ah meow personal page - To The Moon

ah meow

ah meow

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03-26

Share price are to high.

02-16

Tesla

02-07

$NIO Inc.(NIO.SI)$

02-07

Hi

2023-12-15

$Advanced Micro Devices(AMD)$

2023-12-15

$Advanced Micro Devices(AMD)$

2023-12-12

$Grab Holdings(GRAB)$

2023-12-12

$Grab Holdings(GRAB)$

2023-10-28

Great ariticle, would you like to share it?

@Phantom121:Happy Halloween 🎃.

2023-09-19

Great ariticle, would you like to share it?

@Value_investing:Is this semiconductor pullback a buying opportunity?

2023-08-27

Great ariticle, would you like to share it?

@Tiger_Newspress:Fed Chair Powell Calls Inflation "Too High" and Warns That "We Are Prepared to Raise Rates Further"

2022-10-19

K

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2022-10-19

Ok

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2022-10-19

Ok

Apple Earnings Are Likely To Bomb Going Forward

2022-10-19

Nice

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2022-10-14

Ok

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Go to Tiger App to see more news

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href=\"https://ttm.financial/S/AMD\">$Advanced Micro Devices(AMD)$ </a>&nbsp;","text":"$Advanced Micro Devices(AMD)$","images":[{"img":"https://community-static.tradeup.com/news/33971b0a410e817c41e2545a59705938","width":"596","height":"1005"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/252163278979264","isVote":1,"tweetType":1,"viewCount":179,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":251310302625848,"gmtCreate":1702392266165,"gmtModify":1702392268409,"author":{"id":"4112191678947252","authorId":"4112191678947252","name":"ah meow","avatar":"https://community-static.tradeup.com/news/7e2066eed5d1f697bd83cf1f1fe2d716","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/GRAB\">$Grab Holdings(GRAB)$ </a>&nbsp;","listText":"<a href=\"https://ttm.financial/S/GRAB\">$Grab Holdings(GRAB)$ </a>&nbsp;","text":"$Grab Holdings(GRAB)$","images":[{"img":"https://community-static.tradeup.com/news/bd7c51d461d7844e3eacf95e78b39de3","width":"596","height":"1005"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/251310302625848","isVote":1,"tweetType":1,"viewCount":245,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":251309510619368,"gmtCreate":1702392219126,"gmtModify":1702392221410,"author":{"id":"4112191678947252","authorId":"4112191678947252","name":"ah meow","avatar":"https://community-static.tradeup.com/news/7e2066eed5d1f697bd83cf1f1fe2d716","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/GRAB\">$Grab Holdings(GRAB)$ </a>&nbsp;","listText":"<a href=\"https://ttm.financial/S/GRAB\">$Grab Holdings(GRAB)$ </a>&nbsp;","text":"$Grab 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it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/235341709934712","repostId":"235331302240344","repostType":1,"repost":{"id":235331302240344,"gmtCreate":1698486824647,"gmtModify":1698486830386,"author":{"id":"3560474608445356","authorId":"3560474608445356","name":"Phantom121","avatar":"https://community-static.tradeup.com/news/e8c486af0a68427c4203e2d36d27c057","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"Happy Halloween 🎃.&nbsp;&nbsp;","listText":"Happy Halloween 🎃.&nbsp;&nbsp;","text":"Happy Halloween 🎃.","images":[{"img":"https://community-static.tradeup.com/news/5c42946279495b6d459ca20358b83541","width":"1125","height":"980"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/235331302240344","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":290,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":221573845971056,"gmtCreate":1695131846351,"gmtModify":1695131850534,"author":{"id":"4112191678947252","authorId":"4112191678947252","name":"ah meow","avatar":"https://community-static.tradeup.com/news/7e2066eed5d1f697bd83cf1f1fe2d716","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false},"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/221573845971056","repostId":"221239987916808","repostType":1,"repost":{"id":221239987916808,"gmtCreate":1695040286087,"gmtModify":1695040302713,"author":{"id":"3527667626267411","authorId":"3527667626267411","name":"Value_investing","avatar":"https://community-static.tradeup.com/news/89ffffc59ff9ac9cb9cb74f596418d44","crmLevel":0,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"title":"Is this semiconductor pullback a buying opportunity?","htmlText":"Recently, semiconductor company stock prices have significantly pullbacked, among which:Lithography giant <a href=\"https://ttm.financial/S/ASML\">$ASML Holding NV(ASML)$</a> corrected 22.5%; <a href=\"https://ttm.financial/S/AMAT\">$Applied Materials(AMAT)$</a> , the world's largest semiconductor equipment company, saw an 11% pullback; <a href=\"https://ttm.financial/S/AMD\">$Advanced Micro Devices(AMD)$</a> pullbacked 23.6%;Chip contract manufacturing giant <a href=\"https://ttm.financial/S/TSM\">$Taiwan Semiconductor Manufacturing(TSM)$</a> back 19.4%...What happened? Is this semiconductor pullback a buying opportunity?In general, the main reason for this wave of semiconductor pullback is that semiconductor fundamentals cannot match skyrocketing stock prices.For example, Applied Materials, befo","listText":"Recently, semiconductor company stock prices have significantly pullbacked, among which:Lithography giant <a href=\"https://ttm.financial/S/ASML\">$ASML Holding NV(ASML)$</a> corrected 22.5%; <a href=\"https://ttm.financial/S/AMAT\">$Applied Materials(AMAT)$</a> , the world's largest semiconductor equipment company, saw an 11% pullback; <a href=\"https://ttm.financial/S/AMD\">$Advanced Micro Devices(AMD)$</a> pullbacked 23.6%;Chip contract manufacturing giant <a href=\"https://ttm.financial/S/TSM\">$Taiwan Semiconductor Manufacturing(TSM)$</a> back 19.4%...What happened? Is this semiconductor pullback a buying opportunity?In general, the main reason for this wave of semiconductor pullback is that semiconductor fundamentals cannot match skyrocketing stock prices.For example, Applied Materials, befo","text":"Recently, semiconductor company stock prices have significantly pullbacked, among which:Lithography giant $ASML Holding NV(ASML)$ corrected 22.5%; $Applied Materials(AMAT)$ , the world's largest semiconductor equipment company, saw an 11% pullback; $Advanced Micro Devices(AMD)$ pullbacked 23.6%;Chip contract manufacturing giant $Taiwan Semiconductor Manufacturing(TSM)$ back 19.4%...What happened? Is this semiconductor pullback a buying opportunity?In general, the main reason for this wave of semiconductor pullback is that semiconductor fundamentals cannot match skyrocketing stock prices.For example, Applied Materials, befo","images":[{"img":"https://community-static.tradeup.com/news/91f239a8f8b9aa7d2adcff5095ad599c","width":"850","height":"207"},{"img":"https://community-static.tradeup.com/news/b625dd30367ffab49fec1c0c9d9d71ca","width":"874","height":"386"},{"img":"https://community-static.tradeup.com/news/c1ea06805432e89b31a943802605f4c8","width":"1158","height":"452"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/221239987916808","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":4,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":300,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":213267584557264,"gmtCreate":1693107257698,"gmtModify":1693107261121,"author":{"id":"4112191678947252","authorId":"4112191678947252","name":"ah meow","avatar":"https://community-static.tradeup.com/news/7e2066eed5d1f697bd83cf1f1fe2d716","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false},"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/213267584557264","repostId":"212746678259824","repostType":1,"repost":{"id":212746678259824,"gmtCreate":1692972420990,"gmtModify":1692974567368,"author":{"id":"3527667628464496","authorId":"3527667628464496","name":"Tiger_Newspress","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"title":"Fed Chair Powell Calls Inflation \"Too High\" and Warns That \"We Are Prepared to Raise Rates Further\"","htmlText":"KEY POINTSWhile acknowledging that progress has been made, the central bank leader said inflation is still above where policymakers feel comfortable.The speech resembled remarks Powell made last year at Jackson Hole, during which he warned that “some pain” was likely as the Fed continues its efforts to pull runaway inflation back down to its 2% goal.Federal Reserve Chair Jerome Powell on Friday called for more vigilance in the fight against inflation, warning that additional interest rate increases could be yet to come.While acknowledging that progress has been made, the central bank leader said inflation is still above where policymakers feel comfortable. He noted that the Fed will remain flexible as it contemplates further moves, but gave little indication that it’s ready to start easing","listText":"KEY POINTSWhile acknowledging that progress has been made, the central bank leader said inflation is still above where policymakers feel comfortable.The speech resembled remarks Powell made last year at Jackson Hole, during which he warned that “some pain” was likely as the Fed continues its efforts to pull runaway inflation back down to its 2% goal.Federal Reserve Chair Jerome Powell on Friday called for more vigilance in the fight against inflation, warning that additional interest rate increases could be yet to come.While acknowledging that progress has been made, the central bank leader said inflation is still above where policymakers feel comfortable. He noted that the Fed will remain flexible as it contemplates further moves, but gave little indication that it’s ready to start easing","text":"KEY POINTSWhile acknowledging that progress has been made, the central bank leader said inflation is still above where policymakers feel comfortable.The speech resembled remarks Powell made last year at Jackson Hole, during which he warned that “some pain” was likely as the Fed continues its efforts to pull runaway inflation back down to its 2% goal.Federal Reserve Chair Jerome Powell on Friday called for more vigilance in the fight against inflation, warning that additional interest rate increases could be yet to come.While acknowledging that progress has been made, the central bank leader said inflation is still above where policymakers feel comfortable. He noted that the Fed will remain flexible as it contemplates further moves, but gave little indication that it’s ready to start easing","images":[{"img":"https://community-static.tradeup.com/news/65d48fe70b5f8a345e984a371a9e677a","width":"929","height":"523"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/212746678259824","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":31,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9983177099,"gmtCreate":1666194117312,"gmtModify":1676537721008,"author":{"id":"4112191678947252","authorId":"4112191678947252","name":"ah meow","avatar":"https://community-static.tradeup.com/news/7e2066eed5d1f697bd83cf1f1fe2d716","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9983177099","repostId":"1133550682","repostType":4,"isVote":1,"tweetType":1,"viewCount":66,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9983174488,"gmtCreate":1666194088145,"gmtModify":1676537720992,"author":{"id":"4112191678947252","authorId":"4112191678947252","name":"ah meow","avatar":"https://community-static.tradeup.com/news/7e2066eed5d1f697bd83cf1f1fe2d716","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9983174488","repostId":"2276483647","repostType":4,"isVote":1,"tweetType":1,"viewCount":89,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9983174533,"gmtCreate":1666194068322,"gmtModify":1676537720992,"author":{"id":"4112191678947252","authorId":"4112191678947252","name":"ah meow","avatar":"https://community-static.tradeup.com/news/7e2066eed5d1f697bd83cf1f1fe2d716","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9983174533","repostId":"1163149585","repostType":4,"repost":{"id":"1163149585","pubTimestamp":1666188491,"share":"https://www.laohu8.com/m/news/1163149585?lang=&edition=full","pubTime":"2022-10-19 22:08","market":"us","language":"en","title":"Apple Earnings Are Likely To Bomb Going Forward","url":"https://stock-news.laohu8.com/highlight/detail?id=1163149585","media":"Seeking Alpha","summary":"SummaryApple is going against astounding year-over-year comps from 2021's free-money/YOLO economy. B","content":"<html><head></head><body><h2>Summary</h2><ul><li>Apple is going against astounding year-over-year comps from 2021&#39;s free-money/YOLO economy. But as the economy softens, are people really going to go out of their way to upgrade their iPhones?</li><li>2021 was &#34;peak everything&#34; for consumers, with spending on consumer goods like Apple&#39;s products being a key bellwether.</li><li>Apple&#39;s U-turn on its planned iPhone production ramp is a clear early warning signal for earnings to decline, but few investors are listening.</li><li>Apple has also been a prime beneficiary of tax cuts, QE, and stimulus, while the underlying net income of its business looks more sluggish and cyclical.</li><li>While Apple is a decent business, you should not get sucked into paying high PE ratios for popular stocks with earnings at cyclical peaks, or your portfolio will likely suffer the consequences.</li></ul><p>Some buy-and-hold investors may consider this blasphemy, but since late 2019 Apple&#39;s (NASDAQ:AAPL) stock price has grown increasingly disconnected from the reality of its underlying business. Apple&#39;s stock is ground zero for investors that expect stimulus-fueled levels of consumer spending to last forever. In reality, investors are tripping over each other to pay a peak multiple for consumer discretionary stocks like AAPL at peak earnings. This is unlikely to succeed as an investing strategy. To this point, the present valuation of Apple is a gift to investors, who now have the opportunity to sell while the stock is overvalued and allocate money elsewhere.</p><p><img src=\"https://static.tigerbbs.com/c74fbc6467060e07ea0d8b8477c0a63f\" tg-width=\"635\" tg-height=\"417\" referrerpolicy=\"no-referrer\"/>Data by YCharts</p><h3>The Pandemic Didn&#39;t Fundamentally Change Apple&#39;s Business</h3><p>Of course, Apple is a profitable business. But the beauty of looking at Apple&#39;s income statement is that it can tell you why the company is making more money and whether the share price is increasing faster or slower than the business.</p><p>Apple&#39;s share price shows powerful gains, trading for about 5.9x more than it did 10 years ago.</p><p>EPS is up a lot over the last 10 years (3.8x), but not as much as the share price.</p><p>And EPS, in turn, is up a lot more than net income (2.4x).</p><p>When you subtract out corporate tax cuts and the benefit from lower interest rates, earnings are only 2.1x the levels of 10 years ago.</p><p>Moreover, nearly all of this growth has come recently during the pandemic. From 2012 to 2019, earnings before interest and taxes had only grown about 16%! The rest was all from tax cuts, lower interest rates, stimulus, and Apple&#39;s buyback. Not to discount the wisdom of buybacks in general- it was great when Apple was buying its shares back at like 10x earnings. But recently at 30x earnings? Not so much!</p><p>It&#39;s strange when you think about it, but Apple&#39;s story has been similarly borne out among thousands of companies with the same trend of Market Cap Growth &gt; EPS Growth&gt; Net Income Growth&gt; EBIT Growth. Valuations have risen faster than earnings, which in turn have been juiced by stimulus, falling interest rates, and deficit-financed corporate tax cuts. In the end, investors are getting a lot of sizzle and not much steak.</p><p>If you&#39;re buying Apple here, you really need a compelling reason why Apple&#39;s business has fundamentally improved since 2019. I don&#39;t see one, besides people getting free money from the government. iPhone sales have been higher post-pandemic than previously, but consider that the US government handed out approximately $10,000 per family in stimulus in 2021. That&#39;s tax-free cash in addition to wages 95% of people were making working in 2021, so it was generally pure profit to recipients. In addition, remember that consumers had limited choices for travel, entertainment, and events, which directed spending towards consumer goods like Apple&#39;s.</p><p>But what will happen to consumer spending this holiday season without $10,000 per family in free money and with raging inflation squeezing budgets? A massive miss in profits for consumer discretionary companies is the most likely outcome. Analysts are now slowly starting the process of revising Apple&#39;s earnings estimates down. The danger here is deceptive, as evidenced by the recent earnings misses of Adobe (ADBE), FedEx (FDX), and Restoration Hardware (RH) that reported off-cycle. Traders are excited because banks like Bank of America (BAC) reported higher profits from the Fed&#39;s interest rate hiking campaign. However, as the earnings cycle turns to consumer discretionary and tech there will likely be a bunch of stocks getting routed, with high-profile stocks like Apple and Amazon (AMZN) being likely victims.</p><h3>What To Expect From Apple&#39;s Earnings: Not Sustainable</h3><p>Apple reports quarterly earnings after the market closes on Thursday, October 27th. As always, Apple&#39;s report will be followed by their quarterly earnings call (and posted on Seeking Alpha shortly after). Analysts expect earnings of $1.27 for the quarter. Apple no longer gives earnings guidance- there&#39;s no requirement to do so even though they did so in the past. But this causes investors to get too excited about Apple&#39;s prospects rather than actually looking at the numbers. For investors to expect profits to simply level off with the rug pulled on stimulus is naive. Even before the recent revisions, Wall Street analysts had only projected mid-single-digit EPS growth for Apple over the next few years. That&#39;s not a huge vote of confidence. If you take these estimates at face value, Apple trades for over 22x next fiscal year&#39;s earnings with middling growth prospects. By contrast, the S&amp;P 500 currently trades for about 15.6x analyst earnings estimates and has roughly equal growth prospects. The long-running story for Apple of course has been growth in services revenue, but I expect that to slow dramatically as the amount they can squeeze Google (GOOG) dramatically slows. If Apple can tell TSMC (TSM) no on price increases, then Google can likely do the same for Apple.</p><p>This wouldn&#39;t be so bad except for the likelihood that earnings estimates are wildly inflated due to the massive stimulus in 2021. Once you account for the stimulus, I don&#39;t think there&#39;s much that fundamentally changed for Apple, its products, or its business prospects. In fact, people are likely to delay upgrading iPhones for years since they upgraded en masse in 2021 and early 2022. Apple is oddly out of step with the rest of the industry on this- they recently had to pull a U-turn on a planned 7% ramp in production. We can draw some clues on demand from the broader semiconductor market, with Micron (MU) and Nvidia (NVDA) acknowledging the slowdown in September, with Intel (INTC) announcing weak results and job cuts shortly after. Taiwan Semiconductor announced results a few days ago and warned of weakening demand. There&#39;s also the issue of the strong dollar, which eats away at Apple&#39;s US dollar profits on sales made outside the US. If past cycles are any guide, earnings for mature consumer-centric companies like Apple are likely to fall substantially. Without stimulus, AAPL&#39;s earnings could easily trend back to a bit above its pre-pandemic numbers, pushing the stock below $100 and likely below $75. There are severe, structural problems with the ability of consumers to continue to spend at the rate they are, and consumer discretionary companies are on the frontlines of this change. Raging inflation, lack of stimulus, declines in real earnings, etc., all have a hand in this. And when the hammer eventually drops on student loan forbearance, that&#39;s another 1% or more of the national income sucked back into the U.S. Treasury- equivalent to a fairly broad income tax hike.</p><h3>Mega Cap Tech Valuations: Signal And Noise</h3><p>There&#39;s a classic experiment in statistics where if you put a bunch of people&#39;s guesses together, the highest numbers are likely to be overestimated, while the lowest numbers are likely to be underestimated. For example, if we poll 100 people on how many jellybeans are in a jar or what the margin of victory will be for a candidate in the midterm elections, the highest estimates are likely to be wrong. The high estimates tend to have more noise in them than the ones in the middle. Financial markets aren&#39;t so different. Research shows companies that have the world&#39;s largest market caps tend to subsequently underperform. High P/E ratios combined with high-popularity stocks end up being far more noise than signal and are best avoided.</p><p>Apple is the world&#39;s most valuable company, and it has been this way for a while. But in contrast to my previous research on the disposition effect and Apple stock being worth more than the business as late as 2019, you simply can&#39;t justify the near tripling in price since then. By contrast, you can sell Apple and put your money in a basket of small-cap stocks (IJR) that are trading at similar valuations to 2019. Don&#39;t be fooled by stocks that see huge gains in share price without corresponding growth in the underlying business. History shows that doing this means you&#39;ll be consigned to years of low or negative returns.</p><h3>Bottom Line</h3><p>For a variety of reasons that are unlikely to prove sustainable, Apple has nearly tripled in price since the summer of 2019. Seeking Alpha&#39;s quant model gives the stock an F for valuation and a D+ for growth. This mirrors the lack of enthusiasm for Wall Street analysts on Apple&#39;s growth prospects. AAPL is now among the most overvalued large-cap names. Investors should consider selling and either allocating to Treasury bills that pay 4-4.5% annually, or to small-cap stocks that trade for less than half the valuation of Apple. Do you agree? Feel free to share your thoughts in the comments!</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 Earnings Are Likely To Bomb Going Forward</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 Earnings Are Likely To Bomb Going Forward\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-19 22:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4547242-apple-earnings-are-likely-to-bomb-going-forward><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryApple is going against astounding year-over-year comps from 2021's free-money/YOLO economy. But as the economy softens, are people really going to go out of their way to upgrade their iPhones?...</p>\n\n<a href=\"https://seekingalpha.com/article/4547242-apple-earnings-are-likely-to-bomb-going-forward\">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/4547242-apple-earnings-are-likely-to-bomb-going-forward","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163149585","content_text":"SummaryApple is going against astounding year-over-year comps from 2021's free-money/YOLO economy. But as the economy softens, are people really going to go out of their way to upgrade their iPhones?2021 was \"peak everything\" for consumers, with spending on consumer goods like Apple's products being a key bellwether.Apple's U-turn on its planned iPhone production ramp is a clear early warning signal for earnings to decline, but few investors are listening.Apple has also been a prime beneficiary of tax cuts, QE, and stimulus, while the underlying net income of its business looks more sluggish and cyclical.While Apple is a decent business, you should not get sucked into paying high PE ratios for popular stocks with earnings at cyclical peaks, or your portfolio will likely suffer the consequences.Some buy-and-hold investors may consider this blasphemy, but since late 2019 Apple's (NASDAQ:AAPL) stock price has grown increasingly disconnected from the reality of its underlying business. Apple's stock is ground zero for investors that expect stimulus-fueled levels of consumer spending to last forever. In reality, investors are tripping over each other to pay a peak multiple for consumer discretionary stocks like AAPL at peak earnings. This is unlikely to succeed as an investing strategy. To this point, the present valuation of Apple is a gift to investors, who now have the opportunity to sell while the stock is overvalued and allocate money elsewhere.Data by YChartsThe Pandemic Didn't Fundamentally Change Apple's BusinessOf course, Apple is a profitable business. But the beauty of looking at Apple's income statement is that it can tell you why the company is making more money and whether the share price is increasing faster or slower than the business.Apple's share price shows powerful gains, trading for about 5.9x more than it did 10 years ago.EPS is up a lot over the last 10 years (3.8x), but not as much as the share price.And EPS, in turn, is up a lot more than net income (2.4x).When you subtract out corporate tax cuts and the benefit from lower interest rates, earnings are only 2.1x the levels of 10 years ago.Moreover, nearly all of this growth has come recently during the pandemic. From 2012 to 2019, earnings before interest and taxes had only grown about 16%! The rest was all from tax cuts, lower interest rates, stimulus, and Apple's buyback. Not to discount the wisdom of buybacks in general- it was great when Apple was buying its shares back at like 10x earnings. But recently at 30x earnings? Not so much!It's strange when you think about it, but Apple's story has been similarly borne out among thousands of companies with the same trend of Market Cap Growth > EPS Growth> Net Income Growth> EBIT Growth. Valuations have risen faster than earnings, which in turn have been juiced by stimulus, falling interest rates, and deficit-financed corporate tax cuts. In the end, investors are getting a lot of sizzle and not much steak.If you're buying Apple here, you really need a compelling reason why Apple's business has fundamentally improved since 2019. I don't see one, besides people getting free money from the government. iPhone sales have been higher post-pandemic than previously, but consider that the US government handed out approximately $10,000 per family in stimulus in 2021. That's tax-free cash in addition to wages 95% of people were making working in 2021, so it was generally pure profit to recipients. In addition, remember that consumers had limited choices for travel, entertainment, and events, which directed spending towards consumer goods like Apple's.But what will happen to consumer spending this holiday season without $10,000 per family in free money and with raging inflation squeezing budgets? A massive miss in profits for consumer discretionary companies is the most likely outcome. Analysts are now slowly starting the process of revising Apple's earnings estimates down. The danger here is deceptive, as evidenced by the recent earnings misses of Adobe (ADBE), FedEx (FDX), and Restoration Hardware (RH) that reported off-cycle. Traders are excited because banks like Bank of America (BAC) reported higher profits from the Fed's interest rate hiking campaign. However, as the earnings cycle turns to consumer discretionary and tech there will likely be a bunch of stocks getting routed, with high-profile stocks like Apple and Amazon (AMZN) being likely victims.What To Expect From Apple's Earnings: Not SustainableApple reports quarterly earnings after the market closes on Thursday, October 27th. As always, Apple's report will be followed by their quarterly earnings call (and posted on Seeking Alpha shortly after). Analysts expect earnings of $1.27 for the quarter. Apple no longer gives earnings guidance- there's no requirement to do so even though they did so in the past. But this causes investors to get too excited about Apple's prospects rather than actually looking at the numbers. For investors to expect profits to simply level off with the rug pulled on stimulus is naive. Even before the recent revisions, Wall Street analysts had only projected mid-single-digit EPS growth for Apple over the next few years. That's not a huge vote of confidence. If you take these estimates at face value, Apple trades for over 22x next fiscal year's earnings with middling growth prospects. By contrast, the S&P 500 currently trades for about 15.6x analyst earnings estimates and has roughly equal growth prospects. The long-running story for Apple of course has been growth in services revenue, but I expect that to slow dramatically as the amount they can squeeze Google (GOOG) dramatically slows. If Apple can tell TSMC (TSM) no on price increases, then Google can likely do the same for Apple.This wouldn't be so bad except for the likelihood that earnings estimates are wildly inflated due to the massive stimulus in 2021. Once you account for the stimulus, I don't think there's much that fundamentally changed for Apple, its products, or its business prospects. In fact, people are likely to delay upgrading iPhones for years since they upgraded en masse in 2021 and early 2022. Apple is oddly out of step with the rest of the industry on this- they recently had to pull a U-turn on a planned 7% ramp in production. We can draw some clues on demand from the broader semiconductor market, with Micron (MU) and Nvidia (NVDA) acknowledging the slowdown in September, with Intel (INTC) announcing weak results and job cuts shortly after. Taiwan Semiconductor announced results a few days ago and warned of weakening demand. There's also the issue of the strong dollar, which eats away at Apple's US dollar profits on sales made outside the US. If past cycles are any guide, earnings for mature consumer-centric companies like Apple are likely to fall substantially. Without stimulus, AAPL's earnings could easily trend back to a bit above its pre-pandemic numbers, pushing the stock below $100 and likely below $75. There are severe, structural problems with the ability of consumers to continue to spend at the rate they are, and consumer discretionary companies are on the frontlines of this change. Raging inflation, lack of stimulus, declines in real earnings, etc., all have a hand in this. And when the hammer eventually drops on student loan forbearance, that's another 1% or more of the national income sucked back into the U.S. Treasury- equivalent to a fairly broad income tax hike.Mega Cap Tech Valuations: Signal And NoiseThere's a classic experiment in statistics where if you put a bunch of people's guesses together, the highest numbers are likely to be overestimated, while the lowest numbers are likely to be underestimated. For example, if we poll 100 people on how many jellybeans are in a jar or what the margin of victory will be for a candidate in the midterm elections, the highest estimates are likely to be wrong. The high estimates tend to have more noise in them than the ones in the middle. Financial markets aren't so different. Research shows companies that have the world's largest market caps tend to subsequently underperform. High P/E ratios combined with high-popularity stocks end up being far more noise than signal and are best avoided.Apple is the world's most valuable company, and it has been this way for a while. But in contrast to my previous research on the disposition effect and Apple stock being worth more than the business as late as 2019, you simply can't justify the near tripling in price since then. By contrast, you can sell Apple and put your money in a basket of small-cap stocks (IJR) that are trading at similar valuations to 2019. Don't be fooled by stocks that see huge gains in share price without corresponding growth in the underlying business. History shows that doing this means you'll be consigned to years of low or negative returns.Bottom LineFor a variety of reasons that are unlikely to prove sustainable, Apple has nearly tripled in price since the summer of 2019. Seeking Alpha's quant model gives the stock an F for valuation and a D+ for growth. This mirrors the lack of enthusiasm for Wall Street analysts on Apple's growth prospects. AAPL is now among the most overvalued large-cap names. Investors should consider selling and either allocating to Treasury bills that pay 4-4.5% annually, or to small-cap stocks that trade for less than half the valuation of Apple. Do you agree? Feel free to share your thoughts in the comments!","news_type":1},"isVote":1,"tweetType":1,"viewCount":230,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9983174160,"gmtCreate":1666194021650,"gmtModify":1676537720977,"author":{"id":"4112191678947252","authorId":"4112191678947252","name":"ah meow","avatar":"https://community-static.tradeup.com/news/7e2066eed5d1f697bd83cf1f1fe2d716","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9983174160","repostId":"1178125812","repostType":4,"isVote":1,"tweetType":1,"viewCount":48,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9980143404,"gmtCreate":1665697508308,"gmtModify":1676537648979,"author":{"id":"4112191678947252","authorId":"4112191678947252","name":"ah meow","avatar":"https://community-static.tradeup.com/news/7e2066eed5d1f697bd83cf1f1fe2d716","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9980143404","repostId":"1174256425","repostType":4,"isVote":1,"tweetType":1,"viewCount":86,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":251309510619368,"gmtCreate":1702392219126,"gmtModify":1702392221410,"author":{"id":"4112191678947252","authorId":"4112191678947252","name":"ah meow","avatar":"https://community-static.tradeup.com/news/7e2066eed5d1f697bd83cf1f1fe2d716","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/GRAB\">$Grab Holdings(GRAB)$ </a>&nbsp;","listText":"<a href=\"https://ttm.financial/S/GRAB\">$Grab Holdings(GRAB)$ </a>&nbsp;","text":"$Grab Holdings(GRAB)$","images":[{"img":"https://community-static.tradeup.com/news/6ccfc55097a642b5f0a9896e7e6d8087","width":"596","height":"1005"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":1,"link":"https://ttm.financial/post/251309510619368","isVote":1,"tweetType":1,"viewCount":195,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9983174160,"gmtCreate":1666194021650,"gmtModify":1676537720977,"author":{"id":"4112191678947252","authorId":"4112191678947252","name":"ah meow","avatar":"https://community-static.tradeup.com/news/7e2066eed5d1f697bd83cf1f1fe2d716","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9983174160","repostId":"1178125812","repostType":4,"repost":{"id":"1178125812","pubTimestamp":1666189111,"share":"https://www.laohu8.com/m/news/1178125812?lang=&edition=full","pubTime":"2022-10-19 22:18","market":"us","language":"en","title":"Netflix and Lockheed Martin Upgrade, Best Buy Downgrades: Top Calls on Wall Street","url":"https://stock-news.laohu8.com/highlight/detail?id=1178125812","media":"the fly","summary":"Top 5 Upgrades:Deutsche Bank analyst Bryan Kraft upgraded Netflix(NFLX) to Buy from Hold with a pric","content":"<html><head></head><body><p><b>Top 5 Upgrades:</b></p><ul><li>Deutsche Bank analyst Bryan Kraft upgraded <b>Netflix</b>(NFLX) to Buy from Hold with a price target of $350, up from $270, following the company’s quarterly results. The analyst now sees visibility into a subscriber growth inflection point next year given that Netflix management has confirmed both the early 2023 introduction of its new measures designed to better monetize account sharing, and the early November timing of its advertising-based video on demand tier launch in 12 top markets. JPMorgan analyst Doug Anmuth also upgraded Netflix to Overweight from Neutral with a price target of $330, up from $240.</li><li>Baird analyst Peter Arment upgraded <b>Lockheed Martin</b>(LMT) to Outperform from Neutral with an unchanged price target of $513. Given the multi-year free cash flow outlook offered and 2023 guidance that met Street expectations, headline risks have been reduced, &#34;leaving little for bears,&#34; Arment told investors.</li><li>JPMorgan analyst Anne Samuel upgraded <b>Veeva Systems</b>(VEEV) to Neutral from Underweight with a price target of $170, down from $225. While the company&#39;s growth profile has decelerated and macro headwinds are pressuring the near-term, Veeva is not &#34;structurally broken,&#34; Samuel told investors in a research note.</li><li>Jefferies analyst Lloyd Byrne upgraded <b>Exxon Mobil</b>(XOM) to Buy from Hold with a price target of $133, up from $90, as he assumed coverage of the shares.</li><li>BofA analyst Lawson Winder upgraded <b>IAMGold</b>(IAG) to Buy from Underperform with a price target of $1.65, up from $1.20. The company&#39;s sale of Rosebel Gold Mines for $360M is well above his carrying value of $177M and represents a strong step in addressing the funding gap for the development of Cote Gold mine, the analyst told investors in a research note.</li></ul><h2><b>Top 5 Downgrades:</b></h2><ul><li>Evercore ISI analyst Greg Melich downgraded <b>Lowe&#39;s</b>(LOW) to In Line from Outperform with a $210 price target, down from $220. While Melich believes Lowe&#39;s management can get margins to 13% over time, further short-term slowdown of home improvement demand could trip the growth path.</li><li>Evercore ISI analyst Greg Melich downgraded <b>Best Buy</b>(BBY) to In Line from Outperform with a price target of $70, down from $80. Melich believes Best Buy comps could continue to run negative into 2023 as deflation sets in, telling investors in a research note that the firm is already seeing initial signs of consumer electronics deflation, and elevated inventory levels could put pressure on Best Buy&#39;s margins in the second half of 2022. The analyst also downgraded Advanced Auto Parts (AAP) to In Line from Outperform.</li><li>Craig-Hallum analyst Alex Nowak downgraded <b>Exact Sciences</b>(EXAS) to Hold from Buy with a price target of $35, down from $60. The analyst sees asymmetric risk forming in Exact Sciences&#39; shares and the likelihood shares could be capped.</li><li>Evercore ISI analyst Robert Ottenstein downgraded <b>Boston Beer</b>(SAM) to In Line from Outperform with an unchanged price target of $330. He believes that estimates for 2023 are &#34;too high&#34; and that the stock may need some time for investors to regain confidence.</li><li>JPMorgan analyst Andrea Teixeira double downgraded <b>Olaplex Holdings</b>(OLPX) to Underweight from Overweight with a price target of $8, down from $16, after the company announced a substantial guidance cut for 2022 did not affirm its medium-term targets. BofA analyst Jonathan Keypour also double downgraded Olaplex Holdings to Underperform from Buy, while Jefferies, Morgan Stanley, Raymond James, and Evercore ISI cut the stock to Neutral-equivalent ratings.</li></ul><h2><b>Top 5 Initiations:</b></h2><ul><li>Cowen analyst Max Rakhlenko initiated coverage of <b>Home Depot</b>(HD) with an Outperform rating and $350 price target. Rakhlenko is constructive on the opportunity to grow share, increase sales productivity, accelerate the flywheel, and expand EBIT margin as Home Depot&#39;s Pro ecosystem comes together. The analyst also started coverage of Lowe’s with a Market Perform rating.</li><li>Craig-Hallum analyst Alexander Nowak initiated coverage of <b>Guardant Health</b>(GH) with a Buy rating and a price target of $88. Ten years since Guardant&#39;s foundation and five years as a public company are just a precursor to its potential, says the analyst, who believes the company will &#34;dramatically change&#34; cancer care in the next five years using liquid biopsies.</li><li>Barrington analyst Vincent Colicchio initiated coverage of <b>Wayside Technology</b>(WSTG) with an Outperform rating and $40 price target. Wayside&#39;s strategy of partnering early with &#34;disruptive technology vendors early helps drive rapid growth, the analyst argues.</li><li>Piper Sandler analyst Harsh Kumar initiated coverage of <b>D-Wave Quantum</b>(QBTS) with an Overweight rating and $12 price target. The analyst noted that D-Wave is one of the very few revenue-producing companies with a functional quantum computer today.</li><li>Goldman Sachs analyst Gabriela Borges initiated coverage of <b>EverCommerce</b>(EVCM) with a Sell rating and $8 price target. While constructive on EverCommerce&#39;s ability to further penetrate its target verticals, the analyst believes it will be difficult for the company to execute its growth strategy over the following 12 months.</li></ul></body></html>","source":"lsy1649979459173","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 and Lockheed Martin Upgrade, Best Buy Downgrades: Top Calls on Wall Street</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 and Lockheed Martin Upgrade, Best Buy Downgrades: Top Calls on Wall Street\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-19 22:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thefly.com/landingPageNews.php?id=3598420&headline=NFLX;LMT;VEEV;XOM;IAG;LOW;BBY;AAP;EXAS;SAM;OLPX;HD;GH;WSTG;QBTS;EVCM-Street-Wrap-Todays-Top--Upgrades-Downgrades-Initiations><strong>the fly</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Top 5 Upgrades:Deutsche Bank analyst Bryan Kraft upgraded Netflix(NFLX) to Buy from Hold with a price target of $350, up from $270, following the company’s quarterly results. The analyst now sees ...</p>\n\n<a href=\"https://thefly.com/landingPageNews.php?id=3598420&headline=NFLX;LMT;VEEV;XOM;IAG;LOW;BBY;AAP;EXAS;SAM;OLPX;HD;GH;WSTG;QBTS;EVCM-Street-Wrap-Todays-Top--Upgrades-Downgrades-Initiations\">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","BBY":"百思买","LMT":"洛克希德马丁"},"source_url":"https://thefly.com/landingPageNews.php?id=3598420&headline=NFLX;LMT;VEEV;XOM;IAG;LOW;BBY;AAP;EXAS;SAM;OLPX;HD;GH;WSTG;QBTS;EVCM-Street-Wrap-Todays-Top--Upgrades-Downgrades-Initiations","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1178125812","content_text":"Top 5 Upgrades:Deutsche Bank analyst Bryan Kraft upgraded Netflix(NFLX) to Buy from Hold with a price target of $350, up from $270, following the company’s quarterly results. The analyst now sees visibility into a subscriber growth inflection point next year given that Netflix management has confirmed both the early 2023 introduction of its new measures designed to better monetize account sharing, and the early November timing of its advertising-based video on demand tier launch in 12 top markets. JPMorgan analyst Doug Anmuth also upgraded Netflix to Overweight from Neutral with a price target of $330, up from $240.Baird analyst Peter Arment upgraded Lockheed Martin(LMT) to Outperform from Neutral with an unchanged price target of $513. Given the multi-year free cash flow outlook offered and 2023 guidance that met Street expectations, headline risks have been reduced, \"leaving little for bears,\" Arment told investors.JPMorgan analyst Anne Samuel upgraded Veeva Systems(VEEV) to Neutral from Underweight with a price target of $170, down from $225. While the company's growth profile has decelerated and macro headwinds are pressuring the near-term, Veeva is not \"structurally broken,\" Samuel told investors in a research note.Jefferies analyst Lloyd Byrne upgraded Exxon Mobil(XOM) to Buy from Hold with a price target of $133, up from $90, as he assumed coverage of the shares.BofA analyst Lawson Winder upgraded IAMGold(IAG) to Buy from Underperform with a price target of $1.65, up from $1.20. The company's sale of Rosebel Gold Mines for $360M is well above his carrying value of $177M and represents a strong step in addressing the funding gap for the development of Cote Gold mine, the analyst told investors in a research note.Top 5 Downgrades:Evercore ISI analyst Greg Melich downgraded Lowe's(LOW) to In Line from Outperform with a $210 price target, down from $220. While Melich believes Lowe's management can get margins to 13% over time, further short-term slowdown of home improvement demand could trip the growth path.Evercore ISI analyst Greg Melich downgraded Best Buy(BBY) to In Line from Outperform with a price target of $70, down from $80. Melich believes Best Buy comps could continue to run negative into 2023 as deflation sets in, telling investors in a research note that the firm is already seeing initial signs of consumer electronics deflation, and elevated inventory levels could put pressure on Best Buy's margins in the second half of 2022. The analyst also downgraded Advanced Auto Parts (AAP) to In Line from Outperform.Craig-Hallum analyst Alex Nowak downgraded Exact Sciences(EXAS) to Hold from Buy with a price target of $35, down from $60. The analyst sees asymmetric risk forming in Exact Sciences' shares and the likelihood shares could be capped.Evercore ISI analyst Robert Ottenstein downgraded Boston Beer(SAM) to In Line from Outperform with an unchanged price target of $330. He believes that estimates for 2023 are \"too high\" and that the stock may need some time for investors to regain confidence.JPMorgan analyst Andrea Teixeira double downgraded Olaplex Holdings(OLPX) to Underweight from Overweight with a price target of $8, down from $16, after the company announced a substantial guidance cut for 2022 did not affirm its medium-term targets. BofA analyst Jonathan Keypour also double downgraded Olaplex Holdings to Underperform from Buy, while Jefferies, Morgan Stanley, Raymond James, and Evercore ISI cut the stock to Neutral-equivalent ratings.Top 5 Initiations:Cowen analyst Max Rakhlenko initiated coverage of Home Depot(HD) with an Outperform rating and $350 price target. Rakhlenko is constructive on the opportunity to grow share, increase sales productivity, accelerate the flywheel, and expand EBIT margin as Home Depot's Pro ecosystem comes together. The analyst also started coverage of Lowe’s with a Market Perform rating.Craig-Hallum analyst Alexander Nowak initiated coverage of Guardant Health(GH) with a Buy rating and a price target of $88. Ten years since Guardant's foundation and five years as a public company are just a precursor to its potential, says the analyst, who believes the company will \"dramatically change\" cancer care in the next five years using liquid biopsies.Barrington analyst Vincent Colicchio initiated coverage of Wayside Technology(WSTG) with an Outperform rating and $40 price target. Wayside's strategy of partnering early with \"disruptive technology vendors early helps drive rapid growth, the analyst argues.Piper Sandler analyst Harsh Kumar initiated coverage of D-Wave Quantum(QBTS) with an Overweight rating and $12 price target. The analyst noted that D-Wave is one of the very few revenue-producing companies with a functional quantum computer today.Goldman Sachs analyst Gabriela Borges initiated coverage of EverCommerce(EVCM) with a Sell rating and $8 price target. While constructive on EverCommerce's ability to further penetrate its target verticals, the analyst believes it will be difficult for the company to execute its growth strategy over the following 12 months.","news_type":1},"isVote":1,"tweetType":1,"viewCount":48,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9983174533,"gmtCreate":1666194068322,"gmtModify":1676537720992,"author":{"id":"4112191678947252","authorId":"4112191678947252","name":"ah meow","avatar":"https://community-static.tradeup.com/news/7e2066eed5d1f697bd83cf1f1fe2d716","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9983174533","repostId":"1163149585","repostType":4,"repost":{"id":"1163149585","pubTimestamp":1666188491,"share":"https://www.laohu8.com/m/news/1163149585?lang=&edition=full","pubTime":"2022-10-19 22:08","market":"us","language":"en","title":"Apple Earnings Are Likely To Bomb Going Forward","url":"https://stock-news.laohu8.com/highlight/detail?id=1163149585","media":"Seeking Alpha","summary":"SummaryApple is going against astounding year-over-year comps from 2021's free-money/YOLO economy. B","content":"<html><head></head><body><h2>Summary</h2><ul><li>Apple is going against astounding year-over-year comps from 2021&#39;s free-money/YOLO economy. But as the economy softens, are people really going to go out of their way to upgrade their iPhones?</li><li>2021 was &#34;peak everything&#34; for consumers, with spending on consumer goods like Apple&#39;s products being a key bellwether.</li><li>Apple&#39;s U-turn on its planned iPhone production ramp is a clear early warning signal for earnings to decline, but few investors are listening.</li><li>Apple has also been a prime beneficiary of tax cuts, QE, and stimulus, while the underlying net income of its business looks more sluggish and cyclical.</li><li>While Apple is a decent business, you should not get sucked into paying high PE ratios for popular stocks with earnings at cyclical peaks, or your portfolio will likely suffer the consequences.</li></ul><p>Some buy-and-hold investors may consider this blasphemy, but since late 2019 Apple&#39;s (NASDAQ:AAPL) stock price has grown increasingly disconnected from the reality of its underlying business. Apple&#39;s stock is ground zero for investors that expect stimulus-fueled levels of consumer spending to last forever. In reality, investors are tripping over each other to pay a peak multiple for consumer discretionary stocks like AAPL at peak earnings. This is unlikely to succeed as an investing strategy. To this point, the present valuation of Apple is a gift to investors, who now have the opportunity to sell while the stock is overvalued and allocate money elsewhere.</p><p><img src=\"https://static.tigerbbs.com/c74fbc6467060e07ea0d8b8477c0a63f\" tg-width=\"635\" tg-height=\"417\" referrerpolicy=\"no-referrer\"/>Data by YCharts</p><h3>The Pandemic Didn&#39;t Fundamentally Change Apple&#39;s Business</h3><p>Of course, Apple is a profitable business. But the beauty of looking at Apple&#39;s income statement is that it can tell you why the company is making more money and whether the share price is increasing faster or slower than the business.</p><p>Apple&#39;s share price shows powerful gains, trading for about 5.9x more than it did 10 years ago.</p><p>EPS is up a lot over the last 10 years (3.8x), but not as much as the share price.</p><p>And EPS, in turn, is up a lot more than net income (2.4x).</p><p>When you subtract out corporate tax cuts and the benefit from lower interest rates, earnings are only 2.1x the levels of 10 years ago.</p><p>Moreover, nearly all of this growth has come recently during the pandemic. From 2012 to 2019, earnings before interest and taxes had only grown about 16%! The rest was all from tax cuts, lower interest rates, stimulus, and Apple&#39;s buyback. Not to discount the wisdom of buybacks in general- it was great when Apple was buying its shares back at like 10x earnings. But recently at 30x earnings? Not so much!</p><p>It&#39;s strange when you think about it, but Apple&#39;s story has been similarly borne out among thousands of companies with the same trend of Market Cap Growth &gt; EPS Growth&gt; Net Income Growth&gt; EBIT Growth. Valuations have risen faster than earnings, which in turn have been juiced by stimulus, falling interest rates, and deficit-financed corporate tax cuts. In the end, investors are getting a lot of sizzle and not much steak.</p><p>If you&#39;re buying Apple here, you really need a compelling reason why Apple&#39;s business has fundamentally improved since 2019. I don&#39;t see one, besides people getting free money from the government. iPhone sales have been higher post-pandemic than previously, but consider that the US government handed out approximately $10,000 per family in stimulus in 2021. That&#39;s tax-free cash in addition to wages 95% of people were making working in 2021, so it was generally pure profit to recipients. In addition, remember that consumers had limited choices for travel, entertainment, and events, which directed spending towards consumer goods like Apple&#39;s.</p><p>But what will happen to consumer spending this holiday season without $10,000 per family in free money and with raging inflation squeezing budgets? A massive miss in profits for consumer discretionary companies is the most likely outcome. Analysts are now slowly starting the process of revising Apple&#39;s earnings estimates down. The danger here is deceptive, as evidenced by the recent earnings misses of Adobe (ADBE), FedEx (FDX), and Restoration Hardware (RH) that reported off-cycle. Traders are excited because banks like Bank of America (BAC) reported higher profits from the Fed&#39;s interest rate hiking campaign. However, as the earnings cycle turns to consumer discretionary and tech there will likely be a bunch of stocks getting routed, with high-profile stocks like Apple and Amazon (AMZN) being likely victims.</p><h3>What To Expect From Apple&#39;s Earnings: Not Sustainable</h3><p>Apple reports quarterly earnings after the market closes on Thursday, October 27th. As always, Apple&#39;s report will be followed by their quarterly earnings call (and posted on Seeking Alpha shortly after). Analysts expect earnings of $1.27 for the quarter. Apple no longer gives earnings guidance- there&#39;s no requirement to do so even though they did so in the past. But this causes investors to get too excited about Apple&#39;s prospects rather than actually looking at the numbers. For investors to expect profits to simply level off with the rug pulled on stimulus is naive. Even before the recent revisions, Wall Street analysts had only projected mid-single-digit EPS growth for Apple over the next few years. That&#39;s not a huge vote of confidence. If you take these estimates at face value, Apple trades for over 22x next fiscal year&#39;s earnings with middling growth prospects. By contrast, the S&amp;P 500 currently trades for about 15.6x analyst earnings estimates and has roughly equal growth prospects. The long-running story for Apple of course has been growth in services revenue, but I expect that to slow dramatically as the amount they can squeeze Google (GOOG) dramatically slows. If Apple can tell TSMC (TSM) no on price increases, then Google can likely do the same for Apple.</p><p>This wouldn&#39;t be so bad except for the likelihood that earnings estimates are wildly inflated due to the massive stimulus in 2021. Once you account for the stimulus, I don&#39;t think there&#39;s much that fundamentally changed for Apple, its products, or its business prospects. In fact, people are likely to delay upgrading iPhones for years since they upgraded en masse in 2021 and early 2022. Apple is oddly out of step with the rest of the industry on this- they recently had to pull a U-turn on a planned 7% ramp in production. We can draw some clues on demand from the broader semiconductor market, with Micron (MU) and Nvidia (NVDA) acknowledging the slowdown in September, with Intel (INTC) announcing weak results and job cuts shortly after. Taiwan Semiconductor announced results a few days ago and warned of weakening demand. There&#39;s also the issue of the strong dollar, which eats away at Apple&#39;s US dollar profits on sales made outside the US. If past cycles are any guide, earnings for mature consumer-centric companies like Apple are likely to fall substantially. Without stimulus, AAPL&#39;s earnings could easily trend back to a bit above its pre-pandemic numbers, pushing the stock below $100 and likely below $75. There are severe, structural problems with the ability of consumers to continue to spend at the rate they are, and consumer discretionary companies are on the frontlines of this change. Raging inflation, lack of stimulus, declines in real earnings, etc., all have a hand in this. And when the hammer eventually drops on student loan forbearance, that&#39;s another 1% or more of the national income sucked back into the U.S. Treasury- equivalent to a fairly broad income tax hike.</p><h3>Mega Cap Tech Valuations: Signal And Noise</h3><p>There&#39;s a classic experiment in statistics where if you put a bunch of people&#39;s guesses together, the highest numbers are likely to be overestimated, while the lowest numbers are likely to be underestimated. For example, if we poll 100 people on how many jellybeans are in a jar or what the margin of victory will be for a candidate in the midterm elections, the highest estimates are likely to be wrong. The high estimates tend to have more noise in them than the ones in the middle. Financial markets aren&#39;t so different. Research shows companies that have the world&#39;s largest market caps tend to subsequently underperform. High P/E ratios combined with high-popularity stocks end up being far more noise than signal and are best avoided.</p><p>Apple is the world&#39;s most valuable company, and it has been this way for a while. But in contrast to my previous research on the disposition effect and Apple stock being worth more than the business as late as 2019, you simply can&#39;t justify the near tripling in price since then. By contrast, you can sell Apple and put your money in a basket of small-cap stocks (IJR) that are trading at similar valuations to 2019. Don&#39;t be fooled by stocks that see huge gains in share price without corresponding growth in the underlying business. History shows that doing this means you&#39;ll be consigned to years of low or negative returns.</p><h3>Bottom Line</h3><p>For a variety of reasons that are unlikely to prove sustainable, Apple has nearly tripled in price since the summer of 2019. Seeking Alpha&#39;s quant model gives the stock an F for valuation and a D+ for growth. This mirrors the lack of enthusiasm for Wall Street analysts on Apple&#39;s growth prospects. AAPL is now among the most overvalued large-cap names. Investors should consider selling and either allocating to Treasury bills that pay 4-4.5% annually, or to small-cap stocks that trade for less than half the valuation of Apple. Do you agree? Feel free to share your thoughts in the comments!</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 Earnings Are Likely To Bomb Going Forward</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 Earnings Are Likely To Bomb Going Forward\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-19 22:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4547242-apple-earnings-are-likely-to-bomb-going-forward><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryApple is going against astounding year-over-year comps from 2021's free-money/YOLO economy. But as the economy softens, are people really going to go out of their way to upgrade their iPhones?...</p>\n\n<a href=\"https://seekingalpha.com/article/4547242-apple-earnings-are-likely-to-bomb-going-forward\">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/4547242-apple-earnings-are-likely-to-bomb-going-forward","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163149585","content_text":"SummaryApple is going against astounding year-over-year comps from 2021's free-money/YOLO economy. But as the economy softens, are people really going to go out of their way to upgrade their iPhones?2021 was \"peak everything\" for consumers, with spending on consumer goods like Apple's products being a key bellwether.Apple's U-turn on its planned iPhone production ramp is a clear early warning signal for earnings to decline, but few investors are listening.Apple has also been a prime beneficiary of tax cuts, QE, and stimulus, while the underlying net income of its business looks more sluggish and cyclical.While Apple is a decent business, you should not get sucked into paying high PE ratios for popular stocks with earnings at cyclical peaks, or your portfolio will likely suffer the consequences.Some buy-and-hold investors may consider this blasphemy, but since late 2019 Apple's (NASDAQ:AAPL) stock price has grown increasingly disconnected from the reality of its underlying business. Apple's stock is ground zero for investors that expect stimulus-fueled levels of consumer spending to last forever. In reality, investors are tripping over each other to pay a peak multiple for consumer discretionary stocks like AAPL at peak earnings. This is unlikely to succeed as an investing strategy. To this point, the present valuation of Apple is a gift to investors, who now have the opportunity to sell while the stock is overvalued and allocate money elsewhere.Data by YChartsThe Pandemic Didn't Fundamentally Change Apple's BusinessOf course, Apple is a profitable business. But the beauty of looking at Apple's income statement is that it can tell you why the company is making more money and whether the share price is increasing faster or slower than the business.Apple's share price shows powerful gains, trading for about 5.9x more than it did 10 years ago.EPS is up a lot over the last 10 years (3.8x), but not as much as the share price.And EPS, in turn, is up a lot more than net income (2.4x).When you subtract out corporate tax cuts and the benefit from lower interest rates, earnings are only 2.1x the levels of 10 years ago.Moreover, nearly all of this growth has come recently during the pandemic. From 2012 to 2019, earnings before interest and taxes had only grown about 16%! The rest was all from tax cuts, lower interest rates, stimulus, and Apple's buyback. Not to discount the wisdom of buybacks in general- it was great when Apple was buying its shares back at like 10x earnings. But recently at 30x earnings? Not so much!It's strange when you think about it, but Apple's story has been similarly borne out among thousands of companies with the same trend of Market Cap Growth > EPS Growth> Net Income Growth> EBIT Growth. Valuations have risen faster than earnings, which in turn have been juiced by stimulus, falling interest rates, and deficit-financed corporate tax cuts. In the end, investors are getting a lot of sizzle and not much steak.If you're buying Apple here, you really need a compelling reason why Apple's business has fundamentally improved since 2019. I don't see one, besides people getting free money from the government. iPhone sales have been higher post-pandemic than previously, but consider that the US government handed out approximately $10,000 per family in stimulus in 2021. That's tax-free cash in addition to wages 95% of people were making working in 2021, so it was generally pure profit to recipients. In addition, remember that consumers had limited choices for travel, entertainment, and events, which directed spending towards consumer goods like Apple's.But what will happen to consumer spending this holiday season without $10,000 per family in free money and with raging inflation squeezing budgets? A massive miss in profits for consumer discretionary companies is the most likely outcome. Analysts are now slowly starting the process of revising Apple's earnings estimates down. The danger here is deceptive, as evidenced by the recent earnings misses of Adobe (ADBE), FedEx (FDX), and Restoration Hardware (RH) that reported off-cycle. Traders are excited because banks like Bank of America (BAC) reported higher profits from the Fed's interest rate hiking campaign. However, as the earnings cycle turns to consumer discretionary and tech there will likely be a bunch of stocks getting routed, with high-profile stocks like Apple and Amazon (AMZN) being likely victims.What To Expect From Apple's Earnings: Not SustainableApple reports quarterly earnings after the market closes on Thursday, October 27th. As always, Apple's report will be followed by their quarterly earnings call (and posted on Seeking Alpha shortly after). Analysts expect earnings of $1.27 for the quarter. Apple no longer gives earnings guidance- there's no requirement to do so even though they did so in the past. But this causes investors to get too excited about Apple's prospects rather than actually looking at the numbers. For investors to expect profits to simply level off with the rug pulled on stimulus is naive. Even before the recent revisions, Wall Street analysts had only projected mid-single-digit EPS growth for Apple over the next few years. That's not a huge vote of confidence. If you take these estimates at face value, Apple trades for over 22x next fiscal year's earnings with middling growth prospects. By contrast, the S&P 500 currently trades for about 15.6x analyst earnings estimates and has roughly equal growth prospects. The long-running story for Apple of course has been growth in services revenue, but I expect that to slow dramatically as the amount they can squeeze Google (GOOG) dramatically slows. If Apple can tell TSMC (TSM) no on price increases, then Google can likely do the same for Apple.This wouldn't be so bad except for the likelihood that earnings estimates are wildly inflated due to the massive stimulus in 2021. Once you account for the stimulus, I don't think there's much that fundamentally changed for Apple, its products, or its business prospects. In fact, people are likely to delay upgrading iPhones for years since they upgraded en masse in 2021 and early 2022. Apple is oddly out of step with the rest of the industry on this- they recently had to pull a U-turn on a planned 7% ramp in production. We can draw some clues on demand from the broader semiconductor market, with Micron (MU) and Nvidia (NVDA) acknowledging the slowdown in September, with Intel (INTC) announcing weak results and job cuts shortly after. Taiwan Semiconductor announced results a few days ago and warned of weakening demand. There's also the issue of the strong dollar, which eats away at Apple's US dollar profits on sales made outside the US. If past cycles are any guide, earnings for mature consumer-centric companies like Apple are likely to fall substantially. Without stimulus, AAPL's earnings could easily trend back to a bit above its pre-pandemic numbers, pushing the stock below $100 and likely below $75. There are severe, structural problems with the ability of consumers to continue to spend at the rate they are, and consumer discretionary companies are on the frontlines of this change. Raging inflation, lack of stimulus, declines in real earnings, etc., all have a hand in this. And when the hammer eventually drops on student loan forbearance, that's another 1% or more of the national income sucked back into the U.S. Treasury- equivalent to a fairly broad income tax hike.Mega Cap Tech Valuations: Signal And NoiseThere's a classic experiment in statistics where if you put a bunch of people's guesses together, the highest numbers are likely to be overestimated, while the lowest numbers are likely to be underestimated. For example, if we poll 100 people on how many jellybeans are in a jar or what the margin of victory will be for a candidate in the midterm elections, the highest estimates are likely to be wrong. The high estimates tend to have more noise in them than the ones in the middle. Financial markets aren't so different. Research shows companies that have the world's largest market caps tend to subsequently underperform. High P/E ratios combined with high-popularity stocks end up being far more noise than signal and are best avoided.Apple is the world's most valuable company, and it has been this way for a while. But in contrast to my previous research on the disposition effect and Apple stock being worth more than the business as late as 2019, you simply can't justify the near tripling in price since then. By contrast, you can sell Apple and put your money in a basket of small-cap stocks (IJR) that are trading at similar valuations to 2019. Don't be fooled by stocks that see huge gains in share price without corresponding growth in the underlying business. History shows that doing this means you'll be consigned to years of low or negative returns.Bottom LineFor a variety of reasons that are unlikely to prove sustainable, Apple has nearly tripled in price since the summer of 2019. Seeking Alpha's quant model gives the stock an F for valuation and a D+ for growth. This mirrors the lack of enthusiasm for Wall Street analysts on Apple's growth prospects. AAPL is now among the most overvalued large-cap names. Investors should consider selling and either allocating to Treasury bills that pay 4-4.5% annually, or to small-cap stocks that trade for less than half the valuation of Apple. Do you agree? Feel free to share your thoughts in the comments!","news_type":1},"isVote":1,"tweetType":1,"viewCount":230,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9983174488,"gmtCreate":1666194088145,"gmtModify":1676537720992,"author":{"id":"4112191678947252","authorId":"4112191678947252","name":"ah meow","avatar":"https://community-static.tradeup.com/news/7e2066eed5d1f697bd83cf1f1fe2d716","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9983174488","repostId":"2276483647","repostType":4,"repost":{"id":"2276483647","pubTimestamp":1666192999,"share":"https://www.laohu8.com/m/news/2276483647?lang=&edition=full","pubTime":"2022-10-19 23:23","market":"us","language":"en","title":"Spirit Airlines Gained 2.21% as Shareholders Approve JetBlue Merger","url":"https://stock-news.laohu8.com/highlight/detail?id=2276483647","media":"seekingalpha","summary":"After months of postponement, Spirit Airlines (NYSE:SAVE) shareholders approved a merger agreement w","content":"<html><head></head><body><p>After months of postponement, <a href=\"https://laohu8.com/S/SAVE\">Spirit Airlines</a> (NYSE:SAVE) shareholders approved a merger agreement with JetBlue Airways (NASDAQ:JBLU) on Wednesday.</p><p>According to preliminary voting results, the two airlines indicated that the deal is expected to be approved. Spirit indicated that the deal should close “no later than the first half of 2024” after a regulatory review.</p><p>&#34;This is an important step forward on our path to closing a combination that will create the most compelling national low-fare challenger to the dominant U.S. carriers,” Spirit Airlines CEO Ted Christie said. “We look forward to continuing our ongoing discussions with regulators as we work toward completing the transaction and delivering value to Team Members, Guests and stockholders.&#34;</p><p>Regulatory concerns had previously held Christie back from endorsing JetBlue’s offer. Instead, he had vocally supported a proposed takeover by Frontier Air Group (ULCC) throughout the spring and summer.</p><p>“Spirit believes JetBlue&#39;s proposals and offer are a cynical attempt to disrupt Spirit&#39;s merger with Frontier, which JetBlue views as a competitive threat,” Christie said in May.</p><p>Shares of Spirit Airlines (SAVE) gained 2.21% while JetBlue Airways (JBLU) dropped 0.33%.</p><p><img src=\"https://static.tigerbbs.com/cddd07efc8969a6fe5ea2dbd1f73920b\" tg-width=\"827\" tg-height=\"829\" width=\"100%\" height=\"auto\"/><img src=\"https://static.tigerbbs.com/5bc058285fc909e32c656e5349e350fe\" tg-width=\"816\" tg-height=\"839\" width=\"100%\" height=\"auto\"/></p><p>Read more on Senator Elizabeth Warren&#39;s efforts to block the deal.</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>Spirit Airlines Gained 2.21% as Shareholders Approve JetBlue Merger</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\">\nSpirit Airlines Gained 2.21% as Shareholders Approve JetBlue Merger\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-19 23:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3892654-spirit-shareholders-approve-jetblue-merger><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>After months of postponement, Spirit Airlines (NYSE:SAVE) shareholders approved a merger agreement with JetBlue Airways (NASDAQ:JBLU) on Wednesday.According to preliminary voting results, the two ...</p>\n\n<a href=\"https://seekingalpha.com/news/3892654-spirit-shareholders-approve-jetblue-merger\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4539":"次新股","BK4500":"航空公司","ULCC":"Frontier Group Holdings, Inc.","JBLU":"捷蓝航空","BK4008":"航空公司","SAVE":"Spirit Airlines"},"source_url":"https://seekingalpha.com/news/3892654-spirit-shareholders-approve-jetblue-merger","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2276483647","content_text":"After months of postponement, Spirit Airlines (NYSE:SAVE) shareholders approved a merger agreement with JetBlue Airways (NASDAQ:JBLU) on Wednesday.According to preliminary voting results, the two airlines indicated that the deal is expected to be approved. Spirit indicated that the deal should close “no later than the first half of 2024” after a regulatory review.\"This is an important step forward on our path to closing a combination that will create the most compelling national low-fare challenger to the dominant U.S. carriers,” Spirit Airlines CEO Ted Christie said. “We look forward to continuing our ongoing discussions with regulators as we work toward completing the transaction and delivering value to Team Members, Guests and stockholders.\"Regulatory concerns had previously held Christie back from endorsing JetBlue’s offer. Instead, he had vocally supported a proposed takeover by Frontier Air Group (ULCC) throughout the spring and summer.“Spirit believes JetBlue's proposals and offer are a cynical attempt to disrupt Spirit's merger with Frontier, which JetBlue views as a competitive threat,” Christie said in May.Shares of Spirit Airlines (SAVE) gained 2.21% while JetBlue Airways (JBLU) dropped 0.33%.Read more on Senator Elizabeth Warren's efforts to block the deal.","news_type":1},"isVote":1,"tweetType":1,"viewCount":89,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":288337790800080,"gmtCreate":1711417558407,"gmtModify":1711417562947,"author":{"id":"4112191678947252","authorId":"4112191678947252","name":"ah meow","avatar":"https://community-static.tradeup.com/news/7e2066eed5d1f697bd83cf1f1fe2d716","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Share price are to high.","listText":"Share price are to high.","text":"Share price are to high.","images":[{"img":"https://community-static.tradeup.com/news/38dc12165e556501374880e16b1f3363","width":"596","height":"1005"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/288337790800080","isVote":1,"tweetType":1,"viewCount":52,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":274598067032328,"gmtCreate":1708078338266,"gmtModify":1708078343001,"author":{"id":"4112191678947252","authorId":"4112191678947252","name":"ah 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Inc.(NIO.SI)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp;","listText":"<a href=\"https://ttm.financial/S/NIO.SI\">$NIO Inc.(NIO.SI)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp;","text":"$NIO Inc.(NIO.SI)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/271277900288112","isVote":1,"tweetType":1,"viewCount":132,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":271266227142872,"gmtCreate":1707265056468,"gmtModify":1707265060958,"author":{"id":"4112191678947252","authorId":"4112191678947252","name":"ah 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Devices(AMD)$ </a>&nbsp;","listText":"<a href=\"https://ttm.financial/S/AMD\">$Advanced Micro Devices(AMD)$ </a>&nbsp;","text":"$Advanced Micro Devices(AMD)$","images":[{"img":"https://community-static.tradeup.com/news/463f7052ff2daddb14d4e1792b7f1668","width":"596","height":"1005"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/252162888171736","isVote":1,"tweetType":1,"viewCount":50,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":252163278979264,"gmtCreate":1702597014125,"gmtModify":1702597017046,"author":{"id":"4112191678947252","authorId":"4112191678947252","name":"ah meow","avatar":"https://community-static.tradeup.com/news/7e2066eed5d1f697bd83cf1f1fe2d716","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/AMD\">$Advanced Micro Devices(AMD)$ </a>&nbsp;","listText":"<a href=\"https://ttm.financial/S/AMD\">$Advanced Micro Devices(AMD)$ </a>&nbsp;","text":"$Advanced Micro Devices(AMD)$","images":[{"img":"https://community-static.tradeup.com/news/33971b0a410e817c41e2545a59705938","width":"596","height":"1005"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/252163278979264","isVote":1,"tweetType":1,"viewCount":179,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":251310302625848,"gmtCreate":1702392266165,"gmtModify":1702392268409,"author":{"id":"4112191678947252","authorId":"4112191678947252","name":"ah meow","avatar":"https://community-static.tradeup.com/news/7e2066eed5d1f697bd83cf1f1fe2d716","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/GRAB\">$Grab Holdings(GRAB)$ </a>&nbsp;","listText":"<a href=\"https://ttm.financial/S/GRAB\">$Grab Holdings(GRAB)$ </a>&nbsp;","text":"$Grab Holdings(GRAB)$","images":[{"img":"https://community-static.tradeup.com/news/bd7c51d461d7844e3eacf95e78b39de3","width":"596","height":"1005"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/251310302625848","isVote":1,"tweetType":1,"viewCount":245,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":235341709934712,"gmtCreate":1698489336385,"gmtModify":1698489340429,"author":{"id":"4112191678947252","authorId":"4112191678947252","name":"ah meow","avatar":"https://community-static.tradeup.com/news/7e2066eed5d1f697bd83cf1f1fe2d716","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false},"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/235341709934712","repostId":"235331302240344","repostType":1,"repost":{"id":235331302240344,"gmtCreate":1698486824647,"gmtModify":1698486830386,"author":{"id":"3560474608445356","authorId":"3560474608445356","name":"Phantom121","avatar":"https://community-static.tradeup.com/news/e8c486af0a68427c4203e2d36d27c057","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"Happy Halloween 🎃.&nbsp;&nbsp;","listText":"Happy Halloween 🎃.&nbsp;&nbsp;","text":"Happy Halloween 🎃.","images":[{"img":"https://community-static.tradeup.com/news/5c42946279495b6d459ca20358b83541","width":"1125","height":"980"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/235331302240344","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":290,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":221573845971056,"gmtCreate":1695131846351,"gmtModify":1695131850534,"author":{"id":"4112191678947252","authorId":"4112191678947252","name":"ah meow","avatar":"https://community-static.tradeup.com/news/7e2066eed5d1f697bd83cf1f1fe2d716","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false},"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/221573845971056","repostId":"221239987916808","repostType":1,"repost":{"id":221239987916808,"gmtCreate":1695040286087,"gmtModify":1695040302713,"author":{"id":"3527667626267411","authorId":"3527667626267411","name":"Value_investing","avatar":"https://community-static.tradeup.com/news/89ffffc59ff9ac9cb9cb74f596418d44","crmLevel":0,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"title":"Is this semiconductor pullback a buying opportunity?","htmlText":"Recently, semiconductor company stock prices have significantly pullbacked, among which:Lithography giant <a href=\"https://ttm.financial/S/ASML\">$ASML Holding NV(ASML)$</a> corrected 22.5%; <a href=\"https://ttm.financial/S/AMAT\">$Applied Materials(AMAT)$</a> , the world's largest semiconductor equipment company, saw an 11% pullback; <a href=\"https://ttm.financial/S/AMD\">$Advanced Micro Devices(AMD)$</a> pullbacked 23.6%;Chip contract manufacturing giant <a href=\"https://ttm.financial/S/TSM\">$Taiwan Semiconductor Manufacturing(TSM)$</a> back 19.4%...What happened? Is this semiconductor pullback a buying opportunity?In general, the main reason for this wave of semiconductor pullback is that semiconductor fundamentals cannot match skyrocketing stock prices.For example, Applied Materials, befo","listText":"Recently, semiconductor company stock prices have significantly pullbacked, among which:Lithography giant <a href=\"https://ttm.financial/S/ASML\">$ASML Holding NV(ASML)$</a> corrected 22.5%; <a href=\"https://ttm.financial/S/AMAT\">$Applied Materials(AMAT)$</a> , the world's largest semiconductor equipment company, saw an 11% pullback; <a href=\"https://ttm.financial/S/AMD\">$Advanced Micro Devices(AMD)$</a> pullbacked 23.6%;Chip contract manufacturing giant <a href=\"https://ttm.financial/S/TSM\">$Taiwan Semiconductor Manufacturing(TSM)$</a> back 19.4%...What happened? Is this semiconductor pullback a buying opportunity?In general, the main reason for this wave of semiconductor pullback is that semiconductor fundamentals cannot match skyrocketing stock prices.For example, Applied Materials, befo","text":"Recently, semiconductor company stock prices have significantly pullbacked, among which:Lithography giant $ASML Holding NV(ASML)$ corrected 22.5%; $Applied Materials(AMAT)$ , the world's largest semiconductor equipment company, saw an 11% pullback; $Advanced Micro Devices(AMD)$ pullbacked 23.6%;Chip contract manufacturing giant $Taiwan Semiconductor Manufacturing(TSM)$ back 19.4%...What happened? Is this semiconductor pullback a buying opportunity?In general, the main reason for this wave of semiconductor pullback is that semiconductor fundamentals cannot match skyrocketing stock prices.For example, Applied Materials, befo","images":[{"img":"https://community-static.tradeup.com/news/91f239a8f8b9aa7d2adcff5095ad599c","width":"850","height":"207"},{"img":"https://community-static.tradeup.com/news/b625dd30367ffab49fec1c0c9d9d71ca","width":"874","height":"386"},{"img":"https://community-static.tradeup.com/news/c1ea06805432e89b31a943802605f4c8","width":"1158","height":"452"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/221239987916808","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":4,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":300,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":213267584557264,"gmtCreate":1693107257698,"gmtModify":1693107261121,"author":{"id":"4112191678947252","authorId":"4112191678947252","name":"ah meow","avatar":"https://community-static.tradeup.com/news/7e2066eed5d1f697bd83cf1f1fe2d716","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false},"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/213267584557264","repostId":"212746678259824","repostType":1,"repost":{"id":212746678259824,"gmtCreate":1692972420990,"gmtModify":1692974567368,"author":{"id":"3527667628464496","authorId":"3527667628464496","name":"Tiger_Newspress","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"title":"Fed Chair Powell Calls Inflation \"Too High\" and Warns That \"We Are Prepared to Raise Rates Further\"","htmlText":"KEY POINTSWhile acknowledging that progress has been made, the central bank leader said inflation is still above where policymakers feel comfortable.The speech resembled remarks Powell made last year at Jackson Hole, during which he warned that “some pain” was likely as the Fed continues its efforts to pull runaway inflation back down to its 2% goal.Federal Reserve Chair Jerome Powell on Friday called for more vigilance in the fight against inflation, warning that additional interest rate increases could be yet to come.While acknowledging that progress has been made, the central bank leader said inflation is still above where policymakers feel comfortable. He noted that the Fed will remain flexible as it contemplates further moves, but gave little indication that it’s ready to start easing","listText":"KEY POINTSWhile acknowledging that progress has been made, the central bank leader said inflation is still above where policymakers feel comfortable.The speech resembled remarks Powell made last year at Jackson Hole, during which he warned that “some pain” was likely as the Fed continues its efforts to pull runaway inflation back down to its 2% goal.Federal Reserve Chair Jerome Powell on Friday called for more vigilance in the fight against inflation, warning that additional interest rate increases could be yet to come.While acknowledging that progress has been made, the central bank leader said inflation is still above where policymakers feel comfortable. He noted that the Fed will remain flexible as it contemplates further moves, but gave little indication that it’s ready to start easing","text":"KEY POINTSWhile acknowledging that progress has been made, the central bank leader said inflation is still above where policymakers feel comfortable.The speech resembled remarks Powell made last year at Jackson Hole, during which he warned that “some pain” was likely as the Fed continues its efforts to pull runaway inflation back down to its 2% goal.Federal Reserve Chair Jerome Powell on Friday called for more vigilance in the fight against inflation, warning that additional interest rate increases could be yet to come.While acknowledging that progress has been made, the central bank leader said inflation is still above where policymakers feel comfortable. He noted that the Fed will remain flexible as it contemplates further moves, but gave little indication that it’s ready to start easing","images":[{"img":"https://community-static.tradeup.com/news/65d48fe70b5f8a345e984a371a9e677a","width":"929","height":"523"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/212746678259824","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":31,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9983177099,"gmtCreate":1666194117312,"gmtModify":1676537721008,"author":{"id":"4112191678947252","authorId":"4112191678947252","name":"ah meow","avatar":"https://community-static.tradeup.com/news/7e2066eed5d1f697bd83cf1f1fe2d716","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9983177099","repostId":"1133550682","repostType":4,"repost":{"id":"1133550682","pubTimestamp":1666182662,"share":"https://www.laohu8.com/m/news/1133550682?lang=&edition=full","pubTime":"2022-10-19 20:31","market":"us","language":"en","title":"Tesla Poised for Near-Record Earnings as Demand Concerns Loom","url":"https://stock-news.laohu8.com/highlight/detail?id=1133550682","media":"the wall street journal","summary":"Tesla Inc.is expected to report near-record quarterly profit, but Wall Street has grown jittery abou","content":"<html><head></head><body><p><img src=\"https://static.tigerbbs.com/39bbaaf6db18b06acb8b70dfe19389d2\" tg-width=\"860\" tg-height=\"573\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Tesla Inc.is expected to report near-record quarterly profit, but Wall Street has grown jittery about the company’s ability to meet this year’s growth target amid global economic uncertainty.</p><p>Elon Musk’s electric-vehicle maker so far has brushed off worries about weakening demand. Strong vehicle pricing is forecast to have helped Tesla generate around $3.2 billion in quarterly profit for the three months ended in September, according to analysts surveyed by FactSet, up from $1.6 billion a year earlier. That would be just shy of the company’s record quarterly profit of $3.3 billion, set in the first quarter.</p><p>Tesla, after the market’s close on Wednesday, is expected to report quarterly revenue topping $22 billion, its highest ever, up from around $13.8 billion in last year’s third quarter, according to FactSet.</p><p>However, in the face of rising interest rates and recession fears, Wall Street has grown more pessimistic about Tesla’s ability to deliver the more than 1.4 million vehicles it needs to hit its 2022 target of boosting output by 50%.</p><p>To meet that goal, Tesla would have to deliver nearly a half million EVs to customers in the final three months of the year. That would mark a 42% increase from the third quarter, when Tesla put nearly 344,000 vehicles in customers’ hands, a company record. Tesla didn’t respond to a request for comment.</p><p>Tesla’s stock price has fallen by around 37% in 2022 through Tuesday, eclipsing the roughly 31% decline in the tech-heavy Nasdaq Composite, as the company has navigated production hiccups and ongoing supply-chain challenges. Mr. Musk’s on-again, off-again pursuit of Twitter Inc. also has weighed on the car maker’s stock.</p><p>Mr. Musk, Tesla’s chief executive and largest shareholder,has sold more than $15 billion worth of Tesla stock this year, indicating that at least some of the proceeds would be used to finance his $44 billion deal for Twitter. Some investors have worried that he may need to sell more to close the transaction. Mr. Musk has said after recent sales that he didn’t intend to sell more Tesla stock.</p><p>The billionaire entrepreneur plans to make an appearance on Wednesday’s conference call with analysts, he said this week.</p><p>Tesla has repeatedly raised prices for its vehicles as parts have become more expensive and new cars difficult to come by due to supply-chain bottlenecks. Tesla cars sold for an average of around $57,000 in the third quarter, up from about $49,000 a year earlier, analysts surveyed by FactSet estimated, likely lifting the company’s bottom line and mitigating the lower-than-expected deliveries of the past three months.</p><p>Tesla said changes to its production and distribution practices led to more cars being in transit at the end of the quarter.</p><p>Still, the deliveries result, paired with declining wait times for new vehicles and global economic turmoil, has sparked concern about whether demand for Teslas may be weakening.</p><p>“We could be seeing the early signs of a demand issue but monthly registrations and 4Q results will need to be monitored to better assess the situation,” Cowen analysts wrote in a recent note to investors, expressing concern in particular about consumer appetite in China.</p><p>Customers in China ordering a new Model 3 in September could expect to wait about four or five weeks to receive their car, down from around 18 weeks in July, according to Bernstein Research.</p><p>Wait times also have declined for Tesla’s most popular models in the U.S., where the average interest rate on a new-car loan reached 5.7% in the third quarter, up from 4.3% a year earlier, according to Edmunds.com.Higher rates make it more expensive to finance a car purchase.</p><p>Mr. Musk said in July he hoped Tesla would be able to lower vehicle prices, which he said were at “embarrassing levels.” “You cannot just raise prices to some arbitrarily high level, because you pass the affordability boundary and then demand falls off a cliff,” he said.</p><p>Tesla, racing to meet its growth goal,plans to deliver its first electric semitrailer trucksin December, three years later than initially planned, to food and beverage makerPepsiCoInc. If the company meets its latest timeline, the truck would be the first new model Tesla is putting in customer hands since it rolled out the Model Y compact sport-utility vehicle in early 2020.</p><p>President Biden in August signed into law legislation creating a new tax credit of up to $40,000 for commercial electric vehicles, available beginning in 2023. That law also opens the door for Tesla’s passenger vehicles to once again qualify for a $7,500 consumer tax break, also beginning next year. Teslas qualified early on for such a credit, before the company hit a sales cap.</p><p>Mr. Musk has said he expects the long-awaited Cybertruck pickup to enter production next year.</p><p></p></body></html>","source":"wsj_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>Tesla Poised for Near-Record Earnings as Demand Concerns Loom</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 Poised for Near-Record Earnings as Demand Concerns Loom\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-19 20:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/tesla-tsla-q3-earnings-report-202-11666139620?mod=hp_lead_pos10><strong>the wall street journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tesla Inc.is expected to report near-record quarterly profit, but Wall Street has grown jittery about the company’s ability to meet this year’s growth target amid global economic uncertainty.Elon Musk...</p>\n\n<a href=\"https://www.wsj.com/articles/tesla-tsla-q3-earnings-report-202-11666139620?mod=hp_lead_pos10\">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.wsj.com/articles/tesla-tsla-q3-earnings-report-202-11666139620?mod=hp_lead_pos10","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1133550682","content_text":"Tesla Inc.is expected to report near-record quarterly profit, but Wall Street has grown jittery about the company’s ability to meet this year’s growth target amid global economic uncertainty.Elon Musk’s electric-vehicle maker so far has brushed off worries about weakening demand. Strong vehicle pricing is forecast to have helped Tesla generate around $3.2 billion in quarterly profit for the three months ended in September, according to analysts surveyed by FactSet, up from $1.6 billion a year earlier. That would be just shy of the company’s record quarterly profit of $3.3 billion, set in the first quarter.Tesla, after the market’s close on Wednesday, is expected to report quarterly revenue topping $22 billion, its highest ever, up from around $13.8 billion in last year’s third quarter, according to FactSet.However, in the face of rising interest rates and recession fears, Wall Street has grown more pessimistic about Tesla’s ability to deliver the more than 1.4 million vehicles it needs to hit its 2022 target of boosting output by 50%.To meet that goal, Tesla would have to deliver nearly a half million EVs to customers in the final three months of the year. That would mark a 42% increase from the third quarter, when Tesla put nearly 344,000 vehicles in customers’ hands, a company record. Tesla didn’t respond to a request for comment.Tesla’s stock price has fallen by around 37% in 2022 through Tuesday, eclipsing the roughly 31% decline in the tech-heavy Nasdaq Composite, as the company has navigated production hiccups and ongoing supply-chain challenges. Mr. Musk’s on-again, off-again pursuit of Twitter Inc. also has weighed on the car maker’s stock.Mr. Musk, Tesla’s chief executive and largest shareholder,has sold more than $15 billion worth of Tesla stock this year, indicating that at least some of the proceeds would be used to finance his $44 billion deal for Twitter. Some investors have worried that he may need to sell more to close the transaction. Mr. Musk has said after recent sales that he didn’t intend to sell more Tesla stock.The billionaire entrepreneur plans to make an appearance on Wednesday’s conference call with analysts, he said this week.Tesla has repeatedly raised prices for its vehicles as parts have become more expensive and new cars difficult to come by due to supply-chain bottlenecks. Tesla cars sold for an average of around $57,000 in the third quarter, up from about $49,000 a year earlier, analysts surveyed by FactSet estimated, likely lifting the company’s bottom line and mitigating the lower-than-expected deliveries of the past three months.Tesla said changes to its production and distribution practices led to more cars being in transit at the end of the quarter.Still, the deliveries result, paired with declining wait times for new vehicles and global economic turmoil, has sparked concern about whether demand for Teslas may be weakening.“We could be seeing the early signs of a demand issue but monthly registrations and 4Q results will need to be monitored to better assess the situation,” Cowen analysts wrote in a recent note to investors, expressing concern in particular about consumer appetite in China.Customers in China ordering a new Model 3 in September could expect to wait about four or five weeks to receive their car, down from around 18 weeks in July, according to Bernstein Research.Wait times also have declined for Tesla’s most popular models in the U.S., where the average interest rate on a new-car loan reached 5.7% in the third quarter, up from 4.3% a year earlier, according to Edmunds.com.Higher rates make it more expensive to finance a car purchase.Mr. Musk said in July he hoped Tesla would be able to lower vehicle prices, which he said were at “embarrassing levels.” “You cannot just raise prices to some arbitrarily high level, because you pass the affordability boundary and then demand falls off a cliff,” he said.Tesla, racing to meet its growth goal,plans to deliver its first electric semitrailer trucksin December, three years later than initially planned, to food and beverage makerPepsiCoInc. If the company meets its latest timeline, the truck would be the first new model Tesla is putting in customer hands since it rolled out the Model Y compact sport-utility vehicle in early 2020.President Biden in August signed into law legislation creating a new tax credit of up to $40,000 for commercial electric vehicles, available beginning in 2023. That law also opens the door for Tesla’s passenger vehicles to once again qualify for a $7,500 consumer tax break, also beginning next year. Teslas qualified early on for such a credit, before the company hit a sales cap.Mr. Musk has said he expects the long-awaited Cybertruck pickup to enter production next year.","news_type":1},"isVote":1,"tweetType":1,"viewCount":66,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9980143404,"gmtCreate":1665697508308,"gmtModify":1676537648979,"author":{"id":"4112191678947252","authorId":"4112191678947252","name":"ah meow","avatar":"https://community-static.tradeup.com/news/7e2066eed5d1f697bd83cf1f1fe2d716","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9980143404","repostId":"1174256425","repostType":4,"repost":{"id":"1174256425","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1665674838,"share":"https://www.laohu8.com/m/news/1174256425?lang=&edition=full","pubTime":"2022-10-13 23:27","market":"us","language":"en","title":"September CPI Rises More Than Expected; Core CPI Rises to 40-Year High","url":"https://stock-news.laohu8.com/highlight/detail?id=1174256425","media":"Tiger Newspress","summary":"Core consumer price index jumps to 40-year highThe numbers: The cost of living rose 0.4% in Septembe","content":"<html><head></head><body><p>Core consumer price index jumps to 40-year high</p><p>The numbers: The cost of living rose 0.4% in September and pointed to high inflation persisting through the end of the year, reinforcing the view the Federal Reserve will keep raising interest rates aggressively to try to curb rampant price increases.</p><p>Economists polled by The Wall Street Journal had forecast a 0.3% increase.</p><p>The yearly rate of inflation slipped to 8.2 from 8.3%. Inflation peaked at a nearly 41-year high of 9.1% in June.</p><p>In another worrisome sign, the so-called core rate of inflation that omits food and energy prices jumped a sharp 0.6%. Wall Street had forecast a 0.4% gain.</p><p>The increase in the core rate over the past year climbed to a new peak of 6.6% from 6.3%, marking the biggest gain in 40 years.</p><p>The Fed views the core rate as a more accurate measure of future inflation trends.</p><p>The cost of staples such as food, rent, medical care and new cars all rose last month.</p><p>Inflation rose an average of less than 2% a year in the decade preceding the pandemic.</p><p>Still, the higher cost of borrowing is expected to weaken the economy over the next year and pull inflation lower. Prices tend to fall when consumers spend less and demand for goods and services dry up.</p><p>The Fed may have to raise rates so high to beat back inflation, however, that it could tip the economy into recession. The annual rate of inflation is more than quadruple the pre-pandemic levels of less than 2%.</p><p>Top officials signaled they will do what it takes to beat down inflation -- even at the cost of recession -- at the Fed&#39;s last big meeting in September.</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>September CPI Rises More Than Expected; Core CPI Rises to 40-Year High</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\">\nSeptember CPI Rises More Than Expected; Core CPI Rises to 40-Year High\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-10-13 23:27</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Core consumer price index jumps to 40-year high</p><p>The numbers: The cost of living rose 0.4% in September and pointed to high inflation persisting through the end of the year, reinforcing the view the Federal Reserve will keep raising interest rates aggressively to try to curb rampant price increases.</p><p>Economists polled by The Wall Street Journal had forecast a 0.3% increase.</p><p>The yearly rate of inflation slipped to 8.2 from 8.3%. Inflation peaked at a nearly 41-year high of 9.1% in June.</p><p>In another worrisome sign, the so-called core rate of inflation that omits food and energy prices jumped a sharp 0.6%. Wall Street had forecast a 0.4% gain.</p><p>The increase in the core rate over the past year climbed to a new peak of 6.6% from 6.3%, marking the biggest gain in 40 years.</p><p>The Fed views the core rate as a more accurate measure of future inflation trends.</p><p>The cost of staples such as food, rent, medical care and new cars all rose last month.</p><p>Inflation rose an average of less than 2% a year in the decade preceding the pandemic.</p><p>Still, the higher cost of borrowing is expected to weaken the economy over the next year and pull inflation lower. Prices tend to fall when consumers spend less and demand for goods and services dry up.</p><p>The Fed may have to raise rates so high to beat back inflation, however, that it could tip the economy into recession. The annual rate of inflation is more than quadruple the pre-pandemic levels of less than 2%.</p><p>Top officials signaled they will do what it takes to beat down inflation -- even at the cost of recession -- at the Fed&#39;s last big meeting in September.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174256425","content_text":"Core consumer price index jumps to 40-year highThe numbers: The cost of living rose 0.4% in September and pointed to high inflation persisting through the end of the year, reinforcing the view the Federal Reserve will keep raising interest rates aggressively to try to curb rampant price increases.Economists polled by The Wall Street Journal had forecast a 0.3% increase.The yearly rate of inflation slipped to 8.2 from 8.3%. Inflation peaked at a nearly 41-year high of 9.1% in June.In another worrisome sign, the so-called core rate of inflation that omits food and energy prices jumped a sharp 0.6%. Wall Street had forecast a 0.4% gain.The increase in the core rate over the past year climbed to a new peak of 6.6% from 6.3%, marking the biggest gain in 40 years.The Fed views the core rate as a more accurate measure of future inflation trends.The cost of staples such as food, rent, medical care and new cars all rose last month.Inflation rose an average of less than 2% a year in the decade preceding the pandemic.Still, the higher cost of borrowing is expected to weaken the economy over the next year and pull inflation lower. Prices tend to fall when consumers spend less and demand for goods and services dry up.The Fed may have to raise rates so high to beat back inflation, however, that it could tip the economy into recession. The annual rate of inflation is more than quadruple the pre-pandemic levels of less than 2%.Top officials signaled they will do what it takes to beat down inflation -- even at the cost of recession -- at the Fed's last big meeting in September.","news_type":1},"isVote":1,"tweetType":1,"viewCount":86,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}