.TSLA is trading at a 15.38 P/S. The justification for this multiple is difficult to defend while AMZN trades at a P/S of 11.31. AMZN's revenue grew by $341.76 billion over the past 3.25 years while TSLA grew their revenue by $40.73 billion. Instead of an absolute basis, looking at this from a percentage aspect, TSLA grew its revenue by 189.78%, while AMZN's grew by 251.32%. The P/S ratio is not a supporting valuation metric as TSLA is trading at a larger multiple than AMZN yet produced $301.03 billion less in revenue growth compared to AMZN. At the very least, TSLA should trade at a lower P/S multiple than AMZN considering their revenue growth was a fraction of AMZN's.TSLA has done an excellent job monetizing its revenue, delivering exceptional margins, and generating FCF. Now that TSLA is generating billions in FCF, it's been inserted into the bull thesis. FCF is a measure of profitability that excludes the non-cash expenses of the income statement and includes spending on equipment and assets as well as changes in working capital from the balance sheet. FCF could be the most underrated and most important financial metric to look at, as this is the pool of capital that companies can utilize to repay debt, pay dividends, buy back shares, make acquisitions, or reinvest in the business.Every investment is the present value of all future cash flow. This is why investors look at the price to FCF valuation. Investors want to pay the cheapest multiple for a company's FCF. Today, you're paying 142.52x TSLA's FCF. Going back to the FCF section, TSLA grew its FCF by $7.15 billion over the past 3.25 years. FB generated $23.45 billion of FCF in this period, which is 3x the amount TSLA grew, yet FB is trading at a 15.19x multiple on price to FCF.Why on earth would you want to pay 142.52x for TSLA's FCF when you could pay 15.19x for FB, which is growing their FCF by more than 3x the amount that TSLA is growing by? How about AAPL? AAPL grew its FCF by $52.3 billion and trades at a 25.4x price to FCF. If I exclude FB for a moment, should TSLA trade at a larger FCF multiple than GOOGL, which has grown its FCF by $46.15 billion over the past 3.25 years? My answer is no because there is no guarantee that TSLA will ever generate $46.15 billion in annual FCF, let alone the $68.99 billion in FCF that GOOGL generates.So what is a fair price to FCF multiple for TSLA? I don't believe TSLA has earned the right to trade at the same multiples as the rest of big tech considering the levels of FCF they produce. If I stick with the methodology that FB is egregiously undervalued, then TSLA should trade above 15.19x its FCF but lower than the 23.42x multiple GOOGL trades at.I don't want to be overly bearish, so I will place a 21x multiple on TSLA's FCF, which is more than fair considering big tech metrics. A 21x multiple on TSLA's FCF puts its market cap at $145.43 billion, which is -85.26% from its current market cap of $986.92 billion. It's just math, and if TSLA is going to be valued as a technology company, it needs to be compared to the technology companies with similar market caps.At the very least, there isn't a single reason why TSLA's market cap is larger than FB's. There isn't a single metric that TSLA beats FB in. Based on FB's valuation, if TSLA traded at the same FCF multiple, it would have a market cap of $105.19 billion.TSLA has a gross profit margin of 27.1% ($16.85b / $62.19b) and a profit margin of 13.51% ($8.4b / $62.19b). FB has a gross profit margin of 80.34% ($96.14b / $119.67b) and a profit margin of 31.2% ($37.34b / $119.67b). FB has much wider margins and is growing its revenue by larger amounts. This reinforces my methodology as to why TSLA is grossly overvalued. GOOGL has a gross profit margin of 56.93% ($153.9b / $270.33b) and a profit margin of 27.57% ($74.54b / $270.33b).The chances are incredibly slim that TSLA can double its profit margin to be within striking distance of GOOGL's. TSLA should not trade at a larger FCF, P/E, or P/S multiple than FB or GOOGL. While the market would indicate that I am wrong today, eventually, the hype will wear off, and TSLA will trade at a realistic valuation.TSLA's Future Catalysts Have A Long Way To Go Before Impacting Its Bottom LineThere are three main catalysts people discuss, which include insurance, robotaxis, and FSD.TSLA offers insurance using real-time driving behavior. This is currently available to all Model S, Model 3, Model X, and Model Y owners. The catch is that it's only available in Arizona, Colorado, Illinois, Ohio, Oregon, Texas, and Virginia as of now.TSLA uses a safety rating score to determine the monthly premium for its vehicles. At the largest premium of $130/mo, this would be $1,560 per year. If TSLA converted 100% of their U.S sales in 2021 as an insurance customer, which I think could be possible if TSLA insurance was available in every state, it would have generated $471.12 million in revenue.We have no idea what the margins would have been, but if the margin was 50%, it would have been an additional $235.56 million in net income in 2021. While this is nothing to sneeze at, an additional $235.56 million in net income hardly moves the needle. This could be a $1 billion top-line revenue segment in the future, but with availability in only 7 states, insurance's $1 billion revenue mark is a long way away.TeslaNext,FSD, for which TSLA has created two subscription models, a $99/mo price point and a $199/mo price point. The problem with FSD is that it doesn't make the vehicle fully autonomous, and you still need a driver to be attentive and alert. While I am not arguing that TSLA's FSD isn't leaps and bounds ahead of the competition, the problem is that it's not exactly a self-driving car.The questions around legality and where you can use it pop into my head, and how many of TSLA's drivers opt for this upgrade. Until there is clear legislation and the technology advances to where vehicles can fully drive a person from point A to B while that person takes a nap or reads, I have a hard time believing enough TSLA owners will spend the extra $199/mo on FSD. If there is somewhere where TSLA produces the numbers about how many owners opt for this package, please let me know, and I will crunch the numbers.Which Features Come With My Subscription?The FSD capability features you receive are based on your configuration and location. Not all features are available in all markets, and features are subject to change.Learn more about Autopilot and Full Self-Driving capability features.Note: These features are designed to become more capable over time; however the currently enabled features do not make the vehicle autonomous. The currently enabled features require a fully attentive driver, who has their hands on the wheel and is prepared to take over at any moment.The last catalyst is Robotaxis which many have commented on in my articles before. We're so far off on Robotaxis that this can't be considered in TSLA's upcoming revenue. I would think major legislation would be needed for Robotaxis to exist, and there is no telling how many years away we are from this.Also, what is the percentage of TSLA owners that would actually allow their vehicle to be used as a Robotaxi? Depending on what the profitability is, I can see people buying TSLAs to enroll them in this program, but, once again, we need to see the economics behind it. I know I am just one opinion, but I would never enroll one of my cars into a robotaxi program because I don't want other people that I don't know in my car. I would think there are many others that have similar viewpoints.The real upcoming catalysts are future revenue growth and entering the Chinese market. In 2021 TSLA grew its YoY revenue by 70.67%, and their off to a great start after Q1 2022. Only time will tell what type of growth rate TSLA can maintain, but too many people are assuming that TSLA will obliterate the competition. Over the next several years, we could see TSLA's growth rate become significantly reduced as more luxury operators put EVs on the road.At TSLA's current margins, they would need to increase their revenue by 444.55% to $276.47 billion to produce the same amount of net income ($37.34b) that FB produces today at their current 13.51% profit margin. Maybe TSLA can get there in the future, but why should TSLA be valued at almost $1 trillion today, considering not a single metric of theirs is similar to FB or GOOGL, and TSLA's growth across any of the sectors isn't larger than FB or GOOGL?Tesla Continues To Dilute Shareholders, And Almost No Shareholders CareDilution kills shareholder value. Look, I am a shareholder of TSLA, and I hate that my shares continue to be diluted. These numbers are split-adjusted that I am using. Over the past decade,TSLA has diluted its shares by 80.93%. This is horrible compared to big tech, yet investors can't buy enough TSLA shares. TSLA finished 2012 with 572.6 million shares and, as of its last filing, had increased its outstanding shares to 1.036 billion shares.This is the equivalent of me taking a pizza, and instead of giving you a slice, cutting another 6.5 slices, then giving you one. The pizza represents TSLA, the company, and they basically turned an 8-slice pie into a 14.5-slice pie, reducing shareholder's ownership and the amount of equity, revenue, and EPS our shares represent.If you want to see what a true shepherd of shareholder value looks like, turn to AAPL. In 2012 AAPL had 26.3 billion shares outstanding. Over the past decade, AAPL has repurchased 10.09 billion shares, reducing its outstanding shares by 38.37%. Every quarter, AAPL is buying back shares and increasing the ownership its shares represent. TSLA, on the other hand, continues to dilute shareholders by increasing shares YOY.I Could Be Completely Wrong, And Tesla Could Continue Growing At These RatesTSLA's vehicle deliveries continue to outpace its growing production. YoY TSLA's deliveries increased by 68% in Q1, adding 125,171 delivered vehicles to its customers. TSLA just began Model Y deliveries from the Austin facility, and production at the Gigafactory in Berlin started in March of 2022. TSLA's Shanghai facility had strong production rates prior to the spike in COVID that resulted in temporary shutdowns. TSLA isn't just focusing on the U.S, they have Europe and China in their sights.EVs accounted for 488,000 sales in the U.S for 2021, and the previous projection was that EVs would account for 670,000 units sold in 2022. Oil has hovered around $100 per barrel and could render the previous projections of 37% increased EV sales domestically for 2022 conservative. TSLA is in a prime position to capitalize on this trend. In 2021 TSLA vehicles accounted for 61.89% of EVs sold in the U.S (301,998 / 488,000).Hypothetically, if the previous projection of 670,000 EV sales for 2022 is accurate and TSLA maintains its current margin, they would sell 414,628 vehicles throughout the U.S in 2022. If gas prices do alter the decision-making process when deciding between a combustible engine or an EV, then TSLA could continue surprising the market with QoQ earnings beats.The U.S has a national goal of reaching 50% of domestic auto sales coming from EVs. In 2021, EVs accounted for 3.26% of total sales in the U.S auto market. Based on U.S auto sales in 2021, annual EV sales would need to grow by 6,989,403 to reach a 50% EV to combustible engine ratio. Hypothetically if U.S auto sales stayed flat but EVs reached 50% of the market in 2030 they would sell 7,477,403 vehicles. If TSLA's dominance in the EV sector was to drop from 61.89% to 15% due to increased competition, they would generate 1,121,610 in sales compared to 301,998 in 2021. When you add in Europe and China, TSLA certainly has the ability to become a top auto manufacturer by sales next decade.Bulls aren't incorrect to be excited about TSLA. The world is moving toward EVs, and TSLA is the crème de la crème. As I said in the beginning, I am bullish about TSLA's future prospects, but I think the valuation today is overinflated. Nobody can predict the future, but I have no doubt that TSLA will continue to grow its sales YoY.The question becomes, how much growth will they be able to achieve YoY? In 2021, TM generated $226.48 billion of revenue and, based on the future of EVs, TSLA certainly could achieve this level of revenue in the future. Based on TSLA's current 13.51% profit margin, if they achieved TM's level of revenue, they would generate $30.59 billion of net income, which would definitely make today's valuation look more realistic.TeslaConclusionYou're probably wondering how I can be a shareholder and be a bear on TSLA's valuation at the same time. It's simple; my wife bought shares of TSLA, which makes me a shareholder. My stance has always been bullish on the company and bearish on the valuation. What Elon Musk and the team at TSLA has accomplished is astonishing, and they deserve nothing but respect.Keep in mind a company and a company's stock are two separate things. TSLA continues to dilute shareholders, and they and the market are valuing TSLA as if it's FB or GOOGL. TSLA is not a technology company; it's an automobile company, as the automotive segments drive 100% of its gross revenue and net income.TSLA is trading at a P/E of 113.81, a P/S of 15.38, and a 142.52x multiple on its FCF. The numbers are drastically inflated as TSLA has no business trading at a larger P/S multiple than AMZN, which trades at 11.31 P/S when it has grown its revenue by $341.76 billion over the previous 3.25 years compared to TSLA's $40.73 billion of revenue growth. TSLA has generated $6.93 billion in FCF over the TTM, while Mr. Market has placed a 142.52x multiple on TSLA due to $7.15 billion FCF growth over the past 3.25 years. FB trades at a 15.19x FCF multiple while growing FCF by $23.45 billion over this period which is more than 3x what TSLA has generated in the TTM.With FB trading at 15.19x FCF, GOOGL at 23.42x FCF, and AAPL at 25.4x FCF, it's hard to justify any number above 20x for TSLA. I think a 21x FCF multiple is generous and that places TSLA at a market cap of $145.43 billion, which is -85.26% from its current market cap of $986.92 billion.","news_type":1},"isVote":1,"tweetType":1,"viewCount":22,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9082699597,"gmtCreate":1650555319843,"gmtModify":1676534751370,"author":{"id":"4110782621739822","authorId":"4110782621739822","name":"oppayong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4110782621739822","idStr":"4110782621739822"},"themes":[],"htmlText":"[Cry]&nbsp;","listText":"[Cry]&nbsp;","text":"[Cry]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9082699597","repostId":"1140330922","repostType":4,"isVote":1,"tweetType":1,"viewCount":178,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}