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2023-02-06

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2 AI-Powered Growth Stocks to Buy Right Now

2023-02-18

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Reminder: U.S. Market Will Be Closed for Washington's Birthday on Monday, Feb. 20, 2023

2023-08-07

Thieves

Bionano Genomics announces reverse stock split

2023-07-26

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New Buy Rating for Alphabet Class A (GOOGL), the Technology Giant

2023-05-10

Thieves

BRIEF-Tonix Pharmaceuticals Announces 1-For-6.25 Reverse Stock Split

2023-03-02

Oke

2 Stocks Down 55% and 71% to Buy Right Now

2023-02-12

Amazing

The Smartest Investors Are Buying These 3 Beaten-Down Stocks

2023-02-08

Better to 2050!

2 FAANG Stocks That Can Double Your Money by 2027

2023-02-05

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The Stock-Market Rally Survived a Confusing Week. Here's What Comes Next

2023-02-19

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Sorry, the original content has been removed

2023-02-11

Amazing

Comparing The Cloud Leaders: Amazon Web Services, Microsoft Intelligent Cloud, And Google Cloud

2023-02-26

Goo

Buffett’s Annual Letter: Berkshire Will Always Hold a Boatload of Cash and U.S. Treasury Bills

2023-02-01

Nice

Fed Day Is Here, Powell's Tone Will Say It All

2023-02-18

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A Bull Market Is Coming: 2 Perfect Growth Stocks Down 60% and 68% to Buy Now and Hold Forever

2023-02-03

Underperform

Payrolls Increased By 517,000 in January, Much Better Than 187,000 Expected

2023-01-31

Need buy ...

Apple: A Buy Ahead Of Q1 Earnings Announcement

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Im ready

5 Exceptional Dividend Stocks Yielding 5% (or More) to Buy Hand Over Fist

2023-03-07

I wait to 2067 ,in another world.

Prediction: These 3 S&P 500 Stocks Will at Least Double in 7 Years

2023-02-26

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Top Calls on Wall Street This Week: Nvidia, Shopify, Occidental and More

2023-02-18

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Grab Q4 Earnings Preview: Wall Street Posted Mixed View of Its Pathway to Profitability

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kaput","listText":"Company kaput","text":"Company kaput","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/290710401978592","repostId":"2424074404","repostType":2,"repost":{"id":"2424074404","kind":"highlight","pubTimestamp":1711985263,"share":"https://ttm.financial/m/news/2424074404?lang=&edition=fundamental","pubTime":"2024-04-01 23:27","market":"fut","language":"en","title":"BiolineRx Ltd. Completes Significant Securities Offering","url":"https://stock-news.laohu8.com/highlight/detail?id=2424074404","media":"TIPRANKS","summary":"Bioline RX Ltd Sponsored ADR (BLRX) has released an update. BiolineRx Ltd., an Israeli company, has successfully completed a registered direct offe...","content":"<div>\n<p>Bioline RX Ltd Sponsored ADR (BLRX) has released an update. BiolineRx Ltd., an Israeli company, has successfully completed a registered direct offe...</p>\n\n<a href=\"https://www.tipranks.com/news/company-announcements/biolinerx-ltd-completes-significant-securities-offering?utm_source=itigerup.com&utm_medium=referral\">Web Link</a>\n\n</div>\n","source":"tipranks_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>BiolineRx Ltd. Completes Significant Securities Offering</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\">\nBiolineRx Ltd. Completes Significant Securities Offering\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-01 23:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.tipranks.com/news/company-announcements/biolinerx-ltd-completes-significant-securities-offering?utm_source=itigerup.com&utm_medium=referral><strong>TIPRANKS</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bioline RX Ltd Sponsored ADR (BLRX) has released an update. BiolineRx Ltd., an Israeli company, has successfully completed a registered direct offe...</p>\n\n<a href=\"https://www.tipranks.com/news/company-announcements/biolinerx-ltd-completes-significant-securities-offering?utm_source=itigerup.com&utm_medium=referral\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4139":"生物科技","BLRX":"BioLine Rx"},"source_url":"https://www.tipranks.com/news/company-announcements/biolinerx-ltd-completes-significant-securities-offering?utm_source=itigerup.com&utm_medium=referral","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2424074404","content_text":"Bioline RX Ltd Sponsored ADR (BLRX) has released an update. 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(NASDAQ:BLRX) Q4 2023 Earnings Call Transcript","url":"https://stock-news.laohu8.com/highlight/detail?id=2422394399","media":"Insider Monkey","summary":"BioLineRx Ltd.  Q4 2023 Earnings Call Transcript March 26, 2024 BioLineRx Ltd. isn't one of the 30 most popular stocks among hedge funds at the end of the third quarter (. Operator: Ladies and gentlemen, thank you for standing by. Welcome to the BioLineRx Fourth Quarter and Full Year 2023 Financial Results Conference Call. All participants are presently in a listen-only mode. Following management’s formal presentation, instructions will be given for the question-and-answer session. I would now like to turn the call over to John Lacey, Head of Investor Relations and Corporate Communications. John, please go ahead.Since FDA approval in September and the subsequent launch of APHEXDA in U.S. in Q4 early signs among payers and top tier stem cell transplant centers suggest that the APHEXDA value proposition is resonating very well and evolving the stem cell mobilization treatment paradigm for patients with multiple myeloma. Recall that a key consideration when we elected to commercialize APH","content":"<html><body><p>BioLineRx Ltd. (NASDAQ:BLRX) Q4 2023 Earnings Call Transcript March 26, 2024</p> BioLineRx Ltd. isn't one of the 30 most popular stocks among hedge funds at the end of the third quarter (\nsee the details here). \n<p><strong>Operator:</strong> Ladies and gentlemen, thank you for standing by. Welcome to the BioLineRx Fourth Quarter and Full Year 2023 Financial Results Conference Call. All participants are presently in a listen-only mode. Following management’s formal presentation, instructions will be given for the question-and-answer session. I would now like to turn the call over to John Lacey, Head of Investor Relations and Corporate Communications. John, please go ahead.</p>\n<p><strong>John Lacey:</strong> Thank you, Operator. Welcome, everyone. Thank you for joining us on our fourth quarter and full year 2023 results conference call. Earlier today, we issued a press release, a copy of which is available in the Investor Relations section of our website. It was also filed as a 6-K. I'd like to remind you that certain statements we make during the call will be forward-looking. If have such statements due to future events and are subject to many risks and uncertainty, actual results may differ materially from those in the forward-looking statements. For a full discussion of these risks and uncertainties, please review our annual report on Form 20-F and our quarterly report on Form 6-K that are filed with the U.S. Securities and Exchange Commission. At this time, it is now my pleasure to turn the call over to Mr. Phil Serlin, Chief Executive Officer of BioLineRx.</p>\n<p><strong>Phil Serlin:</strong> Thank you, John, and good morning, everyone, and thank you for joining us on today's call. Joining me today are Holly May, President of BioLineRx USA; and Mali Zeevi, our Chief Financial Officer. In addition, Ella Sorani, our Chief Development Officer, will be joining the call for Q&amp;A. I will begin with a brief update on our APHEXDA launch then turn the call over to Holly who will go into the Stem Cell Mobilization opportunity in more detail. I will then provide an update on our clinical programs in pancreatic cancer and sickle cell disease. Finally, Mali will provide a discussion of our financial results. We will then open up the call and are looking forward to your questions. Following the launch of our product in stem cell mobilization just a few months ago in Q4, we expect substantially all of 2024 to continue to be a foundational period for the commercialization of APHEXDA, the first advancement in stem cell mobilization in over a decade.</p>\n<p>Since FDA approval in September and the subsequent launch of APHEXDA in U.S. in Q4 early signs among payers and top tier stem cell transplant centers suggest that the APHEXDA value proposition is resonating very well and evolving the stem cell mobilization treatment paradigm for patients with multiple myeloma. Recall that a key consideration when we elected to commercialize APHEXDA independently in the U.S. was that end users of APHEXDA transplant centers are well defined with approximately 80 of 212 transplant centers performing the vast majority approximately 85% of all procedures. Among this defined population, we have already secured formulary placement within these top 80 transplant centers managing approximately 20% of all stem cell transplant procedures at these institutions.</p>\n<p>Those familiar with commercial launches know that institutional pharmacy and therapeutic committees or P&amp;Ts determine formulary status, the first step in center adoption and we anticipate that by year-end we will have secured formulary placement within these top 80 transplant centers managing approximately 60% of all stem cell transplant procedures at these institutions. We are pleased with this progress and momentum which is right in line with our expectations. Our customer facing teams have done a fantastic job working with centers to support them in developing protocols following P&amp;T approvals and we are very pleased by the number of clinical champions we are gaining every day. We have also received several repeat orders from multiple institutions.</p>\n<p>These centers were early adopters and moved quickly through the formulary process and subsequent design and adoption of new treatment protocols. Importantly, one highly regarded transplant center has already transitioned to all of its patients to APHEXDA, as it recognizes the value of greater apheresis certainty. We are pleased by this early momentum despite the fact that some customers have benefited from lower acquisition costs for generic mozobil or plerixafor relative to reimbursement rates. This cost recovery advantage has been diminishing with time as reimbursement rates adjust to having generic plerixafor in the landscape. Meanwhile, transplantation centers are gaining the opportunity to experience the value APHEXDA can bring to their centers that extend beyond drug cost, including the overall economic benefit of reducing apheresis days and the predictability regarding the number of apheresis days and the impact this reduction has on patients as well as nursing and technical staffing for apheresis, particularly in today's difficult hiring environment and the competition for apheresis tier time.</p>\n<p>Staying on the topic stem cell mobilization, recall that in October, we closed an exclusive license agreement with Gloria Biosciences for the development and commercialization of motixafortide across all indications in Asia. In order to receive market authorization for APHEXDA in China, a small bridging study is required. I'm pleased to share that the IND for this bridging study was filed in February with the Center for Drug Evaluation of the National Medical Products Administration and we anticipate regulatory action in May. First patient dosed in this study is expected in the second half of this year. Additionally, for countries in Asia that do not require a bridging study, Gloria is making great progress. We anticipate commercialization to begin in the Bao region of China in Singapore and in Macau over the next few quarters.</p>\n<p>We believe that commercialization in these territories will provide nine U.S. revenue in the second half of the year or early next year subject to regulatory approval. We estimate that Asia had over 51,000 reported cases of multiple myeloma to largest number of cases globally and stem cell mobilization for autologous transplantation represents a significant opportunity for both companies in the region. Needless to say, we are very pleased with how our Gloria collaboration is progressing. We are also pleased by the progress that we have made since our last quarterly update on our other motixafortide programs, notably, pancreatic cancer and sickle cell disease. I will provide updates on those programs in a moment. But at this point, I'd like to turn the call over to Holly May, President of BioLineRx U.S. for a more detailed review of our early launch progress.</p>\n<p>Holly, please go ahead.</p>\n<p><strong>Holly May :</strong> Thank you, Phil. As Phil indicated, patients, physicians and transplant center teams have begun experiencing strong stem cell mobilization results with APHEXDA. We call this the A-plus A for apheresis experience. Importantly, each positive experience resonates within institutions already using APHEXDA and supports strong peer-to-peer conversations between physicians at other institutions. As Phil said earlier, last quarter and this full year is foundational for APHEXDA commercialization. The pathway to adoption of any new drug of this type is roughly the same. P&amp;T committee scheduling and review, institutional protocol development and staff training, first patient scheduled and use, experience assessment, reorder.</p>\n<p>This cycle will happen across our top 80 centers and is occurring at a pace that we anticipated. We have a very strong value proposition for patients, transplant centers and payers and it is resonating. Our goal is to significantly reduce patient and caregiver burden by providing increased assurance in individual apheresis journeys. Additionally, for transplant centers with significant apheresis volume, we can show the advantages that APHEXDA provides for scheduling and use of chair time. Remember that patients with multiple myeloma in the United States are now often treated with quadruplet induction therapy, which includes lenalidomide and bortezomib. Quad therapy leads to the highest rate of complete responses and prolonged progression free survival.</p>\n<p>However, this combination is known to contribute to poor stem cell mobilization collection experiences, which leads to an increase in the amount of apheresis session needed to collect the targeted number of CD34+ positive stem cells stem cells required by institutional protocols. With treatment for multiple myeloma moving to quad therapy, we believe this further strengthens our value proposition. Our targeted field force which was hired based on their significant and relevant experience is educating transplant center and apheresis' leadership team on the benefits of APHEXDA. Physician reactions from our meetings at ASH 2023 and more recently at Tandem 2024 have demonstrated a strong belief in our clinical data. Our poster session at both congresses further bolstered our clinical story.</p>\n<p>Since launch, we have successfully made in-person contact with all top tier centers. Overall, we estimate the top 80 transplant centers in the U.S. manage approximately 85% of all transplants annually. To date, we have been granted formulary approval by institutions which manage approximately 20% of all stem cell transplant procedures within these institutions. By the end of quarter two, we anticipate that this will increase to approximately 35% of transplant procedures at these top 80 centers. And as stated, by the end of the year, we anticipate formulary status in those managing 60% of the transplants in these centers. Now regarding the entrance of generic mozobil or plerixafor into the market. As we've said, while we consider plerixafor to be the same overall market basket as APHEXDA, we do not see the generic plerixafor as comparable to our drug.</p>\n<p>APHEXDA is a second generation CXCR4 inhibitor and has a highly differentiated product profile based on stronger and more predictable mobilization outcome. Furthermore, our early discussions have showed a central to appreciate the innovation as they look to address their need for a better mobilizer. Turning now to payers. Payers view the APHEXDA clinical data very favorably and as a result, we have to date established access for 95% of covered lives across a mix of both commercial and government payers. We continue to work to increase this number so that APHEXDA is as broadly accessible to patients as possible. Additionally, the centers for Medicare and Medicaid services issued us a unique J-Code for APHEXDA, which is critical for obtaining timely reimbursement from all commercial and government payers.</p>\n<p>Another way we provide reimbursement confidence is through BioLineRx Connect, our provider and patient services hub. Through this hub, providers can enroll patients to obtain assistance in benefits verification and prior authorization. If coverage issues arise, the hub can step in and help resolve issues. Additionally, payers can enroll their patients in the patient assistance program if they cannot afford the cost of APHEXDA. Those who qualify can receive drug at no cost. In summary, I'm very pleased with our launch progress to date. Our commercial and medical affairs teams are generating results in the early stages of this launch, as we continue to engage with top transplant centers, physician leaders and payers on this exciting new treatment option.</p>\n<p><img height=\"816\" src=\"https://s.yimg.com/uu/api/res/1.2/pRVKakB6eiVFyidtcMRdcA--/cT03NTthcHBpZD15dmlkZW9mZWVkczs-/https://media.zenfs.com/en/insidermonkey.com/84b68424e224b15cde41dcaeb8a6611a\" width=\"1456\"/></p>\n<p>Now let me turn the call back over to Phil.</p>\n<p><strong>Phil Serlin :</strong> Thank you, Holly. Turning now to our second development indication for motixafortide pancreatic cancer. Remember that motixafortide has been shown to leverage the expression of CXCR4 on different immune cells and can increase the effectiveness of immune system treatments for solid tumors. CXCR4 is highly expressed in over 20 solid tumor types and correlates with poor patient prognosis. In studies with PD-1 inhibitors and chemotherapy in pancreatic cancer, PD-1 inhibitors, a major background of immune therapy today have shown almost no therapeutic advantage. However, in several preclinical studies and more importantly in an 80 patient Phase 2 study with two cohorts that we completed a few years ago, we demonstrated that motixafortide is synergistic with PD-1 inhibitors in the treatment of pancreatic cancer.</p>\n<p>This Phase 2 study showed proof of mechanism of synergistic effect with PD-1 in multiple late stage treatment lines as well as promising efficacy when motixafortide is combined with both a PD-1 inhibitor and chemotherapy in second line pancreatic cancer patients. Based on this promising data, we entered into a Phase 2 study collaboration in first line pancreatic cancer sponsored by Columbia University and supported equally by BioLineRx and Regeneron. Recall that the trial known as Chemo for met panc originally had an initial pilot phase and based on the results of this pilot phase an assessment would be made on advancing to an expansion phase of the study. As we presented at the AACR Special Conference on Pancreatic Cancer last September, the data in the pilot phase of the study was quite compelling.</p>\n<p>7 of 11 patients were 64% experienced a partial response of which five were confirmed PRs as of the July 2023 cutoff date, with one patient experiencing complete resolution of the metastatic lesion in the liver. Along with the three patients are 27% experiencing stable disease, this resulted in a disease control rate of 91%. These findings compare favorably to historic partial response and disease control rates of 23% and 48% respectively, reported with the current standard of care. Based on these compelling data, the collaboration partners in this study Columbia, Regeneron and BioLineRx agreed to amend the original expansion phase of the study from a single arm expansion study with a target enrollment of 30 patients to a much larger randomized Phase 2b study of a 108 patients with two arms.</p>\n<p>Motixafortide, the PD-1 inhibitors, zimberelimab and standard of care chemotherapy versus standard of care chemotherapy alone. The trial's primary endpoint is progression free survival. Secondary objectives include safety, response rates, disease control rate, duration of clinical benefit and overall survival. And last month, we announced that the first patient was dosed in this randomized Phase 2b study. We believe the combination potential of motixafortide and PD-1 inhibitors in pancreatic cancer and other solid tumors could be a significant multibillion dollar opportunity and our work in pancreatic cancer, one of the most difficult to treat cancers is the starting point. Also in pancreatic cancer, a license agreement with Gloria Biosciences covers pancreatic cancer as well and we are working with them on the design of a randomized Phase 2b clinical trial evaluating motixafortide in combination with commercially approved PD-1 inhibitor, zimberelimab and standard of care combination chemotherapy in first line pancreatic cancer.</p>\n<p>Zimberalimab is approved in the Asia region for relapsed or refractory classical Hodgkin's lymphoma and for recurrent or metastatic cervical cancer. Gloria Biosciences went from IND to commercialization of zimberalumab and its first indication in China within four years. So we believe they are uniquely positioned to explore the potential utility of motixafortide in combination trials against this difficult to treat cancer. Their Phase 2b trial in China is expected to commence in the first half of 2025. We are also evaluating motixafortide as a mobilization engines in autologous hematopoietic stem cell based gene therapy patients suffering from sickle cell disease, one of the most common generic diseases globally. Hematopoietic stem cell transplantation after genetic modification is potentially cured for patients with sickle cell disease.</p>\n<p>However, significant quantities of hematopoietic stem cells are required for genetic manipulation and transplant success and the most commonly used drug for collection of stem cells G-CSF is contraindicated in patients with sickle cell disease. Therefore, peripheral blood mobilization of stem cells using plerixafor is the current strategy to collect hematopoietic stem cells for sickle cell disease gene therapies. As with multiple myeloma patients in many cases, the current mobilization treatment fails to reliably yield after the number of stem cell and sickle cell disease patients often require two to four mobilization cycles with each cycle including two or more apheresis sessions with a minimum 14-day washout period between each cycle to collect an adequate number, as such this patient population is very much in need of an effective new mobilization regimen.</p>\n<p>To that end, last March, we announced a clinical trial collaboration with Washington University School of Medicine in St. Louis to evaluate motixafortide in this indication. To gather with Wash U, we're conducting a proof-of-concept trial to study motixafortide as both a single agent and in combination with the immunomodulator, natalizumab. The study is evaluating the safety and tolerability of the two regimens as mobilization agents of CD34+ hematopoietic stem cells in patients with sickle cell disease as well as efficacy endpoints. Sickle cell disease is an important lifecycle strategy for APHEXDA and we are in discussions with multiple stakeholders to understand its potential usage in patients who may qualify for the two recently approved gene therapies in the United States.</p>\n<p>We were very pleased to have the dose the first patient in this important trial in December and we anticipate data in the second half of this year. In summary, we are very excited by both our pancreatic cancer and sickle cell disease clinical development programs, which may provide incredible value to patients and shareholders. At this point, I'd now like to turn the call over to Mali, who will review our financials. Mali, please go ahead.</p>\n<p><strong>Mali Zeevi :</strong> Thank you, Phil. As is our practice in our financial discussion on this call, we will go over the most significant items in our financial statements; revenues, sales and marketing expenses, research and development expenses, non-operating expenses, net loss and cash. I invite you to review the filings we made this morning that contain our financials 20-F and press release for additional information. Total revenues for the year ended December 31, 2023 were $4.8 million compared to no revenues for the year ended December 31, 2022. Revenues in 2023, all of which were recorded in the fourth quarter primarily reflect a portion of the upfront payment from the Gloria Biosciences license agreement of which $4.6 million was recorded in 2023 as well as $0.2 million of revenues from product sales of APHEXDA in the U.S. Cost of revenues for the year ended December 31, 2023 amounted to $3.7 million compared to no cost of revenues for the year ended December 31, 2022.</p>\n<p>The cost of revenues in 2023, all of which was recorded in the fourth quarter primarily reflect a $3 million sublicense fee to the upstream licensor of APHEXDA for payable on closing of the exclusive license agreement in Asia as well as amortization of an intangible asset in respect of this license revenues in the amount of $5 million. Cost of product sales were insignificant representing approximately 6% of related sales. Research and development expenses for the year ended December 31, 2023 were $12.5 million as compared to $17.6 million for the year ended December 31, 2022. The decrease resulted primarily from lower expenses related to motixafortide as NDA supporting activities as well as lower expenses associated with completion of the AGI-134.</p>\n<p>Sales and marketing expenses for the year ended December 31, 2023 were $25.3 million as compared to $6.5 million for the year ended December 31, 2022. The increase resulted primarily from the ramp up of pre-commercialization and commercialization activities related to motixafortide. Non-operating expenses for the year ended December 31, 2023 were $10.8 million compared to non-operating income of $5.7 million for the year ended December 31, 2022. Non-operating expenses and income primarily relates to the non-cash revaluation of outstanding warrants resulting from changes in the company's share price during the respective periods. Net loss for the year ended December 31, 2023 was $60.6 million compared to $25 million for the year ended December 31, 2022.</p>\n<p>The net loss for 2023 included $17.8 million of non-cash expenses specifically an expense of $11.1 million for the revaluation of warrant and a one-time $6.7 million impairment of intangible assets associated with discontinuation of the AGI-134 development program. The net loss for 2022 included $6.4 million of non-cash income, specifically related to the reevaluation of warrants. As of December 31, 2023, the company had cash, cash equivalents and short-term bank deposits of $43 million. The company anticipates that this amount and other available resources including amount available under a debt facility with Kreos Capital will be sufficient to fund operations as currently planned into 2025. And with that, I'll turn the call back over to Phil.</p>\n<p><strong>Phil Serlin :</strong> Thank you, Mali. In closing as is our custom, I would like to take a few moments to summarize our key upcoming milestones. First, continued commercial ramp up of APHEXDA in the U.S. Next, commercial expansion in Asia with collaboration partner Gloria Biosciences, then initiation of bridging study by Gloria Biosciences in 2024 to support approval of APHEXDA in stem cell mobilization for multiple myeloma in China. Next is completion of recruitment in the Phase 1 pilot study of motixafortide for hematopoietic stem cell mobilization for gene therapies in sickle cell disease led by Washington University School of Medicine with initial data expected in the second half of this year. Next is continued recruitment in the chemo for med panc Phase 2 randomized clinical trial in first line metastatic pancreatic cancer sponsored by Columbia University.</p>\n<p>And lastly, preparation activities with Gloria Biosciences on a randomized Phase 2 clinical trial evaluating motixafortide in combination with the PD-1 inhibitors in barilumab and standard of care chemotherapy in first line pancreatic cancer. With that, we have now concluded the formal part of our presentation. Operator, we will now open up the call to questions.</p>\n<p><strong>Operator:</strong> [Operator Instructions] The first question is from John Vandermosten of Zacks.</p> See also \n<span>25 Countries with the Lowest Fertility Rates and 20 Most <a href=\"https://laohu8.com/S/BPOPN\">Popular</a> Female Perfume Brands in USA.</span>\n<p>To continue reading the Q&amp;A session, please <strong>click here</strong>.</p></body></html>","source":"yahoofinance","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>BioLineRx Ltd. (NASDAQ:BLRX) Q4 2023 Earnings Call Transcript</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\">\nBioLineRx Ltd. (NASDAQ:BLRX) Q4 2023 Earnings Call Transcript\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-28 00:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/biolinerx-ltd-nasdaq-blrx-q4-162344890.html><strong>Insider Monkey</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BioLineRx Ltd. (NASDAQ:BLRX) Q4 2023 Earnings Call Transcript March 26, 2024 BioLineRx Ltd. isn't one of the 30 most popular stocks among hedge funds at the end of the third quarter (\nsee the details ...</p>\n\n<a href=\"https://finance.yahoo.com/news/biolinerx-ltd-nasdaq-blrx-q4-162344890.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://s.yimg.com/uu/api/res/1.2/eEyCAL_2NNQb2CfM5vSV3A--~B/aD04MTY7dz0xNDU2O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/insidermonkey.com/84b68424e224b15cde41dcaeb8a6611a","relate_stocks":{".IXIC":"NASDAQ Composite","BLRX":"BioLine Rx","NDAQ":"纳斯达克OMX交易所"},"source_url":"https://finance.yahoo.com/news/biolinerx-ltd-nasdaq-blrx-q4-162344890.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2422394399","content_text":"BioLineRx Ltd. (NASDAQ:BLRX) Q4 2023 Earnings Call Transcript March 26, 2024 BioLineRx Ltd. isn't one of the 30 most popular stocks among hedge funds at the end of the third quarter (\nsee the details here). \nOperator: Ladies and gentlemen, thank you for standing by. Welcome to the BioLineRx Fourth Quarter and Full Year 2023 Financial Results Conference Call. All participants are presently in a listen-only mode. Following management’s formal presentation, instructions will be given for the question-and-answer session. I would now like to turn the call over to John Lacey, Head of Investor Relations and Corporate Communications. John, please go ahead.\nJohn Lacey: Thank you, Operator. Welcome, everyone. Thank you for joining us on our fourth quarter and full year 2023 results conference call. Earlier today, we issued a press release, a copy of which is available in the Investor Relations section of our website. It was also filed as a 6-K. I'd like to remind you that certain statements we make during the call will be forward-looking. If have such statements due to future events and are subject to many risks and uncertainty, actual results may differ materially from those in the forward-looking statements. For a full discussion of these risks and uncertainties, please review our annual report on Form 20-F and our quarterly report on Form 6-K that are filed with the U.S. Securities and Exchange Commission. At this time, it is now my pleasure to turn the call over to Mr. Phil Serlin, Chief Executive Officer of BioLineRx.\nPhil Serlin: Thank you, John, and good morning, everyone, and thank you for joining us on today's call. Joining me today are Holly May, President of BioLineRx USA; and Mali Zeevi, our Chief Financial Officer. In addition, Ella Sorani, our Chief Development Officer, will be joining the call for Q&A. I will begin with a brief update on our APHEXDA launch then turn the call over to Holly who will go into the Stem Cell Mobilization opportunity in more detail. I will then provide an update on our clinical programs in pancreatic cancer and sickle cell disease. Finally, Mali will provide a discussion of our financial results. We will then open up the call and are looking forward to your questions. Following the launch of our product in stem cell mobilization just a few months ago in Q4, we expect substantially all of 2024 to continue to be a foundational period for the commercialization of APHEXDA, the first advancement in stem cell mobilization in over a decade.\nSince FDA approval in September and the subsequent launch of APHEXDA in U.S. in Q4 early signs among payers and top tier stem cell transplant centers suggest that the APHEXDA value proposition is resonating very well and evolving the stem cell mobilization treatment paradigm for patients with multiple myeloma. Recall that a key consideration when we elected to commercialize APHEXDA independently in the U.S. was that end users of APHEXDA transplant centers are well defined with approximately 80 of 212 transplant centers performing the vast majority approximately 85% of all procedures. Among this defined population, we have already secured formulary placement within these top 80 transplant centers managing approximately 20% of all stem cell transplant procedures at these institutions.\nThose familiar with commercial launches know that institutional pharmacy and therapeutic committees or P&Ts determine formulary status, the first step in center adoption and we anticipate that by year-end we will have secured formulary placement within these top 80 transplant centers managing approximately 60% of all stem cell transplant procedures at these institutions. We are pleased with this progress and momentum which is right in line with our expectations. Our customer facing teams have done a fantastic job working with centers to support them in developing protocols following P&T approvals and we are very pleased by the number of clinical champions we are gaining every day. We have also received several repeat orders from multiple institutions.\nThese centers were early adopters and moved quickly through the formulary process and subsequent design and adoption of new treatment protocols. Importantly, one highly regarded transplant center has already transitioned to all of its patients to APHEXDA, as it recognizes the value of greater apheresis certainty. We are pleased by this early momentum despite the fact that some customers have benefited from lower acquisition costs for generic mozobil or plerixafor relative to reimbursement rates. This cost recovery advantage has been diminishing with time as reimbursement rates adjust to having generic plerixafor in the landscape. Meanwhile, transplantation centers are gaining the opportunity to experience the value APHEXDA can bring to their centers that extend beyond drug cost, including the overall economic benefit of reducing apheresis days and the predictability regarding the number of apheresis days and the impact this reduction has on patients as well as nursing and technical staffing for apheresis, particularly in today's difficult hiring environment and the competition for apheresis tier time.\nStaying on the topic stem cell mobilization, recall that in October, we closed an exclusive license agreement with Gloria Biosciences for the development and commercialization of motixafortide across all indications in Asia. In order to receive market authorization for APHEXDA in China, a small bridging study is required. I'm pleased to share that the IND for this bridging study was filed in February with the Center for Drug Evaluation of the National Medical Products Administration and we anticipate regulatory action in May. First patient dosed in this study is expected in the second half of this year. Additionally, for countries in Asia that do not require a bridging study, Gloria is making great progress. We anticipate commercialization to begin in the Bao region of China in Singapore and in Macau over the next few quarters.\nWe believe that commercialization in these territories will provide nine U.S. revenue in the second half of the year or early next year subject to regulatory approval. We estimate that Asia had over 51,000 reported cases of multiple myeloma to largest number of cases globally and stem cell mobilization for autologous transplantation represents a significant opportunity for both companies in the region. Needless to say, we are very pleased with how our Gloria collaboration is progressing. We are also pleased by the progress that we have made since our last quarterly update on our other motixafortide programs, notably, pancreatic cancer and sickle cell disease. I will provide updates on those programs in a moment. But at this point, I'd like to turn the call over to Holly May, President of BioLineRx U.S. for a more detailed review of our early launch progress.\nHolly, please go ahead.\nHolly May : Thank you, Phil. As Phil indicated, patients, physicians and transplant center teams have begun experiencing strong stem cell mobilization results with APHEXDA. We call this the A-plus A for apheresis experience. Importantly, each positive experience resonates within institutions already using APHEXDA and supports strong peer-to-peer conversations between physicians at other institutions. As Phil said earlier, last quarter and this full year is foundational for APHEXDA commercialization. The pathway to adoption of any new drug of this type is roughly the same. P&T committee scheduling and review, institutional protocol development and staff training, first patient scheduled and use, experience assessment, reorder.\nThis cycle will happen across our top 80 centers and is occurring at a pace that we anticipated. We have a very strong value proposition for patients, transplant centers and payers and it is resonating. Our goal is to significantly reduce patient and caregiver burden by providing increased assurance in individual apheresis journeys. Additionally, for transplant centers with significant apheresis volume, we can show the advantages that APHEXDA provides for scheduling and use of chair time. Remember that patients with multiple myeloma in the United States are now often treated with quadruplet induction therapy, which includes lenalidomide and bortezomib. Quad therapy leads to the highest rate of complete responses and prolonged progression free survival.\nHowever, this combination is known to contribute to poor stem cell mobilization collection experiences, which leads to an increase in the amount of apheresis session needed to collect the targeted number of CD34+ positive stem cells stem cells required by institutional protocols. With treatment for multiple myeloma moving to quad therapy, we believe this further strengthens our value proposition. Our targeted field force which was hired based on their significant and relevant experience is educating transplant center and apheresis' leadership team on the benefits of APHEXDA. Physician reactions from our meetings at ASH 2023 and more recently at Tandem 2024 have demonstrated a strong belief in our clinical data. Our poster session at both congresses further bolstered our clinical story.\nSince launch, we have successfully made in-person contact with all top tier centers. Overall, we estimate the top 80 transplant centers in the U.S. manage approximately 85% of all transplants annually. To date, we have been granted formulary approval by institutions which manage approximately 20% of all stem cell transplant procedures within these institutions. By the end of quarter two, we anticipate that this will increase to approximately 35% of transplant procedures at these top 80 centers. And as stated, by the end of the year, we anticipate formulary status in those managing 60% of the transplants in these centers. Now regarding the entrance of generic mozobil or plerixafor into the market. As we've said, while we consider plerixafor to be the same overall market basket as APHEXDA, we do not see the generic plerixafor as comparable to our drug.\nAPHEXDA is a second generation CXCR4 inhibitor and has a highly differentiated product profile based on stronger and more predictable mobilization outcome. Furthermore, our early discussions have showed a central to appreciate the innovation as they look to address their need for a better mobilizer. Turning now to payers. Payers view the APHEXDA clinical data very favorably and as a result, we have to date established access for 95% of covered lives across a mix of both commercial and government payers. We continue to work to increase this number so that APHEXDA is as broadly accessible to patients as possible. Additionally, the centers for Medicare and Medicaid services issued us a unique J-Code for APHEXDA, which is critical for obtaining timely reimbursement from all commercial and government payers.\nAnother way we provide reimbursement confidence is through BioLineRx Connect, our provider and patient services hub. Through this hub, providers can enroll patients to obtain assistance in benefits verification and prior authorization. If coverage issues arise, the hub can step in and help resolve issues. Additionally, payers can enroll their patients in the patient assistance program if they cannot afford the cost of APHEXDA. Those who qualify can receive drug at no cost. In summary, I'm very pleased with our launch progress to date. Our commercial and medical affairs teams are generating results in the early stages of this launch, as we continue to engage with top transplant centers, physician leaders and payers on this exciting new treatment option.\n\nNow let me turn the call back over to Phil.\nPhil Serlin : Thank you, Holly. Turning now to our second development indication for motixafortide pancreatic cancer. Remember that motixafortide has been shown to leverage the expression of CXCR4 on different immune cells and can increase the effectiveness of immune system treatments for solid tumors. CXCR4 is highly expressed in over 20 solid tumor types and correlates with poor patient prognosis. In studies with PD-1 inhibitors and chemotherapy in pancreatic cancer, PD-1 inhibitors, a major background of immune therapy today have shown almost no therapeutic advantage. However, in several preclinical studies and more importantly in an 80 patient Phase 2 study with two cohorts that we completed a few years ago, we demonstrated that motixafortide is synergistic with PD-1 inhibitors in the treatment of pancreatic cancer.\nThis Phase 2 study showed proof of mechanism of synergistic effect with PD-1 in multiple late stage treatment lines as well as promising efficacy when motixafortide is combined with both a PD-1 inhibitor and chemotherapy in second line pancreatic cancer patients. Based on this promising data, we entered into a Phase 2 study collaboration in first line pancreatic cancer sponsored by Columbia University and supported equally by BioLineRx and Regeneron. Recall that the trial known as Chemo for met panc originally had an initial pilot phase and based on the results of this pilot phase an assessment would be made on advancing to an expansion phase of the study. As we presented at the AACR Special Conference on Pancreatic Cancer last September, the data in the pilot phase of the study was quite compelling.\n7 of 11 patients were 64% experienced a partial response of which five were confirmed PRs as of the July 2023 cutoff date, with one patient experiencing complete resolution of the metastatic lesion in the liver. Along with the three patients are 27% experiencing stable disease, this resulted in a disease control rate of 91%. These findings compare favorably to historic partial response and disease control rates of 23% and 48% respectively, reported with the current standard of care. Based on these compelling data, the collaboration partners in this study Columbia, Regeneron and BioLineRx agreed to amend the original expansion phase of the study from a single arm expansion study with a target enrollment of 30 patients to a much larger randomized Phase 2b study of a 108 patients with two arms.\nMotixafortide, the PD-1 inhibitors, zimberelimab and standard of care chemotherapy versus standard of care chemotherapy alone. The trial's primary endpoint is progression free survival. Secondary objectives include safety, response rates, disease control rate, duration of clinical benefit and overall survival. And last month, we announced that the first patient was dosed in this randomized Phase 2b study. We believe the combination potential of motixafortide and PD-1 inhibitors in pancreatic cancer and other solid tumors could be a significant multibillion dollar opportunity and our work in pancreatic cancer, one of the most difficult to treat cancers is the starting point. Also in pancreatic cancer, a license agreement with Gloria Biosciences covers pancreatic cancer as well and we are working with them on the design of a randomized Phase 2b clinical trial evaluating motixafortide in combination with commercially approved PD-1 inhibitor, zimberelimab and standard of care combination chemotherapy in first line pancreatic cancer.\nZimberalimab is approved in the Asia region for relapsed or refractory classical Hodgkin's lymphoma and for recurrent or metastatic cervical cancer. Gloria Biosciences went from IND to commercialization of zimberalumab and its first indication in China within four years. So we believe they are uniquely positioned to explore the potential utility of motixafortide in combination trials against this difficult to treat cancer. Their Phase 2b trial in China is expected to commence in the first half of 2025. We are also evaluating motixafortide as a mobilization engines in autologous hematopoietic stem cell based gene therapy patients suffering from sickle cell disease, one of the most common generic diseases globally. Hematopoietic stem cell transplantation after genetic modification is potentially cured for patients with sickle cell disease.\nHowever, significant quantities of hematopoietic stem cells are required for genetic manipulation and transplant success and the most commonly used drug for collection of stem cells G-CSF is contraindicated in patients with sickle cell disease. Therefore, peripheral blood mobilization of stem cells using plerixafor is the current strategy to collect hematopoietic stem cells for sickle cell disease gene therapies. As with multiple myeloma patients in many cases, the current mobilization treatment fails to reliably yield after the number of stem cell and sickle cell disease patients often require two to four mobilization cycles with each cycle including two or more apheresis sessions with a minimum 14-day washout period between each cycle to collect an adequate number, as such this patient population is very much in need of an effective new mobilization regimen.\nTo that end, last March, we announced a clinical trial collaboration with Washington University School of Medicine in St. Louis to evaluate motixafortide in this indication. To gather with Wash U, we're conducting a proof-of-concept trial to study motixafortide as both a single agent and in combination with the immunomodulator, natalizumab. The study is evaluating the safety and tolerability of the two regimens as mobilization agents of CD34+ hematopoietic stem cells in patients with sickle cell disease as well as efficacy endpoints. Sickle cell disease is an important lifecycle strategy for APHEXDA and we are in discussions with multiple stakeholders to understand its potential usage in patients who may qualify for the two recently approved gene therapies in the United States.\nWe were very pleased to have the dose the first patient in this important trial in December and we anticipate data in the second half of this year. In summary, we are very excited by both our pancreatic cancer and sickle cell disease clinical development programs, which may provide incredible value to patients and shareholders. At this point, I'd now like to turn the call over to Mali, who will review our financials. Mali, please go ahead.\nMali Zeevi : Thank you, Phil. As is our practice in our financial discussion on this call, we will go over the most significant items in our financial statements; revenues, sales and marketing expenses, research and development expenses, non-operating expenses, net loss and cash. I invite you to review the filings we made this morning that contain our financials 20-F and press release for additional information. Total revenues for the year ended December 31, 2023 were $4.8 million compared to no revenues for the year ended December 31, 2022. Revenues in 2023, all of which were recorded in the fourth quarter primarily reflect a portion of the upfront payment from the Gloria Biosciences license agreement of which $4.6 million was recorded in 2023 as well as $0.2 million of revenues from product sales of APHEXDA in the U.S. Cost of revenues for the year ended December 31, 2023 amounted to $3.7 million compared to no cost of revenues for the year ended December 31, 2022.\nThe cost of revenues in 2023, all of which was recorded in the fourth quarter primarily reflect a $3 million sublicense fee to the upstream licensor of APHEXDA for payable on closing of the exclusive license agreement in Asia as well as amortization of an intangible asset in respect of this license revenues in the amount of $5 million. Cost of product sales were insignificant representing approximately 6% of related sales. Research and development expenses for the year ended December 31, 2023 were $12.5 million as compared to $17.6 million for the year ended December 31, 2022. The decrease resulted primarily from lower expenses related to motixafortide as NDA supporting activities as well as lower expenses associated with completion of the AGI-134.\nSales and marketing expenses for the year ended December 31, 2023 were $25.3 million as compared to $6.5 million for the year ended December 31, 2022. The increase resulted primarily from the ramp up of pre-commercialization and commercialization activities related to motixafortide. Non-operating expenses for the year ended December 31, 2023 were $10.8 million compared to non-operating income of $5.7 million for the year ended December 31, 2022. Non-operating expenses and income primarily relates to the non-cash revaluation of outstanding warrants resulting from changes in the company's share price during the respective periods. Net loss for the year ended December 31, 2023 was $60.6 million compared to $25 million for the year ended December 31, 2022.\nThe net loss for 2023 included $17.8 million of non-cash expenses specifically an expense of $11.1 million for the revaluation of warrant and a one-time $6.7 million impairment of intangible assets associated with discontinuation of the AGI-134 development program. The net loss for 2022 included $6.4 million of non-cash income, specifically related to the reevaluation of warrants. As of December 31, 2023, the company had cash, cash equivalents and short-term bank deposits of $43 million. The company anticipates that this amount and other available resources including amount available under a debt facility with Kreos Capital will be sufficient to fund operations as currently planned into 2025. And with that, I'll turn the call back over to Phil.\nPhil Serlin : Thank you, Mali. In closing as is our custom, I would like to take a few moments to summarize our key upcoming milestones. First, continued commercial ramp up of APHEXDA in the U.S. Next, commercial expansion in Asia with collaboration partner Gloria Biosciences, then initiation of bridging study by Gloria Biosciences in 2024 to support approval of APHEXDA in stem cell mobilization for multiple myeloma in China. Next is completion of recruitment in the Phase 1 pilot study of motixafortide for hematopoietic stem cell mobilization for gene therapies in sickle cell disease led by Washington University School of Medicine with initial data expected in the second half of this year. Next is continued recruitment in the chemo for med panc Phase 2 randomized clinical trial in first line metastatic pancreatic cancer sponsored by Columbia University.\nAnd lastly, preparation activities with Gloria Biosciences on a randomized Phase 2 clinical trial evaluating motixafortide in combination with the PD-1 inhibitors in barilumab and standard of care chemotherapy in first line pancreatic cancer. With that, we have now concluded the formal part of our presentation. Operator, we will now open up the call to questions.\nOperator: [Operator Instructions] The first question is from John Vandermosten of Zacks. See also \n25 Countries with the Lowest Fertility Rates and 20 Most Popular Female Perfume Brands in USA.\nTo continue reading the Q&A session, please click here.","news_type":1},"isVote":1,"tweetType":1,"viewCount":244,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":259461551751368,"gmtCreate":1704355467931,"gmtModify":1704355472099,"author":{"id":"4133623950260892","authorId":"4133623950260892","name":"Aidukas","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4133623950260892","authorIdStr":"4133623950260892"},"themes":[],"htmlText":"Nio is pain,nothing more.","listText":"Nio is pain,nothing more.","text":"Nio is pain,nothing more.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/259461551751368","repostId":"2400820650","repostType":2,"repost":{"id":"2400820650","kind":"highlight","pubTimestamp":1704355200,"share":"https://ttm.financial/m/news/2400820650?lang=&edition=fundamental","pubTime":"2024-01-04 16:00","market":"us","language":"en","title":"Is Nio a Top EV Stock for 2024?","url":"https://stock-news.laohu8.com/highlight/detail?id=2400820650","media":"Motley Fool","summary":"Nio may be a trendy investment, but there are better EV stock picks available.","content":"<html><head></head><body><ul style=\"\"><li><p>Nio is much smaller than other EV giants in China.</p></li><li><p>The company isn&#39;t profitable and is running out of cash.</p></li></ul><p>While some trends from 2023 may disappear, one that likely won&#39;t is the growing percentage of the global automobile fleet converting to electric vehicles (EVs). In the U.S., less than 10% of total automobile sales are now EVs. In China, that percentage is higher, with battery electric vehicles (BEVs) accounting for 25% of new sales in September 2023.</p><p>This makes China a critical EV market for investors, and <strong>Nio</strong> is a company that often comes up when researching Chinese EV companies. With EVs slated to capture even more market share in 2024, is Nio a good buy right now?</p><h2 id=\"id_452861976\">Nio is not China&#39;s largest EV producer</h2><p>Although Nio is a popular Chinese EV investment for U.S. investors, it&#39;s far from China&#39;s biggest EV maker. That title belongs to <strong>BYD </strong>(BYDDY). In December, Nio delivered over 18,000 vehicles, up 14% year over year. For 2023, it delivered over 160,000 vehicles, up 31%.</p><p>In comparison, BYD produced over 3 million cars in 2023 and nearly 309,000 in December alone. So size-wise, Nio isn&#39;t even close to BYD.</p><p>But the two are serving different markets. Nio is focused on the luxury segment, while BYD offers more affordable EVs. As a result, Nio will likely never reach the same scale as BYD, but that doesn&#39;t disqualify Nio as a potential investment.</p><p>However, it should be noted that China&#39;s economy isn&#39;t doing particularly well. This could spell trouble for Nio if drivers look to cheaper options instead of more premium ones. While it remains to be seen if this will have an effect in 2024, it&#39;s something to consider before taking a position in Nio.</p><p>Another consideration is its financials.</p><h2 id=\"id_1867433808\">Nio is unprofitable and burning cash quickly</h2><p>Nio is a rapidly growing company. In the third quarter, its sales rose 46% year over year to RMB17.4 billion. However, it isn&#39;t profitable. Nio lost RMB4.8 billion ($658 million) from operations, which isn&#39;t far from breaking even. With RMB5.3 billion in cash on hand ($726 million), Nio is also in danger of running out of money.</p><p>However, in mid-December 2023, Nio announced a $2.2 billion investment from U.S. investment firm CYVN. This will shore up Nio&#39;s finances momentarily, but the company is in a race with the clock to become profitable.</p><p>The fourth quarter also isn&#39;t looking the greatest. Nio only projected to deliver between 47,000 and 49,000 vehicles, yet exceeded expectations by delivering over 50,000. However, thanks to price cuts, Nio&#39;s revenue was only supposed to grow by about 4% on the high end. While the delivery beat may increase its growth rate, growing revenue in the mid-single digits isn&#39;t a great recipe for a company trying to break even.</p><p>Despite that, Nio trades at a premium to established China EV player BYD.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c11990c61e25e979ab838ec73b9f1ee5\" alt=\"NIO PS Ratio data by YCharts\" title=\"NIO PS Ratio data by YCharts\" tg-width=\"720\" tg-height=\"466\"/><span>NIO PS Ratio data by YCharts</span></p><p>Considering that BYD grew its Q3 revenue at nearly 40%, purchasing Nio instead of BYD doesn&#39;t seem like a smart investment move.</p><p>There&#39;s a reason why smart investment firms like <strong>Berkshire Hathaway </strong>own BYD stock, not Nio (Berkshire owns 8% of BYD). Investing in China is already hard enough; investors don&#39;t need to add more difficulty by investing in upstarts in a highly competitive industry.</p><p>While Nio may have a great product, the stock doesn&#39;t seem worth the risk.</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>Is Nio a Top EV Stock for 2024?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs Nio a Top EV Stock for 2024?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-01-04 16:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2024/01/03/is-nio-a-top-ev-stock-for-2024/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nio is much smaller than other EV giants in China.The company isn't profitable and is running out of cash.While some trends from 2023 may disappear, one that likely won't is the growing percentage of ...</p>\n\n<a href=\"https://www.fool.com/investing/2024/01/03/is-nio-a-top-ev-stock-for-2024/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","NIO.SI":"蔚来","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0971096721.USD":"富达环球金融服务 A","LU0149725797.USD":"汇丰美国股市经济规模基金","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","09866":"蔚来-SW","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","LU0742534661.SGD":"Fidelity America A-SGD (hedged)","LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","BK4550":"红杉资本持仓","BK4588":"碎股","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","LU0251142724.SGD":"Fidelity America A-SGD","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0048573561.USD":"FIDELITY AMERICA \"A\" (USD) INC","NIO":"蔚来","BK4581":"高盛持仓","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","LU0234572021.USD":"高盛美国核心股票组合Acc","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","BK4176":"多领域控股","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD"},"source_url":"https://www.fool.com/investing/2024/01/03/is-nio-a-top-ev-stock-for-2024/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2400820650","content_text":"Nio is much smaller than other EV giants in China.The company isn't profitable and is running out of cash.While some trends from 2023 may disappear, one that likely won't is the growing percentage of the global automobile fleet converting to electric vehicles (EVs). In the U.S., less than 10% of total automobile sales are now EVs. In China, that percentage is higher, with battery electric vehicles (BEVs) accounting for 25% of new sales in September 2023.This makes China a critical EV market for investors, and Nio is a company that often comes up when researching Chinese EV companies. With EVs slated to capture even more market share in 2024, is Nio a good buy right now?Nio is not China's largest EV producerAlthough Nio is a popular Chinese EV investment for U.S. investors, it's far from China's biggest EV maker. That title belongs to BYD (BYDDY). In December, Nio delivered over 18,000 vehicles, up 14% year over year. For 2023, it delivered over 160,000 vehicles, up 31%.In comparison, BYD produced over 3 million cars in 2023 and nearly 309,000 in December alone. So size-wise, Nio isn't even close to BYD.But the two are serving different markets. Nio is focused on the luxury segment, while BYD offers more affordable EVs. As a result, Nio will likely never reach the same scale as BYD, but that doesn't disqualify Nio as a potential investment.However, it should be noted that China's economy isn't doing particularly well. This could spell trouble for Nio if drivers look to cheaper options instead of more premium ones. While it remains to be seen if this will have an effect in 2024, it's something to consider before taking a position in Nio.Another consideration is its financials.Nio is unprofitable and burning cash quicklyNio is a rapidly growing company. In the third quarter, its sales rose 46% year over year to RMB17.4 billion. However, it isn't profitable. Nio lost RMB4.8 billion ($658 million) from operations, which isn't far from breaking even. With RMB5.3 billion in cash on hand ($726 million), Nio is also in danger of running out of money.However, in mid-December 2023, Nio announced a $2.2 billion investment from U.S. investment firm CYVN. This will shore up Nio's finances momentarily, but the company is in a race with the clock to become profitable.The fourth quarter also isn't looking the greatest. Nio only projected to deliver between 47,000 and 49,000 vehicles, yet exceeded expectations by delivering over 50,000. However, thanks to price cuts, Nio's revenue was only supposed to grow by about 4% on the high end. While the delivery beat may increase its growth rate, growing revenue in the mid-single digits isn't a great recipe for a company trying to break even.Despite that, Nio trades at a premium to established China EV player BYD.NIO PS Ratio data by YChartsConsidering that BYD grew its Q3 revenue at nearly 40%, purchasing Nio instead of BYD doesn't seem like a smart investment move.There's a reason why smart investment firms like Berkshire Hathaway own BYD stock, not Nio (Berkshire owns 8% of BYD). Investing in China is already hard enough; investors don't need to add more difficulty by investing in upstarts in a highly competitive industry.While Nio may have a great product, the stock doesn't seem worth the risk.","news_type":1},"isVote":1,"tweetType":1,"viewCount":422,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":210190990938240,"gmtCreate":1692338510020,"gmtModify":1692338515147,"author":{"id":"4133623950260892","authorId":"4133623950260892","name":"Aidukas","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4133623950260892","authorIdStr":"4133623950260892"},"themes":[],"htmlText":"Hold before dye","listText":"Hold before dye","text":"Hold before dye","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/210190990938240","repostId":"2360039064","repostType":2,"repost":{"id":"2360039064","kind":"highlight","pubTimestamp":1692337753,"share":"https://ttm.financial/m/news/2360039064?lang=&edition=fundamental","pubTime":"2023-08-18 13:49","market":"us","language":"en","title":"Got $5,000? 3 Stocks to Hold for the Next 20 Years","url":"https://stock-news.laohu8.com/highlight/detail?id=2360039064","media":"Motley Fool","summary":"These industry-leading businesses need to be on your radar as potential long-term investments.","content":"<html><head></head><body><p>The world is inherently unpredictable. No one could have thought that a global pandemic would happen and bring the economy to a screeching halt. Moreover, supply chain issues, soaring inflation, and rapidly rising interest rates followed. </p><p>This makes trying to invest with a 20-year time horizon seem almost impossible. But there are some clues that investors can identify in specific businesses that warrant owning them for this long. It&#39;s all about durability. </p><p>Let&#39;s take a closer look at why <a href=\"https://laohu8.com/S/AAPL\">Apple</a>, <a href=\"https://laohu8.com/S/NKE\">Nike</a>, and <a href=\"https://laohu8.com/S/SBUX\">Starbucks</a> are three stocks to evenly split a $5,000 investment in, with the intention of holding them for the next 20 years. </p><h2 id=\"id_4040049927\"><a href=\"https://laohu8.com/S/AAPL\">Apple</a></h2><p>The past two decades have seen Apple introduce game-changing products like the iPod, iPhone, iPad, Watch, and AirPods, all to incredible enthusiasm from consumers. And in the past several years, the company&#39;s services segment has been posting strong growth, thanks to offerings like Music, TV+, and Pay. This successful history of innovation and focus on beautiful hardware and user-friendly software is exactly why Apple should remain one of the most valuable companies well into the future. </p><p>The powerful brand resonates with consumers, and it has created a business that seems to print money. Apple generated $111 billion of free cash flow in fiscal 2022 (ended Sept. 24). And as of July 1, the company had $166.5 billion of cash, cash equivalents, and marketable securities on its balance sheet compared to $105.3 billion of debt. This financial strength means that Apple has the resources to invest in new ideas that could move the needle from a growth perspective, like augmented and virtual reality initiatives. </p><p>After producing a stellar return of 243% in the last five years and a 38% return this year alone (as of Aug. 14), Apple shares aren&#39;t cheap, trading at a price-to-earnings ratio of 30. Nonetheless, it might be a safe stock to still consider buying. </p><h2 id=\"id_1555629353\"><a href=\"https://laohu8.com/S/NKE\">Nike</a></h2><p>Having been founded in 1964, Nike has the longest operating history of all the companies on this list. And that longevity has benefited the business in two ways. For starters, Nike&#39;s brand presence is unmatched. Its clothing and footwear products are in huge demand across the world, and customers are willing to pay premium prices for them. The company&#39;s quarterly gross margin has averaged 44.3% over the past five years. </p><p>Being successful for such a long period of time means that Nike has been forced to adapt to change in order to ensure its ultimate survival. The shift to digital and e-commerce and away from brick-and-mortar demonstrates management&#39;s ability to think about changes in consumer behavior. Nike is focused on relying less on wholesale distributors and instead leaning into its own channels.</p><p>The leadership team wants half of all revenue to eventually come from digital sales. This shouldn&#39;t be a problem considering that Nike&#39;s Consumer Direct Acceleration strategy, which started in 2020, prioritizes digitizing operations. </p><p>The next 20 years could look very different from the last 20. That&#39;s because most of Nike&#39;s gains are poised to come from the fast-growing Greater China region, which represented 14% of company revenue in the most recent fiscal quarter (the fourth quarter of 2023, ended May 31).  </p><h2 id=\"id_2884864526\"><a href=\"https://laohu8.com/S/SBUX\">Starbucks</a></h2><p>With over 37,000 stores worldwide as of July 2, Starbucks is already a ubiquitous brand. But executives believe the business can have 55,000 locations open by the end of 2030. Consequently, the expansionary runway still looks to be very big, with a lot of the growth coming from China. </p><p>Like Apple and Nike, Starbucks&#39; brand is the key to its success. And it will continue to play a huge part in how the company fares going forward. Starbucks has been able to sell a commoditized product at premium prices, leading to sizable growth and profitability, primarily because it has found a way to encourage consumers to spend more. </p><p>Starbucks&#39; top-notch rewards program, with 31.4 million active accounts in the U.S., is incredibly valuable. It not only drives customer loyalty that leads to repeat visits, but it also provides the company with an effective way to collect data that can inform product and marketing decisions. </p><p>With a high degree of certainty, investors can be sure that Starbucks will be doing the same thing in 20 years that it&#39;s doing today. By not inviting much technological disruption, the business is better insulated from the threat of competition. And this raises the chances that it is still a successful enterprise two decades from now. </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>Got $5,000? 3 Stocks to Hold for the Next 20 Years</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\">\nGot $5,000? 3 Stocks to Hold for the Next 20 Years\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-08-18 13:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2023/08/17/got-5000-3-stocks-to-hold-for-the-next-20-years/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The world is inherently unpredictable. No one could have thought that a global pandemic would happen and bring the economy to a screeching halt. Moreover, supply chain issues, soaring inflation, and ...</p>\n\n<a href=\"https://www.fool.com/investing/2023/08/17/got-5000-3-stocks-to-hold-for-the-next-20-years/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SBUX":"星巴克","NKE":"耐克","AAPL":"苹果"},"source_url":"https://www.fool.com/investing/2023/08/17/got-5000-3-stocks-to-hold-for-the-next-20-years/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2360039064","content_text":"The world is inherently unpredictable. No one could have thought that a global pandemic would happen and bring the economy to a screeching halt. Moreover, supply chain issues, soaring inflation, and rapidly rising interest rates followed. This makes trying to invest with a 20-year time horizon seem almost impossible. But there are some clues that investors can identify in specific businesses that warrant owning them for this long. It's all about durability. Let's take a closer look at why Apple, Nike, and Starbucks are three stocks to evenly split a $5,000 investment in, with the intention of holding them for the next 20 years. AppleThe past two decades have seen Apple introduce game-changing products like the iPod, iPhone, iPad, Watch, and AirPods, all to incredible enthusiasm from consumers. And in the past several years, the company's services segment has been posting strong growth, thanks to offerings like Music, TV+, and Pay. This successful history of innovation and focus on beautiful hardware and user-friendly software is exactly why Apple should remain one of the most valuable companies well into the future. The powerful brand resonates with consumers, and it has created a business that seems to print money. Apple generated $111 billion of free cash flow in fiscal 2022 (ended Sept. 24). And as of July 1, the company had $166.5 billion of cash, cash equivalents, and marketable securities on its balance sheet compared to $105.3 billion of debt. This financial strength means that Apple has the resources to invest in new ideas that could move the needle from a growth perspective, like augmented and virtual reality initiatives. After producing a stellar return of 243% in the last five years and a 38% return this year alone (as of Aug. 14), Apple shares aren't cheap, trading at a price-to-earnings ratio of 30. Nonetheless, it might be a safe stock to still consider buying. NikeHaving been founded in 1964, Nike has the longest operating history of all the companies on this list. And that longevity has benefited the business in two ways. For starters, Nike's brand presence is unmatched. Its clothing and footwear products are in huge demand across the world, and customers are willing to pay premium prices for them. The company's quarterly gross margin has averaged 44.3% over the past five years. Being successful for such a long period of time means that Nike has been forced to adapt to change in order to ensure its ultimate survival. The shift to digital and e-commerce and away from brick-and-mortar demonstrates management's ability to think about changes in consumer behavior. Nike is focused on relying less on wholesale distributors and instead leaning into its own channels.The leadership team wants half of all revenue to eventually come from digital sales. This shouldn't be a problem considering that Nike's Consumer Direct Acceleration strategy, which started in 2020, prioritizes digitizing operations. The next 20 years could look very different from the last 20. That's because most of Nike's gains are poised to come from the fast-growing Greater China region, which represented 14% of company revenue in the most recent fiscal quarter (the fourth quarter of 2023, ended May 31).  StarbucksWith over 37,000 stores worldwide as of July 2, Starbucks is already a ubiquitous brand. But executives believe the business can have 55,000 locations open by the end of 2030. Consequently, the expansionary runway still looks to be very big, with a lot of the growth coming from China. Like Apple and Nike, Starbucks' brand is the key to its success. And it will continue to play a huge part in how the company fares going forward. Starbucks has been able to sell a commoditized product at premium prices, leading to sizable growth and profitability, primarily because it has found a way to encourage consumers to spend more. Starbucks' top-notch rewards program, with 31.4 million active accounts in the U.S., is incredibly valuable. It not only drives customer loyalty that leads to repeat visits, but it also provides the company with an effective way to collect data that can inform product and marketing decisions. With a high degree of certainty, investors can be sure that Starbucks will be doing the same thing in 20 years that it's doing today. By not inviting much technological disruption, the business is better insulated from the threat of competition. And this raises the chances that it is still a successful enterprise two decades from now.","news_type":1},"isVote":1,"tweetType":1,"viewCount":497,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":209187705987096,"gmtCreate":1692108200492,"gmtModify":1692108205292,"author":{"id":"4133623950260892","authorId":"4133623950260892","name":"Aidukas","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4133623950260892","authorIdStr":"4133623950260892"},"themes":[],"htmlText":"Go upp,just need wait.","listText":"Go upp,just need wait.","text":"Go upp,just need wait.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/209187705987096","repostId":"2359811243","repostType":2,"repost":{"id":"2359811243","kind":"highlight","pubTimestamp":1692100620,"share":"https://ttm.financial/m/news/2359811243?lang=&edition=fundamental","pubTime":"2023-08-15 19:57","market":"us","language":"en","title":"Alibaba Stock Reveals Doubts That Latest China Rate Cuts Can Save Economy","url":"https://stock-news.laohu8.com/highlight/detail?id=2359811243","media":"marketwatch","summary":"Alibaba stock was muted despite a move from China’s central bank to boost consumption.              Dreamstime               The stock market doesn’t believe that the latest stimulus from China will b","content":"<html><body><div itemprop=\"articleBody\"> <div> <div> <div aria-hidden=\"true\"></div> </div> </div> <div> <div> <div aria-label=\"Listen to Article\" role=\"region\" tabindex=\"-1\"> </div> </div> </div> <div> <figure itemscope=\"\" itemtype=\"http://schema.org/ImageObject\"> <div> <img itemprop=\"contentUrl\" sizes=\"(max-width: 639px) 100vw, (max-width: 979px) 300px, (max-width: 1299px) 300px, 300px\" src=\"https://images.barrons.com/im-803045?width=639&amp;height=426\" srcset=\"https://images.barrons.com/im-803045?width=300&amp;size=1.5 300w, https://images.barrons.com/im-803045?width=639&amp;size=1.5 639w, https://images.barrons.com/im-803045?width=639&amp;size=1.5&amp;pixel_ratio=1.5 958w, https://images.barrons.com/im-803045?width=639&amp;size=1.5&amp;pixel_ratio=2 1278w, https://images.barrons.com/im-803045?width=639&amp;size=1.5&amp;pixel_ratio=3 1917w\" title=\"\"/> </div> <figcaption itemprop=\"caption\"> <h4>Alibaba stock was muted despite a move from China’s central bank to boost consumption.</h4> <span itemprop=\"creator\">             Dreamstime           </span> </figcaption> </figure> </div> <p>The stock market doesn’t believe that the latest stimulus from China will be enough to save the world’s second-largest economy. Just look at          Alibaba<span>.</span> </p> <p>Shares in          Alibaba        (ticker: BABA) fell 0.7% in U.S. premarket trading on Tuesday, poised to extend declines after the stock dropped 2.4% on Monday. It’s not the move shareholders want to see after China’s central bank cut a spate of lending rates to shore up the country’s economy and boost consumption. At the start of the year, investors were expecting a strong recovery in 2023 after pandemic lockdowns were lifted.</p> <div> <p>The People’s Bank of China on Tuesday lowered its seven-day reverse repo rate, a main rate for short-term bank liquidity, to 1.8% from 1.9%. The central bank also cut its one-year medium-term lending facility rate to 2.5% from 2.65%—the biggest downshift of that benchmark since April 2020 and the early days of the Covid-19 pandemic.</p> <p>“The most urgent goal now is to stimulate household consumption, and it is necessary to use all reasonable, legally compliant and economic channels to put money in residents’ pockets,” Cai Fang, a member of the PBOC’s monetary policy committee, wrote in statement published on local social media late Monday, Bloomberg reported.</p> <p>One of China’s largest companies and an e-commerce giant, Alibaba is a good bellwether for domestic economic trends and is sensitive to the Chinese consumer. The          Dow Jones Industrial Average        and          S&amp;P 500        are both set to fall on Tuesday amid a bevy of pressures, but a slip in Alibaba stock signals that investors are specifically gloomy about the efficacy of what increasingly looks like desperate Chinese stimulus.</p> <p>China’s economy fell into a rut in 2022 as the government’s severe zero-Covid lockdown policies stifled a recovery from the pandemic felt elsewhere. Hopes were high for 2023 to deliver a rebound, but it has yet to materialize. </p> <p>“Monetary stimulus is of limited use in the current environment and won’t be enough, on its own at least, to put a floor beneath growth,” Julian Evans-Pritchard, the head of China economics at research group Capital Economics, wrote in a Tuesday note.</p> <p>Multiple metrics now suggest China’s economic slowdown is getting worse—a trend that is weighing on global markets—including underwhelming retail sales and industrial production data released on Tuesday. A crisis in the sprawling and distressed property sector, and the possibility of spillover, add to the gloom.</p> <p>“But the PBOC tends to use changes in policy rates as a signalling tool, with the heavy lifting being done by other tools such as adjustments to reserve requirements and bank loan quotas,” Evans-Pritchard added. “Today’s cut suggests that these tools will be deployed too, consistent with the PBOC’s promise of further monetary easing.”</p> <p>But so far the move looks like another disappointment. While, as Evans-Pritchard said, it telegraphs even more action, it puts the emphasis on a maybe-next-time approach for investors currently looking for the upside in the selloff across Chinese names like Alibaba.</p> <p>Write to Jack Denton at jack.denton@barrons.com</p> </div> </div></body></html>","source":"mwatch_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>Alibaba Stock Reveals Doubts That Latest China Rate Cuts Can Save Economy</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 Stock Reveals Doubts That Latest China Rate Cuts Can Save Economy\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-08-15 19:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/articles/alibaba-stock-doubts-china-rate-cuts-pandemic-ecb8e50e?mod=newsviewer_click><strong>marketwatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Alibaba stock was muted despite a move from China’s central bank to boost consumption.              Dreamstime               The stock market doesn’t believe that the latest stimulus from China will ...</p>\n\n<a href=\"https://www.marketwatch.com/articles/alibaba-stock-doubts-china-rate-cuts-pandemic-ecb8e50e?mod=newsviewer_click\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://images.barrons.com/im-803045?size=1.777777777777778&width=220 220w","relate_stocks":{"BK4558":"双十一","LU0821914370.USD":"贝莱德亚洲成长领袖A2","BK4587":"ChatGPT概念","LU1688375341.USD":"贝莱德中国灵活股票基金","BK4220":"综合零售","BK4535":"淡马锡持仓","BK4524":"宅经济概念","BK4527":"明星科技股","BK4538":"云计算","BK4579":"人工智能","BK4526":"热门中概股","BK4588":"碎股","09988":"阿里巴巴-W","LU0651946864.USD":"贝莱德新兴市场股票收益A2","BK4503":"景林资产持仓","LU1880383366.USD":"东方汇理中国股票基金 A2 (C)","BK4122":"互联网与直销零售","LU1051768304.USD":"贝莱德新兴市场股票收益A6","BK4502":"阿里概念","BK4505":"高瓴资本持仓","LU1046422090.SGD":"Fidelity Pacific A-SGD","BK4581":"高盛持仓","LU1515016050.SGD":"Blackrock Emerging Markets Equity Income A6 SGD-H","BK4504":"桥水持仓","IE00B0JY6N72.USD":"PINEBRIDGE GLOBAL EMERGING MARKETS FOCUS EQUITY \"A\" (USD) ACC","BK4548":"巴美列捷福持仓","LU0052756011.USD":"TEMPLETON GLOBAL BALANCED \"A\" (USD) INC","LU0251143458.SGD":"Fidelity Emerging Markets A-SGD","BK4565":"NFT概念","LU1267930227.SGD":"TEMPLETON GLOBAL BALANCED \"AS\" (SGD) ACC A","BK4554":"元宇宙及AR概念","LU0128525689.USD":"TEMPLETON GLOBAL BALANCED \"A\"(USD) ACC","BK4531":"中概回港概念","BK4575":"芯片概念","BK4534":"瑞士信贷持仓","BK4585":"ETF&股票定投概念","LU0310800965.SGD":"FTIF - Templeton Global Balanced A Acc SGD","LU1048596156.SGD":"Blackrock Asian Growth Leaders A2 SGD-H","BK4533":"AQR资本管理(全球第二大对冲基金)","BABA":"阿里巴巴"},"source_url":"https://www.marketwatch.com/articles/alibaba-stock-doubts-china-rate-cuts-pandemic-ecb8e50e?mod=newsviewer_click","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2359811243","content_text":"Alibaba stock was muted despite a move from China’s central bank to boost consumption.              Dreamstime               The stock market doesn’t believe that the latest stimulus from China will be enough to save the world’s second-largest economy. Just look at          Alibaba.  Shares in          Alibaba        (ticker: BABA) fell 0.7% in U.S. premarket trading on Tuesday, poised to extend declines after the stock dropped 2.4% on Monday. It’s not the move shareholders want to see after China’s central bank cut a spate of lending rates to shore up the country’s economy and boost consumption. At the start of the year, investors were expecting a strong recovery in 2023 after pandemic lockdowns were lifted.  The People’s Bank of China on Tuesday lowered its seven-day reverse repo rate, a main rate for short-term bank liquidity, to 1.8% from 1.9%. The central bank also cut its one-year medium-term lending facility rate to 2.5% from 2.65%—the biggest downshift of that benchmark since April 2020 and the early days of the Covid-19 pandemic. “The most urgent goal now is to stimulate household consumption, and it is necessary to use all reasonable, legally compliant and economic channels to put money in residents’ pockets,” Cai Fang, a member of the PBOC’s monetary policy committee, wrote in statement published on local social media late Monday, Bloomberg reported. One of China’s largest companies and an e-commerce giant, Alibaba is a good bellwether for domestic economic trends and is sensitive to the Chinese consumer. The          Dow Jones Industrial Average        and          S&P 500        are both set to fall on Tuesday amid a bevy of pressures, but a slip in Alibaba stock signals that investors are specifically gloomy about the efficacy of what increasingly looks like desperate Chinese stimulus. China’s economy fell into a rut in 2022 as the government’s severe zero-Covid lockdown policies stifled a recovery from the pandemic felt elsewhere. Hopes were high for 2023 to deliver a rebound, but it has yet to materialize.  “Monetary stimulus is of limited use in the current environment and won’t be enough, on its own at least, to put a floor beneath growth,” Julian Evans-Pritchard, the head of China economics at research group Capital Economics, wrote in a Tuesday note. Multiple metrics now suggest China’s economic slowdown is getting worse—a trend that is weighing on global markets—including underwhelming retail sales and industrial production data released on Tuesday. A crisis in the sprawling and distressed property sector, and the possibility of spillover, add to the gloom. “But the PBOC tends to use changes in policy rates as a signalling tool, with the heavy lifting being done by other tools such as adjustments to reserve requirements and bank loan quotas,” Evans-Pritchard added. “Today’s cut suggests that these tools will be deployed too, consistent with the PBOC’s promise of further monetary easing.” But so far the move looks like another disappointment. While, as Evans-Pritchard said, it telegraphs even more action, it puts the emphasis on a maybe-next-time approach for investors currently looking for the upside in the selloff across Chinese names like Alibaba. Write to Jack Denton at jack.denton@barrons.com","news_type":1},"isVote":1,"tweetType":1,"viewCount":456,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":206402351644776,"gmtCreate":1691400722071,"gmtModify":1691400725173,"author":{"id":"4133623950260892","authorId":"4133623950260892","name":"Aidukas","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4133623950260892","authorIdStr":"4133623950260892"},"themes":[],"htmlText":"Thieves","listText":"Thieves","text":"Thieves","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/206402351644776","repostId":"2357463377","repostType":2,"isVote":1,"tweetType":1,"viewCount":423,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":202109998841904,"gmtCreate":1690349849449,"gmtModify":1690349852467,"author":{"id":"4133623950260892","authorId":"4133623950260892","name":"Aidukas","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4133623950260892","authorIdStr":"4133623950260892"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/202109998841904","repostId":"2354337617","repostType":2,"isVote":1,"tweetType":1,"viewCount":375,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9970060341,"gmtCreate":1683723421384,"gmtModify":1683723424832,"author":{"id":"4133623950260892","authorId":"4133623950260892","name":"Aidukas","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4133623950260892","authorIdStr":"4133623950260892"},"themes":[],"htmlText":"Thieves","listText":"Thieves","text":"Thieves","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970060341","repostId":"2334220259","repostType":2,"isVote":1,"tweetType":1,"viewCount":459,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9970017771,"gmtCreate":1683716592893,"gmtModify":1683716597032,"author":{"id":"4133623950260892","authorId":"4133623950260892","name":"Aidukas","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4133623950260892","authorIdStr":"4133623950260892"},"themes":[],"htmlText":"THIEVES","listText":"THIEVES","text":"THIEVES","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970017771","repostId":"2334264278","repostType":2,"repost":{"id":"2334264278","kind":"highlight","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":1683654180,"share":"https://ttm.financial/m/news/2334264278?lang=&edition=fundamental","pubTime":"2023-05-10 01:43","market":"us","language":"en","title":"Tonix Pharmaceuticals Shares Down 20%, Company Plans Another Reverse Stock Split","url":"https://stock-news.laohu8.com/highlight/detail?id=2334264278","media":"Dow Jones","summary":"By Josh Beckerman \n\n\n \n\n\n  Shares of Tonix Pharmaceuticals Holding fell 20% to 41 cents on Tuesday a","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Josh Beckerman \n</p>\n<pre>\n \n</pre>\n<p>\n  Shares of Tonix Pharmaceuticals Holding fell 20% to 41 cents on Tuesday after the company said it would conduct its second reverse stock split in less than a year. \n</p>\n<p>\n  The shares approaching their 52-week low of 29 cents and have fallen 90% in the last 12 months. \n</p>\n<p>\n  The biopharmaceutical company said a 1-for-6.25 reverse split will be effective for trading purposes on Wednesday. The move is intended to increase the per-share trading price to meet Nasdaq's $1 minimum bid price requirement. \n</p>\n<p>\n  The company completed a 1-for-32 reverse split effective on May 17, 2022. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Josh Beckerman at josh.beckerman@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 09, 2023 13:43 ET (17:43 GMT)\n</p>\n<p>\n  Copyright (c) 2023 Dow Jones &amp; Company, Inc.\n</p>\n</font>","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>Tonix Pharmaceuticals Shares Down 20%, Company Plans Another Reverse Stock Split</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\">\nTonix Pharmaceuticals Shares Down 20%, Company Plans Another Reverse Stock Split\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\">2023-05-10 01:43</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Josh Beckerman \n</p>\n<pre>\n \n</pre>\n<p>\n  Shares of Tonix Pharmaceuticals Holding fell 20% to 41 cents on Tuesday after the company said it would conduct its second reverse stock split in less than a year. \n</p>\n<p>\n  The shares approaching their 52-week low of 29 cents and have fallen 90% in the last 12 months. \n</p>\n<p>\n  The biopharmaceutical company said a 1-for-6.25 reverse split will be effective for trading purposes on Wednesday. The move is intended to increase the per-share trading price to meet Nasdaq's $1 minimum bid price requirement. \n</p>\n<p>\n  The company completed a 1-for-32 reverse split effective on May 17, 2022. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Josh Beckerman at josh.beckerman@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 09, 2023 13:43 ET (17:43 GMT)\n</p>\n<p>\n  Copyright (c) 2023 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4583":"猴痘概念","BK4139":"生物科技","TNXP":"Tonix Pharmaceuticals Holding Co"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2334264278","content_text":"By Josh Beckerman \n\n\n \n\n\n  Shares of Tonix Pharmaceuticals Holding fell 20% to 41 cents on Tuesday after the company said it would conduct its second reverse stock split in less than a year. \n\n\n  The shares approaching their 52-week low of 29 cents and have fallen 90% in the last 12 months. \n\n\n  The biopharmaceutical company said a 1-for-6.25 reverse split will be effective for trading purposes on Wednesday. The move is intended to increase the per-share trading price to meet Nasdaq's $1 minimum bid price requirement. \n\n\n  The company completed a 1-for-32 reverse split effective on May 17, 2022. \n\n\n \n\n\n  Write to Josh Beckerman at josh.beckerman@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 09, 2023 13:43 ET (17:43 GMT)\n\n\n  Copyright (c) 2023 Dow Jones & Company, Inc.","news_type":1},"isVote":1,"tweetType":1,"viewCount":270,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9947676400,"gmtCreate":1683127120400,"gmtModify":1683127124299,"author":{"id":"4133623950260892","authorId":"4133623950260892","name":"Aidukas","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4133623950260892","authorIdStr":"4133623950260892"},"themes":[],"htmlText":"One more theft of thieves...","listText":"One more theft of thieves...","text":"One more theft of thieves...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9947676400","repostId":"2332985143","repostType":2,"repost":{"id":"2332985143","kind":"highlight","weMediaInfo":{"introduction":"Share your news with media, investors, and consumers with targeted distribution options from one of the world’s largest and most trusted newswires.","home_visible":1,"media_name":"GlobeNewswire","id":"1016364462","head_image":"https://static.tigerbbs.com/31bb960c88eab45f27ccc9fce75dee9a"},"pubTimestamp":1682956200,"share":"https://ttm.financial/m/news/2332985143?lang=&edition=fundamental","pubTime":"2023-05-01 23:50","market":"hk","language":"en","title":"Bionano Announces the Publication of Stockholder Letter Regarding Support for Proxy Proposal","url":"https://stock-news.laohu8.com/highlight/detail?id=2332985143","media":"GlobeNewswire","summary":"SAN DIEGO, May  01, 2023  (GLOBE NEWSWIRE) -- Bionano Genomics, Inc. (BNGO), today announced that on","content":"<html><body><p>SAN DIEGO, May  01, 2023  (GLOBE NEWSWIRE) -- <a href=\"https://laohu8.com/S/BNGO\">Bionano Genomics</a>, Inc. (BNGO), today announced that on May 1, 2023, it published an open letter to stockholders in support of its proposals at its upcoming annual meeting of stockholders, a copy of which is included at the end of this press release. <br/></p> <p><strong>Details of the Annual Meeting of Stockholders</strong></p> <p>The annual meeting of stockholders will be held virtually, via live webcast at www.virtualshareholdermeeting.com/BNGO2023, on June 14, 2023, at 10:00 a.m. Pacific Time. Stockholders of record as of April 24, 2023, may vote at the annual meeting or by proxy over the telephone, through the internet or using the Notice of Internet Availability of Proxy Materials mailed to such stockholders. Stockholders may change their vote at any time before the final vote at the annual meeting.</p> <p>Details regarding voting procedures are included in the Company’s proxy statement for the annual meeting, filed with the U.S. Securities and Exchange Commission on April 28, 2023.</p> <p><strong>About Bionano Genomics</strong></p> <p>Bionano Genomics is a provider of genome analysis solutions that can enable researchers and clinicians to reveal answers to challenging questions in biology and medicine. The Company’s mission is to transform the way the world sees the genome through OGM solutions, diagnostic services and software. The Company offers OGM solutions for applications across basic, translational and clinical research. Through its Lineagen, Inc. d/b/a Bionano Laboratories business, the Company also provides diagnostic testing for patients with clinical presentations consistent with autism spectrum disorder and other neurodevelopmental disabilities. Through its BioDiscovery business, the Company also offers an industry-leading, platform-agnostic software solution, which integrates next-generation sequencing and microarray data designed to provide analysis, visualization, interpretation and reporting of copy number variants, single-nucleotide variants and absence of heterozygosity across the genome in one consolidated view. For more information, visit www.bionano.com, www.bionanolaboratories.com or www.biodiscovery.com.</p> <p><strong>Letter to Stockholders</strong></p> <p>May 1, 2023</p> <p>Re: <strong><u>Stockholder Action Letter: Request for Vote!</u></strong></p> <p>Dear Fellow Stockholders:</p> <p>I am writing to ask for your support on the proposals described in our 2023 Definitive Proxy Statement, filed with the SEC on April 28, 2023. In particular, I am asking you to vote FOR Proposal 4, the reverse split proposal. We believe that if the reverse split proposal is not approved, our ability to prudently raise capital may be compromised, our ability to attract and retain critical talent may be impacted, and our ability to act strategically with regard to the use of our equity in future opportunistic transactions may be constrained, among other things. Implementing a reverse split would provide the flexibility we need to use our common stock for business and/or financial purposes. Our reverse split proposal is a request to support a constructive tool that we believe is essential to achieving our long-term goals.</p> <p><strong>Bionano’s business has been progressing and still requires ongoing innovation and investment.</strong></p> <p>Bionano is focused on transforming traditional cytogenetic workflows into a modern, molecular workflow based on optical genome mapping (OGM). Current cytogenetic workflows are antiquated, slow and fail to provide useful results in roughly 50% of cases. Numerous published studies from laboratories and hospitals around the world have demonstrated that OGM has the potential to replace traditional cytogenetic methods, including fluorescence <em>in situ</em> hybridization (FISH), karyotyping, southern blot and chromosomal microarrays, with the OGM workflow as an alternative that is streamlined, yields useful results in substantially more samples, is less costly, and is simpler and faster. OGM has applications in cancer, genetic disease and cell bioprocessing quality control for drug development.</p> <p>We have made extraordinary progress since the summer of 2020, enabled by the advancements in market development and product development, and accelerated by the capital we raised in early 2021.</p> <ul><li><strong>Our annual revenue grew 227% between 2020 and 2022,</strong> from $8.5M in 2020, to $17.9M in 2021, to $27.8M in 2022</li><li><strong>The installed base of Saphyr® systems for OGM grew 147%</strong> <strong>between 2020 and 2022, </strong>from 97 as of the end of 2020, to 164 as of the end of 2021, to 240 as of the end of 2022</li><li><strong>Sales of nanochannel array flow cells grew substantially </strong>with 6,013 sold in 2020, 12,518 sold in 2021 and 15,375 sold in 2022</li><li><strong>Performance of our products has improved significantly</strong> since the launch of the Saphyr system in 2017, including a 13-fold increase in OGM throughput and a reduction in the price of analyzing a single genome from $1,500 to as low as $450</li><li><strong>Publications describing OGM in clinical research grew substantially</strong> from 23 as of the end of 2020, to 53 as of the end of 2021, to 108 as of the end of 2022 and the number of published clinical genomes using OGM grew from 214 in 2020, to 1,478 in 2021, to 3,092 at the end of 2022</li><li><strong>Our product portfolio in clinical services, which began with an acquisition in 2020, has expanded to include OGM-based laboratory developed tests (LDTs)</strong> for use in diagnosing a genetic disease known as facioscapulohumeral dystrophy (FSHD) and blood cancers such as different forms of leukemia</li><li><strong>Bionano has completed two acquisitions</strong> that we believe will enable delivery of a streamlined and simplified end-to-end workflow for OGM, a key requirement for routine use customers<br/></li></ul> <p>We believe the progress made in the preceding three years reflects the early adoption of OGM by clinical researchers seeking to adopt a new and novel method and demonstrate its utility. Going forward, our strategy for 2023 through 2025 is to continue that momentum and, among other things, achieve between a 30% to 50% compound annual growth rate for revenue. Our 2023 to 2025 strategy includes:</p> <ul><li><strong>Develop and launch significant new products</strong> <ul><li>Our next generation optical genome mapping system will have an increased throughput of approximately four times that of the current Saphyr system at launch and is expected to eventually reach a 13-fold increase in throughput</li><li>A version of our VIA™ software (currently named NxClinical™) which will integrate OGM data for data visualization, analysis and interpretation alongside next-generation sequencing (NGS) and other data types</li><li>A consumable and protocol for isolation of ultra-high molecular weight (UHMW) DNA for use with isotachophoresis (ITP) on the Ionic® system for automated nucleic acid isolation</li></ul> </li><li><strong>Continue developing the market for OGM and clearing the path for reimbursement</strong> of OGM through clinical research and seek FDA clearance to market OGM for clinical use <ul><li>Our clinical studies for genome analysis in pre-natal and post-natal conditions, blood cancers and solid-tumor cancers are expected to continue. We believe the volume of samples analyzed and published combined with health-economic analysis have the potential to result in OGM being included in professional societies’ guidelines for clinical testing.</li><li>We plan to submit an application for a local coverage decision (LCD) to Medicare for reimbursement coverage of OGM for hematologic malignancies.</li><li>We will begin preliminary pre-submission discussion with the FDA regarding clearance of OGM in 2023.</li></ul> </li><li><strong>Retaining and adding key talent</strong> to expand our commercial footprint globally, to develop new applications of OGM and to translate OGM into a technique that is used routinely throughout genome analysis<br/></li></ul> <p><strong>A vote FOR Proposal 4 would enable management to invest prudently in the business and to continue driving progress</strong></p> <p>We believe it is imperative for stockholders to authorize Bionano’s Board of Directors to effect a reverse split, as outlined in Proposal 4, to continue and potentially accelerate the momentum begun in 2020 and to deliver on the strategy outlined above. There are three primary outcomes of a reverse split that management believes are critical to realize:</p> <ul><li><strong>A reverse split would result in potential improvement in the marketability and liquidity of our common stock. </strong>We believe that a higher stock price would make our common stock more attractive to a broader range of institutional and other investors, which we believe would improve the marketability and liquidity of our common stock and increase interest and trading in our common stock, including by long-term institutional investors and funds who may not find our shares attractive at its current trading price.</li><li><strong>A reverse split would effectively increase the number of shares of common stock available to issue.</strong> A reverse split would decrease the number of shares of common stock outstanding but would not impact the number of our authorized shares of common stock. At this time, the current number of authorized and unreserved shares available for future issuance: (i) is insufficient to meet our anticipated future capital requirements through equity financings, including pursuant to our “at-the-market” sales agreement with Cowen and Company, LLC; (ii) is insufficient to provide future equity incentive opportunities, which may impact our ability to attract and retain the talent we believe is important to the success of the company; and (iii) may unduly constrain our ability to act strategically with regard to the use of our equity in future opportunistic transactions. Implementing a reverse split would provide the flexibility we need to use our common stock for business and/or financial purposes.</li><li><strong>A reverse split would support ongoing compliance with Nasdaq listing requirements</strong>. Our common stock is listed on the Nasdaq Capital Market, which has as one of its continued listing requirements a minimum bid price of at least $1.00 per share. The closing price of our common stock for the ten consecutive business days between April 17 and April 28 was below $1.00, reaching a low of $0.68 per share on April 21. If the closing price of our common stock remains below $1.00 for 30 consecutive business days, we would fall out of compliance with the minimum bid price requirement. If we were to fail to regain compliance, our common stock could be subject to delisting from the Nasdaq Capital Market, which may lead to a loss of confidence of our customers, collaborators, vendors and employees, which could do irreparable harm to our business and future prospects.<br/></li></ul> <p>In order to ensure that we can respect the voices of those who vote, we issued one share of Series A Preferred Stock to the Chairman of our Board of Directors. The share of Series A Preferred Stock has 3,000,000,000 votes, but those votes must be voted in the same proportion as the votes cast by our common stockholders and can only vote on Proposal 4. The votes of the preferred share would not change the voice of shareholders who vote but would simply mirror their votes so that in the event there are more than a majority of the votes cast in favor of Proposal 4, there should be enough votes to pass the proposal. The Series A Preferred Stock will be redeemed and retired automatically after approval of a reverse stock split proposal pursuant to its terms.</p> <p>For other companies, a request for authorization to effect a reverse split may reflect a sign of distress. We believe that the reverse split proposal is not a sign of distress for Bionano. Instead, it is a mechanism to enable management to prudently raise capital in support of our long-term strategy.</p> <p>Please support management by voting FOR all proxy proposals. Most importantly please support management by voting FOR Proposal 4.</p> <p>Sincerely,</p> <p>Erik Holmlin, PhD<br/>President and CEO<br/>Bionano Genomics, Inc.</p> <p><strong><em>Forward-Looking Statements</em></strong></p> <p><em>This letter contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “continue,” “could,” “expect,” “intend,” “may,” “plan,” “will,” “should” and similar expressions (as well as other words or expressions referencing future events, conditions or circumstances) convey uncertainty of future events or outcomes and are intended to identify these forward-looking statements. Forward-looking statements include statements regarding our intentions, beliefs, projections, outlook, analyses or current expectations concerning, among other things: (1) the anticipated benefits of the reverse split, including on the marketability and liquidity of our common stock, our ability to execute on our long-term strategy and our compliance with Nasdaq listing requirements; (2) the utility of OGM for applications cancer, genetic disease and cell bioprocessing quality control, and its ability to complement or replace traditional cytogenomic methods for analysis of structural variations; (3) our anticipated goals and milestones for OGM and Bionano, including improved adoption of OGM, reimbursement of OGM through clinical research and FDA clearance to market OGM for clinical use; (4) our growth prospects and estimates regarding future financial performance and operating results; (5) our future products and features, including the performance of these products and their sample processing capacity; and (6) our anticipated growth strategies and anticipated trends in our business. Each of these forward-looking statements involves risks and uncertainties. Actual results or developments may differ materially from those projected or implied in these forward-looking statements. Factors that may cause such a difference include the risks and uncertainties associated with: the impact of geopolitical and macroeconomic developments, such as recent and potential future bank failures, the ongoing Ukraine-Russia conflict, related sanctions and the COVID-19 pandemic, on our business and the global economy; challenges inherent in developing, manufacturing and commercializing products; our ability to further deploy new products and applications and expand the markets for our technology platforms; third parties’ abilities to manufacture our instruments and consumables; our assumptions, expectations and beliefs regarding future growth of the business and the markets in which we operate; the completion and success of our clinical studies; the success of products competitive with our own; changes in our strategic and commercial plans; the application of generally accepted accounting principles, which are highly complex and involve many subjective assumptions; study results that are different from or contradict the results presented in this letter; our assumptions and estimates regarding our future financial performance and results of operations; our ability to obtain sufficient financing to fund our strategic plans and commercialization efforts; and the risks and uncertainties associated with our business and financial condition in general, including the risks and uncertainties described in our filings with the Securities and Exchange Commission, including, without limitation, our Annual Report on Form 10-K for the year ended December 31, 2022 and in other filings subsequently made by us with the Securities and Exchange Commission. All forward-looking statements contained in this press release speak only as of the date on which they were made and are based on management’s assumptions and estimates as of such date. We do not undertake any obligation to publicly update any forward-looking statements, whether as a result of the receipt of new information, the occurrence of future events or otherwise, except as required by law.</em></p> <p><strong>CONTACTS</strong></p> <p><strong>Company Contact:</strong><br/>Erik Holmlin, CEO<br/>Bionano Genomics, Inc.<br/>+1 (858) 888-7610<br/>eholmlin@bionano.com</p> <p><strong>Investor Relations:</strong><br/>David Holmes<br/>Gilmartin Group<br/>+1 (858) 888-7625<br/>IR@bionano.com</p> <br/><img referrerpolicy=\"no-referrer-when-downgrade\" src=\"https://ml.globenewswire.com/media/OWQ4OTgzNDctZTBhNy00YzlhLTkzOTAtNjcyMDg0ZWQ2NDk5LTUwMDA1MjUyMQ==/tiny/Bionano-Genomics.png\"/></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>Bionano Announces the Publication of Stockholder Letter Regarding Support for Proxy Proposal</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\">\nBionano Announces the Publication of Stockholder Letter Regarding Support for Proxy Proposal\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1016364462\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/31bb960c88eab45f27ccc9fce75dee9a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">GlobeNewswire </p>\n<p class=\"h-time\">2023-05-01 23:50</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>SAN DIEGO, May  01, 2023  (GLOBE NEWSWIRE) -- <a href=\"https://laohu8.com/S/BNGO\">Bionano Genomics</a>, Inc. (BNGO), today announced that on May 1, 2023, it published an open letter to stockholders in support of its proposals at its upcoming annual meeting of stockholders, a copy of which is included at the end of this press release. <br/></p> <p><strong>Details of the Annual Meeting of Stockholders</strong></p> <p>The annual meeting of stockholders will be held virtually, via live webcast at www.virtualshareholdermeeting.com/BNGO2023, on June 14, 2023, at 10:00 a.m. Pacific Time. Stockholders of record as of April 24, 2023, may vote at the annual meeting or by proxy over the telephone, through the internet or using the Notice of Internet Availability of Proxy Materials mailed to such stockholders. Stockholders may change their vote at any time before the final vote at the annual meeting.</p> <p>Details regarding voting procedures are included in the Company’s proxy statement for the annual meeting, filed with the U.S. Securities and Exchange Commission on April 28, 2023.</p> <p><strong>About Bionano Genomics</strong></p> <p>Bionano Genomics is a provider of genome analysis solutions that can enable researchers and clinicians to reveal answers to challenging questions in biology and medicine. The Company’s mission is to transform the way the world sees the genome through OGM solutions, diagnostic services and software. The Company offers OGM solutions for applications across basic, translational and clinical research. Through its Lineagen, Inc. d/b/a Bionano Laboratories business, the Company also provides diagnostic testing for patients with clinical presentations consistent with autism spectrum disorder and other neurodevelopmental disabilities. Through its BioDiscovery business, the Company also offers an industry-leading, platform-agnostic software solution, which integrates next-generation sequencing and microarray data designed to provide analysis, visualization, interpretation and reporting of copy number variants, single-nucleotide variants and absence of heterozygosity across the genome in one consolidated view. For more information, visit www.bionano.com, www.bionanolaboratories.com or www.biodiscovery.com.</p> <p><strong>Letter to Stockholders</strong></p> <p>May 1, 2023</p> <p>Re: <strong><u>Stockholder Action Letter: Request for Vote!</u></strong></p> <p>Dear Fellow Stockholders:</p> <p>I am writing to ask for your support on the proposals described in our 2023 Definitive Proxy Statement, filed with the SEC on April 28, 2023. In particular, I am asking you to vote FOR Proposal 4, the reverse split proposal. We believe that if the reverse split proposal is not approved, our ability to prudently raise capital may be compromised, our ability to attract and retain critical talent may be impacted, and our ability to act strategically with regard to the use of our equity in future opportunistic transactions may be constrained, among other things. Implementing a reverse split would provide the flexibility we need to use our common stock for business and/or financial purposes. Our reverse split proposal is a request to support a constructive tool that we believe is essential to achieving our long-term goals.</p> <p><strong>Bionano’s business has been progressing and still requires ongoing innovation and investment.</strong></p> <p>Bionano is focused on transforming traditional cytogenetic workflows into a modern, molecular workflow based on optical genome mapping (OGM). Current cytogenetic workflows are antiquated, slow and fail to provide useful results in roughly 50% of cases. Numerous published studies from laboratories and hospitals around the world have demonstrated that OGM has the potential to replace traditional cytogenetic methods, including fluorescence <em>in situ</em> hybridization (FISH), karyotyping, southern blot and chromosomal microarrays, with the OGM workflow as an alternative that is streamlined, yields useful results in substantially more samples, is less costly, and is simpler and faster. OGM has applications in cancer, genetic disease and cell bioprocessing quality control for drug development.</p> <p>We have made extraordinary progress since the summer of 2020, enabled by the advancements in market development and product development, and accelerated by the capital we raised in early 2021.</p> <ul><li><strong>Our annual revenue grew 227% between 2020 and 2022,</strong> from $8.5M in 2020, to $17.9M in 2021, to $27.8M in 2022</li><li><strong>The installed base of Saphyr® systems for OGM grew 147%</strong> <strong>between 2020 and 2022, </strong>from 97 as of the end of 2020, to 164 as of the end of 2021, to 240 as of the end of 2022</li><li><strong>Sales of nanochannel array flow cells grew substantially </strong>with 6,013 sold in 2020, 12,518 sold in 2021 and 15,375 sold in 2022</li><li><strong>Performance of our products has improved significantly</strong> since the launch of the Saphyr system in 2017, including a 13-fold increase in OGM throughput and a reduction in the price of analyzing a single genome from $1,500 to as low as $450</li><li><strong>Publications describing OGM in clinical research grew substantially</strong> from 23 as of the end of 2020, to 53 as of the end of 2021, to 108 as of the end of 2022 and the number of published clinical genomes using OGM grew from 214 in 2020, to 1,478 in 2021, to 3,092 at the end of 2022</li><li><strong>Our product portfolio in clinical services, which began with an acquisition in 2020, has expanded to include OGM-based laboratory developed tests (LDTs)</strong> for use in diagnosing a genetic disease known as facioscapulohumeral dystrophy (FSHD) and blood cancers such as different forms of leukemia</li><li><strong>Bionano has completed two acquisitions</strong> that we believe will enable delivery of a streamlined and simplified end-to-end workflow for OGM, a key requirement for routine use customers<br/></li></ul> <p>We believe the progress made in the preceding three years reflects the early adoption of OGM by clinical researchers seeking to adopt a new and novel method and demonstrate its utility. Going forward, our strategy for 2023 through 2025 is to continue that momentum and, among other things, achieve between a 30% to 50% compound annual growth rate for revenue. Our 2023 to 2025 strategy includes:</p> <ul><li><strong>Develop and launch significant new products</strong> <ul><li>Our next generation optical genome mapping system will have an increased throughput of approximately four times that of the current Saphyr system at launch and is expected to eventually reach a 13-fold increase in throughput</li><li>A version of our VIA™ software (currently named NxClinical™) which will integrate OGM data for data visualization, analysis and interpretation alongside next-generation sequencing (NGS) and other data types</li><li>A consumable and protocol for isolation of ultra-high molecular weight (UHMW) DNA for use with isotachophoresis (ITP) on the Ionic® system for automated nucleic acid isolation</li></ul> </li><li><strong>Continue developing the market for OGM and clearing the path for reimbursement</strong> of OGM through clinical research and seek FDA clearance to market OGM for clinical use <ul><li>Our clinical studies for genome analysis in pre-natal and post-natal conditions, blood cancers and solid-tumor cancers are expected to continue. We believe the volume of samples analyzed and published combined with health-economic analysis have the potential to result in OGM being included in professional societies’ guidelines for clinical testing.</li><li>We plan to submit an application for a local coverage decision (LCD) to Medicare for reimbursement coverage of OGM for hematologic malignancies.</li><li>We will begin preliminary pre-submission discussion with the FDA regarding clearance of OGM in 2023.</li></ul> </li><li><strong>Retaining and adding key talent</strong> to expand our commercial footprint globally, to develop new applications of OGM and to translate OGM into a technique that is used routinely throughout genome analysis<br/></li></ul> <p><strong>A vote FOR Proposal 4 would enable management to invest prudently in the business and to continue driving progress</strong></p> <p>We believe it is imperative for stockholders to authorize Bionano’s Board of Directors to effect a reverse split, as outlined in Proposal 4, to continue and potentially accelerate the momentum begun in 2020 and to deliver on the strategy outlined above. There are three primary outcomes of a reverse split that management believes are critical to realize:</p> <ul><li><strong>A reverse split would result in potential improvement in the marketability and liquidity of our common stock. </strong>We believe that a higher stock price would make our common stock more attractive to a broader range of institutional and other investors, which we believe would improve the marketability and liquidity of our common stock and increase interest and trading in our common stock, including by long-term institutional investors and funds who may not find our shares attractive at its current trading price.</li><li><strong>A reverse split would effectively increase the number of shares of common stock available to issue.</strong> A reverse split would decrease the number of shares of common stock outstanding but would not impact the number of our authorized shares of common stock. At this time, the current number of authorized and unreserved shares available for future issuance: (i) is insufficient to meet our anticipated future capital requirements through equity financings, including pursuant to our “at-the-market” sales agreement with Cowen and Company, LLC; (ii) is insufficient to provide future equity incentive opportunities, which may impact our ability to attract and retain the talent we believe is important to the success of the company; and (iii) may unduly constrain our ability to act strategically with regard to the use of our equity in future opportunistic transactions. Implementing a reverse split would provide the flexibility we need to use our common stock for business and/or financial purposes.</li><li><strong>A reverse split would support ongoing compliance with Nasdaq listing requirements</strong>. Our common stock is listed on the Nasdaq Capital Market, which has as one of its continued listing requirements a minimum bid price of at least $1.00 per share. The closing price of our common stock for the ten consecutive business days between April 17 and April 28 was below $1.00, reaching a low of $0.68 per share on April 21. If the closing price of our common stock remains below $1.00 for 30 consecutive business days, we would fall out of compliance with the minimum bid price requirement. If we were to fail to regain compliance, our common stock could be subject to delisting from the Nasdaq Capital Market, which may lead to a loss of confidence of our customers, collaborators, vendors and employees, which could do irreparable harm to our business and future prospects.<br/></li></ul> <p>In order to ensure that we can respect the voices of those who vote, we issued one share of Series A Preferred Stock to the Chairman of our Board of Directors. The share of Series A Preferred Stock has 3,000,000,000 votes, but those votes must be voted in the same proportion as the votes cast by our common stockholders and can only vote on Proposal 4. The votes of the preferred share would not change the voice of shareholders who vote but would simply mirror their votes so that in the event there are more than a majority of the votes cast in favor of Proposal 4, there should be enough votes to pass the proposal. The Series A Preferred Stock will be redeemed and retired automatically after approval of a reverse stock split proposal pursuant to its terms.</p> <p>For other companies, a request for authorization to effect a reverse split may reflect a sign of distress. We believe that the reverse split proposal is not a sign of distress for Bionano. Instead, it is a mechanism to enable management to prudently raise capital in support of our long-term strategy.</p> <p>Please support management by voting FOR all proxy proposals. Most importantly please support management by voting FOR Proposal 4.</p> <p>Sincerely,</p> <p>Erik Holmlin, PhD<br/>President and CEO<br/>Bionano Genomics, Inc.</p> <p><strong><em>Forward-Looking Statements</em></strong></p> <p><em>This letter contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “continue,” “could,” “expect,” “intend,” “may,” “plan,” “will,” “should” and similar expressions (as well as other words or expressions referencing future events, conditions or circumstances) convey uncertainty of future events or outcomes and are intended to identify these forward-looking statements. Forward-looking statements include statements regarding our intentions, beliefs, projections, outlook, analyses or current expectations concerning, among other things: (1) the anticipated benefits of the reverse split, including on the marketability and liquidity of our common stock, our ability to execute on our long-term strategy and our compliance with Nasdaq listing requirements; (2) the utility of OGM for applications cancer, genetic disease and cell bioprocessing quality control, and its ability to complement or replace traditional cytogenomic methods for analysis of structural variations; (3) our anticipated goals and milestones for OGM and Bionano, including improved adoption of OGM, reimbursement of OGM through clinical research and FDA clearance to market OGM for clinical use; (4) our growth prospects and estimates regarding future financial performance and operating results; (5) our future products and features, including the performance of these products and their sample processing capacity; and (6) our anticipated growth strategies and anticipated trends in our business. Each of these forward-looking statements involves risks and uncertainties. Actual results or developments may differ materially from those projected or implied in these forward-looking statements. Factors that may cause such a difference include the risks and uncertainties associated with: the impact of geopolitical and macroeconomic developments, such as recent and potential future bank failures, the ongoing Ukraine-Russia conflict, related sanctions and the COVID-19 pandemic, on our business and the global economy; challenges inherent in developing, manufacturing and commercializing products; our ability to further deploy new products and applications and expand the markets for our technology platforms; third parties’ abilities to manufacture our instruments and consumables; our assumptions, expectations and beliefs regarding future growth of the business and the markets in which we operate; the completion and success of our clinical studies; the success of products competitive with our own; changes in our strategic and commercial plans; the application of generally accepted accounting principles, which are highly complex and involve many subjective assumptions; study results that are different from or contradict the results presented in this letter; our assumptions and estimates regarding our future financial performance and results of operations; our ability to obtain sufficient financing to fund our strategic plans and commercialization efforts; and the risks and uncertainties associated with our business and financial condition in general, including the risks and uncertainties described in our filings with the Securities and Exchange Commission, including, without limitation, our Annual Report on Form 10-K for the year ended December 31, 2022 and in other filings subsequently made by us with the Securities and Exchange Commission. All forward-looking statements contained in this press release speak only as of the date on which they were made and are based on management’s assumptions and estimates as of such date. We do not undertake any obligation to publicly update any forward-looking statements, whether as a result of the receipt of new information, the occurrence of future events or otherwise, except as required by law.</em></p> <p><strong>CONTACTS</strong></p> <p><strong>Company Contact:</strong><br/>Erik Holmlin, CEO<br/>Bionano Genomics, Inc.<br/>+1 (858) 888-7610<br/>eholmlin@bionano.com</p> <p><strong>Investor Relations:</strong><br/>David Holmes<br/>Gilmartin Group<br/>+1 (858) 888-7625<br/>IR@bionano.com</p> <br/><img referrerpolicy=\"no-referrer-when-downgrade\" src=\"https://ml.globenewswire.com/media/OWQ4OTgzNDctZTBhNy00YzlhLTkzOTAtNjcyMDg0ZWQ2NDk5LTUwMDA1MjUyMQ==/tiny/Bionano-Genomics.png\"/></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4575":"芯片概念","BNGO":"Bionano Genomics","NGS":"Natural Gas Services Group Inc","BK4199":"纸制品","BK4179":"石油天然气设备与服务","BK4121":"生命科学工具和服务","ITP":"IT科技包装"},"source_url":"https://www.globenewswire.com/news-release/2023/05/01/2658702/0/en/Bionano-Announces-the-Publication-of-Stockholder-Letter-Regarding-Support-for-Proxy-Proposal.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2332985143","content_text":"SAN DIEGO, May  01, 2023  (GLOBE NEWSWIRE) -- Bionano Genomics, Inc. (BNGO), today announced that on May 1, 2023, it published an open letter to stockholders in support of its proposals at its upcoming annual meeting of stockholders, a copy of which is included at the end of this press release.  Details of the Annual Meeting of Stockholders The annual meeting of stockholders will be held virtually, via live webcast at www.virtualshareholdermeeting.com/BNGO2023, on June 14, 2023, at 10:00 a.m. Pacific Time. Stockholders of record as of April 24, 2023, may vote at the annual meeting or by proxy over the telephone, through the internet or using the Notice of Internet Availability of Proxy Materials mailed to such stockholders. Stockholders may change their vote at any time before the final vote at the annual meeting. Details regarding voting procedures are included in the Company’s proxy statement for the annual meeting, filed with the U.S. Securities and Exchange Commission on April 28, 2023. About Bionano Genomics Bionano Genomics is a provider of genome analysis solutions that can enable researchers and clinicians to reveal answers to challenging questions in biology and medicine. The Company’s mission is to transform the way the world sees the genome through OGM solutions, diagnostic services and software. The Company offers OGM solutions for applications across basic, translational and clinical research. Through its Lineagen, Inc. d/b/a Bionano Laboratories business, the Company also provides diagnostic testing for patients with clinical presentations consistent with autism spectrum disorder and other neurodevelopmental disabilities. Through its BioDiscovery business, the Company also offers an industry-leading, platform-agnostic software solution, which integrates next-generation sequencing and microarray data designed to provide analysis, visualization, interpretation and reporting of copy number variants, single-nucleotide variants and absence of heterozygosity across the genome in one consolidated view. For more information, visit www.bionano.com, www.bionanolaboratories.com or www.biodiscovery.com. Letter to Stockholders May 1, 2023 Re: Stockholder Action Letter: Request for Vote! Dear Fellow Stockholders: I am writing to ask for your support on the proposals described in our 2023 Definitive Proxy Statement, filed with the SEC on April 28, 2023. In particular, I am asking you to vote FOR Proposal 4, the reverse split proposal. We believe that if the reverse split proposal is not approved, our ability to prudently raise capital may be compromised, our ability to attract and retain critical talent may be impacted, and our ability to act strategically with regard to the use of our equity in future opportunistic transactions may be constrained, among other things. Implementing a reverse split would provide the flexibility we need to use our common stock for business and/or financial purposes. Our reverse split proposal is a request to support a constructive tool that we believe is essential to achieving our long-term goals. Bionano’s business has been progressing and still requires ongoing innovation and investment. Bionano is focused on transforming traditional cytogenetic workflows into a modern, molecular workflow based on optical genome mapping (OGM). Current cytogenetic workflows are antiquated, slow and fail to provide useful results in roughly 50% of cases. Numerous published studies from laboratories and hospitals around the world have demonstrated that OGM has the potential to replace traditional cytogenetic methods, including fluorescence in situ hybridization (FISH), karyotyping, southern blot and chromosomal microarrays, with the OGM workflow as an alternative that is streamlined, yields useful results in substantially more samples, is less costly, and is simpler and faster. OGM has applications in cancer, genetic disease and cell bioprocessing quality control for drug development. We have made extraordinary progress since the summer of 2020, enabled by the advancements in market development and product development, and accelerated by the capital we raised in early 2021. Our annual revenue grew 227% between 2020 and 2022, from $8.5M in 2020, to $17.9M in 2021, to $27.8M in 2022The installed base of Saphyr® systems for OGM grew 147% between 2020 and 2022, from 97 as of the end of 2020, to 164 as of the end of 2021, to 240 as of the end of 2022Sales of nanochannel array flow cells grew substantially with 6,013 sold in 2020, 12,518 sold in 2021 and 15,375 sold in 2022Performance of our products has improved significantly since the launch of the Saphyr system in 2017, including a 13-fold increase in OGM throughput and a reduction in the price of analyzing a single genome from $1,500 to as low as $450Publications describing OGM in clinical research grew substantially from 23 as of the end of 2020, to 53 as of the end of 2021, to 108 as of the end of 2022 and the number of published clinical genomes using OGM grew from 214 in 2020, to 1,478 in 2021, to 3,092 at the end of 2022Our product portfolio in clinical services, which began with an acquisition in 2020, has expanded to include OGM-based laboratory developed tests (LDTs) for use in diagnosing a genetic disease known as facioscapulohumeral dystrophy (FSHD) and blood cancers such as different forms of leukemiaBionano has completed two acquisitions that we believe will enable delivery of a streamlined and simplified end-to-end workflow for OGM, a key requirement for routine use customers We believe the progress made in the preceding three years reflects the early adoption of OGM by clinical researchers seeking to adopt a new and novel method and demonstrate its utility. Going forward, our strategy for 2023 through 2025 is to continue that momentum and, among other things, achieve between a 30% to 50% compound annual growth rate for revenue. Our 2023 to 2025 strategy includes: Develop and launch significant new products Our next generation optical genome mapping system will have an increased throughput of approximately four times that of the current Saphyr system at launch and is expected to eventually reach a 13-fold increase in throughputA version of our VIA™ software (currently named NxClinical™) which will integrate OGM data for data visualization, analysis and interpretation alongside next-generation sequencing (NGS) and other data typesA consumable and protocol for isolation of ultra-high molecular weight (UHMW) DNA for use with isotachophoresis (ITP) on the Ionic® system for automated nucleic acid isolation Continue developing the market for OGM and clearing the path for reimbursement of OGM through clinical research and seek FDA clearance to market OGM for clinical use Our clinical studies for genome analysis in pre-natal and post-natal conditions, blood cancers and solid-tumor cancers are expected to continue. We believe the volume of samples analyzed and published combined with health-economic analysis have the potential to result in OGM being included in professional societies’ guidelines for clinical testing.We plan to submit an application for a local coverage decision (LCD) to Medicare for reimbursement coverage of OGM for hematologic malignancies.We will begin preliminary pre-submission discussion with the FDA regarding clearance of OGM in 2023. Retaining and adding key talent to expand our commercial footprint globally, to develop new applications of OGM and to translate OGM into a technique that is used routinely throughout genome analysis A vote FOR Proposal 4 would enable management to invest prudently in the business and to continue driving progress We believe it is imperative for stockholders to authorize Bionano’s Board of Directors to effect a reverse split, as outlined in Proposal 4, to continue and potentially accelerate the momentum begun in 2020 and to deliver on the strategy outlined above. There are three primary outcomes of a reverse split that management believes are critical to realize: A reverse split would result in potential improvement in the marketability and liquidity of our common stock. We believe that a higher stock price would make our common stock more attractive to a broader range of institutional and other investors, which we believe would improve the marketability and liquidity of our common stock and increase interest and trading in our common stock, including by long-term institutional investors and funds who may not find our shares attractive at its current trading price.A reverse split would effectively increase the number of shares of common stock available to issue. A reverse split would decrease the number of shares of common stock outstanding but would not impact the number of our authorized shares of common stock. At this time, the current number of authorized and unreserved shares available for future issuance: (i) is insufficient to meet our anticipated future capital requirements through equity financings, including pursuant to our “at-the-market” sales agreement with Cowen and Company, LLC; (ii) is insufficient to provide future equity incentive opportunities, which may impact our ability to attract and retain the talent we believe is important to the success of the company; and (iii) may unduly constrain our ability to act strategically with regard to the use of our equity in future opportunistic transactions. Implementing a reverse split would provide the flexibility we need to use our common stock for business and/or financial purposes.A reverse split would support ongoing compliance with Nasdaq listing requirements. Our common stock is listed on the Nasdaq Capital Market, which has as one of its continued listing requirements a minimum bid price of at least $1.00 per share. The closing price of our common stock for the ten consecutive business days between April 17 and April 28 was below $1.00, reaching a low of $0.68 per share on April 21. If the closing price of our common stock remains below $1.00 for 30 consecutive business days, we would fall out of compliance with the minimum bid price requirement. If we were to fail to regain compliance, our common stock could be subject to delisting from the Nasdaq Capital Market, which may lead to a loss of confidence of our customers, collaborators, vendors and employees, which could do irreparable harm to our business and future prospects. In order to ensure that we can respect the voices of those who vote, we issued one share of Series A Preferred Stock to the Chairman of our Board of Directors. The share of Series A Preferred Stock has 3,000,000,000 votes, but those votes must be voted in the same proportion as the votes cast by our common stockholders and can only vote on Proposal 4. The votes of the preferred share would not change the voice of shareholders who vote but would simply mirror their votes so that in the event there are more than a majority of the votes cast in favor of Proposal 4, there should be enough votes to pass the proposal. The Series A Preferred Stock will be redeemed and retired automatically after approval of a reverse stock split proposal pursuant to its terms. For other companies, a request for authorization to effect a reverse split may reflect a sign of distress. We believe that the reverse split proposal is not a sign of distress for Bionano. Instead, it is a mechanism to enable management to prudently raise capital in support of our long-term strategy. Please support management by voting FOR all proxy proposals. Most importantly please support management by voting FOR Proposal 4. Sincerely, Erik Holmlin, PhDPresident and CEOBionano Genomics, Inc. Forward-Looking Statements This letter contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “continue,” “could,” “expect,” “intend,” “may,” “plan,” “will,” “should” and similar expressions (as well as other words or expressions referencing future events, conditions or circumstances) convey uncertainty of future events or outcomes and are intended to identify these forward-looking statements. Forward-looking statements include statements regarding our intentions, beliefs, projections, outlook, analyses or current expectations concerning, among other things: (1) the anticipated benefits of the reverse split, including on the marketability and liquidity of our common stock, our ability to execute on our long-term strategy and our compliance with Nasdaq listing requirements; (2) the utility of OGM for applications cancer, genetic disease and cell bioprocessing quality control, and its ability to complement or replace traditional cytogenomic methods for analysis of structural variations; (3) our anticipated goals and milestones for OGM and Bionano, including improved adoption of OGM, reimbursement of OGM through clinical research and FDA clearance to market OGM for clinical use; (4) our growth prospects and estimates regarding future financial performance and operating results; (5) our future products and features, including the performance of these products and their sample processing capacity; and (6) our anticipated growth strategies and anticipated trends in our business. Each of these forward-looking statements involves risks and uncertainties. Actual results or developments may differ materially from those projected or implied in these forward-looking statements. Factors that may cause such a difference include the risks and uncertainties associated with: the impact of geopolitical and macroeconomic developments, such as recent and potential future bank failures, the ongoing Ukraine-Russia conflict, related sanctions and the COVID-19 pandemic, on our business and the global economy; challenges inherent in developing, manufacturing and commercializing products; our ability to further deploy new products and applications and expand the markets for our technology platforms; third parties’ abilities to manufacture our instruments and consumables; our assumptions, expectations and beliefs regarding future growth of the business and the markets in which we operate; the completion and success of our clinical studies; the success of products competitive with our own; changes in our strategic and commercial plans; the application of generally accepted accounting principles, which are highly complex and involve many subjective assumptions; study results that are different from or contradict the results presented in this letter; our assumptions and estimates regarding our future financial performance and results of operations; our ability to obtain sufficient financing to fund our strategic plans and commercialization efforts; and the risks and uncertainties associated with our business and financial condition in general, including the risks and uncertainties described in our filings with the Securities and Exchange Commission, including, without limitation, our Annual Report on Form 10-K for the year ended December 31, 2022 and in other filings subsequently made by us with the Securities and Exchange Commission. All forward-looking statements contained in this press release speak only as of the date on which they were made and are based on management’s assumptions and estimates as of such date. We do not undertake any obligation to publicly update any forward-looking statements, whether as a result of the receipt of new information, the occurrence of future events or otherwise, except as required by law. CONTACTS Company Contact:Erik Holmlin, CEOBionano Genomics, Inc.+1 (858) 888-7610eholmlin@bionano.com Investor Relations:David HolmesGilmartin Group+1 (858) 888-7625IR@bionano.com","news_type":1},"isVote":1,"tweetType":1,"viewCount":295,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9943793366,"gmtCreate":1679676439956,"gmtModify":1679676443633,"author":{"id":"4133623950260892","authorId":"4133623950260892","name":"Aidukas","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4133623950260892","authorIdStr":"4133623950260892"},"themes":[],"htmlText":"thieves","listText":"thieves","text":"thieves","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943793366","repostId":"9943489221","repostType":1,"repost":{"id":9943489221,"gmtCreate":1679631350764,"gmtModify":1679631370310,"author":{"id":"3527667621665671","authorId":"3527667621665671","name":"Daily_Discussion","avatar":"https://community-static.tradeup.com/news/6973ef3354e752778088dfd8ca725c82","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3527667621665671","authorIdStr":"3527667621665671"},"themes":[],"title":"🚀Share your strategy for making money on the market！(24 Mar)","htmlText":"Hi, Tigers!Welcome to&nbsp;Daily Discussion&nbsp;! This is the place for you to share your trading ideas and win coins!<a href=\"https://ttm.financial/RN?name=RNTheme&amp;page=/theme/special/discussion&amp;rndata={&quot;themeId&quot;:&quot;470d3ab575ca43caaed8156645b7ccbe&quot;,&quot;type&quot;:3}\" target=\"_blank\">Join the conversation by sharing your thoughts.</a>[Rewards]1.&nbsp;We will reward you with50 Tiger Coins&nbsp;when you share your knowledge about stocks and markets on here, depending onquality and originality.(NOTE: Comments posted under this article WILL NOT be counted)2.&nbsp;You will be given5 Tiger coins&nbsp;if you tag more than 3 friends in the comment areaMeanwhile, we will be listing the stocks mentioned by those selected Tigers for your reference every day (not invest","listText":"Hi, Tigers!Welcome to&nbsp;Daily Discussion&nbsp;! This is the place for you to share your trading ideas and win coins!<a href=\"https://ttm.financial/RN?name=RNTheme&amp;page=/theme/special/discussion&amp;rndata={&quot;themeId&quot;:&quot;470d3ab575ca43caaed8156645b7ccbe&quot;,&quot;type&quot;:3}\" target=\"_blank\">Join the conversation by sharing your thoughts.</a>[Rewards]1.&nbsp;We will reward you with50 Tiger Coins&nbsp;when you share your knowledge about stocks and markets on here, depending onquality and originality.(NOTE: Comments posted under this article WILL NOT be counted)2.&nbsp;You will be given5 Tiger coins&nbsp;if you tag more than 3 friends in the comment areaMeanwhile, we will be listing the stocks mentioned by those selected Tigers for your reference every day (not invest","text":"Hi, Tigers!Welcome to Daily Discussion ! This is the place for you to share your trading ideas and win coins!Join the conversation by sharing your thoughts.[Rewards]1. We will reward you with50 Tiger Coins when you share your knowledge about stocks and markets on here, depending onquality and originality.(NOTE: Comments posted under this article WILL NOT be counted)2. You will be given5 Tiger coins if you tag more than 3 friends in the comment areaMeanwhile, we will be listing the stocks mentioned by those selected Tigers for your reference every day (not invest","images":[{"img":"https://community-static.tradeup.com/news/2bfd9d59aee3e0d471db6db80aeab3ed","width":"-1","height":"-1"},{"img":"https://community-static.tradeup.com/news/48c22e2b78d9ab6ca9791b90e628729c","width":"-1","height":"-1"},{"img":"https://community-static.tradeup.com/news/398cc575d7f445d44a155e261f82e067","width":"-1","height":"-1"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943489221","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":4,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":200,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9943793023,"gmtCreate":1679676347262,"gmtModify":1679676354352,"author":{"id":"4133623950260892","authorId":"4133623950260892","name":"Aidukas","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4133623950260892","authorIdStr":"4133623950260892"},"themes":[],"htmlText":"Ha ha.... manipulation..&nbsp; &nbsp;almost I write true!","listText":"Ha ha.... manipulation..&nbsp; &nbsp;almost I write true!","text":"Ha ha.... manipulation.. almost I write true!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943793023","repostId":"2321367199","repostType":2,"isVote":1,"tweetType":1,"viewCount":149,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9943454169,"gmtCreate":1679655891751,"gmtModify":1679655896773,"author":{"id":"4133623950260892","authorId":"4133623950260892","name":"Aidukas","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4133623950260892","authorIdStr":"4133623950260892"},"themes":[],"htmlText":"Thank you very much,you are angels!Just make price 0.05 and split in 35 . Awesome![Cool]&nbsp;","listText":"Thank you very much,you are angels!Just make price 0.05 and split in 35 . Awesome![Cool]&nbsp;","text":"Thank you very much,you are angels!Just make price 0.05 and split in 35 . Awesome![Cool]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943454169","repostId":"2321367199","repostType":2,"repost":{"id":"2321367199","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1679652203,"share":"https://ttm.financial/m/news/2321367199?lang=&edition=fundamental","pubTime":"2023-03-24 18:03","market":"us","language":"en","title":"BRIEF-Allarity Therapeutics Announces Reverse Stock Split Of Common Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=2321367199","media":"Reuters","summary":"March 24 (Reuters) - Allarity Therapeutics Inc   :   * ALLARITY THERAPEUTICS ANNOUNCES REVERSE STOCK","content":"<html><body><p>March 24 (Reuters) - <a href=\"https://laohu8.com/S/ALLR\">Allarity Therapeutics Inc</a>   :</p><p>   * ALLARITY THERAPEUTICS ANNOUNCES REVERSE STOCK SPLIT OF COMMON STOCK</p><p>   * ALLARITY THERAPEUTICS INC: INTENDS TO EFFECT A REVERSE STOCK SPLIT OF ITS COMMON STOCK, AT A RATIO OF 1 POST SPLIT SHARE FOR EVERY 35 PRE-SPLIT SHARES</p><p>Source text for Eikon:    Further company coverage:   </p><p> ((Reuters.Briefs@thomsonreuters.com;))</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>BRIEF-Allarity Therapeutics Announces Reverse Stock Split Of Common Stock</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\">\nBRIEF-Allarity Therapeutics Announces Reverse Stock Split Of Common Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2023-03-24 18:03</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>March 24 (Reuters) - <a href=\"https://laohu8.com/S/ALLR\">Allarity Therapeutics Inc</a>   :</p><p>   * ALLARITY THERAPEUTICS ANNOUNCES REVERSE STOCK SPLIT OF COMMON STOCK</p><p>   * ALLARITY THERAPEUTICS INC: INTENDS TO EFFECT A REVERSE STOCK SPLIT OF ITS COMMON STOCK, AT A RATIO OF 1 POST SPLIT SHARE FOR EVERY 35 PRE-SPLIT SHARES</p><p>Source text for Eikon:    Further company coverage:   </p><p> ((Reuters.Briefs@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4023":"应用软件","BK4007":"制药","BK4196":"保健护理服务","CGEM":"Cullinan Therapeutics","BK4139":"生物科技","BK4082":"医疗保健设备","APR":"Apria, Inc.","ALLR":"Allarity Therapeutics Inc","LABP":"Landos Biopharma, Inc.","SANA":"Sana Biotechnology, Inc.","LHDX":"Lucira Health, Inc.","ONTF":"ON24, Inc."},"source_url":"http://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2321367199","content_text":"March 24 (Reuters) - Allarity Therapeutics Inc   :   * ALLARITY THERAPEUTICS ANNOUNCES REVERSE STOCK SPLIT OF COMMON STOCK   * ALLARITY THERAPEUTICS INC: INTENDS TO EFFECT A REVERSE STOCK SPLIT OF ITS COMMON STOCK, AT A RATIO OF 1 POST SPLIT SHARE FOR EVERY 35 PRE-SPLIT SHARESSource text for Eikon:    Further company coverage:    ((Reuters.Briefs@thomsonreuters.com;))","news_type":1},"isVote":1,"tweetType":1,"viewCount":268,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9943614189,"gmtCreate":1679405876342,"gmtModify":1679406880764,"author":{"id":"4133623950260892","authorId":"4133623950260892","name":"Aidukas","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4133623950260892","authorIdStr":"4133623950260892"},"themes":[],"htmlText":"Some buy shares at $3 each, after which the company goes bankrupt.....what idiot can buy at such a price without knowing the purpose? There is manipulation going on.","listText":"Some buy shares at $3 each, after which the company goes bankrupt.....what idiot can buy at such a price without knowing the purpose? There is manipulation going on.","text":"Some buy shares at $3 each, after which the company goes bankrupt.....what idiot can buy at such a price without knowing the purpose? There is manipulation going on.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943614189","repostId":"2321515416","repostType":2,"repost":{"id":"2321515416","kind":"highlight","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":1679334180,"share":"https://ttm.financial/m/news/2321515416?lang=&edition=fundamental","pubTime":"2023-03-21 01:43","market":"us","language":"en","title":"Boxed Up 42% to 14 Cents Following Three Days of Declines","url":"https://stock-news.laohu8.com/highlight/detail?id=2321515416","media":"Dow Jones","summary":"By Josh Beckerman \n\n\n \n\n\nBoxed Inc. shares, which posted three consecutive double-digit declines aft","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Josh Beckerman \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/BOXD\">Boxed Inc</a>. shares, which posted three consecutive double-digit declines after the e-commerce company said it was considering a bankruptcy filing, rose 42% to 14 cents on Monday. \n</p>\n<p>\n  Volume was more than 37.4 million shares, compared with a 65-day average of 3.69 million. \n</p>\n<p>\n  On Friday, Boxed said it wouldn't file its Form 10-K on time as it continued to work on negotiating a forbearance agreement, exploring strategic alternatives and restructuring financing arrangements. \n</p>\n<p>\n  Boxed expects a 2022 net loss of about $115 million. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Josh Beckerman at josh.beckerman@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 20, 2023 13:43 ET (17:43 GMT)\n</p>\n<p>\n  Copyright (c) 2023 Dow Jones &amp; Company, Inc.\n</p>\n</font>","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>Boxed Up 42% to 14 Cents Following Three Days of Declines</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\">\nBoxed Up 42% to 14 Cents Following Three Days of Declines\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\">2023-03-21 01:43</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Josh Beckerman \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/BOXD\">Boxed Inc</a>. shares, which posted three consecutive double-digit declines after the e-commerce company said it was considering a bankruptcy filing, rose 42% to 14 cents on Monday. \n</p>\n<p>\n  Volume was more than 37.4 million shares, compared with a 65-day average of 3.69 million. \n</p>\n<p>\n  On Friday, Boxed said it wouldn't file its Form 10-K on time as it continued to work on negotiating a forbearance agreement, exploring strategic alternatives and restructuring financing arrangements. \n</p>\n<p>\n  Boxed expects a 2022 net loss of about $115 million. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Josh Beckerman at josh.beckerman@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 20, 2023 13:43 ET (17:43 GMT)\n</p>\n<p>\n  Copyright (c) 2023 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4539":"次新股","CRCT":"Cricut, Inc.","BK4007":"制药","BK4122":"互联网与直销零售","BK4191":"家用电器","BOXD":"Boxed Inc","TERN":"Terns Pharmaceuticals, Inc."},"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2321515416","content_text":"By Josh Beckerman \n\n\n \n\n\nBoxed Inc. shares, which posted three consecutive double-digit declines after the e-commerce company said it was considering a bankruptcy filing, rose 42% to 14 cents on Monday. \n\n\n  Volume was more than 37.4 million shares, compared with a 65-day average of 3.69 million. \n\n\n  On Friday, Boxed said it wouldn't file its Form 10-K on time as it continued to work on negotiating a forbearance agreement, exploring strategic alternatives and restructuring financing arrangements. \n\n\n  Boxed expects a 2022 net loss of about $115 million. \n\n\n \n\n\n  Write to Josh Beckerman at josh.beckerman@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 20, 2023 13:43 ET (17:43 GMT)\n\n\n  Copyright (c) 2023 Dow Jones & Company, Inc.","news_type":1},"isVote":1,"tweetType":1,"viewCount":144,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9949470287,"gmtCreate":1678859286550,"gmtModify":1678859291449,"author":{"id":"4133623950260892","authorId":"4133623950260892","name":"Aidukas","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4133623950260892","authorIdStr":"4133623950260892"},"themes":[],"htmlText":"Nio is pain.....scrabb","listText":"Nio is pain.....scrabb","text":"Nio is pain.....scrabb","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949470287","repostId":"2319866747","repostType":2,"isVote":1,"tweetType":1,"viewCount":183,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9949327238,"gmtCreate":1678380733624,"gmtModify":1678380739479,"author":{"id":"4133623950260892","authorId":"4133623950260892","name":"Aidukas","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4133623950260892","authorIdStr":"4133623950260892"},"themes":[],"htmlText":"Need read 2 days....[Spurting]&nbsp;","listText":"Need read 2 days....[Spurting]&nbsp;","text":"Need read 2 days....[Spurting]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949327238","repostId":"2318256134","repostType":2,"repost":{"id":"2318256134","kind":"highlight","pubTimestamp":1678346545,"share":"https://ttm.financial/m/news/2318256134?lang=&edition=fundamental","pubTime":"2023-03-09 15:22","market":"us","language":"en","title":"Q4 2022 Full Truck Alliance Co Ltd Earnings Call","url":"https://stock-news.laohu8.com/highlight/detail?id=2318256134","media":"Thomson Reuters StreetEvents","summary":"Participants\nChong Cai; CFO; Full Truck Alliance Co. Ltd.\nHui Zhang; Founder, Chairman & CEO; Full T","content":"<html><body><h2>Participants</h2>\n<p>Chong Cai; CFO; Full Truck Alliance Co. Ltd.</p>\n<p>Hui Zhang; Founder, Chairman &amp; CEO; Full Truck Alliance Co. Ltd.</p>\n<p>Mao Mao; Head of IR; Full Truck Alliance Co. Ltd.</p>\n<p>Cherry Leung; Research Analyst; Sanford C. Bernstein &amp; Co., LLC., Research Division</p>\n<p>Jiulu Li; Analyst; China International Capital Corporation Limited, Research Division</p>\n<p>Ronald Keung; Executive Director; Goldman Sachs Group, Inc., Research Division</p>\n<p>Thomas Chong; Equity Analyst; Jefferies LLC, Research Division</p>\n<p>Y. Chen; Analyst; China Renaissance Securities (US) Inc., Research Division</p>\n<h2>Presentation</h2>\n<p><strong>Operator</strong></p>\n<p>Ladies and gentlemen, good day and welcome to Full Truck Alliance's Fourth Quarter and Full Year 2022 Earnings Conference Call. Today's conference is being recorded.<br/>At this time, I would like to turn the conference over to Mao Mao, Head of Investor Relations. Please go ahead.</p>\n<p><strong>Mao Mao</strong></p>\n<p>Thank you, operator. Please note that today's discussion will contain forward-looking statements relating to the company's future performance, which are intended to qualify for the safe harbor from liability as established by the U.S. Private Securities Litigation Reform Act. Such statements are not guarantees of future performance and are subject to certain risks and uncertainties, assumptions and other factors. Some of these risks are beyond the company's control and could cause actual results to differ materially from those mentioned in today's press release and discussion. A general discussion of the risk factors that could affect FTA's business and financial results is included in certain filings of the company with the SEC. The company does not undertake any obligation to update this forward-looking information except as required by law.<br/>During today's call, management will also discuss certain non-GAAP financial measures for comparison purpose only. For a definition of non-GAAP financial measures and a reconciliation of GAAP to non-GAAP financial results, please see the earnings release issued earlier today. Joining us today on the call from FTA's management side are Mr. Hui Zhang, our Founder, Chairman and CEO; and Mr. Simon Cai, our CFO. Management will begin with prepared remarks and the call will conclude with a Q&amp;A session. As a reminder, this conference is being recorded. In addition, a webcast replay of this call will be available on FTA's investor relations website at ir.fulltruckalliance.com.<br/>I will now turn the call over to our Founder, Chairman and CEO, Mr. Zhang. Please go ahead.</p>\n<p><strong>Hui Zhang</strong></p>\n<p>[Interpreted] Hello, everyone. Thank you for joining us today on our fourth quarter and full year 2022 earnings conference call. During the year, uncertainties persisting within the macro environment posed various challenges to our operations. Despite these headwinds, we are pleased with our performance in the fourth quarter as we are ending 2022 on a strong note. Over the past year, we achieved progress across all of our business segments that are in different stages of development. We took steps to standardize our platform data management and upgrade the network security system by leveraging big data and advanced freight matching algos. This enhanced the users' experience by providing them with high quality, efficient and full coverage capacity network services in a secure network environment.<br/>Additionally, we made considerable efforts in platform process simplification, improved app usability and user misconduct rectification. These actions mainly include building a shipper rating system, creating the 5-star shipper accreditation, launching a trucker growth pilot program and cracking down on malicious price cutting behavior. By maximizing both shippers and truckers' experience and elevating operational efficiency, we expanded our high value services to more shippers and truckers during the year and safeguarded their right and interest. As we ended 2022, we were pleased to see a revival in user growth in terms of both shippers and truckers fueled by reinstating new user registration in June. With the number of high quality users growing on platform, we are improving our platform ecosystem to provide a more secure transaction environment for our users.<br/>Furthermore, as corporate social responsibility is 1 of our core values, we lowered the number of trucks with empty loads, saving energy and reducing carbon emissions through implementing new technological innovation; further contributing to the green development of the transportation industry. For the full year, our gross transaction value and the number of fulfilled orders reached RMB 261.1 and 119 million, respectively. While our business was adversely affected by repeated resurgence of COVID outbreaks at the beginning of the fourth quarter, growth rate began to recover following the full removal of COVID restrictions in December. In the fourth quarter, the GTV reached RMB 72 billion while the number of fulfilled orders was 32.6 million. Our average shipper MAU reached 1.88 million, representing a 19.7% increase year-over-year.<br/>With the strong aforementioned tailwind, total net revenue in the fourth quarter surged by 34.5% year-over-year to RMB 1.92 billion. As for our non-GAAP financial measures, our adjusted net income reached RMB 445.8 million in the fourth quarter. On a full year basis, the total net revenues from our platforms soared by 44.6% year-over-year to RMB 6.73 billion and the non-GAAP adjusted net income increased by 209.8% to RMB 1,395.4 million. Looking ahead into 2023 in the wake of the post-pandemic era, activity within the entire freight industry is well on its way to a full recovery. China's unswerving support for private enterprises and the platform economy positions the country for a revival in social and economic activities. This renewed energy reaffirms our commitment to our long-term vision and strategic direction of our platform development.<br/>We will keep advancing our technological innovations by leveraging big data, matching algos and artificial intelligence to create more value for users across different industries. While promoting the green transformation of China's transport industry, we will push forward in solidifying our industry leadership position and further expand our market share creating greater value for users, shareholders and other stakeholders. To further demonstrate our confidence in the company's long-term prospects, today we announced that the Board of Directors authorized a share repurchase program under which the company may repurchase up to $500 million of ADS over the next 12 months. The company plans to fund the repurchase from its existing cash balance.<br/>Thank you. With that, I will now turn the call over to our CFO, Simon, who will elaborate further on our fourth quarter progress and go over our operational and financial results in more detail.</p>\n<p><strong>Chong Cai</strong></p>\n<p>Thank you, Mr. Zhang, and hello everyone. Today as usual, I will first go over some of the highlights for the quarter followed by a brief overview of our key financials. The quarter began with the lingering pandemic challenges weighing on the economy. While the fourth quarter is the traditional peak season for freight transport, various regions continued to experience certain fluctuations in freight volume in October and November due to rolling COVID policies, which negatively impacted our business. Following the removal of COVID restrictions in December, the order volume from the platform gradually ramped up reaching the full year peak in early December. However, in mid-December, the order volume declined due to a large number of truckers getting infected with COVID, which affected overall transport capacity. As infected truckers returned to work and transport capacity recovered after the Chinese New Year, we see activity within the freight industry resurging from the lows of last year.<br/>Despite the many disruptions, our average fulfillment rate reached approximately 24% in fourth quarter, increasing on a monthly basis with our average fulfillment rate reaching 26.4% in December. The increase in fulfillment rate was due to easing COVID policies, which strengthened truckers' willingness to take freight orders while we also progressively restored the supply and demand balance between truckers and shippers. Moreover, with the resumption of new user registration, the overall number of shippers on the platform grew, of which most of them are direct shippers with relatively higher fulfillment rate as compared to middlemen and therefore contributed to our improved fulfillment rate. Now looking specifically at our users. We were able to maintain the previous quarter's momentum that was ignited by the revival of new users registration. The continued uptake in the overall users during the fourth quarter pushed our average shipper MAUs to 1.88 million for a year-over-year increase of 19.7%.<br/>Our average trucker MAUs, including those fulfilling and responding to orders, remained stable month-over-month with 3.5 million active truckers fulfilling shipments in the past 12 months. In the last 4 quarters and the 12-month rolling retention rate of those shipper numbers and the next month's retention rate of truckers who responded to orders remained steady at around 85%. Our ability to maintain a high retention rate demonstrate once again the high degree of stickiness of our overall user base. Along with our high user gains, we are optimizing our overall user composition as the number of both 688 members and non-paying members, which typically are direct shippers, continued to increase in the fourth quarter. More importantly, the contribution from these 2 types of users further increased to about 45% in terms of number of fulfilled orders, which we expect will increase further as the user scale continue to expand.<br/>This year the acquisition of new users will remain a high priority. In addition to our traditional online marketing and promotional activities, we will explore new initiatives and marketing channels to attract high value users and build brand awareness such as precise marketing towards consumer user scenarios and marketing through users' social networks. At the same time, we will strengthen our offline user acquisition strategy through our ground promotion teams combined with our local operations to reach target user groups both online and offline. As we move into 2023, we remain focused on improving our services, acquiring and retaining users and allocating more resources on branding and marketing in order to gradually replace the inefficient acquaintance truckers model. We plan to attract more low and medium frequency direct shippers through online channels and improving the user experience for their first time fulfillment in order to boost the conversion rate of non-paying users into paying members.<br/>Now briefly turning to our platform. In the fourth quarter, we continued to invest resources in creating a trusted transaction environment and improving the healthiness of the platform's ecosystem. We simplified users' complaint process and made it more accessible and user friendly. For instance, our hotline upgrades makes it easier for users to access customer service and the complaint button on the app's order detail page allows users a 1-click access to the complaint section. We also fundamentally improved our product functionalities to reduce the possibility of disputes. As an example in response to shippers' order cancellation, we added trucker comment feature to allow truckers' voice to be heard, hence encouraging rational shipments and reducing frictions between shippers and truckers.<br/>Another notable accomplishment for us in the fourth quarter was widening the penetration of our shipper rating system's coverage, which enhances the role of users' credit in our ecosystem and protects the interest of both truckers and shippers. As the number of 5-star high quality shippers continue to increase and we gain more recognition from truckers and shippers, we have seen a significant decline in order cancellation rate by these 5-star shippers. Subsequently, the average fulfillment rate of 5-star shippers is 21.8 percentage points higher than that of the platform as a whole. As we proceed, we will continue to refine and improve our rating system on both ends in order to regulate and discipline their behaviors. Turning to our online transaction service. The segment maintained sustainable growth in the fourth quarter amid the volatile macro environment showing a 67.4% increase year-over-year to RMB 447.8 million. This increase was primarily driven by improved commission rate.<br/>In the fourth quarter, our online transaction service covered roughly 50% of the transaction GTV or 60% if measured by fulfilled orders. For the full year, commission penetration by number of orders has increased by nearly 8 percentage points to approximately 56%. Looking ahead, we will beef up our investment to strengthen our platform's fulfillment and transaction assurance services. Furthermore, as we expand our users, we will refine our tiered commission strategy based on freight matching time and freight amount and dynamically adjust our commission policies. Additionally, given the fact that transaction disputes are a normal occurrence in this industry, we will continue to improve our data level algo in order to improve fulfillment efficiency and help with disputes resolution and ensure that truckers are provided with high quality, high priced goods from direct shippers, which should gradually improve our user composition and ultimately contribute to higher commission rate.<br/>In summary, during 2022 we continued to improve the platform's ecosystem's governance and elevated the users' experience while ensuring network system security and optimizing platform data regulations. We in fact implemented an active user acquisition strategy once new user registration resumed, which expanded our platform's user base and created value for our users. We are proud of our team for their dedication and hard work under the conditions created by COVID restrictions. Going forward, we will direct that same spirit to sharpen our performance by leveraging digitalization technologies to improve our algos, matching accuracy and efficiency; broaden our products and services for direct shippers; and acquire more high quality users. As the freight industry gradually recovers, we will continue to harness our core advantages to provide users with service quality assurances and boost our commercialization capabilities further fortifying our leading industry position.<br/>Now I'd like to provide a brief overview of our fourth quarter 2022 and full year 2022 financials. Given the limited time for today's call, I will be presenting some abbreviated financial highlights. We encourage you to read through our press release issued earlier today for details. Our total revenue for the year was RMB 6.7 billion representing a 44.6% increase year-over-year. Net revenues for the fourth quarter were RMB 1.9 billion representing a 34.5% increase year-over-year. For 2022 our net revenue from freight matching services; including service fees from freight brokerage models, membership fees from listing models and commissions from online transaction services; were RMB 5.7 billion, up 43.3% from 2021. And RMB 1.6 billion for the fourth quarter, up 31.4% year-over-year primarily due to the rapid growth in transaction commissions as well as an increase in revenues from our freight brokerage service.<br/>Revenues from freight brokerage service reached RMB 3.4 billion for 2022, up 34.5% year-over-year. On a quarterly basis, net revenue increased by 24% to RMB 943.6 million in the fourth quarter, primarily driven by continued growth in transaction volume as a result of improved user penetration. Revenues from freight listing service were RMB 852.4 million for the full year, up 13.2% year-over-year and rose 11.2% year-over-year in the fourth quarter to reach RMB 223.1 million, primarily due to an increase in total paying members. Revenue from transaction commissions amounted to RMB 1.4 billion in 2022 representing 107.4% increase year-over-year. On a quarterly basis, the net revenue amounted to RMB 447.8 million in the fourth quarter representing a 67.4% increase year-over-year primarily driven by an expanded take rate as well as improved commission penetration.<br/>Revenue from value-added services were RMB 1.1 billion in 2022 representing a 51.7% increase year-over-year. For the fourth quarter, net revenues increased to RMB 308.1 million representing a 53.7% increase year-over-year mainly attributable to an increase in revenue from credit solutions and other value-added services. Cost of revenues in the fourth quarter was RMB 951.8 million, compared with RMB 658.2 million in the prior year period. The increase was primarily due to an increase in VAT related tax surcharges and other tax costs net of tax refunds from government authorities. These tax-related costs net of refunds totaled RMB 857.4 million representing an increase of 54.3% from RMB 555.5 million in the same period in 2021, primarily due to continued increase in transaction activities involving our freight brokerage service. Our sales and marketing expenses in the fourth quarter were RMB 281.1 million compared with RMB 239.4 million in the prior year period.<br/>The increase was primarily due to an increase in salary and benefit expenses driven by higher sales and marketing headcount as well as increase in online advertising and marketing expenses. General and administrative expenses in the fourth quarter were RMB 408.2 million compared with RMB 1.6 billion in the prior year period. The decrease was primarily due to lower share-based compensation expenses partially offset by an increase in professional service fees. R&amp;D expenses in the fourth quarter were RMB 250.2 million compared with RMB 233.6 million in the prior year period. The increase was primarily due to an increase in salary and benefits expenses driven by higher R&amp;D headcount. Loss from operations in the fourth quarter was RMB 5.3 million compared with RMB 1.4 billion in the same period of 2021. Net income in the fourth quarter was RMB 195.7 million compared with a net loss of RMB 1.3 billion in the same period of 2021.<br/>Under non-GAAP measures, our adjusted operating income in the fourth quarter was RMB 248.4 million compared with RMB 159.1 million in the same period of 2021. Our adjusted net income in the fourth quarter was RMB 445.8 million compared with RMB 242.8 million in the same period of 2021. Basic and diluted net income per ADS were RMB 0.18 in the fourth quarter compared with basic and diluted net loss per ADS of RMB 1.23 in the same period of 2021. Non-GAAP adjusted basic and diluted net income per ADS were RMB 0.42 in the fourth quarter compared with non-GAAP adjusted basic and diluted net income per ADS of RMB 0.23 in the same period of 2021. As of December 31, 2022 our cash and cash equivalents, restricted cash and short-term investments totaled RMB 26.3 billion compared with RMB 26 billion as of December 31, 2021.<br/>As of December 31 last year, the total outstanding balance of the on-balance sheet loans consisting of the total principal amounts and all accrued and unpaid interest net of provisions of the loans funded through our small loan company and the trusts established by us was RMB 2,648.4 million compared with RMB 1,777.7 million as of December 31, 2021. And the total non-performing loan ratio for these loans was around 2% as of the end of last year, which was flat compared with that of December 31 in 2021. Looking at our business outlook for the first quarter of 2023. We expect our total net revenues to be between RMB 1.56 billion and RMB 1.64 billion representing a year-over-year growth rate of approximately 16.9% to 23%. These forecasts reflect the company's current and preliminary views on the market and operational conditions, which are subject to changes and cannot be predicted with reasonable accuracy as of the date hereof.<br/>In late January we were forced to defend ourselves against groundless allegations in a published short-seller report. Upon receipt of the report, the audit committee quickly launched an independent investigation with the assistance of third-party professional advisors, including an international law firm and outside forensic accounting experts from a Big Four `accounting firm. Today we announced the substantial completion of the internal review, which were conclusive in its findings that the key allegations were not substantiated. We sincerely appreciate the trust and support we have received from our investors during this period and want to take this opportunity to publicly reiterate our commitment to maintaining high standards, transparency and timely disclosure in compliance with the rules of the New York Stock Exchange.<br/>That concludes our prepared remarks. We would now like to open the call to Q&amp;A. Operator, please go ahead.</p>\n<h2>Question and Answer Session</h2>\n<p><strong>Operator</strong></p>\n<p>(Operator Instructions) And our first question today comes from Ronald Keung with Goldman Sachs.</p>\n<p><strong>Ronald Keung</strong></p>\n<p>(foreign language) Just want to ask about that the pandemic impact is mostly behind us and we're also seeing the overall kind of macroeconomy kind of improving. So against this backdrop in 2023, how do you view the overall strategy direction of the company and what are the company's business priorities this year?</p>\n<p><strong>Hui Zhang</strong></p>\n<p>[Interpreted] Our priority for 2023 is to reinforce our platform's core competitiveness and enhance user stickiness. The removal of pandemic controls has been a game changer for us as business activities return to normal. As demand and supply gradually resume, we will double our effort in building our brand equity along with improving operations at both user ends. For truckers, we plan to successively implement our trucker hierarchical management strategy in various regions throughout the country. Truckers will be incentivized to improve service quality as well as to increase their activity level. On the shipper side, we will intensify and broaden new user acquisition and in combination with a series of operational activities, including promoting users' first time fulfillment and converting non-paying users into 688 members, thereby increasing shippers' usage frequency and user stickiness. This year we will remain focused on full truckload transportation to solidify a more comprehensive foundation for the platform business. As for our new business initiatives, we will take a steady approach of validating the innovative business models while balancing skill and efficiency.</p>\n<p><strong>Operator</strong></p>\n<p>And our next question today comes from Charlie Chen at China Renaissance.</p>\n<p><strong>Y. Chen</strong></p>\n<p>(foreign language) So in the fourth quarter the platform's fulfilled GTV rose by 3.5% and average freight rate increased by 6% quarter-over-quarter. What are the reasons for these changes and how do you see the freight rate trending going forward?</p>\n<p><strong>Chong Cai</strong></p>\n<p>Let me address the rest of the questions in English. Our sequential GTV growth in the past quarter was primarily attributable to an upswing in new users following the resumption of new user registration, which partially offset the pandemic's negative drags on business. As we faced bottlenecks due to transportation capacity constraints from the pandemic control measures, short-term freight rates rose which had a persistent and lagging impact on transaction volume. When the pandemic control measures were lifted in December, the demand recovered as evidenced by our platform data yet the supply was not fully able to -- was not able to fully catch up with demand. However, this issue was gradually resolved after the Chinese New Year as more truckers returned to work.<br/>Regarding the freight rate, its increase in the fourth quarter was primarily due to higher fuel prices in 2022 in addition to the changes in the imbalance of supply and demand resulting from the pandemic. Looking ahead into 2023 while fuel prices are still high, the pandemic's impacts are gradually receding. As such, we expect the overall freight rate to slowly return to a reasonable price range. The freight rate is affected by a variety of external factors including fuel prices and highway toll fees among other things, which are difficult to predict and they are impacted by factors beyond our control. In comparison, the platform's fulfilled order volume is a better reflection of our overall operating capabilities and this is also why, as we mentioned previously, we will no longer focus and disclose GTV related operating metrics starting from the first quarter onwards.</p>\n<p><strong>Operator</strong></p>\n<p>Our next question today comes from Jiulu Li with CICC.</p>\n<p><strong>Jiulu Li</strong></p>\n<p>(foreign language) The number of fulfilled orders decreased by 2.5% quarter-over-quarter in the fourth quarter. What are the factors that contributed to this? How do you see the volume of fulfilled orders trending in the first quarter?</p>\n<p><strong>Chong Cai</strong></p>\n<p>Firstly, we see the negative impacts of pandemic weighted on our operation in the last quarter and these headwinds were more pronounced in October and November as we experienced varying degree of logistics disruptions in some of the key provinces with large freight volumes such as Hunan, Anhui, Henan, Shandong and Hubei. Subsequently, the overall transaction volume was below our expectation around Double 11, the e-commerce sales promotion season. The average daily transaction volume only began to rebound after the removal of pandemic control measures in December and gradually reached its peak for 2022 by year-end. However, the upturn in orders from newly registered users in the fourth quarter partially offset the pandemic's first effects. Judging from our operating performance since January this year, the freight volume recovered better than expected after the Chinese New Year as we've achieved outstanding year-on-year growth. In the absence of any unexpected external changes, we anticipate a year-on-year increase at low teens in overall order volume in the first quarter as both demand and supply recover.</p>\n<p><strong>Operator</strong></p>\n<p>And our next question today comes from Cherry Leung with Bernstein.</p>\n<p><strong>Cherry Leung</strong></p>\n<p>(foreign language) Can you please provide an update on your shipper members expansion? And do you see any changes in your truckers and shippers activities in the quarter?</p>\n<p><strong>Chong Cai</strong></p>\n<p>In the fourth quarter, we continued to advance our shipper membership strategy. As a result, the number of shipper members grew to 730,000, up almost 20% year-over-year. The growth was primarily attributable to an increase in our 688 members who are mostly direct shippers as our year-over-year growth in the 688 members exceeded 30%. Additionally, as part of our strategy to increase user growth, we remained focused on prioritizing user experience in the fourth quarter. For example, we committed to improve the fulfillment rate of new non-member users' first 3 orders on our platform and increased our telemarketing coverage. This facilitated user conversion upon initial purchase of membership thereby enabling us to reach our target of high quality membership user growth. With respect to user activity, truckers' ability to respond to orders and fulfillment capabilities fell slightly from the third quarter due to the pandemic control measures in October and November. That being said, our platform's users still displayed strong stickiness resulting in a steady retention rate quarter-over-quarter. Going forward as the industry recovers and we continue to strengthen our brand, we expect to maintain high level of stickiness and growth from both shippers and truckers.</p>\n<p><strong>Operator</strong></p>\n<p>And ladies and gentlemen, our next question today comes from Thomas Chong at Jefferies.</p>\n<p><strong>Thomas Chong</strong></p>\n<p>(foreign language) Given the macro tailwind, can you elaborate more about your full year outlook in terms of volume growth as well as full year revenue guidance?</p>\n<p><strong>Chong Cai</strong></p>\n<p>For first quarter to-date, we are very pleased to see that the demand from both shippers and truckers have recovered significantly and we expect the overall order volume to deliver sequential growth quarter-over-quarter. Following this trend, we are confident to achieve a year-over-year growth in the high teens to low 20s for order volume on a full year basis. On the revenue front, we expect our total revenues for the first quarter to be between RMB 1.56 billion and RMB 1.64 billion representing a year-over-year growth rate of approximately 16.9% to 23%. We expect primary driver for the revenue will be continued growth in transaction commissions. For 2023 we expect revenues from transaction commissions to maintain a healthy growth rate as our user base and our volume continue to grow. At the same time, we remain committed to boosting the level of commission penetration as well as to further enhance our overall commission rate.</p>\n<p><strong>Operator</strong></p>\n<p>Thank you. And ladies and gentlemen, this concludes the question-and-answer session. I'd like to turn the conference back over to management for any final remarks.</p>\n<p><strong>Mao Mao</strong></p>\n<p>Thank you once again for joining us today. If you have any further questions, please feel free to contact us at Full Truck Alliance or TPG Investor Relations. Have a good day.</p>\n<p><strong>Operator</strong></p>\n<p>Thank you. This concludes today's conference call. We thank you all for attending today's presentation. You may now disconnect your lines and have a wonderful day.<br/>Portions of this transcript that are marked [Interpreted] were spoken by an interpreter present on the live call.</p></body></html>","source":"yahoofinance","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>Q4 2022 Full Truck Alliance Co Ltd Earnings Call</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\">\nQ4 2022 Full Truck Alliance Co Ltd Earnings Call\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-09 15:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/q4-2022-full-truck-alliance-072225590.html><strong>Thomson Reuters StreetEvents</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Participants\nChong Cai; CFO; Full Truck Alliance Co. Ltd.\nHui Zhang; Founder, Chairman & CEO; Full Truck Alliance Co. Ltd.\nMao Mao; Head of IR; Full Truck Alliance Co. Ltd.\nCherry Leung; Research ...</p>\n\n<a href=\"https://finance.yahoo.com/news/q4-2022-full-truck-alliance-072225590.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"YMM":"满帮"},"source_url":"https://finance.yahoo.com/news/q4-2022-full-truck-alliance-072225590.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2318256134","content_text":"Participants\nChong Cai; CFO; Full Truck Alliance Co. Ltd.\nHui Zhang; Founder, Chairman & CEO; Full Truck Alliance Co. Ltd.\nMao Mao; Head of IR; Full Truck Alliance Co. Ltd.\nCherry Leung; Research Analyst; Sanford C. Bernstein & Co., LLC., Research Division\nJiulu Li; Analyst; China International Capital Corporation Limited, Research Division\nRonald Keung; Executive Director; Goldman Sachs Group, Inc., Research Division\nThomas Chong; Equity Analyst; Jefferies LLC, Research Division\nY. Chen; Analyst; China Renaissance Securities (US) Inc., Research Division\nPresentation\nOperator\nLadies and gentlemen, good day and welcome to Full Truck Alliance's Fourth Quarter and Full Year 2022 Earnings Conference Call. Today's conference is being recorded.At this time, I would like to turn the conference over to Mao Mao, Head of Investor Relations. Please go ahead.\nMao Mao\nThank you, operator. Please note that today's discussion will contain forward-looking statements relating to the company's future performance, which are intended to qualify for the safe harbor from liability as established by the U.S. Private Securities Litigation Reform Act. Such statements are not guarantees of future performance and are subject to certain risks and uncertainties, assumptions and other factors. Some of these risks are beyond the company's control and could cause actual results to differ materially from those mentioned in today's press release and discussion. A general discussion of the risk factors that could affect FTA's business and financial results is included in certain filings of the company with the SEC. The company does not undertake any obligation to update this forward-looking information except as required by law.During today's call, management will also discuss certain non-GAAP financial measures for comparison purpose only. For a definition of non-GAAP financial measures and a reconciliation of GAAP to non-GAAP financial results, please see the earnings release issued earlier today. Joining us today on the call from FTA's management side are Mr. Hui Zhang, our Founder, Chairman and CEO; and Mr. Simon Cai, our CFO. Management will begin with prepared remarks and the call will conclude with a Q&A session. As a reminder, this conference is being recorded. In addition, a webcast replay of this call will be available on FTA's investor relations website at ir.fulltruckalliance.com.I will now turn the call over to our Founder, Chairman and CEO, Mr. Zhang. Please go ahead.\nHui Zhang\n[Interpreted] Hello, everyone. Thank you for joining us today on our fourth quarter and full year 2022 earnings conference call. During the year, uncertainties persisting within the macro environment posed various challenges to our operations. Despite these headwinds, we are pleased with our performance in the fourth quarter as we are ending 2022 on a strong note. Over the past year, we achieved progress across all of our business segments that are in different stages of development. We took steps to standardize our platform data management and upgrade the network security system by leveraging big data and advanced freight matching algos. This enhanced the users' experience by providing them with high quality, efficient and full coverage capacity network services in a secure network environment.Additionally, we made considerable efforts in platform process simplification, improved app usability and user misconduct rectification. These actions mainly include building a shipper rating system, creating the 5-star shipper accreditation, launching a trucker growth pilot program and cracking down on malicious price cutting behavior. By maximizing both shippers and truckers' experience and elevating operational efficiency, we expanded our high value services to more shippers and truckers during the year and safeguarded their right and interest. As we ended 2022, we were pleased to see a revival in user growth in terms of both shippers and truckers fueled by reinstating new user registration in June. With the number of high quality users growing on platform, we are improving our platform ecosystem to provide a more secure transaction environment for our users.Furthermore, as corporate social responsibility is 1 of our core values, we lowered the number of trucks with empty loads, saving energy and reducing carbon emissions through implementing new technological innovation; further contributing to the green development of the transportation industry. For the full year, our gross transaction value and the number of fulfilled orders reached RMB 261.1 and 119 million, respectively. While our business was adversely affected by repeated resurgence of COVID outbreaks at the beginning of the fourth quarter, growth rate began to recover following the full removal of COVID restrictions in December. In the fourth quarter, the GTV reached RMB 72 billion while the number of fulfilled orders was 32.6 million. Our average shipper MAU reached 1.88 million, representing a 19.7% increase year-over-year.With the strong aforementioned tailwind, total net revenue in the fourth quarter surged by 34.5% year-over-year to RMB 1.92 billion. As for our non-GAAP financial measures, our adjusted net income reached RMB 445.8 million in the fourth quarter. On a full year basis, the total net revenues from our platforms soared by 44.6% year-over-year to RMB 6.73 billion and the non-GAAP adjusted net income increased by 209.8% to RMB 1,395.4 million. Looking ahead into 2023 in the wake of the post-pandemic era, activity within the entire freight industry is well on its way to a full recovery. China's unswerving support for private enterprises and the platform economy positions the country for a revival in social and economic activities. This renewed energy reaffirms our commitment to our long-term vision and strategic direction of our platform development.We will keep advancing our technological innovations by leveraging big data, matching algos and artificial intelligence to create more value for users across different industries. While promoting the green transformation of China's transport industry, we will push forward in solidifying our industry leadership position and further expand our market share creating greater value for users, shareholders and other stakeholders. To further demonstrate our confidence in the company's long-term prospects, today we announced that the Board of Directors authorized a share repurchase program under which the company may repurchase up to $500 million of ADS over the next 12 months. The company plans to fund the repurchase from its existing cash balance.Thank you. With that, I will now turn the call over to our CFO, Simon, who will elaborate further on our fourth quarter progress and go over our operational and financial results in more detail.\nChong Cai\nThank you, Mr. Zhang, and hello everyone. Today as usual, I will first go over some of the highlights for the quarter followed by a brief overview of our key financials. The quarter began with the lingering pandemic challenges weighing on the economy. While the fourth quarter is the traditional peak season for freight transport, various regions continued to experience certain fluctuations in freight volume in October and November due to rolling COVID policies, which negatively impacted our business. Following the removal of COVID restrictions in December, the order volume from the platform gradually ramped up reaching the full year peak in early December. However, in mid-December, the order volume declined due to a large number of truckers getting infected with COVID, which affected overall transport capacity. As infected truckers returned to work and transport capacity recovered after the Chinese New Year, we see activity within the freight industry resurging from the lows of last year.Despite the many disruptions, our average fulfillment rate reached approximately 24% in fourth quarter, increasing on a monthly basis with our average fulfillment rate reaching 26.4% in December. The increase in fulfillment rate was due to easing COVID policies, which strengthened truckers' willingness to take freight orders while we also progressively restored the supply and demand balance between truckers and shippers. Moreover, with the resumption of new user registration, the overall number of shippers on the platform grew, of which most of them are direct shippers with relatively higher fulfillment rate as compared to middlemen and therefore contributed to our improved fulfillment rate. Now looking specifically at our users. We were able to maintain the previous quarter's momentum that was ignited by the revival of new users registration. The continued uptake in the overall users during the fourth quarter pushed our average shipper MAUs to 1.88 million for a year-over-year increase of 19.7%.Our average trucker MAUs, including those fulfilling and responding to orders, remained stable month-over-month with 3.5 million active truckers fulfilling shipments in the past 12 months. In the last 4 quarters and the 12-month rolling retention rate of those shipper numbers and the next month's retention rate of truckers who responded to orders remained steady at around 85%. Our ability to maintain a high retention rate demonstrate once again the high degree of stickiness of our overall user base. Along with our high user gains, we are optimizing our overall user composition as the number of both 688 members and non-paying members, which typically are direct shippers, continued to increase in the fourth quarter. More importantly, the contribution from these 2 types of users further increased to about 45% in terms of number of fulfilled orders, which we expect will increase further as the user scale continue to expand.This year the acquisition of new users will remain a high priority. In addition to our traditional online marketing and promotional activities, we will explore new initiatives and marketing channels to attract high value users and build brand awareness such as precise marketing towards consumer user scenarios and marketing through users' social networks. At the same time, we will strengthen our offline user acquisition strategy through our ground promotion teams combined with our local operations to reach target user groups both online and offline. As we move into 2023, we remain focused on improving our services, acquiring and retaining users and allocating more resources on branding and marketing in order to gradually replace the inefficient acquaintance truckers model. We plan to attract more low and medium frequency direct shippers through online channels and improving the user experience for their first time fulfillment in order to boost the conversion rate of non-paying users into paying members.Now briefly turning to our platform. In the fourth quarter, we continued to invest resources in creating a trusted transaction environment and improving the healthiness of the platform's ecosystem. We simplified users' complaint process and made it more accessible and user friendly. For instance, our hotline upgrades makes it easier for users to access customer service and the complaint button on the app's order detail page allows users a 1-click access to the complaint section. We also fundamentally improved our product functionalities to reduce the possibility of disputes. As an example in response to shippers' order cancellation, we added trucker comment feature to allow truckers' voice to be heard, hence encouraging rational shipments and reducing frictions between shippers and truckers.Another notable accomplishment for us in the fourth quarter was widening the penetration of our shipper rating system's coverage, which enhances the role of users' credit in our ecosystem and protects the interest of both truckers and shippers. As the number of 5-star high quality shippers continue to increase and we gain more recognition from truckers and shippers, we have seen a significant decline in order cancellation rate by these 5-star shippers. Subsequently, the average fulfillment rate of 5-star shippers is 21.8 percentage points higher than that of the platform as a whole. As we proceed, we will continue to refine and improve our rating system on both ends in order to regulate and discipline their behaviors. Turning to our online transaction service. The segment maintained sustainable growth in the fourth quarter amid the volatile macro environment showing a 67.4% increase year-over-year to RMB 447.8 million. This increase was primarily driven by improved commission rate.In the fourth quarter, our online transaction service covered roughly 50% of the transaction GTV or 60% if measured by fulfilled orders. For the full year, commission penetration by number of orders has increased by nearly 8 percentage points to approximately 56%. Looking ahead, we will beef up our investment to strengthen our platform's fulfillment and transaction assurance services. Furthermore, as we expand our users, we will refine our tiered commission strategy based on freight matching time and freight amount and dynamically adjust our commission policies. Additionally, given the fact that transaction disputes are a normal occurrence in this industry, we will continue to improve our data level algo in order to improve fulfillment efficiency and help with disputes resolution and ensure that truckers are provided with high quality, high priced goods from direct shippers, which should gradually improve our user composition and ultimately contribute to higher commission rate.In summary, during 2022 we continued to improve the platform's ecosystem's governance and elevated the users' experience while ensuring network system security and optimizing platform data regulations. We in fact implemented an active user acquisition strategy once new user registration resumed, which expanded our platform's user base and created value for our users. We are proud of our team for their dedication and hard work under the conditions created by COVID restrictions. Going forward, we will direct that same spirit to sharpen our performance by leveraging digitalization technologies to improve our algos, matching accuracy and efficiency; broaden our products and services for direct shippers; and acquire more high quality users. As the freight industry gradually recovers, we will continue to harness our core advantages to provide users with service quality assurances and boost our commercialization capabilities further fortifying our leading industry position.Now I'd like to provide a brief overview of our fourth quarter 2022 and full year 2022 financials. Given the limited time for today's call, I will be presenting some abbreviated financial highlights. We encourage you to read through our press release issued earlier today for details. Our total revenue for the year was RMB 6.7 billion representing a 44.6% increase year-over-year. Net revenues for the fourth quarter were RMB 1.9 billion representing a 34.5% increase year-over-year. For 2022 our net revenue from freight matching services; including service fees from freight brokerage models, membership fees from listing models and commissions from online transaction services; were RMB 5.7 billion, up 43.3% from 2021. And RMB 1.6 billion for the fourth quarter, up 31.4% year-over-year primarily due to the rapid growth in transaction commissions as well as an increase in revenues from our freight brokerage service.Revenues from freight brokerage service reached RMB 3.4 billion for 2022, up 34.5% year-over-year. On a quarterly basis, net revenue increased by 24% to RMB 943.6 million in the fourth quarter, primarily driven by continued growth in transaction volume as a result of improved user penetration. Revenues from freight listing service were RMB 852.4 million for the full year, up 13.2% year-over-year and rose 11.2% year-over-year in the fourth quarter to reach RMB 223.1 million, primarily due to an increase in total paying members. Revenue from transaction commissions amounted to RMB 1.4 billion in 2022 representing 107.4% increase year-over-year. On a quarterly basis, the net revenue amounted to RMB 447.8 million in the fourth quarter representing a 67.4% increase year-over-year primarily driven by an expanded take rate as well as improved commission penetration.Revenue from value-added services were RMB 1.1 billion in 2022 representing a 51.7% increase year-over-year. For the fourth quarter, net revenues increased to RMB 308.1 million representing a 53.7% increase year-over-year mainly attributable to an increase in revenue from credit solutions and other value-added services. Cost of revenues in the fourth quarter was RMB 951.8 million, compared with RMB 658.2 million in the prior year period. The increase was primarily due to an increase in VAT related tax surcharges and other tax costs net of tax refunds from government authorities. These tax-related costs net of refunds totaled RMB 857.4 million representing an increase of 54.3% from RMB 555.5 million in the same period in 2021, primarily due to continued increase in transaction activities involving our freight brokerage service. Our sales and marketing expenses in the fourth quarter were RMB 281.1 million compared with RMB 239.4 million in the prior year period.The increase was primarily due to an increase in salary and benefit expenses driven by higher sales and marketing headcount as well as increase in online advertising and marketing expenses. General and administrative expenses in the fourth quarter were RMB 408.2 million compared with RMB 1.6 billion in the prior year period. The decrease was primarily due to lower share-based compensation expenses partially offset by an increase in professional service fees. R&D expenses in the fourth quarter were RMB 250.2 million compared with RMB 233.6 million in the prior year period. The increase was primarily due to an increase in salary and benefits expenses driven by higher R&D headcount. Loss from operations in the fourth quarter was RMB 5.3 million compared with RMB 1.4 billion in the same period of 2021. Net income in the fourth quarter was RMB 195.7 million compared with a net loss of RMB 1.3 billion in the same period of 2021.Under non-GAAP measures, our adjusted operating income in the fourth quarter was RMB 248.4 million compared with RMB 159.1 million in the same period of 2021. Our adjusted net income in the fourth quarter was RMB 445.8 million compared with RMB 242.8 million in the same period of 2021. Basic and diluted net income per ADS were RMB 0.18 in the fourth quarter compared with basic and diluted net loss per ADS of RMB 1.23 in the same period of 2021. Non-GAAP adjusted basic and diluted net income per ADS were RMB 0.42 in the fourth quarter compared with non-GAAP adjusted basic and diluted net income per ADS of RMB 0.23 in the same period of 2021. As of December 31, 2022 our cash and cash equivalents, restricted cash and short-term investments totaled RMB 26.3 billion compared with RMB 26 billion as of December 31, 2021.As of December 31 last year, the total outstanding balance of the on-balance sheet loans consisting of the total principal amounts and all accrued and unpaid interest net of provisions of the loans funded through our small loan company and the trusts established by us was RMB 2,648.4 million compared with RMB 1,777.7 million as of December 31, 2021. And the total non-performing loan ratio for these loans was around 2% as of the end of last year, which was flat compared with that of December 31 in 2021. Looking at our business outlook for the first quarter of 2023. We expect our total net revenues to be between RMB 1.56 billion and RMB 1.64 billion representing a year-over-year growth rate of approximately 16.9% to 23%. These forecasts reflect the company's current and preliminary views on the market and operational conditions, which are subject to changes and cannot be predicted with reasonable accuracy as of the date hereof.In late January we were forced to defend ourselves against groundless allegations in a published short-seller report. Upon receipt of the report, the audit committee quickly launched an independent investigation with the assistance of third-party professional advisors, including an international law firm and outside forensic accounting experts from a Big Four `accounting firm. Today we announced the substantial completion of the internal review, which were conclusive in its findings that the key allegations were not substantiated. We sincerely appreciate the trust and support we have received from our investors during this period and want to take this opportunity to publicly reiterate our commitment to maintaining high standards, transparency and timely disclosure in compliance with the rules of the New York Stock Exchange.That concludes our prepared remarks. We would now like to open the call to Q&A. Operator, please go ahead.\nQuestion and Answer Session\nOperator\n(Operator Instructions) And our first question today comes from Ronald Keung with Goldman Sachs.\nRonald Keung\n(foreign language) Just want to ask about that the pandemic impact is mostly behind us and we're also seeing the overall kind of macroeconomy kind of improving. So against this backdrop in 2023, how do you view the overall strategy direction of the company and what are the company's business priorities this year?\nHui Zhang\n[Interpreted] Our priority for 2023 is to reinforce our platform's core competitiveness and enhance user stickiness. The removal of pandemic controls has been a game changer for us as business activities return to normal. As demand and supply gradually resume, we will double our effort in building our brand equity along with improving operations at both user ends. For truckers, we plan to successively implement our trucker hierarchical management strategy in various regions throughout the country. Truckers will be incentivized to improve service quality as well as to increase their activity level. On the shipper side, we will intensify and broaden new user acquisition and in combination with a series of operational activities, including promoting users' first time fulfillment and converting non-paying users into 688 members, thereby increasing shippers' usage frequency and user stickiness. This year we will remain focused on full truckload transportation to solidify a more comprehensive foundation for the platform business. As for our new business initiatives, we will take a steady approach of validating the innovative business models while balancing skill and efficiency.\nOperator\nAnd our next question today comes from Charlie Chen at China Renaissance.\nY. Chen\n(foreign language) So in the fourth quarter the platform's fulfilled GTV rose by 3.5% and average freight rate increased by 6% quarter-over-quarter. What are the reasons for these changes and how do you see the freight rate trending going forward?\nChong Cai\nLet me address the rest of the questions in English. Our sequential GTV growth in the past quarter was primarily attributable to an upswing in new users following the resumption of new user registration, which partially offset the pandemic's negative drags on business. As we faced bottlenecks due to transportation capacity constraints from the pandemic control measures, short-term freight rates rose which had a persistent and lagging impact on transaction volume. When the pandemic control measures were lifted in December, the demand recovered as evidenced by our platform data yet the supply was not fully able to -- was not able to fully catch up with demand. However, this issue was gradually resolved after the Chinese New Year as more truckers returned to work.Regarding the freight rate, its increase in the fourth quarter was primarily due to higher fuel prices in 2022 in addition to the changes in the imbalance of supply and demand resulting from the pandemic. Looking ahead into 2023 while fuel prices are still high, the pandemic's impacts are gradually receding. As such, we expect the overall freight rate to slowly return to a reasonable price range. The freight rate is affected by a variety of external factors including fuel prices and highway toll fees among other things, which are difficult to predict and they are impacted by factors beyond our control. In comparison, the platform's fulfilled order volume is a better reflection of our overall operating capabilities and this is also why, as we mentioned previously, we will no longer focus and disclose GTV related operating metrics starting from the first quarter onwards.\nOperator\nOur next question today comes from Jiulu Li with CICC.\nJiulu Li\n(foreign language) The number of fulfilled orders decreased by 2.5% quarter-over-quarter in the fourth quarter. What are the factors that contributed to this? How do you see the volume of fulfilled orders trending in the first quarter?\nChong Cai\nFirstly, we see the negative impacts of pandemic weighted on our operation in the last quarter and these headwinds were more pronounced in October and November as we experienced varying degree of logistics disruptions in some of the key provinces with large freight volumes such as Hunan, Anhui, Henan, Shandong and Hubei. Subsequently, the overall transaction volume was below our expectation around Double 11, the e-commerce sales promotion season. The average daily transaction volume only began to rebound after the removal of pandemic control measures in December and gradually reached its peak for 2022 by year-end. However, the upturn in orders from newly registered users in the fourth quarter partially offset the pandemic's first effects. Judging from our operating performance since January this year, the freight volume recovered better than expected after the Chinese New Year as we've achieved outstanding year-on-year growth. In the absence of any unexpected external changes, we anticipate a year-on-year increase at low teens in overall order volume in the first quarter as both demand and supply recover.\nOperator\nAnd our next question today comes from Cherry Leung with Bernstein.\nCherry Leung\n(foreign language) Can you please provide an update on your shipper members expansion? And do you see any changes in your truckers and shippers activities in the quarter?\nChong Cai\nIn the fourth quarter, we continued to advance our shipper membership strategy. As a result, the number of shipper members grew to 730,000, up almost 20% year-over-year. The growth was primarily attributable to an increase in our 688 members who are mostly direct shippers as our year-over-year growth in the 688 members exceeded 30%. Additionally, as part of our strategy to increase user growth, we remained focused on prioritizing user experience in the fourth quarter. For example, we committed to improve the fulfillment rate of new non-member users' first 3 orders on our platform and increased our telemarketing coverage. This facilitated user conversion upon initial purchase of membership thereby enabling us to reach our target of high quality membership user growth. With respect to user activity, truckers' ability to respond to orders and fulfillment capabilities fell slightly from the third quarter due to the pandemic control measures in October and November. That being said, our platform's users still displayed strong stickiness resulting in a steady retention rate quarter-over-quarter. Going forward as the industry recovers and we continue to strengthen our brand, we expect to maintain high level of stickiness and growth from both shippers and truckers.\nOperator\nAnd ladies and gentlemen, our next question today comes from Thomas Chong at Jefferies.\nThomas Chong\n(foreign language) Given the macro tailwind, can you elaborate more about your full year outlook in terms of volume growth as well as full year revenue guidance?\nChong Cai\nFor first quarter to-date, we are very pleased to see that the demand from both shippers and truckers have recovered significantly and we expect the overall order volume to deliver sequential growth quarter-over-quarter. Following this trend, we are confident to achieve a year-over-year growth in the high teens to low 20s for order volume on a full year basis. On the revenue front, we expect our total revenues for the first quarter to be between RMB 1.56 billion and RMB 1.64 billion representing a year-over-year growth rate of approximately 16.9% to 23%. We expect primary driver for the revenue will be continued growth in transaction commissions. For 2023 we expect revenues from transaction commissions to maintain a healthy growth rate as our user base and our volume continue to grow. At the same time, we remain committed to boosting the level of commission penetration as well as to further enhance our overall commission rate.\nOperator\nThank you. And ladies and gentlemen, this concludes the question-and-answer session. I'd like to turn the conference back over to management for any final remarks.\nMao Mao\nThank you once again for joining us today. If you have any further questions, please feel free to contact us at Full Truck Alliance or TPG Investor Relations. Have a good day.\nOperator\nThank you. This concludes today's conference call. We thank you all for attending today's presentation. You may now disconnect your lines and have a wonderful day.Portions of this transcript that are marked [Interpreted] were spoken by an interpreter present on the live call.","news_type":1},"isVote":1,"tweetType":1,"viewCount":104,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9949393931,"gmtCreate":1678343895023,"gmtModify":1678343898940,"author":{"id":"4133623950260892","authorId":"4133623950260892","name":"Aidukas","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4133623950260892","authorIdStr":"4133623950260892"},"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/9949393931","repostId":"2318787232","repostType":4,"repost":{"id":"2318787232","kind":"news","pubTimestamp":1678332053,"share":"https://ttm.financial/m/news/2318787232?lang=&edition=fundamental","pubTime":"2023-03-09 11:20","market":"us","language":"en","title":"Eberly Emerges as Frontrunner to Be Biden’s Fed Vice Chair Pick","url":"https://stock-news.laohu8.com/highlight/detail?id=2318787232","media":"Bloomberg","summary":"Northwestern professor seen as a dovish voice, analyst saysA final decision has not yet been made, p","content":"<html><head></head><body><ul><li>Northwestern professor seen as a dovish voice, analyst says</li><li>A final decision has not yet been made, people familiar say</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/502dd24ec0b6793044b6dfba2d46600b\" tg-width=\"1000\" tg-height=\"666\" referrerpolicy=\"no-referrer\"/><span>Janice Eberly  Photographer: David Paul Morris/Bloomberg</span></p><p>Northwestern University Professor Janice Eberly is the frontrunner in the White House search for a successor to Lael Brainard as vice chair of the Federal Reserve, people familiar with the matter said.</p><p>Eberly, who served as chief economist at the Treasury Department under President Barack Obama, has emerged quickly as a candidate in the weeks since Brainard was picked as President Joe Biden’s top economic aide.</p><p>Eberly met recently for an interview with Jeff Zients, Biden’s chief of staff, as well as with Brainard and Treasury Secretary Janet Yellen, a former Fed chair, one of the people said. A final decision has not yet been made, the people said.</p><p>One of the people said things are moving in her direction but Biden has yet to interview her.</p><p>The White House did not immediately respond to a request for comment on Wednesday night.</p><p>The Biden administration has indicated that it wants to fill the crucial position relatively soon, as the US central bank continues its aggressive campaign to quell inflation and opens the door to further, faster rate increases. Biden’s nominee must be confirmed by the US Senate, where Democrats hold a slim majority.</p><p>White House Press Secretary Karine Jean-Pierre said Monday that the White House would announce developments “in the near future.”</p><p>Some progressives are urging the White House to fill the vacancy with someone who would do more to defend the Fed’s mandate to support the labor market, and be less likely to push for further interest-rate hikes they warn could derail the economy.</p><p>The Fed has raised rates from near zero a year ago to a range of 4.5% to 4.75% to try to cool persistent price pressures. Chair Jerome Powell told lawmakers this week rates are likely tomove higherand potentially faster than officials previously expected if economic data keeps coming in hot.</p><p>Bharat Ramamurti, deputy director of the White House National Economic Council, told Bloomberg Television this week that the administration wants to “find somebody who truly believes in the Fed’s dual mandate, somebody who believes in the president’s economic vision.”</p><p>Biden has also been urged to choose a Latino candidate to succeed Brainard, with 34 lawmakers signing a letter calling for such a trailblazing appointment.</p><p>Eberly, if nominated, could run into opposition from lawmakers who have pushed for more diversity among the Fed’s upper ranks, testing Biden’s support in the Senate.</p><p>Other names that have been in the mix for the role include Harvard University professor Karen Dynan, who along with Eberly was seen as a leading candidate for the position.</p><p>While Dynan also held a key role in the Obama administration, succeeding Eberly as chief economist at the Treasury, Eberly is seen as the more dovish of the two, Bloomberg Chief US Economist Anna Wong wrote in a research analysis.</p><p>Dynan would be one of the Fed’s most hawkish voices, Wong projected. “Eberly, on the other hand, might be closer to Brainard in her optimism that the Fed can get inflation back to target without generating a significant slowdown in the labor market,” Wong wrote.</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>Eberly Emerges as Frontrunner to Be Biden’s Fed Vice Chair Pick</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEberly Emerges as Frontrunner to Be Biden’s Fed Vice Chair Pick\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-09 11:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-03-09/eberly-emerges-as-frontrunner-to-be-biden-s-fed-vice-chair-pick?srnd=premium><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Northwestern professor seen as a dovish voice, analyst saysA final decision has not yet been made, people familiar sayJanice Eberly  Photographer: David Paul Morris/BloombergNorthwestern University ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-03-09/eberly-emerges-as-frontrunner-to-be-biden-s-fed-vice-chair-pick?srnd=premium\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.bloomberg.com/news/articles/2023-03-09/eberly-emerges-as-frontrunner-to-be-biden-s-fed-vice-chair-pick?srnd=premium","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2318787232","content_text":"Northwestern professor seen as a dovish voice, analyst saysA final decision has not yet been made, people familiar sayJanice Eberly  Photographer: David Paul Morris/BloombergNorthwestern University Professor Janice Eberly is the frontrunner in the White House search for a successor to Lael Brainard as vice chair of the Federal Reserve, people familiar with the matter said.Eberly, who served as chief economist at the Treasury Department under President Barack Obama, has emerged quickly as a candidate in the weeks since Brainard was picked as President Joe Biden’s top economic aide.Eberly met recently for an interview with Jeff Zients, Biden’s chief of staff, as well as with Brainard and Treasury Secretary Janet Yellen, a former Fed chair, one of the people said. A final decision has not yet been made, the people said.One of the people said things are moving in her direction but Biden has yet to interview her.The White House did not immediately respond to a request for comment on Wednesday night.The Biden administration has indicated that it wants to fill the crucial position relatively soon, as the US central bank continues its aggressive campaign to quell inflation and opens the door to further, faster rate increases. Biden’s nominee must be confirmed by the US Senate, where Democrats hold a slim majority.White House Press Secretary Karine Jean-Pierre said Monday that the White House would announce developments “in the near future.”Some progressives are urging the White House to fill the vacancy with someone who would do more to defend the Fed’s mandate to support the labor market, and be less likely to push for further interest-rate hikes they warn could derail the economy.The Fed has raised rates from near zero a year ago to a range of 4.5% to 4.75% to try to cool persistent price pressures. Chair Jerome Powell told lawmakers this week rates are likely tomove higherand potentially faster than officials previously expected if economic data keeps coming in hot.Bharat Ramamurti, deputy director of the White House National Economic Council, told Bloomberg Television this week that the administration wants to “find somebody who truly believes in the Fed’s dual mandate, somebody who believes in the president’s economic vision.”Biden has also been urged to choose a Latino candidate to succeed Brainard, with 34 lawmakers signing a letter calling for such a trailblazing appointment.Eberly, if nominated, could run into opposition from lawmakers who have pushed for more diversity among the Fed’s upper ranks, testing Biden’s support in the Senate.Other names that have been in the mix for the role include Harvard University professor Karen Dynan, who along with Eberly was seen as a leading candidate for the position.While Dynan also held a key role in the Obama administration, succeeding Eberly as chief economist at the Treasury, Eberly is seen as the more dovish of the two, Bloomberg Chief US Economist Anna Wong wrote in a research analysis.Dynan would be one of the Fed’s most hawkish voices, Wong projected. “Eberly, on the other hand, might be closer to Brainard in her optimism that the Fed can get inflation back to target without generating a significant slowdown in the labor market,” Wong wrote.","news_type":1},"isVote":1,"tweetType":1,"viewCount":193,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9940783858,"gmtCreate":1678176946974,"gmtModify":1678176950763,"author":{"id":"4133623950260892","authorId":"4133623950260892","name":"Aidukas","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4133623950260892","authorIdStr":"4133623950260892"},"themes":[],"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9940783858","repostId":"2317448390","repostType":4,"repost":{"id":"2317448390","kind":"highlight","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":1678175119,"share":"https://ttm.financial/m/news/2317448390?lang=&edition=fundamental","pubTime":"2023-03-07 15:45","market":"us","language":"en","title":"20 Income-Building Stocks That the Numbers Say Could Become Elite Dividend Aristocrats","url":"https://stock-news.laohu8.com/highlight/detail?id=2317448390","media":"Dow Jones","summary":"Back in January, we took a deep look into three groups of Dividend Aristocrat stocks to show which o","content":"<html><head></head><body><p>Back in January, we took a deep look into three groups of Dividend Aristocrat stocks to show which ones had increased their payouts most significantly over the past five years. Now it is time for a follow-up on other companies that have the potential to earn the Aristocrat distinction.</p><p>Before doing this new stock screen, we have to define the Aristocrats:</p><ul><li>The S&amp;P 500 Dividend Aristocrats Index is made up of 65 stocks in the S&amp;P 500SPXof companies that have raised their dividends on common shares for at least 25 consecutive years. That is the only requirement — it makes no difference how high or low the current dividend yield may be. The index is equal-weighted, rebalanced quarterly and reconstituted annually. It is tracked by the ProShares S&amp;P 500 Dividend Aristocrats ETF.The ETF’s total return with dividends reinvested for five years through March 3 has been 62%, slightly better than the 61% return for the ProShares S&amp;P 500 Dividend Trust SPY for the same period. But NOBL is less than 10 years old. If we look at 10-year performance for the indexes, the full S&amp;P 500 has beaten the S&amp;P 500 Dividends Aristocrats Index slightly. Going back 15 years, the S&amp;P 500 Dividends Aristocrats Index has shined, with a 451% return, against 320% for the full S&amp;P 500, according to FactSet.</li><li>The S&amp;P 400 Dividend Aristocrats Index has 50 stocks of companies that have raised dividends for at least 15 consecutive years, drawn from the S&amp;P Mid Cap 400 Index. It is tracked by the ProShares S&amp;P MidCap 400 Dividend Aristocrats ETF.</li><li>The S&amp;P High Yield Dividend Aristocrats Index has 121 stocks drawn from the S&amp;P Composite 1500 Index that have increased dividends for at least 20 straight years. It is tracked by the SPDR S&amp;P Dividend ETF.The S&amp;P Composite 1500 is combination of the S&amp;P 500, the S&amp;P Mid Cap 400 and the S&amp;P 600 Small Cap Index. So the S&amp;P High Yield Dividend Aristocrats Index includes all the stocks in the S&amp;P 500 Dividend Aristocrats Index. But it excludes some that are in the S&amp;P 400 Dividend Aristocrats Index. The name of the High Yield Dividend Aristocrats Index is confusing because the yields aren’t necessarily high — they range from 0.23% to 5.39%.</li></ul><p>Altogether there are 139 Dividend Aristocrats.</p><p>In January, we listed the 15 Dividend Aristocrats that had been the best income builders over the previous five years.</p><p>The concept of building income over the long term is an important one. An investor who is interested in stocks of companies that pay dividends might focus on a high current yield (the annual dividend payout divided by the current share price). But a high current yield might point to a lack of confidence that the company can continue paying a high dividend.</p><p>You might benefit from dividend increases over the long term. For an updated example among the S&amp;P 500 Dividend Aristocrats from the previous article, consider Automatic Data Processing Inc.. If you had purchased the stock five years ago, on March 2, 2018 (a Friday), you would have paid $113.60 a share. At that time the annual dividend payout rate was $2.52 a share, for a yield of 2.22%. Fast-forward to March 3, 2023 and the share price had nearly doubled to $224.75. The company now pays $5 a share annually, for a current yield of 2.22% — same as five years earlier. But now the dividend yield on your five-year-old shares is 4.40%.</p><h2>New screen: potential Dividend Aristocrats</h2><p>In the comments below the previous Dividend Aristocrats article, a reader had the following suggestion: “Can you run a screen solely on companies that have market caps &gt; $8BN and increased their dividend payouts by 15% or more over the past 7yrs, 5yrs, 3yrs, and 12 months? That would capture some of those companies that aren’t yet Dividend Aristocrats but may be on the way to becoming one. “</p><p>To simplify this new screen, we only looked back at five years of dividend growth. And to eliminate distorted dividend growth rates for companies that were making very low payouts five years ago, we set a minimum then-current dividend yield of 1.00%.</p><p>For the new screen we began with the S&amp;P 1500 Composite Index and then made the following cuts using data provided by FactSet:</p><ul><li>Remove the 139 companies in all three groups of Dividend Aristocrats to reduce the list to 1,361 companies.</li><li>Remove any company with a current market capitalization less than $8.000 billion: 463 companies.</li><li>Remove any company that doesn’t pay a dividend currently: 339 companies.</li><li>Remove any company that didn’t pay a dividend, or had a then-current dividend yield of less than 1.00%, five years ago: 252 companies.</li><li>Remove any company’s whose annual dividend rate didn’t increase during each of the past five 12-month periods, according to FactSet: 122 companies.</li></ul><p>Here are the 20 remaining companies with the highest five-year compound annual growth rates (CAGR) for annual dividends:</p><p><img src=\"https://static.tigerbbs.com/411cd0e074580283cd7386bcc9ee5859\" tg-width=\"926\" tg-height=\"1747\" referrerpolicy=\"no-referrer\"/></p><p>Topping the list with the highest five year dividend CAGR is Tractor Supply Co. You can see that the dividend yield five years ago wasn’t very high, at 1.68% and that the current yield for someone buying now would be only 1.79%. But look at how the dividend has grown. If you had held this stock since buying it five years ago, the yield on your five-year-old shares would be 6.42% and your share price would have increased by 258%.</p><p>Passing a stock screen guarantees nothing. If you see any companies on the list that interest you, the next step is to do your own research and form your own opinion about each company’s business strategy and how competitive you expect it to be delivering goods and services for the next decade at least.</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>20 Income-Building Stocks That the Numbers Say Could Become Elite Dividend Aristocrats</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\">\n20 Income-Building Stocks That the Numbers Say Could Become Elite Dividend Aristocrats\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\">2023-03-07 15:45</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Back in January, we took a deep look into three groups of Dividend Aristocrat stocks to show which ones had increased their payouts most significantly over the past five years. Now it is time for a follow-up on other companies that have the potential to earn the Aristocrat distinction.</p><p>Before doing this new stock screen, we have to define the Aristocrats:</p><ul><li>The S&amp;P 500 Dividend Aristocrats Index is made up of 65 stocks in the S&amp;P 500SPXof companies that have raised their dividends on common shares for at least 25 consecutive years. That is the only requirement — it makes no difference how high or low the current dividend yield may be. The index is equal-weighted, rebalanced quarterly and reconstituted annually. It is tracked by the ProShares S&amp;P 500 Dividend Aristocrats ETF.The ETF’s total return with dividends reinvested for five years through March 3 has been 62%, slightly better than the 61% return for the ProShares S&amp;P 500 Dividend Trust SPY for the same period. But NOBL is less than 10 years old. If we look at 10-year performance for the indexes, the full S&amp;P 500 has beaten the S&amp;P 500 Dividends Aristocrats Index slightly. Going back 15 years, the S&amp;P 500 Dividends Aristocrats Index has shined, with a 451% return, against 320% for the full S&amp;P 500, according to FactSet.</li><li>The S&amp;P 400 Dividend Aristocrats Index has 50 stocks of companies that have raised dividends for at least 15 consecutive years, drawn from the S&amp;P Mid Cap 400 Index. It is tracked by the ProShares S&amp;P MidCap 400 Dividend Aristocrats ETF.</li><li>The S&amp;P High Yield Dividend Aristocrats Index has 121 stocks drawn from the S&amp;P Composite 1500 Index that have increased dividends for at least 20 straight years. It is tracked by the SPDR S&amp;P Dividend ETF.The S&amp;P Composite 1500 is combination of the S&amp;P 500, the S&amp;P Mid Cap 400 and the S&amp;P 600 Small Cap Index. So the S&amp;P High Yield Dividend Aristocrats Index includes all the stocks in the S&amp;P 500 Dividend Aristocrats Index. But it excludes some that are in the S&amp;P 400 Dividend Aristocrats Index. The name of the High Yield Dividend Aristocrats Index is confusing because the yields aren’t necessarily high — they range from 0.23% to 5.39%.</li></ul><p>Altogether there are 139 Dividend Aristocrats.</p><p>In January, we listed the 15 Dividend Aristocrats that had been the best income builders over the previous five years.</p><p>The concept of building income over the long term is an important one. An investor who is interested in stocks of companies that pay dividends might focus on a high current yield (the annual dividend payout divided by the current share price). But a high current yield might point to a lack of confidence that the company can continue paying a high dividend.</p><p>You might benefit from dividend increases over the long term. For an updated example among the S&amp;P 500 Dividend Aristocrats from the previous article, consider Automatic Data Processing Inc.. If you had purchased the stock five years ago, on March 2, 2018 (a Friday), you would have paid $113.60 a share. At that time the annual dividend payout rate was $2.52 a share, for a yield of 2.22%. Fast-forward to March 3, 2023 and the share price had nearly doubled to $224.75. The company now pays $5 a share annually, for a current yield of 2.22% — same as five years earlier. But now the dividend yield on your five-year-old shares is 4.40%.</p><h2>New screen: potential Dividend Aristocrats</h2><p>In the comments below the previous Dividend Aristocrats article, a reader had the following suggestion: “Can you run a screen solely on companies that have market caps &gt; $8BN and increased their dividend payouts by 15% or more over the past 7yrs, 5yrs, 3yrs, and 12 months? That would capture some of those companies that aren’t yet Dividend Aristocrats but may be on the way to becoming one. “</p><p>To simplify this new screen, we only looked back at five years of dividend growth. And to eliminate distorted dividend growth rates for companies that were making very low payouts five years ago, we set a minimum then-current dividend yield of 1.00%.</p><p>For the new screen we began with the S&amp;P 1500 Composite Index and then made the following cuts using data provided by FactSet:</p><ul><li>Remove the 139 companies in all three groups of Dividend Aristocrats to reduce the list to 1,361 companies.</li><li>Remove any company with a current market capitalization less than $8.000 billion: 463 companies.</li><li>Remove any company that doesn’t pay a dividend currently: 339 companies.</li><li>Remove any company that didn’t pay a dividend, or had a then-current dividend yield of less than 1.00%, five years ago: 252 companies.</li><li>Remove any company’s whose annual dividend rate didn’t increase during each of the past five 12-month periods, according to FactSet: 122 companies.</li></ul><p>Here are the 20 remaining companies with the highest five-year compound annual growth rates (CAGR) for annual dividends:</p><p><img src=\"https://static.tigerbbs.com/411cd0e074580283cd7386bcc9ee5859\" tg-width=\"926\" tg-height=\"1747\" referrerpolicy=\"no-referrer\"/></p><p>Topping the list with the highest five year dividend CAGR is Tractor Supply Co. You can see that the dividend yield five years ago wasn’t very high, at 1.68% and that the current yield for someone buying now would be only 1.79%. But look at how the dividend has grown. If you had held this stock since buying it five years ago, the yield on your five-year-old shares would be 6.42% and your share price would have increased by 258%.</p><p>Passing a stock screen guarantees nothing. If you see any companies on the list that interest you, the next step is to do your own research and form your own opinion about each company’s business strategy and how competitive you expect it to be delivering goods and services for the next decade at least.</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","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","SPY":"标普500ETF","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","IE00B19Z9P08.USD":"LEGG MASON CLEARBRIDGE US AGGRESSIVE GROWTH \"A\" (USD) INC","LRCX":"拉姆研究","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","SDS":"两倍做空标普500ETF","BK4200":"专卖店","ADP":"自动数据处理","KR":"克罗格","TSCO":"拖拉机供应公司","SG9999001424.SGD":"United E-Commerce Fund SGD","LU0861579265.USD":"联博低波幅策略股票基金A","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","REGL":"ProShares S&P MidCap 400 Dividend Aristocrats ETF","BK4106":"数据处理与外包服务","BK4532":"文艺复兴科技持仓","LU1244550577.SGD":"FTIF - Franklin Global Multi-Asset Income A (Mdis) SGD-H1","SDY":"股息指数ETF-SPDR S&P","BK4554":"元宇宙及AR概念","UPRO":"三倍做多标普500ETF","BK4144":"石油与天然气的储存和运输","OEX":"标普100","BK4191":"家用电器",".SPX":"S&P 500 Index","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","INVH":"Invitation Homes Inc.","SH":"标普500反向ETF","BK4534":"瑞士信贷持仓","LU1244550494.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) ACC","LU0289941410.SGD":"AB FCP I Dynamic Diversified AX SGD","IE00BLSP4239.USD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis USD Plus","SSO":"两倍做多标普500ETF","IE00BLSP4452.SGD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis SGD-H Plus","MSCI":"MSCI Inc","BK4007":"制药","BK4566":"资本集团","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","NOBL":"ProShares S&P 500 Aristocrats ETF","LU1974910355.USD":"Allianz Thematica Cl AMg DIS USD","AVGO":"博通","LU0234570918.USD":"高盛全球核心股票组合Acc Close","BOLT":"Bolt Biotherapeutics, Inc.","OEF":"标普100指数ETF-iShares","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","BK4113":"食品零售","IE00B19Z9Z06.USD":"Legg Mason ClearBridge - US Aggressive Growth A Acc USD","TERN":"Terns Pharmaceuticals, Inc.","LU2106854487.HKD":"ALLIANZ THEMATICA \"AMG\" (HKD) INC","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","BK4550":"红杉资本持仓","CRCT":"Cricut, Inc.","BK4141":"半导体产品","MID":"American Century Mid Cap Growth Impact"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2317448390","content_text":"Back in January, we took a deep look into three groups of Dividend Aristocrat stocks to show which ones had increased their payouts most significantly over the past five years. Now it is time for a follow-up on other companies that have the potential to earn the Aristocrat distinction.Before doing this new stock screen, we have to define the Aristocrats:The S&P 500 Dividend Aristocrats Index is made up of 65 stocks in the S&P 500SPXof companies that have raised their dividends on common shares for at least 25 consecutive years. That is the only requirement — it makes no difference how high or low the current dividend yield may be. The index is equal-weighted, rebalanced quarterly and reconstituted annually. It is tracked by the ProShares S&P 500 Dividend Aristocrats ETF.The ETF’s total return with dividends reinvested for five years through March 3 has been 62%, slightly better than the 61% return for the ProShares S&P 500 Dividend Trust SPY for the same period. But NOBL is less than 10 years old. If we look at 10-year performance for the indexes, the full S&P 500 has beaten the S&P 500 Dividends Aristocrats Index slightly. Going back 15 years, the S&P 500 Dividends Aristocrats Index has shined, with a 451% return, against 320% for the full S&P 500, according to FactSet.The S&P 400 Dividend Aristocrats Index has 50 stocks of companies that have raised dividends for at least 15 consecutive years, drawn from the S&P Mid Cap 400 Index. It is tracked by the ProShares S&P MidCap 400 Dividend Aristocrats ETF.The S&P High Yield Dividend Aristocrats Index has 121 stocks drawn from the S&P Composite 1500 Index that have increased dividends for at least 20 straight years. It is tracked by the SPDR S&P Dividend ETF.The S&P Composite 1500 is combination of the S&P 500, the S&P Mid Cap 400 and the S&P 600 Small Cap Index. So the S&P High Yield Dividend Aristocrats Index includes all the stocks in the S&P 500 Dividend Aristocrats Index. But it excludes some that are in the S&P 400 Dividend Aristocrats Index. The name of the High Yield Dividend Aristocrats Index is confusing because the yields aren’t necessarily high — they range from 0.23% to 5.39%.Altogether there are 139 Dividend Aristocrats.In January, we listed the 15 Dividend Aristocrats that had been the best income builders over the previous five years.The concept of building income over the long term is an important one. An investor who is interested in stocks of companies that pay dividends might focus on a high current yield (the annual dividend payout divided by the current share price). But a high current yield might point to a lack of confidence that the company can continue paying a high dividend.You might benefit from dividend increases over the long term. For an updated example among the S&P 500 Dividend Aristocrats from the previous article, consider Automatic Data Processing Inc.. If you had purchased the stock five years ago, on March 2, 2018 (a Friday), you would have paid $113.60 a share. At that time the annual dividend payout rate was $2.52 a share, for a yield of 2.22%. Fast-forward to March 3, 2023 and the share price had nearly doubled to $224.75. The company now pays $5 a share annually, for a current yield of 2.22% — same as five years earlier. But now the dividend yield on your five-year-old shares is 4.40%.New screen: potential Dividend AristocratsIn the comments below the previous Dividend Aristocrats article, a reader had the following suggestion: “Can you run a screen solely on companies that have market caps > $8BN and increased their dividend payouts by 15% or more over the past 7yrs, 5yrs, 3yrs, and 12 months? That would capture some of those companies that aren’t yet Dividend Aristocrats but may be on the way to becoming one. “To simplify this new screen, we only looked back at five years of dividend growth. And to eliminate distorted dividend growth rates for companies that were making very low payouts five years ago, we set a minimum then-current dividend yield of 1.00%.For the new screen we began with the S&P 1500 Composite Index and then made the following cuts using data provided by FactSet:Remove the 139 companies in all three groups of Dividend Aristocrats to reduce the list to 1,361 companies.Remove any company with a current market capitalization less than $8.000 billion: 463 companies.Remove any company that doesn’t pay a dividend currently: 339 companies.Remove any company that didn’t pay a dividend, or had a then-current dividend yield of less than 1.00%, five years ago: 252 companies.Remove any company’s whose annual dividend rate didn’t increase during each of the past five 12-month periods, according to FactSet: 122 companies.Here are the 20 remaining companies with the highest five-year compound annual growth rates (CAGR) for annual dividends:Topping the list with the highest five year dividend CAGR is Tractor Supply Co. You can see that the dividend yield five years ago wasn’t very high, at 1.68% and that the current yield for someone buying now would be only 1.79%. But look at how the dividend has grown. If you had held this stock since buying it five years ago, the yield on your five-year-old shares would be 6.42% and your share price would have increased by 258%.Passing a stock screen guarantees nothing. If you see any companies on the list that interest you, the next step is to do your own research and form your own opinion about each company’s business strategy and how competitive you expect it to be delivering goods and services for the next decade at least.","news_type":1},"isVote":1,"tweetType":1,"viewCount":152,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9940783146,"gmtCreate":1678176919485,"gmtModify":1678176922804,"author":{"id":"4133623950260892","authorId":"4133623950260892","name":"Aidukas","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4133623950260892","authorIdStr":"4133623950260892"},"themes":[],"htmlText":"Oki","listText":"Oki","text":"Oki","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9940783146","repostId":"1169956890","repostType":4,"repost":{"id":"1169956890","kind":"news","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":1678176250,"share":"https://ttm.financial/m/news/1169956890?lang=&edition=fundamental","pubTime":"2023-03-07 16:04","market":"us","language":"en","title":"Option Movers｜Snap Sees Unusual Activities As Push to Ban TikTok Gains Steam in US Congress","url":"https://stock-news.laohu8.com/highlight/detail?id=1169956890","media":"Tiger Newspress","summary":"Market OverviewThe S&P 500 closed barely higher on Monday(Mar 6), giving up most of its earlier gain","content":"<html><head></head><body><h2>Market Overview</h2><p>The S&amp;P 500 closed barely higher on Monday(Mar 6), giving up most of its earlier gains as investors were cautious ahead of this week&#39;s testimony from Federal Reserve Chair Jerome Powell and the closely watched U.S. jobs report.</p><p>Regarding the options market, a total volume of 33,162,353 contracts was traded on Monday, down 22% from the previous trading day.</p><h2>Top 10 Option Volumes</h2><p>Top 10: SPY, QQQ, AAPL, TSLA, IWM, NVDA, VIX, AMZN, HYG, AMC</p><p>Options related to equity index ETFs are popular with investors, with 8.34 million<b><a href=\"https://laohu8.com/S/SPY\">SPDR S&amp;P500 ETF Trust</a></b> (SPY) and 2.93 million<b><a href=\"https://laohu8.com/S/QQQ\">Invest QQQ Trust ETF</a></b> (QQQ) options contracts trading on Monday.</p><p>Total trading volume for SPY decreased by 11%, from the previous day. 57% of SPY trades bet on bearish options.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9f5b164a629c4196f5b504431f60d340\" tg-width=\"828\" tg-height=\"1429\" referrerpolicy=\"no-referrer\"/><span>Source: Tiger Trade APP</span></p><p>Goldman Sachs says Apple can rally more than 30% thanks to its services business. Analyst Michael Ng initiated coverage of the big technology stock with a buy rating and a price target of $199, implying upside of nearly 32%. Apple closed up 1.9% on Monday trading.</p><p>There are 1.51 million Apple option contracts traded on Monday. Call options account for 54% of overall option trades. Particularly high volume was seen for the $155 strike call option expiring Mar 10, with 128,131 contracts trading.</p><h2>Most Active Options</h2><p><b>1. Most Active Trading Equities Options:</b></p><p><b>Special %Calls &gt;70%:</b> <a href=\"https://laohu8.com/S/BBBY\">Bed Bath &amp; Beyond</a></p><p><b>Special %Puts &gt;50%:</b> <a href=\"https://laohu8.com/S/NVDA\">NVIDIA Corp</a>, <a href=\"https://laohu8.com/S/SI\">Silvergate Capital</a></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/852dab5446836bf8d607bcf63f5b102f\" tg-width=\"1097\" tg-height=\"732\" referrerpolicy=\"no-referrer\"/><span>Data From CBOE Trader Alert, as of 7 Mar 2023 EDT</span></p><p><b>2. Most Active Trading ETFs Options</b></p><p><b>Special %Calls &gt;70%:</b> <a href=\"https://laohu8.com/S/SQQQ\">SQQQ</a>, <a href=\"https://laohu8.com/S/BOIL\">BOIL</a>, <a href=\"https://laohu8.com/S/UVXY\">UVXY</a></p><p><b>Special %Puts &gt;70%:</b> <a href=\"https://laohu8.com/S/HYG\">HYG</a>, <a href=\"https://laohu8.com/S/ARKK\">ARKK</a></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f4865e37761c49ea7a99010240c2c35d\" tg-width=\"1097\" tg-height=\"730\" referrerpolicy=\"no-referrer\"/><span>Data From CBOE Trader Alert, as of 7 Mar 2023 EDT</span></p><p><b>3. Top 10 Most Active Trading Indexes options</b></p><p><b>Special %Calls &gt;50%:</b> <a href=\"https://laohu8.com/S/VIX\">VIX</a></p><p><b>Special %Puts &gt;70%:</b> <a href=\"https://laohu8.com/S/XSP\">XSP</a>, <a href=\"https://laohu8.com/S/NANOS\">Nanos Standard &amp; Poor&#39;s 500</a> </p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/40c9e8c759a17342bdff19161c050c1b\" tg-width=\"1049\" tg-height=\"508\" referrerpolicy=\"no-referrer\"/><span>Data From CBOE Trader Alert, as of 7 Mar 2023 EDT</span></p><h2>Unusual Options Activity</h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/08a86429dc60009579a32afa2934093a\" tg-width=\"1600\" tg-height=\"328\" referrerpolicy=\"no-referrer\"/><span>Source: Market Chameleon</span></p><p>Snap Inc. shares soared on Monday as lawmaker efforts to ban TikTok appeared to be gaining traction in the US.</p><p>The Snapchat owner rose 9.5% after US Senate Intelligence Committee Chairman Mark Warner told Fox News on Sunday that he plans to introduce a bill this week to allow the US to ban Chinese technology, including the social media service owned by ByteDance Ltd.</p><p>There are 483,671 Snap option contracts traded on Monday. Call options account for 66% of overall option trades. Particularly high volume was seen for the $11.5 strike put option expiring Mar 10, with 32,204 contracts trading.</p><h2>TOP Bullish &amp; Bearish Single Stocks</h2><p>This report shows stocks with the highest volume of bullish and bearish activity by option delta volume, which converts option volume to an equivalent stock volume (bought or sold).</p><p>If we take the total positive option delta volume and subtract the total negative option delta volume, we will get the net imbalance. If the net imbalance is positive, there is more bullish pressure. If the net is negative, there is more bearish pressure.</p><p>Top 10 bullish stocks: KHC, KEY, LVS, XOM, C, GLW, EMR, MSFT, FSLR, WDC</p><p>Top 10 bearish stocks: TSLA, AAPL, META, GOOGL, AMD, AMZN, LUMN, BA, CVS, AAL</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/832cbd5e14b8c17d9b0516791c971ec8\" tg-width=\"805\" tg-height=\"397\" referrerpolicy=\"no-referrer\"/><span>Source: Market Chameleon</span></p><p>If you are interested in options and you want to:</p><ul><li>Share experiences and ideas on options trading.</li></ul><ul><li>Read options-related market updates/insights.</li></ul><ul><li>Learn more about options trading if you are a beginner in this field.</li></ul><p>Please click to join <a href=\"https://t.me/TigerBrokersOptions\" target=\"_blank\">Tiger Options Club</a></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>Option Movers｜Snap Sees Unusual Activities As Push to Ban TikTok Gains Steam in US Congress</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\">\nOption Movers｜Snap Sees Unusual Activities As Push to Ban TikTok Gains Steam in US Congress\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\">2023-03-07 16:04</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><h2>Market Overview</h2><p>The S&amp;P 500 closed barely higher on Monday(Mar 6), giving up most of its earlier gains as investors were cautious ahead of this week&#39;s testimony from Federal Reserve Chair Jerome Powell and the closely watched U.S. jobs report.</p><p>Regarding the options market, a total volume of 33,162,353 contracts was traded on Monday, down 22% from the previous trading day.</p><h2>Top 10 Option Volumes</h2><p>Top 10: SPY, QQQ, AAPL, TSLA, IWM, NVDA, VIX, AMZN, HYG, AMC</p><p>Options related to equity index ETFs are popular with investors, with 8.34 million<b><a href=\"https://laohu8.com/S/SPY\">SPDR S&amp;P500 ETF Trust</a></b> (SPY) and 2.93 million<b><a href=\"https://laohu8.com/S/QQQ\">Invest QQQ Trust ETF</a></b> (QQQ) options contracts trading on Monday.</p><p>Total trading volume for SPY decreased by 11%, from the previous day. 57% of SPY trades bet on bearish options.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9f5b164a629c4196f5b504431f60d340\" tg-width=\"828\" tg-height=\"1429\" referrerpolicy=\"no-referrer\"/><span>Source: Tiger Trade APP</span></p><p>Goldman Sachs says Apple can rally more than 30% thanks to its services business. Analyst Michael Ng initiated coverage of the big technology stock with a buy rating and a price target of $199, implying upside of nearly 32%. Apple closed up 1.9% on Monday trading.</p><p>There are 1.51 million Apple option contracts traded on Monday. Call options account for 54% of overall option trades. Particularly high volume was seen for the $155 strike call option expiring Mar 10, with 128,131 contracts trading.</p><h2>Most Active Options</h2><p><b>1. Most Active Trading Equities Options:</b></p><p><b>Special %Calls &gt;70%:</b> <a href=\"https://laohu8.com/S/BBBY\">Bed Bath &amp; Beyond</a></p><p><b>Special %Puts &gt;50%:</b> <a href=\"https://laohu8.com/S/NVDA\">NVIDIA Corp</a>, <a href=\"https://laohu8.com/S/SI\">Silvergate Capital</a></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/852dab5446836bf8d607bcf63f5b102f\" tg-width=\"1097\" tg-height=\"732\" referrerpolicy=\"no-referrer\"/><span>Data From CBOE Trader Alert, as of 7 Mar 2023 EDT</span></p><p><b>2. Most Active Trading ETFs Options</b></p><p><b>Special %Calls &gt;70%:</b> <a href=\"https://laohu8.com/S/SQQQ\">SQQQ</a>, <a href=\"https://laohu8.com/S/BOIL\">BOIL</a>, <a href=\"https://laohu8.com/S/UVXY\">UVXY</a></p><p><b>Special %Puts &gt;70%:</b> <a href=\"https://laohu8.com/S/HYG\">HYG</a>, <a href=\"https://laohu8.com/S/ARKK\">ARKK</a></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f4865e37761c49ea7a99010240c2c35d\" tg-width=\"1097\" tg-height=\"730\" referrerpolicy=\"no-referrer\"/><span>Data From CBOE Trader Alert, as of 7 Mar 2023 EDT</span></p><p><b>3. Top 10 Most Active Trading Indexes options</b></p><p><b>Special %Calls &gt;50%:</b> <a href=\"https://laohu8.com/S/VIX\">VIX</a></p><p><b>Special %Puts &gt;70%:</b> <a href=\"https://laohu8.com/S/XSP\">XSP</a>, <a href=\"https://laohu8.com/S/NANOS\">Nanos Standard &amp; Poor&#39;s 500</a> </p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/40c9e8c759a17342bdff19161c050c1b\" tg-width=\"1049\" tg-height=\"508\" referrerpolicy=\"no-referrer\"/><span>Data From CBOE Trader Alert, as of 7 Mar 2023 EDT</span></p><h2>Unusual Options Activity</h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/08a86429dc60009579a32afa2934093a\" tg-width=\"1600\" tg-height=\"328\" referrerpolicy=\"no-referrer\"/><span>Source: Market Chameleon</span></p><p>Snap Inc. shares soared on Monday as lawmaker efforts to ban TikTok appeared to be gaining traction in the US.</p><p>The Snapchat owner rose 9.5% after US Senate Intelligence Committee Chairman Mark Warner told Fox News on Sunday that he plans to introduce a bill this week to allow the US to ban Chinese technology, including the social media service owned by ByteDance Ltd.</p><p>There are 483,671 Snap option contracts traded on Monday. Call options account for 66% of overall option trades. Particularly high volume was seen for the $11.5 strike put option expiring Mar 10, with 32,204 contracts trading.</p><h2>TOP Bullish &amp; Bearish Single Stocks</h2><p>This report shows stocks with the highest volume of bullish and bearish activity by option delta volume, which converts option volume to an equivalent stock volume (bought or sold).</p><p>If we take the total positive option delta volume and subtract the total negative option delta volume, we will get the net imbalance. If the net imbalance is positive, there is more bullish pressure. If the net is negative, there is more bearish pressure.</p><p>Top 10 bullish stocks: KHC, KEY, LVS, XOM, C, GLW, EMR, MSFT, FSLR, WDC</p><p>Top 10 bearish stocks: TSLA, AAPL, META, GOOGL, AMD, AMZN, LUMN, BA, CVS, AAL</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/832cbd5e14b8c17d9b0516791c971ec8\" tg-width=\"805\" tg-height=\"397\" referrerpolicy=\"no-referrer\"/><span>Source: Market Chameleon</span></p><p>If you are interested in options and you want to:</p><ul><li>Share experiences and ideas on options trading.</li></ul><ul><li>Read options-related market updates/insights.</li></ul><ul><li>Learn more about options trading if you are a beginner in this field.</li></ul><p>Please click to join <a href=\"https://t.me/TigerBrokersOptions\" target=\"_blank\">Tiger Options Club</a></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SNAP":"Snap Inc","AAPL":"苹果"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169956890","content_text":"Market OverviewThe S&P 500 closed barely higher on Monday(Mar 6), giving up most of its earlier gains as investors were cautious ahead of this week's testimony from Federal Reserve Chair Jerome Powell and the closely watched U.S. jobs report.Regarding the options market, a total volume of 33,162,353 contracts was traded on Monday, down 22% from the previous trading day.Top 10 Option VolumesTop 10: SPY, QQQ, AAPL, TSLA, IWM, NVDA, VIX, AMZN, HYG, AMCOptions related to equity index ETFs are popular with investors, with 8.34 millionSPDR S&P500 ETF Trust (SPY) and 2.93 millionInvest QQQ Trust ETF (QQQ) options contracts trading on Monday.Total trading volume for SPY decreased by 11%, from the previous day. 57% of SPY trades bet on bearish options.Source: Tiger Trade APPGoldman Sachs says Apple can rally more than 30% thanks to its services business. Analyst Michael Ng initiated coverage of the big technology stock with a buy rating and a price target of $199, implying upside of nearly 32%. Apple closed up 1.9% on Monday trading.There are 1.51 million Apple option contracts traded on Monday. Call options account for 54% of overall option trades. Particularly high volume was seen for the $155 strike call option expiring Mar 10, with 128,131 contracts trading.Most Active Options1. Most Active Trading Equities Options:Special %Calls >70%: Bed Bath & BeyondSpecial %Puts >50%: NVIDIA Corp, Silvergate CapitalData From CBOE Trader Alert, as of 7 Mar 2023 EDT2. Most Active Trading ETFs OptionsSpecial %Calls >70%: SQQQ, BOIL, UVXYSpecial %Puts >70%: HYG, ARKKData From CBOE Trader Alert, as of 7 Mar 2023 EDT3. Top 10 Most Active Trading Indexes optionsSpecial %Calls >50%: VIXSpecial %Puts >70%: XSP, Nanos Standard & Poor's 500 Data From CBOE Trader Alert, as of 7 Mar 2023 EDTUnusual Options ActivitySource: Market ChameleonSnap Inc. shares soared on Monday as lawmaker efforts to ban TikTok appeared to be gaining traction in the US.The Snapchat owner rose 9.5% after US Senate Intelligence Committee Chairman Mark Warner told Fox News on Sunday that he plans to introduce a bill this week to allow the US to ban Chinese technology, including the social media service owned by ByteDance Ltd.There are 483,671 Snap option contracts traded on Monday. Call options account for 66% of overall option trades. Particularly high volume was seen for the $11.5 strike put option expiring Mar 10, with 32,204 contracts trading.TOP Bullish & Bearish Single StocksThis report shows stocks with the highest volume of bullish and bearish activity by option delta volume, which converts option volume to an equivalent stock volume (bought or sold).If we take the total positive option delta volume and subtract the total negative option delta volume, we will get the net imbalance. If the net imbalance is positive, there is more bullish pressure. If the net is negative, there is more bearish pressure.Top 10 bullish stocks: KHC, KEY, LVS, XOM, C, GLW, EMR, MSFT, FSLR, WDCTop 10 bearish stocks: TSLA, AAPL, META, GOOGL, AMD, AMZN, LUMN, BA, CVS, AALSource: Market ChameleonIf you are interested in options and you want to:Share experiences and ideas on options trading.Read options-related market updates/insights.Learn more about options trading if you are a beginner in this field.Please click to join Tiger Options Club","news_type":1},"isVote":1,"tweetType":1,"viewCount":228,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9940783939,"gmtCreate":1678176908621,"gmtModify":1678176912344,"author":{"id":"4133623950260892","authorId":"4133623950260892","name":"Aidukas","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4133623950260892","authorIdStr":"4133623950260892"},"themes":[],"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9940783939","repostId":"2317175781","repostType":4,"repost":{"id":"2317175781","kind":"highlight","pubTimestamp":1678176005,"share":"https://ttm.financial/m/news/2317175781?lang=&edition=fundamental","pubTime":"2023-03-07 16:00","market":"other","language":"en","title":"2 Cryptocurrencies Down More Than 50% I Just Can't Stop Buying","url":"https://stock-news.laohu8.com/highlight/detail?id=2317175781","media":"Motley Fool","summary":"Crypto is off to a hot start in 2023, but two in particular look to be the most undervalued based on their long-term potential.","content":"<html><head></head><body><p>Since the arrival of 2023, the crypto market has experienced a more-than-refreshing and much-needed resurgence in prices. Year to date, the collective market cap of all cryptocurrencies has grown by more than 40% and has once again reclaimed the $1 trillion mark.</p><p>But despite this rally, the majority of cryptocurrencies are still significantly down from their previous all-time highs.</p><p>With a sense of renewed hope and a feeling that the worst might have passed, here are two cryptocurrencies that I find myself unable to stop buying -- and that I think investors should prioritize should a bull market return.</p><h2>The undisputed champ</h2><p>We can&#39;t talk about crypto without mentioning the world&#39;s first and most valuable cryptocurrency: <b>Bitcoin</b>. Despite thousands of cryptocurrencies being created since its launch in 2009, Bitcoin remains at the top of the asset class. As of today, it still makes up more than 40% of all the value in crypto, a sign that Bitcoin is still the crypto of choice for investors.</p><p>Due to this overwhelming majority of value, many other cryptocurrencies&#39; prices are correlated to Bitcoin. Typically, as Bitcoin goes, so does the rest of the market.</p><p>Fortunately, there is reason to believe that Bitcoin could be ready for another leg up and will likely lead the return of a bull market. When evaluating Bitcoin&#39;s price in the past, there seems to be a unique phenomenon that occurs when Bitcoin&#39;s next halving is around a year and a half away.</p><p>Halvings are a mechanism hardwired into Bitcoin&#39;s code that lowers the rate at which new coins enter circulation. Roughly every four years or 210,000 blocks added to the blockchain, the number of Bitcoins awarded to miners is cut in half. In Bitcoin&#39;s earliest days, the reward was 50 Bitcoins, but that has dwindled to just 6.25 today, as multiple halvings have since passed.</p><p>The next halving is scheduled for sometime in May 2024, meaning that we are a little less than a year and a half away from this highly influential event. Based on past data, it seems that Bitcoin&#39;s price bottoms out near this point in the halving cycle. From here, downside risk is typically at its lowest while the potential for profit is at its highest.</p><p>Should Bitcoin behave like it has in the past remains to be seen, as only time will tell. But we can project with a high degree of confidence that this cycle is playing just like years past. If that is the case, Bitcoin is in unique territory that only comes once every four years and could be a great time for investors to buy, as the likelihood that the worst might have passed looks to be more true by the day.</p><h2>The next-best option</h2><p>The world&#39;s second-most valuable cryptocurrency has had its own fair share of success since its creation in 2015. In the last eight years, <b>Ethereum</b>&#39;s rise has paved the way for entire new lucrative and burgeoning sectors of cryptocurrency like decentralized finance (DeFi).</p><p>Unlike Bitcoin, which is resistant to major changes, Ethereum has a host of developers working on fine-tuning its code and even implementing new features.</p><p>One of these new features came in the form of an upgrade known as the London hard fork. This upgrade introduced a new mechanism that would &#34;burn&#34; or permanently remove ether from circulation, effectively turning Ethereum into a deflationary asset.</p><p>Before the London hard fork, Ethereum had an inflation rate of more than 3.5%. But since the implementation of the upgrade, the rate at which new ether enters circulation is actually negative. The number fluctuates based on demand, but as of today, Ethereum boasts a -0.074% deflation rate, meaning the total supply of ether is being reduced.</p><p>It took a while to materialize due to the necessary implementation of The Merge (another Ethereum upgrade launched in September 2022), but with added deflationary pressure, Ethereum&#39;s price will likely benefit, as it is now truly subject to the dynamics of a limited supply and increased demand. If a bull market does return and demand for Ethereum picks up, those looking to buy will likely drive up its price as the total supply of ether decreases.</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 Cryptocurrencies Down More Than 50% I Just Can't Stop Buying</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 Cryptocurrencies Down More Than 50% I Just Can't Stop Buying\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-07 16:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2023/03/06/2-cryptocurrencies-down-more-than-50-i-just-cant-s/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Since the arrival of 2023, the crypto market has experienced a more-than-refreshing and much-needed resurgence in prices. Year to date, the collective market cap of all cryptocurrencies has grown by ...</p>\n\n<a href=\"https://www.fool.com/investing/2023/03/06/2-cryptocurrencies-down-more-than-50-i-just-cant-s/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BTC":"Grayscale Bitcoin Mini Trust"},"source_url":"https://www.fool.com/investing/2023/03/06/2-cryptocurrencies-down-more-than-50-i-just-cant-s/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2317175781","content_text":"Since the arrival of 2023, the crypto market has experienced a more-than-refreshing and much-needed resurgence in prices. Year to date, the collective market cap of all cryptocurrencies has grown by more than 40% and has once again reclaimed the $1 trillion mark.But despite this rally, the majority of cryptocurrencies are still significantly down from their previous all-time highs.With a sense of renewed hope and a feeling that the worst might have passed, here are two cryptocurrencies that I find myself unable to stop buying -- and that I think investors should prioritize should a bull market return.The undisputed champWe can't talk about crypto without mentioning the world's first and most valuable cryptocurrency: Bitcoin. Despite thousands of cryptocurrencies being created since its launch in 2009, Bitcoin remains at the top of the asset class. As of today, it still makes up more than 40% of all the value in crypto, a sign that Bitcoin is still the crypto of choice for investors.Due to this overwhelming majority of value, many other cryptocurrencies' prices are correlated to Bitcoin. Typically, as Bitcoin goes, so does the rest of the market.Fortunately, there is reason to believe that Bitcoin could be ready for another leg up and will likely lead the return of a bull market. When evaluating Bitcoin's price in the past, there seems to be a unique phenomenon that occurs when Bitcoin's next halving is around a year and a half away.Halvings are a mechanism hardwired into Bitcoin's code that lowers the rate at which new coins enter circulation. Roughly every four years or 210,000 blocks added to the blockchain, the number of Bitcoins awarded to miners is cut in half. In Bitcoin's earliest days, the reward was 50 Bitcoins, but that has dwindled to just 6.25 today, as multiple halvings have since passed.The next halving is scheduled for sometime in May 2024, meaning that we are a little less than a year and a half away from this highly influential event. Based on past data, it seems that Bitcoin's price bottoms out near this point in the halving cycle. From here, downside risk is typically at its lowest while the potential for profit is at its highest.Should Bitcoin behave like it has in the past remains to be seen, as only time will tell. But we can project with a high degree of confidence that this cycle is playing just like years past. If that is the case, Bitcoin is in unique territory that only comes once every four years and could be a great time for investors to buy, as the likelihood that the worst might have passed looks to be more true by the day.The next-best optionThe world's second-most valuable cryptocurrency has had its own fair share of success since its creation in 2015. In the last eight years, Ethereum's rise has paved the way for entire new lucrative and burgeoning sectors of cryptocurrency like decentralized finance (DeFi).Unlike Bitcoin, which is resistant to major changes, Ethereum has a host of developers working on fine-tuning its code and even implementing new features.One of these new features came in the form of an upgrade known as the London hard fork. This upgrade introduced a new mechanism that would \"burn\" or permanently remove ether from circulation, effectively turning Ethereum into a deflationary asset.Before the London hard fork, Ethereum had an inflation rate of more than 3.5%. But since the implementation of the upgrade, the rate at which new ether enters circulation is actually negative. The number fluctuates based on demand, but as of today, Ethereum boasts a -0.074% deflation rate, meaning the total supply of ether is being reduced.It took a while to materialize due to the necessary implementation of The Merge (another Ethereum upgrade launched in September 2022), but with added deflationary pressure, Ethereum's price will likely benefit, as it is now truly subject to the dynamics of a limited supply and increased demand. If a bull market does return and demand for Ethereum picks up, those looking to buy will likely drive up its price as the total supply of ether decreases.","news_type":1},"isVote":1,"tweetType":1,"viewCount":129,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9955488532,"gmtCreate":1675673542626,"gmtModify":1675673546202,"author":{"id":"4133623950260892","authorId":"4133623950260892","name":"Aidukas","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4133623950260892","authorIdStr":"4133623950260892"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":25,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9955488532","repostId":"2308854213","repostType":4,"repost":{"id":"2308854213","kind":"highlight","pubTimestamp":1675697292,"share":"https://ttm.financial/m/news/2308854213?lang=&edition=fundamental","pubTime":"2023-02-06 23:28","market":"us","language":"en","title":"2 AI-Powered Growth Stocks to Buy Right Now","url":"https://stock-news.laohu8.com/highlight/detail?id=2308854213","media":"Motley Fool","summary":"Artificial intelligence will shape the world's future; your portfolio should have some exposure to reflect that.","content":"<html><head></head><body><p>Artificial intelligence (AI) is a fascinating technology whose potential hasn&#39;t been fully discovered. <a href=\"https://laohu8.com/S/RDR.SI\">Incredible</a> programs like ChatGPT have already passed the bar and U.S. medical licensing exam, but other, more practical uses of AI are already available for businesses to utilize.</p><p>Two companies that utilize AI at the core of their software are <b>CrowdStrike</b> and <b>Palantir</b>. Each stock has a huge runway, and investors should consider these two stocks to fill out the AI investment niche in their portfolio. Read on to find out why.</p><h2>1. CrowdStrike</h2><p>CrowdStrike utilizes AI to improve its cybersecurity software continuously. By analyzing trillions of signals weekly, CrowdStrike harnesses AI&#39;s power in a machine learning model to determine what activity is normal, an anomaly, or a threat. When one customer is attacked, it uses that information to improve the protection of all CrowdStrike clients, preventing an attacker from exploiting the same weakness twice.</p><p>The solution is prevalent, with 21,146 clients as of Oct. 31, 2022, up 44% over last year&#39;s total. Among its customers are 40 U.S. state governments, 69 of the Fortune 500, and 15 of the top 20 U.S. banks. That&#39;s an impressive client list, but CrowdStrike&#39;s future growth depends on those customers expanding their usage.</p><p>CrowdStrike has over 20 modules that expand the base offering and empower security teams to both improve the platform and gain greater visibility into the threats a client faces. The more modules the average customer uses, the more revenue CrowdStrike brings in, and it has been quite successful in upselling its product to its customers.</p><table border=\"1\"><tbody><tr><th>Number of Modules Utilized</th><th>Percent of Customer Base</th><th>YOY Increase</th></tr><tr><td>5 or More</td><td>60%</td><td>55%</td></tr><tr><td>6 or More</td><td>36%</td><td>66%</td></tr><tr><td>7 or More</td><td>21%</td><td>81%</td></tr></tbody></table><p>Source: CrowdStrike.</p><p>New customers and existing client expansion helped increase CrowdStrike&#39;s annual recurring revenue by 54% to $2.34 billion in the third quarter of fiscal year 2023 (ended Oct. 31). It&#39;s also a free cash flow (FCF)-generating machine, converting 30% of Q3 revenue into FCF of $174 million.</p><p>For the growth CrowdStrike is generating, its current price tag of 43 times FCF is a bargain -- that&#39;s only a 35% premium to <b>Microsoft </b>despite growing at a much faster pace. CrowdStrike is just in the early innings of its product deployment and is one of the best ways to invest in AI.</p><h2>2. Palantir</h2><p>Palantir utilizes AI in its software to crunch data and provide actionable insights. At first, its technology was developed for government use and reportedly helped the U.S. government pinpoint the final hideout of Osama bin Laden. Now, Palantir is rolling out its software for civilian use and is on a mission to help streamline a company&#39;s operations.</p><p>As a testament to Palantir&#39;s usefulness, <b>Tyson Foods</b> realized about $200 million in cost savings across 20 different projects, and <b>Swiss Re </b>claimed Palantir&#39;s first $100 million or greater savings. As for new customers, <b>Cloudflare </b>recently signed a strategic partnership with Palantir to improve the costs associated with Cloudflare&#39;s cloud infrastructure offering.</p><p>With only 228 commercial customers as of Sept. 30, investors might wonder why so few companies are using it. The answer lies in the cost -- a one-month subscription on the <b>Amazon</b> Web Services (AWS) store is $1 million <i>per month</i>. Because of its price tag, Palantir limits which customers can feasibly use its product to only the largest companies. However, that&#39;s still a sizable client base.</p><p>It&#39;s also growing rapidly, with revenue up 22% year over year to $478 million. But U.S. commercial revenue (a key business focus) was up 53% in Q3. Unlike CrowdStrike, Palantir has a ways to go in its profitability department. FCF was $32.6 million for Q3 -- a 6.8% margin.</p><p>Actual profits are even further off, with Palantir losing $124 million -- a 26% profit loss margin. Much of this loss is due to a high stock-based compensation bill of $140 million, although this was drastically down from 2021&#39;s Q3 value of $185 million. If investors take a position in Palantir, they will need to watch this trend to ensure it continues moving in the right direction, as Palantir has a lot of work to do before breaking even.</p><p>With Palantir&#39;s current price-to-sales (P/S) ratio, it&#39;s pretty clear the market is skeptical about any profits.</p><p><img src=\"https://static.tigerbbs.com/257d628ad70f9f2c10e969c2cfeab4dd\" tg-width=\"720\" tg-height=\"433\" referrerpolicy=\"no-referrer\"/></p><p>PLTR PS Ratio data by YCharts.</p><p>At its current valuation, Palantir is worth taking a shot at, especially considering its powerful AI software. However, you&#39;ll have to be patient because it may take a while for profits to come to fruition.</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 AI-Powered Growth Stocks to Buy Right Now</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n2 AI-Powered Growth Stocks to Buy Right Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-02-06 23:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2023/02/03/2-artificial-intelligence-powered-growth-stocks-to/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Artificial intelligence (AI) is a fascinating technology whose potential hasn't been fully discovered. Incredible programs like ChatGPT have already passed the bar and U.S. medical licensing exam, but...</p>\n\n<a href=\"https://www.fool.com/investing/2023/02/03/2-artificial-intelligence-powered-growth-stocks-to/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CRWD":"CrowdStrike Holdings, Inc.","PLTR":"Palantir Technologies Inc."},"source_url":"https://www.fool.com/investing/2023/02/03/2-artificial-intelligence-powered-growth-stocks-to/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2308854213","content_text":"Artificial intelligence (AI) is a fascinating technology whose potential hasn't been fully discovered. Incredible programs like ChatGPT have already passed the bar and U.S. medical licensing exam, but other, more practical uses of AI are already available for businesses to utilize.Two companies that utilize AI at the core of their software are CrowdStrike and Palantir. Each stock has a huge runway, and investors should consider these two stocks to fill out the AI investment niche in their portfolio. Read on to find out why.1. CrowdStrikeCrowdStrike utilizes AI to improve its cybersecurity software continuously. By analyzing trillions of signals weekly, CrowdStrike harnesses AI's power in a machine learning model to determine what activity is normal, an anomaly, or a threat. When one customer is attacked, it uses that information to improve the protection of all CrowdStrike clients, preventing an attacker from exploiting the same weakness twice.The solution is prevalent, with 21,146 clients as of Oct. 31, 2022, up 44% over last year's total. Among its customers are 40 U.S. state governments, 69 of the Fortune 500, and 15 of the top 20 U.S. banks. That's an impressive client list, but CrowdStrike's future growth depends on those customers expanding their usage.CrowdStrike has over 20 modules that expand the base offering and empower security teams to both improve the platform and gain greater visibility into the threats a client faces. The more modules the average customer uses, the more revenue CrowdStrike brings in, and it has been quite successful in upselling its product to its customers.Number of Modules UtilizedPercent of Customer BaseYOY Increase5 or More60%55%6 or More36%66%7 or More21%81%Source: CrowdStrike.New customers and existing client expansion helped increase CrowdStrike's annual recurring revenue by 54% to $2.34 billion in the third quarter of fiscal year 2023 (ended Oct. 31). It's also a free cash flow (FCF)-generating machine, converting 30% of Q3 revenue into FCF of $174 million.For the growth CrowdStrike is generating, its current price tag of 43 times FCF is a bargain -- that's only a 35% premium to Microsoft despite growing at a much faster pace. CrowdStrike is just in the early innings of its product deployment and is one of the best ways to invest in AI.2. PalantirPalantir utilizes AI in its software to crunch data and provide actionable insights. At first, its technology was developed for government use and reportedly helped the U.S. government pinpoint the final hideout of Osama bin Laden. Now, Palantir is rolling out its software for civilian use and is on a mission to help streamline a company's operations.As a testament to Palantir's usefulness, Tyson Foods realized about $200 million in cost savings across 20 different projects, and Swiss Re claimed Palantir's first $100 million or greater savings. As for new customers, Cloudflare recently signed a strategic partnership with Palantir to improve the costs associated with Cloudflare's cloud infrastructure offering.With only 228 commercial customers as of Sept. 30, investors might wonder why so few companies are using it. The answer lies in the cost -- a one-month subscription on the Amazon Web Services (AWS) store is $1 million per month. Because of its price tag, Palantir limits which customers can feasibly use its product to only the largest companies. However, that's still a sizable client base.It's also growing rapidly, with revenue up 22% year over year to $478 million. But U.S. commercial revenue (a key business focus) was up 53% in Q3. Unlike CrowdStrike, Palantir has a ways to go in its profitability department. FCF was $32.6 million for Q3 -- a 6.8% margin.Actual profits are even further off, with Palantir losing $124 million -- a 26% profit loss margin. Much of this loss is due to a high stock-based compensation bill of $140 million, although this was drastically down from 2021's Q3 value of $185 million. If investors take a position in Palantir, they will need to watch this trend to ensure it continues moving in the right direction, as Palantir has a lot of work to do before breaking even.With Palantir's current price-to-sales (P/S) ratio, it's pretty clear the market is skeptical about any profits.PLTR PS Ratio data by YCharts.At its current valuation, Palantir is worth taking a shot at, especially considering its powerful AI software. However, you'll have to be patient because it may take a while for profits to come to fruition.","news_type":1},"isVote":1,"tweetType":1,"viewCount":2,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9957090894,"gmtCreate":1676705398719,"gmtModify":1676705402806,"author":{"id":"4133623950260892","authorId":"4133623950260892","name":"Aidukas","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4133623950260892","authorIdStr":"4133623950260892"},"themes":[],"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":23,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9957090894","repostId":"1100725481","repostType":4,"repost":{"id":"1100725481","kind":"news","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":1676779312,"share":"https://ttm.financial/m/news/1100725481?lang=&edition=fundamental","pubTime":"2023-02-19 12:01","market":"us","language":"en","title":"Reminder: U.S. Market Will Be Closed for Washington's Birthday on Monday, Feb. 20, 2023","url":"https://stock-news.laohu8.com/highlight/detail?id=1100725481","media":"Tiger Newspress","summary":"Washington's Birthday (Presidents Day) is around the corner. The U.S. market will be closed on Monda","content":"<html><head></head><body><p>Washington&#39;s Birthday (Presidents Day) is around the corner. The U.S. market will be closed on Monday, February 20, 2023. Please take note of the trading arrangements during the holiday period and make the necessary preparations in advance.</p><p><b>About Presidents&#39; Day</b></p><p><b>Presidents&#39; Day</b>, also called <b>Washington&#39;s Birthday</b> at the federal governmental level, is a holiday in the United States celebrated on the third Monday of February to honor all people who served as presidents of the United States and, since 1879, has been the federal holiday honoring George Washington, who led the Continental Army to victory in the American Revolutionary War, presided at the Constitutional Convention of 1787, and was the first U.S. president.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9f9465ca4610b5c38f13638edda32b36\" tg-width=\"1024\" tg-height=\"576\" referrerpolicy=\"no-referrer\"/><span>George Washington with Flag</span></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>Reminder: U.S. Market Will Be Closed for Washington's Birthday on Monday, Feb. 20, 2023</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\">\nReminder: U.S. Market Will Be Closed for Washington's Birthday on Monday, Feb. 20, 2023\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\">2023-02-19 12:01</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Washington&#39;s Birthday (Presidents Day) is around the corner. The U.S. market will be closed on Monday, February 20, 2023. Please take note of the trading arrangements during the holiday period and make the necessary preparations in advance.</p><p><b>About Presidents&#39; Day</b></p><p><b>Presidents&#39; Day</b>, also called <b>Washington&#39;s Birthday</b> at the federal governmental level, is a holiday in the United States celebrated on the third Monday of February to honor all people who served as presidents of the United States and, since 1879, has been the federal holiday honoring George Washington, who led the Continental Army to victory in the American Revolutionary War, presided at the Constitutional Convention of 1787, and was the first U.S. president.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9f9465ca4610b5c38f13638edda32b36\" tg-width=\"1024\" tg-height=\"576\" referrerpolicy=\"no-referrer\"/><span>George Washington with Flag</span></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100725481","content_text":"Washington's Birthday (Presidents Day) is around the corner. The U.S. market will be closed on Monday, February 20, 2023. Please take note of the trading arrangements during the holiday period and make the necessary preparations in advance.About Presidents' DayPresidents' Day, also called Washington's Birthday at the federal governmental level, is a holiday in the United States celebrated on the third Monday of February to honor all people who served as presidents of the United States and, since 1879, has been the federal holiday honoring George Washington, who led the Continental Army to victory in the American Revolutionary War, presided at the Constitutional Convention of 1787, and was the first U.S. president.George Washington with Flag","news_type":1},"isVote":1,"tweetType":1,"viewCount":32,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":206402351644776,"gmtCreate":1691400722071,"gmtModify":1691400725173,"author":{"id":"4133623950260892","authorId":"4133623950260892","name":"Aidukas","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4133623950260892","authorIdStr":"4133623950260892"},"themes":[],"htmlText":"Thieves","listText":"Thieves","text":"Thieves","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/206402351644776","repostId":"2357463377","repostType":2,"repost":{"id":"2357463377","kind":"highlight","pubTimestamp":1691171415,"share":"https://ttm.financial/m/news/2357463377?lang=&edition=fundamental","pubTime":"2023-08-05 01:50","market":"us","language":"en","title":"Bionano Genomics announces reverse stock split","url":"https://stock-news.laohu8.com/highlight/detail?id=2357463377","media":"seekingalpha","summary":"Bionano Genomics  has effected a reverse stock split of its issued and outstanding common stock, at a ratio of 1-for-10, effective after the market close on August 4, 2023.The Company’s common stock will begin trading on a split-adjusted basis commencing upon market open onAugust 7, 2023. BNGO is -11.6%  to $0.5201","content":"<html><body><ul> <li><a href=\"https://laohu8.com/S/BNGO\">Bionano Genomics</a> (<span>NASDAQ:BNGO</span>) has effected a reverse stock split of its issued and outstanding common stock, at a ratio of 1-for-10, effective after the market close on August 4, 2023.</li>\n<li>The Company’s common stock will begin trading on a split-adjusted basis commencing upon market open on August 7, 2023.</li> <li>BNGO is <font color=\"red\">-11.6%</font>  to $0.5201</li>\n<li>Source: Press Release\n</li> </ul>\n<div> </div></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>Bionano Genomics announces reverse stock split</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\">\nBionano Genomics announces reverse stock split\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-08-05 01:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3997737-bionano-genomics-announces-reverse-stock-split><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bionano Genomics (NASDAQ:BNGO) has effected a reverse stock split of its issued and outstanding common stock, at a ratio of 1-for-10, effective after the market close on August 4, 2023.\nThe Company’s ...</p>\n\n<a href=\"https://seekingalpha.com/news/3997737-bionano-genomics-announces-reverse-stock-split\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","BK4121":"生命科学工具和服务","SQQQ":"纳指三倍做空ETF","QQQ":"纳指100ETF","BNGO":"Bionano Genomics","BK4575":"芯片概念","QLD":"纳指两倍做多ETF","TQQQ":"纳指三倍做多ETF","PSQ":"纳指反向ETF","QID":"纳指两倍做空ETF"},"source_url":"https://seekingalpha.com/news/3997737-bionano-genomics-announces-reverse-stock-split","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2357463377","content_text":"Bionano Genomics (NASDAQ:BNGO) has effected a reverse stock split of its issued and outstanding common stock, at a ratio of 1-for-10, effective after the market close on August 4, 2023.\nThe Company’s common stock will begin trading on a split-adjusted basis commencing upon market open on August 7, 2023. BNGO is -11.6%  to $0.5201\nSource: Press Release","news_type":1},"isVote":1,"tweetType":1,"viewCount":423,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":202109998841904,"gmtCreate":1690349849449,"gmtModify":1690349852467,"author":{"id":"4133623950260892","authorId":"4133623950260892","name":"Aidukas","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4133623950260892","authorIdStr":"4133623950260892"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/202109998841904","repostId":"2354337617","repostType":2,"repost":{"id":"2354337617","kind":"highlight","pubTimestamp":1690349108,"share":"https://ttm.financial/m/news/2354337617?lang=&edition=fundamental","pubTime":"2023-07-26 13:25","market":"fut","language":"en","title":"New Buy Rating for Alphabet Class A (GOOGL), the Technology Giant","url":"https://stock-news.laohu8.com/highlight/detail?id=2354337617","media":"TIPRANKS","summary":"In a report released today, Andrew Boone from JMP Securities maintained a Buy rating on Alphabet Class A (GOOGL – Research Report), with a price ta...","content":"<div>\n<p>In a report released today, Andrew Boone from JMP Securities maintained a Buy rating on Alphabet Class A (GOOGL – Research Report), with a price ta...</p>\n\n<a href=\"https://www.tipranks.com/news/blurbs/new-buy-rating-for-alphabet-class-a-googl-the-technology-giant-20?utm_source=itigerup.com&utm_medium=referral\">Web Link</a>\n\n</div>\n","source":"tipranks_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>New Buy Rating for Alphabet Class A (GOOGL), the Technology Giant</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\">\nNew Buy Rating for Alphabet Class A (GOOGL), the Technology Giant\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-07-26 13:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.tipranks.com/news/blurbs/new-buy-rating-for-alphabet-class-a-googl-the-technology-giant-20?utm_source=itigerup.com&utm_medium=referral><strong>TIPRANKS</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>In a report released today, Andrew Boone from JMP Securities maintained a Buy rating on Alphabet Class A (GOOGL – Research Report), with a price ta...</p>\n\n<a href=\"https://www.tipranks.com/news/blurbs/new-buy-rating-for-alphabet-class-a-googl-the-technology-giant-20?utm_source=itigerup.com&utm_medium=referral\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4576":"AR","LU0528227936.USD":"富达环球人口趋势基金A-ACC","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","BK4533":"AQR资本管理(全球第二大对冲基金)","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","BK4566":"资本集团","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","LU0211328371.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (MDIS) (USD)   INC","LU0456855351.SGD":"JPMorgan Funds - Global Equity A (acc) SGD","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","LU0079474960.USD":"联博美国增长基金A","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4538":"云计算","BK4527":"明星科技股","LU0130103400.USD":"Natixis Harris Associates Global Equity RA USD","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","BK4579":"人工智能","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","LU0061474960.USD":"天利环球焦点基金AU Acc","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","LU0234572021.USD":"高盛美国核心股票组合Acc","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU0109392836.USD":"富兰克林科技股A","LU1804176565.USD":"EASTSPRING INV GLOBAL GROWTH EQUITY \"A\" (USD) 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Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU2237443382.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA USD","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","LU0029864427.USD":"TEMPLETON GLOBAL \"A\" (USD) INC"},"source_url":"https://www.tipranks.com/news/blurbs/new-buy-rating-for-alphabet-class-a-googl-the-technology-giant-20?utm_source=itigerup.com&utm_medium=referral","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2354337617","content_text":"In a report released today, Andrew Boone from JMP Securities maintained a Buy rating on Alphabet Class A (GOOGL – Research Report), with a price ta...","news_type":1},"isVote":1,"tweetType":1,"viewCount":375,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9970060341,"gmtCreate":1683723421384,"gmtModify":1683723424832,"author":{"id":"4133623950260892","authorId":"4133623950260892","name":"Aidukas","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4133623950260892","authorIdStr":"4133623950260892"},"themes":[],"htmlText":"Thieves","listText":"Thieves","text":"Thieves","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970060341","repostId":"2334220259","repostType":2,"repost":{"id":"2334220259","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1683652091,"share":"https://ttm.financial/m/news/2334220259?lang=&edition=fundamental","pubTime":"2023-05-10 01:08","market":"us","language":"en","title":"BRIEF-Tonix Pharmaceuticals Announces 1-For-6.25 Reverse Stock Split","url":"https://stock-news.laohu8.com/highlight/detail?id=2334220259","media":"Reuters","summary":"May 9 (Reuters) - Tonix Pharmaceuticals Holding Corp:   * TONIX PHARMACEUTICALS ANNOUNCES 1-FOR-6.25","content":"<html><body><p>May 9 (Reuters) - Tonix Pharmaceuticals Holding Corp:</p><p>   * TONIX PHARMACEUTICALS ANNOUNCES 1-FOR-6.25 REVERSE STOCK SPLIT</p><p>   * TONIX PHARMACEUTICALS HOLDING CORP - REVERSE STOCK SPLIT WILL BE EFFECTIVE FOR TRADING PURPOSES AS OF COMMENCEMENT OF TRADING ON MAY 10, 2023</p><p>Further company coverage:   </p><p> ((Reuters.Briefs@thomsonreuters.com;))</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>BRIEF-Tonix Pharmaceuticals Announces 1-For-6.25 Reverse Stock Split</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{ 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#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\">\nBRIEF-Tonix Pharmaceuticals Announces 1-For-6.25 Reverse Stock Split\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2023-05-10 01:08</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>May 9 (Reuters) - Tonix Pharmaceuticals Holding Corp:</p><p>   * TONIX PHARMACEUTICALS ANNOUNCES 1-FOR-6.25 REVERSE STOCK SPLIT</p><p>   * TONIX PHARMACEUTICALS HOLDING CORP - REVERSE STOCK SPLIT WILL BE EFFECTIVE FOR TRADING PURPOSES AS OF COMMENCEMENT OF TRADING ON MAY 10, 2023</p><p>Further company coverage:   </p><p> ((Reuters.Briefs@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4583":"猴痘概念","BK4139":"生物科技","TNXP":"Tonix Pharmaceuticals Holding Co"},"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2334220259","content_text":"May 9 (Reuters) - Tonix Pharmaceuticals Holding Corp:   * TONIX PHARMACEUTICALS ANNOUNCES 1-FOR-6.25 REVERSE STOCK SPLIT   * TONIX PHARMACEUTICALS HOLDING CORP - REVERSE STOCK SPLIT WILL BE EFFECTIVE FOR TRADING PURPOSES AS OF COMMENCEMENT OF TRADING ON MAY 10, 2023Further company coverage:    ((Reuters.Briefs@thomsonreuters.com;))","news_type":1},"isVote":1,"tweetType":1,"viewCount":459,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9940160267,"gmtCreate":1677755889460,"gmtModify":1677755893266,"author":{"id":"4133623950260892","authorId":"4133623950260892","name":"Aidukas","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4133623950260892","authorIdStr":"4133623950260892"},"themes":[],"htmlText":"Oke","listText":"Oke","text":"Oke","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":20,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9940160267","repostId":"2316618792","repostType":4,"repost":{"id":"2316618792","kind":"highlight","pubTimestamp":1677771117,"share":"https://ttm.financial/m/news/2316618792?lang=&edition=fundamental","pubTime":"2023-03-02 23:31","market":"us","language":"en","title":"2 Stocks Down 55% and 71% to Buy Right Now","url":"https://stock-news.laohu8.com/highlight/detail?id=2316618792","media":"Motley Fool","summary":"The bear market has created some rock-solid bargains. Here are two you should take advantage of.","content":"<html><head></head><body><p>The stock market got off to a solid start in 2023, with the <b>S&amp;P 500</b> up nearly 4% (after being up as much as 9% early last month).</p><p>Even with the good start, many individual stocks are still deep in bear market territory, and the Federal Reserve continues to telegraph its intention to keep raising interest rates, which seems even likelier after strong January employment and retail sales reports and a hotter-than-expected personal consumption expenditures reading, which is the Fed&#39;s favorite inflation gauge.</p><p>The good news is that the pressure from rising interest rates and the prospects of a recession are making a lot of quality stocks cheap. Two Motley Fool contributors were asked to explain why <b><a href=\"https://laohu8.com/S/MMM\">3M</a></b> and <b><a href=\"https://laohu8.com/S/PRTS\">CarParts</a>.com</b>, which are trading down 55% and 71%, respectively, from recent highs, both look like buys right now.</p><h2>Beyond some short-term legal risks, there is good value in 3M stock</h2><p><b>Parkev Tatevosian</b>: Trading down 55% off its high in 2019, now might be an excellent time for investors to consider 3M stock. The 121-year-old company profitably manufactures a diverse assortment of products that give it a presence across multiple industries and in several countries. While the troubled economy has had some effect on the stock price, much of the reason for its current reasonable valuation lies in concerns about its fiscal exposure to multiple lawsuits it is facing.</p><p>Over decades, 3M has established itself in categories critical to enterprises and consumers. That&#39;s put it in a position to consistently deliver revenue topping $30 billion annually. More impressively, 3M has improved efficiencies in its business to expand its earnings per share from $6.72 in 2013 to $10.18 in 2022. Of course, rising profits allowed management to return capital to shareholders. Over the past decade, 3M&#39;s annual dividend per share has increased from $2.54 to $5.96.</p><p><img src=\"https://static.tigerbbs.com/ef5ff7b16591e445c7c73844ad32d475\" tg-width=\"720\" tg-height=\"433\" referrerpolicy=\"no-referrer\"/></p><p>MMM PE Ratio (Forward) data by YCharts</p><p>Fortunately for investors, 3M stock is trading at a relative discount. Measuring by its forward price-to-earnings ratio of 12.46, 3M stock is selling at a valuation investors don&#39;t often see. Admittedly, the outcome of the litigation is a justifiable reason for the stock&#39;s decreased valuation, but the market may be overreacting to the news. This provides an excellent opportunity for long-term investors to capitalize on the lower price to add this dividend stock to their portfolios.</p><h2>CarParts.com: An under-the-radar e-commerce disruptor</h2><p><b>Jeremy Bowman (CarParts.com): </b>CarParts.com&#39;s revenue soared during the early stages of the pandemic, as the company was at the crossroads of two powerful pandemic tailwinds: e-commerce and auto parts. Consumers looked to online retail as they avoided shopping in stores, and auto parts sales also jumped as consumers took advantage of the extra time on their hands to fix up their vehicles. As a result, CarParts.com, the online auto parts retailer formerly known as U.S. Auto Parts, saw revenue growth nearly double in the fourth quarter of 2020 before decelerating as demand and the pandemic disruption normalized.</p><p>Even as pandemic concerns ease, CarParts.com continues to grow its top line by double-digit percentages, taking market share in the industry, and it&#39;s improving its margins on the bottom line as well. In its third-quarter earnings report, revenue rose 16% year over year to $164.8 million, and gross profit increased 19% to $56.1 million. Its adjusted EBITDA also nearly tripled to $6.3 million.</p><p>CarParts.com grew its business by adding new warehouses around the country so it can serve most of its customers with two-day delivery. It&#39;s also innovating with a new Do-It-For-Me service where the company is partnering with mechanics around the country who will seamlessly service customers who bring in CarParts.com parts, allowing them to save money as CarParts.com private-labels most of its merchandise, allowing it to undercut competitors on price.</p><p>Additionally, the company should benefit from the current economic environment, as high interest rates are making new cars more expensive, encouraging car owners to repair their current vehicles rather than replace them. The auto parts sector also tends to do well in recessionary climates.</p><p>Finally, the stock trades at a price-to-sales ratio of 0.6 and just 13 times adjusted EBITDA, making it cheap for a stock with its growth potential.</p><p>If the company can continue growing the top and bottom lines, CarParts.com should be a winner from here.</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 Down 55% and 71% to Buy Right Now</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n2 Stocks Down 55% and 71% to Buy Right Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-02 23:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2023/03/01/stocks-down-to-buy-right-now-3m-carparts/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The stock market got off to a solid start in 2023, with the S&P 500 up nearly 4% (after being up as much as 9% early last month).Even with the good start, many individual stocks are still deep in bear...</p>\n\n<a href=\"https://www.fool.com/investing/2023/03/01/stocks-down-to-buy-right-now-3m-carparts/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MMM":"3M","PRTS":"CarParts"},"source_url":"https://www.fool.com/investing/2023/03/01/stocks-down-to-buy-right-now-3m-carparts/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2316618792","content_text":"The stock market got off to a solid start in 2023, with the S&P 500 up nearly 4% (after being up as much as 9% early last month).Even with the good start, many individual stocks are still deep in bear market territory, and the Federal Reserve continues to telegraph its intention to keep raising interest rates, which seems even likelier after strong January employment and retail sales reports and a hotter-than-expected personal consumption expenditures reading, which is the Fed's favorite inflation gauge.The good news is that the pressure from rising interest rates and the prospects of a recession are making a lot of quality stocks cheap. Two Motley Fool contributors were asked to explain why 3M and CarParts.com, which are trading down 55% and 71%, respectively, from recent highs, both look like buys right now.Beyond some short-term legal risks, there is good value in 3M stockParkev Tatevosian: Trading down 55% off its high in 2019, now might be an excellent time for investors to consider 3M stock. The 121-year-old company profitably manufactures a diverse assortment of products that give it a presence across multiple industries and in several countries. While the troubled economy has had some effect on the stock price, much of the reason for its current reasonable valuation lies in concerns about its fiscal exposure to multiple lawsuits it is facing.Over decades, 3M has established itself in categories critical to enterprises and consumers. That's put it in a position to consistently deliver revenue topping $30 billion annually. More impressively, 3M has improved efficiencies in its business to expand its earnings per share from $6.72 in 2013 to $10.18 in 2022. Of course, rising profits allowed management to return capital to shareholders. Over the past decade, 3M's annual dividend per share has increased from $2.54 to $5.96.MMM PE Ratio (Forward) data by YChartsFortunately for investors, 3M stock is trading at a relative discount. Measuring by its forward price-to-earnings ratio of 12.46, 3M stock is selling at a valuation investors don't often see. Admittedly, the outcome of the litigation is a justifiable reason for the stock's decreased valuation, but the market may be overreacting to the news. This provides an excellent opportunity for long-term investors to capitalize on the lower price to add this dividend stock to their portfolios.CarParts.com: An under-the-radar e-commerce disruptorJeremy Bowman (CarParts.com): CarParts.com's revenue soared during the early stages of the pandemic, as the company was at the crossroads of two powerful pandemic tailwinds: e-commerce and auto parts. Consumers looked to online retail as they avoided shopping in stores, and auto parts sales also jumped as consumers took advantage of the extra time on their hands to fix up their vehicles. As a result, CarParts.com, the online auto parts retailer formerly known as U.S. Auto Parts, saw revenue growth nearly double in the fourth quarter of 2020 before decelerating as demand and the pandemic disruption normalized.Even as pandemic concerns ease, CarParts.com continues to grow its top line by double-digit percentages, taking market share in the industry, and it's improving its margins on the bottom line as well. In its third-quarter earnings report, revenue rose 16% year over year to $164.8 million, and gross profit increased 19% to $56.1 million. Its adjusted EBITDA also nearly tripled to $6.3 million.CarParts.com grew its business by adding new warehouses around the country so it can serve most of its customers with two-day delivery. It's also innovating with a new Do-It-For-Me service where the company is partnering with mechanics around the country who will seamlessly service customers who bring in CarParts.com parts, allowing them to save money as CarParts.com private-labels most of its merchandise, allowing it to undercut competitors on price.Additionally, the company should benefit from the current economic environment, as high interest rates are making new cars more expensive, encouraging car owners to repair their current vehicles rather than replace them. The auto parts sector also tends to do well in recessionary climates.Finally, the stock trades at a price-to-sales ratio of 0.6 and just 13 times adjusted EBITDA, making it cheap for a stock with its growth potential.If the company can continue growing the top and bottom lines, CarParts.com should be a winner from here.","news_type":1},"isVote":1,"tweetType":1,"viewCount":7,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9954802819,"gmtCreate":1676186751631,"gmtModify":1676186756155,"author":{"id":"4133623950260892","authorId":"4133623950260892","name":"Aidukas","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4133623950260892","authorIdStr":"4133623950260892"},"themes":[],"htmlText":"Amazing&nbsp;","listText":"Amazing&nbsp;","text":"Amazing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":12,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/9954802819","repostId":"2310356099","repostType":4,"repost":{"id":"2310356099","kind":"highlight","pubTimestamp":1676179451,"share":"https://ttm.financial/m/news/2310356099?lang=&edition=fundamental","pubTime":"2023-02-12 13:24","market":"us","language":"en","title":"The Smartest Investors Are Buying These 3 Beaten-Down Stocks","url":"https://stock-news.laohu8.com/highlight/detail?id=2310356099","media":"Motley Fool","summary":"These stocks have all declined over the last year, but they are looking like good values now.","content":"<html><head></head><body><p>Probably the most outstanding single quality that smart investors share is patience. The best-known smart investor of them all, Warren Buffett, famously doesn&#39;t try to time the market. Instead, his core strategy is to buy quality stocks at reasonable valuations -- and his holdings include positions in the first two companies discussed here.</p><p>In the case of each of these three stocks, the buy thesis now pretty much requires investors to overlook their near-term negatives in favor of their long-term positives. <a href=\"https://laohu8.com/S/AAPL\">Apple </a>, <a href=\"https://laohu8.com/S/UPS\">UPS </a>, and <a href=\"https://laohu8.com/S/GOOGL\">Alphabet</a> all face earnings headwinds in 2023, but they will likely emerge stronger from any recession that coult potentially kick off this year. Here&#39;s why.</p><h2>1. <a href=\"https://laohu8.com/S/AAPL\">Apple</a> is improving its earnings quality</h2><p>A combination of supply chain disruptions, a weakening environment for consumer discretionary spending, and adverse foreign currency exchange movements hit Apple in calendar 2022, and some of those issues are likely to extend well into 2023. That said, Apple&#39;s dominant position in the U.S. smartphone market and its opportunity to grow sales and market share worldwide as the number of smartphone users increases haven&#39;t gone away. Moreover, the underlying growth of its higher-margin services business is improving the quality of its earnings.</p><p>While product revenue fell 8% year over year in its recently reported first quarter of fiscal 2023, its services revenue rose 6.4%. It would have increased by closer to 13% without the negative impact of foreign currency exchange rates. The growth of Apple&#39;s services revenue (which comes with a gross margin of nearly 71% compared to around 36% for its products segment) is improving Apple&#39;s long-term margin profile. Moreover, services now provide about 20% of Apple&#39;s total revenue (based on its fiscal 2022 results).</p><p>Finally, as CFO Luca Maestri noted during the fiscal Q1 2023 earnings call, &#34;our installed base of active devices grew double digits and achieved all-time records in each geographic segment and in each major product category.&#34; That&#39;s likely to improve Apple&#39;s potential to grow its service revenue.</p><h2>2. <a href=\"https://laohu8.com/S/UPS\">United Parcel Service</a> is focusing on more-profitable deliveries</h2><p>Another example of a company that is facing near-term headwinds but also significantly improving its business is UPS. The company&#39;s revenue declined 2.7% in the fourth quarter of 2022, and CFO Brian Newman said he expects that in 2023, average daily volume in its U.S. domestic segment will be &#34;down slightly,&#34; and average daily volume and revenue in its international segment will decline by low single-digit percentages.</p><p>Still, note that Newman also said U.S. domestic segment revenue would <i>increase </i>by a low single-digit percentage despite that declining volume. That projection speaks to the underlying operational improvements UPS has been making. In a nutshell, management&#39;s transformational strategy to grow revenue from targeted end markets such as small and medium-sized businesses (SMBs) and the healthcare industry is working.</p><p>Meanwhile, the company&#39;s emphasis on focusing on more-profitable deliveries -- which also entails reducing its lower-margin deliveries for <b>Amazon.com</b> -- means continuing &#34;a mutually agreed path to glide that business down in 2023,&#34; according to Newman.</p><p>As such, UPS should continue to improve its underlying profitability even if a recession in 2023 leads to a revenue decline.</p><p>Management&#39;s guidance for $8 billion in free cash flow (FCF) in 2023 would put UPS on a price-to-forward-FCF ratio of almost 21. That&#39;s a reasonable multiple if the company&#39;s earnings hit a trough this year and recover in the coming years, driven by underlying growth in SMBs, healthcare, and more-profitable e-commerce deliveries.</p><h2>3. <a href=\"https://laohu8.com/S/GOOGL\">Alphabet</a>&#39;s wins will come from the cloud</h2><p>The case for buying Alphabet is relatively simple. Solid but slowing growth in its Google services (Search, YouTube ads, and Google Network) will be balanced by the ongoing growth of Google Cloud as it marches toward profitability -- a business in which Alphabet has &#34;really been investing ahead of our revenues,&#34; CFO Ruth Porat said on its recent Q4 earnings call.</p><p>The Google Cloud strategy makes perfect sense considering the potential for long-term cash generation from recurring revenue from customers that are likely to stay with Google Cloud on a multiyear basis.</p><p>As for Google&#39;s other services, if there&#39;s a recession, that will hurt advertising revenue across the board, and the headline figure of a 2% decline in search revenue in the fourth quarter doesn&#39;t look good. Still, in that quarter, Alphabet&#39;s earnings were also pressured by adverse foreign exchange movements. Excluding the impact of those currency exchange headwinds, search revenues &#34;delivered moderate underlying growth in Q4,&#34; according to Porat. Moreover, Google&#39;s overall revenue growth of just 1% was 7% in constant currency.</p><p>All told, Alphabet can look ahead to a year of solid but unspectacular growth. At the same time, Google Cloud is moving toward profitability, and Wall Street expects an incredible $70 billion in FCF, putting it on a forward-price-to-FCF multiple of 19. That&#39;s a good multiple for a company with Alphabet&#39;s long-term growth prospects.</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>The Smartest Investors Are Buying These 3 Beaten-Down Stocks</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Smartest Investors Are Buying These 3 Beaten-Down Stocks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-02-12 13:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2023/02/11/the-smartest-investors-are-buying-these-3-beaten-d/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Probably the most outstanding single quality that smart investors share is patience. The best-known smart investor of them all, Warren Buffett, famously doesn't try to time the market. Instead, his ...</p>\n\n<a href=\"https://www.fool.com/investing/2023/02/11/the-smartest-investors-are-buying-these-3-beaten-d/\">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","GOOGL":"谷歌A","BK4211":"区域性银行","UPS":"联合包裹"},"source_url":"https://www.fool.com/investing/2023/02/11/the-smartest-investors-are-buying-these-3-beaten-d/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2310356099","content_text":"Probably the most outstanding single quality that smart investors share is patience. The best-known smart investor of them all, Warren Buffett, famously doesn't try to time the market. Instead, his core strategy is to buy quality stocks at reasonable valuations -- and his holdings include positions in the first two companies discussed here.In the case of each of these three stocks, the buy thesis now pretty much requires investors to overlook their near-term negatives in favor of their long-term positives. Apple , UPS , and Alphabet all face earnings headwinds in 2023, but they will likely emerge stronger from any recession that coult potentially kick off this year. Here's why.1. Apple is improving its earnings qualityA combination of supply chain disruptions, a weakening environment for consumer discretionary spending, and adverse foreign currency exchange movements hit Apple in calendar 2022, and some of those issues are likely to extend well into 2023. That said, Apple's dominant position in the U.S. smartphone market and its opportunity to grow sales and market share worldwide as the number of smartphone users increases haven't gone away. Moreover, the underlying growth of its higher-margin services business is improving the quality of its earnings.While product revenue fell 8% year over year in its recently reported first quarter of fiscal 2023, its services revenue rose 6.4%. It would have increased by closer to 13% without the negative impact of foreign currency exchange rates. The growth of Apple's services revenue (which comes with a gross margin of nearly 71% compared to around 36% for its products segment) is improving Apple's long-term margin profile. Moreover, services now provide about 20% of Apple's total revenue (based on its fiscal 2022 results).Finally, as CFO Luca Maestri noted during the fiscal Q1 2023 earnings call, \"our installed base of active devices grew double digits and achieved all-time records in each geographic segment and in each major product category.\" That's likely to improve Apple's potential to grow its service revenue.2. United Parcel Service is focusing on more-profitable deliveriesAnother example of a company that is facing near-term headwinds but also significantly improving its business is UPS. The company's revenue declined 2.7% in the fourth quarter of 2022, and CFO Brian Newman said he expects that in 2023, average daily volume in its U.S. domestic segment will be \"down slightly,\" and average daily volume and revenue in its international segment will decline by low single-digit percentages.Still, note that Newman also said U.S. domestic segment revenue would increase by a low single-digit percentage despite that declining volume. That projection speaks to the underlying operational improvements UPS has been making. In a nutshell, management's transformational strategy to grow revenue from targeted end markets such as small and medium-sized businesses (SMBs) and the healthcare industry is working.Meanwhile, the company's emphasis on focusing on more-profitable deliveries -- which also entails reducing its lower-margin deliveries for Amazon.com -- means continuing \"a mutually agreed path to glide that business down in 2023,\" according to Newman.As such, UPS should continue to improve its underlying profitability even if a recession in 2023 leads to a revenue decline.Management's guidance for $8 billion in free cash flow (FCF) in 2023 would put UPS on a price-to-forward-FCF ratio of almost 21. That's a reasonable multiple if the company's earnings hit a trough this year and recover in the coming years, driven by underlying growth in SMBs, healthcare, and more-profitable e-commerce deliveries.3. Alphabet's wins will come from the cloudThe case for buying Alphabet is relatively simple. Solid but slowing growth in its Google services (Search, YouTube ads, and Google Network) will be balanced by the ongoing growth of Google Cloud as it marches toward profitability -- a business in which Alphabet has \"really been investing ahead of our revenues,\" CFO Ruth Porat said on its recent Q4 earnings call.The Google Cloud strategy makes perfect sense considering the potential for long-term cash generation from recurring revenue from customers that are likely to stay with Google Cloud on a multiyear basis.As for Google's other services, if there's a recession, that will hurt advertising revenue across the board, and the headline figure of a 2% decline in search revenue in the fourth quarter doesn't look good. Still, in that quarter, Alphabet's earnings were also pressured by adverse foreign exchange movements. Excluding the impact of those currency exchange headwinds, search revenues \"delivered moderate underlying growth in Q4,\" according to Porat. Moreover, Google's overall revenue growth of just 1% was 7% in constant currency.All told, Alphabet can look ahead to a year of solid but unspectacular growth. At the same time, Google Cloud is moving toward profitability, and Wall Street expects an incredible $70 billion in FCF, putting it on a forward-price-to-FCF multiple of 19. That's a good multiple for a company with Alphabet's long-term growth prospects.","news_type":1},"isVote":1,"tweetType":1,"viewCount":100,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9954063393,"gmtCreate":1675847651112,"gmtModify":1675847654627,"author":{"id":"4133623950260892","authorId":"4133623950260892","name":"Aidukas","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4133623950260892","authorIdStr":"4133623950260892"},"themes":[],"htmlText":"Better to 2050!","listText":"Better to 2050!","text":"Better to 2050!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":13,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9954063393","repostId":"2309700103","repostType":4,"repost":{"id":"2309700103","kind":"highlight","pubTimestamp":1675870263,"share":"https://ttm.financial/m/news/2309700103?lang=&edition=fundamental","pubTime":"2023-02-08 23:31","market":"us","language":"en","title":"2 FAANG Stocks That Can Double Your Money by 2027","url":"https://stock-news.laohu8.com/highlight/detail?id=2309700103","media":"Motley Fool","summary":"Among Meta Platforms (formerly Facebook), Amazon, Apple, Netflix, and Alphabet (formerly Google), there are two inexpensive stocks primed to deliver triple-digit returns by 2027.","content":"<html><head></head><body><p>Over multiple decades, Wall Street is a bona fide wealth creator. But as last year demonstrated, the stock market is completely unpredictable on a year-to-year basis.</p><p>When the going gets tough on Wall Street, investors often turn their attention to tried-and-true industry leaders. It&#39;s why the FAANG stocks have been such popular investments for more than a decade.</p><p>When I say &#34;FAANG&#34; stocks, I&#39;m talking about:</p><ul><li>Facebook, which is now a subsidiary of <b><a href=\"https://laohu8.com/S/META\">Meta Platforms</a></b></li><li><b>Amazon</b></li><li><b>Apple</b></li><li><b>Netflix</b></li><li>Google, which is now a subsidiary of <b>Alphabet</b></li></ul><p>Among the many reasons investors gravitate to the FAANGs is their clear-cut competitive advantages. For instance, Meta owns four of the most-popular social media sites on the planet, whereas Amazon was expected to bring in nearly 40% of all U.S. online retail sales in 2022, according to a report from eMarketer. These are dominant businesses within their respective industries -- and investors know it.</p><p>But even among the FAANG stocks, there&#39;s a hierarchy of opportunity. In other words, some offer more long-term upside potential than others. Among Meta, Amazon, Apple, Netflix, and Alphabet, there are two FAANG stocks that have the potential to double your money by 2027.</p><h2>FAANG stock No. 1 that can double your money by 2027: Alphabet</h2><p>The first FAANG stock fully capable of producing a 100% return over the next five years is Alphabet, the parent company of internet search engine Google, autonomous vehicle company Waymo, and streaming platform YouTube.</p><p>If investors were to solely focus on Alphabet&#39;s fourth-quarter operating results, which were released last week, they&#39;d have a hard time believing this company is capable of doubling in value by 2027. Total revenue jumped by just 1% over the prior-year quarter, with ad revenue pretty much declining across the board (Google and YouTube). Ad spending weakness is not uncommon when the winds of the recession begin blowing.</p><p>However, one quarter certainly doesn&#39;t tell the tale when it comes to Alphabet. On a macro basis, investors should recognize the numbers game that very much favors ad-dependent companies. Even though ad spending weakens during economic contractions and recessions, these downturns tend to be short lived. By comparison, the U.S. and global economy can spend years expanding. This means Alphabet&#39;s ad-driven operating segments are growing in lockstep with the U.S. and global economy over time.</p><p>But it&#39;s not just macroeconomic factors working in Alphabet&#39;s favor. In terms of global search engine market share, Google is practically a monopoly. According to data provided by GlobalStats, Google has accounted for 91% or greater of worldwide internet search share since December 2018. Having roughly 90 percentage points more market share than the next-closest competitor helps Alphabet&#39;s ad-pricing power immensely.</p><p>Although Google should remain Alphabet&#39;s primary cash-flow driver for the foreseeable future, the company is investing in numerous other verticals and channels to boost its revenue and, eventually, its profits. As an example, Alphabet is investing heavily in monetizing YouTube Shorts -- short-form videos lasting less than a minute. The company noted during its fourth-quarter conference call that over 50 billion YouTube Shorts are being watched daily, which is a huge audience for advertisers to reach.  For context, this figure stood at 30 billion daily views during the first quarter of 2022.</p><p>Significant investments are also being made in cloud infrastructure service Google Cloud, which climbed to an estimated 9% of worldwide cloud infrastructure spending during the third quarter, based on a report by Canalys. While Google Cloud is still a money-losing segment for Alphabet, enterprise cloud spending is still very much in its infancy. Since the margins associated with cloud services are typically higher than advertising margins, Google Cloud has an opportunity to become a key cash-flow driver by the second half of this decade.</p><p>Alphabet is also relatively inexpensive, given its sustained double-digit growth rates during periods of economic expansion. It&#39;s valued at 20 times Wall Street&#39;s consensus earnings for 2023, and the company closed out 2022 with just over $99 billion in net cash, cash equivalents, and marketable securities on its balance sheet. If earnings per share were to double between now and 2027 (which seems quite likely), Alphabet stock shouldn&#39;t have any trouble returning 100% for patient investors.</p><h2>FAANG stock No. 2 that can double your money by 2027: Amazon</h2><p>The second FAANG stock with all the tools and intangibles needed to double your money by 2027 is e-commerce juggernaut Amazon.</p><p>Similar to Alphabet, if investors were solely to focus on Amazon&#39;s operating performance during the fourth quarter, they&#39;d be missing the big picture. Though Amazon&#39;s retail segment struggled mightily and the company&#39;s net income plunged 98% from the prior-year period, Amazon&#39;s high-margin operating segments are still unstoppable.</p><p>When most people hear the Amazon name, they immediately think about the company&#39;s online marketplace, which accounts for more U.S. online retail market share than its next 14 closest competitors on a combined basis. But the thing about online retail sales is that it&#39;s a generally low-margin operating segment. While Amazon&#39;s online marketplace has done a phenomenal job of attracting a loyal customer base, it&#39;s ultimately not the operating segment that&#39;ll push Amazon stock to new heights. Rather, it&#39;s a trio of ancillary divisions that generate most of its Amazon&#39;s cash flow and operating income.</p><p>The first of these three key segments is subscription services. The popularity of its e-commerce platform encouraged more than 200 million people worldwide to sign up for a Prime membership. Keep in mind that this &#34;200 million&#34; figure is a company number from April 2021. Between very modest online sales growth since April 2021 and landing distribution exclusivity for the NFL&#39;s <i>Thursday Night Football</i>, the number of Prime members has assuredly grown. Amazon is nearing $37 billion in annual run-rate sales from subscription services.</p><p>The second higher-margin segment fueling Amazon&#39;s growth is advertising services. Having more people view its ever-growing library of content, as well as visit its online marketplace, provides Amazon with abundant pricing power when negotiating with merchants. Despite a difficult environment for ad spending, Amazon recognized 23% year-over-year advertising services sales growth in the fourth quarter (excluding currency movements).</p><p>Finally, there&#39;s cloud service infrastructure segment Amazon Web Services (AWS). The aforementioned Canalys report estimates AWS accounted for 32% of worldwide cloud service spending in the September-ended quarter. Despite representing only 15.6% of Amazon&#39;s net sales in 2022, AWS delivered $22.8 billion in operating income. Every other segment combined for Amazon generated an operating loss of $10.6 billion. AWS is, unquestionably, Amazon&#39;s cash-flow and profit driver.</p><p>Although Amazon is quite pricey when looking at the price-to-earnings ratio, cash flow is the more appropriate measure of value for this company. Since Amazon reinvests a significant portion of its cash flow back into its various channels, it&#39;s a far better measure of the company&#39;s health and value.</p><p>Throughout the 2010s, Amazon was valued at a median of 30 times its year-end cash flow. Based on Wall Street&#39;s consensus, Amazon is currently trading at just 5.6 times forecast cash flow in 2027. That&#39;s an incredible deal for a company whose highest-margin operating segments are all still growing by a double-digit percentage.</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 FAANG Stocks That Can Double Your Money by 2027</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 FAANG Stocks That Can Double Your Money by 2027\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-02-08 23:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2023/02/07/2-faang-stocks-that-can-double-your-money-by-2027/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Over multiple decades, Wall Street is a bona fide wealth creator. But as last year demonstrated, the stock market is completely unpredictable on a year-to-year basis.When the going gets tough on Wall ...</p>\n\n<a href=\"https://www.fool.com/investing/2023/02/07/2-faang-stocks-that-can-double-your-money-by-2027/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOGL":"谷歌A","GOOG":"谷歌","AMZN":"亚马逊"},"source_url":"https://www.fool.com/investing/2023/02/07/2-faang-stocks-that-can-double-your-money-by-2027/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2309700103","content_text":"Over multiple decades, Wall Street is a bona fide wealth creator. But as last year demonstrated, the stock market is completely unpredictable on a year-to-year basis.When the going gets tough on Wall Street, investors often turn their attention to tried-and-true industry leaders. It's why the FAANG stocks have been such popular investments for more than a decade.When I say \"FAANG\" stocks, I'm talking about:Facebook, which is now a subsidiary of Meta PlatformsAmazonAppleNetflixGoogle, which is now a subsidiary of AlphabetAmong the many reasons investors gravitate to the FAANGs is their clear-cut competitive advantages. For instance, Meta owns four of the most-popular social media sites on the planet, whereas Amazon was expected to bring in nearly 40% of all U.S. online retail sales in 2022, according to a report from eMarketer. These are dominant businesses within their respective industries -- and investors know it.But even among the FAANG stocks, there's a hierarchy of opportunity. In other words, some offer more long-term upside potential than others. Among Meta, Amazon, Apple, Netflix, and Alphabet, there are two FAANG stocks that have the potential to double your money by 2027.FAANG stock No. 1 that can double your money by 2027: AlphabetThe first FAANG stock fully capable of producing a 100% return over the next five years is Alphabet, the parent company of internet search engine Google, autonomous vehicle company Waymo, and streaming platform YouTube.If investors were to solely focus on Alphabet's fourth-quarter operating results, which were released last week, they'd have a hard time believing this company is capable of doubling in value by 2027. Total revenue jumped by just 1% over the prior-year quarter, with ad revenue pretty much declining across the board (Google and YouTube). Ad spending weakness is not uncommon when the winds of the recession begin blowing.However, one quarter certainly doesn't tell the tale when it comes to Alphabet. On a macro basis, investors should recognize the numbers game that very much favors ad-dependent companies. Even though ad spending weakens during economic contractions and recessions, these downturns tend to be short lived. By comparison, the U.S. and global economy can spend years expanding. This means Alphabet's ad-driven operating segments are growing in lockstep with the U.S. and global economy over time.But it's not just macroeconomic factors working in Alphabet's favor. In terms of global search engine market share, Google is practically a monopoly. According to data provided by GlobalStats, Google has accounted for 91% or greater of worldwide internet search share since December 2018. Having roughly 90 percentage points more market share than the next-closest competitor helps Alphabet's ad-pricing power immensely.Although Google should remain Alphabet's primary cash-flow driver for the foreseeable future, the company is investing in numerous other verticals and channels to boost its revenue and, eventually, its profits. As an example, Alphabet is investing heavily in monetizing YouTube Shorts -- short-form videos lasting less than a minute. The company noted during its fourth-quarter conference call that over 50 billion YouTube Shorts are being watched daily, which is a huge audience for advertisers to reach.  For context, this figure stood at 30 billion daily views during the first quarter of 2022.Significant investments are also being made in cloud infrastructure service Google Cloud, which climbed to an estimated 9% of worldwide cloud infrastructure spending during the third quarter, based on a report by Canalys. While Google Cloud is still a money-losing segment for Alphabet, enterprise cloud spending is still very much in its infancy. Since the margins associated with cloud services are typically higher than advertising margins, Google Cloud has an opportunity to become a key cash-flow driver by the second half of this decade.Alphabet is also relatively inexpensive, given its sustained double-digit growth rates during periods of economic expansion. It's valued at 20 times Wall Street's consensus earnings for 2023, and the company closed out 2022 with just over $99 billion in net cash, cash equivalents, and marketable securities on its balance sheet. If earnings per share were to double between now and 2027 (which seems quite likely), Alphabet stock shouldn't have any trouble returning 100% for patient investors.FAANG stock No. 2 that can double your money by 2027: AmazonThe second FAANG stock with all the tools and intangibles needed to double your money by 2027 is e-commerce juggernaut Amazon.Similar to Alphabet, if investors were solely to focus on Amazon's operating performance during the fourth quarter, they'd be missing the big picture. Though Amazon's retail segment struggled mightily and the company's net income plunged 98% from the prior-year period, Amazon's high-margin operating segments are still unstoppable.When most people hear the Amazon name, they immediately think about the company's online marketplace, which accounts for more U.S. online retail market share than its next 14 closest competitors on a combined basis. But the thing about online retail sales is that it's a generally low-margin operating segment. While Amazon's online marketplace has done a phenomenal job of attracting a loyal customer base, it's ultimately not the operating segment that'll push Amazon stock to new heights. Rather, it's a trio of ancillary divisions that generate most of its Amazon's cash flow and operating income.The first of these three key segments is subscription services. The popularity of its e-commerce platform encouraged more than 200 million people worldwide to sign up for a Prime membership. Keep in mind that this \"200 million\" figure is a company number from April 2021. Between very modest online sales growth since April 2021 and landing distribution exclusivity for the NFL's Thursday Night Football, the number of Prime members has assuredly grown. Amazon is nearing $37 billion in annual run-rate sales from subscription services.The second higher-margin segment fueling Amazon's growth is advertising services. Having more people view its ever-growing library of content, as well as visit its online marketplace, provides Amazon with abundant pricing power when negotiating with merchants. Despite a difficult environment for ad spending, Amazon recognized 23% year-over-year advertising services sales growth in the fourth quarter (excluding currency movements).Finally, there's cloud service infrastructure segment Amazon Web Services (AWS). The aforementioned Canalys report estimates AWS accounted for 32% of worldwide cloud service spending in the September-ended quarter. Despite representing only 15.6% of Amazon's net sales in 2022, AWS delivered $22.8 billion in operating income. Every other segment combined for Amazon generated an operating loss of $10.6 billion. AWS is, unquestionably, Amazon's cash-flow and profit driver.Although Amazon is quite pricey when looking at the price-to-earnings ratio, cash flow is the more appropriate measure of value for this company. Since Amazon reinvests a significant portion of its cash flow back into its various channels, it's a far better measure of the company's health and value.Throughout the 2010s, Amazon was valued at a median of 30 times its year-end cash flow. Based on Wall Street's consensus, Amazon is currently trading at just 5.6 times forecast cash flow in 2027. That's an incredible deal for a company whose highest-margin operating segments are all still growing by a double-digit percentage.","news_type":1},"isVote":1,"tweetType":1,"viewCount":35,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9955523197,"gmtCreate":1675579935620,"gmtModify":1676539008401,"author":{"id":"4133623950260892","authorId":"4133623950260892","name":"Aidukas","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4133623950260892","authorIdStr":"4133623950260892"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":17,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9955523197","repostId":"2308684441","repostType":4,"repost":{"id":"2308684441","kind":"highlight","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":1675558051,"share":"https://ttm.financial/m/news/2308684441?lang=&edition=fundamental","pubTime":"2023-02-05 08:47","market":"us","language":"en","title":"The Stock-Market Rally Survived a Confusing Week. Here's What Comes Next","url":"https://stock-news.laohu8.com/highlight/detail?id=2308684441","media":"Dow Jones","summary":"A key point of conflict requires resolutionInvestors can be excused for feeling a sense of confusion","content":"<html><head></head><body><p>A key point of conflict requires resolution</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3d84acd0fff9a6d03a294f0091d5a09d\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"/><span>Investors can be excused for feeling a sense of confusion. GETTY IMAGES/ISTOCKPHOTO</span></p><p>Despite a Friday stumble, stocks ended a turbulent week with another round of solid gains, keeping 2023&#39;s young but robust stock-market rally very much alive.</p><p>But a cloud of confusion also sets over the market, and it will eventually need to be resolved, strategists said.</p><p>Stocks rose early in the week as traders continued to bet that the Federal Reserve won&#39;t follow through on its forecast to push the federal funds rate to a peak above 5% and hold it there, instead looking for cuts by year-end. Fed chief Jerome Powell pushed back against that expectation again on Wednesday, but a nuanced answer to a question about loosening financial conditions and an acknowledgment that the &#34;disinflationary process&#34; had begun convinced traders they remained right about the rate path.</p><p>On Friday, however, a blowout January jobs report, with the U.S. economy adding 517,000 jobs and the unemployment rate dropping to 3.4%, its lowest level since 1969, appeared to affirm Powell&#39;s position.</p><p>Stocks took a hit, even if they finished off session lows, with the Nasdaq Composite  booking a fifth straight weekly gain and the S&amp;P 500  achieving back-to-back weekly wins. The Dow Jones Industrial Average  suffered a 0.2% weekly fall.</p><p>&#34;It kind of leaves you shaking your head right now, doesn&#39;t it?&#34; asked Jim Baird, chief investment officer at Plante Moran Financial Advisors, in a phone interview.</p><p>At some point in the coming months there will need to be &#34;a reconciliation between what the markets think the Fed will do and what Powell says the Fed will do,&#34; Baird said.</p><p>The rally could continue for now, Baird said, but he argued it would be wise in the long run to take the Fed at face value. &#34;I think the overall tone of risk taking in the market right now is a little bit too optimistic.&#34;</p><p>Money-market traders did react to Friday&#39;s data. Fed funds futures on Friday afternoon reflected a 99.6% probability that the Fed would raise the target rate by 25 basis points to a range of 4.75% to 5% at the conclusion of its next policy meeting, on March 22, up from an 82.7% probability on Thursday, according to the CME FedWatch tool.</p><p>For the Fed&#39;s May meeting, the market reflected a 61.3% chance of another quarter-point rise to 5% to 5.25%, the level the Fed has signaled is its expected high-water-mark rate. On Thursday, it saw just a 30% chance of a quarter-point rise in May. But markets still look for a cut by year-end.</p><p>Of course, one month&#39;s data do not represent the end of the argument. But unless January&#39;s labor-market strength turns out to be a blip, the hawks on the Fed are likely to dig in and keep rates higher for longer, said Yung-Yu Ma, chief investment strategist at BMO Wealth Management, in a phone interview.</p><p>For markets, the lack of a resolution to the long-simmering disconnect with the Fed could lead to a period of consolidation after an admittedly impressive start to 2023, he said.</p><p>Indeed, the momentum behind the market&#39;s rally could be set to continue. It&#39;s been led by tech and other growth stocks that were hammered in last year&#39;s market rout. Market watchers detect a sense of &#34;FOMO,&#34; or fear of missing out, is driving what some have termed a tech-stock &#34;meltup.&#34;</p><p>&#34;The impressive equity rally to start the year has caught cautious institutional investors, hedge funds, and strategists off guard. While overbought conditions are obvious, the near-universal level of skepticism among institutions provides a contrarian degree of support for continued strength,&#34; said Mark Hackett, chief of investment research at Nationwide, in a Friday note.</p><p>And then there&#39;s earnings season, which has so far seen results from around half of the S&amp;P 500.</p><p>Companies through Friday had reported lower earnings for the fourth quarter relative to the end of the previous week and relative to the end of the quarter.</p><p>The blended earnings decline (a combination of actual results for companies that have reported and estimated results for companies that have yet to report) for the fourth quarter was 5.3% through Friday, compared with an earnings decline of 5.1% last week and an earnings decline of 3.3% at the end of the fourth quarter, according to FactSet. If earnings come out negative for the quarter, it would be the first year-over-year decline since the third quarter of 2020.</p><p>When it comes to earnings, &#34;there&#39;s definitely been a mood of forgiveness in the market,&#34; said BMO&#39;s Ma.</p><p>&#34;I think the market just didn&#39;t want to see a disastrous earnings season,&#34; he said, noting expectations remain for weak earnings in the current quarter and next, with bulls looking into the second half of this year and even into 2024 to get on a better footing.</p><p>For the market, the main driver will remain data on inflation and wage growth, Ma said.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Stock-Market Rally Survived a Confusing Week. Here's What Comes Next</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Stock-Market Rally Survived a Confusing Week. Here's What Comes Next\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\">2023-02-05 08:47</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>A key point of conflict requires resolution</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3d84acd0fff9a6d03a294f0091d5a09d\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"/><span>Investors can be excused for feeling a sense of confusion. GETTY IMAGES/ISTOCKPHOTO</span></p><p>Despite a Friday stumble, stocks ended a turbulent week with another round of solid gains, keeping 2023&#39;s young but robust stock-market rally very much alive.</p><p>But a cloud of confusion also sets over the market, and it will eventually need to be resolved, strategists said.</p><p>Stocks rose early in the week as traders continued to bet that the Federal Reserve won&#39;t follow through on its forecast to push the federal funds rate to a peak above 5% and hold it there, instead looking for cuts by year-end. Fed chief Jerome Powell pushed back against that expectation again on Wednesday, but a nuanced answer to a question about loosening financial conditions and an acknowledgment that the &#34;disinflationary process&#34; had begun convinced traders they remained right about the rate path.</p><p>On Friday, however, a blowout January jobs report, with the U.S. economy adding 517,000 jobs and the unemployment rate dropping to 3.4%, its lowest level since 1969, appeared to affirm Powell&#39;s position.</p><p>Stocks took a hit, even if they finished off session lows, with the Nasdaq Composite  booking a fifth straight weekly gain and the S&amp;P 500  achieving back-to-back weekly wins. The Dow Jones Industrial Average  suffered a 0.2% weekly fall.</p><p>&#34;It kind of leaves you shaking your head right now, doesn&#39;t it?&#34; asked Jim Baird, chief investment officer at Plante Moran Financial Advisors, in a phone interview.</p><p>At some point in the coming months there will need to be &#34;a reconciliation between what the markets think the Fed will do and what Powell says the Fed will do,&#34; Baird said.</p><p>The rally could continue for now, Baird said, but he argued it would be wise in the long run to take the Fed at face value. &#34;I think the overall tone of risk taking in the market right now is a little bit too optimistic.&#34;</p><p>Money-market traders did react to Friday&#39;s data. Fed funds futures on Friday afternoon reflected a 99.6% probability that the Fed would raise the target rate by 25 basis points to a range of 4.75% to 5% at the conclusion of its next policy meeting, on March 22, up from an 82.7% probability on Thursday, according to the CME FedWatch tool.</p><p>For the Fed&#39;s May meeting, the market reflected a 61.3% chance of another quarter-point rise to 5% to 5.25%, the level the Fed has signaled is its expected high-water-mark rate. On Thursday, it saw just a 30% chance of a quarter-point rise in May. But markets still look for a cut by year-end.</p><p>Of course, one month&#39;s data do not represent the end of the argument. But unless January&#39;s labor-market strength turns out to be a blip, the hawks on the Fed are likely to dig in and keep rates higher for longer, said Yung-Yu Ma, chief investment strategist at BMO Wealth Management, in a phone interview.</p><p>For markets, the lack of a resolution to the long-simmering disconnect with the Fed could lead to a period of consolidation after an admittedly impressive start to 2023, he said.</p><p>Indeed, the momentum behind the market&#39;s rally could be set to continue. It&#39;s been led by tech and other growth stocks that were hammered in last year&#39;s market rout. Market watchers detect a sense of &#34;FOMO,&#34; or fear of missing out, is driving what some have termed a tech-stock &#34;meltup.&#34;</p><p>&#34;The impressive equity rally to start the year has caught cautious institutional investors, hedge funds, and strategists off guard. While overbought conditions are obvious, the near-universal level of skepticism among institutions provides a contrarian degree of support for continued strength,&#34; said Mark Hackett, chief of investment research at Nationwide, in a Friday note.</p><p>And then there&#39;s earnings season, which has so far seen results from around half of the S&amp;P 500.</p><p>Companies through Friday had reported lower earnings for the fourth quarter relative to the end of the previous week and relative to the end of the quarter.</p><p>The blended earnings decline (a combination of actual results for companies that have reported and estimated results for companies that have yet to report) for the fourth quarter was 5.3% through Friday, compared with an earnings decline of 5.1% last week and an earnings decline of 3.3% at the end of the fourth quarter, according to FactSet. If earnings come out negative for the quarter, it would be the first year-over-year decline since the third quarter of 2020.</p><p>When it comes to earnings, &#34;there&#39;s definitely been a mood of forgiveness in the market,&#34; said BMO&#39;s Ma.</p><p>&#34;I think the market just didn&#39;t want to see a disastrous earnings season,&#34; he said, noting expectations remain for weak earnings in the current quarter and next, with bulls looking into the second half of this year and even into 2024 to get on a better footing.</p><p>For the market, the main driver will remain data on inflation and wage growth, Ma said.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2308684441","content_text":"A key point of conflict requires resolutionInvestors can be excused for feeling a sense of confusion. GETTY IMAGES/ISTOCKPHOTODespite a Friday stumble, stocks ended a turbulent week with another round of solid gains, keeping 2023's young but robust stock-market rally very much alive.But a cloud of confusion also sets over the market, and it will eventually need to be resolved, strategists said.Stocks rose early in the week as traders continued to bet that the Federal Reserve won't follow through on its forecast to push the federal funds rate to a peak above 5% and hold it there, instead looking for cuts by year-end. Fed chief Jerome Powell pushed back against that expectation again on Wednesday, but a nuanced answer to a question about loosening financial conditions and an acknowledgment that the \"disinflationary process\" had begun convinced traders they remained right about the rate path.On Friday, however, a blowout January jobs report, with the U.S. economy adding 517,000 jobs and the unemployment rate dropping to 3.4%, its lowest level since 1969, appeared to affirm Powell's position.Stocks took a hit, even if they finished off session lows, with the Nasdaq Composite  booking a fifth straight weekly gain and the S&P 500  achieving back-to-back weekly wins. The Dow Jones Industrial Average  suffered a 0.2% weekly fall.\"It kind of leaves you shaking your head right now, doesn't it?\" asked Jim Baird, chief investment officer at Plante Moran Financial Advisors, in a phone interview.At some point in the coming months there will need to be \"a reconciliation between what the markets think the Fed will do and what Powell says the Fed will do,\" Baird said.The rally could continue for now, Baird said, but he argued it would be wise in the long run to take the Fed at face value. \"I think the overall tone of risk taking in the market right now is a little bit too optimistic.\"Money-market traders did react to Friday's data. Fed funds futures on Friday afternoon reflected a 99.6% probability that the Fed would raise the target rate by 25 basis points to a range of 4.75% to 5% at the conclusion of its next policy meeting, on March 22, up from an 82.7% probability on Thursday, according to the CME FedWatch tool.For the Fed's May meeting, the market reflected a 61.3% chance of another quarter-point rise to 5% to 5.25%, the level the Fed has signaled is its expected high-water-mark rate. On Thursday, it saw just a 30% chance of a quarter-point rise in May. But markets still look for a cut by year-end.Of course, one month's data do not represent the end of the argument. But unless January's labor-market strength turns out to be a blip, the hawks on the Fed are likely to dig in and keep rates higher for longer, said Yung-Yu Ma, chief investment strategist at BMO Wealth Management, in a phone interview.For markets, the lack of a resolution to the long-simmering disconnect with the Fed could lead to a period of consolidation after an admittedly impressive start to 2023, he said.Indeed, the momentum behind the market's rally could be set to continue. It's been led by tech and other growth stocks that were hammered in last year's market rout. Market watchers detect a sense of \"FOMO,\" or fear of missing out, is driving what some have termed a tech-stock \"meltup.\"\"The impressive equity rally to start the year has caught cautious institutional investors, hedge funds, and strategists off guard. While overbought conditions are obvious, the near-universal level of skepticism among institutions provides a contrarian degree of support for continued strength,\" said Mark Hackett, chief of investment research at Nationwide, in a Friday note.And then there's earnings season, which has so far seen results from around half of the S&P 500.Companies through Friday had reported lower earnings for the fourth quarter relative to the end of the previous week and relative to the end of the quarter.The blended earnings decline (a combination of actual results for companies that have reported and estimated results for companies that have yet to report) for the fourth quarter was 5.3% through Friday, compared with an earnings decline of 5.1% last week and an earnings decline of 3.3% at the end of the fourth quarter, according to FactSet. If earnings come out negative for the quarter, it would be the first year-over-year decline since the third quarter of 2020.When it comes to earnings, \"there's definitely been a mood of forgiveness in the market,\" said BMO's Ma.\"I think the market just didn't want to see a disastrous earnings season,\" he said, noting expectations remain for weak earnings in the current quarter and next, with bulls looking into the second half of this year and even into 2024 to get on a better footing.For the market, the main driver will remain data on inflation and wage growth, Ma said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":13,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9957020600,"gmtCreate":1676790720400,"gmtModify":1676790724600,"author":{"id":"4133623950260892","authorId":"4133623950260892","name":"Aidukas","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4133623950260892","authorIdStr":"4133623950260892"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":14,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9957020600","repostId":"1100725481","repostType":4,"isVote":1,"tweetType":1,"viewCount":27,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9954169999,"gmtCreate":1676103819311,"gmtModify":1676103822875,"author":{"id":"4133623950260892","authorId":"4133623950260892","name":"Aidukas","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4133623950260892","authorIdStr":"4133623950260892"},"themes":[],"htmlText":"Amazing&nbsp;","listText":"Amazing&nbsp;","text":"Amazing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":15,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9954169999","repostId":"1152663957","repostType":4,"repost":{"id":"1152663957","kind":"news","pubTimestamp":1676098698,"share":"https://ttm.financial/m/news/1152663957?lang=&edition=fundamental","pubTime":"2023-02-11 14:58","market":"us","language":"en","title":"Comparing The Cloud Leaders: Amazon Web Services, Microsoft Intelligent Cloud, And Google Cloud","url":"https://stock-news.laohu8.com/highlight/detail?id=1152663957","media":"Seeking Alpha","summary":"SummaryThe trailing twelve months combined revenues of Amazon, Microsoft and Alphabet in their respe","content":"<html><head></head><body><h3>Summary</h3><ul><li>The trailing twelve months combined revenues of Amazon, Microsoft and Alphabet in their respective cloud computing businesses amounted to a staggering $188.2 billion.</li><li>The cloud computing market is clearly experiencing a slowdown as a result of companies tightening expenses due to the uncertain macroeconomic environment.</li><li>Both Amazon and Microsoft have highly profitable cloud computing businesses while Google Cloud profitability remains an uncertainty.</li></ul><p>As a result of covering the top cloud computing companies in the market, I wanted to share with the readers at Seeking Alpha an overview of the cloud computing market and why I believe this space provides attractive investment opportunities. Readers can see that I have a buy rating on <a href=\"https://laohu8.com/S/AMZN\">Amazon</a>, <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>, and <a href=\"https://laohu8.com/S/GOOGL\">Alphabet</a>. One of the main reasons for these ratings is their strong presence in the already sizeable and growing cloud computing market. Given this market is driven by the increasing demand of data storage and processing capabilities, the runway for growth is still considerable. Further to this, there is already solid data backing the stable revenues and high operating margins some companies in this space are able to achieve. This space is also changing some of the biggest companies in the world as a result of their cloud computing segments being their fastest growing segments and contributing to a sizable portion of their operating incomes. Furthermore, the cloud computing market has high barriers to entry with multi billion dollar investments needed in order to possess the scalability, efficiency, footprint, and capabilities to offer the best-in-class services. This results in significant competitive advantages for well-established technology companies such as AMZN, MSFT, and GOOGL. Let´s take a look into what really is cloud computing. I hope you enjoy the read!</p><h3>What is Cloud Computing?</h3><p>Let&#39;s start with the basics. What is cloud computing? Cloud computing is essentially a network of servers around the world acting as a huge hard drive. Before the cloud existed, companies and individuals needed to back up their information and data into external devices, meaning a different hard drive. Nowadays, all this information and data can be transferred into the cloud, making it much more efficient and convenient for companies and individuals. One of the main benefits of the cloud is the accessibility to data and information remotely from anywhere in world at any given time as long as you have an internet connection. Companies and individuals also do not have the constraint of having too little storage, as in the cloud you can essentially store all the data you want and need.</p><p>Most of the cloud services offered are based on a subscription model meaning there is a monthly fee paid by customers. The beauty of this model for customers is that they are able to scale up or down their costs as they see fit. So, the more they use the cloud the more they will need to pay, while the less they use it the lower their costs will be.</p><p>So, why do companies want to move to the cloud instead of managing their data on premises? Of course, the main reason is to save money. Instead of having to build and power their own data centers and pay employees to operate them, companies can instead save time and effort by simply paying a cloud provider for this service. This also gives companies flexibility. Given the cloud can be used as they see fit, they can use it more during certain months or less during quite times. This gives companies the flexibility to adjust to their own needs.</p><h3>How do cloud providers generate revenues?</h3><p>Cloud computing is and has been a booming market for about a decade now and is likely to continue growing. For reference the global cloud computing market is projected to reach over $1.2 trillion by 2027. As such companies of the likes of AMZN, MSFT and GOOGL are all vying for a piece of the market. But how do these companies generate revenues from the cloud? As previously explained, the cloud model is a subscription model where companies can choose to subscribe to various services and pay as they go, meaning they pay depending on the usage of the services. There are several ways cloud providers generate revenues from cloud services, going from data storage, data transfers, cyber security, etc. According to tech researcher Gartner (IT), MSFT and AMZN have the most complete ecosystems of software and partnerships with third-party software-as-a-service providers.</p><h3>Competitive Landscape</h3><p>At the moment it is clear that cloud computing is truly dominated by two companies, AMZN with its AWS business recording revenues during the trailing twelve months (“TTM”) of $80.1 billion and MSFT with its cloud segment recording TTM revenues of $81.8 billion. Nonetheless, there is a distant third making strides to become a worthy opponent to these cloud giants. I am talking about Alphabet, a company with its Google Cloud business that has doubled revenues within two years and shows no sign of stopping. Although at a very distant third, Google Cloud has just reported revenues during the last twelve months of $26.3 billion and experienced a 37% growth rate year on year. Although Google Cloud is still a third of the size compared to AWS or MSFT Intelligent Cloud segment, it should not be left out as a top competitor in the space.</p><p>To understand why Google Cloud is a true competitor in the space, let´s take a look at AWS during 2018. At the end of 2018, AWS had very similar numbers to Google Cloud with revenues at approx. $26 billion showing growth rates of 50%. Yes, the growth rate was higher than Google Cloud&#39;s 37%, but it just goes to show that within 5 years, AWS was able to grow to $80 billion in revenues and $22.8 billion in operating income.</p><p>Despite AMZN, MSFT and GOOGL being the top players in the market there are also other well-established companies vying for market share such as IBM (IBM), Oracle (ORCL), Salesforce (CRM), etc. At the other side of the ocean there are the Chinese tech giants Alibaba (BABA), Tencent (OTCPK:TCEHY), Baidu (BIDU) and Huawei competing for market share in the Chinese cloud computing market which is set to grow to $84 billion by 2026. Even though these companies are still relatively small in regards to cloud computing compared to AMZN, GOOGL and MSFT, with time they can grow and become serious contenders. Let&#39;s now take a look at the individual names and how they have performed!</p><h3><img src=\"https://static.tigerbbs.com/234dd572ace958d37013f1cca08c3b86\" tg-width=\"640\" tg-height=\"393\" width=\"100%\" height=\"auto\"/>Amazon Web Services</h3><p>AWS was launched in 2006 seeing an explosive growth since then, generating revenues of $80 billion and operating income of $22.8 billion during 2022. AWS offers a variety of services including database, storage, web &amp; mobile apps, machine learning, etc. According to Amazon, the number of active AWS users exceeds 1 million with customers such as Goldman Sachs, Disney, Samsung, Snapchat, etc.</p><p>AWS keeps raking in big time customers, during the fourth quarter it added Yahoo Ad Tech, Brookfield Asset Management, Wallbox, American Family Insurance, etc. Further to this, AWS also launched new regions in Spain and Switzerland as well as a second region in India to continue expanding its infrastructure footprint. As of the end of 2022, AWS has 96 availability zones within 30 geographic regions globally, with announced plans to launch 15 more availability zones and 5 more AWS regions.</p><p><img src=\"https://static.tigerbbs.com/3f48d27c77570b7dfce6a2f7d91c720b\" tg-width=\"628\" tg-height=\"246\" width=\"100%\" height=\"auto\"/>From the table above, it can be seen that AWS increased revenues by 29% year-over-year to $80.1 billion. Despite AWS revenues only accounting for ~16% of AMZN total revenues AWS operating income which stood at $22.8 billion accounted for 100% of the company&#39;s operating income. Yes, you read that correctly, both North America and International segments recorded a loss during 2022 and AWS completely offset these losses due to its high profitability. To give another example during 2020 and 2021, AWS accounted for 74% and 59% of the company&#39;s total operating income. As you can see AMZN depends heavily on its cloud business for its growth.</p><p><img src=\"https://static.tigerbbs.com/174c0602744843fefd8fe2f5e176016c\" tg-width=\"608\" tg-height=\"225\" width=\"100%\" height=\"auto\"/>On a quarterly basis, AWS has seen a decrease on its growth rate to 20% from 40% during the fourth quarter of 2021. As it will be seen later in the article, both MSFT and GOOGL also experienced a slowdown in growth rates. Starting back in the middle of the third quarter of 2022, management started seeing growth rates slow as companies of all sizes looked into their cloud spending in response to the tough macroeconomic conditions. These optimization efforts continued into the fourth quarter and will most probably continue for next couple of quarters.</p><h3>Robust Yearly Growth Continues</h3><p><img src=\"https://static.tigerbbs.com/4f458eb0d298692535415cd35c48e0d9\" tg-width=\"607\" tg-height=\"227\" width=\"100%\" height=\"auto\"/>AWS was very close to double revenues within two years. During 2020 revenues stood at $45.3 billion, fast forward two years and we see revenues touching the $80 billion mark. With the market expected to continue growing to $1.2 trillion by 2027 and with AMZN investing in its global footprint, we could see AWS growing by tens of billions of dollars albeit at a slower growth rate than previous years.</p><h3>MSFT Intelligent Cloud</h3><p>Microsoft Azure was launched in 2010, however Microsoft Intelligent Cloud segment consists of other cloud services such as SQL Server, Windows Server, Visual Studio, among others. The Intelligent Cloud segment services include databases, data storage, artificial intelligence, networking, web and mobile apps, etc. Similarly to AMZN, MSFT has also seen explosive growth during the last decade with TTM revenues standing at $81.2 billion and a whopping operating income of $34.8 billion. MSFT enjoys of a cloud computing business that constantly generates a truly spectacular operating income margin above 40%.</p><p>According to the company, in mid-2021 over 95 percent of Fortune 500 companies used Azure, it had over 145 million daily active users on Microsoft Teams, and over 250 thousand organizations using Microsoft Dynamics 365 and Microsoft Power Platform. Big name customers include T-Mobile, Bayer, L&#39;Oreal, Walmart, etc.</p><p>According to Dgtl Ingfra, at the end of 2022 Microsoft Azure had 60 geographic regions globally and 116 availability zones. This numbers are substantially higher than AWS and Google Cloud which combined have 64 geographic regions. This of course gives MSFT a competitive advantage regarding its reach to lure companies across the world towards its cloud services.</p><h3>Impact of MSFT Intelligent Cloud on Microsoft Overall Business</h3><p><img src=\"https://static.tigerbbs.com/3cfe82b3d844511c33cf17e8788cfd5d\" tg-width=\"640\" tg-height=\"161\" width=\"100%\" height=\"auto\"/>MSFT Intelligent Cloud segment increased its revenues to $81.8 billion during the TTM. MSFT Intelligent Cloud segment is quite important for Microsoft but not critical as AWS is for AMZN. The Intelligent Cloud segment now accounts for 40% of the company&#39;s total revenues and for 42% of MSFT operating income. This should give MSFT shareholders a peace of mind as the business growth does not depend entirely on the cloud segment.</p><p><img src=\"https://static.tigerbbs.com/8776c7389b26d35ab5619dbd4b8e0aff\" tg-width=\"604\" tg-height=\"207\" width=\"100%\" height=\"auto\"/>During the last quarter, revenue increased 18%, here we can also see that the growth rate is slowing down and actually touched the teens for MSFT. However, it should be mentioned that in dollar terms the growth remained relatively flat at $3.2 billion compared to $3.6 billion during the same period last year. Further to this, during 2022 MSFT completed the acquisition of Nuance Communications. Nuance is a leader in conversational AI and ambient intelligence across industries including healthcare, financial services, retail, and telecommunications. This will help the Intelligent Cloud segment strengthen MSFT capabilities across these industries and should boost revenue growth during the coming quarters.</p><h3>Growth Continues with Operating Margin Holding Up</h3><p><img src=\"https://static.tigerbbs.com/86e4542d8dcb4be066d049b07cd0744d\" tg-width=\"601\" tg-height=\"209\" width=\"100%\" height=\"auto\"/>MSFT fiscal year ends in June, as such we can compare the previous 3 years and the TTM results. With this information we can see that MSFT is very close to double revenues within 3 years. During FYE 2020 revenues stood at $48.4 billion, fast forward to the end of 2022 and we see revenues at $81 billion. I think it is very important to understand that we are talking about businesses which are about to touch the $100 billion mark and are still growing at very attractive growth rates. Albeit at a weaker rate, thanks to MSFT global footprint we should continue seeing this business growing and become an even more significant part of MSFT business as a whole.</p><h3>Google Cloud</h3><p>Google Cloud was made available for customers at the end of 2011 and since then it has become the third largest cloud service provider globally generating revenues of $26.3 billion during 2022. Google Cloud services include databases, security, smart analytics, artificial intelligence, etc. According to Dgtl Infra, as of the end of 2022 Google Cloud has 34 regions and 103 availability zones in operation. These regions include United States, Americas, Europe, and Asia Pacific. Thanks to its global reach, Google Cloud has been able to land big name customers such as Airbus, Procter &amp; Gamble, Carrefour, PayPal, Vodafone, Twitter, among others.</p><p>Now, it is time to address the elephant in the room, even though Google Cloud is already a big business and growing at attractive rates, it remains unprofitable. This means that the business has been unprofitable for more than a decade. We could ask ourselves, how is it that a $26 billion revenue generating business continues to be unprofitable? Well, as management has mentioned during many investors calls it all comes down to spending money in order to make money. Specifically during the latest investor call management mentioned it keeps investing ahead of revenues, these investments are significant and keep the business from becoming profitable. Let&#39;s take a look at Google Cloud financials.</p><h3>Impact of Google Cloud on Alphabet Overall Business</h3><p><img src=\"https://static.tigerbbs.com/6060d2f2682900ec1ca0be3e5891df66\" tg-width=\"640\" tg-height=\"160\" width=\"100%\" height=\"auto\"/>Google Cloud continues to increase its relevance for the company&#39;s top line, however it has not been able to reach the 10% mark as of yet and as of the latest quarter results, it continues to depress the company&#39;s overall operating income. Saying this, from the table above, we can clearly see that revenues keep increasing while operating losses continue to shrink. For example, if you compare the losses during the first quarter to the losses during the fourth quarter, these have shrunk by about 50%. Further to this, revenue keeps increasing at a very attractive rate, Google Cloud finished the 2022 year with a revenue increase of 37% compared to the previous year. Important to note that the growth rate experience by Google Cloud is above the growth rates achieved by AMZN and MSFT on yearly basis. Additionally, Google Cloud backlog continued to increase during the year, standing at $64.3 billion at the end of 2022. For reference Google Cloud backlog at the end of first quarter of 2022 stood at $50.5 billion.</p><p><img src=\"https://static.tigerbbs.com/70d1eb3b369fc582c61a2f54369afaad\" tg-width=\"640\" tg-height=\"216\" width=\"100%\" height=\"auto\"/>During the last quarter revenue increased 32%, again similarly to AMZN and MSFT, Google Cloud experienced a slowdown compared to the previous periods. Also similarly to MSFT, during 2022 management pursued an acquisition in order to boost the business. GOOGL completed the acquisition of Mandiant in Sept. 2022. Mandiant&#39;s dynamic cyber defense, threat intelligence and incident response services are expected to enhance Google Cloud&#39;s security offerings. Finally, the fact that Google Cloud has been able to double revenues and reduce operating losses by more than 60% should not go unnoticed. Even though these are still losses, the company is trending in the right direction.</p><h3>Growth Continues but so do Operating Losses</h3><p><img src=\"https://static.tigerbbs.com/4e8c86fc52c911781cb4b9906b7d7bcd\" tg-width=\"640\" tg-height=\"216\" width=\"100%\" height=\"auto\"/>Google Cloud revenues increased $7.1 billion from 2021 to 2022. This growth was primarily driven by Google Cloud Platform followed by Google Workspace offerings. Google Cloud&#39;s infrastructure and platform services were the largest drivers of growth in Google Cloud Platform. As for the decrease in operating losses, this was mainly driven by growth in revenues. As of the end of 2022, Google Cloud is very close to reaching the 10% mark as a percentage of total revenues. Also, the total losses for the year are now about 50% of the losses experienced during 2020. It is still too early to speculate if Google Cloud will be profitable for 2023, however, it is quite possible that the business will breakeven within the next four quarters.</p><h3>Google Cloud Revenue and Operating Losses Trend</h3><p><img src=\"https://static.tigerbbs.com/55e64658922254640c814afc7834679b\" tg-width=\"640\" tg-height=\"340\" width=\"100%\" height=\"auto\"/>To finalize the Google Cloud discussion, I wanted to show the above graph so that readers can see the revenues and operating losses trends from the trailing 10 quarters. As it can be seen Google Cloud revenues have been steadily growing albeit at a slower rate during the last four quarters. It can also be seen that operating losses are volatile with some quarters experiencing higher losses than other, nonetheless the trend here is that losses are decreasing. Another interesting fact is that Google Cloud has generated revenues for GOOGL amounting to $52.8 billion during the last ten quarters, however operating losses have amounted to $8.5 billion during the same timeframe. On a final note, Google Cloud has not seen a double-digit growth rate on a quarter-on-quarter basis for four quarters now, of course with higher revenues this is more difficult to achieve. It will be interesting to see if growth rates can climb back to the rates it was experiencing two years ago.</p><h3>Comparing Amazon Web Services, Microsoft Intelligent Cloud and Google Cloud</h3><p>Throughout the article I have provided insights on how these three businesses have performed on a financial basis and compared their growth rates, operating income margins, etc. Saying these I believe there are a couple interesting topics to help compare these cloud providers. The first one being the global footprint these businesses have, as with a more extensive footprint they will be able to reach more customers around the globe. For example, a noticeable trait where MSFT clearly has a competitive advantage compared to AMZN and GOOGL is the extensive global footprint MSFT has. As mentioned earlier Microsoft Azure has 60 geographic regions globally, this is significantly bigger numbers than AMZN and GOOGL which both have half of the geographic regions MSFT enjoys of. This extensive global footprint by MSFT was probably a driver for acquiring more customers worldwide. AMZN is clearly trying to catch up, announcing investments in 15 more availability zones and 5 more AWS regions. We can expect Google Cloud to make similar investments in order not to fall behind.</p><p>Another great topic to discuss, is how these three companies are trying to get as many customers as possible, however it seems that the true gains that really move the needle are customers which are big companies. It is here where the cloud providers can derive significant bigger tickets and drive revenue growth. As an example, according to consultancy firm Contino, Netflix was said to be one of AMZN biggest spenders in the cloud with about $19 million back in 2020. A customer with this ticket size is really what moves the needle for these companies. As for MSFT, its biggest customer back in 2020 was Verizon with a ticket size of $80 million. Similarly, one of Google Cloud&#39;s biggest customers back in 2020 was NewsCorp deriving revenues of $41 million. Of course much has changed since 2020, however this can give a feel of how important big spenders are for these cloud providers.</p><p>Finally, these companies are also trying to consolidate the market by acquiring companies in the space. For example during 2022, both MSFT and GOOGL made significant acquisition to bolster their cloud businesses. MSFT closed its $19.6 billion acquisition of Nuance Communications, while GOOGL closed it $5.4 billion acquisition of Mandiant. It should not come as a surprise if we keep seeing news of cloud computing companies being captured by these three leaders in the space.</p><h3>Cloud Computing Market Outlook</h3><p>Based on the comparative analysis of these three companies, it&#39;s clear that both AMZN and MSFT will increasingly depend on their cloud businesses to accelerate their revenue growth and earnings. At the same time, GOOGL will try to bolster its cloud segment and seek to become profitable. Despite being the clear leaders in the space, these companies will face robust competition from companies of the likes of IBM, ORCL, CRM, BABA, TCEHY, BIDU, etc.</p><p>The pie will definitely get bigger with the global cloud computing market projected to reach over $1.2 trillion by 2027. From this, the Chinese cloud computing market alone is set to grow to $84 billion by 2026 and Asia Pacific as a whole is expected to reach $200 billion by 2024. In this region we have strong players such as BABA, TCEHY, BIDU and Huawei vying for market share, and of course we can expect these companies to try to expand their businesses all across the Asia Pacific region. Even though these companies are still relatively small compared to AMZN, GOOGL and MSFT, with time they can grow and start rivaling the US Giants.</p><h3>Conclusion</h3><p>This article is mainly focused on the three biggest companies in the space, but I hope it brought the readers not only a better understanding of how important cloud computing is to these companies but to all the companies in the space. The cloud computing market truly offers attractive investment opportunities, as things currently stand, I believe MSFT holds a strong competitive advantage compared to most of the companies in the space. The reasons for this are the stable and growing revenues experienced by MSFT cloud computing segment, its high operating margins constantly above 40% as well as its advantage due to its extensive global footprint. This does not mean MSFT is the only investment opportunity, but it provides a certain security factor compared to other companies in the space. I recommend that investors consider looking more deeply into companies in the cloud computing space and consider the potential of gaining exposure to this growing market.</p><p>Editor&#39;s Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.</p></body></html>","source":"seekingalpha_fund","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>Comparing The Cloud Leaders: Amazon Web Services, Microsoft Intelligent Cloud, And Google Cloud</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\">\nComparing The Cloud Leaders: Amazon Web Services, Microsoft Intelligent Cloud, And Google Cloud\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-02-11 14:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4577229-comparing-cloud-leaders-amazon-aws-microsoft-cloud-azure-google-cloud><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryThe trailing twelve months combined revenues of Amazon, Microsoft and Alphabet in their respective cloud computing businesses amounted to a staggering $188.2 billion.The cloud computing market ...</p>\n\n<a href=\"https://seekingalpha.com/article/4577229-comparing-cloud-leaders-amazon-aws-microsoft-cloud-azure-google-cloud\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOGL":"谷歌A","MSFT":"微软","AMZN":"亚马逊"},"source_url":"https://seekingalpha.com/article/4577229-comparing-cloud-leaders-amazon-aws-microsoft-cloud-azure-google-cloud","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1152663957","content_text":"SummaryThe trailing twelve months combined revenues of Amazon, Microsoft and Alphabet in their respective cloud computing businesses amounted to a staggering $188.2 billion.The cloud computing market is clearly experiencing a slowdown as a result of companies tightening expenses due to the uncertain macroeconomic environment.Both Amazon and Microsoft have highly profitable cloud computing businesses while Google Cloud profitability remains an uncertainty.As a result of covering the top cloud computing companies in the market, I wanted to share with the readers at Seeking Alpha an overview of the cloud computing market and why I believe this space provides attractive investment opportunities. Readers can see that I have a buy rating on Amazon, Microsoft, and Alphabet. One of the main reasons for these ratings is their strong presence in the already sizeable and growing cloud computing market. Given this market is driven by the increasing demand of data storage and processing capabilities, the runway for growth is still considerable. Further to this, there is already solid data backing the stable revenues and high operating margins some companies in this space are able to achieve. This space is also changing some of the biggest companies in the world as a result of their cloud computing segments being their fastest growing segments and contributing to a sizable portion of their operating incomes. Furthermore, the cloud computing market has high barriers to entry with multi billion dollar investments needed in order to possess the scalability, efficiency, footprint, and capabilities to offer the best-in-class services. This results in significant competitive advantages for well-established technology companies such as AMZN, MSFT, and GOOGL. Let´s take a look into what really is cloud computing. I hope you enjoy the read!What is Cloud Computing?Let's start with the basics. What is cloud computing? Cloud computing is essentially a network of servers around the world acting as a huge hard drive. Before the cloud existed, companies and individuals needed to back up their information and data into external devices, meaning a different hard drive. Nowadays, all this information and data can be transferred into the cloud, making it much more efficient and convenient for companies and individuals. One of the main benefits of the cloud is the accessibility to data and information remotely from anywhere in world at any given time as long as you have an internet connection. Companies and individuals also do not have the constraint of having too little storage, as in the cloud you can essentially store all the data you want and need.Most of the cloud services offered are based on a subscription model meaning there is a monthly fee paid by customers. The beauty of this model for customers is that they are able to scale up or down their costs as they see fit. So, the more they use the cloud the more they will need to pay, while the less they use it the lower their costs will be.So, why do companies want to move to the cloud instead of managing their data on premises? Of course, the main reason is to save money. Instead of having to build and power their own data centers and pay employees to operate them, companies can instead save time and effort by simply paying a cloud provider for this service. This also gives companies flexibility. Given the cloud can be used as they see fit, they can use it more during certain months or less during quite times. This gives companies the flexibility to adjust to their own needs.How do cloud providers generate revenues?Cloud computing is and has been a booming market for about a decade now and is likely to continue growing. For reference the global cloud computing market is projected to reach over $1.2 trillion by 2027. As such companies of the likes of AMZN, MSFT and GOOGL are all vying for a piece of the market. But how do these companies generate revenues from the cloud? As previously explained, the cloud model is a subscription model where companies can choose to subscribe to various services and pay as they go, meaning they pay depending on the usage of the services. There are several ways cloud providers generate revenues from cloud services, going from data storage, data transfers, cyber security, etc. According to tech researcher Gartner (IT), MSFT and AMZN have the most complete ecosystems of software and partnerships with third-party software-as-a-service providers.Competitive LandscapeAt the moment it is clear that cloud computing is truly dominated by two companies, AMZN with its AWS business recording revenues during the trailing twelve months (“TTM”) of $80.1 billion and MSFT with its cloud segment recording TTM revenues of $81.8 billion. Nonetheless, there is a distant third making strides to become a worthy opponent to these cloud giants. I am talking about Alphabet, a company with its Google Cloud business that has doubled revenues within two years and shows no sign of stopping. Although at a very distant third, Google Cloud has just reported revenues during the last twelve months of $26.3 billion and experienced a 37% growth rate year on year. Although Google Cloud is still a third of the size compared to AWS or MSFT Intelligent Cloud segment, it should not be left out as a top competitor in the space.To understand why Google Cloud is a true competitor in the space, let´s take a look at AWS during 2018. At the end of 2018, AWS had very similar numbers to Google Cloud with revenues at approx. $26 billion showing growth rates of 50%. Yes, the growth rate was higher than Google Cloud's 37%, but it just goes to show that within 5 years, AWS was able to grow to $80 billion in revenues and $22.8 billion in operating income.Despite AMZN, MSFT and GOOGL being the top players in the market there are also other well-established companies vying for market share such as IBM (IBM), Oracle (ORCL), Salesforce (CRM), etc. At the other side of the ocean there are the Chinese tech giants Alibaba (BABA), Tencent (OTCPK:TCEHY), Baidu (BIDU) and Huawei competing for market share in the Chinese cloud computing market which is set to grow to $84 billion by 2026. Even though these companies are still relatively small in regards to cloud computing compared to AMZN, GOOGL and MSFT, with time they can grow and become serious contenders. Let's now take a look at the individual names and how they have performed!Amazon Web ServicesAWS was launched in 2006 seeing an explosive growth since then, generating revenues of $80 billion and operating income of $22.8 billion during 2022. AWS offers a variety of services including database, storage, web & mobile apps, machine learning, etc. According to Amazon, the number of active AWS users exceeds 1 million with customers such as Goldman Sachs, Disney, Samsung, Snapchat, etc.AWS keeps raking in big time customers, during the fourth quarter it added Yahoo Ad Tech, Brookfield Asset Management, Wallbox, American Family Insurance, etc. Further to this, AWS also launched new regions in Spain and Switzerland as well as a second region in India to continue expanding its infrastructure footprint. As of the end of 2022, AWS has 96 availability zones within 30 geographic regions globally, with announced plans to launch 15 more availability zones and 5 more AWS regions.From the table above, it can be seen that AWS increased revenues by 29% year-over-year to $80.1 billion. Despite AWS revenues only accounting for ~16% of AMZN total revenues AWS operating income which stood at $22.8 billion accounted for 100% of the company's operating income. Yes, you read that correctly, both North America and International segments recorded a loss during 2022 and AWS completely offset these losses due to its high profitability. To give another example during 2020 and 2021, AWS accounted for 74% and 59% of the company's total operating income. As you can see AMZN depends heavily on its cloud business for its growth.On a quarterly basis, AWS has seen a decrease on its growth rate to 20% from 40% during the fourth quarter of 2021. As it will be seen later in the article, both MSFT and GOOGL also experienced a slowdown in growth rates. Starting back in the middle of the third quarter of 2022, management started seeing growth rates slow as companies of all sizes looked into their cloud spending in response to the tough macroeconomic conditions. These optimization efforts continued into the fourth quarter and will most probably continue for next couple of quarters.Robust Yearly Growth ContinuesAWS was very close to double revenues within two years. During 2020 revenues stood at $45.3 billion, fast forward two years and we see revenues touching the $80 billion mark. With the market expected to continue growing to $1.2 trillion by 2027 and with AMZN investing in its global footprint, we could see AWS growing by tens of billions of dollars albeit at a slower growth rate than previous years.MSFT Intelligent CloudMicrosoft Azure was launched in 2010, however Microsoft Intelligent Cloud segment consists of other cloud services such as SQL Server, Windows Server, Visual Studio, among others. The Intelligent Cloud segment services include databases, data storage, artificial intelligence, networking, web and mobile apps, etc. Similarly to AMZN, MSFT has also seen explosive growth during the last decade with TTM revenues standing at $81.2 billion and a whopping operating income of $34.8 billion. MSFT enjoys of a cloud computing business that constantly generates a truly spectacular operating income margin above 40%.According to the company, in mid-2021 over 95 percent of Fortune 500 companies used Azure, it had over 145 million daily active users on Microsoft Teams, and over 250 thousand organizations using Microsoft Dynamics 365 and Microsoft Power Platform. Big name customers include T-Mobile, Bayer, L'Oreal, Walmart, etc.According to Dgtl Ingfra, at the end of 2022 Microsoft Azure had 60 geographic regions globally and 116 availability zones. This numbers are substantially higher than AWS and Google Cloud which combined have 64 geographic regions. This of course gives MSFT a competitive advantage regarding its reach to lure companies across the world towards its cloud services.Impact of MSFT Intelligent Cloud on Microsoft Overall BusinessMSFT Intelligent Cloud segment increased its revenues to $81.8 billion during the TTM. MSFT Intelligent Cloud segment is quite important for Microsoft but not critical as AWS is for AMZN. The Intelligent Cloud segment now accounts for 40% of the company's total revenues and for 42% of MSFT operating income. This should give MSFT shareholders a peace of mind as the business growth does not depend entirely on the cloud segment.During the last quarter, revenue increased 18%, here we can also see that the growth rate is slowing down and actually touched the teens for MSFT. However, it should be mentioned that in dollar terms the growth remained relatively flat at $3.2 billion compared to $3.6 billion during the same period last year. Further to this, during 2022 MSFT completed the acquisition of Nuance Communications. Nuance is a leader in conversational AI and ambient intelligence across industries including healthcare, financial services, retail, and telecommunications. This will help the Intelligent Cloud segment strengthen MSFT capabilities across these industries and should boost revenue growth during the coming quarters.Growth Continues with Operating Margin Holding UpMSFT fiscal year ends in June, as such we can compare the previous 3 years and the TTM results. With this information we can see that MSFT is very close to double revenues within 3 years. During FYE 2020 revenues stood at $48.4 billion, fast forward to the end of 2022 and we see revenues at $81 billion. I think it is very important to understand that we are talking about businesses which are about to touch the $100 billion mark and are still growing at very attractive growth rates. Albeit at a weaker rate, thanks to MSFT global footprint we should continue seeing this business growing and become an even more significant part of MSFT business as a whole.Google CloudGoogle Cloud was made available for customers at the end of 2011 and since then it has become the third largest cloud service provider globally generating revenues of $26.3 billion during 2022. Google Cloud services include databases, security, smart analytics, artificial intelligence, etc. According to Dgtl Infra, as of the end of 2022 Google Cloud has 34 regions and 103 availability zones in operation. These regions include United States, Americas, Europe, and Asia Pacific. Thanks to its global reach, Google Cloud has been able to land big name customers such as Airbus, Procter & Gamble, Carrefour, PayPal, Vodafone, Twitter, among others.Now, it is time to address the elephant in the room, even though Google Cloud is already a big business and growing at attractive rates, it remains unprofitable. This means that the business has been unprofitable for more than a decade. We could ask ourselves, how is it that a $26 billion revenue generating business continues to be unprofitable? Well, as management has mentioned during many investors calls it all comes down to spending money in order to make money. Specifically during the latest investor call management mentioned it keeps investing ahead of revenues, these investments are significant and keep the business from becoming profitable. Let's take a look at Google Cloud financials.Impact of Google Cloud on Alphabet Overall BusinessGoogle Cloud continues to increase its relevance for the company's top line, however it has not been able to reach the 10% mark as of yet and as of the latest quarter results, it continues to depress the company's overall operating income. Saying this, from the table above, we can clearly see that revenues keep increasing while operating losses continue to shrink. For example, if you compare the losses during the first quarter to the losses during the fourth quarter, these have shrunk by about 50%. Further to this, revenue keeps increasing at a very attractive rate, Google Cloud finished the 2022 year with a revenue increase of 37% compared to the previous year. Important to note that the growth rate experience by Google Cloud is above the growth rates achieved by AMZN and MSFT on yearly basis. Additionally, Google Cloud backlog continued to increase during the year, standing at $64.3 billion at the end of 2022. For reference Google Cloud backlog at the end of first quarter of 2022 stood at $50.5 billion.During the last quarter revenue increased 32%, again similarly to AMZN and MSFT, Google Cloud experienced a slowdown compared to the previous periods. Also similarly to MSFT, during 2022 management pursued an acquisition in order to boost the business. GOOGL completed the acquisition of Mandiant in Sept. 2022. Mandiant's dynamic cyber defense, threat intelligence and incident response services are expected to enhance Google Cloud's security offerings. Finally, the fact that Google Cloud has been able to double revenues and reduce operating losses by more than 60% should not go unnoticed. Even though these are still losses, the company is trending in the right direction.Growth Continues but so do Operating LossesGoogle Cloud revenues increased $7.1 billion from 2021 to 2022. This growth was primarily driven by Google Cloud Platform followed by Google Workspace offerings. Google Cloud's infrastructure and platform services were the largest drivers of growth in Google Cloud Platform. As for the decrease in operating losses, this was mainly driven by growth in revenues. As of the end of 2022, Google Cloud is very close to reaching the 10% mark as a percentage of total revenues. Also, the total losses for the year are now about 50% of the losses experienced during 2020. It is still too early to speculate if Google Cloud will be profitable for 2023, however, it is quite possible that the business will breakeven within the next four quarters.Google Cloud Revenue and Operating Losses TrendTo finalize the Google Cloud discussion, I wanted to show the above graph so that readers can see the revenues and operating losses trends from the trailing 10 quarters. As it can be seen Google Cloud revenues have been steadily growing albeit at a slower rate during the last four quarters. It can also be seen that operating losses are volatile with some quarters experiencing higher losses than other, nonetheless the trend here is that losses are decreasing. Another interesting fact is that Google Cloud has generated revenues for GOOGL amounting to $52.8 billion during the last ten quarters, however operating losses have amounted to $8.5 billion during the same timeframe. On a final note, Google Cloud has not seen a double-digit growth rate on a quarter-on-quarter basis for four quarters now, of course with higher revenues this is more difficult to achieve. It will be interesting to see if growth rates can climb back to the rates it was experiencing two years ago.Comparing Amazon Web Services, Microsoft Intelligent Cloud and Google CloudThroughout the article I have provided insights on how these three businesses have performed on a financial basis and compared their growth rates, operating income margins, etc. Saying these I believe there are a couple interesting topics to help compare these cloud providers. The first one being the global footprint these businesses have, as with a more extensive footprint they will be able to reach more customers around the globe. For example, a noticeable trait where MSFT clearly has a competitive advantage compared to AMZN and GOOGL is the extensive global footprint MSFT has. As mentioned earlier Microsoft Azure has 60 geographic regions globally, this is significantly bigger numbers than AMZN and GOOGL which both have half of the geographic regions MSFT enjoys of. This extensive global footprint by MSFT was probably a driver for acquiring more customers worldwide. AMZN is clearly trying to catch up, announcing investments in 15 more availability zones and 5 more AWS regions. We can expect Google Cloud to make similar investments in order not to fall behind.Another great topic to discuss, is how these three companies are trying to get as many customers as possible, however it seems that the true gains that really move the needle are customers which are big companies. It is here where the cloud providers can derive significant bigger tickets and drive revenue growth. As an example, according to consultancy firm Contino, Netflix was said to be one of AMZN biggest spenders in the cloud with about $19 million back in 2020. A customer with this ticket size is really what moves the needle for these companies. As for MSFT, its biggest customer back in 2020 was Verizon with a ticket size of $80 million. Similarly, one of Google Cloud's biggest customers back in 2020 was NewsCorp deriving revenues of $41 million. Of course much has changed since 2020, however this can give a feel of how important big spenders are for these cloud providers.Finally, these companies are also trying to consolidate the market by acquiring companies in the space. For example during 2022, both MSFT and GOOGL made significant acquisition to bolster their cloud businesses. MSFT closed its $19.6 billion acquisition of Nuance Communications, while GOOGL closed it $5.4 billion acquisition of Mandiant. It should not come as a surprise if we keep seeing news of cloud computing companies being captured by these three leaders in the space.Cloud Computing Market OutlookBased on the comparative analysis of these three companies, it's clear that both AMZN and MSFT will increasingly depend on their cloud businesses to accelerate their revenue growth and earnings. At the same time, GOOGL will try to bolster its cloud segment and seek to become profitable. Despite being the clear leaders in the space, these companies will face robust competition from companies of the likes of IBM, ORCL, CRM, BABA, TCEHY, BIDU, etc.The pie will definitely get bigger with the global cloud computing market projected to reach over $1.2 trillion by 2027. From this, the Chinese cloud computing market alone is set to grow to $84 billion by 2026 and Asia Pacific as a whole is expected to reach $200 billion by 2024. In this region we have strong players such as BABA, TCEHY, BIDU and Huawei vying for market share, and of course we can expect these companies to try to expand their businesses all across the Asia Pacific region. Even though these companies are still relatively small compared to AMZN, GOOGL and MSFT, with time they can grow and start rivaling the US Giants.ConclusionThis article is mainly focused on the three biggest companies in the space, but I hope it brought the readers not only a better understanding of how important cloud computing is to these companies but to all the companies in the space. The cloud computing market truly offers attractive investment opportunities, as things currently stand, I believe MSFT holds a strong competitive advantage compared to most of the companies in the space. The reasons for this are the stable and growing revenues experienced by MSFT cloud computing segment, its high operating margins constantly above 40% as well as its advantage due to its extensive global footprint. This does not mean MSFT is the only investment opportunity, but it provides a certain security factor compared to other companies in the space. I recommend that investors consider looking more deeply into companies in the cloud computing space and consider the potential of gaining exposure to this growing market.Editor's Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.","news_type":1},"isVote":1,"tweetType":1,"viewCount":7,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9957583237,"gmtCreate":1677393856429,"gmtModify":1677393859852,"author":{"id":"4133623950260892","authorId":"4133623950260892","name":"Aidukas","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4133623950260892","authorIdStr":"4133623950260892"},"themes":[],"htmlText":"Goo","listText":"Goo","text":"Goo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":14,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9957583237","repostId":"1117520516","repostType":4,"repost":{"id":"1117520516","kind":"news","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":1677334099,"share":"https://ttm.financial/m/news/1117520516?lang=&edition=fundamental","pubTime":"2023-02-25 22:08","market":"us","language":"en","title":"Buffett’s Annual Letter: Berkshire Will Always Hold a Boatload of Cash and U.S. Treasury Bills","url":"https://stock-news.laohu8.com/highlight/detail?id=1117520516","media":"Tiger Newspress","summary":"Warren Buffett is still betting on America.Stocks and bonds slumped in 2022 after central banks rais","content":"<html><head></head><body><p>Warren Buffett is still betting on America.</p><p>Stocks and bonds slumped in 2022 after central banks raised interest rates at a rapid pace to try to rein in inflation. But Mr. Buffett retained his sense of optimism in his annual letter to investors Saturday, saying he attributes much of his success over the years to the resilience of the U.S. economy.</p><p>“I have been investing for 80 years—more than one-third of our country’s lifetime. Despite our citizens’ penchant—almost enthusiasm—for self-criticism and self-doubt, I have yet to see a time when it made sense to make a long-term bet against America,” Mr. Buffett said in the letter.</p><p>Mr. Buffett, widely regarded as one of the world’s top investors, has been publishing the letters for more than half a century. Over that time, he hasn’t just reflected on the past year for his company, Berkshire Hathaway Inc., but also shared his thoughts on everything from esoteric accounting rules to his aversion to excessive risk-taking.</p><p>Saturday’s letter offered readers a glimpse into how Mr. Buffett, 92, viewed what wound up being a shaky stretch for markets.</p><p>The volatility offered Berkshire an opportunity to jump in and buy stocks. While Berkshire largely bought back its own shares in 2021, it focused more in 2022 on investing in other companies—opening up new positions in media company Paramount Global and building-materials manufacturer Louisiana-Pacific Corp., among other businesses, and swiftly becoming Occidental Petroleum Corp.’s single biggest shareholder.</p><p>As of the end of 2022, Berkshire was the largest shareholder of eight companies—American Express Co., Bank of America Corp., Chevron Corp., Coca-Cola Co., HP Inc., Moody’s Corp., Occidental and Paramount Global.</p><p>“America would have done fine without Berkshire. The reverse is not true,” Mr. Buffett said.</p><p>Berkshire also released its results for 2022 on Saturday.</p><p>The Omaha, Neb., company, which owns businesses including insurer Geico, railroad BNSF Railway and chocolate maker See’s Candies, posted a loss of $22.82 billion for the year, stung by $67.9 billion in investment and derivative contract losses. In 2021, Berkshire posted a profit of $90.8 billion.</p><p>Total revenue rose 9.4% to $302.1 billion.</p><p>Berkshire’s operating earnings, which exclude some investment results, rose to a record $30.8 billion.</p><p>Mr. Buffett, Berkshire’s chief executive, has long held that operating earnings are a better reflection of how Berkshire is doing, since accounting rules require the company to include unrealized gains and losses from its massive investment portfolio in its net income. Volatile markets can make Berkshire’s net income change substantially from quarter to quarter, regardless of how its underlying businesses are doing.</p><p>“Capital gains, to be sure, have been hugely important to Berkshire over past decades, and we expect them to be meaningfully positive in future decades,” Mr. Buffett said in his letter. “But their quarter-by-quarter gyrations, regularly and mindlessly headlined by media, totally misinform investors,” he said, adding that he and his right-hand man Charlie Munger urged shareholders to focus instead on Berkshire’s operating earnings, which rose to a record for the full year in 2022.</p><h2>Read the full letter here:</h2><p>To the Shareholders of Berkshire Hathaway Inc.:</p><p>Charlie Munger, my long-time partner, and I have the job of managing the savings of a great number of individuals. We are grateful for their enduring trust, a relationship that often spans much of their adult lifetime. It is those dedicated savers that are forefront in my mind as I write this letter.</p><p>A common belief is that people choose to save when young, expecting thereby to maintain their living standards after retirement. Any assets that remain at death, this theory says, will usually be left to their families or, possibly, to friends and philanthropy.</p><p>Our experience has differed. We believe Berkshire’s individual holders largely to be of the once-a-saver, always-a-saver variety. Though these people live well, they eventually dispense most of their funds to philanthropic organizations. These, in turn, redistribute the funds by expenditures intended to improve the lives of a great many people who are unrelated to the original benefactor. Sometimes, the results have been spectacular.</p><p>The disposition of money unmasks humans. Charlie and I watch with pleasure the vast flow of Berkshire-generated funds to public needs and, alongside, the infrequency with which our shareholders opt for look-at-me assets and dynasty-building.</p><p>Who wouldn’t enjoy working for shareholders like ours?</p><h2>What We Do</h2><p>Charlie and I allocate your savings at Berkshire between two related forms of ownership. First, we invest in businesses that we control, usually buying 100% of each. Berkshire directs capital allocation at these subsidiaries and selects the CEOs who make day-by-day operating decisions. When large enterprises are being managed, both trust and rules are essential. Berkshire emphasizes the former to an unusual – some would say extreme – degree. Disappointments are inevitable. We are understanding about business mistakes; our tolerance for personal misconduct is zero.</p><p>In our second category of ownership, we buy publicly-traded stocks through which we passively own pieces of businesses. Holding these investments, we have no say in management.</p><p>Our goal in both forms of ownership is to make meaningful investments in businesses with both long-lasting favorable economic characteristics and trustworthy managers. Please note particularly that we own publicly-traded stocks based on our expectations about their long-term business performance, not because we view them as vehicles for adroit purchases and sales. That point is crucial: Charlie and I are not stock-pickers; we are business-pickers.</p><p>Over the years, I have made many mistakes. Consequently, our extensive collection of businesses currently consists of a few enterprises that have truly extraordinary economics, many that enjoy very good economic characteristics, and a large group that are marginal. Along the way, other businesses in which I have invested have died, their products unwanted by the public. Capitalism has two sides: The system creates an ever-growing pile of losers while concurrently delivering a gusher of improved goods and services. Schumpeter called this phenomenon “creative destruction.”</p><p>One advantage of our publicly-traded segment is that – episodically – it becomes easy to buy pieces of wonderful businesses at wonderful prices. It’s crucial to understand that stocks often trade at truly foolish prices, both high and low. “Efficient” markets exist only in textbooks. In truth, marketable stocks and bonds are baffling, their behavior usually understandable only in retrospect.</p><p>Controlled businesses are a different breed. They sometimes command ridiculously higher prices than justified but are almost never available at bargain valuations. Unless under duress, the owner of a controlled business gives no thought to selling at a panic-type valuation.</p><p>* * * * * * * * * * * *</p><p>At this point, a report card from me is appropriate: In 58 years of Berkshire management, most of my capital-allocation decisions have been no better than so-so. In some cases, also, bad moves by me have been rescued by very large doses of luck. (Remember our escapes from near-disasters at USAir and Salomon? I certainly do.)</p><p>Our satisfactory results have been the product of about a dozen truly good decisions – that would be about one every five years – and a sometimes-forgotten advantage that favors long-term investors such as Berkshire. Let’s take a peek behind the curtain.</p><h2>The Secret Sauce</h2><p>In August 1994 – yes, 1994 – Berkshire completed its seven-year purchase of the 400 million shares of Coca-Cola we now own. The total cost was $1.3 billion – then a very meaningful sum at Berkshire.</p><p>The cash dividend we received from Coke in 1994 was $75 million. By 2022, the dividend had increased to $704 million. Growth occurred every year, just as certain as birthdays. All Charlie and I were required to do was cash Coke’s quarterly dividend checks. We expect that those checks are highly likely to grow.</p><p>American Express is much the same story. Berkshire’s purchases of Amex were essentially completed in 1995 and, coincidentally, also cost $1.3 billion. Annual dividends received from this investment have grown from $41 million to $302 million. Those checks, too, seem highly likely to increase.</p><p>These dividend gains, though pleasing, are far from spectacular. But they bring with them important gains in stock prices. At yearend, our Coke investment was valued at $25 billion while Amex was recorded at $22 billion. Each holding now accounts for roughly 5% of Berkshire’s net worth, akin to its weighting long ago.</p><p>Assume, for a moment, I had made a similarly-sized investment mistake in the 1990s, one that flat-lined and simply retained its $1.3 billion value in 2022. (An example would be a high-grade 30-year bond.) That disappointing investment would now represent an insignificant 0.3% of Berkshire’s net worth and would be delivering to us an unchanged $80 million or so of annual income.</p><p>The lesson for investors: The weeds wither away in significance as the flowers bloom. Over time, it takes just a few winners to work wonders. And, yes, it helps to start early and live into your 90s as well.</p><h2>The Past Year in Brief</h2><p>Berkshire had a good year in 2022. The company’s operating earnings – our term for income calculated using Generally Accepted Accounting Principles (“GAAP”), exclusive of capital gains or losses from equity holdings – set a record at $30.8 billion. Charlie and I focus on this operational figure and urge you to do so as well. The GAAP figure, absent our adjustment, fluctuates wildly and capriciously at every reporting date. Note its acrobatic behavior in 2022, which is in no way unusual:</p><p><img src=\"https://static.tigerbbs.com/69e74650656620f9fa3f1e55c15a90e5\" tg-width=\"797\" tg-height=\"207\" width=\"100%\" height=\"auto\"/></p><p>The GAAP earnings are 100% misleading when viewed quarterly or even annually. Capital gains, to be sure, have been hugely important to Berkshire over past decades, and we expect them to be meaningfully positive in future decades. But their quarter-by-quarter gyrations, regularly and mindlessly headlined by media, totally misinform investors.</p><p>A second positive development for Berkshire last year was our purchase of Alleghany Corporation, a property-casualty insurer captained by Joe Brandon. I’ve worked with Joe in the past, and he understands both Berkshire  and insurance. Alleghany delivers special value to us because Berkshire’s unmatched financial strength allows its insurance subsidiaries to follow valuable and enduring investment strategies unavailable to virtually all competitors.</p><p>Aided by Alleghany, our insurance float increased during 2022 from $147 billion to $164 billion. With disciplined underwriting, these funds have a decent chance of being cost-free over time. Since purchasing our first property-casualty insurer in 1967, Berkshire’s float has increased 8,000-fold through acquisitions, operations and innovations. Though not recognized in our financial statements, this float has been an extraordinary asset for Berkshire. New shareholders can get an understanding of its value by reading our annually updated explanation of float on page A-2.</p><p>* * * * * * * * * * * *</p><p>A very minor gain in per-share intrinsic value took place in 2022 through Berkshire share repurchases as well as similar moves at Apple and American Express, both significant investees of ours. At Berkshire, we directly increased your interest in our unique collection of businesses by repurchasing 1.2% of the company’s outstanding shares. At Apple and Amex, repurchases increased Berkshire’s ownership a bit without any cost to us.</p><p>The math isn’t complicated: When the share count goes down, your interest in our many businesses goes up. Every small bit helps if repurchases are made at value-accretive prices. Just as surely, when a company overpays for repurchases, the continuing shareholders lose. At such times, gains flow only to the selling shareholders and to the friendly, but expensive, investment banker who recommended the foolish purchases.</p><p>Gains from value-accretive repurchases, it should be emphasized, benefit all owners – in every respect. Imagine, if you will, three fully-informed shareholders of a local auto dealership, one of whom manages the business. Imagine, further, that one of the passive owners wishes to sell his interest back to the company at a price attractive to the two continuing shareholders. When completed, has this transaction harmed anyone? Is the manager somehow favored over the continuing passive owners? Has the public been hurt?</p><p>When you are told that all repurchases are harmful to shareholders or to the country, or particularly beneficial to CEOs, you are listening to either an economic illiterate or a silver-tongued demagogue (characters that are not mutually exclusive).</p><p>Almost endless details of Berkshire’s 2022 operations are laid out on pages K-33 – K-66. Charlie and I, along with many Berkshire shareholders, enjoy poring over the many facts and figures laid out in that section. These pages are not, however, required reading. There are many Berkshire centimillionaires and, yes, billionaires who have never studied our financial figures. They simply know that Charlie and I – along with our families and close friends – continue to have very significant investments in Berkshire, and they trust us to treat their money as we do our own.</p><p>And that is a promise we can make.</p><p>* * * * * * * * * * * *</p><p>Finally, an important warning: Even the operating earnings figure that we favor can easily be manipulated by managers who wish to do so. Such tampering is often thought of as sophisticated by CEOs, directors and their advisors. Reporters and analysts embrace its existence as well. Beating “expectations” is heralded as a managerial triumph.</p><p>That activity is disgusting. It requires no talent to manipulate numbers: Only a deep desire to deceive is required. “Bold imaginative accounting,” as a CEO once described his deception to me, has become one of the shames of capitalism.</p><h2>58 Years – and a Few Figures</h2><p>In 1965, Berkshire was a one-trick pony, the owner of a venerable – but doomed – New England textile operation. With that business on a death march, Berkshire needed an immediate fresh start. Looking back, I was slow to recognize the severity of its problems.</p><p>And then came a stroke of good luck: National Indemnity became available in 1967, and we shifted our resources toward insurance and other non-textile operations.</p><p>Thus began our journey to 2023, a bumpy road involving a combination of continuous savings by our owners (that is, by their retaining earnings), the power of compounding, our avoidance of major mistakes and – most important of all – the American Tailwind. America would have done fine without Berkshire. The reverse is not true.</p><p>Berkshire now enjoys major ownership in an unmatched collection of huge and diversified businesses. Let’s first look at the 5,000 or so publicly-held companies that trade daily on NASDAQ, the NYSE and related venues. Within this group is housed the members of the S&amp;P 500 Index, an elite collection of large and well-known American companies.</p><p>In aggregate, the 500 earned $1.8 trillion in 2021. I don’t yet have the final results for 2022. Using, therefore, the 2021 figures, only 128 of the 500 (including Berkshire itself) earned $3 billion or more. Indeed, 23 lost money.</p><p>At yearend 2022, Berkshire was the largest owner of eight of these giants: American Express, Bank of America, Chevron, Coca-Cola, HP Inc., Moody’s, Occidental Petroleum and Paramount Global.</p><p>In addition to those eight investees, Berkshire owns 100% of BNSF and 92% of BH Energy, each with earnings that exceed the $3 billion mark noted above ($5.9 billion at BNSF and</p><p>$4.3 billion at BHE). Were these companies publicly-owned, they would replace two present members of the 500. All told, our ten controlled and non-controlled behemoths leave Berkshire more broadly aligned with the country’s economic future than is the case at any other U.S. company. (This calculation leaves aside “fiduciary” operations such as pension funds and investment companies.) In addition, Berkshire’s insurance operation, though conducted through many individually-managed subsidiaries, has a value comparable to BNSF or BHE.</p><p>As for the future, Berkshire will always hold a boatload of cash and U.S. Treasury bills along with a wide array of businesses. We will also avoid behavior that could result in any uncomfortable cash needs at inconvenient times, including financial panics and unprecedented insurance losses. Our CEO will always be the Chief Risk Officer – a task it is irresponsible to delegate. Additionally, our future CEOs will have a significant part of their net worth in Berkshire shares, bought with their own money. And yes, our shareholders will continue to save and prosper by retaining earnings.</p><p>At Berkshire, there will be no finish line.</p><h2>Some Surprising Facts About Federal Taxes</h2><p>During the decade ending in 2021, the United States Treasury received about $32.3 trillion in taxes while it spent $43.9 trillion.</p><p>Though economists, politicians and many of the public have opinions about the consequences of that huge imbalance, Charlie and I plead ignorance and firmly believe that near-term economic and market forecasts are worse than useless. Our job is to manage Berkshire’s operations and finances in a manner that will achieve an acceptable result over time and that will preserve the company’s unmatched staying power when financial panics or severe worldwide recessions occur. Berkshire also offers some modest protection from runaway inflation, but this attribute is far from perfect. Huge and entrenched fiscal deficits have consequences.</p><p>The $32 trillion of revenue was garnered by the Treasury through individual income taxes (48%), social security and related receipts (3412%), corporate income tax payments (812%) and a wide variety of lesser levies. Berkshire’s contribution via the corporate income tax was $32 billion during the decade, almost exactly a tenth of 1% of all money that the Treasury collected.</p><p>And that means – brace yourself – had there been roughly 1,000 taxpayers in the U.S. matching Berkshire’s payments, no other businesses nor any of the country’s 131 million households would have needed to pay any taxes to the federal government. Not a dime.</p><p>* * * * * * * * * * * *</p><p>Millions, billions, trillions – we all know the words, but the sums involved are almost impossible to comprehend. Let’s put physical dimensions to the numbers:</p><p>- If you convert $1 million into newly-printed $100 bills, you will have a stack that reaches your chest.</p><p>- Perform the same exercise with $1 billion – this is getting exciting! – and the stack reaches about 34 of a mile into the sky.</p><p>- Finally, imagine piling up $32 billion, the total of Berkshire’s 2012-21 federal income tax payments. Now the stack grows to more than 21 miles in height, about three times the level at which commercial airplanes usually cruise.</p><p>When it comes to federal taxes, individuals who own Berkshire can unequivocally state “I gave at the office.”</p><p>* * * * * * * * * * * *</p><p>At Berkshire we hope and expect to pay much more in taxes during the next decade. We owe the country no less: America’s dynamism has made a huge contribution to whatever success Berkshire has achieved – a contribution Berkshire will always need. We count on the American Tailwind and, though it has been becalmed from time to time, its propelling force has always returned.</p><p>I have been investing for 80 years – more than one-third of our country’s lifetime. Despite our citizens’ penchant – almost enthusiasm – for self-criticism and self-doubt, I have yet to see a time when it made sense to make a long-term bet against America. And I doubt very much that any reader of this letter will have a different experience in the future.</p><h2>Nothing Beats Having a Great Partner</h2><p>Charlie and I think pretty much alike. But what it takes me a page to explain, he sums up in a sentence. His version, moreover, is always more clearly reasoned and also more artfully – some might add bluntly – stated.</p><p>Here are a few of his thoughts, many lifted from a very recent podcast:</p><p>- The world is full of foolish gamblers, and they will not do as well as the patient investor.</p><p>- If you don’t see the world the way it is, it’s like judging something through a distorted lens.</p><p>- All I want to know is where I’m going to die, so I’ll never go there. And a related thought: Early on, write your desired obituary – and then behave accordingly.</p><p>- If you don’t care whether you are rational or not, you won’t work on it. Then you will stay irrational and get lousy results.</p><p>- Patience can be learned. Having a long attention span and the ability to concentrate on one thing for a long time is a huge advantage.</p><p>- You can learn a lot from dead people. Read of the deceased you admire and detest.</p><p>- Don’t bail away in a sinking boat if you can swim to one that is seaworthy.</p><p>- A great company keeps working after you are not; a mediocre company won’t do that.</p><p>- Warren and I don’t focus on the froth of the market. We seek out good long-term investments and stubbornly hold them for a long time.</p><p>- Ben Graham said, “Day to day, the stock market is a voting machine; in the long term it’s a weighing machine.” If you keep making something more valuable, then some wise person is going to notice it and start buying.</p><p>- There is no such thing as a 100% sure thing when investing. Thus, the use of leverage is dangerous. A string of wonderful numbers times zero will always equal zero. Don’t count on getting rich twice.</p><p>- You don’t, however, need to own a lot of things in order to get rich.</p><p>- You have to keep learning if you want to become a great investor. When the world changes, you must change.</p><p>- Warren and I hated railroad stocks for decades, but the world changed and finally the country had four huge railroads of vital importance to the American economy. We were slow to recognize the change, but better late than never.</p><p>- Finally, I will add two short sentences by Charlie that have been his decision-clinchers for decades: “Warren, think more about it. You’re smart and I’m right.”</p><p>And so it goes. I never have a phone call with Charlie without learning something. And, while he makes me think, he also makes me laugh.</p><p>* * * * * * * * * * * *</p><p>I will add to Charlie’s list a rule of my own:   Find   a   very   smart   high-grade partner – preferably slightly older than you – and then listen very carefully to what he says.</p><h2>A Family Gathering in Omaha</h2><p>Charlie and I are shameless. Last year, at our first shareholder get-together in three years, we greeted you with our usual commercial hustle.</p><p>From the opening bell, we went straight for your wallet. In short order, our See’s kiosk sold you eleven tons of nourishing peanut brittle and chocolates. In our P.T. Barnum pitch, we promised you longevity. After all, what else but candy from See’s could account for Charlie and me making it to 99 and 92?</p><p>I know you can’t wait to hear the specifics of last year’s hustle.</p><p>On Friday, the doors were open from noon until 5 p.m., and our candy counters rang up 2,690 individual sales. On Saturday, See’s registered an additional 3,931 transactions between 7 a.m. and 4:30 p.m., despite the fact that 612 of the 912 operating hours occurred while our movie and the question-and-answer session were limiting commercial traffic.</p><p>Do the math: See’s rang up about 10 sales per minute during its prime operating time (racking up $400,309 of volume during the two days), with all the goods purchased at a single location selling products that haven’t been materially altered in 101 years. What worked for See’s in the days of Henry Ford’s model T works now.</p><p>* * * * * * * * * * * *</p><p>Charlie, I, and the entire Berkshire bunch look forward to seeing you in Omaha on May 5-6. We will have a good time and so will you.</p><p>February 25, 2023 Warren E. Buffett </p><p>Chairman of the Board</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>Buffett’s Annual Letter: Berkshire Will Always Hold a Boatload of Cash and U.S. Treasury Bills</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\">\nBuffett’s Annual Letter: Berkshire Will Always Hold a Boatload of Cash and U.S. Treasury Bills\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\">2023-02-25 22:08</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Warren Buffett is still betting on America.</p><p>Stocks and bonds slumped in 2022 after central banks raised interest rates at a rapid pace to try to rein in inflation. But Mr. Buffett retained his sense of optimism in his annual letter to investors Saturday, saying he attributes much of his success over the years to the resilience of the U.S. economy.</p><p>“I have been investing for 80 years—more than one-third of our country’s lifetime. Despite our citizens’ penchant—almost enthusiasm—for self-criticism and self-doubt, I have yet to see a time when it made sense to make a long-term bet against America,” Mr. Buffett said in the letter.</p><p>Mr. Buffett, widely regarded as one of the world’s top investors, has been publishing the letters for more than half a century. Over that time, he hasn’t just reflected on the past year for his company, Berkshire Hathaway Inc., but also shared his thoughts on everything from esoteric accounting rules to his aversion to excessive risk-taking.</p><p>Saturday’s letter offered readers a glimpse into how Mr. Buffett, 92, viewed what wound up being a shaky stretch for markets.</p><p>The volatility offered Berkshire an opportunity to jump in and buy stocks. While Berkshire largely bought back its own shares in 2021, it focused more in 2022 on investing in other companies—opening up new positions in media company Paramount Global and building-materials manufacturer Louisiana-Pacific Corp., among other businesses, and swiftly becoming Occidental Petroleum Corp.’s single biggest shareholder.</p><p>As of the end of 2022, Berkshire was the largest shareholder of eight companies—American Express Co., Bank of America Corp., Chevron Corp., Coca-Cola Co., HP Inc., Moody’s Corp., Occidental and Paramount Global.</p><p>“America would have done fine without Berkshire. The reverse is not true,” Mr. Buffett said.</p><p>Berkshire also released its results for 2022 on Saturday.</p><p>The Omaha, Neb., company, which owns businesses including insurer Geico, railroad BNSF Railway and chocolate maker See’s Candies, posted a loss of $22.82 billion for the year, stung by $67.9 billion in investment and derivative contract losses. In 2021, Berkshire posted a profit of $90.8 billion.</p><p>Total revenue rose 9.4% to $302.1 billion.</p><p>Berkshire’s operating earnings, which exclude some investment results, rose to a record $30.8 billion.</p><p>Mr. Buffett, Berkshire’s chief executive, has long held that operating earnings are a better reflection of how Berkshire is doing, since accounting rules require the company to include unrealized gains and losses from its massive investment portfolio in its net income. Volatile markets can make Berkshire’s net income change substantially from quarter to quarter, regardless of how its underlying businesses are doing.</p><p>“Capital gains, to be sure, have been hugely important to Berkshire over past decades, and we expect them to be meaningfully positive in future decades,” Mr. Buffett said in his letter. “But their quarter-by-quarter gyrations, regularly and mindlessly headlined by media, totally misinform investors,” he said, adding that he and his right-hand man Charlie Munger urged shareholders to focus instead on Berkshire’s operating earnings, which rose to a record for the full year in 2022.</p><h2>Read the full letter here:</h2><p>To the Shareholders of Berkshire Hathaway Inc.:</p><p>Charlie Munger, my long-time partner, and I have the job of managing the savings of a great number of individuals. We are grateful for their enduring trust, a relationship that often spans much of their adult lifetime. It is those dedicated savers that are forefront in my mind as I write this letter.</p><p>A common belief is that people choose to save when young, expecting thereby to maintain their living standards after retirement. Any assets that remain at death, this theory says, will usually be left to their families or, possibly, to friends and philanthropy.</p><p>Our experience has differed. We believe Berkshire’s individual holders largely to be of the once-a-saver, always-a-saver variety. Though these people live well, they eventually dispense most of their funds to philanthropic organizations. These, in turn, redistribute the funds by expenditures intended to improve the lives of a great many people who are unrelated to the original benefactor. Sometimes, the results have been spectacular.</p><p>The disposition of money unmasks humans. Charlie and I watch with pleasure the vast flow of Berkshire-generated funds to public needs and, alongside, the infrequency with which our shareholders opt for look-at-me assets and dynasty-building.</p><p>Who wouldn’t enjoy working for shareholders like ours?</p><h2>What We Do</h2><p>Charlie and I allocate your savings at Berkshire between two related forms of ownership. First, we invest in businesses that we control, usually buying 100% of each. Berkshire directs capital allocation at these subsidiaries and selects the CEOs who make day-by-day operating decisions. When large enterprises are being managed, both trust and rules are essential. Berkshire emphasizes the former to an unusual – some would say extreme – degree. Disappointments are inevitable. We are understanding about business mistakes; our tolerance for personal misconduct is zero.</p><p>In our second category of ownership, we buy publicly-traded stocks through which we passively own pieces of businesses. Holding these investments, we have no say in management.</p><p>Our goal in both forms of ownership is to make meaningful investments in businesses with both long-lasting favorable economic characteristics and trustworthy managers. Please note particularly that we own publicly-traded stocks based on our expectations about their long-term business performance, not because we view them as vehicles for adroit purchases and sales. That point is crucial: Charlie and I are not stock-pickers; we are business-pickers.</p><p>Over the years, I have made many mistakes. Consequently, our extensive collection of businesses currently consists of a few enterprises that have truly extraordinary economics, many that enjoy very good economic characteristics, and a large group that are marginal. Along the way, other businesses in which I have invested have died, their products unwanted by the public. Capitalism has two sides: The system creates an ever-growing pile of losers while concurrently delivering a gusher of improved goods and services. Schumpeter called this phenomenon “creative destruction.”</p><p>One advantage of our publicly-traded segment is that – episodically – it becomes easy to buy pieces of wonderful businesses at wonderful prices. It’s crucial to understand that stocks often trade at truly foolish prices, both high and low. “Efficient” markets exist only in textbooks. In truth, marketable stocks and bonds are baffling, their behavior usually understandable only in retrospect.</p><p>Controlled businesses are a different breed. They sometimes command ridiculously higher prices than justified but are almost never available at bargain valuations. Unless under duress, the owner of a controlled business gives no thought to selling at a panic-type valuation.</p><p>* * * * * * * * * * * *</p><p>At this point, a report card from me is appropriate: In 58 years of Berkshire management, most of my capital-allocation decisions have been no better than so-so. In some cases, also, bad moves by me have been rescued by very large doses of luck. (Remember our escapes from near-disasters at USAir and Salomon? I certainly do.)</p><p>Our satisfactory results have been the product of about a dozen truly good decisions – that would be about one every five years – and a sometimes-forgotten advantage that favors long-term investors such as Berkshire. Let’s take a peek behind the curtain.</p><h2>The Secret Sauce</h2><p>In August 1994 – yes, 1994 – Berkshire completed its seven-year purchase of the 400 million shares of Coca-Cola we now own. The total cost was $1.3 billion – then a very meaningful sum at Berkshire.</p><p>The cash dividend we received from Coke in 1994 was $75 million. By 2022, the dividend had increased to $704 million. Growth occurred every year, just as certain as birthdays. All Charlie and I were required to do was cash Coke’s quarterly dividend checks. We expect that those checks are highly likely to grow.</p><p>American Express is much the same story. Berkshire’s purchases of Amex were essentially completed in 1995 and, coincidentally, also cost $1.3 billion. Annual dividends received from this investment have grown from $41 million to $302 million. Those checks, too, seem highly likely to increase.</p><p>These dividend gains, though pleasing, are far from spectacular. But they bring with them important gains in stock prices. At yearend, our Coke investment was valued at $25 billion while Amex was recorded at $22 billion. Each holding now accounts for roughly 5% of Berkshire’s net worth, akin to its weighting long ago.</p><p>Assume, for a moment, I had made a similarly-sized investment mistake in the 1990s, one that flat-lined and simply retained its $1.3 billion value in 2022. (An example would be a high-grade 30-year bond.) That disappointing investment would now represent an insignificant 0.3% of Berkshire’s net worth and would be delivering to us an unchanged $80 million or so of annual income.</p><p>The lesson for investors: The weeds wither away in significance as the flowers bloom. Over time, it takes just a few winners to work wonders. And, yes, it helps to start early and live into your 90s as well.</p><h2>The Past Year in Brief</h2><p>Berkshire had a good year in 2022. The company’s operating earnings – our term for income calculated using Generally Accepted Accounting Principles (“GAAP”), exclusive of capital gains or losses from equity holdings – set a record at $30.8 billion. Charlie and I focus on this operational figure and urge you to do so as well. The GAAP figure, absent our adjustment, fluctuates wildly and capriciously at every reporting date. Note its acrobatic behavior in 2022, which is in no way unusual:</p><p><img src=\"https://static.tigerbbs.com/69e74650656620f9fa3f1e55c15a90e5\" tg-width=\"797\" tg-height=\"207\" width=\"100%\" height=\"auto\"/></p><p>The GAAP earnings are 100% misleading when viewed quarterly or even annually. Capital gains, to be sure, have been hugely important to Berkshire over past decades, and we expect them to be meaningfully positive in future decades. But their quarter-by-quarter gyrations, regularly and mindlessly headlined by media, totally misinform investors.</p><p>A second positive development for Berkshire last year was our purchase of Alleghany Corporation, a property-casualty insurer captained by Joe Brandon. I’ve worked with Joe in the past, and he understands both Berkshire  and insurance. Alleghany delivers special value to us because Berkshire’s unmatched financial strength allows its insurance subsidiaries to follow valuable and enduring investment strategies unavailable to virtually all competitors.</p><p>Aided by Alleghany, our insurance float increased during 2022 from $147 billion to $164 billion. With disciplined underwriting, these funds have a decent chance of being cost-free over time. Since purchasing our first property-casualty insurer in 1967, Berkshire’s float has increased 8,000-fold through acquisitions, operations and innovations. Though not recognized in our financial statements, this float has been an extraordinary asset for Berkshire. New shareholders can get an understanding of its value by reading our annually updated explanation of float on page A-2.</p><p>* * * * * * * * * * * *</p><p>A very minor gain in per-share intrinsic value took place in 2022 through Berkshire share repurchases as well as similar moves at Apple and American Express, both significant investees of ours. At Berkshire, we directly increased your interest in our unique collection of businesses by repurchasing 1.2% of the company’s outstanding shares. At Apple and Amex, repurchases increased Berkshire’s ownership a bit without any cost to us.</p><p>The math isn’t complicated: When the share count goes down, your interest in our many businesses goes up. Every small bit helps if repurchases are made at value-accretive prices. Just as surely, when a company overpays for repurchases, the continuing shareholders lose. At such times, gains flow only to the selling shareholders and to the friendly, but expensive, investment banker who recommended the foolish purchases.</p><p>Gains from value-accretive repurchases, it should be emphasized, benefit all owners – in every respect. Imagine, if you will, three fully-informed shareholders of a local auto dealership, one of whom manages the business. Imagine, further, that one of the passive owners wishes to sell his interest back to the company at a price attractive to the two continuing shareholders. When completed, has this transaction harmed anyone? Is the manager somehow favored over the continuing passive owners? Has the public been hurt?</p><p>When you are told that all repurchases are harmful to shareholders or to the country, or particularly beneficial to CEOs, you are listening to either an economic illiterate or a silver-tongued demagogue (characters that are not mutually exclusive).</p><p>Almost endless details of Berkshire’s 2022 operations are laid out on pages K-33 – K-66. Charlie and I, along with many Berkshire shareholders, enjoy poring over the many facts and figures laid out in that section. These pages are not, however, required reading. There are many Berkshire centimillionaires and, yes, billionaires who have never studied our financial figures. They simply know that Charlie and I – along with our families and close friends – continue to have very significant investments in Berkshire, and they trust us to treat their money as we do our own.</p><p>And that is a promise we can make.</p><p>* * * * * * * * * * * *</p><p>Finally, an important warning: Even the operating earnings figure that we favor can easily be manipulated by managers who wish to do so. Such tampering is often thought of as sophisticated by CEOs, directors and their advisors. Reporters and analysts embrace its existence as well. Beating “expectations” is heralded as a managerial triumph.</p><p>That activity is disgusting. It requires no talent to manipulate numbers: Only a deep desire to deceive is required. “Bold imaginative accounting,” as a CEO once described his deception to me, has become one of the shames of capitalism.</p><h2>58 Years – and a Few Figures</h2><p>In 1965, Berkshire was a one-trick pony, the owner of a venerable – but doomed – New England textile operation. With that business on a death march, Berkshire needed an immediate fresh start. Looking back, I was slow to recognize the severity of its problems.</p><p>And then came a stroke of good luck: National Indemnity became available in 1967, and we shifted our resources toward insurance and other non-textile operations.</p><p>Thus began our journey to 2023, a bumpy road involving a combination of continuous savings by our owners (that is, by their retaining earnings), the power of compounding, our avoidance of major mistakes and – most important of all – the American Tailwind. America would have done fine without Berkshire. The reverse is not true.</p><p>Berkshire now enjoys major ownership in an unmatched collection of huge and diversified businesses. Let’s first look at the 5,000 or so publicly-held companies that trade daily on NASDAQ, the NYSE and related venues. Within this group is housed the members of the S&amp;P 500 Index, an elite collection of large and well-known American companies.</p><p>In aggregate, the 500 earned $1.8 trillion in 2021. I don’t yet have the final results for 2022. Using, therefore, the 2021 figures, only 128 of the 500 (including Berkshire itself) earned $3 billion or more. Indeed, 23 lost money.</p><p>At yearend 2022, Berkshire was the largest owner of eight of these giants: American Express, Bank of America, Chevron, Coca-Cola, HP Inc., Moody’s, Occidental Petroleum and Paramount Global.</p><p>In addition to those eight investees, Berkshire owns 100% of BNSF and 92% of BH Energy, each with earnings that exceed the $3 billion mark noted above ($5.9 billion at BNSF and</p><p>$4.3 billion at BHE). Were these companies publicly-owned, they would replace two present members of the 500. All told, our ten controlled and non-controlled behemoths leave Berkshire more broadly aligned with the country’s economic future than is the case at any other U.S. company. (This calculation leaves aside “fiduciary” operations such as pension funds and investment companies.) In addition, Berkshire’s insurance operation, though conducted through many individually-managed subsidiaries, has a value comparable to BNSF or BHE.</p><p>As for the future, Berkshire will always hold a boatload of cash and U.S. Treasury bills along with a wide array of businesses. We will also avoid behavior that could result in any uncomfortable cash needs at inconvenient times, including financial panics and unprecedented insurance losses. Our CEO will always be the Chief Risk Officer – a task it is irresponsible to delegate. Additionally, our future CEOs will have a significant part of their net worth in Berkshire shares, bought with their own money. And yes, our shareholders will continue to save and prosper by retaining earnings.</p><p>At Berkshire, there will be no finish line.</p><h2>Some Surprising Facts About Federal Taxes</h2><p>During the decade ending in 2021, the United States Treasury received about $32.3 trillion in taxes while it spent $43.9 trillion.</p><p>Though economists, politicians and many of the public have opinions about the consequences of that huge imbalance, Charlie and I plead ignorance and firmly believe that near-term economic and market forecasts are worse than useless. Our job is to manage Berkshire’s operations and finances in a manner that will achieve an acceptable result over time and that will preserve the company’s unmatched staying power when financial panics or severe worldwide recessions occur. Berkshire also offers some modest protection from runaway inflation, but this attribute is far from perfect. Huge and entrenched fiscal deficits have consequences.</p><p>The $32 trillion of revenue was garnered by the Treasury through individual income taxes (48%), social security and related receipts (3412%), corporate income tax payments (812%) and a wide variety of lesser levies. Berkshire’s contribution via the corporate income tax was $32 billion during the decade, almost exactly a tenth of 1% of all money that the Treasury collected.</p><p>And that means – brace yourself – had there been roughly 1,000 taxpayers in the U.S. matching Berkshire’s payments, no other businesses nor any of the country’s 131 million households would have needed to pay any taxes to the federal government. Not a dime.</p><p>* * * * * * * * * * * *</p><p>Millions, billions, trillions – we all know the words, but the sums involved are almost impossible to comprehend. Let’s put physical dimensions to the numbers:</p><p>- If you convert $1 million into newly-printed $100 bills, you will have a stack that reaches your chest.</p><p>- Perform the same exercise with $1 billion – this is getting exciting! – and the stack reaches about 34 of a mile into the sky.</p><p>- Finally, imagine piling up $32 billion, the total of Berkshire’s 2012-21 federal income tax payments. Now the stack grows to more than 21 miles in height, about three times the level at which commercial airplanes usually cruise.</p><p>When it comes to federal taxes, individuals who own Berkshire can unequivocally state “I gave at the office.”</p><p>* * * * * * * * * * * *</p><p>At Berkshire we hope and expect to pay much more in taxes during the next decade. We owe the country no less: America’s dynamism has made a huge contribution to whatever success Berkshire has achieved – a contribution Berkshire will always need. We count on the American Tailwind and, though it has been becalmed from time to time, its propelling force has always returned.</p><p>I have been investing for 80 years – more than one-third of our country’s lifetime. Despite our citizens’ penchant – almost enthusiasm – for self-criticism and self-doubt, I have yet to see a time when it made sense to make a long-term bet against America. And I doubt very much that any reader of this letter will have a different experience in the future.</p><h2>Nothing Beats Having a Great Partner</h2><p>Charlie and I think pretty much alike. But what it takes me a page to explain, he sums up in a sentence. His version, moreover, is always more clearly reasoned and also more artfully – some might add bluntly – stated.</p><p>Here are a few of his thoughts, many lifted from a very recent podcast:</p><p>- The world is full of foolish gamblers, and they will not do as well as the patient investor.</p><p>- If you don’t see the world the way it is, it’s like judging something through a distorted lens.</p><p>- All I want to know is where I’m going to die, so I’ll never go there. And a related thought: Early on, write your desired obituary – and then behave accordingly.</p><p>- If you don’t care whether you are rational or not, you won’t work on it. Then you will stay irrational and get lousy results.</p><p>- Patience can be learned. Having a long attention span and the ability to concentrate on one thing for a long time is a huge advantage.</p><p>- You can learn a lot from dead people. Read of the deceased you admire and detest.</p><p>- Don’t bail away in a sinking boat if you can swim to one that is seaworthy.</p><p>- A great company keeps working after you are not; a mediocre company won’t do that.</p><p>- Warren and I don’t focus on the froth of the market. We seek out good long-term investments and stubbornly hold them for a long time.</p><p>- Ben Graham said, “Day to day, the stock market is a voting machine; in the long term it’s a weighing machine.” If you keep making something more valuable, then some wise person is going to notice it and start buying.</p><p>- There is no such thing as a 100% sure thing when investing. Thus, the use of leverage is dangerous. A string of wonderful numbers times zero will always equal zero. Don’t count on getting rich twice.</p><p>- You don’t, however, need to own a lot of things in order to get rich.</p><p>- You have to keep learning if you want to become a great investor. When the world changes, you must change.</p><p>- Warren and I hated railroad stocks for decades, but the world changed and finally the country had four huge railroads of vital importance to the American economy. We were slow to recognize the change, but better late than never.</p><p>- Finally, I will add two short sentences by Charlie that have been his decision-clinchers for decades: “Warren, think more about it. You’re smart and I’m right.”</p><p>And so it goes. I never have a phone call with Charlie without learning something. And, while he makes me think, he also makes me laugh.</p><p>* * * * * * * * * * * *</p><p>I will add to Charlie’s list a rule of my own:   Find   a   very   smart   high-grade partner – preferably slightly older than you – and then listen very carefully to what he says.</p><h2>A Family Gathering in Omaha</h2><p>Charlie and I are shameless. Last year, at our first shareholder get-together in three years, we greeted you with our usual commercial hustle.</p><p>From the opening bell, we went straight for your wallet. In short order, our See’s kiosk sold you eleven tons of nourishing peanut brittle and chocolates. In our P.T. Barnum pitch, we promised you longevity. After all, what else but candy from See’s could account for Charlie and me making it to 99 and 92?</p><p>I know you can’t wait to hear the specifics of last year’s hustle.</p><p>On Friday, the doors were open from noon until 5 p.m., and our candy counters rang up 2,690 individual sales. On Saturday, See’s registered an additional 3,931 transactions between 7 a.m. and 4:30 p.m., despite the fact that 612 of the 912 operating hours occurred while our movie and the question-and-answer session were limiting commercial traffic.</p><p>Do the math: See’s rang up about 10 sales per minute during its prime operating time (racking up $400,309 of volume during the two days), with all the goods purchased at a single location selling products that haven’t been materially altered in 101 years. What worked for See’s in the days of Henry Ford’s model T works now.</p><p>* * * * * * * * * * * *</p><p>Charlie, I, and the entire Berkshire bunch look forward to seeing you in Omaha on May 5-6. We will have a good time and so will you.</p><p>February 25, 2023 Warren E. Buffett </p><p>Chairman of the Board</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.B":"伯克希尔B","BRK.A":"伯克希尔"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1117520516","content_text":"Warren Buffett is still betting on America.Stocks and bonds slumped in 2022 after central banks raised interest rates at a rapid pace to try to rein in inflation. But Mr. Buffett retained his sense of optimism in his annual letter to investors Saturday, saying he attributes much of his success over the years to the resilience of the U.S. economy.“I have been investing for 80 years—more than one-third of our country’s lifetime. Despite our citizens’ penchant—almost enthusiasm—for self-criticism and self-doubt, I have yet to see a time when it made sense to make a long-term bet against America,” Mr. Buffett said in the letter.Mr. Buffett, widely regarded as one of the world’s top investors, has been publishing the letters for more than half a century. Over that time, he hasn’t just reflected on the past year for his company, Berkshire Hathaway Inc., but also shared his thoughts on everything from esoteric accounting rules to his aversion to excessive risk-taking.Saturday’s letter offered readers a glimpse into how Mr. Buffett, 92, viewed what wound up being a shaky stretch for markets.The volatility offered Berkshire an opportunity to jump in and buy stocks. While Berkshire largely bought back its own shares in 2021, it focused more in 2022 on investing in other companies—opening up new positions in media company Paramount Global and building-materials manufacturer Louisiana-Pacific Corp., among other businesses, and swiftly becoming Occidental Petroleum Corp.’s single biggest shareholder.As of the end of 2022, Berkshire was the largest shareholder of eight companies—American Express Co., Bank of America Corp., Chevron Corp., Coca-Cola Co., HP Inc., Moody’s Corp., Occidental and Paramount Global.“America would have done fine without Berkshire. The reverse is not true,” Mr. Buffett said.Berkshire also released its results for 2022 on Saturday.The Omaha, Neb., company, which owns businesses including insurer Geico, railroad BNSF Railway and chocolate maker See’s Candies, posted a loss of $22.82 billion for the year, stung by $67.9 billion in investment and derivative contract losses. In 2021, Berkshire posted a profit of $90.8 billion.Total revenue rose 9.4% to $302.1 billion.Berkshire’s operating earnings, which exclude some investment results, rose to a record $30.8 billion.Mr. Buffett, Berkshire’s chief executive, has long held that operating earnings are a better reflection of how Berkshire is doing, since accounting rules require the company to include unrealized gains and losses from its massive investment portfolio in its net income. Volatile markets can make Berkshire’s net income change substantially from quarter to quarter, regardless of how its underlying businesses are doing.“Capital gains, to be sure, have been hugely important to Berkshire over past decades, and we expect them to be meaningfully positive in future decades,” Mr. Buffett said in his letter. “But their quarter-by-quarter gyrations, regularly and mindlessly headlined by media, totally misinform investors,” he said, adding that he and his right-hand man Charlie Munger urged shareholders to focus instead on Berkshire’s operating earnings, which rose to a record for the full year in 2022.Read the full letter here:To the Shareholders of Berkshire Hathaway Inc.:Charlie Munger, my long-time partner, and I have the job of managing the savings of a great number of individuals. We are grateful for their enduring trust, a relationship that often spans much of their adult lifetime. It is those dedicated savers that are forefront in my mind as I write this letter.A common belief is that people choose to save when young, expecting thereby to maintain their living standards after retirement. Any assets that remain at death, this theory says, will usually be left to their families or, possibly, to friends and philanthropy.Our experience has differed. We believe Berkshire’s individual holders largely to be of the once-a-saver, always-a-saver variety. Though these people live well, they eventually dispense most of their funds to philanthropic organizations. These, in turn, redistribute the funds by expenditures intended to improve the lives of a great many people who are unrelated to the original benefactor. Sometimes, the results have been spectacular.The disposition of money unmasks humans. Charlie and I watch with pleasure the vast flow of Berkshire-generated funds to public needs and, alongside, the infrequency with which our shareholders opt for look-at-me assets and dynasty-building.Who wouldn’t enjoy working for shareholders like ours?What We DoCharlie and I allocate your savings at Berkshire between two related forms of ownership. First, we invest in businesses that we control, usually buying 100% of each. Berkshire directs capital allocation at these subsidiaries and selects the CEOs who make day-by-day operating decisions. When large enterprises are being managed, both trust and rules are essential. Berkshire emphasizes the former to an unusual – some would say extreme – degree. Disappointments are inevitable. We are understanding about business mistakes; our tolerance for personal misconduct is zero.In our second category of ownership, we buy publicly-traded stocks through which we passively own pieces of businesses. Holding these investments, we have no say in management.Our goal in both forms of ownership is to make meaningful investments in businesses with both long-lasting favorable economic characteristics and trustworthy managers. Please note particularly that we own publicly-traded stocks based on our expectations about their long-term business performance, not because we view them as vehicles for adroit purchases and sales. That point is crucial: Charlie and I are not stock-pickers; we are business-pickers.Over the years, I have made many mistakes. Consequently, our extensive collection of businesses currently consists of a few enterprises that have truly extraordinary economics, many that enjoy very good economic characteristics, and a large group that are marginal. Along the way, other businesses in which I have invested have died, their products unwanted by the public. Capitalism has two sides: The system creates an ever-growing pile of losers while concurrently delivering a gusher of improved goods and services. Schumpeter called this phenomenon “creative destruction.”One advantage of our publicly-traded segment is that – episodically – it becomes easy to buy pieces of wonderful businesses at wonderful prices. It’s crucial to understand that stocks often trade at truly foolish prices, both high and low. “Efficient” markets exist only in textbooks. In truth, marketable stocks and bonds are baffling, their behavior usually understandable only in retrospect.Controlled businesses are a different breed. They sometimes command ridiculously higher prices than justified but are almost never available at bargain valuations. Unless under duress, the owner of a controlled business gives no thought to selling at a panic-type valuation.* * * * * * * * * * * *At this point, a report card from me is appropriate: In 58 years of Berkshire management, most of my capital-allocation decisions have been no better than so-so. In some cases, also, bad moves by me have been rescued by very large doses of luck. (Remember our escapes from near-disasters at USAir and Salomon? I certainly do.)Our satisfactory results have been the product of about a dozen truly good decisions – that would be about one every five years – and a sometimes-forgotten advantage that favors long-term investors such as Berkshire. Let’s take a peek behind the curtain.The Secret SauceIn August 1994 – yes, 1994 – Berkshire completed its seven-year purchase of the 400 million shares of Coca-Cola we now own. The total cost was $1.3 billion – then a very meaningful sum at Berkshire.The cash dividend we received from Coke in 1994 was $75 million. By 2022, the dividend had increased to $704 million. Growth occurred every year, just as certain as birthdays. All Charlie and I were required to do was cash Coke’s quarterly dividend checks. We expect that those checks are highly likely to grow.American Express is much the same story. Berkshire’s purchases of Amex were essentially completed in 1995 and, coincidentally, also cost $1.3 billion. Annual dividends received from this investment have grown from $41 million to $302 million. Those checks, too, seem highly likely to increase.These dividend gains, though pleasing, are far from spectacular. But they bring with them important gains in stock prices. At yearend, our Coke investment was valued at $25 billion while Amex was recorded at $22 billion. Each holding now accounts for roughly 5% of Berkshire’s net worth, akin to its weighting long ago.Assume, for a moment, I had made a similarly-sized investment mistake in the 1990s, one that flat-lined and simply retained its $1.3 billion value in 2022. (An example would be a high-grade 30-year bond.) That disappointing investment would now represent an insignificant 0.3% of Berkshire’s net worth and would be delivering to us an unchanged $80 million or so of annual income.The lesson for investors: The weeds wither away in significance as the flowers bloom. Over time, it takes just a few winners to work wonders. And, yes, it helps to start early and live into your 90s as well.The Past Year in BriefBerkshire had a good year in 2022. The company’s operating earnings – our term for income calculated using Generally Accepted Accounting Principles (“GAAP”), exclusive of capital gains or losses from equity holdings – set a record at $30.8 billion. Charlie and I focus on this operational figure and urge you to do so as well. The GAAP figure, absent our adjustment, fluctuates wildly and capriciously at every reporting date. Note its acrobatic behavior in 2022, which is in no way unusual:The GAAP earnings are 100% misleading when viewed quarterly or even annually. Capital gains, to be sure, have been hugely important to Berkshire over past decades, and we expect them to be meaningfully positive in future decades. But their quarter-by-quarter gyrations, regularly and mindlessly headlined by media, totally misinform investors.A second positive development for Berkshire last year was our purchase of Alleghany Corporation, a property-casualty insurer captained by Joe Brandon. I’ve worked with Joe in the past, and he understands both Berkshire  and insurance. Alleghany delivers special value to us because Berkshire’s unmatched financial strength allows its insurance subsidiaries to follow valuable and enduring investment strategies unavailable to virtually all competitors.Aided by Alleghany, our insurance float increased during 2022 from $147 billion to $164 billion. With disciplined underwriting, these funds have a decent chance of being cost-free over time. Since purchasing our first property-casualty insurer in 1967, Berkshire’s float has increased 8,000-fold through acquisitions, operations and innovations. Though not recognized in our financial statements, this float has been an extraordinary asset for Berkshire. New shareholders can get an understanding of its value by reading our annually updated explanation of float on page A-2.* * * * * * * * * * * *A very minor gain in per-share intrinsic value took place in 2022 through Berkshire share repurchases as well as similar moves at Apple and American Express, both significant investees of ours. At Berkshire, we directly increased your interest in our unique collection of businesses by repurchasing 1.2% of the company’s outstanding shares. At Apple and Amex, repurchases increased Berkshire’s ownership a bit without any cost to us.The math isn’t complicated: When the share count goes down, your interest in our many businesses goes up. Every small bit helps if repurchases are made at value-accretive prices. Just as surely, when a company overpays for repurchases, the continuing shareholders lose. At such times, gains flow only to the selling shareholders and to the friendly, but expensive, investment banker who recommended the foolish purchases.Gains from value-accretive repurchases, it should be emphasized, benefit all owners – in every respect. Imagine, if you will, three fully-informed shareholders of a local auto dealership, one of whom manages the business. Imagine, further, that one of the passive owners wishes to sell his interest back to the company at a price attractive to the two continuing shareholders. When completed, has this transaction harmed anyone? Is the manager somehow favored over the continuing passive owners? Has the public been hurt?When you are told that all repurchases are harmful to shareholders or to the country, or particularly beneficial to CEOs, you are listening to either an economic illiterate or a silver-tongued demagogue (characters that are not mutually exclusive).Almost endless details of Berkshire’s 2022 operations are laid out on pages K-33 – K-66. Charlie and I, along with many Berkshire shareholders, enjoy poring over the many facts and figures laid out in that section. These pages are not, however, required reading. There are many Berkshire centimillionaires and, yes, billionaires who have never studied our financial figures. They simply know that Charlie and I – along with our families and close friends – continue to have very significant investments in Berkshire, and they trust us to treat their money as we do our own.And that is a promise we can make.* * * * * * * * * * * *Finally, an important warning: Even the operating earnings figure that we favor can easily be manipulated by managers who wish to do so. Such tampering is often thought of as sophisticated by CEOs, directors and their advisors. Reporters and analysts embrace its existence as well. Beating “expectations” is heralded as a managerial triumph.That activity is disgusting. It requires no talent to manipulate numbers: Only a deep desire to deceive is required. “Bold imaginative accounting,” as a CEO once described his deception to me, has become one of the shames of capitalism.58 Years – and a Few FiguresIn 1965, Berkshire was a one-trick pony, the owner of a venerable – but doomed – New England textile operation. With that business on a death march, Berkshire needed an immediate fresh start. Looking back, I was slow to recognize the severity of its problems.And then came a stroke of good luck: National Indemnity became available in 1967, and we shifted our resources toward insurance and other non-textile operations.Thus began our journey to 2023, a bumpy road involving a combination of continuous savings by our owners (that is, by their retaining earnings), the power of compounding, our avoidance of major mistakes and – most important of all – the American Tailwind. America would have done fine without Berkshire. The reverse is not true.Berkshire now enjoys major ownership in an unmatched collection of huge and diversified businesses. Let’s first look at the 5,000 or so publicly-held companies that trade daily on NASDAQ, the NYSE and related venues. Within this group is housed the members of the S&P 500 Index, an elite collection of large and well-known American companies.In aggregate, the 500 earned $1.8 trillion in 2021. I don’t yet have the final results for 2022. Using, therefore, the 2021 figures, only 128 of the 500 (including Berkshire itself) earned $3 billion or more. Indeed, 23 lost money.At yearend 2022, Berkshire was the largest owner of eight of these giants: American Express, Bank of America, Chevron, Coca-Cola, HP Inc., Moody’s, Occidental Petroleum and Paramount Global.In addition to those eight investees, Berkshire owns 100% of BNSF and 92% of BH Energy, each with earnings that exceed the $3 billion mark noted above ($5.9 billion at BNSF and$4.3 billion at BHE). Were these companies publicly-owned, they would replace two present members of the 500. All told, our ten controlled and non-controlled behemoths leave Berkshire more broadly aligned with the country’s economic future than is the case at any other U.S. company. (This calculation leaves aside “fiduciary” operations such as pension funds and investment companies.) In addition, Berkshire’s insurance operation, though conducted through many individually-managed subsidiaries, has a value comparable to BNSF or BHE.As for the future, Berkshire will always hold a boatload of cash and U.S. Treasury bills along with a wide array of businesses. We will also avoid behavior that could result in any uncomfortable cash needs at inconvenient times, including financial panics and unprecedented insurance losses. Our CEO will always be the Chief Risk Officer – a task it is irresponsible to delegate. Additionally, our future CEOs will have a significant part of their net worth in Berkshire shares, bought with their own money. And yes, our shareholders will continue to save and prosper by retaining earnings.At Berkshire, there will be no finish line.Some Surprising Facts About Federal TaxesDuring the decade ending in 2021, the United States Treasury received about $32.3 trillion in taxes while it spent $43.9 trillion.Though economists, politicians and many of the public have opinions about the consequences of that huge imbalance, Charlie and I plead ignorance and firmly believe that near-term economic and market forecasts are worse than useless. Our job is to manage Berkshire’s operations and finances in a manner that will achieve an acceptable result over time and that will preserve the company’s unmatched staying power when financial panics or severe worldwide recessions occur. Berkshire also offers some modest protection from runaway inflation, but this attribute is far from perfect. Huge and entrenched fiscal deficits have consequences.The $32 trillion of revenue was garnered by the Treasury through individual income taxes (48%), social security and related receipts (3412%), corporate income tax payments (812%) and a wide variety of lesser levies. Berkshire’s contribution via the corporate income tax was $32 billion during the decade, almost exactly a tenth of 1% of all money that the Treasury collected.And that means – brace yourself – had there been roughly 1,000 taxpayers in the U.S. matching Berkshire’s payments, no other businesses nor any of the country’s 131 million households would have needed to pay any taxes to the federal government. Not a dime.* * * * * * * * * * * *Millions, billions, trillions – we all know the words, but the sums involved are almost impossible to comprehend. Let’s put physical dimensions to the numbers:- If you convert $1 million into newly-printed $100 bills, you will have a stack that reaches your chest.- Perform the same exercise with $1 billion – this is getting exciting! – and the stack reaches about 34 of a mile into the sky.- Finally, imagine piling up $32 billion, the total of Berkshire’s 2012-21 federal income tax payments. Now the stack grows to more than 21 miles in height, about three times the level at which commercial airplanes usually cruise.When it comes to federal taxes, individuals who own Berkshire can unequivocally state “I gave at the office.”* * * * * * * * * * * *At Berkshire we hope and expect to pay much more in taxes during the next decade. We owe the country no less: America’s dynamism has made a huge contribution to whatever success Berkshire has achieved – a contribution Berkshire will always need. We count on the American Tailwind and, though it has been becalmed from time to time, its propelling force has always returned.I have been investing for 80 years – more than one-third of our country’s lifetime. Despite our citizens’ penchant – almost enthusiasm – for self-criticism and self-doubt, I have yet to see a time when it made sense to make a long-term bet against America. And I doubt very much that any reader of this letter will have a different experience in the future.Nothing Beats Having a Great PartnerCharlie and I think pretty much alike. But what it takes me a page to explain, he sums up in a sentence. His version, moreover, is always more clearly reasoned and also more artfully – some might add bluntly – stated.Here are a few of his thoughts, many lifted from a very recent podcast:- The world is full of foolish gamblers, and they will not do as well as the patient investor.- If you don’t see the world the way it is, it’s like judging something through a distorted lens.- All I want to know is where I’m going to die, so I’ll never go there. And a related thought: Early on, write your desired obituary – and then behave accordingly.- If you don’t care whether you are rational or not, you won’t work on it. Then you will stay irrational and get lousy results.- Patience can be learned. Having a long attention span and the ability to concentrate on one thing for a long time is a huge advantage.- You can learn a lot from dead people. Read of the deceased you admire and detest.- Don’t bail away in a sinking boat if you can swim to one that is seaworthy.- A great company keeps working after you are not; a mediocre company won’t do that.- Warren and I don’t focus on the froth of the market. We seek out good long-term investments and stubbornly hold them for a long time.- Ben Graham said, “Day to day, the stock market is a voting machine; in the long term it’s a weighing machine.” If you keep making something more valuable, then some wise person is going to notice it and start buying.- There is no such thing as a 100% sure thing when investing. Thus, the use of leverage is dangerous. A string of wonderful numbers times zero will always equal zero. Don’t count on getting rich twice.- You don’t, however, need to own a lot of things in order to get rich.- You have to keep learning if you want to become a great investor. When the world changes, you must change.- Warren and I hated railroad stocks for decades, but the world changed and finally the country had four huge railroads of vital importance to the American economy. We were slow to recognize the change, but better late than never.- Finally, I will add two short sentences by Charlie that have been his decision-clinchers for decades: “Warren, think more about it. You’re smart and I’m right.”And so it goes. I never have a phone call with Charlie without learning something. And, while he makes me think, he also makes me laugh.* * * * * * * * * * * *I will add to Charlie’s list a rule of my own:   Find   a   very   smart   high-grade partner – preferably slightly older than you – and then listen very carefully to what he says.A Family Gathering in OmahaCharlie and I are shameless. Last year, at our first shareholder get-together in three years, we greeted you with our usual commercial hustle.From the opening bell, we went straight for your wallet. In short order, our See’s kiosk sold you eleven tons of nourishing peanut brittle and chocolates. In our P.T. Barnum pitch, we promised you longevity. After all, what else but candy from See’s could account for Charlie and me making it to 99 and 92?I know you can’t wait to hear the specifics of last year’s hustle.On Friday, the doors were open from noon until 5 p.m., and our candy counters rang up 2,690 individual sales. On Saturday, See’s registered an additional 3,931 transactions between 7 a.m. and 4:30 p.m., despite the fact that 612 of the 912 operating hours occurred while our movie and the question-and-answer session were limiting commercial traffic.Do the math: See’s rang up about 10 sales per minute during its prime operating time (racking up $400,309 of volume during the two days), with all the goods purchased at a single location selling products that haven’t been materially altered in 101 years. What worked for See’s in the days of Henry Ford’s model T works now.* * * * * * * * * * * *Charlie, I, and the entire Berkshire bunch look forward to seeing you in Omaha on May 5-6. We will have a good time and so will you.February 25, 2023 Warren E. Buffett Chairman of the Board","news_type":1},"isVote":1,"tweetType":1,"viewCount":62,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9955371490,"gmtCreate":1675242763810,"gmtModify":1676538986361,"author":{"id":"4133623950260892","authorId":"4133623950260892","name":"Aidukas","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4133623950260892","authorIdStr":"4133623950260892"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":12,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9955371490","repostId":"2308701764","repostType":4,"repost":{"id":"2308701764","kind":"highlight","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":1675264554,"share":"https://ttm.financial/m/news/2308701764?lang=&edition=fundamental","pubTime":"2023-02-01 23:15","market":"us","language":"en","title":"Fed Day Is Here, Powell's Tone Will Say It All","url":"https://stock-news.laohu8.com/highlight/detail?id=2308701764","media":"Dow Jones","summary":"The Federal Reserve is on track to slow the pace of monetary-policy tightening on Wednesday by raisi","content":"<html><head></head><body><p>The Federal Reserve is on track to slow the pace of monetary-policy tightening on Wednesday by raising interest rates by a modest quarter of a percentage point, its smallest increase in nearly a year. But don&#39;t mistake the central bank&#39;s downshift for a dovish pivot.</p><p>With a 25-basis-point interest-rate hike all but locked in (a basis point is a hundredth of a percentage point), the biggest news on Wednesday will come not from the Fed&#39;s policy moves but the statement and press conference that will follow its two-day policy meeting. Fed Chairman Jerome Powell has been emphasizing for months that the future pace of tightening is less important than how high interest rates ultimately rise, and investors and economists will be parsing his words for clues as to where the federal-funds rate might ultimately land.</p><p>For Powell, the challenge will be to acknowledge that the Fed is slowing its pace while emphasizing, as he has in several past public appearances, that the central bank still has plenty of work to do. His press conference will likely come off as more hawkish than the interest-rate hike itself, which markets will likely interpret as a softer approach, Fed analysts say. Ahead of the meeting, investors are pricing in a nearly 99% chance of a 25 basis-point increase, according to CME data.</p><p>&#34;Policymakers appear to have increased confidence that inflation is on a path lower, but the Fed is not yet convinced that inflationary pressures will dissipate quickly,&#34; a team of Bank of America economists led by Michael Gapen wrote.</p><p>&#34;The decision may be for a smaller 25bp hike,&#34; they wrote., &#34;but the Fed will want to avoid the interpretation that this implies a lower terminal rate or an earlier onset of rate cuts than the committee viewed as appropriate when it last met in December.&#34;</p><p>Wednesday&#39;s policy statement and press conference come as the central bank is at something of a crossroads. The U.S. economy is broadly slowing and inflation, which has fallen steadily since the summer, appears to be well past its peak.</p><p>But despite months of cooling, inflation remains significantly above where the Fed would like to see it. Core PCE, the Fed&#39;s preferred measure of inflation, fell to 4.4% in December but remains at more than double the central bank&#39;s 2% target. Central-bank officials worry that even as goods prices deflate and housing costs slow, inflation will hit a floor well above its 2% target due to persistent strength in services sectors.</p><p>The difficulty now for the Fed is to figure out how much further to raise rates to slow price growth back to target without going so far as to push the economy into a recession. It means the central bank&#39;s job has become much more difficult than it was for much of the past year, when the only move was to tighten monetary policy and to do it quickly.</p><p>Further complicating the picture, the Fed at times is working against financial markets, which have begun to see softening economic data as a signal that the tightening is nearly done and that it will cut rates this year. And, if souring economic data spark a market rally due to anticipation that the end of rate hikes is near, it could loosen monetary conditions and, in turn, force further tightening.</p><p>All that explains why Powell is likely to focus Wednesday on driving home the point that the Fed will keep tightening until it is confident inflation is on its way down to 2%, likely regardless of the economic fallout.</p><p>&#34;Now is not the time for nuance,&#34; says Ronald Temple, chief market strategist at Lazard. &#34;With a 25 [basis point] hike already discounted by markets, Powell&#39;s task is to unambiguously signal the Fed&#39;s commitment to tame inflation.&#34;</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fed Day Is Here, Powell's Tone Will Say It All</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFed Day Is Here, Powell's Tone Will Say It All\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\">2023-02-01 23:15</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>The Federal Reserve is on track to slow the pace of monetary-policy tightening on Wednesday by raising interest rates by a modest quarter of a percentage point, its smallest increase in nearly a year. But don&#39;t mistake the central bank&#39;s downshift for a dovish pivot.</p><p>With a 25-basis-point interest-rate hike all but locked in (a basis point is a hundredth of a percentage point), the biggest news on Wednesday will come not from the Fed&#39;s policy moves but the statement and press conference that will follow its two-day policy meeting. Fed Chairman Jerome Powell has been emphasizing for months that the future pace of tightening is less important than how high interest rates ultimately rise, and investors and economists will be parsing his words for clues as to where the federal-funds rate might ultimately land.</p><p>For Powell, the challenge will be to acknowledge that the Fed is slowing its pace while emphasizing, as he has in several past public appearances, that the central bank still has plenty of work to do. His press conference will likely come off as more hawkish than the interest-rate hike itself, which markets will likely interpret as a softer approach, Fed analysts say. Ahead of the meeting, investors are pricing in a nearly 99% chance of a 25 basis-point increase, according to CME data.</p><p>&#34;Policymakers appear to have increased confidence that inflation is on a path lower, but the Fed is not yet convinced that inflationary pressures will dissipate quickly,&#34; a team of Bank of America economists led by Michael Gapen wrote.</p><p>&#34;The decision may be for a smaller 25bp hike,&#34; they wrote., &#34;but the Fed will want to avoid the interpretation that this implies a lower terminal rate or an earlier onset of rate cuts than the committee viewed as appropriate when it last met in December.&#34;</p><p>Wednesday&#39;s policy statement and press conference come as the central bank is at something of a crossroads. The U.S. economy is broadly slowing and inflation, which has fallen steadily since the summer, appears to be well past its peak.</p><p>But despite months of cooling, inflation remains significantly above where the Fed would like to see it. Core PCE, the Fed&#39;s preferred measure of inflation, fell to 4.4% in December but remains at more than double the central bank&#39;s 2% target. Central-bank officials worry that even as goods prices deflate and housing costs slow, inflation will hit a floor well above its 2% target due to persistent strength in services sectors.</p><p>The difficulty now for the Fed is to figure out how much further to raise rates to slow price growth back to target without going so far as to push the economy into a recession. It means the central bank&#39;s job has become much more difficult than it was for much of the past year, when the only move was to tighten monetary policy and to do it quickly.</p><p>Further complicating the picture, the Fed at times is working against financial markets, which have begun to see softening economic data as a signal that the tightening is nearly done and that it will cut rates this year. And, if souring economic data spark a market rally due to anticipation that the end of rate hikes is near, it could loosen monetary conditions and, in turn, force further tightening.</p><p>All that explains why Powell is likely to focus Wednesday on driving home the point that the Fed will keep tightening until it is confident inflation is on its way down to 2%, likely regardless of the economic fallout.</p><p>&#34;Now is not the time for nuance,&#34; says Ronald Temple, chief market strategist at Lazard. &#34;With a 25 [basis point] hike already discounted by markets, Powell&#39;s task is to unambiguously signal the Fed&#39;s commitment to tame inflation.&#34;</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2308701764","content_text":"The Federal Reserve is on track to slow the pace of monetary-policy tightening on Wednesday by raising interest rates by a modest quarter of a percentage point, its smallest increase in nearly a year. But don't mistake the central bank's downshift for a dovish pivot.With a 25-basis-point interest-rate hike all but locked in (a basis point is a hundredth of a percentage point), the biggest news on Wednesday will come not from the Fed's policy moves but the statement and press conference that will follow its two-day policy meeting. Fed Chairman Jerome Powell has been emphasizing for months that the future pace of tightening is less important than how high interest rates ultimately rise, and investors and economists will be parsing his words for clues as to where the federal-funds rate might ultimately land.For Powell, the challenge will be to acknowledge that the Fed is slowing its pace while emphasizing, as he has in several past public appearances, that the central bank still has plenty of work to do. His press conference will likely come off as more hawkish than the interest-rate hike itself, which markets will likely interpret as a softer approach, Fed analysts say. Ahead of the meeting, investors are pricing in a nearly 99% chance of a 25 basis-point increase, according to CME data.\"Policymakers appear to have increased confidence that inflation is on a path lower, but the Fed is not yet convinced that inflationary pressures will dissipate quickly,\" a team of Bank of America economists led by Michael Gapen wrote.\"The decision may be for a smaller 25bp hike,\" they wrote., \"but the Fed will want to avoid the interpretation that this implies a lower terminal rate or an earlier onset of rate cuts than the committee viewed as appropriate when it last met in December.\"Wednesday's policy statement and press conference come as the central bank is at something of a crossroads. The U.S. economy is broadly slowing and inflation, which has fallen steadily since the summer, appears to be well past its peak.But despite months of cooling, inflation remains significantly above where the Fed would like to see it. Core PCE, the Fed's preferred measure of inflation, fell to 4.4% in December but remains at more than double the central bank's 2% target. Central-bank officials worry that even as goods prices deflate and housing costs slow, inflation will hit a floor well above its 2% target due to persistent strength in services sectors.The difficulty now for the Fed is to figure out how much further to raise rates to slow price growth back to target without going so far as to push the economy into a recession. It means the central bank's job has become much more difficult than it was for much of the past year, when the only move was to tighten monetary policy and to do it quickly.Further complicating the picture, the Fed at times is working against financial markets, which have begun to see softening economic data as a signal that the tightening is nearly done and that it will cut rates this year. And, if souring economic data spark a market rally due to anticipation that the end of rate hikes is near, it could loosen monetary conditions and, in turn, force further tightening.All that explains why Powell is likely to focus Wednesday on driving home the point that the Fed will keep tightening until it is confident inflation is on its way down to 2%, likely regardless of the economic fallout.\"Now is not the time for nuance,\" says Ronald Temple, chief market strategist at Lazard. \"With a 25 [basis point] hike already discounted by markets, Powell's task is to unambiguously signal the Fed's commitment to tame inflation.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":2,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9957090622,"gmtCreate":1676705419267,"gmtModify":1676705423290,"author":{"id":"4133623950260892","authorId":"4133623950260892","name":"Aidukas","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4133623950260892","authorIdStr":"4133623950260892"},"themes":[],"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":13,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9957090622","repostId":"2312223917","repostType":4,"repost":{"id":"2312223917","kind":"highlight","pubTimestamp":1676687967,"share":"https://ttm.financial/m/news/2312223917?lang=&edition=fundamental","pubTime":"2023-02-18 10:39","market":"us","language":"en","title":"A Bull Market Is Coming: 2 Perfect Growth Stocks Down 60% and 68% to Buy Now and Hold Forever","url":"https://stock-news.laohu8.com/highlight/detail?id=2312223917","media":"Motley Fool","summary":"These stocks hold strong competitive positions in quickly growing markets.","content":"<html><head></head><body><p>Investors battled a particularly brutal stock market last year. In fact, the three major U.S. financial indexes delivered their worst annual performances since the Great Recession in 2008. The <b>Dow Jones Industrial Average</b> slipped 9%, the broad-based <b>S&amp;P 500</b> fell 19%, and the tech-heavy <b>Nasdaq Composite </b>nosedived 33%.</p><p>All three indexes have recovered to some degree this year, but the benchmark S&amp;P 500 is still in a bear market, and many growth stocks are still trading well below their highs. For instance, shares of <b>Atlassian</b> and <b>Cloudflare</b> are down around 60% and 68%, respectively.</p><p>Of course, not all beaten-down stocks are worth buying -- but Atlassian and Cloudflare are well positioned to rebound during the next bull market. Here&#39;s why now is a perfect time to buy these growth stocks.</p><h2>Atlassian: A leader in productivity and team collaboration software</h2><p>Australian software company Atlassian disappointed investors with its latest earnings report. In the second quarter of fiscal 2023 (ended Dec. 31, 2022): Revenue rose just 27% to $873 million, a material deceleration from 37% growth in the prior year, and free cash flow fell 24% to $146 million. Unfortunately, management expects the situation to deteriorate further as the company continues to battle economic headwinds. Guidance implies top-line growth of just 22% in the third quarter.</p><p>The near-term picture may not be pretty, but Atlassian can reaccelerate growth when economic conditions improve. Its software products improve business productivity by facilitating collaboration and streamlining workflows across different teams. That value proposition applies to virtually any industry, and it will only become relevant as digital transformation ushers in new technologies and remote work makes collaboration more complicated.</p><p>Atlassian has a somewhat unique go-to-market strategy. It leans heavily on self-service sales channels and word-of-mouth marketing, which keeps its sales and marketing costs low. Ultimately, that means Atlassian can invest more in product development than its peers, and that advantage has helped the company achieve a strong presence in several software verticals. Last year, Atlassian was recognized as a leader in IT service management and enterprise agile planning software by consulting company <b>Gartner</b>. Better yet, it currently ranks 12th on the list of best global software sellers, according to research company G2.</p><p>That success can be attributed to the broad scope of the its platform. Atlassian is the only work management software vendor that addresses the needs of technical teams (development, operations) and non-technical teams (marketing, human resources). Atlassian also brings IT service teams onto the same platform as software teams.</p><p>Those unique qualities give the company a material advantage for two reasons. First, Atlassian&#39;s broad utility means customers can standardize on a single platform, which eliminates the hassle of working with multiple vendors. Second, Atlassian can land new customers through almost any department, then expand across the entire business.</p><p>Management puts its addressable market at $29 billion, and that figure is growing at 14% annually. Atlassian is well positioned to capitalize on that opportunity, and shares currently trade at about 14 times sales, a discount to the three-year average of 28 times sales. At that price, investors should buy a small position in this growth stock today.</p><h2>2. Cloudflare: A leader in content delivery network software</h2><p>Cloud computing company Cloudflare turned in another solid financial report in the fourth quarter. Its customer count climbed 16% to about 162,000, while the average customer spent 22% more over the past year. In turn, fourth-quarter revenue rose 42% to $275 million and cash flow from operating activities soared 92% to $78 million.</p><p>Those results are particularly impressive in the context of a difficult economic climate, and the company could likely accelerate growth under more favorable conditions.</p><p>Looking ahead, the investment thesis is straightforward: Cloudflare provides a broad range of cloud services that improve the performance and security of business-critical applications and IT infrastructure, while eliminating the cost of on-premise network hardware. Despite tough competition from larger vendors like <b>Amazon</b> Web Services, Cloudflare has a strong presence in several cloud verticals, and the company is well positioned to take market share in others.</p><p>Why? Cloudflare benefits from two key advantages: speed and scale. It operates the fastest cloud network and developer platform on the planet. That has led to leadership in content delivery network software and edge development platforms, but speed coupled with freemium pricing has also led to mind-boggling scale. Cloudflare handles nearly 18%  of all internet traffic, and it provides security services to 20% of the web, both of which afford the company unrivaled insight into performance issues and security problems across the internet. Cloudflare can use that data to improve its products, creating a network effect that should help it gain momentum in other cloud verticals, especially zero-trust security.</p><p>On that note, <b>Forrester Research</b> recently recognized Cloudflare as the leader in web application firewalls, and Gartner recognized the company as a leader in web application and API protection. So Cloudflare is making inroads in the security space, but the company has still only scratched the surface of its $125 billion addressable market. With shares trading at around 23 times sales, a bargain compared to the three-year average of 42 times sales, this stock is worth buying today.</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>A Bull Market Is Coming: 2 Perfect Growth Stocks Down 60% and 68% to Buy Now and Hold Forever</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nA Bull Market Is Coming: 2 Perfect Growth Stocks Down 60% and 68% to Buy Now and Hold Forever\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-02-18 10:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2023/02/17/bull-market-coming-2-growth-stocks-down-68-to-buy/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors battled a particularly brutal stock market last year. In fact, the three major U.S. financial indexes delivered their worst annual performances since the Great Recession in 2008. The Dow ...</p>\n\n<a href=\"https://www.fool.com/investing/2023/02/17/bull-market-coming-2-growth-stocks-down-68-to-buy/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TEAM":"Atlassian Corporation PLC","NET":"Cloudflare, Inc."},"source_url":"https://www.fool.com/investing/2023/02/17/bull-market-coming-2-growth-stocks-down-68-to-buy/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2312223917","content_text":"Investors battled a particularly brutal stock market last year. In fact, the three major U.S. financial indexes delivered their worst annual performances since the Great Recession in 2008. The Dow Jones Industrial Average slipped 9%, the broad-based S&P 500 fell 19%, and the tech-heavy Nasdaq Composite nosedived 33%.All three indexes have recovered to some degree this year, but the benchmark S&P 500 is still in a bear market, and many growth stocks are still trading well below their highs. For instance, shares of Atlassian and Cloudflare are down around 60% and 68%, respectively.Of course, not all beaten-down stocks are worth buying -- but Atlassian and Cloudflare are well positioned to rebound during the next bull market. Here's why now is a perfect time to buy these growth stocks.Atlassian: A leader in productivity and team collaboration softwareAustralian software company Atlassian disappointed investors with its latest earnings report. In the second quarter of fiscal 2023 (ended Dec. 31, 2022): Revenue rose just 27% to $873 million, a material deceleration from 37% growth in the prior year, and free cash flow fell 24% to $146 million. Unfortunately, management expects the situation to deteriorate further as the company continues to battle economic headwinds. Guidance implies top-line growth of just 22% in the third quarter.The near-term picture may not be pretty, but Atlassian can reaccelerate growth when economic conditions improve. Its software products improve business productivity by facilitating collaboration and streamlining workflows across different teams. That value proposition applies to virtually any industry, and it will only become relevant as digital transformation ushers in new technologies and remote work makes collaboration more complicated.Atlassian has a somewhat unique go-to-market strategy. It leans heavily on self-service sales channels and word-of-mouth marketing, which keeps its sales and marketing costs low. Ultimately, that means Atlassian can invest more in product development than its peers, and that advantage has helped the company achieve a strong presence in several software verticals. Last year, Atlassian was recognized as a leader in IT service management and enterprise agile planning software by consulting company Gartner. Better yet, it currently ranks 12th on the list of best global software sellers, according to research company G2.That success can be attributed to the broad scope of the its platform. Atlassian is the only work management software vendor that addresses the needs of technical teams (development, operations) and non-technical teams (marketing, human resources). Atlassian also brings IT service teams onto the same platform as software teams.Those unique qualities give the company a material advantage for two reasons. First, Atlassian's broad utility means customers can standardize on a single platform, which eliminates the hassle of working with multiple vendors. Second, Atlassian can land new customers through almost any department, then expand across the entire business.Management puts its addressable market at $29 billion, and that figure is growing at 14% annually. Atlassian is well positioned to capitalize on that opportunity, and shares currently trade at about 14 times sales, a discount to the three-year average of 28 times sales. At that price, investors should buy a small position in this growth stock today.2. Cloudflare: A leader in content delivery network softwareCloud computing company Cloudflare turned in another solid financial report in the fourth quarter. Its customer count climbed 16% to about 162,000, while the average customer spent 22% more over the past year. In turn, fourth-quarter revenue rose 42% to $275 million and cash flow from operating activities soared 92% to $78 million.Those results are particularly impressive in the context of a difficult economic climate, and the company could likely accelerate growth under more favorable conditions.Looking ahead, the investment thesis is straightforward: Cloudflare provides a broad range of cloud services that improve the performance and security of business-critical applications and IT infrastructure, while eliminating the cost of on-premise network hardware. Despite tough competition from larger vendors like Amazon Web Services, Cloudflare has a strong presence in several cloud verticals, and the company is well positioned to take market share in others.Why? Cloudflare benefits from two key advantages: speed and scale. It operates the fastest cloud network and developer platform on the planet. That has led to leadership in content delivery network software and edge development platforms, but speed coupled with freemium pricing has also led to mind-boggling scale. Cloudflare handles nearly 18%  of all internet traffic, and it provides security services to 20% of the web, both of which afford the company unrivaled insight into performance issues and security problems across the internet. Cloudflare can use that data to improve its products, creating a network effect that should help it gain momentum in other cloud verticals, especially zero-trust security.On that note, Forrester Research recently recognized Cloudflare as the leader in web application firewalls, and Gartner recognized the company as a leader in web application and API protection. So Cloudflare is making inroads in the security space, but the company has still only scratched the surface of its $125 billion addressable market. With shares trading at around 23 times sales, a bargain compared to the three-year average of 42 times sales, this stock is worth buying today.","news_type":1},"isVote":1,"tweetType":1,"viewCount":41,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9955297620,"gmtCreate":1675433200560,"gmtModify":1676539002689,"author":{"id":"4133623950260892","authorId":"4133623950260892","name":"Aidukas","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4133623950260892","authorIdStr":"4133623950260892"},"themes":[],"htmlText":"Underperform&nbsp;","listText":"Underperform&nbsp;","text":"Underperform","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9955297620","repostId":"1158212560","repostType":2,"repost":{"id":"1158212560","kind":"news","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":1675431017,"share":"https://ttm.financial/m/news/1158212560?lang=&edition=fundamental","pubTime":"2023-02-03 21:30","market":"us","language":"en","title":"Payrolls Increased By 517,000 in January, Much Better Than 187,000 Expected","url":"https://stock-news.laohu8.com/highlight/detail?id=1158212560","media":"Tiger Newspress","summary":"The employment picture started off 2023 on a stunningly strong note, with nonfarm payrolls posting t","content":"<html><head></head><body><p>The employment picture started off 2023 on a stunningly strong note, with nonfarm payrolls posting their strongest gain since July 2022.</p><p>Nonfarm payrolls increased by 517,000 for January, above the Dow Jones estimate of 187,000. The unemployment rate fell to 3.4% vs. the estimate for 3.6%.</p><p>Dow futures fall over 200 points as hot January jobs number is likely to keep the Fed in hiking mode.</p><p><img src=\"https://static.tigerbbs.com/802fc5e78c9f79d112b216f56165e7c6\" tg-width=\"1080\" tg-height=\"368\" width=\"100%\" height=\"auto\"/></p><p>Growth across a multitude of sectors helped propel the massive beat against the estimate.</p><p>Leisure and hospitality added 128,000 jobs to lead all sectors. Other significant gainers were professional and business services (82,000), government (74,000) and health care (58,000).</p><p>Wages also posted solid gains for the month. Average hourly earnings increased 0.3%, in line with the estimate, and 4.4% from a year ago, 0.1 percentage point higher than expectations.</p><p>The surge in job creation comes despite the Federal Reserve&#39;s effort to slow the economy and bring down inflation from its highest level since the early 1980s. The Fed has raised its benchmark interest rate eight times since March 2022.</p><p>In its latest assessment of the jobs picture, the Fed on Wednesday dropped previous language saying gains have been &#34;robust&#34; and noted only that the &#34;unemployment rate has remained low.&#34;</p><p>However, Chairman Jerome Powell, in his post-meeting news conference, noted the labor market &#34;remains extremely tight&#34; and is still &#34;out of balance.&#34;</p><p>Though Fed officials have expressed their intention to keep rates elevated for as long as it takes to bring down inflation, markets are betting the central bank starts cutting before the end of 2023.</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>Payrolls Increased By 517,000 in January, Much Better Than 187,000 Expected</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\">\nPayrolls Increased By 517,000 in January, Much Better Than 187,000 Expected\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\">2023-02-03 21:30</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>The employment picture started off 2023 on a stunningly strong note, with nonfarm payrolls posting their strongest gain since July 2022.</p><p>Nonfarm payrolls increased by 517,000 for January, above the Dow Jones estimate of 187,000. The unemployment rate fell to 3.4% vs. the estimate for 3.6%.</p><p>Dow futures fall over 200 points as hot January jobs number is likely to keep the Fed in hiking mode.</p><p><img src=\"https://static.tigerbbs.com/802fc5e78c9f79d112b216f56165e7c6\" tg-width=\"1080\" tg-height=\"368\" width=\"100%\" height=\"auto\"/></p><p>Growth across a multitude of sectors helped propel the massive beat against the estimate.</p><p>Leisure and hospitality added 128,000 jobs to lead all sectors. Other significant gainers were professional and business services (82,000), government (74,000) and health care (58,000).</p><p>Wages also posted solid gains for the month. Average hourly earnings increased 0.3%, in line with the estimate, and 4.4% from a year ago, 0.1 percentage point higher than expectations.</p><p>The surge in job creation comes despite the Federal Reserve&#39;s effort to slow the economy and bring down inflation from its highest level since the early 1980s. The Fed has raised its benchmark interest rate eight times since March 2022.</p><p>In its latest assessment of the jobs picture, the Fed on Wednesday dropped previous language saying gains have been &#34;robust&#34; and noted only that the &#34;unemployment rate has remained low.&#34;</p><p>However, Chairman Jerome Powell, in his post-meeting news conference, noted the labor market &#34;remains extremely tight&#34; and is still &#34;out of balance.&#34;</p><p>Though Fed officials have expressed their intention to keep rates elevated for as long as it takes to bring down inflation, markets are betting the central bank starts cutting before the end of 2023.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158212560","content_text":"The employment picture started off 2023 on a stunningly strong note, with nonfarm payrolls posting their strongest gain since July 2022.Nonfarm payrolls increased by 517,000 for January, above the Dow Jones estimate of 187,000. The unemployment rate fell to 3.4% vs. the estimate for 3.6%.Dow futures fall over 200 points as hot January jobs number is likely to keep the Fed in hiking mode.Growth across a multitude of sectors helped propel the massive beat against the estimate.Leisure and hospitality added 128,000 jobs to lead all sectors. Other significant gainers were professional and business services (82,000), government (74,000) and health care (58,000).Wages also posted solid gains for the month. Average hourly earnings increased 0.3%, in line with the estimate, and 4.4% from a year ago, 0.1 percentage point higher than expectations.The surge in job creation comes despite the Federal Reserve's effort to slow the economy and bring down inflation from its highest level since the early 1980s. The Fed has raised its benchmark interest rate eight times since March 2022.In its latest assessment of the jobs picture, the Fed on Wednesday dropped previous language saying gains have been \"robust\" and noted only that the \"unemployment rate has remained low.\"However, Chairman Jerome Powell, in his post-meeting news conference, noted the labor market \"remains extremely tight\" and is still \"out of balance.\"Though Fed officials have expressed their intention to keep rates elevated for as long as it takes to bring down inflation, markets are betting the central bank starts cutting before the end of 2023.","news_type":1},"isVote":1,"tweetType":1,"viewCount":32,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9955953761,"gmtCreate":1675159019054,"gmtModify":1676538980371,"author":{"id":"4133623950260892","authorId":"4133623950260892","name":"Aidukas","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4133623950260892","authorIdStr":"4133623950260892"},"themes":[],"htmlText":"Need buy ...","listText":"Need buy ...","text":"Need buy ...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":13,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9955953761","repostId":"1192075634","repostType":4,"repost":{"id":"1192075634","kind":"news","pubTimestamp":1675178707,"share":"https://ttm.financial/m/news/1192075634?lang=&edition=fundamental","pubTime":"2023-01-31 23:25","market":"us","language":"en","title":"Apple: A Buy Ahead Of Q1 Earnings Announcement","url":"https://stock-news.laohu8.com/highlight/detail?id=1192075634","media":"Seekingalpha","summary":"SummaryApple hardware expected to struggle with iPhone shipments in focus on Q1 '23 earnings with ID","content":"<html><head></head><body><h3>Summary</h3><ul><li>Apple hardware expected to struggle with iPhone shipments in focus on Q1 &#39;23 earnings with IDC survey data suggesting a -15% decline in shipments in Q4 &#39;22.</li><li>We anticipate Apple to beat expectations, a combination of foreign exchange, inventory burn, and pricing to deliver above consensus figures and survey figures.</li><li>Our model implies modest upside as we&#39;re limited to a $155 price target, but find ourselves recommending the stock given the strength of the business versus peers.</li><li>We don&#39;t expect layoffs to be that significant but a more generous capital return policy in the form of share buybacks could add upside to our price target.</li><li>We expect gross margins and operating margins to trend higher on the greater contribution of internally sourced components driving the bill of materials lower across the product stack over time.</li></ul><h3>Apple investment thesis</h3><p>We’re heading into the <a href=\"https://laohu8.com/S/AAPL\">Apple</a> quarter with mixed indications from analysts and other companies on hardware particularly smartphone shipments heading into Q1 ’23 earnings results. That being said, we anticipate that the Chinese consumer might return even with macro uncertainty tied to the Russian and the Ukrainian War, which has put a drag on Chinese themes throughout the year. Despite the somewhat hazy outlook from the consensus we try our best to piece together some of the more useful points heading into the quarter.</p><p>Apple is expected to report Q1 ‘23 earnings results on February 2nd, 2023 after the market closes. Apple is expected to report revenue of $121.67 billion and dil. EPS of $1.94 for Q1 ‘23. We think there’s room for surprises on consumer hardware, particularly the iPhone though we’re in the middle of a mid-refresh year, indications from the sell-side suggest that diminished expectations imply a beat on hardware with continued strength in services and software revenue helping to offset the weakness in PC hardware cycle. We want to note that smartphones might be able to escape the malaise in computer hardware given the low correlation to mining hardware trends.</p><p>Furthermore, we expect AAPL to deliver revenue of $406.15 billion FY ’23 and dil. EPS of $6.53 for FY’ 23, which is higher than consensus at $402.54 billion and dil. EPS of $6.17 admittedly. We expect the company to deliver a beat mostly on better than expected iPhone channel sell-in, above expected contribution from services, and heightened gross margin contribution from using the company’s in-house silicon. We anticipate profitability trends to remain neutral to slightly positive depending on the degree to which AAPL layoffs workers.</p><p>We value the stock at $155.70, FY’25 estimated $8.29 dil. EPS, which implies an 18.78x forward earnings multiple to FY ‘25 results after factoring a 9.9% discount based on the firm’s WACC. We expect modest upside in the stock of +7.38% mirroring the types of returns a Dow component stock is likely to generate in this environment. An earnings result surprise in the form of better than expected outlook, or above consensus hardware shipments would make us incrementally positive.</p><p>We also recommend Apple to our readers as a Buy rated stock, though we believe upside is somewhat limited, we also find the stable dividends, growth, and diversification of portfolio sufficient in mitigating the downside argument, and would be one of the better blue chips to accumulate in the event of any recession or growth pullback in the economy.</p><h3>Key Apple news items heading into the quarter</h3><p>The recent update to the iMac and MacBook Pro or the PC line-up has been much needed given the lagging performance of Intel processors, and the need for differentiated hardware via the M2 Pro and M2 Max chipset. The drop-off in consumer PC shipments, which Intel (INTC) just reported and how much of that decline in shipments was tied to Apple simply moving on from the X86 ecosystem will be disclosed via the earnings release.</p><p>Foreign exchange could have a positive impact on the quarterly results, at least according to UBS analyst David Vogt:</p><p>“On January 21st, our estimates do not reflect the strength of four key currencies (EUR, GBP, YEN, and CNY) relative to the US dollar in the December quarter. Based on Apple&#39;s revenue mix, the ~10% FX headwind guide for the Dec qtr is too conservative by 400-500bps (4-5 percentage points), mitigating rev and EPS risk ahead of earnings on Feb 2.”</p><p>The company will reference Chinese shipment results throughout the quarterly earnings call, and we anticipate that the near-term results will be fueled by Chinese sell-through and an improvement in product outlook, or expansion into new categories. We think the Mac refresh was much needed, and efforts to transition the company towards gaming and VR will be helpful in mitigating the negative sentiment tied to hardware this upcoming quarter.</p><p>Apple layoffs will be another question likely raised by analysts and members of the news media following the announcement of earnings. There could be a minor layoff, perhaps less than 5% of the workforce as Apple doesn’t really need to lean down right now, but given the fact that other companies are opting to shrink workforce in favor of enabling productivity it could give AAPL some added air cover when pertaining to costs. We anticipate that Apple has benefited from being disciplined with its cost structure throughout much of Tim Cook’s tenure as CEO of the company with operating margins in OEM hardware the highest in the segment, and company level operating margin hovering 29%-30% over FY ‘21 and FY ‘22, further drives that point home.</p><p>We think the weakness in labor force participation tied to Covid-19 has led to different companies employing different policies to bring workers back to the office whether digitally or to the corporate office. Furthermore, company culture, and an emphasis on profitable business units has kept many workers safely employed at AAPL whereas other tech companies are making cuts, but mainly in non-performing business segments, which Apple doesn’t have a non-profit contributing segment to speak of. Even legacy businesses like older accessories are thought to add contribution to profits in the form of on-going services and repair related revenue.</p><p>It’s also difficult to argue why Apple should reduce its retail footprint when it establishes further verticality in Apple’s distribution aside from its e-commerce channel and is instrumental in generating revenue from service and warranty agreements for hardware. It’s hard to imagine where Apple could make cuts aside from using the usual MBA approach of unloading the bottom 5% of performers at a business, assuming the cuts are made strategically, and the bottom 5% of performers are in areas of the company where cuts could be made.</p><h3>Data on inventory and channel creates some concern among managers</h3><p>We also expect the data on inventory drain in the channel, or the availability of hardware components to be noteworthy. Analyst sentiment tied to inventory, and the lack of availability in certain markets could cause some anxiety, though the bias is on whether or not Apple was able to deliver enough devices for Q1 ’23, which is the seasonally strong quarter of the year.</p><p><img src=\"https://static.tigerbbs.com/668624a8c0662ca5cfd5278c7e81d653\" tg-width=\"622\" tg-height=\"521\" referrerpolicy=\"no-referrer\"/>Heading into the end of the year it seems supplies started to thin as we started to exit the year, though the days of available inventory, or availability tracker suggests that trends are kind of moderating when compared to prior-year according to the analyst who released the survey. Meaning, like much of the hardware data suggests from third-party reports, smartphone shipments are supposed to be bad this year, but the degree to which they’re bad is determined by the amount of phones that exit the inventory channel, and we think Apple did a fairly solid job heading into the close of the year clearing inventory thus pulling as much revenue forward into its Q4 seasonally strong quarter.</p><p>It’s not clear what analysts will say in response to some inventory clearing to deliver millions of units above consensus. For the most part, we haven’t heard a whole lot of news from other semiconductor names aside from Intel, and given its company-specific weakness, we have to look for the differences in computing sector performance to determine where businesses could outperform.</p><p>We think smartphones could buck the trend when compared to conventional PC hardware, but with Apple decoupling from x86 hardware, classifying Apple volumes in third-party reports becomes more difficult. The argument favors shareholders, as Apple can sustain higher margin PC shipments while working on IC (integrated circuit) or hardware design level improvements to its M-based architecture for desktop/notebook taking share away from the enthusiast segment of the PC market all while hiding the impact on industry data given the pull into ARM-based silicon for even more advanced graphical applications.</p><p>It’s why we’re hoping for added clarity on Apple shipments tied to computer hardware as we think the transition towards better hardware drives the arguments for better margins over time, more so than the impending job cuts that do little to drive variable costs lower. The reduction from hardware bill of materials and added control over hardware and software is what differentiates Apple.</p><p>It’s also worth noting that because Samsung (OTCPK:SSNLF) hasn’t reported earnings at the time of writing this article, we have no idea how well the component side of the business is doing out of Samsung, nor do we know if the decline in shipments was as indicated by the Q4’22 mobile smartphone shipment tracker by IDC. Based on the data from the third-party survey, device shipments for iPhone are supposed to decline by -14.9% for Apple and also -15.6% for Samsung.</p><h3>Financial model notes to consider</h3><p>Keep in mind analyst models embed like 79 million to 82 million iPhone shipments in Q1 ‘23 earnings quarter, which compares to the 85 million shipment figures released in the IDC report. Much of the positives are anticipated in other hardware categories and continued service revenue contribution.</p><p><img src=\"https://static.tigerbbs.com/0b5f42304627f273b9867b197539746e\" tg-width=\"616\" tg-height=\"347\" referrerpolicy=\"no-referrer\"/>We think upside remains somewhat limited unless there&#39;s something we haven’t already captured in our model. We anticipate revenue and earnings to swing marginally favorably by 2-3 percentage points on the basis of foreign exchange impact, and because the firm reports on GAAP basis, the FX impact of weaker dollar in the quarter helps with generating a surprise on results.</p><p>Furthermore, we acknowledge that survey data is mostly above consensus iPhone shipment figures, which means estimates are beatable on survey data alone, and also channel sell-in.</p><h3>Our homework points to a better than expected quarter</h3><p>We think, the stock will report a minor beat on earnings and revenue to exit FY &#39;23, and we expect gradual operating margin growth through FY ‘25, and estimate a weak environment for sales in FY ‘24 with modest growth of $418 billion FY ‘24 versus consensus revenue estimates $425 billion for FY ‘23. We think estimates might be difficult to meet this upcoming year given the overwhelming negativity heading into this part of the PC cycle, but because Apple operates a separate and independent ecosystem we think the exposure is limited, and Apple can deliver above x86 ecosystem in terms of returns.</p><p>In terms of blue chip hardware names, Apple likely recovers and generates positive revenue growth of 10%-12% in a major iPhone refresh year, i.e., iPhone 15 paired with stronger macro sentiment from China and less darker skies tied to U.S. macro makes us more optimistic and give us room to revise estimates up in our valuation model. For now, based on the inputs we’re working with, we expect modest upside of 7.38%, and recommend the stock at &#34;buy&#34; based on its strong track record of paying dividends, returning capital, and weathering economic storms given diversification of business portfolio and geographic mix along with a stellar balance sheet.</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: A Buy Ahead Of Q1 Earnings Announcement</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: A Buy Ahead Of Q1 Earnings Announcement\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-31 23:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4573684-apple-stock-upcoming-q1-earnings-buy><strong>Seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryApple hardware expected to struggle with iPhone shipments in focus on Q1 '23 earnings with IDC survey data suggesting a -15% decline in shipments in Q4 '22.We anticipate Apple to beat ...</p>\n\n<a href=\"https://seekingalpha.com/article/4573684-apple-stock-upcoming-q1-earnings-buy\">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/4573684-apple-stock-upcoming-q1-earnings-buy","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1192075634","content_text":"SummaryApple hardware expected to struggle with iPhone shipments in focus on Q1 '23 earnings with IDC survey data suggesting a -15% decline in shipments in Q4 '22.We anticipate Apple to beat expectations, a combination of foreign exchange, inventory burn, and pricing to deliver above consensus figures and survey figures.Our model implies modest upside as we're limited to a $155 price target, but find ourselves recommending the stock given the strength of the business versus peers.We don't expect layoffs to be that significant but a more generous capital return policy in the form of share buybacks could add upside to our price target.We expect gross margins and operating margins to trend higher on the greater contribution of internally sourced components driving the bill of materials lower across the product stack over time.Apple investment thesisWe’re heading into the Apple quarter with mixed indications from analysts and other companies on hardware particularly smartphone shipments heading into Q1 ’23 earnings results. That being said, we anticipate that the Chinese consumer might return even with macro uncertainty tied to the Russian and the Ukrainian War, which has put a drag on Chinese themes throughout the year. Despite the somewhat hazy outlook from the consensus we try our best to piece together some of the more useful points heading into the quarter.Apple is expected to report Q1 ‘23 earnings results on February 2nd, 2023 after the market closes. Apple is expected to report revenue of $121.67 billion and dil. EPS of $1.94 for Q1 ‘23. We think there’s room for surprises on consumer hardware, particularly the iPhone though we’re in the middle of a mid-refresh year, indications from the sell-side suggest that diminished expectations imply a beat on hardware with continued strength in services and software revenue helping to offset the weakness in PC hardware cycle. We want to note that smartphones might be able to escape the malaise in computer hardware given the low correlation to mining hardware trends.Furthermore, we expect AAPL to deliver revenue of $406.15 billion FY ’23 and dil. EPS of $6.53 for FY’ 23, which is higher than consensus at $402.54 billion and dil. EPS of $6.17 admittedly. We expect the company to deliver a beat mostly on better than expected iPhone channel sell-in, above expected contribution from services, and heightened gross margin contribution from using the company’s in-house silicon. We anticipate profitability trends to remain neutral to slightly positive depending on the degree to which AAPL layoffs workers.We value the stock at $155.70, FY’25 estimated $8.29 dil. EPS, which implies an 18.78x forward earnings multiple to FY ‘25 results after factoring a 9.9% discount based on the firm’s WACC. We expect modest upside in the stock of +7.38% mirroring the types of returns a Dow component stock is likely to generate in this environment. An earnings result surprise in the form of better than expected outlook, or above consensus hardware shipments would make us incrementally positive.We also recommend Apple to our readers as a Buy rated stock, though we believe upside is somewhat limited, we also find the stable dividends, growth, and diversification of portfolio sufficient in mitigating the downside argument, and would be one of the better blue chips to accumulate in the event of any recession or growth pullback in the economy.Key Apple news items heading into the quarterThe recent update to the iMac and MacBook Pro or the PC line-up has been much needed given the lagging performance of Intel processors, and the need for differentiated hardware via the M2 Pro and M2 Max chipset. The drop-off in consumer PC shipments, which Intel (INTC) just reported and how much of that decline in shipments was tied to Apple simply moving on from the X86 ecosystem will be disclosed via the earnings release.Foreign exchange could have a positive impact on the quarterly results, at least according to UBS analyst David Vogt:“On January 21st, our estimates do not reflect the strength of four key currencies (EUR, GBP, YEN, and CNY) relative to the US dollar in the December quarter. Based on Apple's revenue mix, the ~10% FX headwind guide for the Dec qtr is too conservative by 400-500bps (4-5 percentage points), mitigating rev and EPS risk ahead of earnings on Feb 2.”The company will reference Chinese shipment results throughout the quarterly earnings call, and we anticipate that the near-term results will be fueled by Chinese sell-through and an improvement in product outlook, or expansion into new categories. We think the Mac refresh was much needed, and efforts to transition the company towards gaming and VR will be helpful in mitigating the negative sentiment tied to hardware this upcoming quarter.Apple layoffs will be another question likely raised by analysts and members of the news media following the announcement of earnings. There could be a minor layoff, perhaps less than 5% of the workforce as Apple doesn’t really need to lean down right now, but given the fact that other companies are opting to shrink workforce in favor of enabling productivity it could give AAPL some added air cover when pertaining to costs. We anticipate that Apple has benefited from being disciplined with its cost structure throughout much of Tim Cook’s tenure as CEO of the company with operating margins in OEM hardware the highest in the segment, and company level operating margin hovering 29%-30% over FY ‘21 and FY ‘22, further drives that point home.We think the weakness in labor force participation tied to Covid-19 has led to different companies employing different policies to bring workers back to the office whether digitally or to the corporate office. Furthermore, company culture, and an emphasis on profitable business units has kept many workers safely employed at AAPL whereas other tech companies are making cuts, but mainly in non-performing business segments, which Apple doesn’t have a non-profit contributing segment to speak of. Even legacy businesses like older accessories are thought to add contribution to profits in the form of on-going services and repair related revenue.It’s also difficult to argue why Apple should reduce its retail footprint when it establishes further verticality in Apple’s distribution aside from its e-commerce channel and is instrumental in generating revenue from service and warranty agreements for hardware. It’s hard to imagine where Apple could make cuts aside from using the usual MBA approach of unloading the bottom 5% of performers at a business, assuming the cuts are made strategically, and the bottom 5% of performers are in areas of the company where cuts could be made.Data on inventory and channel creates some concern among managersWe also expect the data on inventory drain in the channel, or the availability of hardware components to be noteworthy. Analyst sentiment tied to inventory, and the lack of availability in certain markets could cause some anxiety, though the bias is on whether or not Apple was able to deliver enough devices for Q1 ’23, which is the seasonally strong quarter of the year.Heading into the end of the year it seems supplies started to thin as we started to exit the year, though the days of available inventory, or availability tracker suggests that trends are kind of moderating when compared to prior-year according to the analyst who released the survey. Meaning, like much of the hardware data suggests from third-party reports, smartphone shipments are supposed to be bad this year, but the degree to which they’re bad is determined by the amount of phones that exit the inventory channel, and we think Apple did a fairly solid job heading into the close of the year clearing inventory thus pulling as much revenue forward into its Q4 seasonally strong quarter.It’s not clear what analysts will say in response to some inventory clearing to deliver millions of units above consensus. For the most part, we haven’t heard a whole lot of news from other semiconductor names aside from Intel, and given its company-specific weakness, we have to look for the differences in computing sector performance to determine where businesses could outperform.We think smartphones could buck the trend when compared to conventional PC hardware, but with Apple decoupling from x86 hardware, classifying Apple volumes in third-party reports becomes more difficult. The argument favors shareholders, as Apple can sustain higher margin PC shipments while working on IC (integrated circuit) or hardware design level improvements to its M-based architecture for desktop/notebook taking share away from the enthusiast segment of the PC market all while hiding the impact on industry data given the pull into ARM-based silicon for even more advanced graphical applications.It’s why we’re hoping for added clarity on Apple shipments tied to computer hardware as we think the transition towards better hardware drives the arguments for better margins over time, more so than the impending job cuts that do little to drive variable costs lower. The reduction from hardware bill of materials and added control over hardware and software is what differentiates Apple.It’s also worth noting that because Samsung (OTCPK:SSNLF) hasn’t reported earnings at the time of writing this article, we have no idea how well the component side of the business is doing out of Samsung, nor do we know if the decline in shipments was as indicated by the Q4’22 mobile smartphone shipment tracker by IDC. Based on the data from the third-party survey, device shipments for iPhone are supposed to decline by -14.9% for Apple and also -15.6% for Samsung.Financial model notes to considerKeep in mind analyst models embed like 79 million to 82 million iPhone shipments in Q1 ‘23 earnings quarter, which compares to the 85 million shipment figures released in the IDC report. Much of the positives are anticipated in other hardware categories and continued service revenue contribution.We think upside remains somewhat limited unless there's something we haven’t already captured in our model. We anticipate revenue and earnings to swing marginally favorably by 2-3 percentage points on the basis of foreign exchange impact, and because the firm reports on GAAP basis, the FX impact of weaker dollar in the quarter helps with generating a surprise on results.Furthermore, we acknowledge that survey data is mostly above consensus iPhone shipment figures, which means estimates are beatable on survey data alone, and also channel sell-in.Our homework points to a better than expected quarterWe think, the stock will report a minor beat on earnings and revenue to exit FY '23, and we expect gradual operating margin growth through FY ‘25, and estimate a weak environment for sales in FY ‘24 with modest growth of $418 billion FY ‘24 versus consensus revenue estimates $425 billion for FY ‘23. We think estimates might be difficult to meet this upcoming year given the overwhelming negativity heading into this part of the PC cycle, but because Apple operates a separate and independent ecosystem we think the exposure is limited, and Apple can deliver above x86 ecosystem in terms of returns.In terms of blue chip hardware names, Apple likely recovers and generates positive revenue growth of 10%-12% in a major iPhone refresh year, i.e., iPhone 15 paired with stronger macro sentiment from China and less darker skies tied to U.S. macro makes us more optimistic and give us room to revise estimates up in our valuation model. For now, based on the inputs we’re working with, we expect modest upside of 7.38%, and recommend the stock at \"buy\" based on its strong track record of paying dividends, returning capital, and weathering economic storms given diversification of business portfolio and geographic mix along with a stellar balance sheet.","news_type":1},"isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9952290339,"gmtCreate":1674723084022,"gmtModify":1676538955325,"author":{"id":"4133623950260892","authorId":"4133623950260892","name":"Aidukas","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4133623950260892","authorIdStr":"4133623950260892"},"themes":[],"htmlText":"Im ready","listText":"Im ready","text":"Im ready","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":13,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9952290339","repostId":"2306109367","repostType":4,"repost":{"id":"2306109367","kind":"highlight","pubTimestamp":1674746806,"share":"https://ttm.financial/m/news/2306109367?lang=&edition=fundamental","pubTime":"2023-01-26 23:26","market":"us","language":"en","title":"5 Exceptional Dividend Stocks Yielding 5% (or More) to Buy Hand Over Fist","url":"https://stock-news.laohu8.com/highlight/detail?id=2306109367","media":"Motley Fool","summary":"These companies offer attractive dividends that should keep rising in the future.","content":"<html><head></head><body><p>Some companies do an exceptional job at paying dividends. They deliver an above-average income stream to their investors that they consistently grow.</p><p>Five high-yielding dividend stocks with exceptional growth track records are <b>Blackstone</b>, <b>Enterprise Products Partners</b>, <b>ONEOK</b>, <b>Verizon</b>, and <b>W. P. Carey</b>. They all offer attractive dividends yielding more than 5% (well above the <b>S&amp;P 500&#39;</b>s 1.7% dividend yield) that they should be able to continue growing in the future. That combination of income and growth makes them great dividend stocks to buy hand over fist these days.</p><h2>Trending higher</h2><p>Blackstone offers investors an innovative dividend. The leading alternative asset manager returns the bulk of its earnings to investors each quarter through share repurchases and dividends. That means its dividend payments fluctuate from quarter to quarter. Over the last 12 months, Blackstone&#39;s total dividend outlay has given it a 5.6% dividend yield at its recent price.</p><p>While Blackstone&#39;s dividend varies each quarter, it has grown significantly over the years:</p><p><img src=\"https://static.tigerbbs.com/a38f396e6844dd5471b6d3c72fcf5599\" tg-width=\"700\" tg-height=\"420\" referrerpolicy=\"no-referrer\"/></p><p>Data source: Blackstone. Chart by the author.</p><p>That payout should keep growing in the future. Investors continue to pour capital into alternative investments. The company sees a massive and largely untapped market to bring alternative investment products to high-net-worth investors. That should drive continued growth in its fee-related earnings, providing Blackstone with more money to pay dividends.</p><h2>The fuel to continue growing</h2><p>Enterprise Products Partners currently offers a monster yield at 7.5%. The energy master limited partnership (MLP) supports its big-time payout with stable cash flow and a top-notch financial profile. Its diversified energy midstream business produces steady earnings backed by long-term contracts and government-regulated rate structures. Meanwhile, it pays out a conservative portion of its cash flow from operations (56%) to support its distribution. Enterprise also has a top-tier balance sheet.</p><p>That strong financial profile allows the company to fund expansion projects and acquisitions. It currently has $5.5 billion of organic expansions under construction and more in development. Those projects give it lots of visibility into its growth. Because of all these factors, Enterprise Products Partners should be able to continue increasing its distribution. It has grown its payout by 5.4% over the past year and given investors a raise for 24 straight years.</p><h2>Cashing on its completed expansion phase</h2><p>ONEOK has delivered dividend stability for more than 25 years. While the pipeline company hasn&#39;t increased its payment every year, it has grown at a 13% compound annual rate since 2000. The company offers an attractive yield that&#39;s currently around 5.5%.</p><p>ONEOK should be able to continue growing its payout in the future. The company has significant earnings power from the $5 billion of expansion projects it has placed into service in recent years. They position it to capitalize on growing volumes as oil and gas producers increase their output in the future. With minimal capital needs following that major expansion phase and a solid balance sheet, ONEOK should have the free cash flow to grow its already sizable payout.</p><h2>Sector-leading consistency</h2><p>Verizon generates a tremendous amount of cash. The telecom giant produced a prodigious $37.1 billion cash flow from operations last year. This money funded its $23.1 billion in capital expenditures (including building out its 5G network) and $10.8 billion in dividend payments, with $3.3 billion to spare. That enabled the company to reduce debt and maintain a strong investment-grade balance sheet.</p><p>Verizon&#39;s robust cash flow enables the company to pay an attractive dividend (it currently yields 6.5%) that it steadily increases. The company gave its investors a modest raise last September, marking its 16th straight year of increasing the payout. That&#39;s the longest current streak in the U.S. telecom sector.</p><h2>Positioned to continue growing</h2><p>W. P. Carey has also consistently increased its payout, which yields an attractive 5.1% right now. The diversified REIT has given its investors a raise at least once each year since its initial public offering in 1998. That steady growth should continue.</p><p>The REIT is currently getting a big boost from inflation-escalation clauses in its leases. They should help drive above-average rent growth into 2024. In addition, the company has a strong investment-grade balance sheet (it recently received a rating upgrade, showcasing its financial strength), giving it the flexibility to continue acquiring income-producing real estate. W. P. Carey invested $1.42 billion on new properties last year and entered 2023 with a strong deal pipeline of over $500 million of opportunities.</p><h2>Top-notch dividend stocks</h2><p>Blackstone, Enterprise Products Partners, ONEOK, Verizon, and W. P. Carey are exceptional dividend stocks. They all have a long history of growing their dividends. They should be able to continue increasing their above-average payouts in the future. That positions them to produce attractive total returns, making them great income stocks to buy right now.</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>5 Exceptional Dividend Stocks Yielding 5% (or More) to Buy Hand Over Fist</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\">\n5 Exceptional Dividend Stocks Yielding 5% (or More) to Buy Hand Over Fist\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-26 23:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2023/01/25/5-exceptional-dividend-stocks-yielding-5-or-more-t/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Some companies do an exceptional job at paying dividends. They deliver an above-average income stream to their investors that they consistently grow.Five high-yielding dividend stocks with exceptional...</p>\n\n<a href=\"https://www.fool.com/investing/2023/01/25/5-exceptional-dividend-stocks-yielding-5-or-more-t/\">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","WPC":"W. P. Carey Inc","BX":"黑石","OKE":"欧尼克（万欧卡）","EPD":"Enterprise Products Partners L.P"},"source_url":"https://www.fool.com/investing/2023/01/25/5-exceptional-dividend-stocks-yielding-5-or-more-t/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2306109367","content_text":"Some companies do an exceptional job at paying dividends. They deliver an above-average income stream to their investors that they consistently grow.Five high-yielding dividend stocks with exceptional growth track records are Blackstone, Enterprise Products Partners, ONEOK, Verizon, and W. P. Carey. They all offer attractive dividends yielding more than 5% (well above the S&P 500's 1.7% dividend yield) that they should be able to continue growing in the future. That combination of income and growth makes them great dividend stocks to buy hand over fist these days.Trending higherBlackstone offers investors an innovative dividend. The leading alternative asset manager returns the bulk of its earnings to investors each quarter through share repurchases and dividends. That means its dividend payments fluctuate from quarter to quarter. Over the last 12 months, Blackstone's total dividend outlay has given it a 5.6% dividend yield at its recent price.While Blackstone's dividend varies each quarter, it has grown significantly over the years:Data source: Blackstone. Chart by the author.That payout should keep growing in the future. Investors continue to pour capital into alternative investments. The company sees a massive and largely untapped market to bring alternative investment products to high-net-worth investors. That should drive continued growth in its fee-related earnings, providing Blackstone with more money to pay dividends.The fuel to continue growingEnterprise Products Partners currently offers a monster yield at 7.5%. The energy master limited partnership (MLP) supports its big-time payout with stable cash flow and a top-notch financial profile. Its diversified energy midstream business produces steady earnings backed by long-term contracts and government-regulated rate structures. Meanwhile, it pays out a conservative portion of its cash flow from operations (56%) to support its distribution. Enterprise also has a top-tier balance sheet.That strong financial profile allows the company to fund expansion projects and acquisitions. It currently has $5.5 billion of organic expansions under construction and more in development. Those projects give it lots of visibility into its growth. Because of all these factors, Enterprise Products Partners should be able to continue increasing its distribution. It has grown its payout by 5.4% over the past year and given investors a raise for 24 straight years.Cashing on its completed expansion phaseONEOK has delivered dividend stability for more than 25 years. While the pipeline company hasn't increased its payment every year, it has grown at a 13% compound annual rate since 2000. The company offers an attractive yield that's currently around 5.5%.ONEOK should be able to continue growing its payout in the future. The company has significant earnings power from the $5 billion of expansion projects it has placed into service in recent years. They position it to capitalize on growing volumes as oil and gas producers increase their output in the future. With minimal capital needs following that major expansion phase and a solid balance sheet, ONEOK should have the free cash flow to grow its already sizable payout.Sector-leading consistencyVerizon generates a tremendous amount of cash. The telecom giant produced a prodigious $37.1 billion cash flow from operations last year. This money funded its $23.1 billion in capital expenditures (including building out its 5G network) and $10.8 billion in dividend payments, with $3.3 billion to spare. That enabled the company to reduce debt and maintain a strong investment-grade balance sheet.Verizon's robust cash flow enables the company to pay an attractive dividend (it currently yields 6.5%) that it steadily increases. The company gave its investors a modest raise last September, marking its 16th straight year of increasing the payout. That's the longest current streak in the U.S. telecom sector.Positioned to continue growingW. P. Carey has also consistently increased its payout, which yields an attractive 5.1% right now. The diversified REIT has given its investors a raise at least once each year since its initial public offering in 1998. That steady growth should continue.The REIT is currently getting a big boost from inflation-escalation clauses in its leases. They should help drive above-average rent growth into 2024. In addition, the company has a strong investment-grade balance sheet (it recently received a rating upgrade, showcasing its financial strength), giving it the flexibility to continue acquiring income-producing real estate. W. P. Carey invested $1.42 billion on new properties last year and entered 2023 with a strong deal pipeline of over $500 million of opportunities.Top-notch dividend stocksBlackstone, Enterprise Products Partners, ONEOK, Verizon, and W. P. Carey are exceptional dividend stocks. They all have a long history of growing their dividends. They should be able to continue increasing their above-average payouts in the future. That positions them to produce attractive total returns, making them great income stocks to buy right now.","news_type":1},"isVote":1,"tweetType":1,"viewCount":8,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9940451364,"gmtCreate":1678129133259,"gmtModify":1678129137425,"author":{"id":"4133623950260892","authorId":"4133623950260892","name":"Aidukas","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4133623950260892","authorIdStr":"4133623950260892"},"themes":[],"htmlText":"I wait to 2067 ,in another world.","listText":"I wait to 2067 ,in another world.","text":"I wait to 2067 ,in another world.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":12,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9940451364","repostId":"2316113551","repostType":4,"repost":{"id":"2316113551","kind":"highlight","pubTimestamp":1678116820,"share":"https://ttm.financial/m/news/2316113551?lang=&edition=fundamental","pubTime":"2023-03-06 23:33","market":"us","language":"en","title":"Prediction: These 3 S&P 500 Stocks Will at Least Double in 7 Years","url":"https://stock-news.laohu8.com/highlight/detail?id=2316113551","media":"Motley Fool","summary":"These large-cap stocks should grow much larger.","content":"<html><head></head><body><p>There&#39;s an old joke about a person being asked, &#34;How many people work in your office?&#34; The person responds, &#34;About half of them.&#34;</p><p>This punchline comes to mind when I look at the <b>S&amp;P 500</b>. Many of the stocks in the index don&#39;t perform all that well over time. But as the more-successful stocks outperform, they earn an increased weighting in the S&amp;P 500 because of their larger market caps.</p><p>Which stocks in the S&amp;P 500 will work the most for investors throughout this decade? It&#39;s impossible to know for sure. However, I&#39;ll make a prediction: The following three S&amp;P 500 stocks will at least double in seven years.</p><h2>1. Amazon</h2><p>The larger a company grows, the harder it can be to deliver the same rate of expansion. But that doesn&#39;t mean really big companies can&#39;t grow significantly. I think <b>Amazon</b> has proved this point in the past and will continue to do so.</p><p>When asked about Amazon, the first thoughts of many individuals would probably be about the company&#39;s online shopping platform or its Prime Video streaming service. My view is that both could be solid growth drivers over the coming years. But they won&#39;t be the most important factors in enabling the stock to double.</p><p>Instead, that honor belongs to Amazon Web Services (AWS). As much as 95% of worldwide IT spending goes toward on-premises hosting rather than in the cloud. CEO Andy Jassy expects &#34;the equation is going to shift and flip&#34; over the next 10 to 15 years with a lot more spending on cloud hosting versus on-premises hosting. If he&#39;s right (and I think he is), Amazon is a no-brainer stock to buy right now.</p><p>AWS already ranks as the biggest cloud-hosting provider. It&#39;s also Amazon&#39;s most profitable segment. The company&#39;s profits should explode by the end of the decade with the transition to the cloud. My confidence level is pretty high that Amazon&#39;s share price will at least double within seven years or less.</p><h2>2. Digital Realty Trust</h2><p><b>Digital Realty Trust</b> isn&#39;t the household name that Amazon is. However, the company should benefit from the same trend that Amazon will.</p><p>Digital Realty Trust owns more than 300 data centers. The transition to the cloud should be a key growth driver for the company.</p><p>A quick glance at Digital Realty Trust&#39;s top customers reveals a Who&#39;s Who in the technology world. A long list of major cloud providers, software specialists, social media companies, and telecommunications giants use Digital Realty Trust&#39;s data centers.</p><p>If you only look at Digital Realty&#39;s stock performance over the last 10 years, you might doubt that it could double by 2030. But it&#39;s important to consider total returns rather than share-price appreciation alone.</p><p>Digital Realty Trust is a real estate investment trust (REIT) and must return at least 90% of its income to shareholders to avoid paying federal taxes. Its dividend yield tops 4.8%. With that high yield, the stock won&#39;t have to deliver huge gains for Digital Realty Trust to generate total returns of 100% or more over the next seven years.</p><h2>3. Vertex Pharmaceuticals</h2><p>I think that <b>Vertex Pharmaceuticals</b> is another S&amp;P 500 stock with a clear path to doubling or more by 2030. The company already enjoys a monopoly in treating the underlying cause of cystic fibrosis (CF).</p><p>Vertex could increase its market by roughly 50% by securing additional approvals and reimbursement deals for its existing CF drugs and by achieving success with its experimental messenger RNA CF therapy VX-522.</p><p>But Vertex has even greater growth opportunities beyond CF. It hopes to win regulatory approvals for exa-cel, a gene-editing therapy developed with <b>CRISPR Therapeutics</b>, as soon as later this year. Exa-cel could generate peak annual sales of at least $2 billion in treating sickle cell disease and transfusion-dependent beta-thalassemia.</p><p>Non-opioid pain drug VX-548 could also make it to market within the next couple of years. Vertex believes that this therapy has multibillion-dollar potential.</p><p>The big biotech is also making good progress in its clinical testing of inaxaplin in treating APOL1-mediated kidney disease (AMKD). There are more patients with AMKD than there are CF patients.</p><p>Vertex could have other major catalysts over the next few years as well, notably from progress with its clinical programs that could hold a cure for type 1 diabetes.</p><p>Biotech stocks face the risk that their pipeline programs could flop in clinical studies or fail to win regulatory approvals. But my view is that Vertex has enough arrows in its quiver that it will be able to double investors&#39; money within the next seven years.</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>Prediction: These 3 S&P 500 Stocks Will at Least Double in 7 Years</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\">\nPrediction: These 3 S&P 500 Stocks Will at Least Double in 7 Years\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-06 23:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2023/03/04/prediction-these-3-sp-500-stocks-will-double/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>There's an old joke about a person being asked, \"How many people work in your office?\" The person responds, \"About half of them.\"This punchline comes to mind when I look at the S&P 500. Many of the ...</p>\n\n<a href=\"https://www.fool.com/investing/2023/03/04/prediction-these-3-sp-500-stocks-will-double/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊","VRTX":"福泰制药","DLR":"数字房地产信托公司"},"source_url":"https://www.fool.com/investing/2023/03/04/prediction-these-3-sp-500-stocks-will-double/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2316113551","content_text":"There's an old joke about a person being asked, \"How many people work in your office?\" The person responds, \"About half of them.\"This punchline comes to mind when I look at the S&P 500. Many of the stocks in the index don't perform all that well over time. But as the more-successful stocks outperform, they earn an increased weighting in the S&P 500 because of their larger market caps.Which stocks in the S&P 500 will work the most for investors throughout this decade? It's impossible to know for sure. However, I'll make a prediction: The following three S&P 500 stocks will at least double in seven years.1. AmazonThe larger a company grows, the harder it can be to deliver the same rate of expansion. But that doesn't mean really big companies can't grow significantly. I think Amazon has proved this point in the past and will continue to do so.When asked about Amazon, the first thoughts of many individuals would probably be about the company's online shopping platform or its Prime Video streaming service. My view is that both could be solid growth drivers over the coming years. But they won't be the most important factors in enabling the stock to double.Instead, that honor belongs to Amazon Web Services (AWS). As much as 95% of worldwide IT spending goes toward on-premises hosting rather than in the cloud. CEO Andy Jassy expects \"the equation is going to shift and flip\" over the next 10 to 15 years with a lot more spending on cloud hosting versus on-premises hosting. If he's right (and I think he is), Amazon is a no-brainer stock to buy right now.AWS already ranks as the biggest cloud-hosting provider. It's also Amazon's most profitable segment. The company's profits should explode by the end of the decade with the transition to the cloud. My confidence level is pretty high that Amazon's share price will at least double within seven years or less.2. Digital Realty TrustDigital Realty Trust isn't the household name that Amazon is. However, the company should benefit from the same trend that Amazon will.Digital Realty Trust owns more than 300 data centers. The transition to the cloud should be a key growth driver for the company.A quick glance at Digital Realty Trust's top customers reveals a Who's Who in the technology world. A long list of major cloud providers, software specialists, social media companies, and telecommunications giants use Digital Realty Trust's data centers.If you only look at Digital Realty's stock performance over the last 10 years, you might doubt that it could double by 2030. But it's important to consider total returns rather than share-price appreciation alone.Digital Realty Trust is a real estate investment trust (REIT) and must return at least 90% of its income to shareholders to avoid paying federal taxes. Its dividend yield tops 4.8%. With that high yield, the stock won't have to deliver huge gains for Digital Realty Trust to generate total returns of 100% or more over the next seven years.3. Vertex PharmaceuticalsI think that Vertex Pharmaceuticals is another S&P 500 stock with a clear path to doubling or more by 2030. The company already enjoys a monopoly in treating the underlying cause of cystic fibrosis (CF).Vertex could increase its market by roughly 50% by securing additional approvals and reimbursement deals for its existing CF drugs and by achieving success with its experimental messenger RNA CF therapy VX-522.But Vertex has even greater growth opportunities beyond CF. It hopes to win regulatory approvals for exa-cel, a gene-editing therapy developed with CRISPR Therapeutics, as soon as later this year. Exa-cel could generate peak annual sales of at least $2 billion in treating sickle cell disease and transfusion-dependent beta-thalassemia.Non-opioid pain drug VX-548 could also make it to market within the next couple of years. Vertex believes that this therapy has multibillion-dollar potential.The big biotech is also making good progress in its clinical testing of inaxaplin in treating APOL1-mediated kidney disease (AMKD). There are more patients with AMKD than there are CF patients.Vertex could have other major catalysts over the next few years as well, notably from progress with its clinical programs that could hold a cure for type 1 diabetes.Biotech stocks face the risk that their pipeline programs could flop in clinical studies or fail to win regulatory approvals. But my view is that Vertex has enough arrows in its quiver that it will be able to double investors' money within the next seven years.","news_type":1},"isVote":1,"tweetType":1,"viewCount":9,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9957583418,"gmtCreate":1677393901534,"gmtModify":1677393905448,"author":{"id":"4133623950260892","authorId":"4133623950260892","name":"Aidukas","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4133623950260892","authorIdStr":"4133623950260892"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":12,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9957583418","repostId":"1106152290","repostType":4,"repost":{"id":"1106152290","kind":"news","pubTimestamp":1677379674,"share":"https://ttm.financial/m/news/1106152290?lang=&edition=fundamental","pubTime":"2023-02-26 10:47","market":"us","language":"en","title":"Top Calls on Wall Street This Week: Nvidia, Shopify, Occidental and More","url":"https://stock-news.laohu8.com/highlight/detail?id=1106152290","media":"TheFly","summary":"Top 5 Buy Calls:Goldman ups Nvidia to Buy, says “wrong” to have been waiting on sidelinesOn February","content":"<html><head></head><body><p><b><u>Top 5 Buy Calls:</u></b></p><p><b>Goldman ups Nvidia to Buy, says “wrong” to have been waiting on sidelines</b></p><p>On February 23, Goldman Sachs upgraded Nvidia (NVDA) to Buy from Neutral with a price target of $275, up from $162, based on a normalized EPS estimate of $5.00, up from $4.50 on higher peak EPS. The company &#34;delivered an impressive quarter&#34; and in hindsight, the firm acknowledges that its &#34;decision to remain on the sidelines in anticipation of a pullback in the company&#39;s fundamentals was wrong.&#34; While recognizing that the stock has meaningfully outperformed the group year-to-date, Goldman believes the combination of positive estimate revisions and a potential expansion in the stock&#39;s multiple consistent with historical recovery phases will drive continued outperformance.</p><p><b>DA Davidson upgrades Shopify on recent pullback on shares</b></p><p>On February 22, DA Davidson upgraded Shopify (SHOP) to Buy from Neutral with an unchanged price target of $50. The firm believes the over 20% selloff post earnings has created an attractive entry point. Current consensus estimates could prove conservative and a return to small losses &#34;is a fleeting issue,&#34; DA Davidson tells investors in a research note. The firm views the opportunity for Shopify Audiences as underappreciated and is &#34;encouraged&#34; by Shopify&#39;s competitive positioning in the mobile market. It sees Shopify as one of the most important software companies.</p><p><b>Loop Capital starts Walgreens Boots at Buy, sees higher growth from healthcare</b></p><p>On February 23, Loop Capital initiated coverage of Walgreens Boots Alliance (WBA) with a Buy rating and $45 price target. The company&#39;s new healthcare platform will &#34;significantly enhance&#34; the value of its stores to consumers by affording them more convenient access to healthcare services, the firm tells investors in a research note. Loop Capital adds that Walgreens&#39; assembled portfolio of health care providers should strengthen its core retail business and accelerate its growth and profitability by increasing its engagement with consumers.</p><p><b>SVB Securities upgrades Teladoc to Outperform as bear thesis reflected in shares</b></p><p>On February 23, SVB Securities upgraded Teladoc (TDOC) to Outperform from Market Perform with a $34 price target. The firm &#34;fully acknowledges&#34; that the call will be met with a high level of pushback given the quarter&#39;s miss in both 2023 and Q1 2023 guidance. While SVB expects shares will be down, with Teladoc&#39;s bear case largely playing out over the past year and a half, it believes the valuation will fully reflect the downside scenario-effectively, and be past the final overhang. The firm sees a set-up of achievable 2023 guidance that has baked in meaningful conservatism around macro and a narrowing pool of incremental negative datapoints, all against the backdrop of 19% short interest.</p><p><b>Wolfe upgrades Merck with pipeline “big enough to matter”</b></p><p>On February 22, Wolfe Research upgraded Merck (MRK) to Outperform from Peer Perform with a $127 price target. The company &#34;finally has a pipeline that is big enough to matter,&#34; the firm tells investors in a research note. Wolfe Research says that given the various sources of optionality that lie ahead for Merck, either in the pipeline or in the base business, further multiple expansion of the shares is possible.</p><p><b><u>Top 5 Sell Calls:</u></b></p><p><b>JPMorgan cuts AutoNation to Underweight, sees capital deployment having little accretion</b></p><p>On February 21, JPMorgan downgraded AutoNation (AN) to Underweight from Neutral with a price target of $130, up from $125. The firm believes the company&#39;s recent capital deployment will have little accretion in the near-term. AutoNation&#39;s investments are expected to increase, buybacks are likely to take a step back, and its move to more acquisitions and related execution credibility &#34;will take time to establish,&#34; JPMorgan tells investors in a research note. As such, the firm sees a less attractive risk/reward at current share levels.</p><p><b>UBS downgrades DocuSign to Sell following another workforce reduction</b></p><p>On February 21, UBS downgraded DocuSign (DOCU) to Sell from Neutral with a $52 price target. The company had announced in the week prior a 10% workforce reduction after the 9% reduction in September, sending a negative demand signal about 2024 growth that may not be factored into the stock, the firm noted. Its free cash flow also does not look compelling relative to other low-growth software peers, UBS added.</p><p><b>Wells Fargo downgrades Cable One to Underweight on key negative catalysts</b></p><p>On February 21, Wells Fargo downgraded Cable One (CABO) to Underweight from Equal Weight with a price target of $680, down from $850. Slowing broadband subscriber growth, likely from competition, and a &#34;dilutive&#34; 2025 put to consolidate Mega Broadband are key negative catalysts that will de-rate shares of Cable One, the firm tells investors in a research note. Wells says slower subscriber growth and &#34;rapid&#34; video declines warrant a lower multiple for the shares</p><p><b>BTIG downgrades LGI Homes to Sell on stock’s relative valuation</b></p><p>On February 22, BTIG downgraded LGI Homes (LGIH) to Sell from Neutral with a $73 price target. The downgrade is largely based on the stock&#39;s relative valuation as opposed to a specific catalyst or change in view on housing demand, the firm tells investors in a research note. BTIG sees LGI&#39;s relative and absolute valuation as high. The stock carries a 36% premium to the group, though the company&#39;s return on equity will not exceed cost of equity this year, the firm says. BTIG also believes LGI&#39;s customer base is the most sensitive to interest rates among all the builders it covers.</p><p><b>More bearish, Evercore ISI cuts Occidental Petroleum to Underperform</b></p><p>On February 22, Evercore ISI downgraded Occidental Petroleum (OXY) to Underperform from In Line with a price target of $60, down from $74. The firm says the overhang from the redemption of preferred shares should persist over the near- to mid-term. In addition, Occidental has less crude leverage than perceived, the firm tells investors in a research note. Evercore ISI expects the stock to be more range-bound than peers and views Occidental as a good source of funds.</p></body></html>","source":"lsy1666364704704","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>Top Calls on Wall Street This Week: Nvidia, Shopify, Occidental and More</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTop Calls on Wall Street This Week: Nvidia, Shopify, Occidental and More\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-02-26 10:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thefly.com/landingPageNews.php?id=3669765&headline=NVDA;SHOP;WBA;TDOC;MRK;AN;DOCU;CABO;LGIH;OXY-BuySell-Wall-Streets-top--stock-calls-this-week&utm_source=https://thefly.com/&utm_medium=referral&utm_campaign=referral_traffic><strong>TheFly</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Top 5 Buy Calls:Goldman ups Nvidia to Buy, says “wrong” to have been waiting on sidelinesOn February 23, Goldman Sachs upgraded Nvidia (NVDA) to Buy from Neutral with a price target of $275, up from $...</p>\n\n<a href=\"https://thefly.com/landingPageNews.php?id=3669765&headline=NVDA;SHOP;WBA;TDOC;MRK;AN;DOCU;CABO;LGIH;OXY-BuySell-Wall-Streets-top--stock-calls-this-week&utm_source=https://thefly.com/&utm_medium=referral&utm_campaign=referral_traffic\">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","OXY":"西方石油","NVDA":"英伟达"},"source_url":"https://thefly.com/landingPageNews.php?id=3669765&headline=NVDA;SHOP;WBA;TDOC;MRK;AN;DOCU;CABO;LGIH;OXY-BuySell-Wall-Streets-top--stock-calls-this-week&utm_source=https://thefly.com/&utm_medium=referral&utm_campaign=referral_traffic","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106152290","content_text":"Top 5 Buy Calls:Goldman ups Nvidia to Buy, says “wrong” to have been waiting on sidelinesOn February 23, Goldman Sachs upgraded Nvidia (NVDA) to Buy from Neutral with a price target of $275, up from $162, based on a normalized EPS estimate of $5.00, up from $4.50 on higher peak EPS. The company \"delivered an impressive quarter\" and in hindsight, the firm acknowledges that its \"decision to remain on the sidelines in anticipation of a pullback in the company's fundamentals was wrong.\" While recognizing that the stock has meaningfully outperformed the group year-to-date, Goldman believes the combination of positive estimate revisions and a potential expansion in the stock's multiple consistent with historical recovery phases will drive continued outperformance.DA Davidson upgrades Shopify on recent pullback on sharesOn February 22, DA Davidson upgraded Shopify (SHOP) to Buy from Neutral with an unchanged price target of $50. The firm believes the over 20% selloff post earnings has created an attractive entry point. Current consensus estimates could prove conservative and a return to small losses \"is a fleeting issue,\" DA Davidson tells investors in a research note. The firm views the opportunity for Shopify Audiences as underappreciated and is \"encouraged\" by Shopify's competitive positioning in the mobile market. It sees Shopify as one of the most important software companies.Loop Capital starts Walgreens Boots at Buy, sees higher growth from healthcareOn February 23, Loop Capital initiated coverage of Walgreens Boots Alliance (WBA) with a Buy rating and $45 price target. The company's new healthcare platform will \"significantly enhance\" the value of its stores to consumers by affording them more convenient access to healthcare services, the firm tells investors in a research note. Loop Capital adds that Walgreens' assembled portfolio of health care providers should strengthen its core retail business and accelerate its growth and profitability by increasing its engagement with consumers.SVB Securities upgrades Teladoc to Outperform as bear thesis reflected in sharesOn February 23, SVB Securities upgraded Teladoc (TDOC) to Outperform from Market Perform with a $34 price target. The firm \"fully acknowledges\" that the call will be met with a high level of pushback given the quarter's miss in both 2023 and Q1 2023 guidance. While SVB expects shares will be down, with Teladoc's bear case largely playing out over the past year and a half, it believes the valuation will fully reflect the downside scenario-effectively, and be past the final overhang. The firm sees a set-up of achievable 2023 guidance that has baked in meaningful conservatism around macro and a narrowing pool of incremental negative datapoints, all against the backdrop of 19% short interest.Wolfe upgrades Merck with pipeline “big enough to matter”On February 22, Wolfe Research upgraded Merck (MRK) to Outperform from Peer Perform with a $127 price target. The company \"finally has a pipeline that is big enough to matter,\" the firm tells investors in a research note. Wolfe Research says that given the various sources of optionality that lie ahead for Merck, either in the pipeline or in the base business, further multiple expansion of the shares is possible.Top 5 Sell Calls:JPMorgan cuts AutoNation to Underweight, sees capital deployment having little accretionOn February 21, JPMorgan downgraded AutoNation (AN) to Underweight from Neutral with a price target of $130, up from $125. The firm believes the company's recent capital deployment will have little accretion in the near-term. AutoNation's investments are expected to increase, buybacks are likely to take a step back, and its move to more acquisitions and related execution credibility \"will take time to establish,\" JPMorgan tells investors in a research note. As such, the firm sees a less attractive risk/reward at current share levels.UBS downgrades DocuSign to Sell following another workforce reductionOn February 21, UBS downgraded DocuSign (DOCU) to Sell from Neutral with a $52 price target. The company had announced in the week prior a 10% workforce reduction after the 9% reduction in September, sending a negative demand signal about 2024 growth that may not be factored into the stock, the firm noted. Its free cash flow also does not look compelling relative to other low-growth software peers, UBS added.Wells Fargo downgrades Cable One to Underweight on key negative catalystsOn February 21, Wells Fargo downgraded Cable One (CABO) to Underweight from Equal Weight with a price target of $680, down from $850. Slowing broadband subscriber growth, likely from competition, and a \"dilutive\" 2025 put to consolidate Mega Broadband are key negative catalysts that will de-rate shares of Cable One, the firm tells investors in a research note. Wells says slower subscriber growth and \"rapid\" video declines warrant a lower multiple for the sharesBTIG downgrades LGI Homes to Sell on stock’s relative valuationOn February 22, BTIG downgraded LGI Homes (LGIH) to Sell from Neutral with a $73 price target. The downgrade is largely based on the stock's relative valuation as opposed to a specific catalyst or change in view on housing demand, the firm tells investors in a research note. BTIG sees LGI's relative and absolute valuation as high. The stock carries a 36% premium to the group, though the company's return on equity will not exceed cost of equity this year, the firm says. BTIG also believes LGI's customer base is the most sensitive to interest rates among all the builders it covers.More bearish, Evercore ISI cuts Occidental Petroleum to UnderperformOn February 22, Evercore ISI downgraded Occidental Petroleum (OXY) to Underperform from In Line with a price target of $60, down from $74. The firm says the overhang from the redemption of preferred shares should persist over the near- to mid-term. In addition, Occidental has less crude leverage than perceived, the firm tells investors in a research note. Evercore ISI expects the stock to be more range-bound than peers and views Occidental as a good source of funds.","news_type":1},"isVote":1,"tweetType":1,"viewCount":7,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9957090510,"gmtCreate":1676705449130,"gmtModify":1676705452828,"author":{"id":"4133623950260892","authorId":"4133623950260892","name":"Aidukas","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4133623950260892","authorIdStr":"4133623950260892"},"themes":[],"htmlText":"Hello&nbsp;","listText":"Hello&nbsp;","text":"Hello","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9957090510","repostId":"1172500092","repostType":4,"repost":{"id":"1172500092","kind":"news","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":1676779050,"share":"https://ttm.financial/m/news/1172500092?lang=&edition=fundamental","pubTime":"2023-02-19 11:57","market":"us","language":"en","title":"Grab Q4 Earnings Preview: Wall Street Posted Mixed View of Its Pathway to Profitability","url":"https://stock-news.laohu8.com/highlight/detail?id=1172500092","media":"Tiger Newspress","summary":"Grab updated FY22 GMV growth outlook to 22% - 25% Y/Y and raised revenue to $1.32 billion - $1.35 bi","content":"<html><head></head><body><blockquote>Grab updated FY22 GMV growth outlook to 22% - 25% Y/Y and raised revenue to $1.32 billion - $1.35 billion. However, JPMorgan, Deutsche Bank and Bank of America posted mixed views.</blockquote><p>Grab is scheduled to announce Q4 earnings results before the U.S. market opens on February 23, 2023.</p><h2>Latest Results</h2><p>Revenue rose 143% YoY to $382 million, total GMV grew 26% YoY or 32% YoY on a constant currency basis, and loss for the quarter was $342 million.</p><h2>Q4 Guidance</h2><p>Grab sees Q4 Deliveries GMV of $2.40 billion - $2.50 billion, Mobility GMV of $1.10 billion - $1.15 billion, and Financial Services Pre-InterCo TPV of $3.60 billion - $3.70 billion.</p><p>It updated FY22 GMV growth outlook to 22% - 25% Y/Y from the previous 21% - 25% Y/Y,and raised revenue to $1.32 billion - $1.35 billion, up from the last $1.25 billion - $1.30 billion.</p><h2>Grab Introduced Cost-Cutting Measures to Beat the Macro Headwinds</h2><p>Grab&#39;s measures included a freeze on most hirings, salary freezes for senior managers, and cuts in travel and expense budgets.</p><p>Southeast Asia has not, and will not, be spared from rising prices and interest rates and the consequent effects on growth, CEO Anthony Tan said.</p><p>The company tried to stem losses by focusing on higher-paying customers and lowering incentive spending.</p><h2>Grab Reaffirmed Its Pathway to Profitability</h2><p>During its investor day in September this year, the company shared its goal to reach group-adjusted EBITDA breakeven in the second half of 2024.</p><p>The company reaffirmed this target during the most recent earnings call, saying it remains confident that the $5.3 billion of net cash liquidity as of the third quarter should be a big enough buffer to allow the company to reach its expected group adjusted EBITDA breakeven in the second half of 2024.</p><h2>Analyst Opinions</h2><p>JPMorgan analyst Ranjan Sharma downgraded Grab Holdings to Underweight from Neutral with a price target of $2.80, down from $3.20. MobilityGMV could fall short of aggressive Street expectations and will be $5.2bn in 2023 and may reach $6bn in 2024.</p><p>Deutsche Bank maintained a Buy rating with a price target of $3.80. The company may improve degrees of freedom for 2024 breakeven. GMV growth in 2023 will likely remain sober (+9% YoY), and overall revenue growth is forecast at 43%YoY reflecting monetization efforts via lower incentives and better commissions.</p><p>Bank of America analyst Sachin Sagoankar upgraded a Buy rating from Neutral with a price target of $4.20 from $3.60. For mobility, in 2023 they expect the driver supply issue to be resolved. They also expect Grab to reduce its overall pricing to ensure no negative elasticity impact on consumer demand. In delivery, they expect Grab to scale up in grocery and quick commerce to benefit from increasing demand there and offset any slowdown in food. They don’t expect a higher cash burn as the focus appears to be on mid-to-high-end users.</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>Grab Q4 Earnings Preview: Wall Street Posted Mixed View of Its Pathway to Profitability</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\">\nGrab Q4 Earnings Preview: Wall Street Posted Mixed View of Its Pathway to Profitability\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\">2023-02-19 11:57</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><blockquote>Grab updated FY22 GMV growth outlook to 22% - 25% Y/Y and raised revenue to $1.32 billion - $1.35 billion. However, JPMorgan, Deutsche Bank and Bank of America posted mixed views.</blockquote><p>Grab is scheduled to announce Q4 earnings results before the U.S. market opens on February 23, 2023.</p><h2>Latest Results</h2><p>Revenue rose 143% YoY to $382 million, total GMV grew 26% YoY or 32% YoY on a constant currency basis, and loss for the quarter was $342 million.</p><h2>Q4 Guidance</h2><p>Grab sees Q4 Deliveries GMV of $2.40 billion - $2.50 billion, Mobility GMV of $1.10 billion - $1.15 billion, and Financial Services Pre-InterCo TPV of $3.60 billion - $3.70 billion.</p><p>It updated FY22 GMV growth outlook to 22% - 25% Y/Y from the previous 21% - 25% Y/Y,and raised revenue to $1.32 billion - $1.35 billion, up from the last $1.25 billion - $1.30 billion.</p><h2>Grab Introduced Cost-Cutting Measures to Beat the Macro Headwinds</h2><p>Grab&#39;s measures included a freeze on most hirings, salary freezes for senior managers, and cuts in travel and expense budgets.</p><p>Southeast Asia has not, and will not, be spared from rising prices and interest rates and the consequent effects on growth, CEO Anthony Tan said.</p><p>The company tried to stem losses by focusing on higher-paying customers and lowering incentive spending.</p><h2>Grab Reaffirmed Its Pathway to Profitability</h2><p>During its investor day in September this year, the company shared its goal to reach group-adjusted EBITDA breakeven in the second half of 2024.</p><p>The company reaffirmed this target during the most recent earnings call, saying it remains confident that the $5.3 billion of net cash liquidity as of the third quarter should be a big enough buffer to allow the company to reach its expected group adjusted EBITDA breakeven in the second half of 2024.</p><h2>Analyst Opinions</h2><p>JPMorgan analyst Ranjan Sharma downgraded Grab Holdings to Underweight from Neutral with a price target of $2.80, down from $3.20. MobilityGMV could fall short of aggressive Street expectations and will be $5.2bn in 2023 and may reach $6bn in 2024.</p><p>Deutsche Bank maintained a Buy rating with a price target of $3.80. The company may improve degrees of freedom for 2024 breakeven. GMV growth in 2023 will likely remain sober (+9% YoY), and overall revenue growth is forecast at 43%YoY reflecting monetization efforts via lower incentives and better commissions.</p><p>Bank of America analyst Sachin Sagoankar upgraded a Buy rating from Neutral with a price target of $4.20 from $3.60. For mobility, in 2023 they expect the driver supply issue to be resolved. They also expect Grab to reduce its overall pricing to ensure no negative elasticity impact on consumer demand. In delivery, they expect Grab to scale up in grocery and quick commerce to benefit from increasing demand there and offset any slowdown in food. They don’t expect a higher cash burn as the focus appears to be on mid-to-high-end users.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GRAB":"Grab Holdings"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1172500092","content_text":"Grab updated FY22 GMV growth outlook to 22% - 25% Y/Y and raised revenue to $1.32 billion - $1.35 billion. However, JPMorgan, Deutsche Bank and Bank of America posted mixed views.Grab is scheduled to announce Q4 earnings results before the U.S. market opens on February 23, 2023.Latest ResultsRevenue rose 143% YoY to $382 million, total GMV grew 26% YoY or 32% YoY on a constant currency basis, and loss for the quarter was $342 million.Q4 GuidanceGrab sees Q4 Deliveries GMV of $2.40 billion - $2.50 billion, Mobility GMV of $1.10 billion - $1.15 billion, and Financial Services Pre-InterCo TPV of $3.60 billion - $3.70 billion.It updated FY22 GMV growth outlook to 22% - 25% Y/Y from the previous 21% - 25% Y/Y,and raised revenue to $1.32 billion - $1.35 billion, up from the last $1.25 billion - $1.30 billion.Grab Introduced Cost-Cutting Measures to Beat the Macro HeadwindsGrab's measures included a freeze on most hirings, salary freezes for senior managers, and cuts in travel and expense budgets.Southeast Asia has not, and will not, be spared from rising prices and interest rates and the consequent effects on growth, CEO Anthony Tan said.The company tried to stem losses by focusing on higher-paying customers and lowering incentive spending.Grab Reaffirmed Its Pathway to ProfitabilityDuring its investor day in September this year, the company shared its goal to reach group-adjusted EBITDA breakeven in the second half of 2024.The company reaffirmed this target during the most recent earnings call, saying it remains confident that the $5.3 billion of net cash liquidity as of the third quarter should be a big enough buffer to allow the company to reach its expected group adjusted EBITDA breakeven in the second half of 2024.Analyst OpinionsJPMorgan analyst Ranjan Sharma downgraded Grab Holdings to Underweight from Neutral with a price target of $2.80, down from $3.20. MobilityGMV could fall short of aggressive Street expectations and will be $5.2bn in 2023 and may reach $6bn in 2024.Deutsche Bank maintained a Buy rating with a price target of $3.80. The company may improve degrees of freedom for 2024 breakeven. GMV growth in 2023 will likely remain sober (+9% YoY), and overall revenue growth is forecast at 43%YoY reflecting monetization efforts via lower incentives and better commissions.Bank of America analyst Sachin Sagoankar upgraded a Buy rating from Neutral with a price target of $4.20 from $3.60. For mobility, in 2023 they expect the driver supply issue to be resolved. They also expect Grab to reduce its overall pricing to ensure no negative elasticity impact on consumer demand. In delivery, they expect Grab to scale up in grocery and quick commerce to benefit from increasing demand there and offset any slowdown in food. They don’t expect a higher cash burn as the focus appears to be on mid-to-high-end users.","news_type":1},"isVote":1,"tweetType":1,"viewCount":17,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}