LTKalien personal page - To The Moon

LTKalien

LTKalien

⏰️ be happy daily 🍷

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2023-09-19

A whale diarrhoea? He has the right to do so though! What can shrimp do? Suck it up. May peace follows. Good luck!

Wang Xing Dumps Li Auto Shares Over 4 Straight Days to Pocket $310M

2023-05-12

So the new CEO will need to seek advice or orders from the chief technology officer? Sound like a CEO of public relations. Time to gives Twitter a softer image, good luck!

Elon Musk Says He’s Stepping Down as Twitter’s CEO

2023-04-29

Blood in the water, here comes the shark. FDIC takes over all the toxic debts, American tax payers pays for those. Not so great for First Rep shareholders and maybe put options holders' too.

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2023-04-11

"I wasn't aware" [Happy] [LOL] [Blush] For normal investors, we have to be stupid to believe you too. Cheers. I'm stupid. [Gosh]

Lawmakers Trade Bank Stocks While Working on U.S. Bank-Failure Fallout

2023-03-10

The Data coming out on Friday, pre date the SVB crisis. I certainly hope various analysts can see this, and do not take the easy route of lumping such sensational news together. Although sensational news do sells easier, just try to be truthful.

New Jobs Data Could Decide the Fed’s Next Move. What to Expect

2023-03-10

Good insights. Stay invested & not worry over investing at the lowest environment, which is impossible. Heaven indeed.

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2023-03-07

Much appreciated. Shall wait and see, patience might be golden.

Sorry, the original content has been removed

Go to Tiger App to see more news

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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\">\nWang Xing Dumps Li Auto Shares Over 4 Straight Days to Pocket $310M\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-09-19 13:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.aastocks.com/en/stocks/news/aafn-con/NOW.1294716/popular-news/HK6><strong>aastocks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wang Xing, CEO of Meituan and non-executive director of Li Auto, dumped 1.9479 million shares of Li Auto over four consecutive sessions from last Tuesday to last Friday (12th-15th), at an average ...</p>\n\n<a href=\"http://www.aastocks.com/en/stocks/news/aafn-con/NOW.1294716/popular-news/HK6\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LI":"理想汽车","02015":"理想汽车-W"},"source_url":"http://www.aastocks.com/en/stocks/news/aafn-con/NOW.1294716/popular-news/HK6","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124026342","content_text":"Wang Xing, CEO of Meituan and non-executive director of Li Auto, dumped 1.9479 million shares of Li Auto over four consecutive sessions from last Tuesday to last Friday (12th-15th), at an average price of $157.84-160.51 per share, cashing in approximately $311 million in total, according to shareholding disclosure information from the Stock Exchange.Li Auto HK shares slipped 2.85% on Tuesday trading.","news_type":1},"isVote":1,"tweetType":1,"viewCount":303,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9970942523,"gmtCreate":1683860022363,"gmtModify":1683860026598,"author":{"id":"4138441693914192","authorId":"4138441693914192","name":"LTKalien","avatar":"https://community-static.tradeup.com/news/d2ccbfcfe6e70ce1130e526f89dc16d3","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4138441693914192","authorIdStr":"4138441693914192"},"themes":[],"htmlText":"So the new CEO will need to seek advice or orders from the chief technology officer? Sound like a CEO of public relations. Time to gives Twitter a softer image, good luck!","listText":"So the new CEO will need to seek advice or orders from the chief technology officer? Sound like a CEO of public relations. Time to gives Twitter a softer image, good luck!","text":"So the new CEO will need to seek advice or orders from the chief technology officer? Sound like a CEO of public relations. Time to gives Twitter a softer image, good luck!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970942523","repostId":"2334007087","repostType":2,"repost":{"id":"2334007087","pubTimestamp":1683846187,"share":"https://ttm.financial/m/news/2334007087?lang=&edition=fundamental","pubTime":"2023-05-12 07:03","market":"us","language":"en","title":"Elon Musk Says He’s Stepping Down as Twitter’s CEO","url":"https://stock-news.laohu8.com/highlight/detail?id=2334007087","media":"Bloomberg","summary":"(Bloomberg) -- Elon Musk said he will step down from the top job at Twitter and become its executive","content":"<html><head></head><body><p>(Bloomberg) -- Elon Musk said he will step down from the top job at Twitter and become its executive chair and chief technology officer. The social network’s billionaire owner said a new chief executive officer, whom he didn’t name but indicated is a woman, will start in about six weeks.</p><p>Musk bought Twitter for $44 billion last October and indicated that he’d only be in charge for a limited time to complete the organizational overhaul he thought the company needed to prosper. Musk complained of having “too much work” and sleeping at Twitter’s San Francisco headquarters while implementing radical changes. </p><p style=\"text-align: start;\">In December, Musk asked his Twitter followers if he should step down as CEO, and 57.5% said yes.</p><p style=\"text-align: start;\">Musk, who’s also CEO of Tesla Inc. and Space Exploration Technologies Corp., has drawn criticism for his abrupt policy changes and neglect of his other businesses. The next CEO will have to deal with an advertiser exodus. Despite a slight uptick in daily users since early 2022, Twitter’s revenue has fallen by 50% since October as a result of a “massive decline” in advertising, Musk said in March.</p><p style=\"text-align: start;\">He’s also changed the corporate name of Twitter’s parent to X Holdings, an entity which could eventually be the parent for all his businesses — an idea he has publicly mused about. Musk has also said he wants to build Twitter beyond social media and into an “everything app,” including financial services.</p><p>The company’s Twitter Blue subscription service plan has also been flailing, drawing less than 1% of the user base. Musk has cut thousands of jobs, scaled back the company’s content moderation and allowed accounts previously banned for breaking rules to return.</p><p style=\"text-align: start;\">When Musk was first starting at Twitter, he brought a roster of longtime loyal partners to help him temporarily, from across his disparate businesses. Several of these other companies have female executives in their top ranks, though it’s unclear whether he plans to pick someone he already works with to run the social network.</p><p style=\"text-align: start;\">Some top executives with ties to Musk, or whom pundits speculate might be on the list, include:</p><ul><li><p>At Twitter, Ella Irwin handles trust and safety.</p></li><li><p>Robyn Denholm is the chair of Tesla’s board of directors.</p></li><li><p>Gwynne Shotwell is SpaceX’s President and COO and also serves on SpaceX’s board.</p></li><li><p>Linda Yaccarino, who leads ads and partnerships for NBCUniversal, interviewed Musk last month at a major advertising conference in Miami. Recently, Twitter and NBCU expanded their Olympic Games partnership. Some have speculated she is the pick on Twitter.</p></li></ul></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>Elon Musk Says He’s Stepping Down as Twitter’s CEO</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\">\nElon Musk Says He’s Stepping Down as Twitter’s CEO\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-05-12 07:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-05-11/musk-to-name-new-twitter-ceo-will-shift-to-cto-executive-chair?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Elon Musk said he will step down from the top job at Twitter and become its executive chair and chief technology officer. The social network’s billionaire owner said a new chief ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-05-11/musk-to-name-new-twitter-ceo-will-shift-to-cto-executive-chair?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TWTR":"Twitter"},"source_url":"https://www.bloomberg.com/news/articles/2023-05-11/musk-to-name-new-twitter-ceo-will-shift-to-cto-executive-chair?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2334007087","content_text":"(Bloomberg) -- Elon Musk said he will step down from the top job at Twitter and become its executive chair and chief technology officer. The social network’s billionaire owner said a new chief executive officer, whom he didn’t name but indicated is a woman, will start in about six weeks.Musk bought Twitter for $44 billion last October and indicated that he’d only be in charge for a limited time to complete the organizational overhaul he thought the company needed to prosper. Musk complained of having “too much work” and sleeping at Twitter’s San Francisco headquarters while implementing radical changes. In December, Musk asked his Twitter followers if he should step down as CEO, and 57.5% said yes.Musk, who’s also CEO of Tesla Inc. and Space Exploration Technologies Corp., has drawn criticism for his abrupt policy changes and neglect of his other businesses. The next CEO will have to deal with an advertiser exodus. Despite a slight uptick in daily users since early 2022, Twitter’s revenue has fallen by 50% since October as a result of a “massive decline” in advertising, Musk said in March.He’s also changed the corporate name of Twitter’s parent to X Holdings, an entity which could eventually be the parent for all his businesses — an idea he has publicly mused about. Musk has also said he wants to build Twitter beyond social media and into an “everything app,” including financial services.The company’s Twitter Blue subscription service plan has also been flailing, drawing less than 1% of the user base. Musk has cut thousands of jobs, scaled back the company’s content moderation and allowed accounts previously banned for breaking rules to return.When Musk was first starting at Twitter, he brought a roster of longtime loyal partners to help him temporarily, from across his disparate businesses. Several of these other companies have female executives in their top ranks, though it’s unclear whether he plans to pick someone he already works with to run the social network.Some top executives with ties to Musk, or whom pundits speculate might be on the list, include:At Twitter, Ella Irwin handles trust and safety.Robyn Denholm is the chair of Tesla’s board of directors.Gwynne Shotwell is SpaceX’s President and COO and also serves on SpaceX’s board.Linda Yaccarino, who leads ads and partnerships for NBCUniversal, interviewed Musk last month at a major advertising conference in Miami. Recently, Twitter and NBCU expanded their Olympic Games partnership. Some have speculated she is the pick on Twitter.","news_type":1},"isVote":1,"tweetType":1,"viewCount":364,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9947171683,"gmtCreate":1682736714042,"gmtModify":1682736718582,"author":{"id":"4138441693914192","authorId":"4138441693914192","name":"LTKalien","avatar":"https://community-static.tradeup.com/news/d2ccbfcfe6e70ce1130e526f89dc16d3","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4138441693914192","authorIdStr":"4138441693914192"},"themes":[],"htmlText":"Blood in the water, here comes the shark. FDIC takes over all the toxic debts, American tax payers pays for those. Not so great for&nbsp;First Rep shareholders and maybe put options holders' too.&nbsp;","listText":"Blood in the water, here comes the shark. FDIC takes over all the toxic debts, American tax payers pays for those. Not so great for&nbsp;First Rep shareholders and maybe put options holders' too.&nbsp;","text":"Blood in the water, here comes the shark. FDIC takes over all the toxic debts, American tax payers pays for those. Not so great for First Rep shareholders and maybe put options holders' too.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9947171683","repostId":"2331683138","repostType":2,"isVote":1,"tweetType":1,"viewCount":307,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9942871844,"gmtCreate":1681194608288,"gmtModify":1681196050436,"author":{"id":"4138441693914192","authorId":"4138441693914192","name":"LTKalien","avatar":"https://community-static.tradeup.com/news/d2ccbfcfe6e70ce1130e526f89dc16d3","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4138441693914192","authorIdStr":"4138441693914192"},"themes":[],"htmlText":"\"I wasn't aware\"&nbsp;[Happy]&nbsp;[LOL]&nbsp;[Blush]&nbsp; For normal investors, we have to be stupid to believe you too. Cheers.&nbsp; I'm stupid.&nbsp;[Gosh]&nbsp;","listText":"\"I wasn't aware\"&nbsp;[Happy]&nbsp;[LOL]&nbsp;[Blush]&nbsp; For normal investors, we have to be stupid to believe you too. Cheers.&nbsp; I'm stupid.&nbsp;[Gosh]&nbsp;","text":"\"I wasn't aware\" [Happy] [LOL] [Blush] For normal investors, we have to be stupid to believe you too. Cheers. I'm stupid. [Gosh]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9942871844","repostId":"1103934370","repostType":2,"repost":{"id":"1103934370","pubTimestamp":1681191137,"share":"https://ttm.financial/m/news/1103934370?lang=&edition=fundamental","pubTime":"2023-04-11 13:32","market":"us","language":"en","title":"Lawmakers Trade Bank Stocks While Working on U.S. Bank-Failure Fallout","url":"https://stock-news.laohu8.com/highlight/detail?id=1103934370","media":"The Wall Street Journal","summary":"Two lawmakers reported trades in bank stocks last month as they worked on government efforts to addr","content":"<html><head></head><body><p>Two lawmakers reported trades in bank stocks last month as they worked on government efforts to <u>address fallout</u> from two of the <u>largest bank failures</u> in American history.</p><p style=\"text-align: start;\">The disclosures, by a New York Republican and an Oregon Democrat, mark the latest instance of congressional stock trading <u>intersecting with official business</u>.</p><p style=\"text-align: start;\">Rep. Nicole Malliotakis (R., N.Y.) bought stock in a regional bank before a subsidiary agreed to take over Signature Bank’s deposits <u>following its closure</u>. Days before she bought the stock, she said she met with financial regulators to discuss the bank’s closure.</p><p style=\"text-align: start;\">Rep. Earl Blumenauer (D., Ore.) reported three trades in bank stocks as he co-sponsored legislation seeking to strengthen restrictions on financial firms in the wake of the <u>bank failures</u>.</p><p style=\"text-align: start;\">The trades could intensify the pressure on Congress to restrict stock trading by lawmakers. That effort briefly gained momentum last fall, when House Democrats released a bill to <u>ban stock trading</u> by members of Congress, judges and senior executive-branch officials, but has since stalled. A bipartisan group of lawmakers earlier this year reintroduced a bill seeking to ban congressional stock trading.</p><p style=\"text-align: start;\">Lawmakers are uniquely positioned to gain insight about particular industries in the course of their work. But beyond rules mandating regular disclosure and the laws against insider trading, they face no other restrictions on what stocks they are allowed to own or trade. </p><p style=\"text-align: start;\">They are required to disclose any trades by them or their spouses of $1,001 or more in stocks, bonds, commodities, futures and other securities within 45 days, and must disclose their assets and liabilities every year in broad ranges. </p><p style=\"text-align: start;\">A spokeswoman for Ms. Malliotakis said the lawmaker made the trade at the recommendation of her financial adviser and that she wasn’t aware the bank planned to bid on <u>Signature Bank</u> assets. A spokeswoman for Mr. Blumenauer said that the trade was made by his wife and that he wasn’t aware of it at the time.</p><p style=\"text-align: start;\">Several lawmakers have faced criticism for stock trading over the years. Former Sen. Richard Burr, a North Carolina Republican, faced U.S. investigations over stock sales valued at as much as $1.7 million in February 2020, while sitting on committees that received detailed briefings on the then-growing pandemic. Both investigations later closed without enforcement action. </p><p></p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c8994b63af60d89e8b86cad785c37f51\" alt=\"New York regulators put Signature Bank into receivership last month.PHOTO: ANGUS MORDANT/BLOOMBERG NEWS\" title=\"New York regulators put Signature Bank into receivership last month.PHOTO: ANGUS MORDANT/BLOOMBERG NEWS\" tg-width=\"700\" tg-height=\"466\"/><span>New York regulators put Signature Bank into receivership last month.PHOTO: ANGUS MORDANT/BLOOMBERG NEWS</span></p><p></p><p>New York regulators put Signature Bank into receivership last month.PHOTO: ANGUS MORDANT/BLOOMBERG NEWS</p><p style=\"text-align: start;\">Rep. <u>Nancy Pelosi</u> (D., Calif.) has reported frequent trading by her husband, Paul Pelosi, that has come under scrutiny. She has said she doesn’t discuss trades with her husband.</p><p style=\"text-align: start;\">Lawmakers aren’t required to disclose the time at which their trades were made, making it impossible to determine how much money they made or lost on stock trades. </p><p style=\"text-align: start;\">Ms. Malliotakis bought $1,001 to $15,000 in <u>New York Community Bancorp</u> Inc. stock on March 17, soon after she met with financial regulators. </p><p style=\"text-align: start;\">Days before she bought the stock, she emphasized her work on Signature Bank, which New York regulators had put into receivership on March 12. </p><p style=\"text-align: start;\">“Both last night and this morning I have been meeting with the Federal Reserve, U.S. Department of Treasury, Governor [Kathy] Hochul and New York State Department of Financial Services Superintendent Adrienne Harris to discuss the closure of Signature Bank,” she said in a March 13 <u>statement</u> posted to her office’s Twitter account. </p><p style=\"text-align: start;\">“I have been assured all depositors will be made whole through the Deposit Insurance Fund which is made up of contributions from all member banks, not taxpayer funds,” she added.</p><p style=\"text-align: start;\">The next day, Ms. Malliotakis, a member of the House Ways and Means Committee, called for the Fed and the Biden administration to “review its monetary policy,” saying that rising interest rates had “played a role” in the <u>failure of Silicon Valley Bank</u> the previous week.</p><p style=\"text-align: start;\">On March 17, she bought the New York Community Bancorp shares. On March 19, the Federal Deposit Insurance Corp. announced that NYCB’s Flagstar Bank would take on Signature’s deposits.</p><p style=\"text-align: start;\">NYCB stock <u>rose 32%</u> on the news the next day.</p><p style=\"text-align: start;\">Ms. Malliotakis’s <u>disclosure</u> said the stock purchase was made by her spouse. She is unmarried. A spokeswoman said that was an error and that the report will be updated. </p><p style=\"text-align: start;\">Ms. Malliotakis’s financial adviser “recommended the purchase of NYCB as a long-term investment given the purchase price was $6.69 with a 9% dividend considering the stock was over $11.00 last March,” the spokeswoman said in an email. </p><p style=\"text-align: start;\">The spokeswoman said there was no mention of NYCB in the briefings she participated in. She learned that the bank’s subsidiary had agreed to take on the Signature deposits in the news on March 19, the spokeswoman said.</p><p style=\"text-align: start;\">Rep. Earl Blumenauer of Oregon reported selling between $1,001 and $15,000 in <u>Bank of AmericaSVB</u></p><p style=\"text-align: start;\">A week after the sale, the stock was down 5%.</p><p style=\"text-align: start;\">Mr. Blumenauer also reported a less successful trade made March 9: a purchase of between $1,001 and $15,000 in SVB Financial Group. Shares of SVB were halted the next morning, shortly before the bank was taken over. </p><p><br/>Less than a week later, on March 14, Mr. Blumenauer was among lawmakers who co-sponsored a bill to repeal the 2018 law that <u>relaxed restrictions</u> placed on financial firms.</p><p style=\"text-align: start;\">His office sent an email to supporters heralding his work on the issue. “I am working with my friends Senator Elizabeth Warren and Congresswoman Katie Porter on a bill to repeal the Trump-era regulatory rollback and put banks with at least $50 billion in assets back under strict federal oversight and Dodd-Frank era stress tests,” said the email. </p><p></p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3897661337af77285034f1c5cd6675b0\" alt=\"Rep. John Curtis (R., Utah) reported selling Bank of America and First Republic shares.PHOTO: ADAM FONDREN/THE DESERET NEWS/ASSOCIATED PRESS\" title=\"Rep. John Curtis (R., Utah) reported selling Bank of America and First Republic shares.PHOTO: ADAM FONDREN/THE DESERET NEWS/ASSOCIATED PRESS\" tg-width=\"700\" tg-height=\"466\"/><span>Rep. John Curtis (R., Utah) reported selling Bank of America and First Republic shares.PHOTO: ADAM FONDREN/THE DESERET NEWS/ASSOCIATED PRESS</span></p><p></p><p style=\"text-align: start;\">“I will keep working to keep the public, our savings, and our businesses safe, healthy, and secure,” he said.</p><p style=\"text-align: start;\">Days later, as the banking industry continued to reel, Mr. Blumenauer reported a sale of between $1,001 and $15,000 in <u>First Republic Bank</u>. On that day, March 20, <u>the bank’s stock</u> closed down 47%, after The Wall Street Journal reported that a group of big U.S. banks were in discussions about fresh efforts to <u>stabilize the lender</u>.</p><p style=\"text-align: start;\">Mr. Blumenauer’s <u>disclosure</u> said all three trades were part of his spouse’s retirement portfolio. </p><p style=\"text-align: start;\">A spokeswoman said the congressman doesn’t personally own any stock and has “no knowledge of financial transactions made by his wife.” His wife uses a financial adviser who makes transactions “without her input, advice, consent, or prior knowledge,” the spokeswoman said. </p><p>Mr. Blumenauer, elected to the House in 1996, is a member of the Ways and Means Committee and a senior member of the Budget Committee.</p><p style=\"text-align: start;\">A third lawmaker reported two trades in bank stocks last month, although he appears to have been less involved in the congressional response to the bank failures.</p><p style=\"text-align: start;\">Rep. John Curtis (R., Utah) reported selling $1,001 to $15,000 in Bank of America stock on March 16. Four major banks, including Bank of America, announced they would <u>deposit $30 billion</u> at First Republic that day. </p><p style=\"text-align: start;\">That same day, he also reported selling $1,001 to $15,000 in First Republic stock. The bank’s stock closed down 33% the next day, reflecting investors’ worries that the bank’s problems hadn’t been fully addressed. It was the bank’s worst week on record.</p><p style=\"text-align: start;\">Mr. Curtis’s <u>disclosure</u> says both stocks were traded in a joint fund with his spouse. A spokesman didn’t respond to a request for comment.</p><p style=\"text-align: start;\">Mr. Curtis, who sits on the Energy and Commerce Committee, said in a January 2022 interview with the Journal that <u>he was critical</u> of proposals banning lawmakers from trading stocks. “For 40 years I’ve been building up a retirement, mostly in stocks. It’s not as easy as ‘don’t do stocks,’” he said.</p></body></html>","source":"wsj_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Lawmakers Trade Bank Stocks While Working on U.S. Bank-Failure Fallout</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\">\nLawmakers Trade Bank Stocks While Working on U.S. Bank-Failure Fallout\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-04-11 13:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/lawmakers-trade-bank-stocks-while-working-on-u-s-bank-failure-fallout-b4ccbf5?mod=hp_lead_pos12><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Two lawmakers reported trades in bank stocks last month as they worked on government efforts to address fallout from two of the largest bank failures in American history.The disclosures, by a New York...</p>\n\n<a href=\"https://www.wsj.com/articles/lawmakers-trade-bank-stocks-while-working-on-u-s-bank-failure-fallout-b4ccbf5?mod=hp_lead_pos12\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SIVBQ":"硅谷银行"},"source_url":"https://www.wsj.com/articles/lawmakers-trade-bank-stocks-while-working-on-u-s-bank-failure-fallout-b4ccbf5?mod=hp_lead_pos12","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103934370","content_text":"Two lawmakers reported trades in bank stocks last month as they worked on government efforts to address fallout from two of the largest bank failures in American history.The disclosures, by a New York Republican and an Oregon Democrat, mark the latest instance of congressional stock trading intersecting with official business.Rep. Nicole Malliotakis (R., N.Y.) bought stock in a regional bank before a subsidiary agreed to take over Signature Bank’s deposits following its closure. Days before she bought the stock, she said she met with financial regulators to discuss the bank’s closure.Rep. Earl Blumenauer (D., Ore.) reported three trades in bank stocks as he co-sponsored legislation seeking to strengthen restrictions on financial firms in the wake of the bank failures.The trades could intensify the pressure on Congress to restrict stock trading by lawmakers. That effort briefly gained momentum last fall, when House Democrats released a bill to ban stock trading by members of Congress, judges and senior executive-branch officials, but has since stalled. A bipartisan group of lawmakers earlier this year reintroduced a bill seeking to ban congressional stock trading.Lawmakers are uniquely positioned to gain insight about particular industries in the course of their work. But beyond rules mandating regular disclosure and the laws against insider trading, they face no other restrictions on what stocks they are allowed to own or trade. They are required to disclose any trades by them or their spouses of $1,001 or more in stocks, bonds, commodities, futures and other securities within 45 days, and must disclose their assets and liabilities every year in broad ranges. A spokeswoman for Ms. Malliotakis said the lawmaker made the trade at the recommendation of her financial adviser and that she wasn’t aware the bank planned to bid on Signature Bank assets. A spokeswoman for Mr. Blumenauer said that the trade was made by his wife and that he wasn’t aware of it at the time.Several lawmakers have faced criticism for stock trading over the years. Former Sen. Richard Burr, a North Carolina Republican, faced U.S. investigations over stock sales valued at as much as $1.7 million in February 2020, while sitting on committees that received detailed briefings on the then-growing pandemic. Both investigations later closed without enforcement action. New York regulators put Signature Bank into receivership last month.PHOTO: ANGUS MORDANT/BLOOMBERG NEWSNew York regulators put Signature Bank into receivership last month.PHOTO: ANGUS MORDANT/BLOOMBERG NEWSRep. Nancy Pelosi (D., Calif.) has reported frequent trading by her husband, Paul Pelosi, that has come under scrutiny. She has said she doesn’t discuss trades with her husband.Lawmakers aren’t required to disclose the time at which their trades were made, making it impossible to determine how much money they made or lost on stock trades. Ms. Malliotakis bought $1,001 to $15,000 in New York Community Bancorp Inc. stock on March 17, soon after she met with financial regulators. Days before she bought the stock, she emphasized her work on Signature Bank, which New York regulators had put into receivership on March 12. “Both last night and this morning I have been meeting with the Federal Reserve, U.S. Department of Treasury, Governor [Kathy] Hochul and New York State Department of Financial Services Superintendent Adrienne Harris to discuss the closure of Signature Bank,” she said in a March 13 statement posted to her office’s Twitter account. “I have been assured all depositors will be made whole through the Deposit Insurance Fund which is made up of contributions from all member banks, not taxpayer funds,” she added.The next day, Ms. Malliotakis, a member of the House Ways and Means Committee, called for the Fed and the Biden administration to “review its monetary policy,” saying that rising interest rates had “played a role” in the failure of Silicon Valley Bank the previous week.On March 17, she bought the New York Community Bancorp shares. On March 19, the Federal Deposit Insurance Corp. announced that NYCB’s Flagstar Bank would take on Signature’s deposits.NYCB stock rose 32% on the news the next day.Ms. Malliotakis’s disclosure said the stock purchase was made by her spouse. She is unmarried. A spokeswoman said that was an error and that the report will be updated. Ms. Malliotakis’s financial adviser “recommended the purchase of NYCB as a long-term investment given the purchase price was $6.69 with a 9% dividend considering the stock was over $11.00 last March,” the spokeswoman said in an email. The spokeswoman said there was no mention of NYCB in the briefings she participated in. She learned that the bank’s subsidiary had agreed to take on the Signature deposits in the news on March 19, the spokeswoman said.Rep. Earl Blumenauer of Oregon reported selling between $1,001 and $15,000 in Bank of AmericaSVBA week after the sale, the stock was down 5%.Mr. Blumenauer also reported a less successful trade made March 9: a purchase of between $1,001 and $15,000 in SVB Financial Group. Shares of SVB were halted the next morning, shortly before the bank was taken over. Less than a week later, on March 14, Mr. Blumenauer was among lawmakers who co-sponsored a bill to repeal the 2018 law that relaxed restrictions placed on financial firms.His office sent an email to supporters heralding his work on the issue. “I am working with my friends Senator Elizabeth Warren and Congresswoman Katie Porter on a bill to repeal the Trump-era regulatory rollback and put banks with at least $50 billion in assets back under strict federal oversight and Dodd-Frank era stress tests,” said the email. Rep. John Curtis (R., Utah) reported selling Bank of America and First Republic shares.PHOTO: ADAM FONDREN/THE DESERET NEWS/ASSOCIATED PRESS“I will keep working to keep the public, our savings, and our businesses safe, healthy, and secure,” he said.Days later, as the banking industry continued to reel, Mr. Blumenauer reported a sale of between $1,001 and $15,000 in First Republic Bank. On that day, March 20, the bank’s stock closed down 47%, after The Wall Street Journal reported that a group of big U.S. banks were in discussions about fresh efforts to stabilize the lender.Mr. Blumenauer’s disclosure said all three trades were part of his spouse’s retirement portfolio. A spokeswoman said the congressman doesn’t personally own any stock and has “no knowledge of financial transactions made by his wife.” His wife uses a financial adviser who makes transactions “without her input, advice, consent, or prior knowledge,” the spokeswoman said. Mr. Blumenauer, elected to the House in 1996, is a member of the Ways and Means Committee and a senior member of the Budget Committee.A third lawmaker reported two trades in bank stocks last month, although he appears to have been less involved in the congressional response to the bank failures.Rep. John Curtis (R., Utah) reported selling $1,001 to $15,000 in Bank of America stock on March 16. Four major banks, including Bank of America, announced they would deposit $30 billion at First Republic that day. That same day, he also reported selling $1,001 to $15,000 in First Republic stock. The bank’s stock closed down 33% the next day, reflecting investors’ worries that the bank’s problems hadn’t been fully addressed. It was the bank’s worst week on record.Mr. Curtis’s disclosure says both stocks were traded in a joint fund with his spouse. A spokesman didn’t respond to a request for comment.Mr. Curtis, who sits on the Energy and Commerce Committee, said in a January 2022 interview with the Journal that he was critical of proposals banning lawmakers from trading stocks. “For 40 years I’ve been building up a retirement, mostly in stocks. It’s not as easy as ‘don’t do stocks,’” he said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":364,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9949151782,"gmtCreate":1678452409947,"gmtModify":1678452914546,"author":{"id":"4138441693914192","authorId":"4138441693914192","name":"LTKalien","avatar":"https://community-static.tradeup.com/news/d2ccbfcfe6e70ce1130e526f89dc16d3","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4138441693914192","authorIdStr":"4138441693914192"},"themes":[],"htmlText":"The Data coming out on Friday, pre date the SVB crisis. I certainly hope various analysts can see this, and do not take the easy route of lumping such sensational news together. Although sensational news do sells easier, just try to be truthful.&nbsp;","listText":"The Data coming out on Friday, pre date the SVB crisis. I certainly hope various analysts can see this, and do not take the easy route of lumping such sensational news together. Although sensational news do sells easier, just try to be truthful.&nbsp;","text":"The Data coming out on Friday, pre date the SVB crisis. I certainly hope various analysts can see this, and do not take the easy route of lumping such sensational news together. Although sensational news do sells easier, just try to be truthful.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949151782","repostId":"2318227772","repostType":2,"repost":{"id":"2318227772","pubTimestamp":1678450023,"share":"https://ttm.financial/m/news/2318227772?lang=&edition=fundamental","pubTime":"2023-03-10 20:07","market":"us","language":"en","title":"New Jobs Data Could Decide the Fed’s Next Move. What to Expect","url":"https://stock-news.laohu8.com/highlight/detail?id=2318227772","media":"marketwatch","summary":"The February jobs report hits the spotlight Friday, with economists predicting a slowdown from Janua","content":"<html><head></head><body><p>The February jobs report hits the spotlight Friday, with economists predicting a slowdown from January and investors ready to dissect what the numbers mean for the Federal Reserve’s next move on interest rates.</p><p>Economists surveyed by FactSet expect the U.S. to have created 207,500 jobs in February, as measured by nonfarm payrolls, marking a significant slowdown after January’s increase of 517,000.</p><p>The unemployment rate is estimated to have stayed constant at 3.4%, with average hourly earnings—a key part of the inflationary picture—up 0.4% on a monthly basis, an acceleration from 0.3% growth in January.</p><p>Tiffany Wilding and Allison Boxer, economists at asset manager PIMCO, see risks, detailing in a research note their expectations for 300,000 jobs to have been added last month. They cite factors including seasonal support to retail in February and the lag between a wave of layoff announcements in January—which they don’t expect to take hold until March. Wilding and Boxer also cite a general trend of resilience across recent jobless claims.</p><p>“We think there are upside risks to consensus,” they wrote.</p><p>Data released on Thursday, however, indicated the tight labor market could be loosening. The Labor Department said Thursday that initial jobless claims rose to 211,000 in the week ended March 4, the highest level since Christmas. Economists expected claims to rise to 196,000.</p><p>Friday’s payrolls release—due at 8:30 a.m. Eastern—will hit a market that is increasingly worried the economy continues to run too hot for the Fed’s liking. The S&amp;P 500 has fallen 4.5% since Feb. 2, when the January jobs report pushed traders to rethink the narrative the Fed was shifting away from its aggressive monetary policy.</p><p>Fed Chairman Jerome Powell was clear in testimony before Congress this week the central bank will be dependent on data, emphasizing the jury is out over the next rate decision—even as it is anticipated they will go higher than once thought.</p><p>Futures markets were pricing in a 62% chance of a 50-basis point hike on March 22 as of Thursday, up from a 31% chance a week ago, according to the CME FedWatch Tool. The odds of a half-point increase were even higher earlier in the week, hovering near 80% on Wednesday. They decreased after <a href=\"https://laohu8.com/S/SIVBO\">SVB Financial Group</a> (ticker: SIVB) sold securities from its portfolio for a $1.8 billion loss, triggering a selloff in bank stocks Thursday and raising concerns about the impact of higher rates.</p><p>All this means is the jobs report, along with next Tuesday’s inflation reading via the consumer price index, comes at a crucial time.</p><p>Investors will want to see nonfarm payrolls and earnings growth below expectations to get more optimistic about stocks after a volatile week. A higher unemployment rate would also help.</p><p>“Some analysts will focus on the wage data, and technically that is the most important part of the report for the Fed because it’s trying to restore more balance in the labor market,” said Tom Essaye, the founder of Sevens Report Research. “But at the end of the day, if job adds are strong and wages drop, given other inflation metrics, it won’t make the Fed less hawkish.”</p><p>Last month isn’t the only thing in focus, because revisions may also come to the January print, which some analysts have blamed on factors including strikes and even unseasonably-warm weather.</p><p>No matter what, Friday promises to give investors something to chew on.</p></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>New Jobs Data Could Decide the Fed’s Next Move. What to Expect</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 Jobs Data Could Decide the Fed’s Next Move. What to Expect\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-10 20:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/articles/february-jobs-report-today-39762ac?mod=newsviewer_click><strong>marketwatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The February jobs report hits the spotlight Friday, with economists predicting a slowdown from January and investors ready to dissect what the numbers mean for the Federal Reserve’s next move on ...</p>\n\n<a href=\"https://www.marketwatch.com/articles/february-jobs-report-today-39762ac?mod=newsviewer_click\">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.marketwatch.com/articles/february-jobs-report-today-39762ac?mod=newsviewer_click","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2318227772","content_text":"The February jobs report hits the spotlight Friday, with economists predicting a slowdown from January and investors ready to dissect what the numbers mean for the Federal Reserve’s next move on interest rates.Economists surveyed by FactSet expect the U.S. to have created 207,500 jobs in February, as measured by nonfarm payrolls, marking a significant slowdown after January’s increase of 517,000.The unemployment rate is estimated to have stayed constant at 3.4%, with average hourly earnings—a key part of the inflationary picture—up 0.4% on a monthly basis, an acceleration from 0.3% growth in January.Tiffany Wilding and Allison Boxer, economists at asset manager PIMCO, see risks, detailing in a research note their expectations for 300,000 jobs to have been added last month. They cite factors including seasonal support to retail in February and the lag between a wave of layoff announcements in January—which they don’t expect to take hold until March. Wilding and Boxer also cite a general trend of resilience across recent jobless claims.“We think there are upside risks to consensus,” they wrote.Data released on Thursday, however, indicated the tight labor market could be loosening. The Labor Department said Thursday that initial jobless claims rose to 211,000 in the week ended March 4, the highest level since Christmas. Economists expected claims to rise to 196,000.Friday’s payrolls release—due at 8:30 a.m. Eastern—will hit a market that is increasingly worried the economy continues to run too hot for the Fed’s liking. The S&P 500 has fallen 4.5% since Feb. 2, when the January jobs report pushed traders to rethink the narrative the Fed was shifting away from its aggressive monetary policy.Fed Chairman Jerome Powell was clear in testimony before Congress this week the central bank will be dependent on data, emphasizing the jury is out over the next rate decision—even as it is anticipated they will go higher than once thought.Futures markets were pricing in a 62% chance of a 50-basis point hike on March 22 as of Thursday, up from a 31% chance a week ago, according to the CME FedWatch Tool. The odds of a half-point increase were even higher earlier in the week, hovering near 80% on Wednesday. They decreased after SVB Financial Group (ticker: SIVB) sold securities from its portfolio for a $1.8 billion loss, triggering a selloff in bank stocks Thursday and raising concerns about the impact of higher rates.All this means is the jobs report, along with next Tuesday’s inflation reading via the consumer price index, comes at a crucial time.Investors will want to see nonfarm payrolls and earnings growth below expectations to get more optimistic about stocks after a volatile week. A higher unemployment rate would also help.“Some analysts will focus on the wage data, and technically that is the most important part of the report for the Fed because it’s trying to restore more balance in the labor market,” said Tom Essaye, the founder of Sevens Report Research. “But at the end of the day, if job adds are strong and wages drop, given other inflation metrics, it won’t make the Fed less hawkish.”Last month isn’t the only thing in focus, because revisions may also come to the January print, which some analysts have blamed on factors including strikes and even unseasonably-warm weather.No matter what, Friday promises to give investors something to chew on.","news_type":1},"isVote":1,"tweetType":1,"viewCount":379,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9949107686,"gmtCreate":1678411038545,"gmtModify":1678413453295,"author":{"id":"4138441693914192","authorId":"4138441693914192","name":"LTKalien","avatar":"https://community-static.tradeup.com/news/d2ccbfcfe6e70ce1130e526f89dc16d3","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4138441693914192","authorIdStr":"4138441693914192"},"themes":[],"htmlText":"Good insights. Stay invested &amp; not worry over investing at the lowest environment, which is impossible. Heaven indeed.&nbsp;","listText":"Good insights. Stay invested &amp; not worry over investing at the lowest environment, which is impossible. Heaven indeed.&nbsp;","text":"Good insights. Stay invested & not worry over investing at the lowest environment, which is impossible. Heaven indeed.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949107686","repostId":"2316919079","repostType":2,"isVote":1,"tweetType":1,"viewCount":616,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9940789003,"gmtCreate":1678176653902,"gmtModify":1678178398506,"author":{"id":"4138441693914192","authorId":"4138441693914192","name":"LTKalien","avatar":"https://community-static.tradeup.com/news/d2ccbfcfe6e70ce1130e526f89dc16d3","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4138441693914192","authorIdStr":"4138441693914192"},"themes":[],"htmlText":"Much appreciated. Shall wait and see, patience might be golden.&nbsp;","listText":"Much appreciated. Shall wait and see, patience might be golden.&nbsp;","text":"Much appreciated. Shall wait and see, patience might be golden.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9940789003","repostId":"1183394463","repostType":2,"isVote":1,"tweetType":1,"viewCount":398,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9947171683,"gmtCreate":1682736714042,"gmtModify":1682736718582,"author":{"id":"4138441693914192","authorId":"4138441693914192","name":"LTKalien","avatar":"https://community-static.tradeup.com/news/d2ccbfcfe6e70ce1130e526f89dc16d3","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4138441693914192","authorIdStr":"4138441693914192"},"themes":[],"htmlText":"Blood in the water, here comes the shark. FDIC takes over all the toxic debts, American tax payers pays for those. Not so great for&nbsp;First Rep shareholders and maybe put options holders' too.&nbsp;","listText":"Blood in the water, here comes the shark. FDIC takes over all the toxic debts, American tax payers pays for those. Not so great for&nbsp;First Rep shareholders and maybe put options holders' too.&nbsp;","text":"Blood in the water, here comes the shark. FDIC takes over all the toxic debts, American tax payers pays for those. Not so great for First Rep shareholders and maybe put options holders' too.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9947171683","repostId":"2331683138","repostType":2,"repost":{"id":"2331683138","pubTimestamp":1682733427,"share":"https://ttm.financial/m/news/2331683138?lang=&edition=fundamental","pubTime":"2023-04-29 09:57","market":"us","language":"en","title":"JPMorgan, PNC Bid to Buy First Republic as Part of FDIC Takeover","url":"https://stock-news.laohu8.com/highlight/detail?id=2331683138","media":"The Wall Street Journal","summary":"Seizure and sale of First Republic could come as soon as this weekendFirst Republic Bank customers p","content":"<html><head></head><body><p>Seizure and sale of First Republic could come as soon as this weekend</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fae518c5d4f1a62cd3e3052094c99a46\" alt=\"First Republic Bank customers pulled around $100 billion in deposits in a matter of days. PHOTO: LOREN ELLIOTT/REUTERS\" title=\"First Republic Bank customers pulled around $100 billion in deposits in a matter of days. PHOTO: LOREN ELLIOTT/REUTERS\" tg-width=\"700\" tg-height=\"467\"/><span>First Republic Bank customers pulled around $100 billion in deposits in a matter of days. PHOTO: LOREN ELLIOTT/REUTERS</span></p><p>Big banks including JPMorgan Chase &amp; Co. and PNC Financial Services Group Inc. are vying to buy First Republic Bank in a deal that would follow a government seizure of the troubled lender, according to people familiar with the matter.</p><p style=\"text-align: start;\">A seizure and sale of First Republic could come as soon as this weekend, the people said.</p><p>The San Francisco-based bank has teetered for weeks following the March 10 failure of fellow Bay Area lender Silicon Valley Bank. The SVB meltdown spurred panicky First Republic customers to pull around $100 billion in deposits in a matter of days. The stock has fallen sharply since.</p></body></html>","source":"wsj_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JPMorgan, PNC Bid to Buy First Republic as Part of FDIC Takeover</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\">\nJPMorgan, PNC Bid to Buy First Republic as Part of FDIC Takeover\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-04-29 09:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/jpmorgan-pnc-bid-to-buy-first-republic-as-part-of-fdic-takeover-aeb936a0?mod=hp_lead_pos1><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Seizure and sale of First Republic could come as soon as this weekendFirst Republic Bank customers pulled around $100 billion in deposits in a matter of days. PHOTO: LOREN ELLIOTT/REUTERSBig banks ...</p>\n\n<a href=\"https://www.wsj.com/articles/jpmorgan-pnc-bid-to-buy-first-republic-as-part-of-fdic-takeover-aeb936a0?mod=hp_lead_pos1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1261432733.SGD":"Fidelity World A-ACC-SGD","BK4207":"综合性银行","SG9999002232.USD":"Allianz Global High Payout USD","BK4589":"SVB概念","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","SG9999002224.SGD":"Allianz Global High Payout SGD","BK4581":"高盛持仓","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","LU0106831901.USD":"贝莱德世界金融基金A2","LU0320765489.SGD":"FTIF - Franklin Mutual US Value A Acc SGD","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0496365809.HKD":"TEMPLETON GLOBAL INCOME \"A\" (HKD) INC (Q)","BK4548":"巴美列捷福持仓","LU0070302665.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","LU0211326755.USD":"TEMPLETON GLOBAL INCOME \"A\" (USD) ACC","JPM":"摩根大通","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","LU1244550221.USD":"FRANKLIN GLOBAL MULTI-ASSET  INCOME \"A\" (USDHEDGED) INC (M)","LU0971096721.USD":"富达环球金融服务 A","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","LU0976567544.SGD":"FTIF - Templeton Global Income A Mdis SGD-H1","LU0211327993.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (USD) ACC","LU1267930490.SGD":"TEMPLETON GLOBAL EQUITY INCOME \"AS\" (SGD) INC A","LU0149725797.USD":"汇丰美国股市经济规模基金","LU0211326839.USD":"TEMPLETON GLOBAL INCOME \"A\" (USD) INC","LU0882574139.USD":"富达环球消费行业基金A ACC","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","LU1496350171.SGD":"FRANKLIN DIVERSIFIED BALANCED \"A\" (SGDHDG) ACC","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","LU1244550494.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) ACC","LU0211328371.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (MDIS) (USD)   INC","LU1496350502.SGD":"FRANKLIN DIVERSIFIED DYNAMIC \"A\" (SGDHDG) ACC","BK4534":"瑞士信贷持仓","BK4139":"生物科技","BK4007":"制药","BK4211":"区域性银行","BK4566":"资本集团","FRCB":"第一共和银行","BK4196":"保健护理服务","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","BK4082":"医疗保健设备","BK4550":"红杉资本持仓","BK4588":"碎股","LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","PNC":"PNC金融"},"source_url":"https://www.wsj.com/articles/jpmorgan-pnc-bid-to-buy-first-republic-as-part-of-fdic-takeover-aeb936a0?mod=hp_lead_pos1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2331683138","content_text":"Seizure and sale of First Republic could come as soon as this weekendFirst Republic Bank customers pulled around $100 billion in deposits in a matter of days. PHOTO: LOREN ELLIOTT/REUTERSBig banks including JPMorgan Chase & Co. and PNC Financial Services Group Inc. are vying to buy First Republic Bank in a deal that would follow a government seizure of the troubled lender, according to people familiar with the matter.A seizure and sale of First Republic could come as soon as this weekend, the people said.The San Francisco-based bank has teetered for weeks following the March 10 failure of fellow Bay Area lender Silicon Valley Bank. The SVB meltdown spurred panicky First Republic customers to pull around $100 billion in deposits in a matter of days. The stock has fallen sharply since.","news_type":1},"isVote":1,"tweetType":1,"viewCount":307,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9949151782,"gmtCreate":1678452409947,"gmtModify":1678452914546,"author":{"id":"4138441693914192","authorId":"4138441693914192","name":"LTKalien","avatar":"https://community-static.tradeup.com/news/d2ccbfcfe6e70ce1130e526f89dc16d3","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4138441693914192","authorIdStr":"4138441693914192"},"themes":[],"htmlText":"The Data coming out on Friday, pre date the SVB crisis. I certainly hope various analysts can see this, and do not take the easy route of lumping such sensational news together. Although sensational news do sells easier, just try to be truthful.&nbsp;","listText":"The Data coming out on Friday, pre date the SVB crisis. I certainly hope various analysts can see this, and do not take the easy route of lumping such sensational news together. Although sensational news do sells easier, just try to be truthful.&nbsp;","text":"The Data coming out on Friday, pre date the SVB crisis. I certainly hope various analysts can see this, and do not take the easy route of lumping such sensational news together. Although sensational news do sells easier, just try to be truthful.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949151782","repostId":"2318227772","repostType":2,"isVote":1,"tweetType":1,"viewCount":379,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":221433975189536,"gmtCreate":1695103214794,"gmtModify":1695103219647,"author":{"id":"4138441693914192","authorId":"4138441693914192","name":"LTKalien","avatar":"https://community-static.tradeup.com/news/d2ccbfcfe6e70ce1130e526f89dc16d3","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4138441693914192","authorIdStr":"4138441693914192"},"themes":[],"htmlText":"A whale diarrhoea? He has the right to do so though! What can shrimp do? Suck it up. May peace follows. Good luck!","listText":"A whale diarrhoea? He has the right to do so though! What can shrimp do? Suck it up. May peace follows. Good luck!","text":"A whale diarrhoea? He has the right to do so though! What can shrimp do? Suck it up. May peace follows. Good luck!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/221433975189536","repostId":"1124026342","repostType":2,"isVote":1,"tweetType":1,"viewCount":303,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9970942523,"gmtCreate":1683860022363,"gmtModify":1683860026598,"author":{"id":"4138441693914192","authorId":"4138441693914192","name":"LTKalien","avatar":"https://community-static.tradeup.com/news/d2ccbfcfe6e70ce1130e526f89dc16d3","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4138441693914192","authorIdStr":"4138441693914192"},"themes":[],"htmlText":"So the new CEO will need to seek advice or orders from the chief technology officer? Sound like a CEO of public relations. Time to gives Twitter a softer image, good luck!","listText":"So the new CEO will need to seek advice or orders from the chief technology officer? Sound like a CEO of public relations. Time to gives Twitter a softer image, good luck!","text":"So the new CEO will need to seek advice or orders from the chief technology officer? Sound like a CEO of public relations. Time to gives Twitter a softer image, good luck!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970942523","repostId":"2334007087","repostType":2,"isVote":1,"tweetType":1,"viewCount":364,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9942871844,"gmtCreate":1681194608288,"gmtModify":1681196050436,"author":{"id":"4138441693914192","authorId":"4138441693914192","name":"LTKalien","avatar":"https://community-static.tradeup.com/news/d2ccbfcfe6e70ce1130e526f89dc16d3","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4138441693914192","authorIdStr":"4138441693914192"},"themes":[],"htmlText":"\"I wasn't aware\"&nbsp;[Happy]&nbsp;[LOL]&nbsp;[Blush]&nbsp; For normal investors, we have to be stupid to believe you too. Cheers.&nbsp; I'm stupid.&nbsp;[Gosh]&nbsp;","listText":"\"I wasn't aware\"&nbsp;[Happy]&nbsp;[LOL]&nbsp;[Blush]&nbsp; For normal investors, we have to be stupid to believe you too. Cheers.&nbsp; I'm stupid.&nbsp;[Gosh]&nbsp;","text":"\"I wasn't aware\" [Happy] [LOL] [Blush] For normal investors, we have to be stupid to believe you too. Cheers. I'm stupid. [Gosh]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9942871844","repostId":"1103934370","repostType":2,"isVote":1,"tweetType":1,"viewCount":364,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9949107686,"gmtCreate":1678411038545,"gmtModify":1678413453295,"author":{"id":"4138441693914192","authorId":"4138441693914192","name":"LTKalien","avatar":"https://community-static.tradeup.com/news/d2ccbfcfe6e70ce1130e526f89dc16d3","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4138441693914192","authorIdStr":"4138441693914192"},"themes":[],"htmlText":"Good insights. Stay invested &amp; not worry over investing at the lowest environment, which is impossible. Heaven indeed.&nbsp;","listText":"Good insights. Stay invested &amp; not worry over investing at the lowest environment, which is impossible. Heaven indeed.&nbsp;","text":"Good insights. Stay invested & not worry over investing at the lowest environment, which is impossible. Heaven indeed.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949107686","repostId":"2316919079","repostType":2,"repost":{"id":"2316919079","pubTimestamp":1677793788,"share":"https://ttm.financial/m/news/2316919079?lang=&edition=fundamental","pubTime":"2023-03-03 05:49","market":"us","language":"en","title":"My Income Portfolio: A Stairway To Heaven","url":"https://stock-news.laohu8.com/highlight/detail?id=2316919079","media":"seekingalpha","summary":"nicolamargaret/E+ via Getty Images Brunelleschi's Dome By whichever way one arrives, Florence announ","content":"<html><body><p><figure><picture><img height=\"1067px\" loading=\"lazy\" sizes=\"(max-width: 768px) calc(100vw - 36px), (max-width: 1024px) calc(100vw - 132px), (max-width: 1200px) calc(66.6vw - 72px), 600px\" src=\"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/155447099/image_155447099.jpg?io=getty-c-w750\" srcset=\"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/155447099/image_155447099.jpg?io=getty-c-w1536 1536w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/155447099/image_155447099.jpg?io=getty-c-w1280 1280w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/155447099/image_155447099.jpg?io=getty-c-w1080 1080w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/155447099/image_155447099.jpg?io=getty-c-w750 750w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/155447099/image_155447099.jpg?io=getty-c-w640 640w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/155447099/image_155447099.jpg?io=getty-c-w480 480w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/155447099/image_155447099.jpg?io=getty-c-w320 320w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/155447099/image_155447099.jpg?io=getty-c-w240 240w\" width=\"1536px\"/></picture><figcaption><p>nicolamargaret/E+ via Getty Images</p></figcaption></figure></p> <h2>Brunelleschi's Dome</h2> <p>By whichever way one arrives, Florence announces itself from afar with the unmistakable outline of its cathedral dome, built by Filippo Brunelleschi between 1420 and 1436 and which Florentines call the \"Cupolone\" (a nickname from which I was<span> inspired for my main portfolio). A symbol of Florence and the Renaissance, its mighty mass soars over the roofs of houses with red brick and white ribs projecting it skyward.</span></p> <p>Brunelleschi's admirable innovation was to erect its vault without the use of supporting armatures. In fact, it is formed by two distinct domes: an inner one, more than two meters thick, consisting of large arches made of ashlars arranged in a \"herringbone\" pattern; and an outer roofing dome covered with terracotta tiles and punctuated by eight white marble ribs.</p> <p>Between the two domes runs a path<span> of narrow, dark corridors, initially designed to allow workers to build and maintain the structure, and later opened to the public so that they could climb up to the large lantern at its top. My parents took me to climb the 463 steps and explore the dome from the inside as a child, sparking my imagination.</span></p> <p>The first part of the ascent is indeed comfortable and smooth, but as one ascends, the steps become steeper and the radius of curvature of the outer dome makes the walk increasingly difficult, until the final steep and narrow ramp that leads to the open air. At its base, fearful, I stopped, and had to postpone the \"conquest\" of the summit until my later youth.</p> <h2>Stairway to Heaven</h2> <p>Led Zeppelin released this celebrated suite in 1971, but it wasn't until a few years later that it became part of my personal hit parade, and I have been listening to it ever since, losing myself in the magical atmosphere created by the initial guitar arpeggio and the sound of the sweet flute. I like to compare the ascent of Brunelleschi's dome to Led Zeppelin's \"stairway to heaven\": a path that likewise progresses from quiet and smooth to increasingly tight and pressing, until it explodes with the breathtaking view of Florence from above.</p> <p>Everyone has their own, personal stairway to heaven. Ever since I started investing in the U.S. financial market, I have always thought of investing in high-dividend securities as a kind of stairway to heaven, after so many years of ups and downs in my job. A stairway to climb step by step, thanks to the dividends that began to arrive regularly and created that \"virtuous circle\" that I would reluctantly give up (as well as providing a \"parachute\" during market crashes).</p> <h2>The Secret to Riches</h2> <blockquote><p>The secret to riches is the same as the secret to comedy: timing. (Max Skinner from the movie <em>A Good Year</em>).</p></blockquote> <p>While trying to remain as faithful as possible to my habit of not increasing the cost-basis price of my holdings, at the end of February I made some purchases on weakness, increasing my positions in two Cohen &amp; Steers funds: Quality Income Realty (RQI) and Infrastructure (UTF). Their load price moved up, but only by a small percentage.</p> <p>Also, a small buy of CCAP, whose subsequent rebound from the lows made me very happy, despite its tax inefficiency for me as an Italian.</p> <p>I also lightened, on an uptick, my positions in BlackRock Science And Technology Trust (BST) and Royce Value Trust (RVT), rebalancing the weights of their respective portfolios and creating additional liquidity to increase my positions in two Eaton Vance funds that interest me: Tax-Adv. Global Dividend Opps (ETO) and Tax-Adv. Dividend Income (EVT), as well as John Hancock Tax-Adv. Dividend Income (HTD) and, again, Cohen &amp; Steers Infrastructure (UTF).</p> <p>The latter four are all CEFs that I have been following for some time, waiting for the profitable moment (assuming it comes) to mediate their prices upward as little as possible. As I have said in previous articles, I never follow the trend of the market and always try to buy in the downside moments so as not to find myself \"caught off guard\" at the next crash. I know how nerve-wracking it is to wait for the rise from the lows during panic phases, which is why I never buy my names in moments of market mania. Today, we are still seeing attractive prices when projected over the long term and compared to the highs of the last three years, so I decided here and there to make a few targeted purchases without waiting any longer.</p> <p>Then maybe the market will correct and I will regret not having waited… but that's part of the game.</p> <h2>My Overall Portfolio's Weights</h2> <p>As you may know, my investments are divided into three different income portfolios: the above mentioned Cupolone, my primary CEF portfolio; Giotto, comprised of ETFs that adopt a covered-call strategy; and Masaccio, my \"tactical\" portfolio.</p> <p>In speaking of the holdings in the Giotto portfolio, I take this opportunity to point out an interesting article by Jason Zweig, entitled \"Why Investors Are Piling Into Funds That Promise Not to Beat the Stock Market,\" in the <em>Wall Street Journal</em> on Feb. 10, devoted entirely to ETFs that follow a covered-call strategy.</p> <p>This is the complete list of the 26 titles that make up my three portfolios today:</p> <h3><strong>Cupolone</strong></h3> <ul> <li>BlackRock Science And Technology Trust (BST)</li> <li>Calamos Dynamic Convertible and Income (CCD)</li> <li>Calamos Global Total Return (CGO)</li> <li>Eaton Vance Enhanced Equity Income II (EOS)</li> <li>Eaton Vance Tax-Adv. Global Dividend Opps (ETO)</li> <li>Eaton Vance Tax-Adv. Dividend Income (EVT)</li> <li>Guggenheim Strategic Opp (GOF)</li> <li>John Hancock Tax-Adv. Dividend Income (HTD)</li> <li>Pimco Corporate &amp; Income Strategy (PCN)</li> <li>Pimco Dynamic Income (PDI)</li> <li>John Hancock Premium Dividend (PDT)</li> <li>Pimco Corporate &amp; Income Opportunities (PTY)</li> <li>Cohen &amp; Steers Quality Income Realty (RQI)</li> <li>Special Opportunities Fund (SPE)</li> <li>Cohen &amp; Steers Infrastructure (UTF)</li> <li>Reaves Utility Income Trust (UTG)</li> </ul> <h3><strong>Giotto</strong></h3> <ul> <li>JPMorgan Equity Premium Income (JEPI)</li> <li>JPMorgan Nasdaq Equity Premium Income (JEPQ)</li> <li><a href=\"https://laohu8.com/S/EFFE\">Global X</a> Nasdaq 100 Covered Call (QYLD)</li> <li>Global X Russell 2000 Covered Call (RYLD)</li> <li>Global X S&amp;P 500 Covered Call (XYLD)</li> </ul> <h3><strong>Masaccio</strong></h3> <ul> <li>Ares Capital Corp (ARCC)</li> <li>Crescent Capital (CCAP)</li> <li>Royce Value Trust (RVT)</li> <li>Credit Suisse X Links Crude Oil Shares Covered Call ETN (USOI)</li> <li>XAI Octagon FR &amp; Alt Income Term Trust (XFLT)</li> </ul> <p>And these are the current weights of all the holdings in my portfolios, with their relative load prices:</p> <p><figure contenteditable=\"false\"><span><img contenteditable=\"true\" height=\"849\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2023/3/2/31982215-16777658389129763.png\" width=\"640\"/></span><figcaption><p>Author</p></figcaption></figure></p> <p><strong>Note:</strong> The weight of each security is shown based on the current market price.</p> <p>As can be easily verified by comparing the load prices of my holdings against their current market prices, the portfolio as a whole is making a loss, albeit a modest one, and partly offset by the rise of the dollar against the euro. This does not frighten me, as I consider myself a dividend investor looking at the long term, only marginally interested in additional possible capital gains at times when my stocks reach new highs and I decide to lighten their positions, as I have been doing for years now. But that's another story and I'll reevaluate over time, if the right conditions are met.</p> <h2>Discounts/Premiums of my CEFs</h2> <p>Before increasing already open positions, I always take a look at the relationship between the market price of the securities I am interested in and their NAV. The table below shows discounts and premiums for each CEF in my portfolio, with results that, in some cases, appear puzzling. As can be seen, the four fixed-income funds (GOF, PCN, PDI, and PTY) currently price at a premium to NAV that reaches and even exceeds double digits, peaking at 33+ percent for GOF. As far as I know, fixed debt and inflation are not friends, but evidently the market is chasing the yields of these funds, and this fact is driving up their premiums.</p> <p>I take this opportunity to point out that all four of these funds were purchased by me at discount in the spring of 2020, and their positions have never been increased since. Let's say that on fixed debt I keep the engine idle and now I'm focusing more on equity funds, in the prospect of a future rise in the market (for the possible capital gains I mentioned above.)</p> <p>As for the other CEFs, apart from CCD which has a double-digit premium, six quote at a discount while seven have a premium slightly above par. Here is a list of all 18 CEFs in my overall portfolio, showing their respective discounts or premiums (data as of Mar. 01, 2023):</p> <p><figure contenteditable=\"false\"><span><img contenteditable=\"true\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2023/3/2/31982215-16777659164140549.png\"/></span><figcaption><p>Morningstar</p></figcaption></figure></p> <p>These 18 CEFs are also joined by the two BDCs, of which CCAP quotes at a steep discount to NAV while ARCC shows a premium of more than 5 percent (updated data as of 12/31/2022), as can be seen in the table below:</p> <p><figure contenteditable=\"false\"><span><img contenteditable=\"true\" height=\"190\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2023/3/2/31982215-16777660926233375.png\" width=\"640\"/></span><figcaption><p>CEFData</p></figcaption></figure></p> <h2>ORCC, a New Entry</h2> <p>Lately, I have been entertaining the idea of adding another BDC to the Masaccio portfolio, namely ORCC, a specialty finance company focused on the top of the capital structure (71% First Lien Senior Secured, 14% Second Lien Senior Secured), whose debt investments are 98% floating rate.</p> <p>The performance of the stock is negative compared to launch, as can be seen from the chart below, with a sudden collapse in early 2020 (the start of the pandemic), a slow and gradual recovery until the outbreak of the war in Ukraine, but a comforting hold in the last year, although amid numerous ups and downs.</p> <p>ORCC is a stock launched in 2018, capitalizing over $5 billion, trading at a 9.34 percent discount to NAV (updated data as of 12/31/2022), and offering a yield at the current price of around 9.5 percent on a quarterly basis.</p> <p>For now, I have only put a little toe in this pond because, as always, I like to assess the performance of my holdings \"from the inside\": I will see over time whether and how much to increase my position.</p> <p><figure contenteditable=\"false\"><span><img contenteditable=\"true\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2023/3/2/31982215-16777661768055537.png\"/></span><figcaption><p>ORCC Price (YCharts)</p></figcaption></figure></p> <h2>Bedtime Thought</h2> <p>Indeed, we cannot dwell enough on the merits of dividend-based financial strategies, whose steady flow is self-sustaining, relieving psychological pressure and helping to face the market downturns more calmly. The market at the moment lacks directionality amid concerns about continuing high levels of inflation and fears about future restrictive monetary policy moves that could result in a recession.</p> <p>During the uncertainty, I continue to find meaning in the line of increasing the portfolio by buying on weakness or in downturns, and keeping the bar straight on my long-term goals. To do this, the wisest thing for me is to ignore the \"noise\" that accompanies us in these phases and that could lead us to rash moves in the wake of emotion.</p> <p>\"There's a lady who's sure all that glitters is gold and she's buying a stairway to heaven...\" sang Robert Plant. As for me, I don't think all that glitters is gold, but even I, in my own way, am trying to buy my stairway to heaven. And so far, it's working.</p> <div></div> <p>Editor's Note: This article covers one or more microcap stocks. Please be aware of the risks associated with these stocks.</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>My Income Portfolio: A Stairway To Heaven</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\">\nMy Income Portfolio: A Stairway To Heaven\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-03 05:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4584052-my-income-portfolio-a-stairway-to-heaven><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>nicolamargaret/E+ via Getty Images Brunelleschi's Dome By whichever way one arrives, Florence announces itself from afar with the unmistakable outline of its cathedral dome, built by Filippo ...</p>\n\n<a href=\"https://seekingalpha.com/article/4584052-my-income-portfolio-a-stairway-to-heaven\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/155447099/image_155447099.jpg","relate_stocks":{"UTG":"Reaves 公用事业收益基金","BST":"BlackRock Science and Technology Trust","XYLD":"Global X S&P 500 Covered Call ETF","UTF":"Cohen & Steers Infrastructure","PDI":"PIMCO Dynamic Income Fund","PCN":"太平洋投资管理企业投资基金","CGO":"CGO基金","EVT":"Eaton Vance Tax-Advantaged Divid","RQI":"Cohen & Steers Quality Income Realty Fund","BK4585":"ETF&股票定投概念","RVT":"ROYCE SMALL-CAP TRUST INC","ETO":"Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund","LU2125154778.USD":"ALLSPRING GLOBAL EQUITY ENHANCED INCOME \"A\" (USD) INC","HTD":"HTD收益基金","EOS":"Eaton Vance Enhanced Equity Inco","JEPI":"JPMorgan Equity Premium Income ETF","JEPQ":"J.P. MORGAN NASDAQ EQUITY PREMIUM INCOME ETF","CCAP":"Crescent Capital BDC Inc","LU2360032135.SGD":"ALLSPRING GLOBAL EQUITY ENHANCED INCOME \"A\" (SGDHDG) INC","QYLD":"纳斯达克100 Covered Call ETF-Global X","BK4588":"碎股","ARCC":"阿瑞斯","CCD":"Calamos Dynamic Convertible and Income Fund","LU2125154935.USD":"ALLSPRING (LUX) WF GLOBAL EQUITY ENHANCED INCOME \"I\" (USD) INC","RYLD":"Global X Russell 2000 Covered Call ETF","XFLT":"XAI Octagon Floating Rate & Alternative Income Term Trust","GOF":"Guggenheim Strategic Opportuniti","BK4135":"资产管理与托管银行","PDT":"约翰汉考克爱国者基金","PTY":"PIMCO企债收益机会基金","USOI":"X-Links Crude Oil Shares Covered Call ETN","SPE":"Special Opportunities Fund Inc"},"source_url":"https://seekingalpha.com/article/4584052-my-income-portfolio-a-stairway-to-heaven","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2316919079","content_text":"nicolamargaret/E+ via Getty Images Brunelleschi's Dome By whichever way one arrives, Florence announces itself from afar with the unmistakable outline of its cathedral dome, built by Filippo Brunelleschi between 1420 and 1436 and which Florentines call the \"Cupolone\" (a nickname from which I was inspired for my main portfolio). A symbol of Florence and the Renaissance, its mighty mass soars over the roofs of houses with red brick and white ribs projecting it skyward. Brunelleschi's admirable innovation was to erect its vault without the use of supporting armatures. In fact, it is formed by two distinct domes: an inner one, more than two meters thick, consisting of large arches made of ashlars arranged in a \"herringbone\" pattern; and an outer roofing dome covered with terracotta tiles and punctuated by eight white marble ribs. Between the two domes runs a path of narrow, dark corridors, initially designed to allow workers to build and maintain the structure, and later opened to the public so that they could climb up to the large lantern at its top. My parents took me to climb the 463 steps and explore the dome from the inside as a child, sparking my imagination. The first part of the ascent is indeed comfortable and smooth, but as one ascends, the steps become steeper and the radius of curvature of the outer dome makes the walk increasingly difficult, until the final steep and narrow ramp that leads to the open air. At its base, fearful, I stopped, and had to postpone the \"conquest\" of the summit until my later youth. Stairway to Heaven Led Zeppelin released this celebrated suite in 1971, but it wasn't until a few years later that it became part of my personal hit parade, and I have been listening to it ever since, losing myself in the magical atmosphere created by the initial guitar arpeggio and the sound of the sweet flute. I like to compare the ascent of Brunelleschi's dome to Led Zeppelin's \"stairway to heaven\": a path that likewise progresses from quiet and smooth to increasingly tight and pressing, until it explodes with the breathtaking view of Florence from above. Everyone has their own, personal stairway to heaven. Ever since I started investing in the U.S. financial market, I have always thought of investing in high-dividend securities as a kind of stairway to heaven, after so many years of ups and downs in my job. A stairway to climb step by step, thanks to the dividends that began to arrive regularly and created that \"virtuous circle\" that I would reluctantly give up (as well as providing a \"parachute\" during market crashes). The Secret to Riches The secret to riches is the same as the secret to comedy: timing. (Max Skinner from the movie A Good Year). While trying to remain as faithful as possible to my habit of not increasing the cost-basis price of my holdings, at the end of February I made some purchases on weakness, increasing my positions in two Cohen & Steers funds: Quality Income Realty (RQI) and Infrastructure (UTF). Their load price moved up, but only by a small percentage. Also, a small buy of CCAP, whose subsequent rebound from the lows made me very happy, despite its tax inefficiency for me as an Italian. I also lightened, on an uptick, my positions in BlackRock Science And Technology Trust (BST) and Royce Value Trust (RVT), rebalancing the weights of their respective portfolios and creating additional liquidity to increase my positions in two Eaton Vance funds that interest me: Tax-Adv. Global Dividend Opps (ETO) and Tax-Adv. Dividend Income (EVT), as well as John Hancock Tax-Adv. Dividend Income (HTD) and, again, Cohen & Steers Infrastructure (UTF). The latter four are all CEFs that I have been following for some time, waiting for the profitable moment (assuming it comes) to mediate their prices upward as little as possible. As I have said in previous articles, I never follow the trend of the market and always try to buy in the downside moments so as not to find myself \"caught off guard\" at the next crash. I know how nerve-wracking it is to wait for the rise from the lows during panic phases, which is why I never buy my names in moments of market mania. Today, we are still seeing attractive prices when projected over the long term and compared to the highs of the last three years, so I decided here and there to make a few targeted purchases without waiting any longer. Then maybe the market will correct and I will regret not having waited… but that's part of the game. My Overall Portfolio's Weights As you may know, my investments are divided into three different income portfolios: the above mentioned Cupolone, my primary CEF portfolio; Giotto, comprised of ETFs that adopt a covered-call strategy; and Masaccio, my \"tactical\" portfolio. In speaking of the holdings in the Giotto portfolio, I take this opportunity to point out an interesting article by Jason Zweig, entitled \"Why Investors Are Piling Into Funds That Promise Not to Beat the Stock Market,\" in the Wall Street Journal on Feb. 10, devoted entirely to ETFs that follow a covered-call strategy. This is the complete list of the 26 titles that make up my three portfolios today: Cupolone  BlackRock Science And Technology Trust (BST) Calamos Dynamic Convertible and Income (CCD) Calamos Global Total Return (CGO) Eaton Vance Enhanced Equity Income II (EOS) Eaton Vance Tax-Adv. Global Dividend Opps (ETO) Eaton Vance Tax-Adv. Dividend Income (EVT) Guggenheim Strategic Opp (GOF) John Hancock Tax-Adv. Dividend Income (HTD) Pimco Corporate & Income Strategy (PCN) Pimco Dynamic Income (PDI) John Hancock Premium Dividend (PDT) Pimco Corporate & Income Opportunities (PTY) Cohen & Steers Quality Income Realty (RQI) Special Opportunities Fund (SPE) Cohen & Steers Infrastructure (UTF) Reaves Utility Income Trust (UTG)  Giotto  JPMorgan Equity Premium Income (JEPI) JPMorgan Nasdaq Equity Premium Income (JEPQ) Global X Nasdaq 100 Covered Call (QYLD) Global X Russell 2000 Covered Call (RYLD) Global X S&P 500 Covered Call (XYLD)  Masaccio  Ares Capital Corp (ARCC) Crescent Capital (CCAP) Royce Value Trust (RVT) Credit Suisse X Links Crude Oil Shares Covered Call ETN (USOI) XAI Octagon FR & Alt Income Term Trust (XFLT)  And these are the current weights of all the holdings in my portfolios, with their relative load prices: Author Note: The weight of each security is shown based on the current market price. As can be easily verified by comparing the load prices of my holdings against their current market prices, the portfolio as a whole is making a loss, albeit a modest one, and partly offset by the rise of the dollar against the euro. This does not frighten me, as I consider myself a dividend investor looking at the long term, only marginally interested in additional possible capital gains at times when my stocks reach new highs and I decide to lighten their positions, as I have been doing for years now. But that's another story and I'll reevaluate over time, if the right conditions are met. Discounts/Premiums of my CEFs Before increasing already open positions, I always take a look at the relationship between the market price of the securities I am interested in and their NAV. The table below shows discounts and premiums for each CEF in my portfolio, with results that, in some cases, appear puzzling. As can be seen, the four fixed-income funds (GOF, PCN, PDI, and PTY) currently price at a premium to NAV that reaches and even exceeds double digits, peaking at 33+ percent for GOF. As far as I know, fixed debt and inflation are not friends, but evidently the market is chasing the yields of these funds, and this fact is driving up their premiums. I take this opportunity to point out that all four of these funds were purchased by me at discount in the spring of 2020, and their positions have never been increased since. Let's say that on fixed debt I keep the engine idle and now I'm focusing more on equity funds, in the prospect of a future rise in the market (for the possible capital gains I mentioned above.) As for the other CEFs, apart from CCD which has a double-digit premium, six quote at a discount while seven have a premium slightly above par. Here is a list of all 18 CEFs in my overall portfolio, showing their respective discounts or premiums (data as of Mar. 01, 2023): Morningstar These 18 CEFs are also joined by the two BDCs, of which CCAP quotes at a steep discount to NAV while ARCC shows a premium of more than 5 percent (updated data as of 12/31/2022), as can be seen in the table below: CEFData ORCC, a New Entry Lately, I have been entertaining the idea of adding another BDC to the Masaccio portfolio, namely ORCC, a specialty finance company focused on the top of the capital structure (71% First Lien Senior Secured, 14% Second Lien Senior Secured), whose debt investments are 98% floating rate. The performance of the stock is negative compared to launch, as can be seen from the chart below, with a sudden collapse in early 2020 (the start of the pandemic), a slow and gradual recovery until the outbreak of the war in Ukraine, but a comforting hold in the last year, although amid numerous ups and downs. ORCC is a stock launched in 2018, capitalizing over $5 billion, trading at a 9.34 percent discount to NAV (updated data as of 12/31/2022), and offering a yield at the current price of around 9.5 percent on a quarterly basis. For now, I have only put a little toe in this pond because, as always, I like to assess the performance of my holdings \"from the inside\": I will see over time whether and how much to increase my position. ORCC Price (YCharts) Bedtime Thought Indeed, we cannot dwell enough on the merits of dividend-based financial strategies, whose steady flow is self-sustaining, relieving psychological pressure and helping to face the market downturns more calmly. The market at the moment lacks directionality amid concerns about continuing high levels of inflation and fears about future restrictive monetary policy moves that could result in a recession. During the uncertainty, I continue to find meaning in the line of increasing the portfolio by buying on weakness or in downturns, and keeping the bar straight on my long-term goals. To do this, the wisest thing for me is to ignore the \"noise\" that accompanies us in these phases and that could lead us to rash moves in the wake of emotion. \"There's a lady who's sure all that glitters is gold and she's buying a stairway to heaven...\" sang Robert Plant. As for me, I don't think all that glitters is gold, but even I, in my own way, am trying to buy my stairway to heaven. And so far, it's working.  Editor's Note: This article covers one or more microcap stocks. Please be aware of the risks associated with these stocks.","news_type":1},"isVote":1,"tweetType":1,"viewCount":616,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9940789003,"gmtCreate":1678176653902,"gmtModify":1678178398506,"author":{"id":"4138441693914192","authorId":"4138441693914192","name":"LTKalien","avatar":"https://community-static.tradeup.com/news/d2ccbfcfe6e70ce1130e526f89dc16d3","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4138441693914192","authorIdStr":"4138441693914192"},"themes":[],"htmlText":"Much appreciated. Shall wait and see, patience might be golden.&nbsp;","listText":"Much appreciated. Shall wait and see, patience might be golden.&nbsp;","text":"Much appreciated. Shall wait and see, patience might be golden.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9940789003","repostId":"1183394463","repostType":2,"repost":{"id":"1183394463","pubTimestamp":1678172666,"share":"https://ttm.financial/m/news/1183394463?lang=&edition=fundamental","pubTime":"2023-03-07 15:04","market":"us","language":"en","title":"CrowdStrike Stock Earnings Preview: What To Watch For","url":"https://stock-news.laohu8.com/highlight/detail?id=1183394463","media":"Seeking Alpha","summary":"SummaryOn Tuesday, CrowdStrike reports its Q4 2023 earnings (not a typo).The consensus stands at $62","content":"<html><head></head><body><h2>Summary</h2><ul><li>On Tuesday, CrowdStrike reports its Q4 2023 earnings (not a typo).</li><li>The consensus stands at $625M for revenue, up 41% YoY, and $0.43 for EPS, up 42% YoY.</li><li>How do the tech layoffs and macroeconomic slowdown affect CrowdStrike?</li><li>The macroeconomic headwinds give CrowdStrike a strong value proposition.</li><li>I show you all other metrics that I will be watching closely.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4e11c4f34de4d42af35cdf542b048734\" tg-width=\"1080\" tg-height=\"628\" width=\"100%\" height=\"auto\"/><span>Galeanu Mihai</span></p><h2>Introduction</h2><p>On Tuesday, March 7, after the market close,CrowdStrike (NASDAQ:CRWD) will report its Q4 2023 earnings. That&#39;s not a typo, as the company&#39;s fiscal year is one year ahead of the calendar year.</p><p>In this article, I want to lookforward to those earnings. What is important? What can make the CRWD stock move? What to pay attention to?</p><p>After the Q3 2023 earnings were reported,CrowdStrike&#39;s stock price collapsed: down 20%, despite another beat-beat-raise quarter. It kept going down for another month and a half, but started recovering with the rest of growth stocks in early January. Right now, the stock is still down about 9%.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d3cd6e953af91ee47ec2069663e4669b\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"/><span>Data by YCharts</span></p><p>Another such extreme reaction is always possible with growth stocks. But as a long-term investor, I don&#39;t care too much about short-term movements as long as it&#39;s based on slight missesto the consensus. This doesn&#39;t impact the long-term investment thesis.</p><h2>CrowdStrike&#39;s Revenue</h2><p>For a growth stock, the first thing to look at is revenue growth. For this quarter, the consensus forCrowdStrike stands at $625 million, up 45% year-over-year. That consensus has decreased since management guided for Q4 revenue between $619.1 million and $628.2 million in the previous quarter. The consensus back then stood at $634.2 million, which means the midpoint missed the consensus by 1.7%.</p><p>Management usually guides very conservatively and it will probably beat its guidance. I would not even be surprised if it beats the original consensus of $634.2 million. That already shows how silly these big up and down swings in the stock price are. They are not caused by investors, but by traders and algorithms.</p><p>Don&#39;t get me wrong, even for long-term investors, traders and algos are very important because they take care of the liquidity in the market, but it&#39;s just a totally different game. It may sound strange, but sometimes I can be really happy if a stock drops by 20% without material weaknesses. Yes, even now, after such a long time of bad results for growth investors. More pain now means more gains in the future.</p><p>One of the reasons the stock was down so much after the Q3 2023 earnings was probably also that the company didn&#39;t beat<i>enough</i>for the market. While the company beat by 5.25% on average, this time the revenue beat was just 1%, the lowest beat sinceCrowdStrike&#39;s first quarter as a public company.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d18497bdbdede35adbc213e850051aac\" tg-width=\"1504\" tg-height=\"565\" width=\"100%\" height=\"auto\"/><span>Seeking Alpha Premium</span></p><p>IfCrowdStrike beat the consensus by the average before last quarter, so that 5.25% we already saw, revenue would come in at $658 million, about $30 million higher. It shows that the law of large numbers also works for beating the consensus. Just two years ago, beating by $30 million in Q4 would have meant beating the consensus by 22%.</p><p>The company said in the previous earnings that sales cycles became a bit longer, by 11% on average, which is not unsubstantial. Most of this slowdown was caused by SMBs,CrowdStrike&#39;s smaller customers. But the deals were not canceled, just pushed further into the future. I expect to see more of the same in this quarter.</p><p>ARR, or Annual Recurring Revenue, increased 54% year-over-year in the previous quarter and grew to $2.34 billion. $198.1 million was net new ARR from this quarter, about 10% quarter-over-quarter growth. This is something I will be watching again. Management ascribed the new ARR slightly below expectations to increased macroeconomic headwinds and longer sales cycles, especially for smaller customers.</p><p>Big customers still signed up as fast as before, but instead of going all-in at the start, they chose multi-phase subscription start dates, which delays ARR recognition until future quarters. In Q3, $10 million of ARR was moved to Q4. Again, I will look at what management has to say about this. I expect more of the same. After all, the conditions have not improved in Q4, to the contrary even.</p><h2>Profitability</h2><p>Since interest rates shot up, revenue growth is not enough anymore for the market. It asks for profitability, companies that don&#39;t have to go to the market to offer shares at depressed valuations or, even worse, take on debt to fund growth. Fortunately for its shareholders,CrowdStrike is profitable.</p><p>EPS (earnings per share) are expected to come in at $0.43 on a non-GAAP basis. That would be up almost 42% year-over-year. If you look on a GAAP basis, the company still loses money, mainly because of the stock-based compensation.</p><p>In the last quarters,CrowdStrike&#39;s stock-based compensation growth has been trending down. These are the year-over-year growth numbers in the last seven quarters.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ea5a7b44b552673953ba6926f945cadc\" tg-width=\"640\" tg-height=\"142\" width=\"100%\" height=\"auto\"/><span>Seeking Alpha Premium</span></p><p>Stock-based compensation is still 24% of revenue and I would like to see that number decrease over time. Because of certain contracts, companies can not always switch fast. It can take a few quarters or even over a year.</p><p>GAAP rules require companies to fully deduct stock-based compensation from earnings. I don&#39;t think this gives a correct picture. After all, a company&#39;s free cash flow is much more important. That&#39;s the money it can use to pay employees, make an acquisition, do buybacks or whatever important activity that can make companies great over time.</p><p>But completely ignoring stock-based compensation is also not advisable. That&#39;s why I look at the free cash flow per share growth.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/328666babdff3a714962107640a11f8c\" tg-width=\"640\" tg-height=\"96\" width=\"100%\" height=\"auto\"/><span>Seeking Alpha Premium</span></p><p>As you can see,CrowdStrike&#39;s FCF per share growth is still very healthy, despite the dilution, although it will always be a bit bumpy.</p><p>Tech Layoffs Impact?</p><p>In the earnings of Datadog (DDOG) and Snowflake (SNOW), we have seen that usage-based models see quite a bit of growth slowdown as their customers look for savings and therefore optimize their spending.</p><p>On the other hand, with the many tech lay-offs we have seen recently, models based on per-seat billing could also see pressure.</p><p>CrowdStrike charges per endpoint, on a subscription basis. An endpoint is a device that can be connected to a network. So, think of laptops, desktops, mobile phones, tablets, servers, etc. I think this model is somewhat better protected from the strong economic headwinds we are experiencing but it is of course not immune.</p><p>On the previous earnings call, George Kurtz also emphasized thatCrowdStrike has a great value proposition.</p><blockquote>Based upon our business value assessment and realized analysis, we estimate that, on average, enterprise customers observed a 68% increase in operational efficiencies with the Falcon platform, equating to an offset of approximately 3.5 full-time employees. We believe today&#39;s macro pressures on businesses and the escalating threat environment make Falcon&#39;s value proposition as a consolidator more important today than at any other time in CrowdStrike&#39;s history.</blockquote><p>This could be a very convincing argument for companies looking for efficiency everywhere now.</p><h2>Other Numbers I will be watching</h2><p>There are some other things I will be watching. One is definitely the number of new customers. In Q3,CrowdStrike added 1,460 new customers, which led to 21,146 customers, up 44% year-over-year. This also validated what management said. 44% more new customers but revenue up &#39;just&#39; 41% means newer customers are more hesitant to start with big contracts from the start. I would not be surprised to see this continue in the Q4 results.</p><p>In Q3, 60% of CrowdStrike’s customers subscribed to more than five modules, 36% to more than six and 21% to more than seven. This represents a 55%, 66% and 81% year-over-year increase in these module cohorts. These numbers show the great power ofCrowdStrike&#39;s platform approach. Judging from management&#39;s comment in the last earnings call, I expect this growth to slow down.</p><p>Another very important number is DBNRR or dollar-based net retention rate. Let me explain why it&#39;s so important. They always say the best new customers are your own customers. That&#39;s what DBNRR measures.</p><p>Don&#39;t confuse it with DBNER, which stands for dollar-based net expansion rate. DBNRR includes churn, DBNER doesn&#39;t.</p><p>Let me illustrate this with an example. Company XYZ has 100 customers, paying $1 million each. The next year, 10 customers of that cohort leave, but those who stay buy extra services and pay $1.2 million each.</p><p>The dollar-based net<i>expansion</i>rate will be 120%, the 20% difference between $1 million and $1.2 million added to the 100% of last year.</p><p>The dollar-based net<i>retention</i>rate will be much lower. It&#39;s calculated as follows:</p><p>year 1: revenue $100M (100x$1M)</p><p>year 2: revenue $108M (90x$1.2M)</p><p>The DBNRR will be just 108%, much lower than the DBNER of 120%.</p><p>I think you can see why I prefer companies reporting DBNRR.</p><p>Unfortunately,CrowdStrike stopped reporting the exact quarterly DBNRR. It reported that DBNRR was above 120% again, which has been the case forCrowdStrike for the last five years. Founder and CEO George Kurtz said on the Q3 conference call:</p><blockquote>Our dollar-based net retention rate was well above Q3 of last year and consistent with our Q2 performance, which was at the highest level in seven quarters.</blockquote><p>That meant that DBNRR was above 124.8%, quite impressive in such a tough environment. Ideally, DBNRR remains above 120%, although the law of large numbers will also have an impact there at a certain point. That great DBNRR is only possible becauseCrowdStrike&#39;s churn is minimal. In Q3 2022, yearly churn was just 2%. I hope management discloses this number again in Q4.</p><p>The company has a very strong balance sheet, with $1.8 billion in net cash and equivalents, so there&#39;s no reason for worry there.</p><h2>Guidance</h2><p>As we saw in the last quarter, guidance coming in a bit lower than analysts had expected can move the stock substantially.</p><p>The revenue consensus for Q1 2024 (again, that&#39;s the fiscal year, of course) stands at $666.73 million, which would mean growth of 36.66% YoY. Missing this consensus could move the stock down again. But for long-term investors, a slight miss is not a disaster. I will happily add to my position if the stock drops again on a slight miss.</p><p>For EPS, the consensus is $0.43, the same as this quarter. For Q1 2024, that would mean growth of 40%.</p><h2>Conclusion</h2><p>There&#39;s a great deal to watch out for whenCrowdStrike releases its earnings Tuesday. Of course, there could be an extreme move in the stock price again, but as long as this is not caused by something that really changes the long-term investment thesis, I don&#39;t think long-term investors should worry too much. I hope this article can help when you listen to the conference call or you go through articles assessing the earnings.</p><p>In the meantime, keep growing!</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>CrowdStrike Stock Earnings Preview: What To Watch For</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\">\nCrowdStrike Stock Earnings Preview: What To Watch For\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-07 15:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4584909-crowdstrike-stock-earnings-preview><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryOn Tuesday, CrowdStrike reports its Q4 2023 earnings (not a typo).The consensus stands at $625M for revenue, up 41% YoY, and $0.43 for EPS, up 42% YoY.How do the tech layoffs and macroeconomic ...</p>\n\n<a href=\"https://seekingalpha.com/article/4584909-crowdstrike-stock-earnings-preview\">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."},"source_url":"https://seekingalpha.com/article/4584909-crowdstrike-stock-earnings-preview","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1183394463","content_text":"SummaryOn Tuesday, CrowdStrike reports its Q4 2023 earnings (not a typo).The consensus stands at $625M for revenue, up 41% YoY, and $0.43 for EPS, up 42% YoY.How do the tech layoffs and macroeconomic slowdown affect CrowdStrike?The macroeconomic headwinds give CrowdStrike a strong value proposition.I show you all other metrics that I will be watching closely.Galeanu MihaiIntroductionOn Tuesday, March 7, after the market close,CrowdStrike (NASDAQ:CRWD) will report its Q4 2023 earnings. That's not a typo, as the company's fiscal year is one year ahead of the calendar year.In this article, I want to lookforward to those earnings. What is important? What can make the CRWD stock move? What to pay attention to?After the Q3 2023 earnings were reported,CrowdStrike's stock price collapsed: down 20%, despite another beat-beat-raise quarter. It kept going down for another month and a half, but started recovering with the rest of growth stocks in early January. Right now, the stock is still down about 9%.Data by YChartsAnother such extreme reaction is always possible with growth stocks. But as a long-term investor, I don't care too much about short-term movements as long as it's based on slight missesto the consensus. This doesn't impact the long-term investment thesis.CrowdStrike's RevenueFor a growth stock, the first thing to look at is revenue growth. For this quarter, the consensus forCrowdStrike stands at $625 million, up 45% year-over-year. That consensus has decreased since management guided for Q4 revenue between $619.1 million and $628.2 million in the previous quarter. The consensus back then stood at $634.2 million, which means the midpoint missed the consensus by 1.7%.Management usually guides very conservatively and it will probably beat its guidance. I would not even be surprised if it beats the original consensus of $634.2 million. That already shows how silly these big up and down swings in the stock price are. They are not caused by investors, but by traders and algorithms.Don't get me wrong, even for long-term investors, traders and algos are very important because they take care of the liquidity in the market, but it's just a totally different game. It may sound strange, but sometimes I can be really happy if a stock drops by 20% without material weaknesses. Yes, even now, after such a long time of bad results for growth investors. More pain now means more gains in the future.One of the reasons the stock was down so much after the Q3 2023 earnings was probably also that the company didn't beatenoughfor the market. While the company beat by 5.25% on average, this time the revenue beat was just 1%, the lowest beat sinceCrowdStrike's first quarter as a public company.Seeking Alpha PremiumIfCrowdStrike beat the consensus by the average before last quarter, so that 5.25% we already saw, revenue would come in at $658 million, about $30 million higher. It shows that the law of large numbers also works for beating the consensus. Just two years ago, beating by $30 million in Q4 would have meant beating the consensus by 22%.The company said in the previous earnings that sales cycles became a bit longer, by 11% on average, which is not unsubstantial. Most of this slowdown was caused by SMBs,CrowdStrike's smaller customers. But the deals were not canceled, just pushed further into the future. I expect to see more of the same in this quarter.ARR, or Annual Recurring Revenue, increased 54% year-over-year in the previous quarter and grew to $2.34 billion. $198.1 million was net new ARR from this quarter, about 10% quarter-over-quarter growth. This is something I will be watching again. Management ascribed the new ARR slightly below expectations to increased macroeconomic headwinds and longer sales cycles, especially for smaller customers.Big customers still signed up as fast as before, but instead of going all-in at the start, they chose multi-phase subscription start dates, which delays ARR recognition until future quarters. In Q3, $10 million of ARR was moved to Q4. Again, I will look at what management has to say about this. I expect more of the same. After all, the conditions have not improved in Q4, to the contrary even.ProfitabilitySince interest rates shot up, revenue growth is not enough anymore for the market. It asks for profitability, companies that don't have to go to the market to offer shares at depressed valuations or, even worse, take on debt to fund growth. Fortunately for its shareholders,CrowdStrike is profitable.EPS (earnings per share) are expected to come in at $0.43 on a non-GAAP basis. That would be up almost 42% year-over-year. If you look on a GAAP basis, the company still loses money, mainly because of the stock-based compensation.In the last quarters,CrowdStrike's stock-based compensation growth has been trending down. These are the year-over-year growth numbers in the last seven quarters.Seeking Alpha PremiumStock-based compensation is still 24% of revenue and I would like to see that number decrease over time. Because of certain contracts, companies can not always switch fast. It can take a few quarters or even over a year.GAAP rules require companies to fully deduct stock-based compensation from earnings. I don't think this gives a correct picture. After all, a company's free cash flow is much more important. That's the money it can use to pay employees, make an acquisition, do buybacks or whatever important activity that can make companies great over time.But completely ignoring stock-based compensation is also not advisable. That's why I look at the free cash flow per share growth.Seeking Alpha PremiumAs you can see,CrowdStrike's FCF per share growth is still very healthy, despite the dilution, although it will always be a bit bumpy.Tech Layoffs Impact?In the earnings of Datadog (DDOG) and Snowflake (SNOW), we have seen that usage-based models see quite a bit of growth slowdown as their customers look for savings and therefore optimize their spending.On the other hand, with the many tech lay-offs we have seen recently, models based on per-seat billing could also see pressure.CrowdStrike charges per endpoint, on a subscription basis. An endpoint is a device that can be connected to a network. So, think of laptops, desktops, mobile phones, tablets, servers, etc. I think this model is somewhat better protected from the strong economic headwinds we are experiencing but it is of course not immune.On the previous earnings call, George Kurtz also emphasized thatCrowdStrike has a great value proposition.Based upon our business value assessment and realized analysis, we estimate that, on average, enterprise customers observed a 68% increase in operational efficiencies with the Falcon platform, equating to an offset of approximately 3.5 full-time employees. We believe today's macro pressures on businesses and the escalating threat environment make Falcon's value proposition as a consolidator more important today than at any other time in CrowdStrike's history.This could be a very convincing argument for companies looking for efficiency everywhere now.Other Numbers I will be watchingThere are some other things I will be watching. One is definitely the number of new customers. In Q3,CrowdStrike added 1,460 new customers, which led to 21,146 customers, up 44% year-over-year. This also validated what management said. 44% more new customers but revenue up 'just' 41% means newer customers are more hesitant to start with big contracts from the start. I would not be surprised to see this continue in the Q4 results.In Q3, 60% of CrowdStrike’s customers subscribed to more than five modules, 36% to more than six and 21% to more than seven. This represents a 55%, 66% and 81% year-over-year increase in these module cohorts. These numbers show the great power ofCrowdStrike's platform approach. Judging from management's comment in the last earnings call, I expect this growth to slow down.Another very important number is DBNRR or dollar-based net retention rate. Let me explain why it's so important. They always say the best new customers are your own customers. That's what DBNRR measures.Don't confuse it with DBNER, which stands for dollar-based net expansion rate. DBNRR includes churn, DBNER doesn't.Let me illustrate this with an example. Company XYZ has 100 customers, paying $1 million each. The next year, 10 customers of that cohort leave, but those who stay buy extra services and pay $1.2 million each.The dollar-based netexpansionrate will be 120%, the 20% difference between $1 million and $1.2 million added to the 100% of last year.The dollar-based netretentionrate will be much lower. It's calculated as follows:year 1: revenue $100M (100x$1M)year 2: revenue $108M (90x$1.2M)The DBNRR will be just 108%, much lower than the DBNER of 120%.I think you can see why I prefer companies reporting DBNRR.Unfortunately,CrowdStrike stopped reporting the exact quarterly DBNRR. It reported that DBNRR was above 120% again, which has been the case forCrowdStrike for the last five years. Founder and CEO George Kurtz said on the Q3 conference call:Our dollar-based net retention rate was well above Q3 of last year and consistent with our Q2 performance, which was at the highest level in seven quarters.That meant that DBNRR was above 124.8%, quite impressive in such a tough environment. Ideally, DBNRR remains above 120%, although the law of large numbers will also have an impact there at a certain point. That great DBNRR is only possible becauseCrowdStrike's churn is minimal. In Q3 2022, yearly churn was just 2%. I hope management discloses this number again in Q4.The company has a very strong balance sheet, with $1.8 billion in net cash and equivalents, so there's no reason for worry there.GuidanceAs we saw in the last quarter, guidance coming in a bit lower than analysts had expected can move the stock substantially.The revenue consensus for Q1 2024 (again, that's the fiscal year, of course) stands at $666.73 million, which would mean growth of 36.66% YoY. Missing this consensus could move the stock down again. But for long-term investors, a slight miss is not a disaster. I will happily add to my position if the stock drops again on a slight miss.For EPS, the consensus is $0.43, the same as this quarter. For Q1 2024, that would mean growth of 40%.ConclusionThere's a great deal to watch out for whenCrowdStrike releases its earnings Tuesday. Of course, there could be an extreme move in the stock price again, but as long as this is not caused by something that really changes the long-term investment thesis, I don't think long-term investors should worry too much. I hope this article can help when you listen to the conference call or you go through articles assessing the earnings.In the meantime, keep growing!","news_type":1},"isVote":1,"tweetType":1,"viewCount":398,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}