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2022-12-02

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4 Singapore REITs You Can Count on for Dividends

2022-11-17

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Apple iPhone Wait Times Seen Hitting 'High-End' of Extreme Levels, UBS Says

2022-11-07

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2 Growth Stocks That Could Soar 133% to 226% From Their 52-Week Lows, According to Wall Street

2022-11-07

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Facebook Parent Meta Is Preparing to Notify Employees of Large-Scale Layoffs This Week

2022-11-07

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Twitter Now Asks Some Fired Workers to Please Come Back

2022-11-04

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Here Is The Price I'll Start Buying Microsoft

2022-11-04

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Meta And Alphabet: Both Are Screaming Bargains, But One Is The Smarter Buy

2022-11-02

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3 Top Singapore Stocks to Watch for November

2022-10-30

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Intel to Cut Workforce as Part of Massive Cost Reduction Efforts

2022-10-28

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Is Apple A Buy After FQ4 2022 Earnings? Keep Your Eyes On Services

2022-10-27

[Surprised]

Musk Reportedly Tells Bankers Twitter Deal Will Close on Friday

2022-10-27

😢

Is Google A Buy After Q3 Earnings? The Moment Of Truth Is Here

2022-10-27

Yeah

3 Big-Time Passive Income Stocks to Consider Loading Up On During the Bear Market

2022-10-27

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Nio Surges 15%, Alibaba Up Nearly 1%: What's Pushing Hong Kong Stocks Higher Today

2022-10-27

Hmmm

Tesla Has An Elon Musk Problem

2022-10-27

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Apple Will Comply With iPhone USB-C Charger Law, Executive Says

2022-10-17

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Value Stocks Have Outperformed Growth Stocks, And Now They’re Even Better Bets

2022-10-17

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Tesla, Netflix Set to Report Earnings: What to Watch This Week

2022-10-17

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Alibaba, Nio Shares Fall: Recession Worries, Volatile Wall Street Keep Hong Kong Stocks In Red

2022-10-15

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Netflix's New Ad Tier Gets Mixed Reactions. Now the Focus Is on Earnings

Go to Tiger App to see more news

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09:41","market":"sg","language":"en","title":"4 Singapore REITs You Can Count on for Dividends","url":"https://stock-news.laohu8.com/highlight/detail?id=1112030503","media":"The Smart Investor","summary":"Here are four REITs that you can rely on to pay out steady distributions.Many investors value certai","content":"<html><head></head><body><p>Here are four REITs that you can rely on to pay out steady distributions.</p><p><img src=\"https://static.tigerbbs.com/eab8aa946575cbd62c9fc02194e91a18\" tg-width=\"800\" tg-height=\"533\" width=\"100%\" height=\"auto\"/></p><p>Many investors value certainty and peace of mind when allocating their money to stocks.</p><p>Growth stocks are inherently riskier and may not offer a sufficient margin of safety for conservative investors.</p><p>REITs, on the other hand, are well-liked by prudent investors for their dependability and ability to churn out a passive stream of dividend income.</p><p>But as with any asset class, you must select the quality, well-managed REITs that can boast reliable distributions over the long term.</p><p>As the world grapples with high inflation and surging interest rates, it’s useful to search for an oasis of calm amid the storm.</p><p>We feature four REITs that you can depend on to continue paying out healthy distributions despite the challenges.</p><p><b>Mapletree Industrial Trust (SGX: ME8U)</b></p><p>Mapletree Industrial Trust, or MIT, is an industrial REIT that owns 141 properties with an asset under management of S$8.9 billion as of 30 September 2022.</p><p>These properties include a mix of flatted factories, hi-tech buildings, and data centres spread out across Singapore and the US.</p><p>MIT has demonstrated tremendous growth since its fiscal 2011 (FY2011) ending 31 March 2011.</p><p>The REIT started with an AUM of S$2.2 billion back then and has more than quadrupled it in more than a decade.</p><p>For its fiscal 2023’s second quarter (2Q2023), the industrial REIT saw distributable income inch up 0.7% year on year to S$89 million.</p><p>Distribution per unit (DPU), however, dipped by 3.2% year on year to S$0.0336 due to higher operating expenses and borrowing costs.</p><p>Despite this, MIT maintained a high portfolio occupancy of 95.6% with nearly three-quarters of its loans hedged to fixed rates.</p><p>The REIT has promised to release S$6.6 million of tax-exempt income over three quarters to mitigate the fall in DPU.</p><p>MIT’s redevelopment project at Kolam Ayer 2 should start contributing rental income after its full completion by the second half of 2023.</p><p><b>Parkway Life REIT (SGX: C2PU)</b></p><p>Parkway Life REIT, or PLife REIT, is one of the largest healthcare REITs in Asia with a portfolio worth S$2.4 billion as of 30 September 2022.</p><p>The healthcare REIT owns a total of 61 properties across Singapore, Japan and Malaysia.</p><p>PLife REIT boasts an uninterrupted increase in its core DPU since FY2008, going from S$0.0683 per unit to S$0.1408 by FY2021.</p><p>For the first nine months of 2022 (9M2022), gross revenue saw a 1.3% year on year dip to S$89 million.</p><p>Net property income (NPI), however, inched up 0.1% year on year to S$82.8 million.</p><p>PLife REIT’s gearing stood at just 34.7%, giving the REIT ample debt headroom of S$706.7 million before hitting the 50% leverage threshold.</p><p>After signing a new master lease agreement for its Singapore hospitals last year, PLife REIT recently announced the commencement of renewal capex works at Mount Elizabeth that will be completed by December 2025.</p><p><b>Keppel DC REIT (SGX: AJBU)</b></p><p>Keppel DC REIT owns a portfolio of 23 data centres spread across nine countries with an AUM of S$3.6 billion as of 30 September 2022.</p><p>The REIT has conducted several acquisitions in the past year that have helped to boost its DPU.</p><p>Last December, it acquired its second data centre in London for around S$105.5 million. This property sits on freehold land and is DPU-accretive.</p><p>Then earlier in June, Keppel DC REIT scooped up two data centres in Guangdong, China, for approximately S$297.1 million.</p><p>This acquisition should grow DPU by 2.7% and improve portfolio occupancy further to 98.9%.</p><p>The data centre REIT achieved a commendable performance for 9M2022.</p><p>Gross revenue edged up 0.7% year on year to S$205.9 million while distributable income climbed 8.5% year on year to S$138.1 million.</p><p>DPU increased by 3.4% year on year to S$0.07634.</p><p><b>CapitaLand Integrated Commercial Trust (SGX: C38U)</b></p><p>CapitaLand Integrated Commercial Trust, or CICT, is a retail cum commercial REIT with a total property value of S$24.2 billion as of 31 December 2021.</p><p>The REIT owns 21 properties in Singapore, two in Frankfurt, and three in Sydney.</p><p>CICT released a robust set of numbers for its latest fiscal 2022’s third quarter (3Q2022) business update.</p><p>Gross revenue for 9M2022 rose 8.9% year on year to S$1.1 billion while NPI increased by 8.4% year on year to S$775 million.</p><p>CICT also has a strong sponsor in real estate giant <b>CapitaLand Investment Limited</b> (SGX: 9CI).</p><p>Investors should feel assured that no single tenant contributes more than 5.1% of the REIT’s gross rental income.</p><p>Elsewhere, CICT also has 80% of its total borrowings on fixed rates, thereby mitigating a sharp rise in finance costs that may eat into its distributable income.</p></body></html>","source":"lsy1602567310727","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>4 Singapore REITs You Can Count on for Dividends</title>\n<style 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}\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\">\n4 Singapore REITs You Can Count on for Dividends\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-02 09:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/4-singapore-reits-you-can-count-on-for-dividends/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Here are four REITs that you can rely on to pay out steady distributions.Many investors value certainty and peace of mind when allocating their money to stocks.Growth stocks are inherently riskier and...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/4-singapore-reits-you-can-count-on-for-dividends/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"C38U.SI":"凯德商用新加坡信托","C2PU.SI":"百汇生命产业信托","ME8U.SI":"丰树工业信托","AJBU.SI":"吉宝数据中心房地产信托"},"source_url":"https://thesmartinvestor.com.sg/4-singapore-reits-you-can-count-on-for-dividends/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112030503","content_text":"Here are four REITs that you can rely on to pay out steady distributions.Many investors value certainty and peace of mind when allocating their money to stocks.Growth stocks are inherently riskier and may not offer a sufficient margin of safety for conservative investors.REITs, on the other hand, are well-liked by prudent investors for their dependability and ability to churn out a passive stream of dividend income.But as with any asset class, you must select the quality, well-managed REITs that can boast reliable distributions over the long term.As the world grapples with high inflation and surging interest rates, it’s useful to search for an oasis of calm amid the storm.We feature four REITs that you can depend on to continue paying out healthy distributions despite the challenges.Mapletree Industrial Trust (SGX: ME8U)Mapletree Industrial Trust, or MIT, is an industrial REIT that owns 141 properties with an asset under management of S$8.9 billion as of 30 September 2022.These properties include a mix of flatted factories, hi-tech buildings, and data centres spread out across Singapore and the US.MIT has demonstrated tremendous growth since its fiscal 2011 (FY2011) ending 31 March 2011.The REIT started with an AUM of S$2.2 billion back then and has more than quadrupled it in more than a decade.For its fiscal 2023’s second quarter (2Q2023), the industrial REIT saw distributable income inch up 0.7% year on year to S$89 million.Distribution per unit (DPU), however, dipped by 3.2% year on year to S$0.0336 due to higher operating expenses and borrowing costs.Despite this, MIT maintained a high portfolio occupancy of 95.6% with nearly three-quarters of its loans hedged to fixed rates.The REIT has promised to release S$6.6 million of tax-exempt income over three quarters to mitigate the fall in DPU.MIT’s redevelopment project at Kolam Ayer 2 should start contributing rental income after its full completion by the second half of 2023.Parkway Life REIT (SGX: C2PU)Parkway Life REIT, or PLife REIT, is one of the largest healthcare REITs in Asia with a portfolio worth S$2.4 billion as of 30 September 2022.The healthcare REIT owns a total of 61 properties across Singapore, Japan and Malaysia.PLife REIT boasts an uninterrupted increase in its core DPU since FY2008, going from S$0.0683 per unit to S$0.1408 by FY2021.For the first nine months of 2022 (9M2022), gross revenue saw a 1.3% year on year dip to S$89 million.Net property income (NPI), however, inched up 0.1% year on year to S$82.8 million.PLife REIT’s gearing stood at just 34.7%, giving the REIT ample debt headroom of S$706.7 million before hitting the 50% leverage threshold.After signing a new master lease agreement for its Singapore hospitals last year, PLife REIT recently announced the commencement of renewal capex works at Mount Elizabeth that will be completed by December 2025.Keppel DC REIT (SGX: AJBU)Keppel DC REIT owns a portfolio of 23 data centres spread across nine countries with an AUM of S$3.6 billion as of 30 September 2022.The REIT has conducted several acquisitions in the past year that have helped to boost its DPU.Last December, it acquired its second data centre in London for around S$105.5 million. This property sits on freehold land and is DPU-accretive.Then earlier in June, Keppel DC REIT scooped up two data centres in Guangdong, China, for approximately S$297.1 million.This acquisition should grow DPU by 2.7% and improve portfolio occupancy further to 98.9%.The data centre REIT achieved a commendable performance for 9M2022.Gross revenue edged up 0.7% year on year to S$205.9 million while distributable income climbed 8.5% year on year to S$138.1 million.DPU increased by 3.4% year on year to S$0.07634.CapitaLand Integrated Commercial Trust (SGX: C38U)CapitaLand Integrated Commercial Trust, or CICT, is a retail cum commercial REIT with a total property value of S$24.2 billion as of 31 December 2021.The REIT owns 21 properties in Singapore, two in Frankfurt, and three in Sydney.CICT released a robust set of numbers for its latest fiscal 2022’s third quarter (3Q2022) business update.Gross revenue for 9M2022 rose 8.9% year on year to S$1.1 billion while NPI increased by 8.4% year on year to S$775 million.CICT also has a strong sponsor in real estate giant CapitaLand Investment Limited (SGX: 9CI).Investors should feel assured that no single tenant contributes more than 5.1% of the REIT’s gross rental income.Elsewhere, CICT also has 80% of its total borrowings on fixed rates, thereby mitigating a sharp rise in finance costs that may eat into its distributable income.","news_type":1},"isVote":1,"tweetType":1,"viewCount":502,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9963680130,"gmtCreate":1668661162320,"gmtModify":1676538093028,"author":{"id":"4127309136508732","authorId":"4127309136508732","name":"cky92","avatar":"https://community-static.tradeup.com/news/30bf8de6f8868dfb35bef0e86df9a12b","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4127309136508732","authorIdStr":"4127309136508732"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9963680130","repostId":"2284350737","repostType":2,"repost":{"id":"2284350737","pubTimestamp":1668648899,"share":"https://ttm.financial/m/news/2284350737?lang=&edition=fundamental","pubTime":"2022-11-17 09:34","market":"us","language":"en","title":"Apple iPhone Wait Times Seen Hitting 'High-End' of Extreme Levels, UBS Says","url":"https://stock-news.laohu8.com/highlight/detail?id=2284350737","media":"seekingalpha","summary":"iWait times for Apple's iPhone 14 lineup have continued to move higher in the wake of supply issues ","content":"<html><head></head><body><ul><li>iWait times for Apple&#39;s iPhone 14 lineup have continued to move higher in the wake of supply issues and continued strong demand, investment firm UBS said on Wednesday.</li></ul><p>Analyst David Vogt, who has a buy rating on Apple (AAPL), noted that UBS&#39;s Evidence Lab, which tracks iPhone availability across 30 countries, has continued to rise and is now at an &#34;extreme level,&#34; including 34 days in the U.S. for the iPhone 14 Pro and iPhone 14 Pro Max.</p><p>In China, wait time at the high-end is at 36 days, up 10 days from last week.</p><p>&#34;While our recently lowered 83 million Dec quarter iPhone unit estimate should reflect the recent disruptions, if the data does not improve over the next several weeks, we believe there is downside risk to iPhones despite the extra week in the quarter,&#34; Vogt wrote in a note to clients.</p><p>The analyst added that December sees between 35% and 40% of all iPhone units in the quarter, raising the risk if supply is constrained in the month.</p><p>On Tuesday, it was reported that Apple (AAPL) CEO Tim Cook said the company would source some of its chips from Arizona as the company looks to diversify its supply chain.</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>Apple iPhone Wait Times Seen Hitting 'High-End' of Extreme Levels, UBS Says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple iPhone Wait Times Seen Hitting 'High-End' of Extreme Levels, UBS Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-17 09:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3908553-apple-iphone-wait-times-seen-hitting-high-end-of-extreme-levels-ubs-says><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>iWait times for Apple's iPhone 14 lineup have continued to move higher in the wake of supply issues and continued strong demand, investment firm UBS said on Wednesday.Analyst David Vogt, who has a buy...</p>\n\n<a href=\"https://seekingalpha.com/news/3908553-apple-iphone-wait-times-seen-hitting-high-end-of-extreme-levels-ubs-says\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/news/3908553-apple-iphone-wait-times-seen-hitting-high-end-of-extreme-levels-ubs-says","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2284350737","content_text":"iWait times for Apple's iPhone 14 lineup have continued to move higher in the wake of supply issues and continued strong demand, investment firm UBS said on Wednesday.Analyst David Vogt, who has a buy rating on Apple (AAPL), noted that UBS's Evidence Lab, which tracks iPhone availability across 30 countries, has continued to rise and is now at an \"extreme level,\" including 34 days in the U.S. for the iPhone 14 Pro and iPhone 14 Pro Max.In China, wait time at the high-end is at 36 days, up 10 days from last week.\"While our recently lowered 83 million Dec quarter iPhone unit estimate should reflect the recent disruptions, if the data does not improve over the next several weeks, we believe there is downside risk to iPhones despite the extra week in the quarter,\" Vogt wrote in a note to clients.The analyst added that December sees between 35% and 40% of all iPhone units in the quarter, raising the risk if supply is constrained in the month.On Tuesday, it was reported that Apple (AAPL) CEO Tim Cook said the company would source some of its chips from Arizona as the company looks to diversify its supply chain.","news_type":1},"isVote":1,"tweetType":1,"viewCount":397,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9987363997,"gmtCreate":1667825886019,"gmtModify":1676537969649,"author":{"id":"4127309136508732","authorId":"4127309136508732","name":"cky92","avatar":"https://community-static.tradeup.com/news/30bf8de6f8868dfb35bef0e86df9a12b","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4127309136508732","authorIdStr":"4127309136508732"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9987363997","repostId":"2281414614","repostType":4,"repost":{"id":"2281414614","pubTimestamp":1667835205,"share":"https://ttm.financial/m/news/2281414614?lang=&edition=fundamental","pubTime":"2022-11-07 23:33","market":"us","language":"en","title":"2 Growth Stocks That Could Soar 133% to 226% From Their 52-Week Lows, According to Wall Street","url":"https://stock-news.laohu8.com/highlight/detail?id=2281414614","media":"Motley Fool","summary":"These growth stocks have fallen sharply amid the bear market, but investors have good reason to be bullish on both companies.","content":"<html><head></head><body><p>The stock market has crumbled this year. High inflation and rising interest rates have caused the <b>S&amp;P 500</b> to dive headlong into a bear market. The broad-based index is currently 21% off its high, but many individual growth stocks have fared even worse. For instance, <b>Shopify</b> and <b>Global-e Online</b> have seen their share prices tumble 80% and 73%, respectively, leaving both stocks near 52-week lows.</p><p>However, some Wall Street analysts remain upbeat. Paul Treiber of <b>RBC</b> Capital has a price target on Shopify of $55 per share, 133% higher than its 52-week low of $23.63. And James Faucette of <b><a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a></b> has a price target of $51 per share on Global-e Online, which implies 226% upside from its 52-week low of $15.63.</p><p>Is it time to buy these growth stocks?</p><h2>Shopify: Omnichannel commerce made easy</h2><p>Shopify is the central nervous system for over two million businesses. Its software simplifies commerce by enabling merchants to manage multiple sales channels from a single platform, including online marketplaces like <b>Amazon</b>, social media like Instagram, and direct-to-consumer (D2C) websites. Shopify also provides adjacent solutions for payment processing, financing, and marketing, among others.</p><p>The company has struggled in the current economic environment. Revenue climbed just 22% to $1.4 billion in the third quarter, and the company posted an adjusted loss of $0.02 per share, compared to an adjusted profit of $0.08 per share last year. Worse yet, Shopify may continue to struggle until inflation normalizes and consumer spending rebounds. But these temporary headwinds are obscuring its true potential. In fact, RBC analyst Paul Treiber recently called Shopify &#34;one of the most compelling long-term growth stories.&#34;</p><p>According to G2 Grid, Shopify is the most popular e-commerce software in terms of market presence, and Shopify Plus -- its commerce suite for larger companies -- is the second most popular platform. That success stems from its support for omnichannel commerce. While marketplace operators herd sellers onto one platform, Shopify helps brands grow across virtually any channel. That includes brick-and-mortar stores and D2C websites, which gives brands complete control over the buyer experience -- something they lack on a marketplace like Amazon -- and can increase the odds of lasting customer relationships.</p><p>That means Shopify is set to capitalize on a large and growing addressable market. E-commerce sales worldwide are expected to increase 10% annually to reach $7.4 trillion by 2025, according to eMarketer. Better yet, Shopify has a particularly strong foothold in North America. It powered 10.3% of retail e-commerce sales in the U.S. last year -- second only to Amazon -- and that market is expected to grow 12% annually to reach $1.5 trillion by 2025.</p><p>Currently, shares trade at about 8.5 times sales, an absolute bargain compared to the three-year average of over 36 times sales. That creates a compelling buying opportunity, though investors shouldn&#39;t expect triple-digit returns in the next year. The macroeconomic environment is far too uncertain to warrant that type of near-term optimism.</p><h2>Global-e Online: Cross-border e-commerce made easy</h2><p>Global-e simplifies cross-border e-commerce by helping merchants optimize their digital stores for international buyers. The Global-e platform localizes details like language, currency, and payment options, and it surfaces data-driven insights to help merchants understand shopper behavior on a market-by-market basis. Those services boost international conversion rates, often by more than 60%, according to the company.</p><p>Additionally, Global-e provides fulfillment services through a partner network of shipping carriers, and it offers support for returns and customer service. Better yet, its platform removes much of the regulatory complexity associated with international expansion by helping merchants calculate and pay import duties and foreign sales tax. In a nutshell, Global-e makes it easy for businesses to move into new markets, and that value proposition has the company growing like gangbusters.</p><p>In the second quarter, Global-e saw gross merchandise volume (GMV) soar 64% to $534 million as more brands joined the platform. That feat is particularly impressive given the state of the global economy. In turn, quarterly revenue jumped 52% to $87 million, and the company posted positive free cash flow (FCF) of $30 million. That equates to an impressive FCF margin of 34%.</p><p>Better yet, investors have good reason to believe that momentum will continue. Cross-border e-commerce sales will total $736 billion in 2023, according to <b>Forrester Research</b>, but Global-e handled just $990 million in GMV through the first half of 2022. That puts the company in front of a massive opportunity, and management has set in motion a strong growth strategy. For instance, Global-e powers Shopify Markets Pro, a sophisticated cross-border solution that makes it possible for Shopify merchants to expand into more than 150 markets overnight.</p><p>Currently, shares trade at just over 11 times sales, a discount to the historic average of nearly 25. That&#39;s why investors should consider buying this growth stock, though Global-e is best viewed as a long-term investment. Triple-digit returns are in the cards but only with enough time for the company to expand into its huge market.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>2 Growth Stocks That Could Soar 133% to 226% From Their 52-Week Lows, According to Wall Street</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n2 Growth Stocks That Could Soar 133% to 226% From Their 52-Week Lows, According to Wall Street\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-07 23:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/11/06/2-growth-stocks-could-soar-226-from-52-week-low/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The stock market has crumbled this year. High inflation and rising interest rates have caused the S&P 500 to dive headlong into a bear market. The broad-based index is currently 21% off its high, but ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/11/06/2-growth-stocks-could-soar-226-from-52-week-low/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SHOP":"Shopify Inc","GLBE":"Global-E Online Ltd."},"source_url":"https://www.fool.com/investing/2022/11/06/2-growth-stocks-could-soar-226-from-52-week-low/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2281414614","content_text":"The stock market has crumbled this year. High inflation and rising interest rates have caused the S&P 500 to dive headlong into a bear market. The broad-based index is currently 21% off its high, but many individual growth stocks have fared even worse. For instance, Shopify and Global-e Online have seen their share prices tumble 80% and 73%, respectively, leaving both stocks near 52-week lows.However, some Wall Street analysts remain upbeat. Paul Treiber of RBC Capital has a price target on Shopify of $55 per share, 133% higher than its 52-week low of $23.63. And James Faucette of Morgan Stanley has a price target of $51 per share on Global-e Online, which implies 226% upside from its 52-week low of $15.63.Is it time to buy these growth stocks?Shopify: Omnichannel commerce made easyShopify is the central nervous system for over two million businesses. Its software simplifies commerce by enabling merchants to manage multiple sales channels from a single platform, including online marketplaces like Amazon, social media like Instagram, and direct-to-consumer (D2C) websites. Shopify also provides adjacent solutions for payment processing, financing, and marketing, among others.The company has struggled in the current economic environment. Revenue climbed just 22% to $1.4 billion in the third quarter, and the company posted an adjusted loss of $0.02 per share, compared to an adjusted profit of $0.08 per share last year. Worse yet, Shopify may continue to struggle until inflation normalizes and consumer spending rebounds. But these temporary headwinds are obscuring its true potential. In fact, RBC analyst Paul Treiber recently called Shopify \"one of the most compelling long-term growth stories.\"According to G2 Grid, Shopify is the most popular e-commerce software in terms of market presence, and Shopify Plus -- its commerce suite for larger companies -- is the second most popular platform. That success stems from its support for omnichannel commerce. While marketplace operators herd sellers onto one platform, Shopify helps brands grow across virtually any channel. That includes brick-and-mortar stores and D2C websites, which gives brands complete control over the buyer experience -- something they lack on a marketplace like Amazon -- and can increase the odds of lasting customer relationships.That means Shopify is set to capitalize on a large and growing addressable market. E-commerce sales worldwide are expected to increase 10% annually to reach $7.4 trillion by 2025, according to eMarketer. Better yet, Shopify has a particularly strong foothold in North America. It powered 10.3% of retail e-commerce sales in the U.S. last year -- second only to Amazon -- and that market is expected to grow 12% annually to reach $1.5 trillion by 2025.Currently, shares trade at about 8.5 times sales, an absolute bargain compared to the three-year average of over 36 times sales. That creates a compelling buying opportunity, though investors shouldn't expect triple-digit returns in the next year. The macroeconomic environment is far too uncertain to warrant that type of near-term optimism.Global-e Online: Cross-border e-commerce made easyGlobal-e simplifies cross-border e-commerce by helping merchants optimize their digital stores for international buyers. The Global-e platform localizes details like language, currency, and payment options, and it surfaces data-driven insights to help merchants understand shopper behavior on a market-by-market basis. Those services boost international conversion rates, often by more than 60%, according to the company.Additionally, Global-e provides fulfillment services through a partner network of shipping carriers, and it offers support for returns and customer service. Better yet, its platform removes much of the regulatory complexity associated with international expansion by helping merchants calculate and pay import duties and foreign sales tax. In a nutshell, Global-e makes it easy for businesses to move into new markets, and that value proposition has the company growing like gangbusters.In the second quarter, Global-e saw gross merchandise volume (GMV) soar 64% to $534 million as more brands joined the platform. That feat is particularly impressive given the state of the global economy. In turn, quarterly revenue jumped 52% to $87 million, and the company posted positive free cash flow (FCF) of $30 million. That equates to an impressive FCF margin of 34%.Better yet, investors have good reason to believe that momentum will continue. Cross-border e-commerce sales will total $736 billion in 2023, according to Forrester Research, but Global-e handled just $990 million in GMV through the first half of 2022. That puts the company in front of a massive opportunity, and management has set in motion a strong growth strategy. For instance, Global-e powers Shopify Markets Pro, a sophisticated cross-border solution that makes it possible for Shopify merchants to expand into more than 150 markets overnight.Currently, shares trade at just over 11 times sales, a discount to the historic average of nearly 25. That's why investors should consider buying this growth stock, though Global-e is best viewed as a long-term investment. Triple-digit returns are in the cards but only with enough time for the company to expand into its huge market.","news_type":1},"isVote":1,"tweetType":1,"viewCount":542,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9987369499,"gmtCreate":1667825864211,"gmtModify":1676537969640,"author":{"id":"4127309136508732","authorId":"4127309136508732","name":"cky92","avatar":"https://community-static.tradeup.com/news/30bf8de6f8868dfb35bef0e86df9a12b","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4127309136508732","authorIdStr":"4127309136508732"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9987369499","repostId":"1133133927","repostType":2,"repost":{"id":"1133133927","pubTimestamp":1667774184,"share":"https://ttm.financial/m/news/1133133927?lang=&edition=fundamental","pubTime":"2022-11-07 06:36","market":"us","language":"en","title":"Facebook Parent Meta Is Preparing to Notify Employees of Large-Scale Layoffs This Week","url":"https://stock-news.laohu8.com/highlight/detail?id=1133133927","media":"The Wall Street Journal","summary":"Social-media company’s planned cuts expected to affect many thousands of its workforceMeta’s planned","content":"<html><head></head><body><p>Social-media company’s planned cuts expected to affect many thousands of its workforce</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3283f3fd40a681581abb2a1eddb4d4d0\" tg-width=\"860\" tg-height=\"573\" width=\"100%\" height=\"auto\"/><span>Meta’s planned layoffs would be the first broad head-count reductions to occur in the company’s 18-year history.</span></p><p>Meta Platforms Inc. increase; green up pointing triangleis planning to begin large-scale layoffs this week, according to people familiar with the matter, in what could be the largest round in a recent spate of tech job cuts after the industry’s rapid growth during the pandemic.</p><p>The layoffs are expected to affect many thousands of employees and an announcement is planned to come as soon as Wednesday, according to the people. Meta reported more than 87,000 employees at the end of September. Company officials already told employees to cancel nonessential travel beginning this week, the people said.</p><p>The planned layoffs would be the first broad head-count reductions to occur in the company’s 18-year history. While smaller on a percentage basis than the cuts at Twitter Inc. this past week, which hit about half of that company’s staff, the number of Meta employees expected to lose their jobs could be the largest to date at a major technology corporation in a year that has seen a tech-industry retrenchment.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9caf8c9f7790e7fc5fd92e25bb7c05c9\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"/><span>CEO Mark Zuckerberg has said recently that ‘some teams will grow meaningfully, but most other teams will stay flat or shrink over the next year.’</span></p><p>A spokesman for Meta declined to comment, referring to Chief Executive Mark Zuckerberg’s recent statement that the company would “focus our investments on a small number of high priority growth areas.”</p><p>“So that means some teams will grow meaningfully, but most other teams will stay flat or shrink over the next year,” he said on the company’s third-quarter earnings call on Oct. 26. “In aggregate, we expect to end 2023 as either roughly the same size, or even a slightly smaller organization than we are today.”</p><p>The Wall Street Journal reported in September that Meta was planning to cut expenses by at least 10% in the coming months, in part through staff reductions.</p><p>The cuts expected to be announced this week follow several months of more targeted staffing reductions in which employees were managed out or saw their roles eliminated.</p><p>“Realistically, there are probably a bunch of people at the company who shouldn’t be here,” Mr. Zuckerberg told employees at a companywide meeting at the end of June.</p><p>Meta, like other tech giants, went on a hiring spree during the pandemic as life and business shifted more online. It added more than 27,000 employees in 2020 and 2021, and added a further 15,344 in the first nine months of this year—about one-fourth of that during the most recent quarter.</p><p>Meta’s stock has fallen more than 70% this year. The company has highlighted deteriorating macroeconomic trends, but investors have also been spooked by its high spending and threats to the company’s core social-media business. Growth for that business in many markets has stalled amid stiff competition from TikTok, and Apple Inc.’s requirement that users opt-in to the tracking of their devices has curtailed the ability of social-media platforms to target ads.</p><p>Last month, investment firm Altimeter Capital said in an open letter to Mr. Zuckerberg that Meta should slash staff and pare back its metaverse ambitions, reflecting the rising discontent among shareholders.</p><p>Meta’s expenses have also risen sharply, causing its free cash flow to decline 98% in the most recent quarter. Some of the company’s spending stems from heavy investments in the additional computing power and artificial intelligence needed to further develop Reels, Meta’s TikTok-like short-form video platform on Instagram, and to target ads with less data.</p><p>But much of Meta’s ballooning costs stem from Mr. Zuckerberg’s commitment to Reality Labs, a division of the company responsible for virtual- and augmented-reality headsets as well as the creation of the metaverse. Mr. Zuckerberg has billed the metaverse as a constellation of interlocking virtual worlds in which people will eventually work, play, live and shop.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0b8c22394a4d0d4712ba49c7ed86c6ab\" tg-width=\"700\" tg-height=\"467\" width=\"100%\" height=\"auto\"/><span>Meta has invested heavily in promoting its virtual-reality platform, but users have been largely unimpressed.</span></p><p>The effort has cost the company $15 billion since the beginning of last year. But despite investing heavily in promoting its virtual-reality platform, Horizon Worlds, users have been largely unimpressed. Last month, the Journal reported that visitors to Horizon Worlds had fallen over the course of the year to well under 200,000 users, about the size of Sioux Falls, S.D.</p><p>“I get that a lot of people might disagree with this investment,” Mr. Zuckerberg told analysts on the company’s earnings call last month before reaffirming his commitment. “I think people are going to look back on decades from now and talk about the importance of the work that was done here.”</p><p>After the call, analysts downgraded their rating of Meta’s stock and slashed price targets.</p><p>“Management’s road map &amp; justification for this strategy continue to not resonate with investors,” analysts at RBC Capital Markets said in a note last month.</p></body></html>","source":"wsj_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Facebook Parent Meta Is Preparing to Notify Employees of Large-Scale Layoffs This Week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFacebook Parent Meta Is Preparing to Notify Employees of Large-Scale Layoffs This Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-07 06:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/meta-is-preparing-to-notify-employees-of-large-scale-layoffs-this-week-11667767794?mod=hp_lead_pos1><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Social-media company’s planned cuts expected to affect many thousands of its workforceMeta’s planned layoffs would be the first broad head-count reductions to occur in the company’s 18-year history....</p>\n\n<a href=\"https://www.wsj.com/articles/meta-is-preparing-to-notify-employees-of-large-scale-layoffs-this-week-11667767794?mod=hp_lead_pos1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"META":"Meta Platforms, Inc."},"source_url":"https://www.wsj.com/articles/meta-is-preparing-to-notify-employees-of-large-scale-layoffs-this-week-11667767794?mod=hp_lead_pos1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1133133927","content_text":"Social-media company’s planned cuts expected to affect many thousands of its workforceMeta’s planned layoffs would be the first broad head-count reductions to occur in the company’s 18-year history.Meta Platforms Inc. increase; green up pointing triangleis planning to begin large-scale layoffs this week, according to people familiar with the matter, in what could be the largest round in a recent spate of tech job cuts after the industry’s rapid growth during the pandemic.The layoffs are expected to affect many thousands of employees and an announcement is planned to come as soon as Wednesday, according to the people. Meta reported more than 87,000 employees at the end of September. Company officials already told employees to cancel nonessential travel beginning this week, the people said.The planned layoffs would be the first broad head-count reductions to occur in the company’s 18-year history. While smaller on a percentage basis than the cuts at Twitter Inc. this past week, which hit about half of that company’s staff, the number of Meta employees expected to lose their jobs could be the largest to date at a major technology corporation in a year that has seen a tech-industry retrenchment.CEO Mark Zuckerberg has said recently that ‘some teams will grow meaningfully, but most other teams will stay flat or shrink over the next year.’A spokesman for Meta declined to comment, referring to Chief Executive Mark Zuckerberg’s recent statement that the company would “focus our investments on a small number of high priority growth areas.”“So that means some teams will grow meaningfully, but most other teams will stay flat or shrink over the next year,” he said on the company’s third-quarter earnings call on Oct. 26. “In aggregate, we expect to end 2023 as either roughly the same size, or even a slightly smaller organization than we are today.”The Wall Street Journal reported in September that Meta was planning to cut expenses by at least 10% in the coming months, in part through staff reductions.The cuts expected to be announced this week follow several months of more targeted staffing reductions in which employees were managed out or saw their roles eliminated.“Realistically, there are probably a bunch of people at the company who shouldn’t be here,” Mr. Zuckerberg told employees at a companywide meeting at the end of June.Meta, like other tech giants, went on a hiring spree during the pandemic as life and business shifted more online. It added more than 27,000 employees in 2020 and 2021, and added a further 15,344 in the first nine months of this year—about one-fourth of that during the most recent quarter.Meta’s stock has fallen more than 70% this year. The company has highlighted deteriorating macroeconomic trends, but investors have also been spooked by its high spending and threats to the company’s core social-media business. Growth for that business in many markets has stalled amid stiff competition from TikTok, and Apple Inc.’s requirement that users opt-in to the tracking of their devices has curtailed the ability of social-media platforms to target ads.Last month, investment firm Altimeter Capital said in an open letter to Mr. Zuckerberg that Meta should slash staff and pare back its metaverse ambitions, reflecting the rising discontent among shareholders.Meta’s expenses have also risen sharply, causing its free cash flow to decline 98% in the most recent quarter. Some of the company’s spending stems from heavy investments in the additional computing power and artificial intelligence needed to further develop Reels, Meta’s TikTok-like short-form video platform on Instagram, and to target ads with less data.But much of Meta’s ballooning costs stem from Mr. Zuckerberg’s commitment to Reality Labs, a division of the company responsible for virtual- and augmented-reality headsets as well as the creation of the metaverse. Mr. Zuckerberg has billed the metaverse as a constellation of interlocking virtual worlds in which people will eventually work, play, live and shop.Meta has invested heavily in promoting its virtual-reality platform, but users have been largely unimpressed.The effort has cost the company $15 billion since the beginning of last year. But despite investing heavily in promoting its virtual-reality platform, Horizon Worlds, users have been largely unimpressed. Last month, the Journal reported that visitors to Horizon Worlds had fallen over the course of the year to well under 200,000 users, about the size of Sioux Falls, S.D.“I get that a lot of people might disagree with this investment,” Mr. Zuckerberg told analysts on the company’s earnings call last month before reaffirming his commitment. “I think people are going to look back on decades from now and talk about the importance of the work that was done here.”After the call, analysts downgraded their rating of Meta’s stock and slashed price targets.“Management’s road map & justification for this strategy continue to not resonate with investors,” analysts at RBC Capital Markets said in a note last month.","news_type":1},"isVote":1,"tweetType":1,"viewCount":495,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9987369577,"gmtCreate":1667825815599,"gmtModify":1676537969631,"author":{"id":"4127309136508732","authorId":"4127309136508732","name":"cky92","avatar":"https://community-static.tradeup.com/news/30bf8de6f8868dfb35bef0e86df9a12b","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4127309136508732","authorIdStr":"4127309136508732"},"themes":[],"htmlText":"Gg","listText":"Gg","text":"Gg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9987369577","repostId":"1168407332","repostType":2,"repost":{"id":"1168407332","pubTimestamp":1667776351,"share":"https://ttm.financial/m/news/1168407332?lang=&edition=fundamental","pubTime":"2022-11-07 07:12","market":"us","language":"en","title":"Twitter Now Asks Some Fired Workers to Please Come Back","url":"https://stock-news.laohu8.com/highlight/detail?id=1168407332","media":"Bloomberg","summary":"Twitter management trying to bring back dozens of workersSome employees now needed or were laid off ","content":"<html><head></head><body><ul><li>Twitter management trying to bring back dozens of workers</li><li>Some employees now needed or were laid off by mistake</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ceb620c851f2cd96783dcf1e515a6a31\" tg-width=\"1000\" tg-height=\"666\" width=\"100%\" height=\"auto\"/><span>Twitter headquarters in San Francisco, California.Photographer: David Paul Morris/Bloomberg</span></p><p>Twitter Inc., after laying off roughly half the company on Friday following Elon Musk’s $44 billion acquisition, is now reaching out to dozens of employees who lost their jobs and asking them to return.</p><p>Some of those who are being asked to return were laid off by mistake, according to two people familiar with the moves. Others were let go before management realized that their work and experience may be necessary to build the new features Musk envisions, the people said, asking not to be identified discussing private information.</p><p>Twitter cut close to 3,700 people this week via email as a way to trim costs following Musk’s acquisition, which closed in late October. Many employees learned they lost their job after their access to company-wide systems, like email and Slack, were suddenly suspended. The requests for employees to return demonstrate how rushed and chaotic the process was.</p><p>A Twitter spokesperson did not reply to a request for comment. Twitter’s plan to hire back workers was previously reported by Platformer.</p><p>“Regarding Twitter’s reduction in force, unfortunately there is no choice when the company is losing over $4M/day,” Musk tweeted on Friday.</p><p><img src=\"https://static.tigerbbs.com/69b2b646b405f2318b2f08070c750ceb\" tg-width=\"831\" tg-height=\"489\" width=\"100%\" height=\"auto\"/></p><p>Twitter has close to 3,700 employees remaining, according to people familiar with the matter. Musk is pushing those who remain at the company to move quickly in shipping new features, and in some cases, employees have even slept at the office to meet new deadlines.</p><p>Over the weekend, Twitter rolled out a new Twitter Blue subscription plan, offering a verification check mark for any user who pays $8 a month. The company also said it will soon be launching other features, including half the ads, the ability to post longer videos and get priority ranking in replies, mentions and searches.</p><p>The New York Times on Sunday reported Twitter will delay changes to the check marks until after Tuesday’s midterm elections, after users and employees raised concerns that the plan could be misused to sow discord.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Twitter Now Asks Some Fired Workers to Please Come Back</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTwitter Now Asks Some Fired Workers to Please Come Back\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-07 07:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-11-06/twitter-now-asks-some-fired-workers-to-please-come-back?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Twitter management trying to bring back dozens of workersSome employees now needed or were laid off by mistakeTwitter headquarters in San Francisco, California.Photographer: David Paul Morris/...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-11-06/twitter-now-asks-some-fired-workers-to-please-come-back?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TWTR":"Twitter"},"source_url":"https://www.bloomberg.com/news/articles/2022-11-06/twitter-now-asks-some-fired-workers-to-please-come-back?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1168407332","content_text":"Twitter management trying to bring back dozens of workersSome employees now needed or were laid off by mistakeTwitter headquarters in San Francisco, California.Photographer: David Paul Morris/BloombergTwitter Inc., after laying off roughly half the company on Friday following Elon Musk’s $44 billion acquisition, is now reaching out to dozens of employees who lost their jobs and asking them to return.Some of those who are being asked to return were laid off by mistake, according to two people familiar with the moves. Others were let go before management realized that their work and experience may be necessary to build the new features Musk envisions, the people said, asking not to be identified discussing private information.Twitter cut close to 3,700 people this week via email as a way to trim costs following Musk’s acquisition, which closed in late October. Many employees learned they lost their job after their access to company-wide systems, like email and Slack, were suddenly suspended. The requests for employees to return demonstrate how rushed and chaotic the process was.A Twitter spokesperson did not reply to a request for comment. Twitter’s plan to hire back workers was previously reported by Platformer.“Regarding Twitter’s reduction in force, unfortunately there is no choice when the company is losing over $4M/day,” Musk tweeted on Friday.Twitter has close to 3,700 employees remaining, according to people familiar with the matter. Musk is pushing those who remain at the company to move quickly in shipping new features, and in some cases, employees have even slept at the office to meet new deadlines.Over the weekend, Twitter rolled out a new Twitter Blue subscription plan, offering a verification check mark for any user who pays $8 a month. The company also said it will soon be launching other features, including half the ads, the ability to post longer videos and get priority ranking in replies, mentions and searches.The New York Times on Sunday reported Twitter will delay changes to the check marks until after Tuesday’s midterm elections, after users and employees raised concerns that the plan could be misused to sow discord.","news_type":1},"isVote":1,"tweetType":1,"viewCount":431,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9984108862,"gmtCreate":1667551436357,"gmtModify":1676537936481,"author":{"id":"4127309136508732","authorId":"4127309136508732","name":"cky92","avatar":"https://community-static.tradeup.com/news/30bf8de6f8868dfb35bef0e86df9a12b","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4127309136508732","authorIdStr":"4127309136508732"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9984108862","repostId":"1105116140","repostType":2,"repost":{"id":"1105116140","pubTimestamp":1667550709,"share":"https://ttm.financial/m/news/1105116140?lang=&edition=fundamental","pubTime":"2022-11-04 16:31","market":"us","language":"en","title":"Here Is The Price I'll Start Buying Microsoft","url":"https://stock-news.laohu8.com/highlight/detail?id=1105116140","media":"seekingalpha","summary":"SummaryMicrosoft stock has lost a third of its peak value and is now low enough to examine for poten","content":"<html><head></head><body><p>Summary</p><ul><li>Microsoft stock has lost a third of its peak value and is now low enough to examine for potential purchase.</li><li>In this article, I share my valuation process for Microsoft stock.</li><li>I also share my thoughts about how a recession could affect the stock price and the price range I would consider adding the stock to my portfolio.</li></ul><h3>My Valuation Method For Microsoft</h3><p>The valuation method I use for Microsoft first checks to see how cyclical earnings have been historically. Once it is determined that earnings aren&#39;t too cyclical, then I use a combination of earnings, earnings growth, and P/E mean reversion to estimate future returns based on previous earnings growth and sentiment patterns. I take those expectations and apply them 10 years into the future, and then convert the results into an expected CAGR percentage. If the expected return is really good, I will buy the stock, and if it&#39;s really low, I will often sell the stock. In this article, I will take readers through each step of this process.</p><p>Importantly, once it is established that a business has a long history of relatively stable and predictable earnings growth, it doesn&#39;t really matter to me what the business does. If it consistently makes more money over the course of each economic cycle, that&#39;s what I care about the most.</p><p><img src=\"https://static.tigerbbs.com/bd2616262154bcd955f95bc22536731d\" tg-width=\"640\" tg-height=\"322\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>FAST Graphs</p><p>Over the past 20 years Microsoft has only experienced two years of EPS declines, once during the recession of 2009, when earnings fell -12% and once in 2013 when earnings fell a modest -7%. Every other year Microsoft has grown its earnings per share from one year to the next. I would categorize this as very low earnings cyclicality. Based on that, it is appropriate to use a fundamental analysis using earnings to value the stock, and that&#39;s what I&#39;ll do in this article. (If earnings had been more cyclical, I would use a different valuation technique.)</p><h3>Microsoft Stock -- Market Sentiment Return Expectations</h3><p>In order to estimate what sort of returns we might expect over the next 10 years, let&#39;s begin by examining what return we could expect 10 years from now if the P/E multiple were to revert to its mean from the previous economic cycle. For this, I&#39;m using a period that runs from 2015-2023.</p><p><img src=\"https://static.tigerbbs.com/d94dcdf085e19d4d955dded938282951\" tg-width=\"640\" tg-height=\"531\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>FAST Graphs</p><p>Microsoft&#39;s average P/E from 2015 to the present has been about 24.49 (the blue number circled in gold near the bottom of the FAST Graph). Using 2023&#39;s forward earnings estimates of $9.51 Microsoft has a current P/E of 23.82. If that 23.82 P/E were to revert to the average P/E of 24.49 over the course of the next 10 years and everything else was held the same, MSFT&#39;s price would rise and it would produce a 10-Year CAGR of<i>+0.31%.</i>That&#39;s the annual return we can expect from sentiment mean reversion if it takes 10 years to revert. If it takes less time to revert, the return would be higher.</p><h3>Business Earnings Expectations</h3><p>We previously examined what would happen if market sentiment reverted to the mean. This is entirely determined by the mood of the market and is quite often disconnected, or only loosely connected, to the performance of the actual business. In this section, we will examine the actual earnings of the business. The goal here is simple: We want to know how much money we would earn (expressed in the form of a CAGR %) over the course of 10 years if we bought the business at today&#39;s prices and kept all of the earnings for ourselves.</p><p>There are two main components of this: the first is the earnings yield and the second is the rate at which the earnings can be expected to grow. Let&#39;s start with the earnings yield (which is an inverted P/E ratio, so the Earnings/Price ratio). The current earnings yield is about +4.20%. The way I like to think about this is, if I bought the company&#39;s whole business right now for $100, I would earn $4.20 per year on my investment if earnings remained the same for the next 10 years.</p><p>The next step is to estimate the company&#39;s earnings growth during this time period. I do that by figuring out at what rate earnings grew during the last cycle and applying that rate to the next 10 years. This involves calculating the historical EPS growth rate, taking into account each year&#39;s EPS growth or decline, and then backing out any share buybacks that occurred over that time period (because reducing shares will increase the EPS due to fewer shares).</p><p><img src=\"https://static.tigerbbs.com/dc823ca5b80a2b444fcb0e0937e9d710\" tg-width=\"635\" tg-height=\"417\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Data by YCharts</p><p>Microsoft has reduced its shares outstanding by about 9% over this time period. I will make adjustments for these buybacks when calculating their earnings growth. After doing so, I get an estimated earnings growth rate for Microsoft during this period of +14.07%, which is very good. Because of my buyback adjustments that number is a little more conservative than FAST Graph&#39;s +15.72%, but it&#39;s worth noting that we never really had a &#34;true&#34; recession from 2015 to 2022 either, so I actually view my current estimate as a little on the optimistic side since Microsoft&#39;s earnings will probably experience at least some decline if we experience a recession, even if the decline is not super deep.</p><p>Next, I&#39;ll apply that growth rate to current earnings, looking forward 10 years in order to get a final 10-year CAGR estimate. The way I think about this is, if I bought Microsoft&#39;s whole business for $100, it would pay me back $4.20 plus +14.07% growth the first year, and that amount would grow at +14.07% per year for 10 years after that. I want to know how much money I would have in total at the end of 10 years on my $100 investment, which I calculate to be about $193.40 including the original $100. When I plug that growth into a CAGR calculator, that translates to a<i>+6.82%</i>10-year CAGR estimate for the expected business earnings returns.</p><h3>10-Year, Full-Cycle CAGR Estimate</h3><p>Potential future returns can come from two main places: market sentiment returns or business earnings returns. If we assume that market sentiment reverts to the mean from the last cycle over the next 10 years for Microsoft, it will produce a +0.31% CAGR. If the earnings yield and growth are similar to the last cycle, the company should produce somewhere around a +6.82% 10-year CAGR. If we put the two together, we get an expected 10-year, full-cycle CAGR of<i>+7.13%</i>at today&#39;s price.</p><p>My Buy/Sell/Hold range for this category of stocks is: above a 12% CAGR is a Buy, below a 4% expected CAGR is a Sell, and in between 4% and 12% is a Hold. A +7.13% expected CAGR makes Microsoft stock a &#34;Hold&#34; using these assumptions and means it&#39;s roughly fairly valued here.</p><p>Assuming the estimates for 2023 earnings don&#39;t change (and they might) the price at which Microsoft stock would cross the 12% 10-year CAGR threshold and become a &#34;Buy&#34; is $165.80 per share, which is about -26% lower than where the stock trades today.</p><h3>Recession Considerations</h3><p>So far, I don&#39;t think Microsoft&#39;s earnings expectations contain realistic recession estimates, but they do look to be at least reasonably close if we avoid a recession and earnings stagnate a bit while digesting the end of economic stimulus.</p><p><img src=\"https://static.tigerbbs.com/eade0d6871674075784b02a78ba5afcf\" tg-width=\"640\" tg-height=\"327\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>FAST Graphs</p><p>Currently, the market expects $9.51 of EPS for 2023. If the EPS growth trend of +13.87% leading into the pandemic stimulus would have continued without stimulus, we would have expected Microsoft to earn about $8.50 per share in 2023, which is a little bit lower than analysts expect right now, but at least in the same ballpark. What I expect to happen over the next three quarters is for analysts to lower their expectations from where they are now, down to something closer to $8.50. If that were to happen, it would lower my &#34;buy price&#34; down to about $148 per share, and this is probably my base case of what to expect in the first half of 2023. But since there is a pretty big distance between the current trading price and my current buy price, I probably have time to wait and see what the next earnings report looks like and get more information before making these adjustments to my buy price.</p><p>What I&#39;m not taking into account with that buy price are any earnings and stock price declines caused by an actual recession (rather than the stimulus earnings trend reverting to normal). A recession scenario<i>could</i>be a much more bearish scenario, so I feel obligated to share it.</p><p><img src=\"https://static.tigerbbs.com/a7883cb9bceb7a10ee04ca05dae0ae8e\" tg-width=\"640\" tg-height=\"322\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>FAST Graphs</p><p>If we go back to the Great Recession in 2008/9, leading into that recession Microsoft had a peak P/E ratio of about 23, and from peak to trough, the stock price fell about -60% off its highs even though EPS only declined -12% at its worst. At one point Microsoft traded at a P/E under 10. The potentially concerning part about the current downturn is that Microsoft&#39;s peak P/E was about 40, nearly double the 2007 peak P/E. This leaves room for a lot more multiple compression and downside price movement.</p><p><img src=\"https://static.tigerbbs.com/1e65a177086d233dba667f7c9b6da760\" tg-width=\"640\" tg-height=\"309\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>FAST Graph</p><p>In the forecasting graph above, I assumed a much more optimistic (and perhaps more reasonable) 15 P/E ratio for Microsoft in a recession and used the very generous EPS estimate of $9.51. This still resulted in a -50% drawdown from where the stock trades today. And, if earnings growth declines as I expect it to do, that would lower the expected price even more.</p><p>As I&#39;m sure many will point out, Microsoft is a different business than it was in 2007. And that&#39;s true. Additionally, even though I expect a recession in 2023, I don&#39;t yet expect it to be as bad as in 2008. But the assumptions above don&#39;t even assume an earnings decline and aren&#39;t nearly as pessimistic with the trough P/E as 2008 either. So, I just think it&#39;s important for Microsoft investors to know what is possible over the next year or two, and that because Microsoft was valued so richly going into this decline, the stock price could have a long way to fall and investors should be prepared for it. It&#39;s also worth noting that the current interest rate environment is much closer to that of 2008 than it is of 2020 as well.</p><h3>Conclusion</h3><p>Given what we know today about earnings expectations for 2023, my current buy price for Microsoft is $165.80, but I expect over the next several months for that buy price to fall down closer to $148.00 as earnings disappoint and the wider economy weakens in 2023. The $148.00 price has a relatively high chance of hitting, and I&#39;ll likely buy around there, but I will have no illusion that will necessarily be the bottom for the stock. If the recession is worse than expected the price could easily go lower, but with a business as high quality as Microsoft, I would hold through any additional downturn at that point because I have no doubt they will eventually recover.</p><p>An additional portfolio consideration is that I usually take 1% initial portfolio-weighted positions, and the last time I checked Microsoft was about a 5% weighting in the S&amp;P 500. If I bought at $148, and the price took a 2008-style dive deeper, I would feel comfortable adding a second 1% weighted Microsoft position even though it&#39;s not something I do very often. So, I view the $148 to $166 range of the next 3-4 months as having a very high probability of hitting and giving me a chance to add Microsoft to my portfolio at a decent price. But investors need to be aware the stock could go lower than that, and potentially be prepared to buy a second tranche if it does.</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>Here Is The Price I'll Start Buying Microsoft</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\">\nHere Is The Price I'll Start Buying Microsoft\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-04 16:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4552603-here-is-the-price-ill-start-buying-microsoft><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryMicrosoft stock has lost a third of its peak value and is now low enough to examine for potential purchase.In this article, I share my valuation process for Microsoft stock.I also share my ...</p>\n\n<a href=\"https://seekingalpha.com/article/4552603-here-is-the-price-ill-start-buying-microsoft\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软"},"source_url":"https://seekingalpha.com/article/4552603-here-is-the-price-ill-start-buying-microsoft","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1105116140","content_text":"SummaryMicrosoft stock has lost a third of its peak value and is now low enough to examine for potential purchase.In this article, I share my valuation process for Microsoft stock.I also share my thoughts about how a recession could affect the stock price and the price range I would consider adding the stock to my portfolio.My Valuation Method For MicrosoftThe valuation method I use for Microsoft first checks to see how cyclical earnings have been historically. Once it is determined that earnings aren't too cyclical, then I use a combination of earnings, earnings growth, and P/E mean reversion to estimate future returns based on previous earnings growth and sentiment patterns. I take those expectations and apply them 10 years into the future, and then convert the results into an expected CAGR percentage. If the expected return is really good, I will buy the stock, and if it's really low, I will often sell the stock. In this article, I will take readers through each step of this process.Importantly, once it is established that a business has a long history of relatively stable and predictable earnings growth, it doesn't really matter to me what the business does. If it consistently makes more money over the course of each economic cycle, that's what I care about the most.FAST GraphsOver the past 20 years Microsoft has only experienced two years of EPS declines, once during the recession of 2009, when earnings fell -12% and once in 2013 when earnings fell a modest -7%. Every other year Microsoft has grown its earnings per share from one year to the next. I would categorize this as very low earnings cyclicality. Based on that, it is appropriate to use a fundamental analysis using earnings to value the stock, and that's what I'll do in this article. (If earnings had been more cyclical, I would use a different valuation technique.)Microsoft Stock -- Market Sentiment Return ExpectationsIn order to estimate what sort of returns we might expect over the next 10 years, let's begin by examining what return we could expect 10 years from now if the P/E multiple were to revert to its mean from the previous economic cycle. For this, I'm using a period that runs from 2015-2023.FAST GraphsMicrosoft's average P/E from 2015 to the present has been about 24.49 (the blue number circled in gold near the bottom of the FAST Graph). Using 2023's forward earnings estimates of $9.51 Microsoft has a current P/E of 23.82. If that 23.82 P/E were to revert to the average P/E of 24.49 over the course of the next 10 years and everything else was held the same, MSFT's price would rise and it would produce a 10-Year CAGR of+0.31%.That's the annual return we can expect from sentiment mean reversion if it takes 10 years to revert. If it takes less time to revert, the return would be higher.Business Earnings ExpectationsWe previously examined what would happen if market sentiment reverted to the mean. This is entirely determined by the mood of the market and is quite often disconnected, or only loosely connected, to the performance of the actual business. In this section, we will examine the actual earnings of the business. The goal here is simple: We want to know how much money we would earn (expressed in the form of a CAGR %) over the course of 10 years if we bought the business at today's prices and kept all of the earnings for ourselves.There are two main components of this: the first is the earnings yield and the second is the rate at which the earnings can be expected to grow. Let's start with the earnings yield (which is an inverted P/E ratio, so the Earnings/Price ratio). The current earnings yield is about +4.20%. The way I like to think about this is, if I bought the company's whole business right now for $100, I would earn $4.20 per year on my investment if earnings remained the same for the next 10 years.The next step is to estimate the company's earnings growth during this time period. I do that by figuring out at what rate earnings grew during the last cycle and applying that rate to the next 10 years. This involves calculating the historical EPS growth rate, taking into account each year's EPS growth or decline, and then backing out any share buybacks that occurred over that time period (because reducing shares will increase the EPS due to fewer shares).Data by YChartsMicrosoft has reduced its shares outstanding by about 9% over this time period. I will make adjustments for these buybacks when calculating their earnings growth. After doing so, I get an estimated earnings growth rate for Microsoft during this period of +14.07%, which is very good. Because of my buyback adjustments that number is a little more conservative than FAST Graph's +15.72%, but it's worth noting that we never really had a \"true\" recession from 2015 to 2022 either, so I actually view my current estimate as a little on the optimistic side since Microsoft's earnings will probably experience at least some decline if we experience a recession, even if the decline is not super deep.Next, I'll apply that growth rate to current earnings, looking forward 10 years in order to get a final 10-year CAGR estimate. The way I think about this is, if I bought Microsoft's whole business for $100, it would pay me back $4.20 plus +14.07% growth the first year, and that amount would grow at +14.07% per year for 10 years after that. I want to know how much money I would have in total at the end of 10 years on my $100 investment, which I calculate to be about $193.40 including the original $100. When I plug that growth into a CAGR calculator, that translates to a+6.82%10-year CAGR estimate for the expected business earnings returns.10-Year, Full-Cycle CAGR EstimatePotential future returns can come from two main places: market sentiment returns or business earnings returns. If we assume that market sentiment reverts to the mean from the last cycle over the next 10 years for Microsoft, it will produce a +0.31% CAGR. If the earnings yield and growth are similar to the last cycle, the company should produce somewhere around a +6.82% 10-year CAGR. If we put the two together, we get an expected 10-year, full-cycle CAGR of+7.13%at today's price.My Buy/Sell/Hold range for this category of stocks is: above a 12% CAGR is a Buy, below a 4% expected CAGR is a Sell, and in between 4% and 12% is a Hold. A +7.13% expected CAGR makes Microsoft stock a \"Hold\" using these assumptions and means it's roughly fairly valued here.Assuming the estimates for 2023 earnings don't change (and they might) the price at which Microsoft stock would cross the 12% 10-year CAGR threshold and become a \"Buy\" is $165.80 per share, which is about -26% lower than where the stock trades today.Recession ConsiderationsSo far, I don't think Microsoft's earnings expectations contain realistic recession estimates, but they do look to be at least reasonably close if we avoid a recession and earnings stagnate a bit while digesting the end of economic stimulus.FAST GraphsCurrently, the market expects $9.51 of EPS for 2023. If the EPS growth trend of +13.87% leading into the pandemic stimulus would have continued without stimulus, we would have expected Microsoft to earn about $8.50 per share in 2023, which is a little bit lower than analysts expect right now, but at least in the same ballpark. What I expect to happen over the next three quarters is for analysts to lower their expectations from where they are now, down to something closer to $8.50. If that were to happen, it would lower my \"buy price\" down to about $148 per share, and this is probably my base case of what to expect in the first half of 2023. But since there is a pretty big distance between the current trading price and my current buy price, I probably have time to wait and see what the next earnings report looks like and get more information before making these adjustments to my buy price.What I'm not taking into account with that buy price are any earnings and stock price declines caused by an actual recession (rather than the stimulus earnings trend reverting to normal). A recession scenariocouldbe a much more bearish scenario, so I feel obligated to share it.FAST GraphsIf we go back to the Great Recession in 2008/9, leading into that recession Microsoft had a peak P/E ratio of about 23, and from peak to trough, the stock price fell about -60% off its highs even though EPS only declined -12% at its worst. At one point Microsoft traded at a P/E under 10. The potentially concerning part about the current downturn is that Microsoft's peak P/E was about 40, nearly double the 2007 peak P/E. This leaves room for a lot more multiple compression and downside price movement.FAST GraphIn the forecasting graph above, I assumed a much more optimistic (and perhaps more reasonable) 15 P/E ratio for Microsoft in a recession and used the very generous EPS estimate of $9.51. This still resulted in a -50% drawdown from where the stock trades today. And, if earnings growth declines as I expect it to do, that would lower the expected price even more.As I'm sure many will point out, Microsoft is a different business than it was in 2007. And that's true. Additionally, even though I expect a recession in 2023, I don't yet expect it to be as bad as in 2008. But the assumptions above don't even assume an earnings decline and aren't nearly as pessimistic with the trough P/E as 2008 either. So, I just think it's important for Microsoft investors to know what is possible over the next year or two, and that because Microsoft was valued so richly going into this decline, the stock price could have a long way to fall and investors should be prepared for it. It's also worth noting that the current interest rate environment is much closer to that of 2008 than it is of 2020 as well.ConclusionGiven what we know today about earnings expectations for 2023, my current buy price for Microsoft is $165.80, but I expect over the next several months for that buy price to fall down closer to $148.00 as earnings disappoint and the wider economy weakens in 2023. The $148.00 price has a relatively high chance of hitting, and I'll likely buy around there, but I will have no illusion that will necessarily be the bottom for the stock. If the recession is worse than expected the price could easily go lower, but with a business as high quality as Microsoft, I would hold through any additional downturn at that point because I have no doubt they will eventually recover.An additional portfolio consideration is that I usually take 1% initial portfolio-weighted positions, and the last time I checked Microsoft was about a 5% weighting in the S&P 500. If I bought at $148, and the price took a 2008-style dive deeper, I would feel comfortable adding a second 1% weighted Microsoft position even though it's not something I do very often. So, I view the $148 to $166 range of the next 3-4 months as having a very high probability of hitting and giving me a chance to add Microsoft to my portfolio at a decent price. But investors need to be aware the stock could go lower than that, and potentially be prepared to buy a second tranche if it does.","news_type":1},"isVote":1,"tweetType":1,"viewCount":467,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9984100023,"gmtCreate":1667550037762,"gmtModify":1676537936299,"author":{"id":"4127309136508732","authorId":"4127309136508732","name":"cky92","avatar":"https://community-static.tradeup.com/news/30bf8de6f8868dfb35bef0e86df9a12b","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4127309136508732","authorIdStr":"4127309136508732"},"themes":[],"htmlText":"Thanks for sharing&nbsp;","listText":"Thanks for sharing&nbsp;","text":"Thanks for sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9984100023","repostId":"1169878705","repostType":2,"repost":{"id":"1169878705","pubTimestamp":1667542749,"share":"https://ttm.financial/m/news/1169878705?lang=&edition=fundamental","pubTime":"2022-11-04 14:19","market":"us","language":"en","title":"Meta And Alphabet: Both Are Screaming Bargains, But One Is The Smarter Buy","url":"https://stock-news.laohu8.com/highlight/detail?id=1169878705","media":"seekingalpha","summary":"SummaryBoth META and GOOG have been crushed in recent weeks, as advertising has slowed along with th","content":"<html><head></head><body><h2>Summary</h2><ul><li>Both META and GOOG have been crushed in recent weeks, as advertising has slowed along with the economy.</li><li>META is 57% historically undervalued, trading at just 4.9X cash-adjusted earnings and a PEG of 0.32. It could deliver almost 60% annual returns through 2027, if Zuckerberg can deliver the expected growth.</li><li>Mark Zuckerberg has 55% voting power and is effectively the king of Meta, and no one on earth can stop him from spending $180 billion on the Metaverse.</li><li>There are currently 100 million VR users, spending $500 billion in the global metaverse. META has 1.6% market share and very few people are embracing Meta&#39;s vision. Reality Labs is the most expensive, speculative &#34;build it and they will come&#34; bet in history.</li><li>In contrast, GOOG is a global advertising dynamo with a 26% growing cloud business that&#39;s expected to be generating $9 billion in operating profit by 2027, years before Realty Labs MIGHT break even. GOOG is an AA-rated, Ultra SWAN (sleep well at night) blue-chip with 93rd percentile risk management according to S&amp;P. META has the potential for 4X returns in 5 years, but GOOG could nearly triple, and deliver 21% annual returns. Even though META and GOOG are both screaming buys, I consider GOOG the safer, less speculative, and smarter buy right now.</li><li>I do much more than just articles at The Dividend Kings: Members get access to model portfolios, regular updates, a chat room, and more.</li></ul><p><img src=\"https://static.tigerbbs.com/4fe52b994194e54b84e654197a9f5330\" tg-width=\"750\" tg-height=\"527\" referrerpolicy=\"no-referrer\"/></p><p>At some point, big tech was bound to start missing earnings, having grown too large to be immune from a slowing economy.</p><p>This earnings season that proved to be the case, with Microsoft (MSFT), Alphabet (NASDAQ:GOOG)(NASDAQ:GOOGL), Meta (NASDAQ:META) and Amazon (AMZN), all disappointing on earnings and/or guidance.</p><p>The results for the stock prices were ferocious and swift. Here were the peak declines right after missing earnings, including after hours.</p><ul><li>MSFT: -8% (the next day)</li><li>GOOG: -9% (the next day)</li><li>AMZN: -23% (after hours)</li><li>META: -27% (after-hours)</li></ul><p>All told $360 billion in market cap were wiped out last week, and the number would have been much larger had it not been for a two week bear market rally driven by technicals including yet another &#34;Fed pivot&#34; hopium rally.</p><p>When some of the world&#39;s biggest and best blue chips collapse, it naturally causes many investors to wonder if the investment thesis is broken or if it&#39;s a great chance to be &#34;greedy when others are fearful.&#34;</p><p>Several DK members have requested updates on these blue chips so today I want to take a look at META and GOOG to provide the best and most up-to-date fundamentals-focused analysis of each company&#39;s prospects.</p><p>So let&#39;s take a look at the good, bad, and ugly for META and GOOG to see why META might possibly be broken, while GOOG can still make you rich.</p><p>Let&#39;s start with META, the most troubled of the FAANG stocks.</p><p>Meta Platforms: A Potentially Wonderful Company At The Mercy Of A Mad King<img src=\"https://static.tigerbbs.com/94b7c077967965756e234a35664742a4\" tg-width=\"640\" tg-height=\"418\" referrerpolicy=\"no-referrer\"/></p><p>Ycharts</p><p>Mark Zuckerberg holds the title as the person responsible, at least in large part, for the second greatest decline in investor wealth in history, an impressive $800 billion.</p><ul><li>META is down 78% off its record highs</li></ul><p>This was the second 20%-plus single day crash for Meta,</p><p><img src=\"https://static.tigerbbs.com/706204351d633b8db7c62d0aa7eaa395\" tg-width=\"640\" tg-height=\"341\" referrerpolicy=\"no-referrer\"/></p><p>Bloomberg</p><p>Back in February, Meta became the first company in history to lose a quarter trillion in value in a single day.</p><p>This time the decline was about $60 billion owing to Meta having fallen to a $300 billion market cap.</p><p>Why did Wall Street gut Meta so ferociously?</p><p>Was it Meta&#39;s struggles to grow its global user base?</p><p><img src=\"https://static.tigerbbs.com/f84447a607d2353f7986396e76143f54\" tg-width=\"640\" tg-height=\"291\" referrerpolicy=\"no-referrer\"/></p><p>investor presentation</p><p>Not really. Total users are growing at a slow pace, but still growing and the percent of monthly users who are using Meta&#39;s platforms daily remains steady at 79%. What about sales?</p><p><img src=\"https://static.tigerbbs.com/06ac6fe99afe499d7c54249692ded889\" tg-width=\"640\" tg-height=\"300\" referrerpolicy=\"no-referrer\"/></p><p>investor presentation</p><p>While sales are down from last year, that&#39;s mostly due to the overall pullback in advertising spend and Q3 revenue was stable compared to Q1 and Q2.</p><p>What about revenue per family/user?</p><p><img src=\"https://static.tigerbbs.com/c18c27bea2158ab29ea17321b73bd226\" tg-width=\"640\" tg-height=\"284\" referrerpolicy=\"no-referrer\"/></p><p>investor presentation</p><p>That&#39;s been steady for two years now, which isn&#39;t great in terms of sales growth. But again, part of that is from the fact that global advertising is struggling right now.</p><p><img src=\"https://static.tigerbbs.com/493c782e7fe88c7d31ccbc5c125f2a63\" tg-width=\"640\" tg-height=\"627\" referrerpolicy=\"no-referrer\"/></p><p>Daily Shot</p><p>So what caused the market to freak out over META and send shares down as much as 27% in a matter of hours?</p><p><img src=\"https://static.tigerbbs.com/4311b4965b6c8f91931fc8f2cf0e140d\" tg-width=\"640\" tg-height=\"326\" referrerpolicy=\"no-referrer\"/></p><p>investor presentation</p><p>META has a big spending problem, almost doubling its growth spending on Reality Labs, its massive 10-year bet on the Metaverse.</p><p><img src=\"https://static.tigerbbs.com/6e2cd70c06797efd8d8e30e25fdbe8da\" tg-width=\"640\" tg-height=\"305\" referrerpolicy=\"no-referrer\"/></p><p>investor presentation</p><p>META&#39;s EPS has been hammered by spending at Reality Labs, and is now expected to decline 34% in 2022 and another 15% in 2023.</p><p>Why? Partially due to the 2023 recession the bond market now considers a 100% certainty.</p><p>But also because of this.</p><blockquote><b>We do anticipate that Reality Labs operating losses in 2023 will grow significantly year-over-year.</b>Beyond 2023, we expect to pace Reality Labs investments such that we can achieve our goal of growing overall company operating income in the long run.&#34; - Mark Zuckerberg, Q3 conference call (emphasis added)</blockquote><p>Last year META lost $10 billion on the Metaverse, and this year it&#39;s expected to lose even more. And per its CEO and founder, next year &#34;significantly more&#34; still.</p><p><img src=\"https://static.tigerbbs.com/f4e892aa9bb18f5f8d13a588dae8dd1e\" tg-width=\"640\" tg-height=\"168\" referrerpolicy=\"no-referrer\"/></p><p>FactSet Research Terminal</p><p>Based on Zuckerberg&#39;s comments about &#34;pacing&#34; spending beyond 2023 analysts expect capex to remain elevated by about 2X compared to before Meta changed its name and went all in on the Metaverse.</p><p>Mark Zuckerberg: The Mad King Is The Biggest Reason Meta Is A Speculative Blue Chip</p><p>Mark Zuckerberg holds 55% of voting power at META, thanks to his class B shares. Until now, that hasn&#39;t been a problem, even though he&#39;s been effectively the &#34;emperor&#34; of Facebook since the beginning.</p><p>But now that former COO Sheryl Sandberg, who built the META ad model into a free cash flow minting machine, has left? Well, it appears there&#39;s no one with the credibility in META&#39;s c-suite to stand up to the mad king and his potentially disastrous $100-plus billion boondoggle.</p><p>But isn&#39;t Zuckerberg a visionary? A mad genius who turned a simple and what many thought was a stupid idea into a formerly $1.1 trillion company?</p><p>Yes, but there&#39;s a fine line between genius and madness and Zuckerberg is potentially on the wrong side of it. Why?</p><p><img src=\"https://static.tigerbbs.com/b8c05494f0e487fb3a61b3f300f45626\" tg-width=\"640\" tg-height=\"623\" referrerpolicy=\"no-referrer\"/></p><p>Statista</p><p>The potential market for VR in general is about 100 million people today and that&#39;s expected to grow to about 130 million by 2027.</p><p>META is struggling to grow its user base beyond its current 3 billion, because it&#39;s largely saturated its addressable market of Internet-0connected people around the world.</p><p>Zuckerberg has a grand vision of a Meta, controlled Metaverse, a digital world in which we all wear VR goggles and live second lives online.</p><p><img src=\"https://static.tigerbbs.com/d11876b87180b39c2b209e00ea94ac32\" tg-width=\"640\" tg-height=\"383\" referrerpolicy=\"no-referrer\"/></p><p>Engadget</p><p>Meta&#39;s &#34;significantly higher losses&#34; in Reality Labs next year is due to launching the Quest Pro, a $1,500 VR headset that costs 5X more than the Quest 2 headset.</p><p>META&#39;s timing on the Metaverse literally came at the worst possible time.</p><ul><li>the company pivoted to massive spending on new and untested tech that it admits might not make money for 10 years.</li><li>just as the speculative tech bubble burst</li><li>and now is launching a $1500 VR headset that costs more than an iPhone during a recession</li><li>today even Apple is starting to struggle with iPhone sales</li><li>and the Quest Pro is much less useful or desirable than an iPhone</li></ul><p>And I&#39;m not the only one skeptical of Meta&#39;s giant pivot into a sci-fi future.</p><p><img src=\"https://static.tigerbbs.com/ab726475339a2554c9db03d4b123b08a\" tg-width=\"640\" tg-height=\"201\" referrerpolicy=\"no-referrer\"/></p><p>FactSet Research Terminal</p><p>Reality Labs revenue was about $721 million in 2021 and growing at 9% annually in recent years.</p><ul><li>not exactly a thrilling level of growth</li></ul><p>That grow rate isn&#39;t expected to improve until 2025, and even by 2027, when Metaverse revenue is expected to double, it&#39;s expected to total $2.8 billion, just over 1% of the company&#39;s sales.</p><p>All while generating $20.3 billion in operating losses, by 2025.</p><p>Reality Labs was founded in 2021, when Meta changed its name and its mission.</p><ul><li>$79.5 billion in cumulative operating losses through 2025</li><li>with no signs of declining annual losses, much less profits</li></ul><p>Zuckerberg is either crazy or a genius, and so far all the evidence points to crazy.</p><ul><li>Potentially $180 to $200 billion in Metaverse losses by 2030 if they keep burning $20 billion after 2025</li></ul><p>But what if Zuckerberg is a Steve Jobs style genius? Jobs famously said that you often can&#39;t ask customers what they want in a product, because true innovation is so revolutionary they don&#39;t know they want it.</p><blockquote><i>If I</i>had<i>asked</i>people what they wanted, they would have said faster horses.” - Henry Ford</blockquote><p>How many people were excited about the iPod when it was introduced in 2001? It was just a better, sleeker, and cooler MP3 player. And yet it transformed Apple into a cash flow machine.</p><p>And then gave Steve Jobs the credibility and &#34;reality distortion field&#34; to change the world with the iPhone.</p><p>In other words, truly revolutionary change requires a &#34;build it and they will come&#34; mindset. At least that&#39;s how Mark Zuckerberg is spinning his $200 billion bet.</p><p>The difference between Zuckerberg and Henry Ford and Steve Jobs is that neither of them risked even a fraction of the money Zuckerberg is planning on.</p><p>For what&#39;s objectively a very speculative bet.</p><p>For every 10 mad geniuses trying to change the world with their inventions, nine of them fail. And none of them have ever had the resources or power of Mark Zuckerberg, the mad king of Facebook.</p><p>It Wasn&#39;t All Bad</p><blockquote>Our positive takeaways from Meta’s results were that the network effect remains intact given the firm’s encouraging user count and engagement metrics, which we think position Meta to accelerate revenue growth in late 2023, with the assumption that macro uncertainty eases.</blockquote><blockquote>In addition, Reels is creating incremental engagement time per user and has also displayed early signs of high monetization potential. Plus, the firm continues to invest in enhancing its ad measurement capabilities while adding new advertising options for businesses, which we think will further drive a turnaround.&#34; - Morningstar</blockquote><p>META has been very badly hurt by Apple&#39;s change in private policy, which automatically blocks data tracking unless users specifically opt-in. Just 25% of iOS users have opted in and that number appears to be stable but not improving.</p><p><img src=\"https://static.tigerbbs.com/f10a5a150ede879f1ebd43fb55d4fb8d\" tg-width=\"640\" tg-height=\"287\" referrerpolicy=\"no-referrer\"/></p><p>Statista</p><p>iPhone has 55% market share in the US, the most lucrative digital ad market in the world. This means that with this single privacy policy change, social media companies saw their user data collapse by 42% and it might never be coming back.</p><p>META, GOOG, and AMZN are the three giants of digital advertising, and each one is hurt to a different degree by this privacy policy change.</p><ul><li>META most of all</li><li>GOOG less so because it has alternative data sources (more than 7 services with over 1 billion global users)</li><li>AMZN least of all because its ad-algos are mostly running on its own proprietary data</li></ul><p><img src=\"https://static.tigerbbs.com/0dd8dea4f3c18e533cf6877b3017340f\" tg-width=\"640\" tg-height=\"227\" referrerpolicy=\"no-referrer\"/></p><p>FactSet Research Terminal</p><p>Meta&#39;suser baseis expected to grow slowly over time, but the 58 analysts that cover META (more than any other company on Wall Street) don&#39;t believe the Social Media king is dying.</p><p>Average revenue per user is also expected to recover once the recession is over, though grow by just a modest 15% by 2025.</p><p>And<b>free cash flow, which has been cut in half in the last 12 months, is expected to nearly triple to $43 billion by 2027.</b></p><p>And thanks to a much lower market cap,<b>Meta&#39;s consensus buybacks of $93 billion from 2023 to 2027</b>could buy back a lot of stock.</p><ul><li>34% of shares at current valuations</li><li>up to 10% of shares each year</li></ul><p>And what about Meta&#39;s growth prospects after it gets past the 2023 recession and this painful pivot to the Metaverse?</p><table><tbody><tr><td><b>Investment Strategy</b></td><td><b>Yield</b></td><td><b>LT Consensus Growth</b></td><td><b>LT Consensus Total Return Potential</b></td><td><b>Long-Term Risk-Adjusted Expected Return</b></td><td><b>Long-Term Inflation And Risk-Adjusted Expected Returns</b></td><td><b>Years To Double Your Inflation &amp; Risk-Adjusted Wealth</b></td><td><p><b>10-Year Inflation And Risk-Adjusted Expected Return</b></p></td></tr><tr><td><b>Meta Platforms</b></td><td><b>0%</b></td><td><b>15.3%</b></td><td><b>15.3%</b></td><td><b>10.7%</b></td><td><b>8.4%</b></td><td><b>8.5</b></td><td><b>2.25</b></td></tr><tr><td>Nasdaq</td><td>0.8%</td><td>11.5%</td><td>12.3%</td><td>8.6%</td><td>6.3%</td><td>11.4</td><td>1.85</td></tr><tr><td>Schwab US Dividend Equity ETF</td><td>3.6%</td><td>8.5%</td><td>12.1%</td><td>8.4%</td><td>6.2%</td><td>11.7</td><td>1.82</td></tr><tr><td>Dividend Aristocrats</td><td>2.6%</td><td>8.5%</td><td>11.1%</td><td>7.8%</td><td>5.5%</td><td>13.1</td><td>1.71</td></tr><tr><td><b>Alphabet</b></td><td><b>0.0%</b></td><td><b>11.1%</b></td><td><b>11.1%</b></td><td><b>7.8%</b></td><td><b>5.5%</b></td><td><b>13.1</b></td><td><b>1.71</b></td></tr><tr><td>S&amp;P 500</td><td>1.8%</td><td>8.5%</td><td>10.3%</td><td>7.2%</td><td>4.9%</td><td>14.6</td><td>1.62</td></tr></tbody></table><p><i>(Sources: DK Research Terminal, FactSet, Ycharts, Morningstar)</i></p><p>Analysts remain bullish on META, far more so than Alphabet in fact, expecting META to potentially deliver 15.3% long-term returns while GOOG is expected to match the aristocrats and modestly beat the S&amp;P over time.</p><p>And that doesn&#39;t include valuation, and there&#39;s no question that at 4.9X cash adjusted trough 2023 earnings, META is trading at a fire sale price.</p><p>Meta Is A Screaming Buy... If You Trust Zuckerberg&#39;s Vision</p><table><tbody><tr><td><b>Metric</b></td><td><b>Historical Fair Value Multiples (8-Years)</b></td><td><b>2021</b></td><td><b>2022</b></td><td><b>2023</b></td><td><b>2024</b></td><td><b>2025</b></td><td><p><b>12-Month Forward Fair Value</b></p></td></tr><tr><td>Earnings</td><td>26.84</td><td>$369.59</td><td>$224.38</td><td>$224.38</td><td>$286.92</td><td>$364.22</td></tr><tr><td>Average</td><td>$369.59</td><td>$224.38</td><td>$224.38</td><td>$286.92</td><td>$364.22</td><td><b>$224.38</b></td></tr><tr><td>Current Price</td><td>$94.82</td></tr><tr><td><p>Discount To Fair Value</p></td><td>74.34%</td><td>57.74%</td><td>57.74%</td><td>66.95%</td><td>73.97%</td><td><b>57.74%</b></td></tr><tr><td>Upside To Fair Value</td><td>289.78%</td><td>136.64%</td><td>136.64%</td><td>202.59%</td><td>284.12%</td><td><b>136.64%</b></td></tr><tr><td>2022 EPS</td><td>2023 EPS</td><td>2022 Weighted EPS</td><td>2023 Weighted EPS</td><td>12-Month Forward EPS</td><td><i><b>12-Month Average Fair Value Forward PE</b></i></td><td><i><b>Current Forward PE</b></i></td><td><p><i><b>Current Forward Cash-Adjusted PE</b></i></p></td></tr><tr><td>$8.36</td><td>$8.36</td><td>$1.13</td><td>$7.23</td><td>$8.36</td><td><i><b>26.8</b></i></td><td><i><b>11.3</b></i></td><td><i><b>4.9</b></i></td></tr></tbody></table><p>IF META does grow at 15% over time, then historically it&#39;s worth about 27X earnings and today it trades at 11.3, and just 4.9X cash-adjusted earnings.</p><ul><li>a bargain by even private equity standards</li></ul><p>Its PEG ratio is 0.32, hyper-growth (potentially) at an absurdly wonderful price.</p><p>Meta 2024 Consensus Total Return Potential<img src=\"https://static.tigerbbs.com/62054bc6735d5b3012c6d1da25de4e92\" tg-width=\"640\" tg-height=\"278\" referrerpolicy=\"no-referrer\"/></p><p>(Source: FAST Graphs, FactSet)</p><p>If META can grow as expected and return to market-determined fair value consistent with its expected growth rate, then within two years it could nearly triple, delivering 63% annual returns.</p><ul><li>about 6X more than the S&amp;P 500</li></ul><p>Meta 2027 Consensus Total Return Potential<img src=\"https://static.tigerbbs.com/2b8d1f772339dbea925e58d0134800da\" tg-width=\"640\" tg-height=\"304\" referrerpolicy=\"no-referrer\"/></p><p>(Source: FAST Graphs, FactSet)</p><p>META has Amazon like return potential over the next five year, IF the turnaround is successful.</p><ul><li>326% consensus return potential through 2027</li><li>32% CAGR</li><li>about 7X more than the S&amp;P 500</li></ul><p>Meta Investment Decision Tool<img src=\"https://static.tigerbbs.com/4e9bd4292ef2e7e5731cd633b4998777\" tg-width=\"640\" tg-height=\"248\" referrerpolicy=\"no-referrer\"/></p><p>DK</p><p><img src=\"https://static.tigerbbs.com/0937d49464fcb7f2e82aaaf59250190b\" tg-width=\"640\" tg-height=\"315\" referrerpolicy=\"no-referrer\"/></p><p>(Source: Dividend Kings Automated Investment Decision Tool)</p><p><i>(Source: Dividend Kings Automated Investment Decision Tool)</i></p><p>META is as close to a perfect<i>speculative</i>hyper-growth blue-chip opportunity as exists on Wall Street for anyone comfortable with its risk profile. Look at how it compares to the S&amp;P 500.</p><ul><li><b>57% discount to fair value vs. 2% S&amp;P = 55% better valuation</b></li><li><b>almost 50% better long-term annual return potential</b></li><li><b>about 4X higher risk-adjusted expected returns</b></li></ul><p>Alphabet: One Of The World&#39;s Best Growth Blue-Chips Is Doing Just Fine</p><p>Bottom line up front, GOOG is a far safer and better run company than Meta.</p><table><tbody><tr><td><b>Company</b></td><td><b>Meta Platforms</b></td><td><b>Alphabet</b></td><td><b>META Wins</b></td><td><b>GOOG Wins</b></td></tr><tr><td>LT Growth Consensus</td><td><b>15.3%</b></td><td>11.1%</td><td>1</td></tr><tr><td>Total Return Potential</td><td><b>15.3%</b></td><td>11.1%</td><td>1</td></tr><tr><td>LT Risk-Adjusted Expected Return</td><td><b>10.7%</b></td><td>7.7%</td><td>1</td></tr><tr><td>Inflation &amp; Risk-Adjusted Expected Return</td><td><b>8.4%</b></td><td>5.5%</td><td>1</td></tr><tr><td>Years To Double</td><td><b>8.5</b></td><td>13.0</td><td>1</td></tr><tr><td>Historical Total Return</td><td>11.6%</td><td><b>19.8%</b></td><td>1</td></tr><tr><td>12-Month Consensus Total Return Potential</td><td><b>68%</b></td><td>40%</td><td>1</td></tr><tr><td>12-Month Fundamentally Justified Total Return Potential</td><td><b>137%</b></td><td>47%</td><td>1</td></tr><tr><td>5-Year Consensus Return Potential</td><td><b>29% to 45%</b></td><td>19% to 21%</td><td>1</td></tr><tr><td>Discount To Fair Value</td><td><b>57%</b></td><td>32%</td><td>1</td></tr><tr><td>Cash-Adjusted PE</td><td><b>4.9</b></td><td>9.7</td><td>1</td></tr><tr><td>DK Rating</td><td><b>Ultra Value Buy</b></td><td>Very Strong Buy</td><td>1</td></tr><tr><td>Dividend King&#39;s Automatic Investment Decision Score</td><td><b>100% A+ Excellent</b></td><td><b>100% A+ Excellent</b></td><td>1</td><td>1</td></tr><tr><td>Quality Score</td><td>84%</td><td><b>97%</b></td><td>1</td></tr><tr><td>Safety Score</td><td><b>100%</b></td><td><b>100%</b></td><td>1</td><td>1</td></tr><tr><td>Dependability Score</td><td>67%</td><td><b>94%</b></td><td>1</td></tr><tr><td>S&amp;P LT Risk Management Global Percentile</td><td>63% Above-Average, Low Risk</td><td><b>93% Exceptional (Very Low Risk)</b></td><td>1</td></tr><tr><td>Credit Rating</td><td>AA- Stable</td><td><b>AA+ Stable</b></td><td>1</td></tr><tr><td>30-Year Bankruptcy Risk</td><td>0.55%</td><td><b>0.29%</b></td><td>1</td></tr><tr><td>Return On Capital (12-Months)</td><td>46%</td><td><b>68%</b></td><td>1</td></tr><tr><td>Return On Capital Industry Percentile</td><td>60%</td><td><b>64%</b></td><td>1</td></tr><tr><td>Return On Capital (13-Year Median)</td><td>95%</td><td><b>74%</b></td><td>1</td></tr><tr><td>Return On Capital (5-Year trend)</td><td>-16%</td><td><b>-1.0%</b></td><td>1</td></tr><tr><td><b>Sum</b></td><td><b>14</b></td><td><b>11</b></td></tr></tbody></table><p><i>(Source: DK Zen Research Terminal)</i></p><p>Meta is the better value, BUT only if you are comfortable with its speculative nature and risk profile.</p><p>Mad king Mark is running the show and if he wants to run it straight into the ground you have no say in the matter.</p><p>META&#39;s AA-stable credit rating is excellent, but GOOG&#39;s AA+ stable rating is slightly better, with just 0.29% 30-year bankruptcy risk according to S&amp;P.</p><p>META&#39;s 68th S&amp;P long-term risk management percentile is above-average bordering on good, indicating low risk.</p><p>But GOOG&#39;s 93rd percentile risk management is exceptional, indicating a very low risk, and you don&#39;t have to worry about a CEO king who for now looks to have lost his mind.</p><p>GOOG&#39;s historical profitability is superior to META&#39;s, and its wide moat has been far more stable in recent years.</p><p><img src=\"https://static.tigerbbs.com/43f1ca84d4462833213817298e24e113\" tg-width=\"640\" tg-height=\"570\" referrerpolicy=\"no-referrer\"/></p><p>Daily Shot</p><p>And YouTube, the crown jewel in GOOG&#39;s social media crown, is far more popular with young people than Facebook or Instagram.</p><p><img src=\"https://static.tigerbbs.com/0a1a3b04fa6ad74bec76f543d4b551bc\" tg-width=\"640\" tg-height=\"463\" referrerpolicy=\"no-referrer\"/></p><p>FactSet Research Terminal</p><p>And unlike META, which is 100% reliant on advertising, GOOG is a far more diversified company.</p><ul><li>its #4 in Cloud Computing</li></ul><p>GOOG&#39;s &#34;other bets&#34; it&#39;s moonshot programs, are expected to have $2.8 billion in sales in 2027, just like Reality Labs. The only difference is that GOOG spends about $3.2 billion annually on other bets, and that part of the GOOG empire could be worth$50 billion.</p><p>Or to put it another way, META is spending 4X as much money on Reality Labs as GOOG is on Other Bets, and GOOG plans to cut back on that spending in the next year. META plans to increase its spending by about 20%.</p><p>GOOG has so far lost $27 billion on Other Bets, searching for its next world-beater business. META plans to potentially lose $200 billion or 8X as much, on Reality Labs, and for a business model that so far only 100 million people say they are interested in using.</p><ul><li>100 million global VR users, not META VR users</li></ul><p><img src=\"https://static.tigerbbs.com/259efcc5572a42720a588533421b02fc\" tg-width=\"640\" tg-height=\"399\" referrerpolicy=\"no-referrer\"/></p><p>Daily Shot</p><p>GOOG Cloud is a fast growing business. It&#39;s not yet profitable but is expected to become profitable in 2025, a year when META is expected to lose over $20 billion on Reality Labs.</p><p>By 2027 analysts expect Google Cloud to be generating $76 billion in sales (vs $2.8 billion for Reality Labs) and converting that into $9.3 billion in operating income.</p><p>In other words, Google Cloud is a 26% CAGR growing business that&#39;s expected to be minting money far faster than Reality Labs, assuming the Metaverse ever achieves profitability for META.</p><p><img src=\"https://static.tigerbbs.com/46de34fc9eecf6693ab7b75e73afab83\" tg-width=\"640\" tg-height=\"346\" referrerpolicy=\"no-referrer\"/></p><p>IOT Analytics</p><p>And unlike the Metaverse which is expected to have 130 million users (maybe) by 2027, cloud computing is a proven industry, growing at 15% per year and which could become a $2 trillion to $10 trillion industry by 2030.</p><blockquote><b>The global Metaverse revenue opportunity could approach $800 billion in 2024 vs. about $500 billion in 2020</b>, based on our analysis and Newzoo, IDC, PWC, Statista and Two Circles data. The primary market for online game makers and gaming hardware may exceed $400 billion in 2024 while opportunities in live entertainment and social media make up the remainder.&#34; -Bloomberg</blockquote><p>Now in fairness to Mr. Zuckerberg and fans of the Metaverse, the Metaverse is already a $500 billion global market. But that&#39;s 80% gaming which META is getting only a small handful off.</p><ul><li>META&#39;s market share in the Metaverse is currently 1.6%</li></ul><p>In other words, with Alphabet the big growth driver is a 26% growing business in a bigger and proven model.</p><p>GOOG&#39;s ability to generate meaningful cash flow from cloud is not speculative, just look at how AWS and Azure are minting money for AMZN and MSFT.</p><p>And speaking of cash flow.</p><p><img src=\"https://static.tigerbbs.com/e44d44de216c22eb1bb6c72a5bdcb469\" tg-width=\"640\" tg-height=\"166\" referrerpolicy=\"no-referrer\"/></p><p>FactSet Research Terminal</p><p>While META&#39;s FCF is expected to get cut in half to $16 billion in 2022, GOOG&#39;s is expected to remain stable at $68 billion.</p><p>In 2027 META is expected to generate a solid $43 billion in FCF. But GOOG is expected to generate $159 billion, the most in human corporate history.</p><p>2027 FCF Consensus Forecasts:</p><ol><li>GOOG: $159 billion</li><li>AAPL: $155 billion</li><li>AMZN: $137 billion</li><li>MSFT: $101 billion</li><li>META: $43 billion</li></ol><p>And while META is expected to buy back a very healthy $93 billion in stock in the coming years, GOOG is expected to spend $365 billion between 2023 and 2027.</p><p>In fact, in 2027 alone GOOG&#39;s consensus buybacks of $92 billion is as much as analysts expect META to spend over the next four years combined.</p><p>Alphabet Valuation: Potentially A Very Strong Buy And Close To An Ultra Value Buy</p><blockquote>Alphabet reported disappointing third-quarter results as revenue growth decelerated further, driven by the stronger dollar and economic uncertainty, which is increasing hesitancy in ad spending. Assuming less uncertainty in the macroeconomic environment, plus the monetization of YouTube Shorts, we expect advertising revenue growth to return to double-digit levels in 2023. Unlike advertising, the cloud business maintained impressive growth.&#34; - Morningstar</blockquote><p>GOOG&#39;s 9% plunge post-earnings was purely for cyclical reasons, nothing to do with its core business. Advertisers are pulling back due to the slowing economy and coming recession.</p><p>Nothing about GOOG&#39;s fundamental core business is broken, unlike META which has chosen to make a $200 billion speculative pivot.</p><ul><li>GOOG is not a turnaround story (20% or less max risk cap rec)</li><li>META is a turnaround story (2.5% or less max risk cap rec)</li></ul><blockquote>YouTube Shorts has already reached 1.5 billion monthly active viewers, reducing fears that Tok-Tok is hurting the business. With the strong network effect present on YouTube, the strength of Google search, and the firm’s ad-tech powered measuring capabilities, Google’s ad revenue miss wasn’t significantly due to Apple privacy changes either.&#34; - Morningstar</blockquote><p>While META is struggling to compete with Tok-Tok (and losing for now), GOOG&#39;s YouTube is holding its own.</p><p>And while META&#39;s user data feed was gutted by Apple&#39;s privacy change, GOOG was barely affected at all.</p><ul><li>GMAIL has almost 2 billion global users</li><li>4.3 billion people use Google Search</li><li>GOOG has over seven services with over 1 billion users.</li></ul><p>This is how GOOG is able to replace that user data that META can&#39;t.</p><p>And the more Google Cloud grows, the more data of all kinds it will have to improve its algorithms even faster.</p><p>META has no plans for cloud computing, and no way to increase its user data feed, unless everyone buys into its Metaverse vision.</p><ul><li>the most passionate Metaverse advocates hate META with a passion</li><li>they view Zuckerberg&#39;s vision as a &#34;Ready Player One&#34; style dystopia</li></ul><p>So with GOOG you have a more diversified and better run business, with far better long-term risk-management according to S&amp;P.</p><p>You have a clear path to growth and far less execution risk than what META faces.</p><p>And most of all, you don&#39;t have a single person who reigns over the company as a potentially mad god king who no one can stop from running into the ground, which is the largest risk to META today.</p><p>Alphabet: A Wonderful Company At A Wonderful Price</p><table><tbody><tr><td><b>Metric</b></td><td><b>Historical Fair Value Multiples (all years)</b></td><td><b>2021</b></td><td><b>2022</b></td><td><b>2023</b></td><td><b>2024</b></td><td><b>2025</b></td><td><b>12-Month Forward Fair Value</b></td></tr><tr><td>Earnings</td><td>25.79</td><td>$144.68</td><td>$122.76</td><td>$138.75</td><td>$163.25</td><td>$196.26</td></tr><tr><td>Average</td><td>$144.68</td><td>$122.76</td><td>$138.75</td><td>$163.25</td><td>$196.26</td><td><b>$136.60</b></td></tr><tr><td>Current Price</td><td>$92.11</td></tr><tr><td><p>Discount To Fair Value</p></td><td>36.34%</td><td>24.97%</td><td>33.61%</td><td>43.58%</td><td>53.07%</td><td><b>32.57%</b></td></tr><tr><td>Upside To Fair Value</td><td>57.08%</td><td>33.28%</td><td>50.64%</td><td>77.23%</td><td>113.07%</td><td><b>48.30%</b></td></tr><tr><td>2022 EPS</td><td>2023 EPS</td><td>2022 Weighted EPS</td><td>2023 Weighted EPS</td><td>12-Month Forward PE</td><td><i><b>12-Month Average Fair Value Forward PE</b></i></td><td><i><b>Current Forward PE</b></i></td><td><p><i><b>Current Forward Cash-Adjusted PE</b></i></p></td></tr><tr><td>$4.76</td><td>$5.38</td><td>$0.64</td><td>$4.66</td><td>$5.30</td><td><i><b>25.8</b></i></td><td><i><b>17.4</b></i></td><td><i><b>9.8</b></i></td></tr></tbody></table><p>GOOG has historically been valued by billions of investors at about 26X earnings, even when it was growing at 4%.</p><p>Thus I&#39;m confident that GOOG growing at 11% (those estimates might increase post-recession) is still worth about 26X earnings.</p><p>Today GOOG trades at 17.4X earnings, but just 9.8X cash-adjusted earnings.</p><ul><li>a PEG of 0.88</li><li>growth at a reasonable price, and in an AA-rated Ultra-SWAN quality 93rd percentile risk management package</li></ul><p>Alphabet 2024 Consensus Total Return Potential<img src=\"https://static.tigerbbs.com/23868f3dfc1869c9442f0ad0672d2a09\" tg-width=\"640\" tg-height=\"280\" referrerpolicy=\"no-referrer\"/></p><p>(Source: FAST Graphs, FactSet Research)</p><p>If GOOG grows as expected and returns to historical fair value, it could deliver 73% returns, or 29% CAGR.</p><ul><li>more than 2X greater than the S&amp;P 500</li></ul><p>Alphabet 2027 Consensus Total Return Potential<img src=\"https://static.tigerbbs.com/6c3e07e1e806a11b6863540e10944c6e\" tg-width=\"640\" tg-height=\"287\" referrerpolicy=\"no-referrer\"/></p><p>(Source: FAST Graphs, FactSet Research)</p><p>If GOOG grows as expected through 2027 it could deliver 165% total returns, or 21% CAGR.</p><ul><li>Buffett-like returns from a blue-chip bargain hiding in plain sight</li><li>about 2.5X more than the S&amp;P 500</li><li><b>19% to 21% CAGR consensus return potential range</b></li></ul><p>GOOG Corp Investment Decision Tool<img src=\"https://static.tigerbbs.com/4e9bd4292ef2e7e5731cd633b4998777\" tg-width=\"640\" tg-height=\"248\" referrerpolicy=\"no-referrer\"/></p><p>DK</p><p><img src=\"https://static.tigerbbs.com/6470c914e395e501c75702109cc80d34\" tg-width=\"640\" tg-height=\"314\" referrerpolicy=\"no-referrer\"/></p><p>(Source: Dividend Kings Automated Investment Decision Tool)</p><p>GOOG is as close to a perfect growth blue-chip opportunity as exists on Wall Street for anyone comfortable with its risk profile. Look at how it compares to the S&amp;P 500.</p><ul><li><b>32% discount to fair value vs. 2% S&amp;P = 30% better valuation</b></li><li><b>10% better long-term annual return potential (but with far better safety, quality, and risk-management)</b></li><li><b>about 2X higher risk-adjusted expected returns</b></li></ul><p>Bottom Line: Both META And Alphabet Are Screaming Bargains But The Mad King Zuckerberg Makes GOOG The Smarter, Safer, And Less Speculative Buy Today</p><p>META has become cheap for a good reason, the speculative turnaround plan that CEO/King Zuckerberg has doubled down on.</p><p>I&#39;m personally skeptical that Reality Labs will pay off big, and expect that META will pivot and significantly reduce its spending plans on the Metaverse.</p><p>That&#39;s why I still own the stock, though just a 1% position (2.5% OR LESS is the max recommended position size).</p><p>In contrast, GOOG, while not as undervalued, is also a higher-quality, more diversified, and stronger company in terms of balance sheet and free cash flow generation.</p><p>It&#39;s 93rd percentile risk management and AA+ stable credit rating are a testament to it being one of the greatest world-beaters in existence.</p><p>And with its big growth plan being Google Cloud, a 26% growing business with a $2 trillion addressable market and clear path to profitability, I consider GOOG the safer, less speculative, and smarter investment today.</p><p>Both META and GOOG could make you Buffett-like returns over the next five years, if they grow as expected. But with GOOG I&#39;m a lot more confident that GOOG won&#39;t just meet growth forecasts, but potentially exceed them by a wide margin.</p><p>With META? Well, it&#39;s ride or die with mad king Zuckerberg, and his Ford/Jobs like strategy of &#34;if you build it they will come.&#34; I join with all META shareholders in hoping that king Zuckerberg will spend a lot less than $180 billion on testing his theory and bringing his vision to life.</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>Meta And Alphabet: Both Are Screaming Bargains, But One Is The Smarter Buy</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\">\nMeta And Alphabet: Both Are Screaming Bargains, But One Is The Smarter Buy\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-04 14:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4551990-meta-alphabet-are-bargains-but-one-is-smarter-buy><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryBoth META and GOOG have been crushed in recent weeks, as advertising has slowed along with the economy.META is 57% historically undervalued, trading at just 4.9X cash-adjusted earnings and a ...</p>\n\n<a href=\"https://seekingalpha.com/article/4551990-meta-alphabet-are-bargains-but-one-is-smarter-buy\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"META":"Meta Platforms, Inc.","GOOGL":"谷歌A"},"source_url":"https://seekingalpha.com/article/4551990-meta-alphabet-are-bargains-but-one-is-smarter-buy","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1169878705","content_text":"SummaryBoth META and GOOG have been crushed in recent weeks, as advertising has slowed along with the economy.META is 57% historically undervalued, trading at just 4.9X cash-adjusted earnings and a PEG of 0.32. It could deliver almost 60% annual returns through 2027, if Zuckerberg can deliver the expected growth.Mark Zuckerberg has 55% voting power and is effectively the king of Meta, and no one on earth can stop him from spending $180 billion on the Metaverse.There are currently 100 million VR users, spending $500 billion in the global metaverse. META has 1.6% market share and very few people are embracing Meta's vision. Reality Labs is the most expensive, speculative \"build it and they will come\" bet in history.In contrast, GOOG is a global advertising dynamo with a 26% growing cloud business that's expected to be generating $9 billion in operating profit by 2027, years before Realty Labs MIGHT break even. GOOG is an AA-rated, Ultra SWAN (sleep well at night) blue-chip with 93rd percentile risk management according to S&P. META has the potential for 4X returns in 5 years, but GOOG could nearly triple, and deliver 21% annual returns. Even though META and GOOG are both screaming buys, I consider GOOG the safer, less speculative, and smarter buy right now.I do much more than just articles at The Dividend Kings: Members get access to model portfolios, regular updates, a chat room, and more.At some point, big tech was bound to start missing earnings, having grown too large to be immune from a slowing economy.This earnings season that proved to be the case, with Microsoft (MSFT), Alphabet (NASDAQ:GOOG)(NASDAQ:GOOGL), Meta (NASDAQ:META) and Amazon (AMZN), all disappointing on earnings and/or guidance.The results for the stock prices were ferocious and swift. Here were the peak declines right after missing earnings, including after hours.MSFT: -8% (the next day)GOOG: -9% (the next day)AMZN: -23% (after hours)META: -27% (after-hours)All told $360 billion in market cap were wiped out last week, and the number would have been much larger had it not been for a two week bear market rally driven by technicals including yet another \"Fed pivot\" hopium rally.When some of the world's biggest and best blue chips collapse, it naturally causes many investors to wonder if the investment thesis is broken or if it's a great chance to be \"greedy when others are fearful.\"Several DK members have requested updates on these blue chips so today I want to take a look at META and GOOG to provide the best and most up-to-date fundamentals-focused analysis of each company's prospects.So let's take a look at the good, bad, and ugly for META and GOOG to see why META might possibly be broken, while GOOG can still make you rich.Let's start with META, the most troubled of the FAANG stocks.Meta Platforms: A Potentially Wonderful Company At The Mercy Of A Mad KingYchartsMark Zuckerberg holds the title as the person responsible, at least in large part, for the second greatest decline in investor wealth in history, an impressive $800 billion.META is down 78% off its record highsThis was the second 20%-plus single day crash for Meta,BloombergBack in February, Meta became the first company in history to lose a quarter trillion in value in a single day.This time the decline was about $60 billion owing to Meta having fallen to a $300 billion market cap.Why did Wall Street gut Meta so ferociously?Was it Meta's struggles to grow its global user base?investor presentationNot really. Total users are growing at a slow pace, but still growing and the percent of monthly users who are using Meta's platforms daily remains steady at 79%. What about sales?investor presentationWhile sales are down from last year, that's mostly due to the overall pullback in advertising spend and Q3 revenue was stable compared to Q1 and Q2.What about revenue per family/user?investor presentationThat's been steady for two years now, which isn't great in terms of sales growth. But again, part of that is from the fact that global advertising is struggling right now.Daily ShotSo what caused the market to freak out over META and send shares down as much as 27% in a matter of hours?investor presentationMETA has a big spending problem, almost doubling its growth spending on Reality Labs, its massive 10-year bet on the Metaverse.investor presentationMETA's EPS has been hammered by spending at Reality Labs, and is now expected to decline 34% in 2022 and another 15% in 2023.Why? Partially due to the 2023 recession the bond market now considers a 100% certainty.But also because of this.We do anticipate that Reality Labs operating losses in 2023 will grow significantly year-over-year.Beyond 2023, we expect to pace Reality Labs investments such that we can achieve our goal of growing overall company operating income in the long run.\" - Mark Zuckerberg, Q3 conference call (emphasis added)Last year META lost $10 billion on the Metaverse, and this year it's expected to lose even more. And per its CEO and founder, next year \"significantly more\" still.FactSet Research TerminalBased on Zuckerberg's comments about \"pacing\" spending beyond 2023 analysts expect capex to remain elevated by about 2X compared to before Meta changed its name and went all in on the Metaverse.Mark Zuckerberg: The Mad King Is The Biggest Reason Meta Is A Speculative Blue ChipMark Zuckerberg holds 55% of voting power at META, thanks to his class B shares. Until now, that hasn't been a problem, even though he's been effectively the \"emperor\" of Facebook since the beginning.But now that former COO Sheryl Sandberg, who built the META ad model into a free cash flow minting machine, has left? Well, it appears there's no one with the credibility in META's c-suite to stand up to the mad king and his potentially disastrous $100-plus billion boondoggle.But isn't Zuckerberg a visionary? A mad genius who turned a simple and what many thought was a stupid idea into a formerly $1.1 trillion company?Yes, but there's a fine line between genius and madness and Zuckerberg is potentially on the wrong side of it. Why?StatistaThe potential market for VR in general is about 100 million people today and that's expected to grow to about 130 million by 2027.META is struggling to grow its user base beyond its current 3 billion, because it's largely saturated its addressable market of Internet-0connected people around the world.Zuckerberg has a grand vision of a Meta, controlled Metaverse, a digital world in which we all wear VR goggles and live second lives online.EngadgetMeta's \"significantly higher losses\" in Reality Labs next year is due to launching the Quest Pro, a $1,500 VR headset that costs 5X more than the Quest 2 headset.META's timing on the Metaverse literally came at the worst possible time.the company pivoted to massive spending on new and untested tech that it admits might not make money for 10 years.just as the speculative tech bubble burstand now is launching a $1500 VR headset that costs more than an iPhone during a recessiontoday even Apple is starting to struggle with iPhone salesand the Quest Pro is much less useful or desirable than an iPhoneAnd I'm not the only one skeptical of Meta's giant pivot into a sci-fi future.FactSet Research TerminalReality Labs revenue was about $721 million in 2021 and growing at 9% annually in recent years.not exactly a thrilling level of growthThat grow rate isn't expected to improve until 2025, and even by 2027, when Metaverse revenue is expected to double, it's expected to total $2.8 billion, just over 1% of the company's sales.All while generating $20.3 billion in operating losses, by 2025.Reality Labs was founded in 2021, when Meta changed its name and its mission.$79.5 billion in cumulative operating losses through 2025with no signs of declining annual losses, much less profitsZuckerberg is either crazy or a genius, and so far all the evidence points to crazy.Potentially $180 to $200 billion in Metaverse losses by 2030 if they keep burning $20 billion after 2025But what if Zuckerberg is a Steve Jobs style genius? Jobs famously said that you often can't ask customers what they want in a product, because true innovation is so revolutionary they don't know they want it.If Ihadaskedpeople what they wanted, they would have said faster horses.” - Henry FordHow many people were excited about the iPod when it was introduced in 2001? It was just a better, sleeker, and cooler MP3 player. And yet it transformed Apple into a cash flow machine.And then gave Steve Jobs the credibility and \"reality distortion field\" to change the world with the iPhone.In other words, truly revolutionary change requires a \"build it and they will come\" mindset. At least that's how Mark Zuckerberg is spinning his $200 billion bet.The difference between Zuckerberg and Henry Ford and Steve Jobs is that neither of them risked even a fraction of the money Zuckerberg is planning on.For what's objectively a very speculative bet.For every 10 mad geniuses trying to change the world with their inventions, nine of them fail. And none of them have ever had the resources or power of Mark Zuckerberg, the mad king of Facebook.It Wasn't All BadOur positive takeaways from Meta’s results were that the network effect remains intact given the firm’s encouraging user count and engagement metrics, which we think position Meta to accelerate revenue growth in late 2023, with the assumption that macro uncertainty eases.In addition, Reels is creating incremental engagement time per user and has also displayed early signs of high monetization potential. Plus, the firm continues to invest in enhancing its ad measurement capabilities while adding new advertising options for businesses, which we think will further drive a turnaround.\" - MorningstarMETA has been very badly hurt by Apple's change in private policy, which automatically blocks data tracking unless users specifically opt-in. Just 25% of iOS users have opted in and that number appears to be stable but not improving.StatistaiPhone has 55% market share in the US, the most lucrative digital ad market in the world. This means that with this single privacy policy change, social media companies saw their user data collapse by 42% and it might never be coming back.META, GOOG, and AMZN are the three giants of digital advertising, and each one is hurt to a different degree by this privacy policy change.META most of allGOOG less so because it has alternative data sources (more than 7 services with over 1 billion global users)AMZN least of all because its ad-algos are mostly running on its own proprietary dataFactSet Research TerminalMeta'suser baseis expected to grow slowly over time, but the 58 analysts that cover META (more than any other company on Wall Street) don't believe the Social Media king is dying.Average revenue per user is also expected to recover once the recession is over, though grow by just a modest 15% by 2025.Andfree cash flow, which has been cut in half in the last 12 months, is expected to nearly triple to $43 billion by 2027.And thanks to a much lower market cap,Meta's consensus buybacks of $93 billion from 2023 to 2027could buy back a lot of stock.34% of shares at current valuationsup to 10% of shares each yearAnd what about Meta's growth prospects after it gets past the 2023 recession and this painful pivot to the Metaverse?Investment StrategyYieldLT Consensus GrowthLT Consensus Total Return PotentialLong-Term Risk-Adjusted Expected ReturnLong-Term Inflation And Risk-Adjusted Expected ReturnsYears To Double Your Inflation & Risk-Adjusted Wealth10-Year Inflation And Risk-Adjusted Expected ReturnMeta Platforms0%15.3%15.3%10.7%8.4%8.52.25Nasdaq0.8%11.5%12.3%8.6%6.3%11.41.85Schwab US Dividend Equity ETF3.6%8.5%12.1%8.4%6.2%11.71.82Dividend Aristocrats2.6%8.5%11.1%7.8%5.5%13.11.71Alphabet0.0%11.1%11.1%7.8%5.5%13.11.71S&P 5001.8%8.5%10.3%7.2%4.9%14.61.62(Sources: DK Research Terminal, FactSet, Ycharts, Morningstar)Analysts remain bullish on META, far more so than Alphabet in fact, expecting META to potentially deliver 15.3% long-term returns while GOOG is expected to match the aristocrats and modestly beat the S&P over time.And that doesn't include valuation, and there's no question that at 4.9X cash adjusted trough 2023 earnings, META is trading at a fire sale price.Meta Is A Screaming Buy... If You Trust Zuckerberg's VisionMetricHistorical Fair Value Multiples (8-Years)2021202220232024202512-Month Forward Fair ValueEarnings26.84$369.59$224.38$224.38$286.92$364.22Average$369.59$224.38$224.38$286.92$364.22$224.38Current Price$94.82Discount To Fair Value74.34%57.74%57.74%66.95%73.97%57.74%Upside To Fair Value289.78%136.64%136.64%202.59%284.12%136.64%2022 EPS2023 EPS2022 Weighted EPS2023 Weighted EPS12-Month Forward EPS12-Month Average Fair Value Forward PECurrent Forward PECurrent Forward Cash-Adjusted PE$8.36$8.36$1.13$7.23$8.3626.811.34.9IF META does grow at 15% over time, then historically it's worth about 27X earnings and today it trades at 11.3, and just 4.9X cash-adjusted earnings.a bargain by even private equity standardsIts PEG ratio is 0.32, hyper-growth (potentially) at an absurdly wonderful price.Meta 2024 Consensus Total Return Potential(Source: FAST Graphs, FactSet)If META can grow as expected and return to market-determined fair value consistent with its expected growth rate, then within two years it could nearly triple, delivering 63% annual returns.about 6X more than the S&P 500Meta 2027 Consensus Total Return Potential(Source: FAST Graphs, FactSet)META has Amazon like return potential over the next five year, IF the turnaround is successful.326% consensus return potential through 202732% CAGRabout 7X more than the S&P 500Meta Investment Decision ToolDK(Source: Dividend Kings Automated Investment Decision Tool)(Source: Dividend Kings Automated Investment Decision Tool)META is as close to a perfectspeculativehyper-growth blue-chip opportunity as exists on Wall Street for anyone comfortable with its risk profile. Look at how it compares to the S&P 500.57% discount to fair value vs. 2% S&P = 55% better valuationalmost 50% better long-term annual return potentialabout 4X higher risk-adjusted expected returnsAlphabet: One Of The World's Best Growth Blue-Chips Is Doing Just FineBottom line up front, GOOG is a far safer and better run company than Meta.CompanyMeta PlatformsAlphabetMETA WinsGOOG WinsLT Growth Consensus15.3%11.1%1Total Return Potential15.3%11.1%1LT Risk-Adjusted Expected Return10.7%7.7%1Inflation & Risk-Adjusted Expected Return8.4%5.5%1Years To Double8.513.01Historical Total Return11.6%19.8%112-Month Consensus Total Return Potential68%40%112-Month Fundamentally Justified Total Return Potential137%47%15-Year Consensus Return Potential29% to 45%19% to 21%1Discount To Fair Value57%32%1Cash-Adjusted PE4.99.71DK RatingUltra Value BuyVery Strong Buy1Dividend King's Automatic Investment Decision Score100% A+ Excellent100% A+ Excellent11Quality Score84%97%1Safety Score100%100%11Dependability Score67%94%1S&P LT Risk Management Global Percentile63% Above-Average, Low Risk93% Exceptional (Very Low Risk)1Credit RatingAA- StableAA+ Stable130-Year Bankruptcy Risk0.55%0.29%1Return On Capital (12-Months)46%68%1Return On Capital Industry Percentile60%64%1Return On Capital (13-Year Median)95%74%1Return On Capital (5-Year trend)-16%-1.0%1Sum1411(Source: DK Zen Research Terminal)Meta is the better value, BUT only if you are comfortable with its speculative nature and risk profile.Mad king Mark is running the show and if he wants to run it straight into the ground you have no say in the matter.META's AA-stable credit rating is excellent, but GOOG's AA+ stable rating is slightly better, with just 0.29% 30-year bankruptcy risk according to S&P.META's 68th S&P long-term risk management percentile is above-average bordering on good, indicating low risk.But GOOG's 93rd percentile risk management is exceptional, indicating a very low risk, and you don't have to worry about a CEO king who for now looks to have lost his mind.GOOG's historical profitability is superior to META's, and its wide moat has been far more stable in recent years.Daily ShotAnd YouTube, the crown jewel in GOOG's social media crown, is far more popular with young people than Facebook or Instagram.FactSet Research TerminalAnd unlike META, which is 100% reliant on advertising, GOOG is a far more diversified company.its #4 in Cloud ComputingGOOG's \"other bets\" it's moonshot programs, are expected to have $2.8 billion in sales in 2027, just like Reality Labs. The only difference is that GOOG spends about $3.2 billion annually on other bets, and that part of the GOOG empire could be worth$50 billion.Or to put it another way, META is spending 4X as much money on Reality Labs as GOOG is on Other Bets, and GOOG plans to cut back on that spending in the next year. META plans to increase its spending by about 20%.GOOG has so far lost $27 billion on Other Bets, searching for its next world-beater business. META plans to potentially lose $200 billion or 8X as much, on Reality Labs, and for a business model that so far only 100 million people say they are interested in using.100 million global VR users, not META VR usersDaily ShotGOOG Cloud is a fast growing business. It's not yet profitable but is expected to become profitable in 2025, a year when META is expected to lose over $20 billion on Reality Labs.By 2027 analysts expect Google Cloud to be generating $76 billion in sales (vs $2.8 billion for Reality Labs) and converting that into $9.3 billion in operating income.In other words, Google Cloud is a 26% CAGR growing business that's expected to be minting money far faster than Reality Labs, assuming the Metaverse ever achieves profitability for META.IOT AnalyticsAnd unlike the Metaverse which is expected to have 130 million users (maybe) by 2027, cloud computing is a proven industry, growing at 15% per year and which could become a $2 trillion to $10 trillion industry by 2030.The global Metaverse revenue opportunity could approach $800 billion in 2024 vs. about $500 billion in 2020, based on our analysis and Newzoo, IDC, PWC, Statista and Two Circles data. The primary market for online game makers and gaming hardware may exceed $400 billion in 2024 while opportunities in live entertainment and social media make up the remainder.\" -BloombergNow in fairness to Mr. Zuckerberg and fans of the Metaverse, the Metaverse is already a $500 billion global market. But that's 80% gaming which META is getting only a small handful off.META's market share in the Metaverse is currently 1.6%In other words, with Alphabet the big growth driver is a 26% growing business in a bigger and proven model.GOOG's ability to generate meaningful cash flow from cloud is not speculative, just look at how AWS and Azure are minting money for AMZN and MSFT.And speaking of cash flow.FactSet Research TerminalWhile META's FCF is expected to get cut in half to $16 billion in 2022, GOOG's is expected to remain stable at $68 billion.In 2027 META is expected to generate a solid $43 billion in FCF. But GOOG is expected to generate $159 billion, the most in human corporate history.2027 FCF Consensus Forecasts:GOOG: $159 billionAAPL: $155 billionAMZN: $137 billionMSFT: $101 billionMETA: $43 billionAnd while META is expected to buy back a very healthy $93 billion in stock in the coming years, GOOG is expected to spend $365 billion between 2023 and 2027.In fact, in 2027 alone GOOG's consensus buybacks of $92 billion is as much as analysts expect META to spend over the next four years combined.Alphabet Valuation: Potentially A Very Strong Buy And Close To An Ultra Value BuyAlphabet reported disappointing third-quarter results as revenue growth decelerated further, driven by the stronger dollar and economic uncertainty, which is increasing hesitancy in ad spending. Assuming less uncertainty in the macroeconomic environment, plus the monetization of YouTube Shorts, we expect advertising revenue growth to return to double-digit levels in 2023. Unlike advertising, the cloud business maintained impressive growth.\" - MorningstarGOOG's 9% plunge post-earnings was purely for cyclical reasons, nothing to do with its core business. Advertisers are pulling back due to the slowing economy and coming recession.Nothing about GOOG's fundamental core business is broken, unlike META which has chosen to make a $200 billion speculative pivot.GOOG is not a turnaround story (20% or less max risk cap rec)META is a turnaround story (2.5% or less max risk cap rec)YouTube Shorts has already reached 1.5 billion monthly active viewers, reducing fears that Tok-Tok is hurting the business. With the strong network effect present on YouTube, the strength of Google search, and the firm’s ad-tech powered measuring capabilities, Google’s ad revenue miss wasn’t significantly due to Apple privacy changes either.\" - MorningstarWhile META is struggling to compete with Tok-Tok (and losing for now), GOOG's YouTube is holding its own.And while META's user data feed was gutted by Apple's privacy change, GOOG was barely affected at all.GMAIL has almost 2 billion global users4.3 billion people use Google SearchGOOG has over seven services with over 1 billion users.This is how GOOG is able to replace that user data that META can't.And the more Google Cloud grows, the more data of all kinds it will have to improve its algorithms even faster.META has no plans for cloud computing, and no way to increase its user data feed, unless everyone buys into its Metaverse vision.the most passionate Metaverse advocates hate META with a passionthey view Zuckerberg's vision as a \"Ready Player One\" style dystopiaSo with GOOG you have a more diversified and better run business, with far better long-term risk-management according to S&P.You have a clear path to growth and far less execution risk than what META faces.And most of all, you don't have a single person who reigns over the company as a potentially mad god king who no one can stop from running into the ground, which is the largest risk to META today.Alphabet: A Wonderful Company At A Wonderful PriceMetricHistorical Fair Value Multiples (all years)2021202220232024202512-Month Forward Fair ValueEarnings25.79$144.68$122.76$138.75$163.25$196.26Average$144.68$122.76$138.75$163.25$196.26$136.60Current Price$92.11Discount To Fair Value36.34%24.97%33.61%43.58%53.07%32.57%Upside To Fair Value57.08%33.28%50.64%77.23%113.07%48.30%2022 EPS2023 EPS2022 Weighted EPS2023 Weighted EPS12-Month Forward PE12-Month Average Fair Value Forward PECurrent Forward PECurrent Forward Cash-Adjusted PE$4.76$5.38$0.64$4.66$5.3025.817.49.8GOOG has historically been valued by billions of investors at about 26X earnings, even when it was growing at 4%.Thus I'm confident that GOOG growing at 11% (those estimates might increase post-recession) is still worth about 26X earnings.Today GOOG trades at 17.4X earnings, but just 9.8X cash-adjusted earnings.a PEG of 0.88growth at a reasonable price, and in an AA-rated Ultra-SWAN quality 93rd percentile risk management packageAlphabet 2024 Consensus Total Return Potential(Source: FAST Graphs, FactSet Research)If GOOG grows as expected and returns to historical fair value, it could deliver 73% returns, or 29% CAGR.more than 2X greater than the S&P 500Alphabet 2027 Consensus Total Return Potential(Source: FAST Graphs, FactSet Research)If GOOG grows as expected through 2027 it could deliver 165% total returns, or 21% CAGR.Buffett-like returns from a blue-chip bargain hiding in plain sightabout 2.5X more than the S&P 50019% to 21% CAGR consensus return potential rangeGOOG Corp Investment Decision ToolDK(Source: Dividend Kings Automated Investment Decision Tool)GOOG is as close to a perfect growth blue-chip opportunity as exists on Wall Street for anyone comfortable with its risk profile. Look at how it compares to the S&P 500.32% discount to fair value vs. 2% S&P = 30% better valuation10% better long-term annual return potential (but with far better safety, quality, and risk-management)about 2X higher risk-adjusted expected returnsBottom Line: Both META And Alphabet Are Screaming Bargains But The Mad King Zuckerberg Makes GOOG The Smarter, Safer, And Less Speculative Buy TodayMETA has become cheap for a good reason, the speculative turnaround plan that CEO/King Zuckerberg has doubled down on.I'm personally skeptical that Reality Labs will pay off big, and expect that META will pivot and significantly reduce its spending plans on the Metaverse.That's why I still own the stock, though just a 1% position (2.5% OR LESS is the max recommended position size).In contrast, GOOG, while not as undervalued, is also a higher-quality, more diversified, and stronger company in terms of balance sheet and free cash flow generation.It's 93rd percentile risk management and AA+ stable credit rating are a testament to it being one of the greatest world-beaters in existence.And with its big growth plan being Google Cloud, a 26% growing business with a $2 trillion addressable market and clear path to profitability, I consider GOOG the safer, less speculative, and smarter investment today.Both META and GOOG could make you Buffett-like returns over the next five years, if they grow as expected. But with GOOG I'm a lot more confident that GOOG won't just meet growth forecasts, but potentially exceed them by a wide margin.With META? Well, it's ride or die with mad king Zuckerberg, and his Ford/Jobs like strategy of \"if you build it they will come.\" I join with all META shareholders in hoping that king Zuckerberg will spend a lot less than $180 billion on testing his theory and bringing his vision to life.","news_type":1},"isVote":1,"tweetType":1,"viewCount":644,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9985216208,"gmtCreate":1667398726604,"gmtModify":1676537911412,"author":{"id":"4127309136508732","authorId":"4127309136508732","name":"cky92","avatar":"https://community-static.tradeup.com/news/30bf8de6f8868dfb35bef0e86df9a12b","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4127309136508732","authorIdStr":"4127309136508732"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9985216208","repostId":"2280394312","repostType":2,"repost":{"id":"2280394312","pubTimestamp":1667353504,"share":"https://ttm.financial/m/news/2280394312?lang=&edition=fundamental","pubTime":"2022-11-02 09:45","market":"sg","language":"en","title":"3 Top Singapore Stocks to Watch for November","url":"https://stock-news.laohu8.com/highlight/detail?id=2280394312","media":"The Smart Investor","summary":"With recent earnings and business updates, we present our three top Singapore stocks for November.Ti","content":"<html><head></head><body><p>With recent earnings and business updates, we present our three top Singapore stocks for November.</p><p><img src=\"https://static.tigerbbs.com/48efb63c0936de883fe3bac76f076b8d\" tg-width=\"800\" tg-height=\"533\" width=\"100%\" height=\"auto\"/></p><p>Time flies, and we are left with just two months left this year.</p><p>Investors are checking in on companies as they submit their final report cards for the year.</p><p>All eyes will be on how businesses navigate the current environment of high inflation and rising interest rates.</p><p>Those that can manage these challenges well and have a track record of resilience may qualify as investment candidates.</p><p>We sifted through the list of companies and identified three that look poised to do well.</p><p>These three names are also suitable for different investor types.</p><p>We have a blue-chip stalwart that may be suitable for value-oriented investors.</p><p>Next is a fast-growing fintech business that is set to see its earnings surge next year which may catch the eye of growth investors.</p><p>The third is a steady dividend payer that should appeal to income-seeking investors.</p><p>Without further ado, here are our top stocks to watch for November.</p><h2>Keppel Corporation Limited (SGX: BN4)</h2><p>Keppel Corporation is a conglomerate with four core divisions – energy and environment, urban development, connectivity, and asset management.</p><p>The group released its earnings and business update for the first nine months of 2022 (9M2022).</p><p>Revenue jumped by 24% year on year to S$6.8 billion, driven by a 52.8% year on year surge in revenue for its energy and environment division.</p><p>Net profit improved year on year but the quantum was not disclosed.</p><p>Keppel’s net gearing stood at 0.79 times as of 30 September 2022 with 70% of its loans on fixed rates, thereby mitigating a sharp jump in finance costs.</p><p>The group is progressing well on its asset monetisation plan with S$4.4 billion of deals announced so far.</p><p>Keppel is on track to exceed its S$5 billion target before the end of next year.</p><p>Meanwhile, its asset management platform continued to grow and is slated to achieve S$50 billion in assets under management by the end of 2022.</p><p>For 9M2022, asset management fees grew 11% year on year to S$186 million.</p><p>Keppel also logged its highest net order book since 2007 as its offshore and marine segment chalked up S$11.6 billion of orders.</p><p>Elsewhere, the group has also signed a revised agreement that will see it divest its offshore and marine business to<b>Sembcorp Marine Ltd</b>(SGX: S51).</p><p>It will also press on with its plans to monetise its legacy rigs and associated receivables regardless of whether the divestment is approved by shareholders.</p><h2>iFAST Corporation Limited (SGX: AIY)</h2><p>iFAST is a financial technology company that operates a platform for the buying and selling of unit trusts, shares, and bonds.</p><p>The group has reported a downbeat set of earnings for the third quarter of 2022 (3Q2022).</p><p>The prior year had seen a big surge in fund inflows as people flocked to park their money in online investments.</p><p>Revenue for 3Q2022 dipped 3.9% year on year to S$53.5 million but operating profit plunged 66.7% year on year to S$3.1 million on higher expenses.</p><p>As a result, net profit fell sharply to S$2.1 million from S$7.6 million.</p><p>There’s a silver lining, though.</p><p>The group expects to enjoy accelerated growth from 2023 onwards as its Hong Kong e-Pension division becomes operational.</p><p>iFAST expects its revenue and net profit to hit new highs as this division is unaffected by market volatility which had depressed its earnings for 3Q2022 and 9M2022.</p><h2>Sheng Siong Group Ltd (SGX: OV8)</h2><p>Sheng Siong is one of the largest supermarket chains in Singapore with 66 outlets spread across the island.</p><p>The retailer sells a wide variety of goods ranging from fresh produce and necessities to household products and toiletries.</p><p>Sheng Siong’s 3Q2022 earnings demonstrated the group’s resilience.</p><p>For the quarter, revenue dipped by 4.2% year on year to S$333.5 million while net profit declined by 4.5% year on year to S$32.9 million.</p><p>The decrease was mainly attributed to the high base effect from the prior year when COVID-19 restrictions were still in force.</p><p>There were bright spots in the group’s results, though.</p><p>For 9M2022, the gross margin continued to improve, increasing from 28.5% in 9M2021 to 29.4%.</p><p>Free cash flow also rose 17.8% year on year to S$49.3 million in 3Q2022 and dipped just slightly to S$104.2 million from S$106.8 million for 9M2022.</p><p>Sheng Siong should see better days ahead.</p><p>The group opened three new stores and shut one in 9M2022 and intends to continue bidding for new shop space in HDB areas where it does not have a presence.</p><p>As the retailer is known for being a value-for-money supermarket, it should not have problems attracting customers to shop and spend money there.</p></body></html>","source":"lsy1602567310727","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Top Singapore Stocks to Watch for November</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Top Singapore Stocks to Watch for November\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-02 09:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/3-top-singapore-stocks-to-watch-for-november/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>With recent earnings and business updates, we present our three top Singapore stocks for November.Time flies, and we are left with just two months left this year.Investors are checking in on companies...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/3-top-singapore-stocks-to-watch-for-november/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AIY.SI":"奕丰集团","BN4.SI":"吉宝有限公司","OV8.SI":"昇菘"},"source_url":"https://thesmartinvestor.com.sg/3-top-singapore-stocks-to-watch-for-november/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2280394312","content_text":"With recent earnings and business updates, we present our three top Singapore stocks for November.Time flies, and we are left with just two months left this year.Investors are checking in on companies as they submit their final report cards for the year.All eyes will be on how businesses navigate the current environment of high inflation and rising interest rates.Those that can manage these challenges well and have a track record of resilience may qualify as investment candidates.We sifted through the list of companies and identified three that look poised to do well.These three names are also suitable for different investor types.We have a blue-chip stalwart that may be suitable for value-oriented investors.Next is a fast-growing fintech business that is set to see its earnings surge next year which may catch the eye of growth investors.The third is a steady dividend payer that should appeal to income-seeking investors.Without further ado, here are our top stocks to watch for November.Keppel Corporation Limited (SGX: BN4)Keppel Corporation is a conglomerate with four core divisions – energy and environment, urban development, connectivity, and asset management.The group released its earnings and business update for the first nine months of 2022 (9M2022).Revenue jumped by 24% year on year to S$6.8 billion, driven by a 52.8% year on year surge in revenue for its energy and environment division.Net profit improved year on year but the quantum was not disclosed.Keppel’s net gearing stood at 0.79 times as of 30 September 2022 with 70% of its loans on fixed rates, thereby mitigating a sharp jump in finance costs.The group is progressing well on its asset monetisation plan with S$4.4 billion of deals announced so far.Keppel is on track to exceed its S$5 billion target before the end of next year.Meanwhile, its asset management platform continued to grow and is slated to achieve S$50 billion in assets under management by the end of 2022.For 9M2022, asset management fees grew 11% year on year to S$186 million.Keppel also logged its highest net order book since 2007 as its offshore and marine segment chalked up S$11.6 billion of orders.Elsewhere, the group has also signed a revised agreement that will see it divest its offshore and marine business toSembcorp Marine Ltd(SGX: S51).It will also press on with its plans to monetise its legacy rigs and associated receivables regardless of whether the divestment is approved by shareholders.iFAST Corporation Limited (SGX: AIY)iFAST is a financial technology company that operates a platform for the buying and selling of unit trusts, shares, and bonds.The group has reported a downbeat set of earnings for the third quarter of 2022 (3Q2022).The prior year had seen a big surge in fund inflows as people flocked to park their money in online investments.Revenue for 3Q2022 dipped 3.9% year on year to S$53.5 million but operating profit plunged 66.7% year on year to S$3.1 million on higher expenses.As a result, net profit fell sharply to S$2.1 million from S$7.6 million.There’s a silver lining, though.The group expects to enjoy accelerated growth from 2023 onwards as its Hong Kong e-Pension division becomes operational.iFAST expects its revenue and net profit to hit new highs as this division is unaffected by market volatility which had depressed its earnings for 3Q2022 and 9M2022.Sheng Siong Group Ltd (SGX: OV8)Sheng Siong is one of the largest supermarket chains in Singapore with 66 outlets spread across the island.The retailer sells a wide variety of goods ranging from fresh produce and necessities to household products and toiletries.Sheng Siong’s 3Q2022 earnings demonstrated the group’s resilience.For the quarter, revenue dipped by 4.2% year on year to S$333.5 million while net profit declined by 4.5% year on year to S$32.9 million.The decrease was mainly attributed to the high base effect from the prior year when COVID-19 restrictions were still in force.There were bright spots in the group’s results, though.For 9M2022, the gross margin continued to improve, increasing from 28.5% in 9M2021 to 29.4%.Free cash flow also rose 17.8% year on year to S$49.3 million in 3Q2022 and dipped just slightly to S$104.2 million from S$106.8 million for 9M2022.Sheng Siong should see better days ahead.The group opened three new stores and shut one in 9M2022 and intends to continue bidding for new shop space in HDB areas where it does not have a presence.As the retailer is known for being a value-for-money supermarket, it should not have problems attracting customers to shop and spend money there.","news_type":1},"isVote":1,"tweetType":1,"viewCount":507,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9982378186,"gmtCreate":1667103653146,"gmtModify":1676537861870,"author":{"id":"4127309136508732","authorId":"4127309136508732","name":"cky92","avatar":"https://community-static.tradeup.com/news/30bf8de6f8868dfb35bef0e86df9a12b","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4127309136508732","authorIdStr":"4127309136508732"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9982378186","repostId":"1143172606","repostType":2,"repost":{"id":"1143172606","pubTimestamp":1667096273,"share":"https://ttm.financial/m/news/1143172606?lang=&edition=fundamental","pubTime":"2022-10-30 10:17","market":"us","language":"en","title":"Intel to Cut Workforce as Part of Massive Cost Reduction Efforts","url":"https://stock-news.laohu8.com/highlight/detail?id=1143172606","media":"TipRanks","summary":"Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiat","content":"<div>\n<p>Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiatives, including job cuts. The company’s actions reflect the impact of macro challenges and lower ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts\">Web Link</a>\n\n</div>\n","source":"lsy1606183248679","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Intel to Cut Workforce as Part of Massive Cost Reduction Efforts</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\">\nIntel to Cut Workforce as Part of Massive Cost Reduction Efforts\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-30 10:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiatives, including job cuts. The company’s actions reflect the impact of macro challenges and lower ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"INTC":"英特尔"},"source_url":"https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143172606","content_text":"Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiatives, including job cuts. The company’s actions reflect the impact of macro challenges and lower demand in the semiconductor space.Intel (NASDAQ: INTC) impressed investors with its better-than-anticipated third-quarter earnings and its aggressive cost savings plans amid tough business conditions. The semiconductor giant aims to deliver $3 billion in cost reductions next year and is targeting $8 billion to $10 billion in annualized cost reductions and efficiency benefits by the end of 2025.Intel’s CEO Pat Gelsinger stated, “To position ourselves for this business cycle, we are aggressively addressing costs and driving efficiencies across the business to accelerate our IDM 2.0 flywheel for the digital future.” Intel recorded restructuring charges of $664 million in Q3 as part of its cost reduction initiatives.The company’s cost reduction actions include headcount optimization. In an interview with Reuters, Gelsinger indicated that the headcount optimization will begin in the fourth quarter, although he didn’t provide any details on how many employees will be impacted.Intel stock was up 5.6% in Thursday’s extended trading session. Shares have declined 49% year-to-date due to a broader tech sell-off and demand concerns in the semiconductor space.Intel’s Outlook Reflects PressureIntel’s Q3 adjusted earnings per share (EPS) declined 59% year-over-year to $0.59 due to lower revenue and margin pressure. However, adjusted EPS topped analysts’ consensus estimate of $0.34 due to lower-than-anticipated taxes.Revenue declined 20% to $15.3 billion due to lower revenue from the Client Computing and Datacenter and AI segments.Intel lowered its full-year guidance, citing macro headwinds. The company now expects adjusted EPS of $1.95 and revenue in the range of $63 billion to $64 billion. It had earlier projected adjusted EPS of $2.30 and revenue between $65 billion to $68 billion.Is Intel Buy, Sell, or Hold?Following the print, Rosenblatt Securities analyst Hans Mosesmann reiterated a Sell rating on Intel stock and lowered the price target to $20 from $30.Mosesmann  stated, “Weak outlook across the board and a macro malaise expected to continue well into 2023 creates an immensely delicate balance in committed CapEx expansion, FCF neutrality targets, share losses in data center, non-trivial employee reduction efforts, and a foundry services business that will take years to play out.”Overall, Wall Street is sidelined on Intel stock, with a Hold consensus rating based on four Buys, 14 Holds, and 11 Sells. The average Intel stock price target of $33 implies a 25.6% upside potential.ConclusionIntel is taking the required steps to fight challenging market conditions and improve profitability. However, Wall Street remains cautious as the company has been losing ground to rivals like Advanced Micro Devices (AMD).","news_type":1},"isVote":1,"tweetType":1,"viewCount":600,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9986280030,"gmtCreate":1666962724320,"gmtModify":1676537840432,"author":{"id":"4127309136508732","authorId":"4127309136508732","name":"cky92","avatar":"https://community-static.tradeup.com/news/30bf8de6f8868dfb35bef0e86df9a12b","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4127309136508732","authorIdStr":"4127309136508732"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9986280030","repostId":"1100216928","repostType":2,"repost":{"id":"1100216928","pubTimestamp":1666929303,"share":"https://ttm.financial/m/news/1100216928?lang=&edition=fundamental","pubTime":"2022-10-28 11:55","market":"us","language":"en","title":"Is Apple A Buy After FQ4 2022 Earnings? Keep Your Eyes On Services","url":"https://stock-news.laohu8.com/highlight/detail?id=1100216928","media":"Seeking Alpha","summary":"SummaryApple has been a closely watched stock this earnings season as investors look to the consumer bellwether for hints of what's to come amid mounting macro uncertainties.The company posted upbeat ","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Apple has been a closely watched stock this earnings season as investors look to the consumer bellwether for hints of what&#39;s to come amid mounting macro uncertainties.</li><li>The company posted upbeat third quarter results, mixed with tempered growth in core iPhone and Services sales.</li><li>Yet, the company&#39;s earnings beat and sustained 70%+ margins in Services despite lighter-than-expected growth continue to underscore the critical role of the segment for Apple.</li><li>While Apple stock&#39;s outperformance this year compared to the broader market and peers potentially increases its vulnerability to further volatility, its robust fundamentals continue to support the $3 trillion thesis.</li></ul><p>Apple Inc. (NASDAQ:AAPL) has long been watched as the bellwether for consumer strength amid rising recession risks in recent months, and its latest resilience demonstrated in the September quarter with a double beat, paired with positive commentary on the business&#39;s strengths, sets a positive tone for fiscal 2023 despite looming macro uncertainties.</p><p>Apple&#39;s September-quarter results suggest that affluent spend on premium products remains resilient, despite risks of overall consumer confidence deterioration in the near term with buckling budgets amid rising interest rates and inflation. This is further corroborated by stronger iPhone 14 Pro model sales compared with relatively lackluster take-rates on the new smartphone family&#39;s base model equivalents.</p><p>We believe Apple&#39;s resilience demonstrated in the September quarter is also a result of prudent business management imposed at the decision-making level. This includes pulling forward the iPhone 14 launch to improve fiscal 2022 performance while allowing Apple to take advantage of earlier-than-expected holiday-season shopping trends this year as consumers spread out spending habits as budgets tighten amid an inflationary environment. Time and again, the value of Apple&#39;s prudent management at the decision-making level has shone through, playing a critical role in mitigating some of the impact from worsening consumer weakness observed in recent months that could have led to softer fundamentals.</p><p>Meanwhile, management&#39;s allusion to &#34;strength of [Apple&#39;s] ecosystem, unmatched customer loyalty, and [an] active installed base of devices [reaching] a new all-time high&#34; kicks off fiscal 2023 with a strong positive note, underscoring the value of its pervasive ecosystem of high-demand hardware and complementary services that have become increasingly entwined with many aspects of daily personal settings, big and small. It is also consistent with rising investors&#39; concerns about the impact of China - a critical market for Apple that showed signs of cracking after the company unleashed a rare round of discounts to attract demand over the summer.</p><p>But sustained growth in the higher-margin Services segment continues to demonstrate the value of Apple&#39;s sprawling influence over the consumer end-market. This is further corroborated by Apple&#39;s earnings beat, underscoring the strength of Services&#39; margins despite the tough consumer backdrop during the September quarter.</p><p>While the stock has not lost as much of its value compared to its tech peers and the broader market amid this year&#39;s selloff, which raises concerns that it may become more &#34;vulnerable&#34; to further multiple contraction in the near-term given increasingly fragile market sentiment, we believe it will continue to fare better than most given the underlying business&#39; robust fundamentals. Specifically, the robust momentum in Services maintained throughout the rising competition and deteriorating consumer sentiment in the third quarter continues to support its potential in ultimately accounting for half of Apple&#39;s valuation over the longer term, which reinforces the stock&#39;s$3 trillion thesis. Paired with Apple&#39;s upbeat F4Q22 results and management&#39;s positive tone on the forward prospects despite looming macro challenges, any near-term market volatility would likely continue to create compelling entry points for capitalizing on longer-term upsides.</p><p><b>Profitable Growth is Key - And Services is Here For It</b></p><p>Apple&#39;s Services segment demonstrated slower-than-expected but sustained growth in the September quarter, with sales increasing 5% y/y (inclusive of FX headwinds) and margins maintaining in the 70%-range despite inflationary pressures and consumer weakness. As discussed in our previous coverage on the stock, Apple&#39;s Services segment is becoming increasingly core to the company&#39;s long-term growth and profitability trajectory, especially with improved technological advancements in recent years and overall consumer weakness in the near-term lengthening upgrade cycles on devices.</p><p>This is also music to investors&#39; ears, as preference migrates from growth to profitability amid a souring macroeconomic outlook.</p><blockquote>In 2017, Apple - under the leadership of Tim Cook - vowed todoubleits services revenue by 2020. Since then, the segment has delivered with a multi-year compounded annual growth rate (&#34;CAGR&#34;) of more than 20%, boasting close to $68.5 billion in annual revenues during fiscal 2021, and approaching $80 billion in the current fiscal year ending this week. Earlier this year, Wall Street predicted that Apple&#39;s services segment amounts to a$1.5 trillionvalue on its own, similar to our own predictions which will be discussed in further detail below.</blockquote><blockquote>Although services sales growth has decelerated from its heights last year due to the moderation in demand from pulled-forward subscriptions during the pandemic era alongside broad-based macro weakness, the segment continues to boast robust double-digit expansion, reinforcing the bullish thesis surrounding Apple&#39;s sustained long-term growth and profitability trajectory.</blockquote><blockquote>Source: &#34;Apple Services Is On A Critical Mission&#34;</blockquote><p>We see Services&#39; critical role in safeguarding Apple&#39;s bottom line continuing into the upcoming holiday season, despite light growth and a slight miss as expected during the fiscal fourth quarter. We see our previously discussed base case where Services will continue to lead growth alongside hardware sales as a highly likely scenario as Apple navigates through macro challenges in the near term. And the company&#39;s recent decision to raise prices on some of its core Services offerings - including Apple TV+, Apple Music and the Apple One bundle - will likely give the segment&#39;s momentum another leg up heading into fiscal 2023, as opposed to weighing further on weakening consumer sentiment since Apple has a strong value proposition to do so.</p><p><b>Apple TV+</b></p><p>Apple raised the monthly Apple TV+ subscription rate from $4.99 to $6.99, and annual subscription rate from $49 to $69, which went into effect earlier this week. While the price hike for Apple TV+ is not small - a whopping 40%+ - it remains competitive relative to rival streaming platforms spanning Netflix(NFLX), Disney+(DIS), and HBO Max(WBD), to name a few, including their respective ad-supported tiers that are / will be marketed as a &#34;cheaper&#34; alternative.</p><p>We also believe Apple has the right value proposition for jacking up Apple TV+&#39;s pricing, which will effectively help reduce potential churn in the aftermath. Specifically, Apple TV+ was &#34;introduced at a very low price because it started with just a few shows and movies.&#34; But now, it has grown into an extensive library of &#34;award-winning and broadly acclaimed series, feature films, documentaries, and kids and family entertainment,&#34; which is further corroborated by its rapidly rising global market share of more than 6%, putting rival platforms on notice.</p><p>Yet, at the new price tag of $6.99 per month, Apple TV+ - which is currently ad-free and offers unlimited access to its entire catalogue of scripted and non-scripted content, alongside live sporting events such as &#34;Friday Night Baseball&#34; - the streaming platform still beats equivalents in the pricing segment. This includes Netflix and Disney+&#39;s upcoming ad-supported tier priced at $6.99 and $7.99 per month, respectively, and HBO Max&#39;s ad-supported tier priced at $10 per month, with some not even offering access to live sporting events, which is a key demand driver in streaming that Apple TV+ is benefiting from. This continues to underscore Apple TV+&#39;s pricing advantage amid weakening consumer sentiment, with its latest price hike still more competitive than similarly-priced offerings by peers, while contributing meaningfully to the Services segment profit margins over the longer term.</p><p><b>Apple Music</b></p><p>The monthly subscription rate for Apple Music will increase from $9.99 to $10.99 for individuals, and the annual subscription rate from $99 to $109. This would effectively make the service more expensive than key rival Spotify&#39;s (SPOT) equivalent which is currently priced at $9.99 per month still.</p><p>The price hike was implemented to compensate for increasing content licensing costs for creators. Although the price increase for Apple Music subscriptions may seem like it will be another blow to the service&#39;s already laggard market share(~15%) compared to Spotify&#39;s (&gt;30%), we believe it will give Apple a leg up from a business and valuation perspective.</p><p>Specifically, Spotify currently reels from narrowing profit margins due to the same cost increases identified by Apple, underscoring that similar price hikes will likely be coming soon anyway. As such, we view the increase to Apple Music prices as a strategic move that will not only contribute positively to the Services segment&#39;s bottom line but also without the risks of material churn despite consumer weakness.</p><p><b>Apple One Bundle</b></p><p>The Apple One bundle - which allows up to six service subscriptions at a discounted price - has also implemented price increases across all of its variants offered. The standard bundle (individual subscription for Apple Music, TV+, Arcade, and iCloud+ with 50GB storage) will have its monthly subscription rate increase from $14.95 to $16.95; family bundle (five-people subscription for Apple Music, TV+, Arcade, and iCloud+ with total 200GB storage) from $19.95 to $22.95; and Premier bundle (same as family bundle, plus News+ and Fitness+) from $29.95 to $32.95.</p><p>The Apple One bundle has been a key contributor to overall growth observed in Apple&#39;s service subscription volumes and overall traction since its introduction in fiscal 2021, attracting new users to pay for subscription services that they otherwise would not have subscribed to without the bundle discount. The bundle discount - even after the recent price increase - adds another positive touch to the service-specific value propositions for subscribers as discussed in the earlier section, which we view as a critical factor to mitigating risks of churn, while further bolstering Services growth.</p><p>The pricing advantage in Apple&#39;s Services segment is expected to contribute positively towards its longer-term valuation of about $1.5 trillion alone. Not only would it further improve the segment&#39;s profit margins - an increasingly prominent driver of Apple&#39;s free cash flows - but also help bolster the funding needed to support further expansion into additional services and upgrades that will aid penetration into a broader subscriber base over the longer term.</p><p><b>Near-Term Investment Risks to Consider</b></p><p><b>China Risks:</b> This has accordingly introduced demand risks to one of Apple&#39;s most core operating regions - China currently accounts of about a fifth of the company&#39;s consolidated sales and a quarter of the consolidated income. Concerns of said demand risks are further corroborated by the rare sighting of a direct pricing discount on certain devices introduced over the summer in China. Even during seasonality promotions - like back-to-school, Black Friday, and/or holiday-season sales - Apple has hardly ever offered direct pricing discounts, opting for gift card rebates on bundle purchases and/or gift-with-purchases instead.</p><p>In addition to demand risks, Apple also faces supply risks and geopolitical risks in the region.</p><p>Yet, we believe Apple has a few levers to pull still that can compensate for the said risks. On the supply front, Apple&#39;s importance to suppliers worldwide gives it leverage needed to compensate for supply-risk-driven cost efficiencies. This is consistent with Apple&#39;s power in price negotiations with key suppliers like Taiwan Semiconductor (TSM), as well as previous observations that the tech giant&#39;s &#34;size and importance to suppliers&#34; was able to help it secure key components better than peers during the peak of supply shortages. Meanwhile, on the demand front, increasing momentum in Services as discussed in the foregoing analysis is expected to partially shield Apple from hardware demand risks in China within the foreseeable future, especially with robust market share gains observed across core operating regions like the U.S. and Europe.</p><p><b>Macro Risks:</b> FX and consumer slowdown are the biggest macro risks facing Apple today. FX risks are inevitable given the company&#39;s massive overseas operations amid a surging dollar environment as the Fed remains fixed on an aggressive rate hike trajectory to counter runaway inflation. And on the consumer slowdown front, Apple&#39;s upbeat showing for the September quarter also supports continued resilience relative to peers spanning PC/smartphone makers and service providers that have been losing market share.</p><p>In our view, we believe Mac and iPad sales are most susceptible to the near-term consumer slowdown, despite better-than-expected performance in the fiscal fourth quarter. First, the segments have already benefited from pulled-forward demand in the pandemic era, meaning forward momentum will likely remain moderate, especially with the looming economic downturn. Second, lost sales driven by supply chain constraints (most prominent in iPad segment) will likely see some of it becoming permanent instead of delayed due to consumers dialing back on discretionary spending amid deteriorating economic conditions. Lastly, previous expectations for stronger commercial IT spending that have benefited enterprise demand for Apple devices will likely moderate as well as budgets pullback to brace for near-term macroeconomic uncertainties. Worsening market trends are also contributing to anticipated challenges on Mac and iPad demand within the foreseeable future - the latest tally of global PC shipments in the calendar third quarter showed an accelerated decline this year, falling 6.8% y/y in 1Q22, 15% y/y in 2Q22, and 20% y/y in 3Q22, with 4Q22 numbers expected to worsen as consumers shun big-ticket items due to weakening spending power.</p><p>Yet, momentum in Services paired with Apple&#39;s pricing advantage as discussed in the foregoing analysis remains a key business strength that is expected to partially cushion some of the near-term impact on the macro-driven slowdown in product demand. Product upgrades, such as the latest introduction of a new Mac and iPad line-up retrofitted with next-generation Apple silicon, will likely help salvage product demand as well. This is further corroborated by Apple&#39;s rapid climb to the top, dethroning legacy PC makers like Lenovo (OTCPK:LNVGY), HP (HPE), and Dell (DELL) to become theindustry leader in the first half of the year.</p><p><b>Lengthening Product Cycle Risks:</b> Improving technology at Apple is also lengthening the upgrade cycle on its line-up of devices, which will potentially stagger the Products segment&#39;s growth outlook over the longer term. But Apple still has many levers to pull from a pricing and technology point-of-view to counter risks of growth slowdown due to lengthening product cycles in our opinion. For instance, Apple&#39;s transition to in-house designed silicon is a key advantage that will help attract demand stemming from both upgrades and switches and partially offset the growth slowdown in Products given their lengthened lifecycles. The company&#39;s potential introduction of a device subscription service would also drive improved economics for its Products segment over the longer term.</p><blockquote>Nonetheless, hardware sales are expected to imminently grow slower than Apple&#39;s services sales, given product revenue cycles are comparatively lengthier. For services, recurring revenues stemming from subscriptions come on a monthly or annual basis. But for products like iPhones and Macs, their lifecycles have grown from two years in the past to now aboutthreetofouryears and more than five years, respectively, thanks to continuous technological improvements. To put into perspective, the standard iPhone 14 starts at $799, which translates to about $266 in revenue per share if broken down based on a three-year lifespan. Comparatively, an annual subscription for the Apple One Bundle starts at [$203.40 per year (or $16.95 per month)], which is not too far off from the average annual revenue per iPhone, while boasting significantly more profitable margins. And while Apple&#39;s iPhone sales may be benefiting from broader industry tailwinds stemming from 5G transition, its large installed base is bound slow in growth based on the law of large numbers, signalling the double-digit multi-year CAGRs it once enjoyed are no more. It is no wonder that the company has been reportedly working on the launch of aproduct subscription modelto safeguard better economics over the longer term.</blockquote><blockquote>Source: &#34;Apple Services Is On A Critical Mission&#34;</blockquote><p><b>Final Thoughts</b></p><p>Market sentiment is becoming increasingly fragile, with many investors looking to the performance of large and mega caps - especially Apple - for hints on what forward consumer sentiment might look like and what they mean for the broader tech sector and the economy overall ahead of rising recession risks. This is especially true given Apple, along with its mega-cap peers spanning Alphabet(GOOG/GOOGL), Microsoft(MSFT), and Amazon (AMZN), account for &#34;nearly a fifth&#34; of the S&amp;P 500&#39;s value today, or more than 30%of the tech-heavy Nasdaq 100 (Apple alone is the largest influence, accounting for 15% of the weight of the Nasdaq 100).</p><p>While Apple&#39;s valuation remains lofty at &#34;23x forward earnings, above both its long-term average and the market overall,&#34; which potentially exposes it to further volatility as market sentiment remains fragile over coming months in anticipation of a cascading economy, we believe its strong F4Q22 performance and positive tone heading into fiscal 2023 reinforces the company&#39;s fundamental strength. This means any market-driven volatility in the Apple stock over the near term will continue to create a compelling risk-reward opportunity.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is Apple A Buy After FQ4 2022 Earnings? Keep Your Eyes On Services</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs Apple A Buy After FQ4 2022 Earnings? Keep Your Eyes On Services\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-28 11:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4550088-is-apple-a-buy-after-f4q22-earnings-keep-your-eyes-on-services><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryApple has been a closely watched stock this earnings season as investors look to the consumer bellwether for hints of what's to come amid mounting macro uncertainties.The company posted upbeat ...</p>\n\n<a href=\"https://seekingalpha.com/article/4550088-is-apple-a-buy-after-f4q22-earnings-keep-your-eyes-on-services\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4550088-is-apple-a-buy-after-f4q22-earnings-keep-your-eyes-on-services","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100216928","content_text":"SummaryApple has been a closely watched stock this earnings season as investors look to the consumer bellwether for hints of what's to come amid mounting macro uncertainties.The company posted upbeat third quarter results, mixed with tempered growth in core iPhone and Services sales.Yet, the company's earnings beat and sustained 70%+ margins in Services despite lighter-than-expected growth continue to underscore the critical role of the segment for Apple.While Apple stock's outperformance this year compared to the broader market and peers potentially increases its vulnerability to further volatility, its robust fundamentals continue to support the $3 trillion thesis.Apple Inc. (NASDAQ:AAPL) has long been watched as the bellwether for consumer strength amid rising recession risks in recent months, and its latest resilience demonstrated in the September quarter with a double beat, paired with positive commentary on the business's strengths, sets a positive tone for fiscal 2023 despite looming macro uncertainties.Apple's September-quarter results suggest that affluent spend on premium products remains resilient, despite risks of overall consumer confidence deterioration in the near term with buckling budgets amid rising interest rates and inflation. This is further corroborated by stronger iPhone 14 Pro model sales compared with relatively lackluster take-rates on the new smartphone family's base model equivalents.We believe Apple's resilience demonstrated in the September quarter is also a result of prudent business management imposed at the decision-making level. This includes pulling forward the iPhone 14 launch to improve fiscal 2022 performance while allowing Apple to take advantage of earlier-than-expected holiday-season shopping trends this year as consumers spread out spending habits as budgets tighten amid an inflationary environment. Time and again, the value of Apple's prudent management at the decision-making level has shone through, playing a critical role in mitigating some of the impact from worsening consumer weakness observed in recent months that could have led to softer fundamentals.Meanwhile, management's allusion to \"strength of [Apple's] ecosystem, unmatched customer loyalty, and [an] active installed base of devices [reaching] a new all-time high\" kicks off fiscal 2023 with a strong positive note, underscoring the value of its pervasive ecosystem of high-demand hardware and complementary services that have become increasingly entwined with many aspects of daily personal settings, big and small. It is also consistent with rising investors' concerns about the impact of China - a critical market for Apple that showed signs of cracking after the company unleashed a rare round of discounts to attract demand over the summer.But sustained growth in the higher-margin Services segment continues to demonstrate the value of Apple's sprawling influence over the consumer end-market. This is further corroborated by Apple's earnings beat, underscoring the strength of Services' margins despite the tough consumer backdrop during the September quarter.While the stock has not lost as much of its value compared to its tech peers and the broader market amid this year's selloff, which raises concerns that it may become more \"vulnerable\" to further multiple contraction in the near-term given increasingly fragile market sentiment, we believe it will continue to fare better than most given the underlying business' robust fundamentals. Specifically, the robust momentum in Services maintained throughout the rising competition and deteriorating consumer sentiment in the third quarter continues to support its potential in ultimately accounting for half of Apple's valuation over the longer term, which reinforces the stock's$3 trillion thesis. Paired with Apple's upbeat F4Q22 results and management's positive tone on the forward prospects despite looming macro challenges, any near-term market volatility would likely continue to create compelling entry points for capitalizing on longer-term upsides.Profitable Growth is Key - And Services is Here For ItApple's Services segment demonstrated slower-than-expected but sustained growth in the September quarter, with sales increasing 5% y/y (inclusive of FX headwinds) and margins maintaining in the 70%-range despite inflationary pressures and consumer weakness. As discussed in our previous coverage on the stock, Apple's Services segment is becoming increasingly core to the company's long-term growth and profitability trajectory, especially with improved technological advancements in recent years and overall consumer weakness in the near-term lengthening upgrade cycles on devices.This is also music to investors' ears, as preference migrates from growth to profitability amid a souring macroeconomic outlook.In 2017, Apple - under the leadership of Tim Cook - vowed todoubleits services revenue by 2020. Since then, the segment has delivered with a multi-year compounded annual growth rate (\"CAGR\") of more than 20%, boasting close to $68.5 billion in annual revenues during fiscal 2021, and approaching $80 billion in the current fiscal year ending this week. Earlier this year, Wall Street predicted that Apple's services segment amounts to a$1.5 trillionvalue on its own, similar to our own predictions which will be discussed in further detail below.Although services sales growth has decelerated from its heights last year due to the moderation in demand from pulled-forward subscriptions during the pandemic era alongside broad-based macro weakness, the segment continues to boast robust double-digit expansion, reinforcing the bullish thesis surrounding Apple's sustained long-term growth and profitability trajectory.Source: \"Apple Services Is On A Critical Mission\"We see Services' critical role in safeguarding Apple's bottom line continuing into the upcoming holiday season, despite light growth and a slight miss as expected during the fiscal fourth quarter. We see our previously discussed base case where Services will continue to lead growth alongside hardware sales as a highly likely scenario as Apple navigates through macro challenges in the near term. And the company's recent decision to raise prices on some of its core Services offerings - including Apple TV+, Apple Music and the Apple One bundle - will likely give the segment's momentum another leg up heading into fiscal 2023, as opposed to weighing further on weakening consumer sentiment since Apple has a strong value proposition to do so.Apple TV+Apple raised the monthly Apple TV+ subscription rate from $4.99 to $6.99, and annual subscription rate from $49 to $69, which went into effect earlier this week. While the price hike for Apple TV+ is not small - a whopping 40%+ - it remains competitive relative to rival streaming platforms spanning Netflix(NFLX), Disney+(DIS), and HBO Max(WBD), to name a few, including their respective ad-supported tiers that are / will be marketed as a \"cheaper\" alternative.We also believe Apple has the right value proposition for jacking up Apple TV+'s pricing, which will effectively help reduce potential churn in the aftermath. Specifically, Apple TV+ was \"introduced at a very low price because it started with just a few shows and movies.\" But now, it has grown into an extensive library of \"award-winning and broadly acclaimed series, feature films, documentaries, and kids and family entertainment,\" which is further corroborated by its rapidly rising global market share of more than 6%, putting rival platforms on notice.Yet, at the new price tag of $6.99 per month, Apple TV+ - which is currently ad-free and offers unlimited access to its entire catalogue of scripted and non-scripted content, alongside live sporting events such as \"Friday Night Baseball\" - the streaming platform still beats equivalents in the pricing segment. This includes Netflix and Disney+'s upcoming ad-supported tier priced at $6.99 and $7.99 per month, respectively, and HBO Max's ad-supported tier priced at $10 per month, with some not even offering access to live sporting events, which is a key demand driver in streaming that Apple TV+ is benefiting from. This continues to underscore Apple TV+'s pricing advantage amid weakening consumer sentiment, with its latest price hike still more competitive than similarly-priced offerings by peers, while contributing meaningfully to the Services segment profit margins over the longer term.Apple MusicThe monthly subscription rate for Apple Music will increase from $9.99 to $10.99 for individuals, and the annual subscription rate from $99 to $109. This would effectively make the service more expensive than key rival Spotify's (SPOT) equivalent which is currently priced at $9.99 per month still.The price hike was implemented to compensate for increasing content licensing costs for creators. Although the price increase for Apple Music subscriptions may seem like it will be another blow to the service's already laggard market share(~15%) compared to Spotify's (>30%), we believe it will give Apple a leg up from a business and valuation perspective.Specifically, Spotify currently reels from narrowing profit margins due to the same cost increases identified by Apple, underscoring that similar price hikes will likely be coming soon anyway. As such, we view the increase to Apple Music prices as a strategic move that will not only contribute positively to the Services segment's bottom line but also without the risks of material churn despite consumer weakness.Apple One BundleThe Apple One bundle - which allows up to six service subscriptions at a discounted price - has also implemented price increases across all of its variants offered. The standard bundle (individual subscription for Apple Music, TV+, Arcade, and iCloud+ with 50GB storage) will have its monthly subscription rate increase from $14.95 to $16.95; family bundle (five-people subscription for Apple Music, TV+, Arcade, and iCloud+ with total 200GB storage) from $19.95 to $22.95; and Premier bundle (same as family bundle, plus News+ and Fitness+) from $29.95 to $32.95.The Apple One bundle has been a key contributor to overall growth observed in Apple's service subscription volumes and overall traction since its introduction in fiscal 2021, attracting new users to pay for subscription services that they otherwise would not have subscribed to without the bundle discount. The bundle discount - even after the recent price increase - adds another positive touch to the service-specific value propositions for subscribers as discussed in the earlier section, which we view as a critical factor to mitigating risks of churn, while further bolstering Services growth.The pricing advantage in Apple's Services segment is expected to contribute positively towards its longer-term valuation of about $1.5 trillion alone. Not only would it further improve the segment's profit margins - an increasingly prominent driver of Apple's free cash flows - but also help bolster the funding needed to support further expansion into additional services and upgrades that will aid penetration into a broader subscriber base over the longer term.Near-Term Investment Risks to ConsiderChina Risks: This has accordingly introduced demand risks to one of Apple's most core operating regions - China currently accounts of about a fifth of the company's consolidated sales and a quarter of the consolidated income. Concerns of said demand risks are further corroborated by the rare sighting of a direct pricing discount on certain devices introduced over the summer in China. Even during seasonality promotions - like back-to-school, Black Friday, and/or holiday-season sales - Apple has hardly ever offered direct pricing discounts, opting for gift card rebates on bundle purchases and/or gift-with-purchases instead.In addition to demand risks, Apple also faces supply risks and geopolitical risks in the region.Yet, we believe Apple has a few levers to pull still that can compensate for the said risks. On the supply front, Apple's importance to suppliers worldwide gives it leverage needed to compensate for supply-risk-driven cost efficiencies. This is consistent with Apple's power in price negotiations with key suppliers like Taiwan Semiconductor (TSM), as well as previous observations that the tech giant's \"size and importance to suppliers\" was able to help it secure key components better than peers during the peak of supply shortages. Meanwhile, on the demand front, increasing momentum in Services as discussed in the foregoing analysis is expected to partially shield Apple from hardware demand risks in China within the foreseeable future, especially with robust market share gains observed across core operating regions like the U.S. and Europe.Macro Risks: FX and consumer slowdown are the biggest macro risks facing Apple today. FX risks are inevitable given the company's massive overseas operations amid a surging dollar environment as the Fed remains fixed on an aggressive rate hike trajectory to counter runaway inflation. And on the consumer slowdown front, Apple's upbeat showing for the September quarter also supports continued resilience relative to peers spanning PC/smartphone makers and service providers that have been losing market share.In our view, we believe Mac and iPad sales are most susceptible to the near-term consumer slowdown, despite better-than-expected performance in the fiscal fourth quarter. First, the segments have already benefited from pulled-forward demand in the pandemic era, meaning forward momentum will likely remain moderate, especially with the looming economic downturn. Second, lost sales driven by supply chain constraints (most prominent in iPad segment) will likely see some of it becoming permanent instead of delayed due to consumers dialing back on discretionary spending amid deteriorating economic conditions. Lastly, previous expectations for stronger commercial IT spending that have benefited enterprise demand for Apple devices will likely moderate as well as budgets pullback to brace for near-term macroeconomic uncertainties. Worsening market trends are also contributing to anticipated challenges on Mac and iPad demand within the foreseeable future - the latest tally of global PC shipments in the calendar third quarter showed an accelerated decline this year, falling 6.8% y/y in 1Q22, 15% y/y in 2Q22, and 20% y/y in 3Q22, with 4Q22 numbers expected to worsen as consumers shun big-ticket items due to weakening spending power.Yet, momentum in Services paired with Apple's pricing advantage as discussed in the foregoing analysis remains a key business strength that is expected to partially cushion some of the near-term impact on the macro-driven slowdown in product demand. Product upgrades, such as the latest introduction of a new Mac and iPad line-up retrofitted with next-generation Apple silicon, will likely help salvage product demand as well. This is further corroborated by Apple's rapid climb to the top, dethroning legacy PC makers like Lenovo (OTCPK:LNVGY), HP (HPE), and Dell (DELL) to become theindustry leader in the first half of the year.Lengthening Product Cycle Risks: Improving technology at Apple is also lengthening the upgrade cycle on its line-up of devices, which will potentially stagger the Products segment's growth outlook over the longer term. But Apple still has many levers to pull from a pricing and technology point-of-view to counter risks of growth slowdown due to lengthening product cycles in our opinion. For instance, Apple's transition to in-house designed silicon is a key advantage that will help attract demand stemming from both upgrades and switches and partially offset the growth slowdown in Products given their lengthened lifecycles. The company's potential introduction of a device subscription service would also drive improved economics for its Products segment over the longer term.Nonetheless, hardware sales are expected to imminently grow slower than Apple's services sales, given product revenue cycles are comparatively lengthier. For services, recurring revenues stemming from subscriptions come on a monthly or annual basis. But for products like iPhones and Macs, their lifecycles have grown from two years in the past to now aboutthreetofouryears and more than five years, respectively, thanks to continuous technological improvements. To put into perspective, the standard iPhone 14 starts at $799, which translates to about $266 in revenue per share if broken down based on a three-year lifespan. Comparatively, an annual subscription for the Apple One Bundle starts at [$203.40 per year (or $16.95 per month)], which is not too far off from the average annual revenue per iPhone, while boasting significantly more profitable margins. And while Apple's iPhone sales may be benefiting from broader industry tailwinds stemming from 5G transition, its large installed base is bound slow in growth based on the law of large numbers, signalling the double-digit multi-year CAGRs it once enjoyed are no more. It is no wonder that the company has been reportedly working on the launch of aproduct subscription modelto safeguard better economics over the longer term.Source: \"Apple Services Is On A Critical Mission\"Final ThoughtsMarket sentiment is becoming increasingly fragile, with many investors looking to the performance of large and mega caps - especially Apple - for hints on what forward consumer sentiment might look like and what they mean for the broader tech sector and the economy overall ahead of rising recession risks. This is especially true given Apple, along with its mega-cap peers spanning Alphabet(GOOG/GOOGL), Microsoft(MSFT), and Amazon (AMZN), account for \"nearly a fifth\" of the S&P 500's value today, or more than 30%of the tech-heavy Nasdaq 100 (Apple alone is the largest influence, accounting for 15% of the weight of the Nasdaq 100).While Apple's valuation remains lofty at \"23x forward earnings, above both its long-term average and the market overall,\" which potentially exposes it to further volatility as market sentiment remains fragile over coming months in anticipation of a cascading economy, we believe its strong F4Q22 performance and positive tone heading into fiscal 2023 reinforces the company's fundamental strength. This means any market-driven volatility in the Apple stock over the near term will continue to create a compelling risk-reward opportunity.","news_type":1},"isVote":1,"tweetType":1,"viewCount":536,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9988404822,"gmtCreate":1666801164266,"gmtModify":1676537808621,"author":{"id":"4127309136508732","authorId":"4127309136508732","name":"cky92","avatar":"https://community-static.tradeup.com/news/30bf8de6f8868dfb35bef0e86df9a12b","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4127309136508732","authorIdStr":"4127309136508732"},"themes":[],"htmlText":"[Surprised]&nbsp;","listText":"[Surprised]&nbsp;","text":"[Surprised]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9988404822","repostId":"2278267718","repostType":2,"repost":{"id":"2278267718","pubTimestamp":1666743106,"share":"https://ttm.financial/m/news/2278267718?lang=&edition=fundamental","pubTime":"2022-10-26 08:11","market":"us","language":"en","title":"Musk Reportedly Tells Bankers Twitter Deal Will Close on Friday","url":"https://stock-news.laohu8.com/highlight/detail?id=2278267718","media":"Investing.com","summary":"Elon Musk reportedly told bankers financing the debt portion of his $44 billion deal that he plans t","content":"<html><head></head><body><p>Elon Musk reportedly told bankers financing the debt portion of his $44 billion deal that he plans to wrap up the transaction by Friday, Bloomberg news reported Tuesday.</p><p>Twitter (NYSE:TWTR) jumped more than 2% to $52.91, close to the $54.20 per share offer tabled by Musk.</p><p>Musk indicated that he would wrap up the deal following a video conference call with bankers, who are providing $13 billion in debt financing. The bankers completed the final credit agreement and were in the process of signing the documentation, the report said.</p><p>The deal appears to be reaching a conclusion just days ahead of a Friday deadline, imposed by a Delaware judge.</p><p>Musk recently asked a court to pause Twitter&#39;s lawsuit against him last month and revived hopes that he would move ahead with the deal after months of uncertainty.</p><p>Twitter filed the lawsuit earlier this year after Musk attempted to back away from the deal to acquire the social media company, citing worries about fake accounts on the social media platform.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Musk Reportedly Tells Bankers Twitter Deal Will Close on Friday</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\">\nMusk Reportedly Tells Bankers Twitter Deal Will Close on Friday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-26 08:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/musk-reportedly-tells-bankers-twitter-135326169.html><strong>Investing.com</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Elon Musk reportedly told bankers financing the debt portion of his $44 billion deal that he plans to wrap up the transaction by Friday, Bloomberg news reported Tuesday.Twitter (NYSE:TWTR) jumped more...</p>\n\n<a href=\"https://finance.yahoo.com/news/musk-reportedly-tells-bankers-twitter-135326169.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TWTR":"Twitter"},"source_url":"https://finance.yahoo.com/news/musk-reportedly-tells-bankers-twitter-135326169.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2278267718","content_text":"Elon Musk reportedly told bankers financing the debt portion of his $44 billion deal that he plans to wrap up the transaction by Friday, Bloomberg news reported Tuesday.Twitter (NYSE:TWTR) jumped more than 2% to $52.91, close to the $54.20 per share offer tabled by Musk.Musk indicated that he would wrap up the deal following a video conference call with bankers, who are providing $13 billion in debt financing. The bankers completed the final credit agreement and were in the process of signing the documentation, the report said.The deal appears to be reaching a conclusion just days ahead of a Friday deadline, imposed by a Delaware judge.Musk recently asked a court to pause Twitter's lawsuit against him last month and revived hopes that he would move ahead with the deal after months of uncertainty.Twitter filed the lawsuit earlier this year after Musk attempted to back away from the deal to acquire the social media company, citing worries about fake accounts on the social media platform.","news_type":1},"isVote":1,"tweetType":1,"viewCount":169,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9988404127,"gmtCreate":1666801144969,"gmtModify":1676537808621,"author":{"id":"4127309136508732","authorId":"4127309136508732","name":"cky92","avatar":"https://community-static.tradeup.com/news/30bf8de6f8868dfb35bef0e86df9a12b","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4127309136508732","authorIdStr":"4127309136508732"},"themes":[],"htmlText":"😢","listText":"😢","text":"😢","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9988404127","repostId":"1101935799","repostType":2,"repost":{"id":"1101935799","pubTimestamp":1666756314,"share":"https://ttm.financial/m/news/1101935799?lang=&edition=fundamental","pubTime":"2022-10-26 11:51","market":"us","language":"en","title":"Is Google A Buy After Q3 Earnings? The Moment Of Truth Is Here","url":"https://stock-news.laohu8.com/highlight/detail?id=1101935799","media":"Seeking Alpha","summary":"SummaryGoogle's Q3 2022 was a double-miss on both the top- and bottom-lines. Yet, its core underlyin","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Google&#39;s Q3 2022 was a double-miss on both the top- and bottom-lines. Yet, its core underlying business in advertising and cloud-computing remains strong.</li><li>FX was the biggest drag on Google&#39;s results, which was further corroborated by double-digit constant currency growth observed across its core segments, as previously expected.</li><li>We believe Google&#39;s Q3 2022 results demonstrate resilience, making the stock&#39;s latest knee-jerk pullback on the double-miss a compelling entry opportunity.</li></ul><p>No company is immune to looming macroeconomic headwinds, yet Alphabet Inc.’s (NASDAQ: GOOG, NASDAQ: GOOGL) (&#34;Google&#34;)Q3 2022 results have proven that it continues to be more resilient than most – especially its ad-focused peers that continue to reel from the double-whammy of macro-driven ad spending weakness and Apple’s (AAPL) signal loss. Despite the weight of FX headwinds which were largely expected given the rapid surge in the dollar in recent months and observed in the large gap between Google’s 6% y/y revenue growth and the 11% constant currency equivalent, the company continued to benefit from “growth in Search and momentum in Cloud.”</p><p>Google Search and YouTube advertising demand was a key focus area for many investors heading into its latest earnings release, as talks about softening ad spending have gained momentum in recent months. Markets have been bracing for a slowdown in consumer spending and an impending recession. Investors’ angst only worsened after advertising peer Snap Inc. (SNAP) reported the “worst revenue growth rate in its history,” elevating concerns over rising competition and broader macro headwinds. However, Google’s delivery of advertising sales growth in Q3 2022 (inclusive of FX headwind) suggests it continues to benefit as a market leader, as advertisers remain cautions on the allocation of ad dollars, favoring the best “value for money” ad distribution channels amid a looming economic downturn.</p><p>Google Cloud is another key spotlight for the company, as the segment maintains momentum by benefiting from the increasing adoption of a multi-cloud strategy across the commercial sector. The segment’s continued growth also contributes positively to its profitability trajectory – something that investors are hoping would come soon to match the lucrative margins achieved by rivals AWS (AMZN) and Azure (MSFT).</p><p>Solid fundamentals backed by a sustained moat, paired with its increasing share in the burgeoning cloud market continues to be the key bullish narratives driving the Google stock’s forward uptrend prospects. While Google has made a few brief appearances in the sub-$100 level over recent weeks, we remain optimistic that the stock has found bottom at current levels of about 20x forward earnings compared with the large-cap median of around 28x.</p><p><b>Google Shows How Valuable Its Moat Is</b></p><p>Google’s moat in digital ads has long been dubbed its key bullish thesis. Yet, nobody has really seen how strong and resilient it has become until the rapid deterioration of global macroeconomic conditions observed in recent months. The company’s 3Q22 ad revenue growth (+6% y/y; -1% q/q, inclusive of FX headwinds) continues to demonstrate not only the competitive advantage of its market dominance, but also the prudent management of its ad business strategy with diversified distribution outlets to mitigate concentration risk (cue social media turmoil with data signal loss).</p><p>Major challenges in digital advertising today include diminishing ad dollars ahead of a looming recession, industry-specific headwinds regarding restricted user data access, and an overall increase in competition. But Google’s moat with Search and YouTube continues mitigate its exposure to such risks.</p><p>Digital formats currently account for close to two-thirds of ad placements, displacing traditional distribution channels (e.g., linear TV; radio; paper). The majority of ad dollars were allocated to digital media in 1H22, with search and short-form video being two of the most common platforms, boasting19% and 14% y/y growth, respectively. And the trends are expected to last in the foreseeable future, with search ads expected to close the current year with at least 17% y/y growth, and short-form video/streaming 22%.</p><p>This continues to make strong tailwinds for Google’s advertising business, representing a massive growth opportunity for its moat to capitalize on. This is especially true under the current market climate, where advertisers are looking for distribution formats that can provide good value for money. YouTube currently accounts for 8% of all TV usage in the U.S. alone, beating Netflix’s(NFLX) 7%, which supports favorable reach for ads. Despite rising competition from TikTok on capturing share of total user screen time, Google’s equivalent YouTube Shorts are capitalizing on digital advertising opportunities well by improving monetizationand enabling ad revenue sharing with content creators. Meanwhile, Google Search remains the leading online search engine, facilitating close to 10 billion search requests per day.</p><p>Merchants currently spend on average 3.8% of its revenues on advertising, which is a material number considering the increasing focus on expanding profit margins to brace for the impending market downturn. Recentresearchshows that ad spending needs to be within the range of 1% to 9% of revenues paired with a fair “channel mix” in order to achieve optimal engagement and conversion results. With Google Search and YouTube being dominant ad distribution engines today, the company continues to be the best choice for all advertisers and merchants, large and small.</p><p>In addition to favorable market trends, Google’s advertising business is also expected to benefit from improved ad spending ahead of the upcoming holiday season. Industry trackers continue to show that m/m ad spending has steadily increased since September, with holiday advertising budgets “ratcheting up” earlier than expected this year in October. This is further corroborated with expectations for the holiday shopping season to startearlierthis year, as consumers look to take advantage of sales and discounts to compensate for rising inflationary pressures.</p><p>In addition to expectations for improved demand volume in 4Q22, we also think Google will benefit from pricing gains. Specifically, recent 3P data has demonstrated some “bias in ad spend towards [Meta Platforms] (META) compared to Google due to [return on ad spending / cost per action] (“ROA” / “CPA”) improvements via Advantage+” (Advantage+ is a new advertising format offered by Meta Platforms – see morehere). While this may seem like competition headwinds for Google, we think its higher cost per mille (“CPM,” or cost per every 1,000 ad impressions) will pay-off over the longer-term. This circles back to Google’s moat in digital ads – its platforms deliver. Although Meta Platforms has beenlowering its ad pricingsteadily this year to attract better take-rates and compensate Apple’s signal loss headwinds (which is good for the company, in our opinion), we think the fact that market expectations for social media ad spend to fall from 38% y/y growth last year to merely 3.2% y/y growth this year continues to corroborate more robust demand for Google’s advertising formats within the foreseeable future – especially as advertisers remain cautious on ad spending in the near-term.</p><p><b>GCP On Cloud 9</b></p><p>Although Google Cloud Platform (“GCP”) is currently the third largest public cloud service provider, it has always been the underdog given the glaring distance between its market share size compared to AWS and Azure’s. Yet, the increasing adoption of a multi-cloud strategy across corporate settings due to benefits spanning “risk mitigation, reliability/redundancy”, multi-function availability, and most importantly, cost-efficiencies is narrowing that gap for GCP from its leading contenders. And the segment’s robust 3Q22 results (revenue +38% y/y, +9% q/q; operating loss lowered by 19% q/q) solidifies that outlook.</p><p>Looking ahead, we see a continuation of this gradual build-up in GCP momentum supported by favorable take-rates observed across both large enterprises and small- and medium-sized businesses. And this will be critical to bringing the segment to ultimate profitability that imitates the ever-expanding margins observed at AWS and Azure through rapid scale, providing another cash-generating moat for the consolidated company.</p><p>Currently, close to 90% of corporations that have begun their respective transitions from legacy IT infrastructures to the cloud have indicated that they use “multiple public cloud providers,” with many indicating spending intentions on GCP in the foreseeable future, underscoring potential for greater penetration into opportunities across large and medium-sized enterprises currently dominated by AWS and Azure within the near-term. GCP is also gaining traction among small enterprises, tying with Azure in second place in terms of market share at 30%. Although SMBs are typically considered the more recession-prone cohort, which could potentially subject GCP to greater macro risk exposure within the near-term relative to AWS and Azure, cloud budgets have remained resilient so far:</p><blockquote>[Dan] Ives said cybersecurity earnings should also hold up well as spending on cloud transformation projects, data analytics and hybrid cloud integrations are still getting &#34;green lighted&#34; by many companies due to budgets already being set going into next year.</blockquote><blockquote>Source:Seeking Alpha</blockquote><p>This is also consistent with findings discussed in ourprevious coverage, where the migration to cloud remains a key deflationary factor:</p><blockquote>Google Cloud’s continued growth trajectory is further corroborated by resilient demand despite broad-based macro challenges – building a digital fabric remains acritical missionfor the commercial sector in order to ensure &#34;improved productivity in the inflationary environment&#34;, meaning IT spending on migrating workloads to the cloud and other digital transformation projects will remain strong.</blockquote><blockquote>Source: “Google&#39;s Post-Earnings Rally Signals The Bottom Is In”</blockquote><p>We also view Google’s plans to penetrate underserved markets as a prudent strategy to address the massive market share gap between GCP and market leaders AWS and Azure. The company’s latest decision to introduce its cloud-computing services inSouth Africaas part of its $1 billion multi-year investment strategy in Africa is expected to further its global market share within the fast-expanding industry. By building out local cloud infrastructure in South Africa, GCP ensures reliability of its services provided, while also addressing local data storage requirements, making it an optimal choice for the region’s commercial segment.</p><p>In addition to expanding GCP’s global availability to bolster its competitiveness within the cloud-computing market, Google has also ramped up its AI capabilities and related offerings, addressing a factor that has become increasingly critical within commercial IT environments. These include the recent introduction ofVertex AI Vision, an AI-enabled image recognition tool;Translation Hub, which uses AI to translate entire documents in 135 different languages; andContact Center AI, an AI-enabled customer service tool. By double-downing on developments in AI/ML, Google effectively bolsters GCP’s ability to address increasing considerations/demand for automation when key decision-makers evaluate IT vendors today. This is also consistent with the fact thatmore than 40%of corporate employees across the U.S. have pointed to the use of low-code techniques as critical in the increasingly data-driven workplace.</p><p>Last but not least, Google’s acquisition of Mandiant this year is expected to further improve GCP growth over the longer-term. Security currently presents itself as the most resilient segment in software amid looming recession risks. Close to 95% of corporate America has suggested that security spend will continue to increase despite near-term macro uncertainties, making it a key investment area due to an increased urgency to protect data fromrising cyber threats.</p><p>The Google-Mandiant combination has already resulted in synergies, with a new joint cybersecurity initiative –Mandiant Breach AnalyticsforChronicle Security Operations– to address said opportunities. Chronicle is a suite of cybersecurity solutions offered as part of GCP. And Mandiant Breach Analytics is the newest cyber threat detection and response tool developed by Mandiant that leverages the “power of the Google Cloud Chronicle Security Operations suite” to enable rapid threat detection and response. Key features of Mandiant Breach Analytics include reducing the time between “cyber intrusion” and “discovery and response” from the current average of about 21 days, and offering “active insight into threats” that can help GCP customers take swift action to “mitigate the impact of targeted attacks, while reducing the cost of current approaches.”</p><p><b>Key Risk Considerations</b></p><p>The irony between Google’s 3Q double-miss and outperforming fundamentals compared to its peer group underscores the impact of growing FX headwinds on the business. With the dollar expected to maintain a rapid rise over coming months as the Fed remains pressed on an aggressive rate hike agenda to tame inflation, FX will remain a near-term overhang on Google’s fundamental performance. More than half of the company’s revenues are currently generated from operations outside of the U.S., underscoring its significant exposure to FX headwinds over coming months. Yet, this is not an idiosyncratic risk to Google – in fact, even if the business shows 100% resiliency against the looming economic downturn, FX impacts will still erode its fundamental outperformance due to the global scale of its business.</p><p>Competition is another key risk, though Google is expected to navigate through this business challenge better than peers. On the advertising front, Google continues to benefit from market leading reach, especially in Search. Meanwhile, YouTube remains a key shareholder of daily user screentime. Although YouTube ad revenues showed its first sequential decline in two years during the third quarter, which implies softness in take-rates that were insufficient to overcome FX headwinds, we expect results from the newly implemented monetization efforts on Shorts paired with the platform’s increasing share of user screen time to ramp up and become more evident over coming months. Meanwhile, on the cloud-computing front, we believe GCP’s momentum demonstrated in 3Q22 puts rivals AWS and Azure on notice – if anything, GCP is a rising contender, instead of one that is losing market share within the fast-expanding yet increasingly crowded cloud-computing landscape.</p><p><b>Final Thoughts</b></p><p>Google’s resilience demonstrated through a tough 3Q22 macro environment should assuage investors’ concerns over increasing fragility in ad spending given looming economic weakness. We believe 3Q was a big test for investors’ confidence in the Google stock, and the company’s robust fundamental showing (barring FX headwinds) and favorable forward market trends discussed in the foregoing analysis over the immediate- and longer-term shows it has passed the test.</p><p>With Google now trading below “its 10-year average and the Nasdaq 100 overall,” and underlying fundamentals that continue to outperform those of its peers, the latest market selloff has created a compelling entry opportunity for Google stock as a long-term investment.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is Google A Buy After Q3 Earnings? The Moment Of Truth Is Here</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs Google A Buy After Q3 Earnings? The Moment Of Truth Is Here\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-26 11:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4549071-is-google-a-buy-after-q3-earnings-the-moment-of-truth-is-here><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryGoogle's Q3 2022 was a double-miss on both the top- and bottom-lines. Yet, its core underlying business in advertising and cloud-computing remains strong.FX was the biggest drag on Google's ...</p>\n\n<a href=\"https://seekingalpha.com/article/4549071-is-google-a-buy-after-q3-earnings-the-moment-of-truth-is-here\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOG":"谷歌","GOOGL":"谷歌A"},"source_url":"https://seekingalpha.com/article/4549071-is-google-a-buy-after-q3-earnings-the-moment-of-truth-is-here","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1101935799","content_text":"SummaryGoogle's Q3 2022 was a double-miss on both the top- and bottom-lines. Yet, its core underlying business in advertising and cloud-computing remains strong.FX was the biggest drag on Google's results, which was further corroborated by double-digit constant currency growth observed across its core segments, as previously expected.We believe Google's Q3 2022 results demonstrate resilience, making the stock's latest knee-jerk pullback on the double-miss a compelling entry opportunity.No company is immune to looming macroeconomic headwinds, yet Alphabet Inc.’s (NASDAQ: GOOG, NASDAQ: GOOGL) (\"Google\")Q3 2022 results have proven that it continues to be more resilient than most – especially its ad-focused peers that continue to reel from the double-whammy of macro-driven ad spending weakness and Apple’s (AAPL) signal loss. Despite the weight of FX headwinds which were largely expected given the rapid surge in the dollar in recent months and observed in the large gap between Google’s 6% y/y revenue growth and the 11% constant currency equivalent, the company continued to benefit from “growth in Search and momentum in Cloud.”Google Search and YouTube advertising demand was a key focus area for many investors heading into its latest earnings release, as talks about softening ad spending have gained momentum in recent months. Markets have been bracing for a slowdown in consumer spending and an impending recession. Investors’ angst only worsened after advertising peer Snap Inc. (SNAP) reported the “worst revenue growth rate in its history,” elevating concerns over rising competition and broader macro headwinds. However, Google’s delivery of advertising sales growth in Q3 2022 (inclusive of FX headwind) suggests it continues to benefit as a market leader, as advertisers remain cautions on the allocation of ad dollars, favoring the best “value for money” ad distribution channels amid a looming economic downturn.Google Cloud is another key spotlight for the company, as the segment maintains momentum by benefiting from the increasing adoption of a multi-cloud strategy across the commercial sector. The segment’s continued growth also contributes positively to its profitability trajectory – something that investors are hoping would come soon to match the lucrative margins achieved by rivals AWS (AMZN) and Azure (MSFT).Solid fundamentals backed by a sustained moat, paired with its increasing share in the burgeoning cloud market continues to be the key bullish narratives driving the Google stock’s forward uptrend prospects. While Google has made a few brief appearances in the sub-$100 level over recent weeks, we remain optimistic that the stock has found bottom at current levels of about 20x forward earnings compared with the large-cap median of around 28x.Google Shows How Valuable Its Moat IsGoogle’s moat in digital ads has long been dubbed its key bullish thesis. Yet, nobody has really seen how strong and resilient it has become until the rapid deterioration of global macroeconomic conditions observed in recent months. The company’s 3Q22 ad revenue growth (+6% y/y; -1% q/q, inclusive of FX headwinds) continues to demonstrate not only the competitive advantage of its market dominance, but also the prudent management of its ad business strategy with diversified distribution outlets to mitigate concentration risk (cue social media turmoil with data signal loss).Major challenges in digital advertising today include diminishing ad dollars ahead of a looming recession, industry-specific headwinds regarding restricted user data access, and an overall increase in competition. But Google’s moat with Search and YouTube continues mitigate its exposure to such risks.Digital formats currently account for close to two-thirds of ad placements, displacing traditional distribution channels (e.g., linear TV; radio; paper). The majority of ad dollars were allocated to digital media in 1H22, with search and short-form video being two of the most common platforms, boasting19% and 14% y/y growth, respectively. And the trends are expected to last in the foreseeable future, with search ads expected to close the current year with at least 17% y/y growth, and short-form video/streaming 22%.This continues to make strong tailwinds for Google’s advertising business, representing a massive growth opportunity for its moat to capitalize on. This is especially true under the current market climate, where advertisers are looking for distribution formats that can provide good value for money. YouTube currently accounts for 8% of all TV usage in the U.S. alone, beating Netflix’s(NFLX) 7%, which supports favorable reach for ads. Despite rising competition from TikTok on capturing share of total user screen time, Google’s equivalent YouTube Shorts are capitalizing on digital advertising opportunities well by improving monetizationand enabling ad revenue sharing with content creators. Meanwhile, Google Search remains the leading online search engine, facilitating close to 10 billion search requests per day.Merchants currently spend on average 3.8% of its revenues on advertising, which is a material number considering the increasing focus on expanding profit margins to brace for the impending market downturn. Recentresearchshows that ad spending needs to be within the range of 1% to 9% of revenues paired with a fair “channel mix” in order to achieve optimal engagement and conversion results. With Google Search and YouTube being dominant ad distribution engines today, the company continues to be the best choice for all advertisers and merchants, large and small.In addition to favorable market trends, Google’s advertising business is also expected to benefit from improved ad spending ahead of the upcoming holiday season. Industry trackers continue to show that m/m ad spending has steadily increased since September, with holiday advertising budgets “ratcheting up” earlier than expected this year in October. This is further corroborated with expectations for the holiday shopping season to startearlierthis year, as consumers look to take advantage of sales and discounts to compensate for rising inflationary pressures.In addition to expectations for improved demand volume in 4Q22, we also think Google will benefit from pricing gains. Specifically, recent 3P data has demonstrated some “bias in ad spend towards [Meta Platforms] (META) compared to Google due to [return on ad spending / cost per action] (“ROA” / “CPA”) improvements via Advantage+” (Advantage+ is a new advertising format offered by Meta Platforms – see morehere). While this may seem like competition headwinds for Google, we think its higher cost per mille (“CPM,” or cost per every 1,000 ad impressions) will pay-off over the longer-term. This circles back to Google’s moat in digital ads – its platforms deliver. Although Meta Platforms has beenlowering its ad pricingsteadily this year to attract better take-rates and compensate Apple’s signal loss headwinds (which is good for the company, in our opinion), we think the fact that market expectations for social media ad spend to fall from 38% y/y growth last year to merely 3.2% y/y growth this year continues to corroborate more robust demand for Google’s advertising formats within the foreseeable future – especially as advertisers remain cautious on ad spending in the near-term.GCP On Cloud 9Although Google Cloud Platform (“GCP”) is currently the third largest public cloud service provider, it has always been the underdog given the glaring distance between its market share size compared to AWS and Azure’s. Yet, the increasing adoption of a multi-cloud strategy across corporate settings due to benefits spanning “risk mitigation, reliability/redundancy”, multi-function availability, and most importantly, cost-efficiencies is narrowing that gap for GCP from its leading contenders. And the segment’s robust 3Q22 results (revenue +38% y/y, +9% q/q; operating loss lowered by 19% q/q) solidifies that outlook.Looking ahead, we see a continuation of this gradual build-up in GCP momentum supported by favorable take-rates observed across both large enterprises and small- and medium-sized businesses. And this will be critical to bringing the segment to ultimate profitability that imitates the ever-expanding margins observed at AWS and Azure through rapid scale, providing another cash-generating moat for the consolidated company.Currently, close to 90% of corporations that have begun their respective transitions from legacy IT infrastructures to the cloud have indicated that they use “multiple public cloud providers,” with many indicating spending intentions on GCP in the foreseeable future, underscoring potential for greater penetration into opportunities across large and medium-sized enterprises currently dominated by AWS and Azure within the near-term. GCP is also gaining traction among small enterprises, tying with Azure in second place in terms of market share at 30%. Although SMBs are typically considered the more recession-prone cohort, which could potentially subject GCP to greater macro risk exposure within the near-term relative to AWS and Azure, cloud budgets have remained resilient so far:[Dan] Ives said cybersecurity earnings should also hold up well as spending on cloud transformation projects, data analytics and hybrid cloud integrations are still getting \"green lighted\" by many companies due to budgets already being set going into next year.Source:Seeking AlphaThis is also consistent with findings discussed in ourprevious coverage, where the migration to cloud remains a key deflationary factor:Google Cloud’s continued growth trajectory is further corroborated by resilient demand despite broad-based macro challenges – building a digital fabric remains acritical missionfor the commercial sector in order to ensure \"improved productivity in the inflationary environment\", meaning IT spending on migrating workloads to the cloud and other digital transformation projects will remain strong.Source: “Google's Post-Earnings Rally Signals The Bottom Is In”We also view Google’s plans to penetrate underserved markets as a prudent strategy to address the massive market share gap between GCP and market leaders AWS and Azure. The company’s latest decision to introduce its cloud-computing services inSouth Africaas part of its $1 billion multi-year investment strategy in Africa is expected to further its global market share within the fast-expanding industry. By building out local cloud infrastructure in South Africa, GCP ensures reliability of its services provided, while also addressing local data storage requirements, making it an optimal choice for the region’s commercial segment.In addition to expanding GCP’s global availability to bolster its competitiveness within the cloud-computing market, Google has also ramped up its AI capabilities and related offerings, addressing a factor that has become increasingly critical within commercial IT environments. These include the recent introduction ofVertex AI Vision, an AI-enabled image recognition tool;Translation Hub, which uses AI to translate entire documents in 135 different languages; andContact Center AI, an AI-enabled customer service tool. By double-downing on developments in AI/ML, Google effectively bolsters GCP’s ability to address increasing considerations/demand for automation when key decision-makers evaluate IT vendors today. This is also consistent with the fact thatmore than 40%of corporate employees across the U.S. have pointed to the use of low-code techniques as critical in the increasingly data-driven workplace.Last but not least, Google’s acquisition of Mandiant this year is expected to further improve GCP growth over the longer-term. Security currently presents itself as the most resilient segment in software amid looming recession risks. Close to 95% of corporate America has suggested that security spend will continue to increase despite near-term macro uncertainties, making it a key investment area due to an increased urgency to protect data fromrising cyber threats.The Google-Mandiant combination has already resulted in synergies, with a new joint cybersecurity initiative –Mandiant Breach AnalyticsforChronicle Security Operations– to address said opportunities. Chronicle is a suite of cybersecurity solutions offered as part of GCP. And Mandiant Breach Analytics is the newest cyber threat detection and response tool developed by Mandiant that leverages the “power of the Google Cloud Chronicle Security Operations suite” to enable rapid threat detection and response. Key features of Mandiant Breach Analytics include reducing the time between “cyber intrusion” and “discovery and response” from the current average of about 21 days, and offering “active insight into threats” that can help GCP customers take swift action to “mitigate the impact of targeted attacks, while reducing the cost of current approaches.”Key Risk ConsiderationsThe irony between Google’s 3Q double-miss and outperforming fundamentals compared to its peer group underscores the impact of growing FX headwinds on the business. With the dollar expected to maintain a rapid rise over coming months as the Fed remains pressed on an aggressive rate hike agenda to tame inflation, FX will remain a near-term overhang on Google’s fundamental performance. More than half of the company’s revenues are currently generated from operations outside of the U.S., underscoring its significant exposure to FX headwinds over coming months. Yet, this is not an idiosyncratic risk to Google – in fact, even if the business shows 100% resiliency against the looming economic downturn, FX impacts will still erode its fundamental outperformance due to the global scale of its business.Competition is another key risk, though Google is expected to navigate through this business challenge better than peers. On the advertising front, Google continues to benefit from market leading reach, especially in Search. Meanwhile, YouTube remains a key shareholder of daily user screentime. Although YouTube ad revenues showed its first sequential decline in two years during the third quarter, which implies softness in take-rates that were insufficient to overcome FX headwinds, we expect results from the newly implemented monetization efforts on Shorts paired with the platform’s increasing share of user screen time to ramp up and become more evident over coming months. Meanwhile, on the cloud-computing front, we believe GCP’s momentum demonstrated in 3Q22 puts rivals AWS and Azure on notice – if anything, GCP is a rising contender, instead of one that is losing market share within the fast-expanding yet increasingly crowded cloud-computing landscape.Final ThoughtsGoogle’s resilience demonstrated through a tough 3Q22 macro environment should assuage investors’ concerns over increasing fragility in ad spending given looming economic weakness. We believe 3Q was a big test for investors’ confidence in the Google stock, and the company’s robust fundamental showing (barring FX headwinds) and favorable forward market trends discussed in the foregoing analysis over the immediate- and longer-term shows it has passed the test.With Google now trading below “its 10-year average and the Nasdaq 100 overall,” and underlying fundamentals that continue to outperform those of its peers, the latest market selloff has created a compelling entry opportunity for Google stock as a long-term investment.","news_type":1},"isVote":1,"tweetType":1,"viewCount":68,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9988404052,"gmtCreate":1666801036077,"gmtModify":1676537808613,"author":{"id":"4127309136508732","authorId":"4127309136508732","name":"cky92","avatar":"https://community-static.tradeup.com/news/30bf8de6f8868dfb35bef0e86df9a12b","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4127309136508732","authorIdStr":"4127309136508732"},"themes":[],"htmlText":"Yeah","listText":"Yeah","text":"Yeah","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9988404052","repostId":"2278956774","repostType":4,"repost":{"id":"2278956774","pubTimestamp":1666798201,"share":"https://ttm.financial/m/news/2278956774?lang=&edition=fundamental","pubTime":"2022-10-26 23:30","market":"us","language":"en","title":"3 Big-Time Passive Income Stocks to Consider Loading Up On During the Bear Market","url":"https://stock-news.laohu8.com/highlight/detail?id=2278956774","media":"Motley Fool","summary":"These companies offer big-time dividend yields.","content":"<html><head></head><body><p>Bear markets can be an opportunity for those with cash sitting on the sidelines. With stock prices falling more than 20%, dividend yields are surging. And that means you can earn more passive income from money invested amid a bear market.</p><p>Three high-quality companies currently offering big-time dividend yields because of the bear market are <b>Verizon</b>, <b>Intel</b>, and <b>Walgreen Boots Alliance</b>. Here&#39;s why passive-income seekers should consider loading up on these big-time dividend stocks.</p><h2>A cash flow machine</h2><p>Shares of telecom giant Verizon have tumbled nearly 35% from their recent high. That slump has pushed Verizon&#39;s dividend yield up over 7%.</p><p>Verizon has an excellent dividend track record. Last month the company increased its quarterly dividend payment by another 2%. That marked the company&#39;s 16th straight year of increasing its dividend, the longest in the telecom industry.</p><p>The company generates plenty of cash to cover its big-time payout. Verizon&#39;s business generated $28.2 billion of cash from operations during the first nine months of 2022, more than covering the $15.8 billion it invested in maintaining and expanding its network. That left it with $12.4 billion of free cash flow, allowing it to fund its $8.1 billion dividend outlay and strengthen its solid balance sheet. The company expects its network investments to drive future growth, which should enable it to continue increasing its dividend.</p><h2>Multiple funding sources put the dividend on a solid foundation</h2><p>Shares of semiconductor giant Intel have plummeted more than 50% this year. That has pushed Intel&#39;s dividend yield up over 5%.</p><p>Intel&#39;s expansion plans have weighed on its share price. The company plans to invest $23 billion in capital projects, including constructing several chip manufacturing plants. The company expects its adjusted free cash flow to fall in a range of negative-$1 billion to $2-billion this year as a result. Some investors are therefore concerned that Intel can&#39;t afford its dividend, which totaled nearly $3 billion during the first half of this year.</p><p>However, Intel has an A-rated balance sheet with $27 billion of cash at the end of the first quarter. It also expects to raise additional money by completing an initial public offering of its Mobileye unit. Meanwhile, the company secured <b>Brookfield Infrastructure</b> as a funding partner for two manufacturing plants. Brookfield will finance 49% of the up to $30 billion needed to build those facilities. Because of these factors, Intel believes it can maintain and continue growing its dividend during this expansion phase.</p><h2>The transformation is on track</h2><p>Walgreens Boots Alliance has lost more than 35% of its value this year, and its dividend yield has risen above 5.5%. That&#39;s a very attractive payout for a company with Walgreens&#39; dividend track record.</p><p>The consumer-centric healthcare company increased its payout for the 47th straight year. That easily qualifies it as a Dividend Aristocrat and puts it a few years shy of the even more elite class of Dividend Kings.</p><p>Walgreens is currently transforming from a pharmacy retailer to a consumer-centric healthcare company. It sees its investments in that strategy driving accelerating core growth in 2023. Meanwhile, it expects its earnings per share to build toward a low-teens annual growth rate in its 2025 fiscal year and beyond. That forecast suggests Walgreens should have no problem continuing to grow its big-time payout in the future.</p><h2>Boost your passive income with these bear market sales</h2><p>Stock prices are tumbling as investors price in the near-term possibility of an economic downturn. While a recession will affect some companies&#39; ability to finance their growth and dividend payments, it won&#39;t affect Verizon, Intel, and Walgreens since they generate lots of cash and have solid balance sheets. They should be able to continue growing their dividends in the coming years. With their stock prices lower and dividend yields higher, they look like attractive options for those looking to take advantage of the bear market to boost their passive income.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Big-Time Passive Income Stocks to Consider Loading Up On During the Bear Market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Big-Time Passive Income Stocks to Consider Loading Up On During the Bear Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-26 23:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/10/26/3-big-time-passive-income-stocks-to-consider-loadi/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bear markets can be an opportunity for those with cash sitting on the sidelines. With stock prices falling more than 20%, dividend yields are surging. And that means you can earn more passive income ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/10/26/3-big-time-passive-income-stocks-to-consider-loadi/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"VZ":"威瑞森","WBA":"沃尔格林联合博姿","INTC":"英特尔"},"source_url":"https://www.fool.com/investing/2022/10/26/3-big-time-passive-income-stocks-to-consider-loadi/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2278956774","content_text":"Bear markets can be an opportunity for those with cash sitting on the sidelines. With stock prices falling more than 20%, dividend yields are surging. And that means you can earn more passive income from money invested amid a bear market.Three high-quality companies currently offering big-time dividend yields because of the bear market are Verizon, Intel, and Walgreen Boots Alliance. Here's why passive-income seekers should consider loading up on these big-time dividend stocks.A cash flow machineShares of telecom giant Verizon have tumbled nearly 35% from their recent high. That slump has pushed Verizon's dividend yield up over 7%.Verizon has an excellent dividend track record. Last month the company increased its quarterly dividend payment by another 2%. That marked the company's 16th straight year of increasing its dividend, the longest in the telecom industry.The company generates plenty of cash to cover its big-time payout. Verizon's business generated $28.2 billion of cash from operations during the first nine months of 2022, more than covering the $15.8 billion it invested in maintaining and expanding its network. That left it with $12.4 billion of free cash flow, allowing it to fund its $8.1 billion dividend outlay and strengthen its solid balance sheet. The company expects its network investments to drive future growth, which should enable it to continue increasing its dividend.Multiple funding sources put the dividend on a solid foundationShares of semiconductor giant Intel have plummeted more than 50% this year. That has pushed Intel's dividend yield up over 5%.Intel's expansion plans have weighed on its share price. The company plans to invest $23 billion in capital projects, including constructing several chip manufacturing plants. The company expects its adjusted free cash flow to fall in a range of negative-$1 billion to $2-billion this year as a result. Some investors are therefore concerned that Intel can't afford its dividend, which totaled nearly $3 billion during the first half of this year.However, Intel has an A-rated balance sheet with $27 billion of cash at the end of the first quarter. It also expects to raise additional money by completing an initial public offering of its Mobileye unit. Meanwhile, the company secured Brookfield Infrastructure as a funding partner for two manufacturing plants. Brookfield will finance 49% of the up to $30 billion needed to build those facilities. Because of these factors, Intel believes it can maintain and continue growing its dividend during this expansion phase.The transformation is on trackWalgreens Boots Alliance has lost more than 35% of its value this year, and its dividend yield has risen above 5.5%. That's a very attractive payout for a company with Walgreens' dividend track record.The consumer-centric healthcare company increased its payout for the 47th straight year. That easily qualifies it as a Dividend Aristocrat and puts it a few years shy of the even more elite class of Dividend Kings.Walgreens is currently transforming from a pharmacy retailer to a consumer-centric healthcare company. It sees its investments in that strategy driving accelerating core growth in 2023. Meanwhile, it expects its earnings per share to build toward a low-teens annual growth rate in its 2025 fiscal year and beyond. That forecast suggests Walgreens should have no problem continuing to grow its big-time payout in the future.Boost your passive income with these bear market salesStock prices are tumbling as investors price in the near-term possibility of an economic downturn. While a recession will affect some companies' ability to finance their growth and dividend payments, it won't affect Verizon, Intel, and Walgreens since they generate lots of cash and have solid balance sheets. They should be able to continue growing their dividends in the coming years. With their stock prices lower and dividend yields higher, they look like attractive options for those looking to take advantage of the bear market to boost their passive income.","news_type":1},"isVote":1,"tweetType":1,"viewCount":264,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9988408713,"gmtCreate":1666800439132,"gmtModify":1676537808524,"author":{"id":"4127309136508732","authorId":"4127309136508732","name":"cky92","avatar":"https://community-static.tradeup.com/news/30bf8de6f8868dfb35bef0e86df9a12b","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4127309136508732","authorIdStr":"4127309136508732"},"themes":[],"htmlText":"👌","listText":"👌","text":"👌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9988408713","repostId":"1198969138","repostType":2,"repost":{"id":"1198969138","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1666760619,"share":"https://ttm.financial/m/news/1198969138?lang=&edition=fundamental","pubTime":"2022-10-26 13:03","market":"hk","language":"en","title":"Nio Surges 15%, Alibaba Up Nearly 1%: What's Pushing Hong Kong Stocks Higher Today","url":"https://stock-news.laohu8.com/highlight/detail?id=1198969138","media":"Benzinga","summary":"KEY POINTSThe benchmark Hang Seng gained 2.5% in morning trade.Shares of Nio and Xpeng rose over 15%","content":"<html><head></head><body><p>KEY POINTS</p><ul><li>The benchmark Hang Seng gained 2.5% in morning trade.</li><li>Shares of Nio and Xpeng rose over 15% and 12%, respectively.</li></ul><p>Hong Kong shares opened in the green on Wednesday, with the benchmark Hang Seng gaining 2.5%, as investors began considering the possibility of slowing aggression by the Federal Reserve when it announces its monetary policy next week.</p><p>The Hang Seng traded above the 15,500 mark after having dipped below the 15,000 level on Tuesday for the first time since April 2009.</p><p>Shares of Nio and Xpeng rose over 15% and 12%, respectively, while Meituan and Li Auto shares gained over 7%.</p><p><b>Company News</b>: Huawei-backed brand AITO has begun offering discounts to car buyers, becoming the first local brand to do so following Tesla&#39;s price cut, reported CnEVPost.</p><p>Nio has signed a contract with the Jiangqiao town government in Shanghai to build its new international headquarters building there, reported CnEVPost.</p><p><b>Top Gainers and Losers</b>: Alibaba Health Information Technology Ltd and Meituan are the top gainers among Hang Seng constituents today, having risen over 10% and 8%, respectively. Longfor Group Holdings Limited and CITIC Limited are the top losers, having shed over 1.5% each.</p><p><b>Global News</b>: U.S. futures traded in the red on Wednesday morning Asia session. The Dow Jones futures were down 0.22%, while the Nasdaq futures lost 1.91%. The S&amp;P 500 futures were trading lower at 0.9%.</p><p>Elsewhere in Asia Pacific, Australia’s ASX 200 was up 0.18%. Japan’s Nikkei 225 gained 1.71%, while China’s Shanghai Composite index rose 1.41%. South Korea’s Kospi gained 0.93%.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nio Surges 15%, Alibaba Up Nearly 1%: What's Pushing Hong Kong Stocks Higher Today</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNio Surges 15%, Alibaba Up Nearly 1%: What's Pushing Hong Kong Stocks Higher Today\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2022-10-26 13:03</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>KEY POINTS</p><ul><li>The benchmark Hang Seng gained 2.5% in morning trade.</li><li>Shares of Nio and Xpeng rose over 15% and 12%, respectively.</li></ul><p>Hong Kong shares opened in the green on Wednesday, with the benchmark Hang Seng gaining 2.5%, as investors began considering the possibility of slowing aggression by the Federal Reserve when it announces its monetary policy next week.</p><p>The Hang Seng traded above the 15,500 mark after having dipped below the 15,000 level on Tuesday for the first time since April 2009.</p><p>Shares of Nio and Xpeng rose over 15% and 12%, respectively, while Meituan and Li Auto shares gained over 7%.</p><p><b>Company News</b>: Huawei-backed brand AITO has begun offering discounts to car buyers, becoming the first local brand to do so following Tesla&#39;s price cut, reported CnEVPost.</p><p>Nio has signed a contract with the Jiangqiao town government in Shanghai to build its new international headquarters building there, reported CnEVPost.</p><p><b>Top Gainers and Losers</b>: Alibaba Health Information Technology Ltd and Meituan are the top gainers among Hang Seng constituents today, having risen over 10% and 8%, respectively. Longfor Group Holdings Limited and CITIC Limited are the top losers, having shed over 1.5% each.</p><p><b>Global News</b>: U.S. futures traded in the red on Wednesday morning Asia session. The Dow Jones futures were down 0.22%, while the Nasdaq futures lost 1.91%. The S&amp;P 500 futures were trading lower at 0.9%.</p><p>Elsewhere in Asia Pacific, Australia’s ASX 200 was up 0.18%. Japan’s Nikkei 225 gained 1.71%, while China’s Shanghai Composite index rose 1.41%. South Korea’s Kospi gained 0.93%.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","09866":"蔚来-SW"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198969138","content_text":"KEY POINTSThe benchmark Hang Seng gained 2.5% in morning trade.Shares of Nio and Xpeng rose over 15% and 12%, respectively.Hong Kong shares opened in the green on Wednesday, with the benchmark Hang Seng gaining 2.5%, as investors began considering the possibility of slowing aggression by the Federal Reserve when it announces its monetary policy next week.The Hang Seng traded above the 15,500 mark after having dipped below the 15,000 level on Tuesday for the first time since April 2009.Shares of Nio and Xpeng rose over 15% and 12%, respectively, while Meituan and Li Auto shares gained over 7%.Company News: Huawei-backed brand AITO has begun offering discounts to car buyers, becoming the first local brand to do so following Tesla's price cut, reported CnEVPost.Nio has signed a contract with the Jiangqiao town government in Shanghai to build its new international headquarters building there, reported CnEVPost.Top Gainers and Losers: Alibaba Health Information Technology Ltd and Meituan are the top gainers among Hang Seng constituents today, having risen over 10% and 8%, respectively. Longfor Group Holdings Limited and CITIC Limited are the top losers, having shed over 1.5% each.Global News: U.S. futures traded in the red on Wednesday morning Asia session. The Dow Jones futures were down 0.22%, while the Nasdaq futures lost 1.91%. The S&P 500 futures were trading lower at 0.9%.Elsewhere in Asia Pacific, Australia’s ASX 200 was up 0.18%. Japan’s Nikkei 225 gained 1.71%, while China’s Shanghai Composite index rose 1.41%. South Korea’s Kospi gained 0.93%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":124,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9988408548,"gmtCreate":1666800416284,"gmtModify":1676537808524,"author":{"id":"4127309136508732","authorId":"4127309136508732","name":"cky92","avatar":"https://community-static.tradeup.com/news/30bf8de6f8868dfb35bef0e86df9a12b","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4127309136508732","authorIdStr":"4127309136508732"},"themes":[],"htmlText":"Hmmm","listText":"Hmmm","text":"Hmmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9988408548","repostId":"2278672309","repostType":4,"repost":{"id":"2278672309","pubTimestamp":1666778473,"share":"https://ttm.financial/m/news/2278672309?lang=&edition=fundamental","pubTime":"2022-10-26 18:01","market":"us","language":"en","title":"Tesla Has An Elon Musk Problem","url":"https://stock-news.laohu8.com/highlight/detail?id=2278672309","media":"Seeking Alpha","summary":"SummaryTesla's growth is astonishing and it continued to hold significant market share in the United States and around the world in the all-electric vehicle industry.But with their currently-high valu","content":"<html><head></head><body><h2>Summary</h2><ul><li>Tesla&#39;s growth is astonishing and it continued to hold significant market share in the United States and around the world in the all-electric vehicle industry.</li><li>But with their currently-high valuation relative to peers directly tied, I believe, to Elon Musk&#39;s involvement with the company - recent events may change that.</li><li>As a result, I evaluate the company&#39;s current fair value and believe it is lower enough to avoid the company altogether until it reaches more realistic levels.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/036a30b7377f20abe9dceec9a63d51f5\" tg-width=\"1080\" tg-height=\"720\" width=\"100%\" height=\"auto\"/><span>Justin Sullivan</span></p><p>Tesla (NASDAQ:TSLA) is an interesting growth story and one for the ages. After staring bankruptcy straight in the eyes several times, according to CEO Elon Musk, they ended up as one of the biggest success stories in earlymarket penetration and scaling up capacity around the globe in record time.</p><p>Just like other once-startups in an emerging new industry, however, there are always issues with how to value a company like Tesla. And going one step forward - what influence does the presence of a revolutionary mind like that of Elon Musk have on the stocks share price and subsequent valuation.</p><p>While the company is the only current all-electric vehicle manufacturer with the capacity to meet the demand around the globe, I still believe that there is significant premium to the company&#39;s valuation due to its association with Mr. Musk and that if you take him out of the equation - while the company will still do remarkably well and continue to grow, their valuation may be excessive.</p><p>Let&#39;s dissect what I mean by excessive and the implications of such.</p><h2>Tesla&#39;s Advantage Is Clear</h2><p>While the company is facing increasing competitive pressures from nearly all automobile manufacturers around the globe, they still remain the only company which currently has the capacity to manufacture and deliver hundreds of thousands of all-electric vehicles. While there are some exceptions to this with Chinese-based companies, I&#39;ll discuss that later.</p><p>This means that when a company like Hertz (HTZ) wants to cut their maintenance and fuel consumption surcharges and puts in an order for 100,000 all-electric cars - they really only have one option if they want them delivered within a year or two. And that&#39;s exactly what they did.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/607f7a5839ed63281b20fe46d8365acd\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"/><span>US EV Sales - 2022 YTD (Electrek US EV Sales Tracker)</span></p><p>Even while other companies like Ford (F), General Motors (GM), Toyota Motor (TM) have ramped up production of their all-electric and plug-in hybrid vehicles, they still remain well behind in their capacity for delivery.</p><p>Furthermore, even though most other companies are catching up on this as time goes by, Tesla still has built-in technological advantages like automated driving capabilities, vehicle control technologies, supercharging stations and others. These aren&#39;t only just for tech geeks who want to make an investment in the company&#39;s current lead in the race for autonomous driving, the vehicle mileage and performance is on the top of consumers&#39; minds as they think of which all-electric vehicle they want to purchase.</p><h2>Tesla&#39;s Growth Is Astonishing</h2><p>It&#39;s not just that the company has an advantage in their ability to deliver more than their competitors - it&#39;s that they&#39;re actually increasing deliveries almost every quarter, on average, and they&#39;re expected to maintain this growth for quite some time.</p><p>They&#39;re doing this by opening manufacturing plants outside of the United States in fast growing markets in the Asia-Pacific region and the European Union and the United Kingdom. While the full capacity of their Shanghai and Germany plants were slightly hindered by the COVID-19 pandemic closures, they&#39;re on tap to make record deliveries once more this year.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fdab1ca78acffae7370633d386137363\" tg-width=\"640\" tg-height=\"392\" width=\"100%\" height=\"auto\"/><span>Tesla Vehicle Sales by Quarter (Statista - Sales Visualization)</span></p><p>As we can see, the company has made nearly as many deliveries of their new all-electric vehicles, mostly the Model 3 and Model Y, in the first 3 quarters of this year as they did in the entirety of last year and are set to deliver well over one million vehicles in 2022.</p><p>While they&#39;re growing these figures with new plants, other companies are struggling to increase capacity and convert existing manufacturing facilities in the United States to manufacture their own versions of all-electric vehicles.</p><p>That&#39;s why I believe Tesla&#39;s growth story is far from over, and we can see that in the company&#39;s current projections for the coming years.</p><h2>Future Growth Is Strong, But...</h2><p>While the company is projected to deliver almost 2 million vehicles in 2023, there are some negative factors which stand in the way of future growth for the company, even if they seem to be minor in the grand scheme of things.</p><p>Firstly, there&#39;s increased competition. While this may not mean much for Tesla in the near term, it certainly will mean a lot in the longer term. There are hundreds of new all-electric and plug-in hybrid models hitting the streets (pun intended) in the coming years and while that may not do much for a few years, it&#39;s bound to cut into their market share.</p><p>In fact, that&#39;s already been happening. While their cars are not sold in the United States or in major markets (in significant numbers, in any case) outside of the People&#39;s Republic of China, BYD (OTCPK:BYDDF) has seen their market share double in the global all-electric vehicle sales and now stand at 11% while Tesla has decreased to about 19% in the latest report of YTD figures in 2022.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ec9fdb84e4e48b98991d0625bdc2217a\" tg-width=\"640\" tg-height=\"233\" width=\"100%\" height=\"auto\"/><span>H1 2022 EV Sales by Company (InsideEVs EV Sales)</span></p><p>Even with these global sales and market share figures, the company is still projected to do very well, as you can see by the company&#39;s current projections for sales and earnings.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7244826e2217edac067e967d0999422f\" tg-width=\"623\" tg-height=\"341\" width=\"100%\" height=\"auto\"/><span>Tesla Sales Growth Projections (Seeking Alpha)</span></p><p>But there&#39;s still this issue.</p><h2>The Elon Musk Problem</h2><p>I know, I know, I bore you with details about the company before getting to the issue at hand. But context here is very important.</p><p>The company does have things it can do, which don&#39;t require some magical solution by the contrarian-thinking Elon Musk - things like lowering their prices to outmaneuver other companies introducing high-end (ish) all-electric vehicles and things of that nature. But there&#39;s still an issue.</p><p>The issue is Elon Musk. While most of the world was struggling with updating the technology in regular automobiles, he was 10 steps ahead with battery technology advancements, technological advancements, EV range increases, charging station expansions and many other things.</p><p>This forward-thinking vision is exactly what made Tesla the hype (rightfully so, not in a bad way) which it is today and I don&#39;t believe the company will be where it is today without him. But for how long is he going to stay?</p><h3>Twitter Is Hardly The Only Issue</h3><p>As we&#39;ve seen with Jack Dorsey when he operated both Square (SQ) and Twitter (TWTR), it&#39;s nearly impossible to run multiple companies at once and do a great job at all of them, even if you&#39;re Elon Musk.</p><p>While Mr. Musk runs Tesla&#39;s as its chief-product-officer, as he dubs himself, he also runs SpaceX (SPACE), The Boring Company, SolarCity (part of Tesla) and other AI (artificial intelligence) companies and he now picked up Twitter.</p><p>While he did sell a significant portion of his Tesla stock to do so, diluting his ownership, it&#39;s the hands-off approach I think is coming to Tesla which can hurt valuation. Not only is there a board which can hold this work ethic accountable for the time spent elsewhere, it&#39;s about where he spends most of his time.</p><p>During the company&#39;s near-bankruptcy times a few years back, Elon Musk notoriously slept on the factory floor to make sure production headwinds were dealt with and it was undoubtedly one of the reasons employees, officers and other mangers managed to get the job done and get vehicles out for delivery.</p><p>Can Elon Must continue to do that now?</p><h3>Eventually He Has To Make A Choice</h3><p>Right now, I believe that Tesla is no longer a priority for Mr. Musk, and that the following companies will take precedent:</p><p>1 -<b>Twitter</b>: With Elon Musk&#39;s personal crusade and fortune tied into this acquisition, it&#39;s hardly a stretch to think that he&#39;ll need to spend a lot of time building the company into something which can potentially be profitable. Since 2021, a lot of the folks who he presumably wants to bring back to Twitter (I won&#39;t mention names since I don&#39;t want the article to turn political, but unless you&#39;ve been living in a cave for the past 3 years - you know who I mean) have found other platforms and have since gravitated away.</p><p>Especially since he plans to fire 75% of the company&#39;s employees, he&#39;ll need to have a hands-on approach if he wants to steer this mega tech company to a place where it can generate meaningful growth or profits in the years to come.</p><p>2 -<b>SpaceX</b>: With the world of space exploration just beginning, and the company&#39;s recent advancements in rocket technologies, the company has been experiencing increased demand and this too requires a hands on approach to work with the engineers to solve the seemingly endless headwinds they face trying to colonize other planets, set up the Starlink network and more.</p><p>This means, I believe, that outside of the near full-time job of running Twitter, that Mr. Musk will be spending a near full-time job equivalent of time at SpaceX in order to make these futuristic technologies and products work.</p><p>3 -<b>The Boring Company &amp; Neuralink</b>: While these companies have not been as high profile as Mr. Musk&#39;s other ones, recent news that the company is battling deadlines and postponing show-and-tell events further eludes or confirms that the companies are facing some difficulties taking off.</p><p>Since Mr. Musk has been actively taking part in these companies and their issues, it&#39;s apparent to me that he&#39;s going to continue to spend time with these companies, which will further take time away from Tesla.</p><h2>So What&#39;s The Problem Exactly?</h2><p>The problem is the company&#39;s valuation.</p><p>As we&#39;ve seen with sales, growth is projected to slow over the next decade since competitive pressures are mounting and that&#39;s true for net income as well, especially if the company will need to lower prices in order to compete.</p><h3>Earnings Per Share Multiples - Comparison</h3><p>Tesla is currently trading at 30x to 50x forward earnings per share projections while they&#39;re expected to report slowing growth and a decline by 2027 due to certain estimates that tax credits end and various other factors coming in.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0433a7fa8724b7ec3a9274292ecd618d\" tg-width=\"640\" tg-height=\"170\" width=\"100%\" height=\"auto\"/><span>EPS Projections &amp; FWD P/E Ratio (Seeking Alpha)</span></p><p>While these may not seem excessive, companies like Ford with a projected 25% increase in EPS this year are trading at around 7x forward earnings. Toyota Motors with a longer term EPS growth projection of 5-6% are trading at around 9x forward earnings.</p><h3>Sales Multiples - Comparison</h3><p>If we want to look at sales as an indication, things get even more interesting. Comparing Tesla&#39;s sales growth to that of BYD&#39;s, the company&#39;s closest competitor by unit sales volume, there&#39;s a stark difference in valuation.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d3fb74c2c9e703771131b2ac31a12050\" tg-width=\"640\" tg-height=\"111\" width=\"100%\" height=\"auto\"/><span>BYD Sales Growth / Multiples (Seeking Alpha)</span></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bb5de69f4748bc2763641db7f4589d7a\" tg-width=\"640\" tg-height=\"110\" width=\"100%\" height=\"auto\"/><span>TSLA Sales Growth / Multiples (Seeking Alpha)</span></p><p>The difference here is quite astonishing. With nearly identical growth, Tesla is trading at 4.5x to 8x sales multiples while BYD is trading at 0.7x to 1.3x.</p><p>This is due in part to the enthusiasm and trust around Elon Musk&#39;s ability to solve issues and come up with product improvements, as his title so suggests. Without him at the helm, I have no doubt that the company can succeed, but can they do so at a valuation 3-4 times as high as other companies with somewhat similar growth projection? I&#39;m just not sure.</p><h2>Conclusion, If There Is One</h2><p>Is Tesla a good company which currently has a near monopoly on US all-electric vehicle sales with ramping up production in the Asia-Pacific and European Union and United Kingdom regions? Absolutely yes.</p><p>Will they continue to grow their long-term sales at low to mid double digits over the next decade? Most likely.</p><p>But with increasing competitive pressures from existing companies, near-certain Model 3 and Model Y pricing cuts and a sluggish sales prospect in China due to increasing competitive pressures from geopolitical forces, the company is going to need the ingenuity of the person who made them what they are today.</p><p>As Mr. Musk continued to take on more and more impossible projects, I don&#39;t believe that dedication is sustainable for Tesla and I believe that the company will see him having a more and more hands-off approach as he focused on the other monumental tasks ahead with Twitter, SpaceX, The Boring Company and Neuralink.</p><p>This doesn&#39;t mean that the company&#39;s growth is in question - but it does mean that if we treat Tesla as a generic company growing at the pace they are, they may be valued quite significantly lower than they are right now. This also means that, historically, during period where the market underperforms, like during recessions or market slowdowns, these types of companies tend to underperform the broader market.</p><p>While the company&#39;s growth is not in question, their valuation is. And as a result, I believe that their fair value lies lower than their current valuation. So while I do believe in their future, I&#39;m avoiding the stock altogether.</p><p><i>This article is written by </i><i>Pinxter Analytics</i><i> for reference only. Please note the risks.</i></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Has An Elon Musk Problem</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Has An Elon Musk Problem\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-26 18:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4549186-tesla-has-an-elon-musk-problem><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryTesla's growth is astonishing and it continued to hold significant market share in the United States and around the world in the all-electric vehicle industry.But with their currently-high ...</p>\n\n<a href=\"https://seekingalpha.com/article/4549186-tesla-has-an-elon-musk-problem\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://seekingalpha.com/article/4549186-tesla-has-an-elon-musk-problem","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2278672309","content_text":"SummaryTesla's growth is astonishing and it continued to hold significant market share in the United States and around the world in the all-electric vehicle industry.But with their currently-high valuation relative to peers directly tied, I believe, to Elon Musk's involvement with the company - recent events may change that.As a result, I evaluate the company's current fair value and believe it is lower enough to avoid the company altogether until it reaches more realistic levels.Justin SullivanTesla (NASDAQ:TSLA) is an interesting growth story and one for the ages. After staring bankruptcy straight in the eyes several times, according to CEO Elon Musk, they ended up as one of the biggest success stories in earlymarket penetration and scaling up capacity around the globe in record time.Just like other once-startups in an emerging new industry, however, there are always issues with how to value a company like Tesla. And going one step forward - what influence does the presence of a revolutionary mind like that of Elon Musk have on the stocks share price and subsequent valuation.While the company is the only current all-electric vehicle manufacturer with the capacity to meet the demand around the globe, I still believe that there is significant premium to the company's valuation due to its association with Mr. Musk and that if you take him out of the equation - while the company will still do remarkably well and continue to grow, their valuation may be excessive.Let's dissect what I mean by excessive and the implications of such.Tesla's Advantage Is ClearWhile the company is facing increasing competitive pressures from nearly all automobile manufacturers around the globe, they still remain the only company which currently has the capacity to manufacture and deliver hundreds of thousands of all-electric vehicles. While there are some exceptions to this with Chinese-based companies, I'll discuss that later.This means that when a company like Hertz (HTZ) wants to cut their maintenance and fuel consumption surcharges and puts in an order for 100,000 all-electric cars - they really only have one option if they want them delivered within a year or two. And that's exactly what they did.US EV Sales - 2022 YTD (Electrek US EV Sales Tracker)Even while other companies like Ford (F), General Motors (GM), Toyota Motor (TM) have ramped up production of their all-electric and plug-in hybrid vehicles, they still remain well behind in their capacity for delivery.Furthermore, even though most other companies are catching up on this as time goes by, Tesla still has built-in technological advantages like automated driving capabilities, vehicle control technologies, supercharging stations and others. These aren't only just for tech geeks who want to make an investment in the company's current lead in the race for autonomous driving, the vehicle mileage and performance is on the top of consumers' minds as they think of which all-electric vehicle they want to purchase.Tesla's Growth Is AstonishingIt's not just that the company has an advantage in their ability to deliver more than their competitors - it's that they're actually increasing deliveries almost every quarter, on average, and they're expected to maintain this growth for quite some time.They're doing this by opening manufacturing plants outside of the United States in fast growing markets in the Asia-Pacific region and the European Union and the United Kingdom. While the full capacity of their Shanghai and Germany plants were slightly hindered by the COVID-19 pandemic closures, they're on tap to make record deliveries once more this year.Tesla Vehicle Sales by Quarter (Statista - Sales Visualization)As we can see, the company has made nearly as many deliveries of their new all-electric vehicles, mostly the Model 3 and Model Y, in the first 3 quarters of this year as they did in the entirety of last year and are set to deliver well over one million vehicles in 2022.While they're growing these figures with new plants, other companies are struggling to increase capacity and convert existing manufacturing facilities in the United States to manufacture their own versions of all-electric vehicles.That's why I believe Tesla's growth story is far from over, and we can see that in the company's current projections for the coming years.Future Growth Is Strong, But...While the company is projected to deliver almost 2 million vehicles in 2023, there are some negative factors which stand in the way of future growth for the company, even if they seem to be minor in the grand scheme of things.Firstly, there's increased competition. While this may not mean much for Tesla in the near term, it certainly will mean a lot in the longer term. There are hundreds of new all-electric and plug-in hybrid models hitting the streets (pun intended) in the coming years and while that may not do much for a few years, it's bound to cut into their market share.In fact, that's already been happening. While their cars are not sold in the United States or in major markets (in significant numbers, in any case) outside of the People's Republic of China, BYD (OTCPK:BYDDF) has seen their market share double in the global all-electric vehicle sales and now stand at 11% while Tesla has decreased to about 19% in the latest report of YTD figures in 2022.H1 2022 EV Sales by Company (InsideEVs EV Sales)Even with these global sales and market share figures, the company is still projected to do very well, as you can see by the company's current projections for sales and earnings.Tesla Sales Growth Projections (Seeking Alpha)But there's still this issue.The Elon Musk ProblemI know, I know, I bore you with details about the company before getting to the issue at hand. But context here is very important.The company does have things it can do, which don't require some magical solution by the contrarian-thinking Elon Musk - things like lowering their prices to outmaneuver other companies introducing high-end (ish) all-electric vehicles and things of that nature. But there's still an issue.The issue is Elon Musk. While most of the world was struggling with updating the technology in regular automobiles, he was 10 steps ahead with battery technology advancements, technological advancements, EV range increases, charging station expansions and many other things.This forward-thinking vision is exactly what made Tesla the hype (rightfully so, not in a bad way) which it is today and I don't believe the company will be where it is today without him. But for how long is he going to stay?Twitter Is Hardly The Only IssueAs we've seen with Jack Dorsey when he operated both Square (SQ) and Twitter (TWTR), it's nearly impossible to run multiple companies at once and do a great job at all of them, even if you're Elon Musk.While Mr. Musk runs Tesla's as its chief-product-officer, as he dubs himself, he also runs SpaceX (SPACE), The Boring Company, SolarCity (part of Tesla) and other AI (artificial intelligence) companies and he now picked up Twitter.While he did sell a significant portion of his Tesla stock to do so, diluting his ownership, it's the hands-off approach I think is coming to Tesla which can hurt valuation. Not only is there a board which can hold this work ethic accountable for the time spent elsewhere, it's about where he spends most of his time.During the company's near-bankruptcy times a few years back, Elon Musk notoriously slept on the factory floor to make sure production headwinds were dealt with and it was undoubtedly one of the reasons employees, officers and other mangers managed to get the job done and get vehicles out for delivery.Can Elon Must continue to do that now?Eventually He Has To Make A ChoiceRight now, I believe that Tesla is no longer a priority for Mr. Musk, and that the following companies will take precedent:1 -Twitter: With Elon Musk's personal crusade and fortune tied into this acquisition, it's hardly a stretch to think that he'll need to spend a lot of time building the company into something which can potentially be profitable. Since 2021, a lot of the folks who he presumably wants to bring back to Twitter (I won't mention names since I don't want the article to turn political, but unless you've been living in a cave for the past 3 years - you know who I mean) have found other platforms and have since gravitated away.Especially since he plans to fire 75% of the company's employees, he'll need to have a hands-on approach if he wants to steer this mega tech company to a place where it can generate meaningful growth or profits in the years to come.2 -SpaceX: With the world of space exploration just beginning, and the company's recent advancements in rocket technologies, the company has been experiencing increased demand and this too requires a hands on approach to work with the engineers to solve the seemingly endless headwinds they face trying to colonize other planets, set up the Starlink network and more.This means, I believe, that outside of the near full-time job of running Twitter, that Mr. Musk will be spending a near full-time job equivalent of time at SpaceX in order to make these futuristic technologies and products work.3 -The Boring Company & Neuralink: While these companies have not been as high profile as Mr. Musk's other ones, recent news that the company is battling deadlines and postponing show-and-tell events further eludes or confirms that the companies are facing some difficulties taking off.Since Mr. Musk has been actively taking part in these companies and their issues, it's apparent to me that he's going to continue to spend time with these companies, which will further take time away from Tesla.So What's The Problem Exactly?The problem is the company's valuation.As we've seen with sales, growth is projected to slow over the next decade since competitive pressures are mounting and that's true for net income as well, especially if the company will need to lower prices in order to compete.Earnings Per Share Multiples - ComparisonTesla is currently trading at 30x to 50x forward earnings per share projections while they're expected to report slowing growth and a decline by 2027 due to certain estimates that tax credits end and various other factors coming in.EPS Projections & FWD P/E Ratio (Seeking Alpha)While these may not seem excessive, companies like Ford with a projected 25% increase in EPS this year are trading at around 7x forward earnings. Toyota Motors with a longer term EPS growth projection of 5-6% are trading at around 9x forward earnings.Sales Multiples - ComparisonIf we want to look at sales as an indication, things get even more interesting. Comparing Tesla's sales growth to that of BYD's, the company's closest competitor by unit sales volume, there's a stark difference in valuation.BYD Sales Growth / Multiples (Seeking Alpha)TSLA Sales Growth / Multiples (Seeking Alpha)The difference here is quite astonishing. With nearly identical growth, Tesla is trading at 4.5x to 8x sales multiples while BYD is trading at 0.7x to 1.3x.This is due in part to the enthusiasm and trust around Elon Musk's ability to solve issues and come up with product improvements, as his title so suggests. Without him at the helm, I have no doubt that the company can succeed, but can they do so at a valuation 3-4 times as high as other companies with somewhat similar growth projection? I'm just not sure.Conclusion, If There Is OneIs Tesla a good company which currently has a near monopoly on US all-electric vehicle sales with ramping up production in the Asia-Pacific and European Union and United Kingdom regions? Absolutely yes.Will they continue to grow their long-term sales at low to mid double digits over the next decade? Most likely.But with increasing competitive pressures from existing companies, near-certain Model 3 and Model Y pricing cuts and a sluggish sales prospect in China due to increasing competitive pressures from geopolitical forces, the company is going to need the ingenuity of the person who made them what they are today.As Mr. Musk continued to take on more and more impossible projects, I don't believe that dedication is sustainable for Tesla and I believe that the company will see him having a more and more hands-off approach as he focused on the other monumental tasks ahead with Twitter, SpaceX, The Boring Company and Neuralink.This doesn't mean that the company's growth is in question - but it does mean that if we treat Tesla as a generic company growing at the pace they are, they may be valued quite significantly lower than they are right now. This also means that, historically, during period where the market underperforms, like during recessions or market slowdowns, these types of companies tend to underperform the broader market.While the company's growth is not in question, their valuation is. And as a result, I believe that their fair value lies lower than their current valuation. So while I do believe in their future, I'm avoiding the stock altogether.This article is written by Pinxter Analytics for reference only. Please note the risks.","news_type":1},"isVote":1,"tweetType":1,"viewCount":233,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9988408200,"gmtCreate":1666800397400,"gmtModify":1676537808516,"author":{"id":"4127309136508732","authorId":"4127309136508732","name":"cky92","avatar":"https://community-static.tradeup.com/news/30bf8de6f8868dfb35bef0e86df9a12b","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4127309136508732","authorIdStr":"4127309136508732"},"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/9988408200","repostId":"1158956679","repostType":2,"repost":{"id":"1158956679","pubTimestamp":1666761495,"share":"https://ttm.financial/m/news/1158956679?lang=&edition=fundamental","pubTime":"2022-10-26 13:18","market":"us","language":"en","title":"Apple Will Comply With iPhone USB-C Charger Law, Executive Says","url":"https://stock-news.laohu8.com/highlight/detail?id=1158956679","media":"Bloomberg","summary":"Apple Inc. will need to comply with a European Union law to switch the iPhone to a USB-C charger, ma","content":"<html><head></head><body><p>Apple Inc. will need to comply with a European Union law to switch the iPhone to a USB-C charger, marketing chief Greg Joswiak said on Tuesday.</p><p>Joswiak said that the company will comply as it does with other laws. He declined to specify when the iPhone may get the charger to replace Lightning. He made the comments at a Wall Street Journal conference in Laguna Beach, California.</p><p>He said Apple and the EU had been at odds over chargers for a decade, recalling how European authorities once wanted Apple to adopt Micro-USB. He said that neither Lightning -- the current iPhone charging port -- nor the now-ubiquitous USB-C would have been invented if that switch had occurred.</p><p>Apple is planning to switch the iPhone to USB-C next year, Bloomberg News has reported. The law goes into effect in 2024. Apple has already moved its Macs, many iPads and accessories to USB-C from Lightning and other connectors.</p><p>Joswiak joined Snap Inc. founder Evan Spiegel at the gathering in dismissing the idea that the virtual world known as the metaverse will be the future of computing.</p><p>The metaverse is a “word I’ll never use,” Joswiak said.</p><p>Snap’s Evan Spiegel Slams the Metaverse, Touts Own AR Vision</p><p>Mark Zuckerberg has poured billions of dollars into the effort and gone so far as to change Facebook’s corporate name to Meta Platforms Inc.</p><p>In terms of other Apple product changes, Craig Federighi, Apple’s senior vice president of software engineering, was asked if the Mac will ever get a touchscreen.</p><p>“Who’s to say?” he replied.</p><p>In another area of controversy, Federighi said that an Android version of iMessage -- the messaging service on Apple products -- would hold back innovation across iMessage on iOS. Apple wouldn’t be able to invest heavily into an Android version.</p><p>Federighi and Joswiak both argued that Apple has benefited from getting employees to return to the office -- a step many tech companies have resisted because of worker pushback.</p><p>The pandemic caused a lot of people to feel disconnected, Federighi said, and the company is much more effective when everyone is back together. Apple’s culture has long been about being in the same place together, he added.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple Will Comply With iPhone USB-C Charger Law, Executive Says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple Will Comply With iPhone USB-C Charger Law, Executive Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-26 13:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/apple-comply-iphone-usb-c-033914846.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apple Inc. will need to comply with a European Union law to switch the iPhone to a USB-C charger, marketing chief Greg Joswiak said on Tuesday.Joswiak said that the company will comply as it does with...</p>\n\n<a href=\"https://finance.yahoo.com/news/apple-comply-iphone-usb-c-033914846.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://finance.yahoo.com/news/apple-comply-iphone-usb-c-033914846.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158956679","content_text":"Apple Inc. will need to comply with a European Union law to switch the iPhone to a USB-C charger, marketing chief Greg Joswiak said on Tuesday.Joswiak said that the company will comply as it does with other laws. He declined to specify when the iPhone may get the charger to replace Lightning. He made the comments at a Wall Street Journal conference in Laguna Beach, California.He said Apple and the EU had been at odds over chargers for a decade, recalling how European authorities once wanted Apple to adopt Micro-USB. He said that neither Lightning -- the current iPhone charging port -- nor the now-ubiquitous USB-C would have been invented if that switch had occurred.Apple is planning to switch the iPhone to USB-C next year, Bloomberg News has reported. The law goes into effect in 2024. Apple has already moved its Macs, many iPads and accessories to USB-C from Lightning and other connectors.Joswiak joined Snap Inc. founder Evan Spiegel at the gathering in dismissing the idea that the virtual world known as the metaverse will be the future of computing.The metaverse is a “word I’ll never use,” Joswiak said.Snap’s Evan Spiegel Slams the Metaverse, Touts Own AR VisionMark Zuckerberg has poured billions of dollars into the effort and gone so far as to change Facebook’s corporate name to Meta Platforms Inc.In terms of other Apple product changes, Craig Federighi, Apple’s senior vice president of software engineering, was asked if the Mac will ever get a touchscreen.“Who’s to say?” he replied.In another area of controversy, Federighi said that an Android version of iMessage -- the messaging service on Apple products -- would hold back innovation across iMessage on iOS. Apple wouldn’t be able to invest heavily into an Android version.Federighi and Joswiak both argued that Apple has benefited from getting employees to return to the office -- a step many tech companies have resisted because of worker pushback.The pandemic caused a lot of people to feel disconnected, Federighi said, and the company is much more effective when everyone is back together. Apple’s culture has long been about being in the same place together, he added.","news_type":1},"isVote":1,"tweetType":1,"viewCount":217,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9989614668,"gmtCreate":1665987042954,"gmtModify":1676537688168,"author":{"id":"4127309136508732","authorId":"4127309136508732","name":"cky92","avatar":"https://community-static.tradeup.com/news/30bf8de6f8868dfb35bef0e86df9a12b","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4127309136508732","authorIdStr":"4127309136508732"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9989614668","repostId":"1140313568","repostType":2,"repost":{"id":"1140313568","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":1,"media_name":"Dow Jones","id":"1012688067","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1665978652,"share":"https://ttm.financial/m/news/1140313568?lang=&edition=fundamental","pubTime":"2022-10-17 11:50","market":"us","language":"en","title":"Value Stocks Have Outperformed Growth Stocks, And Now They’re Even Better Bets","url":"https://stock-news.laohu8.com/highlight/detail?id=1140313568","media":"Dow Jones","summary":"Value stocks have broken a correlation with inflation expectations, suggesting they have staying pow","content":"<html><head></head><body><p>Value stocks have broken a correlation with inflation expectations, suggesting they have staying power.</p><p>Value stocks over the past two months have become even more compelling investments.</p><p>Value stocks significantly outperformed growth stocks in the past century, though there have been long stretches that reversed the trend, including the last decade. Growth’s outperformance in recent years means value stocks are now relatively cheaper than at any other time in U.S. history. (Value stocks can be defined as having low prices relative to their net worth. For growth stocks, it’s the opposite.)</p><p>Many advisers argued that cheap valuations alone made value stocks compelling bets to once again outperform growth. But they still had to battle the widespread Wall Street narrative that value tends to beat growth only in rising-inflation environments. While this narrative supported the value-stock thesis last year and this year, it made value stocks’ relative strength vulnerable to any decline in inflation expectations.</p><p><img src=\"https://static.tigerbbs.com/cd917e3224b565dcdd08c396f87d6a1e\" tg-width=\"700\" tg-height=\"471\" width=\"100%\" height=\"auto\"/>This narrative started to break down in mid-August, however, as you can see from the accompanying chart, above. Notice how, in the months prior to then, value stocks’ relative strength over growth tended to rise and fall in a close correlation with the 10-year breakeven inflation rate. This stopped being the case two months ago. Even as the 10-year breakeven inflation rate has trended strongly downward, value stocks’ relative strength has trended strongly upward.</p><p>What happened? My hunch is that an increasing number of investors on Wall Street came to realize that there is no good theoretical reason to expect value stocks’ relative strength to be correlated with inflation. (I devoted a column earlier this year to this absence of a good theoretical foundation, and I refer you to it for a fuller discussion.)</p><p>Wall Street’s newfound realization may have come just in time to rescue value stocks from declining inflation expectations. Though high inflation is proving less transitory than many, including the Federal Reserve, initially thought, most believe that inflation will be slowing soon. The consensus of “America’s top business economists,” as polled by Wolters Kluwer’s Blue Chip Economic Indicators, is that the Consumer Price Index will be 3.9% in 2023.</p><p>The easiest way to place a diversified bet on value stocks’ relative strength is with exchange traded funds. One with the lowest expenses is the Vanguard S&amp;P 500 Value ETF VOOV, with an expense ratio of 0.10%.</p><h3>Highly regarded value stocks</h3><p>If you want to bet on individual value securities, the following table lists value stocks that are recommended by at least three of the top-performing newsletters my firm monitors. To qualify for this table, their price-to-book and price-to-earnings (P/E) ratios had to be lower than those of the S&amp;P 500 SPX, and their dividend yields had to be higher. (The ratios and yields in the table are from FactSet.)</p><p><img src=\"https://static.tigerbbs.com/62362e49ecaff2bb62ab6245a8f98ffc\" tg-width=\"879\" tg-height=\"592\" width=\"100%\" height=\"auto\"/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Value Stocks Have Outperformed Growth Stocks, And Now They’re Even Better Bets</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\">\nValue Stocks Have Outperformed Growth Stocks, And Now They’re Even Better Bets\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1012688067\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-10-17 11:50</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Value stocks have broken a correlation with inflation expectations, suggesting they have staying power.</p><p>Value stocks over the past two months have become even more compelling investments.</p><p>Value stocks significantly outperformed growth stocks in the past century, though there have been long stretches that reversed the trend, including the last decade. Growth’s outperformance in recent years means value stocks are now relatively cheaper than at any other time in U.S. history. (Value stocks can be defined as having low prices relative to their net worth. For growth stocks, it’s the opposite.)</p><p>Many advisers argued that cheap valuations alone made value stocks compelling bets to once again outperform growth. But they still had to battle the widespread Wall Street narrative that value tends to beat growth only in rising-inflation environments. While this narrative supported the value-stock thesis last year and this year, it made value stocks’ relative strength vulnerable to any decline in inflation expectations.</p><p><img src=\"https://static.tigerbbs.com/cd917e3224b565dcdd08c396f87d6a1e\" tg-width=\"700\" tg-height=\"471\" width=\"100%\" height=\"auto\"/>This narrative started to break down in mid-August, however, as you can see from the accompanying chart, above. Notice how, in the months prior to then, value stocks’ relative strength over growth tended to rise and fall in a close correlation with the 10-year breakeven inflation rate. This stopped being the case two months ago. Even as the 10-year breakeven inflation rate has trended strongly downward, value stocks’ relative strength has trended strongly upward.</p><p>What happened? My hunch is that an increasing number of investors on Wall Street came to realize that there is no good theoretical reason to expect value stocks’ relative strength to be correlated with inflation. (I devoted a column earlier this year to this absence of a good theoretical foundation, and I refer you to it for a fuller discussion.)</p><p>Wall Street’s newfound realization may have come just in time to rescue value stocks from declining inflation expectations. Though high inflation is proving less transitory than many, including the Federal Reserve, initially thought, most believe that inflation will be slowing soon. The consensus of “America’s top business economists,” as polled by Wolters Kluwer’s Blue Chip Economic Indicators, is that the Consumer Price Index will be 3.9% in 2023.</p><p>The easiest way to place a diversified bet on value stocks’ relative strength is with exchange traded funds. One with the lowest expenses is the Vanguard S&amp;P 500 Value ETF VOOV, with an expense ratio of 0.10%.</p><h3>Highly regarded value stocks</h3><p>If you want to bet on individual value securities, the following table lists value stocks that are recommended by at least three of the top-performing newsletters my firm monitors. To qualify for this table, their price-to-book and price-to-earnings (P/E) ratios had to be lower than those of the S&amp;P 500 SPX, and their dividend yields had to be higher. (The ratios and yields in the table are from FactSet.)</p><p><img src=\"https://static.tigerbbs.com/62362e49ecaff2bb62ab6245a8f98ffc\" tg-width=\"879\" tg-height=\"592\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CMCSA":"康卡斯特","CVS":"西维斯健康","FDX":"联邦快递"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140313568","content_text":"Value stocks have broken a correlation with inflation expectations, suggesting they have staying power.Value stocks over the past two months have become even more compelling investments.Value stocks significantly outperformed growth stocks in the past century, though there have been long stretches that reversed the trend, including the last decade. Growth’s outperformance in recent years means value stocks are now relatively cheaper than at any other time in U.S. history. (Value stocks can be defined as having low prices relative to their net worth. For growth stocks, it’s the opposite.)Many advisers argued that cheap valuations alone made value stocks compelling bets to once again outperform growth. But they still had to battle the widespread Wall Street narrative that value tends to beat growth only in rising-inflation environments. While this narrative supported the value-stock thesis last year and this year, it made value stocks’ relative strength vulnerable to any decline in inflation expectations.This narrative started to break down in mid-August, however, as you can see from the accompanying chart, above. Notice how, in the months prior to then, value stocks’ relative strength over growth tended to rise and fall in a close correlation with the 10-year breakeven inflation rate. This stopped being the case two months ago. Even as the 10-year breakeven inflation rate has trended strongly downward, value stocks’ relative strength has trended strongly upward.What happened? My hunch is that an increasing number of investors on Wall Street came to realize that there is no good theoretical reason to expect value stocks’ relative strength to be correlated with inflation. (I devoted a column earlier this year to this absence of a good theoretical foundation, and I refer you to it for a fuller discussion.)Wall Street’s newfound realization may have come just in time to rescue value stocks from declining inflation expectations. Though high inflation is proving less transitory than many, including the Federal Reserve, initially thought, most believe that inflation will be slowing soon. The consensus of “America’s top business economists,” as polled by Wolters Kluwer’s Blue Chip Economic Indicators, is that the Consumer Price Index will be 3.9% in 2023.The easiest way to place a diversified bet on value stocks’ relative strength is with exchange traded funds. One with the lowest expenses is the Vanguard S&P 500 Value ETF VOOV, with an expense ratio of 0.10%.Highly regarded value stocksIf you want to bet on individual value securities, the following table lists value stocks that are recommended by at least three of the top-performing newsletters my firm monitors. To qualify for this table, their price-to-book and price-to-earnings (P/E) ratios had to be lower than those of the S&P 500 SPX, and their dividend yields had to be higher. (The ratios and yields in the table are from FactSet.)","news_type":1},"isVote":1,"tweetType":1,"viewCount":248,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9989603143,"gmtCreate":1665977697282,"gmtModify":1676537686713,"author":{"id":"4127309136508732","authorId":"4127309136508732","name":"cky92","avatar":"https://community-static.tradeup.com/news/30bf8de6f8868dfb35bef0e86df9a12b","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4127309136508732","authorIdStr":"4127309136508732"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9989603143","repostId":"2276758809","repostType":4,"repost":{"id":"2276758809","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1665946740,"share":"https://ttm.financial/m/news/2276758809?lang=&edition=fundamental","pubTime":"2022-10-17 02:59","market":"us","language":"en","title":"Tesla, Netflix Set to Report Earnings: What to Watch This Week","url":"https://stock-news.laohu8.com/highlight/detail?id=2276758809","media":"Dow Jones","summary":"Third-quarter earnings season picks up this week, with more than 60 S&P 500 companies scheduled to r","content":"<html><head></head><body><p>Third-quarter earnings season picks up this week, with more than 60 S&amp;P 500 companies scheduled to report. The economic calendar will bring a bevy of housing-market indicators and other data.</p><p><a href=\"https://laohu8.com/S/BAC\">Bank of America</a> and <a href=\"https://laohu8.com/S/SCHW\">Charles Schwab</a> will be Monday&#39;s earnings highlights, followed by <a href=\"https://laohu8.com/S/NFLX\">Netflix</a>, <a href=\"https://laohu8.com/S/LMT\">Lockheed Martin</a>, Johnson &amp; Johnson, <a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>, and <a href=\"https://laohu8.com/S/ISRG\">Intuitive Surgical</a> on Tuesday.</p><p><a href=\"https://laohu8.com/S/IBM\">IBM</a>, <a href=\"https://laohu8.com/S/TSLA\">Tesla</a>, Procter &amp; Gamble, <a href=\"https://laohu8.com/S/UBNK\">United</a> Airlines Holdings, and Nestlé release results on Wednesday. Thursday will be busy: Blackstone, Dow, <a href=\"https://laohu8.com/S/AAL\">American Airlines</a> Group, AT&amp;T, <a href=\"https://laohu8.com/S/UNP\">Union Pacific</a>, Snap, and <a href=\"https://laohu8.com/S/SAM\">Boston Beer</a> all report. Finally, <a href=\"https://laohu8.com/S/AXP\">American Express</a>, <a href=\"https://laohu8.com/S/VZA\">Verizon</a> Communications, and <a href=\"https://laohu8.com/S/SLB\">Schlumberger</a> close the week on Friday.</p><p>Housing data out this week will include the National Association of Home Builders&#39; NAHB/<a href=\"https://laohu8.com/S/WFC\">Wells Fargo</a> Housing Market Index for October on Tuesday, the Census Bureau&#39;s new residential construction data for September on Wednesday, and the <a href=\"https://laohu8.com/S/NHLDW\">National</a> Association of Realtors&#39; existing-home sales for September on Thursday.</p><p>Other economic releases this week include the Federal Reserve&#39;s latest beige book on Wednesday and the Conference Board&#39;s Leading Economic Index for September on Thursday.</p><p><b>Monday 10/17</b></p><p>Bank of America, Charles Schwab, and <a href=\"https://laohu8.com/S/BK\">Bank of New York Mellon</a> report third-quarter earnings.</p><p>The Federal Reserve Bank of New York releases its Empire State Manufacturing Survey for October. Expectations are for a minus 2.5 reading, compared with minus 1.5 in September. Readings above zero represent economic expansion in the survey.</p><p><b>Tuesday 10/18</b></p><p>Netflix, Lockheed Martin, Albertsons, <a href=\"https://laohu8.com/S/HAS\">Hasbro</a>, Johnson &amp; Johnson, Roche Holding, Goldman Sachs, Truist Financial, State Street, <a href=\"https://laohu8.com/S/IBKR\">Interactive Brokers</a>, <a href=\"https://laohu8.com/S/OMC\">Omnicom</a> Group, J.B. Hunt Transport Services, and Intuitive Surgical are among companies discussing financial results.</p><p>The Federal Reserve releases industrial production data for September. Economists are looking for no change, after a 0.2% drop in August. Capacity utilization is expected at 79.9%, roughly in line with August&#39;s 80.0%.</p><p>The National Association of Home Builders releases its NAHB/Wells Fargo Housing Market Index for October. Consensus estimate is for a 43.5 reading, compared with 46 in September. The index has dropped every month in 2022 from its 84 reading in December.</p><p><b>Wednesday 10/19</b></p><p>The Census Bureau reports new residential construction data for September. Economists forecast a seasonally adjusted annual rate of 1.480 million new housing starts, compared with 1.575 million in August.</p><p>IBM, Tesla, Procter &amp; Gamble, <a href=\"https://laohu8.com/S/TRV\">Travelers</a>, <a href=\"https://laohu8.com/S/CFG\">Citizens Financial Group</a>, <a href=\"https://laohu8.com/S/UBCP\">United</a> Airlines Holdings, <a href=\"https://laohu8.com/S/ABT\">Abbott Laboratories</a>, <a href=\"https://laohu8.com/S/NTRSP\">Northern</a> Trust, Nestlé, <a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a>, <a href=\"https://laohu8.com/S/BHGE\">Baker Hughes</a>, <a href=\"https://laohu8.com/S/GOM\">Ally Financial</a>, ASML Holding, <a href=\"https://laohu8.com/S/LRCX\">Lam Research</a>, <a href=\"https://laohu8.com/S/PLD\">Prologis</a>, and <a href=\"https://laohu8.com/S/AA\">Alcoa</a> hold earnings calls with investors.</p><p>The Federal Reserve Bank releases its beige book on current economic conditions among its 12 districts.</p><p>Thursday 10/20</p><p>Blackstone, Dow, Union Pacific, NextEra Energy, KeyCorp, <a href=\"https://laohu8.com/S/MAN\">ManpowerGroup</a>, Snap-On, <a href=\"https://laohu8.com/S/DHR\">Danaher</a>, <a href=\"https://laohu8.com/S/AFG\">American</a> Airlines Group, AT&amp;T, <a href=\"https://laohu8.com/S/PM\">Philip Morris</a> International, Union Pacific, <a href=\"https://laohu8.com/S/DGX\">Quest Diagnostics</a>, <a href=\"https://laohu8.com/S/GPC\">Genuine Parts</a>, CSX, Snap, and Boston Beer hold earnings conference calls.</p><p>The Conference Board releases its Leading Economic Index for September. Consensus estimate is for a seasonally adjusted 0.3% month-over-month decline, after a 0.3% drop in August.</p><p>The National Association of Realtors reports existing-home sales for September. Expectations are for a seasonally adjusted annual rate of 4.70 million homes sold, compared with 4.80 million in August.</p><p>The Philadelphia Fed Manufacturing Index is released. Estimates call for a minus 5.0 reading in October, compared with minus 9.9 in September.</p><p>Friday 10/21</p><p>American Express, <a href=\"https://laohu8.com/S/WHR\">Whirlpool</a>, Regions Financial, HCA <a href=\"https://laohu8.com/S/HCSG\">Healthcare</a>, <a href=\"https://laohu8.com/S/THC\">Tenet Healthcare</a>, and Schlumberger hold earnings conference calls.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla, Netflix Set to Report Earnings: What to Watch This Week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla, Netflix Set to Report Earnings: What to Watch This Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-10-17 02:59</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Third-quarter earnings season picks up this week, with more than 60 S&amp;P 500 companies scheduled to report. The economic calendar will bring a bevy of housing-market indicators and other data.</p><p><a href=\"https://laohu8.com/S/BAC\">Bank of America</a> and <a href=\"https://laohu8.com/S/SCHW\">Charles Schwab</a> will be Monday&#39;s earnings highlights, followed by <a href=\"https://laohu8.com/S/NFLX\">Netflix</a>, <a href=\"https://laohu8.com/S/LMT\">Lockheed Martin</a>, Johnson &amp; Johnson, <a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>, and <a href=\"https://laohu8.com/S/ISRG\">Intuitive Surgical</a> on Tuesday.</p><p><a href=\"https://laohu8.com/S/IBM\">IBM</a>, <a href=\"https://laohu8.com/S/TSLA\">Tesla</a>, Procter &amp; Gamble, <a href=\"https://laohu8.com/S/UBNK\">United</a> Airlines Holdings, and Nestlé release results on Wednesday. Thursday will be busy: Blackstone, Dow, <a href=\"https://laohu8.com/S/AAL\">American Airlines</a> Group, AT&amp;T, <a href=\"https://laohu8.com/S/UNP\">Union Pacific</a>, Snap, and <a href=\"https://laohu8.com/S/SAM\">Boston Beer</a> all report. Finally, <a href=\"https://laohu8.com/S/AXP\">American Express</a>, <a href=\"https://laohu8.com/S/VZA\">Verizon</a> Communications, and <a href=\"https://laohu8.com/S/SLB\">Schlumberger</a> close the week on Friday.</p><p>Housing data out this week will include the National Association of Home Builders&#39; NAHB/<a href=\"https://laohu8.com/S/WFC\">Wells Fargo</a> Housing Market Index for October on Tuesday, the Census Bureau&#39;s new residential construction data for September on Wednesday, and the <a href=\"https://laohu8.com/S/NHLDW\">National</a> Association of Realtors&#39; existing-home sales for September on Thursday.</p><p>Other economic releases this week include the Federal Reserve&#39;s latest beige book on Wednesday and the Conference Board&#39;s Leading Economic Index for September on Thursday.</p><p><b>Monday 10/17</b></p><p>Bank of America, Charles Schwab, and <a href=\"https://laohu8.com/S/BK\">Bank of New York Mellon</a> report third-quarter earnings.</p><p>The Federal Reserve Bank of New York releases its Empire State Manufacturing Survey for October. Expectations are for a minus 2.5 reading, compared with minus 1.5 in September. Readings above zero represent economic expansion in the survey.</p><p><b>Tuesday 10/18</b></p><p>Netflix, Lockheed Martin, Albertsons, <a href=\"https://laohu8.com/S/HAS\">Hasbro</a>, Johnson &amp; Johnson, Roche Holding, Goldman Sachs, Truist Financial, State Street, <a href=\"https://laohu8.com/S/IBKR\">Interactive Brokers</a>, <a href=\"https://laohu8.com/S/OMC\">Omnicom</a> Group, J.B. Hunt Transport Services, and Intuitive Surgical are among companies discussing financial results.</p><p>The Federal Reserve releases industrial production data for September. Economists are looking for no change, after a 0.2% drop in August. Capacity utilization is expected at 79.9%, roughly in line with August&#39;s 80.0%.</p><p>The National Association of Home Builders releases its NAHB/Wells Fargo Housing Market Index for October. Consensus estimate is for a 43.5 reading, compared with 46 in September. The index has dropped every month in 2022 from its 84 reading in December.</p><p><b>Wednesday 10/19</b></p><p>The Census Bureau reports new residential construction data for September. Economists forecast a seasonally adjusted annual rate of 1.480 million new housing starts, compared with 1.575 million in August.</p><p>IBM, Tesla, Procter &amp; Gamble, <a href=\"https://laohu8.com/S/TRV\">Travelers</a>, <a href=\"https://laohu8.com/S/CFG\">Citizens Financial Group</a>, <a href=\"https://laohu8.com/S/UBCP\">United</a> Airlines Holdings, <a href=\"https://laohu8.com/S/ABT\">Abbott Laboratories</a>, <a href=\"https://laohu8.com/S/NTRSP\">Northern</a> Trust, Nestlé, <a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a>, <a href=\"https://laohu8.com/S/BHGE\">Baker Hughes</a>, <a href=\"https://laohu8.com/S/GOM\">Ally Financial</a>, ASML Holding, <a href=\"https://laohu8.com/S/LRCX\">Lam Research</a>, <a href=\"https://laohu8.com/S/PLD\">Prologis</a>, and <a href=\"https://laohu8.com/S/AA\">Alcoa</a> hold earnings calls with investors.</p><p>The Federal Reserve Bank releases its beige book on current economic conditions among its 12 districts.</p><p>Thursday 10/20</p><p>Blackstone, Dow, Union Pacific, NextEra Energy, KeyCorp, <a href=\"https://laohu8.com/S/MAN\">ManpowerGroup</a>, Snap-On, <a href=\"https://laohu8.com/S/DHR\">Danaher</a>, <a href=\"https://laohu8.com/S/AFG\">American</a> Airlines Group, AT&amp;T, <a href=\"https://laohu8.com/S/PM\">Philip Morris</a> International, Union Pacific, <a href=\"https://laohu8.com/S/DGX\">Quest Diagnostics</a>, <a href=\"https://laohu8.com/S/GPC\">Genuine Parts</a>, CSX, Snap, and Boston Beer hold earnings conference calls.</p><p>The Conference Board releases its Leading Economic Index for September. Consensus estimate is for a seasonally adjusted 0.3% month-over-month decline, after a 0.3% drop in August.</p><p>The National Association of Realtors reports existing-home sales for September. Expectations are for a seasonally adjusted annual rate of 4.70 million homes sold, compared with 4.80 million in August.</p><p>The Philadelphia Fed Manufacturing Index is released. Estimates call for a minus 5.0 reading in October, compared with minus 9.9 in September.</p><p>Friday 10/21</p><p>American Express, <a href=\"https://laohu8.com/S/WHR\">Whirlpool</a>, Regions Financial, HCA <a href=\"https://laohu8.com/S/HCSG\">Healthcare</a>, <a href=\"https://laohu8.com/S/THC\">Tenet Healthcare</a>, and Schlumberger hold earnings conference calls.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4551":"寇图资本持仓","BK4574":"无人驾驶","BK4581":"高盛持仓","BK4099":"汽车制造商","BK4511":"特斯拉概念","BK4548":"巴美列捷福持仓","QNETCN":"纳斯达克中美互联网老虎指数","NFLX":"奈飞","BK4532":"文艺复兴科技持仓","BK4108":"电影和娱乐","BK4534":"瑞士信贷持仓","BK4507":"流媒体概念","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4555":"新能源车","BK4566":"资本集团","BK4524":"宅经济概念","BK4527":"明星科技股","TSLA":"特斯拉","BK4550":"红杉资本持仓"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2276758809","content_text":"Third-quarter earnings season picks up this week, with more than 60 S&P 500 companies scheduled to report. The economic calendar will bring a bevy of housing-market indicators and other data.Bank of America and Charles Schwab will be Monday's earnings highlights, followed by Netflix, Lockheed Martin, Johnson & Johnson, Goldman Sachs, and Intuitive Surgical on Tuesday.IBM, Tesla, Procter & Gamble, United Airlines Holdings, and Nestlé release results on Wednesday. Thursday will be busy: Blackstone, Dow, American Airlines Group, AT&T, Union Pacific, Snap, and Boston Beer all report. Finally, American Express, Verizon Communications, and Schlumberger close the week on Friday.Housing data out this week will include the National Association of Home Builders' NAHB/Wells Fargo Housing Market Index for October on Tuesday, the Census Bureau's new residential construction data for September on Wednesday, and the National Association of Realtors' existing-home sales for September on Thursday.Other economic releases this week include the Federal Reserve's latest beige book on Wednesday and the Conference Board's Leading Economic Index for September on Thursday.Monday 10/17Bank of America, Charles Schwab, and Bank of New York Mellon report third-quarter earnings.The Federal Reserve Bank of New York releases its Empire State Manufacturing Survey for October. Expectations are for a minus 2.5 reading, compared with minus 1.5 in September. Readings above zero represent economic expansion in the survey.Tuesday 10/18Netflix, Lockheed Martin, Albertsons, Hasbro, Johnson & Johnson, Roche Holding, Goldman Sachs, Truist Financial, State Street, Interactive Brokers, Omnicom Group, J.B. Hunt Transport Services, and Intuitive Surgical are among companies discussing financial results.The Federal Reserve releases industrial production data for September. Economists are looking for no change, after a 0.2% drop in August. Capacity utilization is expected at 79.9%, roughly in line with August's 80.0%.The National Association of Home Builders releases its NAHB/Wells Fargo Housing Market Index for October. Consensus estimate is for a 43.5 reading, compared with 46 in September. The index has dropped every month in 2022 from its 84 reading in December.Wednesday 10/19The Census Bureau reports new residential construction data for September. Economists forecast a seasonally adjusted annual rate of 1.480 million new housing starts, compared with 1.575 million in August.IBM, Tesla, Procter & Gamble, Travelers, Citizens Financial Group, United Airlines Holdings, Abbott Laboratories, Northern Trust, Nestlé, Nasdaq, Baker Hughes, Ally Financial, ASML Holding, Lam Research, Prologis, and Alcoa hold earnings calls with investors.The Federal Reserve Bank releases its beige book on current economic conditions among its 12 districts.Thursday 10/20Blackstone, Dow, Union Pacific, NextEra Energy, KeyCorp, ManpowerGroup, Snap-On, Danaher, American Airlines Group, AT&T, Philip Morris International, Union Pacific, Quest Diagnostics, Genuine Parts, CSX, Snap, and Boston Beer hold earnings conference calls.The Conference Board releases its Leading Economic Index for September. Consensus estimate is for a seasonally adjusted 0.3% month-over-month decline, after a 0.3% drop in August.The National Association of Realtors reports existing-home sales for September. Expectations are for a seasonally adjusted annual rate of 4.70 million homes sold, compared with 4.80 million in August.The Philadelphia Fed Manufacturing Index is released. Estimates call for a minus 5.0 reading in October, compared with minus 9.9 in September.Friday 10/21American Express, Whirlpool, Regions Financial, HCA Healthcare, Tenet Healthcare, and Schlumberger hold earnings conference calls.","news_type":1},"isVote":1,"tweetType":1,"viewCount":117,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9989603364,"gmtCreate":1665977663658,"gmtModify":1676537686711,"author":{"id":"4127309136508732","authorId":"4127309136508732","name":"cky92","avatar":"https://community-static.tradeup.com/news/30bf8de6f8868dfb35bef0e86df9a12b","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4127309136508732","authorIdStr":"4127309136508732"},"themes":[],"htmlText":"👌","listText":"👌","text":"👌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9989603364","repostId":"1110365668","repostType":2,"repost":{"id":"1110365668","pubTimestamp":1665974372,"share":"https://ttm.financial/m/news/1110365668?lang=&edition=fundamental","pubTime":"2022-10-17 10:39","market":"us","language":"en","title":"Alibaba, Nio Shares Fall: Recession Worries, Volatile Wall Street Keep Hong Kong Stocks In Red","url":"https://stock-news.laohu8.com/highlight/detail?id=1110365668","media":"Benzinga","summary":"ZINGER KEY POINTSThe benchmark Hang Seng opened 0.53% lower.Shares of Xpeng, Nio and Baidu lost over","content":"<html><head></head><body><p><b>ZINGER KEY POINTS</b></p><ul><li>The benchmark Hang Seng opened 0.53% lower.</li><li>Shares of Xpeng, Nio and Baidu lost over 5% in morning trade, Alibaba shares fell over 1%.</li></ul><p>Hong Kong shares opened in the red on Monday as recession worries continued to plague stock markets across the world with major indices in the U.S.falling over 1% on Friday.</p><p>The benchmark Hang Seng opened 0.53% lower with shares of Xpeng, Nio and Baidu losing over 5% in morning trade. Alibaba shares lost over 1%.</p><p>“Risk was firmly off in US markets as earnings results rolled in and the University of Michigan survey showed consumer inflation expectations rising for the first time in seven months,” ANZ Research said in a note.</p><p><b>Company News</b>: Alibaba is readying significant discounts and extra help for merchants in the run-up to this year’s <b>Singles’ Day</b> shopping extravaganza,reported the South China Morning Post.</p><p>China’s biggest offshore oil and gas driller <b>Cnooc Ltd.</b> stated net profit probably more than doubled in the first nine months of the year, reported Bloomberg.</p><p><b>Top Gainers and Losers: Li Ning Company Limited</b> and <b>JD.com</b> were the top losers among Hang Seng constituents, having shed over 4% and 3%, respectively. <b>China Mengniu Dairy Company Limited</b> and <b>Lenovo Group Limited</b> were the top gainers, rising over 3% and 1.5%, respectively.</p><p><b>Global News</b>: U.S. futures traded in the green on Monday morning Asia session. The Dow Jones futures were up 0.42% while the Nasdaq futures gained 0.47%. The S&amp;P 500 futures were up 0.46%.</p><p>Elsewhere in Asia, Australia’s ASX 200 was down 1.44%. Japan’s Nikkei 225 lost 1.26% while China’s Shanghai Composite index was down 0.3%. South Korea’s Kospi fell 0.16%.</p></body></html>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba, Nio Shares Fall: Recession Worries, Volatile Wall Street Keep Hong Kong Stocks In Red</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba, Nio Shares Fall: Recession Worries, Volatile Wall Street Keep Hong Kong Stocks In Red\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-17 10:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/asia/22/10/29281144/alibaba-nio-shares-fall-recession-worries-volatile-wall-street-keep-hong-kong-stocks-in-red><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ZINGER KEY POINTSThe benchmark Hang Seng opened 0.53% lower.Shares of Xpeng, Nio and Baidu lost over 5% in morning trade, Alibaba shares fell over 1%.Hong Kong shares opened in the red on Monday as ...</p>\n\n<a href=\"https://www.benzinga.com/markets/asia/22/10/29281144/alibaba-nio-shares-fall-recession-worries-volatile-wall-street-keep-hong-kong-stocks-in-red\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09866":"蔚来-SW","09888":"百度集团-SW","09868":"小鹏汽车-W"},"source_url":"https://www.benzinga.com/markets/asia/22/10/29281144/alibaba-nio-shares-fall-recession-worries-volatile-wall-street-keep-hong-kong-stocks-in-red","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1110365668","content_text":"ZINGER KEY POINTSThe benchmark Hang Seng opened 0.53% lower.Shares of Xpeng, Nio and Baidu lost over 5% in morning trade, Alibaba shares fell over 1%.Hong Kong shares opened in the red on Monday as recession worries continued to plague stock markets across the world with major indices in the U.S.falling over 1% on Friday.The benchmark Hang Seng opened 0.53% lower with shares of Xpeng, Nio and Baidu losing over 5% in morning trade. Alibaba shares lost over 1%.“Risk was firmly off in US markets as earnings results rolled in and the University of Michigan survey showed consumer inflation expectations rising for the first time in seven months,” ANZ Research said in a note.Company News: Alibaba is readying significant discounts and extra help for merchants in the run-up to this year’s Singles’ Day shopping extravaganza,reported the South China Morning Post.China’s biggest offshore oil and gas driller Cnooc Ltd. stated net profit probably more than doubled in the first nine months of the year, reported Bloomberg.Top Gainers and Losers: Li Ning Company Limited and JD.com were the top losers among Hang Seng constituents, having shed over 4% and 3%, respectively. China Mengniu Dairy Company Limited and Lenovo Group Limited were the top gainers, rising over 3% and 1.5%, respectively.Global News: U.S. futures traded in the green on Monday morning Asia session. The Dow Jones futures were up 0.42% while the Nasdaq futures gained 0.47%. The S&P 500 futures were up 0.46%.Elsewhere in Asia, Australia’s ASX 200 was down 1.44%. Japan’s Nikkei 225 lost 1.26% while China’s Shanghai Composite index was down 0.3%. South Korea’s Kospi fell 0.16%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":270,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9980724185,"gmtCreate":1665822083948,"gmtModify":1676537669797,"author":{"id":"4127309136508732","authorId":"4127309136508732","name":"cky92","avatar":"https://community-static.tradeup.com/news/30bf8de6f8868dfb35bef0e86df9a12b","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4127309136508732","authorIdStr":"4127309136508732"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9980724185","repostId":"2275959422","repostType":2,"repost":{"id":"2275959422","pubTimestamp":1665799324,"share":"https://ttm.financial/m/news/2275959422?lang=&edition=fundamental","pubTime":"2022-10-15 10:02","market":"us","language":"en","title":"Netflix's New Ad Tier Gets Mixed Reactions. Now the Focus Is on Earnings","url":"https://stock-news.laohu8.com/highlight/detail?id=2275959422","media":"Barron's","summary":"Netflix is getting a generally bullish reaction from Wall Street analysts to its new advertising str","content":"<html><head></head><body><p>Netflix is getting a generally bullish reaction from Wall Street analysts to its new advertising strategy. Bulls see the addition of an ad-supported subscription tier boosting revenue, although skeptics think the specifics of the new plan will make it unappealing to most viewers.</p><p>Before we get into the details of the debate, let&#39;s take a minute to consider what a breathtaking change of direction this is for the world&#39;s leading subscription-based video-streaming service.</p><p>While analysts and investors pressed Netflix (ticker: NFLX) CEO Reed Hastings for years on the company&#39;s choice not to sell advertising, he emphatically made the case that both viewers and the business were better off with a pure subscription model. Ads were likely to make the Netflix experience worse. he argued.</p><p>In early 2020, just before the pandemic, Hastings was asked for the umpteenth time about why Netflix wasn&#39;t selling ads. He said it would be difficult for the company to compete in the market for digital advertising with Google, Facebook and Amazon.com.</p><p>To create a $5 billion or $10 billion ad business, Netflix would have to &#34;rip that away&#34; from the other platforms, he said, arguing that making money in advertising over the long term would be a battle.</p><p>&#34;We&#39;ve got a much simpler business model which is just focused on streaming and customer pleasure,&#34; Hastings said. &#34;We think with our model that we will actually get to a larger revenue, a larger profit, larger market cap, because we don&#39;t have the exposure to something that we&#39;re strategically disadvantaged at, which is online advertising against those big three.&#34;</p><p>Well, of course, that was then, and this is now.</p><p>Netflix&#39;s subscriber numbers soared during the pandemic, but they have since come back to Earth. Subscribership fell during both of the past two quarters. The March quarter numbers were so shockingly bad -- the company lost 200,000 subscribers after projecting 2.5 million net additions -- that Hastings said on the earnings call that Netflix was considering adding ad-supported service, but that it would be phased in over several years.</p><p>As it turned out, it took just six months for the company to dream up an advertising strategy. The company will offer the new &#34;Basic with Ads&#34; subscription tier to U.S. customers starting Nov. 3 at $6.99 a month, three bucks below the current bare-bones Basic plan. Netflix said it would include 4 to 5 minutes an hour of 15- and 30-seconds ads, both before and during movies and television programs.</p><p>Subscribers to the plan will be limited to a single device at a time and won&#39;t be able to download shows for offline viewing. For licensing reasons, some unspecified content won&#39;t be available on the advertising tier.</p><p>Wall Street is generally supportive of the Netflix strategy, and likewise thinks that the company&#39;s third-quarter earnings report, due on Tuesday, should show some improvement from the June quarter. For the quarter, Netflix has projected revenue of $7.84 billion, up 4.7% from a year ago, with profits of $2.14 a share.</p><p>The company expects to add one million net new subscribers in the quarter, which would boost the total to 221.7 million. While Wall Street&#39;s consensus estimates are in line with management&#39;s guidance on both revenue and profits, analysts expect 1.1 million net new subscribers as the addition of 1.8 million international accounts is offset by a loss of about 700,000 in the U.S.</p><p>UBS analyst John Hodulik on Friday lifted his target price on Netflix shares to $250, from $198, but kept his Neutral rating on the stock. He has some doubts about demand for the ad-based service.</p><p>While he says the ad-supported tier will add to both revenue and profitability -- he sees an eventual 10% boost to revenue -- that will take some time. The single-stream plan unveiled Thursday will have limited appeal, Hodulik says, though he believes the company could eventually offer additional ad tiers with more features.</p><p>Rosenblatt Securities analyst Barton Crockett likewise has doubts about the appeal of the new plan. &#34;The most powerful force in subscriptions is inertia, and a need to switch will greatly limit the number of users of Netflix&#39;s Basic with Ads,&#34; he wrote. &#34;We see limited consumer interest in Netflix&#39;s 1 stream plan, since most houses have over 2 people and multiple streaming devices.&#34;</p><p>He kept his Neutral rating on the stock.</p><p>Benchmark analyst Matthew Harrigan, who kept a Sell rating and $157 target price on the stock, thinks that the medium-term risks in the stock are &#34;geared to the downside.&#34; Among other things, he said the timing for a new advertising platform &#34;is not favorable&#34; given the weak consumer economy. The lack of sports programming could be an issue for the Netflix ad strategy, he said, suggesting that some advertisers could be &#34;repelled&#34; by shows such as Squid Game and a new series about the serial killer Jeffrey Dahmer.</p><p>Evercore ISI analyst Mark Mahaney, who rates the stock at Outperform, is more upbeat. The addition of an advertising tier is &#34;the biggest catalyst across the internet sector&#34; and will &#34;materially boost the value of Netflix to consumers,&#34; reduce churn and expand gross subscriber additions, he said in a research note.</p><p>And the benefits of offering ads aren&#39;t reflected in current Wall Street forecasts for Netflix&#39;s financial performance or in the stock&#39;s valuation, Mahaney wrote. He kept his target of $300 for Netflix&#39;s stock price.</p><p>Netflix shares fell 1.1% to $230 on Friday.</p></body></html>","source":"lsy1610680873436","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Netflix's New Ad Tier Gets Mixed Reactions. Now the Focus Is on Earnings</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNetflix's New Ad Tier Gets Mixed Reactions. Now the Focus Is on Earnings\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-15 10:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/netflix-ads-earnings-51665770684?mod=hp_LATEST><strong>Barron's</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Netflix is getting a generally bullish reaction from Wall Street analysts to its new advertising strategy. Bulls see the addition of an ad-supported subscription tier boosting revenue, although ...</p>\n\n<a href=\"https://www.barrons.com/articles/netflix-ads-earnings-51665770684?mod=hp_LATEST\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NFLX":"奈飞"},"source_url":"https://www.barrons.com/articles/netflix-ads-earnings-51665770684?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2275959422","content_text":"Netflix is getting a generally bullish reaction from Wall Street analysts to its new advertising strategy. Bulls see the addition of an ad-supported subscription tier boosting revenue, although skeptics think the specifics of the new plan will make it unappealing to most viewers.Before we get into the details of the debate, let's take a minute to consider what a breathtaking change of direction this is for the world's leading subscription-based video-streaming service.While analysts and investors pressed Netflix (ticker: NFLX) CEO Reed Hastings for years on the company's choice not to sell advertising, he emphatically made the case that both viewers and the business were better off with a pure subscription model. Ads were likely to make the Netflix experience worse. he argued.In early 2020, just before the pandemic, Hastings was asked for the umpteenth time about why Netflix wasn't selling ads. He said it would be difficult for the company to compete in the market for digital advertising with Google, Facebook and Amazon.com.To create a $5 billion or $10 billion ad business, Netflix would have to \"rip that away\" from the other platforms, he said, arguing that making money in advertising over the long term would be a battle.\"We've got a much simpler business model which is just focused on streaming and customer pleasure,\" Hastings said. \"We think with our model that we will actually get to a larger revenue, a larger profit, larger market cap, because we don't have the exposure to something that we're strategically disadvantaged at, which is online advertising against those big three.\"Well, of course, that was then, and this is now.Netflix's subscriber numbers soared during the pandemic, but they have since come back to Earth. Subscribership fell during both of the past two quarters. The March quarter numbers were so shockingly bad -- the company lost 200,000 subscribers after projecting 2.5 million net additions -- that Hastings said on the earnings call that Netflix was considering adding ad-supported service, but that it would be phased in over several years.As it turned out, it took just six months for the company to dream up an advertising strategy. The company will offer the new \"Basic with Ads\" subscription tier to U.S. customers starting Nov. 3 at $6.99 a month, three bucks below the current bare-bones Basic plan. Netflix said it would include 4 to 5 minutes an hour of 15- and 30-seconds ads, both before and during movies and television programs.Subscribers to the plan will be limited to a single device at a time and won't be able to download shows for offline viewing. For licensing reasons, some unspecified content won't be available on the advertising tier.Wall Street is generally supportive of the Netflix strategy, and likewise thinks that the company's third-quarter earnings report, due on Tuesday, should show some improvement from the June quarter. For the quarter, Netflix has projected revenue of $7.84 billion, up 4.7% from a year ago, with profits of $2.14 a share.The company expects to add one million net new subscribers in the quarter, which would boost the total to 221.7 million. While Wall Street's consensus estimates are in line with management's guidance on both revenue and profits, analysts expect 1.1 million net new subscribers as the addition of 1.8 million international accounts is offset by a loss of about 700,000 in the U.S.UBS analyst John Hodulik on Friday lifted his target price on Netflix shares to $250, from $198, but kept his Neutral rating on the stock. He has some doubts about demand for the ad-based service.While he says the ad-supported tier will add to both revenue and profitability -- he sees an eventual 10% boost to revenue -- that will take some time. The single-stream plan unveiled Thursday will have limited appeal, Hodulik says, though he believes the company could eventually offer additional ad tiers with more features.Rosenblatt Securities analyst Barton Crockett likewise has doubts about the appeal of the new plan. \"The most powerful force in subscriptions is inertia, and a need to switch will greatly limit the number of users of Netflix's Basic with Ads,\" he wrote. \"We see limited consumer interest in Netflix's 1 stream plan, since most houses have over 2 people and multiple streaming devices.\"He kept his Neutral rating on the stock.Benchmark analyst Matthew Harrigan, who kept a Sell rating and $157 target price on the stock, thinks that the medium-term risks in the stock are \"geared to the downside.\" Among other things, he said the timing for a new advertising platform \"is not favorable\" given the weak consumer economy. The lack of sports programming could be an issue for the Netflix ad strategy, he said, suggesting that some advertisers could be \"repelled\" by shows such as Squid Game and a new series about the serial killer Jeffrey Dahmer.Evercore ISI analyst Mark Mahaney, who rates the stock at Outperform, is more upbeat. The addition of an advertising tier is \"the biggest catalyst across the internet sector\" and will \"materially boost the value of Netflix to consumers,\" reduce churn and expand gross subscriber additions, he said in a research note.And the benefits of offering ads aren't reflected in current Wall Street forecasts for Netflix's financial performance or in the stock's valuation, Mahaney wrote. He kept his target of $300 for Netflix's stock price.Netflix shares fell 1.1% to $230 on Friday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":171,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9987363997,"gmtCreate":1667825886019,"gmtModify":1676537969649,"author":{"id":"4127309136508732","authorId":"4127309136508732","name":"cky92","avatar":"https://community-static.tradeup.com/news/30bf8de6f8868dfb35bef0e86df9a12b","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4127309136508732","authorIdStr":"4127309136508732"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9987363997","repostId":"2281414614","repostType":4,"repost":{"id":"2281414614","pubTimestamp":1667835205,"share":"https://ttm.financial/m/news/2281414614?lang=&edition=fundamental","pubTime":"2022-11-07 23:33","market":"us","language":"en","title":"2 Growth Stocks That Could Soar 133% to 226% From Their 52-Week Lows, According to Wall Street","url":"https://stock-news.laohu8.com/highlight/detail?id=2281414614","media":"Motley Fool","summary":"These growth stocks have fallen sharply amid the bear market, but investors have good reason to be bullish on both companies.","content":"<html><head></head><body><p>The stock market has crumbled this year. High inflation and rising interest rates have caused the <b>S&amp;P 500</b> to dive headlong into a bear market. The broad-based index is currently 21% off its high, but many individual growth stocks have fared even worse. For instance, <b>Shopify</b> and <b>Global-e Online</b> have seen their share prices tumble 80% and 73%, respectively, leaving both stocks near 52-week lows.</p><p>However, some Wall Street analysts remain upbeat. Paul Treiber of <b>RBC</b> Capital has a price target on Shopify of $55 per share, 133% higher than its 52-week low of $23.63. And James Faucette of <b><a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a></b> has a price target of $51 per share on Global-e Online, which implies 226% upside from its 52-week low of $15.63.</p><p>Is it time to buy these growth stocks?</p><h2>Shopify: Omnichannel commerce made easy</h2><p>Shopify is the central nervous system for over two million businesses. Its software simplifies commerce by enabling merchants to manage multiple sales channels from a single platform, including online marketplaces like <b>Amazon</b>, social media like Instagram, and direct-to-consumer (D2C) websites. Shopify also provides adjacent solutions for payment processing, financing, and marketing, among others.</p><p>The company has struggled in the current economic environment. Revenue climbed just 22% to $1.4 billion in the third quarter, and the company posted an adjusted loss of $0.02 per share, compared to an adjusted profit of $0.08 per share last year. Worse yet, Shopify may continue to struggle until inflation normalizes and consumer spending rebounds. But these temporary headwinds are obscuring its true potential. In fact, RBC analyst Paul Treiber recently called Shopify &#34;one of the most compelling long-term growth stories.&#34;</p><p>According to G2 Grid, Shopify is the most popular e-commerce software in terms of market presence, and Shopify Plus -- its commerce suite for larger companies -- is the second most popular platform. That success stems from its support for omnichannel commerce. While marketplace operators herd sellers onto one platform, Shopify helps brands grow across virtually any channel. That includes brick-and-mortar stores and D2C websites, which gives brands complete control over the buyer experience -- something they lack on a marketplace like Amazon -- and can increase the odds of lasting customer relationships.</p><p>That means Shopify is set to capitalize on a large and growing addressable market. E-commerce sales worldwide are expected to increase 10% annually to reach $7.4 trillion by 2025, according to eMarketer. Better yet, Shopify has a particularly strong foothold in North America. It powered 10.3% of retail e-commerce sales in the U.S. last year -- second only to Amazon -- and that market is expected to grow 12% annually to reach $1.5 trillion by 2025.</p><p>Currently, shares trade at about 8.5 times sales, an absolute bargain compared to the three-year average of over 36 times sales. That creates a compelling buying opportunity, though investors shouldn&#39;t expect triple-digit returns in the next year. The macroeconomic environment is far too uncertain to warrant that type of near-term optimism.</p><h2>Global-e Online: Cross-border e-commerce made easy</h2><p>Global-e simplifies cross-border e-commerce by helping merchants optimize their digital stores for international buyers. The Global-e platform localizes details like language, currency, and payment options, and it surfaces data-driven insights to help merchants understand shopper behavior on a market-by-market basis. Those services boost international conversion rates, often by more than 60%, according to the company.</p><p>Additionally, Global-e provides fulfillment services through a partner network of shipping carriers, and it offers support for returns and customer service. Better yet, its platform removes much of the regulatory complexity associated with international expansion by helping merchants calculate and pay import duties and foreign sales tax. In a nutshell, Global-e makes it easy for businesses to move into new markets, and that value proposition has the company growing like gangbusters.</p><p>In the second quarter, Global-e saw gross merchandise volume (GMV) soar 64% to $534 million as more brands joined the platform. That feat is particularly impressive given the state of the global economy. In turn, quarterly revenue jumped 52% to $87 million, and the company posted positive free cash flow (FCF) of $30 million. That equates to an impressive FCF margin of 34%.</p><p>Better yet, investors have good reason to believe that momentum will continue. Cross-border e-commerce sales will total $736 billion in 2023, according to <b>Forrester Research</b>, but Global-e handled just $990 million in GMV through the first half of 2022. That puts the company in front of a massive opportunity, and management has set in motion a strong growth strategy. For instance, Global-e powers Shopify Markets Pro, a sophisticated cross-border solution that makes it possible for Shopify merchants to expand into more than 150 markets overnight.</p><p>Currently, shares trade at just over 11 times sales, a discount to the historic average of nearly 25. That&#39;s why investors should consider buying this growth stock, though Global-e is best viewed as a long-term investment. Triple-digit returns are in the cards but only with enough time for the company to expand into its huge market.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>2 Growth Stocks That Could Soar 133% to 226% From Their 52-Week Lows, According to Wall Street</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n2 Growth Stocks That Could Soar 133% to 226% From Their 52-Week Lows, According to Wall Street\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-07 23:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/11/06/2-growth-stocks-could-soar-226-from-52-week-low/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The stock market has crumbled this year. High inflation and rising interest rates have caused the S&P 500 to dive headlong into a bear market. The broad-based index is currently 21% off its high, but ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/11/06/2-growth-stocks-could-soar-226-from-52-week-low/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SHOP":"Shopify Inc","GLBE":"Global-E Online Ltd."},"source_url":"https://www.fool.com/investing/2022/11/06/2-growth-stocks-could-soar-226-from-52-week-low/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2281414614","content_text":"The stock market has crumbled this year. High inflation and rising interest rates have caused the S&P 500 to dive headlong into a bear market. The broad-based index is currently 21% off its high, but many individual growth stocks have fared even worse. For instance, Shopify and Global-e Online have seen their share prices tumble 80% and 73%, respectively, leaving both stocks near 52-week lows.However, some Wall Street analysts remain upbeat. Paul Treiber of RBC Capital has a price target on Shopify of $55 per share, 133% higher than its 52-week low of $23.63. And James Faucette of Morgan Stanley has a price target of $51 per share on Global-e Online, which implies 226% upside from its 52-week low of $15.63.Is it time to buy these growth stocks?Shopify: Omnichannel commerce made easyShopify is the central nervous system for over two million businesses. Its software simplifies commerce by enabling merchants to manage multiple sales channels from a single platform, including online marketplaces like Amazon, social media like Instagram, and direct-to-consumer (D2C) websites. Shopify also provides adjacent solutions for payment processing, financing, and marketing, among others.The company has struggled in the current economic environment. Revenue climbed just 22% to $1.4 billion in the third quarter, and the company posted an adjusted loss of $0.02 per share, compared to an adjusted profit of $0.08 per share last year. Worse yet, Shopify may continue to struggle until inflation normalizes and consumer spending rebounds. But these temporary headwinds are obscuring its true potential. In fact, RBC analyst Paul Treiber recently called Shopify \"one of the most compelling long-term growth stories.\"According to G2 Grid, Shopify is the most popular e-commerce software in terms of market presence, and Shopify Plus -- its commerce suite for larger companies -- is the second most popular platform. That success stems from its support for omnichannel commerce. While marketplace operators herd sellers onto one platform, Shopify helps brands grow across virtually any channel. That includes brick-and-mortar stores and D2C websites, which gives brands complete control over the buyer experience -- something they lack on a marketplace like Amazon -- and can increase the odds of lasting customer relationships.That means Shopify is set to capitalize on a large and growing addressable market. E-commerce sales worldwide are expected to increase 10% annually to reach $7.4 trillion by 2025, according to eMarketer. Better yet, Shopify has a particularly strong foothold in North America. It powered 10.3% of retail e-commerce sales in the U.S. last year -- second only to Amazon -- and that market is expected to grow 12% annually to reach $1.5 trillion by 2025.Currently, shares trade at about 8.5 times sales, an absolute bargain compared to the three-year average of over 36 times sales. That creates a compelling buying opportunity, though investors shouldn't expect triple-digit returns in the next year. The macroeconomic environment is far too uncertain to warrant that type of near-term optimism.Global-e Online: Cross-border e-commerce made easyGlobal-e simplifies cross-border e-commerce by helping merchants optimize their digital stores for international buyers. The Global-e platform localizes details like language, currency, and payment options, and it surfaces data-driven insights to help merchants understand shopper behavior on a market-by-market basis. Those services boost international conversion rates, often by more than 60%, according to the company.Additionally, Global-e provides fulfillment services through a partner network of shipping carriers, and it offers support for returns and customer service. Better yet, its platform removes much of the regulatory complexity associated with international expansion by helping merchants calculate and pay import duties and foreign sales tax. In a nutshell, Global-e makes it easy for businesses to move into new markets, and that value proposition has the company growing like gangbusters.In the second quarter, Global-e saw gross merchandise volume (GMV) soar 64% to $534 million as more brands joined the platform. That feat is particularly impressive given the state of the global economy. In turn, quarterly revenue jumped 52% to $87 million, and the company posted positive free cash flow (FCF) of $30 million. That equates to an impressive FCF margin of 34%.Better yet, investors have good reason to believe that momentum will continue. Cross-border e-commerce sales will total $736 billion in 2023, according to Forrester Research, but Global-e handled just $990 million in GMV through the first half of 2022. That puts the company in front of a massive opportunity, and management has set in motion a strong growth strategy. For instance, Global-e powers Shopify Markets Pro, a sophisticated cross-border solution that makes it possible for Shopify merchants to expand into more than 150 markets overnight.Currently, shares trade at just over 11 times sales, a discount to the historic average of nearly 25. That's why investors should consider buying this growth stock, though Global-e is best viewed as a long-term investment. Triple-digit returns are in the cards but only with enough time for the company to expand into its huge market.","news_type":1},"isVote":1,"tweetType":1,"viewCount":542,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9980533801,"gmtCreate":1665760935203,"gmtModify":1676537661452,"author":{"id":"4127309136508732","authorId":"4127309136508732","name":"cky92","avatar":"https://community-static.tradeup.com/news/30bf8de6f8868dfb35bef0e86df9a12b","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4127309136508732","authorIdStr":"4127309136508732"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9980533801","repostId":"2275937852","repostType":2,"repost":{"id":"2275937852","pubTimestamp":1665757871,"share":"https://ttm.financial/m/news/2275937852?lang=&edition=fundamental","pubTime":"2022-10-14 22:31","market":"us","language":"en","title":"3 Reasons Apple Stock Is a Great Buy Today","url":"https://stock-news.laohu8.com/highlight/detail?id=2275937852","media":"Motley Fool","summary":"Down 20% this year, the tech-giant's shares look quite compelling.","content":"<html><head></head><body><p><b>Apple</b> is down less than the <b>S&amp;P 500</b> year to date, and some investors may be overlooking it as a good investment opportunity today. Instead, they may be searching for stocks that have seen worse declines.</p><p>Investors may conclude that a rebound in the stock price will likely be less impressive than it will be for stocks that have seen steeper drops. But there&#39;s a reason the tech-giant&#39;s shares have been resilient: Apple is an outstanding business with strong long-term growth prospects.</p><p>Here are several reasons why investors may want to consider buying shares of the tech company today while they&#39;re down about 20% year to date.</p><h2>1. Apple generates massive amounts of cash</h2><p>One thing that may keep some investors away from Apple stock is the company&#39;s massive market capitalization of nearly $2.3 trillion. But the company has the cash flow to back up this valuation. The tech giant generated nearly $108 billion in free cash flow (the cash left over after day-to-day operations and capital expenditures are accounted for) in the company&#39;s reported trailing 12 months.</p><p>This hefty cash flow means that Apple can both pay a dividend (more on that below) and repurchase shares. In the company&#39;s most recent quarter, for instance, Apple returned $28 billion to shareholders through a combination of dividends and share repurchases.</p><h2>2. The tech-giant&#39;s services segment is thriving</h2><p>Investors who take a surface-level look at Apple may quickly conclude that the company&#39;s growth years are now behind it. After all, fiscal third-quarter revenue increased just 2% year over year. But investors should keep in mind that a combination of supply constraints that limited sales, as well as some macroeconomic weakness that could prove to be a temporary headwind, weighed on the quarter&#39;s results.</p><p>Even within Apple&#39;s suppressed results, there were signs of strength. Apple&#39;s services business, for instance, saw revenue grow more than 12% year over year during the period. The segment, which earns money from Apple&#39;s share of third-party apps sold on its platform, its own native apps, cloud services, Apple Care, Apple Pay, and other software and services, represents an engine for the company to deepen monetization with its active and loyal customer base over time.</p><p>Helping drive home how well Apple&#39;s services segment is driving monetization, management said in the company&#39;s fiscal third-quarter earnings call that it saw double-digit growth rates in transacting accounts, paid accounts, and accounts with paid subscriptions. More specifically, paid subscriptions across its services business increased by 160 million year over year during fiscal Q3.</p><p>As Apple&#39;s second-largest business segment after iPhone, the high-margin services segment&#39;s momentum -- even during a period of macroeconomic challenges -- makes a good case for continued growth in the tech-giant&#39;s overall business in the coming years.</p><h2>3. Apple pays a growing dividend</h2><p>Investors can also take some comfort in the fact that Apple, unlike many of the growth stocks that have seen their shares plummet in 2022, pays a dividend to its shareholders. Today, Apple&#39;s dividend yield is just 0.7%. But the tech company has provided regular annual dividend increases for shareholders -- and more increases are likely on the way in the coming years. By paying out just 15% of its earnings in dividends, the company&#39;s leaving significant room for dividend increases.</p><p>Overall, Apple&#39;s strong cash flow, robust and fast-growing services segment, and growing dividend make the stock look attractive today. Investors may want to consider buying shares or at least putting the stock on their watch lists.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Reasons Apple Stock Is a Great Buy Today</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Reasons Apple Stock Is a Great Buy Today\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-14 22:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/10/14/3-reasons-apple-stock-is-a-great-buy-today/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apple is down less than the S&P 500 year to date, and some investors may be overlooking it as a good investment opportunity today. Instead, they may be searching for stocks that have seen worse ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/10/14/3-reasons-apple-stock-is-a-great-buy-today/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.fool.com/investing/2022/10/14/3-reasons-apple-stock-is-a-great-buy-today/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2275937852","content_text":"Apple is down less than the S&P 500 year to date, and some investors may be overlooking it as a good investment opportunity today. Instead, they may be searching for stocks that have seen worse declines.Investors may conclude that a rebound in the stock price will likely be less impressive than it will be for stocks that have seen steeper drops. But there's a reason the tech-giant's shares have been resilient: Apple is an outstanding business with strong long-term growth prospects.Here are several reasons why investors may want to consider buying shares of the tech company today while they're down about 20% year to date.1. Apple generates massive amounts of cashOne thing that may keep some investors away from Apple stock is the company's massive market capitalization of nearly $2.3 trillion. But the company has the cash flow to back up this valuation. The tech giant generated nearly $108 billion in free cash flow (the cash left over after day-to-day operations and capital expenditures are accounted for) in the company's reported trailing 12 months.This hefty cash flow means that Apple can both pay a dividend (more on that below) and repurchase shares. In the company's most recent quarter, for instance, Apple returned $28 billion to shareholders through a combination of dividends and share repurchases.2. The tech-giant's services segment is thrivingInvestors who take a surface-level look at Apple may quickly conclude that the company's growth years are now behind it. After all, fiscal third-quarter revenue increased just 2% year over year. But investors should keep in mind that a combination of supply constraints that limited sales, as well as some macroeconomic weakness that could prove to be a temporary headwind, weighed on the quarter's results.Even within Apple's suppressed results, there were signs of strength. Apple's services business, for instance, saw revenue grow more than 12% year over year during the period. The segment, which earns money from Apple's share of third-party apps sold on its platform, its own native apps, cloud services, Apple Care, Apple Pay, and other software and services, represents an engine for the company to deepen monetization with its active and loyal customer base over time.Helping drive home how well Apple's services segment is driving monetization, management said in the company's fiscal third-quarter earnings call that it saw double-digit growth rates in transacting accounts, paid accounts, and accounts with paid subscriptions. More specifically, paid subscriptions across its services business increased by 160 million year over year during fiscal Q3.As Apple's second-largest business segment after iPhone, the high-margin services segment's momentum -- even during a period of macroeconomic challenges -- makes a good case for continued growth in the tech-giant's overall business in the coming years.3. Apple pays a growing dividendInvestors can also take some comfort in the fact that Apple, unlike many of the growth stocks that have seen their shares plummet in 2022, pays a dividend to its shareholders. Today, Apple's dividend yield is just 0.7%. But the tech company has provided regular annual dividend increases for shareholders -- and more increases are likely on the way in the coming years. By paying out just 15% of its earnings in dividends, the company's leaving significant room for dividend increases.Overall, Apple's strong cash flow, robust and fast-growing services segment, and growing dividend make the stock look attractive today. Investors may want to consider buying shares or at least putting the stock on their watch lists.","news_type":1},"isVote":1,"tweetType":1,"viewCount":99,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9984100023,"gmtCreate":1667550037762,"gmtModify":1676537936299,"author":{"id":"4127309136508732","authorId":"4127309136508732","name":"cky92","avatar":"https://community-static.tradeup.com/news/30bf8de6f8868dfb35bef0e86df9a12b","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4127309136508732","authorIdStr":"4127309136508732"},"themes":[],"htmlText":"Thanks for sharing&nbsp;","listText":"Thanks for sharing&nbsp;","text":"Thanks for sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9984100023","repostId":"1169878705","repostType":2,"repost":{"id":"1169878705","pubTimestamp":1667542749,"share":"https://ttm.financial/m/news/1169878705?lang=&edition=fundamental","pubTime":"2022-11-04 14:19","market":"us","language":"en","title":"Meta And Alphabet: Both Are Screaming Bargains, But One Is The Smarter Buy","url":"https://stock-news.laohu8.com/highlight/detail?id=1169878705","media":"seekingalpha","summary":"SummaryBoth META and GOOG have been crushed in recent weeks, as advertising has slowed along with th","content":"<html><head></head><body><h2>Summary</h2><ul><li>Both META and GOOG have been crushed in recent weeks, as advertising has slowed along with the economy.</li><li>META is 57% historically undervalued, trading at just 4.9X cash-adjusted earnings and a PEG of 0.32. It could deliver almost 60% annual returns through 2027, if Zuckerberg can deliver the expected growth.</li><li>Mark Zuckerberg has 55% voting power and is effectively the king of Meta, and no one on earth can stop him from spending $180 billion on the Metaverse.</li><li>There are currently 100 million VR users, spending $500 billion in the global metaverse. META has 1.6% market share and very few people are embracing Meta&#39;s vision. Reality Labs is the most expensive, speculative &#34;build it and they will come&#34; bet in history.</li><li>In contrast, GOOG is a global advertising dynamo with a 26% growing cloud business that&#39;s expected to be generating $9 billion in operating profit by 2027, years before Realty Labs MIGHT break even. GOOG is an AA-rated, Ultra SWAN (sleep well at night) blue-chip with 93rd percentile risk management according to S&amp;P. META has the potential for 4X returns in 5 years, but GOOG could nearly triple, and deliver 21% annual returns. Even though META and GOOG are both screaming buys, I consider GOOG the safer, less speculative, and smarter buy right now.</li><li>I do much more than just articles at The Dividend Kings: Members get access to model portfolios, regular updates, a chat room, and more.</li></ul><p><img src=\"https://static.tigerbbs.com/4fe52b994194e54b84e654197a9f5330\" tg-width=\"750\" tg-height=\"527\" referrerpolicy=\"no-referrer\"/></p><p>At some point, big tech was bound to start missing earnings, having grown too large to be immune from a slowing economy.</p><p>This earnings season that proved to be the case, with Microsoft (MSFT), Alphabet (NASDAQ:GOOG)(NASDAQ:GOOGL), Meta (NASDAQ:META) and Amazon (AMZN), all disappointing on earnings and/or guidance.</p><p>The results for the stock prices were ferocious and swift. Here were the peak declines right after missing earnings, including after hours.</p><ul><li>MSFT: -8% (the next day)</li><li>GOOG: -9% (the next day)</li><li>AMZN: -23% (after hours)</li><li>META: -27% (after-hours)</li></ul><p>All told $360 billion in market cap were wiped out last week, and the number would have been much larger had it not been for a two week bear market rally driven by technicals including yet another &#34;Fed pivot&#34; hopium rally.</p><p>When some of the world&#39;s biggest and best blue chips collapse, it naturally causes many investors to wonder if the investment thesis is broken or if it&#39;s a great chance to be &#34;greedy when others are fearful.&#34;</p><p>Several DK members have requested updates on these blue chips so today I want to take a look at META and GOOG to provide the best and most up-to-date fundamentals-focused analysis of each company&#39;s prospects.</p><p>So let&#39;s take a look at the good, bad, and ugly for META and GOOG to see why META might possibly be broken, while GOOG can still make you rich.</p><p>Let&#39;s start with META, the most troubled of the FAANG stocks.</p><p>Meta Platforms: A Potentially Wonderful Company At The Mercy Of A Mad King<img src=\"https://static.tigerbbs.com/94b7c077967965756e234a35664742a4\" tg-width=\"640\" tg-height=\"418\" referrerpolicy=\"no-referrer\"/></p><p>Ycharts</p><p>Mark Zuckerberg holds the title as the person responsible, at least in large part, for the second greatest decline in investor wealth in history, an impressive $800 billion.</p><ul><li>META is down 78% off its record highs</li></ul><p>This was the second 20%-plus single day crash for Meta,</p><p><img src=\"https://static.tigerbbs.com/706204351d633b8db7c62d0aa7eaa395\" tg-width=\"640\" tg-height=\"341\" referrerpolicy=\"no-referrer\"/></p><p>Bloomberg</p><p>Back in February, Meta became the first company in history to lose a quarter trillion in value in a single day.</p><p>This time the decline was about $60 billion owing to Meta having fallen to a $300 billion market cap.</p><p>Why did Wall Street gut Meta so ferociously?</p><p>Was it Meta&#39;s struggles to grow its global user base?</p><p><img src=\"https://static.tigerbbs.com/f84447a607d2353f7986396e76143f54\" tg-width=\"640\" tg-height=\"291\" referrerpolicy=\"no-referrer\"/></p><p>investor presentation</p><p>Not really. Total users are growing at a slow pace, but still growing and the percent of monthly users who are using Meta&#39;s platforms daily remains steady at 79%. What about sales?</p><p><img src=\"https://static.tigerbbs.com/06ac6fe99afe499d7c54249692ded889\" tg-width=\"640\" tg-height=\"300\" referrerpolicy=\"no-referrer\"/></p><p>investor presentation</p><p>While sales are down from last year, that&#39;s mostly due to the overall pullback in advertising spend and Q3 revenue was stable compared to Q1 and Q2.</p><p>What about revenue per family/user?</p><p><img src=\"https://static.tigerbbs.com/c18c27bea2158ab29ea17321b73bd226\" tg-width=\"640\" tg-height=\"284\" referrerpolicy=\"no-referrer\"/></p><p>investor presentation</p><p>That&#39;s been steady for two years now, which isn&#39;t great in terms of sales growth. But again, part of that is from the fact that global advertising is struggling right now.</p><p><img src=\"https://static.tigerbbs.com/493c782e7fe88c7d31ccbc5c125f2a63\" tg-width=\"640\" tg-height=\"627\" referrerpolicy=\"no-referrer\"/></p><p>Daily Shot</p><p>So what caused the market to freak out over META and send shares down as much as 27% in a matter of hours?</p><p><img src=\"https://static.tigerbbs.com/4311b4965b6c8f91931fc8f2cf0e140d\" tg-width=\"640\" tg-height=\"326\" referrerpolicy=\"no-referrer\"/></p><p>investor presentation</p><p>META has a big spending problem, almost doubling its growth spending on Reality Labs, its massive 10-year bet on the Metaverse.</p><p><img src=\"https://static.tigerbbs.com/6e2cd70c06797efd8d8e30e25fdbe8da\" tg-width=\"640\" tg-height=\"305\" referrerpolicy=\"no-referrer\"/></p><p>investor presentation</p><p>META&#39;s EPS has been hammered by spending at Reality Labs, and is now expected to decline 34% in 2022 and another 15% in 2023.</p><p>Why? Partially due to the 2023 recession the bond market now considers a 100% certainty.</p><p>But also because of this.</p><blockquote><b>We do anticipate that Reality Labs operating losses in 2023 will grow significantly year-over-year.</b>Beyond 2023, we expect to pace Reality Labs investments such that we can achieve our goal of growing overall company operating income in the long run.&#34; - Mark Zuckerberg, Q3 conference call (emphasis added)</blockquote><p>Last year META lost $10 billion on the Metaverse, and this year it&#39;s expected to lose even more. And per its CEO and founder, next year &#34;significantly more&#34; still.</p><p><img src=\"https://static.tigerbbs.com/f4e892aa9bb18f5f8d13a588dae8dd1e\" tg-width=\"640\" tg-height=\"168\" referrerpolicy=\"no-referrer\"/></p><p>FactSet Research Terminal</p><p>Based on Zuckerberg&#39;s comments about &#34;pacing&#34; spending beyond 2023 analysts expect capex to remain elevated by about 2X compared to before Meta changed its name and went all in on the Metaverse.</p><p>Mark Zuckerberg: The Mad King Is The Biggest Reason Meta Is A Speculative Blue Chip</p><p>Mark Zuckerberg holds 55% of voting power at META, thanks to his class B shares. Until now, that hasn&#39;t been a problem, even though he&#39;s been effectively the &#34;emperor&#34; of Facebook since the beginning.</p><p>But now that former COO Sheryl Sandberg, who built the META ad model into a free cash flow minting machine, has left? Well, it appears there&#39;s no one with the credibility in META&#39;s c-suite to stand up to the mad king and his potentially disastrous $100-plus billion boondoggle.</p><p>But isn&#39;t Zuckerberg a visionary? A mad genius who turned a simple and what many thought was a stupid idea into a formerly $1.1 trillion company?</p><p>Yes, but there&#39;s a fine line between genius and madness and Zuckerberg is potentially on the wrong side of it. Why?</p><p><img src=\"https://static.tigerbbs.com/b8c05494f0e487fb3a61b3f300f45626\" tg-width=\"640\" tg-height=\"623\" referrerpolicy=\"no-referrer\"/></p><p>Statista</p><p>The potential market for VR in general is about 100 million people today and that&#39;s expected to grow to about 130 million by 2027.</p><p>META is struggling to grow its user base beyond its current 3 billion, because it&#39;s largely saturated its addressable market of Internet-0connected people around the world.</p><p>Zuckerberg has a grand vision of a Meta, controlled Metaverse, a digital world in which we all wear VR goggles and live second lives online.</p><p><img src=\"https://static.tigerbbs.com/d11876b87180b39c2b209e00ea94ac32\" tg-width=\"640\" tg-height=\"383\" referrerpolicy=\"no-referrer\"/></p><p>Engadget</p><p>Meta&#39;s &#34;significantly higher losses&#34; in Reality Labs next year is due to launching the Quest Pro, a $1,500 VR headset that costs 5X more than the Quest 2 headset.</p><p>META&#39;s timing on the Metaverse literally came at the worst possible time.</p><ul><li>the company pivoted to massive spending on new and untested tech that it admits might not make money for 10 years.</li><li>just as the speculative tech bubble burst</li><li>and now is launching a $1500 VR headset that costs more than an iPhone during a recession</li><li>today even Apple is starting to struggle with iPhone sales</li><li>and the Quest Pro is much less useful or desirable than an iPhone</li></ul><p>And I&#39;m not the only one skeptical of Meta&#39;s giant pivot into a sci-fi future.</p><p><img src=\"https://static.tigerbbs.com/ab726475339a2554c9db03d4b123b08a\" tg-width=\"640\" tg-height=\"201\" referrerpolicy=\"no-referrer\"/></p><p>FactSet Research Terminal</p><p>Reality Labs revenue was about $721 million in 2021 and growing at 9% annually in recent years.</p><ul><li>not exactly a thrilling level of growth</li></ul><p>That grow rate isn&#39;t expected to improve until 2025, and even by 2027, when Metaverse revenue is expected to double, it&#39;s expected to total $2.8 billion, just over 1% of the company&#39;s sales.</p><p>All while generating $20.3 billion in operating losses, by 2025.</p><p>Reality Labs was founded in 2021, when Meta changed its name and its mission.</p><ul><li>$79.5 billion in cumulative operating losses through 2025</li><li>with no signs of declining annual losses, much less profits</li></ul><p>Zuckerberg is either crazy or a genius, and so far all the evidence points to crazy.</p><ul><li>Potentially $180 to $200 billion in Metaverse losses by 2030 if they keep burning $20 billion after 2025</li></ul><p>But what if Zuckerberg is a Steve Jobs style genius? Jobs famously said that you often can&#39;t ask customers what they want in a product, because true innovation is so revolutionary they don&#39;t know they want it.</p><blockquote><i>If I</i>had<i>asked</i>people what they wanted, they would have said faster horses.” - Henry Ford</blockquote><p>How many people were excited about the iPod when it was introduced in 2001? It was just a better, sleeker, and cooler MP3 player. And yet it transformed Apple into a cash flow machine.</p><p>And then gave Steve Jobs the credibility and &#34;reality distortion field&#34; to change the world with the iPhone.</p><p>In other words, truly revolutionary change requires a &#34;build it and they will come&#34; mindset. At least that&#39;s how Mark Zuckerberg is spinning his $200 billion bet.</p><p>The difference between Zuckerberg and Henry Ford and Steve Jobs is that neither of them risked even a fraction of the money Zuckerberg is planning on.</p><p>For what&#39;s objectively a very speculative bet.</p><p>For every 10 mad geniuses trying to change the world with their inventions, nine of them fail. And none of them have ever had the resources or power of Mark Zuckerberg, the mad king of Facebook.</p><p>It Wasn&#39;t All Bad</p><blockquote>Our positive takeaways from Meta’s results were that the network effect remains intact given the firm’s encouraging user count and engagement metrics, which we think position Meta to accelerate revenue growth in late 2023, with the assumption that macro uncertainty eases.</blockquote><blockquote>In addition, Reels is creating incremental engagement time per user and has also displayed early signs of high monetization potential. Plus, the firm continues to invest in enhancing its ad measurement capabilities while adding new advertising options for businesses, which we think will further drive a turnaround.&#34; - Morningstar</blockquote><p>META has been very badly hurt by Apple&#39;s change in private policy, which automatically blocks data tracking unless users specifically opt-in. Just 25% of iOS users have opted in and that number appears to be stable but not improving.</p><p><img src=\"https://static.tigerbbs.com/f10a5a150ede879f1ebd43fb55d4fb8d\" tg-width=\"640\" tg-height=\"287\" referrerpolicy=\"no-referrer\"/></p><p>Statista</p><p>iPhone has 55% market share in the US, the most lucrative digital ad market in the world. This means that with this single privacy policy change, social media companies saw their user data collapse by 42% and it might never be coming back.</p><p>META, GOOG, and AMZN are the three giants of digital advertising, and each one is hurt to a different degree by this privacy policy change.</p><ul><li>META most of all</li><li>GOOG less so because it has alternative data sources (more than 7 services with over 1 billion global users)</li><li>AMZN least of all because its ad-algos are mostly running on its own proprietary data</li></ul><p><img src=\"https://static.tigerbbs.com/0dd8dea4f3c18e533cf6877b3017340f\" tg-width=\"640\" tg-height=\"227\" referrerpolicy=\"no-referrer\"/></p><p>FactSet Research Terminal</p><p>Meta&#39;suser baseis expected to grow slowly over time, but the 58 analysts that cover META (more than any other company on Wall Street) don&#39;t believe the Social Media king is dying.</p><p>Average revenue per user is also expected to recover once the recession is over, though grow by just a modest 15% by 2025.</p><p>And<b>free cash flow, which has been cut in half in the last 12 months, is expected to nearly triple to $43 billion by 2027.</b></p><p>And thanks to a much lower market cap,<b>Meta&#39;s consensus buybacks of $93 billion from 2023 to 2027</b>could buy back a lot of stock.</p><ul><li>34% of shares at current valuations</li><li>up to 10% of shares each year</li></ul><p>And what about Meta&#39;s growth prospects after it gets past the 2023 recession and this painful pivot to the Metaverse?</p><table><tbody><tr><td><b>Investment Strategy</b></td><td><b>Yield</b></td><td><b>LT Consensus Growth</b></td><td><b>LT Consensus Total Return Potential</b></td><td><b>Long-Term Risk-Adjusted Expected Return</b></td><td><b>Long-Term Inflation And Risk-Adjusted Expected Returns</b></td><td><b>Years To Double Your Inflation &amp; Risk-Adjusted Wealth</b></td><td><p><b>10-Year Inflation And Risk-Adjusted Expected Return</b></p></td></tr><tr><td><b>Meta Platforms</b></td><td><b>0%</b></td><td><b>15.3%</b></td><td><b>15.3%</b></td><td><b>10.7%</b></td><td><b>8.4%</b></td><td><b>8.5</b></td><td><b>2.25</b></td></tr><tr><td>Nasdaq</td><td>0.8%</td><td>11.5%</td><td>12.3%</td><td>8.6%</td><td>6.3%</td><td>11.4</td><td>1.85</td></tr><tr><td>Schwab US Dividend Equity ETF</td><td>3.6%</td><td>8.5%</td><td>12.1%</td><td>8.4%</td><td>6.2%</td><td>11.7</td><td>1.82</td></tr><tr><td>Dividend Aristocrats</td><td>2.6%</td><td>8.5%</td><td>11.1%</td><td>7.8%</td><td>5.5%</td><td>13.1</td><td>1.71</td></tr><tr><td><b>Alphabet</b></td><td><b>0.0%</b></td><td><b>11.1%</b></td><td><b>11.1%</b></td><td><b>7.8%</b></td><td><b>5.5%</b></td><td><b>13.1</b></td><td><b>1.71</b></td></tr><tr><td>S&amp;P 500</td><td>1.8%</td><td>8.5%</td><td>10.3%</td><td>7.2%</td><td>4.9%</td><td>14.6</td><td>1.62</td></tr></tbody></table><p><i>(Sources: DK Research Terminal, FactSet, Ycharts, Morningstar)</i></p><p>Analysts remain bullish on META, far more so than Alphabet in fact, expecting META to potentially deliver 15.3% long-term returns while GOOG is expected to match the aristocrats and modestly beat the S&amp;P over time.</p><p>And that doesn&#39;t include valuation, and there&#39;s no question that at 4.9X cash adjusted trough 2023 earnings, META is trading at a fire sale price.</p><p>Meta Is A Screaming Buy... If You Trust Zuckerberg&#39;s Vision</p><table><tbody><tr><td><b>Metric</b></td><td><b>Historical Fair Value Multiples (8-Years)</b></td><td><b>2021</b></td><td><b>2022</b></td><td><b>2023</b></td><td><b>2024</b></td><td><b>2025</b></td><td><p><b>12-Month Forward Fair Value</b></p></td></tr><tr><td>Earnings</td><td>26.84</td><td>$369.59</td><td>$224.38</td><td>$224.38</td><td>$286.92</td><td>$364.22</td></tr><tr><td>Average</td><td>$369.59</td><td>$224.38</td><td>$224.38</td><td>$286.92</td><td>$364.22</td><td><b>$224.38</b></td></tr><tr><td>Current Price</td><td>$94.82</td></tr><tr><td><p>Discount To Fair Value</p></td><td>74.34%</td><td>57.74%</td><td>57.74%</td><td>66.95%</td><td>73.97%</td><td><b>57.74%</b></td></tr><tr><td>Upside To Fair Value</td><td>289.78%</td><td>136.64%</td><td>136.64%</td><td>202.59%</td><td>284.12%</td><td><b>136.64%</b></td></tr><tr><td>2022 EPS</td><td>2023 EPS</td><td>2022 Weighted EPS</td><td>2023 Weighted EPS</td><td>12-Month Forward EPS</td><td><i><b>12-Month Average Fair Value Forward PE</b></i></td><td><i><b>Current Forward PE</b></i></td><td><p><i><b>Current Forward Cash-Adjusted PE</b></i></p></td></tr><tr><td>$8.36</td><td>$8.36</td><td>$1.13</td><td>$7.23</td><td>$8.36</td><td><i><b>26.8</b></i></td><td><i><b>11.3</b></i></td><td><i><b>4.9</b></i></td></tr></tbody></table><p>IF META does grow at 15% over time, then historically it&#39;s worth about 27X earnings and today it trades at 11.3, and just 4.9X cash-adjusted earnings.</p><ul><li>a bargain by even private equity standards</li></ul><p>Its PEG ratio is 0.32, hyper-growth (potentially) at an absurdly wonderful price.</p><p>Meta 2024 Consensus Total Return Potential<img src=\"https://static.tigerbbs.com/62054bc6735d5b3012c6d1da25de4e92\" tg-width=\"640\" tg-height=\"278\" referrerpolicy=\"no-referrer\"/></p><p>(Source: FAST Graphs, FactSet)</p><p>If META can grow as expected and return to market-determined fair value consistent with its expected growth rate, then within two years it could nearly triple, delivering 63% annual returns.</p><ul><li>about 6X more than the S&amp;P 500</li></ul><p>Meta 2027 Consensus Total Return Potential<img src=\"https://static.tigerbbs.com/2b8d1f772339dbea925e58d0134800da\" tg-width=\"640\" tg-height=\"304\" referrerpolicy=\"no-referrer\"/></p><p>(Source: FAST Graphs, FactSet)</p><p>META has Amazon like return potential over the next five year, IF the turnaround is successful.</p><ul><li>326% consensus return potential through 2027</li><li>32% CAGR</li><li>about 7X more than the S&amp;P 500</li></ul><p>Meta Investment Decision Tool<img src=\"https://static.tigerbbs.com/4e9bd4292ef2e7e5731cd633b4998777\" tg-width=\"640\" tg-height=\"248\" referrerpolicy=\"no-referrer\"/></p><p>DK</p><p><img src=\"https://static.tigerbbs.com/0937d49464fcb7f2e82aaaf59250190b\" tg-width=\"640\" tg-height=\"315\" referrerpolicy=\"no-referrer\"/></p><p>(Source: Dividend Kings Automated Investment Decision Tool)</p><p><i>(Source: Dividend Kings Automated Investment Decision Tool)</i></p><p>META is as close to a perfect<i>speculative</i>hyper-growth blue-chip opportunity as exists on Wall Street for anyone comfortable with its risk profile. Look at how it compares to the S&amp;P 500.</p><ul><li><b>57% discount to fair value vs. 2% S&amp;P = 55% better valuation</b></li><li><b>almost 50% better long-term annual return potential</b></li><li><b>about 4X higher risk-adjusted expected returns</b></li></ul><p>Alphabet: One Of The World&#39;s Best Growth Blue-Chips Is Doing Just Fine</p><p>Bottom line up front, GOOG is a far safer and better run company than Meta.</p><table><tbody><tr><td><b>Company</b></td><td><b>Meta Platforms</b></td><td><b>Alphabet</b></td><td><b>META Wins</b></td><td><b>GOOG Wins</b></td></tr><tr><td>LT Growth Consensus</td><td><b>15.3%</b></td><td>11.1%</td><td>1</td></tr><tr><td>Total Return Potential</td><td><b>15.3%</b></td><td>11.1%</td><td>1</td></tr><tr><td>LT Risk-Adjusted Expected Return</td><td><b>10.7%</b></td><td>7.7%</td><td>1</td></tr><tr><td>Inflation &amp; Risk-Adjusted Expected Return</td><td><b>8.4%</b></td><td>5.5%</td><td>1</td></tr><tr><td>Years To Double</td><td><b>8.5</b></td><td>13.0</td><td>1</td></tr><tr><td>Historical Total Return</td><td>11.6%</td><td><b>19.8%</b></td><td>1</td></tr><tr><td>12-Month Consensus Total Return Potential</td><td><b>68%</b></td><td>40%</td><td>1</td></tr><tr><td>12-Month Fundamentally Justified Total Return Potential</td><td><b>137%</b></td><td>47%</td><td>1</td></tr><tr><td>5-Year Consensus Return Potential</td><td><b>29% to 45%</b></td><td>19% to 21%</td><td>1</td></tr><tr><td>Discount To Fair Value</td><td><b>57%</b></td><td>32%</td><td>1</td></tr><tr><td>Cash-Adjusted PE</td><td><b>4.9</b></td><td>9.7</td><td>1</td></tr><tr><td>DK Rating</td><td><b>Ultra Value Buy</b></td><td>Very Strong Buy</td><td>1</td></tr><tr><td>Dividend King&#39;s Automatic Investment Decision Score</td><td><b>100% A+ Excellent</b></td><td><b>100% A+ Excellent</b></td><td>1</td><td>1</td></tr><tr><td>Quality Score</td><td>84%</td><td><b>97%</b></td><td>1</td></tr><tr><td>Safety Score</td><td><b>100%</b></td><td><b>100%</b></td><td>1</td><td>1</td></tr><tr><td>Dependability Score</td><td>67%</td><td><b>94%</b></td><td>1</td></tr><tr><td>S&amp;P LT Risk Management Global Percentile</td><td>63% Above-Average, Low Risk</td><td><b>93% Exceptional (Very Low Risk)</b></td><td>1</td></tr><tr><td>Credit Rating</td><td>AA- Stable</td><td><b>AA+ Stable</b></td><td>1</td></tr><tr><td>30-Year Bankruptcy Risk</td><td>0.55%</td><td><b>0.29%</b></td><td>1</td></tr><tr><td>Return On Capital (12-Months)</td><td>46%</td><td><b>68%</b></td><td>1</td></tr><tr><td>Return On Capital Industry Percentile</td><td>60%</td><td><b>64%</b></td><td>1</td></tr><tr><td>Return On Capital (13-Year Median)</td><td>95%</td><td><b>74%</b></td><td>1</td></tr><tr><td>Return On Capital (5-Year trend)</td><td>-16%</td><td><b>-1.0%</b></td><td>1</td></tr><tr><td><b>Sum</b></td><td><b>14</b></td><td><b>11</b></td></tr></tbody></table><p><i>(Source: DK Zen Research Terminal)</i></p><p>Meta is the better value, BUT only if you are comfortable with its speculative nature and risk profile.</p><p>Mad king Mark is running the show and if he wants to run it straight into the ground you have no say in the matter.</p><p>META&#39;s AA-stable credit rating is excellent, but GOOG&#39;s AA+ stable rating is slightly better, with just 0.29% 30-year bankruptcy risk according to S&amp;P.</p><p>META&#39;s 68th S&amp;P long-term risk management percentile is above-average bordering on good, indicating low risk.</p><p>But GOOG&#39;s 93rd percentile risk management is exceptional, indicating a very low risk, and you don&#39;t have to worry about a CEO king who for now looks to have lost his mind.</p><p>GOOG&#39;s historical profitability is superior to META&#39;s, and its wide moat has been far more stable in recent years.</p><p><img src=\"https://static.tigerbbs.com/43f1ca84d4462833213817298e24e113\" tg-width=\"640\" tg-height=\"570\" referrerpolicy=\"no-referrer\"/></p><p>Daily Shot</p><p>And YouTube, the crown jewel in GOOG&#39;s social media crown, is far more popular with young people than Facebook or Instagram.</p><p><img src=\"https://static.tigerbbs.com/0a1a3b04fa6ad74bec76f543d4b551bc\" tg-width=\"640\" tg-height=\"463\" referrerpolicy=\"no-referrer\"/></p><p>FactSet Research Terminal</p><p>And unlike META, which is 100% reliant on advertising, GOOG is a far more diversified company.</p><ul><li>its #4 in Cloud Computing</li></ul><p>GOOG&#39;s &#34;other bets&#34; it&#39;s moonshot programs, are expected to have $2.8 billion in sales in 2027, just like Reality Labs. The only difference is that GOOG spends about $3.2 billion annually on other bets, and that part of the GOOG empire could be worth$50 billion.</p><p>Or to put it another way, META is spending 4X as much money on Reality Labs as GOOG is on Other Bets, and GOOG plans to cut back on that spending in the next year. META plans to increase its spending by about 20%.</p><p>GOOG has so far lost $27 billion on Other Bets, searching for its next world-beater business. META plans to potentially lose $200 billion or 8X as much, on Reality Labs, and for a business model that so far only 100 million people say they are interested in using.</p><ul><li>100 million global VR users, not META VR users</li></ul><p><img src=\"https://static.tigerbbs.com/259efcc5572a42720a588533421b02fc\" tg-width=\"640\" tg-height=\"399\" referrerpolicy=\"no-referrer\"/></p><p>Daily Shot</p><p>GOOG Cloud is a fast growing business. It&#39;s not yet profitable but is expected to become profitable in 2025, a year when META is expected to lose over $20 billion on Reality Labs.</p><p>By 2027 analysts expect Google Cloud to be generating $76 billion in sales (vs $2.8 billion for Reality Labs) and converting that into $9.3 billion in operating income.</p><p>In other words, Google Cloud is a 26% CAGR growing business that&#39;s expected to be minting money far faster than Reality Labs, assuming the Metaverse ever achieves profitability for META.</p><p><img src=\"https://static.tigerbbs.com/46de34fc9eecf6693ab7b75e73afab83\" tg-width=\"640\" tg-height=\"346\" referrerpolicy=\"no-referrer\"/></p><p>IOT Analytics</p><p>And unlike the Metaverse which is expected to have 130 million users (maybe) by 2027, cloud computing is a proven industry, growing at 15% per year and which could become a $2 trillion to $10 trillion industry by 2030.</p><blockquote><b>The global Metaverse revenue opportunity could approach $800 billion in 2024 vs. about $500 billion in 2020</b>, based on our analysis and Newzoo, IDC, PWC, Statista and Two Circles data. The primary market for online game makers and gaming hardware may exceed $400 billion in 2024 while opportunities in live entertainment and social media make up the remainder.&#34; -Bloomberg</blockquote><p>Now in fairness to Mr. Zuckerberg and fans of the Metaverse, the Metaverse is already a $500 billion global market. But that&#39;s 80% gaming which META is getting only a small handful off.</p><ul><li>META&#39;s market share in the Metaverse is currently 1.6%</li></ul><p>In other words, with Alphabet the big growth driver is a 26% growing business in a bigger and proven model.</p><p>GOOG&#39;s ability to generate meaningful cash flow from cloud is not speculative, just look at how AWS and Azure are minting money for AMZN and MSFT.</p><p>And speaking of cash flow.</p><p><img src=\"https://static.tigerbbs.com/e44d44de216c22eb1bb6c72a5bdcb469\" tg-width=\"640\" tg-height=\"166\" referrerpolicy=\"no-referrer\"/></p><p>FactSet Research Terminal</p><p>While META&#39;s FCF is expected to get cut in half to $16 billion in 2022, GOOG&#39;s is expected to remain stable at $68 billion.</p><p>In 2027 META is expected to generate a solid $43 billion in FCF. But GOOG is expected to generate $159 billion, the most in human corporate history.</p><p>2027 FCF Consensus Forecasts:</p><ol><li>GOOG: $159 billion</li><li>AAPL: $155 billion</li><li>AMZN: $137 billion</li><li>MSFT: $101 billion</li><li>META: $43 billion</li></ol><p>And while META is expected to buy back a very healthy $93 billion in stock in the coming years, GOOG is expected to spend $365 billion between 2023 and 2027.</p><p>In fact, in 2027 alone GOOG&#39;s consensus buybacks of $92 billion is as much as analysts expect META to spend over the next four years combined.</p><p>Alphabet Valuation: Potentially A Very Strong Buy And Close To An Ultra Value Buy</p><blockquote>Alphabet reported disappointing third-quarter results as revenue growth decelerated further, driven by the stronger dollar and economic uncertainty, which is increasing hesitancy in ad spending. Assuming less uncertainty in the macroeconomic environment, plus the monetization of YouTube Shorts, we expect advertising revenue growth to return to double-digit levels in 2023. Unlike advertising, the cloud business maintained impressive growth.&#34; - Morningstar</blockquote><p>GOOG&#39;s 9% plunge post-earnings was purely for cyclical reasons, nothing to do with its core business. Advertisers are pulling back due to the slowing economy and coming recession.</p><p>Nothing about GOOG&#39;s fundamental core business is broken, unlike META which has chosen to make a $200 billion speculative pivot.</p><ul><li>GOOG is not a turnaround story (20% or less max risk cap rec)</li><li>META is a turnaround story (2.5% or less max risk cap rec)</li></ul><blockquote>YouTube Shorts has already reached 1.5 billion monthly active viewers, reducing fears that Tok-Tok is hurting the business. With the strong network effect present on YouTube, the strength of Google search, and the firm’s ad-tech powered measuring capabilities, Google’s ad revenue miss wasn’t significantly due to Apple privacy changes either.&#34; - Morningstar</blockquote><p>While META is struggling to compete with Tok-Tok (and losing for now), GOOG&#39;s YouTube is holding its own.</p><p>And while META&#39;s user data feed was gutted by Apple&#39;s privacy change, GOOG was barely affected at all.</p><ul><li>GMAIL has almost 2 billion global users</li><li>4.3 billion people use Google Search</li><li>GOOG has over seven services with over 1 billion users.</li></ul><p>This is how GOOG is able to replace that user data that META can&#39;t.</p><p>And the more Google Cloud grows, the more data of all kinds it will have to improve its algorithms even faster.</p><p>META has no plans for cloud computing, and no way to increase its user data feed, unless everyone buys into its Metaverse vision.</p><ul><li>the most passionate Metaverse advocates hate META with a passion</li><li>they view Zuckerberg&#39;s vision as a &#34;Ready Player One&#34; style dystopia</li></ul><p>So with GOOG you have a more diversified and better run business, with far better long-term risk-management according to S&amp;P.</p><p>You have a clear path to growth and far less execution risk than what META faces.</p><p>And most of all, you don&#39;t have a single person who reigns over the company as a potentially mad god king who no one can stop from running into the ground, which is the largest risk to META today.</p><p>Alphabet: A Wonderful Company At A Wonderful Price</p><table><tbody><tr><td><b>Metric</b></td><td><b>Historical Fair Value Multiples (all years)</b></td><td><b>2021</b></td><td><b>2022</b></td><td><b>2023</b></td><td><b>2024</b></td><td><b>2025</b></td><td><b>12-Month Forward Fair Value</b></td></tr><tr><td>Earnings</td><td>25.79</td><td>$144.68</td><td>$122.76</td><td>$138.75</td><td>$163.25</td><td>$196.26</td></tr><tr><td>Average</td><td>$144.68</td><td>$122.76</td><td>$138.75</td><td>$163.25</td><td>$196.26</td><td><b>$136.60</b></td></tr><tr><td>Current Price</td><td>$92.11</td></tr><tr><td><p>Discount To Fair Value</p></td><td>36.34%</td><td>24.97%</td><td>33.61%</td><td>43.58%</td><td>53.07%</td><td><b>32.57%</b></td></tr><tr><td>Upside To Fair Value</td><td>57.08%</td><td>33.28%</td><td>50.64%</td><td>77.23%</td><td>113.07%</td><td><b>48.30%</b></td></tr><tr><td>2022 EPS</td><td>2023 EPS</td><td>2022 Weighted EPS</td><td>2023 Weighted EPS</td><td>12-Month Forward PE</td><td><i><b>12-Month Average Fair Value Forward PE</b></i></td><td><i><b>Current Forward PE</b></i></td><td><p><i><b>Current Forward Cash-Adjusted PE</b></i></p></td></tr><tr><td>$4.76</td><td>$5.38</td><td>$0.64</td><td>$4.66</td><td>$5.30</td><td><i><b>25.8</b></i></td><td><i><b>17.4</b></i></td><td><i><b>9.8</b></i></td></tr></tbody></table><p>GOOG has historically been valued by billions of investors at about 26X earnings, even when it was growing at 4%.</p><p>Thus I&#39;m confident that GOOG growing at 11% (those estimates might increase post-recession) is still worth about 26X earnings.</p><p>Today GOOG trades at 17.4X earnings, but just 9.8X cash-adjusted earnings.</p><ul><li>a PEG of 0.88</li><li>growth at a reasonable price, and in an AA-rated Ultra-SWAN quality 93rd percentile risk management package</li></ul><p>Alphabet 2024 Consensus Total Return Potential<img src=\"https://static.tigerbbs.com/23868f3dfc1869c9442f0ad0672d2a09\" tg-width=\"640\" tg-height=\"280\" referrerpolicy=\"no-referrer\"/></p><p>(Source: FAST Graphs, FactSet Research)</p><p>If GOOG grows as expected and returns to historical fair value, it could deliver 73% returns, or 29% CAGR.</p><ul><li>more than 2X greater than the S&amp;P 500</li></ul><p>Alphabet 2027 Consensus Total Return Potential<img src=\"https://static.tigerbbs.com/6c3e07e1e806a11b6863540e10944c6e\" tg-width=\"640\" tg-height=\"287\" referrerpolicy=\"no-referrer\"/></p><p>(Source: FAST Graphs, FactSet Research)</p><p>If GOOG grows as expected through 2027 it could deliver 165% total returns, or 21% CAGR.</p><ul><li>Buffett-like returns from a blue-chip bargain hiding in plain sight</li><li>about 2.5X more than the S&amp;P 500</li><li><b>19% to 21% CAGR consensus return potential range</b></li></ul><p>GOOG Corp Investment Decision Tool<img src=\"https://static.tigerbbs.com/4e9bd4292ef2e7e5731cd633b4998777\" tg-width=\"640\" tg-height=\"248\" referrerpolicy=\"no-referrer\"/></p><p>DK</p><p><img src=\"https://static.tigerbbs.com/6470c914e395e501c75702109cc80d34\" tg-width=\"640\" tg-height=\"314\" referrerpolicy=\"no-referrer\"/></p><p>(Source: Dividend Kings Automated Investment Decision Tool)</p><p>GOOG is as close to a perfect growth blue-chip opportunity as exists on Wall Street for anyone comfortable with its risk profile. Look at how it compares to the S&amp;P 500.</p><ul><li><b>32% discount to fair value vs. 2% S&amp;P = 30% better valuation</b></li><li><b>10% better long-term annual return potential (but with far better safety, quality, and risk-management)</b></li><li><b>about 2X higher risk-adjusted expected returns</b></li></ul><p>Bottom Line: Both META And Alphabet Are Screaming Bargains But The Mad King Zuckerberg Makes GOOG The Smarter, Safer, And Less Speculative Buy Today</p><p>META has become cheap for a good reason, the speculative turnaround plan that CEO/King Zuckerberg has doubled down on.</p><p>I&#39;m personally skeptical that Reality Labs will pay off big, and expect that META will pivot and significantly reduce its spending plans on the Metaverse.</p><p>That&#39;s why I still own the stock, though just a 1% position (2.5% OR LESS is the max recommended position size).</p><p>In contrast, GOOG, while not as undervalued, is also a higher-quality, more diversified, and stronger company in terms of balance sheet and free cash flow generation.</p><p>It&#39;s 93rd percentile risk management and AA+ stable credit rating are a testament to it being one of the greatest world-beaters in existence.</p><p>And with its big growth plan being Google Cloud, a 26% growing business with a $2 trillion addressable market and clear path to profitability, I consider GOOG the safer, less speculative, and smarter investment today.</p><p>Both META and GOOG could make you Buffett-like returns over the next five years, if they grow as expected. But with GOOG I&#39;m a lot more confident that GOOG won&#39;t just meet growth forecasts, but potentially exceed them by a wide margin.</p><p>With META? Well, it&#39;s ride or die with mad king Zuckerberg, and his Ford/Jobs like strategy of &#34;if you build it they will come.&#34; I join with all META shareholders in hoping that king Zuckerberg will spend a lot less than $180 billion on testing his theory and bringing his vision to life.</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>Meta And Alphabet: Both Are Screaming Bargains, But One Is The Smarter Buy</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\">\nMeta And Alphabet: Both Are Screaming Bargains, But One Is The Smarter Buy\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-04 14:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4551990-meta-alphabet-are-bargains-but-one-is-smarter-buy><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryBoth META and GOOG have been crushed in recent weeks, as advertising has slowed along with the economy.META is 57% historically undervalued, trading at just 4.9X cash-adjusted earnings and a ...</p>\n\n<a href=\"https://seekingalpha.com/article/4551990-meta-alphabet-are-bargains-but-one-is-smarter-buy\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"META":"Meta Platforms, Inc.","GOOGL":"谷歌A"},"source_url":"https://seekingalpha.com/article/4551990-meta-alphabet-are-bargains-but-one-is-smarter-buy","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1169878705","content_text":"SummaryBoth META and GOOG have been crushed in recent weeks, as advertising has slowed along with the economy.META is 57% historically undervalued, trading at just 4.9X cash-adjusted earnings and a PEG of 0.32. It could deliver almost 60% annual returns through 2027, if Zuckerberg can deliver the expected growth.Mark Zuckerberg has 55% voting power and is effectively the king of Meta, and no one on earth can stop him from spending $180 billion on the Metaverse.There are currently 100 million VR users, spending $500 billion in the global metaverse. META has 1.6% market share and very few people are embracing Meta's vision. Reality Labs is the most expensive, speculative \"build it and they will come\" bet in history.In contrast, GOOG is a global advertising dynamo with a 26% growing cloud business that's expected to be generating $9 billion in operating profit by 2027, years before Realty Labs MIGHT break even. GOOG is an AA-rated, Ultra SWAN (sleep well at night) blue-chip with 93rd percentile risk management according to S&P. META has the potential for 4X returns in 5 years, but GOOG could nearly triple, and deliver 21% annual returns. Even though META and GOOG are both screaming buys, I consider GOOG the safer, less speculative, and smarter buy right now.I do much more than just articles at The Dividend Kings: Members get access to model portfolios, regular updates, a chat room, and more.At some point, big tech was bound to start missing earnings, having grown too large to be immune from a slowing economy.This earnings season that proved to be the case, with Microsoft (MSFT), Alphabet (NASDAQ:GOOG)(NASDAQ:GOOGL), Meta (NASDAQ:META) and Amazon (AMZN), all disappointing on earnings and/or guidance.The results for the stock prices were ferocious and swift. Here were the peak declines right after missing earnings, including after hours.MSFT: -8% (the next day)GOOG: -9% (the next day)AMZN: -23% (after hours)META: -27% (after-hours)All told $360 billion in market cap were wiped out last week, and the number would have been much larger had it not been for a two week bear market rally driven by technicals including yet another \"Fed pivot\" hopium rally.When some of the world's biggest and best blue chips collapse, it naturally causes many investors to wonder if the investment thesis is broken or if it's a great chance to be \"greedy when others are fearful.\"Several DK members have requested updates on these blue chips so today I want to take a look at META and GOOG to provide the best and most up-to-date fundamentals-focused analysis of each company's prospects.So let's take a look at the good, bad, and ugly for META and GOOG to see why META might possibly be broken, while GOOG can still make you rich.Let's start with META, the most troubled of the FAANG stocks.Meta Platforms: A Potentially Wonderful Company At The Mercy Of A Mad KingYchartsMark Zuckerberg holds the title as the person responsible, at least in large part, for the second greatest decline in investor wealth in history, an impressive $800 billion.META is down 78% off its record highsThis was the second 20%-plus single day crash for Meta,BloombergBack in February, Meta became the first company in history to lose a quarter trillion in value in a single day.This time the decline was about $60 billion owing to Meta having fallen to a $300 billion market cap.Why did Wall Street gut Meta so ferociously?Was it Meta's struggles to grow its global user base?investor presentationNot really. Total users are growing at a slow pace, but still growing and the percent of monthly users who are using Meta's platforms daily remains steady at 79%. What about sales?investor presentationWhile sales are down from last year, that's mostly due to the overall pullback in advertising spend and Q3 revenue was stable compared to Q1 and Q2.What about revenue per family/user?investor presentationThat's been steady for two years now, which isn't great in terms of sales growth. But again, part of that is from the fact that global advertising is struggling right now.Daily ShotSo what caused the market to freak out over META and send shares down as much as 27% in a matter of hours?investor presentationMETA has a big spending problem, almost doubling its growth spending on Reality Labs, its massive 10-year bet on the Metaverse.investor presentationMETA's EPS has been hammered by spending at Reality Labs, and is now expected to decline 34% in 2022 and another 15% in 2023.Why? Partially due to the 2023 recession the bond market now considers a 100% certainty.But also because of this.We do anticipate that Reality Labs operating losses in 2023 will grow significantly year-over-year.Beyond 2023, we expect to pace Reality Labs investments such that we can achieve our goal of growing overall company operating income in the long run.\" - Mark Zuckerberg, Q3 conference call (emphasis added)Last year META lost $10 billion on the Metaverse, and this year it's expected to lose even more. And per its CEO and founder, next year \"significantly more\" still.FactSet Research TerminalBased on Zuckerberg's comments about \"pacing\" spending beyond 2023 analysts expect capex to remain elevated by about 2X compared to before Meta changed its name and went all in on the Metaverse.Mark Zuckerberg: The Mad King Is The Biggest Reason Meta Is A Speculative Blue ChipMark Zuckerberg holds 55% of voting power at META, thanks to his class B shares. Until now, that hasn't been a problem, even though he's been effectively the \"emperor\" of Facebook since the beginning.But now that former COO Sheryl Sandberg, who built the META ad model into a free cash flow minting machine, has left? Well, it appears there's no one with the credibility in META's c-suite to stand up to the mad king and his potentially disastrous $100-plus billion boondoggle.But isn't Zuckerberg a visionary? A mad genius who turned a simple and what many thought was a stupid idea into a formerly $1.1 trillion company?Yes, but there's a fine line between genius and madness and Zuckerberg is potentially on the wrong side of it. Why?StatistaThe potential market for VR in general is about 100 million people today and that's expected to grow to about 130 million by 2027.META is struggling to grow its user base beyond its current 3 billion, because it's largely saturated its addressable market of Internet-0connected people around the world.Zuckerberg has a grand vision of a Meta, controlled Metaverse, a digital world in which we all wear VR goggles and live second lives online.EngadgetMeta's \"significantly higher losses\" in Reality Labs next year is due to launching the Quest Pro, a $1,500 VR headset that costs 5X more than the Quest 2 headset.META's timing on the Metaverse literally came at the worst possible time.the company pivoted to massive spending on new and untested tech that it admits might not make money for 10 years.just as the speculative tech bubble burstand now is launching a $1500 VR headset that costs more than an iPhone during a recessiontoday even Apple is starting to struggle with iPhone salesand the Quest Pro is much less useful or desirable than an iPhoneAnd I'm not the only one skeptical of Meta's giant pivot into a sci-fi future.FactSet Research TerminalReality Labs revenue was about $721 million in 2021 and growing at 9% annually in recent years.not exactly a thrilling level of growthThat grow rate isn't expected to improve until 2025, and even by 2027, when Metaverse revenue is expected to double, it's expected to total $2.8 billion, just over 1% of the company's sales.All while generating $20.3 billion in operating losses, by 2025.Reality Labs was founded in 2021, when Meta changed its name and its mission.$79.5 billion in cumulative operating losses through 2025with no signs of declining annual losses, much less profitsZuckerberg is either crazy or a genius, and so far all the evidence points to crazy.Potentially $180 to $200 billion in Metaverse losses by 2030 if they keep burning $20 billion after 2025But what if Zuckerberg is a Steve Jobs style genius? Jobs famously said that you often can't ask customers what they want in a product, because true innovation is so revolutionary they don't know they want it.If Ihadaskedpeople what they wanted, they would have said faster horses.” - Henry FordHow many people were excited about the iPod when it was introduced in 2001? It was just a better, sleeker, and cooler MP3 player. And yet it transformed Apple into a cash flow machine.And then gave Steve Jobs the credibility and \"reality distortion field\" to change the world with the iPhone.In other words, truly revolutionary change requires a \"build it and they will come\" mindset. At least that's how Mark Zuckerberg is spinning his $200 billion bet.The difference between Zuckerberg and Henry Ford and Steve Jobs is that neither of them risked even a fraction of the money Zuckerberg is planning on.For what's objectively a very speculative bet.For every 10 mad geniuses trying to change the world with their inventions, nine of them fail. And none of them have ever had the resources or power of Mark Zuckerberg, the mad king of Facebook.It Wasn't All BadOur positive takeaways from Meta’s results were that the network effect remains intact given the firm’s encouraging user count and engagement metrics, which we think position Meta to accelerate revenue growth in late 2023, with the assumption that macro uncertainty eases.In addition, Reels is creating incremental engagement time per user and has also displayed early signs of high monetization potential. Plus, the firm continues to invest in enhancing its ad measurement capabilities while adding new advertising options for businesses, which we think will further drive a turnaround.\" - MorningstarMETA has been very badly hurt by Apple's change in private policy, which automatically blocks data tracking unless users specifically opt-in. Just 25% of iOS users have opted in and that number appears to be stable but not improving.StatistaiPhone has 55% market share in the US, the most lucrative digital ad market in the world. This means that with this single privacy policy change, social media companies saw their user data collapse by 42% and it might never be coming back.META, GOOG, and AMZN are the three giants of digital advertising, and each one is hurt to a different degree by this privacy policy change.META most of allGOOG less so because it has alternative data sources (more than 7 services with over 1 billion global users)AMZN least of all because its ad-algos are mostly running on its own proprietary dataFactSet Research TerminalMeta'suser baseis expected to grow slowly over time, but the 58 analysts that cover META (more than any other company on Wall Street) don't believe the Social Media king is dying.Average revenue per user is also expected to recover once the recession is over, though grow by just a modest 15% by 2025.Andfree cash flow, which has been cut in half in the last 12 months, is expected to nearly triple to $43 billion by 2027.And thanks to a much lower market cap,Meta's consensus buybacks of $93 billion from 2023 to 2027could buy back a lot of stock.34% of shares at current valuationsup to 10% of shares each yearAnd what about Meta's growth prospects after it gets past the 2023 recession and this painful pivot to the Metaverse?Investment StrategyYieldLT Consensus GrowthLT Consensus Total Return PotentialLong-Term Risk-Adjusted Expected ReturnLong-Term Inflation And Risk-Adjusted Expected ReturnsYears To Double Your Inflation & Risk-Adjusted Wealth10-Year Inflation And Risk-Adjusted Expected ReturnMeta Platforms0%15.3%15.3%10.7%8.4%8.52.25Nasdaq0.8%11.5%12.3%8.6%6.3%11.41.85Schwab US Dividend Equity ETF3.6%8.5%12.1%8.4%6.2%11.71.82Dividend Aristocrats2.6%8.5%11.1%7.8%5.5%13.11.71Alphabet0.0%11.1%11.1%7.8%5.5%13.11.71S&P 5001.8%8.5%10.3%7.2%4.9%14.61.62(Sources: DK Research Terminal, FactSet, Ycharts, Morningstar)Analysts remain bullish on META, far more so than Alphabet in fact, expecting META to potentially deliver 15.3% long-term returns while GOOG is expected to match the aristocrats and modestly beat the S&P over time.And that doesn't include valuation, and there's no question that at 4.9X cash adjusted trough 2023 earnings, META is trading at a fire sale price.Meta Is A Screaming Buy... If You Trust Zuckerberg's VisionMetricHistorical Fair Value Multiples (8-Years)2021202220232024202512-Month Forward Fair ValueEarnings26.84$369.59$224.38$224.38$286.92$364.22Average$369.59$224.38$224.38$286.92$364.22$224.38Current Price$94.82Discount To Fair Value74.34%57.74%57.74%66.95%73.97%57.74%Upside To Fair Value289.78%136.64%136.64%202.59%284.12%136.64%2022 EPS2023 EPS2022 Weighted EPS2023 Weighted EPS12-Month Forward EPS12-Month Average Fair Value Forward PECurrent Forward PECurrent Forward Cash-Adjusted PE$8.36$8.36$1.13$7.23$8.3626.811.34.9IF META does grow at 15% over time, then historically it's worth about 27X earnings and today it trades at 11.3, and just 4.9X cash-adjusted earnings.a bargain by even private equity standardsIts PEG ratio is 0.32, hyper-growth (potentially) at an absurdly wonderful price.Meta 2024 Consensus Total Return Potential(Source: FAST Graphs, FactSet)If META can grow as expected and return to market-determined fair value consistent with its expected growth rate, then within two years it could nearly triple, delivering 63% annual returns.about 6X more than the S&P 500Meta 2027 Consensus Total Return Potential(Source: FAST Graphs, FactSet)META has Amazon like return potential over the next five year, IF the turnaround is successful.326% consensus return potential through 202732% CAGRabout 7X more than the S&P 500Meta Investment Decision ToolDK(Source: Dividend Kings Automated Investment Decision Tool)(Source: Dividend Kings Automated Investment Decision Tool)META is as close to a perfectspeculativehyper-growth blue-chip opportunity as exists on Wall Street for anyone comfortable with its risk profile. Look at how it compares to the S&P 500.57% discount to fair value vs. 2% S&P = 55% better valuationalmost 50% better long-term annual return potentialabout 4X higher risk-adjusted expected returnsAlphabet: One Of The World's Best Growth Blue-Chips Is Doing Just FineBottom line up front, GOOG is a far safer and better run company than Meta.CompanyMeta PlatformsAlphabetMETA WinsGOOG WinsLT Growth Consensus15.3%11.1%1Total Return Potential15.3%11.1%1LT Risk-Adjusted Expected Return10.7%7.7%1Inflation & Risk-Adjusted Expected Return8.4%5.5%1Years To Double8.513.01Historical Total Return11.6%19.8%112-Month Consensus Total Return Potential68%40%112-Month Fundamentally Justified Total Return Potential137%47%15-Year Consensus Return Potential29% to 45%19% to 21%1Discount To Fair Value57%32%1Cash-Adjusted PE4.99.71DK RatingUltra Value BuyVery Strong Buy1Dividend King's Automatic Investment Decision Score100% A+ Excellent100% A+ Excellent11Quality Score84%97%1Safety Score100%100%11Dependability Score67%94%1S&P LT Risk Management Global Percentile63% Above-Average, Low Risk93% Exceptional (Very Low Risk)1Credit RatingAA- StableAA+ Stable130-Year Bankruptcy Risk0.55%0.29%1Return On Capital (12-Months)46%68%1Return On Capital Industry Percentile60%64%1Return On Capital (13-Year Median)95%74%1Return On Capital (5-Year trend)-16%-1.0%1Sum1411(Source: DK Zen Research Terminal)Meta is the better value, BUT only if you are comfortable with its speculative nature and risk profile.Mad king Mark is running the show and if he wants to run it straight into the ground you have no say in the matter.META's AA-stable credit rating is excellent, but GOOG's AA+ stable rating is slightly better, with just 0.29% 30-year bankruptcy risk according to S&P.META's 68th S&P long-term risk management percentile is above-average bordering on good, indicating low risk.But GOOG's 93rd percentile risk management is exceptional, indicating a very low risk, and you don't have to worry about a CEO king who for now looks to have lost his mind.GOOG's historical profitability is superior to META's, and its wide moat has been far more stable in recent years.Daily ShotAnd YouTube, the crown jewel in GOOG's social media crown, is far more popular with young people than Facebook or Instagram.FactSet Research TerminalAnd unlike META, which is 100% reliant on advertising, GOOG is a far more diversified company.its #4 in Cloud ComputingGOOG's \"other bets\" it's moonshot programs, are expected to have $2.8 billion in sales in 2027, just like Reality Labs. The only difference is that GOOG spends about $3.2 billion annually on other bets, and that part of the GOOG empire could be worth$50 billion.Or to put it another way, META is spending 4X as much money on Reality Labs as GOOG is on Other Bets, and GOOG plans to cut back on that spending in the next year. META plans to increase its spending by about 20%.GOOG has so far lost $27 billion on Other Bets, searching for its next world-beater business. META plans to potentially lose $200 billion or 8X as much, on Reality Labs, and for a business model that so far only 100 million people say they are interested in using.100 million global VR users, not META VR usersDaily ShotGOOG Cloud is a fast growing business. It's not yet profitable but is expected to become profitable in 2025, a year when META is expected to lose over $20 billion on Reality Labs.By 2027 analysts expect Google Cloud to be generating $76 billion in sales (vs $2.8 billion for Reality Labs) and converting that into $9.3 billion in operating income.In other words, Google Cloud is a 26% CAGR growing business that's expected to be minting money far faster than Reality Labs, assuming the Metaverse ever achieves profitability for META.IOT AnalyticsAnd unlike the Metaverse which is expected to have 130 million users (maybe) by 2027, cloud computing is a proven industry, growing at 15% per year and which could become a $2 trillion to $10 trillion industry by 2030.The global Metaverse revenue opportunity could approach $800 billion in 2024 vs. about $500 billion in 2020, based on our analysis and Newzoo, IDC, PWC, Statista and Two Circles data. The primary market for online game makers and gaming hardware may exceed $400 billion in 2024 while opportunities in live entertainment and social media make up the remainder.\" -BloombergNow in fairness to Mr. Zuckerberg and fans of the Metaverse, the Metaverse is already a $500 billion global market. But that's 80% gaming which META is getting only a small handful off.META's market share in the Metaverse is currently 1.6%In other words, with Alphabet the big growth driver is a 26% growing business in a bigger and proven model.GOOG's ability to generate meaningful cash flow from cloud is not speculative, just look at how AWS and Azure are minting money for AMZN and MSFT.And speaking of cash flow.FactSet Research TerminalWhile META's FCF is expected to get cut in half to $16 billion in 2022, GOOG's is expected to remain stable at $68 billion.In 2027 META is expected to generate a solid $43 billion in FCF. But GOOG is expected to generate $159 billion, the most in human corporate history.2027 FCF Consensus Forecasts:GOOG: $159 billionAAPL: $155 billionAMZN: $137 billionMSFT: $101 billionMETA: $43 billionAnd while META is expected to buy back a very healthy $93 billion in stock in the coming years, GOOG is expected to spend $365 billion between 2023 and 2027.In fact, in 2027 alone GOOG's consensus buybacks of $92 billion is as much as analysts expect META to spend over the next four years combined.Alphabet Valuation: Potentially A Very Strong Buy And Close To An Ultra Value BuyAlphabet reported disappointing third-quarter results as revenue growth decelerated further, driven by the stronger dollar and economic uncertainty, which is increasing hesitancy in ad spending. Assuming less uncertainty in the macroeconomic environment, plus the monetization of YouTube Shorts, we expect advertising revenue growth to return to double-digit levels in 2023. Unlike advertising, the cloud business maintained impressive growth.\" - MorningstarGOOG's 9% plunge post-earnings was purely for cyclical reasons, nothing to do with its core business. Advertisers are pulling back due to the slowing economy and coming recession.Nothing about GOOG's fundamental core business is broken, unlike META which has chosen to make a $200 billion speculative pivot.GOOG is not a turnaround story (20% or less max risk cap rec)META is a turnaround story (2.5% or less max risk cap rec)YouTube Shorts has already reached 1.5 billion monthly active viewers, reducing fears that Tok-Tok is hurting the business. With the strong network effect present on YouTube, the strength of Google search, and the firm’s ad-tech powered measuring capabilities, Google’s ad revenue miss wasn’t significantly due to Apple privacy changes either.\" - MorningstarWhile META is struggling to compete with Tok-Tok (and losing for now), GOOG's YouTube is holding its own.And while META's user data feed was gutted by Apple's privacy change, GOOG was barely affected at all.GMAIL has almost 2 billion global users4.3 billion people use Google SearchGOOG has over seven services with over 1 billion users.This is how GOOG is able to replace that user data that META can't.And the more Google Cloud grows, the more data of all kinds it will have to improve its algorithms even faster.META has no plans for cloud computing, and no way to increase its user data feed, unless everyone buys into its Metaverse vision.the most passionate Metaverse advocates hate META with a passionthey view Zuckerberg's vision as a \"Ready Player One\" style dystopiaSo with GOOG you have a more diversified and better run business, with far better long-term risk-management according to S&P.You have a clear path to growth and far less execution risk than what META faces.And most of all, you don't have a single person who reigns over the company as a potentially mad god king who no one can stop from running into the ground, which is the largest risk to META today.Alphabet: A Wonderful Company At A Wonderful PriceMetricHistorical Fair Value Multiples (all years)2021202220232024202512-Month Forward Fair ValueEarnings25.79$144.68$122.76$138.75$163.25$196.26Average$144.68$122.76$138.75$163.25$196.26$136.60Current Price$92.11Discount To Fair Value36.34%24.97%33.61%43.58%53.07%32.57%Upside To Fair Value57.08%33.28%50.64%77.23%113.07%48.30%2022 EPS2023 EPS2022 Weighted EPS2023 Weighted EPS12-Month Forward PE12-Month Average Fair Value Forward PECurrent Forward PECurrent Forward Cash-Adjusted PE$4.76$5.38$0.64$4.66$5.3025.817.49.8GOOG has historically been valued by billions of investors at about 26X earnings, even when it was growing at 4%.Thus I'm confident that GOOG growing at 11% (those estimates might increase post-recession) is still worth about 26X earnings.Today GOOG trades at 17.4X earnings, but just 9.8X cash-adjusted earnings.a PEG of 0.88growth at a reasonable price, and in an AA-rated Ultra-SWAN quality 93rd percentile risk management packageAlphabet 2024 Consensus Total Return Potential(Source: FAST Graphs, FactSet Research)If GOOG grows as expected and returns to historical fair value, it could deliver 73% returns, or 29% CAGR.more than 2X greater than the S&P 500Alphabet 2027 Consensus Total Return Potential(Source: FAST Graphs, FactSet Research)If GOOG grows as expected through 2027 it could deliver 165% total returns, or 21% CAGR.Buffett-like returns from a blue-chip bargain hiding in plain sightabout 2.5X more than the S&P 50019% to 21% CAGR consensus return potential rangeGOOG Corp Investment Decision ToolDK(Source: Dividend Kings Automated Investment Decision Tool)GOOG is as close to a perfect growth blue-chip opportunity as exists on Wall Street for anyone comfortable with its risk profile. Look at how it compares to the S&P 500.32% discount to fair value vs. 2% S&P = 30% better valuation10% better long-term annual return potential (but with far better safety, quality, and risk-management)about 2X higher risk-adjusted expected returnsBottom Line: Both META And Alphabet Are Screaming Bargains But The Mad King Zuckerberg Makes GOOG The Smarter, Safer, And Less Speculative Buy TodayMETA has become cheap for a good reason, the speculative turnaround plan that CEO/King Zuckerberg has doubled down on.I'm personally skeptical that Reality Labs will pay off big, and expect that META will pivot and significantly reduce its spending plans on the Metaverse.That's why I still own the stock, though just a 1% position (2.5% OR LESS is the max recommended position size).In contrast, GOOG, while not as undervalued, is also a higher-quality, more diversified, and stronger company in terms of balance sheet and free cash flow generation.It's 93rd percentile risk management and AA+ stable credit rating are a testament to it being one of the greatest world-beaters in existence.And with its big growth plan being Google Cloud, a 26% growing business with a $2 trillion addressable market and clear path to profitability, I consider GOOG the safer, less speculative, and smarter investment today.Both META and GOOG could make you Buffett-like returns over the next five years, if they grow as expected. But with GOOG I'm a lot more confident that GOOG won't just meet growth forecasts, but potentially exceed them by a wide margin.With META? Well, it's ride or die with mad king Zuckerberg, and his Ford/Jobs like strategy of \"if you build it they will come.\" I join with all META shareholders in hoping that king Zuckerberg will spend a lot less than $180 billion on testing his theory and bringing his vision to life.","news_type":1},"isVote":1,"tweetType":1,"viewCount":644,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9988404052,"gmtCreate":1666801036077,"gmtModify":1676537808613,"author":{"id":"4127309136508732","authorId":"4127309136508732","name":"cky92","avatar":"https://community-static.tradeup.com/news/30bf8de6f8868dfb35bef0e86df9a12b","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4127309136508732","authorIdStr":"4127309136508732"},"themes":[],"htmlText":"Yeah","listText":"Yeah","text":"Yeah","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9988404052","repostId":"2278956774","repostType":4,"repost":{"id":"2278956774","pubTimestamp":1666798201,"share":"https://ttm.financial/m/news/2278956774?lang=&edition=fundamental","pubTime":"2022-10-26 23:30","market":"us","language":"en","title":"3 Big-Time Passive Income Stocks to Consider Loading Up On During the Bear Market","url":"https://stock-news.laohu8.com/highlight/detail?id=2278956774","media":"Motley Fool","summary":"These companies offer big-time dividend yields.","content":"<html><head></head><body><p>Bear markets can be an opportunity for those with cash sitting on the sidelines. With stock prices falling more than 20%, dividend yields are surging. And that means you can earn more passive income from money invested amid a bear market.</p><p>Three high-quality companies currently offering big-time dividend yields because of the bear market are <b>Verizon</b>, <b>Intel</b>, and <b>Walgreen Boots Alliance</b>. Here&#39;s why passive-income seekers should consider loading up on these big-time dividend stocks.</p><h2>A cash flow machine</h2><p>Shares of telecom giant Verizon have tumbled nearly 35% from their recent high. That slump has pushed Verizon&#39;s dividend yield up over 7%.</p><p>Verizon has an excellent dividend track record. Last month the company increased its quarterly dividend payment by another 2%. That marked the company&#39;s 16th straight year of increasing its dividend, the longest in the telecom industry.</p><p>The company generates plenty of cash to cover its big-time payout. Verizon&#39;s business generated $28.2 billion of cash from operations during the first nine months of 2022, more than covering the $15.8 billion it invested in maintaining and expanding its network. That left it with $12.4 billion of free cash flow, allowing it to fund its $8.1 billion dividend outlay and strengthen its solid balance sheet. The company expects its network investments to drive future growth, which should enable it to continue increasing its dividend.</p><h2>Multiple funding sources put the dividend on a solid foundation</h2><p>Shares of semiconductor giant Intel have plummeted more than 50% this year. That has pushed Intel&#39;s dividend yield up over 5%.</p><p>Intel&#39;s expansion plans have weighed on its share price. The company plans to invest $23 billion in capital projects, including constructing several chip manufacturing plants. The company expects its adjusted free cash flow to fall in a range of negative-$1 billion to $2-billion this year as a result. Some investors are therefore concerned that Intel can&#39;t afford its dividend, which totaled nearly $3 billion during the first half of this year.</p><p>However, Intel has an A-rated balance sheet with $27 billion of cash at the end of the first quarter. It also expects to raise additional money by completing an initial public offering of its Mobileye unit. Meanwhile, the company secured <b>Brookfield Infrastructure</b> as a funding partner for two manufacturing plants. Brookfield will finance 49% of the up to $30 billion needed to build those facilities. Because of these factors, Intel believes it can maintain and continue growing its dividend during this expansion phase.</p><h2>The transformation is on track</h2><p>Walgreens Boots Alliance has lost more than 35% of its value this year, and its dividend yield has risen above 5.5%. That&#39;s a very attractive payout for a company with Walgreens&#39; dividend track record.</p><p>The consumer-centric healthcare company increased its payout for the 47th straight year. That easily qualifies it as a Dividend Aristocrat and puts it a few years shy of the even more elite class of Dividend Kings.</p><p>Walgreens is currently transforming from a pharmacy retailer to a consumer-centric healthcare company. It sees its investments in that strategy driving accelerating core growth in 2023. Meanwhile, it expects its earnings per share to build toward a low-teens annual growth rate in its 2025 fiscal year and beyond. That forecast suggests Walgreens should have no problem continuing to grow its big-time payout in the future.</p><h2>Boost your passive income with these bear market sales</h2><p>Stock prices are tumbling as investors price in the near-term possibility of an economic downturn. While a recession will affect some companies&#39; ability to finance their growth and dividend payments, it won&#39;t affect Verizon, Intel, and Walgreens since they generate lots of cash and have solid balance sheets. They should be able to continue growing their dividends in the coming years. With their stock prices lower and dividend yields higher, they look like attractive options for those looking to take advantage of the bear market to boost their passive income.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Big-Time Passive Income Stocks to Consider Loading Up On During the Bear Market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Big-Time Passive Income Stocks to Consider Loading Up On During the Bear Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-26 23:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/10/26/3-big-time-passive-income-stocks-to-consider-loadi/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bear markets can be an opportunity for those with cash sitting on the sidelines. With stock prices falling more than 20%, dividend yields are surging. And that means you can earn more passive income ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/10/26/3-big-time-passive-income-stocks-to-consider-loadi/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"VZ":"威瑞森","WBA":"沃尔格林联合博姿","INTC":"英特尔"},"source_url":"https://www.fool.com/investing/2022/10/26/3-big-time-passive-income-stocks-to-consider-loadi/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2278956774","content_text":"Bear markets can be an opportunity for those with cash sitting on the sidelines. With stock prices falling more than 20%, dividend yields are surging. And that means you can earn more passive income from money invested amid a bear market.Three high-quality companies currently offering big-time dividend yields because of the bear market are Verizon, Intel, and Walgreen Boots Alliance. Here's why passive-income seekers should consider loading up on these big-time dividend stocks.A cash flow machineShares of telecom giant Verizon have tumbled nearly 35% from their recent high. That slump has pushed Verizon's dividend yield up over 7%.Verizon has an excellent dividend track record. Last month the company increased its quarterly dividend payment by another 2%. That marked the company's 16th straight year of increasing its dividend, the longest in the telecom industry.The company generates plenty of cash to cover its big-time payout. Verizon's business generated $28.2 billion of cash from operations during the first nine months of 2022, more than covering the $15.8 billion it invested in maintaining and expanding its network. That left it with $12.4 billion of free cash flow, allowing it to fund its $8.1 billion dividend outlay and strengthen its solid balance sheet. The company expects its network investments to drive future growth, which should enable it to continue increasing its dividend.Multiple funding sources put the dividend on a solid foundationShares of semiconductor giant Intel have plummeted more than 50% this year. That has pushed Intel's dividend yield up over 5%.Intel's expansion plans have weighed on its share price. The company plans to invest $23 billion in capital projects, including constructing several chip manufacturing plants. The company expects its adjusted free cash flow to fall in a range of negative-$1 billion to $2-billion this year as a result. Some investors are therefore concerned that Intel can't afford its dividend, which totaled nearly $3 billion during the first half of this year.However, Intel has an A-rated balance sheet with $27 billion of cash at the end of the first quarter. It also expects to raise additional money by completing an initial public offering of its Mobileye unit. Meanwhile, the company secured Brookfield Infrastructure as a funding partner for two manufacturing plants. Brookfield will finance 49% of the up to $30 billion needed to build those facilities. Because of these factors, Intel believes it can maintain and continue growing its dividend during this expansion phase.The transformation is on trackWalgreens Boots Alliance has lost more than 35% of its value this year, and its dividend yield has risen above 5.5%. That's a very attractive payout for a company with Walgreens' dividend track record.The consumer-centric healthcare company increased its payout for the 47th straight year. That easily qualifies it as a Dividend Aristocrat and puts it a few years shy of the even more elite class of Dividend Kings.Walgreens is currently transforming from a pharmacy retailer to a consumer-centric healthcare company. It sees its investments in that strategy driving accelerating core growth in 2023. Meanwhile, it expects its earnings per share to build toward a low-teens annual growth rate in its 2025 fiscal year and beyond. That forecast suggests Walgreens should have no problem continuing to grow its big-time payout in the future.Boost your passive income with these bear market salesStock prices are tumbling as investors price in the near-term possibility of an economic downturn. While a recession will affect some companies' ability to finance their growth and dividend payments, it won't affect Verizon, Intel, and Walgreens since they generate lots of cash and have solid balance sheets. They should be able to continue growing their dividends in the coming years. With their stock prices lower and dividend yields higher, they look like attractive options for those looking to take advantage of the bear market to boost their passive income.","news_type":1},"isVote":1,"tweetType":1,"viewCount":264,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9989614668,"gmtCreate":1665987042954,"gmtModify":1676537688168,"author":{"id":"4127309136508732","authorId":"4127309136508732","name":"cky92","avatar":"https://community-static.tradeup.com/news/30bf8de6f8868dfb35bef0e86df9a12b","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4127309136508732","authorIdStr":"4127309136508732"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9989614668","repostId":"1140313568","repostType":2,"repost":{"id":"1140313568","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":1,"media_name":"Dow Jones","id":"1012688067","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1665978652,"share":"https://ttm.financial/m/news/1140313568?lang=&edition=fundamental","pubTime":"2022-10-17 11:50","market":"us","language":"en","title":"Value Stocks Have Outperformed Growth Stocks, And Now They’re Even Better Bets","url":"https://stock-news.laohu8.com/highlight/detail?id=1140313568","media":"Dow Jones","summary":"Value stocks have broken a correlation with inflation expectations, suggesting they have staying pow","content":"<html><head></head><body><p>Value stocks have broken a correlation with inflation expectations, suggesting they have staying power.</p><p>Value stocks over the past two months have become even more compelling investments.</p><p>Value stocks significantly outperformed growth stocks in the past century, though there have been long stretches that reversed the trend, including the last decade. Growth’s outperformance in recent years means value stocks are now relatively cheaper than at any other time in U.S. history. (Value stocks can be defined as having low prices relative to their net worth. For growth stocks, it’s the opposite.)</p><p>Many advisers argued that cheap valuations alone made value stocks compelling bets to once again outperform growth. But they still had to battle the widespread Wall Street narrative that value tends to beat growth only in rising-inflation environments. While this narrative supported the value-stock thesis last year and this year, it made value stocks’ relative strength vulnerable to any decline in inflation expectations.</p><p><img src=\"https://static.tigerbbs.com/cd917e3224b565dcdd08c396f87d6a1e\" tg-width=\"700\" tg-height=\"471\" width=\"100%\" height=\"auto\"/>This narrative started to break down in mid-August, however, as you can see from the accompanying chart, above. Notice how, in the months prior to then, value stocks’ relative strength over growth tended to rise and fall in a close correlation with the 10-year breakeven inflation rate. This stopped being the case two months ago. Even as the 10-year breakeven inflation rate has trended strongly downward, value stocks’ relative strength has trended strongly upward.</p><p>What happened? My hunch is that an increasing number of investors on Wall Street came to realize that there is no good theoretical reason to expect value stocks’ relative strength to be correlated with inflation. (I devoted a column earlier this year to this absence of a good theoretical foundation, and I refer you to it for a fuller discussion.)</p><p>Wall Street’s newfound realization may have come just in time to rescue value stocks from declining inflation expectations. Though high inflation is proving less transitory than many, including the Federal Reserve, initially thought, most believe that inflation will be slowing soon. The consensus of “America’s top business economists,” as polled by Wolters Kluwer’s Blue Chip Economic Indicators, is that the Consumer Price Index will be 3.9% in 2023.</p><p>The easiest way to place a diversified bet on value stocks’ relative strength is with exchange traded funds. One with the lowest expenses is the Vanguard S&amp;P 500 Value ETF VOOV, with an expense ratio of 0.10%.</p><h3>Highly regarded value stocks</h3><p>If you want to bet on individual value securities, the following table lists value stocks that are recommended by at least three of the top-performing newsletters my firm monitors. To qualify for this table, their price-to-book and price-to-earnings (P/E) ratios had to be lower than those of the S&amp;P 500 SPX, and their dividend yields had to be higher. (The ratios and yields in the table are from FactSet.)</p><p><img src=\"https://static.tigerbbs.com/62362e49ecaff2bb62ab6245a8f98ffc\" tg-width=\"879\" tg-height=\"592\" width=\"100%\" height=\"auto\"/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Value Stocks Have Outperformed Growth Stocks, And Now They’re Even Better Bets</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\">\nValue Stocks Have Outperformed Growth Stocks, And Now They’re Even Better Bets\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1012688067\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-10-17 11:50</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Value stocks have broken a correlation with inflation expectations, suggesting they have staying power.</p><p>Value stocks over the past two months have become even more compelling investments.</p><p>Value stocks significantly outperformed growth stocks in the past century, though there have been long stretches that reversed the trend, including the last decade. Growth’s outperformance in recent years means value stocks are now relatively cheaper than at any other time in U.S. history. (Value stocks can be defined as having low prices relative to their net worth. For growth stocks, it’s the opposite.)</p><p>Many advisers argued that cheap valuations alone made value stocks compelling bets to once again outperform growth. But they still had to battle the widespread Wall Street narrative that value tends to beat growth only in rising-inflation environments. While this narrative supported the value-stock thesis last year and this year, it made value stocks’ relative strength vulnerable to any decline in inflation expectations.</p><p><img src=\"https://static.tigerbbs.com/cd917e3224b565dcdd08c396f87d6a1e\" tg-width=\"700\" tg-height=\"471\" width=\"100%\" height=\"auto\"/>This narrative started to break down in mid-August, however, as you can see from the accompanying chart, above. Notice how, in the months prior to then, value stocks’ relative strength over growth tended to rise and fall in a close correlation with the 10-year breakeven inflation rate. This stopped being the case two months ago. Even as the 10-year breakeven inflation rate has trended strongly downward, value stocks’ relative strength has trended strongly upward.</p><p>What happened? My hunch is that an increasing number of investors on Wall Street came to realize that there is no good theoretical reason to expect value stocks’ relative strength to be correlated with inflation. (I devoted a column earlier this year to this absence of a good theoretical foundation, and I refer you to it for a fuller discussion.)</p><p>Wall Street’s newfound realization may have come just in time to rescue value stocks from declining inflation expectations. Though high inflation is proving less transitory than many, including the Federal Reserve, initially thought, most believe that inflation will be slowing soon. The consensus of “America’s top business economists,” as polled by Wolters Kluwer’s Blue Chip Economic Indicators, is that the Consumer Price Index will be 3.9% in 2023.</p><p>The easiest way to place a diversified bet on value stocks’ relative strength is with exchange traded funds. One with the lowest expenses is the Vanguard S&amp;P 500 Value ETF VOOV, with an expense ratio of 0.10%.</p><h3>Highly regarded value stocks</h3><p>If you want to bet on individual value securities, the following table lists value stocks that are recommended by at least three of the top-performing newsletters my firm monitors. To qualify for this table, their price-to-book and price-to-earnings (P/E) ratios had to be lower than those of the S&amp;P 500 SPX, and their dividend yields had to be higher. (The ratios and yields in the table are from FactSet.)</p><p><img src=\"https://static.tigerbbs.com/62362e49ecaff2bb62ab6245a8f98ffc\" tg-width=\"879\" tg-height=\"592\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CMCSA":"康卡斯特","CVS":"西维斯健康","FDX":"联邦快递"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140313568","content_text":"Value stocks have broken a correlation with inflation expectations, suggesting they have staying power.Value stocks over the past two months have become even more compelling investments.Value stocks significantly outperformed growth stocks in the past century, though there have been long stretches that reversed the trend, including the last decade. Growth’s outperformance in recent years means value stocks are now relatively cheaper than at any other time in U.S. history. (Value stocks can be defined as having low prices relative to their net worth. For growth stocks, it’s the opposite.)Many advisers argued that cheap valuations alone made value stocks compelling bets to once again outperform growth. But they still had to battle the widespread Wall Street narrative that value tends to beat growth only in rising-inflation environments. While this narrative supported the value-stock thesis last year and this year, it made value stocks’ relative strength vulnerable to any decline in inflation expectations.This narrative started to break down in mid-August, however, as you can see from the accompanying chart, above. Notice how, in the months prior to then, value stocks’ relative strength over growth tended to rise and fall in a close correlation with the 10-year breakeven inflation rate. This stopped being the case two months ago. Even as the 10-year breakeven inflation rate has trended strongly downward, value stocks’ relative strength has trended strongly upward.What happened? My hunch is that an increasing number of investors on Wall Street came to realize that there is no good theoretical reason to expect value stocks’ relative strength to be correlated with inflation. (I devoted a column earlier this year to this absence of a good theoretical foundation, and I refer you to it for a fuller discussion.)Wall Street’s newfound realization may have come just in time to rescue value stocks from declining inflation expectations. Though high inflation is proving less transitory than many, including the Federal Reserve, initially thought, most believe that inflation will be slowing soon. The consensus of “America’s top business economists,” as polled by Wolters Kluwer’s Blue Chip Economic Indicators, is that the Consumer Price Index will be 3.9% in 2023.The easiest way to place a diversified bet on value stocks’ relative strength is with exchange traded funds. One with the lowest expenses is the Vanguard S&P 500 Value ETF VOOV, with an expense ratio of 0.10%.Highly regarded value stocksIf you want to bet on individual value securities, the following table lists value stocks that are recommended by at least three of the top-performing newsletters my firm monitors. To qualify for this table, their price-to-book and price-to-earnings (P/E) ratios had to be lower than those of the S&P 500 SPX, and their dividend yields had to be higher. (The ratios and yields in the table are from FactSet.)","news_type":1},"isVote":1,"tweetType":1,"viewCount":248,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9980724185,"gmtCreate":1665822083948,"gmtModify":1676537669797,"author":{"id":"4127309136508732","authorId":"4127309136508732","name":"cky92","avatar":"https://community-static.tradeup.com/news/30bf8de6f8868dfb35bef0e86df9a12b","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4127309136508732","authorIdStr":"4127309136508732"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9980724185","repostId":"2275959422","repostType":2,"repost":{"id":"2275959422","pubTimestamp":1665799324,"share":"https://ttm.financial/m/news/2275959422?lang=&edition=fundamental","pubTime":"2022-10-15 10:02","market":"us","language":"en","title":"Netflix's New Ad Tier Gets Mixed Reactions. Now the Focus Is on Earnings","url":"https://stock-news.laohu8.com/highlight/detail?id=2275959422","media":"Barron's","summary":"Netflix is getting a generally bullish reaction from Wall Street analysts to its new advertising str","content":"<html><head></head><body><p>Netflix is getting a generally bullish reaction from Wall Street analysts to its new advertising strategy. Bulls see the addition of an ad-supported subscription tier boosting revenue, although skeptics think the specifics of the new plan will make it unappealing to most viewers.</p><p>Before we get into the details of the debate, let&#39;s take a minute to consider what a breathtaking change of direction this is for the world&#39;s leading subscription-based video-streaming service.</p><p>While analysts and investors pressed Netflix (ticker: NFLX) CEO Reed Hastings for years on the company&#39;s choice not to sell advertising, he emphatically made the case that both viewers and the business were better off with a pure subscription model. Ads were likely to make the Netflix experience worse. he argued.</p><p>In early 2020, just before the pandemic, Hastings was asked for the umpteenth time about why Netflix wasn&#39;t selling ads. He said it would be difficult for the company to compete in the market for digital advertising with Google, Facebook and Amazon.com.</p><p>To create a $5 billion or $10 billion ad business, Netflix would have to &#34;rip that away&#34; from the other platforms, he said, arguing that making money in advertising over the long term would be a battle.</p><p>&#34;We&#39;ve got a much simpler business model which is just focused on streaming and customer pleasure,&#34; Hastings said. &#34;We think with our model that we will actually get to a larger revenue, a larger profit, larger market cap, because we don&#39;t have the exposure to something that we&#39;re strategically disadvantaged at, which is online advertising against those big three.&#34;</p><p>Well, of course, that was then, and this is now.</p><p>Netflix&#39;s subscriber numbers soared during the pandemic, but they have since come back to Earth. Subscribership fell during both of the past two quarters. The March quarter numbers were so shockingly bad -- the company lost 200,000 subscribers after projecting 2.5 million net additions -- that Hastings said on the earnings call that Netflix was considering adding ad-supported service, but that it would be phased in over several years.</p><p>As it turned out, it took just six months for the company to dream up an advertising strategy. The company will offer the new &#34;Basic with Ads&#34; subscription tier to U.S. customers starting Nov. 3 at $6.99 a month, three bucks below the current bare-bones Basic plan. Netflix said it would include 4 to 5 minutes an hour of 15- and 30-seconds ads, both before and during movies and television programs.</p><p>Subscribers to the plan will be limited to a single device at a time and won&#39;t be able to download shows for offline viewing. For licensing reasons, some unspecified content won&#39;t be available on the advertising tier.</p><p>Wall Street is generally supportive of the Netflix strategy, and likewise thinks that the company&#39;s third-quarter earnings report, due on Tuesday, should show some improvement from the June quarter. For the quarter, Netflix has projected revenue of $7.84 billion, up 4.7% from a year ago, with profits of $2.14 a share.</p><p>The company expects to add one million net new subscribers in the quarter, which would boost the total to 221.7 million. While Wall Street&#39;s consensus estimates are in line with management&#39;s guidance on both revenue and profits, analysts expect 1.1 million net new subscribers as the addition of 1.8 million international accounts is offset by a loss of about 700,000 in the U.S.</p><p>UBS analyst John Hodulik on Friday lifted his target price on Netflix shares to $250, from $198, but kept his Neutral rating on the stock. He has some doubts about demand for the ad-based service.</p><p>While he says the ad-supported tier will add to both revenue and profitability -- he sees an eventual 10% boost to revenue -- that will take some time. The single-stream plan unveiled Thursday will have limited appeal, Hodulik says, though he believes the company could eventually offer additional ad tiers with more features.</p><p>Rosenblatt Securities analyst Barton Crockett likewise has doubts about the appeal of the new plan. &#34;The most powerful force in subscriptions is inertia, and a need to switch will greatly limit the number of users of Netflix&#39;s Basic with Ads,&#34; he wrote. &#34;We see limited consumer interest in Netflix&#39;s 1 stream plan, since most houses have over 2 people and multiple streaming devices.&#34;</p><p>He kept his Neutral rating on the stock.</p><p>Benchmark analyst Matthew Harrigan, who kept a Sell rating and $157 target price on the stock, thinks that the medium-term risks in the stock are &#34;geared to the downside.&#34; Among other things, he said the timing for a new advertising platform &#34;is not favorable&#34; given the weak consumer economy. The lack of sports programming could be an issue for the Netflix ad strategy, he said, suggesting that some advertisers could be &#34;repelled&#34; by shows such as Squid Game and a new series about the serial killer Jeffrey Dahmer.</p><p>Evercore ISI analyst Mark Mahaney, who rates the stock at Outperform, is more upbeat. The addition of an advertising tier is &#34;the biggest catalyst across the internet sector&#34; and will &#34;materially boost the value of Netflix to consumers,&#34; reduce churn and expand gross subscriber additions, he said in a research note.</p><p>And the benefits of offering ads aren&#39;t reflected in current Wall Street forecasts for Netflix&#39;s financial performance or in the stock&#39;s valuation, Mahaney wrote. He kept his target of $300 for Netflix&#39;s stock price.</p><p>Netflix shares fell 1.1% to $230 on Friday.</p></body></html>","source":"lsy1610680873436","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Netflix's New Ad Tier Gets Mixed Reactions. Now the Focus Is on Earnings</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNetflix's New Ad Tier Gets Mixed Reactions. Now the Focus Is on Earnings\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-15 10:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/netflix-ads-earnings-51665770684?mod=hp_LATEST><strong>Barron's</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Netflix is getting a generally bullish reaction from Wall Street analysts to its new advertising strategy. Bulls see the addition of an ad-supported subscription tier boosting revenue, although ...</p>\n\n<a href=\"https://www.barrons.com/articles/netflix-ads-earnings-51665770684?mod=hp_LATEST\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NFLX":"奈飞"},"source_url":"https://www.barrons.com/articles/netflix-ads-earnings-51665770684?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2275959422","content_text":"Netflix is getting a generally bullish reaction from Wall Street analysts to its new advertising strategy. Bulls see the addition of an ad-supported subscription tier boosting revenue, although skeptics think the specifics of the new plan will make it unappealing to most viewers.Before we get into the details of the debate, let's take a minute to consider what a breathtaking change of direction this is for the world's leading subscription-based video-streaming service.While analysts and investors pressed Netflix (ticker: NFLX) CEO Reed Hastings for years on the company's choice not to sell advertising, he emphatically made the case that both viewers and the business were better off with a pure subscription model. Ads were likely to make the Netflix experience worse. he argued.In early 2020, just before the pandemic, Hastings was asked for the umpteenth time about why Netflix wasn't selling ads. He said it would be difficult for the company to compete in the market for digital advertising with Google, Facebook and Amazon.com.To create a $5 billion or $10 billion ad business, Netflix would have to \"rip that away\" from the other platforms, he said, arguing that making money in advertising over the long term would be a battle.\"We've got a much simpler business model which is just focused on streaming and customer pleasure,\" Hastings said. \"We think with our model that we will actually get to a larger revenue, a larger profit, larger market cap, because we don't have the exposure to something that we're strategically disadvantaged at, which is online advertising against those big three.\"Well, of course, that was then, and this is now.Netflix's subscriber numbers soared during the pandemic, but they have since come back to Earth. Subscribership fell during both of the past two quarters. The March quarter numbers were so shockingly bad -- the company lost 200,000 subscribers after projecting 2.5 million net additions -- that Hastings said on the earnings call that Netflix was considering adding ad-supported service, but that it would be phased in over several years.As it turned out, it took just six months for the company to dream up an advertising strategy. The company will offer the new \"Basic with Ads\" subscription tier to U.S. customers starting Nov. 3 at $6.99 a month, three bucks below the current bare-bones Basic plan. Netflix said it would include 4 to 5 minutes an hour of 15- and 30-seconds ads, both before and during movies and television programs.Subscribers to the plan will be limited to a single device at a time and won't be able to download shows for offline viewing. For licensing reasons, some unspecified content won't be available on the advertising tier.Wall Street is generally supportive of the Netflix strategy, and likewise thinks that the company's third-quarter earnings report, due on Tuesday, should show some improvement from the June quarter. For the quarter, Netflix has projected revenue of $7.84 billion, up 4.7% from a year ago, with profits of $2.14 a share.The company expects to add one million net new subscribers in the quarter, which would boost the total to 221.7 million. While Wall Street's consensus estimates are in line with management's guidance on both revenue and profits, analysts expect 1.1 million net new subscribers as the addition of 1.8 million international accounts is offset by a loss of about 700,000 in the U.S.UBS analyst John Hodulik on Friday lifted his target price on Netflix shares to $250, from $198, but kept his Neutral rating on the stock. He has some doubts about demand for the ad-based service.While he says the ad-supported tier will add to both revenue and profitability -- he sees an eventual 10% boost to revenue -- that will take some time. The single-stream plan unveiled Thursday will have limited appeal, Hodulik says, though he believes the company could eventually offer additional ad tiers with more features.Rosenblatt Securities analyst Barton Crockett likewise has doubts about the appeal of the new plan. \"The most powerful force in subscriptions is inertia, and a need to switch will greatly limit the number of users of Netflix's Basic with Ads,\" he wrote. \"We see limited consumer interest in Netflix's 1 stream plan, since most houses have over 2 people and multiple streaming devices.\"He kept his Neutral rating on the stock.Benchmark analyst Matthew Harrigan, who kept a Sell rating and $157 target price on the stock, thinks that the medium-term risks in the stock are \"geared to the downside.\" Among other things, he said the timing for a new advertising platform \"is not favorable\" given the weak consumer economy. The lack of sports programming could be an issue for the Netflix ad strategy, he said, suggesting that some advertisers could be \"repelled\" by shows such as Squid Game and a new series about the serial killer Jeffrey Dahmer.Evercore ISI analyst Mark Mahaney, who rates the stock at Outperform, is more upbeat. The addition of an advertising tier is \"the biggest catalyst across the internet sector\" and will \"materially boost the value of Netflix to consumers,\" reduce churn and expand gross subscriber additions, he said in a research note.And the benefits of offering ads aren't reflected in current Wall Street forecasts for Netflix's financial performance or in the stock's valuation, Mahaney wrote. He kept his target of $300 for Netflix's stock price.Netflix shares fell 1.1% to $230 on Friday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":171,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9965644177,"gmtCreate":1669949705599,"gmtModify":1676538276695,"author":{"id":"4127309136508732","authorId":"4127309136508732","name":"cky92","avatar":"https://community-static.tradeup.com/news/30bf8de6f8868dfb35bef0e86df9a12b","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4127309136508732","authorIdStr":"4127309136508732"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9965644177","repostId":"1112030503","repostType":2,"repost":{"id":"1112030503","pubTimestamp":1669945297,"share":"https://ttm.financial/m/news/1112030503?lang=&edition=fundamental","pubTime":"2022-12-02 09:41","market":"sg","language":"en","title":"4 Singapore REITs You Can Count on for Dividends","url":"https://stock-news.laohu8.com/highlight/detail?id=1112030503","media":"The Smart Investor","summary":"Here are four REITs that you can rely on to pay out steady distributions.Many investors value certai","content":"<html><head></head><body><p>Here are four REITs that you can rely on to pay out steady distributions.</p><p><img src=\"https://static.tigerbbs.com/eab8aa946575cbd62c9fc02194e91a18\" tg-width=\"800\" tg-height=\"533\" width=\"100%\" height=\"auto\"/></p><p>Many investors value certainty and peace of mind when allocating their money to stocks.</p><p>Growth stocks are inherently riskier and may not offer a sufficient margin of safety for conservative investors.</p><p>REITs, on the other hand, are well-liked by prudent investors for their dependability and ability to churn out a passive stream of dividend income.</p><p>But as with any asset class, you must select the quality, well-managed REITs that can boast reliable distributions over the long term.</p><p>As the world grapples with high inflation and surging interest rates, it’s useful to search for an oasis of calm amid the storm.</p><p>We feature four REITs that you can depend on to continue paying out healthy distributions despite the challenges.</p><p><b>Mapletree Industrial Trust (SGX: ME8U)</b></p><p>Mapletree Industrial Trust, or MIT, is an industrial REIT that owns 141 properties with an asset under management of S$8.9 billion as of 30 September 2022.</p><p>These properties include a mix of flatted factories, hi-tech buildings, and data centres spread out across Singapore and the US.</p><p>MIT has demonstrated tremendous growth since its fiscal 2011 (FY2011) ending 31 March 2011.</p><p>The REIT started with an AUM of S$2.2 billion back then and has more than quadrupled it in more than a decade.</p><p>For its fiscal 2023’s second quarter (2Q2023), the industrial REIT saw distributable income inch up 0.7% year on year to S$89 million.</p><p>Distribution per unit (DPU), however, dipped by 3.2% year on year to S$0.0336 due to higher operating expenses and borrowing costs.</p><p>Despite this, MIT maintained a high portfolio occupancy of 95.6% with nearly three-quarters of its loans hedged to fixed rates.</p><p>The REIT has promised to release S$6.6 million of tax-exempt income over three quarters to mitigate the fall in DPU.</p><p>MIT’s redevelopment project at Kolam Ayer 2 should start contributing rental income after its full completion by the second half of 2023.</p><p><b>Parkway Life REIT (SGX: C2PU)</b></p><p>Parkway Life REIT, or PLife REIT, is one of the largest healthcare REITs in Asia with a portfolio worth S$2.4 billion as of 30 September 2022.</p><p>The healthcare REIT owns a total of 61 properties across Singapore, Japan and Malaysia.</p><p>PLife REIT boasts an uninterrupted increase in its core DPU since FY2008, going from S$0.0683 per unit to S$0.1408 by FY2021.</p><p>For the first nine months of 2022 (9M2022), gross revenue saw a 1.3% year on year dip to S$89 million.</p><p>Net property income (NPI), however, inched up 0.1% year on year to S$82.8 million.</p><p>PLife REIT’s gearing stood at just 34.7%, giving the REIT ample debt headroom of S$706.7 million before hitting the 50% leverage threshold.</p><p>After signing a new master lease agreement for its Singapore hospitals last year, PLife REIT recently announced the commencement of renewal capex works at Mount Elizabeth that will be completed by December 2025.</p><p><b>Keppel DC REIT (SGX: AJBU)</b></p><p>Keppel DC REIT owns a portfolio of 23 data centres spread across nine countries with an AUM of S$3.6 billion as of 30 September 2022.</p><p>The REIT has conducted several acquisitions in the past year that have helped to boost its DPU.</p><p>Last December, it acquired its second data centre in London for around S$105.5 million. This property sits on freehold land and is DPU-accretive.</p><p>Then earlier in June, Keppel DC REIT scooped up two data centres in Guangdong, China, for approximately S$297.1 million.</p><p>This acquisition should grow DPU by 2.7% and improve portfolio occupancy further to 98.9%.</p><p>The data centre REIT achieved a commendable performance for 9M2022.</p><p>Gross revenue edged up 0.7% year on year to S$205.9 million while distributable income climbed 8.5% year on year to S$138.1 million.</p><p>DPU increased by 3.4% year on year to S$0.07634.</p><p><b>CapitaLand Integrated Commercial Trust (SGX: C38U)</b></p><p>CapitaLand Integrated Commercial Trust, or CICT, is a retail cum commercial REIT with a total property value of S$24.2 billion as of 31 December 2021.</p><p>The REIT owns 21 properties in Singapore, two in Frankfurt, and three in Sydney.</p><p>CICT released a robust set of numbers for its latest fiscal 2022’s third quarter (3Q2022) business update.</p><p>Gross revenue for 9M2022 rose 8.9% year on year to S$1.1 billion while NPI increased by 8.4% year on year to S$775 million.</p><p>CICT also has a strong sponsor in real estate giant <b>CapitaLand Investment Limited</b> (SGX: 9CI).</p><p>Investors should feel assured that no single tenant contributes more than 5.1% of the REIT’s gross rental income.</p><p>Elsewhere, CICT also has 80% of its total borrowings on fixed rates, thereby mitigating a sharp rise in finance costs that may eat into its distributable income.</p></body></html>","source":"lsy1602567310727","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>4 Singapore REITs You Can Count on for Dividends</title>\n<style 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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\">\n4 Singapore REITs You Can Count on for Dividends\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-02 09:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/4-singapore-reits-you-can-count-on-for-dividends/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Here are four REITs that you can rely on to pay out steady distributions.Many investors value certainty and peace of mind when allocating their money to stocks.Growth stocks are inherently riskier and...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/4-singapore-reits-you-can-count-on-for-dividends/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"C38U.SI":"凯德商用新加坡信托","C2PU.SI":"百汇生命产业信托","ME8U.SI":"丰树工业信托","AJBU.SI":"吉宝数据中心房地产信托"},"source_url":"https://thesmartinvestor.com.sg/4-singapore-reits-you-can-count-on-for-dividends/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112030503","content_text":"Here are four REITs that you can rely on to pay out steady distributions.Many investors value certainty and peace of mind when allocating their money to stocks.Growth stocks are inherently riskier and may not offer a sufficient margin of safety for conservative investors.REITs, on the other hand, are well-liked by prudent investors for their dependability and ability to churn out a passive stream of dividend income.But as with any asset class, you must select the quality, well-managed REITs that can boast reliable distributions over the long term.As the world grapples with high inflation and surging interest rates, it’s useful to search for an oasis of calm amid the storm.We feature four REITs that you can depend on to continue paying out healthy distributions despite the challenges.Mapletree Industrial Trust (SGX: ME8U)Mapletree Industrial Trust, or MIT, is an industrial REIT that owns 141 properties with an asset under management of S$8.9 billion as of 30 September 2022.These properties include a mix of flatted factories, hi-tech buildings, and data centres spread out across Singapore and the US.MIT has demonstrated tremendous growth since its fiscal 2011 (FY2011) ending 31 March 2011.The REIT started with an AUM of S$2.2 billion back then and has more than quadrupled it in more than a decade.For its fiscal 2023’s second quarter (2Q2023), the industrial REIT saw distributable income inch up 0.7% year on year to S$89 million.Distribution per unit (DPU), however, dipped by 3.2% year on year to S$0.0336 due to higher operating expenses and borrowing costs.Despite this, MIT maintained a high portfolio occupancy of 95.6% with nearly three-quarters of its loans hedged to fixed rates.The REIT has promised to release S$6.6 million of tax-exempt income over three quarters to mitigate the fall in DPU.MIT’s redevelopment project at Kolam Ayer 2 should start contributing rental income after its full completion by the second half of 2023.Parkway Life REIT (SGX: C2PU)Parkway Life REIT, or PLife REIT, is one of the largest healthcare REITs in Asia with a portfolio worth S$2.4 billion as of 30 September 2022.The healthcare REIT owns a total of 61 properties across Singapore, Japan and Malaysia.PLife REIT boasts an uninterrupted increase in its core DPU since FY2008, going from S$0.0683 per unit to S$0.1408 by FY2021.For the first nine months of 2022 (9M2022), gross revenue saw a 1.3% year on year dip to S$89 million.Net property income (NPI), however, inched up 0.1% year on year to S$82.8 million.PLife REIT’s gearing stood at just 34.7%, giving the REIT ample debt headroom of S$706.7 million before hitting the 50% leverage threshold.After signing a new master lease agreement for its Singapore hospitals last year, PLife REIT recently announced the commencement of renewal capex works at Mount Elizabeth that will be completed by December 2025.Keppel DC REIT (SGX: AJBU)Keppel DC REIT owns a portfolio of 23 data centres spread across nine countries with an AUM of S$3.6 billion as of 30 September 2022.The REIT has conducted several acquisitions in the past year that have helped to boost its DPU.Last December, it acquired its second data centre in London for around S$105.5 million. This property sits on freehold land and is DPU-accretive.Then earlier in June, Keppel DC REIT scooped up two data centres in Guangdong, China, for approximately S$297.1 million.This acquisition should grow DPU by 2.7% and improve portfolio occupancy further to 98.9%.The data centre REIT achieved a commendable performance for 9M2022.Gross revenue edged up 0.7% year on year to S$205.9 million while distributable income climbed 8.5% year on year to S$138.1 million.DPU increased by 3.4% year on year to S$0.07634.CapitaLand Integrated Commercial Trust (SGX: C38U)CapitaLand Integrated Commercial Trust, or CICT, is a retail cum commercial REIT with a total property value of S$24.2 billion as of 31 December 2021.The REIT owns 21 properties in Singapore, two in Frankfurt, and three in Sydney.CICT released a robust set of numbers for its latest fiscal 2022’s third quarter (3Q2022) business update.Gross revenue for 9M2022 rose 8.9% year on year to S$1.1 billion while NPI increased by 8.4% year on year to S$775 million.CICT also has a strong sponsor in real estate giant CapitaLand Investment Limited (SGX: 9CI).Investors should feel assured that no single tenant contributes more than 5.1% of the REIT’s gross rental income.Elsewhere, CICT also has 80% of its total borrowings on fixed rates, thereby mitigating a sharp rise in finance costs that may eat into its distributable income.","news_type":1},"isVote":1,"tweetType":1,"viewCount":502,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9988408548,"gmtCreate":1666800416284,"gmtModify":1676537808524,"author":{"id":"4127309136508732","authorId":"4127309136508732","name":"cky92","avatar":"https://community-static.tradeup.com/news/30bf8de6f8868dfb35bef0e86df9a12b","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4127309136508732","authorIdStr":"4127309136508732"},"themes":[],"htmlText":"Hmmm","listText":"Hmmm","text":"Hmmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9988408548","repostId":"2278672309","repostType":4,"repost":{"id":"2278672309","pubTimestamp":1666778473,"share":"https://ttm.financial/m/news/2278672309?lang=&edition=fundamental","pubTime":"2022-10-26 18:01","market":"us","language":"en","title":"Tesla Has An Elon Musk Problem","url":"https://stock-news.laohu8.com/highlight/detail?id=2278672309","media":"Seeking Alpha","summary":"SummaryTesla's growth is astonishing and it continued to hold significant market share in the United States and around the world in the all-electric vehicle industry.But with their currently-high valu","content":"<html><head></head><body><h2>Summary</h2><ul><li>Tesla&#39;s growth is astonishing and it continued to hold significant market share in the United States and around the world in the all-electric vehicle industry.</li><li>But with their currently-high valuation relative to peers directly tied, I believe, to Elon Musk&#39;s involvement with the company - recent events may change that.</li><li>As a result, I evaluate the company&#39;s current fair value and believe it is lower enough to avoid the company altogether until it reaches more realistic levels.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/036a30b7377f20abe9dceec9a63d51f5\" tg-width=\"1080\" tg-height=\"720\" width=\"100%\" height=\"auto\"/><span>Justin Sullivan</span></p><p>Tesla (NASDAQ:TSLA) is an interesting growth story and one for the ages. After staring bankruptcy straight in the eyes several times, according to CEO Elon Musk, they ended up as one of the biggest success stories in earlymarket penetration and scaling up capacity around the globe in record time.</p><p>Just like other once-startups in an emerging new industry, however, there are always issues with how to value a company like Tesla. And going one step forward - what influence does the presence of a revolutionary mind like that of Elon Musk have on the stocks share price and subsequent valuation.</p><p>While the company is the only current all-electric vehicle manufacturer with the capacity to meet the demand around the globe, I still believe that there is significant premium to the company&#39;s valuation due to its association with Mr. Musk and that if you take him out of the equation - while the company will still do remarkably well and continue to grow, their valuation may be excessive.</p><p>Let&#39;s dissect what I mean by excessive and the implications of such.</p><h2>Tesla&#39;s Advantage Is Clear</h2><p>While the company is facing increasing competitive pressures from nearly all automobile manufacturers around the globe, they still remain the only company which currently has the capacity to manufacture and deliver hundreds of thousands of all-electric vehicles. While there are some exceptions to this with Chinese-based companies, I&#39;ll discuss that later.</p><p>This means that when a company like Hertz (HTZ) wants to cut their maintenance and fuel consumption surcharges and puts in an order for 100,000 all-electric cars - they really only have one option if they want them delivered within a year or two. And that&#39;s exactly what they did.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/607f7a5839ed63281b20fe46d8365acd\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"/><span>US EV Sales - 2022 YTD (Electrek US EV Sales Tracker)</span></p><p>Even while other companies like Ford (F), General Motors (GM), Toyota Motor (TM) have ramped up production of their all-electric and plug-in hybrid vehicles, they still remain well behind in their capacity for delivery.</p><p>Furthermore, even though most other companies are catching up on this as time goes by, Tesla still has built-in technological advantages like automated driving capabilities, vehicle control technologies, supercharging stations and others. These aren&#39;t only just for tech geeks who want to make an investment in the company&#39;s current lead in the race for autonomous driving, the vehicle mileage and performance is on the top of consumers&#39; minds as they think of which all-electric vehicle they want to purchase.</p><h2>Tesla&#39;s Growth Is Astonishing</h2><p>It&#39;s not just that the company has an advantage in their ability to deliver more than their competitors - it&#39;s that they&#39;re actually increasing deliveries almost every quarter, on average, and they&#39;re expected to maintain this growth for quite some time.</p><p>They&#39;re doing this by opening manufacturing plants outside of the United States in fast growing markets in the Asia-Pacific region and the European Union and the United Kingdom. While the full capacity of their Shanghai and Germany plants were slightly hindered by the COVID-19 pandemic closures, they&#39;re on tap to make record deliveries once more this year.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fdab1ca78acffae7370633d386137363\" tg-width=\"640\" tg-height=\"392\" width=\"100%\" height=\"auto\"/><span>Tesla Vehicle Sales by Quarter (Statista - Sales Visualization)</span></p><p>As we can see, the company has made nearly as many deliveries of their new all-electric vehicles, mostly the Model 3 and Model Y, in the first 3 quarters of this year as they did in the entirety of last year and are set to deliver well over one million vehicles in 2022.</p><p>While they&#39;re growing these figures with new plants, other companies are struggling to increase capacity and convert existing manufacturing facilities in the United States to manufacture their own versions of all-electric vehicles.</p><p>That&#39;s why I believe Tesla&#39;s growth story is far from over, and we can see that in the company&#39;s current projections for the coming years.</p><h2>Future Growth Is Strong, But...</h2><p>While the company is projected to deliver almost 2 million vehicles in 2023, there are some negative factors which stand in the way of future growth for the company, even if they seem to be minor in the grand scheme of things.</p><p>Firstly, there&#39;s increased competition. While this may not mean much for Tesla in the near term, it certainly will mean a lot in the longer term. There are hundreds of new all-electric and plug-in hybrid models hitting the streets (pun intended) in the coming years and while that may not do much for a few years, it&#39;s bound to cut into their market share.</p><p>In fact, that&#39;s already been happening. While their cars are not sold in the United States or in major markets (in significant numbers, in any case) outside of the People&#39;s Republic of China, BYD (OTCPK:BYDDF) has seen their market share double in the global all-electric vehicle sales and now stand at 11% while Tesla has decreased to about 19% in the latest report of YTD figures in 2022.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ec9fdb84e4e48b98991d0625bdc2217a\" tg-width=\"640\" tg-height=\"233\" width=\"100%\" height=\"auto\"/><span>H1 2022 EV Sales by Company (InsideEVs EV Sales)</span></p><p>Even with these global sales and market share figures, the company is still projected to do very well, as you can see by the company&#39;s current projections for sales and earnings.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7244826e2217edac067e967d0999422f\" tg-width=\"623\" tg-height=\"341\" width=\"100%\" height=\"auto\"/><span>Tesla Sales Growth Projections (Seeking Alpha)</span></p><p>But there&#39;s still this issue.</p><h2>The Elon Musk Problem</h2><p>I know, I know, I bore you with details about the company before getting to the issue at hand. But context here is very important.</p><p>The company does have things it can do, which don&#39;t require some magical solution by the contrarian-thinking Elon Musk - things like lowering their prices to outmaneuver other companies introducing high-end (ish) all-electric vehicles and things of that nature. But there&#39;s still an issue.</p><p>The issue is Elon Musk. While most of the world was struggling with updating the technology in regular automobiles, he was 10 steps ahead with battery technology advancements, technological advancements, EV range increases, charging station expansions and many other things.</p><p>This forward-thinking vision is exactly what made Tesla the hype (rightfully so, not in a bad way) which it is today and I don&#39;t believe the company will be where it is today without him. But for how long is he going to stay?</p><h3>Twitter Is Hardly The Only Issue</h3><p>As we&#39;ve seen with Jack Dorsey when he operated both Square (SQ) and Twitter (TWTR), it&#39;s nearly impossible to run multiple companies at once and do a great job at all of them, even if you&#39;re Elon Musk.</p><p>While Mr. Musk runs Tesla&#39;s as its chief-product-officer, as he dubs himself, he also runs SpaceX (SPACE), The Boring Company, SolarCity (part of Tesla) and other AI (artificial intelligence) companies and he now picked up Twitter.</p><p>While he did sell a significant portion of his Tesla stock to do so, diluting his ownership, it&#39;s the hands-off approach I think is coming to Tesla which can hurt valuation. Not only is there a board which can hold this work ethic accountable for the time spent elsewhere, it&#39;s about where he spends most of his time.</p><p>During the company&#39;s near-bankruptcy times a few years back, Elon Musk notoriously slept on the factory floor to make sure production headwinds were dealt with and it was undoubtedly one of the reasons employees, officers and other mangers managed to get the job done and get vehicles out for delivery.</p><p>Can Elon Must continue to do that now?</p><h3>Eventually He Has To Make A Choice</h3><p>Right now, I believe that Tesla is no longer a priority for Mr. Musk, and that the following companies will take precedent:</p><p>1 -<b>Twitter</b>: With Elon Musk&#39;s personal crusade and fortune tied into this acquisition, it&#39;s hardly a stretch to think that he&#39;ll need to spend a lot of time building the company into something which can potentially be profitable. Since 2021, a lot of the folks who he presumably wants to bring back to Twitter (I won&#39;t mention names since I don&#39;t want the article to turn political, but unless you&#39;ve been living in a cave for the past 3 years - you know who I mean) have found other platforms and have since gravitated away.</p><p>Especially since he plans to fire 75% of the company&#39;s employees, he&#39;ll need to have a hands-on approach if he wants to steer this mega tech company to a place where it can generate meaningful growth or profits in the years to come.</p><p>2 -<b>SpaceX</b>: With the world of space exploration just beginning, and the company&#39;s recent advancements in rocket technologies, the company has been experiencing increased demand and this too requires a hands on approach to work with the engineers to solve the seemingly endless headwinds they face trying to colonize other planets, set up the Starlink network and more.</p><p>This means, I believe, that outside of the near full-time job of running Twitter, that Mr. Musk will be spending a near full-time job equivalent of time at SpaceX in order to make these futuristic technologies and products work.</p><p>3 -<b>The Boring Company &amp; Neuralink</b>: While these companies have not been as high profile as Mr. Musk&#39;s other ones, recent news that the company is battling deadlines and postponing show-and-tell events further eludes or confirms that the companies are facing some difficulties taking off.</p><p>Since Mr. Musk has been actively taking part in these companies and their issues, it&#39;s apparent to me that he&#39;s going to continue to spend time with these companies, which will further take time away from Tesla.</p><h2>So What&#39;s The Problem Exactly?</h2><p>The problem is the company&#39;s valuation.</p><p>As we&#39;ve seen with sales, growth is projected to slow over the next decade since competitive pressures are mounting and that&#39;s true for net income as well, especially if the company will need to lower prices in order to compete.</p><h3>Earnings Per Share Multiples - Comparison</h3><p>Tesla is currently trading at 30x to 50x forward earnings per share projections while they&#39;re expected to report slowing growth and a decline by 2027 due to certain estimates that tax credits end and various other factors coming in.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0433a7fa8724b7ec3a9274292ecd618d\" tg-width=\"640\" tg-height=\"170\" width=\"100%\" height=\"auto\"/><span>EPS Projections &amp; FWD P/E Ratio (Seeking Alpha)</span></p><p>While these may not seem excessive, companies like Ford with a projected 25% increase in EPS this year are trading at around 7x forward earnings. Toyota Motors with a longer term EPS growth projection of 5-6% are trading at around 9x forward earnings.</p><h3>Sales Multiples - Comparison</h3><p>If we want to look at sales as an indication, things get even more interesting. Comparing Tesla&#39;s sales growth to that of BYD&#39;s, the company&#39;s closest competitor by unit sales volume, there&#39;s a stark difference in valuation.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d3fb74c2c9e703771131b2ac31a12050\" tg-width=\"640\" tg-height=\"111\" width=\"100%\" height=\"auto\"/><span>BYD Sales Growth / Multiples (Seeking Alpha)</span></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bb5de69f4748bc2763641db7f4589d7a\" tg-width=\"640\" tg-height=\"110\" width=\"100%\" height=\"auto\"/><span>TSLA Sales Growth / Multiples (Seeking Alpha)</span></p><p>The difference here is quite astonishing. With nearly identical growth, Tesla is trading at 4.5x to 8x sales multiples while BYD is trading at 0.7x to 1.3x.</p><p>This is due in part to the enthusiasm and trust around Elon Musk&#39;s ability to solve issues and come up with product improvements, as his title so suggests. Without him at the helm, I have no doubt that the company can succeed, but can they do so at a valuation 3-4 times as high as other companies with somewhat similar growth projection? I&#39;m just not sure.</p><h2>Conclusion, If There Is One</h2><p>Is Tesla a good company which currently has a near monopoly on US all-electric vehicle sales with ramping up production in the Asia-Pacific and European Union and United Kingdom regions? Absolutely yes.</p><p>Will they continue to grow their long-term sales at low to mid double digits over the next decade? Most likely.</p><p>But with increasing competitive pressures from existing companies, near-certain Model 3 and Model Y pricing cuts and a sluggish sales prospect in China due to increasing competitive pressures from geopolitical forces, the company is going to need the ingenuity of the person who made them what they are today.</p><p>As Mr. Musk continued to take on more and more impossible projects, I don&#39;t believe that dedication is sustainable for Tesla and I believe that the company will see him having a more and more hands-off approach as he focused on the other monumental tasks ahead with Twitter, SpaceX, The Boring Company and Neuralink.</p><p>This doesn&#39;t mean that the company&#39;s growth is in question - but it does mean that if we treat Tesla as a generic company growing at the pace they are, they may be valued quite significantly lower than they are right now. This also means that, historically, during period where the market underperforms, like during recessions or market slowdowns, these types of companies tend to underperform the broader market.</p><p>While the company&#39;s growth is not in question, their valuation is. And as a result, I believe that their fair value lies lower than their current valuation. So while I do believe in their future, I&#39;m avoiding the stock altogether.</p><p><i>This article is written by </i><i>Pinxter Analytics</i><i> for reference only. Please note the risks.</i></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Has An Elon Musk Problem</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Has An Elon Musk Problem\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-26 18:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4549186-tesla-has-an-elon-musk-problem><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryTesla's growth is astonishing and it continued to hold significant market share in the United States and around the world in the all-electric vehicle industry.But with their currently-high ...</p>\n\n<a href=\"https://seekingalpha.com/article/4549186-tesla-has-an-elon-musk-problem\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://seekingalpha.com/article/4549186-tesla-has-an-elon-musk-problem","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2278672309","content_text":"SummaryTesla's growth is astonishing and it continued to hold significant market share in the United States and around the world in the all-electric vehicle industry.But with their currently-high valuation relative to peers directly tied, I believe, to Elon Musk's involvement with the company - recent events may change that.As a result, I evaluate the company's current fair value and believe it is lower enough to avoid the company altogether until it reaches more realistic levels.Justin SullivanTesla (NASDAQ:TSLA) is an interesting growth story and one for the ages. After staring bankruptcy straight in the eyes several times, according to CEO Elon Musk, they ended up as one of the biggest success stories in earlymarket penetration and scaling up capacity around the globe in record time.Just like other once-startups in an emerging new industry, however, there are always issues with how to value a company like Tesla. And going one step forward - what influence does the presence of a revolutionary mind like that of Elon Musk have on the stocks share price and subsequent valuation.While the company is the only current all-electric vehicle manufacturer with the capacity to meet the demand around the globe, I still believe that there is significant premium to the company's valuation due to its association with Mr. Musk and that if you take him out of the equation - while the company will still do remarkably well and continue to grow, their valuation may be excessive.Let's dissect what I mean by excessive and the implications of such.Tesla's Advantage Is ClearWhile the company is facing increasing competitive pressures from nearly all automobile manufacturers around the globe, they still remain the only company which currently has the capacity to manufacture and deliver hundreds of thousands of all-electric vehicles. While there are some exceptions to this with Chinese-based companies, I'll discuss that later.This means that when a company like Hertz (HTZ) wants to cut their maintenance and fuel consumption surcharges and puts in an order for 100,000 all-electric cars - they really only have one option if they want them delivered within a year or two. And that's exactly what they did.US EV Sales - 2022 YTD (Electrek US EV Sales Tracker)Even while other companies like Ford (F), General Motors (GM), Toyota Motor (TM) have ramped up production of their all-electric and plug-in hybrid vehicles, they still remain well behind in their capacity for delivery.Furthermore, even though most other companies are catching up on this as time goes by, Tesla still has built-in technological advantages like automated driving capabilities, vehicle control technologies, supercharging stations and others. These aren't only just for tech geeks who want to make an investment in the company's current lead in the race for autonomous driving, the vehicle mileage and performance is on the top of consumers' minds as they think of which all-electric vehicle they want to purchase.Tesla's Growth Is AstonishingIt's not just that the company has an advantage in their ability to deliver more than their competitors - it's that they're actually increasing deliveries almost every quarter, on average, and they're expected to maintain this growth for quite some time.They're doing this by opening manufacturing plants outside of the United States in fast growing markets in the Asia-Pacific region and the European Union and the United Kingdom. While the full capacity of their Shanghai and Germany plants were slightly hindered by the COVID-19 pandemic closures, they're on tap to make record deliveries once more this year.Tesla Vehicle Sales by Quarter (Statista - Sales Visualization)As we can see, the company has made nearly as many deliveries of their new all-electric vehicles, mostly the Model 3 and Model Y, in the first 3 quarters of this year as they did in the entirety of last year and are set to deliver well over one million vehicles in 2022.While they're growing these figures with new plants, other companies are struggling to increase capacity and convert existing manufacturing facilities in the United States to manufacture their own versions of all-electric vehicles.That's why I believe Tesla's growth story is far from over, and we can see that in the company's current projections for the coming years.Future Growth Is Strong, But...While the company is projected to deliver almost 2 million vehicles in 2023, there are some negative factors which stand in the way of future growth for the company, even if they seem to be minor in the grand scheme of things.Firstly, there's increased competition. While this may not mean much for Tesla in the near term, it certainly will mean a lot in the longer term. There are hundreds of new all-electric and plug-in hybrid models hitting the streets (pun intended) in the coming years and while that may not do much for a few years, it's bound to cut into their market share.In fact, that's already been happening. While their cars are not sold in the United States or in major markets (in significant numbers, in any case) outside of the People's Republic of China, BYD (OTCPK:BYDDF) has seen their market share double in the global all-electric vehicle sales and now stand at 11% while Tesla has decreased to about 19% in the latest report of YTD figures in 2022.H1 2022 EV Sales by Company (InsideEVs EV Sales)Even with these global sales and market share figures, the company is still projected to do very well, as you can see by the company's current projections for sales and earnings.Tesla Sales Growth Projections (Seeking Alpha)But there's still this issue.The Elon Musk ProblemI know, I know, I bore you with details about the company before getting to the issue at hand. But context here is very important.The company does have things it can do, which don't require some magical solution by the contrarian-thinking Elon Musk - things like lowering their prices to outmaneuver other companies introducing high-end (ish) all-electric vehicles and things of that nature. But there's still an issue.The issue is Elon Musk. While most of the world was struggling with updating the technology in regular automobiles, he was 10 steps ahead with battery technology advancements, technological advancements, EV range increases, charging station expansions and many other things.This forward-thinking vision is exactly what made Tesla the hype (rightfully so, not in a bad way) which it is today and I don't believe the company will be where it is today without him. But for how long is he going to stay?Twitter Is Hardly The Only IssueAs we've seen with Jack Dorsey when he operated both Square (SQ) and Twitter (TWTR), it's nearly impossible to run multiple companies at once and do a great job at all of them, even if you're Elon Musk.While Mr. Musk runs Tesla's as its chief-product-officer, as he dubs himself, he also runs SpaceX (SPACE), The Boring Company, SolarCity (part of Tesla) and other AI (artificial intelligence) companies and he now picked up Twitter.While he did sell a significant portion of his Tesla stock to do so, diluting his ownership, it's the hands-off approach I think is coming to Tesla which can hurt valuation. Not only is there a board which can hold this work ethic accountable for the time spent elsewhere, it's about where he spends most of his time.During the company's near-bankruptcy times a few years back, Elon Musk notoriously slept on the factory floor to make sure production headwinds were dealt with and it was undoubtedly one of the reasons employees, officers and other mangers managed to get the job done and get vehicles out for delivery.Can Elon Must continue to do that now?Eventually He Has To Make A ChoiceRight now, I believe that Tesla is no longer a priority for Mr. Musk, and that the following companies will take precedent:1 -Twitter: With Elon Musk's personal crusade and fortune tied into this acquisition, it's hardly a stretch to think that he'll need to spend a lot of time building the company into something which can potentially be profitable. Since 2021, a lot of the folks who he presumably wants to bring back to Twitter (I won't mention names since I don't want the article to turn political, but unless you've been living in a cave for the past 3 years - you know who I mean) have found other platforms and have since gravitated away.Especially since he plans to fire 75% of the company's employees, he'll need to have a hands-on approach if he wants to steer this mega tech company to a place where it can generate meaningful growth or profits in the years to come.2 -SpaceX: With the world of space exploration just beginning, and the company's recent advancements in rocket technologies, the company has been experiencing increased demand and this too requires a hands on approach to work with the engineers to solve the seemingly endless headwinds they face trying to colonize other planets, set up the Starlink network and more.This means, I believe, that outside of the near full-time job of running Twitter, that Mr. Musk will be spending a near full-time job equivalent of time at SpaceX in order to make these futuristic technologies and products work.3 -The Boring Company & Neuralink: While these companies have not been as high profile as Mr. Musk's other ones, recent news that the company is battling deadlines and postponing show-and-tell events further eludes or confirms that the companies are facing some difficulties taking off.Since Mr. Musk has been actively taking part in these companies and their issues, it's apparent to me that he's going to continue to spend time with these companies, which will further take time away from Tesla.So What's The Problem Exactly?The problem is the company's valuation.As we've seen with sales, growth is projected to slow over the next decade since competitive pressures are mounting and that's true for net income as well, especially if the company will need to lower prices in order to compete.Earnings Per Share Multiples - ComparisonTesla is currently trading at 30x to 50x forward earnings per share projections while they're expected to report slowing growth and a decline by 2027 due to certain estimates that tax credits end and various other factors coming in.EPS Projections & FWD P/E Ratio (Seeking Alpha)While these may not seem excessive, companies like Ford with a projected 25% increase in EPS this year are trading at around 7x forward earnings. Toyota Motors with a longer term EPS growth projection of 5-6% are trading at around 9x forward earnings.Sales Multiples - ComparisonIf we want to look at sales as an indication, things get even more interesting. Comparing Tesla's sales growth to that of BYD's, the company's closest competitor by unit sales volume, there's a stark difference in valuation.BYD Sales Growth / Multiples (Seeking Alpha)TSLA Sales Growth / Multiples (Seeking Alpha)The difference here is quite astonishing. With nearly identical growth, Tesla is trading at 4.5x to 8x sales multiples while BYD is trading at 0.7x to 1.3x.This is due in part to the enthusiasm and trust around Elon Musk's ability to solve issues and come up with product improvements, as his title so suggests. Without him at the helm, I have no doubt that the company can succeed, but can they do so at a valuation 3-4 times as high as other companies with somewhat similar growth projection? I'm just not sure.Conclusion, If There Is OneIs Tesla a good company which currently has a near monopoly on US all-electric vehicle sales with ramping up production in the Asia-Pacific and European Union and United Kingdom regions? Absolutely yes.Will they continue to grow their long-term sales at low to mid double digits over the next decade? Most likely.But with increasing competitive pressures from existing companies, near-certain Model 3 and Model Y pricing cuts and a sluggish sales prospect in China due to increasing competitive pressures from geopolitical forces, the company is going to need the ingenuity of the person who made them what they are today.As Mr. Musk continued to take on more and more impossible projects, I don't believe that dedication is sustainable for Tesla and I believe that the company will see him having a more and more hands-off approach as he focused on the other monumental tasks ahead with Twitter, SpaceX, The Boring Company and Neuralink.This doesn't mean that the company's growth is in question - but it does mean that if we treat Tesla as a generic company growing at the pace they are, they may be valued quite significantly lower than they are right now. This also means that, historically, during period where the market underperforms, like during recessions or market slowdowns, these types of companies tend to underperform the broader market.While the company's growth is not in question, their valuation is. And as a result, I believe that their fair value lies lower than their current valuation. So while I do believe in their future, I'm avoiding the stock altogether.This article is written by Pinxter Analytics for reference only. Please note the risks.","news_type":1},"isVote":1,"tweetType":1,"viewCount":233,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9989603364,"gmtCreate":1665977663658,"gmtModify":1676537686711,"author":{"id":"4127309136508732","authorId":"4127309136508732","name":"cky92","avatar":"https://community-static.tradeup.com/news/30bf8de6f8868dfb35bef0e86df9a12b","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4127309136508732","authorIdStr":"4127309136508732"},"themes":[],"htmlText":"👌","listText":"👌","text":"👌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9989603364","repostId":"1110365668","repostType":2,"repost":{"id":"1110365668","pubTimestamp":1665974372,"share":"https://ttm.financial/m/news/1110365668?lang=&edition=fundamental","pubTime":"2022-10-17 10:39","market":"us","language":"en","title":"Alibaba, Nio Shares Fall: Recession Worries, Volatile Wall Street Keep Hong Kong Stocks In Red","url":"https://stock-news.laohu8.com/highlight/detail?id=1110365668","media":"Benzinga","summary":"ZINGER KEY POINTSThe benchmark Hang Seng opened 0.53% lower.Shares of Xpeng, Nio and Baidu lost over","content":"<html><head></head><body><p><b>ZINGER KEY POINTS</b></p><ul><li>The benchmark Hang Seng opened 0.53% lower.</li><li>Shares of Xpeng, Nio and Baidu lost over 5% in morning trade, Alibaba shares fell over 1%.</li></ul><p>Hong Kong shares opened in the red on Monday as recession worries continued to plague stock markets across the world with major indices in the U.S.falling over 1% on Friday.</p><p>The benchmark Hang Seng opened 0.53% lower with shares of Xpeng, Nio and Baidu losing over 5% in morning trade. Alibaba shares lost over 1%.</p><p>“Risk was firmly off in US markets as earnings results rolled in and the University of Michigan survey showed consumer inflation expectations rising for the first time in seven months,” ANZ Research said in a note.</p><p><b>Company News</b>: Alibaba is readying significant discounts and extra help for merchants in the run-up to this year’s <b>Singles’ Day</b> shopping extravaganza,reported the South China Morning Post.</p><p>China’s biggest offshore oil and gas driller <b>Cnooc Ltd.</b> stated net profit probably more than doubled in the first nine months of the year, reported Bloomberg.</p><p><b>Top Gainers and Losers: Li Ning Company Limited</b> and <b>JD.com</b> were the top losers among Hang Seng constituents, having shed over 4% and 3%, respectively. <b>China Mengniu Dairy Company Limited</b> and <b>Lenovo Group Limited</b> were the top gainers, rising over 3% and 1.5%, respectively.</p><p><b>Global News</b>: U.S. futures traded in the green on Monday morning Asia session. The Dow Jones futures were up 0.42% while the Nasdaq futures gained 0.47%. The S&amp;P 500 futures were up 0.46%.</p><p>Elsewhere in Asia, Australia’s ASX 200 was down 1.44%. Japan’s Nikkei 225 lost 1.26% while China’s Shanghai Composite index was down 0.3%. South Korea’s Kospi fell 0.16%.</p></body></html>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba, Nio Shares Fall: Recession Worries, Volatile Wall Street Keep Hong Kong Stocks In Red</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba, Nio Shares Fall: Recession Worries, Volatile Wall Street Keep Hong Kong Stocks In Red\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-17 10:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/asia/22/10/29281144/alibaba-nio-shares-fall-recession-worries-volatile-wall-street-keep-hong-kong-stocks-in-red><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ZINGER KEY POINTSThe benchmark Hang Seng opened 0.53% lower.Shares of Xpeng, Nio and Baidu lost over 5% in morning trade, Alibaba shares fell over 1%.Hong Kong shares opened in the red on Monday as ...</p>\n\n<a href=\"https://www.benzinga.com/markets/asia/22/10/29281144/alibaba-nio-shares-fall-recession-worries-volatile-wall-street-keep-hong-kong-stocks-in-red\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09866":"蔚来-SW","09888":"百度集团-SW","09868":"小鹏汽车-W"},"source_url":"https://www.benzinga.com/markets/asia/22/10/29281144/alibaba-nio-shares-fall-recession-worries-volatile-wall-street-keep-hong-kong-stocks-in-red","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1110365668","content_text":"ZINGER KEY POINTSThe benchmark Hang Seng opened 0.53% lower.Shares of Xpeng, Nio and Baidu lost over 5% in morning trade, Alibaba shares fell over 1%.Hong Kong shares opened in the red on Monday as recession worries continued to plague stock markets across the world with major indices in the U.S.falling over 1% on Friday.The benchmark Hang Seng opened 0.53% lower with shares of Xpeng, Nio and Baidu losing over 5% in morning trade. Alibaba shares lost over 1%.“Risk was firmly off in US markets as earnings results rolled in and the University of Michigan survey showed consumer inflation expectations rising for the first time in seven months,” ANZ Research said in a note.Company News: Alibaba is readying significant discounts and extra help for merchants in the run-up to this year’s Singles’ Day shopping extravaganza,reported the South China Morning Post.China’s biggest offshore oil and gas driller Cnooc Ltd. stated net profit probably more than doubled in the first nine months of the year, reported Bloomberg.Top Gainers and Losers: Li Ning Company Limited and JD.com were the top losers among Hang Seng constituents, having shed over 4% and 3%, respectively. China Mengniu Dairy Company Limited and Lenovo Group Limited were the top gainers, rising over 3% and 1.5%, respectively.Global News: U.S. futures traded in the green on Monday morning Asia session. The Dow Jones futures were up 0.42% while the Nasdaq futures gained 0.47%. The S&P 500 futures were up 0.46%.Elsewhere in Asia, Australia’s ASX 200 was down 1.44%. Japan’s Nikkei 225 lost 1.26% while China’s Shanghai Composite index was down 0.3%. South Korea’s Kospi fell 0.16%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":270,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9916487421,"gmtCreate":1664670566863,"gmtModify":1676537490469,"author":{"id":"4127309136508732","authorId":"4127309136508732","name":"cky92","avatar":"https://community-static.tradeup.com/news/30bf8de6f8868dfb35bef0e86df9a12b","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4127309136508732","authorIdStr":"4127309136508732"},"themes":[],"htmlText":"Noted","listText":"Noted","text":"Noted","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9916487421","repostId":"1154556291","repostType":2,"repost":{"id":"1154556291","pubTimestamp":1664670275,"share":"https://ttm.financial/m/news/1154556291?lang=&edition=fundamental","pubTime":"2022-10-02 08:24","market":"us","language":"en","title":"Adobe Stock: Figma Fears Overdone; Shares Oversold","url":"https://stock-news.laohu8.com/highlight/detail?id=1154556291","media":"TipRanks","summary":"Story HighlightsShares of Adobe have been facing accelerating losses amid the market carnage and the","content":"<div>\n<p>Story HighlightsShares of Adobe have been facing accelerating losses amid the market carnage and the $20 billion Figma deal. Though Adobe could have overpaid, the post-acquisition reaction seems ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/adobe-stock-nasdaqadbe-figma-fears-overdone-shares-oversold\">Web Link</a>\n\n</div>\n","source":"lsy1606183248679","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Adobe Stock: Figma Fears Overdone; Shares Oversold</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\">\nAdobe Stock: Figma Fears Overdone; Shares Oversold\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-02 08:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.tipranks.com/news/article/adobe-stock-nasdaqadbe-figma-fears-overdone-shares-oversold><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Story HighlightsShares of Adobe have been facing accelerating losses amid the market carnage and the $20 billion Figma deal. Though Adobe could have overpaid, the post-acquisition reaction seems ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/adobe-stock-nasdaqadbe-figma-fears-overdone-shares-oversold\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ADBE":"Adobe"},"source_url":"https://www.tipranks.com/news/article/adobe-stock-nasdaqadbe-figma-fears-overdone-shares-oversold","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154556291","content_text":"Story HighlightsShares of Adobe have been facing accelerating losses amid the market carnage and the $20 billion Figma deal. Though Adobe could have overpaid, the post-acquisition reaction seems absurdly overblown.Shares of creative software kingpin Adobe (NASDAQ: ADBE) have been feeling the full force of the market’s latest leg lower. Undoubtedly, the pain was amplified due to the Figma deal that investors (and certain designers) immediately soured on. Since the deal announcement, the stock has shed around 25% of its value. Worse, shares are off about 60% from their all-time highs of about $700 per share.The real question on investors’ minds is whether or not shares are undervalued. I think they are amid the market’s overreaction to higher interest rates and the sticker shock from the Figma deal, which, I believe, will blow over.Adobe’s Figma Acquisition: Investors Feeling the Buyer’s RemorseFigma is a collaborative UI (user interface) design application that’s won the hearts of UX (user experience) designers in recent years. Undoubtedly, Figma seems to be the perfect fit for Adobe, which has a wide range of industry-leading tools for designers and creatives. Still, the $20 billion (of cash and stock) price tag is jarring for a software company going for around 50x ARR (annual recurring revenue). Though the deal did not come cheap, I think Figma makes Adobe’s already impressive arsenal much better.In the creative space, Adobe’s portfolio is virtually unmatched. Despite the width of the company’s moat (which has been made even wider with Figma aboard), questions linger as to what the firm’s intentions are with such an aggressive M&A move.Undoubtedly, building a competing product probably would have been viewed more favorably by the value-conscious. Though there are sizeable synergies to be had by gaining access to the plethora of Figma users, the lofty price tag Adobe paid may limit any value creation for shareholders.Further, as the tech sell-off intensifies, there’s a significant risk that Adobe’s Figma deal could be viewed even less favorably.With so much pessimism baked into Adobe shares, I’m still inclined to take on a bullish stance on shares of ADBE. Sure, there’s a real risk Adobe overpaid for Figma. However, shares have contracted hugely over the past year. At a modest 28.2x trailing earnings, Adobe is close to the cheapest it’s been outside of a crisis.Arguably, Adobe’s new multiple is more than reasonable and could act as a new line in the sand as the rest of the tech industry continues to sag in the face of a rate-induced economic downturn.Figma Deal Shines a Light on Disruptive Potential of RivalsFigma is a red-hot design platform that virtually came from out of nowhere. Indeed, the intuitive interface and advanced feature set have made it a go-to pick within the industry. Although Adobe has sky-high barriers to entry surrounding its design tools, there’s a real risk that another firm could rise from the startup scene with hopes of challenging the applications within Adobe’s creative cloud.Indeed, the Photoshop and Illustrator platforms have stood the test of time. However, Adobe must stay on the cutting edge of innovation (think AI-leveraging features) to stay ahead in the new era of digital creativity. Further, the rise of the metaverse could give rise to a slew of rivals, all hungry to help build the future’s digital infrastructure.Adobe has done a great job of staying on its toes to keep any rivals at bay. Acquiring competitors with cash and stock is always a decent backup plan. As a growing $133 billion company, though, there’s always a chance that M&A moves could be blocked.The creative cloud is still firing on all cylinders. If anything, a recession may be less detrimental than the bears think, given how necessary Adobe’s platforms are to creative professionals.What is the Target Price for Adobe Stock?Turning to Wall Street, ADBE stock comes in as a Moderate Buy. Out of 26 analyst ratings, there are 12 Buys and 14 Hold recommendations.The average Adobe stock price target is $374.87, implying an upside potential of 34.7%. Analyst price targets range from a low of $310.00 per share to a high of $540.00 per share.Conclusion: Adobe’s Recent Drop Presents an OpportunityAdobe remains the gold standard in the creative space. Though the Figma deal is hated by investors and various analysts, I do think the discount on shares is too good to pass up for those who’ve been eyeing the name.With Figma, Adobe has a profoundly strong moat in the creative arena. Adobe also has the means to grow outside its traditional circle of competence with its marketing business. Add a further expansion of collaboration tools and the metaverse into the equation, and Adobe seems like the same attractive company it was just a year ago at all-time highs.The Figma deal complicates the valuation process, but investors should give management the benefit of the doubt. At today’s depressed multiples, there seems to be quite a bit of gain to be had by giving Adobe’s managers the benefit of the doubt.","news_type":1},"isVote":1,"tweetType":1,"viewCount":105,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9980533900,"gmtCreate":1665760915200,"gmtModify":1676537661436,"author":{"id":"4127309136508732","authorId":"4127309136508732","name":"cky92","avatar":"https://community-static.tradeup.com/news/30bf8de6f8868dfb35bef0e86df9a12b","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4127309136508732","authorIdStr":"4127309136508732"},"themes":[],"htmlText":"Oh no&nbsp;","listText":"Oh no&nbsp;","text":"Oh no","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9980533900","repostId":"1181359148","repostType":2,"repost":{"id":"1181359148","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1665760768,"share":"https://ttm.financial/m/news/1181359148?lang=&edition=fundamental","pubTime":"2022-10-14 23:19","market":"us","language":"en","title":"U.S. Stocks Exhausted Their Momentum in Morning Trading; Dow Jones Slid 0.57%, S&P 500 Fell 1.32% While Nasdaq Crashed 1.77%","url":"https://stock-news.laohu8.com/highlight/detail?id=1181359148","media":"Tiger Newspress","summary":"U.S. stocks exhausted their momentum in morning trading; Dow Jones slid 0.57%, S&P 500 fell 1.32% wh","content":"<html><head></head><body><p>U.S. stocks exhausted their momentum in morning trading; Dow Jones slid 0.57%, S&amp;P 500 fell 1.32% while Nasdaq crashed 1.77%.<img src=\"https://static.tigerbbs.com/d84a08de3ed7b9e2f0f24a0f248ea533\" tg-width=\"626\" tg-height=\"121\" width=\"100%\" height=\"auto\"/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. Stocks Exhausted Their Momentum in Morning Trading; Dow Jones Slid 0.57%, S&P 500 Fell 1.32% While Nasdaq Crashed 1.77%</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\">\nU.S. Stocks Exhausted Their Momentum in Morning Trading; Dow Jones Slid 0.57%, S&P 500 Fell 1.32% While Nasdaq Crashed 1.77%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-10-14 23:19</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>U.S. stocks exhausted their momentum in morning trading; Dow Jones slid 0.57%, S&amp;P 500 fell 1.32% while Nasdaq crashed 1.77%.<img src=\"https://static.tigerbbs.com/d84a08de3ed7b9e2f0f24a0f248ea533\" tg-width=\"626\" tg-height=\"121\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181359148","content_text":"U.S. stocks exhausted their momentum in morning trading; Dow Jones slid 0.57%, S&P 500 fell 1.32% while Nasdaq crashed 1.77%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":32,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9917133538,"gmtCreate":1665449465825,"gmtModify":1676537607715,"author":{"id":"4127309136508732","authorId":"4127309136508732","name":"cky92","avatar":"https://community-static.tradeup.com/news/30bf8de6f8868dfb35bef0e86df9a12b","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4127309136508732","authorIdStr":"4127309136508732"},"themes":[],"htmlText":"👌","listText":"👌","text":"👌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9917133538","repostId":"2274593322","repostType":2,"repost":{"id":"2274593322","pubTimestamp":1665447527,"share":"https://ttm.financial/m/news/2274593322?lang=&edition=fundamental","pubTime":"2022-10-11 08:18","market":"us","language":"en","title":"Apple’s iPad Sales Could Fall This Year and Next, Analyst Says","url":"https://stock-news.laohu8.com/highlight/detail?id=2274593322","media":"Barron's","summary":"A jump in sales of Apple iPads during the pandemic could translate into lower sales of the devices t","content":"<html><head></head><body><p>A jump in sales of Apple iPads during the pandemic could translate into lower sales of the devices this year and next, BofA Securities says.</p><p>Apple (ticker: AAPL) had a busy September. At the beginning of the month, the tech giant unveiled a handful of new products at its “Far Out” event, including new Apple Watches, AirPods, and the iPhone 14. News surrounding the new phones has made headlines in recent weeks, as Initial data showed that demand for the more expensive iPhone 14 Pro and Pro Max models was stronger than for the base iPhone 14 and iPhone 14 Plus options.</p><p>Then, an analyst from Jefferies wrote that demand for the iPhone 14 appeared not to be as strong as expected in China. And Bloomberg reported that Apple reversed plans to boost production of the phones later this year.</p><p>Following the Bloomberg report, BofA analyst Wamsi Mohan downgraded shares of Apple to Neutral from Buy with a $160 price target, saying a slowdown in consumer spending could hit sales of both services and hardware.. On Monday, Mohan cited new concerns about sales of the iPad.</p><p>“Although the device continues to attract a high proportion of new users (about 50% of purchasers in any quarter even pre-pandemic were new to the device), replacement rates remain muted,” Mohan wrote in a research note Monday. “We see this as a function of the category being in structural decline.”</p><p>Mohan wrote that according to BofA Securities’ analysis, about 41.8 million excess iPads were sold in 2020 to 2022, partly due to new demand but also because customers replaced their devices faster as they worked and took classes from home.</p><p>“In our view, a quarter of the incremental sales are linked to quicker replacements, which we expect to result in year over year declines in iPad units shipped in 2022 and 2023,” Mohan wrote. But “if post-pandemic work/study trends result in an inherent change in customer behavior and increase replacement levels, there could be upside to our iPad outlook for 2024.”</p><p>The company didn’t immediately reply to a request for comment.</p><p>At the same time, the analyst said, the average sales price of iPads could drop as customers deal with the current red-hot inflation. “2023 ASP should trend lower vs. 2022 as lower-end iPads increase as proportion of sales in a weaker consumer environment,” he wrote.</p><p>In the company’s fiscal third quarter, the iPad accounted for $7.2 billion of revenue for the company. Apple posted total sales of $83 billion.</p><p>Apple stock rose 0.2% on Monday, while the S&amp;P 500 fell 0.8%. The stock has fallen 21% in 2022.</p><p>The company is scheduled to report fourth-quarter results on Oct. 27.</p></body></html>","source":"lsy1610680873436","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple’s iPad Sales Could Fall This Year and Next, Analyst Says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple’s iPad Sales Could Fall This Year and Next, Analyst Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-11 08:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/apple-ipad-sales-outlook-51665425746?mod=hp_LATEST><strong>Barron's</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A jump in sales of Apple iPads during the pandemic could translate into lower sales of the devices this year and next, BofA Securities says.Apple (ticker: AAPL) had a busy September. At the beginning ...</p>\n\n<a href=\"https://www.barrons.com/articles/apple-ipad-sales-outlook-51665425746?mod=hp_LATEST\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.barrons.com/articles/apple-ipad-sales-outlook-51665425746?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2274593322","content_text":"A jump in sales of Apple iPads during the pandemic could translate into lower sales of the devices this year and next, BofA Securities says.Apple (ticker: AAPL) had a busy September. At the beginning of the month, the tech giant unveiled a handful of new products at its “Far Out” event, including new Apple Watches, AirPods, and the iPhone 14. News surrounding the new phones has made headlines in recent weeks, as Initial data showed that demand for the more expensive iPhone 14 Pro and Pro Max models was stronger than for the base iPhone 14 and iPhone 14 Plus options.Then, an analyst from Jefferies wrote that demand for the iPhone 14 appeared not to be as strong as expected in China. And Bloomberg reported that Apple reversed plans to boost production of the phones later this year.Following the Bloomberg report, BofA analyst Wamsi Mohan downgraded shares of Apple to Neutral from Buy with a $160 price target, saying a slowdown in consumer spending could hit sales of both services and hardware.. On Monday, Mohan cited new concerns about sales of the iPad.“Although the device continues to attract a high proportion of new users (about 50% of purchasers in any quarter even pre-pandemic were new to the device), replacement rates remain muted,” Mohan wrote in a research note Monday. “We see this as a function of the category being in structural decline.”Mohan wrote that according to BofA Securities’ analysis, about 41.8 million excess iPads were sold in 2020 to 2022, partly due to new demand but also because customers replaced their devices faster as they worked and took classes from home.“In our view, a quarter of the incremental sales are linked to quicker replacements, which we expect to result in year over year declines in iPad units shipped in 2022 and 2023,” Mohan wrote. But “if post-pandemic work/study trends result in an inherent change in customer behavior and increase replacement levels, there could be upside to our iPad outlook for 2024.”The company didn’t immediately reply to a request for comment.At the same time, the analyst said, the average sales price of iPads could drop as customers deal with the current red-hot inflation. “2023 ASP should trend lower vs. 2022 as lower-end iPads increase as proportion of sales in a weaker consumer environment,” he wrote.In the company’s fiscal third quarter, the iPad accounted for $7.2 billion of revenue for the company. Apple posted total sales of $83 billion.Apple stock rose 0.2% on Monday, while the S&P 500 fell 0.8%. The stock has fallen 21% in 2022.The company is scheduled to report fourth-quarter results on Oct. 27.","news_type":1},"isVote":1,"tweetType":1,"viewCount":97,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9984108862,"gmtCreate":1667551436357,"gmtModify":1676537936481,"author":{"id":"4127309136508732","authorId":"4127309136508732","name":"cky92","avatar":"https://community-static.tradeup.com/news/30bf8de6f8868dfb35bef0e86df9a12b","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4127309136508732","authorIdStr":"4127309136508732"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9984108862","repostId":"1105116140","repostType":2,"repost":{"id":"1105116140","pubTimestamp":1667550709,"share":"https://ttm.financial/m/news/1105116140?lang=&edition=fundamental","pubTime":"2022-11-04 16:31","market":"us","language":"en","title":"Here Is The Price I'll Start Buying Microsoft","url":"https://stock-news.laohu8.com/highlight/detail?id=1105116140","media":"seekingalpha","summary":"SummaryMicrosoft stock has lost a third of its peak value and is now low enough to examine for poten","content":"<html><head></head><body><p>Summary</p><ul><li>Microsoft stock has lost a third of its peak value and is now low enough to examine for potential purchase.</li><li>In this article, I share my valuation process for Microsoft stock.</li><li>I also share my thoughts about how a recession could affect the stock price and the price range I would consider adding the stock to my portfolio.</li></ul><h3>My Valuation Method For Microsoft</h3><p>The valuation method I use for Microsoft first checks to see how cyclical earnings have been historically. Once it is determined that earnings aren&#39;t too cyclical, then I use a combination of earnings, earnings growth, and P/E mean reversion to estimate future returns based on previous earnings growth and sentiment patterns. I take those expectations and apply them 10 years into the future, and then convert the results into an expected CAGR percentage. If the expected return is really good, I will buy the stock, and if it&#39;s really low, I will often sell the stock. In this article, I will take readers through each step of this process.</p><p>Importantly, once it is established that a business has a long history of relatively stable and predictable earnings growth, it doesn&#39;t really matter to me what the business does. If it consistently makes more money over the course of each economic cycle, that&#39;s what I care about the most.</p><p><img src=\"https://static.tigerbbs.com/bd2616262154bcd955f95bc22536731d\" tg-width=\"640\" tg-height=\"322\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>FAST Graphs</p><p>Over the past 20 years Microsoft has only experienced two years of EPS declines, once during the recession of 2009, when earnings fell -12% and once in 2013 when earnings fell a modest -7%. Every other year Microsoft has grown its earnings per share from one year to the next. I would categorize this as very low earnings cyclicality. Based on that, it is appropriate to use a fundamental analysis using earnings to value the stock, and that&#39;s what I&#39;ll do in this article. (If earnings had been more cyclical, I would use a different valuation technique.)</p><h3>Microsoft Stock -- Market Sentiment Return Expectations</h3><p>In order to estimate what sort of returns we might expect over the next 10 years, let&#39;s begin by examining what return we could expect 10 years from now if the P/E multiple were to revert to its mean from the previous economic cycle. For this, I&#39;m using a period that runs from 2015-2023.</p><p><img src=\"https://static.tigerbbs.com/d94dcdf085e19d4d955dded938282951\" tg-width=\"640\" tg-height=\"531\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>FAST Graphs</p><p>Microsoft&#39;s average P/E from 2015 to the present has been about 24.49 (the blue number circled in gold near the bottom of the FAST Graph). Using 2023&#39;s forward earnings estimates of $9.51 Microsoft has a current P/E of 23.82. If that 23.82 P/E were to revert to the average P/E of 24.49 over the course of the next 10 years and everything else was held the same, MSFT&#39;s price would rise and it would produce a 10-Year CAGR of<i>+0.31%.</i>That&#39;s the annual return we can expect from sentiment mean reversion if it takes 10 years to revert. If it takes less time to revert, the return would be higher.</p><h3>Business Earnings Expectations</h3><p>We previously examined what would happen if market sentiment reverted to the mean. This is entirely determined by the mood of the market and is quite often disconnected, or only loosely connected, to the performance of the actual business. In this section, we will examine the actual earnings of the business. The goal here is simple: We want to know how much money we would earn (expressed in the form of a CAGR %) over the course of 10 years if we bought the business at today&#39;s prices and kept all of the earnings for ourselves.</p><p>There are two main components of this: the first is the earnings yield and the second is the rate at which the earnings can be expected to grow. Let&#39;s start with the earnings yield (which is an inverted P/E ratio, so the Earnings/Price ratio). The current earnings yield is about +4.20%. The way I like to think about this is, if I bought the company&#39;s whole business right now for $100, I would earn $4.20 per year on my investment if earnings remained the same for the next 10 years.</p><p>The next step is to estimate the company&#39;s earnings growth during this time period. I do that by figuring out at what rate earnings grew during the last cycle and applying that rate to the next 10 years. This involves calculating the historical EPS growth rate, taking into account each year&#39;s EPS growth or decline, and then backing out any share buybacks that occurred over that time period (because reducing shares will increase the EPS due to fewer shares).</p><p><img src=\"https://static.tigerbbs.com/dc823ca5b80a2b444fcb0e0937e9d710\" tg-width=\"635\" tg-height=\"417\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Data by YCharts</p><p>Microsoft has reduced its shares outstanding by about 9% over this time period. I will make adjustments for these buybacks when calculating their earnings growth. After doing so, I get an estimated earnings growth rate for Microsoft during this period of +14.07%, which is very good. Because of my buyback adjustments that number is a little more conservative than FAST Graph&#39;s +15.72%, but it&#39;s worth noting that we never really had a &#34;true&#34; recession from 2015 to 2022 either, so I actually view my current estimate as a little on the optimistic side since Microsoft&#39;s earnings will probably experience at least some decline if we experience a recession, even if the decline is not super deep.</p><p>Next, I&#39;ll apply that growth rate to current earnings, looking forward 10 years in order to get a final 10-year CAGR estimate. The way I think about this is, if I bought Microsoft&#39;s whole business for $100, it would pay me back $4.20 plus +14.07% growth the first year, and that amount would grow at +14.07% per year for 10 years after that. I want to know how much money I would have in total at the end of 10 years on my $100 investment, which I calculate to be about $193.40 including the original $100. When I plug that growth into a CAGR calculator, that translates to a<i>+6.82%</i>10-year CAGR estimate for the expected business earnings returns.</p><h3>10-Year, Full-Cycle CAGR Estimate</h3><p>Potential future returns can come from two main places: market sentiment returns or business earnings returns. If we assume that market sentiment reverts to the mean from the last cycle over the next 10 years for Microsoft, it will produce a +0.31% CAGR. If the earnings yield and growth are similar to the last cycle, the company should produce somewhere around a +6.82% 10-year CAGR. If we put the two together, we get an expected 10-year, full-cycle CAGR of<i>+7.13%</i>at today&#39;s price.</p><p>My Buy/Sell/Hold range for this category of stocks is: above a 12% CAGR is a Buy, below a 4% expected CAGR is a Sell, and in between 4% and 12% is a Hold. A +7.13% expected CAGR makes Microsoft stock a &#34;Hold&#34; using these assumptions and means it&#39;s roughly fairly valued here.</p><p>Assuming the estimates for 2023 earnings don&#39;t change (and they might) the price at which Microsoft stock would cross the 12% 10-year CAGR threshold and become a &#34;Buy&#34; is $165.80 per share, which is about -26% lower than where the stock trades today.</p><h3>Recession Considerations</h3><p>So far, I don&#39;t think Microsoft&#39;s earnings expectations contain realistic recession estimates, but they do look to be at least reasonably close if we avoid a recession and earnings stagnate a bit while digesting the end of economic stimulus.</p><p><img src=\"https://static.tigerbbs.com/eade0d6871674075784b02a78ba5afcf\" tg-width=\"640\" tg-height=\"327\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>FAST Graphs</p><p>Currently, the market expects $9.51 of EPS for 2023. If the EPS growth trend of +13.87% leading into the pandemic stimulus would have continued without stimulus, we would have expected Microsoft to earn about $8.50 per share in 2023, which is a little bit lower than analysts expect right now, but at least in the same ballpark. What I expect to happen over the next three quarters is for analysts to lower their expectations from where they are now, down to something closer to $8.50. If that were to happen, it would lower my &#34;buy price&#34; down to about $148 per share, and this is probably my base case of what to expect in the first half of 2023. But since there is a pretty big distance between the current trading price and my current buy price, I probably have time to wait and see what the next earnings report looks like and get more information before making these adjustments to my buy price.</p><p>What I&#39;m not taking into account with that buy price are any earnings and stock price declines caused by an actual recession (rather than the stimulus earnings trend reverting to normal). A recession scenario<i>could</i>be a much more bearish scenario, so I feel obligated to share it.</p><p><img src=\"https://static.tigerbbs.com/a7883cb9bceb7a10ee04ca05dae0ae8e\" tg-width=\"640\" tg-height=\"322\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>FAST Graphs</p><p>If we go back to the Great Recession in 2008/9, leading into that recession Microsoft had a peak P/E ratio of about 23, and from peak to trough, the stock price fell about -60% off its highs even though EPS only declined -12% at its worst. At one point Microsoft traded at a P/E under 10. The potentially concerning part about the current downturn is that Microsoft&#39;s peak P/E was about 40, nearly double the 2007 peak P/E. This leaves room for a lot more multiple compression and downside price movement.</p><p><img src=\"https://static.tigerbbs.com/1e65a177086d233dba667f7c9b6da760\" tg-width=\"640\" tg-height=\"309\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>FAST Graph</p><p>In the forecasting graph above, I assumed a much more optimistic (and perhaps more reasonable) 15 P/E ratio for Microsoft in a recession and used the very generous EPS estimate of $9.51. This still resulted in a -50% drawdown from where the stock trades today. And, if earnings growth declines as I expect it to do, that would lower the expected price even more.</p><p>As I&#39;m sure many will point out, Microsoft is a different business than it was in 2007. And that&#39;s true. Additionally, even though I expect a recession in 2023, I don&#39;t yet expect it to be as bad as in 2008. But the assumptions above don&#39;t even assume an earnings decline and aren&#39;t nearly as pessimistic with the trough P/E as 2008 either. So, I just think it&#39;s important for Microsoft investors to know what is possible over the next year or two, and that because Microsoft was valued so richly going into this decline, the stock price could have a long way to fall and investors should be prepared for it. It&#39;s also worth noting that the current interest rate environment is much closer to that of 2008 than it is of 2020 as well.</p><h3>Conclusion</h3><p>Given what we know today about earnings expectations for 2023, my current buy price for Microsoft is $165.80, but I expect over the next several months for that buy price to fall down closer to $148.00 as earnings disappoint and the wider economy weakens in 2023. The $148.00 price has a relatively high chance of hitting, and I&#39;ll likely buy around there, but I will have no illusion that will necessarily be the bottom for the stock. If the recession is worse than expected the price could easily go lower, but with a business as high quality as Microsoft, I would hold through any additional downturn at that point because I have no doubt they will eventually recover.</p><p>An additional portfolio consideration is that I usually take 1% initial portfolio-weighted positions, and the last time I checked Microsoft was about a 5% weighting in the S&amp;P 500. If I bought at $148, and the price took a 2008-style dive deeper, I would feel comfortable adding a second 1% weighted Microsoft position even though it&#39;s not something I do very often. So, I view the $148 to $166 range of the next 3-4 months as having a very high probability of hitting and giving me a chance to add Microsoft to my portfolio at a decent price. But investors need to be aware the stock could go lower than that, and potentially be prepared to buy a second tranche if it does.</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>Here Is The Price I'll Start Buying Microsoft</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\">\nHere Is The Price I'll Start Buying Microsoft\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-04 16:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4552603-here-is-the-price-ill-start-buying-microsoft><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryMicrosoft stock has lost a third of its peak value and is now low enough to examine for potential purchase.In this article, I share my valuation process for Microsoft stock.I also share my ...</p>\n\n<a href=\"https://seekingalpha.com/article/4552603-here-is-the-price-ill-start-buying-microsoft\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软"},"source_url":"https://seekingalpha.com/article/4552603-here-is-the-price-ill-start-buying-microsoft","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1105116140","content_text":"SummaryMicrosoft stock has lost a third of its peak value and is now low enough to examine for potential purchase.In this article, I share my valuation process for Microsoft stock.I also share my thoughts about how a recession could affect the stock price and the price range I would consider adding the stock to my portfolio.My Valuation Method For MicrosoftThe valuation method I use for Microsoft first checks to see how cyclical earnings have been historically. Once it is determined that earnings aren't too cyclical, then I use a combination of earnings, earnings growth, and P/E mean reversion to estimate future returns based on previous earnings growth and sentiment patterns. I take those expectations and apply them 10 years into the future, and then convert the results into an expected CAGR percentage. If the expected return is really good, I will buy the stock, and if it's really low, I will often sell the stock. In this article, I will take readers through each step of this process.Importantly, once it is established that a business has a long history of relatively stable and predictable earnings growth, it doesn't really matter to me what the business does. If it consistently makes more money over the course of each economic cycle, that's what I care about the most.FAST GraphsOver the past 20 years Microsoft has only experienced two years of EPS declines, once during the recession of 2009, when earnings fell -12% and once in 2013 when earnings fell a modest -7%. Every other year Microsoft has grown its earnings per share from one year to the next. I would categorize this as very low earnings cyclicality. Based on that, it is appropriate to use a fundamental analysis using earnings to value the stock, and that's what I'll do in this article. (If earnings had been more cyclical, I would use a different valuation technique.)Microsoft Stock -- Market Sentiment Return ExpectationsIn order to estimate what sort of returns we might expect over the next 10 years, let's begin by examining what return we could expect 10 years from now if the P/E multiple were to revert to its mean from the previous economic cycle. For this, I'm using a period that runs from 2015-2023.FAST GraphsMicrosoft's average P/E from 2015 to the present has been about 24.49 (the blue number circled in gold near the bottom of the FAST Graph). Using 2023's forward earnings estimates of $9.51 Microsoft has a current P/E of 23.82. If that 23.82 P/E were to revert to the average P/E of 24.49 over the course of the next 10 years and everything else was held the same, MSFT's price would rise and it would produce a 10-Year CAGR of+0.31%.That's the annual return we can expect from sentiment mean reversion if it takes 10 years to revert. If it takes less time to revert, the return would be higher.Business Earnings ExpectationsWe previously examined what would happen if market sentiment reverted to the mean. This is entirely determined by the mood of the market and is quite often disconnected, or only loosely connected, to the performance of the actual business. In this section, we will examine the actual earnings of the business. The goal here is simple: We want to know how much money we would earn (expressed in the form of a CAGR %) over the course of 10 years if we bought the business at today's prices and kept all of the earnings for ourselves.There are two main components of this: the first is the earnings yield and the second is the rate at which the earnings can be expected to grow. Let's start with the earnings yield (which is an inverted P/E ratio, so the Earnings/Price ratio). The current earnings yield is about +4.20%. The way I like to think about this is, if I bought the company's whole business right now for $100, I would earn $4.20 per year on my investment if earnings remained the same for the next 10 years.The next step is to estimate the company's earnings growth during this time period. I do that by figuring out at what rate earnings grew during the last cycle and applying that rate to the next 10 years. This involves calculating the historical EPS growth rate, taking into account each year's EPS growth or decline, and then backing out any share buybacks that occurred over that time period (because reducing shares will increase the EPS due to fewer shares).Data by YChartsMicrosoft has reduced its shares outstanding by about 9% over this time period. I will make adjustments for these buybacks when calculating their earnings growth. After doing so, I get an estimated earnings growth rate for Microsoft during this period of +14.07%, which is very good. Because of my buyback adjustments that number is a little more conservative than FAST Graph's +15.72%, but it's worth noting that we never really had a \"true\" recession from 2015 to 2022 either, so I actually view my current estimate as a little on the optimistic side since Microsoft's earnings will probably experience at least some decline if we experience a recession, even if the decline is not super deep.Next, I'll apply that growth rate to current earnings, looking forward 10 years in order to get a final 10-year CAGR estimate. The way I think about this is, if I bought Microsoft's whole business for $100, it would pay me back $4.20 plus +14.07% growth the first year, and that amount would grow at +14.07% per year for 10 years after that. I want to know how much money I would have in total at the end of 10 years on my $100 investment, which I calculate to be about $193.40 including the original $100. When I plug that growth into a CAGR calculator, that translates to a+6.82%10-year CAGR estimate for the expected business earnings returns.10-Year, Full-Cycle CAGR EstimatePotential future returns can come from two main places: market sentiment returns or business earnings returns. If we assume that market sentiment reverts to the mean from the last cycle over the next 10 years for Microsoft, it will produce a +0.31% CAGR. If the earnings yield and growth are similar to the last cycle, the company should produce somewhere around a +6.82% 10-year CAGR. If we put the two together, we get an expected 10-year, full-cycle CAGR of+7.13%at today's price.My Buy/Sell/Hold range for this category of stocks is: above a 12% CAGR is a Buy, below a 4% expected CAGR is a Sell, and in between 4% and 12% is a Hold. A +7.13% expected CAGR makes Microsoft stock a \"Hold\" using these assumptions and means it's roughly fairly valued here.Assuming the estimates for 2023 earnings don't change (and they might) the price at which Microsoft stock would cross the 12% 10-year CAGR threshold and become a \"Buy\" is $165.80 per share, which is about -26% lower than where the stock trades today.Recession ConsiderationsSo far, I don't think Microsoft's earnings expectations contain realistic recession estimates, but they do look to be at least reasonably close if we avoid a recession and earnings stagnate a bit while digesting the end of economic stimulus.FAST GraphsCurrently, the market expects $9.51 of EPS for 2023. If the EPS growth trend of +13.87% leading into the pandemic stimulus would have continued without stimulus, we would have expected Microsoft to earn about $8.50 per share in 2023, which is a little bit lower than analysts expect right now, but at least in the same ballpark. What I expect to happen over the next three quarters is for analysts to lower their expectations from where they are now, down to something closer to $8.50. If that were to happen, it would lower my \"buy price\" down to about $148 per share, and this is probably my base case of what to expect in the first half of 2023. But since there is a pretty big distance between the current trading price and my current buy price, I probably have time to wait and see what the next earnings report looks like and get more information before making these adjustments to my buy price.What I'm not taking into account with that buy price are any earnings and stock price declines caused by an actual recession (rather than the stimulus earnings trend reverting to normal). A recession scenariocouldbe a much more bearish scenario, so I feel obligated to share it.FAST GraphsIf we go back to the Great Recession in 2008/9, leading into that recession Microsoft had a peak P/E ratio of about 23, and from peak to trough, the stock price fell about -60% off its highs even though EPS only declined -12% at its worst. At one point Microsoft traded at a P/E under 10. The potentially concerning part about the current downturn is that Microsoft's peak P/E was about 40, nearly double the 2007 peak P/E. This leaves room for a lot more multiple compression and downside price movement.FAST GraphIn the forecasting graph above, I assumed a much more optimistic (and perhaps more reasonable) 15 P/E ratio for Microsoft in a recession and used the very generous EPS estimate of $9.51. This still resulted in a -50% drawdown from where the stock trades today. And, if earnings growth declines as I expect it to do, that would lower the expected price even more.As I'm sure many will point out, Microsoft is a different business than it was in 2007. And that's true. Additionally, even though I expect a recession in 2023, I don't yet expect it to be as bad as in 2008. But the assumptions above don't even assume an earnings decline and aren't nearly as pessimistic with the trough P/E as 2008 either. So, I just think it's important for Microsoft investors to know what is possible over the next year or two, and that because Microsoft was valued so richly going into this decline, the stock price could have a long way to fall and investors should be prepared for it. It's also worth noting that the current interest rate environment is much closer to that of 2008 than it is of 2020 as well.ConclusionGiven what we know today about earnings expectations for 2023, my current buy price for Microsoft is $165.80, but I expect over the next several months for that buy price to fall down closer to $148.00 as earnings disappoint and the wider economy weakens in 2023. The $148.00 price has a relatively high chance of hitting, and I'll likely buy around there, but I will have no illusion that will necessarily be the bottom for the stock. If the recession is worse than expected the price could easily go lower, but with a business as high quality as Microsoft, I would hold through any additional downturn at that point because I have no doubt they will eventually recover.An additional portfolio consideration is that I usually take 1% initial portfolio-weighted positions, and the last time I checked Microsoft was about a 5% weighting in the S&P 500. If I bought at $148, and the price took a 2008-style dive deeper, I would feel comfortable adding a second 1% weighted Microsoft position even though it's not something I do very often. So, I view the $148 to $166 range of the next 3-4 months as having a very high probability of hitting and giving me a chance to add Microsoft to my portfolio at a decent price. But investors need to be aware the stock could go lower than that, and potentially be prepared to buy a second tranche if it does.","news_type":1},"isVote":1,"tweetType":1,"viewCount":467,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9980533529,"gmtCreate":1665760972161,"gmtModify":1676537661460,"author":{"id":"4127309136508732","authorId":"4127309136508732","name":"cky92","avatar":"https://community-static.tradeup.com/news/30bf8de6f8868dfb35bef0e86df9a12b","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4127309136508732","authorIdStr":"4127309136508732"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9980533529","repostId":"1150944805","repostType":2,"repost":{"id":"1150944805","pubTimestamp":1665760924,"share":"https://ttm.financial/m/news/1150944805?lang=&edition=fundamental","pubTime":"2022-10-14 23:22","market":"us","language":"en","title":"Palantir: Karp Bets Heavy On Apollo","url":"https://stock-news.laohu8.com/highlight/detail?id=1150944805","media":"Seeking Alpha","summary":"SummaryThe market underestimates the ability of Palantir’s Apollo to create additional shareholder v","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>The market underestimates the ability of Palantir’s Apollo to create additional shareholder value in the long run.</li><li>As organizations become more complex, the need for autonomous software deployment is going to increase, creating a monetary opportunity for Palantir thanks to its expertise in developing AI-based solutions.</li><li>This article highlights the untapped opportunities that Palantir is about to materialize, which in the end could lead to an appreciation of its share price in the foreseeable future.</li></ul><p>As corporations and institutions continue to grow in size, and at the same time begin to adapt to the new reality in which capital becomes scarce while the geopolitical uncertainties create new possibilities for additional supply chain disruptions, it becomes crucial for them to ensure that their software runs uninterrupted and is constantly up to date. While the migration of their data into the cloud in recent years helped them to digitize their processes and scale their operations, the changing environment now forces them to look for solutions that would make sure that their businesses could weather any upcoming challenges with relative ease.</p><p>That&#39;s where Palantir Technologies Inc.&#39;s (NYSE: PLTR) Apollo comes into play. As a standalone product, Apollo is able to autonomously deploy custom-made software and security updates to various environments of different organizations in real time, which ensures the safety and continuous operation of critical systems of Palantir&#39;s clients. Thanks to this, Apollo could be considered a one-of-a-kind solution for big organizations that rely on the continuous deployment of software and security updates to run their global operations in challenging environments. As a result, there&#39;s a real possibility that as the total addressable market for such a solution increases with each year, Palantir would be able to continue to expand its business even in the current turbulent environment, which could lead to the appreciation of its shares in the long run.</p><p><b>The Power of Apollo</b></p><p>A lot of the discussions about Palantir focus on highlighting the advantages of the company&#39;s two major platforms Gotham and Foundry, which could are considered to be operating systems for governmental organizations and commercial enterprises that are used for data integration and big data analytics. While both of those platforms have been major drivers of growth for Palantir&#39;s business in recent years, and I have extensively covered them in my other articles in the last few months, Apollo has been considered a silent third platform of the company that wasn&#39;t discussed as much as the others. However, there&#39;s a possibility that this could change soon, as Apollo has all the chances to scale Palantir&#39;s business in the foreseeable future and help it to accelerate the onboarding of new clients.</p><p>To understand what Apollo really is it&#39;s better to take a look at how Palantir describes itself. In its latest 10-Qreport, Palantir stated the following:</p><blockquote>Apollo is a cloud-agnostic, single control layer that coordinates ongoing delivery of new features, security updates, and platform configurations, helping to ensure the continuous operation of critical systems.</blockquote><p>At first, Palantir built Apollo for in-house use to help the company to speed up the process of integrating Gotham and Foundry into the organizations of its new clients. As an automated platform for continuous deployment, Apollo evolved to become a standalone product in 2021 and is now able to be used within third-party platforms to provide updates for custom-built software solutions in virtually any environment. As a result, Apollo gives Palantir the ability to substantially increase the number of new clients, as it could successfully deploy custom-built updates with relative ease.</p><p>That&#39;s why in his letter to shareholders, Palantir&#39;s CEO Alex Karp has been stressing the importance of Apollo for Palantir and how it could be as important for the business as Gotham and Foundry are by saying the following:</p><blockquote>We believe that the demand from large enterprises for a software delivery and maintenance solution that is platform agnostic will be as significant as the demand for the underlying data integration and analytical capabilities themselves.</blockquote><p>One of the biggest advantages of Apollo is that it replaces the need for its potential customers to build in-house continuous integration/continuous delivery (CI/CD) capabilities. Instead, the potential customers are able to focus on developing the software itself and then outsource the deployment of that software to Palantir without increasing their headcount whatsoever.</p><p>What&#39;s also important to mention is that Palantir recently received an impact level 6 accreditation from the Department of Defense, which makes it possible for government contractors to use the company&#39;s solutions to store, share and interact with data of the highest level of authorization. Therefore, Palantir is only one of the few companies along with Microsoft Corporation (MSFT) and Amazon.com (AMZN) with the highest clearance level in the world, which gives its platforms, and Apollo in particular advantage against other platforms offered by different businesses in the DevOps and CI/CD space.</p><p>What we also know is that Apollo has already been able to deploy software and security updates in over 500 independently-released microservices across over 300 different environments. At the same time, there&#39;s also a possibility that those numbers are gradually increasing with each quarter, as Palantir continues to aggressively sign new customers and at the end of Q2 its customer count increased to 304, up from 169 a year ago.</p><p><b>What&#39;s Next?</b></p><p>Considering the capabilities of Apollo, the two major questions that investors could have in mind are how much revenue the platform is generating and what is its total addressable market. The first question is hard to answer because Palantir doesn&#39;t disclose the exact amount of revenue that each platform generates. However, we do know that aggressive growth in new customers occurred after Apollo has been released as a standalone product in 2021. At the same time, the fact that Palantir&#39;s CEO Alex Karp is saying that the demand for a software delivery and maintenance solution will be the same as the demand for a data integration platform could lead us to the conclusion that Apollo is going to have a greater impact on the business in the future.</p><p>As for the second question, we do know that Apollo is mostly a deployment solution for organizations that conduct their operations in the cloud. However, Apollo&#39;s main advantage is that in essence, it&#39;s a cloud-agnostic solution, and as a result, it can deploy software and security updates to entirely different environments that operate within multiple cloud platforms with relative ease. That&#39;s why Apollo could be considered a supercloud solution. Wikibondescribessuperclouds as follows:</p><blockquote>Supercloud describes an architecture that taps the underlying services &amp; primitives of hyperscale and other clouds to deliver additional value above and beyond what&#39;s available from a single public cloud provider. A supercloud delivers capabilities through software, consumed as services, and must span multiple cloud platforms, inclusive of on-prem clouds and edge installations.</blockquote><p>Considering that with each year the number of cloud vendors and cloud platforms increases and the overall cloud computing market is expected to grow at a CAGR of 17.43% by the end of the decade and be worth $1.6 trillion, it&#39;s safe to assume that the demand for a supercloud solution such as Apollo is also going to increase. As a result, there&#39;s a high possibility that Alex Karp would be right in his belief that there could be a significant demand for a solution such as Apollo in the future.</p><p>That&#39;s why I decided to slightly update my DCF model. In September, my DCF model showed that Palantir&#39;s fair value is $10.03 per share, which represents an upside of ~25% from the current levels. That model assumed that Palantir&#39;s top line would grow at 23.5% in FY22 and at 25% Y/Y in the following years, below the management&#39;s initial forecast of annual growth of 30% Y/Y through 2025. That model could be considered as a base-case scenario under which Palantir is still undervalued.</p><p>However, if Apollo manages to help Palantir aggressively scale its business in the future, then it makes sense to create an additional optimistic scenario under which the company grows at a greater rate. That&#39;s why in this new model the revenue is forecasted to increase by 23.5% Y/Y, while in the following years the top-line growth increases to the management&#39;s initial forecasts of an annual growth rate of 30%. All the other metrics remain the same as in the previous model where WACC is 8%, while the terminal growth rate is 3%.</p><p><img src=\"https://static.tigerbbs.com/e8945e8f8c5e950fd0f599af5911d429\" tg-width=\"894\" tg-height=\"458\" referrerpolicy=\"no-referrer\"/></p><p>Palantir&#39;s DCF Model (Historical Data: Seeking Alpha, Assumptions: Author)</p><p>According to this more optimistic model, Palantir&#39;s enterprise value appears to be $22.6 billion, while its implied share price is $12.08 per share, which represents an upside of ~50% from the current market price and creates a buying opportunity for long-term investors.</p><p><img src=\"https://static.tigerbbs.com/75359c541640018716a7c4979077aa4c\" tg-width=\"693\" tg-height=\"155\" referrerpolicy=\"no-referrer\"/></p><p>Palantir&#39;s DCF Model (Historical Data: Seeking Alpha, Assumptions: Author)</p><p><b>Risks</b></p><p>One of the downsides of Palantir is its high level of secrecy. Due to working with governmental agencies, the company can&#39;t disclose various contracts and relationships that it has with its clients. As a result, we don&#39;t know exactly how much revenue the company generates from each client. However, what&#39;s worse is that the company has also been actively investing in various SPACs last year. As a large portion of SPACs depreciated since the beginning of this year due to the worsening macroeconomic environment, there&#39;s a risk that Palantir could generate greater than expected losses from them in the foreseeable future. Even though the company closed its SPAC program earlier this year, the lack of transparency prevents investors from knowing how much the investments that were made in 2021 generated returns or lost capital, which could lead to weaker performance of the overall business than previously expected.</p><p>The other problem of Palantir is that as a growth stock, there&#39;s a real possibility that it could continue to depreciate or trade at distressed levels for as long as the Federal Reserve continues to increase interest rates to tame the rising inflation. As a result, while Palantir is undervalued at the current levels, it could remain to be undervalued for a while due to things that are outside of its control.</p><p><b>The Bottom Line</b></p><p>We&#39;ve entered a new period of global decoupling in which supply chains are being reorganized at the same time as the geopolitical uncertainties create new macroeconomic risks to organizations and institutions. As a result, in times like these, it becomes crucial to have a solution such as Apollo, which ensures that corporations and enterprises are able to deploy all the necessary software and security updates that make it possible for them to continue to operate in the current challenging environment with relative ease. That&#39;s why Palantir&#39;s CEO Alex Karp might be correct when he states that the demand for a solution such as Apollo could be as significant as the demand for other data analytics solutions that the company offers.</p><p>At the same time, considering that Palantir trades below its fair value both in the optimistic and in the base-case scenarios, long-term investors might use this as an opportunity to increase their exposure to the company at the current levels, as there&#39;s an indication that Apollo could greatly improve the business&#39;s performance in the foreseeable future.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Palantir: Karp Bets Heavy On Apollo</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\">\nPalantir: Karp Bets Heavy On Apollo\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-14 23:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4546472-palantir-karp-bets-heavy-on-apollo><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryThe market underestimates the ability of Palantir’s Apollo to create additional shareholder value in the long run.As organizations become more complex, the need for autonomous software ...</p>\n\n<a href=\"https://seekingalpha.com/article/4546472-palantir-karp-bets-heavy-on-apollo\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLTR":"Palantir Technologies Inc."},"source_url":"https://seekingalpha.com/article/4546472-palantir-karp-bets-heavy-on-apollo","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150944805","content_text":"SummaryThe market underestimates the ability of Palantir’s Apollo to create additional shareholder value in the long run.As organizations become more complex, the need for autonomous software deployment is going to increase, creating a monetary opportunity for Palantir thanks to its expertise in developing AI-based solutions.This article highlights the untapped opportunities that Palantir is about to materialize, which in the end could lead to an appreciation of its share price in the foreseeable future.As corporations and institutions continue to grow in size, and at the same time begin to adapt to the new reality in which capital becomes scarce while the geopolitical uncertainties create new possibilities for additional supply chain disruptions, it becomes crucial for them to ensure that their software runs uninterrupted and is constantly up to date. While the migration of their data into the cloud in recent years helped them to digitize their processes and scale their operations, the changing environment now forces them to look for solutions that would make sure that their businesses could weather any upcoming challenges with relative ease.That's where Palantir Technologies Inc.'s (NYSE: PLTR) Apollo comes into play. As a standalone product, Apollo is able to autonomously deploy custom-made software and security updates to various environments of different organizations in real time, which ensures the safety and continuous operation of critical systems of Palantir's clients. Thanks to this, Apollo could be considered a one-of-a-kind solution for big organizations that rely on the continuous deployment of software and security updates to run their global operations in challenging environments. As a result, there's a real possibility that as the total addressable market for such a solution increases with each year, Palantir would be able to continue to expand its business even in the current turbulent environment, which could lead to the appreciation of its shares in the long run.The Power of ApolloA lot of the discussions about Palantir focus on highlighting the advantages of the company's two major platforms Gotham and Foundry, which could are considered to be operating systems for governmental organizations and commercial enterprises that are used for data integration and big data analytics. While both of those platforms have been major drivers of growth for Palantir's business in recent years, and I have extensively covered them in my other articles in the last few months, Apollo has been considered a silent third platform of the company that wasn't discussed as much as the others. However, there's a possibility that this could change soon, as Apollo has all the chances to scale Palantir's business in the foreseeable future and help it to accelerate the onboarding of new clients.To understand what Apollo really is it's better to take a look at how Palantir describes itself. In its latest 10-Qreport, Palantir stated the following:Apollo is a cloud-agnostic, single control layer that coordinates ongoing delivery of new features, security updates, and platform configurations, helping to ensure the continuous operation of critical systems.At first, Palantir built Apollo for in-house use to help the company to speed up the process of integrating Gotham and Foundry into the organizations of its new clients. As an automated platform for continuous deployment, Apollo evolved to become a standalone product in 2021 and is now able to be used within third-party platforms to provide updates for custom-built software solutions in virtually any environment. As a result, Apollo gives Palantir the ability to substantially increase the number of new clients, as it could successfully deploy custom-built updates with relative ease.That's why in his letter to shareholders, Palantir's CEO Alex Karp has been stressing the importance of Apollo for Palantir and how it could be as important for the business as Gotham and Foundry are by saying the following:We believe that the demand from large enterprises for a software delivery and maintenance solution that is platform agnostic will be as significant as the demand for the underlying data integration and analytical capabilities themselves.One of the biggest advantages of Apollo is that it replaces the need for its potential customers to build in-house continuous integration/continuous delivery (CI/CD) capabilities. Instead, the potential customers are able to focus on developing the software itself and then outsource the deployment of that software to Palantir without increasing their headcount whatsoever.What's also important to mention is that Palantir recently received an impact level 6 accreditation from the Department of Defense, which makes it possible for government contractors to use the company's solutions to store, share and interact with data of the highest level of authorization. Therefore, Palantir is only one of the few companies along with Microsoft Corporation (MSFT) and Amazon.com (AMZN) with the highest clearance level in the world, which gives its platforms, and Apollo in particular advantage against other platforms offered by different businesses in the DevOps and CI/CD space.What we also know is that Apollo has already been able to deploy software and security updates in over 500 independently-released microservices across over 300 different environments. At the same time, there's also a possibility that those numbers are gradually increasing with each quarter, as Palantir continues to aggressively sign new customers and at the end of Q2 its customer count increased to 304, up from 169 a year ago.What's Next?Considering the capabilities of Apollo, the two major questions that investors could have in mind are how much revenue the platform is generating and what is its total addressable market. The first question is hard to answer because Palantir doesn't disclose the exact amount of revenue that each platform generates. However, we do know that aggressive growth in new customers occurred after Apollo has been released as a standalone product in 2021. At the same time, the fact that Palantir's CEO Alex Karp is saying that the demand for a software delivery and maintenance solution will be the same as the demand for a data integration platform could lead us to the conclusion that Apollo is going to have a greater impact on the business in the future.As for the second question, we do know that Apollo is mostly a deployment solution for organizations that conduct their operations in the cloud. However, Apollo's main advantage is that in essence, it's a cloud-agnostic solution, and as a result, it can deploy software and security updates to entirely different environments that operate within multiple cloud platforms with relative ease. That's why Apollo could be considered a supercloud solution. Wikibondescribessuperclouds as follows:Supercloud describes an architecture that taps the underlying services & primitives of hyperscale and other clouds to deliver additional value above and beyond what's available from a single public cloud provider. A supercloud delivers capabilities through software, consumed as services, and must span multiple cloud platforms, inclusive of on-prem clouds and edge installations.Considering that with each year the number of cloud vendors and cloud platforms increases and the overall cloud computing market is expected to grow at a CAGR of 17.43% by the end of the decade and be worth $1.6 trillion, it's safe to assume that the demand for a supercloud solution such as Apollo is also going to increase. As a result, there's a high possibility that Alex Karp would be right in his belief that there could be a significant demand for a solution such as Apollo in the future.That's why I decided to slightly update my DCF model. In September, my DCF model showed that Palantir's fair value is $10.03 per share, which represents an upside of ~25% from the current levels. That model assumed that Palantir's top line would grow at 23.5% in FY22 and at 25% Y/Y in the following years, below the management's initial forecast of annual growth of 30% Y/Y through 2025. That model could be considered as a base-case scenario under which Palantir is still undervalued.However, if Apollo manages to help Palantir aggressively scale its business in the future, then it makes sense to create an additional optimistic scenario under which the company grows at a greater rate. That's why in this new model the revenue is forecasted to increase by 23.5% Y/Y, while in the following years the top-line growth increases to the management's initial forecasts of an annual growth rate of 30%. All the other metrics remain the same as in the previous model where WACC is 8%, while the terminal growth rate is 3%.Palantir's DCF Model (Historical Data: Seeking Alpha, Assumptions: Author)According to this more optimistic model, Palantir's enterprise value appears to be $22.6 billion, while its implied share price is $12.08 per share, which represents an upside of ~50% from the current market price and creates a buying opportunity for long-term investors.Palantir's DCF Model (Historical Data: Seeking Alpha, Assumptions: Author)RisksOne of the downsides of Palantir is its high level of secrecy. Due to working with governmental agencies, the company can't disclose various contracts and relationships that it has with its clients. As a result, we don't know exactly how much revenue the company generates from each client. However, what's worse is that the company has also been actively investing in various SPACs last year. As a large portion of SPACs depreciated since the beginning of this year due to the worsening macroeconomic environment, there's a risk that Palantir could generate greater than expected losses from them in the foreseeable future. Even though the company closed its SPAC program earlier this year, the lack of transparency prevents investors from knowing how much the investments that were made in 2021 generated returns or lost capital, which could lead to weaker performance of the overall business than previously expected.The other problem of Palantir is that as a growth stock, there's a real possibility that it could continue to depreciate or trade at distressed levels for as long as the Federal Reserve continues to increase interest rates to tame the rising inflation. As a result, while Palantir is undervalued at the current levels, it could remain to be undervalued for a while due to things that are outside of its control.The Bottom LineWe've entered a new period of global decoupling in which supply chains are being reorganized at the same time as the geopolitical uncertainties create new macroeconomic risks to organizations and institutions. As a result, in times like these, it becomes crucial to have a solution such as Apollo, which ensures that corporations and enterprises are able to deploy all the necessary software and security updates that make it possible for them to continue to operate in the current challenging environment with relative ease. That's why Palantir's CEO Alex Karp might be correct when he states that the demand for a solution such as Apollo could be as significant as the demand for other data analytics solutions that the company offers.At the same time, considering that Palantir trades below its fair value both in the optimistic and in the base-case scenarios, long-term investors might use this as an opportunity to increase their exposure to the company at the current levels, as there's an indication that Apollo could greatly improve the business's performance in the foreseeable future.","news_type":1},"isVote":1,"tweetType":1,"viewCount":33,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9917472339,"gmtCreate":1665578108021,"gmtModify":1676537630277,"author":{"id":"4127309136508732","authorId":"4127309136508732","name":"cky92","avatar":"https://community-static.tradeup.com/news/30bf8de6f8868dfb35bef0e86df9a12b","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4127309136508732","authorIdStr":"4127309136508732"},"themes":[],"htmlText":"Goodles ftw","listText":"Goodles ftw","text":"Goodles ftw","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9917472339","repostId":"2274583523","repostType":2,"repost":{"id":"2274583523","pubTimestamp":1665588301,"share":"https://ttm.financial/m/news/2274583523?lang=&edition=fundamental","pubTime":"2022-10-12 23:25","market":"us","language":"en","title":"2 Stocks to Buy in October That Could Soar 87% to 114%, According to Wall Street","url":"https://stock-news.laohu8.com/highlight/detail?id=2274583523","media":"Motley Fool","summary":"Wall Street analysts are bullish on these growth stocks in spite of the bear market.","content":"<html><head></head><body><p>It has been a tough year for investors. The <b>S&amp;P 500</b> last peaked in early January, and the broad-based index has since lost 24% of its value, putting it in a bear market. But some Wall Street analysts view that downturn as a buying opportunity. For instance, <b>Alphabet</b> and <b>Okta</b> both have a consensus rating of buy among analysts right now.</p><p>Better yet, Tigress Financial analyst Ivan Feinseth has a price target of $186 per share on Alphabet, which implies an 87% upside. And Oppenheimer analyst Ittai Kidron has a price target of $115 per share on Okta, which implies a 114% upside.</p><p>Here&#39;s why these growth stocks are worth buying today.</p><h2>Alphabet: A powerbroker in the advertising industry</h2><p>Alphabet is the parent company of search giant Google, a business that commands so much loyalty that it can reasonably be called the gateway to the internet. In fact, Google currently holds more than 90% market share among search engines. But Google also owns the wildly popular online video platform YouTube, which is currently tied with <b>Netflix</b> as the top streaming service as measured by viewing time, according to <b>Nielsen</b>.</p><p>Google has used those highly engaging web properties to position itself as a powerbroker in the advertising industry. It collected a stunning 27.5% of global digital ad spend in 2020, and despite tough competition from tech companies like <b>Amazon</b> and <b>Alibaba</b>, Google will still hold 27.5% market share by 2023, according to eMarketer.</p><p>Meanwhile, Google is also gaining share in cloud computing. Google Cloud captured 8% of cloud infrastructure spending in the second quarter of 2022, up from 5% in the second quarter of 2019, according to Canalys. One of the drivers behind that success is its leadership in the data cloud market, which itself stems from expertise in analytics and artificial intelligence.</p><p>Not surprisingly, Alphabet has delivered stellar financial results like clockwork. Revenue climbed 26% to $278.1 billion in the past year, and free cash flow jumped 11% to $65.2 billion. But investors have good reason to believe that momentum will carry into the coming years.</p><p>Looking ahead, eMarketer says global digital ad spend will grow at nearly 10% per year to reach $876 billion by 2026, and Grand View Research estimates cloud computing spend will grow at nearly 16% per year to reach $1.6 trillion by 2030. That puts Alphabet in front of a massive market opportunity, and with shares trading at a reasonable 4.9 times sales -- a discount to the three-year average of 6.8 times sales -- now is a great time to buy this growth stock.</p><h2>Okta: The most comprehensive identity platform</h2><p>Okta specializes in identity and access management (IAM), a branch of cybersecurity that seeks to ensure only the right people can access applications and resources at the appropriate time. Its platform allows administrators to enforce contextual access policies based on factors like identity, device, and location, and it leans on artificial intelligence to measure risk and authenticate users.</p><p>Okta offers the most comprehensive IAM solution on the market, according to management. Its platform features over 7,000 prebuilt integrations that simplify adoption, making it easy for businesses to integrate identity into workforce applications like <b>Microsoft</b> 365 and <b>Salesforce</b>. Its platform also features developer tools -- acquired from Auth0 last year -- that allow businesses to embed identity into customer applications.</p><p>Unfortunately, the Auth0 integration has weighed on Okta&#39;s financial performance. Revenue climbed 57% to $1.6 billion over the past year, but free cash flow fell 81% to $23 million. Management recently addressed that issue by restructuring its product portfolio to simplify its go-to-market strategy. Investors should keep an eye on the situation, paying close attention to management&#39;s commentary regarding adoption of its customer identity cloud in the coming quarters.</p><p>On the other side of its business, Okta recently bolstered its workforce identity cloud with the launch of an identity governance and administration (IGA) product, Okta Identity Governance. That IGA solution simplifies auditing and compliance for customers, and it streamlines identity workflows with automation. Okta Identity Governance is now live in North America, and the global launch is slated for later this year. Also noteworthy, Okta has a privileged access management (PAM) product set to launch a few quarters down the road, further expanding its workforce identity cloud. PAM solutions are focused on securing superuser accounts and other highly privileged accounts.</p><p>Collectively, Okta&#39;s acquisition of Auth0 and its introduction of IGA and PAM solutions brings its total addressable market to $80 billion, leaving a long runway for growth. And with shares trading at 5.2 times sales -- a steep discount to the three-year average of 28.2 times sales -- now is a great time to buy this stock.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>2 Stocks to Buy in October That Could Soar 87% to 114%, According to Wall Street</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n2 Stocks to Buy in October That Could Soar 87% to 114%, According to Wall Street\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-12 23:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/10/11/2-stocks-to-buy-that-could-soar-115-wall-street/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It has been a tough year for investors. The S&P 500 last peaked in early January, and the broad-based index has since lost 24% of its value, putting it in a bear market. But some Wall Street analysts ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/10/11/2-stocks-to-buy-that-could-soar-115-wall-street/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"OKTA":"Okta Inc.","GOOGL":"谷歌A","GOOG":"谷歌"},"source_url":"https://www.fool.com/investing/2022/10/11/2-stocks-to-buy-that-could-soar-115-wall-street/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2274583523","content_text":"It has been a tough year for investors. The S&P 500 last peaked in early January, and the broad-based index has since lost 24% of its value, putting it in a bear market. But some Wall Street analysts view that downturn as a buying opportunity. For instance, Alphabet and Okta both have a consensus rating of buy among analysts right now.Better yet, Tigress Financial analyst Ivan Feinseth has a price target of $186 per share on Alphabet, which implies an 87% upside. And Oppenheimer analyst Ittai Kidron has a price target of $115 per share on Okta, which implies a 114% upside.Here's why these growth stocks are worth buying today.Alphabet: A powerbroker in the advertising industryAlphabet is the parent company of search giant Google, a business that commands so much loyalty that it can reasonably be called the gateway to the internet. In fact, Google currently holds more than 90% market share among search engines. But Google also owns the wildly popular online video platform YouTube, which is currently tied with Netflix as the top streaming service as measured by viewing time, according to Nielsen.Google has used those highly engaging web properties to position itself as a powerbroker in the advertising industry. It collected a stunning 27.5% of global digital ad spend in 2020, and despite tough competition from tech companies like Amazon and Alibaba, Google will still hold 27.5% market share by 2023, according to eMarketer.Meanwhile, Google is also gaining share in cloud computing. Google Cloud captured 8% of cloud infrastructure spending in the second quarter of 2022, up from 5% in the second quarter of 2019, according to Canalys. One of the drivers behind that success is its leadership in the data cloud market, which itself stems from expertise in analytics and artificial intelligence.Not surprisingly, Alphabet has delivered stellar financial results like clockwork. Revenue climbed 26% to $278.1 billion in the past year, and free cash flow jumped 11% to $65.2 billion. But investors have good reason to believe that momentum will carry into the coming years.Looking ahead, eMarketer says global digital ad spend will grow at nearly 10% per year to reach $876 billion by 2026, and Grand View Research estimates cloud computing spend will grow at nearly 16% per year to reach $1.6 trillion by 2030. That puts Alphabet in front of a massive market opportunity, and with shares trading at a reasonable 4.9 times sales -- a discount to the three-year average of 6.8 times sales -- now is a great time to buy this growth stock.Okta: The most comprehensive identity platformOkta specializes in identity and access management (IAM), a branch of cybersecurity that seeks to ensure only the right people can access applications and resources at the appropriate time. Its platform allows administrators to enforce contextual access policies based on factors like identity, device, and location, and it leans on artificial intelligence to measure risk and authenticate users.Okta offers the most comprehensive IAM solution on the market, according to management. Its platform features over 7,000 prebuilt integrations that simplify adoption, making it easy for businesses to integrate identity into workforce applications like Microsoft 365 and Salesforce. Its platform also features developer tools -- acquired from Auth0 last year -- that allow businesses to embed identity into customer applications.Unfortunately, the Auth0 integration has weighed on Okta's financial performance. Revenue climbed 57% to $1.6 billion over the past year, but free cash flow fell 81% to $23 million. Management recently addressed that issue by restructuring its product portfolio to simplify its go-to-market strategy. Investors should keep an eye on the situation, paying close attention to management's commentary regarding adoption of its customer identity cloud in the coming quarters.On the other side of its business, Okta recently bolstered its workforce identity cloud with the launch of an identity governance and administration (IGA) product, Okta Identity Governance. That IGA solution simplifies auditing and compliance for customers, and it streamlines identity workflows with automation. Okta Identity Governance is now live in North America, and the global launch is slated for later this year. Also noteworthy, Okta has a privileged access management (PAM) product set to launch a few quarters down the road, further expanding its workforce identity cloud. PAM solutions are focused on securing superuser accounts and other highly privileged accounts.Collectively, Okta's acquisition of Auth0 and its introduction of IGA and PAM solutions brings its total addressable market to $80 billion, leaving a long runway for growth. And with shares trading at 5.2 times sales -- a steep discount to the three-year average of 28.2 times sales -- now is a great time to buy this stock.","news_type":1},"isVote":1,"tweetType":1,"viewCount":67,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9917572884,"gmtCreate":1665550142348,"gmtModify":1676537626027,"author":{"id":"4127309136508732","authorId":"4127309136508732","name":"cky92","avatar":"https://community-static.tradeup.com/news/30bf8de6f8868dfb35bef0e86df9a12b","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4127309136508732","authorIdStr":"4127309136508732"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9917572884","repostId":"2274509950","repostType":2,"repost":{"id":"2274509950","pubTimestamp":1665527328,"share":"https://ttm.financial/m/news/2274509950?lang=&edition=fundamental","pubTime":"2022-10-12 06:28","market":"us","language":"en","title":"Tesla Q3: Watch Out For $175 Entry Opportunity","url":"https://stock-news.laohu8.com/highlight/detail?id=2274509950","media":"Seeking Alpha","summary":"SummaryBased on the price movements caused by its 2022 Q3 delivery and AI day, I foresee Tesla stock a $175-$250 trading window in the near future (till the Q4 delivery).This article will detail my an","content":"<html><head></head><body><h2>Summary</h2><ul><li>Based on the price movements caused by its 2022 Q3 delivery and AI day, I foresee Tesla stock a $175-$250 trading window in the near future (till the Q4 delivery).</li><li>This article will detail my analysis of these trigger points so investors can better prepare for its incoming Q3 earnings report.</li><li>I see more downside than upside in the near term.</li><li>Although a $175 price, if reached, would represent an excellent entry point for both swing trading and long-term holding.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f30162e5d01c89f44270126190415d5e\" tg-width=\"1080\" tg-height=\"810\" referrerpolicy=\"no-referrer\"/><span>peerapong muangjan/iStock via Getty Images</span></p><h2>Thesis</h2><p>Tesla (NASDAQ:TSLA) experienced its largest one-day selloff recently after the company reported Q3 deliveries that missed consensus expectations. Given the magnitude of such price movements, my view is that the market has already fully bakedits incoming Q3 earnings report (scheduled on Oct. 19, 2022) into the current prices. And as such, I foresee the stock to be range bound between $175 and $250 in the near future. I do not see major catalysts to break this range till its Q4 delivery report.</p><p>This article will detail my analysis of these trigger points so investors can better prepare. Overall, I see more downside (about 22%) than upside (about 12%) in the near term. Although a $175 price, if reached, would represent an excellent entry point for both swing trading and long-term holding.</p><p>For swing traders, fundamental valuation metrics may be misleading for extremely volatile stocks like TSLA. It is a well-known fact, for such stocks, bottom valuation can occur at the bottom of their near-term cycle and vice versa. Hence, swing traders might find the first chart below more helpful. The stock is currently 46.6% off its recent high. And in the past since 2017, the stock has suffered corrections as large as this current only 3 times: in 2019, 2020, and most recently in 2022. As you can see, in each case, the stock staged a rapid rebound shortly afterward. And the $175 price, if reached due to jitter caused by its Q3 earnings report, would represent a 57% decline off its recent peak, closest to the largest retraction of 60% only during the COVID fire sale.</p><p>The remainder of this article is more oriented toward long-term holders. A price of $175 would translate into an FW EV/EBITDA of 26.4x, and next, you will see why such an entry valuation creates favorable returns potential in the long term.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e5603adba6f02bb330db601263275278\" tg-width=\"640\" tg-height=\"373\" referrerpolicy=\"no-referrer\"/><span>Seeking Alpha data</span></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9369ffd7a8e33867fdda6d2103c79cb0\" tg-width=\"640\" tg-height=\"278\" referrerpolicy=\"no-referrer\"/><span>Author based on Yahoo data</span></p><h2>Long-term growth potential intact</h2><p>I view the Q3 delivery miss only as a short-term speed bump. To wit, Tesla produced 365,923 vehicles in Q3 and delivered 343,830. These numbers still represent remarkable growth (in the range of 40-50% YOY growth and the range of 30-40% QoQ). However, these numbers missed consensus estimates for deliveries by about 4%.</p><p>First, TSLA still enjoys capital allocation flexibility and is still investing aggressively toward growth. The following chart provides a summary of TSLA maintenance and growth capital spending in the recent past since Jan 2020. Its total depreciation and amortization (&#34;TDA&#34;) are $3.4B. Its CAPEX expenditures are at $7.15B, exceeding its total TDA by $3.75B. In relative terms, its CAPEX expenditures are more than 2x of its TDA.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7d6622bf64ea483a455c02f54048b2d6\" tg-width=\"640\" tg-height=\"402\" referrerpolicy=\"no-referrer\"/><span>Seeking Alpha data</span></p><p>And hence, a large part of its CAPEX spending is toward growth CAPEX. If we approximate its maintenance CAPEX by the TDA, then it has been on average $2.57B since 2020 as seen from the top panel above. And its total CAPEX has been on average $4.76B. The difference of $2.19B can then be used to approximate the amount of growth CAPEX it has been reinvesting. In other words, the growth CAPEX is on average about 46% of the total CAPEX spending in recent years. As a result, its owners&#39; earnings (&#34;OE&#34;) are much higher than its accounting EPS because the growth CAPEX should be added back to its owners&#39; earnings, as shown in the chart below.</p><p>The chart below shows TSLA&#39;s true economic earnings compared to its accounting EPS using Greenwald&#39;s method as detailed in my earlier article or his book entitled Value Investing. As seen, TSLA&#39;s OE has systematically exceeded its accounting EPS and also its FCF (free cash flow) since 2018. As of 2021, its OE is about $9 per share compared to an accounting EPS of only ~$2 per share.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f59bb85704ef18293970f72f967ebe74\" tg-width=\"640\" tg-height=\"402\" referrerpolicy=\"no-referrer\"/><span>Author based on Seeking Alpha data</span></p><h2>Non-linear growth drivers down the road</h2><p>Looking further out, there are longer-term growth drivers that are highly nonlinear. Currently, TSLA is still a &#34;car&#34; company that derives the bulk of its income from manufacturing and selling cars (84.7% of its total revenue as seen in the chart below).</p><p>However, its other segments, the non-manufacturing segments, are growing rapidly. As a notable example, its automotive services now represent 7.06% of its total revenue. With its FSD potential, such services can break all the limitations of hardware manufacturing. It could become totally scalable just like a software platform, and as a result, enjoys higher-order nonlinear growth. As detailed in my earlier article, a few key factors to consider:</p><blockquote><ol><li><i>FSD can lead to more miles driven. For example, researchers at the</i> <i>Institute of Transportationat the University of California began to show that automated or semi-automated vehicles like those TSLA makes, when there are enough of them in operation, can lead to increased vehicle miles traveled (&#34;VMT&#34;).</i></li><li><i>The FSD technology becomes more valuable when more people use it. In the 2022 Annual</i> <i>Meeting of Stockholders</i> <i>(Thursday, August 4, 2022), Musk believes that Tesla&#39;s cumulative production of vehicles will reach 100 million. Meanwhile, its autonomous driving technology is maturing and scaling up rapidly. As of Q2-2022, over 100,000 Tesla drivers in North America had access to Full Self-Driving Beta. And the accumulated miles driven by Full Self-Driving had been expanding exponentially and reached 35 million miles so far.</i></li></ol></blockquote><p>The factors create new strategies for TSLA to monetize in areas like service sales (service income will be proportional to VMT), insurance income (which would be also proportional to VMT but in a different paradigm with large-scale FSD deployment), and also autonomous driving functions and software.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/11e8ebcb6136fb0b69bfd3b8abd66973\" tg-width=\"640\" tg-height=\"208\" referrerpolicy=\"no-referrer\"/><span>BofA data and TSLA presentation</span></p><h2>The near-term headwinds</h2><p>Although in the near term, there is no shortage of headwinds to keep the stock price range bound as mentioned above. And the Q3 delivery miss is a symptom of these ongoing headwinds. These headwinds include limited production and shutdowns at its factory in Shanghai for a large part of 1H 2022 and potential disruptions for the rest of the year also. The company still faces challenges associated with ongoing supply-chain disruptions and labor shortages. At the same, other traditional automakers are investing aggressively in their EV development too and competing fiercely for market share. Also, EV adoption is currently driven primarily by government regulations and subsidies, and these regulations and subsidies could change with short notice.</p><p>These uncertainties are encapsulated in the large variance in the consensus estimates. A total of 31 analysts provided earnings revisions for the last 3 months. And the revisions are close to a perfect split between Up Revisions and Down Revisions. A total of 18 analysts submitted an up revision and 13 a down revision. The revised estimates vary widely too. Even for 2022, the lower end of the consensus EPS is $3.75 and the high end is $6.53, a variance of 74%. And the variance widens further to 112% for 2023.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/333c69cc288ac721e338af33d85b6baf\" tg-width=\"640\" tg-height=\"217\" referrerpolicy=\"no-referrer\"/><span>Author based on Seeking Alpha data</span></p><h2>The $175-250 trading range again</h2><p>At its current price level, its valuation is still elevated despite the recent correction. To wit, it is currently valued at around 10.2x EV/sales ratio and 47.8x EV/EBITDA. On an FW basis, the multiples are a bit lower but it is at around 8.3x EV/sales ratio and 33.6x EV/EBITDA. It is expensive both in relative terms and absolute terms in my mind. As a reference point, the overall market is valued at about 3.5x EV/sales and 16x EV/EBITDA. On an absolute scale, leading institutions like BofA Global Research model its near-term valuation around 13x EV/Sales and 55x EV/EBITDA. I think these multiples are way too optimistic given the near-term headwinds and the historical volatility.</p><p>My target valuations are provided in the second chart below. As seen, I am essentially assuming ½ of the valuation provided by BofA in the near term. The lower bound of my price range corresponds to 6.5x FW EV/sales ratio and 26.4x EV/EBITDA. The estimates were made using financial data provided by SA as summarized in the lower part of the table.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d9cbaf099431a293b3dc5d811169c254\" tg-width=\"640\" tg-height=\"405\" referrerpolicy=\"no-referrer\"/><span>Seeking Alpha data</span></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0decb276cfc925bb3c6b0efa8745e5c5\" tg-width=\"640\" tg-height=\"195\" referrerpolicy=\"no-referrer\"/><span>Author based on Seeking Alpha data</span></p><h2>Risks and final thoughts</h2><p>To reiterate, I see Tesla stock price oscillating in a relatively narrow range of $175-$250 trading range till the Q4 delivery report. With the recent large price movements, the market has baked in the Q3 earnings report already. Overall, I see more downside in the near term than upside due to the near-term headwinds. Its Q3 delivery miss is a symptom of these headwinds, including the lingering effects from its Shanghai factor shutdown, ongoing supply-chain disruptions, labor shortages, et al.</p><p>While there might be some interesting opportunities for both swing traders and long-term investors, the $175 price, if reached, would represent an excellent entry point for both swing trading and long-term holding. A price of $175 would represent a 57% decline off its recent peak, closest to the largest retraction of 60% only during the COVID firesale. For long-term-oriented investors, a price of $175 would translate into a 26.4x EV/EBITDA, leaving a large margin of safety. It is about ½ of the multiples used by leading institutes such as BofA (55x) and close to its multi-year bottom of 23.6x observed in early 2020. Such a margin of safety shortens the timeframe for its nonlinear growth potential such as production ramp-up and FSD to catch up with its current valuations.</p><p><i>This article is written by Envision Research for reference only. Please note the risks.</i></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Q3: Watch Out For $175 Entry Opportunity</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Q3: Watch Out For $175 Entry Opportunity\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-12 06:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4545981-tesla-tsla-watch-out-for-entry-opportunity><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryBased on the price movements caused by its 2022 Q3 delivery and AI day, I foresee Tesla stock a $175-$250 trading window in the near future (till the Q4 delivery).This article will detail my ...</p>\n\n<a href=\"https://seekingalpha.com/article/4545981-tesla-tsla-watch-out-for-entry-opportunity\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://seekingalpha.com/article/4545981-tesla-tsla-watch-out-for-entry-opportunity","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2274509950","content_text":"SummaryBased on the price movements caused by its 2022 Q3 delivery and AI day, I foresee Tesla stock a $175-$250 trading window in the near future (till the Q4 delivery).This article will detail my analysis of these trigger points so investors can better prepare for its incoming Q3 earnings report.I see more downside than upside in the near term.Although a $175 price, if reached, would represent an excellent entry point for both swing trading and long-term holding.peerapong muangjan/iStock via Getty ImagesThesisTesla (NASDAQ:TSLA) experienced its largest one-day selloff recently after the company reported Q3 deliveries that missed consensus expectations. Given the magnitude of such price movements, my view is that the market has already fully bakedits incoming Q3 earnings report (scheduled on Oct. 19, 2022) into the current prices. And as such, I foresee the stock to be range bound between $175 and $250 in the near future. I do not see major catalysts to break this range till its Q4 delivery report.This article will detail my analysis of these trigger points so investors can better prepare. Overall, I see more downside (about 22%) than upside (about 12%) in the near term. Although a $175 price, if reached, would represent an excellent entry point for both swing trading and long-term holding.For swing traders, fundamental valuation metrics may be misleading for extremely volatile stocks like TSLA. It is a well-known fact, for such stocks, bottom valuation can occur at the bottom of their near-term cycle and vice versa. Hence, swing traders might find the first chart below more helpful. The stock is currently 46.6% off its recent high. And in the past since 2017, the stock has suffered corrections as large as this current only 3 times: in 2019, 2020, and most recently in 2022. As you can see, in each case, the stock staged a rapid rebound shortly afterward. And the $175 price, if reached due to jitter caused by its Q3 earnings report, would represent a 57% decline off its recent peak, closest to the largest retraction of 60% only during the COVID fire sale.The remainder of this article is more oriented toward long-term holders. A price of $175 would translate into an FW EV/EBITDA of 26.4x, and next, you will see why such an entry valuation creates favorable returns potential in the long term.Seeking Alpha dataAuthor based on Yahoo dataLong-term growth potential intactI view the Q3 delivery miss only as a short-term speed bump. To wit, Tesla produced 365,923 vehicles in Q3 and delivered 343,830. These numbers still represent remarkable growth (in the range of 40-50% YOY growth and the range of 30-40% QoQ). However, these numbers missed consensus estimates for deliveries by about 4%.First, TSLA still enjoys capital allocation flexibility and is still investing aggressively toward growth. The following chart provides a summary of TSLA maintenance and growth capital spending in the recent past since Jan 2020. Its total depreciation and amortization (\"TDA\") are $3.4B. Its CAPEX expenditures are at $7.15B, exceeding its total TDA by $3.75B. In relative terms, its CAPEX expenditures are more than 2x of its TDA.Seeking Alpha dataAnd hence, a large part of its CAPEX spending is toward growth CAPEX. If we approximate its maintenance CAPEX by the TDA, then it has been on average $2.57B since 2020 as seen from the top panel above. And its total CAPEX has been on average $4.76B. The difference of $2.19B can then be used to approximate the amount of growth CAPEX it has been reinvesting. In other words, the growth CAPEX is on average about 46% of the total CAPEX spending in recent years. As a result, its owners' earnings (\"OE\") are much higher than its accounting EPS because the growth CAPEX should be added back to its owners' earnings, as shown in the chart below.The chart below shows TSLA's true economic earnings compared to its accounting EPS using Greenwald's method as detailed in my earlier article or his book entitled Value Investing. As seen, TSLA's OE has systematically exceeded its accounting EPS and also its FCF (free cash flow) since 2018. As of 2021, its OE is about $9 per share compared to an accounting EPS of only ~$2 per share.Author based on Seeking Alpha dataNon-linear growth drivers down the roadLooking further out, there are longer-term growth drivers that are highly nonlinear. Currently, TSLA is still a \"car\" company that derives the bulk of its income from manufacturing and selling cars (84.7% of its total revenue as seen in the chart below).However, its other segments, the non-manufacturing segments, are growing rapidly. As a notable example, its automotive services now represent 7.06% of its total revenue. With its FSD potential, such services can break all the limitations of hardware manufacturing. It could become totally scalable just like a software platform, and as a result, enjoys higher-order nonlinear growth. As detailed in my earlier article, a few key factors to consider:FSD can lead to more miles driven. For example, researchers at the Institute of Transportationat the University of California began to show that automated or semi-automated vehicles like those TSLA makes, when there are enough of them in operation, can lead to increased vehicle miles traveled (\"VMT\").The FSD technology becomes more valuable when more people use it. In the 2022 Annual Meeting of Stockholders (Thursday, August 4, 2022), Musk believes that Tesla's cumulative production of vehicles will reach 100 million. Meanwhile, its autonomous driving technology is maturing and scaling up rapidly. As of Q2-2022, over 100,000 Tesla drivers in North America had access to Full Self-Driving Beta. And the accumulated miles driven by Full Self-Driving had been expanding exponentially and reached 35 million miles so far.The factors create new strategies for TSLA to monetize in areas like service sales (service income will be proportional to VMT), insurance income (which would be also proportional to VMT but in a different paradigm with large-scale FSD deployment), and also autonomous driving functions and software.BofA data and TSLA presentationThe near-term headwindsAlthough in the near term, there is no shortage of headwinds to keep the stock price range bound as mentioned above. And the Q3 delivery miss is a symptom of these ongoing headwinds. These headwinds include limited production and shutdowns at its factory in Shanghai for a large part of 1H 2022 and potential disruptions for the rest of the year also. The company still faces challenges associated with ongoing supply-chain disruptions and labor shortages. At the same, other traditional automakers are investing aggressively in their EV development too and competing fiercely for market share. Also, EV adoption is currently driven primarily by government regulations and subsidies, and these regulations and subsidies could change with short notice.These uncertainties are encapsulated in the large variance in the consensus estimates. A total of 31 analysts provided earnings revisions for the last 3 months. And the revisions are close to a perfect split between Up Revisions and Down Revisions. A total of 18 analysts submitted an up revision and 13 a down revision. The revised estimates vary widely too. Even for 2022, the lower end of the consensus EPS is $3.75 and the high end is $6.53, a variance of 74%. And the variance widens further to 112% for 2023.Author based on Seeking Alpha dataThe $175-250 trading range againAt its current price level, its valuation is still elevated despite the recent correction. To wit, it is currently valued at around 10.2x EV/sales ratio and 47.8x EV/EBITDA. On an FW basis, the multiples are a bit lower but it is at around 8.3x EV/sales ratio and 33.6x EV/EBITDA. It is expensive both in relative terms and absolute terms in my mind. As a reference point, the overall market is valued at about 3.5x EV/sales and 16x EV/EBITDA. On an absolute scale, leading institutions like BofA Global Research model its near-term valuation around 13x EV/Sales and 55x EV/EBITDA. I think these multiples are way too optimistic given the near-term headwinds and the historical volatility.My target valuations are provided in the second chart below. As seen, I am essentially assuming ½ of the valuation provided by BofA in the near term. The lower bound of my price range corresponds to 6.5x FW EV/sales ratio and 26.4x EV/EBITDA. The estimates were made using financial data provided by SA as summarized in the lower part of the table.Seeking Alpha dataAuthor based on Seeking Alpha dataRisks and final thoughtsTo reiterate, I see Tesla stock price oscillating in a relatively narrow range of $175-$250 trading range till the Q4 delivery report. With the recent large price movements, the market has baked in the Q3 earnings report already. Overall, I see more downside in the near term than upside due to the near-term headwinds. Its Q3 delivery miss is a symptom of these headwinds, including the lingering effects from its Shanghai factor shutdown, ongoing supply-chain disruptions, labor shortages, et al.While there might be some interesting opportunities for both swing traders and long-term investors, the $175 price, if reached, would represent an excellent entry point for both swing trading and long-term holding. A price of $175 would represent a 57% decline off its recent peak, closest to the largest retraction of 60% only during the COVID firesale. For long-term-oriented investors, a price of $175 would translate into a 26.4x EV/EBITDA, leaving a large margin of safety. It is about ½ of the multiples used by leading institutes such as BofA (55x) and close to its multi-year bottom of 23.6x observed in early 2020. Such a margin of safety shortens the timeframe for its nonlinear growth potential such as production ramp-up and FSD to catch up with its current valuations.This article is written by Envision Research for reference only. Please note the risks.","news_type":1},"isVote":1,"tweetType":1,"viewCount":87,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9914727450,"gmtCreate":1665370080471,"gmtModify":1676537593892,"author":{"id":"4127309136508732","authorId":"4127309136508732","name":"cky92","avatar":"https://community-static.tradeup.com/news/30bf8de6f8868dfb35bef0e86df9a12b","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4127309136508732","authorIdStr":"4127309136508732"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9914727450","repostId":"1187560627","repostType":2,"repost":{"id":"1187560627","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1665364085,"share":"https://ttm.financial/m/news/1187560627?lang=&edition=fundamental","pubTime":"2022-10-10 09:08","market":"sg","language":"en","title":"Singapore Stocks to Watch: Singtel, SPH Reit, Aspen","url":"https://stock-news.laohu8.com/highlight/detail?id=1187560627","media":"Tiger Newspress","summary":"THE following companies saw new developments that may affect trading of their securities on Monday (","content":"<html><head></head><body><p>THE following companies saw new developments that may affect trading of their securities on Monday (Oct 10):</p><p><b>Singtel (Z74)</b>: A hack on technology consulting company Dialog, which SingTel bought earlier this year, may have accessed data on fewer than 20 clients and 1,000 current and former staff, according to a Dialog statement issued by SingTel on Monday. Dialog found out on Oct. 7 that a “very small sample” of its data, including personal employee information, had been published on the so-called Dark Web. The attack itself took place almost a month earlier, on Sept. 10.</p><p><b>SPH Reit (SK6U)</b>: Singapore sentiment in the retail sector lifted the distribution per unit (DPU) of SPH Reit to 5.52 Singapore cents for the 12 months ended Aug 31 (12M FY2022), up 2.2 per cent from the previous year.</p><p>As previously announced, the real estate investment trust (Reit) is changing its financial year end from Aug 31 to Dec 31, resulting in a 16-month FY2022. Distributions for the four months ending December will be declared in February 2023.</p><p>Gross revenue for 12M FY2022 came in 1.7 per cent higher at S$281.9 million, while net property income (NPI) grew 3.5 per cent to S$209.7 million. The portfolio occupancy rate stood at 97.5 per cent.</p><p><b>Aspen (1F3)</b>: With the pandemic easing and the sale prices of gloves sliding, mainboard-listed Aspen (Group) is now proposing to sell its glove-making subsidiary’s factory building and the leased land on which the facility sits for RM200 million (S$61.1 million).</p><p>As the deal entails a sale of over 20 per cent of the group’s total net asset value, it is therefore a major transaction. Aspen would need the approval of its shareholders to go ahead with it.</p><p>Aspen noted that the proposed disposal could book a gain of about RM14.9 million; if the sale goes through, it could bring the net tangible asset value per share of the company to 39.22 sen from 37.84 sen, on a pro forma basis.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore Stocks to Watch: Singtel, SPH Reit, Aspen</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore Stocks to Watch: Singtel, SPH Reit, Aspen\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-10-10 09:08</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>THE following companies saw new developments that may affect trading of their securities on Monday (Oct 10):</p><p><b>Singtel (Z74)</b>: A hack on technology consulting company Dialog, which SingTel bought earlier this year, may have accessed data on fewer than 20 clients and 1,000 current and former staff, according to a Dialog statement issued by SingTel on Monday. Dialog found out on Oct. 7 that a “very small sample” of its data, including personal employee information, had been published on the so-called Dark Web. The attack itself took place almost a month earlier, on Sept. 10.</p><p><b>SPH Reit (SK6U)</b>: Singapore sentiment in the retail sector lifted the distribution per unit (DPU) of SPH Reit to 5.52 Singapore cents for the 12 months ended Aug 31 (12M FY2022), up 2.2 per cent from the previous year.</p><p>As previously announced, the real estate investment trust (Reit) is changing its financial year end from Aug 31 to Dec 31, resulting in a 16-month FY2022. Distributions for the four months ending December will be declared in February 2023.</p><p>Gross revenue for 12M FY2022 came in 1.7 per cent higher at S$281.9 million, while net property income (NPI) grew 3.5 per cent to S$209.7 million. The portfolio occupancy rate stood at 97.5 per cent.</p><p><b>Aspen (1F3)</b>: With the pandemic easing and the sale prices of gloves sliding, mainboard-listed Aspen (Group) is now proposing to sell its glove-making subsidiary’s factory building and the leased land on which the facility sits for RM200 million (S$61.1 million).</p><p>As the deal entails a sale of over 20 per cent of the group’s total net asset value, it is therefore a major transaction. Aspen would need the approval of its shareholders to go ahead with it.</p><p>Aspen noted that the proposed disposal could book a gain of about RM14.9 million; if the sale goes through, it could bring the net tangible asset value per share of the company to 39.22 sen from 37.84 sen, on a pro forma basis.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"Z74.SI":"新电信","1F3.SI":"Aspen","SK6U.SI":"百利宫房地产投资信托"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1187560627","content_text":"THE following companies saw new developments that may affect trading of their securities on Monday (Oct 10):Singtel (Z74): A hack on technology consulting company Dialog, which SingTel bought earlier this year, may have accessed data on fewer than 20 clients and 1,000 current and former staff, according to a Dialog statement issued by SingTel on Monday. Dialog found out on Oct. 7 that a “very small sample” of its data, including personal employee information, had been published on the so-called Dark Web. The attack itself took place almost a month earlier, on Sept. 10.SPH Reit (SK6U): Singapore sentiment in the retail sector lifted the distribution per unit (DPU) of SPH Reit to 5.52 Singapore cents for the 12 months ended Aug 31 (12M FY2022), up 2.2 per cent from the previous year.As previously announced, the real estate investment trust (Reit) is changing its financial year end from Aug 31 to Dec 31, resulting in a 16-month FY2022. Distributions for the four months ending December will be declared in February 2023.Gross revenue for 12M FY2022 came in 1.7 per cent higher at S$281.9 million, while net property income (NPI) grew 3.5 per cent to S$209.7 million. The portfolio occupancy rate stood at 97.5 per cent.Aspen (1F3): With the pandemic easing and the sale prices of gloves sliding, mainboard-listed Aspen (Group) is now proposing to sell its glove-making subsidiary’s factory building and the leased land on which the facility sits for RM200 million (S$61.1 million).As the deal entails a sale of over 20 per cent of the group’s total net asset value, it is therefore a major transaction. Aspen would need the approval of its shareholders to go ahead with it.Aspen noted that the proposed disposal could book a gain of about RM14.9 million; if the sale goes through, it could bring the net tangible asset value per share of the company to 39.22 sen from 37.84 sen, on a pro forma basis.","news_type":1},"isVote":1,"tweetType":1,"viewCount":25,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9982378186,"gmtCreate":1667103653146,"gmtModify":1676537861870,"author":{"id":"4127309136508732","authorId":"4127309136508732","name":"cky92","avatar":"https://community-static.tradeup.com/news/30bf8de6f8868dfb35bef0e86df9a12b","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4127309136508732","authorIdStr":"4127309136508732"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9982378186","repostId":"1143172606","repostType":2,"repost":{"id":"1143172606","pubTimestamp":1667096273,"share":"https://ttm.financial/m/news/1143172606?lang=&edition=fundamental","pubTime":"2022-10-30 10:17","market":"us","language":"en","title":"Intel to Cut Workforce as Part of Massive Cost Reduction Efforts","url":"https://stock-news.laohu8.com/highlight/detail?id=1143172606","media":"TipRanks","summary":"Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiat","content":"<div>\n<p>Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiatives, including job cuts. The company’s actions reflect the impact of macro challenges and lower ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts\">Web Link</a>\n\n</div>\n","source":"lsy1606183248679","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Intel to Cut Workforce as Part of Massive Cost Reduction Efforts</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\">\nIntel to Cut Workforce as Part of Massive Cost Reduction Efforts\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-30 10:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiatives, including job cuts. The company’s actions reflect the impact of macro challenges and lower ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"INTC":"英特尔"},"source_url":"https://www.tipranks.com/news/article/intel-nasdaqintc-to-cut-workforce-as-part-of-massive-cost-reduction-efforts","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143172606","content_text":"Story HighlightsIntel is targeting up to $10 billion in cost savings by 2025 through various initiatives, including job cuts. The company’s actions reflect the impact of macro challenges and lower demand in the semiconductor space.Intel (NASDAQ: INTC) impressed investors with its better-than-anticipated third-quarter earnings and its aggressive cost savings plans amid tough business conditions. The semiconductor giant aims to deliver $3 billion in cost reductions next year and is targeting $8 billion to $10 billion in annualized cost reductions and efficiency benefits by the end of 2025.Intel’s CEO Pat Gelsinger stated, “To position ourselves for this business cycle, we are aggressively addressing costs and driving efficiencies across the business to accelerate our IDM 2.0 flywheel for the digital future.” Intel recorded restructuring charges of $664 million in Q3 as part of its cost reduction initiatives.The company’s cost reduction actions include headcount optimization. In an interview with Reuters, Gelsinger indicated that the headcount optimization will begin in the fourth quarter, although he didn’t provide any details on how many employees will be impacted.Intel stock was up 5.6% in Thursday’s extended trading session. Shares have declined 49% year-to-date due to a broader tech sell-off and demand concerns in the semiconductor space.Intel’s Outlook Reflects PressureIntel’s Q3 adjusted earnings per share (EPS) declined 59% year-over-year to $0.59 due to lower revenue and margin pressure. However, adjusted EPS topped analysts’ consensus estimate of $0.34 due to lower-than-anticipated taxes.Revenue declined 20% to $15.3 billion due to lower revenue from the Client Computing and Datacenter and AI segments.Intel lowered its full-year guidance, citing macro headwinds. The company now expects adjusted EPS of $1.95 and revenue in the range of $63 billion to $64 billion. It had earlier projected adjusted EPS of $2.30 and revenue between $65 billion to $68 billion.Is Intel Buy, Sell, or Hold?Following the print, Rosenblatt Securities analyst Hans Mosesmann reiterated a Sell rating on Intel stock and lowered the price target to $20 from $30.Mosesmann  stated, “Weak outlook across the board and a macro malaise expected to continue well into 2023 creates an immensely delicate balance in committed CapEx expansion, FCF neutrality targets, share losses in data center, non-trivial employee reduction efforts, and a foundry services business that will take years to play out.”Overall, Wall Street is sidelined on Intel stock, with a Hold consensus rating based on four Buys, 14 Holds, and 11 Sells. The average Intel stock price target of $33 implies a 25.6% upside potential.ConclusionIntel is taking the required steps to fight challenging market conditions and improve profitability. However, Wall Street remains cautious as the company has been losing ground to rivals like Advanced Micro Devices (AMD).","news_type":1},"isVote":1,"tweetType":1,"viewCount":600,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9914008468,"gmtCreate":1665119677854,"gmtModify":1676537560954,"author":{"id":"4127309136508732","authorId":"4127309136508732","name":"cky92","avatar":"https://community-static.tradeup.com/news/30bf8de6f8868dfb35bef0e86df9a12b","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4127309136508732","authorIdStr":"4127309136508732"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9914008468","repostId":"2273828361","repostType":2,"repost":{"id":"2273828361","pubTimestamp":1665108107,"share":"https://ttm.financial/m/news/2273828361?lang=&edition=fundamental","pubTime":"2022-10-07 10:01","market":"us","language":"en","title":"Insider Buying 2022: 15 Stocks to Bet On Despite the Bear Market","url":"https://stock-news.laohu8.com/highlight/detail?id=2273828361","media":"InvestorPlace","summary":"Source: ShutterstockIn October 2021, I made a big call on Longeveron (NASDAQ:LGVN) stock, a biotech ","content":"<html><head></head><body><p><img src=\"https://static.tigerbbs.com/11abc7bc1b026070774bd992fe8fb96d\" tg-width=\"768\" tg-height=\"432\" referrerpolicy=\"no-referrer\"/></p><p>Source: Shutterstock</p><p>In October 2021, I made a big call on <b>Longeveron</b> (NASDAQ:<b>LGVN</b>) stock, a biotech firm working on a promising Alzheimer’s therapy.</p><p>Within six weeks, shares had risen over 11x… a stunning 1,000% return!</p><p>My secret?</p><p>I noticed that the biotech’s CFO was quietly buying shares in the company.</p><p>“With clinical results due within the next month, Longeveron’s executives are likely using their knowledge of the Aging Frailty study to predict a strong outcome in the Alzheimer’s trial.”</p><p>Just a month later, the company would announce some unexpectedly good news: The U.S. Food and Drug Administration (FDA) approved Longeveron’s Lomecel-B for use!</p><h2>The Secret to Finding 1,000% Winners</h2><p>It turns out that Longeveron’s management aren’t the only ones who are suspiciously good at timing their company’s stock.</p><p>A study by MIT researchers found that insider transactions in the U.S. would have turned $10,000 into $156,000 over their study period, compared to around $50,300 in the <b>S&amp;P 500</b>.</p><p>That’s because insiders often act on privileged information, both knowingly and unknowingly. If sales figures are doing well… or patients are responding well to clinical trials… they don’t need the “official” SEC filings to decide to buy.</p><p>Some call it a total scam.</p><p>And I get it. SEC rules around insider transactions are surprisingly lax; if a CEO sees a new product performing well or is on the cusp of making a massive deal, it’s often entirely legal to trade on that information. In 2018, <b>Tesla</b> (NASDAQ:<b>TSLA</b>) CEO Elon Musk bought $25 million of his company’s shares while details of a massive $2 billion capital raise were still under wraps.</p><p>TSLA shares would rise 206% within a year.</p><p>But as I’ve long said, <b>if you can’t beat ’em, you might as well join</b>. If the world’s richest man generated an extra $75 million along the way by using privileged information, isn’t it fair to follow his steps?</p><p>It’s a strategy I’ve called the <b>Insider Track</b>.</p><h2>The Best Time to Buy… Is in a Bear Market</h2><p>The Insider Track strategy has provenly strong results. Since January 2009, C-Suite buying has generated an annualized return of 20.8%, according to tracking site TipRanks. And in the past week alone, insiders have snapped up $45 million of their corporate shares.</p><p>These amounts are admittedly smaller than in previous declines. In May 2020, insiders bought a stunning $161 million of shares after the Covid-19 slump. And today, many sectors are doing worse than in 2020 because of higher inflation and rising rates.</p><p>But some American businesses are still humming along. Here are 15 stocks where insiders act as if they know something the market doesn’t.</p><h2>Top Market Timers</h2><p>One of the best <b>Insider Track</b> strategies involves mimicking the trades of particularly successful insiders. These are investment firms, CEOs and company owners that have an unusual ability to buy the dips.</p><p><b>B. Riley Financial</b>. The boutique investment bank has a strong track record in trading the companies it owns.</p><ul><li><b>Lazydays Holdings</b> (NASDAQ:<b>LAZY</b>). In July, the investment bank bought over 10,000 LAZY shares in the $12 range before the CEO announced “remarkable performance” figures. Shares would jump to $17.50. Recent market wobbles have sent LAZY back to the $12 range – an opportunity B. Riley has used to add another 20,000 shares.</li></ul><p><b>Opaleye LLC</b>. Opaleye LLC has a notable record of picking biotech winners. A $16 million investment in <b>Travere Therapeutics</b> (NASDAQ:<b>TVTX</b>) in 2014 is now worth almost $50 million, and a smaller investment in <b><a href=\"https://laohu8.com/S/OCUL\">Ocular Therapeutix</a></b> (NASDAQ:<b>OCUL</b>) netted an even more significant 400% return in 2020. Now, the company has added shares in:</p><ul><li><b>TELA Bio</b> (NASDAQ:<b><u>TELA</u></b>). Since June, Opaleye has snapped up shares of TELA in the $5.75 to $8.25 range in seven transactions. The commercial-stage medical tech firm produces products for soft-tissue reconstruction in hernias, plastic and reconstructive surgery. The firm has a stable business, so Opaleye is likely buying as a valuation play.</li><li><b>TRACON Pharmaceuticals</b> (NASDAQ:<b>TCON</b>). The biotech research firm is developing an oncology drug that targets the PD-L1 antibody, a known pathway under study by other large cancer research firms. The drug is now in its pivotal Phase 2 trial, giving the stock a significant upside on any good news.</li><li><b>Protara Therapeutics</b> (NASDAQ:<b>TARA</b>). The New York-based biopharma company has two development programs in its pipeline. OK-432 is designed to treat lymphatic malformations, a common disease thought to affect 1 in every 4,000 live births, and TARA-002, a treatment for bladder cancer. Opaleye’s 19,400 share addition in mid-September brings its stake to 2,575,77, a significant stake in a company with potential blockbusters in its pipeline.</li></ul><h3>Biotech Stocks</h3><p>Opaleye’s investments represent bets on biotech — some of the hardest decisions for the <b>Insider Track</b> strategy. Many of these R&amp;D firms are riding on a single drug candidate, meaning one failed trial will send the stock to zero. And as outsiders, we can’t tell the difference between opportunistic insider buying versus “pump and dumps.”</p><p><i>But biotechs are also some of the most lucrative bets, as Longeveron shows.</i></p><p>That’s because biotech executives often know clinical trial results years before the studies publish official results. If half of your patients suddenly stop developing cancers, you don’t need to be a rocket scientist (or a biotech CEO) to realize your therapy is probably outperforming the placebo in your double-blind study. These executives are also generally aware of how discussions with healthcare regulators are progressing.</p><p>That leads us to three biotech stocks where insiders have recently bought significant stakes.</p><p><b>Zivo Bioscience</b> (NASDAQ:<b>ZIVO</b>). Director Christopher Maggiore joined CEO John Payne in buying shares in the $3.50 range after shares fell from over $5. The company develops algae-based products for food-based ingredients and has a market value of under $30 million. It’s a risky bet, but Mr. Maggiore’s $25,000 share purchase suggests he knows something we don’t.</p><p><b><a href=\"https://laohu8.com/S/BTTX\">Better Therapeutics</a></b> (NASDAQ:<b>BTTX</b>). The prescription digital therapeutics firm has seen a recent rash of cluster buying. The company’s CEO, CFO and a 10% owner have added $304,000 to their stakes since Sept. 12, a telling sign that the firm might have stumbled on a working therapy. Management previously indicated that its most promising candidate, BT-001, could advance pivotal trials this year or early 2023. Trades centered in the $2 range.</p><p><b>TransCode Therapeutics</b> (NASDAQ:<b>RNAZ</b>). The firm’s CEO and 10% owner added 20,000 shares on Sept. 14, raising his stake to 893,114 shares. The firm has a single therapeutic candidate, TTDX-MC138, in its pipeline designed to treat metastatic cancer. The drug is in preclinical trials, meaning that any good news could send shares up several times over.</p><h2>Insider Purchases of Public Offerings</h2><p>Public offerings are one of the best ways to understand insider sentiment. Management can spend months preparing these offerings, giving them a clear idea of the issue’s true value as Elon Musk demonstrated in his 2019 TSLA purchase.</p><p><b>Larimar Therapeutics</b> (NASDAQ:<b>LRMR</b>). The biotech’s CEO, CFO and two directors bought a combined 5.1 million shares at the firm’s public offering price of $3.15. Larimar’s lead candidate CTI-1601 is currently undergoing Phase 1 clinical trials for Friedreich’s ataxia, a rare genetic disease. Shares would jump 15.5% the following day after the FDA lifted a hold on the trial, but such broad insider purchasing often indicates more potential gains.</p><p><b>LinkBancorp</b> (NASDAQ:<b><u>LNKB</u></b>). The Pennsylvania-based bank saw 17 executives and directors buy shares in its recent $7.50 public offer – the same price it offered public investors. One director added 80,000 shares in the $7.70 range after prices jumped in first-day trading. Though outsiders won’t get a clear look into the bank’s recent merger with Gratz until next quarter, insiders seem to believe there’s no need to wait for official pro forma figures to buy at market prices.</p><h2>Cluster Buying</h2><p>Finally, corporate executives often act together in buying company shares. These are some of the most compelling <b>Insider Track</b> investments to make.</p><p><b>Macerich</b> (NYSE:<b>MAC</b>). The Santa Monica-based homebuilder saw six insiders buy 104,617 shares this week, including the company’s CEO, president, CFO, and head of leasing. The company now trades at 0.6x book value, significantly below its historical average of 1.6x.</p><p><b>Liquidia</b> (NASDAQ:<b>LQDA</b>). Shares of the biopharmaceutical company sank 37% in late August after losing a patent battle with <b>United Therapeutics</b> (NASDAQ:<b>UTHR</b>) Insiders, however, have recently bought shares in the $5.50-$6.00 range, including its CEO (45,747 shares), CFO (8000 shares), Commercial SVP (2,160 shares), COO (1,918 shares) and 10% owner <b>Caligan Partners</b> (250,000 shares).</p><p><b><a href=\"https://laohu8.com/S/MFA\">MFA Financial</a></b> (NYSE:<b>MFA</b>). Between Sept. 14-15, the financial firm’s CEO, CFO, Co-CIO and a director added over 10,000 shares to their already-substantial holdings. Shares of MFA have fallen 55% this year over fears about its lending portfolio, particularly from its high exposure to residential whole loans. Insiders are buying shares as if the worries are wildly overblown.</p><p><b>B. Riley Financial</b> (NASDAQ:<b>RILY</b>). The company’s CEO Andrew Moore and director Randall Paulson joined owner Bryant Riley this week in snapping up a combined 48,400 shares in the boutique investment banking and wealth management firm. Shares currently trade at under 6x price-earnings, making it one of the cheapest investment banks by that metric.</p><p><b>Tilly’s</b> (NYSE:<b>TLYS</b>). The CFO of the youth-oriented shoe and clothing retailer joined two directors this week in buying up shares in the $6-$7 range. Tilly’s recent share slide now prices the retailer at 1.5x EV/EBITDA (enterprise value to earnings before interest, taxes, depreciation and amortization), around a quarter of its usual value. Given its high operating leverage, a stronger-than-expected back-to-school season could send shares up 2x-3x from current prices.</p><p><b>L. B. Foster</b> (NASDAQ:<b>FSTR</b>). The CEO and CFO of the railroad infrastructure firm bought another 4,000 shares on Sept. 13, increasing their combined stake to over 110,000. The company trades for under 0.6x price-book, its lowest valuation since February 2016. The last time that happened, shares would recover within two months, earning investors a 60% return within two months and another 30% return within the next 10.</p><h2>Conclusion: How to Use the Insider Track</h2><p>Not all insider purchases are created equal.</p><p>Some industries like biotech, metals and mining are a treasure trove of opportunity. Executives are often aware of promising new drugs and dig sites long before the companies are required by the SEC to disclose material findings.</p><p>Following executives in other sectors comes with greater risks. Are insiders at <b>Exxon</b> (NYSE:<b>XOM</b>) buying because of an unannounced deal? Or are they blindly speculating on oil prices instead?</p><p>That’s why I tend to avoid companies like <b>HighPeak Energy</b> (NASDAQ:<b>HPK</b>), <b>U.S. Energy Corp</b> (NASDAQ:<b>USEG</b>) and <b>Stronghold Digital Mining</b> (NASDAQ:<b>SDIG</b>) — firms that also recently announced insider purchases. Shares in these firms more closely track the price of oil and <b>Bitcoin</b> (<b><u>BTC-USD</u></b>) – assets that no executive can predict.</p><p>Instead, I focus on bets with particularly opaque financials and high operating leverage. And though every investment requires deeper research before jumping in, the <b>Insider Track</b> provides us with a strong starting point to beating the markets.</p></body></html>","source":"investorplace","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Insider Buying 2022: 15 Stocks to Bet On Despite the Bear Market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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\">\nInsider Buying 2022: 15 Stocks to Bet On Despite the Bear Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-07 10:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/10/insider-buying-2022-15-stocks-to-bet-on-despite-the-bear-market/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Source: ShutterstockIn October 2021, I made a big call on Longeveron (NASDAQ:LGVN) stock, a biotech firm working on a promising Alzheimer’s therapy.Within six weeks, shares had risen over 11x… a ...</p>\n\n<a href=\"https://investorplace.com/2022/10/insider-buying-2022-15-stocks-to-bet-on-despite-the-bear-market/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4551":"寇图资本持仓","TQQQ":"纳指三倍做多ETF",".IXIC":"NASDAQ Composite","BK4094":"服装零售","USEG":"美国能源","QQQ":"纳指100ETF","MAC":"马塞里奇房产","BK4511":"特斯拉概念","BK4183":"个人用品","LQDA":"Liquidia Technologies Inc","BK4099":"汽车制造商","RNAZ":"TransCode Therapeutics  Inc.","BK4127":"投资银行业与经纪业","FSTR":"LB福斯特","BK4539":"次新股","BK4213":"石油与天然气的勘探与生产","BK4516":"特朗普概念","BK4023":"应用软件","TARA":"ArTara Therapeutics, Inc.","BK4532":"文艺复兴科技持仓","BTTX":"Better Therapeutics, Inc.","BK4570":"地缘局势概念股","TVTX":"Travere Therapeutics, Inc.","BK4534":"瑞士信贷持仓","HPK":"Highpeak Energy Acquisition Corp","BK4214":"汽车零售","XOM":"埃克森美孚","LRMR":"Larimar Therapeutics, Inc.","RILY":"B. Riley Financial, Inc.","BK4139":"生物科技","BK4555":"新能源车","BK4533":"AQR资本管理(全球第二大对冲基金)","TELA":"TELA Bio, Inc.","SQQQ":"纳指三倍做空ETF","BK4080":"零售业房地产投资信托","ZIVO":"Zivo Bioscience, Inc.","MFA":"MFA Financial","QLD":"纳指两倍做多ETF","SDIG":"Stronghold Digital Mining, Inc","BK4167":"医疗保健技术","PSQ":"纳指反向ETF","BK4110":"抵押房地产投资信托","BK4527":"明星科技股","OCUL":"Ocular Therapeutix","TLYS":"Tilly’s","BK4198":"医疗保健用品","TSLA":"特斯拉","BK4574":"无人驾驶"},"source_url":"https://investorplace.com/2022/10/insider-buying-2022-15-stocks-to-bet-on-despite-the-bear-market/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2273828361","content_text":"Source: ShutterstockIn October 2021, I made a big call on Longeveron (NASDAQ:LGVN) stock, a biotech firm working on a promising Alzheimer’s therapy.Within six weeks, shares had risen over 11x… a stunning 1,000% return!My secret?I noticed that the biotech’s CFO was quietly buying shares in the company.“With clinical results due within the next month, Longeveron’s executives are likely using their knowledge of the Aging Frailty study to predict a strong outcome in the Alzheimer’s trial.”Just a month later, the company would announce some unexpectedly good news: The U.S. Food and Drug Administration (FDA) approved Longeveron’s Lomecel-B for use!The Secret to Finding 1,000% WinnersIt turns out that Longeveron’s management aren’t the only ones who are suspiciously good at timing their company’s stock.A study by MIT researchers found that insider transactions in the U.S. would have turned $10,000 into $156,000 over their study period, compared to around $50,300 in the S&P 500.That’s because insiders often act on privileged information, both knowingly and unknowingly. If sales figures are doing well… or patients are responding well to clinical trials… they don’t need the “official” SEC filings to decide to buy.Some call it a total scam.And I get it. SEC rules around insider transactions are surprisingly lax; if a CEO sees a new product performing well or is on the cusp of making a massive deal, it’s often entirely legal to trade on that information. In 2018, Tesla (NASDAQ:TSLA) CEO Elon Musk bought $25 million of his company’s shares while details of a massive $2 billion capital raise were still under wraps.TSLA shares would rise 206% within a year.But as I’ve long said, if you can’t beat ’em, you might as well join. If the world’s richest man generated an extra $75 million along the way by using privileged information, isn’t it fair to follow his steps?It’s a strategy I’ve called the Insider Track.The Best Time to Buy… Is in a Bear MarketThe Insider Track strategy has provenly strong results. Since January 2009, C-Suite buying has generated an annualized return of 20.8%, according to tracking site TipRanks. And in the past week alone, insiders have snapped up $45 million of their corporate shares.These amounts are admittedly smaller than in previous declines. In May 2020, insiders bought a stunning $161 million of shares after the Covid-19 slump. And today, many sectors are doing worse than in 2020 because of higher inflation and rising rates.But some American businesses are still humming along. Here are 15 stocks where insiders act as if they know something the market doesn’t.Top Market TimersOne of the best Insider Track strategies involves mimicking the trades of particularly successful insiders. These are investment firms, CEOs and company owners that have an unusual ability to buy the dips.B. Riley Financial. The boutique investment bank has a strong track record in trading the companies it owns.Lazydays Holdings (NASDAQ:LAZY). In July, the investment bank bought over 10,000 LAZY shares in the $12 range before the CEO announced “remarkable performance” figures. Shares would jump to $17.50. Recent market wobbles have sent LAZY back to the $12 range – an opportunity B. Riley has used to add another 20,000 shares.Opaleye LLC. Opaleye LLC has a notable record of picking biotech winners. A $16 million investment in Travere Therapeutics (NASDAQ:TVTX) in 2014 is now worth almost $50 million, and a smaller investment in Ocular Therapeutix (NASDAQ:OCUL) netted an even more significant 400% return in 2020. Now, the company has added shares in:TELA Bio (NASDAQ:TELA). Since June, Opaleye has snapped up shares of TELA in the $5.75 to $8.25 range in seven transactions. The commercial-stage medical tech firm produces products for soft-tissue reconstruction in hernias, plastic and reconstructive surgery. The firm has a stable business, so Opaleye is likely buying as a valuation play.TRACON Pharmaceuticals (NASDAQ:TCON). The biotech research firm is developing an oncology drug that targets the PD-L1 antibody, a known pathway under study by other large cancer research firms. The drug is now in its pivotal Phase 2 trial, giving the stock a significant upside on any good news.Protara Therapeutics (NASDAQ:TARA). The New York-based biopharma company has two development programs in its pipeline. OK-432 is designed to treat lymphatic malformations, a common disease thought to affect 1 in every 4,000 live births, and TARA-002, a treatment for bladder cancer. Opaleye’s 19,400 share addition in mid-September brings its stake to 2,575,77, a significant stake in a company with potential blockbusters in its pipeline.Biotech StocksOpaleye’s investments represent bets on biotech — some of the hardest decisions for the Insider Track strategy. Many of these R&D firms are riding on a single drug candidate, meaning one failed trial will send the stock to zero. And as outsiders, we can’t tell the difference between opportunistic insider buying versus “pump and dumps.”But biotechs are also some of the most lucrative bets, as Longeveron shows.That’s because biotech executives often know clinical trial results years before the studies publish official results. If half of your patients suddenly stop developing cancers, you don’t need to be a rocket scientist (or a biotech CEO) to realize your therapy is probably outperforming the placebo in your double-blind study. These executives are also generally aware of how discussions with healthcare regulators are progressing.That leads us to three biotech stocks where insiders have recently bought significant stakes.Zivo Bioscience (NASDAQ:ZIVO). Director Christopher Maggiore joined CEO John Payne in buying shares in the $3.50 range after shares fell from over $5. The company develops algae-based products for food-based ingredients and has a market value of under $30 million. It’s a risky bet, but Mr. Maggiore’s $25,000 share purchase suggests he knows something we don’t.Better Therapeutics (NASDAQ:BTTX). The prescription digital therapeutics firm has seen a recent rash of cluster buying. The company’s CEO, CFO and a 10% owner have added $304,000 to their stakes since Sept. 12, a telling sign that the firm might have stumbled on a working therapy. Management previously indicated that its most promising candidate, BT-001, could advance pivotal trials this year or early 2023. Trades centered in the $2 range.TransCode Therapeutics (NASDAQ:RNAZ). The firm’s CEO and 10% owner added 20,000 shares on Sept. 14, raising his stake to 893,114 shares. The firm has a single therapeutic candidate, TTDX-MC138, in its pipeline designed to treat metastatic cancer. The drug is in preclinical trials, meaning that any good news could send shares up several times over.Insider Purchases of Public OfferingsPublic offerings are one of the best ways to understand insider sentiment. Management can spend months preparing these offerings, giving them a clear idea of the issue’s true value as Elon Musk demonstrated in his 2019 TSLA purchase.Larimar Therapeutics (NASDAQ:LRMR). The biotech’s CEO, CFO and two directors bought a combined 5.1 million shares at the firm’s public offering price of $3.15. Larimar’s lead candidate CTI-1601 is currently undergoing Phase 1 clinical trials for Friedreich’s ataxia, a rare genetic disease. Shares would jump 15.5% the following day after the FDA lifted a hold on the trial, but such broad insider purchasing often indicates more potential gains.LinkBancorp (NASDAQ:LNKB). The Pennsylvania-based bank saw 17 executives and directors buy shares in its recent $7.50 public offer – the same price it offered public investors. One director added 80,000 shares in the $7.70 range after prices jumped in first-day trading. Though outsiders won’t get a clear look into the bank’s recent merger with Gratz until next quarter, insiders seem to believe there’s no need to wait for official pro forma figures to buy at market prices.Cluster BuyingFinally, corporate executives often act together in buying company shares. These are some of the most compelling Insider Track investments to make.Macerich (NYSE:MAC). The Santa Monica-based homebuilder saw six insiders buy 104,617 shares this week, including the company’s CEO, president, CFO, and head of leasing. The company now trades at 0.6x book value, significantly below its historical average of 1.6x.Liquidia (NASDAQ:LQDA). Shares of the biopharmaceutical company sank 37% in late August after losing a patent battle with United Therapeutics (NASDAQ:UTHR) Insiders, however, have recently bought shares in the $5.50-$6.00 range, including its CEO (45,747 shares), CFO (8000 shares), Commercial SVP (2,160 shares), COO (1,918 shares) and 10% owner Caligan Partners (250,000 shares).MFA Financial (NYSE:MFA). Between Sept. 14-15, the financial firm’s CEO, CFO, Co-CIO and a director added over 10,000 shares to their already-substantial holdings. Shares of MFA have fallen 55% this year over fears about its lending portfolio, particularly from its high exposure to residential whole loans. Insiders are buying shares as if the worries are wildly overblown.B. Riley Financial (NASDAQ:RILY). The company’s CEO Andrew Moore and director Randall Paulson joined owner Bryant Riley this week in snapping up a combined 48,400 shares in the boutique investment banking and wealth management firm. Shares currently trade at under 6x price-earnings, making it one of the cheapest investment banks by that metric.Tilly’s (NYSE:TLYS). The CFO of the youth-oriented shoe and clothing retailer joined two directors this week in buying up shares in the $6-$7 range. Tilly’s recent share slide now prices the retailer at 1.5x EV/EBITDA (enterprise value to earnings before interest, taxes, depreciation and amortization), around a quarter of its usual value. Given its high operating leverage, a stronger-than-expected back-to-school season could send shares up 2x-3x from current prices.L. B. Foster (NASDAQ:FSTR). The CEO and CFO of the railroad infrastructure firm bought another 4,000 shares on Sept. 13, increasing their combined stake to over 110,000. The company trades for under 0.6x price-book, its lowest valuation since February 2016. The last time that happened, shares would recover within two months, earning investors a 60% return within two months and another 30% return within the next 10.Conclusion: How to Use the Insider TrackNot all insider purchases are created equal.Some industries like biotech, metals and mining are a treasure trove of opportunity. Executives are often aware of promising new drugs and dig sites long before the companies are required by the SEC to disclose material findings.Following executives in other sectors comes with greater risks. Are insiders at Exxon (NYSE:XOM) buying because of an unannounced deal? Or are they blindly speculating on oil prices instead?That’s why I tend to avoid companies like HighPeak Energy (NASDAQ:HPK), U.S. Energy Corp (NASDAQ:USEG) and Stronghold Digital Mining (NASDAQ:SDIG) — firms that also recently announced insider purchases. Shares in these firms more closely track the price of oil and Bitcoin (BTC-USD) – assets that no executive can predict.Instead, I focus on bets with particularly opaque financials and high operating leverage. And though every investment requires deeper research before jumping in, the Insider Track provides us with a strong starting point to beating the markets.","news_type":1},"isVote":1,"tweetType":1,"viewCount":2,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9915742417,"gmtCreate":1665116052339,"gmtModify":1676537560398,"author":{"id":"4127309136508732","authorId":"4127309136508732","name":"cky92","avatar":"https://community-static.tradeup.com/news/30bf8de6f8868dfb35bef0e86df9a12b","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4127309136508732","authorIdStr":"4127309136508732"},"themes":[],"htmlText":"Thanks for sharing&nbsp;","listText":"Thanks for sharing&nbsp;","text":"Thanks for sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9915742417","repostId":"1116235060","repostType":2,"repost":{"id":"1116235060","pubTimestamp":1665111170,"share":"https://ttm.financial/m/news/1116235060?lang=&edition=fundamental","pubTime":"2022-10-07 10:52","market":"us","language":"en","title":"Tech Stocks Set for More Pain as AMD Revives Earnings Fears","url":"https://stock-news.laohu8.com/highlight/detail?id=1116235060","media":"Bloomberg","summary":"AMD preliminary results send shares of peers lower post-marketSamsung reports profit dropped for fir","content":"<html><head></head><body><ul><li>AMD preliminary results send shares of peers lower post-market</li><li>Samsung reports profit dropped for first time since 2019</li></ul><p>Technology stocks are facing more pain after chipmaker Advanced Micro Devices Inc. revived fears about the upcoming earnings season after warning that third-quarter sales were softer than expected.</p><p>AMD blamed disappointing preliminary results on weakness in the personal computer market, sending its shares and those of other companies involved in the sector lower in postmarket trading. AMD, Nvidia Corp., Intel Corp. and Microchip Technology Inc. were among chipmakers down more than 2%, while computer makers HP Inc. and Dell Technologies Inc. also fell.</p><p>Futures tracking the tech-heavy Nasdaq 100 Index slipped as much as 0.6% during early trading hours in Asia, extending losses into a third day.</p><p><img src=\"https://static.tigerbbs.com/7802716f5f7536a07a325407569dddfd\" tg-width=\"620\" tg-height=\"348\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>AMD’s announcement was followed by a report from Samsung Electronics Co. that its profit dropped for the first time since 2019, underscoring the depth of a global PC and memory chip downturn. Samsung shares slid as much as 2% before erasing losses.</p><p>Investors arebracingfor a potentially difficult earnings season amid rising risk of a recession with inflation and the strong dollar eating into profit margins. Analysts have trimmed 2023 profit estimates for technology companies at a faster rate than the broader market, though most expect further cuts if results disappoint.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tech Stocks Set for More Pain as AMD Revives Earnings Fears</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\">\nTech Stocks Set for More Pain as AMD Revives Earnings Fears\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-07 10:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-10-07/tech-stocks-set-for-more-pain-as-amd-revives-earnings-fears><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>AMD preliminary results send shares of peers lower post-marketSamsung reports profit dropped for first time since 2019Technology stocks are facing more pain after chipmaker Advanced Micro Devices Inc....</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-10-07/tech-stocks-set-for-more-pain-as-amd-revives-earnings-fears\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MCHP":"微芯科技","SMSN.UK":"三星","DELL":"戴尔","INTC":"英特尔","HPQ":"惠普","NVDA":"英伟达","AMD":"美国超微公司"},"source_url":"https://www.bloomberg.com/news/articles/2022-10-07/tech-stocks-set-for-more-pain-as-amd-revives-earnings-fears","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116235060","content_text":"AMD preliminary results send shares of peers lower post-marketSamsung reports profit dropped for first time since 2019Technology stocks are facing more pain after chipmaker Advanced Micro Devices Inc. revived fears about the upcoming earnings season after warning that third-quarter sales were softer than expected.AMD blamed disappointing preliminary results on weakness in the personal computer market, sending its shares and those of other companies involved in the sector lower in postmarket trading. AMD, Nvidia Corp., Intel Corp. and Microchip Technology Inc. were among chipmakers down more than 2%, while computer makers HP Inc. and Dell Technologies Inc. also fell.Futures tracking the tech-heavy Nasdaq 100 Index slipped as much as 0.6% during early trading hours in Asia, extending losses into a third day.AMD’s announcement was followed by a report from Samsung Electronics Co. that its profit dropped for the first time since 2019, underscoring the depth of a global PC and memory chip downturn. Samsung shares slid as much as 2% before erasing losses.Investors arebracingfor a potentially difficult earnings season amid rising risk of a recession with inflation and the strong dollar eating into profit margins. Analysts have trimmed 2023 profit estimates for technology companies at a faster rate than the broader market, though most expect further cuts if results disappoint.","news_type":1},"isVote":1,"tweetType":1,"viewCount":41,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}