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Amazon Is Ready To Rise Again
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For invest","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/AMZN\">Amazon</a>'s recent struggles in e-commerce are masking its continued dominance in the cloud. For investors, it's time to refocus. Amazon shares have never looked more attractive than they do right now.</p><p>Amazon.com has reported earnings about 100 times since it went public in 1997. Every one of those quarterly reports has shown a growing company, despite plenty of ups and downs in the economy -- and the internet. Amazon's worst quarter came in September 2001, when the internet bubble was blowing apart. Even then, revenue grew slightly from a year earlier. Now, though, Amazon's streak may be coming to an end.</p><p>When Amazon (AMZN) reports second-quarter earnings on July 28, Wall Street analysts expect revenue growth of just 5%. That's a tepid number by Amazon standards, and if things are just slightly worse than expected, revenue could actually decline. It would be a telling moment, with Amazon facing its greatest set of challenges since founder Jeff Bezos began selling books out of his house almost 30 years ago.</p><p>The company's longtime advantage in e-commerce has arguably become a weakness, with physical stores enjoying a post-Covid renaissance. Elevated fuel costs, meanwhile, are crimping Amazon's profits, with the cost of deliveries and returns on the rise.</p><p>Amazon's profit margins have never been rich, but analysts forecast a razor-thin 1.8% operating margin in the second quarter. After years of giving Amazon a pass on profits, investors have grown impatient. Since peaking last July, the stock is down 33% to a recent $125, shedding more than $600 billion in market value. Seen through the e-commerce lens, Amazon is one more struggling tech company.</p><p>And yet none of that should matter. Investors' preoccupation with Amazon's retail operations overlooks the company's transformation. This year, the Amazon Web Services cloud business will be about 15% of the company's total revenue but more than 100% of its profits. Before, during, and after pandemic lockdowns, AWS revenue grew at a 30%-plus quarterly clip. In the long term, those trends should continue.</p><p>Meanwhile, Amazon has an advertising business that has annualized revenue of close to $40 billion. That's nearly four times the size of Twitter (TWTR) and Snap <a href=\"https://laohu8.com/S/SNAP\">$(SNAP)$</a> combined. And it's a media company that now controls the rights to a weekly National Football League game, a package that was once exclusive to broadcast giants Comcast <a href=\"https://laohu8.com/S/CMCSA\">$(CMCSA)$</a>, Fox <a href=\"https://laohu8.com/S/FOXA\">$(FOXA)$</a>, <a href=\"https://laohu8.com/S/PARA\">Paramount Global</a> (PARA), and Walt Disney <a href=\"https://laohu8.com/S/DIS\">$(DIS)$</a> . There's also a growing logistics operation that increasingly rivals FedEx <a href=\"https://laohu8.com/S/FDX.AU\">$(FDX.AU)$</a> and United Parcel Service <a href=\"https://laohu8.com/S/UPS\">$(UPS)$</a>.</p><p>The challenge for investors is that the sprawling operation has made Amazon difficult to value. It's worth the effort -- Amazon shares have rarely been more attractive. The stock could double, or triple, over the next few years. Yes, the latest quarter will be bad. But the future couldn't be brighter.</p><p>Gene Munster, a portfolio manager at Loup Ventures, says his firm has been adding to its Amazon position. While Munster concedes that investors are concerned about e-commerce profitability in the short run, he's convinced that in the long run, "no one is going to compete with Amazon" in online shopping. Munster figures that AWS and the ad business together will generate $45 billion in operating income this year. Value that at 25 times earnings, says Munster, and you get $1.1 trillion, which is just about the company's current total market value. That means investors are currently getting everything else free: online stores, Prime, logistics, Whole Foods Market, and a host of other businesses that Amazon has acquired over the years.</p><p>Says Munster: "It's hard not to like Amazon at this valuation."</p><p>To be sure, Amazon continues to face bad publicity. The company is pushing back against unions trying to organize Amazon workers, a difficult balance for a company that claims to be Earth's best employer. The company is also dealing with a newly empowered Federal Trade Commission led by Chair Lina Khan, who once wrote in the Yale Law Review that Amazon's dominant market position was clear evidence that U.S. antitrust laws weren't effectively regulating the U.S. internet sector. Amazon is sure to face intense government scrutiny for future acquisitions. And it could be forced to make concessions to the government.</p><p>For now, though, Amazon is still finding ways to grow through deals. Just this past week, the company agreed to buy One Medical, an owner of membership-based healthcare clinics, for $3.9 billion.</p><p>There's also a chance the slowing economy could weigh on AWS sales for the next few quarters. For this year, Wall Street currently expects total Amazon revenue of $520 billion, up 11%, with profits of 56 cents a share, down from $3.24 a year earlier.</p><p>But to Amazon bulls, the issues plaguing the company are fleeting and priced in. While the economy could fall into recession later this year or in 2023, that recession won't be permanent. Meanwhile, the e-commerce market continues to expand, and Amazon's slice of the pie remains vast, at about 40%. There's still room for additional market share gains, too.</p><p>The company's advertising business, meanwhile, is on the rise. Given Apple's <a href=\"https://laohu8.com/S/AAPL\">$(AAPL)$</a> tough stance on sharing information about consumer activity on the iPhone, advertisers are looking beyond <a href=\"https://laohu8.com/S/META\">Meta Platforms</a>' <a href=\"https://laohu8.com/S/META.UK\">$(META.UK)$</a> Facebook, Alphabet's <a href=\"https://laohu8.com/S/GOOGL\">$(GOOGL)$</a> YouTube, and Snap for places to spend their ad dollars. Many ad buyers are turning to options where consumer buying intent is clear on the surface. Meta has to infer what you might want to buy; in Amazon's case, consumers type their exact shopping interests into a search box. In a marketplace crowded with consumer choice, Amazon's ad market is a gold mine.</p><p>And then there's Amazon Web Services, the company's mammoth cloud-computing platform. Since the company began breaking out results for AWS in 2015, the business has accounted for more than half of Amazon's operating profits, including almost 75% of the total in 2021. In 2022, with e-commerce operations likely to lose money, AWS is forecast to constitute 150% of Amazon's operating income.</p><p>With revenue close to $82 billion, AWS is one of the world's largest software and services companies -- bigger than Oracle <a href=\"https://laohu8.com/S/ORCL\">$(ORCL)$</a>, IBM <a href=\"https://laohu8.com/S/IBM\">$(IBM)$</a>, or SAP <a href=\"https://laohu8.com/S/SAP\">$(SAP)$</a>, and more than twice the size of Salesforce <a href=\"https://laohu8.com/S/CRM.AU\">$(CRM.AU)$</a>, the largest of the so-called software-as-a-service companies. And AWS is going to get a lot bigger. It's no wonder that when Bezos chose to step down as CEO in 2021, he chose as his successor AWS architect Andy Jassy. (Amazon declined to make Jassy or any other executives available for this story, citing the quiet period ahead of earnings.)</p><p>One of Wall Street's favorite strategies for assessing corporate value is a "sum of the parts" approach: Make a list of what the company owns, put a value on each part, then add it all up.</p><p>For some of Amazon's businesses, appropriate comparisons are hard to find. There are no pure-play public cloud stocks that look anything like AWS; its primary rivals -- Microsoft <a href=\"https://laohu8.com/S/MSFT\">$(MSFT)$</a> Azure and Google Cloud -- are likewise buried inside large businesses. Amazon's ad business is valuable, but it's linked to the core e-commerce business and therefore defies an easy value.</p><p>Then there's Amazon Prime, which includes a Netflix-like video streaming service plus a Spotify-like music service. There are other businesses hidden in the company's financials, including the videogame streaming service Twitch, the audiobook company Audible, the podcasting producer Wondery, and autonomous-vehicle maker Zoox, just to name a few.</p><p>In reporting this story, Barron's found at least four different attempts by Wall Street analysts to suss out the company's true value. They involve different parts, different metrics, and varying conclusions. The only consistent theme? Amazon's parts add up to a lot more than its current market value.</p><p>Let's start with the entertainment-focused approach from Needham analyst Laura Martin. In her view, a large part of Amazon's value comes from its media businesses. She values Amazon Prime Video, Amazon Music, Twitch, and advertising at more than $500 billion. She values AWS at $650 billion. Those two numbers give you $1.15 trillion, or roughly Amazon's current market value. That doesn't include e-commerce, which Martin's calculations currently ignore.</p><p>Truist internet analyst Youssef Squali has a different approach. He puts a value of more than $500 billion on Amazon's "third-party retail" services business, which includes logistics and other services provided to millions of sellers. He adds $172 billion for "first party" retail -- Amazon-branded goods, including electronics like Fire TVs and Kindles, plus thousands of AmazonBasics products. He values the company's subscription business -- basically Prime -- at a little over $100 billion. Then, he values AWS at $867 billion, using a multiple of 30 times estimated pretax earnings for 2022. (Salesforce, which is growing more slowly than AWS, trades at roughly 30 times pretax earnings.) Ultimately, Squali comes up with an Amazon value of $1.7 trillion.</p><p>J.P. Morgan analyst Doug Anmuth takes the simplest view -- dividing Amazon into two pieces. He pegs the value of AWS at 20 times his estimate of $52 billion in 2023 earnings before interest, taxes, depreciation, and amortization, or Ebitda, which comes to just over $1 trillion. For the retail business, he applies a multiple of 1.25 times his estimated gross merchandise value for 2023, which comes to just over $950 billion. Anmuth notes that Walmart <a href=\"https://laohu8.com/S/WMT\">$(WMT)$</a> trades at about one times GMV, while Amazon's retail business has "meaningfully higher" growth, meriting a higher multiple. For Anmuth, that's a total Amazon value of $2 trillion.</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>Amazon Is Ready To Rise Again</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\">\nAmazon Is Ready To Rise Again\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-07-24 11:00</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><a href=\"https://laohu8.com/S/AMZN\">Amazon</a>'s recent struggles in e-commerce are masking its continued dominance in the cloud. For investors, it's time to refocus. Amazon shares have never looked more attractive than they do right now.</p><p>Amazon.com has reported earnings about 100 times since it went public in 1997. Every one of those quarterly reports has shown a growing company, despite plenty of ups and downs in the economy -- and the internet. Amazon's worst quarter came in September 2001, when the internet bubble was blowing apart. Even then, revenue grew slightly from a year earlier. Now, though, Amazon's streak may be coming to an end.</p><p>When Amazon (AMZN) reports second-quarter earnings on July 28, Wall Street analysts expect revenue growth of just 5%. That's a tepid number by Amazon standards, and if things are just slightly worse than expected, revenue could actually decline. It would be a telling moment, with Amazon facing its greatest set of challenges since founder Jeff Bezos began selling books out of his house almost 30 years ago.</p><p>The company's longtime advantage in e-commerce has arguably become a weakness, with physical stores enjoying a post-Covid renaissance. Elevated fuel costs, meanwhile, are crimping Amazon's profits, with the cost of deliveries and returns on the rise.</p><p>Amazon's profit margins have never been rich, but analysts forecast a razor-thin 1.8% operating margin in the second quarter. After years of giving Amazon a pass on profits, investors have grown impatient. Since peaking last July, the stock is down 33% to a recent $125, shedding more than $600 billion in market value. Seen through the e-commerce lens, Amazon is one more struggling tech company.</p><p>And yet none of that should matter. Investors' preoccupation with Amazon's retail operations overlooks the company's transformation. This year, the Amazon Web Services cloud business will be about 15% of the company's total revenue but more than 100% of its profits. Before, during, and after pandemic lockdowns, AWS revenue grew at a 30%-plus quarterly clip. In the long term, those trends should continue.</p><p>Meanwhile, Amazon has an advertising business that has annualized revenue of close to $40 billion. That's nearly four times the size of Twitter (TWTR) and Snap <a href=\"https://laohu8.com/S/SNAP\">$(SNAP)$</a> combined. And it's a media company that now controls the rights to a weekly National Football League game, a package that was once exclusive to broadcast giants Comcast <a href=\"https://laohu8.com/S/CMCSA\">$(CMCSA)$</a>, Fox <a href=\"https://laohu8.com/S/FOXA\">$(FOXA)$</a>, <a href=\"https://laohu8.com/S/PARA\">Paramount Global</a> (PARA), and Walt Disney <a href=\"https://laohu8.com/S/DIS\">$(DIS)$</a> . There's also a growing logistics operation that increasingly rivals FedEx <a href=\"https://laohu8.com/S/FDX.AU\">$(FDX.AU)$</a> and United Parcel Service <a href=\"https://laohu8.com/S/UPS\">$(UPS)$</a>.</p><p>The challenge for investors is that the sprawling operation has made Amazon difficult to value. It's worth the effort -- Amazon shares have rarely been more attractive. The stock could double, or triple, over the next few years. Yes, the latest quarter will be bad. But the future couldn't be brighter.</p><p>Gene Munster, a portfolio manager at Loup Ventures, says his firm has been adding to its Amazon position. While Munster concedes that investors are concerned about e-commerce profitability in the short run, he's convinced that in the long run, "no one is going to compete with Amazon" in online shopping. Munster figures that AWS and the ad business together will generate $45 billion in operating income this year. Value that at 25 times earnings, says Munster, and you get $1.1 trillion, which is just about the company's current total market value. That means investors are currently getting everything else free: online stores, Prime, logistics, Whole Foods Market, and a host of other businesses that Amazon has acquired over the years.</p><p>Says Munster: "It's hard not to like Amazon at this valuation."</p><p>To be sure, Amazon continues to face bad publicity. The company is pushing back against unions trying to organize Amazon workers, a difficult balance for a company that claims to be Earth's best employer. The company is also dealing with a newly empowered Federal Trade Commission led by Chair Lina Khan, who once wrote in the Yale Law Review that Amazon's dominant market position was clear evidence that U.S. antitrust laws weren't effectively regulating the U.S. internet sector. Amazon is sure to face intense government scrutiny for future acquisitions. And it could be forced to make concessions to the government.</p><p>For now, though, Amazon is still finding ways to grow through deals. Just this past week, the company agreed to buy One Medical, an owner of membership-based healthcare clinics, for $3.9 billion.</p><p>There's also a chance the slowing economy could weigh on AWS sales for the next few quarters. For this year, Wall Street currently expects total Amazon revenue of $520 billion, up 11%, with profits of 56 cents a share, down from $3.24 a year earlier.</p><p>But to Amazon bulls, the issues plaguing the company are fleeting and priced in. While the economy could fall into recession later this year or in 2023, that recession won't be permanent. Meanwhile, the e-commerce market continues to expand, and Amazon's slice of the pie remains vast, at about 40%. There's still room for additional market share gains, too.</p><p>The company's advertising business, meanwhile, is on the rise. Given Apple's <a href=\"https://laohu8.com/S/AAPL\">$(AAPL)$</a> tough stance on sharing information about consumer activity on the iPhone, advertisers are looking beyond <a href=\"https://laohu8.com/S/META\">Meta Platforms</a>' <a href=\"https://laohu8.com/S/META.UK\">$(META.UK)$</a> Facebook, Alphabet's <a href=\"https://laohu8.com/S/GOOGL\">$(GOOGL)$</a> YouTube, and Snap for places to spend their ad dollars. Many ad buyers are turning to options where consumer buying intent is clear on the surface. Meta has to infer what you might want to buy; in Amazon's case, consumers type their exact shopping interests into a search box. In a marketplace crowded with consumer choice, Amazon's ad market is a gold mine.</p><p>And then there's Amazon Web Services, the company's mammoth cloud-computing platform. Since the company began breaking out results for AWS in 2015, the business has accounted for more than half of Amazon's operating profits, including almost 75% of the total in 2021. In 2022, with e-commerce operations likely to lose money, AWS is forecast to constitute 150% of Amazon's operating income.</p><p>With revenue close to $82 billion, AWS is one of the world's largest software and services companies -- bigger than Oracle <a href=\"https://laohu8.com/S/ORCL\">$(ORCL)$</a>, IBM <a href=\"https://laohu8.com/S/IBM\">$(IBM)$</a>, or SAP <a href=\"https://laohu8.com/S/SAP\">$(SAP)$</a>, and more than twice the size of Salesforce <a href=\"https://laohu8.com/S/CRM.AU\">$(CRM.AU)$</a>, the largest of the so-called software-as-a-service companies. And AWS is going to get a lot bigger. It's no wonder that when Bezos chose to step down as CEO in 2021, he chose as his successor AWS architect Andy Jassy. (Amazon declined to make Jassy or any other executives available for this story, citing the quiet period ahead of earnings.)</p><p>One of Wall Street's favorite strategies for assessing corporate value is a "sum of the parts" approach: Make a list of what the company owns, put a value on each part, then add it all up.</p><p>For some of Amazon's businesses, appropriate comparisons are hard to find. There are no pure-play public cloud stocks that look anything like AWS; its primary rivals -- Microsoft <a href=\"https://laohu8.com/S/MSFT\">$(MSFT)$</a> Azure and Google Cloud -- are likewise buried inside large businesses. Amazon's ad business is valuable, but it's linked to the core e-commerce business and therefore defies an easy value.</p><p>Then there's Amazon Prime, which includes a Netflix-like video streaming service plus a Spotify-like music service. There are other businesses hidden in the company's financials, including the videogame streaming service Twitch, the audiobook company Audible, the podcasting producer Wondery, and autonomous-vehicle maker Zoox, just to name a few.</p><p>In reporting this story, Barron's found at least four different attempts by Wall Street analysts to suss out the company's true value. They involve different parts, different metrics, and varying conclusions. The only consistent theme? Amazon's parts add up to a lot more than its current market value.</p><p>Let's start with the entertainment-focused approach from Needham analyst Laura Martin. In her view, a large part of Amazon's value comes from its media businesses. She values Amazon Prime Video, Amazon Music, Twitch, and advertising at more than $500 billion. She values AWS at $650 billion. Those two numbers give you $1.15 trillion, or roughly Amazon's current market value. That doesn't include e-commerce, which Martin's calculations currently ignore.</p><p>Truist internet analyst Youssef Squali has a different approach. He puts a value of more than $500 billion on Amazon's "third-party retail" services business, which includes logistics and other services provided to millions of sellers. He adds $172 billion for "first party" retail -- Amazon-branded goods, including electronics like Fire TVs and Kindles, plus thousands of AmazonBasics products. He values the company's subscription business -- basically Prime -- at a little over $100 billion. Then, he values AWS at $867 billion, using a multiple of 30 times estimated pretax earnings for 2022. (Salesforce, which is growing more slowly than AWS, trades at roughly 30 times pretax earnings.) Ultimately, Squali comes up with an Amazon value of $1.7 trillion.</p><p>J.P. Morgan analyst Doug Anmuth takes the simplest view -- dividing Amazon into two pieces. He pegs the value of AWS at 20 times his estimate of $52 billion in 2023 earnings before interest, taxes, depreciation, and amortization, or Ebitda, which comes to just over $1 trillion. For the retail business, he applies a multiple of 1.25 times his estimated gross merchandise value for 2023, which comes to just over $950 billion. Anmuth notes that Walmart <a href=\"https://laohu8.com/S/WMT\">$(WMT)$</a> trades at about one times GMV, while Amazon's retail business has "meaningfully higher" growth, meriting a higher multiple. For Anmuth, that's a total Amazon value of $2 trillion.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2253060728","content_text":"Amazon's recent struggles in e-commerce are masking its continued dominance in the cloud. For investors, it's time to refocus. Amazon shares have never looked more attractive than they do right now.Amazon.com has reported earnings about 100 times since it went public in 1997. Every one of those quarterly reports has shown a growing company, despite plenty of ups and downs in the economy -- and the internet. Amazon's worst quarter came in September 2001, when the internet bubble was blowing apart. Even then, revenue grew slightly from a year earlier. Now, though, Amazon's streak may be coming to an end.When Amazon (AMZN) reports second-quarter earnings on July 28, Wall Street analysts expect revenue growth of just 5%. That's a tepid number by Amazon standards, and if things are just slightly worse than expected, revenue could actually decline. It would be a telling moment, with Amazon facing its greatest set of challenges since founder Jeff Bezos began selling books out of his house almost 30 years ago.The company's longtime advantage in e-commerce has arguably become a weakness, with physical stores enjoying a post-Covid renaissance. Elevated fuel costs, meanwhile, are crimping Amazon's profits, with the cost of deliveries and returns on the rise.Amazon's profit margins have never been rich, but analysts forecast a razor-thin 1.8% operating margin in the second quarter. After years of giving Amazon a pass on profits, investors have grown impatient. Since peaking last July, the stock is down 33% to a recent $125, shedding more than $600 billion in market value. Seen through the e-commerce lens, Amazon is one more struggling tech company.And yet none of that should matter. Investors' preoccupation with Amazon's retail operations overlooks the company's transformation. This year, the Amazon Web Services cloud business will be about 15% of the company's total revenue but more than 100% of its profits. Before, during, and after pandemic lockdowns, AWS revenue grew at a 30%-plus quarterly clip. In the long term, those trends should continue.Meanwhile, Amazon has an advertising business that has annualized revenue of close to $40 billion. That's nearly four times the size of Twitter (TWTR) and Snap $(SNAP)$ combined. And it's a media company that now controls the rights to a weekly National Football League game, a package that was once exclusive to broadcast giants Comcast $(CMCSA)$, Fox $(FOXA)$, Paramount Global (PARA), and Walt Disney $(DIS)$ . There's also a growing logistics operation that increasingly rivals FedEx $(FDX.AU)$ and United Parcel Service $(UPS)$.The challenge for investors is that the sprawling operation has made Amazon difficult to value. It's worth the effort -- Amazon shares have rarely been more attractive. The stock could double, or triple, over the next few years. Yes, the latest quarter will be bad. But the future couldn't be brighter.Gene Munster, a portfolio manager at Loup Ventures, says his firm has been adding to its Amazon position. While Munster concedes that investors are concerned about e-commerce profitability in the short run, he's convinced that in the long run, \"no one is going to compete with Amazon\" in online shopping. Munster figures that AWS and the ad business together will generate $45 billion in operating income this year. Value that at 25 times earnings, says Munster, and you get $1.1 trillion, which is just about the company's current total market value. That means investors are currently getting everything else free: online stores, Prime, logistics, Whole Foods Market, and a host of other businesses that Amazon has acquired over the years.Says Munster: \"It's hard not to like Amazon at this valuation.\"To be sure, Amazon continues to face bad publicity. The company is pushing back against unions trying to organize Amazon workers, a difficult balance for a company that claims to be Earth's best employer. The company is also dealing with a newly empowered Federal Trade Commission led by Chair Lina Khan, who once wrote in the Yale Law Review that Amazon's dominant market position was clear evidence that U.S. antitrust laws weren't effectively regulating the U.S. internet sector. Amazon is sure to face intense government scrutiny for future acquisitions. And it could be forced to make concessions to the government.For now, though, Amazon is still finding ways to grow through deals. Just this past week, the company agreed to buy One Medical, an owner of membership-based healthcare clinics, for $3.9 billion.There's also a chance the slowing economy could weigh on AWS sales for the next few quarters. For this year, Wall Street currently expects total Amazon revenue of $520 billion, up 11%, with profits of 56 cents a share, down from $3.24 a year earlier.But to Amazon bulls, the issues plaguing the company are fleeting and priced in. While the economy could fall into recession later this year or in 2023, that recession won't be permanent. Meanwhile, the e-commerce market continues to expand, and Amazon's slice of the pie remains vast, at about 40%. There's still room for additional market share gains, too.The company's advertising business, meanwhile, is on the rise. Given Apple's $(AAPL)$ tough stance on sharing information about consumer activity on the iPhone, advertisers are looking beyond Meta Platforms' $(META.UK)$ Facebook, Alphabet's $(GOOGL)$ YouTube, and Snap for places to spend their ad dollars. Many ad buyers are turning to options where consumer buying intent is clear on the surface. Meta has to infer what you might want to buy; in Amazon's case, consumers type their exact shopping interests into a search box. In a marketplace crowded with consumer choice, Amazon's ad market is a gold mine.And then there's Amazon Web Services, the company's mammoth cloud-computing platform. Since the company began breaking out results for AWS in 2015, the business has accounted for more than half of Amazon's operating profits, including almost 75% of the total in 2021. In 2022, with e-commerce operations likely to lose money, AWS is forecast to constitute 150% of Amazon's operating income.With revenue close to $82 billion, AWS is one of the world's largest software and services companies -- bigger than Oracle $(ORCL)$, IBM $(IBM)$, or SAP $(SAP)$, and more than twice the size of Salesforce $(CRM.AU)$, the largest of the so-called software-as-a-service companies. And AWS is going to get a lot bigger. It's no wonder that when Bezos chose to step down as CEO in 2021, he chose as his successor AWS architect Andy Jassy. (Amazon declined to make Jassy or any other executives available for this story, citing the quiet period ahead of earnings.)One of Wall Street's favorite strategies for assessing corporate value is a \"sum of the parts\" approach: Make a list of what the company owns, put a value on each part, then add it all up.For some of Amazon's businesses, appropriate comparisons are hard to find. There are no pure-play public cloud stocks that look anything like AWS; its primary rivals -- Microsoft $(MSFT)$ Azure and Google Cloud -- are likewise buried inside large businesses. Amazon's ad business is valuable, but it's linked to the core e-commerce business and therefore defies an easy value.Then there's Amazon Prime, which includes a Netflix-like video streaming service plus a Spotify-like music service. There are other businesses hidden in the company's financials, including the videogame streaming service Twitch, the audiobook company Audible, the podcasting producer Wondery, and autonomous-vehicle maker Zoox, just to name a few.In reporting this story, Barron's found at least four different attempts by Wall Street analysts to suss out the company's true value. They involve different parts, different metrics, and varying conclusions. The only consistent theme? Amazon's parts add up to a lot more than its current market value.Let's start with the entertainment-focused approach from Needham analyst Laura Martin. In her view, a large part of Amazon's value comes from its media businesses. She values Amazon Prime Video, Amazon Music, Twitch, and advertising at more than $500 billion. She values AWS at $650 billion. Those two numbers give you $1.15 trillion, or roughly Amazon's current market value. That doesn't include e-commerce, which Martin's calculations currently ignore.Truist internet analyst Youssef Squali has a different approach. He puts a value of more than $500 billion on Amazon's \"third-party retail\" services business, which includes logistics and other services provided to millions of sellers. He adds $172 billion for \"first party\" retail -- Amazon-branded goods, including electronics like Fire TVs and Kindles, plus thousands of AmazonBasics products. He values the company's subscription business -- basically Prime -- at a little over $100 billion. Then, he values AWS at $867 billion, using a multiple of 30 times estimated pretax earnings for 2022. (Salesforce, which is growing more slowly than AWS, trades at roughly 30 times pretax earnings.) Ultimately, Squali comes up with an Amazon value of $1.7 trillion.J.P. Morgan analyst Doug Anmuth takes the simplest view -- dividing Amazon into two pieces. He pegs the value of AWS at 20 times his estimate of $52 billion in 2023 earnings before interest, taxes, depreciation, and amortization, or Ebitda, which comes to just over $1 trillion. For the retail business, he applies a multiple of 1.25 times his estimated gross merchandise value for 2023, which comes to just over $950 billion. Anmuth notes that Walmart $(WMT)$ trades at about one times GMV, while Amazon's retail business has \"meaningfully higher\" growth, meriting a higher multiple. For Anmuth, that's a total Amazon value of $2 trillion.","news_type":1},"isVote":1,"tweetType":1,"viewCount":211,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9900141164,"gmtCreate":1658673260759,"gmtModify":1676536189825,"author":{"id":"4120206933854022","authorId":"4120206933854022","name":"Safemuthu11","avatar":"https://community-static.tradeup.com/news/68ba00ec7df657685dbb5c904bf101c3","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4120206933854022","authorIdStr":"4120206933854022"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9900141164","repostId":"2253476050","repostType":4,"repost":{"id":"2253476050","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1658631171,"share":"https://ttm.financial/m/news/2253476050?lang=&edition=fundamental","pubTime":"2022-07-24 10:52","market":"us","language":"en","title":"8 Snap Analysts React To Q2 Earnings Miss: \"Not Snapping Back Anytime Soon\"","url":"https://stock-news.laohu8.com/highlight/detail?id=2253476050","media":"Benzinga","summary":"Snap Inc (NYSE: SNAP) shares traded lower by 38% on Friday after the company disappointed Wall Street with its second-quarter numbers.","content":"<html><head></head><body><p><b><a href=\"https://laohu8.com/S/SNAP\">Snap Inc</a></b> (NYSE:SNAP) shares traded lower by 38% on Friday after the company disappointed Wall Street with its second-quarter numbers.</p><p>On Thursday, Snap reported a second-quarter adjusted EPS loss of 2 cents, missing analyst estimates of a 1-cent loss. Snap's $1.11 billion in revenue for the quarter also fell short of consensus expectations of $1.14 billion. Revenue was up 13% from a year ago.</p><p>Snap reported 347 million Global Daily Active Users (DAUs), beating analyst estimates of 344.2 million. Snap did not provide official guidance for the third quarter but said third-quarter revenue growth would be "approximately flat."</p><p>Snap also announced a new $500 million stock repurchase program.</p><p><b>User Growth Overshadowed:</b> Morgan Stanley analyst <b>Brian Nowak said Snap needs to demonstrate spending discipline given its smaller gross profit base than social media peers.</b></p><p>"The steep slope of SNAP's 2Q ad deterioration (with April growing roughly 30% Y/Y and June declining an estimated -8% Y/Y) speaks to the weakening ad spend environment and larger than expected microlevel factors impacting the business," Nowak wrote.</p><p>Bank of America analyst<b> Justin Post noted Snap's strong user trends were far overshadowed by its revenue miss.</b></p><p>"While there is risk the perceived macro or competitive outlook deteriorates further in 3Q (we will learn a lot from Meta and Pinterest’s 2Q results), we believe an ad recession is largely priced in the stock with SNAP trading at 3.7x our revised 2023 revenue estimate using AH price of $12 (stock was a 3.8x P/S in 2018 when users were declining q/q)," Post wrote.</p><p>JMP analyst <b>Andrew Boone said Snap's macroeconomic, privacy and competition headwinds are all intensifying.</b></p><p>"While we acknowledge the lack of revenue visibility as the company is rebuilding a portion of its advertising measurement and targeting, we believe Snap still has significant assets as it reaches 75% of 13- to 34-year-olds in 20+ countries, continues to be a leader in AR, and has multiples growth levers across Spotlight, Map and Games/Minis as we believe innovation remains a core company tenet," Boone wrote.</p><p><b>From Bad To Worse:</b> Benchmark analyst <b>Mark Zgutowicz noted Snap is "not snapping back anytime soon."</b></p><p>"We believe fundamental (iOS measurement/ROAS) and macro factors are equally impacting SNAP ads platform demand, with the former remaining a slow work in progress, as we previously suggested," Zgutowicz wrote.</p><p>RBC Capital Markets analyst <b>Brad Erickson said Snap once again proved things can always get worse.</b></p><p>"SNAP’s weak Q3 guidance confirmed our fears that ad spending is worsening, consistent with our June 23 channel checks, and unfortunately for SNAP and the digital ad sector, we believe there are signs of further ad spending cuts still to come," Erickson wrote.</p><p>Raymond James analyst <b>Aaron Kessler said privacy concerns, ad budget headwinds and higher operating expenses are weighing on Snap's growth.</b></p><p>"We view risk/reward as fairly balanced at current levels of ~4.2/6.8x our 2022 revenue/gross profit estimates as the company plans a path to higher growth and cost improvements," Kessler wrote.</p><p><b>Disappearing Revenue Growth:</b> Rosenblatt Securities analyst <b>Barton Crockett said he is stunned by how quickly Snap's revenue growth has evaporated.</b></p><p>"After rising 66%, 116% and 57% in the first three quarters of 2021, sales growth slowed to 42% in 4Q21, 38% in 1Q22, 13% in 2Q22, and, now, flat Y/Y QTD in 3Q22," Crockett wrote.</p><p>KeyBanc analyst Justin Patterson says competition from TikTok, <b>Apple Inc </b>(NASDAQ:AAPL) and others are hurting, while Snap's ad solutions are simply taking too long to drive improvements.</p><p><b>"Given a ~20% revenue growth profile and persistent GAAP loses, we struggle to see SNAP's 2023E/2024E EV/S multiple expanding beyond 3.6x/3.0x," Patterson wrote.</b></p><p><b>Ratings And Price Targets:</b></p><ul><li>Morgan Stanley had an Overweight rating and a $17 target.</li><li>Bank of America had a Buy rating and a $22 target.</li><li>JMP had a Market Outperform rating and a $24 target.</li><li>Benchmark had a Buy rating and a $15 target.</li><li>RBC Capital Markets had a Sector Perform rating and a $10 target.</li><li>Raymond James had a Market Perform rating.</li><li>Rosenblatt Securities had a Neutral rating and a $14 target.</li><li>KeyBanc had a Sector Weight rating.</li></ul></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>8 Snap Analysts React To Q2 Earnings Miss: \"Not Snapping Back Anytime Soon\"</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n8 Snap Analysts React To Q2 Earnings Miss: \"Not Snapping Back Anytime Soon\"\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2022-07-24 10:52</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><b><a href=\"https://laohu8.com/S/SNAP\">Snap Inc</a></b> (NYSE:SNAP) shares traded lower by 38% on Friday after the company disappointed Wall Street with its second-quarter numbers.</p><p>On Thursday, Snap reported a second-quarter adjusted EPS loss of 2 cents, missing analyst estimates of a 1-cent loss. Snap's $1.11 billion in revenue for the quarter also fell short of consensus expectations of $1.14 billion. Revenue was up 13% from a year ago.</p><p>Snap reported 347 million Global Daily Active Users (DAUs), beating analyst estimates of 344.2 million. Snap did not provide official guidance for the third quarter but said third-quarter revenue growth would be "approximately flat."</p><p>Snap also announced a new $500 million stock repurchase program.</p><p><b>User Growth Overshadowed:</b> Morgan Stanley analyst <b>Brian Nowak said Snap needs to demonstrate spending discipline given its smaller gross profit base than social media peers.</b></p><p>"The steep slope of SNAP's 2Q ad deterioration (with April growing roughly 30% Y/Y and June declining an estimated -8% Y/Y) speaks to the weakening ad spend environment and larger than expected microlevel factors impacting the business," Nowak wrote.</p><p>Bank of America analyst<b> Justin Post noted Snap's strong user trends were far overshadowed by its revenue miss.</b></p><p>"While there is risk the perceived macro or competitive outlook deteriorates further in 3Q (we will learn a lot from Meta and Pinterest’s 2Q results), we believe an ad recession is largely priced in the stock with SNAP trading at 3.7x our revised 2023 revenue estimate using AH price of $12 (stock was a 3.8x P/S in 2018 when users were declining q/q)," Post wrote.</p><p>JMP analyst <b>Andrew Boone said Snap's macroeconomic, privacy and competition headwinds are all intensifying.</b></p><p>"While we acknowledge the lack of revenue visibility as the company is rebuilding a portion of its advertising measurement and targeting, we believe Snap still has significant assets as it reaches 75% of 13- to 34-year-olds in 20+ countries, continues to be a leader in AR, and has multiples growth levers across Spotlight, Map and Games/Minis as we believe innovation remains a core company tenet," Boone wrote.</p><p><b>From Bad To Worse:</b> Benchmark analyst <b>Mark Zgutowicz noted Snap is "not snapping back anytime soon."</b></p><p>"We believe fundamental (iOS measurement/ROAS) and macro factors are equally impacting SNAP ads platform demand, with the former remaining a slow work in progress, as we previously suggested," Zgutowicz wrote.</p><p>RBC Capital Markets analyst <b>Brad Erickson said Snap once again proved things can always get worse.</b></p><p>"SNAP’s weak Q3 guidance confirmed our fears that ad spending is worsening, consistent with our June 23 channel checks, and unfortunately for SNAP and the digital ad sector, we believe there are signs of further ad spending cuts still to come," Erickson wrote.</p><p>Raymond James analyst <b>Aaron Kessler said privacy concerns, ad budget headwinds and higher operating expenses are weighing on Snap's growth.</b></p><p>"We view risk/reward as fairly balanced at current levels of ~4.2/6.8x our 2022 revenue/gross profit estimates as the company plans a path to higher growth and cost improvements," Kessler wrote.</p><p><b>Disappearing Revenue Growth:</b> Rosenblatt Securities analyst <b>Barton Crockett said he is stunned by how quickly Snap's revenue growth has evaporated.</b></p><p>"After rising 66%, 116% and 57% in the first three quarters of 2021, sales growth slowed to 42% in 4Q21, 38% in 1Q22, 13% in 2Q22, and, now, flat Y/Y QTD in 3Q22," Crockett wrote.</p><p>KeyBanc analyst Justin Patterson says competition from TikTok, <b>Apple Inc </b>(NASDAQ:AAPL) and others are hurting, while Snap's ad solutions are simply taking too long to drive improvements.</p><p><b>"Given a ~20% revenue growth profile and persistent GAAP loses, we struggle to see SNAP's 2023E/2024E EV/S multiple expanding beyond 3.6x/3.0x," Patterson wrote.</b></p><p><b>Ratings And Price Targets:</b></p><ul><li>Morgan Stanley had an Overweight rating and a $17 target.</li><li>Bank of America had a Buy rating and a $22 target.</li><li>JMP had a Market Outperform rating and a $24 target.</li><li>Benchmark had a Buy rating and a $15 target.</li><li>RBC Capital Markets had a Sector Perform rating and a $10 target.</li><li>Raymond James had a Market Perform rating.</li><li>Rosenblatt Securities had a Neutral rating and a $14 target.</li><li>KeyBanc had a Sector Weight rating.</li></ul></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SNAP":"Snap Inc"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2253476050","content_text":"Snap Inc (NYSE:SNAP) shares traded lower by 38% on Friday after the company disappointed Wall Street with its second-quarter numbers.On Thursday, Snap reported a second-quarter adjusted EPS loss of 2 cents, missing analyst estimates of a 1-cent loss. Snap's $1.11 billion in revenue for the quarter also fell short of consensus expectations of $1.14 billion. Revenue was up 13% from a year ago.Snap reported 347 million Global Daily Active Users (DAUs), beating analyst estimates of 344.2 million. Snap did not provide official guidance for the third quarter but said third-quarter revenue growth would be \"approximately flat.\"Snap also announced a new $500 million stock repurchase program.User Growth Overshadowed: Morgan Stanley analyst Brian Nowak said Snap needs to demonstrate spending discipline given its smaller gross profit base than social media peers.\"The steep slope of SNAP's 2Q ad deterioration (with April growing roughly 30% Y/Y and June declining an estimated -8% Y/Y) speaks to the weakening ad spend environment and larger than expected microlevel factors impacting the business,\" Nowak wrote.Bank of America analyst Justin Post noted Snap's strong user trends were far overshadowed by its revenue miss.\"While there is risk the perceived macro or competitive outlook deteriorates further in 3Q (we will learn a lot from Meta and Pinterest’s 2Q results), we believe an ad recession is largely priced in the stock with SNAP trading at 3.7x our revised 2023 revenue estimate using AH price of $12 (stock was a 3.8x P/S in 2018 when users were declining q/q),\" Post wrote.JMP analyst Andrew Boone said Snap's macroeconomic, privacy and competition headwinds are all intensifying.\"While we acknowledge the lack of revenue visibility as the company is rebuilding a portion of its advertising measurement and targeting, we believe Snap still has significant assets as it reaches 75% of 13- to 34-year-olds in 20+ countries, continues to be a leader in AR, and has multiples growth levers across Spotlight, Map and Games/Minis as we believe innovation remains a core company tenet,\" Boone wrote.From Bad To Worse: Benchmark analyst Mark Zgutowicz noted Snap is \"not snapping back anytime soon.\"\"We believe fundamental (iOS measurement/ROAS) and macro factors are equally impacting SNAP ads platform demand, with the former remaining a slow work in progress, as we previously suggested,\" Zgutowicz wrote.RBC Capital Markets analyst Brad Erickson said Snap once again proved things can always get worse.\"SNAP’s weak Q3 guidance confirmed our fears that ad spending is worsening, consistent with our June 23 channel checks, and unfortunately for SNAP and the digital ad sector, we believe there are signs of further ad spending cuts still to come,\" Erickson wrote.Raymond James analyst Aaron Kessler said privacy concerns, ad budget headwinds and higher operating expenses are weighing on Snap's growth.\"We view risk/reward as fairly balanced at current levels of ~4.2/6.8x our 2022 revenue/gross profit estimates as the company plans a path to higher growth and cost improvements,\" Kessler wrote.Disappearing Revenue Growth: Rosenblatt Securities analyst Barton Crockett said he is stunned by how quickly Snap's revenue growth has evaporated.\"After rising 66%, 116% and 57% in the first three quarters of 2021, sales growth slowed to 42% in 4Q21, 38% in 1Q22, 13% in 2Q22, and, now, flat Y/Y QTD in 3Q22,\" Crockett wrote.KeyBanc analyst Justin Patterson says competition from TikTok, Apple Inc (NASDAQ:AAPL) and others are hurting, while Snap's ad solutions are simply taking too long to drive improvements.\"Given a ~20% revenue growth profile and persistent GAAP loses, we struggle to see SNAP's 2023E/2024E EV/S multiple expanding beyond 3.6x/3.0x,\" Patterson wrote.Ratings And Price Targets:Morgan Stanley had an Overweight rating and a $17 target.Bank of America had a Buy rating and a $22 target.JMP had a Market Outperform rating and a $24 target.Benchmark had a Buy rating and a $15 target.RBC Capital Markets had a Sector Perform rating and a $10 target.Raymond James had a Market Perform rating.Rosenblatt Securities had a Neutral rating and a $14 target.KeyBanc had a Sector Weight rating.","news_type":1},"isVote":1,"tweetType":1,"viewCount":470,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9074327791,"gmtCreate":1658301231814,"gmtModify":1676536137746,"author":{"id":"4120206933854022","authorId":"4120206933854022","name":"Safemuthu11","avatar":"https://community-static.tradeup.com/news/68ba00ec7df657685dbb5c904bf101c3","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4120206933854022","authorIdStr":"4120206933854022"},"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/9074327791","repostId":"1180458878","repostType":4,"repost":{"id":"1180458878","pubTimestamp":1658296438,"share":"https://ttm.financial/m/news/1180458878?lang=&edition=fundamental","pubTime":"2022-07-20 13:53","market":"us","language":"en","title":"Tesla: The Gold Standard For Mission-Driven Companies","url":"https://stock-news.laohu8.com/highlight/detail?id=1180458878","media":"Seeking Alpha","summary":"SummaryTesla’s mission is to accelerate the world’s transition to sustainable energy.There are count","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Tesla’s mission is to accelerate the world’s transition to sustainable energy.</li><li>There are countless examples of decisions Tesla has taken to achieve this inspirational mission.</li><li>Perhaps most impressively, these decisions have also enhanced Tesla’s business performance at the same time.</li><li>If Tesla continues to be mission-driven, and I believe it will, then I think shareholders will reap the rewards over the upcoming decade.</li></ul><p><b>Overview</b></p><p>Most companies in the world today will have mission statements, which are supposed to be the north star of any company. Any employee should be able to look at whatever they're working on, and think 'yeah, this is helping us to achieve our mission'. Often, mission-driven companies end up being more successful than their counterparts, as they attract and retain high-quality employees, customers, and long-term investors who can all get behind the mission.</p><p>But not all mission statements are created equal, and not all companies live up to this. I'll give a couple of examples.</p><p>'To responsibly lead the transition of adult smokers to a smoke-free future' is the mission statement of cigarette manufacturer Altria (MO), formerly Philip Morris. Can an employee coming up with the latest marketing strategy to sell their Marlboro cigarettes look at that mission statement and think they're achieving that? Absolutely not. It sounds like a great mission statement, but it is quite frankly ridiculous.</p><p>How does 'To provide the highest level of service, the broadest selection of products and the most competitive prices' sound? I mean… this could be applied to literally <i>any</i> retailer; it's an awful mission statement, and certainly isn't going to inspire any employees. 10 points for whoever can guess the company behind this terrible mission statement in the comments.</p><p>Done correctly, a mission statement should be simple and inspirational whilst also being a north star that a company can look at to ensure it's on the road to accomplishing all that it wishes to achieve. Here's an example of a brilliant mission statement:</p><blockquote>To accelerate the world's transition to sustainable energy</blockquote><p>This, of course, is the mission statement of Tesla (NASDAQ:TSLA). It is simple (any employee would be able to recite it), inspirational (doing good for the planet), and can also be used as a north star, even as Tesla has diversified across industries (cars, energy, AI). As we saw with Altria, some companies have mission statements that sound great, but are not a 'north star' - yet with Tesla, we have a company that does everything with its mission statement in mind, and I think that investors will reap the rewards over the years ahead.</p><p><img src=\"https://static.tigerbbs.com/b8fd7ca96fa95b86d3d2eb7f59ee23ee\" tg-width=\"640\" tg-height=\"284\" referrerpolicy=\"no-referrer\"/></p><p>Tesla 2021 Impact Report</p><p><b>Unmistakably Mission-Driven</b></p><p>There are numerous examples of Tesla taking actions that are not only mission-driven but have also been beneficial to the business. Some investors think that taking a mission-driven approach and trying to do some good in the world is just a company being 'woke', but Tesla proves that taking actions to accelerate the world's transition to sustainable energy can also drive business performance to new heights.</p><p>Back in June 2014, CEO Elon Musk wrote a blog post entitled All Our Patent Are Belong To You, and I'm sure the phrasing is a pop-culture reference that I'm missing.</p><p>In doing so, he announced that Tesla would apply an open source philosophy to its patents for the advancement of electric vehicle technology. Tesla vowed not to initiate patent lawsuits against anyone who, in good faith, wanted to use its technology for their own development of electric vehicles. This is primarily because Tesla saw its main competition as the number of ICE vehicles on the road - not electric car programs from major car manufacturers.</p><p>This decision made 8 years ago clearly has not harmed Tesla, but it successfully contributed to their mission. In fact, the company also calls out that it isn't patents that will continue to give them a competitive advantage:</p><blockquote>Technology leadership is not defined by patents, which history has repeatedly shown to be small protection indeed against a determined competitor, but rather by the ability of a company to attract and motivate the world's most talented engineers. We believe that applying the open source philosophy to our patents will strengthen rather than diminish Tesla's position in this regard.</blockquote><p>Turns out, they were absolutely right - but this is only the start.</p><p>In 2017, Tesla Motors changed its name to Tesla, reflecting the company's expansion beyond cars into batteries and solar energy. Clearly a jump into different industries, but once again with the aim of achieving its mission - particularly thanks to the 2016 acquisition of SolarCity.</p><p>Nowadays, Tesla offers a range of additional products for solar energy generation and storage. These include Powerwall, a lithium-ion battery storage product designed for a home; Megapack, an energy storage solution for much larger facilities; and Solar Roof, which is well... a solar powered roof. By making this change to the company, Tesla opened up a whole new avenue in which it can generate value for shareholders, all whilst taking another step closer to achieving its mission. In fact, Tesla solar panels have generated more electricity than has been consumed by its vehicles and factories from 2012 through to 2021.</p><p><img src=\"https://static.tigerbbs.com/3c2c54c669e95988bd15f525540cb1ea\" tg-width=\"640\" tg-height=\"339\" referrerpolicy=\"no-referrer\"/></p><p>Tesla 2021 Impact Report</p><p>These are just a few examples of Tesla expanding the business to both achieve its mission and also deliver shareholder value. Others include:</p><ul><li><b>Open Supercharger Network</b>: More cars using these superchargers provide additional revenue for Tesla, plus it also enables greater efficiency and broader expansion opportunities.</li><li><b>Autonomous Driving</b>: Gives an additional incentive to use Tesla cars, and the opportunity for robotaxis will clearly result in more Tesla EVs on the road.</li><li><b>Battery Recycling</b>: Creates less waste in the supply chain but also enables Tesla to repurpose components of old batteries when creating new ones, particularly when it comes to harder-to-obtain minerals such as lithium.</li><li><b>Production & Supply Chain Localisation</b>: Reduces emissions whilst also reducing the cost of transporting finished goods across the globe.</li></ul><p><img src=\"https://static.tigerbbs.com/77d85854f1b29142e8c3048597793a9e\" tg-width=\"640\" tg-height=\"207\" referrerpolicy=\"no-referrer\"/></p><p>Tesla 2020 Impact Report</p><p><b>Why Does It Matter?</b></p><p>We can see past instances where Tesla's mission-driven approach has led to changes in the company, but what are the implications for shareholders?</p><p>Firstly, there's no denying that one of Tesla's strongest economic moats is its brand. Whilst this is in part driven by its technical expertise, Tesla has also managed to appeal to the ever-more conscientious consumer who cares about this transition to sustainable energy.</p><p>The company's eco-friendly mission has accelerated the value of Tesla's brand substantially, with Tesla now being the world's 29th most valuable brand according to Kantar BrandZ- notably, the highest rating for a car brand, with its closest competitor being Toyota, ranked 66th.</p><p><img src=\"https://static.tigerbbs.com/e415859215c77612da6b58c6605441d4\" tg-width=\"640\" tg-height=\"319\" referrerpolicy=\"no-referrer\"/></p><p>Kantar BrandZ Most Valuable Global Brands 2022</p><p>Strong brands have a history of delivering impressive shareholder returns, and Tesla has been no different. Its ability to deliver on its inspirational mission should only further help to supercharge growth for the company.</p><p>But it's not just about enhancing the brand; Tesla's mission-driven approach will continue to drive the company forward in ways that cannot yet be foreseen - although perhaps there is one aspect that we can dive into further.</p><p>Tesla recently announced that it was piloting an open Supercharger network throughout some European countries. On the face of it, this decision will take Tesla one step closer to achieving its mission but will be detrimental to the company. I believe that another smaller economic moat possessed by Tesla relates to its switching costs for the Supercharger network - without a Tesla, you cannot access it - and it feels like Tesla might be forgoing this moat in the name of its mission, thereby weakening the business.</p><p>But dig a little deeper, and the potential switch away from a closed Supercharger network makes a lot of sense. As it stands, Tesla is somewhat limited in the amount of Supercharger stations that it can build - is there any point building out some if there are just 100 Teslas in a town? Yet... what if there are 100 Teslas, but 1,000 electric or hybrid vehicles? Tesla's Superchargers are the best in the business according to JD Power, and so the demand would be there from non-Tesla owners to utilise these rapid charging stations.</p><p>Then take it one step further and consider the direction the world is heading in. We will all be driving electric vehicles eventually, whether that's in 10, 20, or 50 years, and these EV charging stations will be the norm, just as gas stations are today. But could you imagine General Motors (GM) owning a bunch of gas stations at which you could only refuel GM cars? It would seem silly and inefficient, and I believe this is what the Tesla Supercharger network would turn into if it failed to open up.</p><p>This is just one example of something that is only being piloted right now, but it shows how Tesla's mission statement combined with the tailwinds driving the transition to sustainable energy can result in this company being ahead of the game - as it always has been, and I hope it will continue to do so.</p><p><b>Tailwinds Pushing This Mission Forward</b></p><p>Let's reiterate once again: Tesla's mission statement is to accelerate the world's transition to sustainable energy.</p><p>Another aspect shareholders should love about this mission statement is the number of tailwinds behind it. Governments across the globe are incentivised to transition from fossil fuels to sustainable energy sources, and there is more and more pressure being put on these governments to take action. This should only help Tesla's growth to accelerate - but don't just take my word for it.</p><p>According toFacts and Factors, the global EV market is expected to grow from a size of $185B in 2021 to $980B in 2028, implying a 24.5% CAGR.</p><p>According to Precedence Research, the global solar power market is poised to grow at a 7.2% CAGR from 2021 through to 2030, reaching a size of $368B.</p><p><img src=\"https://static.tigerbbs.com/b024f31dfd3427917a0089dcb41f086b\" tg-width=\"640\" tg-height=\"379\" referrerpolicy=\"no-referrer\"/></p><p>Precedence Research</p><p>Finally, according to Fortune Business Insights, the EV charging station market is expected to grow at a 30.26% CAGR from 2021 through to 2028, achieving an overall market size of $111.9B.</p><p>What's the takeaway? Not only is Tesla able to improve its business performance by achieving its mission, but the mission-driven avenues that this company is exploring are growing market opportunities.</p><p>This is a perfect mission to inspire employees and create customer loyalty, but it is also a brilliant mission when it comes to expanding the business into new, emerging trends and potentially huge market opportunities. Talk about a win-win!</p><p><img src=\"https://static.tigerbbs.com/ce7e089ac5fe9ffb0abace40d439c26a\" tg-width=\"640\" tg-height=\"352\" referrerpolicy=\"no-referrer\"/></p><p>Tesla 2021 Impact Report</p><p><b>Valuation</b></p><p>I know, I know… I had to ruin it by talking about valuation. Yet Tesla's valuation may not be as unreasonable as some in the financial media like to make out. I explained the full rationale behind my valuation model in my previous article, and nothing has changed since (apart from the current market capitalisation).</p><p><img src=\"https://static.tigerbbs.com/837632439f7d611f8cf8f9ff348af656\" tg-width=\"640\" tg-height=\"657\" referrerpolicy=\"no-referrer\"/></p><p>Tesla SEC Filings/Excel</p><p>Basically, I think shares are reasonably priced, particularly if you believe that Tesla can achieve a revenue CAGR of over 28% through to 2026 (spoiler alert - I do).</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla: The Gold Standard For Mission-Driven Companies</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla: The Gold Standard For Mission-Driven Companies\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-20 13:53 GMT+8 <a href=https://seekingalpha.com/article/4524281-tesla-tsla-gold-standard-for-mission-driven-companies?source=content_type%3Aall%7Cfirst_level_url%3Aportfolio%7Csection%3Aportfolio_content_unit%7Csection_asset%3Alatest%7Cline%3A13><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryTesla’s mission is to accelerate the world’s transition to sustainable energy.There are countless examples of decisions Tesla has taken to achieve this inspirational mission.Perhaps most ...</p>\n\n<a href=\"https://seekingalpha.com/article/4524281-tesla-tsla-gold-standard-for-mission-driven-companies?source=content_type%3Aall%7Cfirst_level_url%3Aportfolio%7Csection%3Aportfolio_content_unit%7Csection_asset%3Alatest%7Cline%3A13\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://seekingalpha.com/article/4524281-tesla-tsla-gold-standard-for-mission-driven-companies?source=content_type%3Aall%7Cfirst_level_url%3Aportfolio%7Csection%3Aportfolio_content_unit%7Csection_asset%3Alatest%7Cline%3A13","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180458878","content_text":"SummaryTesla’s mission is to accelerate the world’s transition to sustainable energy.There are countless examples of decisions Tesla has taken to achieve this inspirational mission.Perhaps most impressively, these decisions have also enhanced Tesla’s business performance at the same time.If Tesla continues to be mission-driven, and I believe it will, then I think shareholders will reap the rewards over the upcoming decade.OverviewMost companies in the world today will have mission statements, which are supposed to be the north star of any company. Any employee should be able to look at whatever they're working on, and think 'yeah, this is helping us to achieve our mission'. Often, mission-driven companies end up being more successful than their counterparts, as they attract and retain high-quality employees, customers, and long-term investors who can all get behind the mission.But not all mission statements are created equal, and not all companies live up to this. I'll give a couple of examples.'To responsibly lead the transition of adult smokers to a smoke-free future' is the mission statement of cigarette manufacturer Altria (MO), formerly Philip Morris. Can an employee coming up with the latest marketing strategy to sell their Marlboro cigarettes look at that mission statement and think they're achieving that? Absolutely not. It sounds like a great mission statement, but it is quite frankly ridiculous.How does 'To provide the highest level of service, the broadest selection of products and the most competitive prices' sound? I mean… this could be applied to literally any retailer; it's an awful mission statement, and certainly isn't going to inspire any employees. 10 points for whoever can guess the company behind this terrible mission statement in the comments.Done correctly, a mission statement should be simple and inspirational whilst also being a north star that a company can look at to ensure it's on the road to accomplishing all that it wishes to achieve. Here's an example of a brilliant mission statement:To accelerate the world's transition to sustainable energyThis, of course, is the mission statement of Tesla (NASDAQ:TSLA). It is simple (any employee would be able to recite it), inspirational (doing good for the planet), and can also be used as a north star, even as Tesla has diversified across industries (cars, energy, AI). As we saw with Altria, some companies have mission statements that sound great, but are not a 'north star' - yet with Tesla, we have a company that does everything with its mission statement in mind, and I think that investors will reap the rewards over the years ahead.Tesla 2021 Impact ReportUnmistakably Mission-DrivenThere are numerous examples of Tesla taking actions that are not only mission-driven but have also been beneficial to the business. Some investors think that taking a mission-driven approach and trying to do some good in the world is just a company being 'woke', but Tesla proves that taking actions to accelerate the world's transition to sustainable energy can also drive business performance to new heights.Back in June 2014, CEO Elon Musk wrote a blog post entitled All Our Patent Are Belong To You, and I'm sure the phrasing is a pop-culture reference that I'm missing.In doing so, he announced that Tesla would apply an open source philosophy to its patents for the advancement of electric vehicle technology. Tesla vowed not to initiate patent lawsuits against anyone who, in good faith, wanted to use its technology for their own development of electric vehicles. This is primarily because Tesla saw its main competition as the number of ICE vehicles on the road - not electric car programs from major car manufacturers.This decision made 8 years ago clearly has not harmed Tesla, but it successfully contributed to their mission. In fact, the company also calls out that it isn't patents that will continue to give them a competitive advantage:Technology leadership is not defined by patents, which history has repeatedly shown to be small protection indeed against a determined competitor, but rather by the ability of a company to attract and motivate the world's most talented engineers. We believe that applying the open source philosophy to our patents will strengthen rather than diminish Tesla's position in this regard.Turns out, they were absolutely right - but this is only the start.In 2017, Tesla Motors changed its name to Tesla, reflecting the company's expansion beyond cars into batteries and solar energy. Clearly a jump into different industries, but once again with the aim of achieving its mission - particularly thanks to the 2016 acquisition of SolarCity.Nowadays, Tesla offers a range of additional products for solar energy generation and storage. These include Powerwall, a lithium-ion battery storage product designed for a home; Megapack, an energy storage solution for much larger facilities; and Solar Roof, which is well... a solar powered roof. By making this change to the company, Tesla opened up a whole new avenue in which it can generate value for shareholders, all whilst taking another step closer to achieving its mission. In fact, Tesla solar panels have generated more electricity than has been consumed by its vehicles and factories from 2012 through to 2021.Tesla 2021 Impact ReportThese are just a few examples of Tesla expanding the business to both achieve its mission and also deliver shareholder value. Others include:Open Supercharger Network: More cars using these superchargers provide additional revenue for Tesla, plus it also enables greater efficiency and broader expansion opportunities.Autonomous Driving: Gives an additional incentive to use Tesla cars, and the opportunity for robotaxis will clearly result in more Tesla EVs on the road.Battery Recycling: Creates less waste in the supply chain but also enables Tesla to repurpose components of old batteries when creating new ones, particularly when it comes to harder-to-obtain minerals such as lithium.Production & Supply Chain Localisation: Reduces emissions whilst also reducing the cost of transporting finished goods across the globe.Tesla 2020 Impact ReportWhy Does It Matter?We can see past instances where Tesla's mission-driven approach has led to changes in the company, but what are the implications for shareholders?Firstly, there's no denying that one of Tesla's strongest economic moats is its brand. Whilst this is in part driven by its technical expertise, Tesla has also managed to appeal to the ever-more conscientious consumer who cares about this transition to sustainable energy.The company's eco-friendly mission has accelerated the value of Tesla's brand substantially, with Tesla now being the world's 29th most valuable brand according to Kantar BrandZ- notably, the highest rating for a car brand, with its closest competitor being Toyota, ranked 66th.Kantar BrandZ Most Valuable Global Brands 2022Strong brands have a history of delivering impressive shareholder returns, and Tesla has been no different. Its ability to deliver on its inspirational mission should only further help to supercharge growth for the company.But it's not just about enhancing the brand; Tesla's mission-driven approach will continue to drive the company forward in ways that cannot yet be foreseen - although perhaps there is one aspect that we can dive into further.Tesla recently announced that it was piloting an open Supercharger network throughout some European countries. On the face of it, this decision will take Tesla one step closer to achieving its mission but will be detrimental to the company. I believe that another smaller economic moat possessed by Tesla relates to its switching costs for the Supercharger network - without a Tesla, you cannot access it - and it feels like Tesla might be forgoing this moat in the name of its mission, thereby weakening the business.But dig a little deeper, and the potential switch away from a closed Supercharger network makes a lot of sense. As it stands, Tesla is somewhat limited in the amount of Supercharger stations that it can build - is there any point building out some if there are just 100 Teslas in a town? Yet... what if there are 100 Teslas, but 1,000 electric or hybrid vehicles? Tesla's Superchargers are the best in the business according to JD Power, and so the demand would be there from non-Tesla owners to utilise these rapid charging stations.Then take it one step further and consider the direction the world is heading in. We will all be driving electric vehicles eventually, whether that's in 10, 20, or 50 years, and these EV charging stations will be the norm, just as gas stations are today. But could you imagine General Motors (GM) owning a bunch of gas stations at which you could only refuel GM cars? It would seem silly and inefficient, and I believe this is what the Tesla Supercharger network would turn into if it failed to open up.This is just one example of something that is only being piloted right now, but it shows how Tesla's mission statement combined with the tailwinds driving the transition to sustainable energy can result in this company being ahead of the game - as it always has been, and I hope it will continue to do so.Tailwinds Pushing This Mission ForwardLet's reiterate once again: Tesla's mission statement is to accelerate the world's transition to sustainable energy.Another aspect shareholders should love about this mission statement is the number of tailwinds behind it. Governments across the globe are incentivised to transition from fossil fuels to sustainable energy sources, and there is more and more pressure being put on these governments to take action. This should only help Tesla's growth to accelerate - but don't just take my word for it.According toFacts and Factors, the global EV market is expected to grow from a size of $185B in 2021 to $980B in 2028, implying a 24.5% CAGR.According to Precedence Research, the global solar power market is poised to grow at a 7.2% CAGR from 2021 through to 2030, reaching a size of $368B.Precedence ResearchFinally, according to Fortune Business Insights, the EV charging station market is expected to grow at a 30.26% CAGR from 2021 through to 2028, achieving an overall market size of $111.9B.What's the takeaway? Not only is Tesla able to improve its business performance by achieving its mission, but the mission-driven avenues that this company is exploring are growing market opportunities.This is a perfect mission to inspire employees and create customer loyalty, but it is also a brilliant mission when it comes to expanding the business into new, emerging trends and potentially huge market opportunities. Talk about a win-win!Tesla 2021 Impact ReportValuationI know, I know… I had to ruin it by talking about valuation. Yet Tesla's valuation may not be as unreasonable as some in the financial media like to make out. I explained the full rationale behind my valuation model in my previous article, and nothing has changed since (apart from the current market capitalisation).Tesla SEC Filings/ExcelBasically, I think shares are reasonably priced, particularly if you believe that Tesla can achieve a revenue CAGR of over 28% through to 2026 (spoiler alert - I do).","news_type":1},"isVote":1,"tweetType":1,"viewCount":263,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9075135038,"gmtCreate":1658159342924,"gmtModify":1676536114451,"author":{"id":"4120206933854022","authorId":"4120206933854022","name":"Safemuthu11","avatar":"https://community-static.tradeup.com/news/68ba00ec7df657685dbb5c904bf101c3","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4120206933854022","authorIdStr":"4120206933854022"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9075135038","repostId":"2252420073","repostType":4,"repost":{"id":"2252420073","pubTimestamp":1658130724,"share":"https://ttm.financial/m/news/2252420073?lang=&edition=fundamental","pubTime":"2022-07-18 15:52","market":"us","language":"en","title":"3 Undervalued Stocks to Buy in the Second Half of 2022","url":"https://stock-news.laohu8.com/highlight/detail?id=2252420073","media":"Motley Fool","summary":"The rough start to the year has created great buying opportunities for investors.","content":"<html><head></head><body><p>It was a rough first half of 2022 for the stock market. At the market close on June 30, the <b>S&P 500</b> was down 21% and the <b>Nasdaq</b> was off 30%, leaving many investors' portfolios drowning in red. The upside of this brutal start to the year is that it has brought many high-quality businesses down to bargain valuations, creating compelling opportunities for investors.</p><p>However, just because a stock is trading for a cheaper valuation doesn't mean it's necessarily a good buy. Investors should look beyond the share price and dig into the fundamentals of the business to determine what's a value play and what's a value trap. Here are three undervalued companies I think make great buys for the second half of 2022 and beyond.</p><h2><b>Amazon</b></h2><p>Mostly known for its dominant position in the e-commerce space, <b>Amazon.com</b> is in a position to have a stronger second half of 2022. When the company reported first-quarter earnings, the market reacted negatively to some of the headline numbers, further punishing the stock price. However, upon closer inspection, there is reason to believe the short-term headwinds facing the e-commerce side of the business are just a bump in the road.</p><p>The North America segment of Amazon's business had year-over-year growth of 8% in Q1, and the International segment posted a decline of 6%. Revenue from these two segments is comprised mostly of e-commerce sales, which were impacted by macroeconomic factors such as inflation and supply chain constraints.</p><p>However, Amazon Web Services (AWS) grew 37% and now represents 16% of Amazon's total revenue, up from 13% in the year-ago quarter. Cloud infrastructure is a market that's expected to grow at 16% per year until 2030, providing a massive growth opportunity for Amazon.</p><p>With a price-to-sales (P/S) ratio of 2.4, Amazon currently trades for the same valuation as it did in 2016, when AWS accounted for approximately 9% of overall revenue. At this price, Amazon is hard to ignore.</p><h2><b>Disney</b></h2><p>It's easy to understand the negative impact that the pandemic had on <b>Disney</b>'s business. With its parks and experiences segment decimated by worldwide lockdowns, it's been a rough past few years for the House of Mouse.</p><p>One saving grace for Disney was the fortuitous timing of the launch of its Disney+ streaming service in November of 2019. The unexpectedly fast subscriber growth gave the business a much-needed lifeline as it was weathering the pandemic storm.</p><p>However, Disney is now emerging from this dark period, and has some bright skies ahead. In Q2 of 2022 (ended April 2), Disney posted year-over-year revenue growth of 23%. Most importantly, the segment that includes the theme parks, cruise lines, and other experiences saw revenue growth of over 100% in the quarter.</p><p>Not only are people returning to Disney properties, they're spending a lot more while they're there. The second quarter saw per-capita spending grow more than 40% over 2019. As we enter the summer travel season, there's reason to expect strong growth for the coming quarters.</p><p>With the exception of the pandemic-induced crash in early 2020, you'd have to go all the way back to 2013 to find a time that Disney traded for a P/S multiple as low as today's 2.2. Even with the hardships the company has faced over the past few years, it's difficult to argue Disney isn't in a better place as a business than it was then.</p><h2><b>Starbucks</b></h2><p>When <b>Starbucks</b> reported its earnings for Q2 2022 (ended April 3), the results were good. Revenue was up 15%, comparable store sales increased 7% globally (and 12% in the U.S.), and Starbucks Rewards memberships grew 17% year-over-year. The results look even more impressive, considering its second-largest market, China, saw comparable store sales decrease 23% due to COVID-related lockdowns.</p><p>The company suspended guidance for the remainder of the year due to uncertainty around the COVID lockdowns in China, but management does expect there to be pressure on results for the next two quarters. On the bright side, despite a year-over-year decrease in comparable store sales, the international segment did see revenue grow 4% in Q2.</p><p>CEO Howard Schultz also suspended the company's stock buyback plan shortly after returning to the company as Interim CEO, his fourth stint in the corner office. Johnson made this move to reinvest in the business in order to provide long-term value for shareholders. This may be what is needed considering the challenges facing the company, and it's good for the business to have a seasoned CEO at the helm to navigate this tough time.</p><p>There are absolutely some near-term challenges for Starbucks, but it is still a dominant brand with global reach. Starbucks currently has a P/S multiple of 2.9, a valuation only seen three times over the past decade, and below its 10-year average of 3.9. Starbucks also pays a dividend, with a market beating yield of 2.5%. For investors with a long-term investing horizon, now is a great time to pick up shares.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Undervalued Stocks to Buy in the Second Half of 2022</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Undervalued Stocks to Buy in the Second Half of 2022\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-18 15:52 GMT+8 <a href=https://www.fool.com/investing/2022/07/17/3-undervalued-stocks-to-buy-in-the-second-half-of/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It was a rough first half of 2022 for the stock market. At the market close on June 30, the S&P 500 was down 21% and the Nasdaq was off 30%, leaving many investors' portfolios drowning in red. The ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/07/17/3-undervalued-stocks-to-buy-in-the-second-half-of/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DIS":"迪士尼","SBUX":"星巴克","AMZN":"亚马逊"},"source_url":"https://www.fool.com/investing/2022/07/17/3-undervalued-stocks-to-buy-in-the-second-half-of/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2252420073","content_text":"It was a rough first half of 2022 for the stock market. At the market close on June 30, the S&P 500 was down 21% and the Nasdaq was off 30%, leaving many investors' portfolios drowning in red. The upside of this brutal start to the year is that it has brought many high-quality businesses down to bargain valuations, creating compelling opportunities for investors.However, just because a stock is trading for a cheaper valuation doesn't mean it's necessarily a good buy. Investors should look beyond the share price and dig into the fundamentals of the business to determine what's a value play and what's a value trap. Here are three undervalued companies I think make great buys for the second half of 2022 and beyond.AmazonMostly known for its dominant position in the e-commerce space, Amazon.com is in a position to have a stronger second half of 2022. When the company reported first-quarter earnings, the market reacted negatively to some of the headline numbers, further punishing the stock price. However, upon closer inspection, there is reason to believe the short-term headwinds facing the e-commerce side of the business are just a bump in the road.The North America segment of Amazon's business had year-over-year growth of 8% in Q1, and the International segment posted a decline of 6%. Revenue from these two segments is comprised mostly of e-commerce sales, which were impacted by macroeconomic factors such as inflation and supply chain constraints.However, Amazon Web Services (AWS) grew 37% and now represents 16% of Amazon's total revenue, up from 13% in the year-ago quarter. Cloud infrastructure is a market that's expected to grow at 16% per year until 2030, providing a massive growth opportunity for Amazon.With a price-to-sales (P/S) ratio of 2.4, Amazon currently trades for the same valuation as it did in 2016, when AWS accounted for approximately 9% of overall revenue. At this price, Amazon is hard to ignore.DisneyIt's easy to understand the negative impact that the pandemic had on Disney's business. With its parks and experiences segment decimated by worldwide lockdowns, it's been a rough past few years for the House of Mouse.One saving grace for Disney was the fortuitous timing of the launch of its Disney+ streaming service in November of 2019. The unexpectedly fast subscriber growth gave the business a much-needed lifeline as it was weathering the pandemic storm.However, Disney is now emerging from this dark period, and has some bright skies ahead. In Q2 of 2022 (ended April 2), Disney posted year-over-year revenue growth of 23%. Most importantly, the segment that includes the theme parks, cruise lines, and other experiences saw revenue growth of over 100% in the quarter.Not only are people returning to Disney properties, they're spending a lot more while they're there. The second quarter saw per-capita spending grow more than 40% over 2019. As we enter the summer travel season, there's reason to expect strong growth for the coming quarters.With the exception of the pandemic-induced crash in early 2020, you'd have to go all the way back to 2013 to find a time that Disney traded for a P/S multiple as low as today's 2.2. Even with the hardships the company has faced over the past few years, it's difficult to argue Disney isn't in a better place as a business than it was then.StarbucksWhen Starbucks reported its earnings for Q2 2022 (ended April 3), the results were good. Revenue was up 15%, comparable store sales increased 7% globally (and 12% in the U.S.), and Starbucks Rewards memberships grew 17% year-over-year. The results look even more impressive, considering its second-largest market, China, saw comparable store sales decrease 23% due to COVID-related lockdowns.The company suspended guidance for the remainder of the year due to uncertainty around the COVID lockdowns in China, but management does expect there to be pressure on results for the next two quarters. On the bright side, despite a year-over-year decrease in comparable store sales, the international segment did see revenue grow 4% in Q2.CEO Howard Schultz also suspended the company's stock buyback plan shortly after returning to the company as Interim CEO, his fourth stint in the corner office. Johnson made this move to reinvest in the business in order to provide long-term value for shareholders. This may be what is needed considering the challenges facing the company, and it's good for the business to have a seasoned CEO at the helm to navigate this tough time.There are absolutely some near-term challenges for Starbucks, but it is still a dominant brand with global reach. Starbucks currently has a P/S multiple of 2.9, a valuation only seen three times over the past decade, and below its 10-year average of 3.9. Starbucks also pays a dividend, with a market beating yield of 2.5%. For investors with a long-term investing horizon, now is a great time to pick up shares.","news_type":1},"isVote":1,"tweetType":1,"viewCount":354,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9900141164,"gmtCreate":1658673260759,"gmtModify":1676536189825,"author":{"id":"4120206933854022","authorId":"4120206933854022","name":"Safemuthu11","avatar":"https://community-static.tradeup.com/news/68ba00ec7df657685dbb5c904bf101c3","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4120206933854022","authorIdStr":"4120206933854022"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9900141164","repostId":"2253476050","repostType":4,"repost":{"id":"2253476050","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1658631171,"share":"https://ttm.financial/m/news/2253476050?lang=&edition=fundamental","pubTime":"2022-07-24 10:52","market":"us","language":"en","title":"8 Snap Analysts React To Q2 Earnings Miss: \"Not Snapping Back Anytime Soon\"","url":"https://stock-news.laohu8.com/highlight/detail?id=2253476050","media":"Benzinga","summary":"Snap Inc (NYSE: SNAP) shares traded lower by 38% on Friday after the company disappointed Wall Street with its second-quarter numbers.","content":"<html><head></head><body><p><b><a href=\"https://laohu8.com/S/SNAP\">Snap Inc</a></b> (NYSE:SNAP) shares traded lower by 38% on Friday after the company disappointed Wall Street with its second-quarter numbers.</p><p>On Thursday, Snap reported a second-quarter adjusted EPS loss of 2 cents, missing analyst estimates of a 1-cent loss. Snap's $1.11 billion in revenue for the quarter also fell short of consensus expectations of $1.14 billion. Revenue was up 13% from a year ago.</p><p>Snap reported 347 million Global Daily Active Users (DAUs), beating analyst estimates of 344.2 million. Snap did not provide official guidance for the third quarter but said third-quarter revenue growth would be "approximately flat."</p><p>Snap also announced a new $500 million stock repurchase program.</p><p><b>User Growth Overshadowed:</b> Morgan Stanley analyst <b>Brian Nowak said Snap needs to demonstrate spending discipline given its smaller gross profit base than social media peers.</b></p><p>"The steep slope of SNAP's 2Q ad deterioration (with April growing roughly 30% Y/Y and June declining an estimated -8% Y/Y) speaks to the weakening ad spend environment and larger than expected microlevel factors impacting the business," Nowak wrote.</p><p>Bank of America analyst<b> Justin Post noted Snap's strong user trends were far overshadowed by its revenue miss.</b></p><p>"While there is risk the perceived macro or competitive outlook deteriorates further in 3Q (we will learn a lot from Meta and Pinterest’s 2Q results), we believe an ad recession is largely priced in the stock with SNAP trading at 3.7x our revised 2023 revenue estimate using AH price of $12 (stock was a 3.8x P/S in 2018 when users were declining q/q)," Post wrote.</p><p>JMP analyst <b>Andrew Boone said Snap's macroeconomic, privacy and competition headwinds are all intensifying.</b></p><p>"While we acknowledge the lack of revenue visibility as the company is rebuilding a portion of its advertising measurement and targeting, we believe Snap still has significant assets as it reaches 75% of 13- to 34-year-olds in 20+ countries, continues to be a leader in AR, and has multiples growth levers across Spotlight, Map and Games/Minis as we believe innovation remains a core company tenet," Boone wrote.</p><p><b>From Bad To Worse:</b> Benchmark analyst <b>Mark Zgutowicz noted Snap is "not snapping back anytime soon."</b></p><p>"We believe fundamental (iOS measurement/ROAS) and macro factors are equally impacting SNAP ads platform demand, with the former remaining a slow work in progress, as we previously suggested," Zgutowicz wrote.</p><p>RBC Capital Markets analyst <b>Brad Erickson said Snap once again proved things can always get worse.</b></p><p>"SNAP’s weak Q3 guidance confirmed our fears that ad spending is worsening, consistent with our June 23 channel checks, and unfortunately for SNAP and the digital ad sector, we believe there are signs of further ad spending cuts still to come," Erickson wrote.</p><p>Raymond James analyst <b>Aaron Kessler said privacy concerns, ad budget headwinds and higher operating expenses are weighing on Snap's growth.</b></p><p>"We view risk/reward as fairly balanced at current levels of ~4.2/6.8x our 2022 revenue/gross profit estimates as the company plans a path to higher growth and cost improvements," Kessler wrote.</p><p><b>Disappearing Revenue Growth:</b> Rosenblatt Securities analyst <b>Barton Crockett said he is stunned by how quickly Snap's revenue growth has evaporated.</b></p><p>"After rising 66%, 116% and 57% in the first three quarters of 2021, sales growth slowed to 42% in 4Q21, 38% in 1Q22, 13% in 2Q22, and, now, flat Y/Y QTD in 3Q22," Crockett wrote.</p><p>KeyBanc analyst Justin Patterson says competition from TikTok, <b>Apple Inc </b>(NASDAQ:AAPL) and others are hurting, while Snap's ad solutions are simply taking too long to drive improvements.</p><p><b>"Given a ~20% revenue growth profile and persistent GAAP loses, we struggle to see SNAP's 2023E/2024E EV/S multiple expanding beyond 3.6x/3.0x," Patterson wrote.</b></p><p><b>Ratings And Price Targets:</b></p><ul><li>Morgan Stanley had an Overweight rating and a $17 target.</li><li>Bank of America had a Buy rating and a $22 target.</li><li>JMP had a Market Outperform rating and a $24 target.</li><li>Benchmark had a Buy rating and a $15 target.</li><li>RBC Capital Markets had a Sector Perform rating and a $10 target.</li><li>Raymond James had a Market Perform rating.</li><li>Rosenblatt Securities had a Neutral rating and a $14 target.</li><li>KeyBanc had a Sector Weight rating.</li></ul></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>8 Snap Analysts React To Q2 Earnings Miss: \"Not Snapping Back Anytime Soon\"</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\">\n8 Snap Analysts React To Q2 Earnings Miss: \"Not Snapping Back Anytime Soon\"\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2022-07-24 10:52</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><b><a href=\"https://laohu8.com/S/SNAP\">Snap Inc</a></b> (NYSE:SNAP) shares traded lower by 38% on Friday after the company disappointed Wall Street with its second-quarter numbers.</p><p>On Thursday, Snap reported a second-quarter adjusted EPS loss of 2 cents, missing analyst estimates of a 1-cent loss. Snap's $1.11 billion in revenue for the quarter also fell short of consensus expectations of $1.14 billion. Revenue was up 13% from a year ago.</p><p>Snap reported 347 million Global Daily Active Users (DAUs), beating analyst estimates of 344.2 million. Snap did not provide official guidance for the third quarter but said third-quarter revenue growth would be "approximately flat."</p><p>Snap also announced a new $500 million stock repurchase program.</p><p><b>User Growth Overshadowed:</b> Morgan Stanley analyst <b>Brian Nowak said Snap needs to demonstrate spending discipline given its smaller gross profit base than social media peers.</b></p><p>"The steep slope of SNAP's 2Q ad deterioration (with April growing roughly 30% Y/Y and June declining an estimated -8% Y/Y) speaks to the weakening ad spend environment and larger than expected microlevel factors impacting the business," Nowak wrote.</p><p>Bank of America analyst<b> Justin Post noted Snap's strong user trends were far overshadowed by its revenue miss.</b></p><p>"While there is risk the perceived macro or competitive outlook deteriorates further in 3Q (we will learn a lot from Meta and Pinterest’s 2Q results), we believe an ad recession is largely priced in the stock with SNAP trading at 3.7x our revised 2023 revenue estimate using AH price of $12 (stock was a 3.8x P/S in 2018 when users were declining q/q)," Post wrote.</p><p>JMP analyst <b>Andrew Boone said Snap's macroeconomic, privacy and competition headwinds are all intensifying.</b></p><p>"While we acknowledge the lack of revenue visibility as the company is rebuilding a portion of its advertising measurement and targeting, we believe Snap still has significant assets as it reaches 75% of 13- to 34-year-olds in 20+ countries, continues to be a leader in AR, and has multiples growth levers across Spotlight, Map and Games/Minis as we believe innovation remains a core company tenet," Boone wrote.</p><p><b>From Bad To Worse:</b> Benchmark analyst <b>Mark Zgutowicz noted Snap is "not snapping back anytime soon."</b></p><p>"We believe fundamental (iOS measurement/ROAS) and macro factors are equally impacting SNAP ads platform demand, with the former remaining a slow work in progress, as we previously suggested," Zgutowicz wrote.</p><p>RBC Capital Markets analyst <b>Brad Erickson said Snap once again proved things can always get worse.</b></p><p>"SNAP’s weak Q3 guidance confirmed our fears that ad spending is worsening, consistent with our June 23 channel checks, and unfortunately for SNAP and the digital ad sector, we believe there are signs of further ad spending cuts still to come," Erickson wrote.</p><p>Raymond James analyst <b>Aaron Kessler said privacy concerns, ad budget headwinds and higher operating expenses are weighing on Snap's growth.</b></p><p>"We view risk/reward as fairly balanced at current levels of ~4.2/6.8x our 2022 revenue/gross profit estimates as the company plans a path to higher growth and cost improvements," Kessler wrote.</p><p><b>Disappearing Revenue Growth:</b> Rosenblatt Securities analyst <b>Barton Crockett said he is stunned by how quickly Snap's revenue growth has evaporated.</b></p><p>"After rising 66%, 116% and 57% in the first three quarters of 2021, sales growth slowed to 42% in 4Q21, 38% in 1Q22, 13% in 2Q22, and, now, flat Y/Y QTD in 3Q22," Crockett wrote.</p><p>KeyBanc analyst Justin Patterson says competition from TikTok, <b>Apple Inc </b>(NASDAQ:AAPL) and others are hurting, while Snap's ad solutions are simply taking too long to drive improvements.</p><p><b>"Given a ~20% revenue growth profile and persistent GAAP loses, we struggle to see SNAP's 2023E/2024E EV/S multiple expanding beyond 3.6x/3.0x," Patterson wrote.</b></p><p><b>Ratings And Price Targets:</b></p><ul><li>Morgan Stanley had an Overweight rating and a $17 target.</li><li>Bank of America had a Buy rating and a $22 target.</li><li>JMP had a Market Outperform rating and a $24 target.</li><li>Benchmark had a Buy rating and a $15 target.</li><li>RBC Capital Markets had a Sector Perform rating and a $10 target.</li><li>Raymond James had a Market Perform rating.</li><li>Rosenblatt Securities had a Neutral rating and a $14 target.</li><li>KeyBanc had a Sector Weight rating.</li></ul></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SNAP":"Snap Inc"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2253476050","content_text":"Snap Inc (NYSE:SNAP) shares traded lower by 38% on Friday after the company disappointed Wall Street with its second-quarter numbers.On Thursday, Snap reported a second-quarter adjusted EPS loss of 2 cents, missing analyst estimates of a 1-cent loss. Snap's $1.11 billion in revenue for the quarter also fell short of consensus expectations of $1.14 billion. Revenue was up 13% from a year ago.Snap reported 347 million Global Daily Active Users (DAUs), beating analyst estimates of 344.2 million. Snap did not provide official guidance for the third quarter but said third-quarter revenue growth would be \"approximately flat.\"Snap also announced a new $500 million stock repurchase program.User Growth Overshadowed: Morgan Stanley analyst Brian Nowak said Snap needs to demonstrate spending discipline given its smaller gross profit base than social media peers.\"The steep slope of SNAP's 2Q ad deterioration (with April growing roughly 30% Y/Y and June declining an estimated -8% Y/Y) speaks to the weakening ad spend environment and larger than expected microlevel factors impacting the business,\" Nowak wrote.Bank of America analyst Justin Post noted Snap's strong user trends were far overshadowed by its revenue miss.\"While there is risk the perceived macro or competitive outlook deteriorates further in 3Q (we will learn a lot from Meta and Pinterest’s 2Q results), we believe an ad recession is largely priced in the stock with SNAP trading at 3.7x our revised 2023 revenue estimate using AH price of $12 (stock was a 3.8x P/S in 2018 when users were declining q/q),\" Post wrote.JMP analyst Andrew Boone said Snap's macroeconomic, privacy and competition headwinds are all intensifying.\"While we acknowledge the lack of revenue visibility as the company is rebuilding a portion of its advertising measurement and targeting, we believe Snap still has significant assets as it reaches 75% of 13- to 34-year-olds in 20+ countries, continues to be a leader in AR, and has multiples growth levers across Spotlight, Map and Games/Minis as we believe innovation remains a core company tenet,\" Boone wrote.From Bad To Worse: Benchmark analyst Mark Zgutowicz noted Snap is \"not snapping back anytime soon.\"\"We believe fundamental (iOS measurement/ROAS) and macro factors are equally impacting SNAP ads platform demand, with the former remaining a slow work in progress, as we previously suggested,\" Zgutowicz wrote.RBC Capital Markets analyst Brad Erickson said Snap once again proved things can always get worse.\"SNAP’s weak Q3 guidance confirmed our fears that ad spending is worsening, consistent with our June 23 channel checks, and unfortunately for SNAP and the digital ad sector, we believe there are signs of further ad spending cuts still to come,\" Erickson wrote.Raymond James analyst Aaron Kessler said privacy concerns, ad budget headwinds and higher operating expenses are weighing on Snap's growth.\"We view risk/reward as fairly balanced at current levels of ~4.2/6.8x our 2022 revenue/gross profit estimates as the company plans a path to higher growth and cost improvements,\" Kessler wrote.Disappearing Revenue Growth: Rosenblatt Securities analyst Barton Crockett said he is stunned by how quickly Snap's revenue growth has evaporated.\"After rising 66%, 116% and 57% in the first three quarters of 2021, sales growth slowed to 42% in 4Q21, 38% in 1Q22, 13% in 2Q22, and, now, flat Y/Y QTD in 3Q22,\" Crockett wrote.KeyBanc analyst Justin Patterson says competition from TikTok, Apple Inc (NASDAQ:AAPL) and others are hurting, while Snap's ad solutions are simply taking too long to drive improvements.\"Given a ~20% revenue growth profile and persistent GAAP loses, we struggle to see SNAP's 2023E/2024E EV/S multiple expanding beyond 3.6x/3.0x,\" Patterson wrote.Ratings And Price Targets:Morgan Stanley had an Overweight rating and a $17 target.Bank of America had a Buy rating and a $22 target.JMP had a Market Outperform rating and a $24 target.Benchmark had a Buy rating and a $15 target.RBC Capital Markets had a Sector Perform rating and a $10 target.Raymond James had a Market Perform rating.Rosenblatt Securities had a Neutral rating and a $14 target.KeyBanc had a Sector Weight rating.","news_type":1},"isVote":1,"tweetType":1,"viewCount":470,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9075135038,"gmtCreate":1658159342924,"gmtModify":1676536114451,"author":{"id":"4120206933854022","authorId":"4120206933854022","name":"Safemuthu11","avatar":"https://community-static.tradeup.com/news/68ba00ec7df657685dbb5c904bf101c3","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4120206933854022","authorIdStr":"4120206933854022"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9075135038","repostId":"2252420073","repostType":4,"repost":{"id":"2252420073","pubTimestamp":1658130724,"share":"https://ttm.financial/m/news/2252420073?lang=&edition=fundamental","pubTime":"2022-07-18 15:52","market":"us","language":"en","title":"3 Undervalued Stocks to Buy in the Second Half of 2022","url":"https://stock-news.laohu8.com/highlight/detail?id=2252420073","media":"Motley Fool","summary":"The rough start to the year has created great buying opportunities for investors.","content":"<html><head></head><body><p>It was a rough first half of 2022 for the stock market. At the market close on June 30, the <b>S&P 500</b> was down 21% and the <b>Nasdaq</b> was off 30%, leaving many investors' portfolios drowning in red. The upside of this brutal start to the year is that it has brought many high-quality businesses down to bargain valuations, creating compelling opportunities for investors.</p><p>However, just because a stock is trading for a cheaper valuation doesn't mean it's necessarily a good buy. Investors should look beyond the share price and dig into the fundamentals of the business to determine what's a value play and what's a value trap. Here are three undervalued companies I think make great buys for the second half of 2022 and beyond.</p><h2><b>Amazon</b></h2><p>Mostly known for its dominant position in the e-commerce space, <b>Amazon.com</b> is in a position to have a stronger second half of 2022. When the company reported first-quarter earnings, the market reacted negatively to some of the headline numbers, further punishing the stock price. However, upon closer inspection, there is reason to believe the short-term headwinds facing the e-commerce side of the business are just a bump in the road.</p><p>The North America segment of Amazon's business had year-over-year growth of 8% in Q1, and the International segment posted a decline of 6%. Revenue from these two segments is comprised mostly of e-commerce sales, which were impacted by macroeconomic factors such as inflation and supply chain constraints.</p><p>However, Amazon Web Services (AWS) grew 37% and now represents 16% of Amazon's total revenue, up from 13% in the year-ago quarter. Cloud infrastructure is a market that's expected to grow at 16% per year until 2030, providing a massive growth opportunity for Amazon.</p><p>With a price-to-sales (P/S) ratio of 2.4, Amazon currently trades for the same valuation as it did in 2016, when AWS accounted for approximately 9% of overall revenue. At this price, Amazon is hard to ignore.</p><h2><b>Disney</b></h2><p>It's easy to understand the negative impact that the pandemic had on <b>Disney</b>'s business. With its parks and experiences segment decimated by worldwide lockdowns, it's been a rough past few years for the House of Mouse.</p><p>One saving grace for Disney was the fortuitous timing of the launch of its Disney+ streaming service in November of 2019. The unexpectedly fast subscriber growth gave the business a much-needed lifeline as it was weathering the pandemic storm.</p><p>However, Disney is now emerging from this dark period, and has some bright skies ahead. In Q2 of 2022 (ended April 2), Disney posted year-over-year revenue growth of 23%. Most importantly, the segment that includes the theme parks, cruise lines, and other experiences saw revenue growth of over 100% in the quarter.</p><p>Not only are people returning to Disney properties, they're spending a lot more while they're there. The second quarter saw per-capita spending grow more than 40% over 2019. As we enter the summer travel season, there's reason to expect strong growth for the coming quarters.</p><p>With the exception of the pandemic-induced crash in early 2020, you'd have to go all the way back to 2013 to find a time that Disney traded for a P/S multiple as low as today's 2.2. Even with the hardships the company has faced over the past few years, it's difficult to argue Disney isn't in a better place as a business than it was then.</p><h2><b>Starbucks</b></h2><p>When <b>Starbucks</b> reported its earnings for Q2 2022 (ended April 3), the results were good. Revenue was up 15%, comparable store sales increased 7% globally (and 12% in the U.S.), and Starbucks Rewards memberships grew 17% year-over-year. The results look even more impressive, considering its second-largest market, China, saw comparable store sales decrease 23% due to COVID-related lockdowns.</p><p>The company suspended guidance for the remainder of the year due to uncertainty around the COVID lockdowns in China, but management does expect there to be pressure on results for the next two quarters. On the bright side, despite a year-over-year decrease in comparable store sales, the international segment did see revenue grow 4% in Q2.</p><p>CEO Howard Schultz also suspended the company's stock buyback plan shortly after returning to the company as Interim CEO, his fourth stint in the corner office. Johnson made this move to reinvest in the business in order to provide long-term value for shareholders. This may be what is needed considering the challenges facing the company, and it's good for the business to have a seasoned CEO at the helm to navigate this tough time.</p><p>There are absolutely some near-term challenges for Starbucks, but it is still a dominant brand with global reach. Starbucks currently has a P/S multiple of 2.9, a valuation only seen three times over the past decade, and below its 10-year average of 3.9. Starbucks also pays a dividend, with a market beating yield of 2.5%. For investors with a long-term investing horizon, now is a great time to pick up shares.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Undervalued Stocks to Buy in the Second Half of 2022</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Undervalued Stocks to Buy in the Second Half of 2022\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-18 15:52 GMT+8 <a href=https://www.fool.com/investing/2022/07/17/3-undervalued-stocks-to-buy-in-the-second-half-of/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It was a rough first half of 2022 for the stock market. At the market close on June 30, the S&P 500 was down 21% and the Nasdaq was off 30%, leaving many investors' portfolios drowning in red. The ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/07/17/3-undervalued-stocks-to-buy-in-the-second-half-of/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DIS":"迪士尼","SBUX":"星巴克","AMZN":"亚马逊"},"source_url":"https://www.fool.com/investing/2022/07/17/3-undervalued-stocks-to-buy-in-the-second-half-of/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2252420073","content_text":"It was a rough first half of 2022 for the stock market. At the market close on June 30, the S&P 500 was down 21% and the Nasdaq was off 30%, leaving many investors' portfolios drowning in red. The upside of this brutal start to the year is that it has brought many high-quality businesses down to bargain valuations, creating compelling opportunities for investors.However, just because a stock is trading for a cheaper valuation doesn't mean it's necessarily a good buy. Investors should look beyond the share price and dig into the fundamentals of the business to determine what's a value play and what's a value trap. Here are three undervalued companies I think make great buys for the second half of 2022 and beyond.AmazonMostly known for its dominant position in the e-commerce space, Amazon.com is in a position to have a stronger second half of 2022. When the company reported first-quarter earnings, the market reacted negatively to some of the headline numbers, further punishing the stock price. However, upon closer inspection, there is reason to believe the short-term headwinds facing the e-commerce side of the business are just a bump in the road.The North America segment of Amazon's business had year-over-year growth of 8% in Q1, and the International segment posted a decline of 6%. Revenue from these two segments is comprised mostly of e-commerce sales, which were impacted by macroeconomic factors such as inflation and supply chain constraints.However, Amazon Web Services (AWS) grew 37% and now represents 16% of Amazon's total revenue, up from 13% in the year-ago quarter. Cloud infrastructure is a market that's expected to grow at 16% per year until 2030, providing a massive growth opportunity for Amazon.With a price-to-sales (P/S) ratio of 2.4, Amazon currently trades for the same valuation as it did in 2016, when AWS accounted for approximately 9% of overall revenue. At this price, Amazon is hard to ignore.DisneyIt's easy to understand the negative impact that the pandemic had on Disney's business. With its parks and experiences segment decimated by worldwide lockdowns, it's been a rough past few years for the House of Mouse.One saving grace for Disney was the fortuitous timing of the launch of its Disney+ streaming service in November of 2019. The unexpectedly fast subscriber growth gave the business a much-needed lifeline as it was weathering the pandemic storm.However, Disney is now emerging from this dark period, and has some bright skies ahead. In Q2 of 2022 (ended April 2), Disney posted year-over-year revenue growth of 23%. Most importantly, the segment that includes the theme parks, cruise lines, and other experiences saw revenue growth of over 100% in the quarter.Not only are people returning to Disney properties, they're spending a lot more while they're there. The second quarter saw per-capita spending grow more than 40% over 2019. As we enter the summer travel season, there's reason to expect strong growth for the coming quarters.With the exception of the pandemic-induced crash in early 2020, you'd have to go all the way back to 2013 to find a time that Disney traded for a P/S multiple as low as today's 2.2. Even with the hardships the company has faced over the past few years, it's difficult to argue Disney isn't in a better place as a business than it was then.StarbucksWhen Starbucks reported its earnings for Q2 2022 (ended April 3), the results were good. Revenue was up 15%, comparable store sales increased 7% globally (and 12% in the U.S.), and Starbucks Rewards memberships grew 17% year-over-year. The results look even more impressive, considering its second-largest market, China, saw comparable store sales decrease 23% due to COVID-related lockdowns.The company suspended guidance for the remainder of the year due to uncertainty around the COVID lockdowns in China, but management does expect there to be pressure on results for the next two quarters. On the bright side, despite a year-over-year decrease in comparable store sales, the international segment did see revenue grow 4% in Q2.CEO Howard Schultz also suspended the company's stock buyback plan shortly after returning to the company as Interim CEO, his fourth stint in the corner office. Johnson made this move to reinvest in the business in order to provide long-term value for shareholders. This may be what is needed considering the challenges facing the company, and it's good for the business to have a seasoned CEO at the helm to navigate this tough time.There are absolutely some near-term challenges for Starbucks, but it is still a dominant brand with global reach. Starbucks currently has a P/S multiple of 2.9, a valuation only seen three times over the past decade, and below its 10-year average of 3.9. Starbucks also pays a dividend, with a market beating yield of 2.5%. For investors with a long-term investing horizon, now is a great time to pick up shares.","news_type":1},"isVote":1,"tweetType":1,"viewCount":354,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9900141611,"gmtCreate":1658673303233,"gmtModify":1676536189832,"author":{"id":"4120206933854022","authorId":"4120206933854022","name":"Safemuthu11","avatar":"https://community-static.tradeup.com/news/68ba00ec7df657685dbb5c904bf101c3","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4120206933854022","authorIdStr":"4120206933854022"},"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/9900141611","repostId":"2253060728","repostType":4,"repost":{"id":"2253060728","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1658631601,"share":"https://ttm.financial/m/news/2253060728?lang=&edition=fundamental","pubTime":"2022-07-24 11:00","market":"us","language":"en","title":"Amazon Is Ready To Rise Again","url":"https://stock-news.laohu8.com/highlight/detail?id=2253060728","media":"Dow Jones","summary":"Amazon's recent struggles in e-commerce are masking its continued dominance in the cloud. For invest","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/AMZN\">Amazon</a>'s recent struggles in e-commerce are masking its continued dominance in the cloud. For investors, it's time to refocus. Amazon shares have never looked more attractive than they do right now.</p><p>Amazon.com has reported earnings about 100 times since it went public in 1997. Every one of those quarterly reports has shown a growing company, despite plenty of ups and downs in the economy -- and the internet. Amazon's worst quarter came in September 2001, when the internet bubble was blowing apart. Even then, revenue grew slightly from a year earlier. Now, though, Amazon's streak may be coming to an end.</p><p>When Amazon (AMZN) reports second-quarter earnings on July 28, Wall Street analysts expect revenue growth of just 5%. That's a tepid number by Amazon standards, and if things are just slightly worse than expected, revenue could actually decline. It would be a telling moment, with Amazon facing its greatest set of challenges since founder Jeff Bezos began selling books out of his house almost 30 years ago.</p><p>The company's longtime advantage in e-commerce has arguably become a weakness, with physical stores enjoying a post-Covid renaissance. Elevated fuel costs, meanwhile, are crimping Amazon's profits, with the cost of deliveries and returns on the rise.</p><p>Amazon's profit margins have never been rich, but analysts forecast a razor-thin 1.8% operating margin in the second quarter. After years of giving Amazon a pass on profits, investors have grown impatient. Since peaking last July, the stock is down 33% to a recent $125, shedding more than $600 billion in market value. Seen through the e-commerce lens, Amazon is one more struggling tech company.</p><p>And yet none of that should matter. Investors' preoccupation with Amazon's retail operations overlooks the company's transformation. This year, the Amazon Web Services cloud business will be about 15% of the company's total revenue but more than 100% of its profits. Before, during, and after pandemic lockdowns, AWS revenue grew at a 30%-plus quarterly clip. In the long term, those trends should continue.</p><p>Meanwhile, Amazon has an advertising business that has annualized revenue of close to $40 billion. That's nearly four times the size of Twitter (TWTR) and Snap <a href=\"https://laohu8.com/S/SNAP\">$(SNAP)$</a> combined. And it's a media company that now controls the rights to a weekly National Football League game, a package that was once exclusive to broadcast giants Comcast <a href=\"https://laohu8.com/S/CMCSA\">$(CMCSA)$</a>, Fox <a href=\"https://laohu8.com/S/FOXA\">$(FOXA)$</a>, <a href=\"https://laohu8.com/S/PARA\">Paramount Global</a> (PARA), and Walt Disney <a href=\"https://laohu8.com/S/DIS\">$(DIS)$</a> . There's also a growing logistics operation that increasingly rivals FedEx <a href=\"https://laohu8.com/S/FDX.AU\">$(FDX.AU)$</a> and United Parcel Service <a href=\"https://laohu8.com/S/UPS\">$(UPS)$</a>.</p><p>The challenge for investors is that the sprawling operation has made Amazon difficult to value. It's worth the effort -- Amazon shares have rarely been more attractive. The stock could double, or triple, over the next few years. Yes, the latest quarter will be bad. But the future couldn't be brighter.</p><p>Gene Munster, a portfolio manager at Loup Ventures, says his firm has been adding to its Amazon position. While Munster concedes that investors are concerned about e-commerce profitability in the short run, he's convinced that in the long run, "no one is going to compete with Amazon" in online shopping. Munster figures that AWS and the ad business together will generate $45 billion in operating income this year. Value that at 25 times earnings, says Munster, and you get $1.1 trillion, which is just about the company's current total market value. That means investors are currently getting everything else free: online stores, Prime, logistics, Whole Foods Market, and a host of other businesses that Amazon has acquired over the years.</p><p>Says Munster: "It's hard not to like Amazon at this valuation."</p><p>To be sure, Amazon continues to face bad publicity. The company is pushing back against unions trying to organize Amazon workers, a difficult balance for a company that claims to be Earth's best employer. The company is also dealing with a newly empowered Federal Trade Commission led by Chair Lina Khan, who once wrote in the Yale Law Review that Amazon's dominant market position was clear evidence that U.S. antitrust laws weren't effectively regulating the U.S. internet sector. Amazon is sure to face intense government scrutiny for future acquisitions. And it could be forced to make concessions to the government.</p><p>For now, though, Amazon is still finding ways to grow through deals. Just this past week, the company agreed to buy One Medical, an owner of membership-based healthcare clinics, for $3.9 billion.</p><p>There's also a chance the slowing economy could weigh on AWS sales for the next few quarters. For this year, Wall Street currently expects total Amazon revenue of $520 billion, up 11%, with profits of 56 cents a share, down from $3.24 a year earlier.</p><p>But to Amazon bulls, the issues plaguing the company are fleeting and priced in. While the economy could fall into recession later this year or in 2023, that recession won't be permanent. Meanwhile, the e-commerce market continues to expand, and Amazon's slice of the pie remains vast, at about 40%. There's still room for additional market share gains, too.</p><p>The company's advertising business, meanwhile, is on the rise. Given Apple's <a href=\"https://laohu8.com/S/AAPL\">$(AAPL)$</a> tough stance on sharing information about consumer activity on the iPhone, advertisers are looking beyond <a href=\"https://laohu8.com/S/META\">Meta Platforms</a>' <a href=\"https://laohu8.com/S/META.UK\">$(META.UK)$</a> Facebook, Alphabet's <a href=\"https://laohu8.com/S/GOOGL\">$(GOOGL)$</a> YouTube, and Snap for places to spend their ad dollars. Many ad buyers are turning to options where consumer buying intent is clear on the surface. Meta has to infer what you might want to buy; in Amazon's case, consumers type their exact shopping interests into a search box. In a marketplace crowded with consumer choice, Amazon's ad market is a gold mine.</p><p>And then there's Amazon Web Services, the company's mammoth cloud-computing platform. Since the company began breaking out results for AWS in 2015, the business has accounted for more than half of Amazon's operating profits, including almost 75% of the total in 2021. In 2022, with e-commerce operations likely to lose money, AWS is forecast to constitute 150% of Amazon's operating income.</p><p>With revenue close to $82 billion, AWS is one of the world's largest software and services companies -- bigger than Oracle <a href=\"https://laohu8.com/S/ORCL\">$(ORCL)$</a>, IBM <a href=\"https://laohu8.com/S/IBM\">$(IBM)$</a>, or SAP <a href=\"https://laohu8.com/S/SAP\">$(SAP)$</a>, and more than twice the size of Salesforce <a href=\"https://laohu8.com/S/CRM.AU\">$(CRM.AU)$</a>, the largest of the so-called software-as-a-service companies. And AWS is going to get a lot bigger. It's no wonder that when Bezos chose to step down as CEO in 2021, he chose as his successor AWS architect Andy Jassy. (Amazon declined to make Jassy or any other executives available for this story, citing the quiet period ahead of earnings.)</p><p>One of Wall Street's favorite strategies for assessing corporate value is a "sum of the parts" approach: Make a list of what the company owns, put a value on each part, then add it all up.</p><p>For some of Amazon's businesses, appropriate comparisons are hard to find. There are no pure-play public cloud stocks that look anything like AWS; its primary rivals -- Microsoft <a href=\"https://laohu8.com/S/MSFT\">$(MSFT)$</a> Azure and Google Cloud -- are likewise buried inside large businesses. Amazon's ad business is valuable, but it's linked to the core e-commerce business and therefore defies an easy value.</p><p>Then there's Amazon Prime, which includes a Netflix-like video streaming service plus a Spotify-like music service. There are other businesses hidden in the company's financials, including the videogame streaming service Twitch, the audiobook company Audible, the podcasting producer Wondery, and autonomous-vehicle maker Zoox, just to name a few.</p><p>In reporting this story, Barron's found at least four different attempts by Wall Street analysts to suss out the company's true value. They involve different parts, different metrics, and varying conclusions. The only consistent theme? Amazon's parts add up to a lot more than its current market value.</p><p>Let's start with the entertainment-focused approach from Needham analyst Laura Martin. In her view, a large part of Amazon's value comes from its media businesses. She values Amazon Prime Video, Amazon Music, Twitch, and advertising at more than $500 billion. She values AWS at $650 billion. Those two numbers give you $1.15 trillion, or roughly Amazon's current market value. That doesn't include e-commerce, which Martin's calculations currently ignore.</p><p>Truist internet analyst Youssef Squali has a different approach. He puts a value of more than $500 billion on Amazon's "third-party retail" services business, which includes logistics and other services provided to millions of sellers. He adds $172 billion for "first party" retail -- Amazon-branded goods, including electronics like Fire TVs and Kindles, plus thousands of AmazonBasics products. He values the company's subscription business -- basically Prime -- at a little over $100 billion. Then, he values AWS at $867 billion, using a multiple of 30 times estimated pretax earnings for 2022. (Salesforce, which is growing more slowly than AWS, trades at roughly 30 times pretax earnings.) Ultimately, Squali comes up with an Amazon value of $1.7 trillion.</p><p>J.P. Morgan analyst Doug Anmuth takes the simplest view -- dividing Amazon into two pieces. He pegs the value of AWS at 20 times his estimate of $52 billion in 2023 earnings before interest, taxes, depreciation, and amortization, or Ebitda, which comes to just over $1 trillion. For the retail business, he applies a multiple of 1.25 times his estimated gross merchandise value for 2023, which comes to just over $950 billion. Anmuth notes that Walmart <a href=\"https://laohu8.com/S/WMT\">$(WMT)$</a> trades at about one times GMV, while Amazon's retail business has "meaningfully higher" growth, meriting a higher multiple. For Anmuth, that's a total Amazon value of $2 trillion.</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>Amazon Is Ready To Rise Again</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\">\nAmazon Is Ready To Rise Again\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-07-24 11:00</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><a href=\"https://laohu8.com/S/AMZN\">Amazon</a>'s recent struggles in e-commerce are masking its continued dominance in the cloud. For investors, it's time to refocus. Amazon shares have never looked more attractive than they do right now.</p><p>Amazon.com has reported earnings about 100 times since it went public in 1997. Every one of those quarterly reports has shown a growing company, despite plenty of ups and downs in the economy -- and the internet. Amazon's worst quarter came in September 2001, when the internet bubble was blowing apart. Even then, revenue grew slightly from a year earlier. Now, though, Amazon's streak may be coming to an end.</p><p>When Amazon (AMZN) reports second-quarter earnings on July 28, Wall Street analysts expect revenue growth of just 5%. That's a tepid number by Amazon standards, and if things are just slightly worse than expected, revenue could actually decline. It would be a telling moment, with Amazon facing its greatest set of challenges since founder Jeff Bezos began selling books out of his house almost 30 years ago.</p><p>The company's longtime advantage in e-commerce has arguably become a weakness, with physical stores enjoying a post-Covid renaissance. Elevated fuel costs, meanwhile, are crimping Amazon's profits, with the cost of deliveries and returns on the rise.</p><p>Amazon's profit margins have never been rich, but analysts forecast a razor-thin 1.8% operating margin in the second quarter. After years of giving Amazon a pass on profits, investors have grown impatient. Since peaking last July, the stock is down 33% to a recent $125, shedding more than $600 billion in market value. Seen through the e-commerce lens, Amazon is one more struggling tech company.</p><p>And yet none of that should matter. Investors' preoccupation with Amazon's retail operations overlooks the company's transformation. This year, the Amazon Web Services cloud business will be about 15% of the company's total revenue but more than 100% of its profits. Before, during, and after pandemic lockdowns, AWS revenue grew at a 30%-plus quarterly clip. In the long term, those trends should continue.</p><p>Meanwhile, Amazon has an advertising business that has annualized revenue of close to $40 billion. That's nearly four times the size of Twitter (TWTR) and Snap <a href=\"https://laohu8.com/S/SNAP\">$(SNAP)$</a> combined. And it's a media company that now controls the rights to a weekly National Football League game, a package that was once exclusive to broadcast giants Comcast <a href=\"https://laohu8.com/S/CMCSA\">$(CMCSA)$</a>, Fox <a href=\"https://laohu8.com/S/FOXA\">$(FOXA)$</a>, <a href=\"https://laohu8.com/S/PARA\">Paramount Global</a> (PARA), and Walt Disney <a href=\"https://laohu8.com/S/DIS\">$(DIS)$</a> . There's also a growing logistics operation that increasingly rivals FedEx <a href=\"https://laohu8.com/S/FDX.AU\">$(FDX.AU)$</a> and United Parcel Service <a href=\"https://laohu8.com/S/UPS\">$(UPS)$</a>.</p><p>The challenge for investors is that the sprawling operation has made Amazon difficult to value. It's worth the effort -- Amazon shares have rarely been more attractive. The stock could double, or triple, over the next few years. Yes, the latest quarter will be bad. But the future couldn't be brighter.</p><p>Gene Munster, a portfolio manager at Loup Ventures, says his firm has been adding to its Amazon position. While Munster concedes that investors are concerned about e-commerce profitability in the short run, he's convinced that in the long run, "no one is going to compete with Amazon" in online shopping. Munster figures that AWS and the ad business together will generate $45 billion in operating income this year. Value that at 25 times earnings, says Munster, and you get $1.1 trillion, which is just about the company's current total market value. That means investors are currently getting everything else free: online stores, Prime, logistics, Whole Foods Market, and a host of other businesses that Amazon has acquired over the years.</p><p>Says Munster: "It's hard not to like Amazon at this valuation."</p><p>To be sure, Amazon continues to face bad publicity. The company is pushing back against unions trying to organize Amazon workers, a difficult balance for a company that claims to be Earth's best employer. The company is also dealing with a newly empowered Federal Trade Commission led by Chair Lina Khan, who once wrote in the Yale Law Review that Amazon's dominant market position was clear evidence that U.S. antitrust laws weren't effectively regulating the U.S. internet sector. Amazon is sure to face intense government scrutiny for future acquisitions. And it could be forced to make concessions to the government.</p><p>For now, though, Amazon is still finding ways to grow through deals. Just this past week, the company agreed to buy One Medical, an owner of membership-based healthcare clinics, for $3.9 billion.</p><p>There's also a chance the slowing economy could weigh on AWS sales for the next few quarters. For this year, Wall Street currently expects total Amazon revenue of $520 billion, up 11%, with profits of 56 cents a share, down from $3.24 a year earlier.</p><p>But to Amazon bulls, the issues plaguing the company are fleeting and priced in. While the economy could fall into recession later this year or in 2023, that recession won't be permanent. Meanwhile, the e-commerce market continues to expand, and Amazon's slice of the pie remains vast, at about 40%. There's still room for additional market share gains, too.</p><p>The company's advertising business, meanwhile, is on the rise. Given Apple's <a href=\"https://laohu8.com/S/AAPL\">$(AAPL)$</a> tough stance on sharing information about consumer activity on the iPhone, advertisers are looking beyond <a href=\"https://laohu8.com/S/META\">Meta Platforms</a>' <a href=\"https://laohu8.com/S/META.UK\">$(META.UK)$</a> Facebook, Alphabet's <a href=\"https://laohu8.com/S/GOOGL\">$(GOOGL)$</a> YouTube, and Snap for places to spend their ad dollars. Many ad buyers are turning to options where consumer buying intent is clear on the surface. Meta has to infer what you might want to buy; in Amazon's case, consumers type their exact shopping interests into a search box. In a marketplace crowded with consumer choice, Amazon's ad market is a gold mine.</p><p>And then there's Amazon Web Services, the company's mammoth cloud-computing platform. Since the company began breaking out results for AWS in 2015, the business has accounted for more than half of Amazon's operating profits, including almost 75% of the total in 2021. In 2022, with e-commerce operations likely to lose money, AWS is forecast to constitute 150% of Amazon's operating income.</p><p>With revenue close to $82 billion, AWS is one of the world's largest software and services companies -- bigger than Oracle <a href=\"https://laohu8.com/S/ORCL\">$(ORCL)$</a>, IBM <a href=\"https://laohu8.com/S/IBM\">$(IBM)$</a>, or SAP <a href=\"https://laohu8.com/S/SAP\">$(SAP)$</a>, and more than twice the size of Salesforce <a href=\"https://laohu8.com/S/CRM.AU\">$(CRM.AU)$</a>, the largest of the so-called software-as-a-service companies. And AWS is going to get a lot bigger. It's no wonder that when Bezos chose to step down as CEO in 2021, he chose as his successor AWS architect Andy Jassy. (Amazon declined to make Jassy or any other executives available for this story, citing the quiet period ahead of earnings.)</p><p>One of Wall Street's favorite strategies for assessing corporate value is a "sum of the parts" approach: Make a list of what the company owns, put a value on each part, then add it all up.</p><p>For some of Amazon's businesses, appropriate comparisons are hard to find. There are no pure-play public cloud stocks that look anything like AWS; its primary rivals -- Microsoft <a href=\"https://laohu8.com/S/MSFT\">$(MSFT)$</a> Azure and Google Cloud -- are likewise buried inside large businesses. Amazon's ad business is valuable, but it's linked to the core e-commerce business and therefore defies an easy value.</p><p>Then there's Amazon Prime, which includes a Netflix-like video streaming service plus a Spotify-like music service. There are other businesses hidden in the company's financials, including the videogame streaming service Twitch, the audiobook company Audible, the podcasting producer Wondery, and autonomous-vehicle maker Zoox, just to name a few.</p><p>In reporting this story, Barron's found at least four different attempts by Wall Street analysts to suss out the company's true value. They involve different parts, different metrics, and varying conclusions. The only consistent theme? Amazon's parts add up to a lot more than its current market value.</p><p>Let's start with the entertainment-focused approach from Needham analyst Laura Martin. In her view, a large part of Amazon's value comes from its media businesses. She values Amazon Prime Video, Amazon Music, Twitch, and advertising at more than $500 billion. She values AWS at $650 billion. Those two numbers give you $1.15 trillion, or roughly Amazon's current market value. That doesn't include e-commerce, which Martin's calculations currently ignore.</p><p>Truist internet analyst Youssef Squali has a different approach. He puts a value of more than $500 billion on Amazon's "third-party retail" services business, which includes logistics and other services provided to millions of sellers. He adds $172 billion for "first party" retail -- Amazon-branded goods, including electronics like Fire TVs and Kindles, plus thousands of AmazonBasics products. He values the company's subscription business -- basically Prime -- at a little over $100 billion. Then, he values AWS at $867 billion, using a multiple of 30 times estimated pretax earnings for 2022. (Salesforce, which is growing more slowly than AWS, trades at roughly 30 times pretax earnings.) Ultimately, Squali comes up with an Amazon value of $1.7 trillion.</p><p>J.P. Morgan analyst Doug Anmuth takes the simplest view -- dividing Amazon into two pieces. He pegs the value of AWS at 20 times his estimate of $52 billion in 2023 earnings before interest, taxes, depreciation, and amortization, or Ebitda, which comes to just over $1 trillion. For the retail business, he applies a multiple of 1.25 times his estimated gross merchandise value for 2023, which comes to just over $950 billion. Anmuth notes that Walmart <a href=\"https://laohu8.com/S/WMT\">$(WMT)$</a> trades at about one times GMV, while Amazon's retail business has "meaningfully higher" growth, meriting a higher multiple. For Anmuth, that's a total Amazon value of $2 trillion.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2253060728","content_text":"Amazon's recent struggles in e-commerce are masking its continued dominance in the cloud. For investors, it's time to refocus. Amazon shares have never looked more attractive than they do right now.Amazon.com has reported earnings about 100 times since it went public in 1997. Every one of those quarterly reports has shown a growing company, despite plenty of ups and downs in the economy -- and the internet. Amazon's worst quarter came in September 2001, when the internet bubble was blowing apart. Even then, revenue grew slightly from a year earlier. Now, though, Amazon's streak may be coming to an end.When Amazon (AMZN) reports second-quarter earnings on July 28, Wall Street analysts expect revenue growth of just 5%. That's a tepid number by Amazon standards, and if things are just slightly worse than expected, revenue could actually decline. It would be a telling moment, with Amazon facing its greatest set of challenges since founder Jeff Bezos began selling books out of his house almost 30 years ago.The company's longtime advantage in e-commerce has arguably become a weakness, with physical stores enjoying a post-Covid renaissance. Elevated fuel costs, meanwhile, are crimping Amazon's profits, with the cost of deliveries and returns on the rise.Amazon's profit margins have never been rich, but analysts forecast a razor-thin 1.8% operating margin in the second quarter. After years of giving Amazon a pass on profits, investors have grown impatient. Since peaking last July, the stock is down 33% to a recent $125, shedding more than $600 billion in market value. Seen through the e-commerce lens, Amazon is one more struggling tech company.And yet none of that should matter. Investors' preoccupation with Amazon's retail operations overlooks the company's transformation. This year, the Amazon Web Services cloud business will be about 15% of the company's total revenue but more than 100% of its profits. Before, during, and after pandemic lockdowns, AWS revenue grew at a 30%-plus quarterly clip. In the long term, those trends should continue.Meanwhile, Amazon has an advertising business that has annualized revenue of close to $40 billion. That's nearly four times the size of Twitter (TWTR) and Snap $(SNAP)$ combined. And it's a media company that now controls the rights to a weekly National Football League game, a package that was once exclusive to broadcast giants Comcast $(CMCSA)$, Fox $(FOXA)$, Paramount Global (PARA), and Walt Disney $(DIS)$ . There's also a growing logistics operation that increasingly rivals FedEx $(FDX.AU)$ and United Parcel Service $(UPS)$.The challenge for investors is that the sprawling operation has made Amazon difficult to value. It's worth the effort -- Amazon shares have rarely been more attractive. The stock could double, or triple, over the next few years. Yes, the latest quarter will be bad. But the future couldn't be brighter.Gene Munster, a portfolio manager at Loup Ventures, says his firm has been adding to its Amazon position. While Munster concedes that investors are concerned about e-commerce profitability in the short run, he's convinced that in the long run, \"no one is going to compete with Amazon\" in online shopping. Munster figures that AWS and the ad business together will generate $45 billion in operating income this year. Value that at 25 times earnings, says Munster, and you get $1.1 trillion, which is just about the company's current total market value. That means investors are currently getting everything else free: online stores, Prime, logistics, Whole Foods Market, and a host of other businesses that Amazon has acquired over the years.Says Munster: \"It's hard not to like Amazon at this valuation.\"To be sure, Amazon continues to face bad publicity. The company is pushing back against unions trying to organize Amazon workers, a difficult balance for a company that claims to be Earth's best employer. The company is also dealing with a newly empowered Federal Trade Commission led by Chair Lina Khan, who once wrote in the Yale Law Review that Amazon's dominant market position was clear evidence that U.S. antitrust laws weren't effectively regulating the U.S. internet sector. Amazon is sure to face intense government scrutiny for future acquisitions. And it could be forced to make concessions to the government.For now, though, Amazon is still finding ways to grow through deals. Just this past week, the company agreed to buy One Medical, an owner of membership-based healthcare clinics, for $3.9 billion.There's also a chance the slowing economy could weigh on AWS sales for the next few quarters. For this year, Wall Street currently expects total Amazon revenue of $520 billion, up 11%, with profits of 56 cents a share, down from $3.24 a year earlier.But to Amazon bulls, the issues plaguing the company are fleeting and priced in. While the economy could fall into recession later this year or in 2023, that recession won't be permanent. Meanwhile, the e-commerce market continues to expand, and Amazon's slice of the pie remains vast, at about 40%. There's still room for additional market share gains, too.The company's advertising business, meanwhile, is on the rise. Given Apple's $(AAPL)$ tough stance on sharing information about consumer activity on the iPhone, advertisers are looking beyond Meta Platforms' $(META.UK)$ Facebook, Alphabet's $(GOOGL)$ YouTube, and Snap for places to spend their ad dollars. Many ad buyers are turning to options where consumer buying intent is clear on the surface. Meta has to infer what you might want to buy; in Amazon's case, consumers type their exact shopping interests into a search box. In a marketplace crowded with consumer choice, Amazon's ad market is a gold mine.And then there's Amazon Web Services, the company's mammoth cloud-computing platform. Since the company began breaking out results for AWS in 2015, the business has accounted for more than half of Amazon's operating profits, including almost 75% of the total in 2021. In 2022, with e-commerce operations likely to lose money, AWS is forecast to constitute 150% of Amazon's operating income.With revenue close to $82 billion, AWS is one of the world's largest software and services companies -- bigger than Oracle $(ORCL)$, IBM $(IBM)$, or SAP $(SAP)$, and more than twice the size of Salesforce $(CRM.AU)$, the largest of the so-called software-as-a-service companies. And AWS is going to get a lot bigger. It's no wonder that when Bezos chose to step down as CEO in 2021, he chose as his successor AWS architect Andy Jassy. (Amazon declined to make Jassy or any other executives available for this story, citing the quiet period ahead of earnings.)One of Wall Street's favorite strategies for assessing corporate value is a \"sum of the parts\" approach: Make a list of what the company owns, put a value on each part, then add it all up.For some of Amazon's businesses, appropriate comparisons are hard to find. There are no pure-play public cloud stocks that look anything like AWS; its primary rivals -- Microsoft $(MSFT)$ Azure and Google Cloud -- are likewise buried inside large businesses. Amazon's ad business is valuable, but it's linked to the core e-commerce business and therefore defies an easy value.Then there's Amazon Prime, which includes a Netflix-like video streaming service plus a Spotify-like music service. There are other businesses hidden in the company's financials, including the videogame streaming service Twitch, the audiobook company Audible, the podcasting producer Wondery, and autonomous-vehicle maker Zoox, just to name a few.In reporting this story, Barron's found at least four different attempts by Wall Street analysts to suss out the company's true value. They involve different parts, different metrics, and varying conclusions. The only consistent theme? Amazon's parts add up to a lot more than its current market value.Let's start with the entertainment-focused approach from Needham analyst Laura Martin. In her view, a large part of Amazon's value comes from its media businesses. She values Amazon Prime Video, Amazon Music, Twitch, and advertising at more than $500 billion. She values AWS at $650 billion. Those two numbers give you $1.15 trillion, or roughly Amazon's current market value. That doesn't include e-commerce, which Martin's calculations currently ignore.Truist internet analyst Youssef Squali has a different approach. He puts a value of more than $500 billion on Amazon's \"third-party retail\" services business, which includes logistics and other services provided to millions of sellers. He adds $172 billion for \"first party\" retail -- Amazon-branded goods, including electronics like Fire TVs and Kindles, plus thousands of AmazonBasics products. He values the company's subscription business -- basically Prime -- at a little over $100 billion. Then, he values AWS at $867 billion, using a multiple of 30 times estimated pretax earnings for 2022. (Salesforce, which is growing more slowly than AWS, trades at roughly 30 times pretax earnings.) Ultimately, Squali comes up with an Amazon value of $1.7 trillion.J.P. Morgan analyst Doug Anmuth takes the simplest view -- dividing Amazon into two pieces. He pegs the value of AWS at 20 times his estimate of $52 billion in 2023 earnings before interest, taxes, depreciation, and amortization, or Ebitda, which comes to just over $1 trillion. For the retail business, he applies a multiple of 1.25 times his estimated gross merchandise value for 2023, which comes to just over $950 billion. Anmuth notes that Walmart $(WMT)$ trades at about one times GMV, while Amazon's retail business has \"meaningfully higher\" growth, meriting a higher multiple. For Anmuth, that's a total Amazon value of $2 trillion.","news_type":1},"isVote":1,"tweetType":1,"viewCount":211,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9074327791,"gmtCreate":1658301231814,"gmtModify":1676536137746,"author":{"id":"4120206933854022","authorId":"4120206933854022","name":"Safemuthu11","avatar":"https://community-static.tradeup.com/news/68ba00ec7df657685dbb5c904bf101c3","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4120206933854022","authorIdStr":"4120206933854022"},"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/9074327791","repostId":"1180458878","repostType":4,"repost":{"id":"1180458878","pubTimestamp":1658296438,"share":"https://ttm.financial/m/news/1180458878?lang=&edition=fundamental","pubTime":"2022-07-20 13:53","market":"us","language":"en","title":"Tesla: The Gold Standard For Mission-Driven Companies","url":"https://stock-news.laohu8.com/highlight/detail?id=1180458878","media":"Seeking Alpha","summary":"SummaryTesla’s mission is to accelerate the world’s transition to sustainable energy.There are count","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Tesla’s mission is to accelerate the world’s transition to sustainable energy.</li><li>There are countless examples of decisions Tesla has taken to achieve this inspirational mission.</li><li>Perhaps most impressively, these decisions have also enhanced Tesla’s business performance at the same time.</li><li>If Tesla continues to be mission-driven, and I believe it will, then I think shareholders will reap the rewards over the upcoming decade.</li></ul><p><b>Overview</b></p><p>Most companies in the world today will have mission statements, which are supposed to be the north star of any company. Any employee should be able to look at whatever they're working on, and think 'yeah, this is helping us to achieve our mission'. Often, mission-driven companies end up being more successful than their counterparts, as they attract and retain high-quality employees, customers, and long-term investors who can all get behind the mission.</p><p>But not all mission statements are created equal, and not all companies live up to this. I'll give a couple of examples.</p><p>'To responsibly lead the transition of adult smokers to a smoke-free future' is the mission statement of cigarette manufacturer Altria (MO), formerly Philip Morris. Can an employee coming up with the latest marketing strategy to sell their Marlboro cigarettes look at that mission statement and think they're achieving that? Absolutely not. It sounds like a great mission statement, but it is quite frankly ridiculous.</p><p>How does 'To provide the highest level of service, the broadest selection of products and the most competitive prices' sound? I mean… this could be applied to literally <i>any</i> retailer; it's an awful mission statement, and certainly isn't going to inspire any employees. 10 points for whoever can guess the company behind this terrible mission statement in the comments.</p><p>Done correctly, a mission statement should be simple and inspirational whilst also being a north star that a company can look at to ensure it's on the road to accomplishing all that it wishes to achieve. Here's an example of a brilliant mission statement:</p><blockquote>To accelerate the world's transition to sustainable energy</blockquote><p>This, of course, is the mission statement of Tesla (NASDAQ:TSLA). It is simple (any employee would be able to recite it), inspirational (doing good for the planet), and can also be used as a north star, even as Tesla has diversified across industries (cars, energy, AI). As we saw with Altria, some companies have mission statements that sound great, but are not a 'north star' - yet with Tesla, we have a company that does everything with its mission statement in mind, and I think that investors will reap the rewards over the years ahead.</p><p><img src=\"https://static.tigerbbs.com/b8fd7ca96fa95b86d3d2eb7f59ee23ee\" tg-width=\"640\" tg-height=\"284\" referrerpolicy=\"no-referrer\"/></p><p>Tesla 2021 Impact Report</p><p><b>Unmistakably Mission-Driven</b></p><p>There are numerous examples of Tesla taking actions that are not only mission-driven but have also been beneficial to the business. Some investors think that taking a mission-driven approach and trying to do some good in the world is just a company being 'woke', but Tesla proves that taking actions to accelerate the world's transition to sustainable energy can also drive business performance to new heights.</p><p>Back in June 2014, CEO Elon Musk wrote a blog post entitled All Our Patent Are Belong To You, and I'm sure the phrasing is a pop-culture reference that I'm missing.</p><p>In doing so, he announced that Tesla would apply an open source philosophy to its patents for the advancement of electric vehicle technology. Tesla vowed not to initiate patent lawsuits against anyone who, in good faith, wanted to use its technology for their own development of electric vehicles. This is primarily because Tesla saw its main competition as the number of ICE vehicles on the road - not electric car programs from major car manufacturers.</p><p>This decision made 8 years ago clearly has not harmed Tesla, but it successfully contributed to their mission. In fact, the company also calls out that it isn't patents that will continue to give them a competitive advantage:</p><blockquote>Technology leadership is not defined by patents, which history has repeatedly shown to be small protection indeed against a determined competitor, but rather by the ability of a company to attract and motivate the world's most talented engineers. We believe that applying the open source philosophy to our patents will strengthen rather than diminish Tesla's position in this regard.</blockquote><p>Turns out, they were absolutely right - but this is only the start.</p><p>In 2017, Tesla Motors changed its name to Tesla, reflecting the company's expansion beyond cars into batteries and solar energy. Clearly a jump into different industries, but once again with the aim of achieving its mission - particularly thanks to the 2016 acquisition of SolarCity.</p><p>Nowadays, Tesla offers a range of additional products for solar energy generation and storage. These include Powerwall, a lithium-ion battery storage product designed for a home; Megapack, an energy storage solution for much larger facilities; and Solar Roof, which is well... a solar powered roof. By making this change to the company, Tesla opened up a whole new avenue in which it can generate value for shareholders, all whilst taking another step closer to achieving its mission. In fact, Tesla solar panels have generated more electricity than has been consumed by its vehicles and factories from 2012 through to 2021.</p><p><img src=\"https://static.tigerbbs.com/3c2c54c669e95988bd15f525540cb1ea\" tg-width=\"640\" tg-height=\"339\" referrerpolicy=\"no-referrer\"/></p><p>Tesla 2021 Impact Report</p><p>These are just a few examples of Tesla expanding the business to both achieve its mission and also deliver shareholder value. Others include:</p><ul><li><b>Open Supercharger Network</b>: More cars using these superchargers provide additional revenue for Tesla, plus it also enables greater efficiency and broader expansion opportunities.</li><li><b>Autonomous Driving</b>: Gives an additional incentive to use Tesla cars, and the opportunity for robotaxis will clearly result in more Tesla EVs on the road.</li><li><b>Battery Recycling</b>: Creates less waste in the supply chain but also enables Tesla to repurpose components of old batteries when creating new ones, particularly when it comes to harder-to-obtain minerals such as lithium.</li><li><b>Production & Supply Chain Localisation</b>: Reduces emissions whilst also reducing the cost of transporting finished goods across the globe.</li></ul><p><img src=\"https://static.tigerbbs.com/77d85854f1b29142e8c3048597793a9e\" tg-width=\"640\" tg-height=\"207\" referrerpolicy=\"no-referrer\"/></p><p>Tesla 2020 Impact Report</p><p><b>Why Does It Matter?</b></p><p>We can see past instances where Tesla's mission-driven approach has led to changes in the company, but what are the implications for shareholders?</p><p>Firstly, there's no denying that one of Tesla's strongest economic moats is its brand. Whilst this is in part driven by its technical expertise, Tesla has also managed to appeal to the ever-more conscientious consumer who cares about this transition to sustainable energy.</p><p>The company's eco-friendly mission has accelerated the value of Tesla's brand substantially, with Tesla now being the world's 29th most valuable brand according to Kantar BrandZ- notably, the highest rating for a car brand, with its closest competitor being Toyota, ranked 66th.</p><p><img src=\"https://static.tigerbbs.com/e415859215c77612da6b58c6605441d4\" tg-width=\"640\" tg-height=\"319\" referrerpolicy=\"no-referrer\"/></p><p>Kantar BrandZ Most Valuable Global Brands 2022</p><p>Strong brands have a history of delivering impressive shareholder returns, and Tesla has been no different. Its ability to deliver on its inspirational mission should only further help to supercharge growth for the company.</p><p>But it's not just about enhancing the brand; Tesla's mission-driven approach will continue to drive the company forward in ways that cannot yet be foreseen - although perhaps there is one aspect that we can dive into further.</p><p>Tesla recently announced that it was piloting an open Supercharger network throughout some European countries. On the face of it, this decision will take Tesla one step closer to achieving its mission but will be detrimental to the company. I believe that another smaller economic moat possessed by Tesla relates to its switching costs for the Supercharger network - without a Tesla, you cannot access it - and it feels like Tesla might be forgoing this moat in the name of its mission, thereby weakening the business.</p><p>But dig a little deeper, and the potential switch away from a closed Supercharger network makes a lot of sense. As it stands, Tesla is somewhat limited in the amount of Supercharger stations that it can build - is there any point building out some if there are just 100 Teslas in a town? Yet... what if there are 100 Teslas, but 1,000 electric or hybrid vehicles? Tesla's Superchargers are the best in the business according to JD Power, and so the demand would be there from non-Tesla owners to utilise these rapid charging stations.</p><p>Then take it one step further and consider the direction the world is heading in. We will all be driving electric vehicles eventually, whether that's in 10, 20, or 50 years, and these EV charging stations will be the norm, just as gas stations are today. But could you imagine General Motors (GM) owning a bunch of gas stations at which you could only refuel GM cars? It would seem silly and inefficient, and I believe this is what the Tesla Supercharger network would turn into if it failed to open up.</p><p>This is just one example of something that is only being piloted right now, but it shows how Tesla's mission statement combined with the tailwinds driving the transition to sustainable energy can result in this company being ahead of the game - as it always has been, and I hope it will continue to do so.</p><p><b>Tailwinds Pushing This Mission Forward</b></p><p>Let's reiterate once again: Tesla's mission statement is to accelerate the world's transition to sustainable energy.</p><p>Another aspect shareholders should love about this mission statement is the number of tailwinds behind it. Governments across the globe are incentivised to transition from fossil fuels to sustainable energy sources, and there is more and more pressure being put on these governments to take action. This should only help Tesla's growth to accelerate - but don't just take my word for it.</p><p>According toFacts and Factors, the global EV market is expected to grow from a size of $185B in 2021 to $980B in 2028, implying a 24.5% CAGR.</p><p>According to Precedence Research, the global solar power market is poised to grow at a 7.2% CAGR from 2021 through to 2030, reaching a size of $368B.</p><p><img src=\"https://static.tigerbbs.com/b024f31dfd3427917a0089dcb41f086b\" tg-width=\"640\" tg-height=\"379\" referrerpolicy=\"no-referrer\"/></p><p>Precedence Research</p><p>Finally, according to Fortune Business Insights, the EV charging station market is expected to grow at a 30.26% CAGR from 2021 through to 2028, achieving an overall market size of $111.9B.</p><p>What's the takeaway? Not only is Tesla able to improve its business performance by achieving its mission, but the mission-driven avenues that this company is exploring are growing market opportunities.</p><p>This is a perfect mission to inspire employees and create customer loyalty, but it is also a brilliant mission when it comes to expanding the business into new, emerging trends and potentially huge market opportunities. Talk about a win-win!</p><p><img src=\"https://static.tigerbbs.com/ce7e089ac5fe9ffb0abace40d439c26a\" tg-width=\"640\" tg-height=\"352\" referrerpolicy=\"no-referrer\"/></p><p>Tesla 2021 Impact Report</p><p><b>Valuation</b></p><p>I know, I know… I had to ruin it by talking about valuation. Yet Tesla's valuation may not be as unreasonable as some in the financial media like to make out. I explained the full rationale behind my valuation model in my previous article, and nothing has changed since (apart from the current market capitalisation).</p><p><img src=\"https://static.tigerbbs.com/837632439f7d611f8cf8f9ff348af656\" tg-width=\"640\" tg-height=\"657\" referrerpolicy=\"no-referrer\"/></p><p>Tesla SEC Filings/Excel</p><p>Basically, I think shares are reasonably priced, particularly if you believe that Tesla can achieve a revenue CAGR of over 28% through to 2026 (spoiler alert - I do).</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla: The Gold Standard For Mission-Driven Companies</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla: The Gold Standard For Mission-Driven Companies\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-20 13:53 GMT+8 <a href=https://seekingalpha.com/article/4524281-tesla-tsla-gold-standard-for-mission-driven-companies?source=content_type%3Aall%7Cfirst_level_url%3Aportfolio%7Csection%3Aportfolio_content_unit%7Csection_asset%3Alatest%7Cline%3A13><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryTesla’s mission is to accelerate the world’s transition to sustainable energy.There are countless examples of decisions Tesla has taken to achieve this inspirational mission.Perhaps most ...</p>\n\n<a href=\"https://seekingalpha.com/article/4524281-tesla-tsla-gold-standard-for-mission-driven-companies?source=content_type%3Aall%7Cfirst_level_url%3Aportfolio%7Csection%3Aportfolio_content_unit%7Csection_asset%3Alatest%7Cline%3A13\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://seekingalpha.com/article/4524281-tesla-tsla-gold-standard-for-mission-driven-companies?source=content_type%3Aall%7Cfirst_level_url%3Aportfolio%7Csection%3Aportfolio_content_unit%7Csection_asset%3Alatest%7Cline%3A13","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180458878","content_text":"SummaryTesla’s mission is to accelerate the world’s transition to sustainable energy.There are countless examples of decisions Tesla has taken to achieve this inspirational mission.Perhaps most impressively, these decisions have also enhanced Tesla’s business performance at the same time.If Tesla continues to be mission-driven, and I believe it will, then I think shareholders will reap the rewards over the upcoming decade.OverviewMost companies in the world today will have mission statements, which are supposed to be the north star of any company. Any employee should be able to look at whatever they're working on, and think 'yeah, this is helping us to achieve our mission'. Often, mission-driven companies end up being more successful than their counterparts, as they attract and retain high-quality employees, customers, and long-term investors who can all get behind the mission.But not all mission statements are created equal, and not all companies live up to this. I'll give a couple of examples.'To responsibly lead the transition of adult smokers to a smoke-free future' is the mission statement of cigarette manufacturer Altria (MO), formerly Philip Morris. Can an employee coming up with the latest marketing strategy to sell their Marlboro cigarettes look at that mission statement and think they're achieving that? Absolutely not. It sounds like a great mission statement, but it is quite frankly ridiculous.How does 'To provide the highest level of service, the broadest selection of products and the most competitive prices' sound? I mean… this could be applied to literally any retailer; it's an awful mission statement, and certainly isn't going to inspire any employees. 10 points for whoever can guess the company behind this terrible mission statement in the comments.Done correctly, a mission statement should be simple and inspirational whilst also being a north star that a company can look at to ensure it's on the road to accomplishing all that it wishes to achieve. Here's an example of a brilliant mission statement:To accelerate the world's transition to sustainable energyThis, of course, is the mission statement of Tesla (NASDAQ:TSLA). It is simple (any employee would be able to recite it), inspirational (doing good for the planet), and can also be used as a north star, even as Tesla has diversified across industries (cars, energy, AI). As we saw with Altria, some companies have mission statements that sound great, but are not a 'north star' - yet with Tesla, we have a company that does everything with its mission statement in mind, and I think that investors will reap the rewards over the years ahead.Tesla 2021 Impact ReportUnmistakably Mission-DrivenThere are numerous examples of Tesla taking actions that are not only mission-driven but have also been beneficial to the business. Some investors think that taking a mission-driven approach and trying to do some good in the world is just a company being 'woke', but Tesla proves that taking actions to accelerate the world's transition to sustainable energy can also drive business performance to new heights.Back in June 2014, CEO Elon Musk wrote a blog post entitled All Our Patent Are Belong To You, and I'm sure the phrasing is a pop-culture reference that I'm missing.In doing so, he announced that Tesla would apply an open source philosophy to its patents for the advancement of electric vehicle technology. Tesla vowed not to initiate patent lawsuits against anyone who, in good faith, wanted to use its technology for their own development of electric vehicles. This is primarily because Tesla saw its main competition as the number of ICE vehicles on the road - not electric car programs from major car manufacturers.This decision made 8 years ago clearly has not harmed Tesla, but it successfully contributed to their mission. In fact, the company also calls out that it isn't patents that will continue to give them a competitive advantage:Technology leadership is not defined by patents, which history has repeatedly shown to be small protection indeed against a determined competitor, but rather by the ability of a company to attract and motivate the world's most talented engineers. We believe that applying the open source philosophy to our patents will strengthen rather than diminish Tesla's position in this regard.Turns out, they were absolutely right - but this is only the start.In 2017, Tesla Motors changed its name to Tesla, reflecting the company's expansion beyond cars into batteries and solar energy. Clearly a jump into different industries, but once again with the aim of achieving its mission - particularly thanks to the 2016 acquisition of SolarCity.Nowadays, Tesla offers a range of additional products for solar energy generation and storage. These include Powerwall, a lithium-ion battery storage product designed for a home; Megapack, an energy storage solution for much larger facilities; and Solar Roof, which is well... a solar powered roof. By making this change to the company, Tesla opened up a whole new avenue in which it can generate value for shareholders, all whilst taking another step closer to achieving its mission. In fact, Tesla solar panels have generated more electricity than has been consumed by its vehicles and factories from 2012 through to 2021.Tesla 2021 Impact ReportThese are just a few examples of Tesla expanding the business to both achieve its mission and also deliver shareholder value. Others include:Open Supercharger Network: More cars using these superchargers provide additional revenue for Tesla, plus it also enables greater efficiency and broader expansion opportunities.Autonomous Driving: Gives an additional incentive to use Tesla cars, and the opportunity for robotaxis will clearly result in more Tesla EVs on the road.Battery Recycling: Creates less waste in the supply chain but also enables Tesla to repurpose components of old batteries when creating new ones, particularly when it comes to harder-to-obtain minerals such as lithium.Production & Supply Chain Localisation: Reduces emissions whilst also reducing the cost of transporting finished goods across the globe.Tesla 2020 Impact ReportWhy Does It Matter?We can see past instances where Tesla's mission-driven approach has led to changes in the company, but what are the implications for shareholders?Firstly, there's no denying that one of Tesla's strongest economic moats is its brand. Whilst this is in part driven by its technical expertise, Tesla has also managed to appeal to the ever-more conscientious consumer who cares about this transition to sustainable energy.The company's eco-friendly mission has accelerated the value of Tesla's brand substantially, with Tesla now being the world's 29th most valuable brand according to Kantar BrandZ- notably, the highest rating for a car brand, with its closest competitor being Toyota, ranked 66th.Kantar BrandZ Most Valuable Global Brands 2022Strong brands have a history of delivering impressive shareholder returns, and Tesla has been no different. Its ability to deliver on its inspirational mission should only further help to supercharge growth for the company.But it's not just about enhancing the brand; Tesla's mission-driven approach will continue to drive the company forward in ways that cannot yet be foreseen - although perhaps there is one aspect that we can dive into further.Tesla recently announced that it was piloting an open Supercharger network throughout some European countries. On the face of it, this decision will take Tesla one step closer to achieving its mission but will be detrimental to the company. I believe that another smaller economic moat possessed by Tesla relates to its switching costs for the Supercharger network - without a Tesla, you cannot access it - and it feels like Tesla might be forgoing this moat in the name of its mission, thereby weakening the business.But dig a little deeper, and the potential switch away from a closed Supercharger network makes a lot of sense. As it stands, Tesla is somewhat limited in the amount of Supercharger stations that it can build - is there any point building out some if there are just 100 Teslas in a town? Yet... what if there are 100 Teslas, but 1,000 electric or hybrid vehicles? Tesla's Superchargers are the best in the business according to JD Power, and so the demand would be there from non-Tesla owners to utilise these rapid charging stations.Then take it one step further and consider the direction the world is heading in. We will all be driving electric vehicles eventually, whether that's in 10, 20, or 50 years, and these EV charging stations will be the norm, just as gas stations are today. But could you imagine General Motors (GM) owning a bunch of gas stations at which you could only refuel GM cars? It would seem silly and inefficient, and I believe this is what the Tesla Supercharger network would turn into if it failed to open up.This is just one example of something that is only being piloted right now, but it shows how Tesla's mission statement combined with the tailwinds driving the transition to sustainable energy can result in this company being ahead of the game - as it always has been, and I hope it will continue to do so.Tailwinds Pushing This Mission ForwardLet's reiterate once again: Tesla's mission statement is to accelerate the world's transition to sustainable energy.Another aspect shareholders should love about this mission statement is the number of tailwinds behind it. Governments across the globe are incentivised to transition from fossil fuels to sustainable energy sources, and there is more and more pressure being put on these governments to take action. This should only help Tesla's growth to accelerate - but don't just take my word for it.According toFacts and Factors, the global EV market is expected to grow from a size of $185B in 2021 to $980B in 2028, implying a 24.5% CAGR.According to Precedence Research, the global solar power market is poised to grow at a 7.2% CAGR from 2021 through to 2030, reaching a size of $368B.Precedence ResearchFinally, according to Fortune Business Insights, the EV charging station market is expected to grow at a 30.26% CAGR from 2021 through to 2028, achieving an overall market size of $111.9B.What's the takeaway? Not only is Tesla able to improve its business performance by achieving its mission, but the mission-driven avenues that this company is exploring are growing market opportunities.This is a perfect mission to inspire employees and create customer loyalty, but it is also a brilliant mission when it comes to expanding the business into new, emerging trends and potentially huge market opportunities. Talk about a win-win!Tesla 2021 Impact ReportValuationI know, I know… I had to ruin it by talking about valuation. Yet Tesla's valuation may not be as unreasonable as some in the financial media like to make out. I explained the full rationale behind my valuation model in my previous article, and nothing has changed since (apart from the current market capitalisation).Tesla SEC Filings/ExcelBasically, I think shares are reasonably priced, particularly if you believe that Tesla can achieve a revenue CAGR of over 28% through to 2026 (spoiler alert - I do).","news_type":1},"isVote":1,"tweetType":1,"viewCount":263,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}