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2023-07-02

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Tesla Deliveries Should Hit Another Record In Q2, So Why The Wave Of TSLA Stock Downgrades?

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how the company's policy of price cuts and discounts have done to woo consumers to the ","content":"<html><head></head><body><p>Tesla (TSLA) is expected to report global second-quarter delivery data this weekend, giving investors an idea of how the company&#39;s policy of price cuts and discounts have done to woo consumers to the brand. Meanwhile, Tesla stock received four downgrades ahead of the release, with analysts expecting vehicle price to continue weighing on gross margins.</p><p>Tesla is slated to announce record deliveries for the second quarter, probably on Sunday, July 2. Wall Street predicts Tesla deliveries growing 74% to 445,000, according to FactSet. The big year-over-year increase reflects easy comparisons to Q2 2022, when Tesla&#39;s Shanghai plant was shut down for Covid lockdowns for several weeks. Also, the Berlin and Austin, Texas, plants were slowly ramping up output.</p><h2 style=\"text-align: start;\">Analysts Make Predictions</h2><p style=\"text-align: start;\">Late Monday, Piper Sandler estimated Tesla Q2 deliveries may total 469,000. However, analyst Alex Potter wrote the firm&#39;s estimate &#34;may be a tad high.&#34;</p><p style=\"text-align: start;\">&#34;Regardless of the outcome this weekend, we wouldn&#39;t be surprised to see profit-taking in the coming months, given the stock&#39;s recent outperformance, as well as the likelihood of operational hiccups,&#34; Potter wrote.</p><p style=\"text-align: start;\">&#34;The outlook for gross margin will probably be even more important than production,&#34; he added. &#34;Prices have been stable, but price cuts in Q3, if any, could reignite concern re: margins.&#34;</p><p>Meanwhile, Deutsche Bank raised its TSLA stock price target to 230 from 200 on Monday, maintaining a buy rating on the shares.</p><p style=\"text-align: start;\">The firm revised its estimates for Q2 deliveries to 448,000 units, above analyst consensus. Deutsche Bank predicts about 168,000 vehicles sold in North America, 153,000 in China, 87,000 in Europe and 23,000 in the rest of the world.</p><p>Guggenheim also raised the firm&#39;s price target on Tesla stock Monday to 112, up from 105, keeping a sell rating. Guggenheim forecasts 446,000 units delivered in Q2. The firm&#39;s view is that end-of-quarter vehicle incentives and discounting could boost sales.</p><p style=\"text-align: start;\">The two Tesla stock price hikes come as the global EV giant has been handed four downgrades, including revisions from Goldman Sachs and Morgan Stanley, over the last six days.</p><p style=\"text-align: start;\">Tesla stock 2.7% to 263.56 in weekly market trade, reversing higher after tumbling 6.1% on Monday.</p><h2 style=\"text-align: start;\">Tesla Tries To Move Inventory</h2><p style=\"text-align: start;\">The EV giant has been working to move inventory before the end of the quarter, offering discounts and deals running through the end of June.</p><p style=\"text-align: start;\">In mid-June, the EV giant began offering customers who order a Model 3 between June 14-30 three-months of unlimited free supercharging, according to the company&#39;s website.</p><p style=\"text-align: start;\">In China, Tesla once again be offering insurance subsidies on Model 3 vehicles. Costumers in China who buy and complete delivery of an inventory Model 3 rear-wheel drive vehicle before the end of June will be eligible for an insurance subsidy of about $1,120, according CnEVPost.</p><p style=\"text-align: start;\">Tesla also got all Model 3 vehicle trims eligible for the full $7,500 tax credit under the Inflation Reduction Act (IRA) in early June. Tesla&#39;s Model 3 and Model Y vehicles all qualify for the $7,500 tax credit.</p><h2 style=\"text-align: start;\">Tesla Stock: Sky High Expectations For 2023 Deliveries</h2><p style=\"text-align: start;\">Analysts predict Tesla deliveries in 2023 to come in around 1.82 million, up from 1.313 million in 2022.</p><p style=\"text-align: start;\">In April, Tesla Chief Executive Elon Musk told analysts Tesla is &#34;comfortable&#34; with its 2023 production target of 1.8 million. However, he downplayed the 2 million production number he used at the end of the fourth quarter.</p><p style=\"text-align: start;\">&#34;These are volatile times,&#34; Musk said. &#34;From a production standpoint, if things go well, we&#39;ve got a shot at 2 million vehicles here. But that is the upside case.&#34;</p><p style=\"text-align: start;\">Tesla has not given a 2023 delivery target.</p><p style=\"text-align: start;\">In Q1, Tesla deliveries rose 36% vs. a year earlier to 422,875. That was 4% above the prior record of 405,278 in Q4. However, Wall Street expected around 431,000 Tesla deliveries. Q1 deliveries included 412,180 Model 3 and Y vehicles, along with 10,695 Model S and X luxury vehicles. Production once again exceeded deliveries, at 440,808. Model S and X production was at 19,437.</p><p style=\"text-align: start;\">The Tesla Model Y was the world&#39;s bestselling vehicle of any type in Q1, according to data compiled by industry analyst JATO Dynamics for Motor1. The Model Y had 267,200 sales in Q1, according to data from 53 markets and estimates for the rest of the world.</p><p style=\"text-align: start;\">Tesla has just four models, with the bulk of its sales the Model Y crossover SUV. However, the Cybertruck is expected later this year. There&#39;s also the specter of a revamped Model 3, but it&#39;s unclear what the changes will be.</p><h2 style=\"text-align: start;\">Tesla Stock</h2><p style=\"text-align: start;\">Tesla shares are up 114% in 2023 and 159% from their Jan. 6 low. TSLA is down substantially from the all-time high 414.50 it hit in November 2021.</p><p style=\"text-align: start;\">Tesla is well extended past a 207.79 buy point from what&#39;s either a cup or a double-bottom base.</p><p style=\"text-align: start;\">Analysts continue to worry about price cuts weighing on gross margins, and TSLA valuation.</p><p style=\"text-align: start;\">On April 19, Tesla reported a big first-quarter earnings decline while revenue missed views. Profit margins for the global EV giant also fell below 20% as the company executed an aggressive price-slashing strategy in the first part of 2023. Tesla reported revenue increasing 24% to $23.33 billion with earnings of 85 cents a share, a 20% decline compared with 2022.</p><p style=\"text-align: start;\">The EV company&#39;s total gross profit came in at $4.5 billion, with Tesla&#39;s profit gross margin at 19.3%, down from 23.8% in the fourth quarter and 29.1% a year earlier.</p><p style=\"text-align: start;\">Auto gross margins excluding regulatory credits and leases skidded to 18.3% from 23.8% in the fourth quarter. That remains below the 20% gross margin &#34;floor&#34; Tesla previously targeted.</p><p style=\"text-align: start;\">Tesla stock ranks third in IBD&#39;s automaker industry group. It has a 98 Composite Rating out of 99. Tesla has a 89 Relative Strength Rating and its EPS Rating is 93 out of 99.</p></body></html>","source":"lsy1671069246760","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 Deliveries Should Hit Another Record In Q2, So Why The Wave Of TSLA Stock Downgrades?</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 Deliveries Should Hit Another Record In Q2, So Why The Wave Of TSLA Stock Downgrades?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-07-02 11:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investors.com/news/tesla-deliveries-q2-record-tesla-stock/><strong>Investor’s Business Daily</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tesla (TSLA) is expected to report global second-quarter delivery data this weekend, giving investors an idea of how the company's policy of price cuts and discounts have done to woo consumers to the ...</p>\n\n<a href=\"https://www.investors.com/news/tesla-deliveries-q2-record-tesla-stock/\">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://www.investors.com/news/tesla-deliveries-q2-record-tesla-stock/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137645835","content_text":"Tesla (TSLA) is expected to report global second-quarter delivery data this weekend, giving investors an idea of how the company's policy of price cuts and discounts have done to woo consumers to the brand. Meanwhile, Tesla stock received four downgrades ahead of the release, with analysts expecting vehicle price to continue weighing on gross margins.Tesla is slated to announce record deliveries for the second quarter, probably on Sunday, July 2. Wall Street predicts Tesla deliveries growing 74% to 445,000, according to FactSet. The big year-over-year increase reflects easy comparisons to Q2 2022, when Tesla's Shanghai plant was shut down for Covid lockdowns for several weeks. Also, the Berlin and Austin, Texas, plants were slowly ramping up output.Analysts Make PredictionsLate Monday, Piper Sandler estimated Tesla Q2 deliveries may total 469,000. However, analyst Alex Potter wrote the firm's estimate \"may be a tad high.\"\"Regardless of the outcome this weekend, we wouldn't be surprised to see profit-taking in the coming months, given the stock's recent outperformance, as well as the likelihood of operational hiccups,\" Potter wrote.\"The outlook for gross margin will probably be even more important than production,\" he added. \"Prices have been stable, but price cuts in Q3, if any, could reignite concern re: margins.\"Meanwhile, Deutsche Bank raised its TSLA stock price target to 230 from 200 on Monday, maintaining a buy rating on the shares.The firm revised its estimates for Q2 deliveries to 448,000 units, above analyst consensus. Deutsche Bank predicts about 168,000 vehicles sold in North America, 153,000 in China, 87,000 in Europe and 23,000 in the rest of the world.Guggenheim also raised the firm's price target on Tesla stock Monday to 112, up from 105, keeping a sell rating. Guggenheim forecasts 446,000 units delivered in Q2. The firm's view is that end-of-quarter vehicle incentives and discounting could boost sales.The two Tesla stock price hikes come as the global EV giant has been handed four downgrades, including revisions from Goldman Sachs and Morgan Stanley, over the last six days.Tesla stock 2.7% to 263.56 in weekly market trade, reversing higher after tumbling 6.1% on Monday.Tesla Tries To Move InventoryThe EV giant has been working to move inventory before the end of the quarter, offering discounts and deals running through the end of June.In mid-June, the EV giant began offering customers who order a Model 3 between June 14-30 three-months of unlimited free supercharging, according to the company's website.In China, Tesla once again be offering insurance subsidies on Model 3 vehicles. Costumers in China who buy and complete delivery of an inventory Model 3 rear-wheel drive vehicle before the end of June will be eligible for an insurance subsidy of about $1,120, according CnEVPost.Tesla also got all Model 3 vehicle trims eligible for the full $7,500 tax credit under the Inflation Reduction Act (IRA) in early June. Tesla's Model 3 and Model Y vehicles all qualify for the $7,500 tax credit.Tesla Stock: Sky High Expectations For 2023 DeliveriesAnalysts predict Tesla deliveries in 2023 to come in around 1.82 million, up from 1.313 million in 2022.In April, Tesla Chief Executive Elon Musk told analysts Tesla is \"comfortable\" with its 2023 production target of 1.8 million. However, he downplayed the 2 million production number he used at the end of the fourth quarter.\"These are volatile times,\" Musk said. \"From a production standpoint, if things go well, we've got a shot at 2 million vehicles here. But that is the upside case.\"Tesla has not given a 2023 delivery target.In Q1, Tesla deliveries rose 36% vs. a year earlier to 422,875. That was 4% above the prior record of 405,278 in Q4. However, Wall Street expected around 431,000 Tesla deliveries. Q1 deliveries included 412,180 Model 3 and Y vehicles, along with 10,695 Model S and X luxury vehicles. Production once again exceeded deliveries, at 440,808. Model S and X production was at 19,437.The Tesla Model Y was the world's bestselling vehicle of any type in Q1, according to data compiled by industry analyst JATO Dynamics for Motor1. The Model Y had 267,200 sales in Q1, according to data from 53 markets and estimates for the rest of the world.Tesla has just four models, with the bulk of its sales the Model Y crossover SUV. However, the Cybertruck is expected later this year. There's also the specter of a revamped Model 3, but it's unclear what the changes will be.Tesla StockTesla shares are up 114% in 2023 and 159% from their Jan. 6 low. TSLA is down substantially from the all-time high 414.50 it hit in November 2021.Tesla is well extended past a 207.79 buy point from what's either a cup or a double-bottom base.Analysts continue to worry about price cuts weighing on gross margins, and TSLA valuation.On April 19, Tesla reported a big first-quarter earnings decline while revenue missed views. Profit margins for the global EV giant also fell below 20% as the company executed an aggressive price-slashing strategy in the first part of 2023. Tesla reported revenue increasing 24% to $23.33 billion with earnings of 85 cents a share, a 20% decline compared with 2022.The EV company's total gross profit came in at $4.5 billion, with Tesla's profit gross margin at 19.3%, down from 23.8% in the fourth quarter and 29.1% a year earlier.Auto gross margins excluding regulatory credits and leases skidded to 18.3% from 23.8% in the fourth quarter. That remains below the 20% gross margin \"floor\" Tesla previously targeted.Tesla stock ranks third in IBD's automaker industry group. It has a 98 Composite Rating out of 99. Tesla has a 89 Relative Strength Rating and its EPS Rating is 93 out of 99.","news_type":1},"isVote":1,"tweetType":1,"viewCount":303,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9970292159,"gmtCreate":1684454871772,"gmtModify":1684454875703,"author":{"id":"4111809398482662","authorId":"4111809398482662","name":"Great Joy","avatar":"https://community-static.tradeup.com/news/60d4182388f8b85c577b0310c872c28d","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4111809398482662","authorIdStr":"4111809398482662"},"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":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970292159","repostId":"9970847269","repostType":1,"repost":{"id":9970847269,"gmtCreate":1684325192551,"gmtModify":1684325231654,"author":{"id":"3527667668165440","authorId":"3527667668165440","name":"Capital_Insights","avatar":"https://static.tigerbbs.com/cfdc66fff48bb2b9e2d328ac5eb33100","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3527667668165440","authorIdStr":"3527667668165440"},"themes":[],"title":"The Top 20 Holdings of Institution: $MSFT, $AAPL, $AMZN...","htmlText":"Under SEC regulations, fund managers with assets under management exceeding $100 million are required to file a document known as \"Form 13F\" within 45 days of each quarter's end, disclosing their holdings in stocks and bonds.Recently, major institutions have released their position data. Based on the 13F holdings data, do you know which stocks the institutions purchased in Q1?The following chart presents the top 20 holdings of institutional investors:Ticker# Shareholding institutions#Institutions QoQ (%)Market value of institutional holdings ($M) <a href=\"https://ttm.financial/S/MSFT\">$Microsoft(MSFT)$</a> 3,8000.81,009,842.09 <a href=\"https://ttm.financial/S/AAPL\">$Apple(AAPL)$</a> 3,7190.46978,148.19 <a href=\"https://ttm.financial/S/AMZN\">$Amazon.com(AMZN)$</a> 3,328-0.3424,312.75","listText":"Under SEC regulations, fund managers with assets under management exceeding $100 million are required to file a document known as \"Form 13F\" within 45 days of each quarter's end, disclosing their holdings in stocks and bonds.Recently, major institutions have released their position data. Based on the 13F holdings data, do you know which stocks the institutions purchased in Q1?The following chart presents the top 20 holdings of institutional investors:Ticker# Shareholding institutions#Institutions QoQ (%)Market value of institutional holdings ($M) <a href=\"https://ttm.financial/S/MSFT\">$Microsoft(MSFT)$</a> 3,8000.81,009,842.09 <a href=\"https://ttm.financial/S/AAPL\">$Apple(AAPL)$</a> 3,7190.46978,148.19 <a href=\"https://ttm.financial/S/AMZN\">$Amazon.com(AMZN)$</a> 3,328-0.3424,312.75","text":"Under SEC regulations, fund managers with assets under management exceeding $100 million are required to file a document known as \"Form 13F\" within 45 days of each quarter's end, disclosing their holdings in stocks and bonds.Recently, major institutions have released their position data. Based on the 13F holdings data, do you know which stocks the institutions purchased in Q1?The following chart presents the top 20 holdings of institutional investors:Ticker# Shareholding institutions#Institutions QoQ (%)Market value of institutional holdings ($M) $Microsoft(MSFT)$ 3,8000.81,009,842.09 $Apple(AAPL)$ 3,7190.46978,148.19 $Amazon.com(AMZN)$ 3,328-0.3424,312.75","images":[],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970847269","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":147,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9970856581,"gmtCreate":1684310248543,"gmtModify":1684310251647,"author":{"id":"4111809398482662","authorId":"4111809398482662","name":"Great Joy","avatar":"https://community-static.tradeup.com/news/60d4182388f8b85c577b0310c872c28d","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4111809398482662","authorIdStr":"4111809398482662"},"themes":[],"htmlText":"Thanks&nbsp;","listText":"Thanks&nbsp;","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970856581","repostId":"1126145654","repostType":2,"repost":{"id":"1126145654","pubTimestamp":1684305495,"share":"https://ttm.financial/m/news/1126145654?lang=&edition=fundamental","pubTime":"2023-05-17 14:38","market":"us","language":"en","title":"Nvidia Stock Is Up Over 103% YTD - Making Shorting Its Puts Attractive For Income Plays","url":"https://stock-news.laohu8.com/highlight/detail?id=1126145654","media":"Barchart","summary":"Nvidia Corp  stock is up over 103% YTD, including 10%+ in the last month. NVDA stock is trading at $","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/NVDA\">Nvidia Corp </a> stock is up over 103% YTD, including 10%+ in the last month. NVDA stock is trading at $296.89 on May 16, up from $146.14 where it ended last year. This activity has pushed up its put option premiums and made shorting out-of-the-money puts ideal for investors to create income.</p><p style=\"text-align: start;\">I discussed this in my last article on April 24, “Nvidia Stock Is on a Tear Up 86% YTD - Pushing Its Put Premiums Sky High.” This move upward since then is despite the fact that NVDA stock has a sky-high valuation. </p><p style=\"text-align: start;\">For example, at the time its price-to-earnings (P/E) multiple was 60x, but now it is <u>64x for the year ending Jan. 2024</u>, according to Seeking Alpha. Moreover, analysts forecast earnings per share of $6.13 for 2024, pushing the forward P/E for the year ending Jan. 25 down to 47.3x.</p><h3 style=\"text-align: start;\">AI Gold Rush</h3><p style=\"text-align: start;\">The reason for this excessive enthusiasm for the stock is related to the push for AI products by virtually every tech company. In fact, one article summarized it simply like this: “Nvidia is the picks and shovel leader in the ‘AI gold rush,’ BofA says.&#34;</p><p>The BofA analyst, Vivek Arya, wrote that generative AI demand is pushing demand for Nvidia&#39;s super-powerful semiconductor chips. Nvidia CEO Jensen Huang discussed this move into AI chips with <u>CNBC in late March</u>. He said that the appeal of AI is that it is a brand-new computing platform you can program with your own language. </p><p style=\"text-align: start;\">He said that “no application in the world has been so easy to use and so effective when you tell it to do something” - referring to generative ChatGPT AI apps. This is now the fastest-growing in the world as a result. This is what is powering Nvidia&#39;s next-gen chips, which are “democratizing AI” computer programing capabilities for all users.</p><h3 style=\"text-align: start;\">One Play Is Short OTM Puts</h3><p style=\"text-align: start;\">In my prior article, I wrote that the put options expiring this Friday, May 19 were very attractive on April 24. For example, <u>the $250 strike price puts</u>, which were 7.8% below the spot price at the time, traded for $4.05 per put. That provided an attractive 1.62% income yield (i.e., $4.05/$250) with 27 days left in the period. </p><p style=\"text-align: start;\">Today, those $250 puts are now trading for just 3 cents on the ask side. In other words, that trade has been a huge success, and the investor will likely want to roll that over by buying back the short put. They can now do another similar trade for one month forward.</p><p style=\"text-align: start;\">For example, for the June 9 expiration period, which is 24 days from now, the <u>$270 strike price puts trade at $5.15 per put</u>. This provides an attractive 1.91% yield based on the strike price (i.e., $5.15/$270), for a strike price that is 8.52% below today&#39;s spot price of $296.89</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/15fdf9fa19137ea828789f16db2bac5b\" alt=\"NVDA Puts - Expiring June 9 - Barchart - As of May 16, 2023\" title=\"NVDA Puts - Expiring June 9 - Barchart - As of May 16, 2023\" tg-width=\"1098\" tg-height=\"436\"/><span>NVDA Puts - Expiring June 9 - Barchart - As of May 16, 2023</span></p><p style=\"text-align: start;\">That means that the investor who secures $27,000 with their brokerage firm in cash and/or margin, can then enter an order to “Sell to Open” 1 put contract at $270.00 for expiration on June 9. Their account will immediately receive $515.00. That is why this is an attractive 1.91% yield for the investor.</p><p style=\"text-align: start;\">In fact, if this trade can be repeated each month for a year, the investor would make 22.89% annually. This is an attractive way for long investors in NVDA stock to create income. Moreover, if the stock falls to this $270 strike price in three weeks the investor gets to purchase the stock at a discount. </p><p style=\"text-align: start;\">Given the enthusiasm for this AI gold rush stock, that is a good way for long-term investors to make income while waiting for the stock to keep moving higher.</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>Nvidia Stock Is Up Over 103% YTD - Making Shorting Its Puts Attractive For Income Plays</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\">\nNvidia Stock Is Up Over 103% YTD - Making Shorting Its Puts Attractive For Income Plays\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-05-17 14:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barchart.com/story/news/16933438/nvidia-stock-is-up-over-103-ytd-making-shorting-its-puts-attractive-for-income-plays><strong>Barchart</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nvidia Corp  stock is up over 103% YTD, including 10%+ in the last month. NVDA stock is trading at $296.89 on May 16, up from $146.14 where it ended last year. This activity has pushed up its put ...</p>\n\n<a href=\"https://www.barchart.com/story/news/16933438/nvidia-stock-is-up-over-103-ytd-making-shorting-its-puts-attractive-for-income-plays\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达"},"source_url":"https://www.barchart.com/story/news/16933438/nvidia-stock-is-up-over-103-ytd-making-shorting-its-puts-attractive-for-income-plays","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126145654","content_text":"Nvidia Corp  stock is up over 103% YTD, including 10%+ in the last month. NVDA stock is trading at $296.89 on May 16, up from $146.14 where it ended last year. This activity has pushed up its put option premiums and made shorting out-of-the-money puts ideal for investors to create income.I discussed this in my last article on April 24, “Nvidia Stock Is on a Tear Up 86% YTD - Pushing Its Put Premiums Sky High.” This move upward since then is despite the fact that NVDA stock has a sky-high valuation. For example, at the time its price-to-earnings (P/E) multiple was 60x, but now it is 64x for the year ending Jan. 2024, according to Seeking Alpha. Moreover, analysts forecast earnings per share of $6.13 for 2024, pushing the forward P/E for the year ending Jan. 25 down to 47.3x.AI Gold RushThe reason for this excessive enthusiasm for the stock is related to the push for AI products by virtually every tech company. In fact, one article summarized it simply like this: “Nvidia is the picks and shovel leader in the ‘AI gold rush,’ BofA says.\"The BofA analyst, Vivek Arya, wrote that generative AI demand is pushing demand for Nvidia's super-powerful semiconductor chips. Nvidia CEO Jensen Huang discussed this move into AI chips with CNBC in late March. He said that the appeal of AI is that it is a brand-new computing platform you can program with your own language. He said that “no application in the world has been so easy to use and so effective when you tell it to do something” - referring to generative ChatGPT AI apps. This is now the fastest-growing in the world as a result. This is what is powering Nvidia's next-gen chips, which are “democratizing AI” computer programing capabilities for all users.One Play Is Short OTM PutsIn my prior article, I wrote that the put options expiring this Friday, May 19 were very attractive on April 24. For example, the $250 strike price puts, which were 7.8% below the spot price at the time, traded for $4.05 per put. That provided an attractive 1.62% income yield (i.e., $4.05/$250) with 27 days left in the period. Today, those $250 puts are now trading for just 3 cents on the ask side. In other words, that trade has been a huge success, and the investor will likely want to roll that over by buying back the short put. They can now do another similar trade for one month forward.For example, for the June 9 expiration period, which is 24 days from now, the $270 strike price puts trade at $5.15 per put. This provides an attractive 1.91% yield based on the strike price (i.e., $5.15/$270), for a strike price that is 8.52% below today's spot price of $296.89NVDA Puts - Expiring June 9 - Barchart - As of May 16, 2023That means that the investor who secures $27,000 with their brokerage firm in cash and/or margin, can then enter an order to “Sell to Open” 1 put contract at $270.00 for expiration on June 9. Their account will immediately receive $515.00. That is why this is an attractive 1.91% yield for the investor.In fact, if this trade can be repeated each month for a year, the investor would make 22.89% annually. This is an attractive way for long investors in NVDA stock to create income. Moreover, if the stock falls to this $270 strike price in three weeks the investor gets to purchase the stock at a discount. Given the enthusiasm for this AI gold rush stock, that is a good way for long-term investors to make income while waiting for the stock to keep moving higher.","news_type":1},"isVote":1,"tweetType":1,"viewCount":312,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9970134390,"gmtCreate":1684142386111,"gmtModify":1684142389506,"author":{"id":"4111809398482662","authorId":"4111809398482662","name":"Great Joy","avatar":"https://community-static.tradeup.com/news/60d4182388f8b85c577b0310c872c28d","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4111809398482662","authorIdStr":"4111809398482662"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/SPY\">$SPDR S&amp;P 500 ETF Trust(SPY)$&nbsp;</a><v-v data-views=\"1\"></v-v>[USD]&nbsp;[USD]&nbsp;[USD]&nbsp;","listText":"<a href=\"https://ttm.financial/S/SPY\">$SPDR S&amp;P 500 ETF Trust(SPY)$&nbsp;</a><v-v data-views=\"1\"></v-v>[USD]&nbsp;[USD]&nbsp;[USD]&nbsp;","text":"$SPDR S&P 500 ETF Trust(SPY)$ [USD] [USD] [USD]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970134390","isVote":1,"tweetType":1,"viewCount":359,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9970369831,"gmtCreate":1683949058323,"gmtModify":1683949061905,"author":{"id":"4111809398482662","authorId":"4111809398482662","name":"Great Joy","avatar":"https://community-static.tradeup.com/news/60d4182388f8b85c577b0310c872c28d","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4111809398482662","authorIdStr":"4111809398482662"},"themes":[],"htmlText":"Thanks&nbsp;","listText":"Thanks&nbsp;","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970369831","repostId":"1187023353","repostType":4,"repost":{"id":"1187023353","pubTimestamp":1683935868,"share":"https://ttm.financial/m/news/1187023353?lang=&edition=fundamental","pubTime":"2023-05-13 07:57","market":"us","language":"en","title":"These Stocks Are Moving the Most Today: Tesla, First Solar, News Corp, Icahn Enterprises, Twilio, and More","url":"https://stock-news.laohu8.com/highlight/detail?id=1187023353","media":"Dow Jones","summary":"Stocks fell on Friday, capping a week dominated by a focus on inflation and the implications for mon","content":"<html><head></head><body><p>Stocks fell on Friday, capping a week dominated by a focus on inflation and the implications for monetary policy from the Federal Reserve.</p><p style=\"text-align: start;\">These stocks made moves Friday: </p><p style=\"text-align: start;\">Tesla (ticker: TSLA) shares fell 2.4%. CEO Elon Musk named Linda Vaccarino, the former head of advertising at NBCUniversal, as new chief executive at Twitter. Tesla also said it was raising prices again across most of its electric-vehicle portfolio in the U.S., while it was reported that Chinese auto regulators said Tesla was recalling about 1 million vehicles to fix a braking issue.</p><p>First Solar (FSLR) shares soared 26% after the solar company said it would purchase Evolar, a European thin film company, in a deal with a purchase price of about $38 million paid at closing. Other solar stocks ended the day higher, with Enphase Energy (ENPH) up 4.2% and SolarEdge Technologies (SEDG) gaining 2%.</p><p>SiriusPoint (SPNT) stock tumbled 9.1% after it was disclosed in a securities filing that investor Daniel Loeb was “no longer exploring” an acquisition of the insurance company.</p><p>Sanmina (SANM), which provides electronics-manufacturing services, reported fiscal second-quarter earnings and revenue that beat Wall Street forecasts. The company also said it expects adjusted third-quarter earnings of $1.50 to $1.60 a share on revenue of $2.2 billion to $2.3 billion. Analysts were calling for profit of $1.51 a share on revenue of $2.23 billion. Shares dropped 5.7%.</p><p>News Corp (NWSA) gained 8.5% after the parent of <em>Barron’s</em> publisher Dow Jones posted better-than-expected fiscal third-quarter earnings.</p><p>Icahn Enterprises (IEP) rose 12% after the company disclosed in a securities filing that its board approved $500 million in share buybacks on May 9. Earlier this week, federal prosecutors requested information from Carl Icahn following a report by short-seller Hindenburg Research questioning the business’s policies on asset valuations. So far this year, the stock has shed about 30%.</p><p>Twilio (TWLO) declined 3.5% after shares of the communications software company were downgraded to Neutral from Buy by analysts at Mizuho.</p><p>SoFi Technologies (SOFI) lost 2.3% even after the fintech was initiated with a Buy rating by analysts at Truist Securities.</p><p>Charles Schwab (SCHW) gained 2.5% after the financial banker said client assets rose in April.</p><p>Getty Images (GETY) fell 1.6% after the stock photo house reported worse-than-expected earnings for its first quarter and offered revenue guidance below expectations.</p></body></html>","source":"lsy1652258341127","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>These Stocks Are Moving the Most Today: Tesla, First Solar, News Corp, Icahn Enterprises, Twilio, and More</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\">\nThese Stocks Are Moving the Most Today: Tesla, First Solar, News Corp, Icahn Enterprises, Twilio, and More\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-05-13 07:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/articles/stock-market-movers-d4cce54c?mod=barrons-on-marketwatch><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stocks fell on Friday, capping a week dominated by a focus on inflation and the implications for monetary policy from the Federal Reserve.These stocks made moves Friday: Tesla (ticker: TSLA) shares ...</p>\n\n<a href=\"https://www.marketwatch.com/articles/stock-market-movers-d4cce54c?mod=barrons-on-marketwatch\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NWSA":"新闻集团","TSLA":"特斯拉","TWLO":"Twilio Inc","IEP":"伊坎企业","FSLR":"第一太阳能"},"source_url":"https://www.marketwatch.com/articles/stock-market-movers-d4cce54c?mod=barrons-on-marketwatch","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1187023353","content_text":"Stocks fell on Friday, capping a week dominated by a focus on inflation and the implications for monetary policy from the Federal Reserve.These stocks made moves Friday: Tesla (ticker: TSLA) shares fell 2.4%. CEO Elon Musk named Linda Vaccarino, the former head of advertising at NBCUniversal, as new chief executive at Twitter. Tesla also said it was raising prices again across most of its electric-vehicle portfolio in the U.S., while it was reported that Chinese auto regulators said Tesla was recalling about 1 million vehicles to fix a braking issue.First Solar (FSLR) shares soared 26% after the solar company said it would purchase Evolar, a European thin film company, in a deal with a purchase price of about $38 million paid at closing. Other solar stocks ended the day higher, with Enphase Energy (ENPH) up 4.2% and SolarEdge Technologies (SEDG) gaining 2%.SiriusPoint (SPNT) stock tumbled 9.1% after it was disclosed in a securities filing that investor Daniel Loeb was “no longer exploring” an acquisition of the insurance company.Sanmina (SANM), which provides electronics-manufacturing services, reported fiscal second-quarter earnings and revenue that beat Wall Street forecasts. The company also said it expects adjusted third-quarter earnings of $1.50 to $1.60 a share on revenue of $2.2 billion to $2.3 billion. Analysts were calling for profit of $1.51 a share on revenue of $2.23 billion. Shares dropped 5.7%.News Corp (NWSA) gained 8.5% after the parent of Barron’s publisher Dow Jones posted better-than-expected fiscal third-quarter earnings.Icahn Enterprises (IEP) rose 12% after the company disclosed in a securities filing that its board approved $500 million in share buybacks on May 9. Earlier this week, federal prosecutors requested information from Carl Icahn following a report by short-seller Hindenburg Research questioning the business’s policies on asset valuations. So far this year, the stock has shed about 30%.Twilio (TWLO) declined 3.5% after shares of the communications software company were downgraded to Neutral from Buy by analysts at Mizuho.SoFi Technologies (SOFI) lost 2.3% even after the fintech was initiated with a Buy rating by analysts at Truist Securities.Charles Schwab (SCHW) gained 2.5% after the financial banker said client assets rose in April.Getty Images (GETY) fell 1.6% after the stock photo house reported worse-than-expected earnings for its first quarter and offered revenue guidance below expectations.","news_type":1},"isVote":1,"tweetType":1,"viewCount":206,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9970945829,"gmtCreate":1683860743461,"gmtModify":1683860747659,"author":{"id":"4111809398482662","authorId":"4111809398482662","name":"Great Joy","avatar":"https://community-static.tradeup.com/news/60d4182388f8b85c577b0310c872c28d","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4111809398482662","authorIdStr":"4111809398482662"},"themes":[],"htmlText":"Thanks&nbsp;","listText":"Thanks&nbsp;","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970945829","repostId":"2334795832","repostType":2,"repost":{"id":"2334795832","pubTimestamp":1683853900,"share":"https://ttm.financial/m/news/2334795832?lang=&edition=fundamental","pubTime":"2023-05-12 09:11","market":"us","language":"en","title":"Is Apple The Future Of Finance?","url":"https://stock-news.laohu8.com/highlight/detail?id=2334795832","media":"Seekingalpha","summary":"SummaryDepositors want yield, safety, and convenience.Apple Inc. offers all 3, raising the bar for b","content":"<html><head></head><body><h2 style=\"text-align: left;\">Summary</h2><ul><li><p>Depositors want yield, safety, and convenience.</p></li><li><p>Apple Inc. offers all 3, raising the bar for banks.</p></li><li><p>Here’s who’s helped and hurt by this shift.</p></li></ul><p>If you take your money out of the bank, where do you put it? This is a common rhetorical question implying the futility of questioning traditional banks. But increasingly there are literal answers that could doom some banks. Here&#39;s one.</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3f9655b17d3fae4ee19d47743098f06c\" tg-width=\"614\" tg-height=\"439\"/></p><p><strong>Apple Inc.</strong> picked the right partners and the right features to set a new standard for depositors. They are working with Mastercard Incorporated (MA) as their global payment network, so this new card is already usable around the globe. Their savings accounts are provided by The Goldman Sachs Group, Inc. (GS), a systemically important bank that will survive forever or at least as long as the United States survives. When interest rates were low, it might not have been worth the bother to switch from one account to another for some trivial net benefit. But today, it is different. You can get it all - much higher yield, greater safety, and at least as much convenient functionality.</p><p>Their savings account currently offers a 4.15% APY, over 10x the national average. You can automatically deposit daily cash into this savings account. There are zero annual, late, or other fees. You get 1% cash back anywhere without Apple Pay, 2% cash back with Apple Pay, and 3% cash back from Apple, Uber (UBER), Nike (NKE) stores in the U.S., Walgreens (WBA), T-Mobile (TMUS), Exxon (XOM) and others.</p><p>In terms of safety, The Goldman Sachs Bank USA is a member of FDIC, with deposits federally insured up to a quarter of a million dollar balance. In practice, it is unlikely that anyone would lose any money deposited with a globally systemic bank such as Goldman. Short of nuclear war or a crisis of that magnitude, you can expect all of your money to be safe here. That is true of only a small handful of banks.</p><p>Historically, there could have been some inconvenience associated with a product that offers an upside of over 4% and virtually no downside. One might have had to handle sweeping cash manually or tradeoff yield versus the practicality of an account that you could use for everyday consumption. But this one is so flexible that it can be used as your primary transactional account. In short, it can replace your bank. Businesses might not be as fast as retail depositors to switch to Apple, but they will want much higher yields than most traditional banks have been offering, and they have greater resources to sweep to money markets or Treasury products. Both will demand rates over 4% as they should.</p><h2>Will ServisFirst be the next to crash?</h2><p>Many banks will be unable to survive this kind of competition in the current interest rate environment. Want me to name names? <a href=\"https://laohu8.com/S/SFBS\">ServisFirst Bancshares, Inc.</a> (SFBS) is down over 30% so far this year but is worth at most half of what it costs today. Their problem starts with their deposits. A year ago their deposits cost them 0.21%, which rose to 0.47% then 1.18% and now 1.94% but will continue to rise. They have a 100% loan to deposit ratio, so they have to pay up to keep deposits. Their net interest margin shrunk from 3.52% to 3.15% last quarter and is going lower. They can only grow with borrowings and high cost deposits. They trade at two times their tangible book value. They should trade at one times at most.</p><p>ServisFirst was founded in 2005 and raced to accumulate $15 billion in assets. They are very exposed to commercial lending and construction loans. Their non-interest bearing deposits were down 14% quarter over quarter and should continue to rapidly decline. Borrowings are 11% of assets. At 1.28%, they are inadequately reserved, especially if the economy stumbles and real estate is hit.</p><h2>Another…</h2><p>When this banking crisis is over, investors will look back and ask why First Financial Bankshares, Inc. (FFIN) ever traded for over three times tangible book value and eighteen times earnings. They made an all-in bet on residential mortgage-backed securities. If that goes bad, then look out below. It isn&#39;t necessarily a $0 but is probably worth no more than $5-10 per share today. Management is promotional and optimistic. We both expect a 50% move from here but differ on the direction. Their earnings are eroding too fast for it to make sense valuing it on an earnings multiple. It should trade based on its book value. Careful examination of that book results in a valuation in the single digits.</p><h2>Caveats</h2><p>While Apple and Goldman are potent partners, there are some limitations to their prospects as dinosaur killers. Their self-description at first appears frictionless, but there is plenty of small print that limits the appeal. The current account offering is capped at $250k. <a href=\"https://laohu8.com/S/HTM.AU\">High</a> net worth clients and corporations need to be able to deposit far more. Apple places further restrictions on ACH transfers. Apple Cash transfers are capped at $10k and $20k every seven days. 1% of accounts have 56% of deposits, and that 1% can&#39;t use something with these somewhat childish caps. The other 44% could be Apple customers today, but 56% of deposit balances will require more lenient caps. This is a mass-market product that I highlight because it shows where everyone&#39;s minimum standards should be, not because it is a fit for everyone.</p><p>Hundreds of billions of dollars will continue to flow out of banks such as ServisFirst and into too big to fail banks such as Goldman, Bank of America Corporation (BAC), and Wells Fargo &amp; Company (WFC). But these won&#39;t be the only survivors. At the other end of the size spectrum, small community banks with a large number of small insured accounts are also valuable. Many depositors in such banks have $10,000-20,000 checking accounts, get direct deposits, pay their mortgage and car payments, and use their debit cards at ATM machines. These much be non-interest bearing or low interest, but such depositors are not that rate sensitive. So the money won&#39;t all flow to the largest banks. But a lot of it will and when it does, bank stocks such as SFBS that have been cut in half already will be cut in half again.</p><p>A final caveat: while my strong view is that SFBS is massively overvalued and could be a risky place to keep deposits, management has been buying:</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0992b912354f0ff33bcd663ce2ce2808\" alt=\"Edgar\" title=\"Edgar\" tg-width=\"559\" tg-height=\"232\"/><span>Edgar</span></p><h2>Conclusion</h2><p>Apple reveals what depositors can get. If ServisFirst&#39;s costs of deposits rise substantially, their value will continue to fall. Shares are worth closer to their $24-25 per share tangible book value. Their share prices have been cut in half but need to be cut in half again to reflect deposit flight and the higher cost of remaining deposits. First Financial is my second candidate for the next potential bank run.</p><h2>TL; DR</h2><p>Depositors should demand at least 4% yields and can get it from Apple, Treasury Direct, and elsewhere. Some traditional banks such as ServisFirst and First Financial still have a long way to fall if depositors do.</p><p>Editor&#39;s Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.</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 Apple The Future Of Finance?</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\">\nIs Apple The Future Of Finance?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-05-12 09:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4602159-is-apple-the-future-of-finance><strong>Seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryDepositors want yield, safety, and convenience.Apple Inc. offers all 3, raising the bar for banks.Here’s who’s helped and hurt by this shift.If you take your money out of the bank, where do you...</p>\n\n<a href=\"https://seekingalpha.com/article/4602159-is-apple-the-future-of-finance\">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/4602159-is-apple-the-future-of-finance","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2334795832","content_text":"SummaryDepositors want yield, safety, and convenience.Apple Inc. offers all 3, raising the bar for banks.Here’s who’s helped and hurt by this shift.If you take your money out of the bank, where do you put it? This is a common rhetorical question implying the futility of questioning traditional banks. But increasingly there are literal answers that could doom some banks. Here's one.Apple Inc. picked the right partners and the right features to set a new standard for depositors. They are working with Mastercard Incorporated (MA) as their global payment network, so this new card is already usable around the globe. Their savings accounts are provided by The Goldman Sachs Group, Inc. (GS), a systemically important bank that will survive forever or at least as long as the United States survives. When interest rates were low, it might not have been worth the bother to switch from one account to another for some trivial net benefit. But today, it is different. You can get it all - much higher yield, greater safety, and at least as much convenient functionality.Their savings account currently offers a 4.15% APY, over 10x the national average. You can automatically deposit daily cash into this savings account. There are zero annual, late, or other fees. You get 1% cash back anywhere without Apple Pay, 2% cash back with Apple Pay, and 3% cash back from Apple, Uber (UBER), Nike (NKE) stores in the U.S., Walgreens (WBA), T-Mobile (TMUS), Exxon (XOM) and others.In terms of safety, The Goldman Sachs Bank USA is a member of FDIC, with deposits federally insured up to a quarter of a million dollar balance. In practice, it is unlikely that anyone would lose any money deposited with a globally systemic bank such as Goldman. Short of nuclear war or a crisis of that magnitude, you can expect all of your money to be safe here. That is true of only a small handful of banks.Historically, there could have been some inconvenience associated with a product that offers an upside of over 4% and virtually no downside. One might have had to handle sweeping cash manually or tradeoff yield versus the practicality of an account that you could use for everyday consumption. But this one is so flexible that it can be used as your primary transactional account. In short, it can replace your bank. Businesses might not be as fast as retail depositors to switch to Apple, but they will want much higher yields than most traditional banks have been offering, and they have greater resources to sweep to money markets or Treasury products. Both will demand rates over 4% as they should.Will ServisFirst be the next to crash?Many banks will be unable to survive this kind of competition in the current interest rate environment. Want me to name names? ServisFirst Bancshares, Inc. (SFBS) is down over 30% so far this year but is worth at most half of what it costs today. Their problem starts with their deposits. A year ago their deposits cost them 0.21%, which rose to 0.47% then 1.18% and now 1.94% but will continue to rise. They have a 100% loan to deposit ratio, so they have to pay up to keep deposits. Their net interest margin shrunk from 3.52% to 3.15% last quarter and is going lower. They can only grow with borrowings and high cost deposits. They trade at two times their tangible book value. They should trade at one times at most.ServisFirst was founded in 2005 and raced to accumulate $15 billion in assets. They are very exposed to commercial lending and construction loans. Their non-interest bearing deposits were down 14% quarter over quarter and should continue to rapidly decline. Borrowings are 11% of assets. At 1.28%, they are inadequately reserved, especially if the economy stumbles and real estate is hit.Another…When this banking crisis is over, investors will look back and ask why First Financial Bankshares, Inc. (FFIN) ever traded for over three times tangible book value and eighteen times earnings. They made an all-in bet on residential mortgage-backed securities. If that goes bad, then look out below. It isn't necessarily a $0 but is probably worth no more than $5-10 per share today. Management is promotional and optimistic. We both expect a 50% move from here but differ on the direction. Their earnings are eroding too fast for it to make sense valuing it on an earnings multiple. It should trade based on its book value. Careful examination of that book results in a valuation in the single digits.CaveatsWhile Apple and Goldman are potent partners, there are some limitations to their prospects as dinosaur killers. Their self-description at first appears frictionless, but there is plenty of small print that limits the appeal. The current account offering is capped at $250k. High net worth clients and corporations need to be able to deposit far more. Apple places further restrictions on ACH transfers. Apple Cash transfers are capped at $10k and $20k every seven days. 1% of accounts have 56% of deposits, and that 1% can't use something with these somewhat childish caps. The other 44% could be Apple customers today, but 56% of deposit balances will require more lenient caps. This is a mass-market product that I highlight because it shows where everyone's minimum standards should be, not because it is a fit for everyone.Hundreds of billions of dollars will continue to flow out of banks such as ServisFirst and into too big to fail banks such as Goldman, Bank of America Corporation (BAC), and Wells Fargo & Company (WFC). But these won't be the only survivors. At the other end of the size spectrum, small community banks with a large number of small insured accounts are also valuable. Many depositors in such banks have $10,000-20,000 checking accounts, get direct deposits, pay their mortgage and car payments, and use their debit cards at ATM machines. These much be non-interest bearing or low interest, but such depositors are not that rate sensitive. So the money won't all flow to the largest banks. But a lot of it will and when it does, bank stocks such as SFBS that have been cut in half already will be cut in half again.A final caveat: while my strong view is that SFBS is massively overvalued and could be a risky place to keep deposits, management has been buying:EdgarConclusionApple reveals what depositors can get. If ServisFirst's costs of deposits rise substantially, their value will continue to fall. Shares are worth closer to their $24-25 per share tangible book value. Their share prices have been cut in half but need to be cut in half again to reflect deposit flight and the higher cost of remaining deposits. First Financial is my second candidate for the next potential bank run.TL; DRDepositors should demand at least 4% yields and can get it from Apple, Treasury Direct, and elsewhere. Some traditional banks such as ServisFirst and First Financial still have a long way to fall if depositors do.Editor's Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.","news_type":1},"isVote":1,"tweetType":1,"viewCount":325,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9947451297,"gmtCreate":1683530059620,"gmtModify":1683530062062,"author":{"id":"4111809398482662","authorId":"4111809398482662","name":"Great Joy","avatar":"https://community-static.tradeup.com/news/60d4182388f8b85c577b0310c872c28d","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4111809398482662","authorIdStr":"4111809398482662"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/COIN\">$Coinbase Global, Inc.(COIN)$&nbsp;</a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/COIN\">$Coinbase Global, Inc.(COIN)$&nbsp;</a><v-v data-views=\"1\"></v-v>","text":"$Coinbase Global, Inc.(COIN)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9947451297","isVote":1,"tweetType":1,"viewCount":273,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9947413422,"gmtCreate":1683465408567,"gmtModify":1683465411421,"author":{"id":"4111809398482662","authorId":"4111809398482662","name":"Great Joy","avatar":"https://community-static.tradeup.com/news/60d4182388f8b85c577b0310c872c28d","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4111809398482662","authorIdStr":"4111809398482662"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/COIN\">$Coinbase Global, Inc.(COIN)$&nbsp;</a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/COIN\">$Coinbase Global, Inc.(COIN)$&nbsp;</a><v-v data-views=\"1\"></v-v>","text":"$Coinbase Global, Inc.(COIN)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9947413422","isVote":1,"tweetType":1,"viewCount":328,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9947494533,"gmtCreate":1683424400323,"gmtModify":1683424403766,"author":{"id":"4111809398482662","authorId":"4111809398482662","name":"Great Joy","avatar":"https://community-static.tradeup.com/news/60d4182388f8b85c577b0310c872c28d","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4111809398482662","authorIdStr":"4111809398482662"},"themes":[],"htmlText":"Thank you&nbsp;","listText":"Thank you&nbsp;","text":"Thank you","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9947494533","repostId":"1128633960","repostType":2,"isVote":1,"tweetType":1,"viewCount":501,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9951621583,"gmtCreate":1673478889643,"gmtModify":1676538842560,"author":{"id":"4111809398482662","authorId":"4111809398482662","name":"Great Joy","avatar":"https://community-static.tradeup.com/news/60d4182388f8b85c577b0310c872c28d","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4111809398482662","authorIdStr":"4111809398482662"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/01842\">$GROWN UP GROUP(01842)$&nbsp;</a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/01842\">$GROWN UP GROUP(01842)$&nbsp;</a><v-v data-views=\"1\"></v-v>","text":"$GROWN UP GROUP(01842)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9951621583","isVote":1,"tweetType":1,"viewCount":497,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9982585114,"gmtCreate":1667211801738,"gmtModify":1676537877999,"author":{"id":"4111809398482662","authorId":"4111809398482662","name":"Great Joy","avatar":"https://community-static.tradeup.com/news/60d4182388f8b85c577b0310c872c28d","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4111809398482662","authorIdStr":"4111809398482662"},"themes":[],"htmlText":"Thank you&nbsp;","listText":"Thank you&nbsp;","text":"Thank you","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9982585114","repostId":"2279461358","repostType":2,"repost":{"id":"2279461358","pubTimestamp":1667209397,"share":"https://ttm.financial/m/news/2279461358?lang=&edition=fundamental","pubTime":"2022-10-31 17:43","market":"us","language":"en","title":"Google: I Am Getting Really Greedy Now","url":"https://stock-news.laohu8.com/highlight/detail?id=2279461358","media":"seekingalpha","summary":"Google stock is undervalued and very promising in the long term.","content":"<html><head></head><body><p>Alphabet Inc. (GOOG) (GOOGL) finally reported 3Q-22 earnings this week, with an unfortunate double-miss on earnings and sales as global advertising slowed in the last quarter.</p><p>Google has been treated very harshly and unfairly following the presentation of 3Q-22 earnings, despite the fact that they were not all that bad.</p><p>I believe Google stock will trade even lower in the short term as investors adjust to the slowing global advertising market, but the stock is undervalued and very promising in the long term.</p><h2><b>A Double-Miss For 3Q-22</b></h2><p>Google reported lower-than-expected third-quarter earnings. The 3Q-22 earnings presentation showed earnings of $1.25 per share, compared to an estimate of $1.25 per share. In terms of sales, Google also fell short, but only by 2.21%.<img src=\"https://static.tigerbbs.com/140dff1c2dabab7500ebca4099296502\" tg-width=\"609\" tg-height=\"420\" referrerpolicy=\"no-referrer\"/>Earnings Calls (Alphabet Inc)</p><h2><b>Google Stock Just Made New 52 Weeks Lows As A Result</b></h2><p>Google stock hit new lows after the internet company reported 3Q-22 earnings, as I predicted in my article Google: Potentially Facing A Sharp Selloff.</p><p>The market was irritated not so much by the double-miss on earnings and sales as it was by the slowdown in global advertising, which points to more pain for Google&#39;s advertising services in the short term.</p><p>Following the earnings presentation, Google stock has become dangerously close to being oversold, with the Relative Strength Index dropping dangerously close to an RSI value of 30, which is typically when a stock becomes technically oversold.</p><p>Having said that, Google stock did hit a new 52-week low of $91.90 yesterday, and there may be some more selling pressure in the short term, meaning GOOG could fall a little further as investors deal with the company&#39;s advertising slowdown.</p><p><img src=\"https://static.tigerbbs.com/c5c14f067b860e8283865bb9df6f9c3e\" tg-width=\"640\" tg-height=\"511\" referrerpolicy=\"no-referrer\"/></p><p>RSI (StockCharts.com)</p><h2><b>The Big Problem With Google</b></h2><p>Google is a behemoth of a company, with a market cap of approximately $1.2 trillion and projected revenues of $284.2 billion this year.</p><p>The issue with Google is that, despite the company&#39;s dominant position in the online search market, growth is slowing as advertisers continue to reduce ad spending. As a result, Google&#39;s sales increased only 6% YoY to $69.09 billion in 3Q-22. When compared to a 41% increase in sales in the previous quarter, it&#39;s easy to see why investors are concerned about Google&#39;s growth prospects, particularly in the search market.<img src=\"https://static.tigerbbs.com/c04fb9e52fd8d38b1b183fe6c6b8762d\" tg-width=\"640\" tg-height=\"303\" referrerpolicy=\"no-referrer\"/></p><p>Revenues Increase YoY (Alphabet Inc)</p><p>In the third quarter, Google&#39;s search business generated $39.54 billion in revenue, representing a 4.3% YoY increase. Total advertising sales increased at a very slow 2.5% YoY to $54.48 billion, indicating that advertisers are far more hesitant to spend money on Google&#39;s advertising platforms than expected. Google&#39;s primary advertising platforms include Google search, YouTube, and the Google network.</p><p>With that said, I believe the growth slowdown is only temporary, as advertisers will continue to seek out platforms with the greatest reach, highest conversion rates, and most insightful analytics tools.<img src=\"https://static.tigerbbs.com/8944bd9938bd6bf31cdcfca23af213e8\" tg-width=\"640\" tg-height=\"370\" referrerpolicy=\"no-referrer\"/>Q3-22 Supplemental Information (Alphabet Inc)</p><h2><b>Google’s Valuation Is A Bargain</b></h2><p>The market currently forecasts earnings of $5.44 per share for next year, but those projections are not without risk.</p><p>An ongoing advertiser pullback is expected to harm Google&#39;s core advertising business, potentially lowering Google&#39;s forward earnings per share estimates.</p><p>Google stock currently trades at a P/E ratio of 17.0x, based on estimated earnings of $5.44 per share for 2023.</p><p>Given that Google maintains a market-leading position in search and generates approximately a quarter of a trillion dollars in sales annually, I believe the valuation is fair.<img src=\"https://static.tigerbbs.com/ee978fe591cd11a2ecbba5ae5b678a6a\" tg-width=\"640\" tg-height=\"234\" referrerpolicy=\"no-referrer\"/>Earnings Estimate (Yahoo Finance)</p><h2><b>Why Google Could See A Lower/Higher Valuation</b></h2><p>I believe that Google will trade in a down channel for the foreseeable future, owing to ongoing selling pressure and slightly weaker-than-expected fundamentals.</p><p>Google&#39;s sales growth did indeed fall into the single digits in the last quarter, and another slowdown in 4Q-22 is to be expected. This means that Google could hit new lows in the short term, but the company&#39;s excellent search positioning, scale, and massive revenue base suggest that Google will be able to ride out a much longer market correction.</p><h2><b>My Conclusion</b></h2><p>Google is experiencing some short-term difficulties, but I believe that the decline in key metrics, which is primarily due to advertiser pullback, are merely transitory factors that should not have an impact on Google&#39;s long-term growth prospects in the advertising market.</p><p>The fact that Google&#39;s advertising growth slowed to 6% in the third quarter is obviously not ideal, but no other company in the digital advertising market has Google&#39;s size and reach.</p><p>When advertisers are ready to open their wallets again, Google&#39;s stock (and valuation) can soar.</p><p>As I stated in my previous article on Google, the drop represents a strong-buy opportunity for investors looking to profit from the company&#39;s short-term disappointment.</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>Google: I Am Getting Really Greedy Now</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGoogle: I Am Getting Really Greedy Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-31 17:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4550886-google-i-am-getting-really-greedy-now><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Alphabet Inc. (GOOG) (GOOGL) finally reported 3Q-22 earnings this week, with an unfortunate double-miss on earnings and sales as global advertising slowed in the last quarter.Google has been treated ...</p>\n\n<a href=\"https://seekingalpha.com/article/4550886-google-i-am-getting-really-greedy-now\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOG":"谷歌","GOOGL":"谷歌A"},"source_url":"https://seekingalpha.com/article/4550886-google-i-am-getting-really-greedy-now","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2279461358","content_text":"Alphabet Inc. (GOOG) (GOOGL) finally reported 3Q-22 earnings this week, with an unfortunate double-miss on earnings and sales as global advertising slowed in the last quarter.Google has been treated very harshly and unfairly following the presentation of 3Q-22 earnings, despite the fact that they were not all that bad.I believe Google stock will trade even lower in the short term as investors adjust to the slowing global advertising market, but the stock is undervalued and very promising in the long term.A Double-Miss For 3Q-22Google reported lower-than-expected third-quarter earnings. The 3Q-22 earnings presentation showed earnings of $1.25 per share, compared to an estimate of $1.25 per share. In terms of sales, Google also fell short, but only by 2.21%.Earnings Calls (Alphabet Inc)Google Stock Just Made New 52 Weeks Lows As A ResultGoogle stock hit new lows after the internet company reported 3Q-22 earnings, as I predicted in my article Google: Potentially Facing A Sharp Selloff.The market was irritated not so much by the double-miss on earnings and sales as it was by the slowdown in global advertising, which points to more pain for Google's advertising services in the short term.Following the earnings presentation, Google stock has become dangerously close to being oversold, with the Relative Strength Index dropping dangerously close to an RSI value of 30, which is typically when a stock becomes technically oversold.Having said that, Google stock did hit a new 52-week low of $91.90 yesterday, and there may be some more selling pressure in the short term, meaning GOOG could fall a little further as investors deal with the company's advertising slowdown.RSI (StockCharts.com)The Big Problem With GoogleGoogle is a behemoth of a company, with a market cap of approximately $1.2 trillion and projected revenues of $284.2 billion this year.The issue with Google is that, despite the company's dominant position in the online search market, growth is slowing as advertisers continue to reduce ad spending. As a result, Google's sales increased only 6% YoY to $69.09 billion in 3Q-22. When compared to a 41% increase in sales in the previous quarter, it's easy to see why investors are concerned about Google's growth prospects, particularly in the search market.Revenues Increase YoY (Alphabet Inc)In the third quarter, Google's search business generated $39.54 billion in revenue, representing a 4.3% YoY increase. Total advertising sales increased at a very slow 2.5% YoY to $54.48 billion, indicating that advertisers are far more hesitant to spend money on Google's advertising platforms than expected. Google's primary advertising platforms include Google search, YouTube, and the Google network.With that said, I believe the growth slowdown is only temporary, as advertisers will continue to seek out platforms with the greatest reach, highest conversion rates, and most insightful analytics tools.Q3-22 Supplemental Information (Alphabet Inc)Google’s Valuation Is A BargainThe market currently forecasts earnings of $5.44 per share for next year, but those projections are not without risk.An ongoing advertiser pullback is expected to harm Google's core advertising business, potentially lowering Google's forward earnings per share estimates.Google stock currently trades at a P/E ratio of 17.0x, based on estimated earnings of $5.44 per share for 2023.Given that Google maintains a market-leading position in search and generates approximately a quarter of a trillion dollars in sales annually, I believe the valuation is fair.Earnings Estimate (Yahoo Finance)Why Google Could See A Lower/Higher ValuationI believe that Google will trade in a down channel for the foreseeable future, owing to ongoing selling pressure and slightly weaker-than-expected fundamentals.Google's sales growth did indeed fall into the single digits in the last quarter, and another slowdown in 4Q-22 is to be expected. This means that Google could hit new lows in the short term, but the company's excellent search positioning, scale, and massive revenue base suggest that Google will be able to ride out a much longer market correction.My ConclusionGoogle is experiencing some short-term difficulties, but I believe that the decline in key metrics, which is primarily due to advertiser pullback, are merely transitory factors that should not have an impact on Google's long-term growth prospects in the advertising market.The fact that Google's advertising growth slowed to 6% in the third quarter is obviously not ideal, but no other company in the digital advertising market has Google's size and reach.When advertisers are ready to open their wallets again, Google's stock (and valuation) can soar.As I stated in my previous article on Google, the drop represents a strong-buy opportunity for investors looking to profit from the company's short-term disappointment.","news_type":1},"isVote":1,"tweetType":1,"viewCount":241,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9982002480,"gmtCreate":1667031988840,"gmtModify":1676537852491,"author":{"id":"4111809398482662","authorId":"4111809398482662","name":"Great Joy","avatar":"https://community-static.tradeup.com/news/60d4182388f8b85c577b0310c872c28d","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4111809398482662","authorIdStr":"4111809398482662"},"themes":[],"htmlText":"Thanks&nbsp;","listText":"Thanks&nbsp;","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9982002480","repostId":"1148576482","repostType":4,"isVote":1,"tweetType":1,"viewCount":100,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9981669399,"gmtCreate":1666492843012,"gmtModify":1676537761758,"author":{"id":"4111809398482662","authorId":"4111809398482662","name":"Great Joy","avatar":"https://community-static.tradeup.com/news/60d4182388f8b85c577b0310c872c28d","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4111809398482662","authorIdStr":"4111809398482662"},"themes":[],"htmlText":"Thanks&nbsp;","listText":"Thanks&nbsp;","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9981669399","repostId":"2277025934","repostType":4,"repost":{"id":"2277025934","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":1666400250,"share":"https://ttm.financial/m/news/2277025934?lang=&edition=fundamental","pubTime":"2022-10-22 08:57","market":"us","language":"en","title":"Fed's Rate Debate Shifts to How, and When, to Slow Down","url":"https://stock-news.laohu8.com/highlight/detail?id=2277025934","media":"Reuters","summary":"(Reuters) - The Federal Reserve, set to approve another large interest rate increase early next mont","content":"<html><head></head><body><p>(Reuters) - The Federal Reserve, set to approve another large interest rate increase early next month, is shifting to a debate over how much higher it can safely push borrowing costs and how and when to slow the pace of future increases.</p><p>The U.S. central bank is likely to provide a signal at its Nov. 1-2 policy meeting as officials weigh what some see as growing risks to economic growth against a lack of obvious progress in lowering inflation from its pandemic-related surge.</p><p>&#34;This debate about exactly where we should go, and then become more data-dependent, is going to heat up in the last part of the year here,&#34; St. Louis Fed President James Bullard said in a Reuters interview last week.</p><p>San Francisco Fed President Mary Daly added her voice to that debate on Friday during an event in Monterey, California. While acknowledging that high inflation made it &#34;really challenging&#34; for the central bank to step down from its rate hikes, Daly said &#34;the time is now to start talking about stepping down. The time is now to start planning for stepping down.&#34;</p><p>Investors widely expect the Fed next month to raise its benchmark overnight interest rate by three-quarters of a percentage point for a fourth consecutive time, lifting it to a range of 3.75% to 4.00%.</p><p>Yet even as markets point to another large increase at the final policy meeting of the year in December, sentiment is building within the Fed to take a breather. While the process of raising interest rates is not yet finished, policymakers feel they may be at the point where further increases can be smaller in size, and are close to where they can pause altogether in order to take stock as the economy adjusts to the rapid change in credit conditions the central bank has set in motion.</p><p>That advice has been subtle: In a speech earlier this month, Fed Vice Chair Lael Brainard offered a list of reasons to be cautious about further tightening without overtly calling for a slowdown or pause.</p><p>It also has been blunt: In comments this week in Virginia, Chicago Fed President Charles Evans warned of outsized &#34;nonlinear&#34; risks to the economy if the federal funds rate is lifted much beyond the 4.6% level officials projected in September that they would reach next year.</p><p>&#34;It really does begin to weigh on the economy,&#34; Evans said. Even with the existing rate outlook, it was a &#34;closer call than normal&#34; whether recession can be avoided.</p><p>With that view becoming more full-throated, and more economists saying a U.S. recession is likely next year, the November meeting may well be when the Fed signals it is time to slow down - a moment Fed Chair Jerome Powell said in a Sept. 21 news conference would be approaching &#34;at some point.&#34;</p><p>Powell has not spoken publicly about monetary policy since then.</p><p><b>INFLATION SURPRISES</b></p><p>Data on inflation has offered little relief to the Fed. Headline consumer prices rose in September at an 8.2% annual rate. The U.S. central bank uses a different inflation measure for its 2% inflation target, but that remains roughly three times the target.</p><p>Job growth continues to be strong, with a still-outsized number of vacancies compared to the number of jobseekers. Employers say it remains difficult to find workers.</p><p>Yet even some of the Fed&#39;s most hawkish voices appear ready to let the economy have time to catch up with the monetary tightening already underway.</p><p>Bullard told Reuters he also sees a federal funds rate of around 4.6% as a point to pause and take stock, though he&#39;d prefer to get there by the end of this year with two more 75-basis-point increases and then let policy evolve in 2023 based on how inflation behaves.</p><p>Expectations at the Fed about inflation have begun to settle around three key points that both buttress the calls for caution on further rate hikes, but also leave policymakers wanting to keep their options open.</p><p>Inflation, officials acknowledge, has become broader and more persistent than anticipated, and may be slow to decline. Consumer prices are weighted towards rents, which are slow to change, and much of the current inflation is coming from service industries where price changes are harder to influence.</p><p>In economic projections released by the Fed in September, a version of policymakers&#39; preferred measure of inflation was seen ending 2023 above 3%. Recent staff estimates, recounted in the minutes of the last Fed meeting, indicated the economy may be much &#34;tighter&#34; than anticipated as high demand strains against potential output that may be more limited than thought.</p><p>But policymakers also agree the full impact of their rate hikes may not become clear for months, even as data is starting to show the seeds of an inflation slowdown taking root. Vehicle prices that drove the inflation surge in the early part of the pandemic are falling, and industry executives expect more; month-to-month data show rents are coming down and the housing industry, a barometer of other household spending, is slowing rapidly as the average rate on a 30-year fixed mortgage nears 7%.</p><p>Yet, in another point of agreement, risk sentiment among Fed officials is almost uniformly tilted towards the likelihood of more inflation surprises to come, putting the group on what some have described as a hope-for-the-best-prepare-for-the-worst footing. In September, 17 of 19 officials saw inflation risks as &#34;weighted to the upside.&#34;</p><p>In that situation, even if policymakers are ready to be done with the 75-basis-point rate increases, they won&#39;t want the public to equate smaller future hikes with a true policy &#34;pivot&#34; or a softened stance on inflation - a tricky point to communicate.</p><p>Even more dovish officials like Evans agree monetary policy needs to hit a more restrictive level and stay there until the back of inflation is broken. Others agree even if the Fed slows to half-percentage-point increases after next month&#39;s meeting, that remains fast by recent standards and could quickly push the federal funds rate to a level of 5% or higher, more in line with rate-hiking cycles since the 1990s and a level some economists see as needed before the Fed&#39;s work is done.</p><p>&#34;How do you step down without giving external observers, financial markets, the wrong impression?&#34; Evans said. &#34;I think that puts a premium on explaining where we think we are, what we&#39;re expecting inflation to be doing, and when you&#39;re going to be willing to say &#39;I think I&#39;ve got the level of the funds rate that is adequately restrictive in order to be consistent with inflation coming down.&#39; It&#39;s hard. That&#39;s a hard discussion.&#34;</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fed's Rate Debate Shifts to How, and When, to Slow Down</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFed's Rate Debate Shifts to How, and When, to Slow Down\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\">2022-10-22 08:57</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>(Reuters) - The Federal Reserve, set to approve another large interest rate increase early next month, is shifting to a debate over how much higher it can safely push borrowing costs and how and when to slow the pace of future increases.</p><p>The U.S. central bank is likely to provide a signal at its Nov. 1-2 policy meeting as officials weigh what some see as growing risks to economic growth against a lack of obvious progress in lowering inflation from its pandemic-related surge.</p><p>&#34;This debate about exactly where we should go, and then become more data-dependent, is going to heat up in the last part of the year here,&#34; St. Louis Fed President James Bullard said in a Reuters interview last week.</p><p>San Francisco Fed President Mary Daly added her voice to that debate on Friday during an event in Monterey, California. While acknowledging that high inflation made it &#34;really challenging&#34; for the central bank to step down from its rate hikes, Daly said &#34;the time is now to start talking about stepping down. The time is now to start planning for stepping down.&#34;</p><p>Investors widely expect the Fed next month to raise its benchmark overnight interest rate by three-quarters of a percentage point for a fourth consecutive time, lifting it to a range of 3.75% to 4.00%.</p><p>Yet even as markets point to another large increase at the final policy meeting of the year in December, sentiment is building within the Fed to take a breather. While the process of raising interest rates is not yet finished, policymakers feel they may be at the point where further increases can be smaller in size, and are close to where they can pause altogether in order to take stock as the economy adjusts to the rapid change in credit conditions the central bank has set in motion.</p><p>That advice has been subtle: In a speech earlier this month, Fed Vice Chair Lael Brainard offered a list of reasons to be cautious about further tightening without overtly calling for a slowdown or pause.</p><p>It also has been blunt: In comments this week in Virginia, Chicago Fed President Charles Evans warned of outsized &#34;nonlinear&#34; risks to the economy if the federal funds rate is lifted much beyond the 4.6% level officials projected in September that they would reach next year.</p><p>&#34;It really does begin to weigh on the economy,&#34; Evans said. Even with the existing rate outlook, it was a &#34;closer call than normal&#34; whether recession can be avoided.</p><p>With that view becoming more full-throated, and more economists saying a U.S. recession is likely next year, the November meeting may well be when the Fed signals it is time to slow down - a moment Fed Chair Jerome Powell said in a Sept. 21 news conference would be approaching &#34;at some point.&#34;</p><p>Powell has not spoken publicly about monetary policy since then.</p><p><b>INFLATION SURPRISES</b></p><p>Data on inflation has offered little relief to the Fed. Headline consumer prices rose in September at an 8.2% annual rate. The U.S. central bank uses a different inflation measure for its 2% inflation target, but that remains roughly three times the target.</p><p>Job growth continues to be strong, with a still-outsized number of vacancies compared to the number of jobseekers. Employers say it remains difficult to find workers.</p><p>Yet even some of the Fed&#39;s most hawkish voices appear ready to let the economy have time to catch up with the monetary tightening already underway.</p><p>Bullard told Reuters he also sees a federal funds rate of around 4.6% as a point to pause and take stock, though he&#39;d prefer to get there by the end of this year with two more 75-basis-point increases and then let policy evolve in 2023 based on how inflation behaves.</p><p>Expectations at the Fed about inflation have begun to settle around three key points that both buttress the calls for caution on further rate hikes, but also leave policymakers wanting to keep their options open.</p><p>Inflation, officials acknowledge, has become broader and more persistent than anticipated, and may be slow to decline. Consumer prices are weighted towards rents, which are slow to change, and much of the current inflation is coming from service industries where price changes are harder to influence.</p><p>In economic projections released by the Fed in September, a version of policymakers&#39; preferred measure of inflation was seen ending 2023 above 3%. Recent staff estimates, recounted in the minutes of the last Fed meeting, indicated the economy may be much &#34;tighter&#34; than anticipated as high demand strains against potential output that may be more limited than thought.</p><p>But policymakers also agree the full impact of their rate hikes may not become clear for months, even as data is starting to show the seeds of an inflation slowdown taking root. Vehicle prices that drove the inflation surge in the early part of the pandemic are falling, and industry executives expect more; month-to-month data show rents are coming down and the housing industry, a barometer of other household spending, is slowing rapidly as the average rate on a 30-year fixed mortgage nears 7%.</p><p>Yet, in another point of agreement, risk sentiment among Fed officials is almost uniformly tilted towards the likelihood of more inflation surprises to come, putting the group on what some have described as a hope-for-the-best-prepare-for-the-worst footing. In September, 17 of 19 officials saw inflation risks as &#34;weighted to the upside.&#34;</p><p>In that situation, even if policymakers are ready to be done with the 75-basis-point rate increases, they won&#39;t want the public to equate smaller future hikes with a true policy &#34;pivot&#34; or a softened stance on inflation - a tricky point to communicate.</p><p>Even more dovish officials like Evans agree monetary policy needs to hit a more restrictive level and stay there until the back of inflation is broken. Others agree even if the Fed slows to half-percentage-point increases after next month&#39;s meeting, that remains fast by recent standards and could quickly push the federal funds rate to a level of 5% or higher, more in line with rate-hiking cycles since the 1990s and a level some economists see as needed before the Fed&#39;s work is done.</p><p>&#34;How do you step down without giving external observers, financial markets, the wrong impression?&#34; Evans said. &#34;I think that puts a premium on explaining where we think we are, what we&#39;re expecting inflation to be doing, and when you&#39;re going to be willing to say &#39;I think I&#39;ve got the level of the funds rate that is adequately restrictive in order to be consistent with inflation coming down.&#39; It&#39;s hard. That&#39;s a hard discussion.&#34;</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2277025934","content_text":"(Reuters) - The Federal Reserve, set to approve another large interest rate increase early next month, is shifting to a debate over how much higher it can safely push borrowing costs and how and when to slow the pace of future increases.The U.S. central bank is likely to provide a signal at its Nov. 1-2 policy meeting as officials weigh what some see as growing risks to economic growth against a lack of obvious progress in lowering inflation from its pandemic-related surge.\"This debate about exactly where we should go, and then become more data-dependent, is going to heat up in the last part of the year here,\" St. Louis Fed President James Bullard said in a Reuters interview last week.San Francisco Fed President Mary Daly added her voice to that debate on Friday during an event in Monterey, California. While acknowledging that high inflation made it \"really challenging\" for the central bank to step down from its rate hikes, Daly said \"the time is now to start talking about stepping down. The time is now to start planning for stepping down.\"Investors widely expect the Fed next month to raise its benchmark overnight interest rate by three-quarters of a percentage point for a fourth consecutive time, lifting it to a range of 3.75% to 4.00%.Yet even as markets point to another large increase at the final policy meeting of the year in December, sentiment is building within the Fed to take a breather. While the process of raising interest rates is not yet finished, policymakers feel they may be at the point where further increases can be smaller in size, and are close to where they can pause altogether in order to take stock as the economy adjusts to the rapid change in credit conditions the central bank has set in motion.That advice has been subtle: In a speech earlier this month, Fed Vice Chair Lael Brainard offered a list of reasons to be cautious about further tightening without overtly calling for a slowdown or pause.It also has been blunt: In comments this week in Virginia, Chicago Fed President Charles Evans warned of outsized \"nonlinear\" risks to the economy if the federal funds rate is lifted much beyond the 4.6% level officials projected in September that they would reach next year.\"It really does begin to weigh on the economy,\" Evans said. Even with the existing rate outlook, it was a \"closer call than normal\" whether recession can be avoided.With that view becoming more full-throated, and more economists saying a U.S. recession is likely next year, the November meeting may well be when the Fed signals it is time to slow down - a moment Fed Chair Jerome Powell said in a Sept. 21 news conference would be approaching \"at some point.\"Powell has not spoken publicly about monetary policy since then.INFLATION SURPRISESData on inflation has offered little relief to the Fed. Headline consumer prices rose in September at an 8.2% annual rate. The U.S. central bank uses a different inflation measure for its 2% inflation target, but that remains roughly three times the target.Job growth continues to be strong, with a still-outsized number of vacancies compared to the number of jobseekers. Employers say it remains difficult to find workers.Yet even some of the Fed's most hawkish voices appear ready to let the economy have time to catch up with the monetary tightening already underway.Bullard told Reuters he also sees a federal funds rate of around 4.6% as a point to pause and take stock, though he'd prefer to get there by the end of this year with two more 75-basis-point increases and then let policy evolve in 2023 based on how inflation behaves.Expectations at the Fed about inflation have begun to settle around three key points that both buttress the calls for caution on further rate hikes, but also leave policymakers wanting to keep their options open.Inflation, officials acknowledge, has become broader and more persistent than anticipated, and may be slow to decline. Consumer prices are weighted towards rents, which are slow to change, and much of the current inflation is coming from service industries where price changes are harder to influence.In economic projections released by the Fed in September, a version of policymakers' preferred measure of inflation was seen ending 2023 above 3%. Recent staff estimates, recounted in the minutes of the last Fed meeting, indicated the economy may be much \"tighter\" than anticipated as high demand strains against potential output that may be more limited than thought.But policymakers also agree the full impact of their rate hikes may not become clear for months, even as data is starting to show the seeds of an inflation slowdown taking root. Vehicle prices that drove the inflation surge in the early part of the pandemic are falling, and industry executives expect more; month-to-month data show rents are coming down and the housing industry, a barometer of other household spending, is slowing rapidly as the average rate on a 30-year fixed mortgage nears 7%.Yet, in another point of agreement, risk sentiment among Fed officials is almost uniformly tilted towards the likelihood of more inflation surprises to come, putting the group on what some have described as a hope-for-the-best-prepare-for-the-worst footing. In September, 17 of 19 officials saw inflation risks as \"weighted to the upside.\"In that situation, even if policymakers are ready to be done with the 75-basis-point rate increases, they won't want the public to equate smaller future hikes with a true policy \"pivot\" or a softened stance on inflation - a tricky point to communicate.Even more dovish officials like Evans agree monetary policy needs to hit a more restrictive level and stay there until the back of inflation is broken. Others agree even if the Fed slows to half-percentage-point increases after next month's meeting, that remains fast by recent standards and could quickly push the federal funds rate to a level of 5% or higher, more in line with rate-hiking cycles since the 1990s and a level some economists see as needed before the Fed's work is done.\"How do you step down without giving external observers, financial markets, the wrong impression?\" Evans said. \"I think that puts a premium on explaining where we think we are, what we're expecting inflation to be doing, and when you're going to be willing to say 'I think I've got the level of the funds rate that is adequately restrictive in order to be consistent with inflation coming down.' It's hard. That's a hard discussion.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":125,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9981660467,"gmtCreate":1666492778460,"gmtModify":1676537761750,"author":{"id":"4111809398482662","authorId":"4111809398482662","name":"Great Joy","avatar":"https://community-static.tradeup.com/news/60d4182388f8b85c577b0310c872c28d","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4111809398482662","authorIdStr":"4111809398482662"},"themes":[],"htmlText":"Thanks&nbsp;","listText":"Thanks&nbsp;","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9981660467","repostId":"2277744230","repostType":4,"isVote":1,"tweetType":1,"viewCount":355,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9989868984,"gmtCreate":1665970280148,"gmtModify":1676537684775,"author":{"id":"4111809398482662","authorId":"4111809398482662","name":"Great Joy","avatar":"https://community-static.tradeup.com/news/60d4182388f8b85c577b0310c872c28d","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4111809398482662","authorIdStr":"4111809398482662"},"themes":[],"htmlText":"Thanks&nbsp;","listText":"Thanks&nbsp;","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9989868984","repostId":"2276758809","repostType":4,"repost":{"id":"2276758809","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1665946740,"share":"https://ttm.financial/m/news/2276758809?lang=&edition=fundamental","pubTime":"2022-10-17 02:59","market":"us","language":"en","title":"Tesla, Netflix Set to Report Earnings: What to Watch This Week","url":"https://stock-news.laohu8.com/highlight/detail?id=2276758809","media":"Dow Jones","summary":"Third-quarter earnings season picks up this week, with more than 60 S&P 500 companies scheduled to r","content":"<html><head></head><body><p>Third-quarter earnings season picks up this week, with more than 60 S&amp;P 500 companies scheduled to report. The economic calendar will bring a bevy of housing-market indicators and other data.</p><p><a href=\"https://laohu8.com/S/BAC\">Bank of America</a> and <a href=\"https://laohu8.com/S/SCHW\">Charles Schwab</a> will be Monday&#39;s earnings highlights, followed by <a href=\"https://laohu8.com/S/NFLX\">Netflix</a>, <a href=\"https://laohu8.com/S/LMT\">Lockheed Martin</a>, Johnson &amp; Johnson, <a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>, and <a href=\"https://laohu8.com/S/ISRG\">Intuitive Surgical</a> on Tuesday.</p><p><a href=\"https://laohu8.com/S/IBM\">IBM</a>, <a href=\"https://laohu8.com/S/TSLA\">Tesla</a>, Procter &amp; Gamble, <a href=\"https://laohu8.com/S/UBNK\">United</a> Airlines Holdings, and Nestlé release results on Wednesday. Thursday will be busy: Blackstone, Dow, <a href=\"https://laohu8.com/S/AAL\">American Airlines</a> Group, AT&amp;T, <a href=\"https://laohu8.com/S/UNP\">Union Pacific</a>, Snap, and <a href=\"https://laohu8.com/S/SAM\">Boston Beer</a> all report. Finally, <a href=\"https://laohu8.com/S/AXP\">American Express</a>, <a href=\"https://laohu8.com/S/VZA\">Verizon</a> Communications, and <a href=\"https://laohu8.com/S/SLB\">Schlumberger</a> close the week on Friday.</p><p>Housing data out this week will include the National Association of Home Builders&#39; NAHB/<a href=\"https://laohu8.com/S/WFC\">Wells Fargo</a> Housing Market Index for October on Tuesday, the Census Bureau&#39;s new residential construction data for September on Wednesday, and the <a href=\"https://laohu8.com/S/NHLDW\">National</a> Association of Realtors&#39; existing-home sales for September on Thursday.</p><p>Other economic releases this week include the Federal Reserve&#39;s latest beige book on Wednesday and the Conference Board&#39;s Leading Economic Index for September on Thursday.</p><p><b>Monday 10/17</b></p><p>Bank of America, Charles Schwab, and <a href=\"https://laohu8.com/S/BK\">Bank of New York Mellon</a> report third-quarter earnings.</p><p>The Federal Reserve Bank of New York releases its Empire State Manufacturing Survey for October. Expectations are for a minus 2.5 reading, compared with minus 1.5 in September. Readings above zero represent economic expansion in the survey.</p><p><b>Tuesday 10/18</b></p><p>Netflix, Lockheed Martin, Albertsons, <a href=\"https://laohu8.com/S/HAS\">Hasbro</a>, Johnson &amp; Johnson, Roche Holding, Goldman Sachs, Truist Financial, State Street, <a href=\"https://laohu8.com/S/IBKR\">Interactive Brokers</a>, <a href=\"https://laohu8.com/S/OMC\">Omnicom</a> Group, J.B. Hunt Transport Services, and Intuitive Surgical are among companies discussing financial results.</p><p>The Federal Reserve releases industrial production data for September. Economists are looking for no change, after a 0.2% drop in August. Capacity utilization is expected at 79.9%, roughly in line with August&#39;s 80.0%.</p><p>The National Association of Home Builders releases its NAHB/Wells Fargo Housing Market Index for October. Consensus estimate is for a 43.5 reading, compared with 46 in September. The index has dropped every month in 2022 from its 84 reading in December.</p><p><b>Wednesday 10/19</b></p><p>The Census Bureau reports new residential construction data for September. Economists forecast a seasonally adjusted annual rate of 1.480 million new housing starts, compared with 1.575 million in August.</p><p>IBM, Tesla, Procter &amp; Gamble, <a href=\"https://laohu8.com/S/TRV\">Travelers</a>, <a href=\"https://laohu8.com/S/CFG\">Citizens Financial Group</a>, <a href=\"https://laohu8.com/S/UBCP\">United</a> Airlines Holdings, <a href=\"https://laohu8.com/S/ABT\">Abbott Laboratories</a>, <a href=\"https://laohu8.com/S/NTRSP\">Northern</a> Trust, Nestlé, <a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a>, <a href=\"https://laohu8.com/S/BHGE\">Baker Hughes</a>, <a href=\"https://laohu8.com/S/GOM\">Ally Financial</a>, ASML Holding, <a href=\"https://laohu8.com/S/LRCX\">Lam Research</a>, <a href=\"https://laohu8.com/S/PLD\">Prologis</a>, and <a href=\"https://laohu8.com/S/AA\">Alcoa</a> hold earnings calls with investors.</p><p>The Federal Reserve Bank releases its beige book on current economic conditions among its 12 districts.</p><p>Thursday 10/20</p><p>Blackstone, Dow, Union Pacific, NextEra Energy, KeyCorp, <a href=\"https://laohu8.com/S/MAN\">ManpowerGroup</a>, Snap-On, <a href=\"https://laohu8.com/S/DHR\">Danaher</a>, <a href=\"https://laohu8.com/S/AFG\">American</a> Airlines Group, AT&amp;T, <a href=\"https://laohu8.com/S/PM\">Philip Morris</a> International, Union Pacific, <a href=\"https://laohu8.com/S/DGX\">Quest Diagnostics</a>, <a href=\"https://laohu8.com/S/GPC\">Genuine Parts</a>, CSX, Snap, and Boston Beer hold earnings conference calls.</p><p>The Conference Board releases its Leading Economic Index for September. Consensus estimate is for a seasonally adjusted 0.3% month-over-month decline, after a 0.3% drop in August.</p><p>The National Association of Realtors reports existing-home sales for September. Expectations are for a seasonally adjusted annual rate of 4.70 million homes sold, compared with 4.80 million in August.</p><p>The Philadelphia Fed Manufacturing Index is released. Estimates call for a minus 5.0 reading in October, compared with minus 9.9 in September.</p><p>Friday 10/21</p><p>American Express, <a href=\"https://laohu8.com/S/WHR\">Whirlpool</a>, Regions Financial, HCA <a href=\"https://laohu8.com/S/HCSG\">Healthcare</a>, <a href=\"https://laohu8.com/S/THC\">Tenet Healthcare</a>, and Schlumberger hold earnings conference calls.</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, Netflix Set to Report Earnings: What to Watch This Week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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, Netflix Set to Report Earnings: What to Watch This Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-10-17 02:59</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Third-quarter earnings season picks up this week, with more than 60 S&amp;P 500 companies scheduled to report. The economic calendar will bring a bevy of housing-market indicators and other data.</p><p><a href=\"https://laohu8.com/S/BAC\">Bank of America</a> and <a href=\"https://laohu8.com/S/SCHW\">Charles Schwab</a> will be Monday&#39;s earnings highlights, followed by <a href=\"https://laohu8.com/S/NFLX\">Netflix</a>, <a href=\"https://laohu8.com/S/LMT\">Lockheed Martin</a>, Johnson &amp; Johnson, <a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>, and <a href=\"https://laohu8.com/S/ISRG\">Intuitive Surgical</a> on Tuesday.</p><p><a href=\"https://laohu8.com/S/IBM\">IBM</a>, <a href=\"https://laohu8.com/S/TSLA\">Tesla</a>, Procter &amp; Gamble, <a href=\"https://laohu8.com/S/UBNK\">United</a> Airlines Holdings, and Nestlé release results on Wednesday. Thursday will be busy: Blackstone, Dow, <a href=\"https://laohu8.com/S/AAL\">American Airlines</a> Group, AT&amp;T, <a href=\"https://laohu8.com/S/UNP\">Union Pacific</a>, Snap, and <a href=\"https://laohu8.com/S/SAM\">Boston Beer</a> all report. Finally, <a href=\"https://laohu8.com/S/AXP\">American Express</a>, <a href=\"https://laohu8.com/S/VZA\">Verizon</a> Communications, and <a href=\"https://laohu8.com/S/SLB\">Schlumberger</a> close the week on Friday.</p><p>Housing data out this week will include the National Association of Home Builders&#39; NAHB/<a href=\"https://laohu8.com/S/WFC\">Wells Fargo</a> Housing Market Index for October on Tuesday, the Census Bureau&#39;s new residential construction data for September on Wednesday, and the <a href=\"https://laohu8.com/S/NHLDW\">National</a> Association of Realtors&#39; existing-home sales for September on Thursday.</p><p>Other economic releases this week include the Federal Reserve&#39;s latest beige book on Wednesday and the Conference Board&#39;s Leading Economic Index for September on Thursday.</p><p><b>Monday 10/17</b></p><p>Bank of America, Charles Schwab, and <a href=\"https://laohu8.com/S/BK\">Bank of New York Mellon</a> report third-quarter earnings.</p><p>The Federal Reserve Bank of New York releases its Empire State Manufacturing Survey for October. Expectations are for a minus 2.5 reading, compared with minus 1.5 in September. Readings above zero represent economic expansion in the survey.</p><p><b>Tuesday 10/18</b></p><p>Netflix, Lockheed Martin, Albertsons, <a href=\"https://laohu8.com/S/HAS\">Hasbro</a>, Johnson &amp; Johnson, Roche Holding, Goldman Sachs, Truist Financial, State Street, <a href=\"https://laohu8.com/S/IBKR\">Interactive Brokers</a>, <a href=\"https://laohu8.com/S/OMC\">Omnicom</a> Group, J.B. Hunt Transport Services, and Intuitive Surgical are among companies discussing financial results.</p><p>The Federal Reserve releases industrial production data for September. Economists are looking for no change, after a 0.2% drop in August. Capacity utilization is expected at 79.9%, roughly in line with August&#39;s 80.0%.</p><p>The National Association of Home Builders releases its NAHB/Wells Fargo Housing Market Index for October. Consensus estimate is for a 43.5 reading, compared with 46 in September. The index has dropped every month in 2022 from its 84 reading in December.</p><p><b>Wednesday 10/19</b></p><p>The Census Bureau reports new residential construction data for September. Economists forecast a seasonally adjusted annual rate of 1.480 million new housing starts, compared with 1.575 million in August.</p><p>IBM, Tesla, Procter &amp; Gamble, <a href=\"https://laohu8.com/S/TRV\">Travelers</a>, <a href=\"https://laohu8.com/S/CFG\">Citizens Financial Group</a>, <a href=\"https://laohu8.com/S/UBCP\">United</a> Airlines Holdings, <a href=\"https://laohu8.com/S/ABT\">Abbott Laboratories</a>, <a href=\"https://laohu8.com/S/NTRSP\">Northern</a> Trust, Nestlé, <a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a>, <a href=\"https://laohu8.com/S/BHGE\">Baker Hughes</a>, <a href=\"https://laohu8.com/S/GOM\">Ally Financial</a>, ASML Holding, <a href=\"https://laohu8.com/S/LRCX\">Lam Research</a>, <a href=\"https://laohu8.com/S/PLD\">Prologis</a>, and <a href=\"https://laohu8.com/S/AA\">Alcoa</a> hold earnings calls with investors.</p><p>The Federal Reserve Bank releases its beige book on current economic conditions among its 12 districts.</p><p>Thursday 10/20</p><p>Blackstone, Dow, Union Pacific, NextEra Energy, KeyCorp, <a href=\"https://laohu8.com/S/MAN\">ManpowerGroup</a>, Snap-On, <a href=\"https://laohu8.com/S/DHR\">Danaher</a>, <a href=\"https://laohu8.com/S/AFG\">American</a> Airlines Group, AT&amp;T, <a href=\"https://laohu8.com/S/PM\">Philip Morris</a> International, Union Pacific, <a href=\"https://laohu8.com/S/DGX\">Quest Diagnostics</a>, <a href=\"https://laohu8.com/S/GPC\">Genuine Parts</a>, CSX, Snap, and Boston Beer hold earnings conference calls.</p><p>The Conference Board releases its Leading Economic Index for September. Consensus estimate is for a seasonally adjusted 0.3% month-over-month decline, after a 0.3% drop in August.</p><p>The National Association of Realtors reports existing-home sales for September. Expectations are for a seasonally adjusted annual rate of 4.70 million homes sold, compared with 4.80 million in August.</p><p>The Philadelphia Fed Manufacturing Index is released. Estimates call for a minus 5.0 reading in October, compared with minus 9.9 in September.</p><p>Friday 10/21</p><p>American Express, <a href=\"https://laohu8.com/S/WHR\">Whirlpool</a>, Regions Financial, HCA <a href=\"https://laohu8.com/S/HCSG\">Healthcare</a>, <a href=\"https://laohu8.com/S/THC\">Tenet Healthcare</a>, and Schlumberger hold earnings conference calls.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","BK4527":"明星科技股","BK4550":"红杉资本持仓","NFLX":"奈飞","BK4574":"无人驾驶","BK4551":"寇图资本持仓","BK4581":"高盛持仓","BK4099":"汽车制造商","BK4511":"特斯拉概念","BK4548":"巴美列捷福持仓","QNETCN":"纳斯达克中美互联网老虎指数","BK4532":"文艺复兴科技持仓","BK4108":"电影和娱乐","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)","BK4555":"新能源车","BK4566":"资本集团","BK4524":"宅经济概念"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2276758809","content_text":"Third-quarter earnings season picks up this week, with more than 60 S&P 500 companies scheduled to report. The economic calendar will bring a bevy of housing-market indicators and other data.Bank of America and Charles Schwab will be Monday's earnings highlights, followed by Netflix, Lockheed Martin, Johnson & Johnson, Goldman Sachs, and Intuitive Surgical on Tuesday.IBM, Tesla, Procter & Gamble, United Airlines Holdings, and Nestlé release results on Wednesday. Thursday will be busy: Blackstone, Dow, American Airlines Group, AT&T, Union Pacific, Snap, and Boston Beer all report. Finally, American Express, Verizon Communications, and Schlumberger close the week on Friday.Housing data out this week will include the National Association of Home Builders' NAHB/Wells Fargo Housing Market Index for October on Tuesday, the Census Bureau's new residential construction data for September on Wednesday, and the National Association of Realtors' existing-home sales for September on Thursday.Other economic releases this week include the Federal Reserve's latest beige book on Wednesday and the Conference Board's Leading Economic Index for September on Thursday.Monday 10/17Bank of America, Charles Schwab, and Bank of New York Mellon report third-quarter earnings.The Federal Reserve Bank of New York releases its Empire State Manufacturing Survey for October. Expectations are for a minus 2.5 reading, compared with minus 1.5 in September. Readings above zero represent economic expansion in the survey.Tuesday 10/18Netflix, Lockheed Martin, Albertsons, Hasbro, Johnson & Johnson, Roche Holding, Goldman Sachs, Truist Financial, State Street, Interactive Brokers, Omnicom Group, J.B. Hunt Transport Services, and Intuitive Surgical are among companies discussing financial results.The Federal Reserve releases industrial production data for September. Economists are looking for no change, after a 0.2% drop in August. Capacity utilization is expected at 79.9%, roughly in line with August's 80.0%.The National Association of Home Builders releases its NAHB/Wells Fargo Housing Market Index for October. Consensus estimate is for a 43.5 reading, compared with 46 in September. The index has dropped every month in 2022 from its 84 reading in December.Wednesday 10/19The Census Bureau reports new residential construction data for September. Economists forecast a seasonally adjusted annual rate of 1.480 million new housing starts, compared with 1.575 million in August.IBM, Tesla, Procter & Gamble, Travelers, Citizens Financial Group, United Airlines Holdings, Abbott Laboratories, Northern Trust, Nestlé, Nasdaq, Baker Hughes, Ally Financial, ASML Holding, Lam Research, Prologis, and Alcoa hold earnings calls with investors.The Federal Reserve Bank releases its beige book on current economic conditions among its 12 districts.Thursday 10/20Blackstone, Dow, Union Pacific, NextEra Energy, KeyCorp, ManpowerGroup, Snap-On, Danaher, American Airlines Group, AT&T, Philip Morris International, Union Pacific, Quest Diagnostics, Genuine Parts, CSX, Snap, and Boston Beer hold earnings conference calls.The Conference Board releases its Leading Economic Index for September. Consensus estimate is for a seasonally adjusted 0.3% month-over-month decline, after a 0.3% drop in August.The National Association of Realtors reports existing-home sales for September. Expectations are for a seasonally adjusted annual rate of 4.70 million homes sold, compared with 4.80 million in August.The Philadelphia Fed Manufacturing Index is released. Estimates call for a minus 5.0 reading in October, compared with minus 9.9 in September.Friday 10/21American Express, Whirlpool, Regions Financial, HCA Healthcare, Tenet Healthcare, and Schlumberger hold earnings conference calls.","news_type":1},"isVote":1,"tweetType":1,"viewCount":140,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9989972485,"gmtCreate":1665894752947,"gmtModify":1676537676995,"author":{"id":"4111809398482662","authorId":"4111809398482662","name":"Great Joy","avatar":"https://community-static.tradeup.com/news/60d4182388f8b85c577b0310c872c28d","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4111809398482662","authorIdStr":"4111809398482662"},"themes":[],"htmlText":"Thanks&nbsp;","listText":"Thanks&nbsp;","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9989972485","repostId":"2275391547","repostType":4,"repost":{"id":"2275391547","pubTimestamp":1665880939,"share":"https://ttm.financial/m/news/2275391547?lang=&edition=fundamental","pubTime":"2022-10-16 08:42","market":"us","language":"en","title":"Apple to Benefit From iPhone 14 Pro Strength, Credit Suisse Says","url":"https://stock-news.laohu8.com/highlight/detail?id=2275391547","media":"Seeking Alpha","summary":"Apple (NASDAQ:AAPL) is slated to report fiscal fourth-quarter results on October 27th and the tech g","content":"<html><head></head><body><p>Apple (NASDAQ:AAPL) is slated to report fiscal fourth-quarter results on October 27th and the tech giant is likely to benefit from strength in its iPhone 14 Pro and iPhone 14 Pro Max models, Credit Suisse said.</p><p>Analyst Shannon Cross, who has an outperform rating on Apple (AAPL), raised her revenue and earnings per share estimates by 1% on continued strong sales of the high-end models. She now expects Apple (AAPL) to generate $89.68B in revenue and $1.30 a share, up from a prior estimate of $88.7B and $1.26 a share. </p><p>Cross noted that although Apple (AAPL) raised the price of its devices in many countries, perhaps to account for volatile currencies, it did not do so in China. Cross said this was possibly not done in order to &#34;better retain demand in a market weighted to flagship iPhone models.&#34;</p><p>In Japan, Apple (AAPL) raised the iPhone 14 average selling price by roughly 22%, while the average selling price of the iPhone increased roughly 15% in Europe.</p><p>Cross also noted that although Mac, iPad, wearable, and home and accessories supplies were constrained in the third quarter, it&#39;s possible that supply chains improved, notably helping the Mac.</p><p>Cross highlighted recent data from research firm IDC, which said that Apple (AAPL) gained roughly six points of market share in the third quarter, to reach 13.5% of the PC market.</p><p>Despite the expected strength in its fiscal fourth quarter, Cross does not expect that to continue for much longer. She lowered her estimates for the 2023 and 2024 fiscal years to account for a &#34;weaker consumer backdrop.&#34;</p><p>On Thursday, Apple (AAPL) introduced a high-yield savings account with Goldman Sachs (GS) as its banking partner.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple to Benefit From iPhone 14 Pro Strength, Credit Suisse Says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple to Benefit From iPhone 14 Pro Strength, Credit Suisse Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-16 08:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3891188-apple-to-benefit-from-iphone-14-pro-strength-credit-suisse-says><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apple (NASDAQ:AAPL) is slated to report fiscal fourth-quarter results on October 27th and the tech giant is likely to benefit from strength in its iPhone 14 Pro and iPhone 14 Pro Max models, Credit ...</p>\n\n<a href=\"https://seekingalpha.com/news/3891188-apple-to-benefit-from-iphone-14-pro-strength-credit-suisse-says\">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/news/3891188-apple-to-benefit-from-iphone-14-pro-strength-credit-suisse-says","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2275391547","content_text":"Apple (NASDAQ:AAPL) is slated to report fiscal fourth-quarter results on October 27th and the tech giant is likely to benefit from strength in its iPhone 14 Pro and iPhone 14 Pro Max models, Credit Suisse said.Analyst Shannon Cross, who has an outperform rating on Apple (AAPL), raised her revenue and earnings per share estimates by 1% on continued strong sales of the high-end models. She now expects Apple (AAPL) to generate $89.68B in revenue and $1.30 a share, up from a prior estimate of $88.7B and $1.26 a share. Cross noted that although Apple (AAPL) raised the price of its devices in many countries, perhaps to account for volatile currencies, it did not do so in China. Cross said this was possibly not done in order to \"better retain demand in a market weighted to flagship iPhone models.\"In Japan, Apple (AAPL) raised the iPhone 14 average selling price by roughly 22%, while the average selling price of the iPhone increased roughly 15% in Europe.Cross also noted that although Mac, iPad, wearable, and home and accessories supplies were constrained in the third quarter, it's possible that supply chains improved, notably helping the Mac.Cross highlighted recent data from research firm IDC, which said that Apple (AAPL) gained roughly six points of market share in the third quarter, to reach 13.5% of the PC market.Despite the expected strength in its fiscal fourth quarter, Cross does not expect that to continue for much longer. She lowered her estimates for the 2023 and 2024 fiscal years to account for a \"weaker consumer backdrop.\"On Thursday, Apple (AAPL) introduced a high-yield savings account with Goldman Sachs (GS) as its banking partner.","news_type":1},"isVote":1,"tweetType":1,"viewCount":169,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9989972302,"gmtCreate":1665894656206,"gmtModify":1676537676979,"author":{"id":"4111809398482662","authorId":"4111809398482662","name":"Great Joy","avatar":"https://community-static.tradeup.com/news/60d4182388f8b85c577b0310c872c28d","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4111809398482662","authorIdStr":"4111809398482662"},"themes":[],"htmlText":"Thanks&nbsp;","listText":"Thanks&nbsp;","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9989972302","repostId":"2275950254","repostType":4,"isVote":1,"tweetType":1,"viewCount":321,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9989972975,"gmtCreate":1665894638497,"gmtModify":1676537676979,"author":{"id":"4111809398482662","authorId":"4111809398482662","name":"Great Joy","avatar":"https://community-static.tradeup.com/news/60d4182388f8b85c577b0310c872c28d","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4111809398482662","authorIdStr":"4111809398482662"},"themes":[],"htmlText":"Thanks&nbsp;","listText":"Thanks&nbsp;","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9989972975","repostId":"2275403939","repostType":4,"isVote":1,"tweetType":1,"viewCount":141,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9914749204,"gmtCreate":1665371940908,"gmtModify":1676537594632,"author":{"id":"4111809398482662","authorId":"4111809398482662","name":"Great Joy","avatar":"https://community-static.tradeup.com/news/60d4182388f8b85c577b0310c872c28d","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4111809398482662","authorIdStr":"4111809398482662"},"themes":[],"htmlText":"Thanks&nbsp;","listText":"Thanks&nbsp;","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9914749204","repostId":"1177052397","repostType":4,"repost":{"id":"1177052397","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1665370339,"share":"https://ttm.financial/m/news/1177052397?lang=&edition=fundamental","pubTime":"2022-10-10 10:52","market":"hk","language":"en","title":"Alibaba, Nio Shed Over 3%: Why Hong Kong Shares Are Sliding Today","url":"https://stock-news.laohu8.com/highlight/detail?id=1177052397","media":"Benzinga","summary":"KEY POINTSShares of Alibaba fell over 3% while Xpeng and Li Auto shares shed over 5%.Benchmark Hang ","content":"<html><head></head><body><h2>KEY POINTS</h2><ul><li>Shares of Alibaba fell over 3% while Xpeng and Li Auto shares shed over 5%.</li><li>Benchmark Hang Seng fell over 2% in morning trade.</li><li>China is witnessing a rebound in Covid-19 cases after the week-long National Day holiday.</li></ul><p>Hong Kong stocks opened in the red on Monday after major Wall Street indices closed over 2% lower on Friday, following upbeat jobs data that could potentially pave the path for the U.S. <b>Federal Reserve</b> to continue on its aggressive rate hike path.</p><p><img src=\"https://static.tigerbbs.com/b221b34347760d744de2542dcaac04f9\" tg-width=\"440\" tg-height=\"479\" referrerpolicy=\"no-referrer\"/>ANZ Research said in a note that while the unemployment drop was partially driven by a small fall in the labor force participation rate (to 62.3% from 62.4%), it was still a very solid report. “The data are a headache for the Fed, who have already delivered three consecutive 75bp rate hikes as it acts to get ahead of the surge in underlying inflation pressures,” it said.</p><p>The benchmark Hang Seng fell over 2% in morning trade. Shares of Alibaba fell over 3%, while Xpeng and Li Auto shares shed over 6%.</p><p><b>Macro News</b>: New home sales by floor area dropped 37.7% year-on-year over the week-long National Day holiday in China according to a private survey, as tough pandemic restrictions further hit fragile demand,reported Reuters.</p><p><b>Company News</b>: EV-maker <b>Tesla Inc</b> sold 83,135 China-made vehicles wholesale in September, breaking its monthly sales record in China,reportedReuters, citing the China Passenger Car Association (CPCA).</p><p>Food delivery giant <b>Meituan</b> is considering an expansion into Hong Kong and international markets as domestic growth slows,reported Bloomberg.</p><p><b>Top Gainers and Losers</b>: <b>Li Ning Company Ltd</b> and <b>Meituan</b> are the top losers among Hang Seng constituents having shed over 6% and 5% respectively. <b>WuXi Biologics (Cayman) Inc.</b> and <b>CNOOC Limited</b> were the only gainers having risen over 4% and 0.17% respectively.</p><p><b>Global News</b>: U.S. futures traded lower on Monday morning Asia session. Dow Jones futures were down 0.35% while Nasdaq futures lost 0.39%. The S&amp;P 500 futures were down 0.36%.</p><p>Elsewhere in Asia, Australia’s ASX 200 was down 1.5%. China’s Shanghai Composite index was up 0.05%. Japanese and South Korean markets remained closed on Monday.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba, Nio Shed Over 3%: Why Hong Kong Shares Are Sliding Today</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba, Nio Shed Over 3%: Why Hong Kong Shares Are Sliding Today\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2022-10-10 10:52</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><h2>KEY POINTS</h2><ul><li>Shares of Alibaba fell over 3% while Xpeng and Li Auto shares shed over 5%.</li><li>Benchmark Hang Seng fell over 2% in morning trade.</li><li>China is witnessing a rebound in Covid-19 cases after the week-long National Day holiday.</li></ul><p>Hong Kong stocks opened in the red on Monday after major Wall Street indices closed over 2% lower on Friday, following upbeat jobs data that could potentially pave the path for the U.S. <b>Federal Reserve</b> to continue on its aggressive rate hike path.</p><p><img src=\"https://static.tigerbbs.com/b221b34347760d744de2542dcaac04f9\" tg-width=\"440\" tg-height=\"479\" referrerpolicy=\"no-referrer\"/>ANZ Research said in a note that while the unemployment drop was partially driven by a small fall in the labor force participation rate (to 62.3% from 62.4%), it was still a very solid report. “The data are a headache for the Fed, who have already delivered three consecutive 75bp rate hikes as it acts to get ahead of the surge in underlying inflation pressures,” it said.</p><p>The benchmark Hang Seng fell over 2% in morning trade. Shares of Alibaba fell over 3%, while Xpeng and Li Auto shares shed over 6%.</p><p><b>Macro News</b>: New home sales by floor area dropped 37.7% year-on-year over the week-long National Day holiday in China according to a private survey, as tough pandemic restrictions further hit fragile demand,reported Reuters.</p><p><b>Company News</b>: EV-maker <b>Tesla Inc</b> sold 83,135 China-made vehicles wholesale in September, breaking its monthly sales record in China,reportedReuters, citing the China Passenger Car Association (CPCA).</p><p>Food delivery giant <b>Meituan</b> is considering an expansion into Hong Kong and international markets as domestic growth slows,reported Bloomberg.</p><p><b>Top Gainers and Losers</b>: <b>Li Ning Company Ltd</b> and <b>Meituan</b> are the top losers among Hang Seng constituents having shed over 6% and 5% respectively. <b>WuXi Biologics (Cayman) Inc.</b> and <b>CNOOC Limited</b> were the only gainers having risen over 4% and 0.17% respectively.</p><p><b>Global News</b>: U.S. futures traded lower on Monday morning Asia session. Dow Jones futures were down 0.35% while Nasdaq futures lost 0.39%. The S&amp;P 500 futures were down 0.36%.</p><p>Elsewhere in Asia, Australia’s ASX 200 was down 1.5%. China’s Shanghai Composite index was up 0.05%. Japanese and South Korean markets remained closed on Monday.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO.SI":"蔚来","NIO":"蔚来","09866":"蔚来-SW","09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177052397","content_text":"KEY POINTSShares of Alibaba fell over 3% while Xpeng and Li Auto shares shed over 5%.Benchmark Hang Seng fell over 2% in morning trade.China is witnessing a rebound in Covid-19 cases after the week-long National Day holiday.Hong Kong stocks opened in the red on Monday after major Wall Street indices closed over 2% lower on Friday, following upbeat jobs data that could potentially pave the path for the U.S. Federal Reserve to continue on its aggressive rate hike path.ANZ Research said in a note that while the unemployment drop was partially driven by a small fall in the labor force participation rate (to 62.3% from 62.4%), it was still a very solid report. “The data are a headache for the Fed, who have already delivered three consecutive 75bp rate hikes as it acts to get ahead of the surge in underlying inflation pressures,” it said.The benchmark Hang Seng fell over 2% in morning trade. Shares of Alibaba fell over 3%, while Xpeng and Li Auto shares shed over 6%.Macro News: New home sales by floor area dropped 37.7% year-on-year over the week-long National Day holiday in China according to a private survey, as tough pandemic restrictions further hit fragile demand,reported Reuters.Company News: EV-maker Tesla Inc sold 83,135 China-made vehicles wholesale in September, breaking its monthly sales record in China,reportedReuters, citing the China Passenger Car Association (CPCA).Food delivery giant Meituan is considering an expansion into Hong Kong and international markets as domestic growth slows,reported Bloomberg.Top Gainers and Losers: Li Ning Company Ltd and Meituan are the top losers among Hang Seng constituents having shed over 6% and 5% respectively. WuXi Biologics (Cayman) Inc. and CNOOC Limited were the only gainers having risen over 4% and 0.17% respectively.Global News: U.S. futures traded lower on Monday morning Asia session. Dow Jones futures were down 0.35% while Nasdaq futures lost 0.39%. The S&P 500 futures were down 0.36%.Elsewhere in Asia, Australia’s ASX 200 was down 1.5%. China’s Shanghai Composite index was up 0.05%. Japanese and South Korean markets remained closed on Monday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":174,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9914749123,"gmtCreate":1665371871563,"gmtModify":1676537594607,"author":{"id":"4111809398482662","authorId":"4111809398482662","name":"Great Joy","avatar":"https://community-static.tradeup.com/news/60d4182388f8b85c577b0310c872c28d","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4111809398482662","authorIdStr":"4111809398482662"},"themes":[],"htmlText":"Thanks&nbsp;","listText":"Thanks&nbsp;","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9914749123","repostId":"2274309862","repostType":4,"repost":{"id":"2274309862","pubTimestamp":1665371721,"share":"https://ttm.financial/m/news/2274309862?lang=&edition=fundamental","pubTime":"2022-10-10 11:15","market":"us","language":"en","title":"Down 32%, Is Pinterest Stock a Buy Right Now?","url":"https://stock-news.laohu8.com/highlight/detail?id=2274309862","media":"Motley Fool","summary":"The image-centric social media platform still has far more users than it did before the pandemic.","content":"<html><head></head><body><p>Wall Street isn&#39;t sure what to make of <b>Pinterest</b> stock these days. Falling demand for digital advertising as businesses fear a recession might be in the cards is putting pressure on the social media company and contributing to its net losses.</p><p>But in the wake of the soaring growth that it enjoyed during the earlier phases of the pandemic, Pinterest isn&#39;t enduring as severe of a growth hangover as some of its peers. And its new CEO has some ambitious plans to expand the business over the next several years.</p><p>With that big picture in mind, let&#39;s look at how attractive the stock is as a buy right now.</p><h2>The latest trends</h2><p>Pinterest&#39;s last earnings update was a mixed bag. While sales grew 10% in the second quarter, that expansion pace was much slower than shareholders had seen recently. The company is shedding users, too, and advertising spending on the platform is slowing.</p><p>Yet, its user base of 433 million is still far higher than it was prior to the pandemic. And Pinterest&#39;s monetization metrics are impressive. Average revenue per user grew 17% across the business and jumped 20% in the U.S. market.</p><p>These successes came despite falling demand for advertising in many markets and were powered by improvements to its shopping platform. &#34;We continue to make Pinterest the home for personalized, taste-driven shopping,&#34; CEO Bill Ready said in the Q2 letter to shareholders.</p><h2>Cash and profits</h2><p>The main factor pressuring the stock today is that Pinterest is now posting losses rather than generating steady profits. Its operating loss was 5% of sales in the second quarter compared to a 12% profit a year earlier. And in the current macroeconomic environment, Wall Street doesn&#39;t have much patience for businesses that are booking losses -- even if their top lines are growing.</p><p>But the losses are modest and are being driven by management&#39;s spending on promising growth initiatives like greater shopping integration and the use of AI to populate users&#39; feeds. Pinterest is in a flexible cash position, after all, with over $2.5 billion of cash on the books and positive cash flow of $333 million over the last six months.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/69d0ad6a57baef846234eca450383817\" tg-width=\"720\" tg-height=\"465\" width=\"100%\" height=\"auto\"/><span>PINS Cash from Operations (TTM) data by YCharts</span></p><h2>Valuable growth</h2><p>Pinterest has forecast more of the same general trends through the second half of 2022, with sales likely to expand slowly while expenses grow a bit faster. That result would probably spell weaker earnings this year while potentially laying the groundwork for expanding margins in 2023 and beyond.</p><p>Investors might want to simply follow this stock for the next quarter or two, especially now that the company is under new leadership, to get a better idea about its recovery prospects. Sure, it is encouraging that users are spending more on the platform. And Pinterest isn&#39;t facing a cash crunch that might cause problems for it during a recession.</p><p>However, the business hasn&#39;t demonstrated a clear path back toward expanding its global user base. And investors can&#39;t know yet whether its latest growth initiatives will pay off at a time when many other digital platforms are looking for ways to cut costs.</p><p>Taken together, these factors suggest that Pinterest is a worthwhile stock to keep on your watch list right now, but a risky one to make a big part of your portfolio.</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>Down 32%, Is Pinterest Stock a Buy Right Now?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDown 32%, Is Pinterest Stock a Buy Right Now?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-10 11:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/10/09/down-32-is-pinterest-stock-a-buy-right-now/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wall Street isn't sure what to make of Pinterest stock these days. Falling demand for digital advertising as businesses fear a recession might be in the cards is putting pressure on the social media ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/10/09/down-32-is-pinterest-stock-a-buy-right-now/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PINS":"Pinterest, Inc."},"source_url":"https://www.fool.com/investing/2022/10/09/down-32-is-pinterest-stock-a-buy-right-now/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2274309862","content_text":"Wall Street isn't sure what to make of Pinterest stock these days. Falling demand for digital advertising as businesses fear a recession might be in the cards is putting pressure on the social media company and contributing to its net losses.But in the wake of the soaring growth that it enjoyed during the earlier phases of the pandemic, Pinterest isn't enduring as severe of a growth hangover as some of its peers. And its new CEO has some ambitious plans to expand the business over the next several years.With that big picture in mind, let's look at how attractive the stock is as a buy right now.The latest trendsPinterest's last earnings update was a mixed bag. While sales grew 10% in the second quarter, that expansion pace was much slower than shareholders had seen recently. The company is shedding users, too, and advertising spending on the platform is slowing.Yet, its user base of 433 million is still far higher than it was prior to the pandemic. And Pinterest's monetization metrics are impressive. Average revenue per user grew 17% across the business and jumped 20% in the U.S. market.These successes came despite falling demand for advertising in many markets and were powered by improvements to its shopping platform. \"We continue to make Pinterest the home for personalized, taste-driven shopping,\" CEO Bill Ready said in the Q2 letter to shareholders.Cash and profitsThe main factor pressuring the stock today is that Pinterest is now posting losses rather than generating steady profits. Its operating loss was 5% of sales in the second quarter compared to a 12% profit a year earlier. And in the current macroeconomic environment, Wall Street doesn't have much patience for businesses that are booking losses -- even if their top lines are growing.But the losses are modest and are being driven by management's spending on promising growth initiatives like greater shopping integration and the use of AI to populate users' feeds. Pinterest is in a flexible cash position, after all, with over $2.5 billion of cash on the books and positive cash flow of $333 million over the last six months.PINS Cash from Operations (TTM) data by YChartsValuable growthPinterest has forecast more of the same general trends through the second half of 2022, with sales likely to expand slowly while expenses grow a bit faster. That result would probably spell weaker earnings this year while potentially laying the groundwork for expanding margins in 2023 and beyond.Investors might want to simply follow this stock for the next quarter or two, especially now that the company is under new leadership, to get a better idea about its recovery prospects. Sure, it is encouraging that users are spending more on the platform. And Pinterest isn't facing a cash crunch that might cause problems for it during a recession.However, the business hasn't demonstrated a clear path back toward expanding its global user base. And investors can't know yet whether its latest growth initiatives will pay off at a time when many other digital platforms are looking for ways to cut costs.Taken together, these factors suggest that Pinterest is a worthwhile stock to keep on your watch list right now, but a risky one to make a big part of your portfolio.","news_type":1},"isVote":1,"tweetType":1,"viewCount":423,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9997967272,"gmtCreate":1661734982698,"gmtModify":1676536568924,"author":{"id":"4111809398482662","authorId":"4111809398482662","name":"Great Joy","avatar":"https://community-static.tradeup.com/news/60d4182388f8b85c577b0310c872c28d","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4111809398482662","authorIdStr":"4111809398482662"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/06918\">$KIDZTECH(06918)$</a>there is a scam for this stock. Please be careful!","listText":"<a href=\"https://ttm.financial/S/06918\">$KIDZTECH(06918)$</a>there is a scam for this stock. Please be careful!","text":"$KIDZTECH(06918)$there is a scam for this stock. Please be careful!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":7,"repostSize":0,"link":"https://ttm.financial/post/9997967272","isVote":1,"tweetType":1,"viewCount":2455,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4102565315636710","authorId":"4102565315636710","name":"pete13","avatar":"https://community-static.tradeup.com/news/de2f1804c0b4dd973c0d032f23c9ddc1","crmLevel":4,"crmLevelSwitch":0,"idStr":"4102565315636710","authorIdStr":"4102565315636710"},"content":"Please share your thoughts","text":"Please share your thoughts","html":"Please share your thoughts"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":193455503859832,"gmtCreate":1688282172895,"gmtModify":1688282177966,"author":{"id":"4111809398482662","authorId":"4111809398482662","name":"Great Joy","avatar":"https://community-static.tradeup.com/news/60d4182388f8b85c577b0310c872c28d","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4111809398482662","authorIdStr":"4111809398482662"},"themes":[],"htmlText":"Thanks&nbsp;","listText":"Thanks&nbsp;","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":17,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/193455503859832","repostId":"1137645835","repostType":4,"isVote":1,"tweetType":1,"viewCount":303,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9078049083,"gmtCreate":1657602794242,"gmtModify":1676536033367,"author":{"id":"4111809398482662","authorId":"4111809398482662","name":"Great Joy","avatar":"https://community-static.tradeup.com/news/60d4182388f8b85c577b0310c872c28d","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4111809398482662","authorIdStr":"4111809398482662"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/01842\">$GROWN UP GROUP(01842)$</a>[Cry]&nbsp;","listText":"<a href=\"https://ttm.financial/S/01842\">$GROWN UP GROUP(01842)$</a>[Cry]&nbsp;","text":"$GROWN UP GROUP(01842)$[Cry]","images":[{"img":"https://community-static.tradeup.com/news/bd424dd4440905b769a76646dd60ec32","width":"1080","height":"2163"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9078049083","isVote":1,"tweetType":1,"viewCount":1448,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4094958652347310","authorId":"4094958652347310","name":"Maxsoh49","avatar":"https://static.tigerbbs.com/75f1d9e53f6e1608d61afc806313a51d","crmLevel":4,"crmLevelSwitch":1,"idStr":"4094958652347310","authorIdStr":"4094958652347310"},"content":"Are you still holding shares?","text":"Are you still holding shares?","html":"Are you still holding shares?"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9918709310,"gmtCreate":1664446178531,"gmtModify":1676537457066,"author":{"id":"4111809398482662","authorId":"4111809398482662","name":"Great Joy","avatar":"https://community-static.tradeup.com/news/60d4182388f8b85c577b0310c872c28d","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4111809398482662","authorIdStr":"4111809398482662"},"themes":[],"htmlText":"Nice&nbsp;","listText":"Nice&nbsp;","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/9918709310","repostId":"1110806858","repostType":4,"repost":{"id":"1110806858","pubTimestamp":1664453656,"share":"https://ttm.financial/m/news/1110806858?lang=&edition=fundamental","pubTime":"2022-09-29 20:14","market":"us","language":"en","title":"Nvidia Stock Is Ready To Rumble With RTX 40 Series And H100 GPUs","url":"https://stock-news.laohu8.com/highlight/detail?id=1110806858","media":"Seeking Alpha","summary":"SummaryNvidia has an impressive launch schedule starting in October for two flagship products – the ","content":"<html><head></head><body><p>Summary</p><ul><li>Nvidia has an impressive launch schedule starting in October for two flagship products – the RTX 40 Series and the H100 GPU.</li><li>We also draw important parallels (pun intended) between the last crypto mining selloff and this selloff with key reasons as to why this time the stock&#39;s comeback will be quicker.</li><li>Nvidia’s stock performance in 2018 and 2022 feels eerily similar as the stock sold off 54% in 2018 specifically because of a gaming miss tied to crypto mining.</li></ul><p><a href=\"https://laohu8.com/S/NVDA\">Nvidia</a> had a big week with GTC 2022 and management is clearly ready to rumble against any excess inventory from crypto mining. The negative catalyst from crypto mining and Nvidia&#39;s price action is eerily similar to Q4 2018/Q1 2019 -- yet the company is not the same company it was four years ago. This is apparent by Nvidia flexing some major product muscle by timing its best-ever gaming release and its best-ever AI chip to hit the market in October.</p><p>We draw important parallels (pun intended) between the last crypto mining selloff and this selloff with key reasons as to why this time the stock&#39;s comeback will be quicker.</p><p>Nvidia stock has been in the clutches of a steep drawdown after the company has faced nearly every headwind imaginable: United States-China tensions, supply chain disruptions spanning many components, tough comps on the data center, tough comps on gaming, and a less-than-rosy macro environment.</p><p>The most impactful headwind, however, was Ethereum’s merge to Proof of Stake (PoS), which ultimately lowers demand for gaming GPUs. This contributed to a $2.5 billion cumulative miss in revenue driven by the gaming segment.</p><p><img src=\"https://static.tigerbbs.com/7e2a398864bf68c2a1547a891ae47791\" tg-width=\"640\" tg-height=\"464\" referrerpolicy=\"no-referrer\"/></p><p>Nvidia’s stock performance in 2018 and 2022 feels eerily similar as the stock sold off 54% in 2018 specifically because of a gaming miss tied to crypto mining. Today, Nvidia is currently 57% YTD.</p><p>It took eighteen months for Nvidia to recover its all-time high from the Q4 2018 selloff (Sept 2018 through Feb 2020). Despite the uncanny similarity that 2018 and 2022 may have, Nvidia is actually a much stronger company today than it was four years ago.</p><p>Below, we discuss a few key reasons Nvidia stock will recover quicker this time around.</p><h3>Drilling into Parallels Around the Gaming Miss</h3><p>During the Q3 2018 results released in November 2018, Nvidia gave Q4 2018 revenue guidance of $2.7 billion, below the analysts’ consensus estimate of $3.4 billion. In January 2019, the company again lowered revenue guidance from $2.7 billion to $2.20 billion, which suggests a total revenue miss of $1.2 billion. Gaming revenue in Q3 2018 was $1.76 billion, up 13% YoY and down 2% QoQ. In Q4 2018, gaming revenue was $954 million, down 45% YoY and down 46% QoQ.</p><p>In the most recent quarter ending July 2022, the company missed on gaming with revenue of $2.04 billion, which is 33% lower than the year ago quarter and 44% lower sequentially. The company is expecting a further decline in gaming sequentially for Q3. According to one analyst on the call, they are modeling for a further 30% sequential decline in gaming and professional visualization offset by low to mid-single digit growth in data center and automotive. The CFO affirmed this understanding is correct.</p><p>After 2018, although it took Nvidia eighteen months to reclaim its all-time highs, in 2020-2021, Nvidia would go on to stage a remarkable turnaround as the stock led tech mega cap stocks in gains. This was not simply because all tech performed well during those years – if you compare Nvidia to Meta (META), Amazon (AMZN) and Google (GOOG)(GOOGL), you’ll see something unique occurred with Nvidia that caused the stock to outpace its peers. In all cases except Apple (AAPL), Nvidia doubled, tripled or quadrupled the performance of other mega cap stocks.</p><p>Perhaps most impressive, Nvidia is still in the lead over all mega cap stocks despite a 57% drawdown this year. It’s the company’s past performance that makes it well worth the time to answer: can Nvidia do it again?</p><h3>Nvidia’s GeForce RTX 40 Series is Perfectly Timed</h3><p>Next quarter, Nvidia was expected to report $6.92 billion and the company guided for $5.9 billion. This is down from $7.10 billion in Q3 of last year. This will be a 17% decline in revenue. Due to this, analysts expect Nvidia to end fiscal year 2023 with 0.8% revenue growth, or $27.13 billion in total revenue.</p><p>It’s not only the top line valuation that is affected by this cut in guidance but it’s the bottom line, as well. In previous quarters, high average sales prices drove $2 billion to $3 billion in operating profits and net profits, whereas in the most recent quarter, the company is reporting $500 million and $656 million, respectively.</p><p>The GAAP EPS reported was $0.26 compared to $0.94 in the year ago quarter. Adjusted EPS was $0.51 versus $1.04 for the year ago quarter.</p><p>Although it’s tempting to redirect the conversation toward higher-growth segments, the $2.5 billion total miss between two quarters came from gaming and it’s prudent for investors to start here (for now) when analyzing the stock for a potential recovery.</p><p>The company stated the miss was driven by both lower units and lower average sales prices including reduced consumer demand. The company is not commenting on crypto as they state they have no visibility here as to how the GPUs are being used, however, it’s certainly contributing to the bulk of this decline.</p><p>Notably, <a href=\"https://laohu8.com/S/AMD\">AMD</a> reported gaming growth of 32% to $1.7 billion which provides a better picture of reduced gaming demand minus crypto. Nvidia believes some of their weakness is also from preparation for a new product generation that will be announced this month.</p><p>Per the earnings call, there are two ways that Nvidia plans to overcome the crypto mining selloff which could produce a faster rebound than 2018.</p><p>First, Nvidia is restricting supply on its current gaming model. Per the CFO: “Across those two quarters, the Q2 of ‘23, the Q3 of ‘23, we have likely undershipped gaming to our end demand significantly.”</p><p>Following the call, we estimated for our premium members that the amount undershipped is a minimum of $1 billion. The reason behind this is to help keep prices stable and to increase demand for the RTX 40 Series.</p><p>Second, Nvidia announced its GeForce RTX 40 Series at the GTC 2022 Conference this week.</p><p>The new Ada Lovelace architecture which uses 76 billion transistors and a 4nm production process. In the keynote, the CEO stated: “Nvidia engineers worked closely with TSMC to create the 4N process optimized for GPUs. This process let us integrate 76 billion transistors and over 18,000 CUDA cores, 70% more than the Ampere generation.”</p><p>The improvement from 8nm to 4nm means more transistors on the GPU, which results in better performance as the 4nm processes data faster.</p><p>In the gaming world, this much anticipated release is expected to be 2-4X faster than the RTX 3090 Ti. The flagship AD102 GPU model will have 144 individual streaming multiprocessors (SMs) in one die compared to 84 SMs in the Ampere architecture. As stated, the AD102 will also have a 70% increase in CUDA cores over the RTX 3090 Ti.</p><p>In addition to this, Nvidia is releasing a new feature called Shader Execution Reordering (SER) which will improve ray-tracing performance by 3X with 25% faster frame rates. Rather than deliver workloads sequentially, the GPUs are able to reorder the workloads to process more workloads at once which results in more power and better performance.</p><p>Deep learning super sampling (DLSS) refers to using AI to predict the next pixel. The new DLSS 3.0 not only predicts pixels but will also use AI to predict frames. This results in “up to four times” better performance over traditional rendering.</p><p>The first release date for the RTX 4090 models is October 12th with a starting price of $1,599. There is a second release date in November for the RTX 4080 models with prices of $1,199 and $899. Notably, mid-range RTX 40 series will outperform the previous generation’s high end models. This is due to the Ada Lovelace architecture which offers 1,400 Tensor TFLOPs versus 320 Tensor TFLOPs which means the DLSS is superior and the high-end RTX 30 Series cannot compete with the mid range RTX 40 series.</p><p>The popularity of this release will help determine if Nvidia can stage a comeback in the gaming segment. Here is what analysts are saying:</p><blockquote>“Morgan Stanley analyst Joseph Moore said his &#34;biggest takeaway&#34; from the keynote at Nvidia&#39;s GTC conference were the higher prices of gaming GPUs, which increases his conviction about the pace of gaming revenue recovery next year. Prices that are 28% higher than the baseline price from two years ago for the higher volume 4080 should drive material growth in revenue, said Moore, who sees revenues in the gaming segment rebounding from the current quarter run rate of $5.5B or so to $9.5B next year.”</blockquote><blockquote>“Given the channel inventory work downs in the July and October quarters, the products should be &#34;strong demand catalysts&#34; into 2023, Harlan Sur of Chase tells investors in a research note.”</blockquote><h3>Nvidia Continues to Build a GPU Moat with H100</h3><p>In 2018, we stated in our free newsletter that Nvidia had built a moat in the GPU-powered data center. This was a bold statement as the company would go on to have negative year-over-year data center revenue in 2019. Yet, fast-forward and it’s quite clear that Nvidia is unshakeable in this segment, which has surpassed gaming as Nvidia’s most valuable segment.</p><p>I’ve written quite a bit about Nvidia, which you can reference here and also here. However, I will keep it simple by saying the A100 GPU is what led the company’s gains since Q2 2020 (detailed here) and the Hopper H100 GPU is what will lead the company’s gains for the next two years.</p><p>In the most recent quarter, data center revenue of 61% is down from 83% last quarter yet accelerated YoY from 35% growth in the year ago quarter. The earnings call reviewed some of the challenges Nvidia faced in the quarter that led to the 1% sequential growth.</p><p>First, Chinese hyperscalers slowed their infrastructure investment this year yet the slowdown is unlikely to last much longer. Due to being a large market for Nvidia, the data center growth was impacted by this. The reason Nvidia was able to meet expectations is because “North America doubled year-over-year in revenues.” As of now, supplying the Chinese military is restricted for Nvidia, but this does not include supplying the hyperscalers.</p><p>Second, demand continues to outstrip supply yet there are many components to Nvidia’s systems and they are experiencing supply chain issues.</p><blockquote>“We were challenged this quarter with a fair amount of supply chain challenges because as you know, we don’t just sell the GPU chip, but these systems are really complex with a large number of chips in the system components that we offer like HGX […] all of the components that have to come together for us to be able to deliver the final component.”</blockquote><h3>H100 Hopper Coming in October</h3><p>On the earnings call, an analyst asked if the company expects data center growth to re-accelerate when Hopper ships: “<b>Do you think that Hopper, as that comes fully available, it sounds like in fiscal 4Q, that you actually see Data Center growth reaccelerate as that product cycle materializes.”</b></p><p>The CFO Kress stated: “Our Data Center yes, we do expect it to grow. It may grow about what we just saw between Q1 and Q2. We’ll continue to look at it.”</p><p>I believe this means the data center will accelerate above 61% but not to exceed the 83% from Q1. Ultimately, the CFO may not have full visibility into Hopper sales until the units ship and are tested by customers, who in turn, often buy more if the product exceeds expectations.</p><p>On that note, the new 4nm chips are bound to impress. The H100 GPUs and the DGX H100 server pods and super pods offer Nvidia the next leg-up as the company has solved an important bandwidth issue.</p><p>Hopper tackles some of the bigger issues around previous generations like speeding up algorithms by offering dynamic programming on GPUs to break down problems to simpler subproblems. The new GPUs also boost bandwidth by 3X with SHARP in-networking computing and Infiniband Switches, and the H100 can leverage NVLink to connect eight H100s into one giant GPU for 640 billion transistors, 32 petaflops, 640GB of HBM3, and 24 terabytes per second of memory bandwidth.</p><p>The H100 has about 50% more memory and interface bandwidth than the A100. That’s 1.5X more bandwidth with the NVLink connection and PCIe 5.0 doubling the bandwidth of PCIe 4.0. The H100 will ship with support for 80GB of HBM3 memory at 3 TB/s speed</p><p>Where the H100 really stands apart is the leap in performance with about 3X more performance than the A100 and the H100 is up to 6X faster. The A100 lacked support for FP8 compute at default whereas the H100 will leverage a transformer engine to switch between FP8 and FP16, depending on the workload.</p><p>According to Nvidia, theH100 delivers 9Xmore throughput in AI training, and 16X to 30X more inference performance. The company also states in HPC application-specific workloads, the H100 is 7X faster. The goal of the H100 was not only to add more transistors and make the H100 faster, but to also offer function-specific optimizations. This is achieved through the transformer engine.</p><p>Last week,MLPerf publishedartificial intelligence performance tests. The parent company MLCommons provides the industry standard for benchmarking deep learning, AI training, AI inference and HPC. The H100 Tensor Core GPUs delivered 4.5X more performance than the A100 in offline scenarios and 3.9X more in the server scenario compared to its predecessor the A100.</p><p>The Hopper H100 GPUs are infull productionand availability starts next month and will have over 50 server models by the end of the year and “dozens more in the first half of 2023.”</p><h3>Nvidia’s Automotive Opportunity is Massive</h3><p>Nvidia’s lead in automotive across dozens of OEMs requires its own analysis, which we will write for our free newsletter subscribers next year. Hyperion 8 is shipping in 2024 and Hyperion 9 will ship in 2026. However, as long-term Nvidia investors, now is a good opportunity to remind my readers of the long-term vision for yet another large and sweeping revenue segment.</p><p>Although a small segment today of only $220 million, automotive grew 59% sequentially and 45% year-over-year. The company has a $11 billion automotive design win pipeline.</p><p>At GTC this week, Nvidia announced a new superchip named “Thor” which will deliver 2,000 teraflops of performance, up from 200 teraflops from the current generation “Orin.” The chip has a transformer engine which can process video data as a single perception frame and offers 8-bit floating point (FP8) precision to avoid task loss when converting model data from one platform to another platform.</p><h3>More on the Omniverse</h3><p>At GTC this week, Nvidia launched Omniverse Cloud, which is a infrastructure-as-a-service software offering to reduce the complexity around building 3D virtual worlds and assets. This removes the need for local compute power and opens up the ability for more creators to access 3D world creation.</p><h3>Conclusion</h3><p>Nvidia is not the same company that it was four years ago. In 2018, Nvidia was a gaming company with promising AI tailwinds. Today, Nvidia’s AI products serve nearly every enterprise company’s artificial intelligence and machine learning ambitions.</p><p>The company has an impressive launch schedule starting in October for two flagship products – the RTX 40 Series and the H100 GPU. The timing of these releases is no coincidence as it’s a rapid two months following the crypto/gaming revenue miss. Suffice to say, Nvidia’s management team is prepared to rumble -- putting its very best release in gaming and its most powerful AI chip to-date up against the crypto mining selloff. If history is any indication, the turnaround will only be a matter of time.</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>Nvidia Stock Is Ready To Rumble With RTX 40 Series And H100 GPUs</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\">\nNvidia Stock Is Ready To Rumble With RTX 40 Series And H100 GPUs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-29 20:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4543665-nvidia-stock-ready-rumble-rtx-40-series-h100-gpus><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryNvidia has an impressive launch schedule starting in October for two flagship products – the RTX 40 Series and the H100 GPU.We also draw important parallels (pun intended) between the last ...</p>\n\n<a href=\"https://seekingalpha.com/article/4543665-nvidia-stock-ready-rumble-rtx-40-series-h100-gpus\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达"},"source_url":"https://seekingalpha.com/article/4543665-nvidia-stock-ready-rumble-rtx-40-series-h100-gpus","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1110806858","content_text":"SummaryNvidia has an impressive launch schedule starting in October for two flagship products – the RTX 40 Series and the H100 GPU.We also draw important parallels (pun intended) between the last crypto mining selloff and this selloff with key reasons as to why this time the stock's comeback will be quicker.Nvidia’s stock performance in 2018 and 2022 feels eerily similar as the stock sold off 54% in 2018 specifically because of a gaming miss tied to crypto mining.Nvidia had a big week with GTC 2022 and management is clearly ready to rumble against any excess inventory from crypto mining. The negative catalyst from crypto mining and Nvidia's price action is eerily similar to Q4 2018/Q1 2019 -- yet the company is not the same company it was four years ago. This is apparent by Nvidia flexing some major product muscle by timing its best-ever gaming release and its best-ever AI chip to hit the market in October.We draw important parallels (pun intended) between the last crypto mining selloff and this selloff with key reasons as to why this time the stock's comeback will be quicker.Nvidia stock has been in the clutches of a steep drawdown after the company has faced nearly every headwind imaginable: United States-China tensions, supply chain disruptions spanning many components, tough comps on the data center, tough comps on gaming, and a less-than-rosy macro environment.The most impactful headwind, however, was Ethereum’s merge to Proof of Stake (PoS), which ultimately lowers demand for gaming GPUs. This contributed to a $2.5 billion cumulative miss in revenue driven by the gaming segment.Nvidia’s stock performance in 2018 and 2022 feels eerily similar as the stock sold off 54% in 2018 specifically because of a gaming miss tied to crypto mining. Today, Nvidia is currently 57% YTD.It took eighteen months for Nvidia to recover its all-time high from the Q4 2018 selloff (Sept 2018 through Feb 2020). Despite the uncanny similarity that 2018 and 2022 may have, Nvidia is actually a much stronger company today than it was four years ago.Below, we discuss a few key reasons Nvidia stock will recover quicker this time around.Drilling into Parallels Around the Gaming MissDuring the Q3 2018 results released in November 2018, Nvidia gave Q4 2018 revenue guidance of $2.7 billion, below the analysts’ consensus estimate of $3.4 billion. In January 2019, the company again lowered revenue guidance from $2.7 billion to $2.20 billion, which suggests a total revenue miss of $1.2 billion. Gaming revenue in Q3 2018 was $1.76 billion, up 13% YoY and down 2% QoQ. In Q4 2018, gaming revenue was $954 million, down 45% YoY and down 46% QoQ.In the most recent quarter ending July 2022, the company missed on gaming with revenue of $2.04 billion, which is 33% lower than the year ago quarter and 44% lower sequentially. The company is expecting a further decline in gaming sequentially for Q3. According to one analyst on the call, they are modeling for a further 30% sequential decline in gaming and professional visualization offset by low to mid-single digit growth in data center and automotive. The CFO affirmed this understanding is correct.After 2018, although it took Nvidia eighteen months to reclaim its all-time highs, in 2020-2021, Nvidia would go on to stage a remarkable turnaround as the stock led tech mega cap stocks in gains. This was not simply because all tech performed well during those years – if you compare Nvidia to Meta (META), Amazon (AMZN) and Google (GOOG)(GOOGL), you’ll see something unique occurred with Nvidia that caused the stock to outpace its peers. In all cases except Apple (AAPL), Nvidia doubled, tripled or quadrupled the performance of other mega cap stocks.Perhaps most impressive, Nvidia is still in the lead over all mega cap stocks despite a 57% drawdown this year. It’s the company’s past performance that makes it well worth the time to answer: can Nvidia do it again?Nvidia’s GeForce RTX 40 Series is Perfectly TimedNext quarter, Nvidia was expected to report $6.92 billion and the company guided for $5.9 billion. This is down from $7.10 billion in Q3 of last year. This will be a 17% decline in revenue. Due to this, analysts expect Nvidia to end fiscal year 2023 with 0.8% revenue growth, or $27.13 billion in total revenue.It’s not only the top line valuation that is affected by this cut in guidance but it’s the bottom line, as well. In previous quarters, high average sales prices drove $2 billion to $3 billion in operating profits and net profits, whereas in the most recent quarter, the company is reporting $500 million and $656 million, respectively.The GAAP EPS reported was $0.26 compared to $0.94 in the year ago quarter. Adjusted EPS was $0.51 versus $1.04 for the year ago quarter.Although it’s tempting to redirect the conversation toward higher-growth segments, the $2.5 billion total miss between two quarters came from gaming and it’s prudent for investors to start here (for now) when analyzing the stock for a potential recovery.The company stated the miss was driven by both lower units and lower average sales prices including reduced consumer demand. The company is not commenting on crypto as they state they have no visibility here as to how the GPUs are being used, however, it’s certainly contributing to the bulk of this decline.Notably, AMD reported gaming growth of 32% to $1.7 billion which provides a better picture of reduced gaming demand minus crypto. Nvidia believes some of their weakness is also from preparation for a new product generation that will be announced this month.Per the earnings call, there are two ways that Nvidia plans to overcome the crypto mining selloff which could produce a faster rebound than 2018.First, Nvidia is restricting supply on its current gaming model. Per the CFO: “Across those two quarters, the Q2 of ‘23, the Q3 of ‘23, we have likely undershipped gaming to our end demand significantly.”Following the call, we estimated for our premium members that the amount undershipped is a minimum of $1 billion. The reason behind this is to help keep prices stable and to increase demand for the RTX 40 Series.Second, Nvidia announced its GeForce RTX 40 Series at the GTC 2022 Conference this week.The new Ada Lovelace architecture which uses 76 billion transistors and a 4nm production process. In the keynote, the CEO stated: “Nvidia engineers worked closely with TSMC to create the 4N process optimized for GPUs. This process let us integrate 76 billion transistors and over 18,000 CUDA cores, 70% more than the Ampere generation.”The improvement from 8nm to 4nm means more transistors on the GPU, which results in better performance as the 4nm processes data faster.In the gaming world, this much anticipated release is expected to be 2-4X faster than the RTX 3090 Ti. The flagship AD102 GPU model will have 144 individual streaming multiprocessors (SMs) in one die compared to 84 SMs in the Ampere architecture. As stated, the AD102 will also have a 70% increase in CUDA cores over the RTX 3090 Ti.In addition to this, Nvidia is releasing a new feature called Shader Execution Reordering (SER) which will improve ray-tracing performance by 3X with 25% faster frame rates. Rather than deliver workloads sequentially, the GPUs are able to reorder the workloads to process more workloads at once which results in more power and better performance.Deep learning super sampling (DLSS) refers to using AI to predict the next pixel. The new DLSS 3.0 not only predicts pixels but will also use AI to predict frames. This results in “up to four times” better performance over traditional rendering.The first release date for the RTX 4090 models is October 12th with a starting price of $1,599. There is a second release date in November for the RTX 4080 models with prices of $1,199 and $899. Notably, mid-range RTX 40 series will outperform the previous generation’s high end models. This is due to the Ada Lovelace architecture which offers 1,400 Tensor TFLOPs versus 320 Tensor TFLOPs which means the DLSS is superior and the high-end RTX 30 Series cannot compete with the mid range RTX 40 series.The popularity of this release will help determine if Nvidia can stage a comeback in the gaming segment. Here is what analysts are saying:“Morgan Stanley analyst Joseph Moore said his \"biggest takeaway\" from the keynote at Nvidia's GTC conference were the higher prices of gaming GPUs, which increases his conviction about the pace of gaming revenue recovery next year. Prices that are 28% higher than the baseline price from two years ago for the higher volume 4080 should drive material growth in revenue, said Moore, who sees revenues in the gaming segment rebounding from the current quarter run rate of $5.5B or so to $9.5B next year.”“Given the channel inventory work downs in the July and October quarters, the products should be \"strong demand catalysts\" into 2023, Harlan Sur of Chase tells investors in a research note.”Nvidia Continues to Build a GPU Moat with H100In 2018, we stated in our free newsletter that Nvidia had built a moat in the GPU-powered data center. This was a bold statement as the company would go on to have negative year-over-year data center revenue in 2019. Yet, fast-forward and it’s quite clear that Nvidia is unshakeable in this segment, which has surpassed gaming as Nvidia’s most valuable segment.I’ve written quite a bit about Nvidia, which you can reference here and also here. However, I will keep it simple by saying the A100 GPU is what led the company’s gains since Q2 2020 (detailed here) and the Hopper H100 GPU is what will lead the company’s gains for the next two years.In the most recent quarter, data center revenue of 61% is down from 83% last quarter yet accelerated YoY from 35% growth in the year ago quarter. The earnings call reviewed some of the challenges Nvidia faced in the quarter that led to the 1% sequential growth.First, Chinese hyperscalers slowed their infrastructure investment this year yet the slowdown is unlikely to last much longer. Due to being a large market for Nvidia, the data center growth was impacted by this. The reason Nvidia was able to meet expectations is because “North America doubled year-over-year in revenues.” As of now, supplying the Chinese military is restricted for Nvidia, but this does not include supplying the hyperscalers.Second, demand continues to outstrip supply yet there are many components to Nvidia’s systems and they are experiencing supply chain issues.“We were challenged this quarter with a fair amount of supply chain challenges because as you know, we don’t just sell the GPU chip, but these systems are really complex with a large number of chips in the system components that we offer like HGX […] all of the components that have to come together for us to be able to deliver the final component.”H100 Hopper Coming in OctoberOn the earnings call, an analyst asked if the company expects data center growth to re-accelerate when Hopper ships: “Do you think that Hopper, as that comes fully available, it sounds like in fiscal 4Q, that you actually see Data Center growth reaccelerate as that product cycle materializes.”The CFO Kress stated: “Our Data Center yes, we do expect it to grow. It may grow about what we just saw between Q1 and Q2. We’ll continue to look at it.”I believe this means the data center will accelerate above 61% but not to exceed the 83% from Q1. Ultimately, the CFO may not have full visibility into Hopper sales until the units ship and are tested by customers, who in turn, often buy more if the product exceeds expectations.On that note, the new 4nm chips are bound to impress. The H100 GPUs and the DGX H100 server pods and super pods offer Nvidia the next leg-up as the company has solved an important bandwidth issue.Hopper tackles some of the bigger issues around previous generations like speeding up algorithms by offering dynamic programming on GPUs to break down problems to simpler subproblems. The new GPUs also boost bandwidth by 3X with SHARP in-networking computing and Infiniband Switches, and the H100 can leverage NVLink to connect eight H100s into one giant GPU for 640 billion transistors, 32 petaflops, 640GB of HBM3, and 24 terabytes per second of memory bandwidth.The H100 has about 50% more memory and interface bandwidth than the A100. That’s 1.5X more bandwidth with the NVLink connection and PCIe 5.0 doubling the bandwidth of PCIe 4.0. The H100 will ship with support for 80GB of HBM3 memory at 3 TB/s speedWhere the H100 really stands apart is the leap in performance with about 3X more performance than the A100 and the H100 is up to 6X faster. The A100 lacked support for FP8 compute at default whereas the H100 will leverage a transformer engine to switch between FP8 and FP16, depending on the workload.According to Nvidia, theH100 delivers 9Xmore throughput in AI training, and 16X to 30X more inference performance. The company also states in HPC application-specific workloads, the H100 is 7X faster. The goal of the H100 was not only to add more transistors and make the H100 faster, but to also offer function-specific optimizations. This is achieved through the transformer engine.Last week,MLPerf publishedartificial intelligence performance tests. The parent company MLCommons provides the industry standard for benchmarking deep learning, AI training, AI inference and HPC. The H100 Tensor Core GPUs delivered 4.5X more performance than the A100 in offline scenarios and 3.9X more in the server scenario compared to its predecessor the A100.The Hopper H100 GPUs are infull productionand availability starts next month and will have over 50 server models by the end of the year and “dozens more in the first half of 2023.”Nvidia’s Automotive Opportunity is MassiveNvidia’s lead in automotive across dozens of OEMs requires its own analysis, which we will write for our free newsletter subscribers next year. Hyperion 8 is shipping in 2024 and Hyperion 9 will ship in 2026. However, as long-term Nvidia investors, now is a good opportunity to remind my readers of the long-term vision for yet another large and sweeping revenue segment.Although a small segment today of only $220 million, automotive grew 59% sequentially and 45% year-over-year. The company has a $11 billion automotive design win pipeline.At GTC this week, Nvidia announced a new superchip named “Thor” which will deliver 2,000 teraflops of performance, up from 200 teraflops from the current generation “Orin.” The chip has a transformer engine which can process video data as a single perception frame and offers 8-bit floating point (FP8) precision to avoid task loss when converting model data from one platform to another platform.More on the OmniverseAt GTC this week, Nvidia launched Omniverse Cloud, which is a infrastructure-as-a-service software offering to reduce the complexity around building 3D virtual worlds and assets. This removes the need for local compute power and opens up the ability for more creators to access 3D world creation.ConclusionNvidia is not the same company that it was four years ago. In 2018, Nvidia was a gaming company with promising AI tailwinds. Today, Nvidia’s AI products serve nearly every enterprise company’s artificial intelligence and machine learning ambitions.The company has an impressive launch schedule starting in October for two flagship products – the RTX 40 Series and the H100 GPU. The timing of these releases is no coincidence as it’s a rapid two months following the crypto/gaming revenue miss. Suffice to say, Nvidia’s management team is prepared to rumble -- putting its very best release in gaming and its most powerful AI chip to-date up against the crypto mining selloff. If history is any indication, the turnaround will only be a matter of time.","news_type":1},"isVote":1,"tweetType":1,"viewCount":192,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9914655369,"gmtCreate":1665278561751,"gmtModify":1676537580518,"author":{"id":"4111809398482662","authorId":"4111809398482662","name":"Great Joy","avatar":"https://community-static.tradeup.com/news/60d4182388f8b85c577b0310c872c28d","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4111809398482662","authorIdStr":"4111809398482662"},"themes":[],"htmlText":"Thanks&nbsp;","listText":"Thanks&nbsp;","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9914655369","repostId":"2273343388","repostType":4,"isVote":1,"tweetType":1,"viewCount":73,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9916681631,"gmtCreate":1664586403323,"gmtModify":1676537480315,"author":{"id":"4111809398482662","authorId":"4111809398482662","name":"Great Joy","avatar":"https://community-static.tradeup.com/news/60d4182388f8b85c577b0310c872c28d","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4111809398482662","authorIdStr":"4111809398482662"},"themes":[],"htmlText":"Thanks&nbsp;","listText":"Thanks&nbsp;","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9916681631","repostId":"2272080774","repostType":4,"repost":{"id":"2272080774","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":1664579994,"share":"https://ttm.financial/m/news/2272080774?lang=&edition=fundamental","pubTime":"2022-10-01 07:19","market":"us","language":"en","title":"US STOCKS-Wall St Posts Third Straight Quarterly Loss As Inflation Weighs, Recession Looms","url":"https://stock-news.laohu8.com/highlight/detail?id=2272080774","media":"Reuters","summary":"The S&P 500 closed the books on its steepest September decline in two decades on Friday, skidding ac","content":"<html><head></head><body><p>The S&amp;P 500 closed the books on its steepest September decline in two decades on Friday, skidding across the finish line of a tumultuous quarter fraught with historically hot inflation, rising interest rates and recession fears.</p><p>All three major indexes veered to a sharply lower end, having quashed a brief rally early in the session.</p><p>The S&amp;P and the Dow notched their third consecutive weekly declines, and all three indexes posted their second straight monthly losses.</p><p>In the first nine months of 2022, Wall Street suffered three quarterly declines in a row, the longest losing streak for the S&amp;P and the Nasdaq since 2008 and the Dow&#39;s longest quarterly slump in seven years.</p><p>&#34;It&#39;s another ugly day to end an ugly quarter in what’s looking like a very ugly year,&#34; said Ryan Detrick, chief market strategist at Carson Group in Omaha, Nebraska. &#34;Investors will look back and realize this was the year the Fed pulled a total 180 on their views on inflation and quickly turned incredibly hawkish.&#34;</p><p>The Federal Reserve has rattled markets by engaging in its most relentless series of interest rate hikes in decades in order to rein in stubbornly high inflation, which has many market participants eyeing key economic data for signs of a looming recession.</p><p>&#34;The realization that the Fed is doing anything they can to combat 40-year-high inflation has investors worried they will push the economy over the edge and into recession,&#34; Detrick added.</p><p>The Commerce Department&#39;s personal consumption expenditures (PCE) report did little to assuage those fears, showing that while consumers continue to spend, the prices they are paying have accelerated, drifting further beyond the Fed&#39;s inflation target and all but ensuring the central bank&#39;s hawkish monetary policy will continue longer than investors had hoped.</p><p>Recession fears also echoed through dire warnings from Nike Inc and cruise operator Carnival Corp, both citing inflation-related margin pressures.</p><p>Shares of the companies tanked by 12.8% and 23.3%, respectively.</p><p>The Dow Jones Industrial Average fell 500.1 points, or 1.71%, to 28,725.51; the S&amp;P 500    lost 54.85 points, or 1.51%, to 3,585.62; and the Nasdaq Composite dropped 161.89 points, or 1.51%, to 10,575.62.</p><p>Among the 11 major sectors of the S&amp;P 500, real estate was the sole gainer, while utilities tech suffered the largest percentage losses.</p><p>Apple Inc, Microsoft Corp, Amazon.com and Nike weighed heaviest.</p><p>Corporate earnings reports for the quarter that ends with Friday&#39;s closing bell will begin landing in a few weeks, and analyst expectations are trending downward.</p><p>Analysts now see annual S&amp;P 500 earnings growth of 4.5%, on aggregate, down from the 11.1% estimate when the quarter began.</p><p>Quarter-end fund reallocations and so-called &#34;window dressing&#34; is likely contributed to the session&#39;s volatility.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 1.45-to-1 ratio; on Nasdaq, a 1.38-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted no new 52-week highs and 93 new lows; the Nasdaq Composite recorded 27 new highs and 380 new lows.</p><p>Volume on U.S. exchanges was 12.44 billion shares, compared with the 11.45 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 St Posts Third Straight Quarterly Loss As Inflation Weighs, Recession Looms</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; 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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 St Posts Third Straight Quarterly Loss As Inflation Weighs, Recession Looms\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\">2022-10-01 07:19</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>The S&amp;P 500 closed the books on its steepest September decline in two decades on Friday, skidding across the finish line of a tumultuous quarter fraught with historically hot inflation, rising interest rates and recession fears.</p><p>All three major indexes veered to a sharply lower end, having quashed a brief rally early in the session.</p><p>The S&amp;P and the Dow notched their third consecutive weekly declines, and all three indexes posted their second straight monthly losses.</p><p>In the first nine months of 2022, Wall Street suffered three quarterly declines in a row, the longest losing streak for the S&amp;P and the Nasdaq since 2008 and the Dow&#39;s longest quarterly slump in seven years.</p><p>&#34;It&#39;s another ugly day to end an ugly quarter in what’s looking like a very ugly year,&#34; said Ryan Detrick, chief market strategist at Carson Group in Omaha, Nebraska. &#34;Investors will look back and realize this was the year the Fed pulled a total 180 on their views on inflation and quickly turned incredibly hawkish.&#34;</p><p>The Federal Reserve has rattled markets by engaging in its most relentless series of interest rate hikes in decades in order to rein in stubbornly high inflation, which has many market participants eyeing key economic data for signs of a looming recession.</p><p>&#34;The realization that the Fed is doing anything they can to combat 40-year-high inflation has investors worried they will push the economy over the edge and into recession,&#34; Detrick added.</p><p>The Commerce Department&#39;s personal consumption expenditures (PCE) report did little to assuage those fears, showing that while consumers continue to spend, the prices they are paying have accelerated, drifting further beyond the Fed&#39;s inflation target and all but ensuring the central bank&#39;s hawkish monetary policy will continue longer than investors had hoped.</p><p>Recession fears also echoed through dire warnings from Nike Inc and cruise operator Carnival Corp, both citing inflation-related margin pressures.</p><p>Shares of the companies tanked by 12.8% and 23.3%, respectively.</p><p>The Dow Jones Industrial Average fell 500.1 points, or 1.71%, to 28,725.51; the S&amp;P 500    lost 54.85 points, or 1.51%, to 3,585.62; and the Nasdaq Composite dropped 161.89 points, or 1.51%, to 10,575.62.</p><p>Among the 11 major sectors of the S&amp;P 500, real estate was the sole gainer, while utilities tech suffered the largest percentage losses.</p><p>Apple Inc, Microsoft Corp, Amazon.com and Nike weighed heaviest.</p><p>Corporate earnings reports for the quarter that ends with Friday&#39;s closing bell will begin landing in a few weeks, and analyst expectations are trending downward.</p><p>Analysts now see annual S&amp;P 500 earnings growth of 4.5%, on aggregate, down from the 11.1% estimate when the quarter began.</p><p>Quarter-end fund reallocations and so-called &#34;window dressing&#34; is likely contributed to the session&#39;s volatility.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 1.45-to-1 ratio; on Nasdaq, a 1.38-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted no new 52-week highs and 93 new lows; the Nasdaq Composite recorded 27 new highs and 380 new lows.</p><p>Volume on U.S. exchanges was 12.44 billion shares, compared with the 11.45 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":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2272080774","content_text":"The S&P 500 closed the books on its steepest September decline in two decades on Friday, skidding across the finish line of a tumultuous quarter fraught with historically hot inflation, rising interest rates and recession fears.All three major indexes veered to a sharply lower end, having quashed a brief rally early in the session.The S&P and the Dow notched their third consecutive weekly declines, and all three indexes posted their second straight monthly losses.In the first nine months of 2022, Wall Street suffered three quarterly declines in a row, the longest losing streak for the S&P and the Nasdaq since 2008 and the Dow's longest quarterly slump in seven years.\"It's another ugly day to end an ugly quarter in what’s looking like a very ugly year,\" said Ryan Detrick, chief market strategist at Carson Group in Omaha, Nebraska. \"Investors will look back and realize this was the year the Fed pulled a total 180 on their views on inflation and quickly turned incredibly hawkish.\"The Federal Reserve has rattled markets by engaging in its most relentless series of interest rate hikes in decades in order to rein in stubbornly high inflation, which has many market participants eyeing key economic data for signs of a looming recession.\"The realization that the Fed is doing anything they can to combat 40-year-high inflation has investors worried they will push the economy over the edge and into recession,\" Detrick added.The Commerce Department's personal consumption expenditures (PCE) report did little to assuage those fears, showing that while consumers continue to spend, the prices they are paying have accelerated, drifting further beyond the Fed's inflation target and all but ensuring the central bank's hawkish monetary policy will continue longer than investors had hoped.Recession fears also echoed through dire warnings from Nike Inc and cruise operator Carnival Corp, both citing inflation-related margin pressures.Shares of the companies tanked by 12.8% and 23.3%, respectively.The Dow Jones Industrial Average fell 500.1 points, or 1.71%, to 28,725.51; the S&P 500    lost 54.85 points, or 1.51%, to 3,585.62; and the Nasdaq Composite dropped 161.89 points, or 1.51%, to 10,575.62.Among the 11 major sectors of the S&P 500, real estate was the sole gainer, while utilities tech suffered the largest percentage losses.Apple Inc, Microsoft Corp, Amazon.com and Nike weighed heaviest.Corporate earnings reports for the quarter that ends with Friday's closing bell will begin landing in a few weeks, and analyst expectations are trending downward.Analysts now see annual S&P 500 earnings growth of 4.5%, on aggregate, down from the 11.1% estimate when the quarter began.Quarter-end fund reallocations and so-called \"window dressing\" is likely contributed to the session's volatility.Declining issues outnumbered advancing ones on the NYSE by a 1.45-to-1 ratio; on Nasdaq, a 1.38-to-1 ratio favored decliners.The S&P 500 posted no new 52-week highs and 93 new lows; the Nasdaq Composite recorded 27 new highs and 380 new lows.Volume on U.S. exchanges was 12.44 billion shares, compared with the 11.45 billion average over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":76,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9915673763,"gmtCreate":1665030191953,"gmtModify":1676537547212,"author":{"id":"4111809398482662","authorId":"4111809398482662","name":"Great Joy","avatar":"https://community-static.tradeup.com/news/60d4182388f8b85c577b0310c872c28d","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4111809398482662","authorIdStr":"4111809398482662"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/09868\">$XPENG-W(09868)$</a>[Cry]&nbsp;","listText":"<a href=\"https://ttm.financial/S/09868\">$XPENG-W(09868)$</a>[Cry]&nbsp;","text":"$XPENG-W(09868)$[Cry]","images":[{"img":"https://community-static.tradeup.com/news/2874e27b354335ca1cae610e34ff210e","width":"1080","height":"2455"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9915673763","isVote":1,"tweetType":1,"viewCount":378,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9910928854,"gmtCreate":1663549224679,"gmtModify":1676537287437,"author":{"id":"4111809398482662","authorId":"4111809398482662","name":"Great Joy","avatar":"https://community-static.tradeup.com/news/60d4182388f8b85c577b0310c872c28d","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4111809398482662","authorIdStr":"4111809398482662"},"themes":[],"htmlText":"Thanks&nbsp;","listText":"Thanks&nbsp;","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9910928854","repostId":"1177047620","repostType":4,"repost":{"id":"1177047620","pubTimestamp":1663570508,"share":"https://ttm.financial/m/news/1177047620?lang=&edition=fundamental","pubTime":"2022-09-19 14:55","market":"us","language":"en","title":"The S&P 500: There Will Be Blood","url":"https://stock-news.laohu8.com/highlight/detail?id=1177047620","media":"Seeking Alpha","summary":"SummaryThe S&P 500 and stocks, in general, are dropping again.Despite an optimistic run in the summe","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>The S&amp;P 500 and stocks, in general, are dropping again.</li><li>Despite an optimistic run in the summer, the reality is setting in once again.</li><li>Inflation is more persistent than expected, and the Fed likely has to do much more tightening.</li><li>Many stocks are still expensive, and valuations remain relatively high.</li><li>The ultimate bottom for the S&amp;P 500 may come at 3,000 or lower. I am hedging and buying high-quality stocks on big dips.</li></ul><p>The S&amp;P 500/SPX (SP500) hit a low of around 3,640 in mid-June, roughly a 25% drop from the top. Then, we saw a significant counter-trend rally into mid-August. However, despite the late summer stock market optimism, it&#39;s doubtful that the bear market is over. Recent inflation numbers illustrate that the economic climate remains highly challenging, and the Fed needs to do more. Unfortunately, interest rates are moving higher, and stocks will probably continue dropping.</p><p>Moreover, we haven&#39;t seen many of the hallmark signs of a long-term bottom. There should be more blood in the streets, and the ultimate bear market bottom could arrive at around 3,000 in the S&amp;P 500 in a base case outcome. I&#39;m capitalizing on the volatility by hedging and buying high-quality stocks on big dips.</p><p>The Technical Image - Very Bearish Now</p><p><b>SPX 1-Year Chart</b></p><p><img src=\"https://static.tigerbbs.com/86a0e3641f8acc8cb2a23a7d95ff08fd\" tg-width=\"640\" tg-height=\"676\" referrerpolicy=\"no-referrer\"/></p><p>SPX(StockCharts.com )</p><p>The S&amp;P 500&#39;s bear market began right around the start of 2022. Since the bearish trend began, we&#39;ve seen a series of lower highs and lower lows. The most recent high occurred in mid-August when I put out a near-term top alert. Now, things are becoming more bearish. After the recent high, the market attempted to rebound but got smacked down by Jerome Powell&#39;s Jackson Hole remarks. More recently, the market tried to muster another rally, but the higher-than-anticipated inflation numbers brought a quick end to that attempt.</p><p>Now, we&#39;re looking at an increasingly bearish technical image as the SPX is putting in a pessimistic head and shoulders pattern and is on the verge of busting through critical 3,900 support. Once below this level, the S&amp;P 500 should at least retest the prior low around 3,700-3,600. However, a likelier scenario is that the S&amp;P will make a lower low, dropping the SPX down into the 3,400-3,000 range next.</p><h2>What Do Jackson Hole And Inflation Have In Common?</h2><p>At Jackson Hole, we learned just how intent the Fed is on battling inflation and how bearish this phenomenon is for the stock market. I wrote about the Fed&#39;s bearish symposium several weeks ago. The key takeaway from Chair Powell&#39;s speech is that inflation is much more persistent and challenging to deal with than previously expected. The Fed must do much more to lower inflation. The dynamic of high-interest rates, slower growth, and a worsening labor market will bring substantial pain to households and businesses.</p><p>Now, Let&#39;s Look At Inflation</p><p><b>CPI Inflation</b></p><p><img src=\"https://static.tigerbbs.com/6e415ae81767865727859c61ace2822d\" tg-width=\"640\" tg-height=\"313\" referrerpolicy=\"no-referrer\"/></p><p>CPI inflation(TradingEconomics.com )</p><p>While inflation has decreased from the 9.1% reading, it remains remarkably high. Inflation is running hotter than we&#39;ve seen in about 40 years now. The primary issue is that the Fed has been raising interest rates and implementing other tightening measures like QT, but we&#39;re seeing a minimal effect on inflation. Therefore, the Fed needs to do more. However, more tightening will further constrict economic growth and decrease consumer confidence. Additionally, higher inflation, lower growth, and worsening spending negatively impact corporate profits and should lead to more pain as we advance.</p><h2>Don&#39;t Fight The Fed</h2><p>Wise people have told me, &#34;you don&#39;t fight the Fed.&#34; You don&#39;t want to fight the Fed when the central bank is easing. We saw ultra-loose monetary policy since the 2008 financial crisis, and stocks did great for much of that time. However, we are in a completely different economic environment now. As the Fed pulls liquidity out of markets, the cost of borrowing increases, growth slows, sentiment worsens, and risk assets deflate. Furthermore, we&#39;ve underestimated the severity of the inflation problem and the Fed&#39;s commitment to making it &#34;go away.&#34;</p><p><b>Rate Probabilities</b></p><p><img src=\"https://static.tigerbbs.com/50e5b344a6418c8597ba3e52b0570b80\" tg-width=\"640\" tg-height=\"496\" referrerpolicy=\"no-referrer\"/></p><p>Fed Watch(CMEGroup.com )</p><p>Just one month ago, the market expected a 50 basis point hike at the upcoming Fed meeting. There is about a 25% probability that we may see a 100 basis point move. Whether we see a 75 basis point hike or a full 1% increase next week is not that relevant. The fact is that the Fed is intent on increasing interest rates until inflation is under control. Unfortunately, the benchmark will be above 3% after next week&#39;s meeting. With rates at such elevated levels, economic growth will weaken further, and there is no telling when the inflation problem may end.</p><h2>Uncertainty Ahead For Stocks</h2><p>There is increased uncertainty surrounding inflation, growth, Fed tightening, the consumer, recession, corporate earnings, and much more. Typically, I would say that the stock market will climb the wall of worry, but this wall of worry may be too high to climb.</p><p>One of the most troubling factors is that we don&#39;t know how deep the downturn will cut into corporate results. We already see declining revenues, worsening margins, and fewer profits at major corporations. However, these declines could continue, and future downward earnings revisions could persist. Additionally, valuations remain relatively high, and this dynamic could mean lower stock prices before this bear market gets sorted out.</p><h2>The Valuation Dynamic</h2><p><b>The Shiller P/E Ratio</b></p><p><img src=\"https://static.tigerbbs.com/32d6272d7dbe21608d8468cf653f5ad0\" tg-width=\"640\" tg-height=\"301\" referrerpolicy=\"no-referrer\"/></p><p>Shiller P/E ratio(multpl.com)</p><p>We see the Shiller P/E coming down lately, but the drop has just begun. We can see that once the Shiller P/E drops, it rarely stops until a relatively low has been achieved. We should see the CAPE P/E ratio decline as the economy weakens, earnings decrease, and valuations come down. A reasonably conservative target could be a Shiller P/E ratio of approximately 20. While the historical mean is only 17, the market has become accustomed to higher P/E ratio valuations in recent years. Therefore, we may see increased buy interest around the 20 level, if the SPX doesn&#39;t overshoot to the downside. A decline to a 20 Shiller P/E ratio would equate to an approximately 28% drop from current levels, roughly coinciding with the 2,800 level in the S&amp;P 500. Therefore, my ultimate bottom in the S&amp;P 500 target remains at 3,000. However, the market may overshoot lower into the 2,800-2,400 range in a bearish case outcome.</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 S&P 500: There Will Be Blood</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe S&P 500: There Will Be Blood\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-19 14:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4541687-sp-500-there-will-be-blood><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryThe S&P 500 and stocks, in general, are dropping again.Despite an optimistic run in the summer, the reality is setting in once again.Inflation is more persistent than expected, and the Fed ...</p>\n\n<a href=\"https://seekingalpha.com/article/4541687-sp-500-there-will-be-blood\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","SPY":"标普500ETF"},"source_url":"https://seekingalpha.com/article/4541687-sp-500-there-will-be-blood","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177047620","content_text":"SummaryThe S&P 500 and stocks, in general, are dropping again.Despite an optimistic run in the summer, the reality is setting in once again.Inflation is more persistent than expected, and the Fed likely has to do much more tightening.Many stocks are still expensive, and valuations remain relatively high.The ultimate bottom for the S&P 500 may come at 3,000 or lower. I am hedging and buying high-quality stocks on big dips.The S&P 500/SPX (SP500) hit a low of around 3,640 in mid-June, roughly a 25% drop from the top. Then, we saw a significant counter-trend rally into mid-August. However, despite the late summer stock market optimism, it's doubtful that the bear market is over. Recent inflation numbers illustrate that the economic climate remains highly challenging, and the Fed needs to do more. Unfortunately, interest rates are moving higher, and stocks will probably continue dropping.Moreover, we haven't seen many of the hallmark signs of a long-term bottom. There should be more blood in the streets, and the ultimate bear market bottom could arrive at around 3,000 in the S&P 500 in a base case outcome. I'm capitalizing on the volatility by hedging and buying high-quality stocks on big dips.The Technical Image - Very Bearish NowSPX 1-Year ChartSPX(StockCharts.com )The S&P 500's bear market began right around the start of 2022. Since the bearish trend began, we've seen a series of lower highs and lower lows. The most recent high occurred in mid-August when I put out a near-term top alert. Now, things are becoming more bearish. After the recent high, the market attempted to rebound but got smacked down by Jerome Powell's Jackson Hole remarks. More recently, the market tried to muster another rally, but the higher-than-anticipated inflation numbers brought a quick end to that attempt.Now, we're looking at an increasingly bearish technical image as the SPX is putting in a pessimistic head and shoulders pattern and is on the verge of busting through critical 3,900 support. Once below this level, the S&P 500 should at least retest the prior low around 3,700-3,600. However, a likelier scenario is that the S&P will make a lower low, dropping the SPX down into the 3,400-3,000 range next.What Do Jackson Hole And Inflation Have In Common?At Jackson Hole, we learned just how intent the Fed is on battling inflation and how bearish this phenomenon is for the stock market. I wrote about the Fed's bearish symposium several weeks ago. The key takeaway from Chair Powell's speech is that inflation is much more persistent and challenging to deal with than previously expected. The Fed must do much more to lower inflation. The dynamic of high-interest rates, slower growth, and a worsening labor market will bring substantial pain to households and businesses.Now, Let's Look At InflationCPI InflationCPI inflation(TradingEconomics.com )While inflation has decreased from the 9.1% reading, it remains remarkably high. Inflation is running hotter than we've seen in about 40 years now. The primary issue is that the Fed has been raising interest rates and implementing other tightening measures like QT, but we're seeing a minimal effect on inflation. Therefore, the Fed needs to do more. However, more tightening will further constrict economic growth and decrease consumer confidence. Additionally, higher inflation, lower growth, and worsening spending negatively impact corporate profits and should lead to more pain as we advance.Don't Fight The FedWise people have told me, \"you don't fight the Fed.\" You don't want to fight the Fed when the central bank is easing. We saw ultra-loose monetary policy since the 2008 financial crisis, and stocks did great for much of that time. However, we are in a completely different economic environment now. As the Fed pulls liquidity out of markets, the cost of borrowing increases, growth slows, sentiment worsens, and risk assets deflate. Furthermore, we've underestimated the severity of the inflation problem and the Fed's commitment to making it \"go away.\"Rate ProbabilitiesFed Watch(CMEGroup.com )Just one month ago, the market expected a 50 basis point hike at the upcoming Fed meeting. There is about a 25% probability that we may see a 100 basis point move. Whether we see a 75 basis point hike or a full 1% increase next week is not that relevant. The fact is that the Fed is intent on increasing interest rates until inflation is under control. Unfortunately, the benchmark will be above 3% after next week's meeting. With rates at such elevated levels, economic growth will weaken further, and there is no telling when the inflation problem may end.Uncertainty Ahead For StocksThere is increased uncertainty surrounding inflation, growth, Fed tightening, the consumer, recession, corporate earnings, and much more. Typically, I would say that the stock market will climb the wall of worry, but this wall of worry may be too high to climb.One of the most troubling factors is that we don't know how deep the downturn will cut into corporate results. We already see declining revenues, worsening margins, and fewer profits at major corporations. However, these declines could continue, and future downward earnings revisions could persist. Additionally, valuations remain relatively high, and this dynamic could mean lower stock prices before this bear market gets sorted out.The Valuation DynamicThe Shiller P/E RatioShiller P/E ratio(multpl.com)We see the Shiller P/E coming down lately, but the drop has just begun. We can see that once the Shiller P/E drops, it rarely stops until a relatively low has been achieved. We should see the CAPE P/E ratio decline as the economy weakens, earnings decrease, and valuations come down. A reasonably conservative target could be a Shiller P/E ratio of approximately 20. While the historical mean is only 17, the market has become accustomed to higher P/E ratio valuations in recent years. Therefore, we may see increased buy interest around the 20 level, if the SPX doesn't overshoot to the downside. A decline to a 20 Shiller P/E ratio would equate to an approximately 28% drop from current levels, roughly coinciding with the 2,800 level in the S&P 500. Therefore, my ultimate bottom in the S&P 500 target remains at 3,000. However, the market may overshoot lower into the 2,800-2,400 range in a bearish case outcome.","news_type":1},"isVote":1,"tweetType":1,"viewCount":84,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9947494533,"gmtCreate":1683424400323,"gmtModify":1683424403766,"author":{"id":"4111809398482662","authorId":"4111809398482662","name":"Great Joy","avatar":"https://community-static.tradeup.com/news/60d4182388f8b85c577b0310c872c28d","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4111809398482662","authorIdStr":"4111809398482662"},"themes":[],"htmlText":"Thank you&nbsp;","listText":"Thank you&nbsp;","text":"Thank you","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9947494533","repostId":"1128633960","repostType":2,"repost":{"id":"1128633960","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":1,"media_name":"Dow Jones","id":"1012688067","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1683417035,"share":"https://ttm.financial/m/news/1128633960?lang=&edition=fundamental","pubTime":"2023-05-07 07:50","market":"us","language":"en","title":"A Full Recap of Everything Warren Buffett and Charlie Munger Said at Berkshire’s Annual Meeting","url":"https://stock-news.laohu8.com/highlight/detail?id=1128633960","media":"Dow Jones","summary":"The Q&A session at Berkshire Hathaway’s 2023 annual shareholders’ meeting ended early on Saturday, a","content":"<html><head></head><body><p>The Q&amp;A session at Berkshire Hathaway’s 2023 annual shareholders’ meeting ended early on Saturday, after back-to-back three-hour sessions of questioning for the conglomerate’s management.</p><p>CEO Warren Buffett and vice chairmen Charlie Munger, Ajit Jain, and Greg Abel addressed queries from shareholders about Berkshire’s business performance, their thoughts on macroeconomic issues and the recent banking turmoil</p><p>Buffett, 92, and Munger, 99, sprinkled in genial anecdotes and grandfatherly advice for Berkshire’s younger shareholders. Attendance was high at this year’s so-called “Woodstock for Capitalists,” after a relatively muted 2022 confab following two year of virtual meetings during the Covid-19 pandemic.</p><p>Berkshire’s first-quarter results were released earlier on Saturday morning, showing a 12.6% rise in operating profit, to $8.1 billion, and a faster pace of buybacks compared with the fourth quarter of 2022.</p><h3>Berkshire Won’t Be Investing In Automakers, Buffett Says</h3><p>Berkshire Hathaway (ticker: BRK.A, BRK.B) isn’t likely to invest in shares of automakers like General Motors (GM) or Ford Motor (F), CEO Warren Buffett said at the company’s annual shareholders’ meeting on Saturday.</p><p>“Charlie [Munger] and I have long felt that the auto business is just too tough,” Buffett said, adding an anecdote about Henry Ford’s challenges in the industry in the early 1900s.</p><p>Buffett said that there are too many global competitors for the automaking business to generate attractive returns. It’s also in the midst of a transition to electric vehicles, which imposes huge capital costs and risks in the near term before it becomes clear which companies will be successful and which won’t.</p><p>Berkshire prefers the auto dealership business, where it owns 78 dealerships across the U.S. Those generate more than $8 billion in annual revenue, making Berkshire among the largest dealership groups in the U.S.</p><h3>Buffett Says Berkshire Remains On the Hunt for an ‘Elephant-Sized’ Acquisition</h3><p>Berkshire Hathaway (ticker: BRK.A, BRK.B) has nearly $130 billion in cash and Treasury bills on its balance sheet. There’s ongoing speculation about what the company might do with all that dry powder.</p><p>At Berkshire’s annual shareholders’ meeting on Saturday, CEO Warren Buffett said that he would rather do a deal for a large company than sit on the cash, earning interest, but that it all depends on the prices available. Things are generally expensive these days.</p><p>“If we could buy a company for $15 billion, $75 billion, $100 billion, we could do it,” Buffett said. He noted that it’s more complex to buy a publicly traded company due to the longer timeline, shareholder vote, and other rules. But there just aren’t that many private companies of that scale available.</p><p>Buffett spoke about opportunities that emerged during the global financial crisis in 2008, including deals to buy shares in several troubled banks at attractive prices, and said that he expects Berkshire to get similar calls in the future.</p><p>“There’s no one else quite like us who can [do a deal] under the right circumstances,” Buffett said.</p><p>In the meantime, Berkshire is earning close to 5% on its T-bills. It has also been buying stock in recent years.</p><h3>Cash Is Not Trash, Buffett Says</h3><p>Buffett is watching currency in circulation, calling it &#34;one of the most interesting figures&#34; to consider and calling out those who previously said &#34;cash is trash&#34; back in 2007 and 2008.</p><p style=\"text-align: start;\">&#34;The Federal Reserve balance sheet has gone from $800 billion to $2.2 trillion and most of that&#39;s in $100 bills overwhelmingly. … I would really like to know where all of that is,&#34; he said.</p><p style=\"text-align: start;\">&#34;Anyone who thinks cash is trash ought to look at the Federal Reserve balance sheet,&#34; he added. &#34;It is just astounding the way $100 bills have spread. … Believe me, cash is not trash.&#34;</p><h3 style=\"text-align: start;\">Buffett knocks down speculation Berkshire would take full control of Occidental</h3><p>Buffett said Saturday that Berkshire Hathaway won&#39;t take full control of Occidental Petroleum, the energy stock where it has amassed a stake above 20%.</p><p>&#34;There&#39;s speculation about us buying control, we&#39;re not going to buy control. … We wouldn&#39;t know what to do with it,&#34; he said.</p><h3 style=\"text-align: start;\">Buffett says he’ll stick with Bank of America</h3><p>Buffett says he’s keeping his Bank of America holdings <em>— </em>but that he doesn’t know what’s in store.</p><p style=\"text-align: start;\">“We do remain with one bank holding ... , but we originated that deal, with Bank of America. I like Bank of America, I liked the management and I proposed the deal for them. So I stick with it,” said Buffett.</p><p style=\"text-align: start;\">He said that the recent crises in the banking sector have reaffirmed his belief that the American public and lawmakers fail to understand the banking sector.</p><p style=\"text-align: start;\">“But do I know how to project out what’s going to happen from here? The answer is I don’t, because I’ve seen so many things in the last few months, which really weren’t that unexpected to me to see. But which reconfirmed my belief that the American public doesn’t understand our banking system.”</p><h3 style=\"text-align: start;\">It’s a joke to think of ‘tokens’ as the world’s reserve currency, Buffett says</h3><p>People may be losing faith in the dollar, but that doesn’t make it bitcoin’s moment to shine, Buffett said.</p><p style=\"text-align: start;\">“Forget about all the toys – it’s a joke to think of any tokens, that’s madness,” when it comes to the reserve currency of the world, he said. “But it’s also madness to just keep printing money.”</p><p style=\"text-align: start;\">Buffett was responding to a question about the current dedollarization trend and warned about the extent to which the U.S. has been printing money.</p><p style=\"text-align: start;\">“It’s easy for America to do a lot, but if we do too much it’s very hard to see how you recover once you’ve let the genie out of the bottle,” he said. “People lose faith in the currency and they behave in an entirely different manner than they do when they feel … they’re going to have something with roughly equal purchasing power. It changes the economy.”</p><p style=\"text-align: start;\">Munger criticized it more sharply, saying “at some point printing money to buy boats will become counterproductive.”</p><p style=\"text-align: start;\">Still, Buffett stood by the dollar: “We are the reserve currency, I see no option for any other currency to be the reserve currency,” he said.</p><p style=\"text-align: start;\">Bitcoin gained popularity among investors in 2021 because of its potential to act as an inflation hedge, after the U.S. printed trillions of dollars in Covid-19 stimulus. Many have let go of that narrative after bitcoin dropped more than 60% in 2022 amid persistently high inflation.</p><h3>Buffett Says Streaming Remains a Challenging Business, Sticks With Paramount</h3><p>CEO Warren Buffett addressed Berkshire Hathaway’s (ticker: BRK.A, BRK.B) investment in Paramount Global (PARA) at the company’s annual shareholders’ meeting in Omaha on Saturday. The media company is in the midst of an expensive transition from legacy businesses in cable TV and movies to a streaming future.</p><p>Paramount shares dropped 28% on May 5 following a disastrous quarterly earnings report that included a large loss and a slash to the company’s dividend.</p><p>“It’s not good news when any company cuts its dividend dramatically,” Buffett said.</p><p>He noted that the streaming business remains challenging, with numerous competitors keeping prices low. It’s easy to cancel a streaming subscription and hop to a competing service.</p><p>“There are a bunch of companies who don’t want to quit,” Buffett said. “Who knows what will happen with pricing.”</p><p>Berkshire became the largest holder of Paramount stock last year, with a stake of around 15%. Shares are down by about half since Berkshire began buying in the first quarter of 2022.</p><h3>Buffett Faults Bank Risk Taking, Calls for More Active FDIC</h3><p>Berkshire Hathaway (ticker: BRK.A, BRK.B) CEO Warren Buffett sees excessive risk taking at banks as the root of the 2023 banking turmoil. He called for more conservative banking practices and better communication from regulators at Berkshire’s 2023 annual shareholders’ meeting.</p><p style=\"text-align: start;\">“The situation in banking is what it always was,” Buffett said. “Fear is contagious. Sometimes the fear is justified, sometimes it isn’t.” Buffett recalled that his father, Howard Buffett, lost his job during a bank run in the Great Depression.</p><p style=\"text-align: start;\">Buffett praised the Federal Deposit Insurance Corp. for the greater stability of the banking system offered by the regulators’ deposit insurance, but said that it needed to better communicate with the American public to prevent further potential bank runs and potentially consider guaranteeing 100% of deposits until the current turmoil has passed. That’s especially relevant today, when digital banking makes deposits less “sticky,” he said.</p><p style=\"text-align: start;\">Buffett faulted management at First Republic Bank—which was shut down by the Federal Deposit Insurance Corp. last month before its takeover by JPMorgan Chase (JPM)—for concentrating its balance sheet in low-yielding assets that lost value as interest rates rose over the past year.</p><p style=\"text-align: start;\">Buffett placed signs reading “Available for Sale” and “Held-to-Maturity” on the table in front of him and Charlie Munger, Berkshire’s vice chairman, to laughs from the audience. Those are terms that refer to the accounting treatment of securities on a bank’s balance sheet.</p><p style=\"text-align: start;\">“I’m old fashioned,” Munger said. “I liked it when banks didn’t do investment banking…I think having a lot of investment bankers trying to get rich isn’t a good thing. I think bankers should be more like engineers, thinking about what could go wrong.”</p><h3>Abel Says He’ll Continue Buffett’s Approach to Share Buybacks</h3><p>Berkshire Hathaway’s (ticker: BRK.A, BRK.B) vice chairman Greg Abel, Warren Buffett’s appointed successor as CEO, will continue to buy back stock when it appears cheap and the best use of the conglomerate’s cash.</p><p>Berkshire bought back $4.4 billion of stock in the first three months of 2023, up from $2.6 billion in the fourth quarter of 2022.</p><p>“Greg understands capital allocation as well as I do…and I expect he’ll make those decisions under the same framework that Charlie and I do,” Buffett said.</p><p>Buffett is all about intrinsic value, and seeks to buy back Berkshire stock when its price falls below that estimate. He has praised companies like Apple (AAPL) for using excess capital to repurchase shares. He has also criticized management teams for buying back their company’s stock at inflated prices in the past.</p><p>“When the opportunity presents itself, we’ll want to be an active purchaser of Berkshire shares,” Abel said. “It’s great for our shareholders to be able to own a larger share in all of Berkshire’s businesses.”</p><h3>Insurance Profits Are Up at Berkshire, But Jain Worries About a Florida Hurricane</h3><p>Pricing is strong and improving in catastrophe insurance after a tough decade and a half for the category, Berkshire Hathaway’s (ticker: BRK.A, BRK.B) vice chairman in charge of insurance operations Ajit Jain said at the company’s annual shareholders’ meeting on Saturday. Those are policies that insure homes and businesses against natural disasters including earthquakes and hurricanes.</p><p style=\"text-align: start;\">That has helped to drive better underwriting profits at Berkshire’s reinsurance businesses.</p><p style=\"text-align: start;\">Jain warned that the company’s exposure was “unbalanced,” however, with particularly large concentration in Florida. Across all of Berkshire’s insurance operations, the conglomerate could see a loss of up to $15 billion if there’s a majorly destructive hurricane in Florida this year—if there isn’t, it could mean a profit of up to $7 billion, Jain estimated.</p><p style=\"text-align: start;\">Jain said that the recently acquired insurer Alleghany, which Berkshire bought last year for about $11.6 billion, would continue doing business as it had before the deal.</p><p style=\"text-align: start;\">“We treat our operating units independent of each other,” Jain said. “Alleghany will keep doing what they’re doing and they’ve been very successful at it.”</p><h3>Berkshire Hathaway Is Taking Part In the Energy Transition</h3><p>Berkshire Hathaway (ticker: BRK.A, BRK.B) CEO Warren Buffett and vice chairman Greg Abel addressed the conglomerate’s efforts to boost its participation in renewable energy generation at the conglomerate’s 2023 annual shareholders’ meeting in Omaha on Saturday.</p><p style=\"text-align: start;\">“There’s no question there’s an energy transition going on,” said Abel, who oversees Berkshire’s non-insurance businesses, including Berkshire Hathaway Energy. He said the utility company is working to reduce its carbon footprint by 50% in 2030 relative to 2005 levels.</p><p style=\"text-align: start;\">Berkshire Hathaway Energy is investing in windmills and other clean energy generation, plus extending transmission lines to more renewable energy sources, which by their nature are more distributed than traditional power plants.</p><p style=\"text-align: start;\">“It’s a very, very good business opportunity for us,” Abel added.</p><p style=\"text-align: start;\">Buffett said that the United States’ approach to renewable energy is overly fragmented, with different rules and regulations state by state and no society-wide organized effort. He drew a comparison to the World War II-era coordination between the federal government and American businesses to reorient the nation’s industrial economy to support the war effort.</p><p style=\"text-align: start;\">“The capital is there, the people are there, the objective is obvious, we just don’t seem to be able to do it in peacetime,” Buffett said.</p><h3>Buffett and Munger Disagree on the Future of Value Investing</h3><p>Legendary value investors Warren Buffett and Charlie Munger see divergent paths for value investors in the coming years. The Berkshire Hathaway (ticker: BRK.A, BRK.B) managers were responding to shareholders’ questions at the company’s annual meeting in Omaha on Saturday.</p><p style=\"text-align: start;\">“I think value investors are going to have a harder time now that there are so many of them competing for a diminished set of opportunities,” Munger said. “My advice to value investors is to get used to making less.”</p><p style=\"text-align: start;\">“Charlie has been telling me the same thing the whole time we’ve known each other,” Buffett said. The two first met over dinner in 1959.</p><p style=\"text-align: start;\">Buffett sees more opportunities than his long-time partner. “What gives you opportunities is other people doing dumb things,” he said. “...And there’s been a great increase in people doing dumb things.”</p><p style=\"text-align: start;\">The 92-year-old value investor noted that Berkshire’s current scale can be both an advantage and a disadvantage, with many potential opportunities too small to move the needle for the $719 billion conglomerate.</p><p style=\"text-align: start;\">A long-term investing horizon is still key to realizing value in investing, Buffett said. “I’d love to be born today, start out with not too much money, and turn it into a lot of money,” he said. “I’m sure Charlie would too.”</p><p style=\"text-align: start;\">“I’d like my big pile [of money] to stay just the way it is,” Munger quipped, to laughs from the crowd. He has a net worth of approximately $2.4 billion, according to Forbes.</p><h3>Buffett, 92, and Munger, 99 Aren’t Particularly Bullish on AI, Robotics</h3><p>A shareholder asked Berkshire Hathaway&#39;s Warren Buffett and Charlie Munger to share their thoughts on artificial intelligence and robotics and which businesses stood to be disrupted most. “I thank you for asking Charlie that question,” Buffett, 92, demurred.</p><p style=\"text-align: start;\">Munger, 99, noted that he was impressed by the level of automation at BYD (ticker: BYDDY) factories in Asia. But, “I think regular old intelligence works just fine,” Munger added.</p><p style=\"text-align: start;\">“There won’t be any AI that will replace Ajit [Jain, Berkshire vice chairman],” Buffett quipped. He went on to warn about the potential risks of AI technologies, drawing a parallel to the development of the atomic bomb.</p><h3>Buffett’s Vice Chairmen Discuss Berkshire’s Businesses</h3><p>Berkshire Hathaway CEO Warren Buffett kicked a question about the company’s subsidiaries’ performance to his deputies.</p><p style=\"text-align: start;\">Geico is coming off a strong first quarter, with an underwriting profit of $703 million, versus a loss of $178 million in the year-ago quarter.</p><p style=\"text-align: start;\">Ajit Jain, who oversees Berkshire’s insurance operations, said that Geico is working to close the gap with competitors on its employment of telematics, or usage-based insurance, which adjusts customers’ rates based on how they drive.</p><p style=\"text-align: start;\">“Geico’s technology needs a lot more work than I thought it would,” Jain said, noting that the company uses more than 600 distinct tech platforms.</p><p style=\"text-align: start;\">Greg Abel, who oversees non-insurance operations and is in line to succeed Buffett as CEO, spoke about BNSF. He said there was “more work to be done” on making the railroad more efficient and productive and that he was aware of most competitors moving to precision-scheduled railroading.</p><p style=\"text-align: start;\">2022 was a “reset” year for the business, Abel said, that will set it up for better long-term growth.</p><h3>Buffett Agrees With Regulators’ Decision to Protect Failing Bank Deposits</h3><p>The 2023 Berkshire Hathaway shareholders’ meeting’s first question had to do with the past few months’ banking-industry turmoil.</p><p style=\"text-align: start;\">CEO Warren Buffett said that regulators made the right decision to intervene to protect depositors at banks including Silicon Valley Bank, which failed in March.</p><p style=\"text-align: start;\">Had they not, “it would have been catastrophic,” Buffett said.</p><h3>Buffett Talks First-Quarter Results, Berkshire’s Balance Sheet, and Buybacks</h3><p>Berkshire Hathaway CEO Warren Buffett ran through the company’s first-quarter results, which were released on Saturday morning. The conglomerate’s operating profit after taxes was up almost 13% year over year, to $8.1 billion.</p><p style=\"text-align: start;\">Buffett attributed the gain to a higher return on the company’s stock portfolio, better interest income on its cash holdings, and a higher insurance underwriting profit.</p><p style=\"text-align: start;\">He continued with an overview of Berkshire’s balance sheet, noting that the company’s $504.5 billion in shareholders’ equity is more than any other American company. Berkshire’s insurance float—the difference between an insurance company’s cash collected from premiums and the claims it must pay out—stood at $165.1 billion at the end of the first quarter, while cash and Treasury bills were $127.7 billion. That’s a lot of ammo for potential acquisitions or interest income.</p><p style=\"text-align: start;\">Berkshire bought back about 9,600 class A shares in the first quarter, worth about $4.4 billion. That was faster than the first-quarter pace of buybacks, but slower than Berkshire’s repurchases in 2020 and 2021.</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>A Full Recap of Everything Warren Buffett and Charlie Munger Said at Berkshire’s Annual Meeting</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\">\nA Full Recap of Everything Warren Buffett and Charlie Munger Said at Berkshire’s Annual Meeting\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1012688067\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2023-05-07 07:50</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>The Q&amp;A session at Berkshire Hathaway’s 2023 annual shareholders’ meeting ended early on Saturday, after back-to-back three-hour sessions of questioning for the conglomerate’s management.</p><p>CEO Warren Buffett and vice chairmen Charlie Munger, Ajit Jain, and Greg Abel addressed queries from shareholders about Berkshire’s business performance, their thoughts on macroeconomic issues and the recent banking turmoil</p><p>Buffett, 92, and Munger, 99, sprinkled in genial anecdotes and grandfatherly advice for Berkshire’s younger shareholders. Attendance was high at this year’s so-called “Woodstock for Capitalists,” after a relatively muted 2022 confab following two year of virtual meetings during the Covid-19 pandemic.</p><p>Berkshire’s first-quarter results were released earlier on Saturday morning, showing a 12.6% rise in operating profit, to $8.1 billion, and a faster pace of buybacks compared with the fourth quarter of 2022.</p><h3>Berkshire Won’t Be Investing In Automakers, Buffett Says</h3><p>Berkshire Hathaway (ticker: BRK.A, BRK.B) isn’t likely to invest in shares of automakers like General Motors (GM) or Ford Motor (F), CEO Warren Buffett said at the company’s annual shareholders’ meeting on Saturday.</p><p>“Charlie [Munger] and I have long felt that the auto business is just too tough,” Buffett said, adding an anecdote about Henry Ford’s challenges in the industry in the early 1900s.</p><p>Buffett said that there are too many global competitors for the automaking business to generate attractive returns. It’s also in the midst of a transition to electric vehicles, which imposes huge capital costs and risks in the near term before it becomes clear which companies will be successful and which won’t.</p><p>Berkshire prefers the auto dealership business, where it owns 78 dealerships across the U.S. Those generate more than $8 billion in annual revenue, making Berkshire among the largest dealership groups in the U.S.</p><h3>Buffett Says Berkshire Remains On the Hunt for an ‘Elephant-Sized’ Acquisition</h3><p>Berkshire Hathaway (ticker: BRK.A, BRK.B) has nearly $130 billion in cash and Treasury bills on its balance sheet. There’s ongoing speculation about what the company might do with all that dry powder.</p><p>At Berkshire’s annual shareholders’ meeting on Saturday, CEO Warren Buffett said that he would rather do a deal for a large company than sit on the cash, earning interest, but that it all depends on the prices available. Things are generally expensive these days.</p><p>“If we could buy a company for $15 billion, $75 billion, $100 billion, we could do it,” Buffett said. He noted that it’s more complex to buy a publicly traded company due to the longer timeline, shareholder vote, and other rules. But there just aren’t that many private companies of that scale available.</p><p>Buffett spoke about opportunities that emerged during the global financial crisis in 2008, including deals to buy shares in several troubled banks at attractive prices, and said that he expects Berkshire to get similar calls in the future.</p><p>“There’s no one else quite like us who can [do a deal] under the right circumstances,” Buffett said.</p><p>In the meantime, Berkshire is earning close to 5% on its T-bills. It has also been buying stock in recent years.</p><h3>Cash Is Not Trash, Buffett Says</h3><p>Buffett is watching currency in circulation, calling it &#34;one of the most interesting figures&#34; to consider and calling out those who previously said &#34;cash is trash&#34; back in 2007 and 2008.</p><p style=\"text-align: start;\">&#34;The Federal Reserve balance sheet has gone from $800 billion to $2.2 trillion and most of that&#39;s in $100 bills overwhelmingly. … I would really like to know where all of that is,&#34; he said.</p><p style=\"text-align: start;\">&#34;Anyone who thinks cash is trash ought to look at the Federal Reserve balance sheet,&#34; he added. &#34;It is just astounding the way $100 bills have spread. … Believe me, cash is not trash.&#34;</p><h3 style=\"text-align: start;\">Buffett knocks down speculation Berkshire would take full control of Occidental</h3><p>Buffett said Saturday that Berkshire Hathaway won&#39;t take full control of Occidental Petroleum, the energy stock where it has amassed a stake above 20%.</p><p>&#34;There&#39;s speculation about us buying control, we&#39;re not going to buy control. … We wouldn&#39;t know what to do with it,&#34; he said.</p><h3 style=\"text-align: start;\">Buffett says he’ll stick with Bank of America</h3><p>Buffett says he’s keeping his Bank of America holdings <em>— </em>but that he doesn’t know what’s in store.</p><p style=\"text-align: start;\">“We do remain with one bank holding ... , but we originated that deal, with Bank of America. I like Bank of America, I liked the management and I proposed the deal for them. So I stick with it,” said Buffett.</p><p style=\"text-align: start;\">He said that the recent crises in the banking sector have reaffirmed his belief that the American public and lawmakers fail to understand the banking sector.</p><p style=\"text-align: start;\">“But do I know how to project out what’s going to happen from here? The answer is I don’t, because I’ve seen so many things in the last few months, which really weren’t that unexpected to me to see. But which reconfirmed my belief that the American public doesn’t understand our banking system.”</p><h3 style=\"text-align: start;\">It’s a joke to think of ‘tokens’ as the world’s reserve currency, Buffett says</h3><p>People may be losing faith in the dollar, but that doesn’t make it bitcoin’s moment to shine, Buffett said.</p><p style=\"text-align: start;\">“Forget about all the toys – it’s a joke to think of any tokens, that’s madness,” when it comes to the reserve currency of the world, he said. “But it’s also madness to just keep printing money.”</p><p style=\"text-align: start;\">Buffett was responding to a question about the current dedollarization trend and warned about the extent to which the U.S. has been printing money.</p><p style=\"text-align: start;\">“It’s easy for America to do a lot, but if we do too much it’s very hard to see how you recover once you’ve let the genie out of the bottle,” he said. “People lose faith in the currency and they behave in an entirely different manner than they do when they feel … they’re going to have something with roughly equal purchasing power. It changes the economy.”</p><p style=\"text-align: start;\">Munger criticized it more sharply, saying “at some point printing money to buy boats will become counterproductive.”</p><p style=\"text-align: start;\">Still, Buffett stood by the dollar: “We are the reserve currency, I see no option for any other currency to be the reserve currency,” he said.</p><p style=\"text-align: start;\">Bitcoin gained popularity among investors in 2021 because of its potential to act as an inflation hedge, after the U.S. printed trillions of dollars in Covid-19 stimulus. Many have let go of that narrative after bitcoin dropped more than 60% in 2022 amid persistently high inflation.</p><h3>Buffett Says Streaming Remains a Challenging Business, Sticks With Paramount</h3><p>CEO Warren Buffett addressed Berkshire Hathaway’s (ticker: BRK.A, BRK.B) investment in Paramount Global (PARA) at the company’s annual shareholders’ meeting in Omaha on Saturday. The media company is in the midst of an expensive transition from legacy businesses in cable TV and movies to a streaming future.</p><p>Paramount shares dropped 28% on May 5 following a disastrous quarterly earnings report that included a large loss and a slash to the company’s dividend.</p><p>“It’s not good news when any company cuts its dividend dramatically,” Buffett said.</p><p>He noted that the streaming business remains challenging, with numerous competitors keeping prices low. It’s easy to cancel a streaming subscription and hop to a competing service.</p><p>“There are a bunch of companies who don’t want to quit,” Buffett said. “Who knows what will happen with pricing.”</p><p>Berkshire became the largest holder of Paramount stock last year, with a stake of around 15%. Shares are down by about half since Berkshire began buying in the first quarter of 2022.</p><h3>Buffett Faults Bank Risk Taking, Calls for More Active FDIC</h3><p>Berkshire Hathaway (ticker: BRK.A, BRK.B) CEO Warren Buffett sees excessive risk taking at banks as the root of the 2023 banking turmoil. He called for more conservative banking practices and better communication from regulators at Berkshire’s 2023 annual shareholders’ meeting.</p><p style=\"text-align: start;\">“The situation in banking is what it always was,” Buffett said. “Fear is contagious. Sometimes the fear is justified, sometimes it isn’t.” Buffett recalled that his father, Howard Buffett, lost his job during a bank run in the Great Depression.</p><p style=\"text-align: start;\">Buffett praised the Federal Deposit Insurance Corp. for the greater stability of the banking system offered by the regulators’ deposit insurance, but said that it needed to better communicate with the American public to prevent further potential bank runs and potentially consider guaranteeing 100% of deposits until the current turmoil has passed. That’s especially relevant today, when digital banking makes deposits less “sticky,” he said.</p><p style=\"text-align: start;\">Buffett faulted management at First Republic Bank—which was shut down by the Federal Deposit Insurance Corp. last month before its takeover by JPMorgan Chase (JPM)—for concentrating its balance sheet in low-yielding assets that lost value as interest rates rose over the past year.</p><p style=\"text-align: start;\">Buffett placed signs reading “Available for Sale” and “Held-to-Maturity” on the table in front of him and Charlie Munger, Berkshire’s vice chairman, to laughs from the audience. Those are terms that refer to the accounting treatment of securities on a bank’s balance sheet.</p><p style=\"text-align: start;\">“I’m old fashioned,” Munger said. “I liked it when banks didn’t do investment banking…I think having a lot of investment bankers trying to get rich isn’t a good thing. I think bankers should be more like engineers, thinking about what could go wrong.”</p><h3>Abel Says He’ll Continue Buffett’s Approach to Share Buybacks</h3><p>Berkshire Hathaway’s (ticker: BRK.A, BRK.B) vice chairman Greg Abel, Warren Buffett’s appointed successor as CEO, will continue to buy back stock when it appears cheap and the best use of the conglomerate’s cash.</p><p>Berkshire bought back $4.4 billion of stock in the first three months of 2023, up from $2.6 billion in the fourth quarter of 2022.</p><p>“Greg understands capital allocation as well as I do…and I expect he’ll make those decisions under the same framework that Charlie and I do,” Buffett said.</p><p>Buffett is all about intrinsic value, and seeks to buy back Berkshire stock when its price falls below that estimate. He has praised companies like Apple (AAPL) for using excess capital to repurchase shares. He has also criticized management teams for buying back their company’s stock at inflated prices in the past.</p><p>“When the opportunity presents itself, we’ll want to be an active purchaser of Berkshire shares,” Abel said. “It’s great for our shareholders to be able to own a larger share in all of Berkshire’s businesses.”</p><h3>Insurance Profits Are Up at Berkshire, But Jain Worries About a Florida Hurricane</h3><p>Pricing is strong and improving in catastrophe insurance after a tough decade and a half for the category, Berkshire Hathaway’s (ticker: BRK.A, BRK.B) vice chairman in charge of insurance operations Ajit Jain said at the company’s annual shareholders’ meeting on Saturday. Those are policies that insure homes and businesses against natural disasters including earthquakes and hurricanes.</p><p style=\"text-align: start;\">That has helped to drive better underwriting profits at Berkshire’s reinsurance businesses.</p><p style=\"text-align: start;\">Jain warned that the company’s exposure was “unbalanced,” however, with particularly large concentration in Florida. Across all of Berkshire’s insurance operations, the conglomerate could see a loss of up to $15 billion if there’s a majorly destructive hurricane in Florida this year—if there isn’t, it could mean a profit of up to $7 billion, Jain estimated.</p><p style=\"text-align: start;\">Jain said that the recently acquired insurer Alleghany, which Berkshire bought last year for about $11.6 billion, would continue doing business as it had before the deal.</p><p style=\"text-align: start;\">“We treat our operating units independent of each other,” Jain said. “Alleghany will keep doing what they’re doing and they’ve been very successful at it.”</p><h3>Berkshire Hathaway Is Taking Part In the Energy Transition</h3><p>Berkshire Hathaway (ticker: BRK.A, BRK.B) CEO Warren Buffett and vice chairman Greg Abel addressed the conglomerate’s efforts to boost its participation in renewable energy generation at the conglomerate’s 2023 annual shareholders’ meeting in Omaha on Saturday.</p><p style=\"text-align: start;\">“There’s no question there’s an energy transition going on,” said Abel, who oversees Berkshire’s non-insurance businesses, including Berkshire Hathaway Energy. He said the utility company is working to reduce its carbon footprint by 50% in 2030 relative to 2005 levels.</p><p style=\"text-align: start;\">Berkshire Hathaway Energy is investing in windmills and other clean energy generation, plus extending transmission lines to more renewable energy sources, which by their nature are more distributed than traditional power plants.</p><p style=\"text-align: start;\">“It’s a very, very good business opportunity for us,” Abel added.</p><p style=\"text-align: start;\">Buffett said that the United States’ approach to renewable energy is overly fragmented, with different rules and regulations state by state and no society-wide organized effort. He drew a comparison to the World War II-era coordination between the federal government and American businesses to reorient the nation’s industrial economy to support the war effort.</p><p style=\"text-align: start;\">“The capital is there, the people are there, the objective is obvious, we just don’t seem to be able to do it in peacetime,” Buffett said.</p><h3>Buffett and Munger Disagree on the Future of Value Investing</h3><p>Legendary value investors Warren Buffett and Charlie Munger see divergent paths for value investors in the coming years. The Berkshire Hathaway (ticker: BRK.A, BRK.B) managers were responding to shareholders’ questions at the company’s annual meeting in Omaha on Saturday.</p><p style=\"text-align: start;\">“I think value investors are going to have a harder time now that there are so many of them competing for a diminished set of opportunities,” Munger said. “My advice to value investors is to get used to making less.”</p><p style=\"text-align: start;\">“Charlie has been telling me the same thing the whole time we’ve known each other,” Buffett said. The two first met over dinner in 1959.</p><p style=\"text-align: start;\">Buffett sees more opportunities than his long-time partner. “What gives you opportunities is other people doing dumb things,” he said. “...And there’s been a great increase in people doing dumb things.”</p><p style=\"text-align: start;\">The 92-year-old value investor noted that Berkshire’s current scale can be both an advantage and a disadvantage, with many potential opportunities too small to move the needle for the $719 billion conglomerate.</p><p style=\"text-align: start;\">A long-term investing horizon is still key to realizing value in investing, Buffett said. “I’d love to be born today, start out with not too much money, and turn it into a lot of money,” he said. “I’m sure Charlie would too.”</p><p style=\"text-align: start;\">“I’d like my big pile [of money] to stay just the way it is,” Munger quipped, to laughs from the crowd. He has a net worth of approximately $2.4 billion, according to Forbes.</p><h3>Buffett, 92, and Munger, 99 Aren’t Particularly Bullish on AI, Robotics</h3><p>A shareholder asked Berkshire Hathaway&#39;s Warren Buffett and Charlie Munger to share their thoughts on artificial intelligence and robotics and which businesses stood to be disrupted most. “I thank you for asking Charlie that question,” Buffett, 92, demurred.</p><p style=\"text-align: start;\">Munger, 99, noted that he was impressed by the level of automation at BYD (ticker: BYDDY) factories in Asia. But, “I think regular old intelligence works just fine,” Munger added.</p><p style=\"text-align: start;\">“There won’t be any AI that will replace Ajit [Jain, Berkshire vice chairman],” Buffett quipped. He went on to warn about the potential risks of AI technologies, drawing a parallel to the development of the atomic bomb.</p><h3>Buffett’s Vice Chairmen Discuss Berkshire’s Businesses</h3><p>Berkshire Hathaway CEO Warren Buffett kicked a question about the company’s subsidiaries’ performance to his deputies.</p><p style=\"text-align: start;\">Geico is coming off a strong first quarter, with an underwriting profit of $703 million, versus a loss of $178 million in the year-ago quarter.</p><p style=\"text-align: start;\">Ajit Jain, who oversees Berkshire’s insurance operations, said that Geico is working to close the gap with competitors on its employment of telematics, or usage-based insurance, which adjusts customers’ rates based on how they drive.</p><p style=\"text-align: start;\">“Geico’s technology needs a lot more work than I thought it would,” Jain said, noting that the company uses more than 600 distinct tech platforms.</p><p style=\"text-align: start;\">Greg Abel, who oversees non-insurance operations and is in line to succeed Buffett as CEO, spoke about BNSF. He said there was “more work to be done” on making the railroad more efficient and productive and that he was aware of most competitors moving to precision-scheduled railroading.</p><p style=\"text-align: start;\">2022 was a “reset” year for the business, Abel said, that will set it up for better long-term growth.</p><h3>Buffett Agrees With Regulators’ Decision to Protect Failing Bank Deposits</h3><p>The 2023 Berkshire Hathaway shareholders’ meeting’s first question had to do with the past few months’ banking-industry turmoil.</p><p style=\"text-align: start;\">CEO Warren Buffett said that regulators made the right decision to intervene to protect depositors at banks including Silicon Valley Bank, which failed in March.</p><p style=\"text-align: start;\">Had they not, “it would have been catastrophic,” Buffett said.</p><h3>Buffett Talks First-Quarter Results, Berkshire’s Balance Sheet, and Buybacks</h3><p>Berkshire Hathaway CEO Warren Buffett ran through the company’s first-quarter results, which were released on Saturday morning. The conglomerate’s operating profit after taxes was up almost 13% year over year, to $8.1 billion.</p><p style=\"text-align: start;\">Buffett attributed the gain to a higher return on the company’s stock portfolio, better interest income on its cash holdings, and a higher insurance underwriting profit.</p><p style=\"text-align: start;\">He continued with an overview of Berkshire’s balance sheet, noting that the company’s $504.5 billion in shareholders’ equity is more than any other American company. Berkshire’s insurance float—the difference between an insurance company’s cash collected from premiums and the claims it must pay out—stood at $165.1 billion at the end of the first quarter, while cash and Treasury bills were $127.7 billion. That’s a lot of ammo for potential acquisitions or interest income.</p><p style=\"text-align: start;\">Berkshire bought back about 9,600 class A shares in the first quarter, worth about $4.4 billion. That was faster than the first-quarter pace of buybacks, but slower than Berkshire’s repurchases in 2020 and 2021.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.A":"伯克希尔","BRK.B":"伯克希尔B"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128633960","content_text":"The Q&A session at Berkshire Hathaway’s 2023 annual shareholders’ meeting ended early on Saturday, after back-to-back three-hour sessions of questioning for the conglomerate’s management.CEO Warren Buffett and vice chairmen Charlie Munger, Ajit Jain, and Greg Abel addressed queries from shareholders about Berkshire’s business performance, their thoughts on macroeconomic issues and the recent banking turmoilBuffett, 92, and Munger, 99, sprinkled in genial anecdotes and grandfatherly advice for Berkshire’s younger shareholders. Attendance was high at this year’s so-called “Woodstock for Capitalists,” after a relatively muted 2022 confab following two year of virtual meetings during the Covid-19 pandemic.Berkshire’s first-quarter results were released earlier on Saturday morning, showing a 12.6% rise in operating profit, to $8.1 billion, and a faster pace of buybacks compared with the fourth quarter of 2022.Berkshire Won’t Be Investing In Automakers, Buffett SaysBerkshire Hathaway (ticker: BRK.A, BRK.B) isn’t likely to invest in shares of automakers like General Motors (GM) or Ford Motor (F), CEO Warren Buffett said at the company’s annual shareholders’ meeting on Saturday.“Charlie [Munger] and I have long felt that the auto business is just too tough,” Buffett said, adding an anecdote about Henry Ford’s challenges in the industry in the early 1900s.Buffett said that there are too many global competitors for the automaking business to generate attractive returns. It’s also in the midst of a transition to electric vehicles, which imposes huge capital costs and risks in the near term before it becomes clear which companies will be successful and which won’t.Berkshire prefers the auto dealership business, where it owns 78 dealerships across the U.S. Those generate more than $8 billion in annual revenue, making Berkshire among the largest dealership groups in the U.S.Buffett Says Berkshire Remains On the Hunt for an ‘Elephant-Sized’ AcquisitionBerkshire Hathaway (ticker: BRK.A, BRK.B) has nearly $130 billion in cash and Treasury bills on its balance sheet. There’s ongoing speculation about what the company might do with all that dry powder.At Berkshire’s annual shareholders’ meeting on Saturday, CEO Warren Buffett said that he would rather do a deal for a large company than sit on the cash, earning interest, but that it all depends on the prices available. Things are generally expensive these days.“If we could buy a company for $15 billion, $75 billion, $100 billion, we could do it,” Buffett said. He noted that it’s more complex to buy a publicly traded company due to the longer timeline, shareholder vote, and other rules. But there just aren’t that many private companies of that scale available.Buffett spoke about opportunities that emerged during the global financial crisis in 2008, including deals to buy shares in several troubled banks at attractive prices, and said that he expects Berkshire to get similar calls in the future.“There’s no one else quite like us who can [do a deal] under the right circumstances,” Buffett said.In the meantime, Berkshire is earning close to 5% on its T-bills. It has also been buying stock in recent years.Cash Is Not Trash, Buffett SaysBuffett is watching currency in circulation, calling it \"one of the most interesting figures\" to consider and calling out those who previously said \"cash is trash\" back in 2007 and 2008.\"The Federal Reserve balance sheet has gone from $800 billion to $2.2 trillion and most of that's in $100 bills overwhelmingly. … I would really like to know where all of that is,\" he said.\"Anyone who thinks cash is trash ought to look at the Federal Reserve balance sheet,\" he added. \"It is just astounding the way $100 bills have spread. … Believe me, cash is not trash.\"Buffett knocks down speculation Berkshire would take full control of OccidentalBuffett said Saturday that Berkshire Hathaway won't take full control of Occidental Petroleum, the energy stock where it has amassed a stake above 20%.\"There's speculation about us buying control, we're not going to buy control. … We wouldn't know what to do with it,\" he said.Buffett says he’ll stick with Bank of AmericaBuffett says he’s keeping his Bank of America holdings — but that he doesn’t know what’s in store.“We do remain with one bank holding ... , but we originated that deal, with Bank of America. I like Bank of America, I liked the management and I proposed the deal for them. So I stick with it,” said Buffett.He said that the recent crises in the banking sector have reaffirmed his belief that the American public and lawmakers fail to understand the banking sector.“But do I know how to project out what’s going to happen from here? The answer is I don’t, because I’ve seen so many things in the last few months, which really weren’t that unexpected to me to see. But which reconfirmed my belief that the American public doesn’t understand our banking system.”It’s a joke to think of ‘tokens’ as the world’s reserve currency, Buffett saysPeople may be losing faith in the dollar, but that doesn’t make it bitcoin’s moment to shine, Buffett said.“Forget about all the toys – it’s a joke to think of any tokens, that’s madness,” when it comes to the reserve currency of the world, he said. “But it’s also madness to just keep printing money.”Buffett was responding to a question about the current dedollarization trend and warned about the extent to which the U.S. has been printing money.“It’s easy for America to do a lot, but if we do too much it’s very hard to see how you recover once you’ve let the genie out of the bottle,” he said. “People lose faith in the currency and they behave in an entirely different manner than they do when they feel … they’re going to have something with roughly equal purchasing power. It changes the economy.”Munger criticized it more sharply, saying “at some point printing money to buy boats will become counterproductive.”Still, Buffett stood by the dollar: “We are the reserve currency, I see no option for any other currency to be the reserve currency,” he said.Bitcoin gained popularity among investors in 2021 because of its potential to act as an inflation hedge, after the U.S. printed trillions of dollars in Covid-19 stimulus. Many have let go of that narrative after bitcoin dropped more than 60% in 2022 amid persistently high inflation.Buffett Says Streaming Remains a Challenging Business, Sticks With ParamountCEO Warren Buffett addressed Berkshire Hathaway’s (ticker: BRK.A, BRK.B) investment in Paramount Global (PARA) at the company’s annual shareholders’ meeting in Omaha on Saturday. The media company is in the midst of an expensive transition from legacy businesses in cable TV and movies to a streaming future.Paramount shares dropped 28% on May 5 following a disastrous quarterly earnings report that included a large loss and a slash to the company’s dividend.“It’s not good news when any company cuts its dividend dramatically,” Buffett said.He noted that the streaming business remains challenging, with numerous competitors keeping prices low. It’s easy to cancel a streaming subscription and hop to a competing service.“There are a bunch of companies who don’t want to quit,” Buffett said. “Who knows what will happen with pricing.”Berkshire became the largest holder of Paramount stock last year, with a stake of around 15%. Shares are down by about half since Berkshire began buying in the first quarter of 2022.Buffett Faults Bank Risk Taking, Calls for More Active FDICBerkshire Hathaway (ticker: BRK.A, BRK.B) CEO Warren Buffett sees excessive risk taking at banks as the root of the 2023 banking turmoil. He called for more conservative banking practices and better communication from regulators at Berkshire’s 2023 annual shareholders’ meeting.“The situation in banking is what it always was,” Buffett said. “Fear is contagious. Sometimes the fear is justified, sometimes it isn’t.” Buffett recalled that his father, Howard Buffett, lost his job during a bank run in the Great Depression.Buffett praised the Federal Deposit Insurance Corp. for the greater stability of the banking system offered by the regulators’ deposit insurance, but said that it needed to better communicate with the American public to prevent further potential bank runs and potentially consider guaranteeing 100% of deposits until the current turmoil has passed. That’s especially relevant today, when digital banking makes deposits less “sticky,” he said.Buffett faulted management at First Republic Bank—which was shut down by the Federal Deposit Insurance Corp. last month before its takeover by JPMorgan Chase (JPM)—for concentrating its balance sheet in low-yielding assets that lost value as interest rates rose over the past year.Buffett placed signs reading “Available for Sale” and “Held-to-Maturity” on the table in front of him and Charlie Munger, Berkshire’s vice chairman, to laughs from the audience. Those are terms that refer to the accounting treatment of securities on a bank’s balance sheet.“I’m old fashioned,” Munger said. “I liked it when banks didn’t do investment banking…I think having a lot of investment bankers trying to get rich isn’t a good thing. I think bankers should be more like engineers, thinking about what could go wrong.”Abel Says He’ll Continue Buffett’s Approach to Share BuybacksBerkshire Hathaway’s (ticker: BRK.A, BRK.B) vice chairman Greg Abel, Warren Buffett’s appointed successor as CEO, will continue to buy back stock when it appears cheap and the best use of the conglomerate’s cash.Berkshire bought back $4.4 billion of stock in the first three months of 2023, up from $2.6 billion in the fourth quarter of 2022.“Greg understands capital allocation as well as I do…and I expect he’ll make those decisions under the same framework that Charlie and I do,” Buffett said.Buffett is all about intrinsic value, and seeks to buy back Berkshire stock when its price falls below that estimate. He has praised companies like Apple (AAPL) for using excess capital to repurchase shares. He has also criticized management teams for buying back their company’s stock at inflated prices in the past.“When the opportunity presents itself, we’ll want to be an active purchaser of Berkshire shares,” Abel said. “It’s great for our shareholders to be able to own a larger share in all of Berkshire’s businesses.”Insurance Profits Are Up at Berkshire, But Jain Worries About a Florida HurricanePricing is strong and improving in catastrophe insurance after a tough decade and a half for the category, Berkshire Hathaway’s (ticker: BRK.A, BRK.B) vice chairman in charge of insurance operations Ajit Jain said at the company’s annual shareholders’ meeting on Saturday. Those are policies that insure homes and businesses against natural disasters including earthquakes and hurricanes.That has helped to drive better underwriting profits at Berkshire’s reinsurance businesses.Jain warned that the company’s exposure was “unbalanced,” however, with particularly large concentration in Florida. Across all of Berkshire’s insurance operations, the conglomerate could see a loss of up to $15 billion if there’s a majorly destructive hurricane in Florida this year—if there isn’t, it could mean a profit of up to $7 billion, Jain estimated.Jain said that the recently acquired insurer Alleghany, which Berkshire bought last year for about $11.6 billion, would continue doing business as it had before the deal.“We treat our operating units independent of each other,” Jain said. “Alleghany will keep doing what they’re doing and they’ve been very successful at it.”Berkshire Hathaway Is Taking Part In the Energy TransitionBerkshire Hathaway (ticker: BRK.A, BRK.B) CEO Warren Buffett and vice chairman Greg Abel addressed the conglomerate’s efforts to boost its participation in renewable energy generation at the conglomerate’s 2023 annual shareholders’ meeting in Omaha on Saturday.“There’s no question there’s an energy transition going on,” said Abel, who oversees Berkshire’s non-insurance businesses, including Berkshire Hathaway Energy. He said the utility company is working to reduce its carbon footprint by 50% in 2030 relative to 2005 levels.Berkshire Hathaway Energy is investing in windmills and other clean energy generation, plus extending transmission lines to more renewable energy sources, which by their nature are more distributed than traditional power plants.“It’s a very, very good business opportunity for us,” Abel added.Buffett said that the United States’ approach to renewable energy is overly fragmented, with different rules and regulations state by state and no society-wide organized effort. He drew a comparison to the World War II-era coordination between the federal government and American businesses to reorient the nation’s industrial economy to support the war effort.“The capital is there, the people are there, the objective is obvious, we just don’t seem to be able to do it in peacetime,” Buffett said.Buffett and Munger Disagree on the Future of Value InvestingLegendary value investors Warren Buffett and Charlie Munger see divergent paths for value investors in the coming years. The Berkshire Hathaway (ticker: BRK.A, BRK.B) managers were responding to shareholders’ questions at the company’s annual meeting in Omaha on Saturday.“I think value investors are going to have a harder time now that there are so many of them competing for a diminished set of opportunities,” Munger said. “My advice to value investors is to get used to making less.”“Charlie has been telling me the same thing the whole time we’ve known each other,” Buffett said. The two first met over dinner in 1959.Buffett sees more opportunities than his long-time partner. “What gives you opportunities is other people doing dumb things,” he said. “...And there’s been a great increase in people doing dumb things.”The 92-year-old value investor noted that Berkshire’s current scale can be both an advantage and a disadvantage, with many potential opportunities too small to move the needle for the $719 billion conglomerate.A long-term investing horizon is still key to realizing value in investing, Buffett said. “I’d love to be born today, start out with not too much money, and turn it into a lot of money,” he said. “I’m sure Charlie would too.”“I’d like my big pile [of money] to stay just the way it is,” Munger quipped, to laughs from the crowd. He has a net worth of approximately $2.4 billion, according to Forbes.Buffett, 92, and Munger, 99 Aren’t Particularly Bullish on AI, RoboticsA shareholder asked Berkshire Hathaway's Warren Buffett and Charlie Munger to share their thoughts on artificial intelligence and robotics and which businesses stood to be disrupted most. “I thank you for asking Charlie that question,” Buffett, 92, demurred.Munger, 99, noted that he was impressed by the level of automation at BYD (ticker: BYDDY) factories in Asia. But, “I think regular old intelligence works just fine,” Munger added.“There won’t be any AI that will replace Ajit [Jain, Berkshire vice chairman],” Buffett quipped. He went on to warn about the potential risks of AI technologies, drawing a parallel to the development of the atomic bomb.Buffett’s Vice Chairmen Discuss Berkshire’s BusinessesBerkshire Hathaway CEO Warren Buffett kicked a question about the company’s subsidiaries’ performance to his deputies.Geico is coming off a strong first quarter, with an underwriting profit of $703 million, versus a loss of $178 million in the year-ago quarter.Ajit Jain, who oversees Berkshire’s insurance operations, said that Geico is working to close the gap with competitors on its employment of telematics, or usage-based insurance, which adjusts customers’ rates based on how they drive.“Geico’s technology needs a lot more work than I thought it would,” Jain said, noting that the company uses more than 600 distinct tech platforms.Greg Abel, who oversees non-insurance operations and is in line to succeed Buffett as CEO, spoke about BNSF. He said there was “more work to be done” on making the railroad more efficient and productive and that he was aware of most competitors moving to precision-scheduled railroading.2022 was a “reset” year for the business, Abel said, that will set it up for better long-term growth.Buffett Agrees With Regulators’ Decision to Protect Failing Bank DepositsThe 2023 Berkshire Hathaway shareholders’ meeting’s first question had to do with the past few months’ banking-industry turmoil.CEO Warren Buffett said that regulators made the right decision to intervene to protect depositors at banks including Silicon Valley Bank, which failed in March.Had they not, “it would have been catastrophic,” Buffett said.Buffett Talks First-Quarter Results, Berkshire’s Balance Sheet, and BuybacksBerkshire Hathaway CEO Warren Buffett ran through the company’s first-quarter results, which were released on Saturday morning. The conglomerate’s operating profit after taxes was up almost 13% year over year, to $8.1 billion.Buffett attributed the gain to a higher return on the company’s stock portfolio, better interest income on its cash holdings, and a higher insurance underwriting profit.He continued with an overview of Berkshire’s balance sheet, noting that the company’s $504.5 billion in shareholders’ equity is more than any other American company. Berkshire’s insurance float—the difference between an insurance company’s cash collected from premiums and the claims it must pay out—stood at $165.1 billion at the end of the first quarter, while cash and Treasury bills were $127.7 billion. That’s a lot of ammo for potential acquisitions or interest income.Berkshire bought back about 9,600 class A shares in the first quarter, worth about $4.4 billion. That was faster than the first-quarter pace of buybacks, but slower than Berkshire’s repurchases in 2020 and 2021.","news_type":1},"isVote":1,"tweetType":1,"viewCount":501,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9911462312,"gmtCreate":1664245559236,"gmtModify":1676537417624,"author":{"id":"4111809398482662","authorId":"4111809398482662","name":"Great Joy","avatar":"https://community-static.tradeup.com/news/60d4182388f8b85c577b0310c872c28d","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4111809398482662","authorIdStr":"4111809398482662"},"themes":[],"htmlText":"Thanks&nbsp;","listText":"Thanks&nbsp;","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9911462312","repostId":"2270268923","repostType":4,"repost":{"id":"2270268923","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":1664233294,"share":"https://ttm.financial/m/news/2270268923?lang=&edition=fundamental","pubTime":"2022-09-27 07:01","market":"us","language":"en","title":"US STOCKS-Wall Street Ends Lower, Dow Confirms Bear Market","url":"https://stock-news.laohu8.com/highlight/detail?id=2270268923","media":"Reuters","summary":"Fed rate hikes have investors 'throwing in the towel'Casinos jump as Macau allows tour groups after nearly 3 yearsIndexes: Dow -1.11%, S&P 500 -1.03%, Nasdaq -0.60%Sept 26  - Wall Street slid deeper into a bear market on Monday, with the S&P 500 and Dow closing lower as investors fretted that the Federal Reserve's aggressive campaign against inflation could throw the U.S. economy into a sharp downturn.After two weeks of mostly steady losses on the U.S. stock market, the Dow Jones Industrial Aver","content":"<html><head></head><body><ul><li>Fed rate hikes have investors &#39;throwing in the towel&#39;</li><li>Casinos jump as Macau allows tour groups after nearly 3 years</li><li>Indexes: Dow -1.11%, S&amp;P 500 -1.03%, Nasdaq -0.60%</li></ul><p>Sept 26 (Reuters) - Wall Street slid deeper into a bear market on Monday, with the S&amp;P 500 and Dow closing lower as investors fretted that the Federal Reserve&#39;s aggressive campaign against inflation could throw the U.S. economy into a sharp downturn.</p><p>After two weeks of mostly steady losses on the U.S. stock market, the Dow Jones Industrial Average confirmed it has been in a bear market since early January. The S&amp;P 500 index confirmed in June it was in a bear market, and on Monday it ended the session below its mid-June closing low, extending this year&#39;s overall selloff.</p><p>With the Fed signaling last Wednesday that high interest rates could last through 2023, the S&amp;P 500 has relinquished the last of its gains made in a summer rally.</p><p>&#34;Investors are just throwing in the towel,&#34; said Jake Dollarhide, Chief Executive Officer of Longbow Asset Management in Tulsa, Oklahoma. &#34;It&#39;s the uncertainty about the high-water mark for the Fed funds rate. Is it 4.6%, is it 5%? Is it sometime in 2023?&#34;</p><p>Confidence among stock traders was also shaken by dramatic moves in the global foreign exchange market as sterling hit an all-time low on worries that the new British government&#39;s fiscal plan released Friday threatened to stretch the country&#39;s finances.</p><p>That added an extra layer of volatility to markets, where investors are worried about a global recession amid decades-high inflation. The CBOE Volatility index, hovered near three-month highs.</p><p>The Dow is now down 20.5% from its record high close on Jan. 4. According to a widely used definition, ending the session down 20% or more from its record high close confirms the Dow has been in a bear market since hitting its January peak.</p><p>The S&amp;P 500 has yet to drop below its intra-day low on June 17. It is down about 23% so far in 2022.</p><p>In Monday&#39;s session, the Dow Jones Industrial Average fell 1.11% to end at 29,260.81 points, while the S&amp;P 500 lost 1.03% to 3,655.04.</p><p>The Nasdaq Composite dropped 0.6% to 10,802.92.</p><p>Ten of 11 S&amp;P 500s sector indexes fell, led by 2.6% drops in real estate and energy.</p><p>Gains in Amazon and Costco Wholesale Corp helped limit losses in the Nasdaq.</p><p>Shares of casino operators Wynn Resorts, Las Vegas Sands Corp and Melco Resorts &amp; Entertainment jumped between 11.8% and 25.5% after Macau planned to open to mainland Chinese tour groups in November for the first time in almost three years.</p><p>Volume on U.S. exchanges was 11.9 billion shares, compared with the 11.2 billion average for the full session over the last 20 trading days.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 5.37-to-1 ratio; on Nasdaq, a 2.31-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted no new 52-week highs and 120 new lows; the Nasdaq Composite recorded 16 new highs and 594 new lows.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US STOCKS-Wall Street Ends Lower, Dow Confirms Bear Market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS STOCKS-Wall Street Ends Lower, Dow Confirms Bear Market\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\">2022-09-27 07:01</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><ul><li>Fed rate hikes have investors &#39;throwing in the towel&#39;</li><li>Casinos jump as Macau allows tour groups after nearly 3 years</li><li>Indexes: Dow -1.11%, S&amp;P 500 -1.03%, Nasdaq -0.60%</li></ul><p>Sept 26 (Reuters) - Wall Street slid deeper into a bear market on Monday, with the S&amp;P 500 and Dow closing lower as investors fretted that the Federal Reserve&#39;s aggressive campaign against inflation could throw the U.S. economy into a sharp downturn.</p><p>After two weeks of mostly steady losses on the U.S. stock market, the Dow Jones Industrial Average confirmed it has been in a bear market since early January. The S&amp;P 500 index confirmed in June it was in a bear market, and on Monday it ended the session below its mid-June closing low, extending this year&#39;s overall selloff.</p><p>With the Fed signaling last Wednesday that high interest rates could last through 2023, the S&amp;P 500 has relinquished the last of its gains made in a summer rally.</p><p>&#34;Investors are just throwing in the towel,&#34; said Jake Dollarhide, Chief Executive Officer of Longbow Asset Management in Tulsa, Oklahoma. &#34;It&#39;s the uncertainty about the high-water mark for the Fed funds rate. Is it 4.6%, is it 5%? Is it sometime in 2023?&#34;</p><p>Confidence among stock traders was also shaken by dramatic moves in the global foreign exchange market as sterling hit an all-time low on worries that the new British government&#39;s fiscal plan released Friday threatened to stretch the country&#39;s finances.</p><p>That added an extra layer of volatility to markets, where investors are worried about a global recession amid decades-high inflation. The CBOE Volatility index, hovered near three-month highs.</p><p>The Dow is now down 20.5% from its record high close on Jan. 4. According to a widely used definition, ending the session down 20% or more from its record high close confirms the Dow has been in a bear market since hitting its January peak.</p><p>The S&amp;P 500 has yet to drop below its intra-day low on June 17. It is down about 23% so far in 2022.</p><p>In Monday&#39;s session, the Dow Jones Industrial Average fell 1.11% to end at 29,260.81 points, while the S&amp;P 500 lost 1.03% to 3,655.04.</p><p>The Nasdaq Composite dropped 0.6% to 10,802.92.</p><p>Ten of 11 S&amp;P 500s sector indexes fell, led by 2.6% drops in real estate and energy.</p><p>Gains in Amazon and Costco Wholesale Corp helped limit losses in the Nasdaq.</p><p>Shares of casino operators Wynn Resorts, Las Vegas Sands Corp and Melco Resorts &amp; Entertainment jumped between 11.8% and 25.5% after Macau planned to open to mainland Chinese tour groups in November for the first time in almost three years.</p><p>Volume on U.S. exchanges was 11.9 billion shares, compared with the 11.2 billion average for the full session over the last 20 trading days.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 5.37-to-1 ratio; on Nasdaq, a 2.31-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted no new 52-week highs and 120 new lows; the Nasdaq Composite recorded 16 new highs and 594 new lows.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2270268923","content_text":"Fed rate hikes have investors 'throwing in the towel'Casinos jump as Macau allows tour groups after nearly 3 yearsIndexes: Dow -1.11%, S&P 500 -1.03%, Nasdaq -0.60%Sept 26 (Reuters) - Wall Street slid deeper into a bear market on Monday, with the S&P 500 and Dow closing lower as investors fretted that the Federal Reserve's aggressive campaign against inflation could throw the U.S. economy into a sharp downturn.After two weeks of mostly steady losses on the U.S. stock market, the Dow Jones Industrial Average confirmed it has been in a bear market since early January. The S&P 500 index confirmed in June it was in a bear market, and on Monday it ended the session below its mid-June closing low, extending this year's overall selloff.With the Fed signaling last Wednesday that high interest rates could last through 2023, the S&P 500 has relinquished the last of its gains made in a summer rally.\"Investors are just throwing in the towel,\" said Jake Dollarhide, Chief Executive Officer of Longbow Asset Management in Tulsa, Oklahoma. \"It's the uncertainty about the high-water mark for the Fed funds rate. Is it 4.6%, is it 5%? Is it sometime in 2023?\"Confidence among stock traders was also shaken by dramatic moves in the global foreign exchange market as sterling hit an all-time low on worries that the new British government's fiscal plan released Friday threatened to stretch the country's finances.That added an extra layer of volatility to markets, where investors are worried about a global recession amid decades-high inflation. The CBOE Volatility index, hovered near three-month highs.The Dow is now down 20.5% from its record high close on Jan. 4. According to a widely used definition, ending the session down 20% or more from its record high close confirms the Dow has been in a bear market since hitting its January peak.The S&P 500 has yet to drop below its intra-day low on June 17. It is down about 23% so far in 2022.In Monday's session, the Dow Jones Industrial Average fell 1.11% to end at 29,260.81 points, while the S&P 500 lost 1.03% to 3,655.04.The Nasdaq Composite dropped 0.6% to 10,802.92.Ten of 11 S&P 500s sector indexes fell, led by 2.6% drops in real estate and energy.Gains in Amazon and Costco Wholesale Corp helped limit losses in the Nasdaq.Shares of casino operators Wynn Resorts, Las Vegas Sands Corp and Melco Resorts & Entertainment jumped between 11.8% and 25.5% after Macau planned to open to mainland Chinese tour groups in November for the first time in almost three years.Volume on U.S. exchanges was 11.9 billion shares, compared with the 11.2 billion average for the full session over the last 20 trading days.Declining issues outnumbered advancing ones on the NYSE by a 5.37-to-1 ratio; on Nasdaq, a 2.31-to-1 ratio favored decliners.The S&P 500 posted no new 52-week highs and 120 new lows; the Nasdaq Composite recorded 16 new highs and 594 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":40,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9994367513,"gmtCreate":1661566197034,"gmtModify":1676536542793,"author":{"id":"4111809398482662","authorId":"4111809398482662","name":"Great Joy","avatar":"https://community-static.tradeup.com/news/60d4182388f8b85c577b0310c872c28d","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4111809398482662","authorIdStr":"4111809398482662"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9994367513","repostId":"2262977847","repostType":2,"repost":{"id":"2262977847","pubTimestamp":1661561509,"share":"https://ttm.financial/m/news/2262977847?lang=&edition=fundamental","pubTime":"2022-08-27 08:51","market":"us","language":"en","title":"Why Investors Should Ignore the Fed, Interest Rates, and Most News","url":"https://stock-news.laohu8.com/highlight/detail?id=2262977847","media":"TheStreet","summary":"The stock market often makes big moves based on short-term news. When Jerome Powell mentions that in","content":"<html><head></head><body><p>The stock market often makes big moves based on short-term news. When Jerome Powell mentions that interest rates may continue to rise to combat inflation, the Dow and Nasdaq generally drop -- unless they don&#39;t because people expected worse or assume that the news was already priced into the market.</p><p>It&#39;s an inexact science where people make reactionary moves that send markets up or down based on some sort of prevailing wisdom. Basically, people take short-term news and conflate it to have long-term meaning.</p><p>The media -- of which I have been a member for roughly 30 years -- do not generally help calm the short-term hysteria.</p><p>People don&#39;t get paid to go on cable-news channels to express<b> </b>reasoned long-term opinions. They&#39;re supposed to fire off hot takes, which make it seem as if the Fed&#39;s rate move or the monthly jobs number has a huge<b> </b>impact on the stock market.</p><p>In reality, broader economic conditions clearly have an impact on individual stocks, but that&#39;s not nearly as simple as people would have you believe.</p><p>For example, a weakening economy might be worse for <a href=\"https://laohu8.com/S/AAPL\">Apple</a>  because people might be wary of buying expensive new phones. Or the same economy could benefit Apple because consumers will hold back on vacations, new cars, and other expensive purchases and spend on more-affordable luxuries like streaming TV, music, and fitness, or maybe even a new phone, which is a lot cheaper than many vacations.</p><h2>Short-Term Stock Market Moves Don&#39;t Much Matter</h2><p>A lot of people day-trade and try to guess how the market might perform day-to-day or even hour-to-hour. Long-term investors buy good companies and hold them for years. That&#39;s how the average person can build wealth, and it&#39;s a strategy that does not depend on you trying to figure out what Federal Reserve Chairman Jerome Powell&#39;s comment or any Fed move means at a micro level.</p><p>Instead, every news report is a piece of a bigger puzzle. Yes, the country&#39;s long-term financial health tells you things about how various companies will perform, but isolated data points generally mean very little.</p><p>If we go back to looking at Apple, for example, the company&#39;s quarterly earnings reports often show double-digit growth in every category -- and the stock price falls after the report. Sometimes that&#39;s because investors expected more or analysts didn&#39;t like the outlook management described. But you can&#39;t judge companies based on one quarter.</p><p>When you assess an earnings report, you have to compare it with the company&#39;s long-term road map. Did Apple, for example, grow service revenue, something the tech giant has been working on for years? Are long-term sales goals being met even if they&#39;re not happening in exactly the way the company thought they might?</p><p>For example, when Apple introduces the new iPhone, in September, sales may be front-loaded or people may wait a few weeks, until the holiday season, before they buy. In a broader sense, many customers may wait until their current phone gets paid off. It&#39;s a 12-month cycle where the destination, not how you get there, matters.</p><h2>So Much Noise, So Little News</h2><p>It&#39;s a 24-hour/7-day-a-week news cycle, and media outlets tied to that wheel can&#39;t tell you that what&#39;s happening in the moment is one data point of many, not a meaningful, actionable item on its own.</p><p>Higher interest rates, for example, mean higher mortgage rates, which in turn could slow the housing market and bring prices down (or at least slow their growth).</p><p>That&#39;s not a simple equation. Cheaper sale prices with higher mortgage rates might increase affordability for buyers but they also slow wealth creation for sellers.</p><p>Both are interesting data points when you look at lots of different stocks, but evaluating a company&#39;s prospects is much more about how its management executes a plan while adjusting for economic conditions.</p><p><a href=\"https://laohu8.com/S/PTON\">Peloton</a> and <a href=\"https://laohu8.com/S/NFLX\">Netflix</a>, for example, have taken very different approaches to the end of the pandemic-driven boom.</p><p>Netflix always talked about how it was pulling growth forward, warning that at some point there would be quarters with slight drops. The company explained how it would get more efficient with its content spending and focus on new areas like video games to drive growth.</p><p>You can believe that strategy will work -- I&#39;m bullish on more focused content spending and I think games are lighting money on fire. But how the company executes on its clearly explained strategy means a lot more to its future than an interest rate move or whether <a href=\"https://laohu8.com/S/DIS\">Disney</a> has an Avengers movie in theaters at this exact moment.</p><p>Peloton, for its part, has never really articulated a plan for a return to growth after the pandemic pushed forward its customer acquisition. Yes, the broader economy matters more to Peloton than it does to Netflix, but you should buy, sell, or ignore the company&#39;s stock based on whether you believe in its long-term business plan, not because the cost of financing a bike just got marginally more expensive.</p><p>The media want to keep things simple. That&#39;s why the weatherperson tells you it&#39;s going to snow, how much may fall, and what the temperature will be, not the underlying science that leads to those things happening.</p><p>It&#39;s easy to conflate single data points to stock market moves because when we get data, the market moves, but those moves don&#39;t actually speak to long-term performance.</p><p>When you consider investing in a company or selling a stock you own, look at as many data points as you can, and don&#39;t make blanket assumptions that higher interest rates or a weaker economy are bad (or good) for that company.</p><p>Remember that charts, numbers, expert opinions, and everything else are tools to help you understand the bigger picture. No one of them is the last word.</p></body></html>","source":"thestreet_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Investors Should Ignore the Fed, Interest Rates, and Most News</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Investors Should Ignore the Fed, Interest Rates, and Most News\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-27 08:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/investing/why-investors-should-ignore-the-fed-interest-rates-and-most-news><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The stock market often makes big moves based on short-term news. When Jerome Powell mentions that interest rates may continue to rise to combat inflation, the Dow and Nasdaq generally drop -- unless ...</p>\n\n<a href=\"https://www.thestreet.com/investing/why-investors-should-ignore-the-fed-interest-rates-and-most-news\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.thestreet.com/investing/why-investors-should-ignore-the-fed-interest-rates-and-most-news","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2262977847","content_text":"The stock market often makes big moves based on short-term news. When Jerome Powell mentions that interest rates may continue to rise to combat inflation, the Dow and Nasdaq generally drop -- unless they don't because people expected worse or assume that the news was already priced into the market.It's an inexact science where people make reactionary moves that send markets up or down based on some sort of prevailing wisdom. Basically, people take short-term news and conflate it to have long-term meaning.The media -- of which I have been a member for roughly 30 years -- do not generally help calm the short-term hysteria.People don't get paid to go on cable-news channels to express reasoned long-term opinions. They're supposed to fire off hot takes, which make it seem as if the Fed's rate move or the monthly jobs number has a huge impact on the stock market.In reality, broader economic conditions clearly have an impact on individual stocks, but that's not nearly as simple as people would have you believe.For example, a weakening economy might be worse for Apple  because people might be wary of buying expensive new phones. Or the same economy could benefit Apple because consumers will hold back on vacations, new cars, and other expensive purchases and spend on more-affordable luxuries like streaming TV, music, and fitness, or maybe even a new phone, which is a lot cheaper than many vacations.Short-Term Stock Market Moves Don't Much MatterA lot of people day-trade and try to guess how the market might perform day-to-day or even hour-to-hour. Long-term investors buy good companies and hold them for years. That's how the average person can build wealth, and it's a strategy that does not depend on you trying to figure out what Federal Reserve Chairman Jerome Powell's comment or any Fed move means at a micro level.Instead, every news report is a piece of a bigger puzzle. Yes, the country's long-term financial health tells you things about how various companies will perform, but isolated data points generally mean very little.If we go back to looking at Apple, for example, the company's quarterly earnings reports often show double-digit growth in every category -- and the stock price falls after the report. Sometimes that's because investors expected more or analysts didn't like the outlook management described. But you can't judge companies based on one quarter.When you assess an earnings report, you have to compare it with the company's long-term road map. Did Apple, for example, grow service revenue, something the tech giant has been working on for years? Are long-term sales goals being met even if they're not happening in exactly the way the company thought they might?For example, when Apple introduces the new iPhone, in September, sales may be front-loaded or people may wait a few weeks, until the holiday season, before they buy. In a broader sense, many customers may wait until their current phone gets paid off. It's a 12-month cycle where the destination, not how you get there, matters.So Much Noise, So Little NewsIt's a 24-hour/7-day-a-week news cycle, and media outlets tied to that wheel can't tell you that what's happening in the moment is one data point of many, not a meaningful, actionable item on its own.Higher interest rates, for example, mean higher mortgage rates, which in turn could slow the housing market and bring prices down (or at least slow their growth).That's not a simple equation. Cheaper sale prices with higher mortgage rates might increase affordability for buyers but they also slow wealth creation for sellers.Both are interesting data points when you look at lots of different stocks, but evaluating a company's prospects is much more about how its management executes a plan while adjusting for economic conditions.Peloton and Netflix, for example, have taken very different approaches to the end of the pandemic-driven boom.Netflix always talked about how it was pulling growth forward, warning that at some point there would be quarters with slight drops. The company explained how it would get more efficient with its content spending and focus on new areas like video games to drive growth.You can believe that strategy will work -- I'm bullish on more focused content spending and I think games are lighting money on fire. But how the company executes on its clearly explained strategy means a lot more to its future than an interest rate move or whether Disney has an Avengers movie in theaters at this exact moment.Peloton, for its part, has never really articulated a plan for a return to growth after the pandemic pushed forward its customer acquisition. Yes, the broader economy matters more to Peloton than it does to Netflix, but you should buy, sell, or ignore the company's stock based on whether you believe in its long-term business plan, not because the cost of financing a bike just got marginally more expensive.The media want to keep things simple. That's why the weatherperson tells you it's going to snow, how much may fall, and what the temperature will be, not the underlying science that leads to those things happening.It's easy to conflate single data points to stock market moves because when we get data, the market moves, but those moves don't actually speak to long-term performance.When you consider investing in a company or selling a stock you own, look at as many data points as you can, and don't make blanket assumptions that higher interest rates or a weaker economy are bad (or good) for that company.Remember that charts, numbers, expert opinions, and everything else are tools to help you understand the bigger picture. No one of them is the last word.","news_type":1},"isVote":1,"tweetType":1,"viewCount":37,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9044691742,"gmtCreate":1656738904786,"gmtModify":1676535887989,"author":{"id":"4111809398482662","authorId":"4111809398482662","name":"Great Joy","avatar":"https://community-static.tradeup.com/news/60d4182388f8b85c577b0310c872c28d","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4111809398482662","authorIdStr":"4111809398482662"},"themes":[],"htmlText":"I have lost&nbsp;to scammers 2022 [Cry]&nbsp;[Cry]&nbsp;[Cry]&nbsp;","listText":"I have lost&nbsp;to scammers 2022 [Cry]&nbsp;[Cry]&nbsp;[Cry]&nbsp;","text":"I have lost to scammers 2022 [Cry] [Cry] [Cry]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":1,"link":"https://ttm.financial/post/9044691742","isVote":1,"tweetType":1,"viewCount":586,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9989972302,"gmtCreate":1665894656206,"gmtModify":1676537676979,"author":{"id":"4111809398482662","authorId":"4111809398482662","name":"Great Joy","avatar":"https://community-static.tradeup.com/news/60d4182388f8b85c577b0310c872c28d","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4111809398482662","authorIdStr":"4111809398482662"},"themes":[],"htmlText":"Thanks&nbsp;","listText":"Thanks&nbsp;","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9989972302","repostId":"2275950254","repostType":4,"repost":{"id":"2275950254","pubTimestamp":1665889595,"share":"https://ttm.financial/m/news/2275950254?lang=&edition=fundamental","pubTime":"2022-10-16 11:06","market":"us","language":"en","title":"Netflix: Does The Reward Outweigh The Risk?","url":"https://stock-news.laohu8.com/highlight/detail?id=2275950254","media":"Seeking Alpha","summary":"SummaryNetflix's business relies the most on subscriber growth, engaging content, and no competition","content":"<html><head></head><body><h2>Summary</h2><ul><li>Netflix&#39;s business relies the most on subscriber growth, engaging content, and no competition around.</li><li>The walls of Netflix&#39;s streaming kingdom have been cracking.</li><li>How long the business model can be sustainable with the industry going in the current direction?</li><li>Netflix is introducing ads to its platform, closing the door on password sharing, and keeps investing in content. It can also increase subscription fees which will drive its revenues higher.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6a83081a57cd588edb17a0e2f06bc272\" tg-width=\"1080\" tg-height=\"720\" width=\"100%\" height=\"auto\"/><span>hapabapa</span></p><p>Netflix (NASDAQ:NFLX) changed the way we watch and gave viewers freedom of when and how to consume movies and shows. The company evolved from a firm that shipped DVDs to its customers, to a streaming service giant with over 209million subscribers in more than 190 countries. It worked perfectly for years and investors were handsomely rewarded until the first competitors started to emerge, combined with a global economical weakness.</p><p>The company is one of the five FAANG behemoths that have ruled the broadly understood technology space which has been also reflected in its stock price. Interestingly, Netflix was the one that massively outperformed the rest of the group hitting almost 5000% in price appreciation in the 10-year period before the sudden drop that happened this year.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2c762bd547573c48c8bcd2a2f3eea650\" tg-width=\"640\" tg-height=\"222\" width=\"100%\" height=\"auto\"/><span>Price Return of the FAANG stocks over the last decade (Seeking Alpha)</span></p><p>Each of the FAANG companies has seen rapid revenue growth and some of them could compete for the best balance sheet in the world with significant cash reserves, solid margins, excellent returns on invested capital, consistent free cash flow, or ongoing share buyback programs. Unfortunately, Netflix can&#39;t brag about some of these. However, after the share price collapse the business might be an interesting pick when considering the Netflix brand, the number of active subscribers, the broad offering, and the recent moves made by the company that should be reflected in growing revenues.</p><p>The purpose of the article is to analyze the company from a value perspective, with a focus on risk, the margin of safety, and the long-term outlook for the business. In the process following questions should be answered.</p><p>1. Is the business model simple to understand?</p><p>2. Is it a <b>great</b> business?</p><p>3. What is the worst-case scenario for the company?</p><p>4. Is the business selling for a fair price?</p><p>5. Does the reward outweigh the risk and does the company qualify for purchase upon thorough analysis?</p><p>Answering these questions will help the reader to decide whether Netflix trades for a reasonable price and whether the company qualifies as a sound investment for the long term.</p><h2>The Moat</h2><p>Netflix has undoubtedly a very simple business model that is easy to understand. Nevertheless, a closer look should be given at the moat that the company has. Competitive advantage, also called a moat, is an essential part of an investment thesis. A moat can differentiate a good business from a great business. It gives the enterprise a sort of protection making it almost untouchable from the competition. It basically lets the company operate with little to no concern about its superiority and longevity. A great example of a business with such a moat is Disney (DIS) which happens to be a direct competitor of Netflix. In the article from January 11th, 2022, I contrasted both companies in terms of the moat as follows:</p><blockquote>However, if both companies were compared from a bigger perspective disregarding the financials and short-term sentiment, the following situation could be pictured to understand the fundamental difference between Disney and Netflix or in fact, any other competitor. Let&#39;s imagine that there are two companies with equally competent management. Both can be provided with all the funds they would need to grow their business. Each company is assigned a mission: one would have to dethrone Netflix as a leading streaming platform and the other - Disney. What might quickly become obvious is that no money in the World might help the second company to beat Disney at its game. The moat Disney has created over the century is something unique, which a long-term investor should be appealed to.</blockquote><p>These two businesses started being compared around the time Disney launched its direct-to-consumer (DTC) segment in December 2019. Since then, Amazon (AMZN) with its Amazon Prime, Apple (AAPL) with Apple+, Warner Bros. Discovery (WBD) with HBO Max, Paramount (PARA) with its Paramount+, and more players started flooding the market with their new offerings, and expanding libraries. Having an apparently narrow moat led to cracks in the walls of Netflix&#39;s streaming kingdom until the judgment day came when the company announced its earnings for the Q4 FY 2021 and the share price tumbled 20% on slowing subscriber growth. Over time it hit the bottom at $162.71 and it&#39;s currently trading at $221.68, far from the 52-week-high of <b>$700.99</b>. In addition, equity markets and macro economical environment have been weak for almost a year which makes investors even more hesitant to bet on Netflix. With competition posing a real threat to the company&#39;s business model, the streaming giant found itself in a very uncomfortable situation.</p><h2>Mounting Hurdles</h2><p>The company&#39;s narrowing moat has been exposed in recent years as its competitors started to withdraw from licensing its productions to Netflix. Instead, they could include them in their own streaming libraries and draw customers to alternative streaming platforms. At this point, Netflix has no bargaining power and the only thing it can do is to offer more money for the rights to include movies or shows in its libraries. Criminal Minds, the most-watched Netflix show in 2021, was pulled from Netflix and moved to Paramount+. Several Marvel productions also left Netflix and are now available on Disney+. The most-streamed show in 2020 on Netflix in the USA - The Office was removed from the platform as well. These are just a few examples of major content losses the company has experienced.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0a45fc12ac7e1b62982c434448d2f4ef\" tg-width=\"1280\" tg-height=\"720\" width=\"100%\" height=\"auto\"/><span>Pictured: After, The Amazing Spider-Man, Schitt&#39;s Creek, Hemlock Grove (whats-on-netflix.com)</span></p><p>Just in October 2022, there are <b>152 shows</b> and <b>movies</b> leaving Netflix! Among those are timeless movie creations such as I Am Legend (2007), Once Upon a Time in America (1984), Troy (2004), Full Metal Jacket (1987), and many more. Of course, the company constantly adds content. Just this month 143 positions are being added, as many as 90 of which are made by Netflix. An investor should ask himself if this is the right strategy and if the business model can be sustainable with the developments going in this direction.</p><p>A natural move for Netflix and seemingly the only chance to be less dependent on other studios was to focus at some point on original content. In 2016 2.6% of the whole content was original, while 97.4% was licensed. A shift in focus led to a drastic change in proportions where currently 50.7% of the films on Netflix are original productions. It has resulted in ballooning content costs which increased by 17.54% CAGR between 2018 and 2021. Expenses on produced content more than quadrupled from $1.02 billion in 2018 to $4.18 billion in 2021 in the same period of time. Unfortunately, these exponential cost hikes don&#39;t translate into subscriber growth which has been a key metric to value the company till recently. To keep viewers on its platform and gain significant numbers of new ones, Netflix would need shows like Squid Game much more often. Sad truth is that the originals have been far from high-quality in most cases. I touched on this matter in the article from January 11th, 2021</p><blockquote>On the other hand, there are many Netflix Originals that are terrible in terms of quality. Sadly, some of them rank below any current cinematographic standards.</blockquote><p>Contrasting Netflix with HBO Max, one can conclude that an HBO logo by the movie titles has always stood for the high-quality and best cinematographic experience. With Netflix originals, it looks quite the opposite. Before clicking Play, it&#39;d be wise to double-check the ratings and reviews to save an hour or more of poor entertainment.</p><p>Disney launched its streaming platform at the perfect moment, which was two months before the pandemic started and people got locked at home watching movies and playing computer games. It&#39;s been less than three years and Disney with its Disney+, Hulu and ESPN+ overtook Netflix in terms of subscribers number.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ef60fb1f79dd61e80f87b7442fcf7d49\" tg-width=\"640\" tg-height=\"373\" width=\"100%\" height=\"auto\"/><span>Number of Subscribers: Disney vs. Netflix (genuineimpact)</span></p><p>This should have been one of the few crucial moments for anybody invested in Netflix to revisit the investment thesis and thoroughly think about the outlook of the company.</p><h2>Valuation</h2><p>There are plenty of valuation methods that can be used when valuing a company. Discounted earnings or discounted cash flow models are among the most popular ones. The value of a productive asset such as a business is in fact expressed by the present value of its all future cash flows. In the long run, however, earnings should match the free cash flow generated by the company. And here is the first red light when looking at Netflix financials.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/515c803bc1bbdce44b1a7ac0a8d38c8d\" tg-width=\"920\" tg-height=\"217\" width=\"100%\" height=\"auto\"/><span>Source: Author, with data from Seeking Alpha</span></p><p>The table below compares earnings per share (EPS) and free cash flow per share (FCF) over the last ten years. Thanks to the accounting technique called amortization, Netflix has made its earnings look very pretty. However, what really stands for the strength of a business is the free cash flow it generates over a long period of time. It&#39;s calculated in most cases as cash from operations minus capital expenditures. In the case of Netflix, it&#39;s very disturbing that there was no single year except for the year of the pandemic when Netflix had a positive free cash flow. The reason for this unbelievable cash drainage is again - content spending.</p><p><img src=\"https://static.tigerbbs.com/691577b13c22cb86115021e524384592\" tg-width=\"640\" tg-height=\"347\" width=\"100%\" height=\"auto\"/></p><p>Over the last three years, Netflix has spent substantial amounts of money on content, a big part of which is being amortized, which means that the loan payments are spread out over time. The management refers to it in the annual report:</p><blockquote>On average, over 90% of a licensed or produced content asset is expected to be amortized within four years after its month of first availability. The Company reviews factors impacting the amortization of the content assets on an ongoing basis. The Company&#39;s estimates related to these factors require considerable management judgment.</blockquote><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c4ed98a20a74798e8e324404bf4608f5\" tg-width=\"640\" tg-height=\"404\" width=\"100%\" height=\"auto\"/><span>Comparison of Netflix cash and debt positions (Author&#39;s diagram based on Seeking Alpha data)</span></p><p>As one can see, the issue with disproportional cash outflow and mounting debt, partially covered by the amortization of the content assets started in 2016 when the management decided to shift its focus to original content production. Since then the spiral of rising liabilities has been accelerating and currently, Netflix&#39;s total debt is 3 times higher than its total cash including short-term investments. Besides that, the company&#39;s Current Ratio and Quick Ratio which represent ratios of the total assets to total liabilities and current assets to current liabilities respectively, are below 1, which also indicates a mounting debt burden.</p><p>Since using a discounted cash flow method isn&#39;t possible due to the negative and unpredictable free cash flow, one can get a sense of Netflix&#39;s value with help of other methods.</p><p>A suitable method in this situation would be Discounted Earnings Model, where earnings growth is projected over the next ten years and a present value of all the future earnings is calculated.</p><p><b>Scenario 1</b></p><p>In the first scenario, Netflix&#39;s earnings growth outlook is at 23.3% in the first five years, as projected by Seeking Alpha. It was assumed that in the following years, growth will be half as high.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a51dd35927821d8fdb2c477cb1bee50f\" tg-width=\"640\" tg-height=\"513\" width=\"100%\" height=\"auto\"/><span>Discounted Earnings Model - Scenario 1 (Author&#39;s Calculation)</span></p><p>Assuming 10% as a discount rate and a 16% margin of safety (calculated in reference to the strength of the short-term and long-term health of the company), a fair price per share comes at $382.94. The result suggests that Netflix is a tremendous deal and a heavily undervalued asset being on sale. Of course, calculated fair share price depends on several factors. However, what should be considered with great caution are growth estimates. In the current environment with challenges Netflix has to face, a 23.3% earnings growth CAGR over five years might be very difficult to achieve.</p><p><b>Scenario 2</b></p><p>In Scenario 2, growth in the first five years was lowered to 11.7% and it&#39;s assumed it&#39;ll decrease to 5.8% CAGR in the following years before reaching perpetual growth of 2%.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/07a0872bcbf88f08c8745fdb1b4c8c58\" tg-width=\"640\" tg-height=\"513\" width=\"100%\" height=\"auto\"/><span>Discounted Earnings Model - Scenario 2 (Author&#39;s Calculation)</span></p><p>The fair price of the business with such assumptions is substantially lower, as expected. However, these projections are supposed to take into account all the mentioned obstacles that Netflix faces. The projections are conservative, but the down risk is substantially limited by applying such growth values into the model. Assuming, that Scenario 2 is the preferable one for a conservative investor, Netflix has still room to fall in order to become an interesting investment choice.</p><h2>Conclusion</h2><p>Netflix is introducing ads to its platform ($6.99 for the ad-supported tier), closing the door on password sharing, and keeps investing in content. It can also increase subscription fees which will drive its revenues higher. There are probably more ways the company can get back to growth. If some of these growth drivers start materializing, the investment thesis can be revisited with more promising projections. Nevertheless, what the business relies on the most has been subscriber growth, engaging content, and no competition around. This has changed dramatically over the last years and the results could be seen in recent months. At some point, the company also has to start generating free cash flow. It didn&#39;t happen in the years of prosperity and it will be even more difficult in the bad years. Value investors may want to follow one of the investing principles shared by Charlie Munger - Vice President of Berkshire Hathaway (BRK.A):</p><blockquote>A great business at a fair price is superior to a fair business at a great price.</blockquote><p>One of the conclusions drawn from this article shall be that Netflix is not a great business. Thus it&#39;s better to stay away from it when considering a long-term, low-risk, high-reward investment. It doesn&#39;t mean that the stock price will not go up or not overperform the market or other equities over periods of time. It means that the risk of the business losing its position (which has already happened) is not low enough compared to the reward the investment may bring over a long period of time which should be at least 10 years.</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>Netflix: Does The Reward Outweigh The Risk?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNetflix: Does The Reward Outweigh The Risk?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-16 11:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4546657-netflix-does-reward-outweigh-risk><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryNetflix's business relies the most on subscriber growth, engaging content, and no competition around.The walls of Netflix's streaming kingdom have been cracking.How long the business model can ...</p>\n\n<a href=\"https://seekingalpha.com/article/4546657-netflix-does-reward-outweigh-risk\">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://seekingalpha.com/article/4546657-netflix-does-reward-outweigh-risk","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2275950254","content_text":"SummaryNetflix's business relies the most on subscriber growth, engaging content, and no competition around.The walls of Netflix's streaming kingdom have been cracking.How long the business model can be sustainable with the industry going in the current direction?Netflix is introducing ads to its platform, closing the door on password sharing, and keeps investing in content. It can also increase subscription fees which will drive its revenues higher.hapabapaNetflix (NASDAQ:NFLX) changed the way we watch and gave viewers freedom of when and how to consume movies and shows. The company evolved from a firm that shipped DVDs to its customers, to a streaming service giant with over 209million subscribers in more than 190 countries. It worked perfectly for years and investors were handsomely rewarded until the first competitors started to emerge, combined with a global economical weakness.The company is one of the five FAANG behemoths that have ruled the broadly understood technology space which has been also reflected in its stock price. Interestingly, Netflix was the one that massively outperformed the rest of the group hitting almost 5000% in price appreciation in the 10-year period before the sudden drop that happened this year.Price Return of the FAANG stocks over the last decade (Seeking Alpha)Each of the FAANG companies has seen rapid revenue growth and some of them could compete for the best balance sheet in the world with significant cash reserves, solid margins, excellent returns on invested capital, consistent free cash flow, or ongoing share buyback programs. Unfortunately, Netflix can't brag about some of these. However, after the share price collapse the business might be an interesting pick when considering the Netflix brand, the number of active subscribers, the broad offering, and the recent moves made by the company that should be reflected in growing revenues.The purpose of the article is to analyze the company from a value perspective, with a focus on risk, the margin of safety, and the long-term outlook for the business. In the process following questions should be answered.1. Is the business model simple to understand?2. Is it a great business?3. What is the worst-case scenario for the company?4. Is the business selling for a fair price?5. Does the reward outweigh the risk and does the company qualify for purchase upon thorough analysis?Answering these questions will help the reader to decide whether Netflix trades for a reasonable price and whether the company qualifies as a sound investment for the long term.The MoatNetflix has undoubtedly a very simple business model that is easy to understand. Nevertheless, a closer look should be given at the moat that the company has. Competitive advantage, also called a moat, is an essential part of an investment thesis. A moat can differentiate a good business from a great business. It gives the enterprise a sort of protection making it almost untouchable from the competition. It basically lets the company operate with little to no concern about its superiority and longevity. A great example of a business with such a moat is Disney (DIS) which happens to be a direct competitor of Netflix. In the article from January 11th, 2022, I contrasted both companies in terms of the moat as follows:However, if both companies were compared from a bigger perspective disregarding the financials and short-term sentiment, the following situation could be pictured to understand the fundamental difference between Disney and Netflix or in fact, any other competitor. Let's imagine that there are two companies with equally competent management. Both can be provided with all the funds they would need to grow their business. Each company is assigned a mission: one would have to dethrone Netflix as a leading streaming platform and the other - Disney. What might quickly become obvious is that no money in the World might help the second company to beat Disney at its game. The moat Disney has created over the century is something unique, which a long-term investor should be appealed to.These two businesses started being compared around the time Disney launched its direct-to-consumer (DTC) segment in December 2019. Since then, Amazon (AMZN) with its Amazon Prime, Apple (AAPL) with Apple+, Warner Bros. Discovery (WBD) with HBO Max, Paramount (PARA) with its Paramount+, and more players started flooding the market with their new offerings, and expanding libraries. Having an apparently narrow moat led to cracks in the walls of Netflix's streaming kingdom until the judgment day came when the company announced its earnings for the Q4 FY 2021 and the share price tumbled 20% on slowing subscriber growth. Over time it hit the bottom at $162.71 and it's currently trading at $221.68, far from the 52-week-high of $700.99. In addition, equity markets and macro economical environment have been weak for almost a year which makes investors even more hesitant to bet on Netflix. With competition posing a real threat to the company's business model, the streaming giant found itself in a very uncomfortable situation.Mounting HurdlesThe company's narrowing moat has been exposed in recent years as its competitors started to withdraw from licensing its productions to Netflix. Instead, they could include them in their own streaming libraries and draw customers to alternative streaming platforms. At this point, Netflix has no bargaining power and the only thing it can do is to offer more money for the rights to include movies or shows in its libraries. Criminal Minds, the most-watched Netflix show in 2021, was pulled from Netflix and moved to Paramount+. Several Marvel productions also left Netflix and are now available on Disney+. The most-streamed show in 2020 on Netflix in the USA - The Office was removed from the platform as well. These are just a few examples of major content losses the company has experienced.Pictured: After, The Amazing Spider-Man, Schitt's Creek, Hemlock Grove (whats-on-netflix.com)Just in October 2022, there are 152 shows and movies leaving Netflix! Among those are timeless movie creations such as I Am Legend (2007), Once Upon a Time in America (1984), Troy (2004), Full Metal Jacket (1987), and many more. Of course, the company constantly adds content. Just this month 143 positions are being added, as many as 90 of which are made by Netflix. An investor should ask himself if this is the right strategy and if the business model can be sustainable with the developments going in this direction.A natural move for Netflix and seemingly the only chance to be less dependent on other studios was to focus at some point on original content. In 2016 2.6% of the whole content was original, while 97.4% was licensed. A shift in focus led to a drastic change in proportions where currently 50.7% of the films on Netflix are original productions. It has resulted in ballooning content costs which increased by 17.54% CAGR between 2018 and 2021. Expenses on produced content more than quadrupled from $1.02 billion in 2018 to $4.18 billion in 2021 in the same period of time. Unfortunately, these exponential cost hikes don't translate into subscriber growth which has been a key metric to value the company till recently. To keep viewers on its platform and gain significant numbers of new ones, Netflix would need shows like Squid Game much more often. Sad truth is that the originals have been far from high-quality in most cases. I touched on this matter in the article from January 11th, 2021On the other hand, there are many Netflix Originals that are terrible in terms of quality. Sadly, some of them rank below any current cinematographic standards.Contrasting Netflix with HBO Max, one can conclude that an HBO logo by the movie titles has always stood for the high-quality and best cinematographic experience. With Netflix originals, it looks quite the opposite. Before clicking Play, it'd be wise to double-check the ratings and reviews to save an hour or more of poor entertainment.Disney launched its streaming platform at the perfect moment, which was two months before the pandemic started and people got locked at home watching movies and playing computer games. It's been less than three years and Disney with its Disney+, Hulu and ESPN+ overtook Netflix in terms of subscribers number.Number of Subscribers: Disney vs. Netflix (genuineimpact)This should have been one of the few crucial moments for anybody invested in Netflix to revisit the investment thesis and thoroughly think about the outlook of the company.ValuationThere are plenty of valuation methods that can be used when valuing a company. Discounted earnings or discounted cash flow models are among the most popular ones. The value of a productive asset such as a business is in fact expressed by the present value of its all future cash flows. In the long run, however, earnings should match the free cash flow generated by the company. And here is the first red light when looking at Netflix financials.Source: Author, with data from Seeking AlphaThe table below compares earnings per share (EPS) and free cash flow per share (FCF) over the last ten years. Thanks to the accounting technique called amortization, Netflix has made its earnings look very pretty. However, what really stands for the strength of a business is the free cash flow it generates over a long period of time. It's calculated in most cases as cash from operations minus capital expenditures. In the case of Netflix, it's very disturbing that there was no single year except for the year of the pandemic when Netflix had a positive free cash flow. The reason for this unbelievable cash drainage is again - content spending.Over the last three years, Netflix has spent substantial amounts of money on content, a big part of which is being amortized, which means that the loan payments are spread out over time. The management refers to it in the annual report:On average, over 90% of a licensed or produced content asset is expected to be amortized within four years after its month of first availability. The Company reviews factors impacting the amortization of the content assets on an ongoing basis. The Company's estimates related to these factors require considerable management judgment.Comparison of Netflix cash and debt positions (Author's diagram based on Seeking Alpha data)As one can see, the issue with disproportional cash outflow and mounting debt, partially covered by the amortization of the content assets started in 2016 when the management decided to shift its focus to original content production. Since then the spiral of rising liabilities has been accelerating and currently, Netflix's total debt is 3 times higher than its total cash including short-term investments. Besides that, the company's Current Ratio and Quick Ratio which represent ratios of the total assets to total liabilities and current assets to current liabilities respectively, are below 1, which also indicates a mounting debt burden.Since using a discounted cash flow method isn't possible due to the negative and unpredictable free cash flow, one can get a sense of Netflix's value with help of other methods.A suitable method in this situation would be Discounted Earnings Model, where earnings growth is projected over the next ten years and a present value of all the future earnings is calculated.Scenario 1In the first scenario, Netflix's earnings growth outlook is at 23.3% in the first five years, as projected by Seeking Alpha. It was assumed that in the following years, growth will be half as high.Discounted Earnings Model - Scenario 1 (Author's Calculation)Assuming 10% as a discount rate and a 16% margin of safety (calculated in reference to the strength of the short-term and long-term health of the company), a fair price per share comes at $382.94. The result suggests that Netflix is a tremendous deal and a heavily undervalued asset being on sale. Of course, calculated fair share price depends on several factors. However, what should be considered with great caution are growth estimates. In the current environment with challenges Netflix has to face, a 23.3% earnings growth CAGR over five years might be very difficult to achieve.Scenario 2In Scenario 2, growth in the first five years was lowered to 11.7% and it's assumed it'll decrease to 5.8% CAGR in the following years before reaching perpetual growth of 2%.Discounted Earnings Model - Scenario 2 (Author's Calculation)The fair price of the business with such assumptions is substantially lower, as expected. However, these projections are supposed to take into account all the mentioned obstacles that Netflix faces. The projections are conservative, but the down risk is substantially limited by applying such growth values into the model. Assuming, that Scenario 2 is the preferable one for a conservative investor, Netflix has still room to fall in order to become an interesting investment choice.ConclusionNetflix is introducing ads to its platform ($6.99 for the ad-supported tier), closing the door on password sharing, and keeps investing in content. It can also increase subscription fees which will drive its revenues higher. There are probably more ways the company can get back to growth. If some of these growth drivers start materializing, the investment thesis can be revisited with more promising projections. Nevertheless, what the business relies on the most has been subscriber growth, engaging content, and no competition around. This has changed dramatically over the last years and the results could be seen in recent months. At some point, the company also has to start generating free cash flow. It didn't happen in the years of prosperity and it will be even more difficult in the bad years. Value investors may want to follow one of the investing principles shared by Charlie Munger - Vice President of Berkshire Hathaway (BRK.A):A great business at a fair price is superior to a fair business at a great price.One of the conclusions drawn from this article shall be that Netflix is not a great business. Thus it's better to stay away from it when considering a long-term, low-risk, high-reward investment. It doesn't mean that the stock price will not go up or not overperform the market or other equities over periods of time. It means that the risk of the business losing its position (which has already happened) is not low enough compared to the reward the investment may bring over a long period of time which should be at least 10 years.","news_type":1},"isVote":1,"tweetType":1,"viewCount":321,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9982002480,"gmtCreate":1667031988840,"gmtModify":1676537852491,"author":{"id":"4111809398482662","authorId":"4111809398482662","name":"Great Joy","avatar":"https://community-static.tradeup.com/news/60d4182388f8b85c577b0310c872c28d","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4111809398482662","authorIdStr":"4111809398482662"},"themes":[],"htmlText":"Thanks&nbsp;","listText":"Thanks&nbsp;","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9982002480","repostId":"1148576482","repostType":4,"repost":{"id":"1148576482","pubTimestamp":1667099454,"share":"https://ttm.financial/m/news/1148576482?lang=&edition=fundamental","pubTime":"2022-10-30 11:10","market":"us","language":"en","title":"The 7 Best Tech Stocks to Buy in November","url":"https://stock-news.laohu8.com/highlight/detail?id=1148576482","media":"InvestorPlace","summary":"These best tech stocks to buy all feature low risk and deep discounts.Nvidia(NVDA): Shares appear si","content":"<html><head></head><body><ul><li>These best tech stocks to buy all feature low risk and deep discounts.</li><li><b>Nvidia</b>(<b>NVDA</b>): Shares appear significantly undervalued following a steep sell-off.</li><li><b>Adobe</b>(<b>ADBE</b>): Its income-statement performance is impressive.</li><li><b>Intel</b>(<b>INTC</b>): Shares look compelling at this deeply discounted price.</li><li><b>Taiwan Semiconductor</b>(<b>TSM</b>): It’s a profit-generating machine.</li><li><b>Applied Materials</b>(<b>AMAT</b>): Its returns on equity and assets are among the best in the chip industry.</li><li><b>Lam Research</b>(<b>LRCX</b>): Its ROE and ROA are even better than those of Applied Materials.</li><li><b>NXP Semiconductors</b>(<b>NXPI</b>): It’s perhaps the riskiest of the bunch but may offer greater rewards.</li></ul><p>Tech stocks have suffered disproportionately in the current bear market, as they tend to do in every bear market. But the bullish long-term bias of the market tells us that stocks will almost certainly resume their uptrend. When they do, nearly all tech stocks should bounce to some extent, but the best tech stocks could soar.</p><p>Historically, the broader market tends to perform well during the November-to-April timespan. Of course, this is no guarantee for success. Still, it adds a powerful backdrop for those looking to put capital to work in one of the more speculative sectors of the market.</p><p>In searching for the best tech stocks to buy, we’re sticking with financial data. Leveraging the analytical tools ofGuruFocus.com, the below equities all feature fundamentally low risk and discounted prices.</p><p>Here are the best tech stocks to buy in November.</p><p><b>Nvidia (NVDA)</b></p><p>A multinational technology firm, <b>Nvidia</b>(NASDAQ:<b>NVDA</b>) primarily garnered attention through its specialty in graphics processing units. However, the company also made significant investments in deep learning and protocols involving artificial intelligence. Currently, the company commands a market capitalization of $345 billion. On a year-to-date basis, NVDA is down 53%.</p><p>Despite the steep losses, contrarian investors should consider gradually picking up shares.<i>GuruFocus</i> utilizes proprietary calculations to determine that NVDA stock is significantly undervalued. Based on more traditional metrics, Nvidia features excellent income-statement performance figures. For instance, the company’s three-year revenue growth rate stands at 31.3%. Its book growth rate during the aforementioned period hit 40.2%. Both stats rank at least near the 90th percentile for the industry. On the bottom line, Nvidia carries a net margin of 26%. This ranks above 87% of the competition.</p><p>To top it off, NVDA is tethered to a strong balance sheet. Mainly, its Altman Z-Score is a lofty 12 points, reflecting extremely low bankruptcy risk. Thus, NVDA easily ranks among the best tech stocks to buy in November.</p><p><b>Adobe (ADBE)</b></p><p><b>Adobe</b>(NASDAQ:<b>ADBE</b>) is a software company that mainly aligns with creatives. Historically, it’s known for the creation and publication of a wide range of content, including graphics, photography, illustration, animation, multimedia/video, motion pictures and print. Currently, Adobe carries a market cap of $151 billion after slipping 43% year to date.</p><p>Again, based on<i>GuruFocus’</i>proprietary metrics, Adobe rates as significantly undervalued. One traditional metric regarding valuation to consider is its price-earnings-growth ratio of 1.09. This rates favorably below the industry median of 1.4 times.</p><p>However, Adobe draws the most attention for its income statement-related performance. For example, the company’s three-year revenue growth rate and free cash flow growth rate stand at 21.9% and 23.7%, respectively. Both figures rank conspicuously above sector averages.</p><p>On the bottom line, Adobe carries a net margin of 28%, well above the industry median of 1.9%. Throw in a stable balance sheet and you have another solid candidate for best tech stocks to buy in November.</p><p><b>Intel (INTC)</b></p><p>One of the powerhouses in the semiconductor industry, <b>Intel</b>(NASDAQ:<b>INTC</b>) represents the world’s second-largest semiconductor chip manufacturer by revenue. Per its corporate profile, it’s also one of the developers of the x86 series of instruction sets, the instruction sets found in most personal computers. Presently, INTC commands a market cap of $119 billion and is down 44% for the year.</p><p>Despite sharp losses, INTC is among the best tech stocks to buy in November. Notably, INTC is significantly undervalued based on traditional metrics. Its forward P/E ratio is 10.1, below the industry median of 13.7. Also, its Shiller P/E ratio is 7.6, below the sector median of nearly 24.</p><p>On the income statement, Intel features an overall solid profile. Its three-year book growth rate stands at 12.4%, above 61.5% of the competition. For net margin, it hit 26%, better than 87% of its peers.</p><p><b>Taiwan Semiconductor (TSM)</b></p><p>A multinational semiconductor firm, <b>Taiwan Semiconductor</b> (NYSE:<b>TSM</b>) represents the world’s most valuable semiconductor company, the world’s largest dedicated independent semiconductor foundry, and one of Taiwan’s largest companies, per its public profile. Presently, TSM commands a market cap of nearly $322 billion and is down 48% year to date.</p><p>Despite the severe erosion of equity value, TSM ranks among the best tech stocks to buy in November for contrarians. Per<i>GuruFocus</i>, TSM is significantly undervalued. The company’s forward P/E ratio is 10.9 is below the industry median of 13.7. Also, its price-to-owner earnings ratio is 10.5, below the industry median of 16.1.</p><p>Primarily, though, TSM is all about its profitability machine. Gross, operating and net margins hit 55%, 44.7% and 40.6% respectively. Each of these metrics was well above sector median levels. As well, TSM enjoys solid growth figures, with its three-year revenue growth rate coming in at 15.5%. This ranks above 68.5% of the competition.</p><p><b>Applied Materials (AMAT)</b></p><p><b>Applied Materials</b>(NASDAQ:<b>AMAT</b>) represents the leader in materials engineering solutions used to produce virtually every new chip and advanced display in the world, per its website. Currently, Applied Materials features a market cap of $77 billion, and the stock is down 43% year to date.</p><p>Per<i>GuruFocus</i>, AMAT stock is significantly undervalued. A notable standout in terms of traditional metrics is its PEG ratio of 0.56. This ranks favorably below the industry median of 0.75.</p><p>Primarily, though, Applied Materials will likely draw attention as one of the best tech stocks to buy in November because of its high-quality business. Specifically, the company’s return on equity and return on assets hit 55.5% and 26.1%, respectively. Both stats rank among the upper echelons of the semiconductor industry.</p><p>To top it off, AMAT features a stable balance sheet. Most prominently, its Altman Z-Score of 7.5 implies low bankruptcy risk.</p><p><b>Lam Research (LRCX)</b></p><p><b>Lam Research</b>(NASDAQ:<b>LRCX</b>) is an American supplier of wafer fabrication equipment and related services to the semiconductor industry. Currently, the company carries a market cap of slightly over $55 billion after falling 44% year to date. The stock’s average daily volume is approximately 1.9 million shares.</p><p>Fundamentally, the case for LRCX as one of the top tech stocks to buy in November is two-fold. First, Lam represents a high-quality business. Its return on equity is a blistering 75.8%. That’s above 99% of the semiconductor industry. As well, the company’s return on assets hit 28.6%, ranking above 97% of its peers.</p><p>Second, Lam enjoys outstanding sales-related performance. For example, its three-year revenue growth rate is 26.6%, better than 84% of the competition. As well, the company’s book growth rate during the same period is 11.9%, better than nearly 60% of its rivals.</p><p><b>NXP Semiconductors (NXPI)</b></p><p>Netherlands-based <b>NXP Semiconductors</b>(NASDAQ:<b>NXPI</b>) is a semiconductor designer and manufacturer. After falling 33% this year, it has a market cap of roughly $40 billion. Average trading volume is around 2.1 million shares a day.</p><p>Interestingly, the YTD performance makes NXP one of the better-performing semiconductor firms. However, that’s not the reason why it’s on this list of best tech stocks to buy in November. Fundamentally, the stock is significantly undervalued based on proprietary calculations. And its forward P/E ratio of 10.6 is below the industry median of 13.7 times.</p><p>The company enjoys substantive profitability margins, including an operating margin of 27%, which ranks above 84% of its peers. It’s also a high-quality business with a return on equity of nearly 36%.</p><p>About the one glaring risk factor is balance sheet stability. Its Altman Z-Score pings at 2.4, which is in a gray zone. However, the higher-risk profile could lead to potentially greater gains.</p></body></html>","source":"investorplace","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 7 Best Tech Stocks to Buy in November</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 7 Best Tech Stocks to Buy in November\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-30 11:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/best-tech-stocks/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>These best tech stocks to buy all feature low risk and deep discounts.Nvidia(NVDA): Shares appear significantly undervalued following a steep sell-off.Adobe(ADBE): Its income-statement performance is ...</p>\n\n<a href=\"https://investorplace.com/best-tech-stocks/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ADBE":"Adobe","INTC":"英特尔","NVDA":"英伟达","TSM":"台积电","LRCX":"拉姆研究","AMAT":"应用材料","NXPI":"恩智浦"},"source_url":"https://investorplace.com/best-tech-stocks/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148576482","content_text":"These best tech stocks to buy all feature low risk and deep discounts.Nvidia(NVDA): Shares appear significantly undervalued following a steep sell-off.Adobe(ADBE): Its income-statement performance is impressive.Intel(INTC): Shares look compelling at this deeply discounted price.Taiwan Semiconductor(TSM): It’s a profit-generating machine.Applied Materials(AMAT): Its returns on equity and assets are among the best in the chip industry.Lam Research(LRCX): Its ROE and ROA are even better than those of Applied Materials.NXP Semiconductors(NXPI): It’s perhaps the riskiest of the bunch but may offer greater rewards.Tech stocks have suffered disproportionately in the current bear market, as they tend to do in every bear market. But the bullish long-term bias of the market tells us that stocks will almost certainly resume their uptrend. When they do, nearly all tech stocks should bounce to some extent, but the best tech stocks could soar.Historically, the broader market tends to perform well during the November-to-April timespan. Of course, this is no guarantee for success. Still, it adds a powerful backdrop for those looking to put capital to work in one of the more speculative sectors of the market.In searching for the best tech stocks to buy, we’re sticking with financial data. Leveraging the analytical tools ofGuruFocus.com, the below equities all feature fundamentally low risk and discounted prices.Here are the best tech stocks to buy in November.Nvidia (NVDA)A multinational technology firm, Nvidia(NASDAQ:NVDA) primarily garnered attention through its specialty in graphics processing units. However, the company also made significant investments in deep learning and protocols involving artificial intelligence. Currently, the company commands a market capitalization of $345 billion. On a year-to-date basis, NVDA is down 53%.Despite the steep losses, contrarian investors should consider gradually picking up shares.GuruFocus utilizes proprietary calculations to determine that NVDA stock is significantly undervalued. Based on more traditional metrics, Nvidia features excellent income-statement performance figures. For instance, the company’s three-year revenue growth rate stands at 31.3%. Its book growth rate during the aforementioned period hit 40.2%. Both stats rank at least near the 90th percentile for the industry. On the bottom line, Nvidia carries a net margin of 26%. This ranks above 87% of the competition.To top it off, NVDA is tethered to a strong balance sheet. Mainly, its Altman Z-Score is a lofty 12 points, reflecting extremely low bankruptcy risk. Thus, NVDA easily ranks among the best tech stocks to buy in November.Adobe (ADBE)Adobe(NASDAQ:ADBE) is a software company that mainly aligns with creatives. Historically, it’s known for the creation and publication of a wide range of content, including graphics, photography, illustration, animation, multimedia/video, motion pictures and print. Currently, Adobe carries a market cap of $151 billion after slipping 43% year to date.Again, based onGuruFocus’proprietary metrics, Adobe rates as significantly undervalued. One traditional metric regarding valuation to consider is its price-earnings-growth ratio of 1.09. This rates favorably below the industry median of 1.4 times.However, Adobe draws the most attention for its income statement-related performance. For example, the company’s three-year revenue growth rate and free cash flow growth rate stand at 21.9% and 23.7%, respectively. Both figures rank conspicuously above sector averages.On the bottom line, Adobe carries a net margin of 28%, well above the industry median of 1.9%. Throw in a stable balance sheet and you have another solid candidate for best tech stocks to buy in November.Intel (INTC)One of the powerhouses in the semiconductor industry, Intel(NASDAQ:INTC) represents the world’s second-largest semiconductor chip manufacturer by revenue. Per its corporate profile, it’s also one of the developers of the x86 series of instruction sets, the instruction sets found in most personal computers. Presently, INTC commands a market cap of $119 billion and is down 44% for the year.Despite sharp losses, INTC is among the best tech stocks to buy in November. Notably, INTC is significantly undervalued based on traditional metrics. Its forward P/E ratio is 10.1, below the industry median of 13.7. Also, its Shiller P/E ratio is 7.6, below the sector median of nearly 24.On the income statement, Intel features an overall solid profile. Its three-year book growth rate stands at 12.4%, above 61.5% of the competition. For net margin, it hit 26%, better than 87% of its peers.Taiwan Semiconductor (TSM)A multinational semiconductor firm, Taiwan Semiconductor (NYSE:TSM) represents the world’s most valuable semiconductor company, the world’s largest dedicated independent semiconductor foundry, and one of Taiwan’s largest companies, per its public profile. Presently, TSM commands a market cap of nearly $322 billion and is down 48% year to date.Despite the severe erosion of equity value, TSM ranks among the best tech stocks to buy in November for contrarians. PerGuruFocus, TSM is significantly undervalued. The company’s forward P/E ratio is 10.9 is below the industry median of 13.7. Also, its price-to-owner earnings ratio is 10.5, below the industry median of 16.1.Primarily, though, TSM is all about its profitability machine. Gross, operating and net margins hit 55%, 44.7% and 40.6% respectively. Each of these metrics was well above sector median levels. As well, TSM enjoys solid growth figures, with its three-year revenue growth rate coming in at 15.5%. This ranks above 68.5% of the competition.Applied Materials (AMAT)Applied Materials(NASDAQ:AMAT) represents the leader in materials engineering solutions used to produce virtually every new chip and advanced display in the world, per its website. Currently, Applied Materials features a market cap of $77 billion, and the stock is down 43% year to date.PerGuruFocus, AMAT stock is significantly undervalued. A notable standout in terms of traditional metrics is its PEG ratio of 0.56. This ranks favorably below the industry median of 0.75.Primarily, though, Applied Materials will likely draw attention as one of the best tech stocks to buy in November because of its high-quality business. Specifically, the company’s return on equity and return on assets hit 55.5% and 26.1%, respectively. Both stats rank among the upper echelons of the semiconductor industry.To top it off, AMAT features a stable balance sheet. Most prominently, its Altman Z-Score of 7.5 implies low bankruptcy risk.Lam Research (LRCX)Lam Research(NASDAQ:LRCX) is an American supplier of wafer fabrication equipment and related services to the semiconductor industry. Currently, the company carries a market cap of slightly over $55 billion after falling 44% year to date. The stock’s average daily volume is approximately 1.9 million shares.Fundamentally, the case for LRCX as one of the top tech stocks to buy in November is two-fold. First, Lam represents a high-quality business. Its return on equity is a blistering 75.8%. That’s above 99% of the semiconductor industry. As well, the company’s return on assets hit 28.6%, ranking above 97% of its peers.Second, Lam enjoys outstanding sales-related performance. For example, its three-year revenue growth rate is 26.6%, better than 84% of the competition. As well, the company’s book growth rate during the same period is 11.9%, better than nearly 60% of its rivals.NXP Semiconductors (NXPI)Netherlands-based NXP Semiconductors(NASDAQ:NXPI) is a semiconductor designer and manufacturer. After falling 33% this year, it has a market cap of roughly $40 billion. Average trading volume is around 2.1 million shares a day.Interestingly, the YTD performance makes NXP one of the better-performing semiconductor firms. However, that’s not the reason why it’s on this list of best tech stocks to buy in November. Fundamentally, the stock is significantly undervalued based on proprietary calculations. And its forward P/E ratio of 10.6 is below the industry median of 13.7 times.The company enjoys substantive profitability margins, including an operating margin of 27%, which ranks above 84% of its peers. It’s also a high-quality business with a return on equity of nearly 36%.About the one glaring risk factor is balance sheet stability. Its Altman Z-Score pings at 2.4, which is in a gray zone. However, the higher-risk profile could lead to potentially greater gains.","news_type":1},"isVote":1,"tweetType":1,"viewCount":100,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9915337604,"gmtCreate":1664952904308,"gmtModify":1676537535358,"author":{"id":"4111809398482662","authorId":"4111809398482662","name":"Great Joy","avatar":"https://community-static.tradeup.com/news/60d4182388f8b85c577b0310c872c28d","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4111809398482662","authorIdStr":"4111809398482662"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/02195\">$UNITY ENT(02195)$</a>this is so sad to hear there are more scammers&nbsp;","listText":"<a href=\"https://ttm.financial/S/02195\">$UNITY ENT(02195)$</a>this is so sad to hear there are more scammers&nbsp;","text":"$UNITY ENT(02195)$this is so sad to hear there are more scammers","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9915337604","isVote":1,"tweetType":1,"viewCount":1021,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4123226242087392","authorId":"4123226242087392","name":"49cec7d0","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"idStr":"4123226242087392","authorIdStr":"4123226242087392"},"content":"Is there room for this stock to rise?","text":"Is there room for this stock to rise?","html":"Is there room for this stock to rise?"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9916762425,"gmtCreate":1664681993068,"gmtModify":1676537493805,"author":{"id":"4111809398482662","authorId":"4111809398482662","name":"Great Joy","avatar":"https://community-static.tradeup.com/news/60d4182388f8b85c577b0310c872c28d","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4111809398482662","authorIdStr":"4111809398482662"},"themes":[],"htmlText":"Thanks&nbsp;","listText":"Thanks&nbsp;","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9916762425","repostId":"1157459217","repostType":4,"repost":{"id":"1157459217","pubTimestamp":1664676789,"share":"https://ttm.financial/m/news/1157459217?lang=&edition=fundamental","pubTime":"2022-10-02 10:13","market":"us","language":"en","title":"Alibaba Stock: Attractive Valuation Despite Mid-Term Headwinds","url":"https://stock-news.laohu8.com/highlight/detail?id=1157459217","media":"TipRanks","summary":"Over the mid term,Alibaba’s share price has had a habit of moving in step with earnings revisions but during the past 3 months, this relationship has weakened.During the period, Alibaba’s forecast for adj EPS in FY2024 has been cut by 4%, yet the share price has dropped by 34%.Moving forward, how can this be corrected?","content":"<div>\n<p>Over the mid term, Alibaba’s (BABA)share price has had a habit of moving in step with earnings revisions but during the past 3 months, this relationship has weakened.During the period, Alibaba’s ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/alibaba-stock-attractive-valuation-despite-mid-term-headwinds\">Web Link</a>\n\n</div>\n","source":"lsy1606183248679","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba Stock: Attractive Valuation Despite Mid-Term Headwinds</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; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba Stock: Attractive Valuation Despite Mid-Term Headwinds\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-02 10:13 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.tipranks.com/news/article/alibaba-stock-attractive-valuation-despite-mid-term-headwinds><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Over the mid term, Alibaba’s (BABA)share price has had a habit of moving in step with earnings revisions but during the past 3 months, this relationship has weakened.During the period, Alibaba’s ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/alibaba-stock-attractive-valuation-despite-mid-term-headwinds\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://www.tipranks.com/news/article/alibaba-stock-attractive-valuation-despite-mid-term-headwinds","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1157459217","content_text":"Over the mid term, Alibaba’s (BABA)share price has had a habit of moving in step with earnings revisions but during the past 3 months, this relationship has weakened.During the period, Alibaba’s forecast for adj EPS in FY2024 has been cut by 4%, yet the share price has dropped by 34%.Moving forward, how can this be corrected? J.P. Morgan’sAlex Yao has an idea. The analyst believes “sentiment-driven fund flow is the current key share price driver and revenue recovery is the key determinant of market sentiment.”That is a bit of problem, then. Because Yao expects weak China consumption in the September quarter (F2Q23) to impact the revenue outlook.Since late August, Covid has once again been a disruptive force in a host of cities across China, and as such, Yao expects “limited improvement” in Alibaba’s core-core CMR (customer-management revenue) compared to the June quarter.The analyst sees the September quarter’s CMR falling by 4% from the same period last year, hardly any better than the June quarter’s 5% drop. On account of “low visibility of consumer sentiment improvement” or any relaxion of the Covid policies, the decline will continue in the December quarter, albeit at a slower pace (Yao expects a 2% year-over-year decline vs. anticipation of a positive turn previously).In contrast, given Alibaba’s firm commitment to cost-cutting and efficiency-improving measures, Yao sees “potential upside to consensus bottom-line projections.”However, that might not have enough of a positive effect right now. “Alibaba’s weakening revenue outlook in the near term could continue to weigh on the share price despite an unchanged, or even potentially better, profit outlook,” the analyst said, before summing up, “Nonetheless, we believe Alibaba’s share price is attractive on a 12-month view on 1) profit growth recovery to 20%+ in FY2024, 2) current consensus FY2024 PE of only 9x.”To this end, Yao rates BABA shares an Overweight (i.e., Buy) along with a $135 price target. This figure leaves room for 12-month share appreciation of ~69%. Yao’s rating stays an Overweight (i.e., Buy).Overall, Wall Street takes a bullish stance on Alibaba shares. 17 Buys and 1 Sell issued over the previous three months, making the stock a Strong Buy. Meanwhile, the $149.06 average price target suggests ~86% upside from current levels.","news_type":1},"isVote":1,"tweetType":1,"viewCount":33,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9045132328,"gmtCreate":1656574643864,"gmtModify":1676535856561,"author":{"id":"4111809398482662","authorId":"4111809398482662","name":"Great Joy","avatar":"https://community-static.tradeup.com/news/60d4182388f8b85c577b0310c872c28d","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4111809398482662","authorIdStr":"4111809398482662"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/01842\">$GROWN UP GROUP(01842)$</a>same&nbsp;[Cry]&nbsp;","listText":"<a href=\"https://ttm.financial/S/01842\">$GROWN UP GROUP(01842)$</a>same&nbsp;[Cry]&nbsp;","text":"$GROWN UP GROUP(01842)$same [Cry]","images":[{"img":"https://community-static.tradeup.com/news/7e09bd21fde61d7050172bf07a871e89","width":"1080","height":"2163"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9045132328","isVote":1,"tweetType":1,"viewCount":403,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9040716324,"gmtCreate":1655701180768,"gmtModify":1676535689267,"author":{"id":"4111809398482662","authorId":"4111809398482662","name":"Great Joy","avatar":"https://community-static.tradeup.com/news/60d4182388f8b85c577b0310c872c28d","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4111809398482662","authorIdStr":"4111809398482662"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/00276\">$MONGOLIA ENERGY(00276)$</a>there is a scam group for this share. Please be careful","listText":"<a href=\"https://ttm.financial/S/00276\">$MONGOLIA ENERGY(00276)$</a>there is a scam group for this share. Please be careful","text":"$MONGOLIA ENERGY(00276)$there is a scam group for this share. Please be careful","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9040716324","isVote":1,"tweetType":1,"viewCount":367,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9989972975,"gmtCreate":1665894638497,"gmtModify":1676537676979,"author":{"id":"4111809398482662","authorId":"4111809398482662","name":"Great Joy","avatar":"https://community-static.tradeup.com/news/60d4182388f8b85c577b0310c872c28d","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4111809398482662","authorIdStr":"4111809398482662"},"themes":[],"htmlText":"Thanks&nbsp;","listText":"Thanks&nbsp;","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9989972975","repostId":"2275403939","repostType":4,"repost":{"id":"2275403939","pubTimestamp":1665802807,"share":"https://ttm.financial/m/news/2275403939?lang=&edition=fundamental","pubTime":"2022-10-15 11:00","market":"us","language":"en","title":"Down 58% to 75%, These 3 Growth Stocks Are Poised for a Comeback","url":"https://stock-news.laohu8.com/highlight/detail?id=2275403939","media":"Motley Fool","summary":"They are down but certainly not out.","content":"<html><head></head><body><p>Jeff Bezos, the founder of <b>Amazon</b>, started his 2000 shareholder letter with the word &#34;ouch.&#34; The company&#39;s stock had fallen more than 80% in the past year, a tough time for shareholders when the dot-com bubble had burst, and Wall Street was selling everything out of fear. But Amazon&#39;s business was growing despite the disappointing investment returns. Today, Amazon is one of the world&#39;s largest companies, which means that 2000 was a wonderful time to buy shares.</p><p>Sound familiar? Just over two decades later, the stock market is again in a tumultuous spot. Growth stocks are again taking it on the chin, including <b>Palantir Technologies</b>, <b>Zscaler</b>, and <b>Spotify Technology</b>, down 75%, 58%, and 74% from their respective highs. Despite these steep declines, each stock could make a strong comeback and reward long-term investors. Here is what you need to know.</p><h2>Building a new world on top of data</h2><p><b>Justin Pope (Palantir Technologies): </b>Almost everything you do in life today creates a digital record, and understanding and leveraging this data better than others can drive success in both public and private organizations. Palantir makes custom software solutions for its customers using its proprietary platforms: Gotham specializes in government applications, and Foundry in commercial projects. For example, Palantir helped determine which areas needed the most assistance during Hurricane Sandy in 2012 using GPS data, photos, damage reports, and census/demographics records.</p><p>Palantir&#39;s relationship with the government remains strong today. It works with various departments, announcing new contracts from the Army and Department of Homeland Security totaling over $200 million just in the past couple of months. This close relationship also makes Palantir reliant on the government, which accounted for 57% of revenue over the first six months of 2022. Palantir must grow its private sector business, and it&#39;s doing that -- U.S. commercial revenue grew 120% year over year in the second quarter of this year.</p><p>The company is now doing more than $1.7 billion in revenue and converting 15% of that into free cash flow. Palantir uses stock-based compensation to pay its employees, which is a non-cash expense. So while cash profits are positive, the bottom line (net income) is negative $539 million over the past four quarters. Positive free cash flow adds to a balance sheet with $2.4 billion in cash against zero debt. Investors will want to see net income trend toward a positive figure; look for revenue to grow faster than stock-based compensation over the coming years.</p><p>This bear market has hammered Palantir&#39;s valuation. The stock&#39;s price-to-sales ratio (P/S) was more than 40 last year but has fallen to just 9. The company&#39;s long relationship with the U.S. government and strong commercial growth underlines the value Palantir&#39;s platform creates. The company still has just 304 customers, so there&#39;s plenty of room for long-term growth. Palantir could eventually be a very large and influential company if data continues to become a critical asset for organizations worldwide. In that case, investors might look back on 2022 fondly as an opportunity to buy low.</p><h2>The zero-trust company that deserves your full confidence</h2><p><b>Will Healy</b> <b>(Zscaler): </b>The rise of the cloud changed the nature of cybersecurity. Previous models built trust via IP addresses. However, with increasing numbers of devices and more interactions, securing networks from continuously changing locations demands a different solution.</p><p>Hence, companies increasingly turn to zero-trust security solutions like the ones offered by Zscaler. Zero-trust treats every user as a threat and uses &#34;context-based identity&#34; (job responsibilities, location, etc.) and policy enforcement to determine access. Also, since users access resources and apps rather than networks, Zscaler&#39;s software can prevent and mitigate security breaches.</p><p>Zscaler also stands out by operating as an edge computing solution. With 150 data centers worldwide, it reduces the lag time for clients. Its approach led to <b>Gartner</b> naming it a leader in the 2022 Gartner Magic Quadrant for Security Service Edge. Additionally, it claims almost 2,100 customers with over $100,000 in annual recurring revenue, including 40% of the Fortune 500.</p><p>Those numbers should continue to increase. Allied Market Research predicts the industry will grow at a compound annual growth rate of 19% through 2031, taking the market size to $126 billion. Thus, it may pleasantly surprise investors that in fiscal 2022 (which ended July 31), Zscaler generated $1.1 billion in revenue, rising 61% year over year. Due to the constant need for cybersecurity, recession threats are unlikely to slow company growth significantly, keeping revenue growth at an elevated level.</p><p>Moreover, Zscaler turned a non-GAAP profit for fiscal 2022 of $101 million, rising 34%. The rapid increases in costs and expenses, foreign currency losses, and revaluations of derivative investments reduced earnings.</p><p>Those fast-rising costs and expenses may also have caught Zscaler up in the bear market. The cybersecurity stock now sells at about a 60% discount to its all-time high in November. Additionally, given the current bear market, the price-to-sales (P/S) ratio of 19 may seem intolerably high.</p><p>However, those challenges should not alter the likely growth in the zero-trust security industry. Given its competitive advantages and rapid revenue growth, Zscaler looks like a screaming buy despite its elevated valuation.</p><h2>By one measure, Spotify stock has never been cheaper</h2><p><b>Jake Lerch (Spotify Technology):</b> Like many so-called &#34;stay-at-home&#34; stocks, Spotify shares skyrocketed during the height of the COVID-19 pandemic. If you&#39;d invested $10,000 in Spotify stock in March 2020, it would have grown to more than $23,000 in March 2021. However, the last 18 months have not been kind to Spotify.</p><p>And while the damage to its stock price is undeniable, the company&#39;s fundamentals remain untouched. In fact, they&#39;ve improved.</p><p>User growth is accelerating. In its most recent quarter (the three months ending on June 30, 2022), Spotify reported 433 monthly active users -- 5 million more than the company had projected.</p><p>Both premium (i.e., subscription) and ad-supported revenue have surged. Premium revenue increased 22% year over year to 2.5 billion euros, while ad-supported revenue jumped 31% to 360 million euros. Spotify&#39;s ad-supported revenue now stands at 13% of overall revenue, the highest percentage in the company&#39;s history.</p><p>Meanwhile, Spotify&#39;s valuation looks more sensible than ever. Its current price-to-sales ratio of 1.3 is an all-time low for the company -- and far below its lifetime average of 4.3. </p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b50e539ea1408691dce3de63e16de6fb\" tg-width=\"2000\" tg-height=\"1253\" width=\"100%\" height=\"auto\"/><span>SPOT PS Ratio data by YCharts</span></p><p>Of course, broader economic conditions are not great. Interest rates are rising and economic growth appears to be slowing. However, for long-term investors, economic slowdowns can present opportunities to build positions in the companies that will benefit when the inevitable turnaround arrives. </p><p>To my eyes, Spotify -- a stock with strong fundamentals and its lowest valuation in years -- looks poised for a comeback.</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>Down 58% to 75%, These 3 Growth Stocks Are Poised for a Comeback</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\">\nDown 58% to 75%, These 3 Growth Stocks Are Poised for a Comeback\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-15 11:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/10/14/down-58-to-75-these-3-growth-stocks-are-poised-for/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Jeff Bezos, the founder of Amazon, started his 2000 shareholder letter with the word \"ouch.\" The company's stock had fallen more than 80% in the past year, a tough time for shareholders when the dot-...</p>\n\n<a href=\"https://www.fool.com/investing/2022/10/14/down-58-to-75-these-3-growth-stocks-are-poised-for/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ZS":"Zscaler Inc.","PLTR":"Palantir Technologies Inc.","SPOT":"Spotify Technology S.A."},"source_url":"https://www.fool.com/investing/2022/10/14/down-58-to-75-these-3-growth-stocks-are-poised-for/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2275403939","content_text":"Jeff Bezos, the founder of Amazon, started his 2000 shareholder letter with the word \"ouch.\" The company's stock had fallen more than 80% in the past year, a tough time for shareholders when the dot-com bubble had burst, and Wall Street was selling everything out of fear. But Amazon's business was growing despite the disappointing investment returns. Today, Amazon is one of the world's largest companies, which means that 2000 was a wonderful time to buy shares.Sound familiar? Just over two decades later, the stock market is again in a tumultuous spot. Growth stocks are again taking it on the chin, including Palantir Technologies, Zscaler, and Spotify Technology, down 75%, 58%, and 74% from their respective highs. Despite these steep declines, each stock could make a strong comeback and reward long-term investors. Here is what you need to know.Building a new world on top of dataJustin Pope (Palantir Technologies): Almost everything you do in life today creates a digital record, and understanding and leveraging this data better than others can drive success in both public and private organizations. Palantir makes custom software solutions for its customers using its proprietary platforms: Gotham specializes in government applications, and Foundry in commercial projects. For example, Palantir helped determine which areas needed the most assistance during Hurricane Sandy in 2012 using GPS data, photos, damage reports, and census/demographics records.Palantir's relationship with the government remains strong today. It works with various departments, announcing new contracts from the Army and Department of Homeland Security totaling over $200 million just in the past couple of months. This close relationship also makes Palantir reliant on the government, which accounted for 57% of revenue over the first six months of 2022. Palantir must grow its private sector business, and it's doing that -- U.S. commercial revenue grew 120% year over year in the second quarter of this year.The company is now doing more than $1.7 billion in revenue and converting 15% of that into free cash flow. Palantir uses stock-based compensation to pay its employees, which is a non-cash expense. So while cash profits are positive, the bottom line (net income) is negative $539 million over the past four quarters. Positive free cash flow adds to a balance sheet with $2.4 billion in cash against zero debt. Investors will want to see net income trend toward a positive figure; look for revenue to grow faster than stock-based compensation over the coming years.This bear market has hammered Palantir's valuation. The stock's price-to-sales ratio (P/S) was more than 40 last year but has fallen to just 9. The company's long relationship with the U.S. government and strong commercial growth underlines the value Palantir's platform creates. The company still has just 304 customers, so there's plenty of room for long-term growth. Palantir could eventually be a very large and influential company if data continues to become a critical asset for organizations worldwide. In that case, investors might look back on 2022 fondly as an opportunity to buy low.The zero-trust company that deserves your full confidenceWill Healy (Zscaler): The rise of the cloud changed the nature of cybersecurity. Previous models built trust via IP addresses. However, with increasing numbers of devices and more interactions, securing networks from continuously changing locations demands a different solution.Hence, companies increasingly turn to zero-trust security solutions like the ones offered by Zscaler. Zero-trust treats every user as a threat and uses \"context-based identity\" (job responsibilities, location, etc.) and policy enforcement to determine access. Also, since users access resources and apps rather than networks, Zscaler's software can prevent and mitigate security breaches.Zscaler also stands out by operating as an edge computing solution. With 150 data centers worldwide, it reduces the lag time for clients. Its approach led to Gartner naming it a leader in the 2022 Gartner Magic Quadrant for Security Service Edge. Additionally, it claims almost 2,100 customers with over $100,000 in annual recurring revenue, including 40% of the Fortune 500.Those numbers should continue to increase. Allied Market Research predicts the industry will grow at a compound annual growth rate of 19% through 2031, taking the market size to $126 billion. Thus, it may pleasantly surprise investors that in fiscal 2022 (which ended July 31), Zscaler generated $1.1 billion in revenue, rising 61% year over year. Due to the constant need for cybersecurity, recession threats are unlikely to slow company growth significantly, keeping revenue growth at an elevated level.Moreover, Zscaler turned a non-GAAP profit for fiscal 2022 of $101 million, rising 34%. The rapid increases in costs and expenses, foreign currency losses, and revaluations of derivative investments reduced earnings.Those fast-rising costs and expenses may also have caught Zscaler up in the bear market. The cybersecurity stock now sells at about a 60% discount to its all-time high in November. Additionally, given the current bear market, the price-to-sales (P/S) ratio of 19 may seem intolerably high.However, those challenges should not alter the likely growth in the zero-trust security industry. Given its competitive advantages and rapid revenue growth, Zscaler looks like a screaming buy despite its elevated valuation.By one measure, Spotify stock has never been cheaperJake Lerch (Spotify Technology): Like many so-called \"stay-at-home\" stocks, Spotify shares skyrocketed during the height of the COVID-19 pandemic. If you'd invested $10,000 in Spotify stock in March 2020, it would have grown to more than $23,000 in March 2021. However, the last 18 months have not been kind to Spotify.And while the damage to its stock price is undeniable, the company's fundamentals remain untouched. In fact, they've improved.User growth is accelerating. In its most recent quarter (the three months ending on June 30, 2022), Spotify reported 433 monthly active users -- 5 million more than the company had projected.Both premium (i.e., subscription) and ad-supported revenue have surged. Premium revenue increased 22% year over year to 2.5 billion euros, while ad-supported revenue jumped 31% to 360 million euros. Spotify's ad-supported revenue now stands at 13% of overall revenue, the highest percentage in the company's history.Meanwhile, Spotify's valuation looks more sensible than ever. Its current price-to-sales ratio of 1.3 is an all-time low for the company -- and far below its lifetime average of 4.3. SPOT PS Ratio data by YChartsOf course, broader economic conditions are not great. Interest rates are rising and economic growth appears to be slowing. However, for long-term investors, economic slowdowns can present opportunities to build positions in the companies that will benefit when the inevitable turnaround arrives. To my eyes, Spotify -- a stock with strong fundamentals and its lowest valuation in years -- looks poised for a comeback.","news_type":1},"isVote":1,"tweetType":1,"viewCount":141,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9951621583,"gmtCreate":1673478889643,"gmtModify":1676538842560,"author":{"id":"4111809398482662","authorId":"4111809398482662","name":"Great Joy","avatar":"https://community-static.tradeup.com/news/60d4182388f8b85c577b0310c872c28d","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4111809398482662","authorIdStr":"4111809398482662"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/01842\">$GROWN UP GROUP(01842)$&nbsp;</a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/01842\">$GROWN UP GROUP(01842)$&nbsp;</a><v-v data-views=\"1\"></v-v>","text":"$GROWN UP GROUP(01842)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9951621583","isVote":1,"tweetType":1,"viewCount":497,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}