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03-14

$Beyond Meat, Inc.(BYND)$ finally He is back

2023-06-10

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Netflix Subscriptions Jump as U.S. Password-Sharing Crackdown Begins

06-27

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@Ivan_Gan:U.S. PMI results unexpectedly improved, the next round of market will focus on the Dow Jones Index

05-07

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@Ivan_Gan:Is It Time To Invest In Agricultural Commodity Futures' Markets

05-05

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03-21

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03-10

Will gold still continue? I hope not, because I am not in [Cry]

@nerdbull1669:Trade GLD Around Gold's Confirmed Breakout!

03-08

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@alanyeo:DBS: Baidu Inc – Buy Target Price HK$186

2023-11-24

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Beyond Meat Is Beyond Saving

2023-11-11

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@TigerGPT:Beyond Meat (BYND) Q3 2023 Earnings Call Transcript Summary

2023-11-04

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Charlie Munger Muses on Investing

2023-10-16

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@TigerGPT:Beyond Meat, Inc.(BYND) 2023Q2 Earnings Summary

2023-10-12

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Beyond Meat (BYND) Q2 2023 Earnings Call Transcript

2023-09-02

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2023-08-30

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Netflix: Rally Far From Being Over

2023-08-14

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Tesla Cuts China Prices Again, Triggering Slump in Auto Stocks

2023-08-11

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@MaverickWealthBuilder:Maybe Alibaba's Most Important Earnings Ever: Why Should I Invest Here?

2023-08-11

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@Stock Trader:Visa Inc.

2023-08-10

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Live Streaming: Alibaba FY2024Q1 Earnings Call

2023-08-08

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Live Streaming: SMARTT - Options trading strategies

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ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/321135118696472","repostId":"320946135629832","repostType":1,"repost":{"id":320946135629832,"gmtCreate":1719385712267,"gmtModify":1719385730697,"author":{"id":"3527667668727377","authorId":"3527667668727377","name":"Ivan_Gan","avatar":"https://static.tigerbbs.com/88507b8eb15a6e315e004663e5c9e31a","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3527667668727377","authorIdStr":"3527667668727377"},"themes":[],"title":"U.S. PMI results unexpectedly improved, the next round of market will focus on the Dow Jones Index","htmlText":"The recent market is always very volatile, which tests traders' trading skills. Judging from the current situation, it is estimated that it will continue to fluctuate until August-September, waiting for the key signal of the Fed's interest rate path.1. Pay attention to the strength and weakness of the US stock indexAt present, the U.S. stock index is still the same as before in the election year, and the trend is still very stable. However, during the rise of the U.S. stock index, the stock price fluctuations of different listed companies rotated. The previous strength of technology stocks made the transaction too crowded. When other economic data pointed to economic recovery, then funds will withdraw from the crowded transaction and turn to Other indexes, and the PMI index released on Fri","listText":"The recent market is always very volatile, which tests traders' trading skills. Judging from the current situation, it is estimated that it will continue to fluctuate until August-September, waiting for the key signal of the Fed's interest rate path.1. Pay attention to the strength and weakness of the US stock indexAt present, the U.S. stock index is still the same as before in the election year, and the trend is still very stable. However, during the rise of the U.S. stock index, the stock price fluctuations of different listed companies rotated. The previous strength of technology stocks made the transaction too crowded. When other economic data pointed to economic recovery, then funds will withdraw from the crowded transaction and turn to Other indexes, and the PMI index released on Fri","text":"The recent market is always very volatile, which tests traders' trading skills. Judging from the current situation, it is estimated that it will continue to fluctuate until August-September, waiting for the key signal of the Fed's interest rate path.1. Pay attention to the strength and weakness of the US stock indexAt present, the U.S. stock index is still the same as before in the election year, and the trend is still very stable. However, during the rise of the U.S. stock index, the stock price fluctuations of different listed companies rotated. The previous strength of technology stocks made the transaction too crowded. When other economic data pointed to economic recovery, then funds will withdraw from the crowded transaction and turn to Other indexes, and the PMI index released on Fri","images":[{"img":"https://static.tigerbbs.com/399d4066259d0d90ad5f8519cbc06675","width":"997","height":"669"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/320946135629832","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":215,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":303398544683064,"gmtCreate":1715092271477,"gmtModify":1715092274640,"author":{"id":"4145415254454072","authorId":"4145415254454072","name":"ATian","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4145415254454072","authorIdStr":"4145415254454072"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/303398544683064","repostId":"303261650386992","repostType":1,"repost":{"id":303261650386992,"gmtCreate":1715074432802,"gmtModify":1715074449421,"author":{"id":"3527667668727377","authorId":"3527667668727377","name":"Ivan_Gan","avatar":"https://static.tigerbbs.com/88507b8eb15a6e315e004663e5c9e31a","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3527667668727377","authorIdStr":"3527667668727377"},"themes":[],"title":"Is It Time To Invest In Agricultural Commodity Futures' Markets","htmlText":"During the domestic May Day holiday, the practice of high volatility in the external market continues, but this time it is fulfilled in agricultural products. Let me talk about the macroeconomic situation first. Although the Fed's interest rate meeting will not adjust interest rates as scheduled, the slowdown in QT (shrinking balance sheet) is a real liquidity easing measure. It is very likely that we may not see the Fed cut interest rates this year, but shrinking balance sheet The process is likely to end this year, so it is not an exaggeration to think that the Fed is now at an inflection point for re-easing.The unexpected upset of the non-farm data provided a reason for the Fed to cut interest rates. When the unemployment rate is higher than 4%, it will be the time for the Fed to cut in","listText":"During the domestic May Day holiday, the practice of high volatility in the external market continues, but this time it is fulfilled in agricultural products. Let me talk about the macroeconomic situation first. Although the Fed's interest rate meeting will not adjust interest rates as scheduled, the slowdown in QT (shrinking balance sheet) is a real liquidity easing measure. It is very likely that we may not see the Fed cut interest rates this year, but shrinking balance sheet The process is likely to end this year, so it is not an exaggeration to think that the Fed is now at an inflection point for re-easing.The unexpected upset of the non-farm data provided a reason for the Fed to cut interest rates. When the unemployment rate is higher than 4%, it will be the time for the Fed to cut in","text":"During the domestic May Day holiday, the practice of high volatility in the external market continues, but this time it is fulfilled in agricultural products. Let me talk about the macroeconomic situation first. Although the Fed's interest rate meeting will not adjust interest rates as scheduled, the slowdown in QT (shrinking balance sheet) is a real liquidity easing measure. It is very likely that we may not see the Fed cut interest rates this year, but shrinking balance sheet The process is likely to end this year, so it is not an exaggeration to think that the Fed is now at an inflection point for re-easing.The unexpected upset of the non-farm data provided a reason for the Fed to cut interest rates. When the unemployment rate is higher than 4%, it will be the time for the Fed to cut in","images":[{"img":"https://static.tigerbbs.com/80d49b56a72c924bac522f7b45ad1ce8","width":"851","height":"304"},{"img":"https://static.tigerbbs.com/74baa890ae6086ae63b7916717c3b6c7","width":"879","height":"162"},{"img":"https://static.tigerbbs.com/6182e1221f4207193633b2406b00cd8c","width":"831","height":"556"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/303261650386992","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":3,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":201,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":302503428935792,"gmtCreate":1714872881051,"gmtModify":1714872884560,"author":{"id":"4145415254454072","authorId":"4145415254454072","name":"ATian","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4145415254454072","authorIdStr":"4145415254454072"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/302503428935792","repostId":"2433617877","repostType":2,"repost":{"id":"2433617877","pubTimestamp":1714861140,"share":"https://ttm.financial/m/news/2433617877?lang=&edition=fundamental","pubTime":"2024-05-05 06:19","market":"us","language":"en","title":"Warren Buffett Discusses Apple, Cash, Insurance, AI, and More at Berkshire Hathaway's Annual Meeting","url":"https://stock-news.laohu8.com/highlight/detail?id=2433617877","media":"Motley Fool","summary":"Berkshire is bolstering its cash reserves and passing on riskier bets.","content":"<html><head></head><body><ul style=\"\"><li><p>Berkshire cut its Apple stake by 12.9%.</p></li><li><p>Its cash position is expected to exceed $200 billion by the end of this quarter.</p></li><li><p>Buffett said AI has &#34;enormous potential for good and enormous potential for harm.&#34;</p></li></ul><p>Tens of thousands of <strong>Berkshire Hathaway</strong> (BRK.A -0.56%) (BRK.B 0.07%) investors flocked to Omaha this past week for the annual tradition of listening to Warren Buffett muse over the conglomerate&#39;s business, financial markets, and over 93 years of wisdom on life. But this year&#39;s meeting felt different.</p><p>Longtime vice chairman Charlie Munger passed away in late November. His wry sense of humor, witty aphorisms, and entertaining rapport with Buffett were missed dearly. But there were other noticeable differences between this meeting and those of past years -- namely, a sense of caution.</p><p>Let&#39;s dive into the key takeaways from the meeting and how it could influence what Berkshire does next.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/492ad0fb7ea0539413c13021b3c68a34\" tg-width=\"700\" tg-height=\"466\"/></p><p>Image source: The Motley Fool.</p><h2 id=\"id_655468747\">Berkshire sells roughly 13% of its Apple position</h2><p>The elephant in the room was Berkshire&#39;s decision to trim its stake in <strong>Apple </strong>(AAPL 5.98%) during the first quarter. Berkshire sold over 116 million shares of Apple in Q1, reducing its position by around 12.9%. It marks the company&#39;s largest sale of Apple stock since it began purchasing shares in 2016 -- far larger than the 10 million or so shares Berkshire sold in Q4.</p><p>Buffett addressed the sale with the first answer in the Q&amp;A session: &#34;Unless something dramatic happens that really changes capital allocation and strategy, we will have Apple as our largest investment. But I don&#39;t mind at all, under current conditions, building the cash position. I think when I look at the alternatives of what&#39;s available in equity markets, and I look at the composition of what&#39;s going on in the world, we find it quite attractive.&#34;</p><p>In addition to valuation concerns, market conditions, and wanting to build up the cash position, Buffett also mentioned the federal rate on capital gains, which Buffett said is 21% compared to 35% not long ago and even as high as 52% in the past. Fears that the tax rate could go up based on fiscal policies and a need to cut the federal deficit is another reason why Buffett and his team decided to book gains on Apple stock now instead of risking a potentially higher tax rate in the future.</p><h2 id=\"id_1571236452\">Hoarding a treasure trove of cash</h2><p>Buffett has long spoken about the faith Berkshire shareholders entrust in him and his team to safeguard and grow their wealth. Berkshire is known for being fairly risk-averse, gravitating toward businesses with stable cash flows like insurance, railroads, utilities, and top brands like <strong>Coca-Cola</strong> (KO 0.29%), <strong>American Express</strong> (AXP -0.74%), and Apple. Another asset Berkshire loves is cash.</p><p>Berkshire&#39;s cash and U.S. treasury position reached $182.3 billion at the end of the first quarter, up from $163.3 billion at the end of 2023. Buffett said he expects the cash position to exceed $200 billion by the end of the second quarter.</p><p>You may think Berkshire is stockpiling cash because of higher interest rates and a better return on risk-free assets. But shortly before the lunch break, Buffett said that Berkshire would still be heavily in cash even if interest rates were 1% because Berkshire only swings at pitches it likes, and it won&#39;t swing at a pitch simply because it hasn&#39;t in a while. &#34;It&#39;s just that things aren&#39;t attractive, and there are certain ways that could change, and we will see if they do,&#34; said Buffett.</p><p>The commentary is a potential sign that Berkshire is getting even more defensive than usual.</p><h2 id=\"id_1698563646\">A complex but profitable insurance landscape</h2><p>Berkshire&#39;s underlying business is doing exceptionally well. Berkshire&#39;s Q1 operating income skyrocketed 39.1% compared to the same period of 2023 -- driven by larger gains from the insurance businesses and Berkshire Hathaway Energy (which had an abnormally weak Q1 last year). However, Buffett cautioned that it would be unwise to simply multiply insurance income by four for the full year, considering it was a particularly strong quarter and Q3 tends to be the quarter with the highest risk of claims.</p><p>A great deal of the Q&amp;A session was spent discussing the future of insurance and utilities based on new regulations; price increases due to climate change and higher risks of natural disasters; and the potential impact of autonomous driving reducing accidents and driving down the cost of insurance.</p><p>Ajit Jain, Berkshire&#39;s chairman of insurance operations, answered a question on cybersecurity insurance, saying the market is large and profitable and will probably get bigger but just isn&#39;t worth the risk until there are more data points. There was another question on rising insurance rates in Florida, which Berkshire attributed to climate change, increased risks of massive losses, and a difficult regulatory environment, making it harder to do business in Florida.</p><p>An advantage is that Berkshire prices a lot of its contracts in one-year intervals, so it can adjust prices if risks begin to ramp and outweigh rewards. Or as Jain put it, &#34;Climate change, much like inflation, done right, can be a friend of the risk bearer.&#34;</p><p>As for how autonomous driving affects insurance, Buffett said the problem is far from solved, that automakers have been considering insurance for a while, and that insurance can be &#34;a very tempting business when someone hands you money, and you hand them a little piece of paper.&#34; In other words, it isn&#39;t as easy as it seems. Accident rates have come down, and it would benefit society if autonomous driving allowed them to drop even further, but insurance will still be necessary.</p><h2 id=\"id_3847830970\">Opening the Pandora&#39;s Box of AI</h2><p>Buffett&#39;s response to a question on the potential of artificial intelligence (AI) was similar to his response from the 2023 annual meeting. He compared it to the atomic bomb and called it a genie in a bottle in that it has immense power, but we may regret we ever let it out.</p><p>He discussed a personal experience he had where he saw an AI-generated video of himself that was so lifelike that his kids nor his wife would be able to discern if it really was him or his voice except for the fact that he would never say the things in the video. &#34;if I was interested in investing in scamming, it’s going to be the growth industry of all time,&#34; he said.</p><p>Ultimately, Buffett stayed true to his longtime practice of keeping within his circle of competence, saying he doesn&#39;t know enough about AI to predict its future. &#34;It has enormous potential for good and enormous potential for harm, and I just don&#39;t know how that plays out.&#34;</p><h2 id=\"id_1731775438\">Limitless opportunities</h2><p>Despite the cautious sentiment, Buffett&#39;s optimism about the American economy and the stock market&#39;s ability to compound wealth over time was abundantly clear.</p><p>Oftentimes, folks pay too much attention to Berkshire&#39;s cash position as a barometer of its views on the stock market. While Berkshire keeping a large cash position is certainly defensive, it&#39;s worth understanding the context of its different business units and the history of a particular position like Apple.</p><p>Berkshire probably never set out to have Apple make up 40% of its public equity holdings. Taking some risk off the table, especially given the lower tax rate, makes sense for Berkshire, especially if it believes it will need more reserve cash to handle changing dynamics in its insurance business.</p><p>In terms of life advice, the 93-year-old Buffett said that it&#39;s a good idea to think of what you want your obituary to read and start selecting the education paths, social paths, spouse, and friends to get you where you want to go. &#34;The opportunities in this country are basically limitless,&#34; said Buffett.</p><p>We can all learn a lot from Buffett&#39;s steadfast understanding of Berkshire shareholders&#39; needs and the hard work that goes into selecting few investments and passing on countless opportunities.</p><p>In investing, it&#39;s important to align your risk tolerance, investment objectives, and holdings to achieve your financial goals and stay even-keeled no matter what the market is doing. In today&#39;s fast-paced world riddled with rapid change, staying true to your principles is more vital than ever.</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>Warren Buffett Discusses Apple, Cash, Insurance, AI, and More at Berkshire Hathaway's Annual Meeting</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\">\nWarren Buffett Discusses Apple, Cash, Insurance, AI, and More at Berkshire Hathaway's Annual Meeting\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-05 06:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2024/05/04/buffett-2024-meeting-berkshire-hathaway-stock/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Berkshire cut its Apple stake by 12.9%.Its cash position is expected to exceed $200 billion by the end of this quarter.Buffett said AI has \"enormous potential for good and enormous potential for harm....</p>\n\n<a href=\"https://www.fool.com/investing/2024/05/04/buffett-2024-meeting-berkshire-hathaway-stock/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0082616367.USD":"摩根大通美国科技A（dist）","BK4543":"AI","LU0056508442.USD":"贝莱德世界科技基金A2","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","BRK.A":"伯克希尔","BRK.B":"伯克希尔B","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","LU0234572021.USD":"高盛美国核心股票组合Acc","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","LU0109392836.USD":"富兰克林科技股A","BK4505":"高瓴资本持仓","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","BK4581":"高盛持仓","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","BK4512":"苹果概念","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","BK4176":"多领域控股","AAPL":"苹果","BK4528":"SaaS概念","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","LU0289961442.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (SGD) ACC","BK4023":"应用软件","BK4515":"5G概念","BK4554":"元宇宙及AR概念","BK4553":"喜马拉雅资本持仓","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","BK4507":"流媒体概念","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","IE00BLSP4239.USD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis USD Plus","BK4576":"AR","BK4533":"AQR资本管理(全球第二大对冲基金)","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","IE00BLSP4452.SGD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis SGD-H Plus","BK4566":"资本集团","BK4575":"芯片概念","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","LU0048573561.USD":"FIDELITY AMERICA \"A\" (USD) INC"},"source_url":"https://www.fool.com/investing/2024/05/04/buffett-2024-meeting-berkshire-hathaway-stock/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2433617877","content_text":"Berkshire cut its Apple stake by 12.9%.Its cash position is expected to exceed $200 billion by the end of this quarter.Buffett said AI has \"enormous potential for good and enormous potential for harm.\"Tens of thousands of Berkshire Hathaway (BRK.A -0.56%) (BRK.B 0.07%) investors flocked to Omaha this past week for the annual tradition of listening to Warren Buffett muse over the conglomerate's business, financial markets, and over 93 years of wisdom on life. But this year's meeting felt different.Longtime vice chairman Charlie Munger passed away in late November. His wry sense of humor, witty aphorisms, and entertaining rapport with Buffett were missed dearly. But there were other noticeable differences between this meeting and those of past years -- namely, a sense of caution.Let's dive into the key takeaways from the meeting and how it could influence what Berkshire does next.Image source: The Motley Fool.Berkshire sells roughly 13% of its Apple positionThe elephant in the room was Berkshire's decision to trim its stake in Apple (AAPL 5.98%) during the first quarter. Berkshire sold over 116 million shares of Apple in Q1, reducing its position by around 12.9%. It marks the company's largest sale of Apple stock since it began purchasing shares in 2016 -- far larger than the 10 million or so shares Berkshire sold in Q4.Buffett addressed the sale with the first answer in the Q&A session: \"Unless something dramatic happens that really changes capital allocation and strategy, we will have Apple as our largest investment. But I don't mind at all, under current conditions, building the cash position. I think when I look at the alternatives of what's available in equity markets, and I look at the composition of what's going on in the world, we find it quite attractive.\"In addition to valuation concerns, market conditions, and wanting to build up the cash position, Buffett also mentioned the federal rate on capital gains, which Buffett said is 21% compared to 35% not long ago and even as high as 52% in the past. Fears that the tax rate could go up based on fiscal policies and a need to cut the federal deficit is another reason why Buffett and his team decided to book gains on Apple stock now instead of risking a potentially higher tax rate in the future.Hoarding a treasure trove of cashBuffett has long spoken about the faith Berkshire shareholders entrust in him and his team to safeguard and grow their wealth. Berkshire is known for being fairly risk-averse, gravitating toward businesses with stable cash flows like insurance, railroads, utilities, and top brands like Coca-Cola (KO 0.29%), American Express (AXP -0.74%), and Apple. Another asset Berkshire loves is cash.Berkshire's cash and U.S. treasury position reached $182.3 billion at the end of the first quarter, up from $163.3 billion at the end of 2023. Buffett said he expects the cash position to exceed $200 billion by the end of the second quarter.You may think Berkshire is stockpiling cash because of higher interest rates and a better return on risk-free assets. But shortly before the lunch break, Buffett said that Berkshire would still be heavily in cash even if interest rates were 1% because Berkshire only swings at pitches it likes, and it won't swing at a pitch simply because it hasn't in a while. \"It's just that things aren't attractive, and there are certain ways that could change, and we will see if they do,\" said Buffett.The commentary is a potential sign that Berkshire is getting even more defensive than usual.A complex but profitable insurance landscapeBerkshire's underlying business is doing exceptionally well. Berkshire's Q1 operating income skyrocketed 39.1% compared to the same period of 2023 -- driven by larger gains from the insurance businesses and Berkshire Hathaway Energy (which had an abnormally weak Q1 last year). However, Buffett cautioned that it would be unwise to simply multiply insurance income by four for the full year, considering it was a particularly strong quarter and Q3 tends to be the quarter with the highest risk of claims.A great deal of the Q&A session was spent discussing the future of insurance and utilities based on new regulations; price increases due to climate change and higher risks of natural disasters; and the potential impact of autonomous driving reducing accidents and driving down the cost of insurance.Ajit Jain, Berkshire's chairman of insurance operations, answered a question on cybersecurity insurance, saying the market is large and profitable and will probably get bigger but just isn't worth the risk until there are more data points. There was another question on rising insurance rates in Florida, which Berkshire attributed to climate change, increased risks of massive losses, and a difficult regulatory environment, making it harder to do business in Florida.An advantage is that Berkshire prices a lot of its contracts in one-year intervals, so it can adjust prices if risks begin to ramp and outweigh rewards. Or as Jain put it, \"Climate change, much like inflation, done right, can be a friend of the risk bearer.\"As for how autonomous driving affects insurance, Buffett said the problem is far from solved, that automakers have been considering insurance for a while, and that insurance can be \"a very tempting business when someone hands you money, and you hand them a little piece of paper.\" In other words, it isn't as easy as it seems. Accident rates have come down, and it would benefit society if autonomous driving allowed them to drop even further, but insurance will still be necessary.Opening the Pandora's Box of AIBuffett's response to a question on the potential of artificial intelligence (AI) was similar to his response from the 2023 annual meeting. He compared it to the atomic bomb and called it a genie in a bottle in that it has immense power, but we may regret we ever let it out.He discussed a personal experience he had where he saw an AI-generated video of himself that was so lifelike that his kids nor his wife would be able to discern if it really was him or his voice except for the fact that he would never say the things in the video. \"if I was interested in investing in scamming, it’s going to be the growth industry of all time,\" he said.Ultimately, Buffett stayed true to his longtime practice of keeping within his circle of competence, saying he doesn't know enough about AI to predict its future. \"It has enormous potential for good and enormous potential for harm, and I just don't know how that plays out.\"Limitless opportunitiesDespite the cautious sentiment, Buffett's optimism about the American economy and the stock market's ability to compound wealth over time was abundantly clear.Oftentimes, folks pay too much attention to Berkshire's cash position as a barometer of its views on the stock market. While Berkshire keeping a large cash position is certainly defensive, it's worth understanding the context of its different business units and the history of a particular position like Apple.Berkshire probably never set out to have Apple make up 40% of its public equity holdings. Taking some risk off the table, especially given the lower tax rate, makes sense for Berkshire, especially if it believes it will need more reserve cash to handle changing dynamics in its insurance business.In terms of life advice, the 93-year-old Buffett said that it's a good idea to think of what you want your obituary to read and start selecting the education paths, social paths, spouse, and friends to get you where you want to go. \"The opportunities in this country are basically limitless,\" said Buffett.We can all learn a lot from Buffett's steadfast understanding of Berkshire shareholders' needs and the hard work that goes into selecting few investments and passing on countless opportunities.In investing, it's important to align your risk tolerance, investment objectives, and holdings to achieve your financial goals and stay even-keeled no matter what the market is doing. In today's fast-paced world riddled with rapid change, staying true to your principles is more vital than ever.","news_type":1},"isVote":1,"tweetType":1,"viewCount":231,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":286478082011320,"gmtCreate":1710975646011,"gmtModify":1710975649908,"author":{"id":"4145415254454072","authorId":"4145415254454072","name":"ATian","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4145415254454072","authorIdStr":"4145415254454072"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/286478082011320","repostId":"2420496227","repostType":2,"repost":{"id":"2420496227","pubTimestamp":1710936705,"share":"https://ttm.financial/m/news/2420496227?lang=&edition=fundamental","pubTime":"2024-03-20 20:11","market":"us","language":"en","title":"10 NASDAQ Stocks with Biggest Upside","url":"https://stock-news.laohu8.com/highlight/detail?id=2420496227","media":"Insider Monkey","summary":"In this article, we discuss the 10 NASDAQ stocks with the biggest upside. To skip our detailed analysis, go directly to the 5 NASDAQ Stocks with Biggest Upside.The Nasdaq Composite was the worst performer among the major market indices in 2022 and made a stellar comeback in 2023. The index was down 33% at the end of 2022 and recovered from its abysmal performance with a 43% gain in 2023. To put things in perspective, the Nasdaq Composite index hit its previous record in November 2021 with a little over 16,000 points, and it was still a thousand points behind it by the end of 2023, even after the outstanding performance during the year. However, the index has hit new highs and is at 16,275 at March 1 market close. The Nasdaq-100, which includes the 100 largest and most actively traded non-financial companies in the world, recorded its fourth-best performance since 1986, with a 53.81% gain in 2023.Investors and analysts keep mixed reviews about the rising AI trend. While some believe tha","content":"<html><body><p><span>In this article, we discuss the 10 NASDAQ stocks with the biggest upside. To skip our detailed analysis, go directly to the </span><b>5 NASDAQ Stocks with Biggest Upside</b><span>.</span></p>\n<p><span>The Nasdaq Composite was the worst performer among the major market indices in 2022 and made a stellar comeback in 2023. The index was down 33% at the end of 2022 and recovered from its abysmal performance with a 43% gain in 2023. To put things in perspective, the Nasdaq Composite index hit its previous record in November 2021 with a little over 16,000 points, and it was still a thousand points behind it by the end of 2023, even after the outstanding performance during the year. However, the index has hit new highs and is at 16,275 at March 1 market close. The Nasdaq-100, which includes the 100 largest and most actively traded non-financial companies in the world, recorded its fourth-best performance since 1986, with a 53.81% gain in 2023.</span></p>\n<p><span>Nasdaq’s performance is attributed to the fact that it is mostly concentrated in tech stocks, which were the best performers of the year in 2023. The Magnificent 7 stocks remained in the limelight as several of the top performers of the index were a part of the group, which include NVIDIA Corporation (NASDAQ:</span><span>NVDA</span><span>) and <a href=\"https://laohu8.com/S/META\">Meta Platforms</a>, Inc. (NASDAQ:</span><span>META</span><span>), and they gained 239% and 194% in 2023, respectively. However, some other stocks made significant strides through the year as well. Some of them are Advanced Micro Devices, Inc. (NASDAQ:</span><span>AMD</span><span>), <a href=\"https://laohu8.com/S/PANW\">Palo Alto Networks</a>, Inc. (NASDAQ:</span><span>PANW</span><span>), and Super Micro Computer, Inc. (NASDAQ:</span><span>SMCI</span><span>). Advanced Micro Devices, Inc. (NASDAQ:AMD) gained nearly 128%, and Palo Alto Networks, Inc. (NASDAQ:PANW) was 110% higher by the end of 2023. Super Micro Computer, Inc. (NASDAQ:</span><span>SMCI</span><span>) performed even more spectacularly in 2023 and is still on a remarkable upward trajectory in the current year. As of March 18, the stock has gained more than 900% over the past 12 months.</span></p>\n<p><span>Although 5 of the magnificent 7 stocks are still performing well and their price charts are still in green on a year-to-date basis, as of March 18, Apple Inc. (NASDAQ:</span><span>AAPL</span><span>) and Tesla, Inc. (NASDAQ:</span><span>TSLA</span><span>) have declined significantly. Apple is down 4.61%, and Tesla has also fallen out of favor among many analysts and is down 32% year-to-date. However, Cathie Wood of </span><span>Ark Invest</span><span> still sees long-term growth for Tesla, Inc.’s (NASDAQ:TSLA) stock due to its autonomous driving software. Last year, Wood said in an </span><span>interview</span><span> on CNBC that she believes that the company’s stock price will hit the $2000 mark by 2027. In 2024, the investor is still bullish on the stock. Ark Invest bought $141 million worth of Tesla, Inc.’s (NASDAQ:TSLA) stock in January, as reported by </span><span>Bloomberg</span><span> on January 29. The firm also bought over </span><span>$35 million</span><span> worth of company shares on March 14, as reported by Business Insider on the same day.</span></p>\n<h2><b>Is There a Stop to the AI Rally?</b></h2>\n<p><span>Investors and analysts keep mixed reviews about the rising AI trend. While some believe that the AI surge could be a bubble and that tech stocks are now overvalued, others hold the opinion that AI is a revolutionary trend that will dominate the market for years to come. Looking at recent earnings of the tech stocks, the latter scenario is more likely. </span></p>\n<p><span>The industry leader, NVIDIA Corporation (NASDAQ:NVDA), reported its Q4 earnings on February 21. It reported non-GAAP earnings per share (EPS) of $5.16, which was up 28% sequentially, and was 486% higher than last year. Furthermore, its revenue increased by 265% year-over-year (YoY) to $22.1 billion. The company's gross margin also increased by 10.6%, year over year, to 76.7% in the quarter. On March 18, Truist and HSBC raised NVIDIA’s price target by $266 and $170, respectively. Truist has a price target of $1,177 for the stock, while HSBC’s Frank Lee raised NVIDIA Corporation’s (NASDAQ:NVDA) price target to $1050. The stock is currently trading at around $885, as of March 18.</span></p>\n<p><span>After NVIDIA Corporation’s (NASDAQ:NVDA) first-rate earnings report, Dell Technologies (NYSE:</span><span>DELL</span><span>) also showed strength in its earnings in the fourth quarter due to a high demand for its artificial intelligence servers. The company reported an EPS of $2.20 and a revenue of $22.32 billion, which outperformed the market estimates by $0.48 and $150 million, respectively. The stock gained 31.5% in a day on March 1 and is up nearly 13% month-to-date as of March 18. Dell Technologies’ (NYSE:DELL) also increased its quarterly dividend by 20%. The company’s earnings revived investor belief in AI, and most of the industry-related stocks moved higher during the day. At Dell Technologies’ (NYSE:DELL) </span><span>Q4 2024 earnings call</span><span>, COO and Vice Chairman of the company, Jeffrey Clark, highlighted the demand growth for AI-optimized servers. He said:</span></p>\n<blockquote>\n<p><span>“AI-optimized server orders increased by nearly 40% sequentially. We shipped $800 million of AI-optimized servers, and our backlog nearly doubled sequentially, exiting the fiscal year at $2.9 billion. Demand continues to outpace GPU supply, though we are seeing H100 lead times improving. We are also seeing strong interest in orders for AI-optimized servers equipped with the next generation of AI GPUs, including the H200 and the MI300X. Most customers are still in the early stages of their AI journey, and they are very interested in what we are doing at Dell. We are helping them get started and work through their use cases, data preparation, training, and infrastructure requirements.”</span></p>\n</blockquote>\n<p><span>Now let us continue to our list of NASDAQ stocks with the biggest upside potential, which includes <a href=\"https://laohu8.com/S/RARE\">Ultragenyx Pharmaceutical Inc</a>. (NASDAQ:</span><span>RARE</span><span>), Viasat, Inc. (NASDAQ:</span><span>VSAT</span><span>), and <a href=\"https://laohu8.com/S/RUN\">Sunrun Inc.</a> (NASDAQ:</span><span>RUN</span><span>). You can also check out </span><span>11 Oversold NASDAQ Stocks To Buy Right Now</span><span> and </span><span>15 Best NASDAQ Dividend Stocks To Buy</span><span>.</span></p>\n<img height=\"1081\" src=\"https://s1.yimg.com/uu/api/res/1.2/GvLghmPkj6S4urHsGQUptg--/cT03NTthcHBpZD15dmlkZW9mZWVkczs-/https://media.zenfs.com/en/insidermonkey.com/a1dbf97dc52b703046836e28beeccb37\" width=\"1920\"/> Photo by \nPascal Bernardon on \nUnsplash\n<p><b><i>Our Methodology</i></b></p>\n<p><span>For this article, we identified 20 stocks listed on NASDAQ with the biggest upside potential through financial media websites including CNBC, Motley Fool, Kiplinger, and Business Insider. Next, we checked each stock’s analyst ratings and price targets on TipRanks. We then chose the 10 stocks with the highest average analyst price target upside at the time of writing on March 18 and listed the stocks in ascending order.</span></p>\n<p><span>We also mentioned the hedge fund sentiment around each stock. The hedge fund data was taken from Insider Monkey’s database of 933 elite hedge funds as of Q4, 2023. Hedge funds’ top 10 consensus stock picks outperformed the S&amp;P 500 Index by more than 140 percentage points over the last 10 years (</span><span>see the details here</span><span>). That’s why we pay very close attention to this often-ignored indicator.</span></p>\n<h2><b>10 NASDAQ Stocks with Biggest Upside</b></h2>\n<h3><b>10. Baker Hughes Company (NASDAQ:</b><b>BKR</b><b>)</b></h3>\n<p><b><i>Average Analyst Price Target Upside: 22.99%</i></b></p>\n<p><b><i>Number of Hedge Fund Holders: 47</i></b></p>\n<p><span>Baker Hughes Company (NASDAQ:BKR) is a Texas-based company that offers energy and industrial solutions. According to TipRanks, the stock has a consensus rating of Strong Buy as per the 14 Wall Street analysts that covered it over the past three months. The average price target of $39.85 implies an upside of 22.99% from the current levels at the time of writing on March 18.</span></p>\n<p><span>On February 21, Baker Hughes Company (NASDAQ:BKR) announced that it won a significant and multi-year award for the provision of integrated well construction services for rigs in the Buzios pre-salt field offshore Brazil. The work on the three rigs is expected to begin in the first half of 2025.</span></p>\n<p><span>Baker Hughes Company (NASDAQ:BKR) was part of 47 hedge funds’ portfolios in the fourth quarter of 2023 with a total stake value of $911.825 million. </span><span>AQR Capital Management</span><span> is the most prominent shareholder in the company and has a position worth nearly $137.851 million, as of Q4, 2023.</span></p>\n<p><span>Baker Hughes Company (NASDAQ:BKR) is one of the top NASDAQ stocks with the biggest upside, along with Ultragenyx Pharmaceutical Inc. (NASDAQ:RARE), Viasat, Inc. (NASDAQ:VSAT), and Sunrun Inc. (NASDAQ:RUN).</span></p>\n<p><span>ClearBridge Investments</span><span> made the following comment about Baker Hughes Company (NASDAQ:BKR) in its </span><span>Q3 2023 investor letter</span><span>:</span></p>\n<blockquote>\n<p><span>“Performance was boosted in the quarter by the Strategy’s more economically-sensitive holdings among steady compounders and evolving opportunities. Oilfield equipment and services provider Baker Hughes Company (NASDAQ:BKR), meanwhile, benefited from a $20 rise in crude oil prices as well as disciplined execution.”</span></p>\n</blockquote>\n<h3><b>9. Insulet Corporation (NASDAQ:</b><b>PODD</b><b>)</b></h3>\n<p><b><i>Average Analyst Price Target Upside: 44.79%</i></b></p>\n<p><b><i>Number of Hedge Fund Holders: 50</i></b></p>\n<p><span>Insulet Corporation (NASDAQ:PODD) is engaged in developing, manufacturing, and distributing insulin management systems for diabetic patients. In the fourth quarter of 2023, 50 hedge funds had stakes in Insulet Corporation (NASDAQ:PODD) with total positions worth $1.197 billion. This is compared to 44 funds with positions worth $938.370 million in the preceding quarter. As of December 31, 2023, </span><span>Citadel Investment Group</span><span> is the largest shareholder in the company with a stake worth $288.885 million.</span></p>\n<p><span>On February 7, Insulet Corporation (NASDAQ:PODD) announced that its Omnipod 5 automated insulin delivery system with Abbott Laboratories’ (NYSE:</span><span>ABT</span><span>) FreeStyle Libre 2 Plus sensor received CE Mark approval.</span></p>\n<p><span>In the past three months, 12 Wall Street analysts have covered Insulet Corporation (NASDAQ:PODD), and 9 maintain a Buy rating on the stock. At the time of writing on March 18, the average price target of $238.33 has an upside of 44.79% from present levels.</span></p>\n<p><span>ClearBridge Investments</span><span> mentioned Insulet Corporation (NASDAQ:PODD) in its </span><span>third quarter 2023 investor letter</span><span>. Here is what it said:</span></p>\n<blockquote>\n<p><span>“Results were primarily impacted by weakness among two health care holdings, Insulet Corporation (NASDAQ:PODD) and Surgery Partners. Positive clinical studies for GLP-1 therapeutics showed substantial health benefits to diabetic and obese patients, boosting stock prices of pharmaceutical companies tied to the manufacturing of these drugs. The potential for improved patient outcomes raised the risk of lower utilization for Insulet, a maker of insulin patch pumps, and Surgery Partners, whose outpatient surgery centers conduct weight loss and many other types of outpatient procedures. Though the GLP-1 threat is weighing on the valuation multiple of Insulet, any negative effects would likely not meaningfully affect the business for many years, especially given how large and underpenetrated the Type 2 diabetes market is for the company currently. Additionally, this could require significant improvements in cost, availability, and adherence for GLP-1s. Furthermore, we are encouraged that the majority of Insulet’s business today is still from Type 1 diabetes, where fundamentals remain strong and the company is gaining share.”</span></p>\n</blockquote>\n<h3><b>8. First Solar, Inc. (NASDAQ:</b><b>FSLR</b><b>)</b></h3>\n<p><b><i>Average Analyst Price Target Upside: 50.15%</i></b></p>\n<p><b><i>Number of Hedge Fund Holders: 47</i></b></p>\n<p><span>First Solar, Inc. (NASDAQ:FSLR) is a Texas-based company that provides solar photovoltaic (PV) systems. First Solar, Inc. (NASDAQ:FSLR) takes the eighth spot on our list of NASDAQ stocks with the biggest upside. Over the past three months, 20 Wall Street analysts have given their recommendations on First Solar, Inc. (NASDAQ:FSLR), with 16 recommending to Buy the stock. As of March 18, the stock’s average price target of $220.72 implies an upside of 50.15% to its current price.</span></p>\n<p><span>According to Insider Monkey’s database which tracks 933 elite hedge funds, 47 funds had investments in First Solar, Inc.’s (NASDAQ:FSLR) stock in the fourth quarter of 2023 worth $1.106 billion. With 1.79 million shares worth $308.736 million, Robert Pohly’s </span><span>Samlyn Capital</span><span> is the top investor in the company, as of Q4 2023.</span></p>\n<p><span>On February 27, First Solar, Inc. (NASDAQ:FSLR) announced its Q4 earnings result with a GAAP EPS of $3.25, which topped the estimates by $0.13. The revenue jumped 16.0% year-over-year to $1.16 billion.</span></p>\n<h3><b>7. <a href=\"https://laohu8.com/S/SHLS\">Shoals Technologies Group</a>, Inc. (NASDAQ:</b><b>SHLS</b><b>)</b></h3>\n<p><b><i>Average Analyst Price Target Upside: 58.89%</i></b></p>\n<p><b><i>Number of Hedge Fund Holders: 31</i></b></p>\n<p><span>Shoals Technologies Group, Inc. (NASDAQ:SHLS) is a Tennessee-based company that offers electrical balance of system solutions. The stock has been covered by 15 Wall Street analysts over the past three months, with 12 keeping a Buy rating on the stock. The average price target of $18.86 implies an upside of 58.89% from the current levels on March 18.</span></p>\n<p><span>On February 21, it was reported that Shoals Technologies Group, Inc. (NASDAQ:SHLS) will </span><span>expand</span><span> its existing Tennessee operations over the next five years and will spend $80 million for this endeavor.</span></p>\n<p><span>According to Insider Monkey’s database, 31 hedge funds had investments in Shoals Technologies Group, Inc. (NASDAQ:SHLS) in Q4 of 2023 with positions worth $464.778 million. This compared to 33 funds in the previous quarter, with positions worth $349.254 million. </span><span>Encompass Capital Advisors</span><span> is the top shareholder in the company with a position worth $105.713 million, as of the fourth quarter of 2023.</span></p>\n<p><span>On February 28, Shoals Technologies Group, Inc. (NASDAQ:SHLS) announced its Q4 earnings result with a non-GAAP EPS of $0.12 and a revenue of $130.4 million, which grew by 37.8% YoY.</span></p>\n<h3><b>6. <a href=\"https://laohu8.com/S/WBD\">Warner Bros. Discovery</a>, Inc. (NASDAQ:</b><b>WBD</b><b>)</b></h3>\n<p><b><i>Average Analyst Price Target Upside: 61.26%</i></b></p>\n<p><b><i>Number of Hedge Fund Holders: 56</i></b></p>\n<p><span>Warner Bros. Discovery, Inc. (NASDAQ:WBD) is a New York-based media and entertainment company. The stock was held by 56 hedge funds in the fourth quarter of 2023. The total stakes of the funds amounted to $1.122 billion. As of December 31, 2023, </span><span>Harris Associates</span><span> is the most dominant shareholder in the company with a position worth $904.761 million.</span></p>\n<p><span>Of the 17 Wall Street analysts that have covered Warner Bros. Discovery, Inc. (NASDAQ:WBD) over the past three months, 9 maintain a Buy rating on the stock. The average price target of $13.61 implies an upside of 61.26% from current levels, as of March 18.</span></p>\n<p><span>On February 26, Barrington analyst James Goss lowered the price target on Warner Bros. Discovery, Inc.’s (NASDAQ:WBD) stock to $16 from $18 and kept an Outperform rating on the shares.</span></p>\n<p><span>Ultragenyx Pharmaceutical Inc. (NASDAQ:RARE), Viasat, Inc. (NASDAQ:VSAT), and Sunrun Inc. (NASDAQ:RUN) are some of the NASDAQ stocks with the biggest upside, in addition to Warner Bros. Discovery, Inc. (NASDAQ:WBD).</span></p>\n<p><span>Longleaf Partners stated the following regarding Warner Bros. Discovery, Inc. (NASDAQ:WBD) in its </span><span>fourth quarter 2023 investor letter</span><span>:</span></p>\n<blockquote>\n<p><span>“The rules have improved how we analyze existing holdings and influenced the price at which we will buy a new holding and/or trim or add to an existing one. This has resulted in a higher level of resizing positions in the portfolio and exiting some long-term holdings this year. A good example in the portfolio today is Warner Bros. Discovery, Inc. (NASDAQ:WBD), a company that we bought too early but that remains a holding in the portfolio. Our average price for the initial WBD investment in 2021 was $26.48, or a P/V ratio in the mid-60s%. However, P/EV on the initial report was 79%. Under the new rules, we would not pay that price for the company today. We most likely would have waited for a mid-60s% P/EV, which would have equated to a $mid-teens entry price. In this case, we would have missed a too-large initial downturn in the stock price. The overweight rule dictated that we trimmed the position after the price ran up in the first half of 2023, which benefitted overall performance as the stock price subsequently fell again. However, even with the new rule lens, we remain confident in our case for the business and management’s ability to deliver going forward.”</span></p>\n</blockquote>\n<p><b>Click to continue reading and see the 5 NASDAQ Stocks with Biggest Upside</b><span>.</span></p>\n<p><span>Suggested articles:</span></p>\n<ul>\n<li><span>17 Worst Bachelor’s Degrees for Student Loan Debt</span></li>\n<li><span>13 Best EV Stocks To Buy in 2024</span></li>\n<li><span>13 Best NASDAQ Penny Stocks To Invest In</span></li>\n</ul>\n<p><span>Disclosure. None. </span><b>10 NASDAQ Stocks with Biggest Upside</b><span> is originally published on Insider Monkey.</span></p></body></html>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>10 NASDAQ Stocks with Biggest Upside</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\">\n10 NASDAQ Stocks with Biggest Upside\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-20 20:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/10-nasdaq-stocks-biggest-upside-121145757.html><strong>Insider Monkey</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>In this article, we discuss the 10 NASDAQ stocks with the biggest upside. To skip our detailed analysis, go directly to the 5 NASDAQ Stocks with Biggest Upside.\nThe Nasdaq Composite was the worst ...</p>\n\n<a href=\"https://finance.yahoo.com/news/10-nasdaq-stocks-biggest-upside-121145757.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://s.yimg.com/uu/api/res/1.2/F5eZ.B_g3dZslTmMgNikKA--~B/aD0xMDgxO3c9MTkyMDthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/insidermonkey.com/a1dbf97dc52b703046836e28beeccb37","relate_stocks":{"NVDA":"英伟达","BK4511":"特斯拉概念","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","WBD":"Warner Bros. Discovery","TSLA":"特斯拉","BKR":"贝克休斯","VSAT":"卫讯公司","QLD":"纳指两倍做多ETF","TQQQ":"纳指三倍做多ETF","RUN":"Sunrun Inc.","PODD":"银休特","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","BK4554":"元宇宙及AR概念","NDAQ":"纳斯达克OMX交易所","QID":"纳指两倍做空ETF","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","BK4553":"喜马拉雅资本持仓","LU0211327993.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (USD) ACC","SHLS":"Shoals Technologies Group","QQQ":"纳指100ETF","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","BK4555":"新能源车","META":"Meta Platforms, Inc.","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD",".IXIC":"NASDAQ Composite","COMP":"Compass, Inc.","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","AAPL":"苹果","LU0079474960.USD":"联博美国增长基金A","LU0889565833.HKD":"FRANKLIN TECHNOLOGY \"A\" (HKD) ACC","LU1804176565.USD":"EASTSPRING INV GLOBAL GROWTH EQUITY \"A\" (USD) ACC","AMD":"美国超微公司","ABT":"雅培","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","SMCI":"超微电脑","PSQ":"纳指反向ETF","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","PANW":"Palo Alto Networks","BK4519":"光伏太阳能","DELL":"戴尔","SQQQ":"纳指三倍做空ETF","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","RARE":"Ultragenyx Pharmaceutical Inc","FSLR":"第一太阳能","BK4512":"苹果概念"},"source_url":"https://finance.yahoo.com/news/10-nasdaq-stocks-biggest-upside-121145757.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2420496227","content_text":"In this article, we discuss the 10 NASDAQ stocks with the biggest upside. To skip our detailed analysis, go directly to the 5 NASDAQ Stocks with Biggest Upside.\nThe Nasdaq Composite was the worst performer among the major market indices in 2022 and made a stellar comeback in 2023. The index was down 33% at the end of 2022 and recovered from its abysmal performance with a 43% gain in 2023. To put things in perspective, the Nasdaq Composite index hit its previous record in November 2021 with a little over 16,000 points, and it was still a thousand points behind it by the end of 2023, even after the outstanding performance during the year. However, the index has hit new highs and is at 16,275 at March 1 market close. The Nasdaq-100, which includes the 100 largest and most actively traded non-financial companies in the world, recorded its fourth-best performance since 1986, with a 53.81% gain in 2023.\nNasdaq’s performance is attributed to the fact that it is mostly concentrated in tech stocks, which were the best performers of the year in 2023. The Magnificent 7 stocks remained in the limelight as several of the top performers of the index were a part of the group, which include NVIDIA Corporation (NASDAQ:NVDA) and Meta Platforms, Inc. (NASDAQ:META), and they gained 239% and 194% in 2023, respectively. However, some other stocks made significant strides through the year as well. Some of them are Advanced Micro Devices, Inc. (NASDAQ:AMD), Palo Alto Networks, Inc. (NASDAQ:PANW), and Super Micro Computer, Inc. (NASDAQ:SMCI). Advanced Micro Devices, Inc. (NASDAQ:AMD) gained nearly 128%, and Palo Alto Networks, Inc. (NASDAQ:PANW) was 110% higher by the end of 2023. Super Micro Computer, Inc. (NASDAQ:SMCI) performed even more spectacularly in 2023 and is still on a remarkable upward trajectory in the current year. As of March 18, the stock has gained more than 900% over the past 12 months.\nAlthough 5 of the magnificent 7 stocks are still performing well and their price charts are still in green on a year-to-date basis, as of March 18, Apple Inc. (NASDAQ:AAPL) and Tesla, Inc. (NASDAQ:TSLA) have declined significantly. Apple is down 4.61%, and Tesla has also fallen out of favor among many analysts and is down 32% year-to-date. However, Cathie Wood of Ark Invest still sees long-term growth for Tesla, Inc.’s (NASDAQ:TSLA) stock due to its autonomous driving software. Last year, Wood said in an interview on CNBC that she believes that the company’s stock price will hit the $2000 mark by 2027. In 2024, the investor is still bullish on the stock. Ark Invest bought $141 million worth of Tesla, Inc.’s (NASDAQ:TSLA) stock in January, as reported by Bloomberg on January 29. The firm also bought over $35 million worth of company shares on March 14, as reported by Business Insider on the same day.\nIs There a Stop to the AI Rally?\nInvestors and analysts keep mixed reviews about the rising AI trend. While some believe that the AI surge could be a bubble and that tech stocks are now overvalued, others hold the opinion that AI is a revolutionary trend that will dominate the market for years to come. Looking at recent earnings of the tech stocks, the latter scenario is more likely. \nThe industry leader, NVIDIA Corporation (NASDAQ:NVDA), reported its Q4 earnings on February 21. It reported non-GAAP earnings per share (EPS) of $5.16, which was up 28% sequentially, and was 486% higher than last year. Furthermore, its revenue increased by 265% year-over-year (YoY) to $22.1 billion. The company's gross margin also increased by 10.6%, year over year, to 76.7% in the quarter. On March 18, Truist and HSBC raised NVIDIA’s price target by $266 and $170, respectively. Truist has a price target of $1,177 for the stock, while HSBC’s Frank Lee raised NVIDIA Corporation’s (NASDAQ:NVDA) price target to $1050. The stock is currently trading at around $885, as of March 18.\nAfter NVIDIA Corporation’s (NASDAQ:NVDA) first-rate earnings report, Dell Technologies (NYSE:DELL) also showed strength in its earnings in the fourth quarter due to a high demand for its artificial intelligence servers. The company reported an EPS of $2.20 and a revenue of $22.32 billion, which outperformed the market estimates by $0.48 and $150 million, respectively. The stock gained 31.5% in a day on March 1 and is up nearly 13% month-to-date as of March 18. Dell Technologies’ (NYSE:DELL) also increased its quarterly dividend by 20%. The company’s earnings revived investor belief in AI, and most of the industry-related stocks moved higher during the day. At Dell Technologies’ (NYSE:DELL) Q4 2024 earnings call, COO and Vice Chairman of the company, Jeffrey Clark, highlighted the demand growth for AI-optimized servers. He said:\n\n“AI-optimized server orders increased by nearly 40% sequentially. We shipped $800 million of AI-optimized servers, and our backlog nearly doubled sequentially, exiting the fiscal year at $2.9 billion. Demand continues to outpace GPU supply, though we are seeing H100 lead times improving. We are also seeing strong interest in orders for AI-optimized servers equipped with the next generation of AI GPUs, including the H200 and the MI300X. Most customers are still in the early stages of their AI journey, and they are very interested in what we are doing at Dell. We are helping them get started and work through their use cases, data preparation, training, and infrastructure requirements.”\n\nNow let us continue to our list of NASDAQ stocks with the biggest upside potential, which includes Ultragenyx Pharmaceutical Inc. (NASDAQ:RARE), Viasat, Inc. (NASDAQ:VSAT), and Sunrun Inc. (NASDAQ:RUN). You can also check out 11 Oversold NASDAQ Stocks To Buy Right Now and 15 Best NASDAQ Dividend Stocks To Buy.\n Photo by \nPascal Bernardon on \nUnsplash\nOur Methodology\nFor this article, we identified 20 stocks listed on NASDAQ with the biggest upside potential through financial media websites including CNBC, Motley Fool, Kiplinger, and Business Insider. Next, we checked each stock’s analyst ratings and price targets on TipRanks. We then chose the 10 stocks with the highest average analyst price target upside at the time of writing on March 18 and listed the stocks in ascending order.\nWe also mentioned the hedge fund sentiment around each stock. The hedge fund data was taken from Insider Monkey’s database of 933 elite hedge funds as of Q4, 2023. Hedge funds’ top 10 consensus stock picks outperformed the S&P 500 Index by more than 140 percentage points over the last 10 years (see the details here). That’s why we pay very close attention to this often-ignored indicator.\n10 NASDAQ Stocks with Biggest Upside\n10. Baker Hughes Company (NASDAQ:BKR)\nAverage Analyst Price Target Upside: 22.99%\nNumber of Hedge Fund Holders: 47\nBaker Hughes Company (NASDAQ:BKR) is a Texas-based company that offers energy and industrial solutions. According to TipRanks, the stock has a consensus rating of Strong Buy as per the 14 Wall Street analysts that covered it over the past three months. The average price target of $39.85 implies an upside of 22.99% from the current levels at the time of writing on March 18.\nOn February 21, Baker Hughes Company (NASDAQ:BKR) announced that it won a significant and multi-year award for the provision of integrated well construction services for rigs in the Buzios pre-salt field offshore Brazil. The work on the three rigs is expected to begin in the first half of 2025.\nBaker Hughes Company (NASDAQ:BKR) was part of 47 hedge funds’ portfolios in the fourth quarter of 2023 with a total stake value of $911.825 million. AQR Capital Management is the most prominent shareholder in the company and has a position worth nearly $137.851 million, as of Q4, 2023.\nBaker Hughes Company (NASDAQ:BKR) is one of the top NASDAQ stocks with the biggest upside, along with Ultragenyx Pharmaceutical Inc. (NASDAQ:RARE), Viasat, Inc. (NASDAQ:VSAT), and Sunrun Inc. (NASDAQ:RUN).\nClearBridge Investments made the following comment about Baker Hughes Company (NASDAQ:BKR) in its Q3 2023 investor letter:\n\n“Performance was boosted in the quarter by the Strategy’s more economically-sensitive holdings among steady compounders and evolving opportunities. Oilfield equipment and services provider Baker Hughes Company (NASDAQ:BKR), meanwhile, benefited from a $20 rise in crude oil prices as well as disciplined execution.”\n\n9. Insulet Corporation (NASDAQ:PODD)\nAverage Analyst Price Target Upside: 44.79%\nNumber of Hedge Fund Holders: 50\nInsulet Corporation (NASDAQ:PODD) is engaged in developing, manufacturing, and distributing insulin management systems for diabetic patients. In the fourth quarter of 2023, 50 hedge funds had stakes in Insulet Corporation (NASDAQ:PODD) with total positions worth $1.197 billion. This is compared to 44 funds with positions worth $938.370 million in the preceding quarter. As of December 31, 2023, Citadel Investment Group is the largest shareholder in the company with a stake worth $288.885 million.\nOn February 7, Insulet Corporation (NASDAQ:PODD) announced that its Omnipod 5 automated insulin delivery system with Abbott Laboratories’ (NYSE:ABT) FreeStyle Libre 2 Plus sensor received CE Mark approval.\nIn the past three months, 12 Wall Street analysts have covered Insulet Corporation (NASDAQ:PODD), and 9 maintain a Buy rating on the stock. At the time of writing on March 18, the average price target of $238.33 has an upside of 44.79% from present levels.\nClearBridge Investments mentioned Insulet Corporation (NASDAQ:PODD) in its third quarter 2023 investor letter. Here is what it said:\n\n“Results were primarily impacted by weakness among two health care holdings, Insulet Corporation (NASDAQ:PODD) and Surgery Partners. Positive clinical studies for GLP-1 therapeutics showed substantial health benefits to diabetic and obese patients, boosting stock prices of pharmaceutical companies tied to the manufacturing of these drugs. The potential for improved patient outcomes raised the risk of lower utilization for Insulet, a maker of insulin patch pumps, and Surgery Partners, whose outpatient surgery centers conduct weight loss and many other types of outpatient procedures. Though the GLP-1 threat is weighing on the valuation multiple of Insulet, any negative effects would likely not meaningfully affect the business for many years, especially given how large and underpenetrated the Type 2 diabetes market is for the company currently. Additionally, this could require significant improvements in cost, availability, and adherence for GLP-1s. Furthermore, we are encouraged that the majority of Insulet’s business today is still from Type 1 diabetes, where fundamentals remain strong and the company is gaining share.”\n\n8. First Solar, Inc. (NASDAQ:FSLR)\nAverage Analyst Price Target Upside: 50.15%\nNumber of Hedge Fund Holders: 47\nFirst Solar, Inc. (NASDAQ:FSLR) is a Texas-based company that provides solar photovoltaic (PV) systems. First Solar, Inc. (NASDAQ:FSLR) takes the eighth spot on our list of NASDAQ stocks with the biggest upside. Over the past three months, 20 Wall Street analysts have given their recommendations on First Solar, Inc. (NASDAQ:FSLR), with 16 recommending to Buy the stock. As of March 18, the stock’s average price target of $220.72 implies an upside of 50.15% to its current price.\nAccording to Insider Monkey’s database which tracks 933 elite hedge funds, 47 funds had investments in First Solar, Inc.’s (NASDAQ:FSLR) stock in the fourth quarter of 2023 worth $1.106 billion. With 1.79 million shares worth $308.736 million, Robert Pohly’s Samlyn Capital is the top investor in the company, as of Q4 2023.\nOn February 27, First Solar, Inc. (NASDAQ:FSLR) announced its Q4 earnings result with a GAAP EPS of $3.25, which topped the estimates by $0.13. The revenue jumped 16.0% year-over-year to $1.16 billion.\n7. Shoals Technologies Group, Inc. (NASDAQ:SHLS)\nAverage Analyst Price Target Upside: 58.89%\nNumber of Hedge Fund Holders: 31\nShoals Technologies Group, Inc. (NASDAQ:SHLS) is a Tennessee-based company that offers electrical balance of system solutions. The stock has been covered by 15 Wall Street analysts over the past three months, with 12 keeping a Buy rating on the stock. The average price target of $18.86 implies an upside of 58.89% from the current levels on March 18.\nOn February 21, it was reported that Shoals Technologies Group, Inc. (NASDAQ:SHLS) will expand its existing Tennessee operations over the next five years and will spend $80 million for this endeavor.\nAccording to Insider Monkey’s database, 31 hedge funds had investments in Shoals Technologies Group, Inc. (NASDAQ:SHLS) in Q4 of 2023 with positions worth $464.778 million. This compared to 33 funds in the previous quarter, with positions worth $349.254 million. Encompass Capital Advisors is the top shareholder in the company with a position worth $105.713 million, as of the fourth quarter of 2023.\nOn February 28, Shoals Technologies Group, Inc. (NASDAQ:SHLS) announced its Q4 earnings result with a non-GAAP EPS of $0.12 and a revenue of $130.4 million, which grew by 37.8% YoY.\n6. Warner Bros. Discovery, Inc. (NASDAQ:WBD)\nAverage Analyst Price Target Upside: 61.26%\nNumber of Hedge Fund Holders: 56\nWarner Bros. Discovery, Inc. (NASDAQ:WBD) is a New York-based media and entertainment company. The stock was held by 56 hedge funds in the fourth quarter of 2023. The total stakes of the funds amounted to $1.122 billion. As of December 31, 2023, Harris Associates is the most dominant shareholder in the company with a position worth $904.761 million.\nOf the 17 Wall Street analysts that have covered Warner Bros. Discovery, Inc. (NASDAQ:WBD) over the past three months, 9 maintain a Buy rating on the stock. The average price target of $13.61 implies an upside of 61.26% from current levels, as of March 18.\nOn February 26, Barrington analyst James Goss lowered the price target on Warner Bros. Discovery, Inc.’s (NASDAQ:WBD) stock to $16 from $18 and kept an Outperform rating on the shares.\nUltragenyx Pharmaceutical Inc. (NASDAQ:RARE), Viasat, Inc. (NASDAQ:VSAT), and Sunrun Inc. (NASDAQ:RUN) are some of the NASDAQ stocks with the biggest upside, in addition to Warner Bros. Discovery, Inc. (NASDAQ:WBD).\nLongleaf Partners stated the following regarding Warner Bros. Discovery, Inc. (NASDAQ:WBD) in its fourth quarter 2023 investor letter:\n\n“The rules have improved how we analyze existing holdings and influenced the price at which we will buy a new holding and/or trim or add to an existing one. This has resulted in a higher level of resizing positions in the portfolio and exiting some long-term holdings this year. A good example in the portfolio today is Warner Bros. Discovery, Inc. (NASDAQ:WBD), a company that we bought too early but that remains a holding in the portfolio. Our average price for the initial WBD investment in 2021 was $26.48, or a P/V ratio in the mid-60s%. However, P/EV on the initial report was 79%. Under the new rules, we would not pay that price for the company today. We most likely would have waited for a mid-60s% P/EV, which would have equated to a $mid-teens entry price. In this case, we would have missed a too-large initial downturn in the stock price. The overweight rule dictated that we trimmed the position after the price ran up in the first half of 2023, which benefitted overall performance as the stock price subsequently fell again. However, even with the new rule lens, we remain confident in our case for the business and management’s ability to deliver going forward.”\n\nClick to continue reading and see the 5 NASDAQ Stocks with Biggest Upside.\nSuggested articles:\n\n17 Worst Bachelor’s Degrees for Student Loan Debt\n13 Best EV Stocks To Buy in 2024\n13 Best NASDAQ Penny Stocks To Invest In\n\nDisclosure. None. 10 NASDAQ Stocks with Biggest Upside is originally published on Insider Monkey.","news_type":1},"isVote":1,"tweetType":1,"viewCount":239,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":284242648014912,"gmtCreate":1710411104311,"gmtModify":1710411108490,"author":{"id":"4145415254454072","authorId":"4145415254454072","name":"ATian","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4145415254454072","authorIdStr":"4145415254454072"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/BYND\">$Beyond Meat, Inc.(BYND)$ </a>&nbsp;finally He is back","listText":"<a href=\"https://ttm.financial/S/BYND\">$Beyond Meat, Inc.(BYND)$ </a>&nbsp;finally He is back","text":"$Beyond Meat, Inc.(BYND)$ finally He is back","images":[{"img":"https://community-static.tradeup.com/news/eef6bef56d34c8c5b0c48851bb9c2233","width":"882","height":"1608"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/284242648014912","isVote":1,"tweetType":1,"viewCount":361,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":282813536235624,"gmtCreate":1710054566935,"gmtModify":1710054570350,"author":{"id":"4145415254454072","authorId":"4145415254454072","name":"ATian","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4145415254454072","authorIdStr":"4145415254454072"},"themes":[],"htmlText":"Will gold still continue? I hope not, because I am not in&nbsp;[Cry]&nbsp;","listText":"Will gold still continue? I hope not, because I am not in&nbsp;[Cry]&nbsp;","text":"Will gold still continue? I hope not, because I am not in [Cry]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/282813536235624","repostId":"281918360322144","repostType":1,"repost":{"id":281918360322144,"gmtCreate":1709856236194,"gmtModify":1709861607572,"author":{"id":"4102123614530830","authorId":"4102123614530830","name":"nerdbull1669","avatar":"https://community-static.tradeup.com/news/8ac2db9ff7976dac4aa567ce14027bd6","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4102123614530830","authorIdStr":"4102123614530830"},"themes":[],"title":"Trade GLD Around Gold's Confirmed Breakout! ","htmlText":"If you are an investor into precious metals, you would have noticed that Gold just has the breakout confirmed, this is from what I have seen from intraday as well as daily closing price. Gold Saw New Highs Due To Breakout At the time of this writing, gold price is trading at about $2,160.74, this is one of the all-time highs, which is slightly higher than the late-2023 high. If we look at the 4-HR intraday chart, we could see that Gold price is trying to stay above that level, so far it has been able to do it, but with RSI in the overbought region, we could be seeing more buying, it might not stay at this high for long. A confirmed breakout opens the door to higher prices, and since it was a breakout to new all-time highs, gold could move much higher in the medium term. SPDR Gold Shares (","listText":"If you are an investor into precious metals, you would have noticed that Gold just has the breakout confirmed, this is from what I have seen from intraday as well as daily closing price. Gold Saw New Highs Due To Breakout At the time of this writing, gold price is trading at about $2,160.74, this is one of the all-time highs, which is slightly higher than the late-2023 high. If we look at the 4-HR intraday chart, we could see that Gold price is trying to stay above that level, so far it has been able to do it, but with RSI in the overbought region, we could be seeing more buying, it might not stay at this high for long. A confirmed breakout opens the door to higher prices, and since it was a breakout to new all-time highs, gold could move much higher in the medium term. SPDR Gold Shares (","text":"If you are an investor into precious metals, you would have noticed that Gold just has the breakout confirmed, this is from what I have seen from intraday as well as daily closing price. Gold Saw New Highs Due To Breakout At the time of this writing, gold price is trading at about $2,160.74, this is one of the all-time highs, which is slightly higher than the late-2023 high. If we look at the 4-HR intraday chart, we could see that Gold price is trying to stay above that level, so far it has been able to do it, but with RSI in the overbought region, we could be seeing more buying, it might not stay at this high for long. A confirmed breakout opens the door to higher prices, and since it was a breakout to new all-time highs, gold could move much higher in the medium term. SPDR Gold Shares (","images":[{"img":"https://community-static.tradeup.com/news/151c4f40c60d171d74b2f253014ac376","width":"1258","height":"724"},{"img":"https://community-static.tradeup.com/news/5d6822ac0870607a1790614e8ea4d0d3","width":"1839","height":"789"},{"img":"https://community-static.tradeup.com/news/4f61a790bf85725ece020826f8d9b761","width":"1419","height":"604"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/281918360322144","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":5,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":457,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":281911667855560,"gmtCreate":1709854603800,"gmtModify":1709854607352,"author":{"id":"4145415254454072","authorId":"4145415254454072","name":"ATian","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4145415254454072","authorIdStr":"4145415254454072"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/281911667855560","repostId":"279214840176800","repostType":1,"repost":{"id":279214840176800,"gmtCreate":1709189298070,"gmtModify":1709189765752,"author":{"id":"3574252569958688","authorId":"3574252569958688","name":"alanyeo","avatar":"https://community-static.tradeup.com/news/c143ec51d09c45e31e9ff8dacb742087","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574252569958688","authorIdStr":"3574252569958688"},"themes":[],"title":"DBS: Baidu Inc – Buy Target Price HK$186","htmlText":"The research is done by the respective broker and I do not endorse any of them. Just sharing here for information and reading pleasure.&nbsp; https://alphaedgeinvesting.com/2024/02/29/dbs-baidu-inc-buy-target-price-hk186/ ‌<a href=\"https://laohu8.com/S/BIDU\">$Baidu(BIDU)$ &nbsp;</a>‌‌<a href=\"https://laohu8.com/S/09888\">$BIDU-SW(09888)$ &nbsp;</a>‌","listText":"The research is done by the respective broker and I do not endorse any of them. Just sharing here for information and reading pleasure.&nbsp; https://alphaedgeinvesting.com/2024/02/29/dbs-baidu-inc-buy-target-price-hk186/ ‌<a href=\"https://laohu8.com/S/BIDU\">$Baidu(BIDU)$ &nbsp;</a>‌‌<a href=\"https://laohu8.com/S/09888\">$BIDU-SW(09888)$ &nbsp;</a>‌","text":"The research is done by the respective broker and I do not endorse any of them. Just sharing here for information and reading pleasure. https://alphaedgeinvesting.com/2024/02/29/dbs-baidu-inc-buy-target-price-hk186/ ‌$Baidu(BIDU)$ ‌‌$BIDU-SW(09888)$ ‌","images":[],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/279214840176800","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":170,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":244757718929544,"gmtCreate":1700779328338,"gmtModify":1700779332775,"author":{"id":"4145415254454072","authorId":"4145415254454072","name":"ATian","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4145415254454072","authorIdStr":"4145415254454072"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/244757718929544","repostId":"2385623058","repostType":2,"isVote":1,"tweetType":1,"viewCount":474,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":240171572326608,"gmtCreate":1699654602361,"gmtModify":1699654605507,"author":{"id":"4145415254454072","authorId":"4145415254454072","name":"ATian","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4145415254454072","authorIdStr":"4145415254454072"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/240171572326608","repostId":"239476813279240","repostType":1,"repost":{"id":239476813279240,"gmtCreate":1699502703430,"gmtModify":1699503361103,"author":{"id":"4141429963588842","authorId":"4141429963588842","name":"TigerGPT","avatar":"https://community-static.tradeup.com/news/5b82af1deb17dfa8f94b4741b9ea2738","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4141429963588842","authorIdStr":"4141429963588842"},"themes":[],"title":"Beyond Meat (BYND) Q3 2023 Earnings Call Transcript Summary","htmlText":"In the recent earnings call for Beyond Meat, Inc. (BYND), both bullish and bearish points were discussed. Here is a summary of the specific viewpoints from the call: Bullish Points: 1. Reduced cost of goods sold by 18% year over year 2. Achieved free cash flow positive operations for the quarter 3. Continuing progress on COGS reductions 4. Intensifying focus on channels and geographies exhibiting revenue growth 5. Year-over-year double-digit growth in select markets in Europe 6. Partnerships and affiliations with American Heart Association and American Cancer Society 7. Announcement of additional certifications and partnerships in 2024 8. Teaming up with authentic voices to counter false narratives and educate consumers 9. Growth in specific geographies and channels, including the EU 10. S","listText":"In the recent earnings call for Beyond Meat, Inc. (BYND), both bullish and bearish points were discussed. Here is a summary of the specific viewpoints from the call: Bullish Points: 1. Reduced cost of goods sold by 18% year over year 2. Achieved free cash flow positive operations for the quarter 3. Continuing progress on COGS reductions 4. Intensifying focus on channels and geographies exhibiting revenue growth 5. Year-over-year double-digit growth in select markets in Europe 6. Partnerships and affiliations with American Heart Association and American Cancer Society 7. Announcement of additional certifications and partnerships in 2024 8. Teaming up with authentic voices to counter false narratives and educate consumers 9. Growth in specific geographies and channels, including the EU 10. S","text":"In the recent earnings call for Beyond Meat, Inc. (BYND), both bullish and bearish points were discussed. Here is a summary of the specific viewpoints from the call: Bullish Points: 1. Reduced cost of goods sold by 18% year over year 2. Achieved free cash flow positive operations for the quarter 3. Continuing progress on COGS reductions 4. Intensifying focus on channels and geographies exhibiting revenue growth 5. Year-over-year double-digit growth in select markets in Europe 6. Partnerships and affiliations with American Heart Association and American Cancer Society 7. Announcement of additional certifications and partnerships in 2024 8. Teaming up with authentic voices to counter false narratives and educate consumers 9. Growth in specific geographies and channels, including the EU 10. S","images":[],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/239476813279240","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":491,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":237688949633064,"gmtCreate":1699065067027,"gmtModify":1699065070687,"author":{"id":"4145415254454072","authorId":"4145415254454072","name":"ATian","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4145415254454072","authorIdStr":"4145415254454072"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/237688949633064","repostId":"2380679921","repostType":2,"repost":{"id":"2380679921","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1699055909,"share":"https://ttm.financial/m/news/2380679921?lang=&edition=fundamental","pubTime":"2023-11-04 07:58","market":"us","language":"en","title":"Charlie Munger Muses on Investing","url":"https://stock-news.laohu8.com/highlight/detail?id=2380679921","media":"Dow Jones","summary":"Charlie Munger still isn't afraid to call it like he sees it.The Berkshire Hathaway vice chairman and longtime business partner of Warren Buffett spent two hours on a recent morning chatting with this Wall Street Journal reporter in his home in Los Angeles. Seated in his library, the 99-year-old Munger mused on everything from index funds and cryptocurrency to how investing has changed.Munger and Buffett, who are viewed as two of the best investors of all time, built Berkshire into a behemoth with a roughly $350 billion stock portfolio and $150 billion war chest. They will again be in the spotlight Saturday when Berkshire reports its third-quarter financial results.A: It's at least 50/50. Venture capital has made it so difficult for everybody. They keep bidding the prices up and up and up, and of course that makes the results go down, down and down.He doesn't design his own electric motors and his egg beater.","content":"<html><head></head><body><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8f04a3d7898d2292ac94233e0aab3373\" tg-width=\"1000\" tg-height=\"1250\"/></p><p>Charlie Munger still isn&#39;t afraid to call it like he sees it.</p><p>The Berkshire Hathaway vice chairman and longtime business partner of Warren Buffett spent two hours on a recent morning chatting with this Wall Street Journal reporter in his home in Los Angeles. Seated in his library, the 99-year-old Munger mused on everything from index funds and cryptocurrency to how investing has changed.</p><p>Munger and Buffett, who are viewed as two of the best investors of all time, built Berkshire into a behemoth with a roughly $350 billion stock portfolio and $150 billion war chest. They will again be in the spotlight Saturday when Berkshire reports its third-quarter financial results.</p><p><strong>Here is an edited selection of highlights from the interview:</strong></p><p><strong>Q: Do you think Berkshire Hathaway will make another big acquisition under you and Warren Buffett?</strong></p><p>A: It&#39;s at least 50/50. Venture capital has made it so difficult for everybody. They keep bidding the prices up and up and up, and of course that makes the results go down, down and down.</p><p><strong>Q: If you were starting out today as an investor, are there any things you would do differently than you did back in the 1960s?</strong></p><p>A: Conditions were quite different then, and there were a lot of what we used to call loaded laggards.... There were two or three times as much in assets per-share value as there was in stock-market value per share. Ben Graham taught us all to buy that kind of stuff. It was underpriced, and hold it as long as it was underpriced, then sell it when the price got more normal and buy another undervalued asset. And you could do that for about four decades in the aftermath of the 1930s Great Depression. That&#39;s gone, all of that low-hanging fruit.</p><p>I think that the modern investor, to get ahead, almost has to get in a few stocks that are way above average.... They try and have a few Apples or Googles or so on, just to keep up, because they know that a significant percentage of all the gains that come to all the common stockholders combined is going to come from a few of these super competitors.</p><p><strong>Q: If you were starting a business today, what would it be?</strong></p><p>A: I like stock picking because it kind of reminds me of hunting and fishing. Any day you can have a new thing that might be interesting.... But I think fewer and fewer people are really needed in stock picking. Mostly it&#39;s charlatanism to charge 3 percentage points per year or something like that to manage somebody else&#39;s money.</p><p>Most people probably shouldn&#39;t do anything other than have index funds.... That is a perfectly rational thing to do for somebody who just doesn&#39;t want to think much about it and has no reason to think he has any advantage as a stock picker. Why should he try and pick his own stocks? He doesn&#39;t design his own electric motors and his egg beater.</p><p><strong>Q: Do you ever worry that the success that you and Warren Buffett have enjoyed has contributed to the rise of the stock-picking profession?</strong></p><p>A: Of course I worry about that. And I have tried not to be.... I&#39;m not the guy that&#39;s using his money to buy a big yacht, who flies his own jet airplane so he can be in the Mediterranean in the season, and so on and so on.</p><p>I&#39;m not being a big excessive spender. And I prefer my less-expensive way of life.... Who in the hell with my wealth lives in the same house he built 70 years ago?</p><p><strong>Q: The price of bitcoin has been rocketing higher again. Is that something that concerns you?</strong></p><p>A: Of course it concerns me. I have a lot of very simple fundamental ideas that I think every educated person ought to have. Those ideas include what Adam Smith taught everybody.... You&#39;ve got a huge increase in what I would call civilization per capita. And it happened automatically just because people take better care of their own property than they take care of somebody else&#39;s property.... In order to get the Smithian results, you need a currency to facilitate exchanges. And to make the currency respected widely, the trick we&#39;ve used is the sovereign issues it.</p><p>The only way to get from hunter-gathering to civilization that we know of that&#39;s ever worked is to have a strong currency. It can be seashells, it can be corn kernels, it can be a lot of things. It can be gold coins, it can be promises in banking systems like we have in the United States and England and so on.</p><p>When you start creating an artificial currency...you&#39;re throwing your stink ball into a recipe that&#39;s been around for a long time, that&#39;s worked very well for a lot of people.</p><p><strong>Q: Government regulators have recently sued Amazon, claiming that it wields monopoly power, while Google is facing an antitrust case. In your opinion should the government break up any of the big U.S. tech companies?</strong></p><p>A: I would not break them up. I don&#39;t consider it all that significant. They&#39;ve got their little niches. Microsoft maybe has a nice niche, but it doesn&#39;t own the earth. I like these high-tech companies. I think capitalism should expect to get a few big winners by accident.</p><p><strong>Q: Is there anything you&#39;ve learned recently from the books you&#39;ve read?</strong></p><p>A: I think I learn a little something from...everything I&#39;ve read. I think that one of the reasons I was as economically successful as I was in life is because I read so damn much all my life, starting when I was about six years old. I don&#39;t know how to get smart without reading a lot.</p><p><strong>Q: You&#39;ve spoken about the importance of psychology in investing. Is there a cognitive bias that you think is particularly significant in the markets today?</strong></p><p>A: There are lots of cognitive biases that are very significant. One is the constant tendency to overrate your own intelligence and skills in deciding what to do and what not to do.</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>Charlie Munger Muses on Investing</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\">\nCharlie Munger Muses on Investing\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2023-11-04 07:58</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8f04a3d7898d2292ac94233e0aab3373\" tg-width=\"1000\" tg-height=\"1250\"/></p><p>Charlie Munger still isn&#39;t afraid to call it like he sees it.</p><p>The Berkshire Hathaway vice chairman and longtime business partner of Warren Buffett spent two hours on a recent morning chatting with this Wall Street Journal reporter in his home in Los Angeles. Seated in his library, the 99-year-old Munger mused on everything from index funds and cryptocurrency to how investing has changed.</p><p>Munger and Buffett, who are viewed as two of the best investors of all time, built Berkshire into a behemoth with a roughly $350 billion stock portfolio and $150 billion war chest. They will again be in the spotlight Saturday when Berkshire reports its third-quarter financial results.</p><p><strong>Here is an edited selection of highlights from the interview:</strong></p><p><strong>Q: Do you think Berkshire Hathaway will make another big acquisition under you and Warren Buffett?</strong></p><p>A: It&#39;s at least 50/50. Venture capital has made it so difficult for everybody. They keep bidding the prices up and up and up, and of course that makes the results go down, down and down.</p><p><strong>Q: If you were starting out today as an investor, are there any things you would do differently than you did back in the 1960s?</strong></p><p>A: Conditions were quite different then, and there were a lot of what we used to call loaded laggards.... There were two or three times as much in assets per-share value as there was in stock-market value per share. Ben Graham taught us all to buy that kind of stuff. It was underpriced, and hold it as long as it was underpriced, then sell it when the price got more normal and buy another undervalued asset. And you could do that for about four decades in the aftermath of the 1930s Great Depression. That&#39;s gone, all of that low-hanging fruit.</p><p>I think that the modern investor, to get ahead, almost has to get in a few stocks that are way above average.... They try and have a few Apples or Googles or so on, just to keep up, because they know that a significant percentage of all the gains that come to all the common stockholders combined is going to come from a few of these super competitors.</p><p><strong>Q: If you were starting a business today, what would it be?</strong></p><p>A: I like stock picking because it kind of reminds me of hunting and fishing. Any day you can have a new thing that might be interesting.... But I think fewer and fewer people are really needed in stock picking. Mostly it&#39;s charlatanism to charge 3 percentage points per year or something like that to manage somebody else&#39;s money.</p><p>Most people probably shouldn&#39;t do anything other than have index funds.... That is a perfectly rational thing to do for somebody who just doesn&#39;t want to think much about it and has no reason to think he has any advantage as a stock picker. Why should he try and pick his own stocks? He doesn&#39;t design his own electric motors and his egg beater.</p><p><strong>Q: Do you ever worry that the success that you and Warren Buffett have enjoyed has contributed to the rise of the stock-picking profession?</strong></p><p>A: Of course I worry about that. And I have tried not to be.... I&#39;m not the guy that&#39;s using his money to buy a big yacht, who flies his own jet airplane so he can be in the Mediterranean in the season, and so on and so on.</p><p>I&#39;m not being a big excessive spender. And I prefer my less-expensive way of life.... Who in the hell with my wealth lives in the same house he built 70 years ago?</p><p><strong>Q: The price of bitcoin has been rocketing higher again. Is that something that concerns you?</strong></p><p>A: Of course it concerns me. I have a lot of very simple fundamental ideas that I think every educated person ought to have. Those ideas include what Adam Smith taught everybody.... You&#39;ve got a huge increase in what I would call civilization per capita. And it happened automatically just because people take better care of their own property than they take care of somebody else&#39;s property.... In order to get the Smithian results, you need a currency to facilitate exchanges. And to make the currency respected widely, the trick we&#39;ve used is the sovereign issues it.</p><p>The only way to get from hunter-gathering to civilization that we know of that&#39;s ever worked is to have a strong currency. It can be seashells, it can be corn kernels, it can be a lot of things. It can be gold coins, it can be promises in banking systems like we have in the United States and England and so on.</p><p>When you start creating an artificial currency...you&#39;re throwing your stink ball into a recipe that&#39;s been around for a long time, that&#39;s worked very well for a lot of people.</p><p><strong>Q: Government regulators have recently sued Amazon, claiming that it wields monopoly power, while Google is facing an antitrust case. In your opinion should the government break up any of the big U.S. tech companies?</strong></p><p>A: I would not break them up. I don&#39;t consider it all that significant. They&#39;ve got their little niches. Microsoft maybe has a nice niche, but it doesn&#39;t own the earth. I like these high-tech companies. I think capitalism should expect to get a few big winners by accident.</p><p><strong>Q: Is there anything you&#39;ve learned recently from the books you&#39;ve read?</strong></p><p>A: I think I learn a little something from...everything I&#39;ve read. I think that one of the reasons I was as economically successful as I was in life is because I read so damn much all my life, starting when I was about six years old. I don&#39;t know how to get smart without reading a lot.</p><p><strong>Q: You&#39;ve spoken about the importance of psychology in investing. Is there a cognitive bias that you think is particularly significant in the markets today?</strong></p><p>A: There are lots of cognitive biases that are very significant. One is the constant tendency to overrate your own intelligence and skills in deciding what to do and what not to do.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4176":"多领域控股","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","LU0234572021.USD":"高盛美国核心股票组合Acc","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","LU0251142724.SGD":"Fidelity America A-SGD","BK4533":"AQR资本管理(全球第二大对冲基金)","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","BK4550":"红杉资本持仓","LU0971096721.USD":"富达环球金融服务 A","BK4588":"碎股","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","LU0149725797.USD":"汇丰美国股市经济规模基金","LU0048573561.USD":"FIDELITY AMERICA \"A\" (USD) INC","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","LU0742534661.SGD":"Fidelity America A-SGD (hedged)","LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","BRK.A":"伯克希尔","BK4581":"高盛持仓","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","BRK.B":"伯克希尔B","LU0234570918.USD":"高盛全球核心股票组合Acc Close","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2380679921","content_text":"Charlie Munger still isn't afraid to call it like he sees it.The Berkshire Hathaway vice chairman and longtime business partner of Warren Buffett spent two hours on a recent morning chatting with this Wall Street Journal reporter in his home in Los Angeles. Seated in his library, the 99-year-old Munger mused on everything from index funds and cryptocurrency to how investing has changed.Munger and Buffett, who are viewed as two of the best investors of all time, built Berkshire into a behemoth with a roughly $350 billion stock portfolio and $150 billion war chest. They will again be in the spotlight Saturday when Berkshire reports its third-quarter financial results.Here is an edited selection of highlights from the interview:Q: Do you think Berkshire Hathaway will make another big acquisition under you and Warren Buffett?A: It's at least 50/50. Venture capital has made it so difficult for everybody. They keep bidding the prices up and up and up, and of course that makes the results go down, down and down.Q: If you were starting out today as an investor, are there any things you would do differently than you did back in the 1960s?A: Conditions were quite different then, and there were a lot of what we used to call loaded laggards.... There were two or three times as much in assets per-share value as there was in stock-market value per share. Ben Graham taught us all to buy that kind of stuff. It was underpriced, and hold it as long as it was underpriced, then sell it when the price got more normal and buy another undervalued asset. And you could do that for about four decades in the aftermath of the 1930s Great Depression. That's gone, all of that low-hanging fruit.I think that the modern investor, to get ahead, almost has to get in a few stocks that are way above average.... They try and have a few Apples or Googles or so on, just to keep up, because they know that a significant percentage of all the gains that come to all the common stockholders combined is going to come from a few of these super competitors.Q: If you were starting a business today, what would it be?A: I like stock picking because it kind of reminds me of hunting and fishing. Any day you can have a new thing that might be interesting.... But I think fewer and fewer people are really needed in stock picking. Mostly it's charlatanism to charge 3 percentage points per year or something like that to manage somebody else's money.Most people probably shouldn't do anything other than have index funds.... That is a perfectly rational thing to do for somebody who just doesn't want to think much about it and has no reason to think he has any advantage as a stock picker. Why should he try and pick his own stocks? He doesn't design his own electric motors and his egg beater.Q: Do you ever worry that the success that you and Warren Buffett have enjoyed has contributed to the rise of the stock-picking profession?A: Of course I worry about that. And I have tried not to be.... I'm not the guy that's using his money to buy a big yacht, who flies his own jet airplane so he can be in the Mediterranean in the season, and so on and so on.I'm not being a big excessive spender. And I prefer my less-expensive way of life.... Who in the hell with my wealth lives in the same house he built 70 years ago?Q: The price of bitcoin has been rocketing higher again. Is that something that concerns you?A: Of course it concerns me. I have a lot of very simple fundamental ideas that I think every educated person ought to have. Those ideas include what Adam Smith taught everybody.... You've got a huge increase in what I would call civilization per capita. And it happened automatically just because people take better care of their own property than they take care of somebody else's property.... In order to get the Smithian results, you need a currency to facilitate exchanges. And to make the currency respected widely, the trick we've used is the sovereign issues it.The only way to get from hunter-gathering to civilization that we know of that's ever worked is to have a strong currency. It can be seashells, it can be corn kernels, it can be a lot of things. It can be gold coins, it can be promises in banking systems like we have in the United States and England and so on.When you start creating an artificial currency...you're throwing your stink ball into a recipe that's been around for a long time, that's worked very well for a lot of people.Q: Government regulators have recently sued Amazon, claiming that it wields monopoly power, while Google is facing an antitrust case. In your opinion should the government break up any of the big U.S. tech companies?A: I would not break them up. I don't consider it all that significant. They've got their little niches. Microsoft maybe has a nice niche, but it doesn't own the earth. I like these high-tech companies. I think capitalism should expect to get a few big winners by accident.Q: Is there anything you've learned recently from the books you've read?A: I think I learn a little something from...everything I've read. I think that one of the reasons I was as economically successful as I was in life is because I read so damn much all my life, starting when I was about six years old. I don't know how to get smart without reading a lot.Q: You've spoken about the importance of psychology in investing. Is there a cognitive bias that you think is particularly significant in the markets today?A: There are lots of cognitive biases that are very significant. One is the constant tendency to overrate your own intelligence and skills in deciding what to do and what not to do.","news_type":1},"isVote":1,"tweetType":1,"viewCount":414,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":230967427326240,"gmtCreate":1697430428329,"gmtModify":1697430432986,"author":{"id":"4145415254454072","authorId":"4145415254454072","name":"ATian","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4145415254454072","authorIdStr":"4145415254454072"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/230967427326240","repostId":"207945288392720","repostType":1,"repost":{"id":207945288392720,"gmtCreate":1691795961733,"gmtModify":1691801423502,"author":{"id":"4141429963588842","authorId":"4141429963588842","name":"TigerGPT","avatar":"https://community-static.tradeup.com/news/5b82af1deb17dfa8f94b4741b9ea2738","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4141429963588842","authorIdStr":"4141429963588842"},"themes":[],"title":"Beyond Meat, Inc.(BYND) 2023Q2 Earnings Summary","htmlText":"Bullish Points: 1. Net revenue growth drivers include increased penetration across retail and foodservice channels, strong partnerships with global QSR restaurants, distribution expansion, increased international sales, operational effectiveness, product innovation, and enhanced marketing efforts. 2. Gross profit and gross margin improvements are expected through various strategies, including lean value streams, reduced manufacturing costs, network consolidation, and supply chain logistics improvements. 3. The company is testing alternative plant-based proteins for product innovation and seeking more easily sourced ingredients. 4. Beyond Meat branded products were available at approximately 190,000 retail and foodservice outlets in more than 75 countries as of June 2023. 5. The company is","listText":"Bullish Points: 1. Net revenue growth drivers include increased penetration across retail and foodservice channels, strong partnerships with global QSR restaurants, distribution expansion, increased international sales, operational effectiveness, product innovation, and enhanced marketing efforts. 2. Gross profit and gross margin improvements are expected through various strategies, including lean value streams, reduced manufacturing costs, network consolidation, and supply chain logistics improvements. 3. The company is testing alternative plant-based proteins for product innovation and seeking more easily sourced ingredients. 4. Beyond Meat branded products were available at approximately 190,000 retail and foodservice outlets in more than 75 countries as of June 2023. 5. The company is","text":"Bullish Points: 1. Net revenue growth drivers include increased penetration across retail and foodservice channels, strong partnerships with global QSR restaurants, distribution expansion, increased international sales, operational effectiveness, product innovation, and enhanced marketing efforts. 2. Gross profit and gross margin improvements are expected through various strategies, including lean value streams, reduced manufacturing costs, network consolidation, and supply chain logistics improvements. 3. The company is testing alternative plant-based proteins for product innovation and seeking more easily sourced ingredients. 4. Beyond Meat branded products were available at approximately 190,000 retail and foodservice outlets in more than 75 countries as of June 2023. 5. The company is","images":[],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/207945288392720","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":125,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":229519558820088,"gmtCreate":1697076838859,"gmtModify":1697076842519,"author":{"id":"4145415254454072","authorId":"4145415254454072","name":"ATian","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4145415254454072","authorIdStr":"4145415254454072"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/229519558820088","repostId":"2357243262","repostType":2,"isVote":1,"tweetType":1,"viewCount":181,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":215567424844024,"gmtCreate":1693659482788,"gmtModify":1693659487861,"author":{"id":"4145415254454072","authorId":"4145415254454072","name":"ATian","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4145415254454072","authorIdStr":"4145415254454072"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/215567424844024","repostId":"2364201482","repostType":2,"repost":{"id":"2364201482","pubTimestamp":1693625734,"share":"https://ttm.financial/m/news/2364201482?lang=&edition=fundamental","pubTime":"2023-09-02 11:35","market":"us","language":"en","title":"Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought","url":"https://stock-news.laohu8.com/highlight/detail?id=2364201482","media":"Motley Fool","summary":"The widely followed growth investor went stock shopping on the final trading day in August.","content":"<html><head></head><body><p>There is some good news and bad news for fans of Cathie Wood. The good news for the co-founder CEO of the Ark Invest family of exchange-traded funds (ETFs) is that her largest fund -- with more than $9 billion in assets -- is rolling in 2023. It&#39;s up 40% so far this year, more than doubling the market&#39;s healthy return. After sliding badly in 2021 and 2022, Wood is back on top. </p><p>The bad news is that she&#39;s not all the way back on top. The ETF is still 73% below its all-time high set in early 2021. It&#39;s also retreated 15% from its recent summertime high. </p><p>She&#39;s making moves to get back on top. What&#39;s she buying? Wood added to her existing stakes in <strong>Palantir Technologies</strong>, <strong>Intellia Therapeutics</strong>, and <strong>Accolade</strong> on Thursday. Let&#39;s take a closer look. </p><h2 id=\"id_2985336113\">1. Palantir Technologies</h2><p>Shares of Palantir took an 8% hit on Thursday, and we know that Wood doesn&#39;t shy away from some of her favorite stocks when they take a hit. It&#39;s often a buying opportunity. </p><p>The software builder for the intelligence community was on the receiving end of a problematic analyst downgrade on Thursday. <strong>Morgan Stanley</strong> lowered its rating from equal weight to underweight, concerned that the stock&#39;s surge this year is being fueled by artificial intelligence (AI) hype that may be overly optimistic.</p><p>Palantir stock has more than doubled in 2023, up 133% even after Thursday&#39;s retreat. Morgan Stanley is bumping its price target up from $8 to $9, but the shares would have to plunge 40% to get to the fresh price goal. Palantir is now profitable, but revenue growth is decelerating for the third consecutive year.</p><p>Palantir has succeeded in growing its customer base beyond its initial core of federal agencies as well as state and local governments. Its platform is proving appealing to private businesses, particularly in the financial and healthcare markets. There are worse things than growing revenue at a 13% clip in this operating climate, but it&#39;s going to have to step on the accelerator if it wants to keep building on this year&#39;s strong gains.</p><h2 id=\"id_4143727786\">2. Intellia Therapeutics</h2><p>Wood has a penchant for disruptive growth stocks, and it doesn&#39;t have to be mainstream tech plays. Intellia Therapeutics is a gene-editing stock, and it&#39;s so small that Wood already owns nearly 10% of its outstanding shares. It&#39;s a big bet on a stock with a modest $3.3 billion market cap. With a strong net-cash position on its balance sheet, Intellia&#39;s enterprise value drops down to $2.4 billion. If Wood decides to move on from Intellia it won&#39;t be easy to clear out of its significant stake without moving the stock.</p><p>Patience is the play here. Intellia is still in early clinical-phase trials for a couple of promising gene-editing therapies. It will take time for one or both plays to pay off, and that&#39;s where the strong cash position helps. Analysts don&#39;t see Intellia turning a profit until 2027, and by then they&#39;re modeling revenue to climb 15-fold from where it is now. </p><h2 id=\"id_4283381615\">3. Accolade</h2><p>Finally we have Wood buying more Accolade. The healthcare benefits specialist is moving up. It posted a loss on a mere 9% increase in revenue in its latest quarter, but that was better than expected on both ends of its income statement. It also boosted its guidance, giving it a classic &#34;beat and raise&#34; performance this summer.</p><p>At least six analysts would go on to jack up their price targets on Accolade following the report at the end of June. Wall Street is encouraged by strong demand for Accolade&#39;s offerings and its encouraging pipeline as it navigates its way to eventual profitability. The market sees revenue growth accelerating for the balance of this fiscal year as well as next year. The stock has soared 73% in 2023, but Wood naturally thinks Accolade is just starting to earn its accolades.</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>Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought</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\">\nCathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-09-02 11:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2023/09/01/cathie-wood-goes-bargain-hunting-3-stocks-she-just/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>There is some good news and bad news for fans of Cathie Wood. The good news for the co-founder CEO of the Ark Invest family of exchange-traded funds (ETFs) is that her largest fund -- with more than $...</p>\n\n<a href=\"https://www.fool.com/investing/2023/09/01/cathie-wood-goes-bargain-hunting-3-stocks-she-just/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NTLA":"Intellia Therapeutics Inc","ACCD":"Accolade, Inc.","PLTR":"Palantir Technologies Inc."},"source_url":"https://www.fool.com/investing/2023/09/01/cathie-wood-goes-bargain-hunting-3-stocks-she-just/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2364201482","content_text":"There is some good news and bad news for fans of Cathie Wood. The good news for the co-founder CEO of the Ark Invest family of exchange-traded funds (ETFs) is that her largest fund -- with more than $9 billion in assets -- is rolling in 2023. It's up 40% so far this year, more than doubling the market's healthy return. After sliding badly in 2021 and 2022, Wood is back on top. The bad news is that she's not all the way back on top. The ETF is still 73% below its all-time high set in early 2021. It's also retreated 15% from its recent summertime high. She's making moves to get back on top. What's she buying? Wood added to her existing stakes in Palantir Technologies, Intellia Therapeutics, and Accolade on Thursday. Let's take a closer look. 1. Palantir TechnologiesShares of Palantir took an 8% hit on Thursday, and we know that Wood doesn't shy away from some of her favorite stocks when they take a hit. It's often a buying opportunity. The software builder for the intelligence community was on the receiving end of a problematic analyst downgrade on Thursday. Morgan Stanley lowered its rating from equal weight to underweight, concerned that the stock's surge this year is being fueled by artificial intelligence (AI) hype that may be overly optimistic.Palantir stock has more than doubled in 2023, up 133% even after Thursday's retreat. Morgan Stanley is bumping its price target up from $8 to $9, but the shares would have to plunge 40% to get to the fresh price goal. Palantir is now profitable, but revenue growth is decelerating for the third consecutive year.Palantir has succeeded in growing its customer base beyond its initial core of federal agencies as well as state and local governments. Its platform is proving appealing to private businesses, particularly in the financial and healthcare markets. There are worse things than growing revenue at a 13% clip in this operating climate, but it's going to have to step on the accelerator if it wants to keep building on this year's strong gains.2. Intellia TherapeuticsWood has a penchant for disruptive growth stocks, and it doesn't have to be mainstream tech plays. Intellia Therapeutics is a gene-editing stock, and it's so small that Wood already owns nearly 10% of its outstanding shares. It's a big bet on a stock with a modest $3.3 billion market cap. With a strong net-cash position on its balance sheet, Intellia's enterprise value drops down to $2.4 billion. If Wood decides to move on from Intellia it won't be easy to clear out of its significant stake without moving the stock.Patience is the play here. Intellia is still in early clinical-phase trials for a couple of promising gene-editing therapies. It will take time for one or both plays to pay off, and that's where the strong cash position helps. Analysts don't see Intellia turning a profit until 2027, and by then they're modeling revenue to climb 15-fold from where it is now. 3. AccoladeFinally we have Wood buying more Accolade. The healthcare benefits specialist is moving up. It posted a loss on a mere 9% increase in revenue in its latest quarter, but that was better than expected on both ends of its income statement. It also boosted its guidance, giving it a classic \"beat and raise\" performance this summer.At least six analysts would go on to jack up their price targets on Accolade following the report at the end of June. Wall Street is encouraged by strong demand for Accolade's offerings and its encouraging pipeline as it navigates its way to eventual profitability. The market sees revenue growth accelerating for the balance of this fiscal year as well as next year. The stock has soared 73% in 2023, but Wood naturally thinks Accolade is just starting to earn its accolades.","news_type":1},"isVote":1,"tweetType":1,"viewCount":174,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":214444736819424,"gmtCreate":1693394329163,"gmtModify":1693394333226,"author":{"id":"4145415254454072","authorId":"4145415254454072","name":"ATian","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4145415254454072","authorIdStr":"4145415254454072"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/214444736819424","repostId":"2363467045","repostType":2,"isVote":1,"tweetType":1,"viewCount":131,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":208760275496984,"gmtCreate":1691990828834,"gmtModify":1691990832932,"author":{"id":"4145415254454072","authorId":"4145415254454072","name":"ATian","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4145415254454072","authorIdStr":"4145415254454072"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/208760275496984","repostId":"2359003917","repostType":2,"isVote":1,"tweetType":1,"viewCount":178,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":207583351853280,"gmtCreate":1691708298063,"gmtModify":1691708301491,"author":{"id":"4145415254454072","authorId":"4145415254454072","name":"ATian","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4145415254454072","authorIdStr":"4145415254454072"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/207583351853280","repostId":"207445548650528","repostType":1,"repost":{"id":207445548650528,"gmtCreate":1691674019434,"gmtModify":1691674087560,"author":{"id":"4102740236684050","authorId":"4102740236684050","name":"MaverickWealthBuilder","avatar":"https://community-static.tradeup.com/news/bbf0f514b8e5abb92266789b89f6e1e6","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4102740236684050","authorIdStr":"4102740236684050"},"themes":[],"title":"Maybe Alibaba's Most Important Earnings Ever: Why Should I Invest Here?","htmlText":"<a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$</a> has released its Q1 financial report for the 24th fiscal year, showing progress in open source and a comprehensive recovery in business while further improving profit margins. <a href=\"https://ttm.financial/S/09988\">$Alibaba(09988)$</a> SummaryChina's e-commerce business has achieved double-digit growth after being quiet for five quarters, but profit margins have declined due to industry competition and downward CPI;International e-commerce achieved its highest growth rate ever at 43.8%, benefiting from cooperation with \"One Belt, One Road\" countries and the easing competition in Southeast Asian subsidiaries;The strong e-commerce business also led to Cainiao Logistics turning losses into profits;Local life and digital entertainment","listText":"<a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$</a> has released its Q1 financial report for the 24th fiscal year, showing progress in open source and a comprehensive recovery in business while further improving profit margins. <a href=\"https://ttm.financial/S/09988\">$Alibaba(09988)$</a> SummaryChina's e-commerce business has achieved double-digit growth after being quiet for five quarters, but profit margins have declined due to industry competition and downward CPI;International e-commerce achieved its highest growth rate ever at 43.8%, benefiting from cooperation with \"One Belt, One Road\" countries and the easing competition in Southeast Asian subsidiaries;The strong e-commerce business also led to Cainiao Logistics turning losses into profits;Local life and digital entertainment","text":"$Alibaba(BABA)$ has released its Q1 financial report for the 24th fiscal year, showing progress in open source and a comprehensive recovery in business while further improving profit margins. $Alibaba(09988)$ SummaryChina's e-commerce business has achieved double-digit growth after being quiet for five quarters, but profit margins have declined due to industry competition and downward CPI;International e-commerce achieved its highest growth rate ever at 43.8%, benefiting from cooperation with \"One Belt, One Road\" countries and the easing competition in Southeast Asian subsidiaries;The strong e-commerce business also led to Cainiao Logistics turning losses into profits;Local life and digital entertainment","images":[{"img":"https://static.tigerbbs.com/817b57afaf287d7f6422cc34e34d14e8","width":"750","height":"450"},{"img":"https://static.tigerbbs.com/67fb4082d5eddc5c36b3b1fe6ecbee27","width":"800","height":"480"},{"img":"https://static.tigerbbs.com/eb88fffe9098963ff76bfee6a061837f","width":"750","height":"450"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/207445548650528","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":8,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":179,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":207583009526000,"gmtCreate":1691708232672,"gmtModify":1691708236093,"author":{"id":"4145415254454072","authorId":"4145415254454072","name":"ATian","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4145415254454072","authorIdStr":"4145415254454072"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/207583009526000","repostId":"207265752035528","repostType":1,"repost":{"id":207265752035528,"gmtCreate":1691631166396,"gmtModify":1691631172373,"author":{"id":"4152977907293352","authorId":"4152977907293352","name":"Stock Trader","avatar":"https://community-static.tradeup.com/news/d0890f612db986f112d211772cd35106","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4152977907293352","authorIdStr":"4152977907293352"},"themes":[],"title":"Visa Inc.","htmlText":"Current trend The shares of Visa Inc., the largest American multinational company providing payment transaction services, are correcting at the level of 239.00. The financial report for Q3 was considered positive by experts, as the company managed to increase both revenue and net profit: adjusted earnings per share amounted to 2.16 dollars compared to the forecast 2.11 dollars, and revenue — 8.1B dollars with preliminary estimates of 8.06B dollars. At the same time, the volume of cross-border payments in the reporting period was fixed at 22.0%. Against this background, analysts of the financial conglomerate Morgan Stanley raised the target price for the issuer's shares by 2.0 dollars to 292.0 dollars. According to analysts, the positive trend will continue due to an increase in internation","listText":"Current trend The shares of Visa Inc., the largest American multinational company providing payment transaction services, are correcting at the level of 239.00. The financial report for Q3 was considered positive by experts, as the company managed to increase both revenue and net profit: adjusted earnings per share amounted to 2.16 dollars compared to the forecast 2.11 dollars, and revenue — 8.1B dollars with preliminary estimates of 8.06B dollars. At the same time, the volume of cross-border payments in the reporting period was fixed at 22.0%. Against this background, analysts of the financial conglomerate Morgan Stanley raised the target price for the issuer's shares by 2.0 dollars to 292.0 dollars. According to analysts, the positive trend will continue due to an increase in internation","text":"Current trend The shares of Visa Inc., the largest American multinational company providing payment transaction services, are correcting at the level of 239.00. The financial report for Q3 was considered positive by experts, as the company managed to increase both revenue and net profit: adjusted earnings per share amounted to 2.16 dollars compared to the forecast 2.11 dollars, and revenue — 8.1B dollars with preliminary estimates of 8.06B dollars. At the same time, the volume of cross-border payments in the reporting period was fixed at 22.0%. Against this background, analysts of the financial conglomerate Morgan Stanley raised the target price for the issuer's shares by 2.0 dollars to 292.0 dollars. According to analysts, the positive trend will continue due to an increase in internation","images":[],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/207265752035528","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":122,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":207429405622336,"gmtCreate":1691670592312,"gmtModify":1691670595684,"author":{"id":"4145415254454072","authorId":"4145415254454072","name":"ATian","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4145415254454072","authorIdStr":"4145415254454072"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share 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would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/206210179698912","repostId":"2357928461","repostType":2,"repost":{"id":"2357928461","pubTimestamp":1691184059,"share":"https://ttm.financial/m/news/2357928461?lang=&edition=fundamental","pubTime":"2023-08-05 05:20","market":"hk","language":"en","title":"Dow, S&P 500 snap 3-week winning streak as stocks fall after U.S. ...","url":"https://stock-news.laohu8.com/highlight/detail?id=2357928461","media":"Morningstar","summary":"Dow, S&P 500 snap 3-week winning streak as stocks fall after U.S. ...","content":"<div>\n<p>Dow, S&P 500 snap 3-week winning streak as stocks fall after U.S. ...</p>\n\n<a href=\"https://news.google.com/rss/articles/CBMilAFodHRwczovL3d3dy5tb3JuaW5nc3Rhci5jb20vbmV3cy9tYXJrZXR3YXRjaC8yMDIzMDgwNDc0OS9kb3ctc3AtNTAwLXNuYXAtMy13ZWVrLXdpbm5pbmctc3RyZWFrLWFzLXN0b2Nrcy1mYWxsLWFmdGVyLXVzLWpvYnMtcmVwb3J0LWJpZy10ZWNoLWVhcm5pbmdz0gEA?oc=5\">Web Link</a>\n\n</div>\n","source":"redbox_crawler","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>Dow, S&P 500 snap 3-week winning streak as stocks fall after U.S. ...</title>\n<style 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}\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDow, S&P 500 snap 3-week winning streak as stocks fall after U.S. ...\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-08-05 05:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://news.google.com/rss/articles/CBMilAFodHRwczovL3d3dy5tb3JuaW5nc3Rhci5jb20vbmV3cy9tYXJrZXR3YXRjaC8yMDIzMDgwNDc0OS9kb3ctc3AtNTAwLXNuYXAtMy13ZWVrLXdpbm5pbmctc3RyZWFrLWFzLXN0b2Nrcy1mYWxsLWFmdGVyLXVzLWpvYnMtcmVwb3J0LWJpZy10ZWNoLWVhcm5pbmdz0gEA?oc=5><strong>Morningstar</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Dow, S&P 500 snap 3-week winning streak as stocks fall after U.S. ...</p>\n\n<a href=\"https://news.google.com/rss/articles/CBMilAFodHRwczovL3d3dy5tb3JuaW5nc3Rhci5jb20vbmV3cy9tYXJrZXR3YXRjaC8yMDIzMDgwNDc0OS9kb3ctc3AtNTAwLXNuYXAtMy13ZWVrLXdpbm5pbmctc3RyZWFrLWFzLXN0b2Nrcy1mYWxsLWFmdGVyLXVzLWpvYnMtcmVwb3J0LWJpZy10ZWNoLWVhcm5pbmdz0gEA?oc=5\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","BK4508":"社交媒体","BK4559":"巴菲特持仓","BK4077":"互动媒体与服务","BK4550":"红杉资本持仓","BK4588":"碎股","SSO":"两倍做多标普500ETF","SH":"标普500反向ETF","BK4551":"寇图资本持仓","SNAP":"Snap Inc","SPXU":"三倍做空标普500ETF","BK4581":"高盛持仓","BK4504":"桥水持仓","SPY":"标普500ETF","OEF":"标普100指数ETF-iShares","IVV":"标普500指数ETF","BK4554":"元宇宙及AR概念","OEX":"标普100",".SPX":"S&P 500 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...","news_type":1},"isVote":1,"tweetType":1,"viewCount":69,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":284242648014912,"gmtCreate":1710411104311,"gmtModify":1710411108490,"author":{"id":"4145415254454072","authorId":"4145415254454072","name":"ATian","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4145415254454072","authorIdStr":"4145415254454072"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/BYND\">$Beyond Meat, Inc.(BYND)$ </a>&nbsp;finally He is back","listText":"<a href=\"https://ttm.financial/S/BYND\">$Beyond Meat, Inc.(BYND)$ </a>&nbsp;finally He is back","text":"$Beyond Meat, Inc.(BYND)$ finally He is back","images":[{"img":"https://community-static.tradeup.com/news/eef6bef56d34c8c5b0c48851bb9c2233","width":"882","height":"1608"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/284242648014912","isVote":1,"tweetType":1,"viewCount":361,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":185501773250576,"gmtCreate":1686328058795,"gmtModify":1686328063539,"author":{"id":"4145415254454072","authorId":"4145415254454072","name":"ATian","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4145415254454072","authorIdStr":"4145415254454072"},"themes":[],"htmlText":"Jump&nbsp;","listText":"Jump&nbsp;","text":"Jump","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/185501773250576","repostId":"1161255246","repostType":2,"repost":{"id":"1161255246","pubTimestamp":1686318533,"share":"https://ttm.financial/m/news/1161255246?lang=&edition=fundamental","pubTime":"2023-06-09 21:48","market":"us","language":"en","title":"Netflix Subscriptions Jump as U.S. Password-Sharing Crackdown Begins","url":"https://stock-news.laohu8.com/highlight/detail?id=1161255246","media":"The Wall Street Journal","summary":"Shortly after change, company had highest rate of sign-ups since Antenna began tracking data in 2019","content":"<html><head></head><body><p>Shortly after change, company had highest rate of sign-ups since Antenna began tracking data in 2019</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dcd3578b7e01a8e2dbdb77311dbb1044\" alt=\"Jennifer Lopez in the film ‘The Mother,’ which made its debut on Netflix in May. PHOTO: ANA CARBALLOSA/NETFLIX\" title=\"Jennifer Lopez in the film ‘The Mother,’ which made its debut on Netflix in May. PHOTO: ANA CARBALLOSA/NETFLIX\" tg-width=\"700\" tg-height=\"466\"/><span>Jennifer Lopez in the film ‘The Mother,’ which made its debut on Netflix in May. PHOTO: ANA CARBALLOSA/NETFLIX</span></p><p style=\"text-align: start;\">Netflix’s long-awaited crackdown on password sharing in the U.S. delivered a windfall of new subscribers in its earliest days, according to new data from streaming analytics company Antenna.</p><p>The streaming giant amassed more new subscriptions in the U.S. between May 25 and May 28, shortly after Netflix notified users in the U.S. and more than 100 countries and territories of the limits, than in any other four-day period since Antenna began compiling such data in 2019. </p><p>The influx of new users is a sign that Netflix’s decision to put an end to password sharing is bearing fruit. The company said more than 100 million people around the world watch Netflix content using borrowed passwords. </p><p>The company’s recent move forced users who share an account outside the same home to pay an additional $7.99 a month to watch, and limited the number of extra members customers could add to their account, depending on the tier of service they pay for.</p><p style=\"text-align: start;\">The monthly cost of sharing with an extra person is $2 less a month than a basic subscription, and $1 more than the ad-supported plan, which Netflix introduced late last year in another effort to boost revenue and appeal to price-conscious customers.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/34abcdfad7c8dd6c170b4996403db511\" tg-width=\"978\" tg-height=\"694\"/></p><p style=\"text-align: start;\">Shares of Netflix have risen about 13% since the password-sharing crackdown went into effect on May 23.</p><p style=\"text-align: start;\">Antenna uses third-party services that collect consumer information, with permission, from sources including online purchase receipts, bills and banking records, and its data don’t include subscriptions offered through bundles. A Netflix spokeswoman declined to comment. </p><p>Netflix last year had two consecutive quarters of subscriber losses for the first time in its history. Its subscriber base started growing again over the past few quarters, but at a much slower pace than during the early days of the pandemic. The company has delayed its initiative to crack down on password sharing for years, though Netflix’s internal researchers had identified it has a major problem in 2019, The Wall Street Journal previously reported. </p><p>Account sharing “undermines our ability to invest in and improve Netflix for our paying members, as well as build our business,” the company said in its first-quarter shareholder letter.</p><p style=\"text-align: start;\">Netflix has already rolled out password sharing outside the U.S. in countries including Canada, Spain, Portugal and New Zealand.</p><p></p></body></html>","source":"wsj_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Netflix Subscriptions Jump as U.S. Password-Sharing Crackdown Begins</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNetflix Subscriptions Jump as U.S. Password-Sharing Crackdown Begins\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-06-09 21:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/netflix-subscriptions-jump-as-u-s-password-sharing-crackdown-begins-4aff1be4><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shortly after change, company had highest rate of sign-ups since Antenna began tracking data in 2019Jennifer Lopez in the film ‘The Mother,’ which made its debut on Netflix in May. PHOTO: ANA ...</p>\n\n<a href=\"https://www.wsj.com/articles/netflix-subscriptions-jump-as-u-s-password-sharing-crackdown-begins-4aff1be4\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NFLX":"奈飞"},"source_url":"https://www.wsj.com/articles/netflix-subscriptions-jump-as-u-s-password-sharing-crackdown-begins-4aff1be4","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161255246","content_text":"Shortly after change, company had highest rate of sign-ups since Antenna began tracking data in 2019Jennifer Lopez in the film ‘The Mother,’ which made its debut on Netflix in May. PHOTO: ANA CARBALLOSA/NETFLIXNetflix’s long-awaited crackdown on password sharing in the U.S. delivered a windfall of new subscribers in its earliest days, according to new data from streaming analytics company Antenna.The streaming giant amassed more new subscriptions in the U.S. between May 25 and May 28, shortly after Netflix notified users in the U.S. and more than 100 countries and territories of the limits, than in any other four-day period since Antenna began compiling such data in 2019. The influx of new users is a sign that Netflix’s decision to put an end to password sharing is bearing fruit. The company said more than 100 million people around the world watch Netflix content using borrowed passwords. The company’s recent move forced users who share an account outside the same home to pay an additional $7.99 a month to watch, and limited the number of extra members customers could add to their account, depending on the tier of service they pay for.The monthly cost of sharing with an extra person is $2 less a month than a basic subscription, and $1 more than the ad-supported plan, which Netflix introduced late last year in another effort to boost revenue and appeal to price-conscious customers.Shares of Netflix have risen about 13% since the password-sharing crackdown went into effect on May 23.Antenna uses third-party services that collect consumer information, with permission, from sources including online purchase receipts, bills and banking records, and its data don’t include subscriptions offered through bundles. A Netflix spokeswoman declined to comment. Netflix last year had two consecutive quarters of subscriber losses for the first time in its history. Its subscriber base started growing again over the past few quarters, but at a much slower pace than during the early days of the pandemic. The company has delayed its initiative to crack down on password sharing for years, though Netflix’s internal researchers had identified it has a major problem in 2019, The Wall Street Journal previously reported. Account sharing “undermines our ability to invest in and improve Netflix for our paying members, as well as build our business,” the company said in its first-quarter shareholder letter.Netflix has already rolled out password sharing outside the U.S. in countries including Canada, Spain, Portugal and New Zealand.","news_type":1},"isVote":1,"tweetType":1,"viewCount":77,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":321135118696472,"gmtCreate":1719433031166,"gmtModify":1719433035045,"author":{"id":"4145415254454072","authorId":"4145415254454072","name":"ATian","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4145415254454072","authorIdStr":"4145415254454072"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/321135118696472","repostId":"320946135629832","repostType":1,"repost":{"id":320946135629832,"gmtCreate":1719385712267,"gmtModify":1719385730697,"author":{"id":"3527667668727377","authorId":"3527667668727377","name":"Ivan_Gan","avatar":"https://static.tigerbbs.com/88507b8eb15a6e315e004663e5c9e31a","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3527667668727377","authorIdStr":"3527667668727377"},"themes":[],"title":"U.S. PMI results unexpectedly improved, the next round of market will focus on the Dow Jones Index","htmlText":"The recent market is always very volatile, which tests traders' trading skills. Judging from the current situation, it is estimated that it will continue to fluctuate until August-September, waiting for the key signal of the Fed's interest rate path.1. Pay attention to the strength and weakness of the US stock indexAt present, the U.S. stock index is still the same as before in the election year, and the trend is still very stable. However, during the rise of the U.S. stock index, the stock price fluctuations of different listed companies rotated. The previous strength of technology stocks made the transaction too crowded. When other economic data pointed to economic recovery, then funds will withdraw from the crowded transaction and turn to Other indexes, and the PMI index released on Fri","listText":"The recent market is always very volatile, which tests traders' trading skills. Judging from the current situation, it is estimated that it will continue to fluctuate until August-September, waiting for the key signal of the Fed's interest rate path.1. Pay attention to the strength and weakness of the US stock indexAt present, the U.S. stock index is still the same as before in the election year, and the trend is still very stable. However, during the rise of the U.S. stock index, the stock price fluctuations of different listed companies rotated. The previous strength of technology stocks made the transaction too crowded. When other economic data pointed to economic recovery, then funds will withdraw from the crowded transaction and turn to Other indexes, and the PMI index released on Fri","text":"The recent market is always very volatile, which tests traders' trading skills. Judging from the current situation, it is estimated that it will continue to fluctuate until August-September, waiting for the key signal of the Fed's interest rate path.1. Pay attention to the strength and weakness of the US stock indexAt present, the U.S. stock index is still the same as before in the election year, and the trend is still very stable. However, during the rise of the U.S. stock index, the stock price fluctuations of different listed companies rotated. The previous strength of technology stocks made the transaction too crowded. When other economic data pointed to economic recovery, then funds will withdraw from the crowded transaction and turn to Other indexes, and the PMI index released on Fri","images":[{"img":"https://static.tigerbbs.com/399d4066259d0d90ad5f8519cbc06675","width":"997","height":"669"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/320946135629832","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":215,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":303398544683064,"gmtCreate":1715092271477,"gmtModify":1715092274640,"author":{"id":"4145415254454072","authorId":"4145415254454072","name":"ATian","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4145415254454072","authorIdStr":"4145415254454072"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/303398544683064","repostId":"303261650386992","repostType":1,"repost":{"id":303261650386992,"gmtCreate":1715074432802,"gmtModify":1715074449421,"author":{"id":"3527667668727377","authorId":"3527667668727377","name":"Ivan_Gan","avatar":"https://static.tigerbbs.com/88507b8eb15a6e315e004663e5c9e31a","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3527667668727377","authorIdStr":"3527667668727377"},"themes":[],"title":"Is It Time To Invest In Agricultural Commodity Futures' Markets","htmlText":"During the domestic May Day holiday, the practice of high volatility in the external market continues, but this time it is fulfilled in agricultural products. Let me talk about the macroeconomic situation first. Although the Fed's interest rate meeting will not adjust interest rates as scheduled, the slowdown in QT (shrinking balance sheet) is a real liquidity easing measure. It is very likely that we may not see the Fed cut interest rates this year, but shrinking balance sheet The process is likely to end this year, so it is not an exaggeration to think that the Fed is now at an inflection point for re-easing.The unexpected upset of the non-farm data provided a reason for the Fed to cut interest rates. When the unemployment rate is higher than 4%, it will be the time for the Fed to cut in","listText":"During the domestic May Day holiday, the practice of high volatility in the external market continues, but this time it is fulfilled in agricultural products. Let me talk about the macroeconomic situation first. Although the Fed's interest rate meeting will not adjust interest rates as scheduled, the slowdown in QT (shrinking balance sheet) is a real liquidity easing measure. It is very likely that we may not see the Fed cut interest rates this year, but shrinking balance sheet The process is likely to end this year, so it is not an exaggeration to think that the Fed is now at an inflection point for re-easing.The unexpected upset of the non-farm data provided a reason for the Fed to cut interest rates. When the unemployment rate is higher than 4%, it will be the time for the Fed to cut in","text":"During the domestic May Day holiday, the practice of high volatility in the external market continues, but this time it is fulfilled in agricultural products. Let me talk about the macroeconomic situation first. Although the Fed's interest rate meeting will not adjust interest rates as scheduled, the slowdown in QT (shrinking balance sheet) is a real liquidity easing measure. It is very likely that we may not see the Fed cut interest rates this year, but shrinking balance sheet The process is likely to end this year, so it is not an exaggeration to think that the Fed is now at an inflection point for re-easing.The unexpected upset of the non-farm data provided a reason for the Fed to cut interest rates. When the unemployment rate is higher than 4%, it will be the time for the Fed to cut in","images":[{"img":"https://static.tigerbbs.com/80d49b56a72c924bac522f7b45ad1ce8","width":"851","height":"304"},{"img":"https://static.tigerbbs.com/74baa890ae6086ae63b7916717c3b6c7","width":"879","height":"162"},{"img":"https://static.tigerbbs.com/6182e1221f4207193633b2406b00cd8c","width":"831","height":"556"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/303261650386992","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":3,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":201,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":302503428935792,"gmtCreate":1714872881051,"gmtModify":1714872884560,"author":{"id":"4145415254454072","authorId":"4145415254454072","name":"ATian","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4145415254454072","authorIdStr":"4145415254454072"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/302503428935792","repostId":"2433617877","repostType":2,"isVote":1,"tweetType":1,"viewCount":231,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":286478082011320,"gmtCreate":1710975646011,"gmtModify":1710975649908,"author":{"id":"4145415254454072","authorId":"4145415254454072","name":"ATian","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4145415254454072","authorIdStr":"4145415254454072"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/286478082011320","repostId":"2420496227","repostType":2,"isVote":1,"tweetType":1,"viewCount":239,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":282813536235624,"gmtCreate":1710054566935,"gmtModify":1710054570350,"author":{"id":"4145415254454072","authorId":"4145415254454072","name":"ATian","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4145415254454072","authorIdStr":"4145415254454072"},"themes":[],"htmlText":"Will gold still continue? I hope not, because I am not in&nbsp;[Cry]&nbsp;","listText":"Will gold still continue? I hope not, because I am not in&nbsp;[Cry]&nbsp;","text":"Will gold still continue? I hope not, because I am not in [Cry]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/282813536235624","repostId":"281918360322144","repostType":1,"repost":{"id":281918360322144,"gmtCreate":1709856236194,"gmtModify":1709861607572,"author":{"id":"4102123614530830","authorId":"4102123614530830","name":"nerdbull1669","avatar":"https://community-static.tradeup.com/news/8ac2db9ff7976dac4aa567ce14027bd6","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4102123614530830","authorIdStr":"4102123614530830"},"themes":[],"title":"Trade GLD Around Gold's Confirmed Breakout! ","htmlText":"If you are an investor into precious metals, you would have noticed that Gold just has the breakout confirmed, this is from what I have seen from intraday as well as daily closing price. Gold Saw New Highs Due To Breakout At the time of this writing, gold price is trading at about $2,160.74, this is one of the all-time highs, which is slightly higher than the late-2023 high. If we look at the 4-HR intraday chart, we could see that Gold price is trying to stay above that level, so far it has been able to do it, but with RSI in the overbought region, we could be seeing more buying, it might not stay at this high for long. A confirmed breakout opens the door to higher prices, and since it was a breakout to new all-time highs, gold could move much higher in the medium term. SPDR Gold Shares (","listText":"If you are an investor into precious metals, you would have noticed that Gold just has the breakout confirmed, this is from what I have seen from intraday as well as daily closing price. Gold Saw New Highs Due To Breakout At the time of this writing, gold price is trading at about $2,160.74, this is one of the all-time highs, which is slightly higher than the late-2023 high. If we look at the 4-HR intraday chart, we could see that Gold price is trying to stay above that level, so far it has been able to do it, but with RSI in the overbought region, we could be seeing more buying, it might not stay at this high for long. A confirmed breakout opens the door to higher prices, and since it was a breakout to new all-time highs, gold could move much higher in the medium term. SPDR Gold Shares (","text":"If you are an investor into precious metals, you would have noticed that Gold just has the breakout confirmed, this is from what I have seen from intraday as well as daily closing price. Gold Saw New Highs Due To Breakout At the time of this writing, gold price is trading at about $2,160.74, this is one of the all-time highs, which is slightly higher than the late-2023 high. If we look at the 4-HR intraday chart, we could see that Gold price is trying to stay above that level, so far it has been able to do it, but with RSI in the overbought region, we could be seeing more buying, it might not stay at this high for long. A confirmed breakout opens the door to higher prices, and since it was a breakout to new all-time highs, gold could move much higher in the medium term. SPDR Gold Shares (","images":[{"img":"https://community-static.tradeup.com/news/151c4f40c60d171d74b2f253014ac376","width":"1258","height":"724"},{"img":"https://community-static.tradeup.com/news/5d6822ac0870607a1790614e8ea4d0d3","width":"1839","height":"789"},{"img":"https://community-static.tradeup.com/news/4f61a790bf85725ece020826f8d9b761","width":"1419","height":"604"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/281918360322144","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":5,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":457,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":281911667855560,"gmtCreate":1709854603800,"gmtModify":1709854607352,"author":{"id":"4145415254454072","authorId":"4145415254454072","name":"ATian","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4145415254454072","authorIdStr":"4145415254454072"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/281911667855560","repostId":"279214840176800","repostType":1,"repost":{"id":279214840176800,"gmtCreate":1709189298070,"gmtModify":1709189765752,"author":{"id":"3574252569958688","authorId":"3574252569958688","name":"alanyeo","avatar":"https://community-static.tradeup.com/news/c143ec51d09c45e31e9ff8dacb742087","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574252569958688","authorIdStr":"3574252569958688"},"themes":[],"title":"DBS: Baidu Inc – Buy Target Price HK$186","htmlText":"The research is done by the respective broker and I do not endorse any of them. Just sharing here for information and reading pleasure.&nbsp; https://alphaedgeinvesting.com/2024/02/29/dbs-baidu-inc-buy-target-price-hk186/ ‌<a href=\"https://laohu8.com/S/BIDU\">$Baidu(BIDU)$ &nbsp;</a>‌‌<a href=\"https://laohu8.com/S/09888\">$BIDU-SW(09888)$ &nbsp;</a>‌","listText":"The research is done by the respective broker and I do not endorse any of them. Just sharing here for information and reading pleasure.&nbsp; https://alphaedgeinvesting.com/2024/02/29/dbs-baidu-inc-buy-target-price-hk186/ ‌<a href=\"https://laohu8.com/S/BIDU\">$Baidu(BIDU)$ &nbsp;</a>‌‌<a href=\"https://laohu8.com/S/09888\">$BIDU-SW(09888)$ &nbsp;</a>‌","text":"The research is done by the respective broker and I do not endorse any of them. Just sharing here for information and reading pleasure. https://alphaedgeinvesting.com/2024/02/29/dbs-baidu-inc-buy-target-price-hk186/ ‌$Baidu(BIDU)$ ‌‌$BIDU-SW(09888)$ ‌","images":[],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/279214840176800","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":170,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":244757718929544,"gmtCreate":1700779328338,"gmtModify":1700779332775,"author":{"id":"4145415254454072","authorId":"4145415254454072","name":"ATian","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4145415254454072","authorIdStr":"4145415254454072"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/244757718929544","repostId":"2385623058","repostType":2,"repost":{"id":"2385623058","pubTimestamp":1700739721,"share":"https://ttm.financial/m/news/2385623058?lang=&edition=fundamental","pubTime":"2023-11-23 19:42","market":"us","language":"en","title":"Beyond Meat Is Beyond Saving","url":"https://stock-news.laohu8.com/highlight/detail?id=2385623058","media":"seekingalpha","summary":"Beyond Meat saw an increase in international volumes but experienced declines in the US market.Gross margins turned negative and the company lowered its full-year revenue and gross margin guidance.Des","content":"<html><body><ul><li>Beyond Meat saw an increase in international volumes but experienced declines in the US market.</li><li>Gross margins turned negative and the company lowered its full-year revenue and gross margin guidance.</li><li>Despite potential growth in Europe, the stock is still overvalued and remains a \"Sell.\"  The path to profitability will be daunting.</li></ul><p><figure><picture><img height=\"1152px\" loading=\"lazy\" sizes=\"(max-width: 768px) calc(100vw - 36px), (max-width: 1024px) calc(100vw - 132px), (max-width: 1200px) calc(66.6vw - 72px), 600px\" src=\"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1370580640/image_1370580640.jpg?io=getty-c-w750\" srcset=\"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1370580640/image_1370580640.jpg?io=getty-c-w1536 1536w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1370580640/image_1370580640.jpg?io=getty-c-w1280 1280w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1370580640/image_1370580640.jpg?io=getty-c-w1080 1080w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1370580640/image_1370580640.jpg?io=getty-c-w750 750w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1370580640/image_1370580640.jpg?io=getty-c-w640 640w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1370580640/image_1370580640.jpg?io=getty-c-w480 480w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1370580640/image_1370580640.jpg?io=getty-c-w320 320w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1370580640/image_1370580640.jpg?io=getty-c-w240 240w\" width=\"1536px\"/></picture><figcaption><p>Justin Sullivan</p></figcaption></figure></p> <p>Back in March, I placed a \"Sell\" rating on Beyond Meat (<span>NASDAQ:BYND</span>), saying management greatly misread demand for its product. I reiterated my \"Sell\" rating in September, noting that its volumes declines were expanding into<span> more of its channel. So far my \"Sell\" thesis has played out as expected, although Q3 did see a glimpse of hope for the company on the volume side. With the stock down over -60% from my original write-up, let's catch up on the name after its </span>recent earnings report<span> from earlier this month.</span></p> <h2><strong>Company Profile</strong></h2> <p>As a quick reminder, BYND makes plant-based food items created to have the taste and texture of meat. The Beyond Burger is its flagship product, but it also makes a variety of other plant-based meat alternatives including Beyond Chicken Tenders, Beyond Chicken Nuggets, Beyond Sausage, Beyond Steak, and other items. It sells its products in<span> the U.S. and internationally through both the grocery retail channel and the foodservice channel, such as quick service restaurants.</span></p> <h2>International Volumes Rise, Gross Margins Negative</h2> <p>While recent BYND quarters have been marked by declining volumes, BYND actually saw a year over year increase this past quarter, with volumes up 3.5%, as international gains more than offset continued U.S. declines. However, the overall volume gains were more than offset by a -11.6% decline in price per pound.</p> <p>U.S. retail volumes sank -18.7% to 7.199 million pounds. U.S. Foodservice volumes, meanwhile, plunged -37.7% to 2.104 million pounds. International retail volumes jumped 42.8% to 3.375 million pounds. International Foodservices volumes soared 90.9% to 5.317 million pounds. The company credited the gain to strong sales to a large QSR customer in the European Union.</p> <p>Revenues declined -8.7% to $75.3 million. The price per pound decrease of -11.6% accelerated from the -8.6% decrease in price per pound it saw last quarter. Revenue topped analyst expectations of $73.0 million.</p> <p>Revenue in the U.S. retail channel fell -33.9% to $30.5 million, while U.S. Foodservice sales dropped -21.6% to $12.5 million. Internationally, Retail revenue climbed 38.8% to $14.2 million, while Foodservice sales zoomed 78.7% higher to $18.1 million.</p> <p>The company lost 7,000 distribution points quarter over quarter to 183,000. The International Foodservice channel lost 8,000 points of distribution, while it gained 1,000 distribution outlets in the U.S. foodservice segment. The U.S. and international retail points of distribution remained unchanged. The company said the loss of international distribution points was in China.</p> <p>Gross margins have been a huge problem, and once again turned negative after the company was able to post a slim 2.2% gross margins in Q2.</p> <p>Adjusted EBITDA for the quarter was -$57.5 million versus -$73.8 million a year ago. Operating cash flow was $9.1 million.</p> <p>The company ended the quarter with $1.14 billion in convertible notes and $217.5 million in cash and equivalents. The 0% convertible note is not due until 2027.</p> <p>Looking ahead, BYND forecast full-year revenue of between $330-340 million, down from a prior outlook of $360-380 million, and a year over year decline of -21% to -19%. It now projects gross margins to be breakeven versus a prior forecast for them to be positive mid to high single digits.</p> <p>Discussing the company's results on its Q3 earnings call, CEO Ethan Brown said:</p> <blockquote><p>\"We are disappointed by our third quarter 2023 results and are taking immediate action to pull significant costs out of our operating base as we enter 2024. Simultaneously, we are heightening and narrowing our focus around specific geographies and channels where we are experiencing growth, including in the EU, where we're seeing favorable near-term trends, such as certain segments of U.S. foodservice. As we head into 2024, we believe we have a solid portfolio and marketing strategy to address category and brand headwinds in U.S. retail, one built around the fundamental benefits available to the consumer through our carefully designed plant-based meats. Though we believe that our achievement of cash flow positive operations for the third quarter is an encouraging directional signal, we are committed to a far more comprehensive and aggressive rebalancing of operating expense to current revenues as we plan for the future. We understand the current results, category challenges and the intended media coverage can distract from what we believe is a far brighter future. We see this future in colleges and universities here in the U.S. and abroad, including those where youth-driven movements are calling for fully plant-based campuses to fight climate change, drawing analogies to university pledges to divest from fossil fuels. We see this future in countries where per capita animal meat consumption is the lowest ever in recorded history, such as in the U.K. and Germany, and the corresponding progress we are experiencing in McDonald's McPlant platform in these and other EU economies. We see this future in cities, such as Amsterdam, where officials are taking tangible steps to increase availability of plant-based meats and dairy in support of their target to have 50% of citizens consuming a plant-based diet by 2030.\"</p></blockquote> <p>Overall, the BYND quarter once again was not good, but unlike some recent quarters there were some bright spots. The company saw nice volume growth internationally in both the retail and foodservice channels. The latter appears to be driven by McDonald's (MCD) McPlant platform. The platform failed in the U.S and was discontinued due to low sales last year, but so far it appears to be performing better in Europe. This could just be because of newness and a slow rollout, as U.S. fast food chains initially saw a surge in demand for plant-based products that eventually dried up. However, MCD is continuing to introduce the platform to new EU countries, including Switzerland and Slovenia last month, while adding menu items in the Netherlands, such as Veggie nuggets and McPlant Steakhouse burger.</p> <p>BYND also was able to generate positive operating cash flow, although that was largely due to inventory drawdowns. Meanwhile, the company returned to negative gross margins and its pricing continues to rapidly fall despite an inflationary environment, which shows a lack on pricing power. It also lowered its full-year guidance for revenue and gross margins as well.</p> <p>While management has expectations for a better 2024, I think the company needs to prove that plant-based meat alternatives aren't just a fad whose sales have peaked. That has played out in the U.S. and if it plays out in Europe, the company is in pretty big trouble.</p> <h2>Conclusion</h2> <p>BYND has a lot of work to do to try and turn itself around. It must dramatically cut costs and right size its manufacturing capacity. The company was able to generate positive EBITDA in 2019 before the pandemic on nearly $300 million in revenue, but that was before introducing a slew of new products and the inefficiencies that come with them given their modest demand. Demand continues to contract in the U.S. in both the retail and foodservice channel, while at the same time it is lowering prices.</p> <p>Even if BYND pulled a great turnaround, powered by Europe, and doubled its sales over the next 5 years and brought its gross margins up from 0% to 40% (33.5% is the highest it has achieved), that would still be a gross profit of only around $270 million. Paying over 5x potential future gross profits 5 years out for a company where everything would have to go right over the next several years doesn't make sense in my view. I view that scenario as unlikely, but even if it did come to fruition, I think the stock should trade under $1 and that the equity is nearly worthless at this point.</p> <p>Thus, despite the huge declines in the stock, I still feel that BYND is very overvalued and the stock remains a \"Sell.\"</p> <div></div> <p>Risks to the upside would be if the McPlant platform was able to just completely take off in Europe, and the company was able to rightsize its manufacturing footprint and actually get to above scenario I laid out with 40% margins. But getting to those numbers seems very unlikely in my view.</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>Beyond Meat Is Beyond Saving</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBeyond Meat Is Beyond Saving\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-11-23 19:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4653880-beyond-meat-beyond-saving><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Beyond Meat saw an increase in international volumes but experienced declines in the US market.Gross margins turned negative and the company lowered its full-year revenue and gross margin guidance....</p>\n\n<a href=\"https://seekingalpha.com/article/4653880-beyond-meat-beyond-saving\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1370580640/image_1370580640.jpg","relate_stocks":{"BK4504":"桥水持仓","BK4209":"餐馆","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","BK4548":"巴美列捷福持仓","LU1430594728.SGD":"Eastspring Investments - Global Low Volatility Equity AS SGD","BK4212":"包装食品与肉类","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","LU1244550221.USD":"FRANKLIN GLOBAL MULTI-ASSET  INCOME \"A\" (USDHEDGED) INC (M)","LU1718418525.SGD":"JPMorgan Investment Funds - Global Select Equity A (acc) SGD","BK4534":"瑞士信贷持仓","LU2133065610.SGD":"JPMorgan Investment Funds - Global Dividend A (mth) SGD","BK4585":"ETF&股票定投概念","LU1244550494.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) ACC","LU1585245621.USD":"EASTSPRING INV GLOBAL LOW VOLATILITY EQUITY FUND \"A\" (USD) ACC B","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","BK4566":"资本集团","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","LU1244550577.SGD":"FTIF - Franklin Global Multi-Asset Income A (Mdis) SGD-H1","BYND":"Beyond Meat, Inc.","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","MCD":"麦当劳","BK4588":"碎股","BK4550":"红杉资本持仓","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","BK4581":"高盛持仓"},"source_url":"https://seekingalpha.com/article/4653880-beyond-meat-beyond-saving","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2385623058","content_text":"Beyond Meat saw an increase in international volumes but experienced declines in the US market.Gross margins turned negative and the company lowered its full-year revenue and gross margin guidance.Despite potential growth in Europe, the stock is still overvalued and remains a \"Sell.\"  The path to profitability will be daunting.Justin Sullivan Back in March, I placed a \"Sell\" rating on Beyond Meat (NASDAQ:BYND), saying management greatly misread demand for its product. I reiterated my \"Sell\" rating in September, noting that its volumes declines were expanding into more of its channel. So far my \"Sell\" thesis has played out as expected, although Q3 did see a glimpse of hope for the company on the volume side. With the stock down over -60% from my original write-up, let's catch up on the name after its recent earnings report from earlier this month. Company Profile As a quick reminder, BYND makes plant-based food items created to have the taste and texture of meat. The Beyond Burger is its flagship product, but it also makes a variety of other plant-based meat alternatives including Beyond Chicken Tenders, Beyond Chicken Nuggets, Beyond Sausage, Beyond Steak, and other items. It sells its products in the U.S. and internationally through both the grocery retail channel and the foodservice channel, such as quick service restaurants. International Volumes Rise, Gross Margins Negative While recent BYND quarters have been marked by declining volumes, BYND actually saw a year over year increase this past quarter, with volumes up 3.5%, as international gains more than offset continued U.S. declines. However, the overall volume gains were more than offset by a -11.6% decline in price per pound. U.S. retail volumes sank -18.7% to 7.199 million pounds. U.S. Foodservice volumes, meanwhile, plunged -37.7% to 2.104 million pounds. International retail volumes jumped 42.8% to 3.375 million pounds. International Foodservices volumes soared 90.9% to 5.317 million pounds. The company credited the gain to strong sales to a large QSR customer in the European Union. Revenues declined -8.7% to $75.3 million. The price per pound decrease of -11.6% accelerated from the -8.6% decrease in price per pound it saw last quarter. Revenue topped analyst expectations of $73.0 million. Revenue in the U.S. retail channel fell -33.9% to $30.5 million, while U.S. Foodservice sales dropped -21.6% to $12.5 million. Internationally, Retail revenue climbed 38.8% to $14.2 million, while Foodservice sales zoomed 78.7% higher to $18.1 million. The company lost 7,000 distribution points quarter over quarter to 183,000. The International Foodservice channel lost 8,000 points of distribution, while it gained 1,000 distribution outlets in the U.S. foodservice segment. The U.S. and international retail points of distribution remained unchanged. The company said the loss of international distribution points was in China. Gross margins have been a huge problem, and once again turned negative after the company was able to post a slim 2.2% gross margins in Q2. Adjusted EBITDA for the quarter was -$57.5 million versus -$73.8 million a year ago. Operating cash flow was $9.1 million. The company ended the quarter with $1.14 billion in convertible notes and $217.5 million in cash and equivalents. The 0% convertible note is not due until 2027. Looking ahead, BYND forecast full-year revenue of between $330-340 million, down from a prior outlook of $360-380 million, and a year over year decline of -21% to -19%. It now projects gross margins to be breakeven versus a prior forecast for them to be positive mid to high single digits. Discussing the company's results on its Q3 earnings call, CEO Ethan Brown said: \"We are disappointed by our third quarter 2023 results and are taking immediate action to pull significant costs out of our operating base as we enter 2024. Simultaneously, we are heightening and narrowing our focus around specific geographies and channels where we are experiencing growth, including in the EU, where we're seeing favorable near-term trends, such as certain segments of U.S. foodservice. As we head into 2024, we believe we have a solid portfolio and marketing strategy to address category and brand headwinds in U.S. retail, one built around the fundamental benefits available to the consumer through our carefully designed plant-based meats. Though we believe that our achievement of cash flow positive operations for the third quarter is an encouraging directional signal, we are committed to a far more comprehensive and aggressive rebalancing of operating expense to current revenues as we plan for the future. We understand the current results, category challenges and the intended media coverage can distract from what we believe is a far brighter future. We see this future in colleges and universities here in the U.S. and abroad, including those where youth-driven movements are calling for fully plant-based campuses to fight climate change, drawing analogies to university pledges to divest from fossil fuels. We see this future in countries where per capita animal meat consumption is the lowest ever in recorded history, such as in the U.K. and Germany, and the corresponding progress we are experiencing in McDonald's McPlant platform in these and other EU economies. We see this future in cities, such as Amsterdam, where officials are taking tangible steps to increase availability of plant-based meats and dairy in support of their target to have 50% of citizens consuming a plant-based diet by 2030.\" Overall, the BYND quarter once again was not good, but unlike some recent quarters there were some bright spots. The company saw nice volume growth internationally in both the retail and foodservice channels. The latter appears to be driven by McDonald's (MCD) McPlant platform. The platform failed in the U.S and was discontinued due to low sales last year, but so far it appears to be performing better in Europe. This could just be because of newness and a slow rollout, as U.S. fast food chains initially saw a surge in demand for plant-based products that eventually dried up. However, MCD is continuing to introduce the platform to new EU countries, including Switzerland and Slovenia last month, while adding menu items in the Netherlands, such as Veggie nuggets and McPlant Steakhouse burger. BYND also was able to generate positive operating cash flow, although that was largely due to inventory drawdowns. Meanwhile, the company returned to negative gross margins and its pricing continues to rapidly fall despite an inflationary environment, which shows a lack on pricing power. It also lowered its full-year guidance for revenue and gross margins as well. While management has expectations for a better 2024, I think the company needs to prove that plant-based meat alternatives aren't just a fad whose sales have peaked. That has played out in the U.S. and if it plays out in Europe, the company is in pretty big trouble. Conclusion BYND has a lot of work to do to try and turn itself around. It must dramatically cut costs and right size its manufacturing capacity. The company was able to generate positive EBITDA in 2019 before the pandemic on nearly $300 million in revenue, but that was before introducing a slew of new products and the inefficiencies that come with them given their modest demand. Demand continues to contract in the U.S. in both the retail and foodservice channel, while at the same time it is lowering prices. Even if BYND pulled a great turnaround, powered by Europe, and doubled its sales over the next 5 years and brought its gross margins up from 0% to 40% (33.5% is the highest it has achieved), that would still be a gross profit of only around $270 million. Paying over 5x potential future gross profits 5 years out for a company where everything would have to go right over the next several years doesn't make sense in my view. I view that scenario as unlikely, but even if it did come to fruition, I think the stock should trade under $1 and that the equity is nearly worthless at this point. Thus, despite the huge declines in the stock, I still feel that BYND is very overvalued and the stock remains a \"Sell.\"  Risks to the upside would be if the McPlant platform was able to just completely take off in Europe, and the company was able to rightsize its manufacturing footprint and actually get to above scenario I laid out with 40% margins. But getting to those numbers seems very unlikely in my view.","news_type":1},"isVote":1,"tweetType":1,"viewCount":474,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":240171572326608,"gmtCreate":1699654602361,"gmtModify":1699654605507,"author":{"id":"4145415254454072","authorId":"4145415254454072","name":"ATian","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4145415254454072","authorIdStr":"4145415254454072"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/240171572326608","repostId":"239476813279240","repostType":1,"repost":{"id":239476813279240,"gmtCreate":1699502703430,"gmtModify":1699503361103,"author":{"id":"4141429963588842","authorId":"4141429963588842","name":"TigerGPT","avatar":"https://community-static.tradeup.com/news/5b82af1deb17dfa8f94b4741b9ea2738","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4141429963588842","authorIdStr":"4141429963588842"},"themes":[],"title":"Beyond Meat (BYND) Q3 2023 Earnings Call Transcript Summary","htmlText":"In the recent earnings call for Beyond Meat, Inc. (BYND), both bullish and bearish points were discussed. Here is a summary of the specific viewpoints from the call: Bullish Points: 1. Reduced cost of goods sold by 18% year over year 2. Achieved free cash flow positive operations for the quarter 3. Continuing progress on COGS reductions 4. Intensifying focus on channels and geographies exhibiting revenue growth 5. Year-over-year double-digit growth in select markets in Europe 6. Partnerships and affiliations with American Heart Association and American Cancer Society 7. Announcement of additional certifications and partnerships in 2024 8. Teaming up with authentic voices to counter false narratives and educate consumers 9. Growth in specific geographies and channels, including the EU 10. S","listText":"In the recent earnings call for Beyond Meat, Inc. (BYND), both bullish and bearish points were discussed. Here is a summary of the specific viewpoints from the call: Bullish Points: 1. Reduced cost of goods sold by 18% year over year 2. Achieved free cash flow positive operations for the quarter 3. Continuing progress on COGS reductions 4. Intensifying focus on channels and geographies exhibiting revenue growth 5. Year-over-year double-digit growth in select markets in Europe 6. Partnerships and affiliations with American Heart Association and American Cancer Society 7. Announcement of additional certifications and partnerships in 2024 8. Teaming up with authentic voices to counter false narratives and educate consumers 9. Growth in specific geographies and channels, including the EU 10. S","text":"In the recent earnings call for Beyond Meat, Inc. (BYND), both bullish and bearish points were discussed. Here is a summary of the specific viewpoints from the call: Bullish Points: 1. Reduced cost of goods sold by 18% year over year 2. Achieved free cash flow positive operations for the quarter 3. Continuing progress on COGS reductions 4. Intensifying focus on channels and geographies exhibiting revenue growth 5. Year-over-year double-digit growth in select markets in Europe 6. Partnerships and affiliations with American Heart Association and American Cancer Society 7. Announcement of additional certifications and partnerships in 2024 8. Teaming up with authentic voices to counter false narratives and educate consumers 9. Growth in specific geographies and channels, including the EU 10. S","images":[],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/239476813279240","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":491,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":237688949633064,"gmtCreate":1699065067027,"gmtModify":1699065070687,"author":{"id":"4145415254454072","authorId":"4145415254454072","name":"ATian","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4145415254454072","authorIdStr":"4145415254454072"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/237688949633064","repostId":"2380679921","repostType":2,"repost":{"id":"2380679921","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1699055909,"share":"https://ttm.financial/m/news/2380679921?lang=&edition=fundamental","pubTime":"2023-11-04 07:58","market":"us","language":"en","title":"Charlie Munger Muses on Investing","url":"https://stock-news.laohu8.com/highlight/detail?id=2380679921","media":"Dow Jones","summary":"Charlie Munger still isn't afraid to call it like he sees it.The Berkshire Hathaway vice chairman and longtime business partner of Warren Buffett spent two hours on a recent morning chatting with this Wall Street Journal reporter in his home in Los Angeles. Seated in his library, the 99-year-old Munger mused on everything from index funds and cryptocurrency to how investing has changed.Munger and Buffett, who are viewed as two of the best investors of all time, built Berkshire into a behemoth with a roughly $350 billion stock portfolio and $150 billion war chest. They will again be in the spotlight Saturday when Berkshire reports its third-quarter financial results.A: It's at least 50/50. Venture capital has made it so difficult for everybody. They keep bidding the prices up and up and up, and of course that makes the results go down, down and down.He doesn't design his own electric motors and his egg beater.","content":"<html><head></head><body><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8f04a3d7898d2292ac94233e0aab3373\" tg-width=\"1000\" tg-height=\"1250\"/></p><p>Charlie Munger still isn&#39;t afraid to call it like he sees it.</p><p>The Berkshire Hathaway vice chairman and longtime business partner of Warren Buffett spent two hours on a recent morning chatting with this Wall Street Journal reporter in his home in Los Angeles. Seated in his library, the 99-year-old Munger mused on everything from index funds and cryptocurrency to how investing has changed.</p><p>Munger and Buffett, who are viewed as two of the best investors of all time, built Berkshire into a behemoth with a roughly $350 billion stock portfolio and $150 billion war chest. They will again be in the spotlight Saturday when Berkshire reports its third-quarter financial results.</p><p><strong>Here is an edited selection of highlights from the interview:</strong></p><p><strong>Q: Do you think Berkshire Hathaway will make another big acquisition under you and Warren Buffett?</strong></p><p>A: It&#39;s at least 50/50. Venture capital has made it so difficult for everybody. They keep bidding the prices up and up and up, and of course that makes the results go down, down and down.</p><p><strong>Q: If you were starting out today as an investor, are there any things you would do differently than you did back in the 1960s?</strong></p><p>A: Conditions were quite different then, and there were a lot of what we used to call loaded laggards.... There were two or three times as much in assets per-share value as there was in stock-market value per share. Ben Graham taught us all to buy that kind of stuff. It was underpriced, and hold it as long as it was underpriced, then sell it when the price got more normal and buy another undervalued asset. And you could do that for about four decades in the aftermath of the 1930s Great Depression. That&#39;s gone, all of that low-hanging fruit.</p><p>I think that the modern investor, to get ahead, almost has to get in a few stocks that are way above average.... They try and have a few Apples or Googles or so on, just to keep up, because they know that a significant percentage of all the gains that come to all the common stockholders combined is going to come from a few of these super competitors.</p><p><strong>Q: If you were starting a business today, what would it be?</strong></p><p>A: I like stock picking because it kind of reminds me of hunting and fishing. Any day you can have a new thing that might be interesting.... But I think fewer and fewer people are really needed in stock picking. Mostly it&#39;s charlatanism to charge 3 percentage points per year or something like that to manage somebody else&#39;s money.</p><p>Most people probably shouldn&#39;t do anything other than have index funds.... That is a perfectly rational thing to do for somebody who just doesn&#39;t want to think much about it and has no reason to think he has any advantage as a stock picker. Why should he try and pick his own stocks? He doesn&#39;t design his own electric motors and his egg beater.</p><p><strong>Q: Do you ever worry that the success that you and Warren Buffett have enjoyed has contributed to the rise of the stock-picking profession?</strong></p><p>A: Of course I worry about that. And I have tried not to be.... I&#39;m not the guy that&#39;s using his money to buy a big yacht, who flies his own jet airplane so he can be in the Mediterranean in the season, and so on and so on.</p><p>I&#39;m not being a big excessive spender. And I prefer my less-expensive way of life.... Who in the hell with my wealth lives in the same house he built 70 years ago?</p><p><strong>Q: The price of bitcoin has been rocketing higher again. Is that something that concerns you?</strong></p><p>A: Of course it concerns me. I have a lot of very simple fundamental ideas that I think every educated person ought to have. Those ideas include what Adam Smith taught everybody.... You&#39;ve got a huge increase in what I would call civilization per capita. And it happened automatically just because people take better care of their own property than they take care of somebody else&#39;s property.... In order to get the Smithian results, you need a currency to facilitate exchanges. And to make the currency respected widely, the trick we&#39;ve used is the sovereign issues it.</p><p>The only way to get from hunter-gathering to civilization that we know of that&#39;s ever worked is to have a strong currency. It can be seashells, it can be corn kernels, it can be a lot of things. It can be gold coins, it can be promises in banking systems like we have in the United States and England and so on.</p><p>When you start creating an artificial currency...you&#39;re throwing your stink ball into a recipe that&#39;s been around for a long time, that&#39;s worked very well for a lot of people.</p><p><strong>Q: Government regulators have recently sued Amazon, claiming that it wields monopoly power, while Google is facing an antitrust case. In your opinion should the government break up any of the big U.S. tech companies?</strong></p><p>A: I would not break them up. I don&#39;t consider it all that significant. They&#39;ve got their little niches. Microsoft maybe has a nice niche, but it doesn&#39;t own the earth. I like these high-tech companies. I think capitalism should expect to get a few big winners by accident.</p><p><strong>Q: Is there anything you&#39;ve learned recently from the books you&#39;ve read?</strong></p><p>A: I think I learn a little something from...everything I&#39;ve read. I think that one of the reasons I was as economically successful as I was in life is because I read so damn much all my life, starting when I was about six years old. I don&#39;t know how to get smart without reading a lot.</p><p><strong>Q: You&#39;ve spoken about the importance of psychology in investing. Is there a cognitive bias that you think is particularly significant in the markets today?</strong></p><p>A: There are lots of cognitive biases that are very significant. One is the constant tendency to overrate your own intelligence and skills in deciding what to do and what not to do.</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>Charlie Munger Muses on Investing</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\">\nCharlie Munger Muses on Investing\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2023-11-04 07:58</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8f04a3d7898d2292ac94233e0aab3373\" tg-width=\"1000\" tg-height=\"1250\"/></p><p>Charlie Munger still isn&#39;t afraid to call it like he sees it.</p><p>The Berkshire Hathaway vice chairman and longtime business partner of Warren Buffett spent two hours on a recent morning chatting with this Wall Street Journal reporter in his home in Los Angeles. Seated in his library, the 99-year-old Munger mused on everything from index funds and cryptocurrency to how investing has changed.</p><p>Munger and Buffett, who are viewed as two of the best investors of all time, built Berkshire into a behemoth with a roughly $350 billion stock portfolio and $150 billion war chest. They will again be in the spotlight Saturday when Berkshire reports its third-quarter financial results.</p><p><strong>Here is an edited selection of highlights from the interview:</strong></p><p><strong>Q: Do you think Berkshire Hathaway will make another big acquisition under you and Warren Buffett?</strong></p><p>A: It&#39;s at least 50/50. Venture capital has made it so difficult for everybody. They keep bidding the prices up and up and up, and of course that makes the results go down, down and down.</p><p><strong>Q: If you were starting out today as an investor, are there any things you would do differently than you did back in the 1960s?</strong></p><p>A: Conditions were quite different then, and there were a lot of what we used to call loaded laggards.... There were two or three times as much in assets per-share value as there was in stock-market value per share. Ben Graham taught us all to buy that kind of stuff. It was underpriced, and hold it as long as it was underpriced, then sell it when the price got more normal and buy another undervalued asset. And you could do that for about four decades in the aftermath of the 1930s Great Depression. That&#39;s gone, all of that low-hanging fruit.</p><p>I think that the modern investor, to get ahead, almost has to get in a few stocks that are way above average.... They try and have a few Apples or Googles or so on, just to keep up, because they know that a significant percentage of all the gains that come to all the common stockholders combined is going to come from a few of these super competitors.</p><p><strong>Q: If you were starting a business today, what would it be?</strong></p><p>A: I like stock picking because it kind of reminds me of hunting and fishing. Any day you can have a new thing that might be interesting.... But I think fewer and fewer people are really needed in stock picking. Mostly it&#39;s charlatanism to charge 3 percentage points per year or something like that to manage somebody else&#39;s money.</p><p>Most people probably shouldn&#39;t do anything other than have index funds.... That is a perfectly rational thing to do for somebody who just doesn&#39;t want to think much about it and has no reason to think he has any advantage as a stock picker. Why should he try and pick his own stocks? He doesn&#39;t design his own electric motors and his egg beater.</p><p><strong>Q: Do you ever worry that the success that you and Warren Buffett have enjoyed has contributed to the rise of the stock-picking profession?</strong></p><p>A: Of course I worry about that. And I have tried not to be.... I&#39;m not the guy that&#39;s using his money to buy a big yacht, who flies his own jet airplane so he can be in the Mediterranean in the season, and so on and so on.</p><p>I&#39;m not being a big excessive spender. And I prefer my less-expensive way of life.... Who in the hell with my wealth lives in the same house he built 70 years ago?</p><p><strong>Q: The price of bitcoin has been rocketing higher again. Is that something that concerns you?</strong></p><p>A: Of course it concerns me. I have a lot of very simple fundamental ideas that I think every educated person ought to have. Those ideas include what Adam Smith taught everybody.... You&#39;ve got a huge increase in what I would call civilization per capita. And it happened automatically just because people take better care of their own property than they take care of somebody else&#39;s property.... In order to get the Smithian results, you need a currency to facilitate exchanges. And to make the currency respected widely, the trick we&#39;ve used is the sovereign issues it.</p><p>The only way to get from hunter-gathering to civilization that we know of that&#39;s ever worked is to have a strong currency. It can be seashells, it can be corn kernels, it can be a lot of things. It can be gold coins, it can be promises in banking systems like we have in the United States and England and so on.</p><p>When you start creating an artificial currency...you&#39;re throwing your stink ball into a recipe that&#39;s been around for a long time, that&#39;s worked very well for a lot of people.</p><p><strong>Q: Government regulators have recently sued Amazon, claiming that it wields monopoly power, while Google is facing an antitrust case. In your opinion should the government break up any of the big U.S. tech companies?</strong></p><p>A: I would not break them up. I don&#39;t consider it all that significant. They&#39;ve got their little niches. Microsoft maybe has a nice niche, but it doesn&#39;t own the earth. I like these high-tech companies. I think capitalism should expect to get a few big winners by accident.</p><p><strong>Q: Is there anything you&#39;ve learned recently from the books you&#39;ve read?</strong></p><p>A: I think I learn a little something from...everything I&#39;ve read. I think that one of the reasons I was as economically successful as I was in life is because I read so damn much all my life, starting when I was about six years old. I don&#39;t know how to get smart without reading a lot.</p><p><strong>Q: You&#39;ve spoken about the importance of psychology in investing. Is there a cognitive bias that you think is particularly significant in the markets today?</strong></p><p>A: There are lots of cognitive biases that are very significant. One is the constant tendency to overrate your own intelligence and skills in deciding what to do and what not to do.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4176":"多领域控股","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","LU0234572021.USD":"高盛美国核心股票组合Acc","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","LU0251142724.SGD":"Fidelity America A-SGD","BK4533":"AQR资本管理(全球第二大对冲基金)","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","BK4550":"红杉资本持仓","LU0971096721.USD":"富达环球金融服务 A","BK4588":"碎股","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","LU0149725797.USD":"汇丰美国股市经济规模基金","LU0048573561.USD":"FIDELITY AMERICA \"A\" (USD) INC","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","LU0742534661.SGD":"Fidelity America A-SGD (hedged)","LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","BRK.A":"伯克希尔","BK4581":"高盛持仓","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","BRK.B":"伯克希尔B","LU0234570918.USD":"高盛全球核心股票组合Acc Close","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2380679921","content_text":"Charlie Munger still isn't afraid to call it like he sees it.The Berkshire Hathaway vice chairman and longtime business partner of Warren Buffett spent two hours on a recent morning chatting with this Wall Street Journal reporter in his home in Los Angeles. Seated in his library, the 99-year-old Munger mused on everything from index funds and cryptocurrency to how investing has changed.Munger and Buffett, who are viewed as two of the best investors of all time, built Berkshire into a behemoth with a roughly $350 billion stock portfolio and $150 billion war chest. They will again be in the spotlight Saturday when Berkshire reports its third-quarter financial results.Here is an edited selection of highlights from the interview:Q: Do you think Berkshire Hathaway will make another big acquisition under you and Warren Buffett?A: It's at least 50/50. Venture capital has made it so difficult for everybody. They keep bidding the prices up and up and up, and of course that makes the results go down, down and down.Q: If you were starting out today as an investor, are there any things you would do differently than you did back in the 1960s?A: Conditions were quite different then, and there were a lot of what we used to call loaded laggards.... There were two or three times as much in assets per-share value as there was in stock-market value per share. Ben Graham taught us all to buy that kind of stuff. It was underpriced, and hold it as long as it was underpriced, then sell it when the price got more normal and buy another undervalued asset. And you could do that for about four decades in the aftermath of the 1930s Great Depression. That's gone, all of that low-hanging fruit.I think that the modern investor, to get ahead, almost has to get in a few stocks that are way above average.... They try and have a few Apples or Googles or so on, just to keep up, because they know that a significant percentage of all the gains that come to all the common stockholders combined is going to come from a few of these super competitors.Q: If you were starting a business today, what would it be?A: I like stock picking because it kind of reminds me of hunting and fishing. Any day you can have a new thing that might be interesting.... But I think fewer and fewer people are really needed in stock picking. Mostly it's charlatanism to charge 3 percentage points per year or something like that to manage somebody else's money.Most people probably shouldn't do anything other than have index funds.... That is a perfectly rational thing to do for somebody who just doesn't want to think much about it and has no reason to think he has any advantage as a stock picker. Why should he try and pick his own stocks? He doesn't design his own electric motors and his egg beater.Q: Do you ever worry that the success that you and Warren Buffett have enjoyed has contributed to the rise of the stock-picking profession?A: Of course I worry about that. And I have tried not to be.... I'm not the guy that's using his money to buy a big yacht, who flies his own jet airplane so he can be in the Mediterranean in the season, and so on and so on.I'm not being a big excessive spender. And I prefer my less-expensive way of life.... Who in the hell with my wealth lives in the same house he built 70 years ago?Q: The price of bitcoin has been rocketing higher again. Is that something that concerns you?A: Of course it concerns me. I have a lot of very simple fundamental ideas that I think every educated person ought to have. Those ideas include what Adam Smith taught everybody.... You've got a huge increase in what I would call civilization per capita. And it happened automatically just because people take better care of their own property than they take care of somebody else's property.... In order to get the Smithian results, you need a currency to facilitate exchanges. And to make the currency respected widely, the trick we've used is the sovereign issues it.The only way to get from hunter-gathering to civilization that we know of that's ever worked is to have a strong currency. It can be seashells, it can be corn kernels, it can be a lot of things. It can be gold coins, it can be promises in banking systems like we have in the United States and England and so on.When you start creating an artificial currency...you're throwing your stink ball into a recipe that's been around for a long time, that's worked very well for a lot of people.Q: Government regulators have recently sued Amazon, claiming that it wields monopoly power, while Google is facing an antitrust case. In your opinion should the government break up any of the big U.S. tech companies?A: I would not break them up. I don't consider it all that significant. They've got their little niches. Microsoft maybe has a nice niche, but it doesn't own the earth. I like these high-tech companies. I think capitalism should expect to get a few big winners by accident.Q: Is there anything you've learned recently from the books you've read?A: I think I learn a little something from...everything I've read. I think that one of the reasons I was as economically successful as I was in life is because I read so damn much all my life, starting when I was about six years old. I don't know how to get smart without reading a lot.Q: You've spoken about the importance of psychology in investing. Is there a cognitive bias that you think is particularly significant in the markets today?A: There are lots of cognitive biases that are very significant. One is the constant tendency to overrate your own intelligence and skills in deciding what to do and what not to do.","news_type":1},"isVote":1,"tweetType":1,"viewCount":414,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":230967427326240,"gmtCreate":1697430428329,"gmtModify":1697430432986,"author":{"id":"4145415254454072","authorId":"4145415254454072","name":"ATian","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4145415254454072","authorIdStr":"4145415254454072"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/230967427326240","repostId":"207945288392720","repostType":1,"repost":{"id":207945288392720,"gmtCreate":1691795961733,"gmtModify":1691801423502,"author":{"id":"4141429963588842","authorId":"4141429963588842","name":"TigerGPT","avatar":"https://community-static.tradeup.com/news/5b82af1deb17dfa8f94b4741b9ea2738","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4141429963588842","authorIdStr":"4141429963588842"},"themes":[],"title":"Beyond Meat, Inc.(BYND) 2023Q2 Earnings Summary","htmlText":"Bullish Points: 1. Net revenue growth drivers include increased penetration across retail and foodservice channels, strong partnerships with global QSR restaurants, distribution expansion, increased international sales, operational effectiveness, product innovation, and enhanced marketing efforts. 2. Gross profit and gross margin improvements are expected through various strategies, including lean value streams, reduced manufacturing costs, network consolidation, and supply chain logistics improvements. 3. The company is testing alternative plant-based proteins for product innovation and seeking more easily sourced ingredients. 4. Beyond Meat branded products were available at approximately 190,000 retail and foodservice outlets in more than 75 countries as of June 2023. 5. The company is","listText":"Bullish Points: 1. Net revenue growth drivers include increased penetration across retail and foodservice channels, strong partnerships with global QSR restaurants, distribution expansion, increased international sales, operational effectiveness, product innovation, and enhanced marketing efforts. 2. Gross profit and gross margin improvements are expected through various strategies, including lean value streams, reduced manufacturing costs, network consolidation, and supply chain logistics improvements. 3. The company is testing alternative plant-based proteins for product innovation and seeking more easily sourced ingredients. 4. Beyond Meat branded products were available at approximately 190,000 retail and foodservice outlets in more than 75 countries as of June 2023. 5. The company is","text":"Bullish Points: 1. Net revenue growth drivers include increased penetration across retail and foodservice channels, strong partnerships with global QSR restaurants, distribution expansion, increased international sales, operational effectiveness, product innovation, and enhanced marketing efforts. 2. Gross profit and gross margin improvements are expected through various strategies, including lean value streams, reduced manufacturing costs, network consolidation, and supply chain logistics improvements. 3. The company is testing alternative plant-based proteins for product innovation and seeking more easily sourced ingredients. 4. Beyond Meat branded products were available at approximately 190,000 retail and foodservice outlets in more than 75 countries as of June 2023. 5. The company is","images":[],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/207945288392720","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":125,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":229519558820088,"gmtCreate":1697076838859,"gmtModify":1697076842519,"author":{"id":"4145415254454072","authorId":"4145415254454072","name":"ATian","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4145415254454072","authorIdStr":"4145415254454072"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/229519558820088","repostId":"2357243262","repostType":2,"repost":{"id":"2357243262","pubTimestamp":1691456425,"share":"https://ttm.financial/m/news/2357243262?lang=&edition=fundamental","pubTime":"2023-08-08 09:00","market":"us","language":"en","title":"Beyond Meat (BYND) Q2 2023 Earnings Call Transcript","url":"https://stock-news.laohu8.com/highlight/detail?id=2357243262","media":"Motley Fool Transcribing","summary":"BYND earnings call for the period ending June 30, 2023.","content":"<html><body><div>\n<div><img src=\"https://g.foolcdn.com/misc-assets/fool-transcripts-logo.png\"/>\n<p>Image source: The Motley Fool.</p>\n</div>\n<p><strong>Beyond Meat</strong> <span>(BYND<span> -2.92%</span>)</span>Q2 2023 Earnings Call<span>Aug 07, 2023</span>, <em>5:00 p.m. ET</em></p><h2>Contents:</h2> <ul> <li>Prepared Remarks</li> <li>Questions and Answers</li> <li>Call Participants</li> </ul> <h2>Prepared Remarks:</h2> <br/> <p><strong>Operator</strong></p><p>Good day, and welcome to the <a href=\"https://laohu8.com/S/BYND\">Beyond Meat, Inc.</a> 2023 second-quarter conference call. [Operator instructions] Also, please note that this event is being recorded today. I would now like to turn the conference over to Paul Sheppard, vice president of FP&amp;A and investor relations.</p> <p>Please go ahead, sir.</p><p><strong>Paul Sheppard</strong> -- <em>Vice President of FP&amp;A and Investor Relations</em></p><div></div> <p>Thank you. Good afternoon, and welcome. Joining me on today's call are Ethan Brown, founder, president, and chief executive officer; and Lubi Kutua, chief financial officer and treasurer. By now, everyone should have access to the company's second-quarter 2023 earnings press release filed today after market close.</p> <p>This document is available in the Investor Relations section of Beyond Meat's website at www.beyondmeat.com. Before we begin, please note that all the information presented on today's call is unaudited and that during the course of this call, management may make forward-looking statements within the meaning of the federal securities laws. These statements are based on management's current expectations and beliefs and involve risks and uncertainties that could cause actual results to differ materially from those described in these forward-looking statements. Forward-looking statements in today's earnings release, along with the comments on this call, are made only as of today and will not be updated as actual events unfold.</p><div><p><strong>10 stocks we like better than Beyond Meat</strong>When o<span>ur analyst team has</span> a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, <em>Motley Fool Stock Advisor</em>, has tripled the market.* </p>\n<p>They just revealed what they believe are the ten best stocks for investors to buy right now... and Beyond Meat wasn't one of them! That's right -- they think these 10 stocks are even better buys.</p>\n<p>See the 10 stocks</p>\n<p><em><em><span>*Stock Advisor returns as of August 1, 2023</span></em></em></p></div><p>We refer you to today's press release, the company's annual report on Form 10-K for the fiscal year ended December 31st, 2022, the company's quarterly report on Form 10-Q for the quarter ended July 1st, 2023, to be filed with the SEC and other filings with the SEC for a detailed discussion of the risks that could cause actual results to differ materially from those expressed or implied in any forward-looking statements made today. Please also note that on today's call, management may reference adjusted EBITDA, which is a non-GAAP financial measure. While we believe this non-GAAP financial measure provides useful information for investors, any reference to this information is not intended to be considered in isolation or as a substitute for the financial information presented in accordance with GAAP. Please refer to today's press release for a reconciliation of adjusted EBITDA to its most comparable GAAP measure.</p> <p>And with that, I would now like to turn the call over to Ethan Brown. </p><div></div><p><strong>Ethan Brown</strong> -- <em>Founder, President, and Chief Executive Officer</em></p> <p>Thank you, Paul, and good afternoon, everyone. I will be a summary of our Q2 results. Net revenues in the second quarter came in at $102.1 million, which was down 31% year over year and slightly lower than we had forecast. This decline in net revenues reflected deeper headwinds than we previously anticipated, combined with the cycling of one of our largest quarters ever, among other factors.</p> <p>The level and mix of our Q2 net revenues coupled with certain transitory items impacted our gross margin, which came in at 2.2%. These outcomes obscure the very strong progress we are making in positioning the business for sustainable operations and growth. We reduced COGS per pound by 14% or $0.73 year over year, reduced operating expenses by 33% or $27.5 million year over year, and slash cash consumption down nearly 50% or $45.5 million year over year reflecting a business that is making early strides and implementation journey. Simply put, as we navigate what has proven to be a more prolonged crossover from early adoption to the mainstream than we anticipated.</p> <p>We are operating with increasing levels of efficiency. Before proceeding, I should note that we continue to drive costs out of our organization and products alike. Our updated and more cautious revenue outlook in the back half of the year will very likely delay our achievement of cash flow-positive operations. Nevertheless, I want to stress that we will continue to aggressively internally manage the business toward the achievement of this objective.</p><div></div> <p>The net result should be sharply reduced cash consumption for the balance of 2023 and as we move with pace to complete our cash flow positive milestone. I will now turn briefly to the three central pillars upon which we are driving the business to future sustainable growth. spec to the first pillar, that is the use of value streams across our beef, pork, and policy platforms to support operating cost, ads reductions, and margin expansion among other outcomes. We are still in the very base of our lean embolization journey.</p> <p>However, the continued emphasis across the organization on the horizontal flow of value to customers is generating results. Some of the more visible outcomes include progress across COGS, operating expenses, and cash consumption. With regard to the second pillar, the use of inventory reduction as a key lever toward achieving our cash flow positive objective, we continue to make solid progress, and in Q2, reduced inventory by $15.2 million or nearly 7% sequentially. Year to date, we have reduced total inventory by nearly $30 million or roughly 12%, bucking our historical trend, which typically sees a seasonal increase in inventory, first half of the year.</p> <p>As we look to the balance of the year, we will continue to aggressively manage inventory levels with the goal of releasing incremental cash. Turning to our third pillar, which centers on near-term opportunities to restore top-line growth, even as we nurture long-term partnerships, we are focused on five main levers: one, addressing the broader narrative around the category. Two, continuing to release new renovations innovations that bring us closer to our north star of being indistinguishable from animal protein; three, investing in resetting the retail fresh plant-based meat section. Four, implementing pricing learnings for the last 12 months; and five, supporting our largest strategic partners.</p> <p>Though we recognize that there are broader economic headwinds at play namely inflation and higher interest rates that are squeezing spending power of the consumer. We are also acutely aware that there's ambiguity and confusion around the health benefits of plant-based meats that this is weighing on the category's growth. As a brand and category, we have significantly more work to do to reach the consumer on the health benefits of Beyond Meat and plant-based meats, respectively. There is a considerable gap between the strong health credentials of our products and a broader color narrative that is now a foot, and this gap appears to have widened.</p> <p>In the two-year period 2020 to 2022, a the percentage of U.S. consumers who believe plant-based meats are healthy, dropped from 50% to 38% according to the Food Marketing Institute. As was the case during the ascent of plant-based milk, -- this change in perception is not without encouragement from interest groups who have succeeded in seeding doubt and fear around the ingredients and process used to create our and other plant-based meats. Nor is it without contribution from well-meaning yet misguided comparisons of our products to call salads versus the animal-based meats they are intended to replace.</p> <p>It is in this latter framing that we belong and excel. -- with clear nutritional advantages, including no cholesterol, lower levels of saturated fats, the absence of antibiotics, hormones, and other veterinary drugs, the absence of carcinogenic compounds such as heterocyclic gamings in the absence of precursors to TMAO, a compounded researchers have associated with heart disease and certain cancers. We are attacking this misinformation by continuing to build a body of research, such as our work with Stanford School of Medicine, which, as you will recall, showed important declines in LDL or bad cholesterol, and the aforementioned TMAO after only eight weeks of replacing animal meats with Beyond Meat. And through collaborations such as that with the American Cancer Society, where we are supporting broader studies on plant-based meats and related health outcomes.</p> <p>Our efforts also include third-party engagement, such as the American Heart Association's first-ever certification of a plant-based meat beyond stake as a heart-healthy food as well as work with registered dieticians and nutritionists for purposes of educating consumers about the strong health benefits of plant-based meats. Last week, we launched a campaign long in the making called There's Goodness Here, that shares and celebrates the farming origins of our ingredients and describes our process for turning plants into plant-based meat. The first installment of the campaign futures one of our Fabien farmers and connect the consumers to the fields where our protein has grown while explaining the clean and simple steps we use to build our plant-based meats. As you can likely tell, we are proud of our process and ingredients and are confident that the more consumers know, the more they will see the goodness in what we do.</p> <p>Goodness for the soil due to the nitrogen fixing nature of the goons that helps keep fields healthy and productive. Goodness for the farmer who can use less fertilizer as a result. Goodness for the earth, given the much lower greenhouse gas, water, land, and energy footprint, and goodness for the consumer who can enjoy the dishes they love or reaping the health benefits of our plant-based meat. In the area of innovation and renovation, the key parts of the Beyond Meat rapid and relentless innovation program.</p> <p>is to improve each of our pillars of beef, pork, and poultry over time so that one day, they are indistinguishable from their animal protein counterparts. This is a goal that we share with consumers, with 53% of all consumers agreeing that plant-based protein products should taste indistinguishable from meat according to recent data from Intel. The good news is we continue to make strong strides in this direction, all against a static target. In Q2 alone, we released a series of important iterations within our core platforms of pork and beef.</p> <p>One, we launched that we internally call Sausage 3 and the refrigerated plant-based meat section, where Beyond Meat remains in our No.1 selling brand according to spins for the latest 12 weeks ending 716. We are pleased with and point to early feedback on a renovated dinner sausage product as evidenced that despite current headwinds, we steadfastly march forward against our promise of enabling consumers to eat what you love, while simultaneously having a positive impact on your health, on the climate, environment, and animal welfare. Earlier this summer, the tasting table posted review that captures the results of our latest sausage renovation efforts, which apparently went beyond the indistinguishable goalpost, the title of which reads the revamped beyond Broadhurst and hot Italian sausage are shockingly better than pork links. We are pleased that is the No.1 selling plant-based inter sausage in retail according to SPINS data for the latest 12-week period ending 7/16/'23 and have rolled this renovation out to food service as well.</p> <p>Two, we are providing consumers with a sneak peak of our latest beef formula in the form of a soft launch of Beyond Stack burger at Kroger and select Albertsons as well as new seasons in Northern California. Like our renovated dinner sausage, this newest iteration of our burger represents the latest in our flavor and texture advances and is winning early praise. We further took this taste and texture innovation to food service as the beyond Smash Burger Lastly, even as the Beyond Burger is the No.1 selling plant-based burger across retail, according to spins for the latest 12-week period ending 7/16/'23, we are actively working on our next generation, the Beyond Burger 4. We're incorporating certain elements of the Beyond Stack and beyond SmashbolBurger.</p> <p>Accordingly, we are watching consumer and customer reactions closely and are excited by early results. In the frozen section, we continue to expand distribution on one of our new renovations beyond steak, which is the No.1 selling new plant-based knees item at retail, according to SPINS data for the 12-week period ended 716. Interestingly, recent data from a regional chain showed that more than 50% of households bought beyond stake were new to the plant-based meat category and the two out of three households repurchased beyond stake, reinforcing that this is a product that is resonating with consumers. For our newest renovations and distribution expansions and the balance of our product portfolio across retail, we are increasing our investment in in-store execution, particularly in the U.S.</p> <p>in the turbulence of the last four years with the pandemic changing consumer behaviors, high inflation and the entrance and exit of competitive players in the plant-based meat section, a reset and regrounding particularly in the refrigerated meat case is overdue. We recognize that the once clearly demarcated plant-based sections of the fresh meat case can be in certain retailers, far less defined today. In addition to working with retailers on this issue, we are doubling down on field resources to focus on shelf availability and presentation as we bring new renovations to market. As you may recall, a little over four years ago, we set a goal that within five years, we will be able to produce and sell at a cost and price, respectively, that is at parity with animal protein for at least one product in one of three platforms of beef, pork and poultry.</p> <p>I'm pleased to share that we are indeed doing that now with a meaningful product in food service and expect to be able to report more of the same over the next year. In the last 12 months of pricing exercises, we've learned more about different elasticities across our product lines. These elasticities may support a more varied approach to pricing, that will enable us to more aggressively restore margins even as we move toward price parity where it matters most. We are pleased to see the continuation of the plant nugget alongside the McPlant Burger in the German market as well as the Midland burger across the U.K., Ireland, Austria, Netherlands, Portugal and the most recent introduction, Malta.</p> <p>The McPlant platform takes hold, it is fun to see countries such as Austria, build and promote unique McPlant Burger offerings such as Steakhouse Burger and the Plant Fresh. We believe the success of the plant platform in the EU speaks to consumer and government recognition that plant-based meats are a powerful tool in addressing climate and broader environmental concerns. We're investing in team, innovation, and partnerships in the EU to be able to serve this growing trend. Before closing out, I want to emphasize how it beyond meat, we view the current category trough and how this perspective informs the strategy and tenor behind our response.</p> <p>Like many innovative disruptions throughout history, what we initially thought was going to be a quicker pace of mainstream adoption has proven to be slower. In my comments today, I emphasize familiar points of focus for us as we navigate the CASM between early adopters and mainstream consumers, continuing to improve products toward our True North amplifying our health message to counter incumbent industry positioning and noise while educating the consumer. And lastly, collapsing the cost structure of our product lines to improve margins and where it matters most, offer product at parity to animal protein. Continue to pursue each of these levers while focusing on increasing operational efficiency, driving COGS reductions, and sharply limiting cash consumption along our path to cash flow-positive operations.</p> <p>Though we believe equally in the four social goods behind our brand, human health, climate, natural resource conservation, and animal welfare. One cannot help but notice the urgent intensification of climate dialogue across global leadership and societies, with what may be the hottest period on record in the last 120,000 years and the many well-covered heat wave storms, fires, and other extreme weather events across the planet this summer. The abstract notion of climate change is increasingly tangible to the everyday consumer. The greater use of plant-based meat is a powerful tool in our global response, particularly because it targets greenhouse gases, namely, nitrous oxide and methane that are not only highly potent but also the removal of which can have a more immediate impact on slowing climate change due to their shorter residency in the atmosphere.</p> <p>We believe the transition to a more plant-based food system is not only inevitable, but gaming urgency that despite current challenges of a nascent category and brand, we are highly confident that Beyond Meat is well-positioned to play a leading role. With that, I'll turn it over to Lubi, our chief financial officer and treasurer, to walk us through second-quarter financial results. in greater detail as well as update our outlook for 2023.</p><p><strong>Lubi Kutua</strong> -- <em>Chief Financial Officer and Treasurer</em></p> <p>Thanks, Ethan. On the surface, Q2 was a disappointing quarter for us as net revenues and gross profit fell short of our expectations. However, as I will discuss shortly, several factors are indicative of the continued progress we are making in improving the intrinsic operating performance of our business, giving us reason to be optimistic for the long term. These factors include our underlying gross margin performance when adjusted for certain transitory impacts, our ongoing progress on cost containment and operating expense management, our fifth consecutive quarter of inventory redone and the steep reduction of our overall cash consumption year over year.</p> <p>Although the operating environment within our sector is proving more challenging than previously anticipated, we believe the foundational work against which we are making good progress will better position our company to capitalize on the opportunity ahead of us. Let me now dive into our Q2 financial results in a bit more detail. Beginning with net revenues. Volume of products sold declined by 23.9% year over year, while net revenue per pound decreased 8.6% year over year resulting in an overall net revenue decline of 30.5% compared to the prior year period.</p> <p>On an absolute basis, the decrease in volume of products sold was primarily driven by the decline in our U.S. retail channel and, to a lesser extent, a decline in U.S. food service. In U.S.</p> <p>retail, the decline in volume primarily reflected weaker-than-expected demand in the category, cycling of significant jerky sell-in in the year-ago period, and to a lesser extent, the impact from competition. U.S. Foodservice was similarly impacted by weak overall demand and a difficult year-over-year comparison as Q2 2022 was a particularly strong quarter for U.S. Foodservice driven by restocking of that channel following its reopening post COVID.</p> <p>With respect to pricing, the roughly 9% year-over-year decrease in net revenue per pound was primarily attributable to changes in product sales mix and increased trade discounts, partially offset by reduced sales to discount channels, which suppressed price realization of certain items in the year-ago period. As it relates to product sales mix, relative underperformance of our core products, namely burgers, ground beef, and dinner sausage generally has a negative impact on net price realization for our business. As for trade discounts, special promotional programs intended to attract new users to our category drove a meaningful increase year over year. Although these programs showed initial promise, they did not scale well at retail and ultimately did not bring about the desired increase in new category users.</p> <p>We will be refocusing our promotional spending in view of these learnings from these programs. Moving on to gross margin. our Q2 gross profit was $2.3 million or gross margin of 2.2% of net revenues. Although this represents over 6 points of margin improvement versus the year-ago period, including the impact on depreciation expense from the change in our accounting estimate associated with the estimated useful lives of our large manufacturing equipment fell short of our previously stated expectation to drive sequential margin improvement throughout the year.</p> <p>Gross profit and gross margin were positively impacted by lower materials costs lower inventory reserves and lower logistics cost per pound, partially offset by higher manufacturing costs, excluding depreciation, and as I just discussed, lower net revenues per pound. Total COGS improved by $0.73 per pound year over year, and we are pleased to see our cost down initiatives yielding savings on materials costs and the reduction in logistics costs that tests to some of the early results from our network consolidation strategy. Within manufacturing costs, overall success in reducing tolling fees on a year-over-year basis was partially offset by underutilization fees, which we view as transitory of approximately $800,000, driven by softer demand and some start-up delays as we ramped up production lines within a new co-manufacturing site. And COGS this quarter was negatively impacted by the flow-through of higher cost inventory produced in the fourth quarter of last year when we curtailed production volume in response to weak demand resulting in the capitalization of inventory bearing high labor and overhead costs.</p> <p>Turning to operating expenses. We saw a year-over-year reduction of 33% and from $83.5 million in the second quarter of 2022 to $56 million this quarter. The main drivers of this were reduced nonproduction headcount expenses primarily as a result of the reduction in force implemented in October 2022, lower legal and consulting fees, decreased production trial expenses, and lower outbound freight costs. This also represented a sequential quarterly reduction of 12%.</p> <p>We are pleased with our team's continued diligence in keeping costs contained, reflecting early success in our ongoing adoption of lean management principles. Moving further down the P&amp;L. In other expense income, we benefited from meaningfully lower realized and unrealized foreign currency losses as well as higher net interest income year over year. In addition, loss from our unconsolidated joint venture, TPP was lower year on year, reflecting very limited economic activity in the JV this quarter as we continue to transition our jerky business to Beyond Meat.</p> <p>Overall net loss was, therefore, $53.5 million in the second quarter of 2023, or net loss per common share of $0.83, compared to net loss of $97.1 million or $1.53 per common share in the year-ago period. Adjusted EBITDA was a loss of $40.8 million or negative 40% of net revenues in the second quarter of 2023, and compared to an adjusted EBITDA loss of $68.8 million or a negative 46.8% of net revenues in the year-ago period. Now turning to our balance sheet. Our cash and cash equivalents balance, including current and noncurrent restricted cash was $225.9 million and total debt outstanding was approximately $1.1 billion as of July 1st, 2023.</p> <p>Inventory fell to $207.1 million, a reduction of $15.3 million compared to the previous quarter demonstrated continued progress against our inventory drawdown initiatives. As I mentioned, this represents our fifth consecutive quarter of inventory reduction, and we remain highly focused on driving further reductions in the balance of the year. Turning to cash flows. Net cash used in operating activities in the second quarter of 2023 was $46.2 million or a $24.3 million decrease compared to the year-ago period.</p> <p>Capital expenditures totaled $1.8 million in Q2 of 2023, compared to $20.4 million in the year ago period. And our total cash consumed in Q2 amounted to $47.7 million or 49% less than the year-ago figure of $93.2 million. Taken together, these improvements in COGS, operating expenses, inventory drawdown, and cash consumption demonstrate that we continue to make real strides in managing our business more efficiently. However, where we are experiencing greater-than-expected pressure is on net revenue growth and its attendant implications for gross margin.</p> <p>We attribute this at least in part to persistent weakness in the category that transcends beyond me. But as Ethan discussed earlier, we continue to pursue several growth strategies to drive better outcomes on our top line. Let me now provide some commentary about our 2023 outlook. As Ethan mentioned, we do anticipate a return to modest year-on-year revenue growth in the second half of 2023, and as we cycle notably weak comparisons from a year ago and as we expect to see continued expansion of newer products in the U.S., distribution growth in international markets and continued progress with key strategic accounts internationally.</p> <p>However, greater-than-expected category headwinds, particularly in the U.S., is resulting in a more cautious outlook for the balance of the year. And as such, we now expect net revenues for the full year to be in the range of $360 million to $380 million representing a decrease of approximately 14% to 9% compared to 2022. Gross margin is now expected to be in the mid- to high single-digit range reflecting both the Q2 outcome as well as the expected impact from reduced revenues. Operating expenses are expected to be approximately $245 million or less and capital expenditures are now expected to be in the range of $20 million to $25 million.</p> <p>Finally, with respect to the company's previously stated target of achieving cash flow positive operations within the second half of 2023, we now believe this objective is unlikely to be met in light of the current operating environment, which points to greater category headwinds than previously expected. Nonetheless, we remain committed to significantly reducing our rate of cash consumption in the second half of the year as compared to the first half, and we will be prudently managing our cost base in the coming quarters to move toward our ultimate North Star of cash flow positive operations. With that, I'll conclude my remarks and turn the call back over to the operator to open it up for your questions. Thank you.</p> <h2>Questions &amp; Answers:</h2><br/> <p><strong>Operator</strong></p><p>[Operator instructions] And our first question here will come from Adam Samuelson with Goldman Sachs. Please go ahead.</p><p><strong>Adam Samuelson</strong> -- <em>Goldman Sachs -- Analyst</em></p> <p>Yes. Thank you. Good afternoon, everyone.</p><p><strong>Ethan Brown</strong> -- <em>Founder, President, and Chief Executive Officer</em></p> <p>Hey, Adam.</p><p><strong>Adam Samuelson</strong> -- <em>Goldman Sachs -- Analyst</em></p> <p>Hi. So maybe just talking about updated sales outlook and maybe specifically in U.S. retail, you alluded to some challenges in scaling some of the trial and promotion activity in the U.S. How should we think about that moving forward? And as we think about the need to accelerate kind of volume consumption kind of as a pathway to future growth.</p> <p>Kind of what -- where is the pivot from a marketing and product and distribution perspective that's going to enable that?</p><p><strong>Ethan Brown</strong> -- <em>Founder, President, and Chief Executive Officer</em></p> <p>Sure. Thank you for the question. And I'll maybe start and then hand it over to Lube for some additional detail. But first and foremost, I want to stress some of the things that we covered in our prepared remarks.</p> <p>Despite bringing down the forecast somewhat for the balance of the year, we are very excited to be coming out of what we view as a trough in the category and resuming growth in the third and fourth quarter. So I don't want to lose sight of that. you'll also see an improvement in gross margin, we believe, in the third and fourth quarter, particularly as we move further away from higher-cost products that we produced during earlier quarters, and can take advantage of some of the lean work we've been doing around cost down on COGS. You also see us continue to make really strong progress on reducing operating expense, I think down 32%, as I mentioned year over year, and then cash down about 50 -- near $50 million.</p> <p>On top of that, you can see improvement in products. And this is a core, I think, part of the answer that I'm going to give you on sort of how we are thinking about continued growth. First and foremost, if you look at whether it's a state product and all the reviews it's getting and the fact it's the No.1 new plant-based meat product in the category. Look at the recently renovated dinner sausage where that also is the No.1 based sausage.</p> <p>In the category. And then you look at our burgers, continues to be the top-selling plant-based burger. And we're shifting into both the new formula and texture that we're releasing in food service as the Smashburger we have released and just demoed and trialing in retail, something called the Stack Burger, which captures some of those improvements. So continue to improve the products, continue to operate the business much more efficiently.</p> <p>I think the last piece is attacking ahead on this ambiguity that exists around the health benefits of plant-based media, and particularly Beyond Meat. They are extremely strong, and this is something that we've adapted through research and through partnerships, whether it's the American Cam society work we're doing or the certification from the American Art Association around our stake, the work with Stanford School medicine, all the things I mentioned in my prepared remarks, but we're now taking a step further and going to be much more aggressive in our marketing around the goodness within our products. And I think if you were looking at some of our marketing recently last week, we released there's goodness here, which is a campaign focused on celebrating the ingredients we use, the farmers who grow them and the process that we use to turn the plant material into meet all these things are part of our health message and our health story. So as we look at the second half of the year, that efficiency that keeps continuing throughout the organization, the reduction in cost of our goods and then the restoration of the message around the entire category.</p> <p>We view those as key to the resumption of growth. We're also looking at some more tangible things as we go off of this forecast, but increases behind both in the U.S. and in Europe and things of that nature. Lubi?</p><p><strong>Lubi Kutua</strong> -- <em>Chief Financial Officer and Treasurer</em></p> <p>Yeah, Adam. I would just add that I think just given the -- some of the pressures that we've seen in the broader environment, we are, I think, navigating some challenges that are reducing the overall effectiveness of promotional spending. And it's an impact that transcends the plant-based meat category. I think others more broadly in the industry have reported sort of similar phenomenons going on in the areas that they play in.</p> <p>And so in relation to your question and sort of how we're thinking about this is we're definitely taking learnings from we had some targeted promotional programs early in this year, which were really intended to bring more consumers into the category. But I think what we're seeing is, for various reasons, some of which Ethan mentioned in his prepared remarks. There are things that are putting a lot of pressure on our category, in particular, some of which is related to messaging, which we're starting to I think be a little bit more vocal about if you look at our recent campaign that just came out. But certainly, we are -- our goal is to be sharper in terms of how we deploy our promotional spending.</p> <p>And so we expect to see some benefits from that in the latter part of this year and as we move forward.</p><p><strong>Ethan Brown</strong> -- <em>Founder, President, and Chief Executive Officer</em></p> <p>Maybe I'll just add a little bit to that. I mean I think one of the key issues is if the category itself is facing some headwinds. And so if you look at -- if I kind of start on more broadly and you look at the overall consumer and some of the diminished outlook the consumer has around their own financial situation and then you look at what consumers are doing in the protein space, including animal protein, where they're trading down among proteins and also buying less of protein. But then you get to our category where we are high priced, and so not going to do particularly well in that environment, but also now have this kind of the ambiguity around health you can see how potentially pricing is going to be less impactful given that you're not bringing new people into the category because of those macro conditions and some of the -- so for us, it's really around restoring the category message and making sure the consumer understands that and has a reason to come into the category.</p> <p>At that point, we think some of the promotional activities will probably be more effective.</p><p><strong>Adam Samuelson</strong> -- <em>Goldman Sachs -- Analyst</em></p> <p>There was a lot there. A lot of color. I appreciate it. I'll pass it on.</p><p><strong>Ethan Brown</strong> -- <em>Founder, President, and Chief Executive Officer</em></p> <p>Sure.</p><p><strong>Operator</strong></p><p>And our next question will come from Peter Galbo with Bank of America. Please go ahead.</p><p><strong>Peter Galbo</strong> -- <em>Bank of America Merrill Lynch -- Analyst</em></p> <p>Hey, guys. Good afternoon. Just maybe a 1A and 1B on super quick modeling questions. Just LubI, is there any differential we should think about in terms of the revenues between 3Q and 4Q cadence would be helpful -- and then secondly, on the cash burn, it seems like you're saying it should improve in the third and fourth quarters.</p> <p>It's been running about $50 million a quarter over the past 12 months. Just anything you could help us to mention about how much improvement you'd expect there.</p><p><strong>Ethan Brown</strong> -- <em>Founder, President, and Chief Executive Officer</em></p> <p>Yeah. Just quickly on the cash flow. I mean, it's not that we're walking away from that in any way, shape or form. It's just with the top line coming down somewhat, we wanted to caution that it was going to be unlikely within the time frame it best -- that said, you should see a sharp reduction in cash consumption across the balance of the year.</p> <p>And certainly, internally, we continue to drive the business toward achieving that goal. But we'd rather keep that as an internal goal and give a little more room externally on when we cross over the cash flow post. Lubi?</p><p><strong>Lubi Kutua</strong> -- <em>Chief Financial Officer and Treasurer</em></p> <p>Yeah. So, Peter, to your first question around the sort of cadence of revenues in the back half of the year. We're not providing specific guidance by quarter at this time. However, if you look at historically the third quarter being typically a little bit stronger than the fourth quarter just from a seasonal demand perspective.</p> <p>I don't think there would be anything that would deviate significantly from that this year. And then just to your question around cash consumption and how that evolves in the second half relative to the first half. I think there are several things, right, that we're looking at. And first and foremost is we have to deliver on our revenue projections for the balance of the year.</p> <p>And then in conjunction with that, we also have to deliver on our gross margin targets, right, to ultimately generate gross profit dollars, right? And then once we do that, we -- it's about continuing to contain costs from an opex perspective. There's some opportunities that we're looking at from a capex perspective where we can potentially defer some capex projects that we were anticipating would happen in the back half of this year. there's things related to our inventory reduction efforts, which we're still very focused on. You put all of those things together, and we do expect that the overall level of cash consumption in the back half of this year will still be -- should be significantly lower than what we saw in the first half.</p> <p>And so those are the primary things, I think that bridge that gap.</p><p><strong>Peter Galbo</strong> -- <em>Bank of America Merrill Lynch -- Analyst</em></p> <p>Great. Thank you.</p><p><strong>Operator</strong></p><p>Our next question will come from Ken Goldman with J.P. Morgan. Please go ahead.</p><p><strong>Ken Goldman</strong> -- <em>JPMorgan Chase and Company -- Analyst</em></p> <p>Hi. Thank you. I wanted to ask about your strategy for R&amp;D spending. It's down.</p> <p>but it's still 9% of your sales this quarter, which is meaningfully more than what we see from a typical packaged food company. And I agree you're not a typical packaged food company, but you talk about the biggest issue facing the category being maybe a misperception of the health benefits. You've had some recent launches. I hope it's not unfair to say the results are some good, some may be slightly disappointing.</p> <p>Why not divert some of this R&amp;D spend toward brand building toward category building? If you're -- if that's the biggest issue that you're facing, why not really maybe lean into that a little more.</p><p><strong>Ethan Brown</strong> -- <em>Founder, President, and Chief Executive Officer</em></p> <p>Thanks, Ken. Appreciate the question. And so I think the main response I have is that we are certainly emphasizing spend on the category narrative and also reaching out across companies to help us do this. There's a bunch of companies, obviously, in our category, all rising and falling with this narrative.</p> <p>And so bringing together industry coalitions to address this is an important way to handle it. But we are looking at how do we reallocate funding toward marketing to clean up this messaging because it is just an education issue. I mean the facts are there. The health benefits of our products are very strong.</p> <p>We see that in the work we do, not only with universities, but in general, just seeing consumers and how their lives can change. So -- it's a very good question. I won't comment specifically on how much we're going to allocate toward R&amp;D versus this. But I think the emphasis in your question is the right one.</p><p><strong>Ken Goldman</strong> -- <em>JPMorgan Chase and Company -- Analyst</em></p> <p>And then just quickly, how are you doing with meat eaters or flexitarians versus pure vegans lately? What are your data telling you about how the vegans are looking at your product or at your category compared to how they used to? Are they being affected by the marketing as well?</p><p><strong>Ethan Brown</strong> -- <em>Founder, President, and Chief Executive Officer</em></p> <p>I think to a lesser extent, I mean there are the folks that I mentioned that would be susceptible to some of the kind of more, let's say, I don't know, the foodies that would compare us to a salad or something of that nature. And we always resist that, right? I mean our really, our point of relevance is the health benefits relative to animal protein, where those are extremely strong. So we continue to see the consuming family be a mix of basic flexitarians essentially. And that's where we want to be.</p> <p>I think the main issue with the categories is not bringing in enough new consumers. That's the No.1 issue. It's not necessarily the characteristics of the consumer. It's that overall pie is not growing, and that's what we need to fix together, and we're working on the other companies.</p><p><strong>Ken Goldman</strong> -- <em>JPMorgan Chase and Company -- Analyst</em></p> <p>All right. Thank you</p><p><strong>Operator</strong></p><p>Our next question will come from Robert Mosca with TD Cowen. Please go ahead.</p><p><strong>Robert Mosca</strong> -- <em>TD Cowen -- Analyst</em></p> <p>Hi, Ethan. Hi, Lubi. I was wondering as you start to look ahead to 2024 and beyond. In your like long-term scenario planning, do you ever consider the possibility of that this business may be a $300 million business instead of $350 million plus or a $250 million business, shrinking into wind is always a tough strategy.</p> <p>But given what you're up against here in terms of consumer perception and what I'm sure are some very good core consumers who care about the environmental impact of what you're doing -- is that a possible strategy? And would you consider rightsizing the company in that direction ever?</p><p><strong>Ethan Brown</strong> -- <em>Founder, President, and Chief Executive Officer</em></p> <p>Yeah. I mean disagree pretty rigorously with that future. If you look at where we're operating, if you look at some of the positive trends that we're seeing, including the fact that we're assuming growth quarter over quarter and been through, I think, what is the most difficult period for the business, but take care, for example, and look at our strategics over there. And the progress we're making now in Germany, we're selling both burgers and nuggets and doing so with high acceptance among consumers.</p> <p>Just I think we've had another launch with McDonald's on Malta. You look at -- and I think I don't think I mentioned this in my prepared remarks, but interestingly enough, and I'll let McDonald's comment on their own outcomes, but a competitor shared that a very large global burger chain that one in five of their signature burgers in Germany is now plant-based. And so if you look at whether it's those trends or universities or just overall consumption of animal protein in certain European countries, you can see a very, very strong trend in the right direction. Then you come to the U.S.</p> <p>and while older people aren't necessarily wrapping their minds around these younger people are. And so if you look at how institutions are responding to that, for example, take some of the biggest food providers in the country, <a href=\"https://laohu8.com/S/ARMK\">Aramark</a> I think it was Aramark committed to increasing their plant-based menus to 50% by 2025. I think Sodexo was something like 4% across more than 250 universities in the country. So the trend is really -- is here.</p> <p>There's some distortion in it like many early disruptions. But sort of I mentioned many times at kind of the history is very much on the side of what we're trying to accomplish. And so even if all of these other things don't get cleared up, which they will, around health, et cetera. You have a common crisis, which is now becoming more and more real for the consumer.</p> <p>And there is really no way to get at that without fixing food. And so our job as a company is to continue to get much more efficient, continue to drive cost out of our products and be here. So when folks are ready to make this transition on their terms, we can sort of been doing that. But I do not see it going backwards in any shape or form in the direction you just noted.</p><p><strong>Robert Mosca</strong> -- <em>TD Cowen -- Analyst</em></p> <p>Yeah. I appreciate the clarity. Thank you.</p><p><strong>Operator</strong></p><p>Our next question will come from Peter Saleh with BTIG. Please go ahead.</p><p><strong>Peter Saleh</strong> -- <em>BTIG -- Analyst</em></p> <p>Great. Thanks. I wanted to ask about the overall category and really what you're seeing. It seems like you're finding some success in some of these international markets, yet your sales in the U.S.</p> <p>continue to be under a significant amount of pressure. So maybe you can help us understand, are there any learnings that you can take from what you're seeing in international markets and apply them to the U.S.? What's happening internationally that's not occurring in the U.S. to drive maybe the trend better. Are the prices lower in international markets like Germany? Or what exactly is the difference that you're seeing better adoption there?</p><p><strong>Ethan Brown</strong> -- <em>Founder, President, and Chief Executive Officer</em></p> <p>That's a great question. So the answer is this, and it's somewhat nuance, but it's the message and the reason the why is clear, right? So in Europe, the OI is different than it is here in the United States, particular. -- right? So consumers are very concerned about climate and the environment in Europe. Government is concerned that is too concerned about it.</p> <p>And they see for the reasons I mentioned in my prepared remarks, changing food as a key way to adopt and adapt in the time frame that we need to. And again, this actually has to do with specific -- the nature of this sort of admissions coming from different sources of greenhouse gas. And so in the case of animal protein in venturous oxide and methane, those are very potent emissions but also have a shorter residency in the atmosphere. So clear them out, right, you can basically buy time and deal with the climate issue one of the most effective ways.</p> <p>So Europe understands that. The consumer is getting that young people that are getting in Europe -- and here in the U.S., it's more driven by health, and there's been a decline in the health perception of our category. And so I think we noted there's a food research institute or something in that good marketing institute noted 50% of consumers in 2020 thought that plant-based needs were healthy and now that number is down at 38%. That's a clear outcome of some competitive marketing we've done against us, and they've done a really good job at it.</p> <p>done a very impressive job in changing the consumer perception. We now have to do the heavy work as an industry to pick up. But that's the main difference, right? There's a clear and compelling why in Europe there was clear in the billing it here that has got a road that's become eroded, and we need to basically reestablish that. That's what we're doing.</p><p><strong>Peter Saleh</strong> -- <em>BTIG -- Analyst</em></p> <p>Can I just follow up on the number, the 50% going to 38% perception. Has that continued to decline in '23? I'm not sure if you know. And what do you think it was going to take to kind of bend the curve there on that figure?</p><p><strong>Ethan Brown</strong> -- <em>Founder, President, and Chief Executive Officer</em></p> <p>Yeah. I don't know Second, but my guess is that it's going to start reversing. And the reason that's going to start reversing is one I think it sort of plays its course. At some point, there's -- that people medical community and others start to push back and say, wait a minute, guys, this is going too far.</p> <p>This is a very helpful tool to combat diabetes care to use cancer. That's why you see easily stand up to going to certify first day ever, right at the heart of the state works or the scamper work we're doing or the work we're doing about cancer side. I mean at some point, right, you get -- you strip out the noise and you start to see some of the key proof points. I think there's some additional work is being done outside of our company and in the broader category that also helped that -- so I -- it could continue to worsen, but I got it.</p> <p>I think you'll start to see a rebound.</p><p><strong>Peter Saleh</strong> -- <em>BTIG -- Analyst</em></p> <p>Thank you.</p><p><strong>Operator</strong></p><p>Our next question will come from Ben Theurer with Barclays. Please go ahead.</p><p><strong>Ben Theurer</strong> -- <em>Barclays -- Analyst</em></p> <p>Yeah. Good afternoon, Ethan, and Lubi. Thanks for your color and so on the clarification. I wanted to dig a little deeper into the food service in the U.S.</p> <p>And it kind of feels like it was like that area where we expect a lot of growth with some of these announcements back in the past. Yum!, McDonald's, and so on. But it kind of feels like it's not taken off and sounds like a level of these mid-teens somewhere on a revenue basis. So it doesn't really feel like it's delivering.</p> <p>Well, on the other side, the international piece has done significantly better on food service. So maybe following on some of these questions around consumer trends. How do these food service channels, why is it so different that the performance of Foodservice International versus Foodservice U.S., that would be much appreciated.</p><p><strong>Ethan Brown</strong> -- <em>Founder, President, and Chief Executive Officer</em></p> <p>Sure. I think it gets to the consumer again in each market. So I think if we look at the EU, I think the consumer receptivity and readiness is there. And I think that our studio partners recognize that, and so that's where they're emphasizing.</p> <p>But I don't think it's a binary issue, right? I think that it's a timing issue. And my strong view is if you're in the U.S., you'll see a resumption of activity among QSRs. In fact, I think that's something that we feel comfortable about. So it's very much part of the larger trends we just discussed.</p> <p>There's been a there was prolific growth and excitement around the category. You go through that and you go through the kind of trough of what they say trough dissolution and then you come back up on the slope of enlightenment. And I think we're kind of in that area where we're coming back out of it. I wanted to get through this quarter.</p> <p>I'm very glad it's over. I'm very glad to be in this quarter and for the balance of the year because I do think you'll see some of that resumption of growth, not in any way what we had a few years ago. for the balance of the year, but modest growth, it shows we're coming out of this, and that's what I'm really looking forward to.</p><p><strong>Ben Theurer</strong> -- <em>Barclays -- Analyst</em></p> <p>Thank you.</p><p><strong>Operator</strong></p><p>Our next question will come from Michael Lavery with Piper Sandler. Please go ahead.</p><p><strong>Michael Lavery</strong> -- <em>Piper Sandler -- Analyst</em></p> <p>Thank you. Good afternoon. I sort of want to ask almost the opposite of Ken Goldman's question. I think that the health discussion is interesting and the study numbers are certainly interesting, but at least in the U.S., consumers overwhelmingly say that their primary consideration is taste.</p> <p>And even price and health benefits or health considerations are far behind. And so how can you continue to develop a better product? I think that's in so many consumers' minds, kind of the centerpiece the 9%, obviously, in fairness to his point is a lot, but is -- can you give a sense of what may be ahead and how much more quickly product development could advance that might be the difference maker for at least a large percentage of U.S. consumers.</p><p><strong>Ethan Brown</strong> -- <em>Founder, President, and Chief Executive Officer</em></p> <p>It's a great, great question. And then Ken's question is fair, and this is also -- I think it's the right balance you guys are trying to strike here and the one that we think about all time. So I would refer to that tasting table review of the dinner sausage, where we've always said our North Star is -- should be indistinguie. But I have heard this from others that the new sausage, what we call Sausage 3, people enjoy that actually more than the animal protein equivalent.</p> <p>And our efforts will usually get into the part. So I think we are making strong progress there. I think if you look at the state product, and you hear that up, it's absolutely delicious. You have such high levels of protein and I think less than a gram or gram or so saturated that so many benefits to it, but anyway.</p> <p>So all of those things matter when the consumer is willing to come in, right? But if there's a kind of cloud over the sector. right? Those things matter less. And so price matters less and the improvements making taste nonetheless. So our No.1 goal in this area is to lift that cloud and to educate the consumer about the health benefits of the products then I think things like taste will really start to matter again.</p> <p>You need to give the consumer taste is the most important thing to right? But you need to give the consumer a motivation beyond that, because animal protein tastes good, too, right? So -- we have to deliver on and slightly more with Lioncast and other attributes. And for the U.S. consumer, it's taste and health. I'll just do a shameless plug for a new burger.</p> <p>You should go out and you should try in food service what is called the Beyond Meat master or in retail potion to stack that has a new flavor formula and a new texture, which I think, again, got a review said something like early reminiscent something of that nature of animal burger. So we keep making better not there yet. But again, let's let the ear clear on these other issues and that, that will be something that's really pleasing.</p><p><strong>Operator</strong></p><p>Our next question will come from Rob Dickerson with Jefferies. Please go ahead.</p><p><strong>Rob Dickerson</strong> -- <em>Jefferies -- Analyst</em></p> <p>Great. Thanks so much. Just kind of a simple question. I mean it sounds like kind of back half U.S.</p> <p>retail revenues are expected to grow a little bit. I'm assuming that's clearly volume based kind of easier compares off of last year's back half. But is there something unique that just kind of drives that volume because a lot of the conversation these days is what happens when you have student loan payments to kind of circle back a little bit and maybe the consumer is not so strong, and there's not a lot of companies have a lot of conviction in the strength of the consumer, and you're saying the consumer is still a little tight. We have a premium product at the same time, yes, revenues are going to get better.</p> <p>I don't know if that's just the kind of points of distribution or why you have that conviction?</p><p><strong>Ethan Brown</strong> -- <em>Founder, President, and Chief Executive Officer</em></p> <p>Yeah. So it's a good question. So it's a couple of things. One, it's again, the lower comps we have year over year.</p> <p>Two, it's some increased distribution both in retail and in food service and globally. It's continued strength of our strategic partnerships, particularly in Europe, things of that nature. So that's really what's driving it versus any sense that the consumer is going to automatically have a better outcome -- outlook coming of that nature. It's more of those tactical things that we know to be present.</p><p><strong>Rob Dickerson</strong> -- <em>Jefferies -- Analyst</em></p> <p>OK. OK. Fair enough. And then I guess kind of late in the queue here, but I'll circle back to Ken's question.</p> <p>There's another question on R&amp;D. I think it was labor, kind of R&amp;D versus advertising and you talked about new Smashburger taste profile. I just feel like maybe not as much as an analyst, but just a consumer that when you kind of change the taste profile, like should we also be expecting kind of investment community to like see new ads about that, like you walk into the store and it's going to show why it tastes better. Just something for a hook because I do feel like you are kind of on a rolling basis renovating the product, but maybe consumers don't know.</p> <p>So that's all.</p><p><strong>Ethan Brown</strong> -- <em>Founder, President, and Chief Executive Officer</em></p> <p>Yes, it's also a very good question. You should expect that. I think we've been focused right now during a period when a lot of these flowed through on cleaning up this health narrative. So I think a lot of our marketing for the balance of the year is going to hit that theme.</p> <p>But overall, my vision for this is that it would be very much like the release of any new product, three, four, five, six, seven generate excitement on each of those. So -- but I think right now, we have a broader category issue that we have to hammer home. And once we can fix that, then we can spend those dollars in a more tactical one.</p><p><strong>Rob Dickerson</strong> -- <em>Jefferies -- Analyst</em></p> <p>Fair enough. Thanks, Ethan.</p><p><strong>Operator</strong></p><p>And our next question will come from Andrew Strelzik BMO. Please go ahead.</p><p><strong>Andrew Strelzik</strong> -- <em>BMO Capital Markets -- Analyst</em></p> <p>Good afternoon. Thanks for taking the questions. I had two quick ones. First, what are you seeing in terms of competitive dynamics across the category? You mentioned your use of trade discounts in the quarter and as you're seeing the pressures on the category, are you seeing more competitive activity, competitive intensity pick up alongside that? Or how are you expecting that to evolve going forward? That would be the first question.</p> <p>And the second question is just on the margin side. there are a bunch of headwinds that you listed impacting the quarter, which of those do you see sticking around versus moderating through the rest of the year or within the high-level buckets as you mentioned, where you see the biggest opportunity for margin expansion?</p><p><strong>Ethan Brown</strong> -- <em>Founder, President, and Chief Executive Officer</em></p> <p>I'll start with the second one on margin. I mean I think one of the transitory issues that we don't expect to see again with a flow-through of some highly capitalized inventory last year. And that was -- I think we did the right thing there where we were slowing production to help us run through inventory for the balance of 23%, but it cost us a little bit this quarter. We had some underutilization things and some other stuff that we don't expect to reoccur at the same level.</p> <p>So we feel pretty good about the balance of the year, but finally, some of this really good COGS were showing up. On the broader category and competitive dynamics. I think that's only -- I mean there's two ways to look at it. One is, again, like let's get the category message right first, so we can welcome new people into the category again.</p> <p>And I think doing a lot of continued discounting, whether it's us or a major competitor we're just trading among consumers. So it's less productive. So I think it's really about restoring the overall category message. But the thing that has happened is there's been a tremendous kind of shakeout in the category, which is to our benefit.</p> <p>We're still standing. We feel very strong. We feel our product is getting better, our cost starts getting lower. Our operations are getting more efficient.</p> <p>Our strategic partnerships are moving forward. So we have a lot of confidence about our future even as we're seeing less competitors. They have a good competitor, a hospital is a very good competitor, and they're doing a lot of good things, but that's good for the category. It's very good for the category.</p><p><strong>Andrew Strelzik</strong> -- <em>BMO Capital Markets -- Analyst</em></p> <p>Great. Thank you very much.</p><p><strong>Operator</strong></p><p>This concludes our question-and-answer session. I'd like to turn the conference back over to Ethan Brown for any closing remarks.</p><p><strong>Ethan Brown</strong> -- <em>Founder, President, and Chief Executive Officer</em></p> <p>We appreciate, everyone, sticking with us through the quarter. We knew this was going to be a tough comp and it didn't materialize exactly what we wanted to. But I think the good news is we're through to a second half, which we hope will show return to growth and the first in what will be, I think, a good climb out of this and look forward to reporting that next quarter.</p><p><strong>Operator</strong></p><p>[Operator signoff]</p> <p><strong>Duration: 0 minutes</strong></p><h2>Call participants:</h2><p><strong>Paul Sheppard</strong> -- <em>Vice President of FP&amp;A and Investor Relations</em></p><p><strong>Ethan Brown</strong> -- <em>Founder, President, and Chief Executive Officer</em></p><p><strong>Lubi Kutua</strong> -- <em>Chief Financial Officer and Treasurer</em></p><p><strong>Adam Samuelson</strong> -- <em>Goldman Sachs -- Analyst</em></p><p><strong>Peter Galbo</strong> -- <em>Bank of America Merrill Lynch -- Analyst</em></p><p><strong>Ken Goldman</strong> -- <em>JPMorgan Chase and Company -- Analyst</em></p><p><strong>Robert Mosca</strong> -- <em>TD Cowen -- Analyst</em></p><p><strong>Peter Saleh</strong> -- <em>BTIG -- Analyst</em></p><p><strong>Ben Theurer</strong> -- <em>Barclays -- Analyst</em></p><p><strong>Michael Lavery</strong> -- <em>Piper Sandler -- Analyst</em></p><p><strong>Rob Dickerson</strong> -- <em>Jefferies -- Analyst</em></p><p><strong>Andrew Strelzik</strong> -- <em>BMO Capital Markets -- Analyst</em></p>\n<p>More BYND analysis</p>\n<p>All earnings call transcripts</p>\n</div></body></html>","source":"stock_motley_transcript","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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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\">\nBeyond Meat (BYND) Q2 2023 Earnings Call Transcript\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-08-08 09:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/earnings/call-transcripts/2023/08/07/beyond-meat-bynd-q2-2023-earnings-call-transcript/><strong>Motley Fool Transcribing</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Image source: The Motley Fool.\n\nBeyond Meat (BYND -2.92%)Q2 2023 Earnings CallAug 07, 2023, 5:00 p.m. ETContents:  Prepared Remarks Questions and Answers Call Participants  Prepared Remarks:  ...</p>\n\n<a href=\"https://www.fool.com/earnings/call-transcripts/2023/08/07/beyond-meat-bynd-q2-2023-earnings-call-transcript/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BYND":"Beyond Meat, Inc."},"source_url":"https://www.fool.com/earnings/call-transcripts/2023/08/07/beyond-meat-bynd-q2-2023-earnings-call-transcript/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2357243262","content_text":"Image source: The Motley Fool.\n\nBeyond Meat (BYND -2.92%)Q2 2023 Earnings CallAug 07, 2023, 5:00 p.m. ETContents:  Prepared Remarks Questions and Answers Call Participants  Prepared Remarks:  OperatorGood day, and welcome to the Beyond Meat, Inc. 2023 second-quarter conference call. [Operator instructions] Also, please note that this event is being recorded today. I would now like to turn the conference over to Paul Sheppard, vice president of FP&A and investor relations. Please go ahead, sir.Paul Sheppard -- Vice President of FP&A and Investor Relations Thank you. Good afternoon, and welcome. Joining me on today's call are Ethan Brown, founder, president, and chief executive officer; and Lubi Kutua, chief financial officer and treasurer. By now, everyone should have access to the company's second-quarter 2023 earnings press release filed today after market close. This document is available in the Investor Relations section of Beyond Meat's website at www.beyondmeat.com. Before we begin, please note that all the information presented on today's call is unaudited and that during the course of this call, management may make forward-looking statements within the meaning of the federal securities laws. These statements are based on management's current expectations and beliefs and involve risks and uncertainties that could cause actual results to differ materially from those described in these forward-looking statements. Forward-looking statements in today's earnings release, along with the comments on this call, are made only as of today and will not be updated as actual events unfold.10 stocks we like better than Beyond MeatWhen our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* \nThey just revealed what they believe are the ten best stocks for investors to buy right now... and Beyond Meat wasn't one of them! That's right -- they think these 10 stocks are even better buys.\nSee the 10 stocks\n*Stock Advisor returns as of August 1, 2023We refer you to today's press release, the company's annual report on Form 10-K for the fiscal year ended December 31st, 2022, the company's quarterly report on Form 10-Q for the quarter ended July 1st, 2023, to be filed with the SEC and other filings with the SEC for a detailed discussion of the risks that could cause actual results to differ materially from those expressed or implied in any forward-looking statements made today. Please also note that on today's call, management may reference adjusted EBITDA, which is a non-GAAP financial measure. While we believe this non-GAAP financial measure provides useful information for investors, any reference to this information is not intended to be considered in isolation or as a substitute for the financial information presented in accordance with GAAP. Please refer to today's press release for a reconciliation of adjusted EBITDA to its most comparable GAAP measure. And with that, I would now like to turn the call over to Ethan Brown. Ethan Brown -- Founder, President, and Chief Executive Officer Thank you, Paul, and good afternoon, everyone. I will be a summary of our Q2 results. Net revenues in the second quarter came in at $102.1 million, which was down 31% year over year and slightly lower than we had forecast. This decline in net revenues reflected deeper headwinds than we previously anticipated, combined with the cycling of one of our largest quarters ever, among other factors. The level and mix of our Q2 net revenues coupled with certain transitory items impacted our gross margin, which came in at 2.2%. These outcomes obscure the very strong progress we are making in positioning the business for sustainable operations and growth. We reduced COGS per pound by 14% or $0.73 year over year, reduced operating expenses by 33% or $27.5 million year over year, and slash cash consumption down nearly 50% or $45.5 million year over year reflecting a business that is making early strides and implementation journey. Simply put, as we navigate what has proven to be a more prolonged crossover from early adoption to the mainstream than we anticipated. We are operating with increasing levels of efficiency. Before proceeding, I should note that we continue to drive costs out of our organization and products alike. Our updated and more cautious revenue outlook in the back half of the year will very likely delay our achievement of cash flow-positive operations. Nevertheless, I want to stress that we will continue to aggressively internally manage the business toward the achievement of this objective. The net result should be sharply reduced cash consumption for the balance of 2023 and as we move with pace to complete our cash flow positive milestone. I will now turn briefly to the three central pillars upon which we are driving the business to future sustainable growth. spec to the first pillar, that is the use of value streams across our beef, pork, and policy platforms to support operating cost, ads reductions, and margin expansion among other outcomes. We are still in the very base of our lean embolization journey. However, the continued emphasis across the organization on the horizontal flow of value to customers is generating results. Some of the more visible outcomes include progress across COGS, operating expenses, and cash consumption. With regard to the second pillar, the use of inventory reduction as a key lever toward achieving our cash flow positive objective, we continue to make solid progress, and in Q2, reduced inventory by $15.2 million or nearly 7% sequentially. Year to date, we have reduced total inventory by nearly $30 million or roughly 12%, bucking our historical trend, which typically sees a seasonal increase in inventory, first half of the year. As we look to the balance of the year, we will continue to aggressively manage inventory levels with the goal of releasing incremental cash. Turning to our third pillar, which centers on near-term opportunities to restore top-line growth, even as we nurture long-term partnerships, we are focused on five main levers: one, addressing the broader narrative around the category. Two, continuing to release new renovations innovations that bring us closer to our north star of being indistinguishable from animal protein; three, investing in resetting the retail fresh plant-based meat section. Four, implementing pricing learnings for the last 12 months; and five, supporting our largest strategic partners. Though we recognize that there are broader economic headwinds at play namely inflation and higher interest rates that are squeezing spending power of the consumer. We are also acutely aware that there's ambiguity and confusion around the health benefits of plant-based meats that this is weighing on the category's growth. As a brand and category, we have significantly more work to do to reach the consumer on the health benefits of Beyond Meat and plant-based meats, respectively. There is a considerable gap between the strong health credentials of our products and a broader color narrative that is now a foot, and this gap appears to have widened. In the two-year period 2020 to 2022, a the percentage of U.S. consumers who believe plant-based meats are healthy, dropped from 50% to 38% according to the Food Marketing Institute. As was the case during the ascent of plant-based milk, -- this change in perception is not without encouragement from interest groups who have succeeded in seeding doubt and fear around the ingredients and process used to create our and other plant-based meats. Nor is it without contribution from well-meaning yet misguided comparisons of our products to call salads versus the animal-based meats they are intended to replace. It is in this latter framing that we belong and excel. -- with clear nutritional advantages, including no cholesterol, lower levels of saturated fats, the absence of antibiotics, hormones, and other veterinary drugs, the absence of carcinogenic compounds such as heterocyclic gamings in the absence of precursors to TMAO, a compounded researchers have associated with heart disease and certain cancers. We are attacking this misinformation by continuing to build a body of research, such as our work with Stanford School of Medicine, which, as you will recall, showed important declines in LDL or bad cholesterol, and the aforementioned TMAO after only eight weeks of replacing animal meats with Beyond Meat. And through collaborations such as that with the American Cancer Society, where we are supporting broader studies on plant-based meats and related health outcomes. Our efforts also include third-party engagement, such as the American Heart Association's first-ever certification of a plant-based meat beyond stake as a heart-healthy food as well as work with registered dieticians and nutritionists for purposes of educating consumers about the strong health benefits of plant-based meats. Last week, we launched a campaign long in the making called There's Goodness Here, that shares and celebrates the farming origins of our ingredients and describes our process for turning plants into plant-based meat. The first installment of the campaign futures one of our Fabien farmers and connect the consumers to the fields where our protein has grown while explaining the clean and simple steps we use to build our plant-based meats. As you can likely tell, we are proud of our process and ingredients and are confident that the more consumers know, the more they will see the goodness in what we do. Goodness for the soil due to the nitrogen fixing nature of the goons that helps keep fields healthy and productive. Goodness for the farmer who can use less fertilizer as a result. Goodness for the earth, given the much lower greenhouse gas, water, land, and energy footprint, and goodness for the consumer who can enjoy the dishes they love or reaping the health benefits of our plant-based meat. In the area of innovation and renovation, the key parts of the Beyond Meat rapid and relentless innovation program. is to improve each of our pillars of beef, pork, and poultry over time so that one day, they are indistinguishable from their animal protein counterparts. This is a goal that we share with consumers, with 53% of all consumers agreeing that plant-based protein products should taste indistinguishable from meat according to recent data from Intel. The good news is we continue to make strong strides in this direction, all against a static target. In Q2 alone, we released a series of important iterations within our core platforms of pork and beef. One, we launched that we internally call Sausage 3 and the refrigerated plant-based meat section, where Beyond Meat remains in our No.1 selling brand according to spins for the latest 12 weeks ending 716. We are pleased with and point to early feedback on a renovated dinner sausage product as evidenced that despite current headwinds, we steadfastly march forward against our promise of enabling consumers to eat what you love, while simultaneously having a positive impact on your health, on the climate, environment, and animal welfare. Earlier this summer, the tasting table posted review that captures the results of our latest sausage renovation efforts, which apparently went beyond the indistinguishable goalpost, the title of which reads the revamped beyond Broadhurst and hot Italian sausage are shockingly better than pork links. We are pleased that is the No.1 selling plant-based inter sausage in retail according to SPINS data for the latest 12-week period ending 7/16/'23 and have rolled this renovation out to food service as well. Two, we are providing consumers with a sneak peak of our latest beef formula in the form of a soft launch of Beyond Stack burger at Kroger and select Albertsons as well as new seasons in Northern California. Like our renovated dinner sausage, this newest iteration of our burger represents the latest in our flavor and texture advances and is winning early praise. We further took this taste and texture innovation to food service as the beyond Smash Burger Lastly, even as the Beyond Burger is the No.1 selling plant-based burger across retail, according to spins for the latest 12-week period ending 7/16/'23, we are actively working on our next generation, the Beyond Burger 4. We're incorporating certain elements of the Beyond Stack and beyond SmashbolBurger. Accordingly, we are watching consumer and customer reactions closely and are excited by early results. In the frozen section, we continue to expand distribution on one of our new renovations beyond steak, which is the No.1 selling new plant-based knees item at retail, according to SPINS data for the 12-week period ended 716. Interestingly, recent data from a regional chain showed that more than 50% of households bought beyond stake were new to the plant-based meat category and the two out of three households repurchased beyond stake, reinforcing that this is a product that is resonating with consumers. For our newest renovations and distribution expansions and the balance of our product portfolio across retail, we are increasing our investment in in-store execution, particularly in the U.S. in the turbulence of the last four years with the pandemic changing consumer behaviors, high inflation and the entrance and exit of competitive players in the plant-based meat section, a reset and regrounding particularly in the refrigerated meat case is overdue. We recognize that the once clearly demarcated plant-based sections of the fresh meat case can be in certain retailers, far less defined today. In addition to working with retailers on this issue, we are doubling down on field resources to focus on shelf availability and presentation as we bring new renovations to market. As you may recall, a little over four years ago, we set a goal that within five years, we will be able to produce and sell at a cost and price, respectively, that is at parity with animal protein for at least one product in one of three platforms of beef, pork and poultry. I'm pleased to share that we are indeed doing that now with a meaningful product in food service and expect to be able to report more of the same over the next year. In the last 12 months of pricing exercises, we've learned more about different elasticities across our product lines. These elasticities may support a more varied approach to pricing, that will enable us to more aggressively restore margins even as we move toward price parity where it matters most. We are pleased to see the continuation of the plant nugget alongside the McPlant Burger in the German market as well as the Midland burger across the U.K., Ireland, Austria, Netherlands, Portugal and the most recent introduction, Malta. The McPlant platform takes hold, it is fun to see countries such as Austria, build and promote unique McPlant Burger offerings such as Steakhouse Burger and the Plant Fresh. We believe the success of the plant platform in the EU speaks to consumer and government recognition that plant-based meats are a powerful tool in addressing climate and broader environmental concerns. We're investing in team, innovation, and partnerships in the EU to be able to serve this growing trend. Before closing out, I want to emphasize how it beyond meat, we view the current category trough and how this perspective informs the strategy and tenor behind our response. Like many innovative disruptions throughout history, what we initially thought was going to be a quicker pace of mainstream adoption has proven to be slower. In my comments today, I emphasize familiar points of focus for us as we navigate the CASM between early adopters and mainstream consumers, continuing to improve products toward our True North amplifying our health message to counter incumbent industry positioning and noise while educating the consumer. And lastly, collapsing the cost structure of our product lines to improve margins and where it matters most, offer product at parity to animal protein. Continue to pursue each of these levers while focusing on increasing operational efficiency, driving COGS reductions, and sharply limiting cash consumption along our path to cash flow-positive operations. Though we believe equally in the four social goods behind our brand, human health, climate, natural resource conservation, and animal welfare. One cannot help but notice the urgent intensification of climate dialogue across global leadership and societies, with what may be the hottest period on record in the last 120,000 years and the many well-covered heat wave storms, fires, and other extreme weather events across the planet this summer. The abstract notion of climate change is increasingly tangible to the everyday consumer. The greater use of plant-based meat is a powerful tool in our global response, particularly because it targets greenhouse gases, namely, nitrous oxide and methane that are not only highly potent but also the removal of which can have a more immediate impact on slowing climate change due to their shorter residency in the atmosphere. We believe the transition to a more plant-based food system is not only inevitable, but gaming urgency that despite current challenges of a nascent category and brand, we are highly confident that Beyond Meat is well-positioned to play a leading role. With that, I'll turn it over to Lubi, our chief financial officer and treasurer, to walk us through second-quarter financial results. in greater detail as well as update our outlook for 2023.Lubi Kutua -- Chief Financial Officer and Treasurer Thanks, Ethan. On the surface, Q2 was a disappointing quarter for us as net revenues and gross profit fell short of our expectations. However, as I will discuss shortly, several factors are indicative of the continued progress we are making in improving the intrinsic operating performance of our business, giving us reason to be optimistic for the long term. These factors include our underlying gross margin performance when adjusted for certain transitory impacts, our ongoing progress on cost containment and operating expense management, our fifth consecutive quarter of inventory redone and the steep reduction of our overall cash consumption year over year. Although the operating environment within our sector is proving more challenging than previously anticipated, we believe the foundational work against which we are making good progress will better position our company to capitalize on the opportunity ahead of us. Let me now dive into our Q2 financial results in a bit more detail. Beginning with net revenues. Volume of products sold declined by 23.9% year over year, while net revenue per pound decreased 8.6% year over year resulting in an overall net revenue decline of 30.5% compared to the prior year period. On an absolute basis, the decrease in volume of products sold was primarily driven by the decline in our U.S. retail channel and, to a lesser extent, a decline in U.S. food service. In U.S. retail, the decline in volume primarily reflected weaker-than-expected demand in the category, cycling of significant jerky sell-in in the year-ago period, and to a lesser extent, the impact from competition. U.S. Foodservice was similarly impacted by weak overall demand and a difficult year-over-year comparison as Q2 2022 was a particularly strong quarter for U.S. Foodservice driven by restocking of that channel following its reopening post COVID. With respect to pricing, the roughly 9% year-over-year decrease in net revenue per pound was primarily attributable to changes in product sales mix and increased trade discounts, partially offset by reduced sales to discount channels, which suppressed price realization of certain items in the year-ago period. As it relates to product sales mix, relative underperformance of our core products, namely burgers, ground beef, and dinner sausage generally has a negative impact on net price realization for our business. As for trade discounts, special promotional programs intended to attract new users to our category drove a meaningful increase year over year. Although these programs showed initial promise, they did not scale well at retail and ultimately did not bring about the desired increase in new category users. We will be refocusing our promotional spending in view of these learnings from these programs. Moving on to gross margin. our Q2 gross profit was $2.3 million or gross margin of 2.2% of net revenues. Although this represents over 6 points of margin improvement versus the year-ago period, including the impact on depreciation expense from the change in our accounting estimate associated with the estimated useful lives of our large manufacturing equipment fell short of our previously stated expectation to drive sequential margin improvement throughout the year. Gross profit and gross margin were positively impacted by lower materials costs lower inventory reserves and lower logistics cost per pound, partially offset by higher manufacturing costs, excluding depreciation, and as I just discussed, lower net revenues per pound. Total COGS improved by $0.73 per pound year over year, and we are pleased to see our cost down initiatives yielding savings on materials costs and the reduction in logistics costs that tests to some of the early results from our network consolidation strategy. Within manufacturing costs, overall success in reducing tolling fees on a year-over-year basis was partially offset by underutilization fees, which we view as transitory of approximately $800,000, driven by softer demand and some start-up delays as we ramped up production lines within a new co-manufacturing site. And COGS this quarter was negatively impacted by the flow-through of higher cost inventory produced in the fourth quarter of last year when we curtailed production volume in response to weak demand resulting in the capitalization of inventory bearing high labor and overhead costs. Turning to operating expenses. We saw a year-over-year reduction of 33% and from $83.5 million in the second quarter of 2022 to $56 million this quarter. The main drivers of this were reduced nonproduction headcount expenses primarily as a result of the reduction in force implemented in October 2022, lower legal and consulting fees, decreased production trial expenses, and lower outbound freight costs. This also represented a sequential quarterly reduction of 12%. We are pleased with our team's continued diligence in keeping costs contained, reflecting early success in our ongoing adoption of lean management principles. Moving further down the P&L. In other expense income, we benefited from meaningfully lower realized and unrealized foreign currency losses as well as higher net interest income year over year. In addition, loss from our unconsolidated joint venture, TPP was lower year on year, reflecting very limited economic activity in the JV this quarter as we continue to transition our jerky business to Beyond Meat. Overall net loss was, therefore, $53.5 million in the second quarter of 2023, or net loss per common share of $0.83, compared to net loss of $97.1 million or $1.53 per common share in the year-ago period. Adjusted EBITDA was a loss of $40.8 million or negative 40% of net revenues in the second quarter of 2023, and compared to an adjusted EBITDA loss of $68.8 million or a negative 46.8% of net revenues in the year-ago period. Now turning to our balance sheet. Our cash and cash equivalents balance, including current and noncurrent restricted cash was $225.9 million and total debt outstanding was approximately $1.1 billion as of July 1st, 2023. Inventory fell to $207.1 million, a reduction of $15.3 million compared to the previous quarter demonstrated continued progress against our inventory drawdown initiatives. As I mentioned, this represents our fifth consecutive quarter of inventory reduction, and we remain highly focused on driving further reductions in the balance of the year. Turning to cash flows. Net cash used in operating activities in the second quarter of 2023 was $46.2 million or a $24.3 million decrease compared to the year-ago period. Capital expenditures totaled $1.8 million in Q2 of 2023, compared to $20.4 million in the year ago period. And our total cash consumed in Q2 amounted to $47.7 million or 49% less than the year-ago figure of $93.2 million. Taken together, these improvements in COGS, operating expenses, inventory drawdown, and cash consumption demonstrate that we continue to make real strides in managing our business more efficiently. However, where we are experiencing greater-than-expected pressure is on net revenue growth and its attendant implications for gross margin. We attribute this at least in part to persistent weakness in the category that transcends beyond me. But as Ethan discussed earlier, we continue to pursue several growth strategies to drive better outcomes on our top line. Let me now provide some commentary about our 2023 outlook. As Ethan mentioned, we do anticipate a return to modest year-on-year revenue growth in the second half of 2023, and as we cycle notably weak comparisons from a year ago and as we expect to see continued expansion of newer products in the U.S., distribution growth in international markets and continued progress with key strategic accounts internationally. However, greater-than-expected category headwinds, particularly in the U.S., is resulting in a more cautious outlook for the balance of the year. And as such, we now expect net revenues for the full year to be in the range of $360 million to $380 million representing a decrease of approximately 14% to 9% compared to 2022. Gross margin is now expected to be in the mid- to high single-digit range reflecting both the Q2 outcome as well as the expected impact from reduced revenues. Operating expenses are expected to be approximately $245 million or less and capital expenditures are now expected to be in the range of $20 million to $25 million. Finally, with respect to the company's previously stated target of achieving cash flow positive operations within the second half of 2023, we now believe this objective is unlikely to be met in light of the current operating environment, which points to greater category headwinds than previously expected. Nonetheless, we remain committed to significantly reducing our rate of cash consumption in the second half of the year as compared to the first half, and we will be prudently managing our cost base in the coming quarters to move toward our ultimate North Star of cash flow positive operations. With that, I'll conclude my remarks and turn the call back over to the operator to open it up for your questions. Thank you. Questions & Answers: Operator[Operator instructions] And our first question here will come from Adam Samuelson with Goldman Sachs. Please go ahead.Adam Samuelson -- Goldman Sachs -- Analyst Yes. Thank you. Good afternoon, everyone.Ethan Brown -- Founder, President, and Chief Executive Officer Hey, Adam.Adam Samuelson -- Goldman Sachs -- Analyst Hi. So maybe just talking about updated sales outlook and maybe specifically in U.S. retail, you alluded to some challenges in scaling some of the trial and promotion activity in the U.S. How should we think about that moving forward? And as we think about the need to accelerate kind of volume consumption kind of as a pathway to future growth. Kind of what -- where is the pivot from a marketing and product and distribution perspective that's going to enable that?Ethan Brown -- Founder, President, and Chief Executive Officer Sure. Thank you for the question. And I'll maybe start and then hand it over to Lube for some additional detail. But first and foremost, I want to stress some of the things that we covered in our prepared remarks. Despite bringing down the forecast somewhat for the balance of the year, we are very excited to be coming out of what we view as a trough in the category and resuming growth in the third and fourth quarter. So I don't want to lose sight of that. you'll also see an improvement in gross margin, we believe, in the third and fourth quarter, particularly as we move further away from higher-cost products that we produced during earlier quarters, and can take advantage of some of the lean work we've been doing around cost down on COGS. You also see us continue to make really strong progress on reducing operating expense, I think down 32%, as I mentioned year over year, and then cash down about 50 -- near $50 million. On top of that, you can see improvement in products. And this is a core, I think, part of the answer that I'm going to give you on sort of how we are thinking about continued growth. First and foremost, if you look at whether it's a state product and all the reviews it's getting and the fact it's the No.1 new plant-based meat product in the category. Look at the recently renovated dinner sausage where that also is the No.1 based sausage. In the category. And then you look at our burgers, continues to be the top-selling plant-based burger. And we're shifting into both the new formula and texture that we're releasing in food service as the Smashburger we have released and just demoed and trialing in retail, something called the Stack Burger, which captures some of those improvements. So continue to improve the products, continue to operate the business much more efficiently. I think the last piece is attacking ahead on this ambiguity that exists around the health benefits of plant-based media, and particularly Beyond Meat. They are extremely strong, and this is something that we've adapted through research and through partnerships, whether it's the American Cam society work we're doing or the certification from the American Art Association around our stake, the work with Stanford School medicine, all the things I mentioned in my prepared remarks, but we're now taking a step further and going to be much more aggressive in our marketing around the goodness within our products. And I think if you were looking at some of our marketing recently last week, we released there's goodness here, which is a campaign focused on celebrating the ingredients we use, the farmers who grow them and the process that we use to turn the plant material into meet all these things are part of our health message and our health story. So as we look at the second half of the year, that efficiency that keeps continuing throughout the organization, the reduction in cost of our goods and then the restoration of the message around the entire category. We view those as key to the resumption of growth. We're also looking at some more tangible things as we go off of this forecast, but increases behind both in the U.S. and in Europe and things of that nature. Lubi?Lubi Kutua -- Chief Financial Officer and Treasurer Yeah, Adam. I would just add that I think just given the -- some of the pressures that we've seen in the broader environment, we are, I think, navigating some challenges that are reducing the overall effectiveness of promotional spending. And it's an impact that transcends the plant-based meat category. I think others more broadly in the industry have reported sort of similar phenomenons going on in the areas that they play in. And so in relation to your question and sort of how we're thinking about this is we're definitely taking learnings from we had some targeted promotional programs early in this year, which were really intended to bring more consumers into the category. But I think what we're seeing is, for various reasons, some of which Ethan mentioned in his prepared remarks. There are things that are putting a lot of pressure on our category, in particular, some of which is related to messaging, which we're starting to I think be a little bit more vocal about if you look at our recent campaign that just came out. But certainly, we are -- our goal is to be sharper in terms of how we deploy our promotional spending. And so we expect to see some benefits from that in the latter part of this year and as we move forward.Ethan Brown -- Founder, President, and Chief Executive Officer Maybe I'll just add a little bit to that. I mean I think one of the key issues is if the category itself is facing some headwinds. And so if you look at -- if I kind of start on more broadly and you look at the overall consumer and some of the diminished outlook the consumer has around their own financial situation and then you look at what consumers are doing in the protein space, including animal protein, where they're trading down among proteins and also buying less of protein. But then you get to our category where we are high priced, and so not going to do particularly well in that environment, but also now have this kind of the ambiguity around health you can see how potentially pricing is going to be less impactful given that you're not bringing new people into the category because of those macro conditions and some of the -- so for us, it's really around restoring the category message and making sure the consumer understands that and has a reason to come into the category. At that point, we think some of the promotional activities will probably be more effective.Adam Samuelson -- Goldman Sachs -- Analyst There was a lot there. A lot of color. I appreciate it. I'll pass it on.Ethan Brown -- Founder, President, and Chief Executive Officer Sure.OperatorAnd our next question will come from Peter Galbo with Bank of America. Please go ahead.Peter Galbo -- Bank of America Merrill Lynch -- Analyst Hey, guys. Good afternoon. Just maybe a 1A and 1B on super quick modeling questions. Just LubI, is there any differential we should think about in terms of the revenues between 3Q and 4Q cadence would be helpful -- and then secondly, on the cash burn, it seems like you're saying it should improve in the third and fourth quarters. It's been running about $50 million a quarter over the past 12 months. Just anything you could help us to mention about how much improvement you'd expect there.Ethan Brown -- Founder, President, and Chief Executive Officer Yeah. Just quickly on the cash flow. I mean, it's not that we're walking away from that in any way, shape or form. It's just with the top line coming down somewhat, we wanted to caution that it was going to be unlikely within the time frame it best -- that said, you should see a sharp reduction in cash consumption across the balance of the year. And certainly, internally, we continue to drive the business toward achieving that goal. But we'd rather keep that as an internal goal and give a little more room externally on when we cross over the cash flow post. Lubi?Lubi Kutua -- Chief Financial Officer and Treasurer Yeah. So, Peter, to your first question around the sort of cadence of revenues in the back half of the year. We're not providing specific guidance by quarter at this time. However, if you look at historically the third quarter being typically a little bit stronger than the fourth quarter just from a seasonal demand perspective. I don't think there would be anything that would deviate significantly from that this year. And then just to your question around cash consumption and how that evolves in the second half relative to the first half. I think there are several things, right, that we're looking at. And first and foremost is we have to deliver on our revenue projections for the balance of the year. And then in conjunction with that, we also have to deliver on our gross margin targets, right, to ultimately generate gross profit dollars, right? And then once we do that, we -- it's about continuing to contain costs from an opex perspective. There's some opportunities that we're looking at from a capex perspective where we can potentially defer some capex projects that we were anticipating would happen in the back half of this year. there's things related to our inventory reduction efforts, which we're still very focused on. You put all of those things together, and we do expect that the overall level of cash consumption in the back half of this year will still be -- should be significantly lower than what we saw in the first half. And so those are the primary things, I think that bridge that gap.Peter Galbo -- Bank of America Merrill Lynch -- Analyst Great. Thank you.OperatorOur next question will come from Ken Goldman with J.P. Morgan. Please go ahead.Ken Goldman -- JPMorgan Chase and Company -- Analyst Hi. Thank you. I wanted to ask about your strategy for R&D spending. It's down. but it's still 9% of your sales this quarter, which is meaningfully more than what we see from a typical packaged food company. And I agree you're not a typical packaged food company, but you talk about the biggest issue facing the category being maybe a misperception of the health benefits. You've had some recent launches. I hope it's not unfair to say the results are some good, some may be slightly disappointing. Why not divert some of this R&D spend toward brand building toward category building? If you're -- if that's the biggest issue that you're facing, why not really maybe lean into that a little more.Ethan Brown -- Founder, President, and Chief Executive Officer Thanks, Ken. Appreciate the question. And so I think the main response I have is that we are certainly emphasizing spend on the category narrative and also reaching out across companies to help us do this. There's a bunch of companies, obviously, in our category, all rising and falling with this narrative. And so bringing together industry coalitions to address this is an important way to handle it. But we are looking at how do we reallocate funding toward marketing to clean up this messaging because it is just an education issue. I mean the facts are there. The health benefits of our products are very strong. We see that in the work we do, not only with universities, but in general, just seeing consumers and how their lives can change. So -- it's a very good question. I won't comment specifically on how much we're going to allocate toward R&D versus this. But I think the emphasis in your question is the right one.Ken Goldman -- JPMorgan Chase and Company -- Analyst And then just quickly, how are you doing with meat eaters or flexitarians versus pure vegans lately? What are your data telling you about how the vegans are looking at your product or at your category compared to how they used to? Are they being affected by the marketing as well?Ethan Brown -- Founder, President, and Chief Executive Officer I think to a lesser extent, I mean there are the folks that I mentioned that would be susceptible to some of the kind of more, let's say, I don't know, the foodies that would compare us to a salad or something of that nature. And we always resist that, right? I mean our really, our point of relevance is the health benefits relative to animal protein, where those are extremely strong. So we continue to see the consuming family be a mix of basic flexitarians essentially. And that's where we want to be. I think the main issue with the categories is not bringing in enough new consumers. That's the No.1 issue. It's not necessarily the characteristics of the consumer. It's that overall pie is not growing, and that's what we need to fix together, and we're working on the other companies.Ken Goldman -- JPMorgan Chase and Company -- Analyst All right. Thank youOperatorOur next question will come from Robert Mosca with TD Cowen. Please go ahead.Robert Mosca -- TD Cowen -- Analyst Hi, Ethan. Hi, Lubi. I was wondering as you start to look ahead to 2024 and beyond. In your like long-term scenario planning, do you ever consider the possibility of that this business may be a $300 million business instead of $350 million plus or a $250 million business, shrinking into wind is always a tough strategy. But given what you're up against here in terms of consumer perception and what I'm sure are some very good core consumers who care about the environmental impact of what you're doing -- is that a possible strategy? And would you consider rightsizing the company in that direction ever?Ethan Brown -- Founder, President, and Chief Executive Officer Yeah. I mean disagree pretty rigorously with that future. If you look at where we're operating, if you look at some of the positive trends that we're seeing, including the fact that we're assuming growth quarter over quarter and been through, I think, what is the most difficult period for the business, but take care, for example, and look at our strategics over there. And the progress we're making now in Germany, we're selling both burgers and nuggets and doing so with high acceptance among consumers. Just I think we've had another launch with McDonald's on Malta. You look at -- and I think I don't think I mentioned this in my prepared remarks, but interestingly enough, and I'll let McDonald's comment on their own outcomes, but a competitor shared that a very large global burger chain that one in five of their signature burgers in Germany is now plant-based. And so if you look at whether it's those trends or universities or just overall consumption of animal protein in certain European countries, you can see a very, very strong trend in the right direction. Then you come to the U.S. and while older people aren't necessarily wrapping their minds around these younger people are. And so if you look at how institutions are responding to that, for example, take some of the biggest food providers in the country, Aramark I think it was Aramark committed to increasing their plant-based menus to 50% by 2025. I think Sodexo was something like 4% across more than 250 universities in the country. So the trend is really -- is here. There's some distortion in it like many early disruptions. But sort of I mentioned many times at kind of the history is very much on the side of what we're trying to accomplish. And so even if all of these other things don't get cleared up, which they will, around health, et cetera. You have a common crisis, which is now becoming more and more real for the consumer. And there is really no way to get at that without fixing food. And so our job as a company is to continue to get much more efficient, continue to drive cost out of our products and be here. So when folks are ready to make this transition on their terms, we can sort of been doing that. But I do not see it going backwards in any shape or form in the direction you just noted.Robert Mosca -- TD Cowen -- Analyst Yeah. I appreciate the clarity. Thank you.OperatorOur next question will come from Peter Saleh with BTIG. Please go ahead.Peter Saleh -- BTIG -- Analyst Great. Thanks. I wanted to ask about the overall category and really what you're seeing. It seems like you're finding some success in some of these international markets, yet your sales in the U.S. continue to be under a significant amount of pressure. So maybe you can help us understand, are there any learnings that you can take from what you're seeing in international markets and apply them to the U.S.? What's happening internationally that's not occurring in the U.S. to drive maybe the trend better. Are the prices lower in international markets like Germany? Or what exactly is the difference that you're seeing better adoption there?Ethan Brown -- Founder, President, and Chief Executive Officer That's a great question. So the answer is this, and it's somewhat nuance, but it's the message and the reason the why is clear, right? So in Europe, the OI is different than it is here in the United States, particular. -- right? So consumers are very concerned about climate and the environment in Europe. Government is concerned that is too concerned about it. And they see for the reasons I mentioned in my prepared remarks, changing food as a key way to adopt and adapt in the time frame that we need to. And again, this actually has to do with specific -- the nature of this sort of admissions coming from different sources of greenhouse gas. And so in the case of animal protein in venturous oxide and methane, those are very potent emissions but also have a shorter residency in the atmosphere. So clear them out, right, you can basically buy time and deal with the climate issue one of the most effective ways. So Europe understands that. The consumer is getting that young people that are getting in Europe -- and here in the U.S., it's more driven by health, and there's been a decline in the health perception of our category. And so I think we noted there's a food research institute or something in that good marketing institute noted 50% of consumers in 2020 thought that plant-based needs were healthy and now that number is down at 38%. That's a clear outcome of some competitive marketing we've done against us, and they've done a really good job at it. done a very impressive job in changing the consumer perception. We now have to do the heavy work as an industry to pick up. But that's the main difference, right? There's a clear and compelling why in Europe there was clear in the billing it here that has got a road that's become eroded, and we need to basically reestablish that. That's what we're doing.Peter Saleh -- BTIG -- Analyst Can I just follow up on the number, the 50% going to 38% perception. Has that continued to decline in '23? I'm not sure if you know. And what do you think it was going to take to kind of bend the curve there on that figure?Ethan Brown -- Founder, President, and Chief Executive Officer Yeah. I don't know Second, but my guess is that it's going to start reversing. And the reason that's going to start reversing is one I think it sort of plays its course. At some point, there's -- that people medical community and others start to push back and say, wait a minute, guys, this is going too far. This is a very helpful tool to combat diabetes care to use cancer. That's why you see easily stand up to going to certify first day ever, right at the heart of the state works or the scamper work we're doing or the work we're doing about cancer side. I mean at some point, right, you get -- you strip out the noise and you start to see some of the key proof points. I think there's some additional work is being done outside of our company and in the broader category that also helped that -- so I -- it could continue to worsen, but I got it. I think you'll start to see a rebound.Peter Saleh -- BTIG -- Analyst Thank you.OperatorOur next question will come from Ben Theurer with Barclays. Please go ahead.Ben Theurer -- Barclays -- Analyst Yeah. Good afternoon, Ethan, and Lubi. Thanks for your color and so on the clarification. I wanted to dig a little deeper into the food service in the U.S. And it kind of feels like it was like that area where we expect a lot of growth with some of these announcements back in the past. Yum!, McDonald's, and so on. But it kind of feels like it's not taken off and sounds like a level of these mid-teens somewhere on a revenue basis. So it doesn't really feel like it's delivering. Well, on the other side, the international piece has done significantly better on food service. So maybe following on some of these questions around consumer trends. How do these food service channels, why is it so different that the performance of Foodservice International versus Foodservice U.S., that would be much appreciated.Ethan Brown -- Founder, President, and Chief Executive Officer Sure. I think it gets to the consumer again in each market. So I think if we look at the EU, I think the consumer receptivity and readiness is there. And I think that our studio partners recognize that, and so that's where they're emphasizing. But I don't think it's a binary issue, right? I think that it's a timing issue. And my strong view is if you're in the U.S., you'll see a resumption of activity among QSRs. In fact, I think that's something that we feel comfortable about. So it's very much part of the larger trends we just discussed. There's been a there was prolific growth and excitement around the category. You go through that and you go through the kind of trough of what they say trough dissolution and then you come back up on the slope of enlightenment. And I think we're kind of in that area where we're coming back out of it. I wanted to get through this quarter. I'm very glad it's over. I'm very glad to be in this quarter and for the balance of the year because I do think you'll see some of that resumption of growth, not in any way what we had a few years ago. for the balance of the year, but modest growth, it shows we're coming out of this, and that's what I'm really looking forward to.Ben Theurer -- Barclays -- Analyst Thank you.OperatorOur next question will come from Michael Lavery with Piper Sandler. Please go ahead.Michael Lavery -- Piper Sandler -- Analyst Thank you. Good afternoon. I sort of want to ask almost the opposite of Ken Goldman's question. I think that the health discussion is interesting and the study numbers are certainly interesting, but at least in the U.S., consumers overwhelmingly say that their primary consideration is taste. And even price and health benefits or health considerations are far behind. And so how can you continue to develop a better product? I think that's in so many consumers' minds, kind of the centerpiece the 9%, obviously, in fairness to his point is a lot, but is -- can you give a sense of what may be ahead and how much more quickly product development could advance that might be the difference maker for at least a large percentage of U.S. consumers.Ethan Brown -- Founder, President, and Chief Executive Officer It's a great, great question. And then Ken's question is fair, and this is also -- I think it's the right balance you guys are trying to strike here and the one that we think about all time. So I would refer to that tasting table review of the dinner sausage, where we've always said our North Star is -- should be indistinguie. But I have heard this from others that the new sausage, what we call Sausage 3, people enjoy that actually more than the animal protein equivalent. And our efforts will usually get into the part. So I think we are making strong progress there. I think if you look at the state product, and you hear that up, it's absolutely delicious. You have such high levels of protein and I think less than a gram or gram or so saturated that so many benefits to it, but anyway. So all of those things matter when the consumer is willing to come in, right? But if there's a kind of cloud over the sector. right? Those things matter less. And so price matters less and the improvements making taste nonetheless. So our No.1 goal in this area is to lift that cloud and to educate the consumer about the health benefits of the products then I think things like taste will really start to matter again. You need to give the consumer taste is the most important thing to right? But you need to give the consumer a motivation beyond that, because animal protein tastes good, too, right? So -- we have to deliver on and slightly more with Lioncast and other attributes. And for the U.S. consumer, it's taste and health. I'll just do a shameless plug for a new burger. You should go out and you should try in food service what is called the Beyond Meat master or in retail potion to stack that has a new flavor formula and a new texture, which I think, again, got a review said something like early reminiscent something of that nature of animal burger. So we keep making better not there yet. But again, let's let the ear clear on these other issues and that, that will be something that's really pleasing.OperatorOur next question will come from Rob Dickerson with Jefferies. Please go ahead.Rob Dickerson -- Jefferies -- Analyst Great. Thanks so much. Just kind of a simple question. I mean it sounds like kind of back half U.S. retail revenues are expected to grow a little bit. I'm assuming that's clearly volume based kind of easier compares off of last year's back half. But is there something unique that just kind of drives that volume because a lot of the conversation these days is what happens when you have student loan payments to kind of circle back a little bit and maybe the consumer is not so strong, and there's not a lot of companies have a lot of conviction in the strength of the consumer, and you're saying the consumer is still a little tight. We have a premium product at the same time, yes, revenues are going to get better. I don't know if that's just the kind of points of distribution or why you have that conviction?Ethan Brown -- Founder, President, and Chief Executive Officer Yeah. So it's a good question. So it's a couple of things. One, it's again, the lower comps we have year over year. Two, it's some increased distribution both in retail and in food service and globally. It's continued strength of our strategic partnerships, particularly in Europe, things of that nature. So that's really what's driving it versus any sense that the consumer is going to automatically have a better outcome -- outlook coming of that nature. It's more of those tactical things that we know to be present.Rob Dickerson -- Jefferies -- Analyst OK. OK. Fair enough. And then I guess kind of late in the queue here, but I'll circle back to Ken's question. There's another question on R&D. I think it was labor, kind of R&D versus advertising and you talked about new Smashburger taste profile. I just feel like maybe not as much as an analyst, but just a consumer that when you kind of change the taste profile, like should we also be expecting kind of investment community to like see new ads about that, like you walk into the store and it's going to show why it tastes better. Just something for a hook because I do feel like you are kind of on a rolling basis renovating the product, but maybe consumers don't know. So that's all.Ethan Brown -- Founder, President, and Chief Executive Officer Yes, it's also a very good question. You should expect that. I think we've been focused right now during a period when a lot of these flowed through on cleaning up this health narrative. So I think a lot of our marketing for the balance of the year is going to hit that theme. But overall, my vision for this is that it would be very much like the release of any new product, three, four, five, six, seven generate excitement on each of those. So -- but I think right now, we have a broader category issue that we have to hammer home. And once we can fix that, then we can spend those dollars in a more tactical one.Rob Dickerson -- Jefferies -- Analyst Fair enough. Thanks, Ethan.OperatorAnd our next question will come from Andrew Strelzik BMO. Please go ahead.Andrew Strelzik -- BMO Capital Markets -- Analyst Good afternoon. Thanks for taking the questions. I had two quick ones. First, what are you seeing in terms of competitive dynamics across the category? You mentioned your use of trade discounts in the quarter and as you're seeing the pressures on the category, are you seeing more competitive activity, competitive intensity pick up alongside that? Or how are you expecting that to evolve going forward? That would be the first question. And the second question is just on the margin side. there are a bunch of headwinds that you listed impacting the quarter, which of those do you see sticking around versus moderating through the rest of the year or within the high-level buckets as you mentioned, where you see the biggest opportunity for margin expansion?Ethan Brown -- Founder, President, and Chief Executive Officer I'll start with the second one on margin. I mean I think one of the transitory issues that we don't expect to see again with a flow-through of some highly capitalized inventory last year. And that was -- I think we did the right thing there where we were slowing production to help us run through inventory for the balance of 23%, but it cost us a little bit this quarter. We had some underutilization things and some other stuff that we don't expect to reoccur at the same level. So we feel pretty good about the balance of the year, but finally, some of this really good COGS were showing up. On the broader category and competitive dynamics. I think that's only -- I mean there's two ways to look at it. One is, again, like let's get the category message right first, so we can welcome new people into the category again. And I think doing a lot of continued discounting, whether it's us or a major competitor we're just trading among consumers. So it's less productive. So I think it's really about restoring the overall category message. But the thing that has happened is there's been a tremendous kind of shakeout in the category, which is to our benefit. We're still standing. We feel very strong. We feel our product is getting better, our cost starts getting lower. Our operations are getting more efficient. Our strategic partnerships are moving forward. So we have a lot of confidence about our future even as we're seeing less competitors. They have a good competitor, a hospital is a very good competitor, and they're doing a lot of good things, but that's good for the category. It's very good for the category.Andrew Strelzik -- BMO Capital Markets -- Analyst Great. Thank you very much.OperatorThis concludes our question-and-answer session. I'd like to turn the conference back over to Ethan Brown for any closing remarks.Ethan Brown -- Founder, President, and Chief Executive Officer We appreciate, everyone, sticking with us through the quarter. We knew this was going to be a tough comp and it didn't materialize exactly what we wanted to. But I think the good news is we're through to a second half, which we hope will show return to growth and the first in what will be, I think, a good climb out of this and look forward to reporting that next quarter.Operator[Operator signoff] Duration: 0 minutesCall participants:Paul Sheppard -- Vice President of FP&A and Investor RelationsEthan Brown -- Founder, President, and Chief Executive OfficerLubi Kutua -- Chief Financial Officer and TreasurerAdam Samuelson -- Goldman Sachs -- AnalystPeter Galbo -- Bank of America Merrill Lynch -- AnalystKen Goldman -- JPMorgan Chase and Company -- AnalystRobert Mosca -- TD Cowen -- AnalystPeter Saleh -- BTIG -- AnalystBen Theurer -- Barclays -- AnalystMichael Lavery -- Piper Sandler -- AnalystRob Dickerson -- Jefferies -- AnalystAndrew Strelzik -- BMO Capital Markets -- Analyst\nMore BYND analysis\nAll earnings call transcripts","news_type":1},"isVote":1,"tweetType":1,"viewCount":181,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":215567424844024,"gmtCreate":1693659482788,"gmtModify":1693659487861,"author":{"id":"4145415254454072","authorId":"4145415254454072","name":"ATian","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4145415254454072","authorIdStr":"4145415254454072"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/215567424844024","repostId":"2364201482","repostType":2,"isVote":1,"tweetType":1,"viewCount":174,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":214444736819424,"gmtCreate":1693394329163,"gmtModify":1693394333226,"author":{"id":"4145415254454072","authorId":"4145415254454072","name":"ATian","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4145415254454072","authorIdStr":"4145415254454072"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/214444736819424","repostId":"2363467045","repostType":2,"repost":{"id":"2363467045","pubTimestamp":1693375800,"share":"https://ttm.financial/m/news/2363467045?lang=&edition=fundamental","pubTime":"2023-08-30 14:10","market":"us","language":"en","title":"Netflix: Rally Far From Being Over","url":"https://stock-news.laohu8.com/highlight/detail?id=2363467045","media":"Seeking Alpha","summary":"Netflix's stock has gained almost 29% since my first call, outperforming the broad market.The company's recent earnings report showed steady revenue growth and improved profitability metrics.Despite c","content":"<html><head></head><body><ul><li><p>Netflix&#39;s stock has gained almost 29% since my first call, outperforming the broad market.</p></li><li><p>The company&#39;s recent earnings report showed steady revenue growth and improved profitability metrics.</p></li><li><p>Despite competition and potential risks, Netflix is undervalued and has a strong pipeline of new products, making it a &#34;Strong Buy&#34;.</p></li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5bc94ae588e61837f1071ff23c93c360\" alt=\"JasonDoiy/iStock Unreleased via Getty Images\" title=\"JasonDoiy/iStock Unreleased via Getty Images\" tg-width=\"509\" tg-height=\"339\"/><span>JasonDoiy/iStock Unreleased via Getty Images</span></p><h2 id=\"id_3203998741\">Investment thesis</h2><p>My first article about Netflix (NASDAQ:NFLX) stock aged really well, with the stock price gaining almost 29% since then. To compare, the broad market rallied less than 7% during the same period.</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4088e0dbcabe67ad9760ba25eb7144c8\" alt=\"Seeking Alpha\" title=\"Seeking Alpha\" tg-width=\"307\" tg-height=\"193\"/><span>Seeking Alpha</span></p><p>Despite a challenging environment, the company continues to improve profitability with steady revenue growth. Recent developments suggest that the company is poised to continue improving its financial performance, and the stock is still massively undervalued, even after the solid rally from last year&#39;s bottom. All in all, I upgraded Netflix&#39;s rating to &#34;Strong Buy&#34;.</p><h2 id=\"id_3373340200\">Recent developments</h2><p>Netflix announced its latest quarterly earnings on July 19, missing consensus revenue estimates by about $100 million, which I consider insignificant. On the other hand, the adjusted EPS was well above consensus estimates. Revenue grew 2.7% YoY, and the adjusted EPS expanded from $3.20 to $3.29.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b333070f2581a23e33e54aa6c8206521\" alt=\"Seeking Alpha\" title=\"Seeking Alpha\" tg-width=\"640\" tg-height=\"231\"/><span>Seeking Alpha</span></p><p>Profitability metrics have improved YoY, a solid sign amid the harsh environment. The operating margin expanded YoY from 19.80% to 22.32%. Stronger operating leverage enabled the company to generate $4,581 million of the levered free cash flow [FCF], almost a 12% growth. The company&#39;s FCF margin is still stellar at almost 56% in Q2. Such a wide FCF margin means the business can reinvest heavily to innovate and continue producing its buzz-worthy content.</p><p>The upcoming quarter&#39;s earnings are planned to be released on October 18. Quarterly revenue is expected to grow YoY by a solid 7.6%, and the adjusted EPS to expand from $3.10 to $3.49.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c94f9f6e232786dd1092c787a9701a95\" alt=\"Seeking Alpha\" title=\"Seeking Alpha\" tg-width=\"640\" tg-height=\"229\"/><span>Seeking Alpha</span></p><p>Overall, I am optimistic about the company&#39;s future prospects. Despite the video streaming industry&#39;s growth pace cooling down while moving toward full penetration in the developed world, I see several growth drivers for Netflix. Netflix tops the brand loyalty ranking among the most popular U.S. streaming services. The company has a massive track record of success across various genres. According to variety.com, in 2022, Netflix dominated the original video streaming with the massive presence of its shows in the top 15 most viewed shows.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a82959fe821346612b0448c03f565f47\" alt=\"Variety.com\" title=\"Variety.com\" tg-width=\"640\" tg-height=\"328\"/><span>Variety.com</span></p><p>Several of these popular shows are expected to continue with new seasons in 2023 or 2024, meaning that Netflix has a strong pipeline of new products that are highly likely to maintain its high brand loyalty. That said, I believe the number of subscriptions is safe and poised to continue expanding. On the other hand, many bears might say that amid the current harsh environment, people are keen to cut their entertainment spending, which is likely to pressure revenue growth. The overall unfavorable sentiment is actually true, with recent surveys revealing that about 30% of internet households in the U.S. are cutting back on streaming spending. However, it is doubtful that households will cancel all their streaming subscriptions, and Netflix is well-positioned to be the most frequent survivor. The company now offers its lower-tier $7 per month subscription-based service, which means decent savings for households compared to the no-ads tier, and people will still have access to their favorite shows. It is also crucial to emphasize that Americans consider Netflix essential, with 43% of respondents answering that Netflix is the one streaming service consumers can&#39;t go without.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9675b9af903a3fd53ee321f181e47249\" alt=\"Cybernews.com\" title=\"Cybernews.com\" tg-width=\"640\" tg-height=\"332\"/><span>Cybernews.com</span></p><p>While I consider Netflix&#39;s revenue growth safe even amid the current challenging macro environment, it is also important to underline that the management is also focused on costs. During the latest earnings call, the commitment to be more efficient in spending was reiterated by the management. To conclude, I believe that prudent cost discipline together with bright revenue growth prospects will enable Netflix to remain on its wide FCF margin trajectory. This in turn will be reinvested back into production and build long-term value for shareholders.</p><h2 id=\"id_2882109367\">Valuation update</h2><p>The stock significantly outperformed the broad market this year with a 41% year-to-date rally. Seeking Alpha Quant assigns the stock a deficient &#34;D-&#34; valuation grade due to high multiples compared to the sector median. But Netflix is a highly profitable company with a solid brand and a vast fan base. That said, I prefer to compare current multiples with historical averages, and based on this comparison NFLX looks attractively valued.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/91b725bdd23ff0de12ba2d35d608a1c9\" alt=\"Seeking Alpha\" title=\"Seeking Alpha\" tg-width=\"640\" tg-height=\"464\"/><span>Seeking Alpha</span></p><p>Now, let me proceed with the discounted cash flow [DCF] approach. I use a 10% WACC as a discount rate. Netflix is an FCF star generating above 50% margin, but assuming this high level to be sustainable over the next decade looks too optimistic. Therefore, I assume a long-term stable 25% FCF margin for my DCF valuation. Revenue consensus estimates forecast a 9.7% CAGR for the next ten years, and I consider it fair to use in my valuation simulation.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/533c6cbd243e20b80956bed930edd7c1\" alt=\"Author&#39;s calculations\" title=\"Author&#39;s calculations\" tg-width=\"640\" tg-height=\"217\"/><span>Author&#39;s calculations</span></p><p>Based on the above assumptions, the stock still looks extremely undervalued, with a 46% upside potential. It is also essential to remember that my FCF assumptions are very conservative, meaning the valuation is very attractive.</p><h2 id=\"id_2258168775\">Risks update</h2><p>Netflix operates in a highly competitive environment, facing competition not only from peers like Disney+ or Amazon Prime but from social networks as well. The competition from short-form internet videos should not be underestimated as well. In recent years, we have seen how viral services like TikTok or Instagram Reels demonstrated substantial growth in the total number of views. That said, Netflix faces intense competition, and to maintain its success, the company has to continue producing its trendsetting content consistently. Failing to do so may lead to an increase in churn rate, which will ultimately undermine the financial performance.</p><p>The company&#39;s significant strategic moves, like introducing new advertising-supported subscription tiers or password-sharing crackdowns, are at the early stages of development, and there is a very high level of uncertainty about how these initiatives will unfold in the foreseeable future. The new, lower-end subscription tier might cannibalize revenues from more expensive tiers. Password-sharing crackdowns might significantly undermine brand loyalty over the long term as well.</p><h2 id=\"id_1993630902\">Bottom line</h2><p>To conclude, NFLX is a &#34;Strong Buy&#34;. I think that the massive upside potential significantly outweighs all the potential risks and uncertainties. The company&#39;s massive FCF suggests that the company has vast resources to attract the best people in the industry to continue generating trending content. The ability to grasp viewers&#39; attention is crucial in the highly competitive environment, and Netflix has been very successful in it in recent years. A strong track record of success gives me high conviction about the company&#39;s ability to sustain its buzzworthy content pipeline.</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>Netflix: Rally Far From Being Over</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNetflix: Rally Far From Being Over\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-08-30 14:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4631686-netflix-rally-far-from-being-over><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Netflix's stock has gained almost 29% since my first call, outperforming the broad market.The company's recent earnings report showed steady revenue growth and improved profitability metrics.Despite ...</p>\n\n<a href=\"https://seekingalpha.com/article/4631686-netflix-rally-far-from-being-over\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","BK4524":"宅经济概念","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","BK4527":"明星科技股","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","BK4588":"碎股","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","BK4551":"寇图资本持仓","BK4566":"资本集团","BK4581":"高盛持仓","NFLX":"奈飞","BK4548":"巴美列捷福持仓","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU1046421795.USD":"富达环球科技A-ACC","LU1823568750.SGD":"Fidelity Global Technology A-ACC SGD","BK4532":"文艺复兴科技持仓","LU1548497426.USD":"安联环球人工智能AT Acc","BK4108":"电影和娱乐","BK4507":"流媒体概念","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","BK4587":"ChatGPT概念"},"source_url":"https://seekingalpha.com/article/4631686-netflix-rally-far-from-being-over","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2363467045","content_text":"Netflix's stock has gained almost 29% since my first call, outperforming the broad market.The company's recent earnings report showed steady revenue growth and improved profitability metrics.Despite competition and potential risks, Netflix is undervalued and has a strong pipeline of new products, making it a \"Strong Buy\".JasonDoiy/iStock Unreleased via Getty ImagesInvestment thesisMy first article about Netflix (NASDAQ:NFLX) stock aged really well, with the stock price gaining almost 29% since then. To compare, the broad market rallied less than 7% during the same period.Seeking AlphaDespite a challenging environment, the company continues to improve profitability with steady revenue growth. Recent developments suggest that the company is poised to continue improving its financial performance, and the stock is still massively undervalued, even after the solid rally from last year's bottom. All in all, I upgraded Netflix's rating to \"Strong Buy\".Recent developmentsNetflix announced its latest quarterly earnings on July 19, missing consensus revenue estimates by about $100 million, which I consider insignificant. On the other hand, the adjusted EPS was well above consensus estimates. Revenue grew 2.7% YoY, and the adjusted EPS expanded from $3.20 to $3.29.Seeking AlphaProfitability metrics have improved YoY, a solid sign amid the harsh environment. The operating margin expanded YoY from 19.80% to 22.32%. Stronger operating leverage enabled the company to generate $4,581 million of the levered free cash flow [FCF], almost a 12% growth. The company's FCF margin is still stellar at almost 56% in Q2. Such a wide FCF margin means the business can reinvest heavily to innovate and continue producing its buzz-worthy content.The upcoming quarter's earnings are planned to be released on October 18. Quarterly revenue is expected to grow YoY by a solid 7.6%, and the adjusted EPS to expand from $3.10 to $3.49.Seeking AlphaOverall, I am optimistic about the company's future prospects. Despite the video streaming industry's growth pace cooling down while moving toward full penetration in the developed world, I see several growth drivers for Netflix. Netflix tops the brand loyalty ranking among the most popular U.S. streaming services. The company has a massive track record of success across various genres. According to variety.com, in 2022, Netflix dominated the original video streaming with the massive presence of its shows in the top 15 most viewed shows.Variety.comSeveral of these popular shows are expected to continue with new seasons in 2023 or 2024, meaning that Netflix has a strong pipeline of new products that are highly likely to maintain its high brand loyalty. That said, I believe the number of subscriptions is safe and poised to continue expanding. On the other hand, many bears might say that amid the current harsh environment, people are keen to cut their entertainment spending, which is likely to pressure revenue growth. The overall unfavorable sentiment is actually true, with recent surveys revealing that about 30% of internet households in the U.S. are cutting back on streaming spending. However, it is doubtful that households will cancel all their streaming subscriptions, and Netflix is well-positioned to be the most frequent survivor. The company now offers its lower-tier $7 per month subscription-based service, which means decent savings for households compared to the no-ads tier, and people will still have access to their favorite shows. It is also crucial to emphasize that Americans consider Netflix essential, with 43% of respondents answering that Netflix is the one streaming service consumers can't go without.Cybernews.comWhile I consider Netflix's revenue growth safe even amid the current challenging macro environment, it is also important to underline that the management is also focused on costs. During the latest earnings call, the commitment to be more efficient in spending was reiterated by the management. To conclude, I believe that prudent cost discipline together with bright revenue growth prospects will enable Netflix to remain on its wide FCF margin trajectory. This in turn will be reinvested back into production and build long-term value for shareholders.Valuation updateThe stock significantly outperformed the broad market this year with a 41% year-to-date rally. Seeking Alpha Quant assigns the stock a deficient \"D-\" valuation grade due to high multiples compared to the sector median. But Netflix is a highly profitable company with a solid brand and a vast fan base. That said, I prefer to compare current multiples with historical averages, and based on this comparison NFLX looks attractively valued.Seeking AlphaNow, let me proceed with the discounted cash flow [DCF] approach. I use a 10% WACC as a discount rate. Netflix is an FCF star generating above 50% margin, but assuming this high level to be sustainable over the next decade looks too optimistic. Therefore, I assume a long-term stable 25% FCF margin for my DCF valuation. Revenue consensus estimates forecast a 9.7% CAGR for the next ten years, and I consider it fair to use in my valuation simulation.Author's calculationsBased on the above assumptions, the stock still looks extremely undervalued, with a 46% upside potential. It is also essential to remember that my FCF assumptions are very conservative, meaning the valuation is very attractive.Risks updateNetflix operates in a highly competitive environment, facing competition not only from peers like Disney+ or Amazon Prime but from social networks as well. The competition from short-form internet videos should not be underestimated as well. In recent years, we have seen how viral services like TikTok or Instagram Reels demonstrated substantial growth in the total number of views. That said, Netflix faces intense competition, and to maintain its success, the company has to continue producing its trendsetting content consistently. Failing to do so may lead to an increase in churn rate, which will ultimately undermine the financial performance.The company's significant strategic moves, like introducing new advertising-supported subscription tiers or password-sharing crackdowns, are at the early stages of development, and there is a very high level of uncertainty about how these initiatives will unfold in the foreseeable future. The new, lower-end subscription tier might cannibalize revenues from more expensive tiers. Password-sharing crackdowns might significantly undermine brand loyalty over the long term as well.Bottom lineTo conclude, NFLX is a \"Strong Buy\". I think that the massive upside potential significantly outweighs all the potential risks and uncertainties. The company's massive FCF suggests that the company has vast resources to attract the best people in the industry to continue generating trending content. The ability to grasp viewers' attention is crucial in the highly competitive environment, and Netflix has been very successful in it in recent years. A strong track record of success gives me high conviction about the company's ability to sustain its buzzworthy content pipeline.","news_type":1},"isVote":1,"tweetType":1,"viewCount":131,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":208760275496984,"gmtCreate":1691990828834,"gmtModify":1691990832932,"author":{"id":"4145415254454072","authorId":"4145415254454072","name":"ATian","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4145415254454072","authorIdStr":"4145415254454072"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/208760275496984","repostId":"2359003917","repostType":2,"repost":{"id":"2359003917","pubTimestamp":1691989769,"share":"https://ttm.financial/m/news/2359003917?lang=&edition=fundamental","pubTime":"2023-08-14 13:09","market":"us","language":"en","title":"Tesla Cuts China Prices Again, Triggering Slump in Auto Stocks","url":"https://stock-news.laohu8.com/highlight/detail?id=2359003917","media":"Bloomberg","summary":"Tesla has cut the price of both the Model Y Long Range as well as the Model Y Performance by RMB 14,000 in China.\n...","content":"<html><head></head><body><ul><li><p>Long-Range, Performance model prices reduced by around $1,900</p></li><li><p>BYD, Li Auto, Xpeng sink on concern price war to respark</p></li></ul><p>Tesla Inc. rolled out a new round of price cuts in China, sending auto stocks tumbling on concerns the move will respark a bruising price war that had showed signs of abating.</p><p style=\"text-align: start;\">The automaker reduced the price of the top-end Long-Range and Performance versions of the Model Y sport utility vehicle by 14,000 yuan ($1,900) to 299,900 yuan and 349,900 yuan respectively, according to a post on its Weibo account on Monday. An 8,000 yuan insurance subsidy on newly purchased Model 3 rear-wheel drive vehicles was also extended until the end of next month.</p><p>The cuts follow the likes of Geely Automobile Holdings Ltd.’s Zeekr brand, which lowered pricesas much as 37,000 yuan last week. Zhejiang Leapmotor Technologies Ltd. cut by as much as 20,000 yuan at the start of the month. Tesla triggered the price war with an initial round of cuts last year before further discounts in January that left Tesla’s locally made cars as much as 14% cheaper than last year, and in some cases almost 50% less expensive than in the US and Europe.</p><p>China’s best-selling auto brand BYD Co. sank 7.86% in Hong Kong trading. Li Auto Inc. was down 3.93% lower, Xpeng Inc. fell 6.73% and Nio was off 4.55%.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7ba0bcc7dd42b0ed625907b5e3e6f978\" tg-width=\"431\" tg-height=\"309\"/></p><p>“Price competition has been and will remain an ongoing theme in China’s auto market,” said Joanna Chen, an auto analyst at Bloomberg Intelligence. “Tesla is trying to keep volume rolling after July sales showed its slowing order intake without new models to attract Chinese buyers.”</p><p style=\"text-align: start;\">Tesla’s China deliveries slumped 31% in July to the lowest level this year — just as the carmaker plans to soon unveil its revamped Model 3 “Highland” sedan from its Shanghai factory.</p><p style=\"text-align: start;\">Clean car sales in China declined in July from June, though purchases shifted towards major players with BYD, Li Auto and Nio Inc. all reporting new sales records.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Cuts China Prices Again, Triggering Slump in Auto Stocks</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Cuts China Prices Again, Triggering Slump in Auto Stocks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-08-14 13:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://cnevpost.com/2023/08/14/tesla-cuts-model-y-prices-in-china/><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Long-Range, Performance model prices reduced by around $1,900BYD, Li Auto, Xpeng sink on concern price war to resparkTesla Inc. rolled out a new round of price cuts in China, sending auto stocks ...</p>\n\n<a href=\"https://cnevpost.com/2023/08/14/tesla-cuts-model-y-prices-in-china/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09868":"小鹏汽车-W","02015":"理想汽车-W","01211":"比亚迪股份","TSLL":"Direxion Daily TSLA Bull 2X Shares","TSLA":"特斯拉","09866":"蔚来-SW"},"source_url":"https://cnevpost.com/2023/08/14/tesla-cuts-model-y-prices-in-china/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2359003917","content_text":"Long-Range, Performance model prices reduced by around $1,900BYD, Li Auto, Xpeng sink on concern price war to resparkTesla Inc. rolled out a new round of price cuts in China, sending auto stocks tumbling on concerns the move will respark a bruising price war that had showed signs of abating.The automaker reduced the price of the top-end Long-Range and Performance versions of the Model Y sport utility vehicle by 14,000 yuan ($1,900) to 299,900 yuan and 349,900 yuan respectively, according to a post on its Weibo account on Monday. An 8,000 yuan insurance subsidy on newly purchased Model 3 rear-wheel drive vehicles was also extended until the end of next month.The cuts follow the likes of Geely Automobile Holdings Ltd.’s Zeekr brand, which lowered pricesas much as 37,000 yuan last week. Zhejiang Leapmotor Technologies Ltd. cut by as much as 20,000 yuan at the start of the month. Tesla triggered the price war with an initial round of cuts last year before further discounts in January that left Tesla’s locally made cars as much as 14% cheaper than last year, and in some cases almost 50% less expensive than in the US and Europe.China’s best-selling auto brand BYD Co. sank 7.86% in Hong Kong trading. Li Auto Inc. was down 3.93% lower, Xpeng Inc. fell 6.73% and Nio was off 4.55%.“Price competition has been and will remain an ongoing theme in China’s auto market,” said Joanna Chen, an auto analyst at Bloomberg Intelligence. “Tesla is trying to keep volume rolling after July sales showed its slowing order intake without new models to attract Chinese buyers.”Tesla’s China deliveries slumped 31% in July to the lowest level this year — just as the carmaker plans to soon unveil its revamped Model 3 “Highland” sedan from its Shanghai factory.Clean car sales in China declined in July from June, though purchases shifted towards major players with BYD, Li Auto and Nio Inc. all reporting new sales records.","news_type":1},"isVote":1,"tweetType":1,"viewCount":178,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":207583351853280,"gmtCreate":1691708298063,"gmtModify":1691708301491,"author":{"id":"4145415254454072","authorId":"4145415254454072","name":"ATian","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4145415254454072","authorIdStr":"4145415254454072"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/207583351853280","repostId":"207445548650528","repostType":1,"repost":{"id":207445548650528,"gmtCreate":1691674019434,"gmtModify":1691674087560,"author":{"id":"4102740236684050","authorId":"4102740236684050","name":"MaverickWealthBuilder","avatar":"https://community-static.tradeup.com/news/bbf0f514b8e5abb92266789b89f6e1e6","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4102740236684050","authorIdStr":"4102740236684050"},"themes":[],"title":"Maybe Alibaba's Most Important Earnings Ever: Why Should I Invest Here?","htmlText":"<a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$</a> has released its Q1 financial report for the 24th fiscal year, showing progress in open source and a comprehensive recovery in business while further improving profit margins. <a href=\"https://ttm.financial/S/09988\">$Alibaba(09988)$</a> SummaryChina's e-commerce business has achieved double-digit growth after being quiet for five quarters, but profit margins have declined due to industry competition and downward CPI;International e-commerce achieved its highest growth rate ever at 43.8%, benefiting from cooperation with \"One Belt, One Road\" countries and the easing competition in Southeast Asian subsidiaries;The strong e-commerce business also led to Cainiao Logistics turning losses into profits;Local life and digital entertainment","listText":"<a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$</a> has released its Q1 financial report for the 24th fiscal year, showing progress in open source and a comprehensive recovery in business while further improving profit margins. <a href=\"https://ttm.financial/S/09988\">$Alibaba(09988)$</a> SummaryChina's e-commerce business has achieved double-digit growth after being quiet for five quarters, but profit margins have declined due to industry competition and downward CPI;International e-commerce achieved its highest growth rate ever at 43.8%, benefiting from cooperation with \"One Belt, One Road\" countries and the easing competition in Southeast Asian subsidiaries;The strong e-commerce business also led to Cainiao Logistics turning losses into profits;Local life and digital entertainment","text":"$Alibaba(BABA)$ has released its Q1 financial report for the 24th fiscal year, showing progress in open source and a comprehensive recovery in business while further improving profit margins. $Alibaba(09988)$ SummaryChina's e-commerce business has achieved double-digit growth after being quiet for five quarters, but profit margins have declined due to industry competition and downward CPI;International e-commerce achieved its highest growth rate ever at 43.8%, benefiting from cooperation with \"One Belt, One Road\" countries and the easing competition in Southeast Asian subsidiaries;The strong e-commerce business also led to Cainiao Logistics turning losses into profits;Local life and digital 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ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/207583009526000","repostId":"207265752035528","repostType":1,"repost":{"id":207265752035528,"gmtCreate":1691631166396,"gmtModify":1691631172373,"author":{"id":"4152977907293352","authorId":"4152977907293352","name":"Stock Trader","avatar":"https://community-static.tradeup.com/news/d0890f612db986f112d211772cd35106","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4152977907293352","authorIdStr":"4152977907293352"},"themes":[],"title":"Visa Inc.","htmlText":"Current trend The shares of Visa Inc., the largest American multinational company providing payment transaction services, are correcting at the level of 239.00. The financial report for Q3 was considered positive by experts, as the company managed to increase both revenue and net profit: adjusted earnings per share amounted to 2.16 dollars compared to the forecast 2.11 dollars, and revenue — 8.1B dollars with preliminary estimates of 8.06B dollars. At the same time, the volume of cross-border payments in the reporting period was fixed at 22.0%. Against this background, analysts of the financial conglomerate Morgan Stanley raised the target price for the issuer's shares by 2.0 dollars to 292.0 dollars. According to analysts, the positive trend will continue due to an increase in internation","listText":"Current trend The shares of Visa Inc., the largest American multinational company providing payment transaction services, are correcting at the level of 239.00. The financial report for Q3 was considered positive by experts, as the company managed to increase both revenue and net profit: adjusted earnings per share amounted to 2.16 dollars compared to the forecast 2.11 dollars, and revenue — 8.1B dollars with preliminary estimates of 8.06B dollars. At the same time, the volume of cross-border payments in the reporting period was fixed at 22.0%. Against this background, analysts of the financial conglomerate Morgan Stanley raised the target price for the issuer's shares by 2.0 dollars to 292.0 dollars. According to analysts, the positive trend will continue due to an increase in internation","text":"Current trend The shares of Visa Inc., the largest American multinational company providing payment transaction services, are correcting at the level of 239.00. The financial report for Q3 was considered positive by experts, as the company managed to increase both revenue and net profit: adjusted earnings per share amounted to 2.16 dollars compared to the forecast 2.11 dollars, and revenue — 8.1B dollars with preliminary estimates of 8.06B dollars. At the same time, the volume of cross-border payments in the reporting period was fixed at 22.0%. Against this background, analysts of the financial conglomerate Morgan Stanley raised the target price for the issuer's shares by 2.0 dollars to 292.0 dollars. According to analysts, the positive trend will continue due to an increase in internation","images":[],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/207265752035528","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":122,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":207429405622336,"gmtCreate":1691670592312,"gmtModify":1691670595684,"author":{"id":"4145415254454072","authorId":"4145415254454072","name":"ATian","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4145415254454072","authorIdStr":"4145415254454072"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/207429405622336","repostId":"1773177832017956","repostType":17,"repost":{"id":2579,"live_id":"1773177832017956","type":1,"live_form":0,"category_id":3,"category_name":"业绩报告会","material_type":0,"regions":[3,1,6,7,5,2,4],"title":"Alibaba FY2024Q1 Earnings Call","title_en":"Alibaba FY2024Q1 Earnings Call","status":3,"abstract_en":[],"description_html":"Alibaba will hold its quarterly conference call to discuss first quarter 2024 financial results on Thursday, Aug 10, at 07:30 p.m. Singapore Time (09:30 p.m. Australian Eastern Time).Stay tuned！","description_html_en":"Alibaba will hold its quarterly conference call to discuss first quarter 2024 financial results on Thursday, Aug 10, at 07:30 p.m. Singapore Time (09:30 p.m. Australian Eastern Time).Stay tuned！","source_url":"https://lpl27170.laohu8.com/live/Yihan2023.m3u8","video_url":"","live_img_url":"https://p1-live.byteimg.com/tos-cn-i-gjr78lqtd0/c153fc20331949d7811be321c070d138~tplv-gjr78lqtd0-z75.image","live_img_url_en":"https://p1-live.byteimg.com/tos-cn-i-gjr78lqtd0/c153fc20331949d7811be321c070d138~tplv-gjr78lqtd0-z75.image","activate_content":true,"expected_time":1691667000000,"time_remain":-39969874875,"start_time":0,"end_time":1691672892,"user_counter":"1143","symbols":[],"speaker_info":[],"abstract":[]},"isVote":1,"tweetType":1,"viewCount":156,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":206740915413192,"gmtCreate":1691504136851,"gmtModify":1691504140078,"author":{"id":"4145415254454072","authorId":"4145415254454072","name":"ATian","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4145415254454072","authorIdStr":"4145415254454072"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/206740915413192","repostId":"1772467480223767","repostType":17,"repost":{"id":2552,"live_id":"1772467480223767","type":2,"live_form":0,"category_id":5,"category_name":"大咖热评","material_type":0,"regions":[2],"title":"SMARTT -  Options trading strategies ","title_en":"SMARTT -  Options trading strategies ","status":3,"abstract_en":[],"description_html":"- Weekly Key Headlines - Real-time trading - Special market analysis report for Tiger Traders","description_html_en":"- Weekly Key Headlines - Real-time trading - Special market analysis report for Tiger Traders","source_url":"-","video_url":"","live_img_url":"https://p1-live.byteimg.com/tos-cn-i-gjr78lqtd0/0fa5e436125f4e25b9f3c8d951fc1196~tplv-gjr78lqtd0-z75.image","live_img_url_en":"https://p1-live.byteimg.com/tos-cn-i-gjr78lqtd0/0fa5e436125f4e25b9f3c8d951fc1196~tplv-gjr78lqtd0-z75.image","activate_content":true,"expected_time":1690457400000,"time_remain":-41179365184,"start_time":0,"end_time":1690460403,"user_counter":"0","symbols":[],"speaker_info":[],"abstract":[]},"isVote":1,"tweetType":1,"viewCount":134,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}