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2023-03-29

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UP Fintech posts annual revenue of US$225.4 million in 2022

2023-03-29

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The number of new funded accounts (new customers with deposits) rose by 27,300 to a total of 781,500 worldwide in Q4, bolstering the company&#39;s annual acquisition of 108,100 new customers with deposits — a number overachieving the target of 100,000 new funded accounts in 2022.</p><p style=\"text-align: start;\">In Q4 2022, the total trading volume from customers stood at US$68.5 billion, of which US$20.5 billion was on share trading. On a different note, 7.4 million options and futures contracts were made on the platform during the period. The customers&#39; total account balance (assets) amounted to US$14.0 billion by the end of the period, up 8.1% QoQ. The net asset inflow from customers went above US$1.4 billion, with 98% of customers with assets retained during the period.</p><p style=\"text-align: start;\">&#34;In the fourth quarter, our interest-related incomes expanded on both year-over-year (YoY) and quarter-over-quarter (QoQ) basis, boosted by the Federal Reserve&#39;s interest rate hikes. Our revenue continued to grow QoQ, and the net income was up YoY,&#34; said <strong>Wu Tianhua, CEO and founder of UP Fintech</strong>.</p><p style=\"text-align: start;\">&#34;<strong>Looking back over the past year</strong>, in spite of the macroeconomic headwinds, the company presented its resilience with solid results. We were committed to investing in R&amp;D and increasing operational efficiency, actions that halved the company&#39;s clearing-related costs on a YoY basis and made non-GAAP income profitable for the third consecutive year. On the business operations front, we are pleased to see that our annual target of new funded accounts was overachieved. Our global expansion thrust us into Hong Kong, where we are bringing the most price-to-performance global investing services. Product-wise, we introduced fractional shares trading and auto-invest plan (AIP) for US stocks — features we believe will drive long-term customer growth and promote user stickiness. <strong>Looking forward</strong>, we are optimistic about the market, and will remain zeroed in on R&amp;D and efficiency, while staying compliant in all the markets where we operate, in a relentless effort to let everyone enjoy innovative and high-quality fintech products,&#34; <strong>Wu added</strong>.</p><p style=\"text-align: start;\"><strong>In Singapore, average net deposit of new customers rises for 3rd consecutive quarter, trading volume up 56% YoY</strong></p><p style=\"text-align: start;\"><strong>Tiger Trade extensively favored for global investing across Singapore</strong></p><p style=\"text-align: start;\">In 2022, the company&#39;s global expansion tread steadily with positive outcomes and increasingly wide public recognition.</p><p style=\"text-align: start;\">By the end of 2022, in Singapore about a third of local adult residents aged above 20 had used Tiger Trade, making the platform extensively favored in one of the global financial centers — thanks to the wide trust the company has continuously gained from local clients and its stepped-up localized business strategy.</p><p style=\"text-align: start;\">In Q4, the average net deposit of newly acquired clients grew for the third consecutive quarter to almost reach the US$12,000 threshold, indicating the company&#39;s rising attraction to high-net-worth customers.</p><p style=\"text-align: start;\">Thanks to the unparalleled user experience offered by the company&#39;s innovative products, the flagship platform Tiger Trade has become one of the top choices for trading Singapore Exchange (SGX) listed stocks, where in Q4, 1.02 billion SGX shares were traded with a total volume of US$540 million (SG$727 million), up 56% YoY.</p><p style=\"text-align: start;\">The company continuously deepened its link with prestigious financial institutions in the market. In collaboration with UOBAM, the United Fixed Maturity Bond Fund 1, a fixed-term product offering an annualized yield of up to 4.95% over the next three years, was launched. The product, managed by UOBAM, aims to take advantage of rising interest rates to lock in higher returns.</p><p style=\"text-align: start;\"><strong>Official arrival in Hong Kong with bang for the buck offers</strong></p><p style=\"text-align: start;\">The company officially expanded its business into Hong Kong in Q4, and has been widely lauded for its best price-to-performance products and services offered in this financial center of the world.</p><p style=\"text-align: start;\">Hong Kong residents are able to enjoy one-stop global investing services including Hong Kong stocks, warrants, callable bull/bear contracts (CBBCs), US stocks, US stock fractional shares, and ETFs — all in one account on Tiger Trade.</p><p style=\"text-align: start;\">In Hong Kong, investors can also opt for a maximum 20x leverage financing for Hong Kong IPO shares in public and global offerings, an alternative that largely helps them seize investing opportunities.</p><p style=\"text-align: start;\">In Australia, the recognition of the company kept rising among the general public. In November, Tiger Trade was awarded a 5-star rating in &#34;International Share Trading&#34; category by the trusted financial comparison site Canstar. The rating was based on the outstanding value offered to all-level investors, including features such as live market data, dynamic trading, market insights, and education tools, as well as competitive trade costs.</p><p style=\"text-align: start;\"><strong>US stock AIP and fractional share features introduced</strong></p><p style=\"text-align: start;\"><strong>In a bid to help investors weather market volatilities</strong></p><p style=\"text-align: start;\">In 2022, the company registered US$93.1 million for interest-related income, up 16.9% YoY. In the fourth quarter alone, the gross commission income was US$24.93 million, along with a US$33.13 million interest-related income, up 46.9% YoY. The self-clearing system greatly improved operational efficiency by slashing relevant costs by 49.9%</p><p style=\"text-align: start;\">In Q4, the Automatic Investment Plan (AIP) feature officially supported S&amp;P 500 stocks for users worldwide and lowered the investment threshold to US$1, the latest addition to US stock fractional sharing trading and a shift to the self-clearing system from the previous quarter.</p><p style=\"text-align: start;\">AIP offers investors a strategy to break even their buy-in costs, helping them tackle market movements in a rational manner and bringing long-term added value to their assets.</p><p style=\"text-align: start;\">Both features — US stock fractional share trading and AIP — represent the company&#39;s latest fruits cultivated by continuous trading technology and customer service innovations in 2022, which largely benefit the company in achieving user growth, improving user stickiness, and consolidating user retention</p><p style=\"text-align: start;\">In Q4, Tiger Trade users also started exclusively enjoying the individual stock financial results forecast feature till as far as three years ahead — a new extension only made possible by AI and big data technologies.</p><p style=\"text-align: start;\"><strong>Tiger Vault grows further and stronger</strong></p><p style=\"text-align: start;\"><strong>Annualized yield reaches 4.7%*</strong></p><p style=\"text-align: start;\">The company&#39;s wealth management arm saw progress in Q4 with optimizations applied to Tiger Vault. Customers&#39; assets in cash holding accounts are linked to trading financial products including stocks, funds, and options. Automatic subscriptions and redemptions are also available.</p><p style=\"text-align: start;\">Until now, Tiger Vault&#39;s seven-day annualized rate of return has reached 4.7% at its peak, outshining all the other products in the same category.</p><p style=\"text-align: start;\">In Q4, Tiger Vault saw the assets under management (AUM) up by 132.7% QoQ, and the number of account holders increased by 104.6% QoQ. This helped boost the AUM of the whole wealth management business by 103.1% QoQ, with the number of account holders up by 62.0% QoQ during the same period.</p><p style=\"text-align: start;\">The company&#39;s investor education initiative further dived in to understand the investors&#39; demand by going live with a series of courses catered to both fresh and seasoned investors, covering topics from Hong Kong stock trading, US stock trading, financial derivatives trading, exchange-traded funds, company valuation analysis, earnings results breakdown, etc.</p><p style=\"text-align: start;\">A long-term collaboration was also forged with SGX, in which financial institutions, including Standard Chartered, offered investors deep analysis on popular investment topics and sought-after industry analysis.</p><p style=\"text-align: start;\"><strong>Ranked third globally by US IPO underwriting deal count</strong></p><p style=\"text-align: start;\"><strong>&#39;Consulting + SaaS&#39; ESOP closed-loop system structured to transform equity management</strong></p><p style=\"text-align: start;\">During Q4, other revenues from to-business corporate services, including investment banking and employee stock ownership plan (ESOP), reached US$5.8 million, up 46.4% QoQ. The total of other services reached US$24.19 million in 2022.</p><p style=\"text-align: start;\">The company underwrote 14 Hong Kong IPOs, a number that overtook the total deal count from the previous three quarters, amid the market&#39;s warm-up. In 2022, the company participated in 53 US and Hong Kong IPO projects.</p><p style=\"text-align: start;\">In 2022, the company got third rank among all global investment banks in terms of deal count of US IPOs underwritten, according to third-party statistics, which also reveal that the company ranked second in the year in IPOs in various underwriting types, including for special purpose acquisition companies (SPACs), thanks to its years of accumulation of expertise in underwriting.</p><p style=\"text-align: start;\">Starting from Q4, the company&#39;s ESOP business spun off to operate under the new brand &#34;UponeShare&#34;. In Q4, 26 ESOP clients were signed, bringing the number of new clients in 2022 to 106 and the total number of clients to 419, up 34% YoY.</p><p style=\"text-align: start;\">In 2022, UponeShare launched consulting services for incentive stock options, part of the &#34;consulting + SaaS&#34; closed-loop system shaped to speed up the sector&#39;s equity management digital transformation. Non-stop innovations were also seen in its products with the amount/value adjustment feature introduced for mainland China&#39;s A-share system, while services including foreign currency registration and taxation recordation started to win the clients&#39; hearts.</p><p style=\"text-align: start;\">In 2022, 71 corporate clients opened their Tiger Enterprise Accounts, bringing the total clientele to 366. With its strategy of weaving online communications into offline experience sessions, the service is one of the go-to channels for companies seeking a Hong Kong or US IPO.</p><p style=\"text-align: start;\"> </p><p style=\"text-align: start;\">*4.7% was the seven-day annualized yield rate marked on March 24, 2023 for Tiger Vault&#39;s fund SGXZ99103178. Please note that this historical rate does not guarantee the fund&#39;s future yields.</p><p style=\"text-align: start;\"> </p><p style=\"text-align: start;\"><strong><u>About UP Fintech</u></strong></p><p style=\"text-align: start;\">UP Fintech Holding Limited (Nasdaq: TIGR), also known as Tiger Brokers, is a leading online brokerage with a focus on redefining global investing with technology for the next generation.</p><p style=\"text-align: start;\">Founded in 2014, we relentlessly offer a superior user experience in pursuit of becoming a world-leading online brokerage, to let everyone enjoy efficient and smart investing. Currently, we offer a multitude of quality financial products and services across brokerage, employee stock ownership plan (ESOP) management, investment banking, wealth management, investor community, and investor education.</p><p style=\"text-align: start;\">We strive to elevate financial technology R&amp;D to a new level. While we inherit the best traditions from the financial sector and blend them with the best minds of tech experts, we develop our own technology infrastructure—an aggregation that enables multi-currency trading of various products across markets, guaranteeing our reliable, secure, and scalable services are accessible to all with low latency.</p><p style=\"text-align: start;\">In March 2019, UP Fintech was listed on Nasdaq under the ticker TIGR. As of now, we serve over 9 million users and more than 2 million account holders worldwide on our flagship platform &#34;Tiger Trade&#34;, own 69 licenses and qualifications in different markets, and have over 1,000 employees on the team in Singapore, New Zealand, the US, Hong Kong, Australia, and mainland China.</p><p style=\"text-align: start;\">For more information about UP Fintech as a company, please visit itigerup.com</p><p style=\"text-align: start;\"> </p><p style=\"text-align: start;\"><strong><u>Safe Harbor Statement</u></strong></p><p style=\"text-align: start;\">This announcement contains forward−looking statements. These statements are made under the &#34;safe harbor&#34; provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward−looking statements can be identified by terminology such as &#34;may,&#34; &#34;might,&#34; &#34;aim,&#34; &#34;likely to,&#34; &#34;will,&#34; &#34;expects,&#34; &#34;anticipates,&#34; &#34;future,&#34; &#34;intends,&#34; &#34;plans,&#34; &#34;believes,&#34; &#34;estimates&#34; and similar statements or expressions. Among other statements, the business outlook and quotations from management in this announcement, as well as the Company&#39;s strategic and operational plans, contain forward−looking statements. The Company may also make written or oral forward−looking statements in its periodic reports to the U.S. Securities and Exchange Commission (&#34;SEC&#34;) on Forms 20−F and 6−K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties, including the earnings conference call. Statements that are not historical facts, including statements about the Company&#39;s beliefs and expectations, are forward−looking statements. Forward−looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward−looking statement, including but not limited to the following: the cooperation with Interactive Brokers LLC and Xiaomi Corporation and its affiliates; the Company&#39;s ability to effectively implement its growth strategies; trends and competition in global financial markets; changes in the Company&#39;s revenues and certain cost or expense accounting policies; the effects of the global COVID-19 pandemic; and governmental policies and regulations affecting the Company&#39;s industry and general economic conditions in China, Singapore and other countries. Further information regarding these and other risks is included in the Company&#39;s filings with the SEC, including the Company&#39;s annual report on Form 20-F filed with the SEC on April 28, 2022. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law. Further information regarding these and other risks is included in the Company&#39;s filings with the SEC.</p><p style=\"text-align: start;\"> </p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>UP Fintech posts annual revenue of US$225.4 million in 2022</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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or the &#34;Company&#34;, Nasdaq: TIGR, and all its subsidiaries and consolidated entities), an online brokerage with a focus on redefining global investing with technologies for the next generation, announced its unaudited financial results for the quarter and the year ended December 31, 2022.</p><p style=\"text-align: start;\">Amid the macroeconomic headwinds and market volatilities worldwide in 2022, the company showcased its strong strategic execution capabilities and improved operational efficiency, posting annual revenue of US$225.4 million and non-GAAP net income attributable to UP Fintech of US$12.68 million — registering a profit for the third consecutive year.</p><p style=\"text-align: start;\">In the fourth quarter of 2022, UP Fintech&#39;s total revenue amounted to US$63.85 million, up 15.2% quarter-over-quarter (QoQ), and the non-GAAP net income was numbered at US$4.52 million.</p><p style=\"text-align: start;\">During Q4, the number of new customer accounts globally increased by 37,600, bringing the total account holders to over 2 million. The number of new funded accounts (new customers with deposits) rose by 27,300 to a total of 781,500 worldwide in Q4, bolstering the company&#39;s annual acquisition of 108,100 new customers with deposits — a number overachieving the target of 100,000 new funded accounts in 2022.</p><p style=\"text-align: start;\">In Q4 2022, the total trading volume from customers stood at US$68.5 billion, of which US$20.5 billion was on share trading. On a different note, 7.4 million options and futures contracts were made on the platform during the period. The customers&#39; total account balance (assets) amounted to US$14.0 billion by the end of the period, up 8.1% QoQ. The net asset inflow from customers went above US$1.4 billion, with 98% of customers with assets retained during the period.</p><p style=\"text-align: start;\">&#34;In the fourth quarter, our interest-related incomes expanded on both year-over-year (YoY) and quarter-over-quarter (QoQ) basis, boosted by the Federal Reserve&#39;s interest rate hikes. Our revenue continued to grow QoQ, and the net income was up YoY,&#34; said <strong>Wu Tianhua, CEO and founder of UP Fintech</strong>.</p><p style=\"text-align: start;\">&#34;<strong>Looking back over the past year</strong>, in spite of the macroeconomic headwinds, the company presented its resilience with solid results. We were committed to investing in R&amp;D and increasing operational efficiency, actions that halved the company&#39;s clearing-related costs on a YoY basis and made non-GAAP income profitable for the third consecutive year. On the business operations front, we are pleased to see that our annual target of new funded accounts was overachieved. Our global expansion thrust us into Hong Kong, where we are bringing the most price-to-performance global investing services. Product-wise, we introduced fractional shares trading and auto-invest plan (AIP) for US stocks — features we believe will drive long-term customer growth and promote user stickiness. <strong>Looking forward</strong>, we are optimistic about the market, and will remain zeroed in on R&amp;D and efficiency, while staying compliant in all the markets where we operate, in a relentless effort to let everyone enjoy innovative and high-quality fintech products,&#34; <strong>Wu added</strong>.</p><p style=\"text-align: start;\"><strong>In Singapore, average net deposit of new customers rises for 3rd consecutive quarter, trading volume up 56% YoY</strong></p><p style=\"text-align: start;\"><strong>Tiger Trade extensively favored for global investing across Singapore</strong></p><p style=\"text-align: start;\">In 2022, the company&#39;s global expansion tread steadily with positive outcomes and increasingly wide public recognition.</p><p style=\"text-align: start;\">By the end of 2022, in Singapore about a third of local adult residents aged above 20 had used Tiger Trade, making the platform extensively favored in one of the global financial centers — thanks to the wide trust the company has continuously gained from local clients and its stepped-up localized business strategy.</p><p style=\"text-align: start;\">In Q4, the average net deposit of newly acquired clients grew for the third consecutive quarter to almost reach the US$12,000 threshold, indicating the company&#39;s rising attraction to high-net-worth customers.</p><p style=\"text-align: start;\">Thanks to the unparalleled user experience offered by the company&#39;s innovative products, the flagship platform Tiger Trade has become one of the top choices for trading Singapore Exchange (SGX) listed stocks, where in Q4, 1.02 billion SGX shares were traded with a total volume of US$540 million (SG$727 million), up 56% YoY.</p><p style=\"text-align: start;\">The company continuously deepened its link with prestigious financial institutions in the market. In collaboration with UOBAM, the United Fixed Maturity Bond Fund 1, a fixed-term product offering an annualized yield of up to 4.95% over the next three years, was launched. The product, managed by UOBAM, aims to take advantage of rising interest rates to lock in higher returns.</p><p style=\"text-align: start;\"><strong>Official arrival in Hong Kong with bang for the buck offers</strong></p><p style=\"text-align: start;\">The company officially expanded its business into Hong Kong in Q4, and has been widely lauded for its best price-to-performance products and services offered in this financial center of the world.</p><p style=\"text-align: start;\">Hong Kong residents are able to enjoy one-stop global investing services including Hong Kong stocks, warrants, callable bull/bear contracts (CBBCs), US stocks, US stock fractional shares, and ETFs — all in one account on Tiger Trade.</p><p style=\"text-align: start;\">In Hong Kong, investors can also opt for a maximum 20x leverage financing for Hong Kong IPO shares in public and global offerings, an alternative that largely helps them seize investing opportunities.</p><p style=\"text-align: start;\">In Australia, the recognition of the company kept rising among the general public. In November, Tiger Trade was awarded a 5-star rating in &#34;International Share Trading&#34; category by the trusted financial comparison site Canstar. The rating was based on the outstanding value offered to all-level investors, including features such as live market data, dynamic trading, market insights, and education tools, as well as competitive trade costs.</p><p style=\"text-align: start;\"><strong>US stock AIP and fractional share features introduced</strong></p><p style=\"text-align: start;\"><strong>In a bid to help investors weather market volatilities</strong></p><p style=\"text-align: start;\">In 2022, the company registered US$93.1 million for interest-related income, up 16.9% YoY. In the fourth quarter alone, the gross commission income was US$24.93 million, along with a US$33.13 million interest-related income, up 46.9% YoY. The self-clearing system greatly improved operational efficiency by slashing relevant costs by 49.9%</p><p style=\"text-align: start;\">In Q4, the Automatic Investment Plan (AIP) feature officially supported S&amp;P 500 stocks for users worldwide and lowered the investment threshold to US$1, the latest addition to US stock fractional sharing trading and a shift to the self-clearing system from the previous quarter.</p><p style=\"text-align: start;\">AIP offers investors a strategy to break even their buy-in costs, helping them tackle market movements in a rational manner and bringing long-term added value to their assets.</p><p style=\"text-align: start;\">Both features — US stock fractional share trading and AIP — represent the company&#39;s latest fruits cultivated by continuous trading technology and customer service innovations in 2022, which largely benefit the company in achieving user growth, improving user stickiness, and consolidating user retention</p><p style=\"text-align: start;\">In Q4, Tiger Trade users also started exclusively enjoying the individual stock financial results forecast feature till as far as three years ahead — a new extension only made possible by AI and big data technologies.</p><p style=\"text-align: start;\"><strong>Tiger Vault grows further and stronger</strong></p><p style=\"text-align: start;\"><strong>Annualized yield reaches 4.7%*</strong></p><p style=\"text-align: start;\">The company&#39;s wealth management arm saw progress in Q4 with optimizations applied to Tiger Vault. Customers&#39; assets in cash holding accounts are linked to trading financial products including stocks, funds, and options. Automatic subscriptions and redemptions are also available.</p><p style=\"text-align: start;\">Until now, Tiger Vault&#39;s seven-day annualized rate of return has reached 4.7% at its peak, outshining all the other products in the same category.</p><p style=\"text-align: start;\">In Q4, Tiger Vault saw the assets under management (AUM) up by 132.7% QoQ, and the number of account holders increased by 104.6% QoQ. This helped boost the AUM of the whole wealth management business by 103.1% QoQ, with the number of account holders up by 62.0% QoQ during the same period.</p><p style=\"text-align: start;\">The company&#39;s investor education initiative further dived in to understand the investors&#39; demand by going live with a series of courses catered to both fresh and seasoned investors, covering topics from Hong Kong stock trading, US stock trading, financial derivatives trading, exchange-traded funds, company valuation analysis, earnings results breakdown, etc.</p><p style=\"text-align: start;\">A long-term collaboration was also forged with SGX, in which financial institutions, including Standard Chartered, offered investors deep analysis on popular investment topics and sought-after industry analysis.</p><p style=\"text-align: start;\"><strong>Ranked third globally by US IPO underwriting deal count</strong></p><p style=\"text-align: start;\"><strong>&#39;Consulting + SaaS&#39; ESOP closed-loop system structured to transform equity management</strong></p><p style=\"text-align: start;\">During Q4, other revenues from to-business corporate services, including investment banking and employee stock ownership plan (ESOP), reached US$5.8 million, up 46.4% QoQ. The total of other services reached US$24.19 million in 2022.</p><p style=\"text-align: start;\">The company underwrote 14 Hong Kong IPOs, a number that overtook the total deal count from the previous three quarters, amid the market&#39;s warm-up. In 2022, the company participated in 53 US and Hong Kong IPO projects.</p><p style=\"text-align: start;\">In 2022, the company got third rank among all global investment banks in terms of deal count of US IPOs underwritten, according to third-party statistics, which also reveal that the company ranked second in the year in IPOs in various underwriting types, including for special purpose acquisition companies (SPACs), thanks to its years of accumulation of expertise in underwriting.</p><p style=\"text-align: start;\">Starting from Q4, the company&#39;s ESOP business spun off to operate under the new brand &#34;UponeShare&#34;. In Q4, 26 ESOP clients were signed, bringing the number of new clients in 2022 to 106 and the total number of clients to 419, up 34% YoY.</p><p style=\"text-align: start;\">In 2022, UponeShare launched consulting services for incentive stock options, part of the &#34;consulting + SaaS&#34; closed-loop system shaped to speed up the sector&#39;s equity management digital transformation. Non-stop innovations were also seen in its products with the amount/value adjustment feature introduced for mainland China&#39;s A-share system, while services including foreign currency registration and taxation recordation started to win the clients&#39; hearts.</p><p style=\"text-align: start;\">In 2022, 71 corporate clients opened their Tiger Enterprise Accounts, bringing the total clientele to 366. With its strategy of weaving online communications into offline experience sessions, the service is one of the go-to channels for companies seeking a Hong Kong or US IPO.</p><p style=\"text-align: start;\"> </p><p style=\"text-align: start;\">*4.7% was the seven-day annualized yield rate marked on March 24, 2023 for Tiger Vault&#39;s fund SGXZ99103178. Please note that this historical rate does not guarantee the fund&#39;s future yields.</p><p style=\"text-align: start;\"> </p><p style=\"text-align: start;\"><strong><u>About UP Fintech</u></strong></p><p style=\"text-align: start;\">UP Fintech Holding Limited (Nasdaq: TIGR), also known as Tiger Brokers, is a leading online brokerage with a focus on redefining global investing with technology for the next generation.</p><p style=\"text-align: start;\">Founded in 2014, we relentlessly offer a superior user experience in pursuit of becoming a world-leading online brokerage, to let everyone enjoy efficient and smart investing. Currently, we offer a multitude of quality financial products and services across brokerage, employee stock ownership plan (ESOP) management, investment banking, wealth management, investor community, and investor education.</p><p style=\"text-align: start;\">We strive to elevate financial technology R&amp;D to a new level. While we inherit the best traditions from the financial sector and blend them with the best minds of tech experts, we develop our own technology infrastructure—an aggregation that enables multi-currency trading of various products across markets, guaranteeing our reliable, secure, and scalable services are accessible to all with low latency.</p><p style=\"text-align: start;\">In March 2019, UP Fintech was listed on Nasdaq under the ticker TIGR. As of now, we serve over 9 million users and more than 2 million account holders worldwide on our flagship platform &#34;Tiger Trade&#34;, own 69 licenses and qualifications in different markets, and have over 1,000 employees on the team in Singapore, New Zealand, the US, Hong Kong, Australia, and mainland China.</p><p style=\"text-align: start;\">For more information about UP Fintech as a company, please visit itigerup.com</p><p style=\"text-align: start;\"> </p><p style=\"text-align: start;\"><strong><u>Safe Harbor Statement</u></strong></p><p style=\"text-align: start;\">This announcement contains forward−looking statements. These statements are made under the &#34;safe harbor&#34; provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward−looking statements can be identified by terminology such as &#34;may,&#34; &#34;might,&#34; &#34;aim,&#34; &#34;likely to,&#34; &#34;will,&#34; &#34;expects,&#34; &#34;anticipates,&#34; &#34;future,&#34; &#34;intends,&#34; &#34;plans,&#34; &#34;believes,&#34; &#34;estimates&#34; and similar statements or expressions. Among other statements, the business outlook and quotations from management in this announcement, as well as the Company&#39;s strategic and operational plans, contain forward−looking statements. The Company may also make written or oral forward−looking statements in its periodic reports to the U.S. Securities and Exchange Commission (&#34;SEC&#34;) on Forms 20−F and 6−K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties, including the earnings conference call. Statements that are not historical facts, including statements about the Company&#39;s beliefs and expectations, are forward−looking statements. Forward−looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward−looking statement, including but not limited to the following: the cooperation with Interactive Brokers LLC and Xiaomi Corporation and its affiliates; the Company&#39;s ability to effectively implement its growth strategies; trends and competition in global financial markets; changes in the Company&#39;s revenues and certain cost or expense accounting policies; the effects of the global COVID-19 pandemic; and governmental policies and regulations affecting the Company&#39;s industry and general economic conditions in China, Singapore and other countries. Further information regarding these and other risks is included in the Company&#39;s filings with the SEC, including the Company&#39;s annual report on Form 20-F filed with the SEC on April 28, 2022. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law. Further information regarding these and other risks is included in the Company&#39;s filings with the SEC.</p><p style=\"text-align: start;\"> </p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TIGR":"老虎证券"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174166301","content_text":"The company turns a profit in non-GAAP terms for the third consecutive year Annual target of new funded accounts is overachieved amid scaled-up global expansionSingapore and New York, March 29, 2023 — UP Fintech Holding Limited (\"UP Fintech\" or the \"Company\", Nasdaq: TIGR, and all its subsidiaries and consolidated entities), an online brokerage with a focus on redefining global investing with technologies for the next generation, announced its unaudited financial results for the quarter and the year ended December 31, 2022.Amid the macroeconomic headwinds and market volatilities worldwide in 2022, the company showcased its strong strategic execution capabilities and improved operational efficiency, posting annual revenue of US$225.4 million and non-GAAP net income attributable to UP Fintech of US$12.68 million — registering a profit for the third consecutive year.In the fourth quarter of 2022, UP Fintech's total revenue amounted to US$63.85 million, up 15.2% quarter-over-quarter (QoQ), and the non-GAAP net income was numbered at US$4.52 million.During Q4, the number of new customer accounts globally increased by 37,600, bringing the total account holders to over 2 million. The number of new funded accounts (new customers with deposits) rose by 27,300 to a total of 781,500 worldwide in Q4, bolstering the company's annual acquisition of 108,100 new customers with deposits — a number overachieving the target of 100,000 new funded accounts in 2022.In Q4 2022, the total trading volume from customers stood at US$68.5 billion, of which US$20.5 billion was on share trading. On a different note, 7.4 million options and futures contracts were made on the platform during the period. The customers' total account balance (assets) amounted to US$14.0 billion by the end of the period, up 8.1% QoQ. The net asset inflow from customers went above US$1.4 billion, with 98% of customers with assets retained during the period.\"In the fourth quarter, our interest-related incomes expanded on both year-over-year (YoY) and quarter-over-quarter (QoQ) basis, boosted by the Federal Reserve's interest rate hikes. Our revenue continued to grow QoQ, and the net income was up YoY,\" said Wu Tianhua, CEO and founder of UP Fintech.\"Looking back over the past year, in spite of the macroeconomic headwinds, the company presented its resilience with solid results. We were committed to investing in R&D and increasing operational efficiency, actions that halved the company's clearing-related costs on a YoY basis and made non-GAAP income profitable for the third consecutive year. On the business operations front, we are pleased to see that our annual target of new funded accounts was overachieved. Our global expansion thrust us into Hong Kong, where we are bringing the most price-to-performance global investing services. Product-wise, we introduced fractional shares trading and auto-invest plan (AIP) for US stocks — features we believe will drive long-term customer growth and promote user stickiness. Looking forward, we are optimistic about the market, and will remain zeroed in on R&D and efficiency, while staying compliant in all the markets where we operate, in a relentless effort to let everyone enjoy innovative and high-quality fintech products,\" Wu added.In Singapore, average net deposit of new customers rises for 3rd consecutive quarter, trading volume up 56% YoYTiger Trade extensively favored for global investing across SingaporeIn 2022, the company's global expansion tread steadily with positive outcomes and increasingly wide public recognition.By the end of 2022, in Singapore about a third of local adult residents aged above 20 had used Tiger Trade, making the platform extensively favored in one of the global financial centers — thanks to the wide trust the company has continuously gained from local clients and its stepped-up localized business strategy.In Q4, the average net deposit of newly acquired clients grew for the third consecutive quarter to almost reach the US$12,000 threshold, indicating the company's rising attraction to high-net-worth customers.Thanks to the unparalleled user experience offered by the company's innovative products, the flagship platform Tiger Trade has become one of the top choices for trading Singapore Exchange (SGX) listed stocks, where in Q4, 1.02 billion SGX shares were traded with a total volume of US$540 million (SG$727 million), up 56% YoY.The company continuously deepened its link with prestigious financial institutions in the market. In collaboration with UOBAM, the United Fixed Maturity Bond Fund 1, a fixed-term product offering an annualized yield of up to 4.95% over the next three years, was launched. The product, managed by UOBAM, aims to take advantage of rising interest rates to lock in higher returns.Official arrival in Hong Kong with bang for the buck offersThe company officially expanded its business into Hong Kong in Q4, and has been widely lauded for its best price-to-performance products and services offered in this financial center of the world.Hong Kong residents are able to enjoy one-stop global investing services including Hong Kong stocks, warrants, callable bull/bear contracts (CBBCs), US stocks, US stock fractional shares, and ETFs — all in one account on Tiger Trade.In Hong Kong, investors can also opt for a maximum 20x leverage financing for Hong Kong IPO shares in public and global offerings, an alternative that largely helps them seize investing opportunities.In Australia, the recognition of the company kept rising among the general public. In November, Tiger Trade was awarded a 5-star rating in \"International Share Trading\" category by the trusted financial comparison site Canstar. The rating was based on the outstanding value offered to all-level investors, including features such as live market data, dynamic trading, market insights, and education tools, as well as competitive trade costs.US stock AIP and fractional share features introducedIn a bid to help investors weather market volatilitiesIn 2022, the company registered US$93.1 million for interest-related income, up 16.9% YoY. In the fourth quarter alone, the gross commission income was US$24.93 million, along with a US$33.13 million interest-related income, up 46.9% YoY. The self-clearing system greatly improved operational efficiency by slashing relevant costs by 49.9%In Q4, the Automatic Investment Plan (AIP) feature officially supported S&P 500 stocks for users worldwide and lowered the investment threshold to US$1, the latest addition to US stock fractional sharing trading and a shift to the self-clearing system from the previous quarter.AIP offers investors a strategy to break even their buy-in costs, helping them tackle market movements in a rational manner and bringing long-term added value to their assets.Both features — US stock fractional share trading and AIP — represent the company's latest fruits cultivated by continuous trading technology and customer service innovations in 2022, which largely benefit the company in achieving user growth, improving user stickiness, and consolidating user retentionIn Q4, Tiger Trade users also started exclusively enjoying the individual stock financial results forecast feature till as far as three years ahead — a new extension only made possible by AI and big data technologies.Tiger Vault grows further and strongerAnnualized yield reaches 4.7%*The company's wealth management arm saw progress in Q4 with optimizations applied to Tiger Vault. Customers' assets in cash holding accounts are linked to trading financial products including stocks, funds, and options. Automatic subscriptions and redemptions are also available.Until now, Tiger Vault's seven-day annualized rate of return has reached 4.7% at its peak, outshining all the other products in the same category.In Q4, Tiger Vault saw the assets under management (AUM) up by 132.7% QoQ, and the number of account holders increased by 104.6% QoQ. This helped boost the AUM of the whole wealth management business by 103.1% QoQ, with the number of account holders up by 62.0% QoQ during the same period.The company's investor education initiative further dived in to understand the investors' demand by going live with a series of courses catered to both fresh and seasoned investors, covering topics from Hong Kong stock trading, US stock trading, financial derivatives trading, exchange-traded funds, company valuation analysis, earnings results breakdown, etc.A long-term collaboration was also forged with SGX, in which financial institutions, including Standard Chartered, offered investors deep analysis on popular investment topics and sought-after industry analysis.Ranked third globally by US IPO underwriting deal count'Consulting + SaaS' ESOP closed-loop system structured to transform equity managementDuring Q4, other revenues from to-business corporate services, including investment banking and employee stock ownership plan (ESOP), reached US$5.8 million, up 46.4% QoQ. The total of other services reached US$24.19 million in 2022.The company underwrote 14 Hong Kong IPOs, a number that overtook the total deal count from the previous three quarters, amid the market's warm-up. In 2022, the company participated in 53 US and Hong Kong IPO projects.In 2022, the company got third rank among all global investment banks in terms of deal count of US IPOs underwritten, according to third-party statistics, which also reveal that the company ranked second in the year in IPOs in various underwriting types, including for special purpose acquisition companies (SPACs), thanks to its years of accumulation of expertise in underwriting.Starting from Q4, the company's ESOP business spun off to operate under the new brand \"UponeShare\". In Q4, 26 ESOP clients were signed, bringing the number of new clients in 2022 to 106 and the total number of clients to 419, up 34% YoY.In 2022, UponeShare launched consulting services for incentive stock options, part of the \"consulting + SaaS\" closed-loop system shaped to speed up the sector's equity management digital transformation. Non-stop innovations were also seen in its products with the amount/value adjustment feature introduced for mainland China's A-share system, while services including foreign currency registration and taxation recordation started to win the clients' hearts.In 2022, 71 corporate clients opened their Tiger Enterprise Accounts, bringing the total clientele to 366. With its strategy of weaving online communications into offline experience sessions, the service is one of the go-to channels for companies seeking a Hong Kong or US IPO. *4.7% was the seven-day annualized yield rate marked on March 24, 2023 for Tiger Vault's fund SGXZ99103178. Please note that this historical rate does not guarantee the fund's future yields. About UP FintechUP Fintech Holding Limited (Nasdaq: TIGR), also known as Tiger Brokers, is a leading online brokerage with a focus on redefining global investing with technology for the next generation.Founded in 2014, we relentlessly offer a superior user experience in pursuit of becoming a world-leading online brokerage, to let everyone enjoy efficient and smart investing. Currently, we offer a multitude of quality financial products and services across brokerage, employee stock ownership plan (ESOP) management, investment banking, wealth management, investor community, and investor education.We strive to elevate financial technology R&D to a new level. While we inherit the best traditions from the financial sector and blend them with the best minds of tech experts, we develop our own technology infrastructure—an aggregation that enables multi-currency trading of various products across markets, guaranteeing our reliable, secure, and scalable services are accessible to all with low latency.In March 2019, UP Fintech was listed on Nasdaq under the ticker TIGR. As of now, we serve over 9 million users and more than 2 million account holders worldwide on our flagship platform \"Tiger Trade\", own 69 licenses and qualifications in different markets, and have over 1,000 employees on the team in Singapore, New Zealand, the US, Hong Kong, Australia, and mainland China.For more information about UP Fintech as a company, please visit itigerup.com Safe Harbor StatementThis announcement contains forward−looking statements. These statements are made under the \"safe harbor\" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward−looking statements can be identified by terminology such as \"may,\" \"might,\" \"aim,\" \"likely to,\" \"will,\" \"expects,\" \"anticipates,\" \"future,\" \"intends,\" \"plans,\" \"believes,\" \"estimates\" and similar statements or expressions. Among other statements, the business outlook and quotations from management in this announcement, as well as the Company's strategic and operational plans, contain forward−looking statements. The Company may also make written or oral forward−looking statements in its periodic reports to the U.S. Securities and Exchange Commission (\"SEC\") on Forms 20−F and 6−K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties, including the earnings conference call. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward−looking statements. Forward−looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward−looking statement, including but not limited to the following: the cooperation with Interactive Brokers LLC and Xiaomi Corporation and its affiliates; the Company's ability to effectively implement its growth strategies; trends and competition in global financial markets; changes in the Company's revenues and certain cost or expense accounting policies; the effects of the global COVID-19 pandemic; and governmental policies and regulations affecting the Company's industry and general economic conditions in China, Singapore and other countries. Further information regarding these and other risks is included in the Company's filings with the SEC, including the Company's annual report on Form 20-F filed with the SEC on April 28, 2022. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law. Further information regarding these and other risks is included in the Company's filings with the SEC.","news_type":1},"isVote":1,"tweetType":1,"viewCount":172,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9941140079,"gmtCreate":1680077491391,"gmtModify":1680077494864,"author":{"id":"4143072984500752","authorId":"4143072984500752","authorIdStr":"4143072984500752","name":"SivYa","avatar":"https://community-static.tradeup.com/news/7b1b1d16c22e785eb038aa5753b4d1a0","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4143072984500752"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9941140079","repostId":"1174166301","repostType":2,"isVote":1,"tweetType":1,"viewCount":195,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9941157797,"gmtCreate":1680077480620,"gmtModify":1680077484202,"author":{"id":"4143072984500752","authorId":"4143072984500752","authorIdStr":"4143072984500752","name":"SivYa","avatar":"https://community-static.tradeup.com/news/7b1b1d16c22e785eb038aa5753b4d1a0","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4143072984500752"},"themes":[],"htmlText":"Buy me","listText":"Buy me","text":"Buy me","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9941157797","repostId":"1174166301","repostType":2,"isVote":1,"tweetType":1,"viewCount":374,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9941190175,"gmtCreate":1680015041198,"gmtModify":1680015044583,"author":{"id":"4143072984500752","authorId":"4143072984500752","authorIdStr":"4143072984500752","name":"SivYa","avatar":"https://community-static.tradeup.com/news/7b1b1d16c22e785eb038aa5753b4d1a0","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4143072984500752"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9941190175","repostId":"2322254158","repostType":4,"repost":{"id":"2322254158","pubTimestamp":1680017510,"share":"https://ttm.financial/m/news/2322254158?lang=&edition=fundamental","pubTime":"2023-03-28 23:31","market":"us","language":"en","title":"Got $5,000? 2 Top Growth Stocks to Buy That Could Double Your Money","url":"https://stock-news.laohu8.com/highlight/detail?id=2322254158","media":"Motley Fool","summary":"It's all systems go for Microsoft and Nvidia.","content":"<html><head></head><body><p>Even in a bear market, there are opportunities. Consider the major indexes themselves. The <b>Nasdaq</b> <b>Composite</b> is up 12% year to date, while the <b>Dow</b> <b>Jones Industrial Average</b> is down 2%.</p><p>The difference can be even larger for investors willing to pick individual stocks. If I had $5,000 to invest today, I would look to split it evenly across two stocks I believe can double within three to five years: <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a> and <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>.</p><h2><a href=\"https://laohu8.com/S/NVDA\">Nvidia</a></h2><p>If you&#39;re an investor searching for a stock that can double, look no further than Nvidia. In fact, the company&#39;s stock <i>has more than doubled</i> over the last six months -- shooting up from $112 to over $270.</p><p>Yet I think Nvidia has more room to run, based on a few factors:</p><ol><li>Data center growth: Organizations are still moving their data to the cloud. As they do, the data centers that run the cloud will require upgrades to the &#34;guts&#34; that make them work. And that means more sales of Nvidia&#39;s graphics processing units (GPUs). These high-performance computing devices help power data centers, and increased sales should help Nvidia regain its revenue growth, which stalled in 2022.</li><li>Automotive demand surge: Similar to data center, there&#39;s growing demand to put Nvidia devices into automobiles. Vehicles increasingly rely on computing power, whether for self-driving, safety, or infotainment systems. Nvidia&#39;s devices can bring the power and speed necessary to turn vehicles into the extension of the home that consumers increasingly demand.</li><li>Revenue growth returns: Nvidia&#39;s revenue flatlined as demand for gaming GPUs waned in 2022. However, analysts now see steady revenue growth on the horizon. Wall Street expects the company to grow sales by roughly 10% over the next 12 months and 24% in the following 12 months.</li></ol><p>In brief, Nvidia is positioned to capitalize on the growing need for high-powered computing. Whether it&#39;s data centers, gaming, automotive, or artificial intelligence, tomorrow&#39;s next-generation applications require immense computing power. And Nvidia is one of the few companies able to deliver that hardware at scale.</p><h2><a href=\"https://laohu8.com/S/MSFT\">Microsoft</a></h2><p>Buying and holding shares of Microsoft has been a great way to double your money -- over and over again. Shares of the software giant are up more than 1,000% over the last decade.</p><p>I think it can double again by 2028 -- even if its market cap is already a staggering $2 trillion. Here&#39;s why:</p><ol><li>Cloud computing growth: There&#39;s still plenty of juice left in the cloud computing growth cycle. While many enterprise clients have already jumped on board the cloud computing bandwagon, some research indicates the market may double by 2030. If Microsoft can simply maintain its current market share, the company will see a massive increase in its revenue and earnings.</li><li>Artificial intelligence synergies: If there&#39;s one category even hotter than cloud computing, it&#39;s artificial intelligence (AI). Thankfully for Microsoft, it has already cozied up with OpenAI, the company behind ChatGPT and GPT-4. Microsoft has integrated ChatGPT features into its Bing search engine and its Office software.</li><li>Fortress balance sheet: Microsoft&#39;s strong financial position makes it a safe port amid the ongoing bear market. With nearly $100 billion in cash on hand, investors can count on Microsoft to endure whatever comes next in the macroeconomic climate. What&#39;s more, the company has generated $59.6 billion in free cash flow over the last 12 months. Share repurchases have also reduced its average share count by 11% over the previous 10 years.</li></ol><p>To sum up, the company has more than enough gas left in the tank to double. Investors looking for a stock with upside -- and financial safety to boot -- should consider Microsoft.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Got $5,000? 2 Top Growth Stocks to Buy That Could Double Your Money</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGot $5,000? 2 Top Growth Stocks to Buy That Could Double Your Money\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-28 23:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2023/03/28/got-5000-2-top-growth-stocks-to-buy-that-could-dou/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Even in a bear market, there are opportunities. Consider the major indexes themselves. The Nasdaq Composite is up 12% year to date, while the Dow Jones Industrial Average is down 2%.The difference can...</p>\n\n<a href=\"https://www.fool.com/investing/2023/03/28/got-5000-2-top-growth-stocks-to-buy-that-could-dou/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达","MSFT":"微软"},"source_url":"https://www.fool.com/investing/2023/03/28/got-5000-2-top-growth-stocks-to-buy-that-could-dou/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2322254158","content_text":"Even in a bear market, there are opportunities. Consider the major indexes themselves. The Nasdaq Composite is up 12% year to date, while the Dow Jones Industrial Average is down 2%.The difference can be even larger for investors willing to pick individual stocks. If I had $5,000 to invest today, I would look to split it evenly across two stocks I believe can double within three to five years: Nvidia and Microsoft.NvidiaIf you're an investor searching for a stock that can double, look no further than Nvidia. In fact, the company's stock has more than doubled over the last six months -- shooting up from $112 to over $270.Yet I think Nvidia has more room to run, based on a few factors:Data center growth: Organizations are still moving their data to the cloud. As they do, the data centers that run the cloud will require upgrades to the \"guts\" that make them work. And that means more sales of Nvidia's graphics processing units (GPUs). These high-performance computing devices help power data centers, and increased sales should help Nvidia regain its revenue growth, which stalled in 2022.Automotive demand surge: Similar to data center, there's growing demand to put Nvidia devices into automobiles. Vehicles increasingly rely on computing power, whether for self-driving, safety, or infotainment systems. Nvidia's devices can bring the power and speed necessary to turn vehicles into the extension of the home that consumers increasingly demand.Revenue growth returns: Nvidia's revenue flatlined as demand for gaming GPUs waned in 2022. However, analysts now see steady revenue growth on the horizon. Wall Street expects the company to grow sales by roughly 10% over the next 12 months and 24% in the following 12 months.In brief, Nvidia is positioned to capitalize on the growing need for high-powered computing. Whether it's data centers, gaming, automotive, or artificial intelligence, tomorrow's next-generation applications require immense computing power. And Nvidia is one of the few companies able to deliver that hardware at scale.MicrosoftBuying and holding shares of Microsoft has been a great way to double your money -- over and over again. Shares of the software giant are up more than 1,000% over the last decade.I think it can double again by 2028 -- even if its market cap is already a staggering $2 trillion. Here's why:Cloud computing growth: There's still plenty of juice left in the cloud computing growth cycle. While many enterprise clients have already jumped on board the cloud computing bandwagon, some research indicates the market may double by 2030. If Microsoft can simply maintain its current market share, the company will see a massive increase in its revenue and earnings.Artificial intelligence synergies: If there's one category even hotter than cloud computing, it's artificial intelligence (AI). Thankfully for Microsoft, it has already cozied up with OpenAI, the company behind ChatGPT and GPT-4. Microsoft has integrated ChatGPT features into its Bing search engine and its Office software.Fortress balance sheet: Microsoft's strong financial position makes it a safe port amid the ongoing bear market. With nearly $100 billion in cash on hand, investors can count on Microsoft to endure whatever comes next in the macroeconomic climate. What's more, the company has generated $59.6 billion in free cash flow over the last 12 months. Share repurchases have also reduced its average share count by 11% over the previous 10 years.To sum up, the company has more than enough gas left in the tank to double. Investors looking for a stock with upside -- and financial safety to boot -- should consider Microsoft.","news_type":1},"isVote":1,"tweetType":1,"viewCount":209,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9941102948,"gmtCreate":1680013340484,"gmtModify":1680013344143,"author":{"id":"4143072984500752","authorId":"4143072984500752","authorIdStr":"4143072984500752","name":"SivYa","avatar":"https://community-static.tradeup.com/news/7b1b1d16c22e785eb038aa5753b4d1a0","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4143072984500752"},"themes":[],"htmlText":"Buy me 200$","listText":"Buy me 200$","text":"Buy me 200$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9941102948","repostId":"1104425635","repostType":4,"isVote":1,"tweetType":1,"viewCount":226,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9941106756,"gmtCreate":1680013300075,"gmtModify":1680013304136,"author":{"id":"4143072984500752","authorId":"4143072984500752","authorIdStr":"4143072984500752","name":"SivYa","avatar":"https://community-static.tradeup.com/news/7b1b1d16c22e785eb038aa5753b4d1a0","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4143072984500752"},"themes":[],"htmlText":"Buy me 200$","listText":"Buy me 200$","text":"Buy me 200$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9941106756","repostId":"1187250618","repostType":4,"repost":{"id":"1187250618","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1680010275,"share":"https://ttm.financial/m/news/1187250618?lang=&edition=fundamental","pubTime":"2023-03-28 21:31","market":"us","language":"en","title":"S&P 500 Opens Lower As Higher Rates Pressure Market","url":"https://stock-news.laohu8.com/highlight/detail?id=1187250618","media":"Tiger Newspress","summary":"U.S. were little changed Tuesday as an uptick in rates put pressure on the broader market.The S&P 50","content":"<html><head></head><body><p>U.S. were little changed Tuesday as an uptick in rates put pressure on the broader market.</p><p>The S&amp;P 500 traded 0.2% lower, along with the Nasdaq Composite. The Dow Jones Industrial Average dipped slightly as well.</p><p>Bond yields rose, with the rate on the 2-year U.S. Treasury note rising back above 4%. Worries about the crisis among U.S. regional banks have been assuaged thanks in part to policymakers’ efforts to alleviate the challenges, and investors’ fear that higher rates could push the economy into a recession came back into focus.</p><p>The moves follow a mixed session on Monday. Investors fought to extend last week’s gains, but tech shares came under pressure. The Dow Jones Industrial Average added 194.55 points, or 0.6%, while the S&amp;P 500 gained 0.16%. The Nasdaq Composite dipped 0.47% as tech stocks moved lower.</p><p>A slew of positive news reports helped lift sentiment on Wall Street Monday, including First Citizens BancShares’ agreement to buy large parts of Silicon Valley Bank. Further, CNBC reported that deposit flows out of small institutions and into banking behemoths have slowed.</p><p>Eight of 11 S&amp;P 500 sectors finished in positive territory on Monday, led to the upside by a 2.1% gain in energy. Beaten-up regional bank stocks, including First Republic, climbed along with the SPDR S&amp;P Regional Banking ETF (KRE). Communication services and information technology, which have enjoyed a strong 2023, both slipped.</p><p>“Basically, you have an oversold bounce in these areas that have been beaten up and you’re having a pause from some of these areas that are leadership,” said Keith Lerner, Truist’s co-chief investment officer. “I don’t think this is a trend reversal; I don’t think this is new leadership.”</p><p>Markets may also be taking news of First Citizens’ plan to buy a large chunk of SVB as a positive, he said.</p><p>Earnings season continues Tuesday with results from Micron Technology, Lululemon and Dave &amp; Buster’s. Investors also await home price data and The Conference Board’s consumer confidence report.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>S&P 500 Opens Lower As Higher Rates Pressure Market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nS&P 500 Opens Lower As Higher Rates Pressure Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2023-03-28 21:31</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>U.S. were little changed Tuesday as an uptick in rates put pressure on the broader market.</p><p>The S&amp;P 500 traded 0.2% lower, along with the Nasdaq Composite. The Dow Jones Industrial Average dipped slightly as well.</p><p>Bond yields rose, with the rate on the 2-year U.S. Treasury note rising back above 4%. Worries about the crisis among U.S. regional banks have been assuaged thanks in part to policymakers’ efforts to alleviate the challenges, and investors’ fear that higher rates could push the economy into a recession came back into focus.</p><p>The moves follow a mixed session on Monday. Investors fought to extend last week’s gains, but tech shares came under pressure. The Dow Jones Industrial Average added 194.55 points, or 0.6%, while the S&amp;P 500 gained 0.16%. The Nasdaq Composite dipped 0.47% as tech stocks moved lower.</p><p>A slew of positive news reports helped lift sentiment on Wall Street Monday, including First Citizens BancShares’ agreement to buy large parts of Silicon Valley Bank. Further, CNBC reported that deposit flows out of small institutions and into banking behemoths have slowed.</p><p>Eight of 11 S&amp;P 500 sectors finished in positive territory on Monday, led to the upside by a 2.1% gain in energy. Beaten-up regional bank stocks, including First Republic, climbed along with the SPDR S&amp;P Regional Banking ETF (KRE). Communication services and information technology, which have enjoyed a strong 2023, both slipped.</p><p>“Basically, you have an oversold bounce in these areas that have been beaten up and you’re having a pause from some of these areas that are leadership,” said Keith Lerner, Truist’s co-chief investment officer. “I don’t think this is a trend reversal; I don’t think this is new leadership.”</p><p>Markets may also be taking news of First Citizens’ plan to buy a large chunk of SVB as a positive, he said.</p><p>Earnings season continues Tuesday with results from Micron Technology, Lululemon and Dave &amp; Buster’s. Investors also await home price data and The Conference Board’s consumer confidence report.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1187250618","content_text":"U.S. were little changed Tuesday as an uptick in rates put pressure on the broader market.The S&P 500 traded 0.2% lower, along with the Nasdaq Composite. The Dow Jones Industrial Average dipped slightly as well.Bond yields rose, with the rate on the 2-year U.S. Treasury note rising back above 4%. Worries about the crisis among U.S. regional banks have been assuaged thanks in part to policymakers’ efforts to alleviate the challenges, and investors’ fear that higher rates could push the economy into a recession came back into focus.The moves follow a mixed session on Monday. Investors fought to extend last week’s gains, but tech shares came under pressure. The Dow Jones Industrial Average added 194.55 points, or 0.6%, while the S&P 500 gained 0.16%. The Nasdaq Composite dipped 0.47% as tech stocks moved lower.A slew of positive news reports helped lift sentiment on Wall Street Monday, including First Citizens BancShares’ agreement to buy large parts of Silicon Valley Bank. Further, CNBC reported that deposit flows out of small institutions and into banking behemoths have slowed.Eight of 11 S&P 500 sectors finished in positive territory on Monday, led to the upside by a 2.1% gain in energy. Beaten-up regional bank stocks, including First Republic, climbed along with the SPDR S&P Regional Banking ETF (KRE). Communication services and information technology, which have enjoyed a strong 2023, both slipped.“Basically, you have an oversold bounce in these areas that have been beaten up and you’re having a pause from some of these areas that are leadership,” said Keith Lerner, Truist’s co-chief investment officer. “I don’t think this is a trend reversal; I don’t think this is new leadership.”Markets may also be taking news of First Citizens’ plan to buy a large chunk of SVB as a positive, he said.Earnings season continues Tuesday with results from Micron Technology, Lululemon and Dave & Buster’s. 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ort","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9941374548","repostId":"1187250618","repostType":2,"isVote":1,"tweetType":1,"viewCount":276,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9941102948,"gmtCreate":1680013340484,"gmtModify":1680013344143,"author":{"id":"4143072984500752","authorId":"4143072984500752","authorIdStr":"4143072984500752","name":"SivYa","avatar":"https://community-static.tradeup.com/news/7b1b1d16c22e785eb038aa5753b4d1a0","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4143072984500752"},"themes":[],"htmlText":"Buy me 200$","listText":"Buy me 200$","text":"Buy me 200$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9941102948","repostId":"1104425635","repostType":4,"repost":{"id":"1104425635","pubTimestamp":1680001729,"share":"https://ttm.financial/m/news/1104425635?lang=&edition=fundamental","pubTime":"2023-03-28 19:08","market":"us","language":"en","title":"Apple: Short-Term Challenges, But Still Undervalued","url":"https://stock-news.laohu8.com/highlight/detail?id=1104425635","media":"Seekingalpha","summary":"SummaryApple's unmatched brand loyalty is a clear indication of the company's intact market position","content":"<html><head></head><body><h3>Summary</h3><ul><li>Apple&#39;s unmatched brand loyalty is a clear indication of the company&#39;s intact market position and growth potential.</li><li>While the company faces challenges in the short term due to macroeconomic conditions and other factors, management&#39;s strong track record of success gives confidence in Apple&#39;s ability to weather headwinds.</li><li>My valuation suggests the stock is undervalued.</li></ul><h3>Investment thesis</h3><p><a href=\"https://laohu8.com/S/AAPL\">Apple</a>&#39;s unparalleled brand loyalty, supported by a vast ecosystem of hardware, software, and services, led the company to build an untouchable competitive advantage. This has led to outstanding financial performance over the last decade. Apple&#39;s ability to command premium pricing while maintaining high margins has made it one of the most profitable companies in the world. Moreover, a discounted cash flow [DCF] analysis suggests that AAPL stock is undervalued, indicating that the market has yet to appreciate the company&#39;s growth potential fully.</p><p>Furthermore, positive consensus on long-term forecasts and expectations for the company&#39;s revenue growth over the next decade further support my thesis. While there are risks associated with investing in any company, the strength of Apple&#39;s brand loyalty, financial performance, and growth prospects outweigh any potential risks. Therefore, investors with a long-term outlook should consider adding Apple to their portfolio.</p><h3>Company information</h3><p>Apple was founded in 1976 by Steve Jobs, Steve Wozniak, and Ronald Wayne in Cupertino, California. The first Apple computer, the &#34;Apple I&#34; was sold for $666.66 in 1976. The company has revolutionized the way people live with a sequence of innovative products. The Apple computer presented a graphical user interface, making computers handier. The iPod allowed users to carry their entire music collection in their pockets. The iPhone redefined the smartphone category by blending phone, music player, and computer functions into one device. Apple&#39;s impact on the technology industry is also evident in other products such as the iPad, Apple Watch, and AirPods.</p><p>Tim Cook joined Apple in 1998 as Senior Vice President for Worldwide Operations. He became CEO of Apple on August 24, 2011, succeeding Steve Jobs, who had resigned due to health issues.</p><p>The company disaggregates its sales into five reportable segments: iPhone, Mac, iPad, Wearables, Home and Accessories, and Services. iPhone segment is the largest revenue generator for the company representing about 56% of sales in the last reporting quarter.</p><h3><img src=\"https://static.tigerbbs.com/9b1ed2783f94b450d435212560f6bffe\" tg-width=\"640\" tg-height=\"213\" referrerpolicy=\"no-referrer\"/>Financials are stellar</h3><p>Examining a company&#39;s financial performance over a period of time is crucial when making investment decisions. Looking at Apple&#39;s financials over the past decade can provide valuable insights into the company&#39;s growth trajectory, its ability to generate profits, and how it has weathered economic challenges.</p><p><img src=\"https://static.tigerbbs.com/c81c52bb6b860664b200e630e2b9f87e\" tg-width=\"640\" tg-height=\"179\" referrerpolicy=\"no-referrer\"/>Over the past decade, Apple Inc.&#39;s financial performance has been strong, with revenue growing from $170.9 billion in FY2013 to $394.2 billion in FY2022, a cumulative growth of 130.7%. This growth has been driven by the company&#39;s flagship product, the iPhone, and its expanding Services segment. Gross profit has also seen significant expansion, increasing from $64.3 billion in FY2013 to $170.8 billion in FY2022, a cumulative growth of 165.6%. In addition, the company&#39;s gross profit margin has consistently been in the high 30s to low 40s, with a current margin of 43.3%. Apple has been delivering these stellar results thanks to its ability to innovate, which would have been impossible without investing significant amounts in R&amp;D.</p><p><img src=\"https://static.tigerbbs.com/b959961a81238cc0348dd28090c87f89\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\"/>Apple&#39;s operating profit has risen from $49 billion in FY2013 to $119.4 billion in FY2022, with an operating margin varying from 24% to 31% over the past decade. Additionally, Apple has generated strong levered free cash flow [FCF], with a cumulative growth of 40.3% over the past decade. Furthermore, the company&#39;s FCF margin has remained consistently above 15%, indicating a healthy ability to generate cash from its operations.</p><p><img src=\"https://static.tigerbbs.com/ecb65917995fbae71bb361c5034b6a6b\" tg-width=\"640\" tg-height=\"317\" referrerpolicy=\"no-referrer\"/>Between FY 2013 and FY 2022, Apple has also returned significant value to its shareholders via dividends and share repurchases. Over the last decade, the company paid out $129.4 billion in dividends, steadily increasing yearly. Additionally, Apple spent $582.0 billion over the same period on share repurchases, with the most considerable amounts occurring in FY2018 and FY2021. This focus on returning value to shareholders through dividends and share buybacks demonstrates Apple&#39;s commitment to maximizing shareholder value.</p><p>Overall, Apple&#39;s financials over the past decade display a company that has consistently delivered substantial revenue and profit growth, with a healthy ability to generate cash from its operations.</p><p><img src=\"https://static.tigerbbs.com/c89bffcefff4818fe4d102fdf935d9bd\" tg-width=\"588\" tg-height=\"216\" referrerpolicy=\"no-referrer\"/>Apple announced its latest quarterly earnings on February 2, 2023. The company&#39;s normalized EPS were $1.88, missing expectations by $0.07. The GAAP EPS was also $1.88, missing estimates by the same amount. Apple&#39;s revenue for the quarter was $117.15 billion, but it missed revenue expectations by $4.5 billion.</p><p>During the quarter, revenue declined about 5% from the previous year, mainly due to pandemic-related restrictions on its Chinese factories that curtailed sales of the latest iPhone during the holiday season. However, Tim Cook assured analysts during the earnings call that production is now back where they want it to be, and they manage for the long term by investing in innovation and people. Apple also disclosed that it has more than 2 billion iPhones, iPads, Macs, and other devices in active use, which is likely to help the company sell more digital subscriptions and ads, fueling long-term revenue growth.</p><p>Due to global uncertainty, Apple&#39;s management did not provide revenue guidance for the upcoming quarters. However, they shared some insights based on the assumption that the macro outlook and COVID-related impacts on their business remain the same from what they are projecting today for the current quarter. They expect their March quarter YoY revenue performance to be similar to the December quarter, with foreign exchange continuing to be a headwind. They also expect Services revenue to grow YoY while facing macroeconomic headwinds in digital advertising and mobile gaming. For iPhone, they expect their March quarter YoY topline performance to accelerate relative to the December quarter. However, for Mac and iPad, they expect revenue to decline double digits YoY because of challenging comparatives and macroeconomic headwinds. As a result, they expect the gross margin to be between 43.5% and 44.5%.</p><p>Despite the fact that the fact company is experiencing challenging quarters, I have high conviction that Apple will return to the growth trajectory given management&#39;s strong track record of success and the company&#39;s unique positioning with innovations. The positive consensus earnings estimates further reinforce this conviction for the next decade.</p><h3>Valuation indicates undervaluation</h3><p>Some analysts and investors might argue that the company&#39;s current valuation is significantly overvalued when looking at traditional valuation ratios. As per Seeking Alpha Quant valuation grades, Apple got the lowest possible grade of &#34;F&#34;.</p><p><img src=\"https://static.tigerbbs.com/57f559b86acfa0b69904e09c9fa984cf\" tg-width=\"640\" tg-height=\"536\" referrerpolicy=\"no-referrer\"/>While these ratios suggest that Apple&#39;s stock may be overpriced, it is important to note that such ratios may not accurately reflect the company&#39;s true value due to its unique market positioning and profitability. I believe we should follow holistic approach when valuing stocks, considering factors beyond traditional valuation ratios to determine the company&#39;s fair value.</p><p>Thus, I prefer DCF analysis here because Apple is still a growth stock. First, I am also very conservative in my assumptions, not to overestimate future cash flows. Implementing the latest levered FCF margin multiplied by consensus revenue forecasts would be prudent enough for DCF modeling. I use historical data on FCF margin because selecting assumptions inconsistent with the company&#39;s historical performance can lead to a misalignment between the model&#39;s output and actual results. The second crucial assumption is a discount rate. It is essential to be prudent with the discount rate used in DCF modeling to ensure that the investment valuation reflects the underlying risk, so I use WACC estimated by GuruFocus. I assume that FCF margin will expand 50 basis points starting from FY 2024 and topping at 25% by FY2030. Incorporating all assumptions together calculations suggest that there is a 7% discount at the moment.</p><p><img src=\"https://static.tigerbbs.com/7f685f89fc79797be253dd8234dba694\" tg-width=\"640\" tg-height=\"224\" referrerpolicy=\"no-referrer\"/>It is also important to note that Fed is almost done with rate hikes. I don&#39;t expect that there will be an immediate pivot, but Morningstar expects Fed to begin cutting rates by the end of 2023. I consider this forecast as highly likely, so I would like to test my DCF calculations with lower WACC to understand how the stock price might react when Fed starts cutting rates. For my base case DCF scenario WACC was at 10.57%, for more optimistic scenario I loosened WACC by 107 basis points. In this case, the model suggests 15% undervaluation.</p><p><img src=\"https://static.tigerbbs.com/db4d8b84a539dd5c04758d51a4870b32\" tg-width=\"640\" tg-height=\"223\" referrerpolicy=\"no-referrer\"/>To conclude the valuation section, the calculations indicate that there is currently a 7% discount, which may change when the Fed starts cutting interest rates, which is expected by the end of 2023. Under a more optimistic WACC scenario, the DCF model suggests an undervaluation of 15%, which underscores the importance of being prudent with the discount rate.</p><h3>Risks to consider</h3><p>While Apple&#39;s stock has many positive attributes, there are also several risks that investors should be aware of before deciding to invest. Firstly, a large portion of Apple&#39;s revenue comes from a single product line, the iPhone. Therefore, any significant decline in iPhone sales due to increased competition or a decrease in demand could significantly impact the company&#39;s overall financial performance. This risk is particularly pertinent given the growing competition in the smartphone market from companies such as Samsung, Huawei, and Xiaomi.</p><p>Secondly, Apple faces regulatory risks, particularly in the area of antitrust. The company has already faced scrutiny from regulators worldwide, including investigations by the European Union and the US Department of Justice. Any adverse regulatory actions could negatively impact the company&#39;s reputation, financial performance, and long-term growth prospects.</p><p>Thirdly, Apple&#39;s supply chain is complex, and the company relies on a limited number of suppliers for critical components. As a result, any disruption in the supply chain, such as natural disasters, production issues, or political instability in key supplier countries, could impact the company&#39;s ability to produce and sell products, leading to lower revenues and profits.</p><p>Finally, there is always the risk of unforeseen events such as pandemics, natural disasters, or black swan events that could significantly impact Apple&#39;s business operations and financial performance. The COVID-19 pandemic, for example, had a significant impact on Apple&#39;s supply chain.</p><h3>Bottom line</h3><p>In conclusion, Apple&#39;s intact brand loyalty, stellar financial performance over the last decade, undervaluation according to DCF analysis, and positive consensus long-term forecast all point towards a compelling investment opportunity. While risks are always associated with any investment, the potential upside of investing in Apple outweighs any potential downside. As such, it may be prudent for investors seeking long-term growth to consider adding Apple to their portfolios. The stock is an obvious long-term strong buy for me.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple: Short-Term Challenges, But Still Undervalued</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple: Short-Term Challenges, But Still Undervalued\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-28 19:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4590514-apple-short-term-challenges-but-still-undervalued><strong>Seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryApple's unmatched brand loyalty is a clear indication of the company's intact market position and growth potential.While the company faces challenges in the short term due to macroeconomic ...</p>\n\n<a href=\"https://seekingalpha.com/article/4590514-apple-short-term-challenges-but-still-undervalued\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4590514-apple-short-term-challenges-but-still-undervalued","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1104425635","content_text":"SummaryApple's unmatched brand loyalty is a clear indication of the company's intact market position and growth potential.While the company faces challenges in the short term due to macroeconomic conditions and other factors, management's strong track record of success gives confidence in Apple's ability to weather headwinds.My valuation suggests the stock is undervalued.Investment thesisApple's unparalleled brand loyalty, supported by a vast ecosystem of hardware, software, and services, led the company to build an untouchable competitive advantage. This has led to outstanding financial performance over the last decade. Apple's ability to command premium pricing while maintaining high margins has made it one of the most profitable companies in the world. Moreover, a discounted cash flow [DCF] analysis suggests that AAPL stock is undervalued, indicating that the market has yet to appreciate the company's growth potential fully.Furthermore, positive consensus on long-term forecasts and expectations for the company's revenue growth over the next decade further support my thesis. While there are risks associated with investing in any company, the strength of Apple's brand loyalty, financial performance, and growth prospects outweigh any potential risks. Therefore, investors with a long-term outlook should consider adding Apple to their portfolio.Company informationApple was founded in 1976 by Steve Jobs, Steve Wozniak, and Ronald Wayne in Cupertino, California. The first Apple computer, the \"Apple I\" was sold for $666.66 in 1976. The company has revolutionized the way people live with a sequence of innovative products. The Apple computer presented a graphical user interface, making computers handier. The iPod allowed users to carry their entire music collection in their pockets. The iPhone redefined the smartphone category by blending phone, music player, and computer functions into one device. Apple's impact on the technology industry is also evident in other products such as the iPad, Apple Watch, and AirPods.Tim Cook joined Apple in 1998 as Senior Vice President for Worldwide Operations. He became CEO of Apple on August 24, 2011, succeeding Steve Jobs, who had resigned due to health issues.The company disaggregates its sales into five reportable segments: iPhone, Mac, iPad, Wearables, Home and Accessories, and Services. iPhone segment is the largest revenue generator for the company representing about 56% of sales in the last reporting quarter.Financials are stellarExamining a company's financial performance over a period of time is crucial when making investment decisions. Looking at Apple's financials over the past decade can provide valuable insights into the company's growth trajectory, its ability to generate profits, and how it has weathered economic challenges.Over the past decade, Apple Inc.'s financial performance has been strong, with revenue growing from $170.9 billion in FY2013 to $394.2 billion in FY2022, a cumulative growth of 130.7%. This growth has been driven by the company's flagship product, the iPhone, and its expanding Services segment. Gross profit has also seen significant expansion, increasing from $64.3 billion in FY2013 to $170.8 billion in FY2022, a cumulative growth of 165.6%. In addition, the company's gross profit margin has consistently been in the high 30s to low 40s, with a current margin of 43.3%. Apple has been delivering these stellar results thanks to its ability to innovate, which would have been impossible without investing significant amounts in R&D.Apple's operating profit has risen from $49 billion in FY2013 to $119.4 billion in FY2022, with an operating margin varying from 24% to 31% over the past decade. Additionally, Apple has generated strong levered free cash flow [FCF], with a cumulative growth of 40.3% over the past decade. Furthermore, the company's FCF margin has remained consistently above 15%, indicating a healthy ability to generate cash from its operations.Between FY 2013 and FY 2022, Apple has also returned significant value to its shareholders via dividends and share repurchases. Over the last decade, the company paid out $129.4 billion in dividends, steadily increasing yearly. Additionally, Apple spent $582.0 billion over the same period on share repurchases, with the most considerable amounts occurring in FY2018 and FY2021. This focus on returning value to shareholders through dividends and share buybacks demonstrates Apple's commitment to maximizing shareholder value.Overall, Apple's financials over the past decade display a company that has consistently delivered substantial revenue and profit growth, with a healthy ability to generate cash from its operations.Apple announced its latest quarterly earnings on February 2, 2023. The company's normalized EPS were $1.88, missing expectations by $0.07. The GAAP EPS was also $1.88, missing estimates by the same amount. Apple's revenue for the quarter was $117.15 billion, but it missed revenue expectations by $4.5 billion.During the quarter, revenue declined about 5% from the previous year, mainly due to pandemic-related restrictions on its Chinese factories that curtailed sales of the latest iPhone during the holiday season. However, Tim Cook assured analysts during the earnings call that production is now back where they want it to be, and they manage for the long term by investing in innovation and people. Apple also disclosed that it has more than 2 billion iPhones, iPads, Macs, and other devices in active use, which is likely to help the company sell more digital subscriptions and ads, fueling long-term revenue growth.Due to global uncertainty, Apple's management did not provide revenue guidance for the upcoming quarters. However, they shared some insights based on the assumption that the macro outlook and COVID-related impacts on their business remain the same from what they are projecting today for the current quarter. They expect their March quarter YoY revenue performance to be similar to the December quarter, with foreign exchange continuing to be a headwind. They also expect Services revenue to grow YoY while facing macroeconomic headwinds in digital advertising and mobile gaming. For iPhone, they expect their March quarter YoY topline performance to accelerate relative to the December quarter. However, for Mac and iPad, they expect revenue to decline double digits YoY because of challenging comparatives and macroeconomic headwinds. As a result, they expect the gross margin to be between 43.5% and 44.5%.Despite the fact that the fact company is experiencing challenging quarters, I have high conviction that Apple will return to the growth trajectory given management's strong track record of success and the company's unique positioning with innovations. The positive consensus earnings estimates further reinforce this conviction for the next decade.Valuation indicates undervaluationSome analysts and investors might argue that the company's current valuation is significantly overvalued when looking at traditional valuation ratios. As per Seeking Alpha Quant valuation grades, Apple got the lowest possible grade of \"F\".While these ratios suggest that Apple's stock may be overpriced, it is important to note that such ratios may not accurately reflect the company's true value due to its unique market positioning and profitability. I believe we should follow holistic approach when valuing stocks, considering factors beyond traditional valuation ratios to determine the company's fair value.Thus, I prefer DCF analysis here because Apple is still a growth stock. First, I am also very conservative in my assumptions, not to overestimate future cash flows. Implementing the latest levered FCF margin multiplied by consensus revenue forecasts would be prudent enough for DCF modeling. I use historical data on FCF margin because selecting assumptions inconsistent with the company's historical performance can lead to a misalignment between the model's output and actual results. The second crucial assumption is a discount rate. It is essential to be prudent with the discount rate used in DCF modeling to ensure that the investment valuation reflects the underlying risk, so I use WACC estimated by GuruFocus. I assume that FCF margin will expand 50 basis points starting from FY 2024 and topping at 25% by FY2030. Incorporating all assumptions together calculations suggest that there is a 7% discount at the moment.It is also important to note that Fed is almost done with rate hikes. I don't expect that there will be an immediate pivot, but Morningstar expects Fed to begin cutting rates by the end of 2023. I consider this forecast as highly likely, so I would like to test my DCF calculations with lower WACC to understand how the stock price might react when Fed starts cutting rates. For my base case DCF scenario WACC was at 10.57%, for more optimistic scenario I loosened WACC by 107 basis points. In this case, the model suggests 15% undervaluation.To conclude the valuation section, the calculations indicate that there is currently a 7% discount, which may change when the Fed starts cutting interest rates, which is expected by the end of 2023. Under a more optimistic WACC scenario, the DCF model suggests an undervaluation of 15%, which underscores the importance of being prudent with the discount rate.Risks to considerWhile Apple's stock has many positive attributes, there are also several risks that investors should be aware of before deciding to invest. Firstly, a large portion of Apple's revenue comes from a single product line, the iPhone. Therefore, any significant decline in iPhone sales due to increased competition or a decrease in demand could significantly impact the company's overall financial performance. This risk is particularly pertinent given the growing competition in the smartphone market from companies such as Samsung, Huawei, and Xiaomi.Secondly, Apple faces regulatory risks, particularly in the area of antitrust. The company has already faced scrutiny from regulators worldwide, including investigations by the European Union and the US Department of Justice. Any adverse regulatory actions could negatively impact the company's reputation, financial performance, and long-term growth prospects.Thirdly, Apple's supply chain is complex, and the company relies on a limited number of suppliers for critical components. As a result, any disruption in the supply chain, such as natural disasters, production issues, or political instability in key supplier countries, could impact the company's ability to produce and sell products, leading to lower revenues and profits.Finally, there is always the risk of unforeseen events such as pandemics, natural disasters, or black swan events that could significantly impact Apple's business operations and financial performance. The COVID-19 pandemic, for example, had a significant impact on Apple's supply chain.Bottom lineIn conclusion, Apple's intact brand loyalty, stellar financial performance over the last decade, undervaluation according to DCF analysis, and positive consensus long-term forecast all point towards a compelling investment opportunity. While risks are always associated with any investment, the potential upside of investing in Apple outweighs any potential downside. As such, it may be prudent for investors seeking long-term growth to consider adding Apple to their portfolios. The stock is an obvious long-term strong buy for me.","news_type":1},"isVote":1,"tweetType":1,"viewCount":226,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9941377978,"gmtCreate":1680010667795,"gmtModify":1680011239084,"author":{"id":"4143072984500752","authorId":"4143072984500752","authorIdStr":"4143072984500752","name":"SivYa","avatar":"https://community-static.tradeup.com/news/7b1b1d16c22e785eb038aa5753b4d1a0","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4143072984500752"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/FUND/TIGER0000011.SGD\">$UT Starter Pack (TIGER0000011.SGD)$&nbsp;</a> Buy me 50$","listText":"<a href=\"https://ttm.financial/FUND/TIGER0000011.SGD\">$UT Starter Pack (TIGER0000011.SGD)$&nbsp;</a> Buy me 50$","text":"$UT Starter Pack (TIGER0000011.SGD)$ Buy me 50$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9941377978","isVote":1,"tweetType":1,"viewCount":191,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9941372888,"gmtCreate":1680009952844,"gmtModify":1680011099985,"author":{"id":"4143072984500752","authorId":"4143072984500752","authorIdStr":"4143072984500752","name":"SivYa","avatar":"https://community-static.tradeup.com/news/7b1b1d16c22e785eb038aa5753b4d1a0","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4143072984500752"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/USDTHB.FOREX\">$USD/THB(USDTHB.FOREX)$&nbsp;</a>","listText":"<a href=\"https://ttm.financial/S/USDTHB.FOREX\">$USD/THB(USDTHB.FOREX)$&nbsp;</a>","text":"$USD/THB(USDTHB.FOREX)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9941372888","isVote":1,"tweetType":1,"viewCount":322,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}