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06-01

This could be an opportunity

@Tiger_James Ooi:Apple is the hidden AI play that may surprise investors at WWDC

04-16

$Cboe Volatility Index(VIX)$

03-25

A good news

DFJ: Japan Is Different This Time, Consider Buying Small Caps On Dips

2023-06-17

Great ariticle, would you like to share it?

@Optionspuppy:Title: Unveiling the Art of Selecting Strike Prices for Selling Cash Secured Put Options on $Alphabet(GOOGL)$ Introduction: In the world of options trading, one strategy that can be employed is selling cash secured put options. This strategy involves selling a put option on a stock you would like to own, with the intention of generating income and potentially acquiring the stock at a lower price. The key to successful execution lies in selecting the appropriate strike price for your cash secured put options. In this article, we will delve into the art of choosing strike prices, focusing on the merits of selecting strike prices that are 10% to 15% below the current market prices and opting for options with a on

2023-06-17

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@WallStreet_Tiger:Comparison|AMD Aims To Take AI Chip Share,Threat To NVDIA?

2023-06-17

Great

@TigerClub:Ray: How I Get 91.18% Winning Rate & My Practical Sell Put Strategy of TSLA & LI

2023-05-18

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@Value_investing:13F Digest| JD was reduced by Hillhouse and Greenwoods

2023-05-18

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@JC888:Buy $OXY & $COF Like Mr Warren Buffett ? Wait, Dun Rush!

2023-05-18

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@MillionaireTiger:Nvidia Rebounds From $108 to $289! Will You Add Ahead of Earnings?

2022-08-05

#Gardens By the Bay ❤️🎉🥳🎂

2022-08-01

$GOLDENSOLAR(01121)$....

2022-07-29

$Apple(AAPL)$View on Apple(AAPL)BullishBearish

2022-07-29

$Pagaya Technologies Ltd.(PGY)$could be profitable??

2022-07-23

1st step done 😊

Go to Tiger App to see more news

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Apple will host WWDC from June 10-14, and it is widely expected that Apple will launch practical AI functions and announce a partnership with OpenAI during the event. Approximately 1.46 billion people worldwide use iPhones. I reckon AI-enabled phones will drive a multiyear upgrade cycle, similar to the significant improvements seen with the introduction of smartphones. &nbsp; Why Should You Be Optimistic About Apple Stock Heading into WWDC? 1) Historical Performance During WWDC: P","text":"Apple $Apple(AAPL)$ stock is currently trading at $191.29, only 3.44% lower than its all-time high of $198.11. Apple stock has climbed 12.46% so far this month, on pace to have its best month since July 2022. The stock may continue its uptrend momentum heading into WWDC. Apple will host WWDC from June 10-14, and it is widely expected that Apple will launch practical AI functions and announce a partnership with OpenAI during the event. Approximately 1.46 billion people worldwide use iPhones. I reckon AI-enabled phones will drive a multiyear upgrade cycle, similar to the significant improvements seen with the introduction of smartphones. 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36px), (max-width: 1024px) calc(100vw - 132px), (max-width: 1200px) calc(66.6vw - 72px), 600px\" src=\"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1005853368/image_1005853368.jpg?io=getty-c-w750\" srcset=\"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1005853368/image_1005853368.jpg?io=getty-c-w1536 1536w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1005853368/image_1005853368.jpg?io=getty-c-w1280 1280w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1005853368/image_1005853368.jpg?io=getty-c-w1080 1080w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1005853368/image_1005853368.jpg?io=getty-c-w750 750w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1005853368/image_1005853368.jpg?io=getty-c-w640 640w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1005853368/image_1005853368.jpg?io=getty-c-w480 480w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1005853368/image_1005853368.jpg?io=getty-c-w320 320w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1005853368/image_1005853368.jpg?io=getty-c-w240 240w\" width=\"6667px\"/> </picture><figcaption> <p>Eoneren</p></figcaption></figure></p> <h2><strong>DFJ overview</strong></h2> <p>The WisdomTree Japan SmallCap Dividend Fund ETF (<span>NYSEARCA:DFJ</span>) is an efficient way for investors to get exposure to listed Japanese small-cap companies that pay regular dividends. They tend to be companies more linked to local economic<span> growth in Japan compared to some of the larger export orientated listed companies. Those wishing to learn more about the index this ETF tracks, can visit the </span>DFJ website here<span>.</span></p> <p>Over the last five years, small caps have underperformed their larger counterparts. I shall explore further down why this represents an opportunity via DFJ.</p> <p>This ETF has a long history dating back to 2006. Over the last five years, the dividend distribution has consistently been around 2.5%. Whilst this is modest, it is quite sustainable as it is funded out of the underlying income of the stocks in the portfolio. With Japan’s highly publicized corporate<span> governance reforms, this also points to optimism for the yield to offer room for improvement.</span></p> <p>As we can see from below, the fund size and expense ratios are reasonable given this style of ETF.</p> <p><figure contenteditable=\"false\"><picture> <img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/3/18/48977565-17107420016122978.png\"/> </picture><figcaption><p><span>DFJ Factsheet December 31, 2023.</span></p></figcaption></figure></p> <h2><strong>DFJ fund past performance</strong></h2> <p>Below is the performance of DFJ according to the latest factsheet provided up until December 31, 2023.</p> <p><figure contenteditable=\"false\"><picture> <span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/3/18/48977565-17107420020418093.png\"/></span> </picture><figcaption><p><span>DFJ Factsheet December 31, 2023.</span></p></figcaption></figure></p> <p>The Nikkei has got off to a huge start in 2024, with plenty of publicity about it hitting 40,000 points. As I write it has risen circa 19% YTD, and smaller Japanese companies have also risen, albeit to less of an extent. DFJ has also therefore built on its positive returns displayed above thus far in 2024.</p> <p>Over the long term, the performance table highlights an important fact. The WisdomTree Japan SmallCap Dividends Index that this ETF tracks, has built up some significant outperformance over the MSCI Japan Small Cap Index.</p> <h2><strong>DFJ peers’ analysis</strong></h2> <p>Another way to look at the benefit of using a dividend factor tilt with Japan’s small companies is to examine DFJ versus some peers.</p> <p>Let’s look at DFJ relative to the <a href=\"https://laohu8.com/S/EEMA\">iShares</a> MSCI Japan Small-Cap ETF (SCJ) and Japan Smaller Capitalization Fund (JOF). Note that the latter is a closed-end fund so the total returns analysis shall include some movement in the discount to NAV. For JOF over the last five years, though, the discount has widened by approximately a few percent. I would therefore not consider this a major factor in this returns analysis.</p> <p><figure contenteditable=\"false\"><picture> <img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/3/18/48977565-1710742001691671.png\"/> </picture><figcaption><p><span>DFJ Peers comparison, Seeking Alpha.</span></p></figcaption></figure><figure contenteditable=\"false\"><picture> <span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/3/18/48977565-17107420018436816.png\"/></span> </picture><figcaption><p><span>Total Return 5 years to March 15, 2024, Seeking Alpha.</span></p></figcaption></figure></p> <h2><strong>DFJ distribution history</strong></h2> <p>As I mentioned in the DFJ overview in the beginning, the distributions here are not large. They are, however, consistent and sustainable, as demonstrated below.</p> <p><figure contenteditable=\"false\"><picture> <img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/3/18/48977565-17107420019223013.png\"/> </picture><figcaption><p><span>DFJ Factsheet December 31, 2023.</span></p></figcaption></figure></p> <h2><strong>Long Japan stocks trade getting a little crowded on a short-term view</strong></h2> <p>I suggested in my title that DFJ is more an opportunity to buy on dips because thus far in 2024 Japan stocks have suddenly gained a lot of media attention.</p> <p>Whilst I am not a big advocate for market timing, my point is I would be reluctant to bet on Japan stocks in a major way at this point of widespread enthusiasm. The long-term fundamentals remain solid though as valuations are not stretched despite large gains in 2023 and YTD.</p> <p>The risks of disappointment in the shorter term are mounting, though, given the excellent gains witnessed in the last 12 months.</p> <p>Rather than due to valuations being a major obstacle, I see the risks of a correction more because of other factors. These include primarily the risk of the global economy weakening significantly. In this scenario, the risks of earnings forecasts getting revised down remain elevated. It could also finally see a strengthening yen, which may surprise global investors that have recently become so enthusiastic about Japan stocks.</p> <p>Signs of the long Japan stocks trade becoming a bit crowded have been evidenced this year. Some examples are illustrated below by the following couple of charts.</p> <p><figure contenteditable=\"false\"><picture> <img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/3/18/48977565-17107420018882353.png\"/> </picture><figcaption><p><span>BofA Asia Fund Manager February Survey via Business News India: Latest Business News Today, Share Market, Economy</span></p></figcaption></figure></p> <p><figure contenteditable=\"false\"><picture> <img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/3/18/48977565-17107420026082246.png\"/> </picture><figcaption><p><span>Variant perception February 2024 asset allocation discussion</span></p></figcaption></figure></p> <p>Also, taking a bigger picture view of global risk appetite, “risk-on” trades also seems crowded in the short term.</p> <p><figure contenteditable=\"false\"><picture> <span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/3/18/48977565-17107420019355476.png\"/></span> </picture><figcaption><p><span>AAII</span></p></figcaption></figure></p> <h2><strong>International investors favoring Japan is still a relatively new story</strong></h2> <p>Taking a longer-term view, however, the popularity of the long Japan stocks trade looks to be only part of the way into a longer structural story. International investors have gradually been allocating to Japanese equities in the last few years. This, however, only partially reverses the opposite trend witnessed from 2016 to 2019.</p> <p><figure contenteditable=\"false\"><picture> <img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/3/18/48977565-17107420018089545.png\"/> </picture><figcaption><p><span>Bloomberg via jpmorgan.com</span></p></figcaption></figure></p> <p>Valuations wise, the large gains in the Japan stock market in 2023 do not necessarily result in signs of overvaluation. Heading into this year, one could make a case there was plenty of room to run still. Price to book ratios remain low, especially considering companies in Japan are relatively cashed up.</p> <p><figure contenteditable=\"false\"><picture> <span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/3/18/48977565-17107420025029936.png\"/></span> </picture><figcaption><p><span>Eastspring Investments</span></p></figcaption></figure></p> <p>I therefore view shorter term corrections in Japan’s stock market of circa 10% as an attractive buying opportunity. That being said, I see the more attractive opportunity in the small cap part of the market.</p> <h2><strong>Why is Japan’s stock market rising?</strong></h2> <p>The Tokyo Stock Exchange's \"naming and shaming\" type approach, along with increasing shareholder activism, is having a clear impact on companies increasing their dividends.</p> <p><figure contenteditable=\"false\"><picture> <span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/3/18/48977565-17107420025949578.png\"/></span> </picture><figcaption><p><span>FactSet Research Systems, Bloomberg, Jefferies</span></p></figcaption></figure><figure contenteditable=\"false\"><picture> <span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/3/18/48977565-17107420027055855.png\"/></span> </picture><figcaption><p><span>FT</span></p></figcaption></figure></p> <p>In what increasingly looks like a longer-term structural trend, an ETF with a dividend factor tilt like DFJ stands to benefit further.</p> <p>A further boost in sentiment to Japan’s smaller dividend paying companies may come this year from the country’s changes in NISA policies. This makes it relatively more attractive for individual investors in Japan to invest in stocks. Historically, the Japanese stand out globally for investing large allocations of their savings towards cash and bonds.</p> <p>Along with the bias of targeting dividend-paying companies, there are also good arguments for focusing on small caps in Japan.</p> <h2><strong>The case for Japanese small cap stocks</strong></h2> <p>Large Japanese stocks have outperformed over the last 5 years, in part based on the trends I just discussed above. To illustrate this, below I have compared the returns of DFJ to the iShares MSCI Japan ETF (EWJ).</p> <p><figure contenteditable=\"false\"><picture> <span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/3/18/48977565-17107420024970655.png\"/></span> </picture><figcaption><p><span>Five year total returns DFJ v EWJ, Seeking Alpha</span></p></figcaption></figure></p> <p>There are reasons however to expect this positive sentiment in the Japan stock market will spread more to small caps in the years ahead.</p> <p>Unlike some other countries, companies in Japan tend to respond well if they are indirectly “named and shamed”. This can become self-fulfilling, as the companies that are not lifting their corporate governance standards in relation to matters such as dividends will attract more attention.</p> <p>With such a backdrop, given the dispersion in recent returns between Japan’s large and small companies, the greater potential may lie in small caps.</p> <p>Valuations support this argument also. With Japan companies that trade under a book value of one increasingly under the spotlight, this area looks more promising for small caps.</p> <p><figure contenteditable=\"false\"><picture> <img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/3/18/48977565-17107420025235012.png\"/> </picture><figcaption><p><span>Bloomberg Finance L.P. Data as of January 2024.</span></p></figcaption></figure></p> <h2><strong>To Yen or not to Yen, how to invest in Japan stocks?</strong></h2> <p>Many investors who forecast currency movements end up getting it wrong, so I am reluctant to express strong opinions here.</p> <p>It is a common question though for investors outside of Japan, and become quite topical in recent times due to the ongoing weakness in the yen.</p> <p>I would keep it simple and stick to unhedged Japan ETFs. This is despite the fact they have lagged considerably in the last year. In 2023, a Japan hedged equity ETF beat the unhedged MSCI Japan Index by about 2 to 1.</p> <p>The possibility of the Fed cutting rates soon may finally lead to some long-awaited strength in the yen.</p> <h2><strong>DFJ market capitalization and portfolio characteristics</strong></h2> <p><figure contenteditable=\"false\"><picture> <span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/3/18/48977565-1710742002360887.png\"/></span> </picture><figcaption><p><span>Wisdom Tree DFJ website at March 17, 2024.</span></p></figcaption></figure></p> <h2><strong>DFJ sector allocations</strong></h2> <p><figure contenteditable=\"false\"><picture> <img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/3/18/48977565-17107420025274003.png\"/> </picture><figcaption><p><span>Wisdom Tree DFJ website at March 17, 2024.</span></p></figcaption></figure></p> <h2><strong>DFJ top holdings</strong></h2> <p><figure contenteditable=\"false\"><picture> <img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/3/18/48977565-17107420023304532.png\"/> </picture><figcaption><p><span>Wisdom Tree DFJ website at March 17, 2024.</span></p></figcaption></figure></p> <h2><strong>DFJ risks</strong></h2> <p>As I have emphasized above, Japan stocks have attracted a lot of interest in 2024 and performed fantastically well for the last 12 months. I would therefore be mindful of not overcommitting to an overweight position in Japan stocks right at this time. Some negative news out of left field in the short term leaves the market more vulnerable to a sharp decline from profit taking.</p> <p>Longer-term, the bigger risks lie if we see some broad-based global stock market weakness on the back of a slowing global economy. Recently, we learnt Japan narrowly avoided recession, so being an export oriented economy, there are still some risks here.</p> <h2><strong>Is Japan different this time?</strong></h2> <p>It might be worth pondering whether the structural fundamentals are improving such that Japan is less vulnerable to the global macro risks now.</p> <p>On the bright side, one may point to Japan committing substantial capex to semiconductors. JPMorgan is of the opinion that this, together with various other factors, may indeed make Japan different this time.</p> <p>Below highlights the announced subsidies for semiconductor projects in Japan.</p> <p><figure contenteditable=\"false\"><picture> <img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/3/18/48977565-17107420024816496.png\"/> </picture><figcaption><p><span>Bloomberg Finance L.P., Ministry of Economy, Trade and Industry. Data as of February 2024.</span></p></figcaption></figure></p> <h2><strong>Conclusion</strong></h2> <p>DFJ is an attractive way to gain exposure to Japan small caps that pay dividends. This area has longer-term tailwinds still to play out from continued improvements in corporate governance along with attractive valuations.</p> <p>With Japan's stock indexes up about 40% in the last year though, and heightened risks of the global economy slowing, I view DFJ as a hold for the time being.</p> <div></div> <p>Should we see a correction over the next few months, however, DFJ is an attractive way to buy any dips in Japanese stocks. There are good reasons to suggest small dividend paying companies, on an unhedged currency basis, will be the better performing area of Japan stock market ETFs in the years ahead.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>DFJ: Japan Is Different This Time, Consider Buying Small Caps On Dips</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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\">\nDFJ: Japan Is Different This Time, Consider Buying Small Caps On Dips\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-19 08:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4679009-dfj-japan-is-different-this-time-consider-buying-small-caps-on-dips><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The WisdomTree Japan SmallCap Dividend Fund ETF provides exposure to Japanese small-cap companies that pay regular dividends.DFJ has consistently distributed dividends around 2.5% over the last five ...</p>\n\n<a href=\"https://seekingalpha.com/article/4679009-dfj-japan-is-different-this-time-consider-buying-small-caps-on-dips\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1005853368/image_1005853368.jpg","relate_stocks":{"SCJ":"Ishares Msci Japan Small Cap Ind","BK4585":"ETF&股票定投概念","JOF":"Japan Smaller Capitalization Fun","BK4550":"红杉资本持仓","BK4588":"碎股","DFJ":"日本小型股股利指数ETF-WisdomTree","EWJ":"日本ETF-iShares MSCI","FDN":"First Trust Dow Jones Internet I"},"source_url":"https://seekingalpha.com/article/4679009-dfj-japan-is-different-this-time-consider-buying-small-caps-on-dips","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2420259362","content_text":"The WisdomTree Japan SmallCap Dividend Fund ETF provides exposure to Japanese small-cap companies that pay regular dividends.DFJ has consistently distributed dividends around 2.5% over the last five years, indicating sustainability and potential for improvement.DFJ has outperformed the MSCI Japan Small Cap Index and shows potential for further growth in the small-cap sector of the Japanese market.   Eoneren DFJ overview The WisdomTree Japan SmallCap Dividend Fund ETF (NYSEARCA:DFJ) is an efficient way for investors to get exposure to listed Japanese small-cap companies that pay regular dividends. They tend to be companies more linked to local economic growth in Japan compared to some of the larger export orientated listed companies. Those wishing to learn more about the index this ETF tracks, can visit the DFJ website here. Over the last five years, small caps have underperformed their larger counterparts. I shall explore further down why this represents an opportunity via DFJ. This ETF has a long history dating back to 2006. Over the last five years, the dividend distribution has consistently been around 2.5%. Whilst this is modest, it is quite sustainable as it is funded out of the underlying income of the stocks in the portfolio. With Japan’s highly publicized corporate governance reforms, this also points to optimism for the yield to offer room for improvement. As we can see from below, the fund size and expense ratios are reasonable given this style of ETF.   DFJ Factsheet December 31, 2023. DFJ fund past performance Below is the performance of DFJ according to the latest factsheet provided up until December 31, 2023.   DFJ Factsheet December 31, 2023. The Nikkei has got off to a huge start in 2024, with plenty of publicity about it hitting 40,000 points. As I write it has risen circa 19% YTD, and smaller Japanese companies have also risen, albeit to less of an extent. DFJ has also therefore built on its positive returns displayed above thus far in 2024. Over the long term, the performance table highlights an important fact. The WisdomTree Japan SmallCap Dividends Index that this ETF tracks, has built up some significant outperformance over the MSCI Japan Small Cap Index. DFJ peers’ analysis Another way to look at the benefit of using a dividend factor tilt with Japan’s small companies is to examine DFJ versus some peers. Let’s look at DFJ relative to the iShares MSCI Japan Small-Cap ETF (SCJ) and Japan Smaller Capitalization Fund (JOF). Note that the latter is a closed-end fund so the total returns analysis shall include some movement in the discount to NAV. For JOF over the last five years, though, the discount has widened by approximately a few percent. I would therefore not consider this a major factor in this returns analysis.   DFJ Peers comparison, Seeking Alpha.  Total Return 5 years to March 15, 2024, Seeking Alpha. DFJ distribution history As I mentioned in the DFJ overview in the beginning, the distributions here are not large. They are, however, consistent and sustainable, as demonstrated below.   DFJ Factsheet December 31, 2023. Long Japan stocks trade getting a little crowded on a short-term view I suggested in my title that DFJ is more an opportunity to buy on dips because thus far in 2024 Japan stocks have suddenly gained a lot of media attention. Whilst I am not a big advocate for market timing, my point is I would be reluctant to bet on Japan stocks in a major way at this point of widespread enthusiasm. The long-term fundamentals remain solid though as valuations are not stretched despite large gains in 2023 and YTD. The risks of disappointment in the shorter term are mounting, though, given the excellent gains witnessed in the last 12 months. Rather than due to valuations being a major obstacle, I see the risks of a correction more because of other factors. These include primarily the risk of the global economy weakening significantly. In this scenario, the risks of earnings forecasts getting revised down remain elevated. It could also finally see a strengthening yen, which may surprise global investors that have recently become so enthusiastic about Japan stocks. Signs of the long Japan stocks trade becoming a bit crowded have been evidenced this year. Some examples are illustrated below by the following couple of charts.   BofA Asia Fund Manager February Survey via Business News India: Latest Business News Today, Share Market, Economy   Variant perception February 2024 asset allocation discussion Also, taking a bigger picture view of global risk appetite, “risk-on” trades also seems crowded in the short term.   AAII International investors favoring Japan is still a relatively new story Taking a longer-term view, however, the popularity of the long Japan stocks trade looks to be only part of the way into a longer structural story. International investors have gradually been allocating to Japanese equities in the last few years. This, however, only partially reverses the opposite trend witnessed from 2016 to 2019.   Bloomberg via jpmorgan.com Valuations wise, the large gains in the Japan stock market in 2023 do not necessarily result in signs of overvaluation. Heading into this year, one could make a case there was plenty of room to run still. Price to book ratios remain low, especially considering companies in Japan are relatively cashed up.   Eastspring Investments I therefore view shorter term corrections in Japan’s stock market of circa 10% as an attractive buying opportunity. That being said, I see the more attractive opportunity in the small cap part of the market. Why is Japan’s stock market rising? The Tokyo Stock Exchange's \"naming and shaming\" type approach, along with increasing shareholder activism, is having a clear impact on companies increasing their dividends.   FactSet Research Systems, Bloomberg, Jefferies  FT In what increasingly looks like a longer-term structural trend, an ETF with a dividend factor tilt like DFJ stands to benefit further. A further boost in sentiment to Japan’s smaller dividend paying companies may come this year from the country’s changes in NISA policies. This makes it relatively more attractive for individual investors in Japan to invest in stocks. Historically, the Japanese stand out globally for investing large allocations of their savings towards cash and bonds. Along with the bias of targeting dividend-paying companies, there are also good arguments for focusing on small caps in Japan. The case for Japanese small cap stocks Large Japanese stocks have outperformed over the last 5 years, in part based on the trends I just discussed above. To illustrate this, below I have compared the returns of DFJ to the iShares MSCI Japan ETF (EWJ).   Five year total returns DFJ v EWJ, Seeking Alpha There are reasons however to expect this positive sentiment in the Japan stock market will spread more to small caps in the years ahead. Unlike some other countries, companies in Japan tend to respond well if they are indirectly “named and shamed”. This can become self-fulfilling, as the companies that are not lifting their corporate governance standards in relation to matters such as dividends will attract more attention. With such a backdrop, given the dispersion in recent returns between Japan’s large and small companies, the greater potential may lie in small caps. Valuations support this argument also. With Japan companies that trade under a book value of one increasingly under the spotlight, this area looks more promising for small caps.   Bloomberg Finance L.P. Data as of January 2024. To Yen or not to Yen, how to invest in Japan stocks? Many investors who forecast currency movements end up getting it wrong, so I am reluctant to express strong opinions here. It is a common question though for investors outside of Japan, and become quite topical in recent times due to the ongoing weakness in the yen. I would keep it simple and stick to unhedged Japan ETFs. This is despite the fact they have lagged considerably in the last year. In 2023, a Japan hedged equity ETF beat the unhedged MSCI Japan Index by about 2 to 1. The possibility of the Fed cutting rates soon may finally lead to some long-awaited strength in the yen. DFJ market capitalization and portfolio characteristics   Wisdom Tree DFJ website at March 17, 2024. DFJ sector allocations   Wisdom Tree DFJ website at March 17, 2024. DFJ top holdings   Wisdom Tree DFJ website at March 17, 2024. DFJ risks As I have emphasized above, Japan stocks have attracted a lot of interest in 2024 and performed fantastically well for the last 12 months. I would therefore be mindful of not overcommitting to an overweight position in Japan stocks right at this time. Some negative news out of left field in the short term leaves the market more vulnerable to a sharp decline from profit taking. Longer-term, the bigger risks lie if we see some broad-based global stock market weakness on the back of a slowing global economy. Recently, we learnt Japan narrowly avoided recession, so being an export oriented economy, there are still some risks here. Is Japan different this time? It might be worth pondering whether the structural fundamentals are improving such that Japan is less vulnerable to the global macro risks now. On the bright side, one may point to Japan committing substantial capex to semiconductors. JPMorgan is of the opinion that this, together with various other factors, may indeed make Japan different this time. Below highlights the announced subsidies for semiconductor projects in Japan.   Bloomberg Finance L.P., Ministry of Economy, Trade and Industry. Data as of February 2024. Conclusion DFJ is an attractive way to gain exposure to Japan small caps that pay dividends. This area has longer-term tailwinds still to play out from continued improvements in corporate governance along with attractive valuations. With Japan's stock indexes up about 40% in the last year though, and heightened risks of the global economy slowing, I view DFJ as a hold for the time being.  Should we see a correction over the next few months, however, DFJ is an attractive way to buy any dips in Japanese stocks. There are good reasons to suggest small dividend paying companies, on an unhedged currency basis, will be the better performing area of Japan stock market ETFs in the years ahead.","news_type":1},"isVote":1,"tweetType":1,"viewCount":206,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":188255242903816,"gmtCreate":1686986485579,"gmtModify":1686986489338,"author":{"id":"4121267905858872","authorId":"4121267905858872","name":"mizza464","avatar":"https://community-static.tradeup.com/news/fd324d9eb8aa2d6e0370fe1b2b9bf6d7","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4121267905858872","authorIdStr":"4121267905858872"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/188255242903816","repostId":"187979981848720","repostType":1,"repost":{"id":187979981848720,"gmtCreate":1686919073653,"gmtModify":1686920048997,"author":{"id":"4089501973615070","authorId":"4089501973615070","name":"Optionspuppy","avatar":"https://static.tigerbbs.com/caf34258aff8afe478620b82647f1199","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4089501973615070","authorIdStr":"4089501973615070"},"themes":[],"htmlText":"Title: Unveiling the Art of Selecting Strike Prices for Selling Cash Secured Put Options on&nbsp;<a href=\"https://ttm.financial/S/GOOGL\">$Alphabet(GOOGL)$&nbsp;</a><v-v data-views=\"1\"></v-v> Introduction: In the world of options trading, one strategy that can be employed is selling cash secured put options. This strategy involves selling a put option on a stock you would like to own, with the intention of generating income and potentially acquiring the stock at a lower price. The key to successful execution lies in selecting the appropriate strike price for your cash secured put options. In this article, we will delve into the art of choosing strike prices, focusing on the merits of selecting strike prices that are 10% to 15% below the current market prices and opting for options with a on","listText":"Title: Unveiling the Art of Selecting Strike Prices for Selling Cash Secured Put Options on&nbsp;<a href=\"https://ttm.financial/S/GOOGL\">$Alphabet(GOOGL)$&nbsp;</a><v-v data-views=\"1\"></v-v> Introduction: In the world of options trading, one strategy that can be employed is selling cash secured put options. This strategy involves selling a put option on a stock you would like to own, with the intention of generating income and potentially acquiring the stock at a lower price. The key to successful execution lies in selecting the appropriate strike price for your cash secured put options. In this article, we will delve into the art of choosing strike prices, focusing on the merits of selecting strike prices that are 10% to 15% below the current market prices and opting for options with a on","text":"Title: Unveiling the Art of Selecting Strike Prices for Selling Cash Secured Put Options on $Alphabet(GOOGL)$ Introduction: In the world of options trading, one strategy that can be employed is selling cash secured put options. This strategy involves selling a put option on a stock you would like to own, with the intention of generating income and potentially acquiring the stock at a lower price. The key to successful execution lies in selecting the appropriate strike price for your cash secured put options. In this article, we will delve into the art of choosing strike prices, focusing on the merits of selecting strike prices that are 10% to 15% below the current market prices and opting for options with a on","images":[{"img":"https://community-static.tradeup.com/news/84e6ea69f243606d65b95ab36b2a982f","width":"1242","height":"1490"},{"img":"https://community-static.tradeup.com/news/d26a4752f17cd5c9192e30b4b8cedca5","width":"200","height":"250"},{"img":"https://community-static.tradeup.com/news/378f4b2907a2fe108a81018d4e6e94a3","width":"414","height":"291"}],"top":1,"highlighted":2,"essential":2,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/187979981848720","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":3,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":259,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":188255352422624,"gmtCreate":1686986451051,"gmtModify":1686986454956,"author":{"id":"4121267905858872","authorId":"4121267905858872","name":"mizza464","avatar":"https://community-static.tradeup.com/news/fd324d9eb8aa2d6e0370fe1b2b9bf6d7","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4121267905858872","authorIdStr":"4121267905858872"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/188255352422624","repostId":"187702743883792","repostType":1,"repost":{"id":187702743883792,"gmtCreate":1686831344905,"gmtModify":1686831490828,"author":{"id":"9000000000000419","authorId":"9000000000000419","name":"WallStreet_Tiger","avatar":"https://community-static.tradeup.com/news/1fdbba25bcf5dea3f281241ba1320d10","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"9000000000000419","authorIdStr":"9000000000000419"},"themes":[],"title":"Comparison|AMD Aims To Take AI Chip Share,Threat To NVDIA?","htmlText":"<a href=\"https://ttm.financial/S/AMD\">$Advanced Micro Devices(AMD)$</a> shares rose Wednesday after the chipmaker unveiled its latest semiconductor and data center products optimized for artificial intelligence. AMD stock has gotten a lift lately from investor interest in AI stocks.With the announcements, <a href=\"https://ttm.financial/S/AMD\">$Advanced Micro Devices(AMD)$</a> is hoping to steal some fire from market leader <a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$</a> in the AI space.At a company event Tuesday, <a href=\"https://ttm.financial/S/AMD\">$Advanced Micro Devices(AMD)$</a> showed off its latest Epyc server processors and a new AI accelerator chip series. <a href=\"https://ttm.financial/S/AMD\">$Advanced Micro Devices(AMD)$</a> introduced fourth-generation Epyc centr","listText":"<a href=\"https://ttm.financial/S/AMD\">$Advanced Micro Devices(AMD)$</a> shares rose Wednesday after the chipmaker unveiled its latest semiconductor and data center products optimized for artificial intelligence. AMD stock has gotten a lift lately from investor interest in AI stocks.With the announcements, <a href=\"https://ttm.financial/S/AMD\">$Advanced Micro Devices(AMD)$</a> is hoping to steal some fire from market leader <a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$</a> in the AI space.At a company event Tuesday, <a href=\"https://ttm.financial/S/AMD\">$Advanced Micro Devices(AMD)$</a> showed off its latest Epyc server processors and a new AI accelerator chip series. <a href=\"https://ttm.financial/S/AMD\">$Advanced Micro Devices(AMD)$</a> introduced fourth-generation Epyc centr","text":"$Advanced Micro Devices(AMD)$ shares rose Wednesday after the chipmaker unveiled its latest semiconductor and data center products optimized for artificial intelligence. AMD stock has gotten a lift lately from investor interest in AI stocks.With the announcements, $Advanced Micro Devices(AMD)$ is hoping to steal some fire from market leader $NVIDIA Corp(NVDA)$ in the AI space.At a company event Tuesday, $Advanced Micro Devices(AMD)$ showed off its latest Epyc server processors and a new AI accelerator chip series. $Advanced Micro Devices(AMD)$ introduced fourth-generation Epyc centr","images":[{"img":"https://community-static.tradeup.com/news/88dde0174711aa278a48774ba2c78c24","width":"860","height":"645"},{"img":"https://community-static.tradeup.com/news/b0d797ab6f2bcc1759016ebd266f4466","width":"560","height":"240"},{"img":"https://community-static.tradeup.com/news/077a4e3bee874883816cdc65a45244c1","width":"1559","height":"284"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/187702743883792","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":7,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":282,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":188244497834160,"gmtCreate":1686983785475,"gmtModify":1686983789186,"author":{"id":"4121267905858872","authorId":"4121267905858872","name":"mizza464","avatar":"https://community-static.tradeup.com/news/fd324d9eb8aa2d6e0370fe1b2b9bf6d7","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4121267905858872","authorIdStr":"4121267905858872"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/188244497834160","repostId":"187940247437408","repostType":1,"repost":{"id":187940247437408,"gmtCreate":1686889206566,"gmtModify":1686889719623,"author":{"id":"3527667671414981","authorId":"3527667671414981","name":"TigerClub","avatar":"https://static.tigerbbs.com/c0f6fba0673df1de1c5c31bb2b4f6d4e","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3527667671414981","authorIdStr":"3527667671414981"},"themes":[],"title":"Ray: How I Get 91.18% Winning Rate & My Practical Sell Put Strategy of TSLA & LI","htmlText":"Dear TigersThis week, we've interviewed a mysterious user from Tiger Community who had a stoning high winning rate of 91.18% from 839 traded stocks.According to Ray‘s screenshot , he has traded 834 stocks on the Tiger Trade, and the transaction winning rate is 91.73%.One of its recent large holdings is <a href=\"https://ttm.financial/S/LI\">$Li Auto(LI)$</a> , whose position percentage is greater than 10%, a relatively large position for Ray personally.Screenshot from RayRay currently made a profit close to $500,000, and the P&amp;L ratio is 75.86%, as of June 14, 2023.Do you have an interest in how Ray made such a high winning rate?Can his trading strategies for such great performances be duplicated?Any special strategies can be learned by Tigers?In today's Tiger Club, we are honored to hav","listText":"Dear TigersThis week, we've interviewed a mysterious user from Tiger Community who had a stoning high winning rate of 91.18% from 839 traded stocks.According to Ray‘s screenshot , he has traded 834 stocks on the Tiger Trade, and the transaction winning rate is 91.73%.One of its recent large holdings is <a href=\"https://ttm.financial/S/LI\">$Li Auto(LI)$</a> , whose position percentage is greater than 10%, a relatively large position for Ray personally.Screenshot from RayRay currently made a profit close to $500,000, and the P&amp;L ratio is 75.86%, as of June 14, 2023.Do you have an interest in how Ray made such a high winning rate?Can his trading strategies for such great performances be duplicated?Any special strategies can be learned by Tigers?In today's Tiger Club, we are honored to hav","text":"Dear TigersThis week, we've interviewed a mysterious user from Tiger Community who had a stoning high winning rate of 91.18% from 839 traded stocks.According to Ray‘s screenshot , he has traded 834 stocks on the Tiger Trade, and the transaction winning rate is 91.73%.One of its recent large holdings is $Li Auto(LI)$ , whose position percentage is greater than 10%, a relatively large position for Ray personally.Screenshot from RayRay currently made a profit close to $500,000, and the P&L ratio is 75.86%, as of June 14, 2023.Do you have an interest in how Ray made such a high winning rate?Can his trading strategies for such great performances be duplicated?Any special strategies can be learned by Tigers?In today's Tiger Club, we are honored to hav","images":[{"img":"https://community-static.tradeup.com/news/631304a57094e4e1f8c08a8f53c4c4dc","width":"1284","height":"1140"},{"img":"https://community-static.tradeup.com/news/0a9e53c6aea4c7afa0cb8f042b0aed10","width":"1086","height":"1653"},{"img":"https://community-static.tradeup.com/news/628e662da04731277fce01dfb1265e98","width":"438","height":"369"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/187940247437408","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":5,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":443,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9970662976,"gmtCreate":1684397853695,"gmtModify":1684397856793,"author":{"id":"4121267905858872","authorId":"4121267905858872","name":"mizza464","avatar":"https://community-static.tradeup.com/news/fd324d9eb8aa2d6e0370fe1b2b9bf6d7","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4121267905858872","authorIdStr":"4121267905858872"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970662976","repostId":"9970896796","repostType":1,"repost":{"id":9970896796,"gmtCreate":1684240009615,"gmtModify":1684241126783,"author":{"id":"3527667626267411","authorId":"3527667626267411","name":"Value_investing","avatar":"https://community-static.tradeup.com/news/89ffffc59ff9ac9cb9cb74f596418d44","crmLevel":0,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3527667626267411","authorIdStr":"3527667626267411"},"themes":[],"title":"13F Digest| JD was reduced by Hillhouse and Greenwoods","htmlText":"Under SEC rules, fund managers with more than $100m in assets under management must publish a document called \"Form 13F\" to disclose their positions in stocks and bonds within 45 days of the end of each quarter.Recently, the major institutions have disclosed the position data, from the position changes of Hillhouse and Greenwoods, a Chinese stock has been mercilessly abandoned, or indicates the coming of a big change!First, let's take a look at Hillhouse's positions. Among the top 10 holdings by market capitalization, Hillhouse increased its holdings in Pinduoduo <a href=\"https://ttm.financial/S/PDD\">$Pinduoduo Inc.(PDD)$</a> , Beike <a href=\"https://ttm.financial/S/BEKE\">$KE Holdings Inc.(BEKE)$</a> <a href=\"https://ttm.financial/S/02423\">$KE Holdings Inc.(02423)$</a> , Alibaba","listText":"Under SEC rules, fund managers with more than $100m in assets under management must publish a document called \"Form 13F\" to disclose their positions in stocks and bonds within 45 days of the end of each quarter.Recently, the major institutions have disclosed the position data, from the position changes of Hillhouse and Greenwoods, a Chinese stock has been mercilessly abandoned, or indicates the coming of a big change!First, let's take a look at Hillhouse's positions. Among the top 10 holdings by market capitalization, Hillhouse increased its holdings in Pinduoduo <a href=\"https://ttm.financial/S/PDD\">$Pinduoduo Inc.(PDD)$</a> , Beike <a href=\"https://ttm.financial/S/BEKE\">$KE Holdings Inc.(BEKE)$</a> <a href=\"https://ttm.financial/S/02423\">$KE Holdings Inc.(02423)$</a> , Alibaba","text":"Under SEC rules, fund managers with more than $100m in assets under management must publish a document called \"Form 13F\" to disclose their positions in stocks and bonds within 45 days of the end of each quarter.Recently, the major institutions have disclosed the position data, from the position changes of Hillhouse and Greenwoods, a Chinese stock has been mercilessly abandoned, or indicates the coming of a big change!First, let's take a look at Hillhouse's positions. Among the top 10 holdings by market capitalization, Hillhouse increased its holdings in Pinduoduo $Pinduoduo Inc.(PDD)$ , Beike $KE Holdings Inc.(BEKE)$ $KE Holdings Inc.(02423)$ , Alibaba","images":[{"img":"https://community-static.tradeup.com/news/af9578ed01bf1f61f60d96fae2f96981","width":"1800","height":"563"},{"img":"https://community-static.tradeup.com/news/5055983c878ecf7ff6a0eb0b54ecc16a","width":"1803","height":"648"},{"img":"https://community-static.tradeup.com/news/6985fe5b69387fd5770742ee12e32166","width":"1797","height":"544"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970896796","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":9,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":343,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9970662041,"gmtCreate":1684397832283,"gmtModify":1684397835576,"author":{"id":"4121267905858872","authorId":"4121267905858872","name":"mizza464","avatar":"https://community-static.tradeup.com/news/fd324d9eb8aa2d6e0370fe1b2b9bf6d7","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4121267905858872","authorIdStr":"4121267905858872"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970662041","repostId":"9970892786","repostType":1,"repost":{"id":9970892786,"gmtCreate":1684240284247,"gmtModify":1684241225089,"author":{"id":"3570103090255456","authorId":"3570103090255456","name":"JC888","avatar":"https://community-static.tradeup.com/news/f3e3c0218599fca5c4e265ddbee1fb32","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3570103090255456","authorIdStr":"3570103090255456"},"themes":[],"title":"Buy $OXY & $COF Like Mr Warren Buffett ? Wait, Dun Rush!","htmlText":"Trading week 15 May to 19 May 2023 It is my personal belief that this week will be one of a “confused” state; up one day and down the next. It remains as such until the Debt Limit “crisis” is resolved. I have covered (in details) in my 02 May post - Will US Debit Limit Cause US Stock Market To Crash? (<a href=\"https://ttm.financial/post/9947875906\" target=\"_blank\">click here to read</a>, show some love, give a “LIKe” - tks). The 2 political parties have turned this into a power struggle between themselves. Best case scenario - the issue is resolved by this week. Both parties will be meeting today, 16 May after it was postponed last Fri, 12 May. It does not look optimistic though. Worst case scenario - Treasury Dept will have more work to do by juggling whom to pay and whose payment will be","listText":"Trading week 15 May to 19 May 2023 It is my personal belief that this week will be one of a “confused” state; up one day and down the next. It remains as such until the Debt Limit “crisis” is resolved. I have covered (in details) in my 02 May post - Will US Debit Limit Cause US Stock Market To Crash? (<a href=\"https://ttm.financial/post/9947875906\" target=\"_blank\">click here to read</a>, show some love, give a “LIKe” - tks). The 2 political parties have turned this into a power struggle between themselves. Best case scenario - the issue is resolved by this week. Both parties will be meeting today, 16 May after it was postponed last Fri, 12 May. It does not look optimistic though. Worst case scenario - Treasury Dept will have more work to do by juggling whom to pay and whose payment will be","text":"Trading week 15 May to 19 May 2023 It is my personal belief that this week will be one of a “confused” state; up one day and down the next. It remains as such until the Debt Limit “crisis” is resolved. I have covered (in details) in my 02 May post - Will US Debit Limit Cause US Stock Market To Crash? (click here to read, show some love, give a “LIKe” - tks). The 2 political parties have turned this into a power struggle between themselves. Best case scenario - the issue is resolved by this week. Both parties will be meeting today, 16 May after it was postponed last Fri, 12 May. It does not look optimistic though. Worst case scenario - Treasury Dept will have more work to do by juggling whom to pay and whose payment will be","images":[{"img":"https://community-static.tradeup.com/news/eb326a24f35a5fcc2f8d44f6fd797d7a","width":"1357","height":"225"},{"img":"https://community-static.tradeup.com/news/6820608ae99400a203a6a69701da41d8","width":"1006","height":"364"},{"img":"https://community-static.tradeup.com/news/7bdafae7e0badbbf1f93f88086a7b762","width":"1690","height":"53"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970892786","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":8,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":357,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9970666764,"gmtCreate":1684397775858,"gmtModify":1684397779474,"author":{"id":"4121267905858872","authorId":"4121267905858872","name":"mizza464","avatar":"https://community-static.tradeup.com/news/fd324d9eb8aa2d6e0370fe1b2b9bf6d7","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4121267905858872","authorIdStr":"4121267905858872"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970666764","repostId":"9970892873","repostType":1,"repost":{"id":9970892873,"gmtCreate":1684240220493,"gmtModify":1684240254097,"author":{"id":"3527667618821228","authorId":"3527667618821228","name":"MillionaireTiger","avatar":"https://static.tigerbbs.com/dc558bf32e48ad6ed6d057026ef55af7","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3527667618821228","authorIdStr":"3527667618821228"},"themes":[],"title":"Nvidia Rebounds From $108 to $289! Will You Add Ahead of Earnings?","htmlText":"<a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$</a> will release earnings soon. Nvidia's share price is currently trading at $289.53, rebounding from $108 in last October. However, it's still lower than the high point of $346 in 2021.From 300 to 100: Cyclical Stocks Suffer Consecutive Hits1) Revenue growth rate turned to negative in 2022In August 2022, NVIDIA's second-quarter revenue fell significantly below expectations, causing a sharp drop in its stock price.NVIDIA's total revenue was $6.7 billion, below the company's guidance of $8.1 billion, with a year-on-year growth rate of only 3%.&nbsp;Subsequently, NVIDIA's revenue growth turned negative. In the third quarter, NVIDIA's overall revenue was $5.93 billion, a 16.5% decline compared to the same period last year, marking the","listText":"<a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$</a> will release earnings soon. Nvidia's share price is currently trading at $289.53, rebounding from $108 in last October. However, it's still lower than the high point of $346 in 2021.From 300 to 100: Cyclical Stocks Suffer Consecutive Hits1) Revenue growth rate turned to negative in 2022In August 2022, NVIDIA's second-quarter revenue fell significantly below expectations, causing a sharp drop in its stock price.NVIDIA's total revenue was $6.7 billion, below the company's guidance of $8.1 billion, with a year-on-year growth rate of only 3%.&nbsp;Subsequently, NVIDIA's revenue growth turned negative. In the third quarter, NVIDIA's overall revenue was $5.93 billion, a 16.5% decline compared to the same period last year, marking the","text":"$NVIDIA Corp(NVDA)$ will release earnings soon. Nvidia's share price is currently trading at $289.53, rebounding from $108 in last October. However, it's still lower than the high point of $346 in 2021.From 300 to 100: Cyclical Stocks Suffer Consecutive Hits1) Revenue growth rate turned to negative in 2022In August 2022, NVIDIA's second-quarter revenue fell significantly below expectations, causing a sharp drop in its stock price.NVIDIA's total revenue was $6.7 billion, below the company's guidance of $8.1 billion, with a year-on-year growth rate of only 3%. Subsequently, NVIDIA's revenue growth turned negative. In the third quarter, NVIDIA's overall revenue was $5.93 billion, a 16.5% decline compared to the same period last year, marking the","images":[{"img":"https://community-static.tradeup.com/news/8d7d59d1a96576330345656a0b82e4df","width":"560","height":"240"},{"img":"https://community-static.tradeup.com/news/fe67b87ca2d77d1277e8d8be51dcc25e","width":"831","height":"415"},{"img":"https://community-static.tradeup.com/news/28b0f105d1448dacca8d2e1039a40206","width":"722","height":"475"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970892873","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":3,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":372,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9902223134,"gmtCreate":1659710197931,"gmtModify":1704709564737,"author":{"id":"4121267905858872","authorId":"4121267905858872","name":"mizza464","avatar":"https://community-static.tradeup.com/news/fd324d9eb8aa2d6e0370fe1b2b9bf6d7","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4121267905858872","authorIdStr":"4121267905858872"},"themes":[],"htmlText":"#Gardens By the Bay ❤️🎉🥳🎂","listText":"#Gardens By the Bay ❤️🎉🥳🎂","text":"#Gardens By the Bay ❤️🎉🥳🎂","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9902223134","isVote":1,"tweetType":1,"viewCount":463,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9908176876,"gmtCreate":1659348913695,"gmtModify":1705979362274,"author":{"id":"4121267905858872","authorId":"4121267905858872","name":"mizza464","avatar":"https://community-static.tradeup.com/news/fd324d9eb8aa2d6e0370fe1b2b9bf6d7","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4121267905858872","authorIdStr":"4121267905858872"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/01121\">$GOLDENSOLAR(01121)$</a>....","listText":"<a href=\"https://ttm.financial/S/01121\">$GOLDENSOLAR(01121)$</a>....","text":"$GOLDENSOLAR(01121)$....","images":[{"img":"https://community-static.tradeup.com/news/e31449e26b28576d6ef4ee5c7e0438d1","width":"1242","height":"2325"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9908176876","isVote":1,"tweetType":1,"viewCount":188,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9901038426,"gmtCreate":1659092856765,"gmtModify":1676536256637,"author":{"id":"4121267905858872","authorId":"4121267905858872","name":"mizza464","avatar":"https://community-static.tradeup.com/news/fd324d9eb8aa2d6e0370fe1b2b9bf6d7","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4121267905858872","authorIdStr":"4121267905858872"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/AAPL\">$Apple(AAPL)$</a>View on Apple(AAPL)BullishBearish","listText":"<a href=\"https://ttm.financial/S/AAPL\">$Apple(AAPL)$</a>View on Apple(AAPL)BullishBearish","text":"$Apple(AAPL)$View on Apple(AAPL)BullishBearish","images":[{"img":"https://community-static.tradeup.com/news/dc28c205837fa4156427a6b521795202","width":"1242","height":"2448"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9901038426","isVote":1,"tweetType":1,"viewCount":252,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9903568844,"gmtCreate":1659053602888,"gmtModify":1676536249996,"author":{"id":"4121267905858872","authorId":"4121267905858872","name":"mizza464","avatar":"https://community-static.tradeup.com/news/fd324d9eb8aa2d6e0370fe1b2b9bf6d7","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4121267905858872","authorIdStr":"4121267905858872"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/PGY\">$Pagaya Technologies Ltd.(PGY)$</a>could be profitable??","listText":"<a href=\"https://ttm.financial/S/PGY\">$Pagaya Technologies Ltd.(PGY)$</a>could be profitable??","text":"$Pagaya Technologies Ltd.(PGY)$could be profitable??","images":[{"img":"https://community-static.tradeup.com/news/0669ff40e7f9a0b620fa0add9fad8543","width":"1242","height":"2325"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9903568844","isVote":1,"tweetType":1,"viewCount":245,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9077704931,"gmtCreate":1658570920823,"gmtModify":1676536178207,"author":{"id":"4121267905858872","authorId":"4121267905858872","name":"mizza464","avatar":"https://community-static.tradeup.com/news/fd324d9eb8aa2d6e0370fe1b2b9bf6d7","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4121267905858872","authorIdStr":"4121267905858872"},"themes":[],"htmlText":"1st step done 😊","listText":"1st step done 😊","text":"1st step done 😊","images":[{"img":"https://community-static.tradeup.com/news/984fbc5f95debe1f7614cf63b2263e76","width":"1125","height":"1476"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9077704931","isVote":1,"tweetType":1,"viewCount":109,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"hots":[{"id":9908176876,"gmtCreate":1659348913695,"gmtModify":1705979362274,"author":{"id":"4121267905858872","authorId":"4121267905858872","name":"mizza464","avatar":"https://community-static.tradeup.com/news/fd324d9eb8aa2d6e0370fe1b2b9bf6d7","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4121267905858872","authorIdStr":"4121267905858872"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/01121\">$GOLDENSOLAR(01121)$</a>....","listText":"<a href=\"https://ttm.financial/S/01121\">$GOLDENSOLAR(01121)$</a>....","text":"$GOLDENSOLAR(01121)$....","images":[{"img":"https://community-static.tradeup.com/news/e31449e26b28576d6ef4ee5c7e0438d1","width":"1242","height":"2325"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9908176876","isVote":1,"tweetType":1,"viewCount":188,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9903568844,"gmtCreate":1659053602888,"gmtModify":1676536249996,"author":{"id":"4121267905858872","authorId":"4121267905858872","name":"mizza464","avatar":"https://community-static.tradeup.com/news/fd324d9eb8aa2d6e0370fe1b2b9bf6d7","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4121267905858872","authorIdStr":"4121267905858872"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/PGY\">$Pagaya Technologies Ltd.(PGY)$</a>could be profitable??","listText":"<a href=\"https://ttm.financial/S/PGY\">$Pagaya Technologies Ltd.(PGY)$</a>could be profitable??","text":"$Pagaya Technologies Ltd.(PGY)$could be profitable??","images":[{"img":"https://community-static.tradeup.com/news/0669ff40e7f9a0b620fa0add9fad8543","width":"1242","height":"2325"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9903568844","isVote":1,"tweetType":1,"viewCount":245,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9077704931,"gmtCreate":1658570920823,"gmtModify":1676536178207,"author":{"id":"4121267905858872","authorId":"4121267905858872","name":"mizza464","avatar":"https://community-static.tradeup.com/news/fd324d9eb8aa2d6e0370fe1b2b9bf6d7","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4121267905858872","authorIdStr":"4121267905858872"},"themes":[],"htmlText":"1st step done 😊","listText":"1st step done 😊","text":"1st step done 😊","images":[{"img":"https://community-static.tradeup.com/news/984fbc5f95debe1f7614cf63b2263e76","width":"1125","height":"1476"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9077704931","isVote":1,"tweetType":1,"viewCount":109,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":312150623428648,"gmtCreate":1717234414376,"gmtModify":1717234417583,"author":{"id":"4121267905858872","authorId":"4121267905858872","name":"mizza464","avatar":"https://community-static.tradeup.com/news/fd324d9eb8aa2d6e0370fe1b2b9bf6d7","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4121267905858872","authorIdStr":"4121267905858872"},"themes":[],"htmlText":"This could be an opportunity&nbsp;","listText":"This could be an opportunity&nbsp;","text":"This could be an opportunity","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/312150623428648","repostId":"311805513240760","repostType":1,"repost":{"id":311805513240760,"gmtCreate":1717150161890,"gmtModify":1717155078176,"author":{"id":"4105176974307820","authorId":"4105176974307820","name":"Tiger_James Ooi","avatar":"https://community-static.tradeup.com/news/7961414f4a4084256e762297d29aa077","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4105176974307820","authorIdStr":"4105176974307820"},"themes":[],"title":"Apple is the hidden AI play that may surprise investors at WWDC","htmlText":"Apple <a href=\"https://ttm.financial/S/AAPL\">$Apple(AAPL)$</a> stock is currently trading at $191.29, only 3.44% lower than its all-time high of $198.11. Apple stock has climbed 12.46% so far this month, on pace to have its best month since July 2022. The stock may continue its uptrend momentum heading into WWDC. Apple will host WWDC from June 10-14, and it is widely expected that Apple will launch practical AI functions and announce a partnership with OpenAI during the event. Approximately 1.46 billion people worldwide use iPhones. I reckon AI-enabled phones will drive a multiyear upgrade cycle, similar to the significant improvements seen with the introduction of smartphones. &nbsp; Why Should You Be Optimistic About Apple Stock Heading into WWDC? 1) Historical Performance During WWDC: P","listText":"Apple <a href=\"https://ttm.financial/S/AAPL\">$Apple(AAPL)$</a> stock is currently trading at $191.29, only 3.44% lower than its all-time high of $198.11. Apple stock has climbed 12.46% so far this month, on pace to have its best month since July 2022. The stock may continue its uptrend momentum heading into WWDC. Apple will host WWDC from June 10-14, and it is widely expected that Apple will launch practical AI functions and announce a partnership with OpenAI during the event. Approximately 1.46 billion people worldwide use iPhones. I reckon AI-enabled phones will drive a multiyear upgrade cycle, similar to the significant improvements seen with the introduction of smartphones. &nbsp; Why Should You Be Optimistic About Apple Stock Heading into WWDC? 1) Historical Performance During WWDC: P","text":"Apple $Apple(AAPL)$ stock is currently trading at $191.29, only 3.44% lower than its all-time high of $198.11. Apple stock has climbed 12.46% so far this month, on pace to have its best month since July 2022. The stock may continue its uptrend momentum heading into WWDC. Apple will host WWDC from June 10-14, and it is widely expected that Apple will launch practical AI functions and announce a partnership with OpenAI during the event. Approximately 1.46 billion people worldwide use iPhones. I reckon AI-enabled phones will drive a multiyear upgrade cycle, similar to the significant improvements seen with the introduction of smartphones. Why Should You Be Optimistic About Apple Stock Heading into WWDC? 1) Historical Performance During WWDC: P","images":[{"img":"https://community-static.tradeup.com/news/296015f140de49a50ba0dc603a31fec3","width":"422","height":"343"},{"img":"https://community-static.tradeup.com/news/6d3f8f8edd4d3d23a855b8d656400a7a","width":"956","height":"403"},{"img":"https://community-static.tradeup.com/news/3bae8f0780cab6490c7d3258046760b0","width":"2560","height":"1440"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/311805513240760","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":3,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":244,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":295883793314000,"gmtCreate":1713267210261,"gmtModify":1713267213433,"author":{"id":"4121267905858872","authorId":"4121267905858872","name":"mizza464","avatar":"https://community-static.tradeup.com/news/fd324d9eb8aa2d6e0370fe1b2b9bf6d7","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4121267905858872","authorIdStr":"4121267905858872"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/VIX\">$Cboe Volatility Index(VIX)$</a>&nbsp;","listText":"<a href=\"https://ttm.financial/S/VIX\">$Cboe Volatility Index(VIX)$</a>&nbsp;","text":"$Cboe Volatility Index(VIX)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/295883793314000","isVote":1,"tweetType":1,"viewCount":372,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":288161049174192,"gmtCreate":1711374408322,"gmtModify":1711374411785,"author":{"id":"4121267905858872","authorId":"4121267905858872","name":"mizza464","avatar":"https://community-static.tradeup.com/news/fd324d9eb8aa2d6e0370fe1b2b9bf6d7","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4121267905858872","authorIdStr":"4121267905858872"},"themes":[],"htmlText":"A good news","listText":"A good news","text":"A good news","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/288161049174192","repostId":"2420259362","repostType":2,"repost":{"id":"2420259362","kind":"highlight","pubTimestamp":1710808364,"share":"https://ttm.financial/m/news/2420259362?lang=&edition=fundamental","pubTime":"2024-03-19 08:32","market":"sg","language":"en","title":"DFJ: Japan Is Different This Time, Consider Buying Small Caps On Dips","url":"https://stock-news.laohu8.com/highlight/detail?id=2420259362","media":"seekingalpha","summary":"The WisdomTree Japan SmallCap Dividend Fund ETF provides exposure to Japanese small-cap companies that pay regular dividends.DFJ has consistently distributed dividends around 2.5% over the last five y","content":"<html><body><ul><li>The WisdomTree Japan SmallCap Dividend Fund ETF provides exposure to Japanese small-cap companies that pay regular dividends.</li><li>DFJ has consistently distributed dividends around 2.5% over the last five years, indicating sustainability and potential for improvement.</li><li>DFJ has outperformed the MSCI Japan Small Cap Index and shows potential for further growth in the small-cap sector of the Japanese market.</li></ul><p><figure><picture> <img height=\"4000px\" loading=\"lazy\" sizes=\"(max-width: 768px) calc(100vw - 36px), (max-width: 1024px) calc(100vw - 132px), (max-width: 1200px) calc(66.6vw - 72px), 600px\" src=\"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1005853368/image_1005853368.jpg?io=getty-c-w750\" srcset=\"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1005853368/image_1005853368.jpg?io=getty-c-w1536 1536w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1005853368/image_1005853368.jpg?io=getty-c-w1280 1280w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1005853368/image_1005853368.jpg?io=getty-c-w1080 1080w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1005853368/image_1005853368.jpg?io=getty-c-w750 750w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1005853368/image_1005853368.jpg?io=getty-c-w640 640w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1005853368/image_1005853368.jpg?io=getty-c-w480 480w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1005853368/image_1005853368.jpg?io=getty-c-w320 320w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1005853368/image_1005853368.jpg?io=getty-c-w240 240w\" width=\"6667px\"/> </picture><figcaption> <p>Eoneren</p></figcaption></figure></p> <h2><strong>DFJ overview</strong></h2> <p>The WisdomTree Japan SmallCap Dividend Fund ETF (<span>NYSEARCA:DFJ</span>) is an efficient way for investors to get exposure to listed Japanese small-cap companies that pay regular dividends. They tend to be companies more linked to local economic<span> growth in Japan compared to some of the larger export orientated listed companies. Those wishing to learn more about the index this ETF tracks, can visit the </span>DFJ website here<span>.</span></p> <p>Over the last five years, small caps have underperformed their larger counterparts. I shall explore further down why this represents an opportunity via DFJ.</p> <p>This ETF has a long history dating back to 2006. Over the last five years, the dividend distribution has consistently been around 2.5%. Whilst this is modest, it is quite sustainable as it is funded out of the underlying income of the stocks in the portfolio. With Japan’s highly publicized corporate<span> governance reforms, this also points to optimism for the yield to offer room for improvement.</span></p> <p>As we can see from below, the fund size and expense ratios are reasonable given this style of ETF.</p> <p><figure contenteditable=\"false\"><picture> <img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/3/18/48977565-17107420016122978.png\"/> </picture><figcaption><p><span>DFJ Factsheet December 31, 2023.</span></p></figcaption></figure></p> <h2><strong>DFJ fund past performance</strong></h2> <p>Below is the performance of DFJ according to the latest factsheet provided up until December 31, 2023.</p> <p><figure contenteditable=\"false\"><picture> <span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/3/18/48977565-17107420020418093.png\"/></span> </picture><figcaption><p><span>DFJ Factsheet December 31, 2023.</span></p></figcaption></figure></p> <p>The Nikkei has got off to a huge start in 2024, with plenty of publicity about it hitting 40,000 points. As I write it has risen circa 19% YTD, and smaller Japanese companies have also risen, albeit to less of an extent. DFJ has also therefore built on its positive returns displayed above thus far in 2024.</p> <p>Over the long term, the performance table highlights an important fact. The WisdomTree Japan SmallCap Dividends Index that this ETF tracks, has built up some significant outperformance over the MSCI Japan Small Cap Index.</p> <h2><strong>DFJ peers’ analysis</strong></h2> <p>Another way to look at the benefit of using a dividend factor tilt with Japan’s small companies is to examine DFJ versus some peers.</p> <p>Let’s look at DFJ relative to the <a href=\"https://laohu8.com/S/EEMA\">iShares</a> MSCI Japan Small-Cap ETF (SCJ) and Japan Smaller Capitalization Fund (JOF). Note that the latter is a closed-end fund so the total returns analysis shall include some movement in the discount to NAV. For JOF over the last five years, though, the discount has widened by approximately a few percent. I would therefore not consider this a major factor in this returns analysis.</p> <p><figure contenteditable=\"false\"><picture> <img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/3/18/48977565-1710742001691671.png\"/> </picture><figcaption><p><span>DFJ Peers comparison, Seeking Alpha.</span></p></figcaption></figure><figure contenteditable=\"false\"><picture> <span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/3/18/48977565-17107420018436816.png\"/></span> </picture><figcaption><p><span>Total Return 5 years to March 15, 2024, Seeking Alpha.</span></p></figcaption></figure></p> <h2><strong>DFJ distribution history</strong></h2> <p>As I mentioned in the DFJ overview in the beginning, the distributions here are not large. They are, however, consistent and sustainable, as demonstrated below.</p> <p><figure contenteditable=\"false\"><picture> <img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/3/18/48977565-17107420019223013.png\"/> </picture><figcaption><p><span>DFJ Factsheet December 31, 2023.</span></p></figcaption></figure></p> <h2><strong>Long Japan stocks trade getting a little crowded on a short-term view</strong></h2> <p>I suggested in my title that DFJ is more an opportunity to buy on dips because thus far in 2024 Japan stocks have suddenly gained a lot of media attention.</p> <p>Whilst I am not a big advocate for market timing, my point is I would be reluctant to bet on Japan stocks in a major way at this point of widespread enthusiasm. The long-term fundamentals remain solid though as valuations are not stretched despite large gains in 2023 and YTD.</p> <p>The risks of disappointment in the shorter term are mounting, though, given the excellent gains witnessed in the last 12 months.</p> <p>Rather than due to valuations being a major obstacle, I see the risks of a correction more because of other factors. These include primarily the risk of the global economy weakening significantly. In this scenario, the risks of earnings forecasts getting revised down remain elevated. It could also finally see a strengthening yen, which may surprise global investors that have recently become so enthusiastic about Japan stocks.</p> <p>Signs of the long Japan stocks trade becoming a bit crowded have been evidenced this year. Some examples are illustrated below by the following couple of charts.</p> <p><figure contenteditable=\"false\"><picture> <img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/3/18/48977565-17107420018882353.png\"/> </picture><figcaption><p><span>BofA Asia Fund Manager February Survey via Business News India: Latest Business News Today, Share Market, Economy</span></p></figcaption></figure></p> <p><figure contenteditable=\"false\"><picture> <img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/3/18/48977565-17107420026082246.png\"/> </picture><figcaption><p><span>Variant perception February 2024 asset allocation discussion</span></p></figcaption></figure></p> <p>Also, taking a bigger picture view of global risk appetite, “risk-on” trades also seems crowded in the short term.</p> <p><figure contenteditable=\"false\"><picture> <span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/3/18/48977565-17107420019355476.png\"/></span> </picture><figcaption><p><span>AAII</span></p></figcaption></figure></p> <h2><strong>International investors favoring Japan is still a relatively new story</strong></h2> <p>Taking a longer-term view, however, the popularity of the long Japan stocks trade looks to be only part of the way into a longer structural story. International investors have gradually been allocating to Japanese equities in the last few years. This, however, only partially reverses the opposite trend witnessed from 2016 to 2019.</p> <p><figure contenteditable=\"false\"><picture> <img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/3/18/48977565-17107420018089545.png\"/> </picture><figcaption><p><span>Bloomberg via jpmorgan.com</span></p></figcaption></figure></p> <p>Valuations wise, the large gains in the Japan stock market in 2023 do not necessarily result in signs of overvaluation. Heading into this year, one could make a case there was plenty of room to run still. Price to book ratios remain low, especially considering companies in Japan are relatively cashed up.</p> <p><figure contenteditable=\"false\"><picture> <span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/3/18/48977565-17107420025029936.png\"/></span> </picture><figcaption><p><span>Eastspring Investments</span></p></figcaption></figure></p> <p>I therefore view shorter term corrections in Japan’s stock market of circa 10% as an attractive buying opportunity. That being said, I see the more attractive opportunity in the small cap part of the market.</p> <h2><strong>Why is Japan’s stock market rising?</strong></h2> <p>The Tokyo Stock Exchange's \"naming and shaming\" type approach, along with increasing shareholder activism, is having a clear impact on companies increasing their dividends.</p> <p><figure contenteditable=\"false\"><picture> <span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/3/18/48977565-17107420025949578.png\"/></span> </picture><figcaption><p><span>FactSet Research Systems, Bloomberg, Jefferies</span></p></figcaption></figure><figure contenteditable=\"false\"><picture> <span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/3/18/48977565-17107420027055855.png\"/></span> </picture><figcaption><p><span>FT</span></p></figcaption></figure></p> <p>In what increasingly looks like a longer-term structural trend, an ETF with a dividend factor tilt like DFJ stands to benefit further.</p> <p>A further boost in sentiment to Japan’s smaller dividend paying companies may come this year from the country’s changes in NISA policies. This makes it relatively more attractive for individual investors in Japan to invest in stocks. Historically, the Japanese stand out globally for investing large allocations of their savings towards cash and bonds.</p> <p>Along with the bias of targeting dividend-paying companies, there are also good arguments for focusing on small caps in Japan.</p> <h2><strong>The case for Japanese small cap stocks</strong></h2> <p>Large Japanese stocks have outperformed over the last 5 years, in part based on the trends I just discussed above. To illustrate this, below I have compared the returns of DFJ to the iShares MSCI Japan ETF (EWJ).</p> <p><figure contenteditable=\"false\"><picture> <span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/3/18/48977565-17107420024970655.png\"/></span> </picture><figcaption><p><span>Five year total returns DFJ v EWJ, Seeking Alpha</span></p></figcaption></figure></p> <p>There are reasons however to expect this positive sentiment in the Japan stock market will spread more to small caps in the years ahead.</p> <p>Unlike some other countries, companies in Japan tend to respond well if they are indirectly “named and shamed”. This can become self-fulfilling, as the companies that are not lifting their corporate governance standards in relation to matters such as dividends will attract more attention.</p> <p>With such a backdrop, given the dispersion in recent returns between Japan’s large and small companies, the greater potential may lie in small caps.</p> <p>Valuations support this argument also. With Japan companies that trade under a book value of one increasingly under the spotlight, this area looks more promising for small caps.</p> <p><figure contenteditable=\"false\"><picture> <img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/3/18/48977565-17107420025235012.png\"/> </picture><figcaption><p><span>Bloomberg Finance L.P. Data as of January 2024.</span></p></figcaption></figure></p> <h2><strong>To Yen or not to Yen, how to invest in Japan stocks?</strong></h2> <p>Many investors who forecast currency movements end up getting it wrong, so I am reluctant to express strong opinions here.</p> <p>It is a common question though for investors outside of Japan, and become quite topical in recent times due to the ongoing weakness in the yen.</p> <p>I would keep it simple and stick to unhedged Japan ETFs. This is despite the fact they have lagged considerably in the last year. In 2023, a Japan hedged equity ETF beat the unhedged MSCI Japan Index by about 2 to 1.</p> <p>The possibility of the Fed cutting rates soon may finally lead to some long-awaited strength in the yen.</p> <h2><strong>DFJ market capitalization and portfolio characteristics</strong></h2> <p><figure contenteditable=\"false\"><picture> <span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/3/18/48977565-1710742002360887.png\"/></span> </picture><figcaption><p><span>Wisdom Tree DFJ website at March 17, 2024.</span></p></figcaption></figure></p> <h2><strong>DFJ sector allocations</strong></h2> <p><figure contenteditable=\"false\"><picture> <img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/3/18/48977565-17107420025274003.png\"/> </picture><figcaption><p><span>Wisdom Tree DFJ website at March 17, 2024.</span></p></figcaption></figure></p> <h2><strong>DFJ top holdings</strong></h2> <p><figure contenteditable=\"false\"><picture> <img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/3/18/48977565-17107420023304532.png\"/> </picture><figcaption><p><span>Wisdom Tree DFJ website at March 17, 2024.</span></p></figcaption></figure></p> <h2><strong>DFJ risks</strong></h2> <p>As I have emphasized above, Japan stocks have attracted a lot of interest in 2024 and performed fantastically well for the last 12 months. I would therefore be mindful of not overcommitting to an overweight position in Japan stocks right at this time. Some negative news out of left field in the short term leaves the market more vulnerable to a sharp decline from profit taking.</p> <p>Longer-term, the bigger risks lie if we see some broad-based global stock market weakness on the back of a slowing global economy. Recently, we learnt Japan narrowly avoided recession, so being an export oriented economy, there are still some risks here.</p> <h2><strong>Is Japan different this time?</strong></h2> <p>It might be worth pondering whether the structural fundamentals are improving such that Japan is less vulnerable to the global macro risks now.</p> <p>On the bright side, one may point to Japan committing substantial capex to semiconductors. JPMorgan is of the opinion that this, together with various other factors, may indeed make Japan different this time.</p> <p>Below highlights the announced subsidies for semiconductor projects in Japan.</p> <p><figure contenteditable=\"false\"><picture> <img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/3/18/48977565-17107420024816496.png\"/> </picture><figcaption><p><span>Bloomberg Finance L.P., Ministry of Economy, Trade and Industry. Data as of February 2024.</span></p></figcaption></figure></p> <h2><strong>Conclusion</strong></h2> <p>DFJ is an attractive way to gain exposure to Japan small caps that pay dividends. This area has longer-term tailwinds still to play out from continued improvements in corporate governance along with attractive valuations.</p> <p>With Japan's stock indexes up about 40% in the last year though, and heightened risks of the global economy slowing, I view DFJ as a hold for the time being.</p> <div></div> <p>Should we see a correction over the next few months, however, DFJ is an attractive way to buy any dips in Japanese stocks. There are good reasons to suggest small dividend paying companies, on an unhedged currency basis, will be the better performing area of Japan stock market ETFs in the years ahead.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>DFJ: Japan Is Different This Time, Consider Buying Small Caps On Dips</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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\">\nDFJ: Japan Is Different This Time, Consider Buying Small Caps On Dips\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-19 08:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4679009-dfj-japan-is-different-this-time-consider-buying-small-caps-on-dips><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The WisdomTree Japan SmallCap Dividend Fund ETF provides exposure to Japanese small-cap companies that pay regular dividends.DFJ has consistently distributed dividends around 2.5% over the last five ...</p>\n\n<a href=\"https://seekingalpha.com/article/4679009-dfj-japan-is-different-this-time-consider-buying-small-caps-on-dips\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1005853368/image_1005853368.jpg","relate_stocks":{"SCJ":"Ishares Msci Japan Small Cap Ind","BK4585":"ETF&股票定投概念","JOF":"Japan Smaller Capitalization Fun","BK4550":"红杉资本持仓","BK4588":"碎股","DFJ":"日本小型股股利指数ETF-WisdomTree","EWJ":"日本ETF-iShares MSCI","FDN":"First Trust Dow Jones Internet I"},"source_url":"https://seekingalpha.com/article/4679009-dfj-japan-is-different-this-time-consider-buying-small-caps-on-dips","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2420259362","content_text":"The WisdomTree Japan SmallCap Dividend Fund ETF provides exposure to Japanese small-cap companies that pay regular dividends.DFJ has consistently distributed dividends around 2.5% over the last five years, indicating sustainability and potential for improvement.DFJ has outperformed the MSCI Japan Small Cap Index and shows potential for further growth in the small-cap sector of the Japanese market.   Eoneren DFJ overview The WisdomTree Japan SmallCap Dividend Fund ETF (NYSEARCA:DFJ) is an efficient way for investors to get exposure to listed Japanese small-cap companies that pay regular dividends. They tend to be companies more linked to local economic growth in Japan compared to some of the larger export orientated listed companies. Those wishing to learn more about the index this ETF tracks, can visit the DFJ website here. Over the last five years, small caps have underperformed their larger counterparts. I shall explore further down why this represents an opportunity via DFJ. This ETF has a long history dating back to 2006. Over the last five years, the dividend distribution has consistently been around 2.5%. Whilst this is modest, it is quite sustainable as it is funded out of the underlying income of the stocks in the portfolio. With Japan’s highly publicized corporate governance reforms, this also points to optimism for the yield to offer room for improvement. As we can see from below, the fund size and expense ratios are reasonable given this style of ETF.   DFJ Factsheet December 31, 2023. DFJ fund past performance Below is the performance of DFJ according to the latest factsheet provided up until December 31, 2023.   DFJ Factsheet December 31, 2023. The Nikkei has got off to a huge start in 2024, with plenty of publicity about it hitting 40,000 points. As I write it has risen circa 19% YTD, and smaller Japanese companies have also risen, albeit to less of an extent. DFJ has also therefore built on its positive returns displayed above thus far in 2024. Over the long term, the performance table highlights an important fact. The WisdomTree Japan SmallCap Dividends Index that this ETF tracks, has built up some significant outperformance over the MSCI Japan Small Cap Index. DFJ peers’ analysis Another way to look at the benefit of using a dividend factor tilt with Japan’s small companies is to examine DFJ versus some peers. Let’s look at DFJ relative to the iShares MSCI Japan Small-Cap ETF (SCJ) and Japan Smaller Capitalization Fund (JOF). Note that the latter is a closed-end fund so the total returns analysis shall include some movement in the discount to NAV. For JOF over the last five years, though, the discount has widened by approximately a few percent. I would therefore not consider this a major factor in this returns analysis.   DFJ Peers comparison, Seeking Alpha.  Total Return 5 years to March 15, 2024, Seeking Alpha. DFJ distribution history As I mentioned in the DFJ overview in the beginning, the distributions here are not large. They are, however, consistent and sustainable, as demonstrated below.   DFJ Factsheet December 31, 2023. Long Japan stocks trade getting a little crowded on a short-term view I suggested in my title that DFJ is more an opportunity to buy on dips because thus far in 2024 Japan stocks have suddenly gained a lot of media attention. Whilst I am not a big advocate for market timing, my point is I would be reluctant to bet on Japan stocks in a major way at this point of widespread enthusiasm. The long-term fundamentals remain solid though as valuations are not stretched despite large gains in 2023 and YTD. The risks of disappointment in the shorter term are mounting, though, given the excellent gains witnessed in the last 12 months. Rather than due to valuations being a major obstacle, I see the risks of a correction more because of other factors. These include primarily the risk of the global economy weakening significantly. In this scenario, the risks of earnings forecasts getting revised down remain elevated. It could also finally see a strengthening yen, which may surprise global investors that have recently become so enthusiastic about Japan stocks. Signs of the long Japan stocks trade becoming a bit crowded have been evidenced this year. Some examples are illustrated below by the following couple of charts.   BofA Asia Fund Manager February Survey via Business News India: Latest Business News Today, Share Market, Economy   Variant perception February 2024 asset allocation discussion Also, taking a bigger picture view of global risk appetite, “risk-on” trades also seems crowded in the short term.   AAII International investors favoring Japan is still a relatively new story Taking a longer-term view, however, the popularity of the long Japan stocks trade looks to be only part of the way into a longer structural story. International investors have gradually been allocating to Japanese equities in the last few years. This, however, only partially reverses the opposite trend witnessed from 2016 to 2019.   Bloomberg via jpmorgan.com Valuations wise, the large gains in the Japan stock market in 2023 do not necessarily result in signs of overvaluation. Heading into this year, one could make a case there was plenty of room to run still. Price to book ratios remain low, especially considering companies in Japan are relatively cashed up.   Eastspring Investments I therefore view shorter term corrections in Japan’s stock market of circa 10% as an attractive buying opportunity. That being said, I see the more attractive opportunity in the small cap part of the market. Why is Japan’s stock market rising? The Tokyo Stock Exchange's \"naming and shaming\" type approach, along with increasing shareholder activism, is having a clear impact on companies increasing their dividends.   FactSet Research Systems, Bloomberg, Jefferies  FT In what increasingly looks like a longer-term structural trend, an ETF with a dividend factor tilt like DFJ stands to benefit further. A further boost in sentiment to Japan’s smaller dividend paying companies may come this year from the country’s changes in NISA policies. This makes it relatively more attractive for individual investors in Japan to invest in stocks. Historically, the Japanese stand out globally for investing large allocations of their savings towards cash and bonds. Along with the bias of targeting dividend-paying companies, there are also good arguments for focusing on small caps in Japan. The case for Japanese small cap stocks Large Japanese stocks have outperformed over the last 5 years, in part based on the trends I just discussed above. To illustrate this, below I have compared the returns of DFJ to the iShares MSCI Japan ETF (EWJ).   Five year total returns DFJ v EWJ, Seeking Alpha There are reasons however to expect this positive sentiment in the Japan stock market will spread more to small caps in the years ahead. Unlike some other countries, companies in Japan tend to respond well if they are indirectly “named and shamed”. This can become self-fulfilling, as the companies that are not lifting their corporate governance standards in relation to matters such as dividends will attract more attention. With such a backdrop, given the dispersion in recent returns between Japan’s large and small companies, the greater potential may lie in small caps. Valuations support this argument also. With Japan companies that trade under a book value of one increasingly under the spotlight, this area looks more promising for small caps.   Bloomberg Finance L.P. Data as of January 2024. To Yen or not to Yen, how to invest in Japan stocks? Many investors who forecast currency movements end up getting it wrong, so I am reluctant to express strong opinions here. It is a common question though for investors outside of Japan, and become quite topical in recent times due to the ongoing weakness in the yen. I would keep it simple and stick to unhedged Japan ETFs. This is despite the fact they have lagged considerably in the last year. In 2023, a Japan hedged equity ETF beat the unhedged MSCI Japan Index by about 2 to 1. The possibility of the Fed cutting rates soon may finally lead to some long-awaited strength in the yen. DFJ market capitalization and portfolio characteristics   Wisdom Tree DFJ website at March 17, 2024. DFJ sector allocations   Wisdom Tree DFJ website at March 17, 2024. DFJ top holdings   Wisdom Tree DFJ website at March 17, 2024. DFJ risks As I have emphasized above, Japan stocks have attracted a lot of interest in 2024 and performed fantastically well for the last 12 months. I would therefore be mindful of not overcommitting to an overweight position in Japan stocks right at this time. Some negative news out of left field in the short term leaves the market more vulnerable to a sharp decline from profit taking. Longer-term, the bigger risks lie if we see some broad-based global stock market weakness on the back of a slowing global economy. Recently, we learnt Japan narrowly avoided recession, so being an export oriented economy, there are still some risks here. Is Japan different this time? It might be worth pondering whether the structural fundamentals are improving such that Japan is less vulnerable to the global macro risks now. On the bright side, one may point to Japan committing substantial capex to semiconductors. JPMorgan is of the opinion that this, together with various other factors, may indeed make Japan different this time. Below highlights the announced subsidies for semiconductor projects in Japan.   Bloomberg Finance L.P., Ministry of Economy, Trade and Industry. Data as of February 2024. Conclusion DFJ is an attractive way to gain exposure to Japan small caps that pay dividends. This area has longer-term tailwinds still to play out from continued improvements in corporate governance along with attractive valuations. With Japan's stock indexes up about 40% in the last year though, and heightened risks of the global economy slowing, I view DFJ as a hold for the time being.  Should we see a correction over the next few months, however, DFJ is an attractive way to buy any dips in Japanese stocks. There are good reasons to suggest small dividend paying companies, on an unhedged currency basis, will be the better performing area of Japan stock market ETFs in the years ahead.","news_type":1},"isVote":1,"tweetType":1,"viewCount":206,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":188255242903816,"gmtCreate":1686986485579,"gmtModify":1686986489338,"author":{"id":"4121267905858872","authorId":"4121267905858872","name":"mizza464","avatar":"https://community-static.tradeup.com/news/fd324d9eb8aa2d6e0370fe1b2b9bf6d7","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4121267905858872","authorIdStr":"4121267905858872"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/188255242903816","repostId":"187979981848720","repostType":1,"repost":{"id":187979981848720,"gmtCreate":1686919073653,"gmtModify":1686920048997,"author":{"id":"4089501973615070","authorId":"4089501973615070","name":"Optionspuppy","avatar":"https://static.tigerbbs.com/caf34258aff8afe478620b82647f1199","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4089501973615070","authorIdStr":"4089501973615070"},"themes":[],"htmlText":"Title: Unveiling the Art of Selecting Strike Prices for Selling Cash Secured Put Options on&nbsp;<a href=\"https://ttm.financial/S/GOOGL\">$Alphabet(GOOGL)$&nbsp;</a><v-v data-views=\"1\"></v-v> Introduction: In the world of options trading, one strategy that can be employed is selling cash secured put options. This strategy involves selling a put option on a stock you would like to own, with the intention of generating income and potentially acquiring the stock at a lower price. The key to successful execution lies in selecting the appropriate strike price for your cash secured put options. In this article, we will delve into the art of choosing strike prices, focusing on the merits of selecting strike prices that are 10% to 15% below the current market prices and opting for options with a on","listText":"Title: Unveiling the Art of Selecting Strike Prices for Selling Cash Secured Put Options on&nbsp;<a href=\"https://ttm.financial/S/GOOGL\">$Alphabet(GOOGL)$&nbsp;</a><v-v data-views=\"1\"></v-v> Introduction: In the world of options trading, one strategy that can be employed is selling cash secured put options. This strategy involves selling a put option on a stock you would like to own, with the intention of generating income and potentially acquiring the stock at a lower price. The key to successful execution lies in selecting the appropriate strike price for your cash secured put options. In this article, we will delve into the art of choosing strike prices, focusing on the merits of selecting strike prices that are 10% to 15% below the current market prices and opting for options with a on","text":"Title: Unveiling the Art of Selecting Strike Prices for Selling Cash Secured Put Options on $Alphabet(GOOGL)$ Introduction: In the world of options trading, one strategy that can be employed is selling cash secured put options. This strategy involves selling a put option on a stock you would like to own, with the intention of generating income and potentially acquiring the stock at a lower price. The key to successful execution lies in selecting the appropriate strike price for your cash secured put options. In this article, we will delve into the art of choosing strike prices, focusing on the merits of selecting strike prices that are 10% to 15% below the current market prices and opting for options with a on","images":[{"img":"https://community-static.tradeup.com/news/84e6ea69f243606d65b95ab36b2a982f","width":"1242","height":"1490"},{"img":"https://community-static.tradeup.com/news/d26a4752f17cd5c9192e30b4b8cedca5","width":"200","height":"250"},{"img":"https://community-static.tradeup.com/news/378f4b2907a2fe108a81018d4e6e94a3","width":"414","height":"291"}],"top":1,"highlighted":2,"essential":2,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/187979981848720","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":3,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":259,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":188255352422624,"gmtCreate":1686986451051,"gmtModify":1686986454956,"author":{"id":"4121267905858872","authorId":"4121267905858872","name":"mizza464","avatar":"https://community-static.tradeup.com/news/fd324d9eb8aa2d6e0370fe1b2b9bf6d7","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4121267905858872","authorIdStr":"4121267905858872"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/188255352422624","repostId":"187702743883792","repostType":1,"repost":{"id":187702743883792,"gmtCreate":1686831344905,"gmtModify":1686831490828,"author":{"id":"9000000000000419","authorId":"9000000000000419","name":"WallStreet_Tiger","avatar":"https://community-static.tradeup.com/news/1fdbba25bcf5dea3f281241ba1320d10","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"9000000000000419","authorIdStr":"9000000000000419"},"themes":[],"title":"Comparison|AMD Aims To Take AI Chip Share,Threat To NVDIA?","htmlText":"<a href=\"https://ttm.financial/S/AMD\">$Advanced Micro Devices(AMD)$</a> shares rose Wednesday after the chipmaker unveiled its latest semiconductor and data center products optimized for artificial intelligence. AMD stock has gotten a lift lately from investor interest in AI stocks.With the announcements, <a href=\"https://ttm.financial/S/AMD\">$Advanced Micro Devices(AMD)$</a> is hoping to steal some fire from market leader <a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$</a> in the AI space.At a company event Tuesday, <a href=\"https://ttm.financial/S/AMD\">$Advanced Micro Devices(AMD)$</a> showed off its latest Epyc server processors and a new AI accelerator chip series. <a href=\"https://ttm.financial/S/AMD\">$Advanced Micro Devices(AMD)$</a> introduced fourth-generation Epyc centr","listText":"<a href=\"https://ttm.financial/S/AMD\">$Advanced Micro Devices(AMD)$</a> shares rose Wednesday after the chipmaker unveiled its latest semiconductor and data center products optimized for artificial intelligence. AMD stock has gotten a lift lately from investor interest in AI stocks.With the announcements, <a href=\"https://ttm.financial/S/AMD\">$Advanced Micro Devices(AMD)$</a> is hoping to steal some fire from market leader <a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$</a> in the AI space.At a company event Tuesday, <a href=\"https://ttm.financial/S/AMD\">$Advanced Micro Devices(AMD)$</a> showed off its latest Epyc server processors and a new AI accelerator chip series. <a href=\"https://ttm.financial/S/AMD\">$Advanced Micro Devices(AMD)$</a> introduced fourth-generation Epyc centr","text":"$Advanced Micro Devices(AMD)$ shares rose Wednesday after the chipmaker unveiled its latest semiconductor and data center products optimized for artificial intelligence. AMD stock has gotten a lift lately from investor interest in AI stocks.With the announcements, $Advanced Micro Devices(AMD)$ is hoping to steal some fire from market leader $NVIDIA Corp(NVDA)$ in the AI space.At a company event Tuesday, $Advanced Micro Devices(AMD)$ showed off its latest Epyc server processors and a new AI accelerator chip series. $Advanced Micro Devices(AMD)$ introduced fourth-generation Epyc centr","images":[{"img":"https://community-static.tradeup.com/news/88dde0174711aa278a48774ba2c78c24","width":"860","height":"645"},{"img":"https://community-static.tradeup.com/news/b0d797ab6f2bcc1759016ebd266f4466","width":"560","height":"240"},{"img":"https://community-static.tradeup.com/news/077a4e3bee874883816cdc65a45244c1","width":"1559","height":"284"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/187702743883792","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":7,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":282,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":188244497834160,"gmtCreate":1686983785475,"gmtModify":1686983789186,"author":{"id":"4121267905858872","authorId":"4121267905858872","name":"mizza464","avatar":"https://community-static.tradeup.com/news/fd324d9eb8aa2d6e0370fe1b2b9bf6d7","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4121267905858872","authorIdStr":"4121267905858872"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/188244497834160","repostId":"187940247437408","repostType":1,"repost":{"id":187940247437408,"gmtCreate":1686889206566,"gmtModify":1686889719623,"author":{"id":"3527667671414981","authorId":"3527667671414981","name":"TigerClub","avatar":"https://static.tigerbbs.com/c0f6fba0673df1de1c5c31bb2b4f6d4e","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3527667671414981","authorIdStr":"3527667671414981"},"themes":[],"title":"Ray: How I Get 91.18% Winning Rate & My Practical Sell Put Strategy of TSLA & LI","htmlText":"Dear TigersThis week, we've interviewed a mysterious user from Tiger Community who had a stoning high winning rate of 91.18% from 839 traded stocks.According to Ray‘s screenshot , he has traded 834 stocks on the Tiger Trade, and the transaction winning rate is 91.73%.One of its recent large holdings is <a href=\"https://ttm.financial/S/LI\">$Li Auto(LI)$</a> , whose position percentage is greater than 10%, a relatively large position for Ray personally.Screenshot from RayRay currently made a profit close to $500,000, and the P&amp;L ratio is 75.86%, as of June 14, 2023.Do you have an interest in how Ray made such a high winning rate?Can his trading strategies for such great performances be duplicated?Any special strategies can be learned by Tigers?In today's Tiger Club, we are honored to hav","listText":"Dear TigersThis week, we've interviewed a mysterious user from Tiger Community who had a stoning high winning rate of 91.18% from 839 traded stocks.According to Ray‘s screenshot , he has traded 834 stocks on the Tiger Trade, and the transaction winning rate is 91.73%.One of its recent large holdings is <a href=\"https://ttm.financial/S/LI\">$Li Auto(LI)$</a> , whose position percentage is greater than 10%, a relatively large position for Ray personally.Screenshot from RayRay currently made a profit close to $500,000, and the P&amp;L ratio is 75.86%, as of June 14, 2023.Do you have an interest in how Ray made such a high winning rate?Can his trading strategies for such great performances be duplicated?Any special strategies can be learned by Tigers?In today's Tiger Club, we are honored to hav","text":"Dear TigersThis week, we've interviewed a mysterious user from Tiger Community who had a stoning high winning rate of 91.18% from 839 traded stocks.According to Ray‘s screenshot , he has traded 834 stocks on the Tiger Trade, and the transaction winning rate is 91.73%.One of its recent large holdings is $Li Auto(LI)$ , whose position percentage is greater than 10%, a relatively large position for Ray personally.Screenshot from RayRay currently made a profit close to $500,000, and the P&L ratio is 75.86%, as of June 14, 2023.Do you have an interest in how Ray made such a high winning rate?Can his trading strategies for such great performances be duplicated?Any special strategies can be learned by Tigers?In today's Tiger Club, we are honored to hav","images":[{"img":"https://community-static.tradeup.com/news/631304a57094e4e1f8c08a8f53c4c4dc","width":"1284","height":"1140"},{"img":"https://community-static.tradeup.com/news/0a9e53c6aea4c7afa0cb8f042b0aed10","width":"1086","height":"1653"},{"img":"https://community-static.tradeup.com/news/628e662da04731277fce01dfb1265e98","width":"438","height":"369"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/187940247437408","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":5,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":443,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9970662976,"gmtCreate":1684397853695,"gmtModify":1684397856793,"author":{"id":"4121267905858872","authorId":"4121267905858872","name":"mizza464","avatar":"https://community-static.tradeup.com/news/fd324d9eb8aa2d6e0370fe1b2b9bf6d7","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4121267905858872","authorIdStr":"4121267905858872"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970662976","repostId":"9970896796","repostType":1,"repost":{"id":9970896796,"gmtCreate":1684240009615,"gmtModify":1684241126783,"author":{"id":"3527667626267411","authorId":"3527667626267411","name":"Value_investing","avatar":"https://community-static.tradeup.com/news/89ffffc59ff9ac9cb9cb74f596418d44","crmLevel":0,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3527667626267411","authorIdStr":"3527667626267411"},"themes":[],"title":"13F Digest| JD was reduced by Hillhouse and Greenwoods","htmlText":"Under SEC rules, fund managers with more than $100m in assets under management must publish a document called \"Form 13F\" to disclose their positions in stocks and bonds within 45 days of the end of each quarter.Recently, the major institutions have disclosed the position data, from the position changes of Hillhouse and Greenwoods, a Chinese stock has been mercilessly abandoned, or indicates the coming of a big change!First, let's take a look at Hillhouse's positions. Among the top 10 holdings by market capitalization, Hillhouse increased its holdings in Pinduoduo <a href=\"https://ttm.financial/S/PDD\">$Pinduoduo Inc.(PDD)$</a> , Beike <a href=\"https://ttm.financial/S/BEKE\">$KE Holdings Inc.(BEKE)$</a> <a href=\"https://ttm.financial/S/02423\">$KE Holdings Inc.(02423)$</a> , Alibaba","listText":"Under SEC rules, fund managers with more than $100m in assets under management must publish a document called \"Form 13F\" to disclose their positions in stocks and bonds within 45 days of the end of each quarter.Recently, the major institutions have disclosed the position data, from the position changes of Hillhouse and Greenwoods, a Chinese stock has been mercilessly abandoned, or indicates the coming of a big change!First, let's take a look at Hillhouse's positions. Among the top 10 holdings by market capitalization, Hillhouse increased its holdings in Pinduoduo <a href=\"https://ttm.financial/S/PDD\">$Pinduoduo Inc.(PDD)$</a> , Beike <a href=\"https://ttm.financial/S/BEKE\">$KE Holdings Inc.(BEKE)$</a> <a href=\"https://ttm.financial/S/02423\">$KE Holdings Inc.(02423)$</a> , Alibaba","text":"Under SEC rules, fund managers with more than $100m in assets under management must publish a document called \"Form 13F\" to disclose their positions in stocks and bonds within 45 days of the end of each quarter.Recently, the major institutions have disclosed the position data, from the position changes of Hillhouse and Greenwoods, a Chinese stock has been mercilessly abandoned, or indicates the coming of a big change!First, let's take a look at Hillhouse's positions. Among the top 10 holdings by market capitalization, Hillhouse increased its holdings in Pinduoduo $Pinduoduo Inc.(PDD)$ , Beike $KE Holdings Inc.(BEKE)$ $KE Holdings Inc.(02423)$ , Alibaba","images":[{"img":"https://community-static.tradeup.com/news/af9578ed01bf1f61f60d96fae2f96981","width":"1800","height":"563"},{"img":"https://community-static.tradeup.com/news/5055983c878ecf7ff6a0eb0b54ecc16a","width":"1803","height":"648"},{"img":"https://community-static.tradeup.com/news/6985fe5b69387fd5770742ee12e32166","width":"1797","height":"544"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970896796","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":9,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":343,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9970662041,"gmtCreate":1684397832283,"gmtModify":1684397835576,"author":{"id":"4121267905858872","authorId":"4121267905858872","name":"mizza464","avatar":"https://community-static.tradeup.com/news/fd324d9eb8aa2d6e0370fe1b2b9bf6d7","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4121267905858872","authorIdStr":"4121267905858872"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970662041","repostId":"9970892786","repostType":1,"repost":{"id":9970892786,"gmtCreate":1684240284247,"gmtModify":1684241225089,"author":{"id":"3570103090255456","authorId":"3570103090255456","name":"JC888","avatar":"https://community-static.tradeup.com/news/f3e3c0218599fca5c4e265ddbee1fb32","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3570103090255456","authorIdStr":"3570103090255456"},"themes":[],"title":"Buy $OXY & $COF Like Mr Warren Buffett ? Wait, Dun Rush!","htmlText":"Trading week 15 May to 19 May 2023 It is my personal belief that this week will be one of a “confused” state; up one day and down the next. It remains as such until the Debt Limit “crisis” is resolved. I have covered (in details) in my 02 May post - Will US Debit Limit Cause US Stock Market To Crash? (<a href=\"https://ttm.financial/post/9947875906\" target=\"_blank\">click here to read</a>, show some love, give a “LIKe” - tks). The 2 political parties have turned this into a power struggle between themselves. Best case scenario - the issue is resolved by this week. Both parties will be meeting today, 16 May after it was postponed last Fri, 12 May. It does not look optimistic though. Worst case scenario - Treasury Dept will have more work to do by juggling whom to pay and whose payment will be","listText":"Trading week 15 May to 19 May 2023 It is my personal belief that this week will be one of a “confused” state; up one day and down the next. It remains as such until the Debt Limit “crisis” is resolved. I have covered (in details) in my 02 May post - Will US Debit Limit Cause US Stock Market To Crash? (<a href=\"https://ttm.financial/post/9947875906\" target=\"_blank\">click here to read</a>, show some love, give a “LIKe” - tks). The 2 political parties have turned this into a power struggle between themselves. Best case scenario - the issue is resolved by this week. Both parties will be meeting today, 16 May after it was postponed last Fri, 12 May. It does not look optimistic though. Worst case scenario - Treasury Dept will have more work to do by juggling whom to pay and whose payment will be","text":"Trading week 15 May to 19 May 2023 It is my personal belief that this week will be one of a “confused” state; up one day and down the next. It remains as such until the Debt Limit “crisis” is resolved. I have covered (in details) in my 02 May post - Will US Debit Limit Cause US Stock Market To Crash? (click here to read, show some love, give a “LIKe” - tks). The 2 political parties have turned this into a power struggle between themselves. Best case scenario - the issue is resolved by this week. Both parties will be meeting today, 16 May after it was postponed last Fri, 12 May. It does not look optimistic though. Worst case scenario - Treasury Dept will have more work to do by juggling whom to pay and whose payment will be","images":[{"img":"https://community-static.tradeup.com/news/eb326a24f35a5fcc2f8d44f6fd797d7a","width":"1357","height":"225"},{"img":"https://community-static.tradeup.com/news/6820608ae99400a203a6a69701da41d8","width":"1006","height":"364"},{"img":"https://community-static.tradeup.com/news/7bdafae7e0badbbf1f93f88086a7b762","width":"1690","height":"53"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970892786","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":8,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":357,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9970666764,"gmtCreate":1684397775858,"gmtModify":1684397779474,"author":{"id":"4121267905858872","authorId":"4121267905858872","name":"mizza464","avatar":"https://community-static.tradeup.com/news/fd324d9eb8aa2d6e0370fe1b2b9bf6d7","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4121267905858872","authorIdStr":"4121267905858872"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970666764","repostId":"9970892873","repostType":1,"repost":{"id":9970892873,"gmtCreate":1684240220493,"gmtModify":1684240254097,"author":{"id":"3527667618821228","authorId":"3527667618821228","name":"MillionaireTiger","avatar":"https://static.tigerbbs.com/dc558bf32e48ad6ed6d057026ef55af7","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3527667618821228","authorIdStr":"3527667618821228"},"themes":[],"title":"Nvidia Rebounds From $108 to $289! Will You Add Ahead of Earnings?","htmlText":"<a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$</a> will release earnings soon. Nvidia's share price is currently trading at $289.53, rebounding from $108 in last October. However, it's still lower than the high point of $346 in 2021.From 300 to 100: Cyclical Stocks Suffer Consecutive Hits1) Revenue growth rate turned to negative in 2022In August 2022, NVIDIA's second-quarter revenue fell significantly below expectations, causing a sharp drop in its stock price.NVIDIA's total revenue was $6.7 billion, below the company's guidance of $8.1 billion, with a year-on-year growth rate of only 3%.&nbsp;Subsequently, NVIDIA's revenue growth turned negative. In the third quarter, NVIDIA's overall revenue was $5.93 billion, a 16.5% decline compared to the same period last year, marking the","listText":"<a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$</a> will release earnings soon. Nvidia's share price is currently trading at $289.53, rebounding from $108 in last October. However, it's still lower than the high point of $346 in 2021.From 300 to 100: Cyclical Stocks Suffer Consecutive Hits1) Revenue growth rate turned to negative in 2022In August 2022, NVIDIA's second-quarter revenue fell significantly below expectations, causing a sharp drop in its stock price.NVIDIA's total revenue was $6.7 billion, below the company's guidance of $8.1 billion, with a year-on-year growth rate of only 3%.&nbsp;Subsequently, NVIDIA's revenue growth turned negative. In the third quarter, NVIDIA's overall revenue was $5.93 billion, a 16.5% decline compared to the same period last year, marking the","text":"$NVIDIA Corp(NVDA)$ will release earnings soon. Nvidia's share price is currently trading at $289.53, rebounding from $108 in last October. However, it's still lower than the high point of $346 in 2021.From 300 to 100: Cyclical Stocks Suffer Consecutive Hits1) Revenue growth rate turned to negative in 2022In August 2022, NVIDIA's second-quarter revenue fell significantly below expectations, causing a sharp drop in its stock price.NVIDIA's total revenue was $6.7 billion, below the company's guidance of $8.1 billion, with a year-on-year growth rate of only 3%. Subsequently, NVIDIA's revenue growth turned negative. In the third quarter, NVIDIA's overall revenue was $5.93 billion, a 16.5% decline compared to the same period last year, marking the","images":[{"img":"https://community-static.tradeup.com/news/8d7d59d1a96576330345656a0b82e4df","width":"560","height":"240"},{"img":"https://community-static.tradeup.com/news/fe67b87ca2d77d1277e8d8be51dcc25e","width":"831","height":"415"},{"img":"https://community-static.tradeup.com/news/28b0f105d1448dacca8d2e1039a40206","width":"722","height":"475"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970892873","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":3,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":372,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9902223134,"gmtCreate":1659710197931,"gmtModify":1704709564737,"author":{"id":"4121267905858872","authorId":"4121267905858872","name":"mizza464","avatar":"https://community-static.tradeup.com/news/fd324d9eb8aa2d6e0370fe1b2b9bf6d7","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4121267905858872","authorIdStr":"4121267905858872"},"themes":[],"htmlText":"#Gardens By the Bay ❤️🎉🥳🎂","listText":"#Gardens By the Bay ❤️🎉🥳🎂","text":"#Gardens By the Bay ❤️🎉🥳🎂","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9902223134","isVote":1,"tweetType":1,"viewCount":463,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9901038426,"gmtCreate":1659092856765,"gmtModify":1676536256637,"author":{"id":"4121267905858872","authorId":"4121267905858872","name":"mizza464","avatar":"https://community-static.tradeup.com/news/fd324d9eb8aa2d6e0370fe1b2b9bf6d7","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4121267905858872","authorIdStr":"4121267905858872"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/AAPL\">$Apple(AAPL)$</a>View on Apple(AAPL)BullishBearish","listText":"<a href=\"https://ttm.financial/S/AAPL\">$Apple(AAPL)$</a>View on Apple(AAPL)BullishBearish","text":"$Apple(AAPL)$View on Apple(AAPL)BullishBearish","images":[{"img":"https://community-static.tradeup.com/news/dc28c205837fa4156427a6b521795202","width":"1242","height":"2448"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9901038426","isVote":1,"tweetType":1,"viewCount":252,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"lives":[]}