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2023-10-01

I see that attacks are sustained on GME and its CEO. This means the stock is a strong buy now.

Ryan Cohen’s GameStop Gambit Raises Specter of His Spotty Record

2023-10-07

GME will melt faces when the corruption in the market ends.

3 Momentum Stocks to Sell Before the Magic Is Gone

07-14

Do journalists no longer have any integrity left? Wow, Trump was clearly shot and was bleeding while being rushed off stage and your headline is "Gunshots reportedly fired". Get out of here!

Trump Is "Fine" And Shooter Dead After Chaos Erupts At Rally

2023-09-29

Whoever wrote this article clearly has no idea what they're talking about hahah! It's an embarrassment to even publish such articles. Whoever i short GME is coming out strong after the movie Dumb Money is expected to raise people's interest in the stock again.

GameStop's Demise Assured With New CEO, Wedbush Says; Cohen Calls for "Extreme Frugality"

2023-09-20

Bullish

Nio Crashed Over 12% in Hong Kong and Singapore Markets After Raising $1 Billion in Convertible Bond Deal

2023-09-01

Sofi is an undervalued stock. Clear winner in Fintec space for 2023.

SoFi Is Digging A Wider Moat

2023-09-21

I have $1000 to invest but I choose $SOFI and $PLTR for long term.

Got $1,000? 2 Stocks to Buy Now While They're on Sale.

Go to Tiger App to see more news

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Wow, Trump was clearly shot and was bleeding while being rushed off stage and your headline is \"Gunshots reportedly fired\". Get out of here!","listText":"Do journalists no longer have any integrity left? Wow, Trump was clearly shot and was bleeding while being rushed off stage and your headline is \"Gunshots reportedly fired\". Get out of here!","text":"Do journalists no longer have any integrity left? Wow, Trump was clearly shot and was bleeding while being rushed off stage and your headline is \"Gunshots reportedly fired\". Get out of here!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/327189765894224","repostId":"1155736085","repostType":2,"repost":{"id":"1155736085","pubTimestamp":1720913466,"share":"https://ttm.financial/m/news/1155736085?lang=&edition=fundamental","pubTime":"2024-07-14 07:31","market":"us","language":"en","title":"Trump Is \"Fine\" And Shooter Dead After Chaos Erupts At Rally","url":"https://stock-news.laohu8.com/highlight/detail?id=1155736085","media":"Bloomberg","summary":"Two people have died after gunshots were fired at a Donald Trump rally in Pennsylvania - with the injured former president rushed off stage by armed security.Butler County District attorney told the A","content":"<html><head></head><body><ul style=\"\"><li><p>The shooter and one bystander are dead, Butler County DA says</p></li><li><p>Former president is being checked at local medical facility</p></li></ul><p>Former President Donald Trump is being evaluated at a medical facility but is “fine” after an incident where he was rushed off stage during a rally in Butler, Pennsylvania, his campaign said.</p><p>The shooter is dead, one bystander at the rally also died, and a third person is critically injured, the Butler County district attorney said.</p><p>“President Trump thanks law enforcement and first responders for their quick action during this heinous act,” Trump spokesman Stephen Cheung said in a statement Saturday. “He is fine and is being checked out at a local medical facility. More details will follow.”</p><p>Trump was seen grabbing at his ear after a loud popping noise was heard at the rally. Secret Service agents rushed to the stage, yelling “get down” and formed a circle around the former president.</p><p>After slowly standing up, Trump repeatedly pumped his fist in the air and waved to the crowd before exiting the stage in a ring of agents. He appeared to have blood on his right ear. Other people at the rally also appeared to be injured, according to a person at the event.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/4234a9e4aa232818b0537608c7203fb1\" alt=\"\" title=\"\" tg-width=\"2048\" tg-height=\"1365\"/></p><p>The US Secret Service said in a statement that Trump was safe and that they had implemented protective measures.</p><p>“This is now an active Secret Service investigation and further information will be released when available,” Anthony Guglielmi, a spokesman for the agency said in a post on X.</p><p>Immediately after shots were fired rally attendees dove to the ground, ducking for cover. Police told onlookers to leave the event. Many listened and rushed off, particularly those with kids. Others milled around and there were a couple instances of small fights that broke out between people as they made their way out.</p><p>The incident happened about 6:13 p.m. New York time, just a few minutes after Trump began speaking on stage.</p><p>David McCormick, the former Bridgewater Associates chief executive officer turned Republican Senate candidate, was at the rally.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/3a4289af3df0c3b873e1af569a23ae82\" alt=\"Donald Trump is rushed offstage during a rally.Photo by Anna Moneymaker/Getty Images\" title=\"Donald Trump is rushed offstage during a rally.Photo by Anna Moneymaker/Getty Images\" tg-width=\"3726\" tg-height=\"2484\"/><span>Donald Trump is rushed offstage during a rally.Photo by Anna Moneymaker/Getty Images</span></p><p>President Joe Biden said he was “grateful” to hear Trump was “safe and doing well.”</p><p>“I’m praying for him and his family and for all those who were at the rally, as we await further information,” Biden said. “Jill and I are grateful to the Secret Service for getting him to safety. There’s no place for this kind of violence in America. We must unite as one nation to condemn it.”</p><p>Biden was briefed on the incident by Secret Service Director Kimberly Cheatle, Department of Homeland Security Secretary Alejandro Mayorkas, and Homeland Security Advisor Liz Sherwood-Randall. The president’s chief of staff and other aides also participated in the briefing.</p><p>Trump was visiting swing-state Pennsylvania for his last rally before the Republican National Convention begins on Monday, and as he is preparing to announce his vice presidential pick.</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>Trump Is \"Fine\" And Shooter Dead After Chaos Erupts At Rally</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\">\nTrump Is \"Fine\" And Shooter Dead After Chaos Erupts At Rally\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-14 07:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-07-13/trump-rushed-off-stage-at-pennsylvania-rally><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The shooter and one bystander are dead, Butler County DA saysFormer president is being checked at local medical facilityFormer President Donald Trump is being evaluated at a medical facility but is “...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-07-13/trump-rushed-off-stage-at-pennsylvania-rally\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DJT":"特朗普媒体科技集团"},"source_url":"https://www.bloomberg.com/news/articles/2024-07-13/trump-rushed-off-stage-at-pennsylvania-rally","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155736085","content_text":"The shooter and one bystander are dead, Butler County DA saysFormer president is being checked at local medical facilityFormer President Donald Trump is being evaluated at a medical facility but is “fine” after an incident where he was rushed off stage during a rally in Butler, Pennsylvania, his campaign said.The shooter is dead, one bystander at the rally also died, and a third person is critically injured, the Butler County district attorney said.“President Trump thanks law enforcement and first responders for their quick action during this heinous act,” Trump spokesman Stephen Cheung said in a statement Saturday. “He is fine and is being checked out at a local medical facility. More details will follow.”Trump was seen grabbing at his ear after a loud popping noise was heard at the rally. Secret Service agents rushed to the stage, yelling “get down” and formed a circle around the former president.After slowly standing up, Trump repeatedly pumped his fist in the air and waved to the crowd before exiting the stage in a ring of agents. He appeared to have blood on his right ear. Other people at the rally also appeared to be injured, according to a person at the event.The US Secret Service said in a statement that Trump was safe and that they had implemented protective measures.“This is now an active Secret Service investigation and further information will be released when available,” Anthony Guglielmi, a spokesman for the agency said in a post on X.Immediately after shots were fired rally attendees dove to the ground, ducking for cover. Police told onlookers to leave the event. Many listened and rushed off, particularly those with kids. Others milled around and there were a couple instances of small fights that broke out between people as they made their way out.The incident happened about 6:13 p.m. New York time, just a few minutes after Trump began speaking on stage.David McCormick, the former Bridgewater Associates chief executive officer turned Republican Senate candidate, was at the rally.Donald Trump is rushed offstage during a rally.Photo by Anna Moneymaker/Getty ImagesPresident Joe Biden said he was “grateful” to hear Trump was “safe and doing well.”“I’m praying for him and his family and for all those who were at the rally, as we await further information,” Biden said. “Jill and I are grateful to the Secret Service for getting him to safety. There’s no place for this kind of violence in America. We must unite as one nation to condemn it.”Biden was briefed on the incident by Secret Service Director Kimberly Cheatle, Department of Homeland Security Secretary Alejandro Mayorkas, and Homeland Security Advisor Liz Sherwood-Randall. The president’s chief of staff and other aides also participated in the briefing.Trump was visiting swing-state Pennsylvania for his last rally before the Republican National Convention begins on Monday, and as he is preparing to announce his vice presidential pick.","news_type":1},"isVote":1,"tweetType":1,"viewCount":14,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":227908224921872,"gmtCreate":1696666620612,"gmtModify":1696668392827,"author":{"id":"4152496098951332","authorId":"4152496098951332","authorIdStr":"4152496098951332","name":"NealRiggers","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4152496098951332"},"themes":[],"htmlText":"GME will melt faces when the corruption in the market ends.&nbsp;","listText":"GME will melt faces when the corruption in the market ends.&nbsp;","text":"GME will melt faces when the corruption in the market ends.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/227908224921872","repostId":"2373234916","repostType":2,"repost":{"id":"2373234916","pubTimestamp":1696658400,"share":"https://ttm.financial/m/news/2373234916?lang=&edition=fundamental","pubTime":"2023-10-07 14:00","market":"us","language":"en","title":"3 Momentum Stocks to Sell Before the Magic Is Gone","url":"https://stock-news.laohu8.com/highlight/detail?id=2373234916","media":"InvestorPlace","summary":"The momentum underpinning these stocks seems to be disappearing, and investors would be wise to sell now before things get worse.","content":"<html><head></head><body><ul style=\"\"><li><p>Here are three momentum stocks to dump before the damage is done.</p></li><li><p>Netflix (NFLX): A plan to further raise prices could lead to a loss of subscribers.</p></li><li><p>General Motors (GM): The ongoing autoworkers strike is likely to derail the company’s EV strategy.</p></li><li><p>GameStop (GME): The video game retailer’s stock has fallen 17% since Ryan Cohen was named CEO.</p></li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9a63b2d4bda9d2bd544c33dfbd980f29\" alt=\"Source: shutterstock.com/Ink Drop\" title=\"Source: shutterstock.com/Ink Drop\" tg-width=\"768\" tg-height=\"432\"/><span>Source: shutterstock.com/Ink Drop</span></p><p>Momentum stocks tend to be securities that are rising quickly and have a track record of consistent gains. These also tend to be stocks of well-known companies that have brand recognition and get a lot of media attention. While momentum stocks often provide big gains to investors they can also lose steam, and very quickly. This has led to the emergence of momentum stocks to sell.</p><p>A change of strategy, shift in circumstance, or loss of confidence in the stock can send the share price trending lower. As such, it is important for investors to stay on top of news related to any momentum stocks they own and make adjustments quickly if the narrative suddenly changes.</p><p>Just as fast as momentum stocks rise, they can quickly fall. Being able to see when the momentum is starting to slow is therefore important. Here are three momentum stocks to dump before the damage is done.</p><h2 id=\"id_3052093176\">Netflix (NFLX)</h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4b2847b344315e45e46055cd68d6793d\" alt=\"Source: xalien / Shutterstock\" title=\"Source: xalien / Shutterstock\" tg-width=\"300\" tg-height=\"169\"/><span>Source: xalien / Shutterstock</span></p><p>Reports have surfaced that Netflix (NASDAQ:NFLX) is planning to raise the price of its ad-free streaming tier once the strike by Hollywood actors ends. Netflix is preparing to hike prices in the U.S. and Canada immediately after the strike ends, and also plans to increase the fees it charges consumers in foreign markets during 2024. The price increases come as Netflix also cracks down on password sharing by subscribers and has introduced paid advertisements to its streaming platform for the first time.</p><p>While raising prices will bring in more revenue for Netflix, it could also lead to a loss of subscribers worldwide. This would be very damaging for Netflix coming during a period of rising competition and price wars among streaming companies.</p><p>Additionally, with production in Hollywood now shutdown for six months, there is a dearth of new content on Netflix, a situation that could lead subscribers to wonder what they are paying higher prices for? The move is unlikely to help NFLX stock, which has fallen 16% in the past month. This makes it one of those momentum stocks to sell.</p><h2 id=\"id_1531685721\">General Motors (GM)</h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/19937bc1c40e26bd4e22314bd657f3be\" alt=\"Source: Katherine Welles / Shutterstock.com\" title=\"Source: Katherine Welles / Shutterstock.com\" tg-width=\"300\" tg-height=\"169\"/><span>Source: Katherine Welles / Shutterstock.com</span></p><p>Speaking of strikes, the job action by the United Auto Workers (UAW) union is entering its third week with no end in sight. This is very bad for all the automakers involved, particularly General Motors (NYSE:GM), whose electric vehicle strategy was behind schedule before the strike occurred and is now likely to be thrown into reverse. The full impact of the strike won’t be known for months. However, GM has already said that the targeted strike by the UAW cost it $200 million during this year’s third quarter.</p><p>In response to the UAW strike, GM has resorted to laying off employees, most recently cutting 120 positions in Parma, Ohio, and Marion, Indiana. The company has also secured itself a $6 billion line of credit in anticipation of a protracted work stoppage and in the event of a full-blown walkout by the union.</p><p>A negotiated settlement doesn’t appear likely anytime soon with the UAW demanding across the board pay raises of 40% and a return to traditional pension plans. GM stock has declined 8% this year, making it a momentum stock to dump.</p><h2 id=\"id_3788568605\">GameStop (GME)</h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b9860f328d9cd0140adc12f9bb1a2e21\" alt=\"Source: shutterstock.com/EchoVisuals\" title=\"Source: shutterstock.com/EchoVisuals\" tg-width=\"300\" tg-height=\"169\"/><span>Source: shutterstock.com/EchoVisuals</span></p><p>Is Ryan Cohen really the person to save video game retailer GameStop (NYSE:GME)? Not judging by the market’s reaction to news that Cohen has been named the company’s new CEO effective immediately. After initially jumping 10% higher, GME stock has subsequently plunged 17% since Cohen was named to the top job at GameStop. The company’s share price has now declined 23% over the last month. Clearly investors don’t see Cohen as a white knight coming to the rescue of GameStop.</p><p>The negative reaction is a bit surprising considering that Cohen already serves on GameStop’s board of directors, is one of the company’s largest shareholders, and has refused to take any financial compensation for his expanded role as CEO. Cohen, who made billions from founding online pet retailer Chewy (NYSE:CHWY), first took a position in GME stock in 2020 and joined the board in 2021. His focus as CEO will be revive the retailer’s turn around strategy that is aimed at making GameStop an e-commerce company. Investors seem skeptical. All in all, it’s definitely one of those momentum stocks to sell.</p></body></html>","source":"investorplace_stock_picks","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Momentum Stocks to Sell Before the Magic Is Gone</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Momentum Stocks to Sell Before the Magic Is Gone\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-10-07 14:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2023/10/3-momentum-stocks-to-sell-before-the-magic-is-gone/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Here are three momentum stocks to dump before the damage is done.Netflix (NFLX): A plan to further raise prices could lead to a loss of subscribers.General Motors (GM): The ongoing autoworkers strike ...</p>\n\n<a href=\"https://investorplace.com/2023/10/3-momentum-stocks-to-sell-before-the-magic-is-gone/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","BK4532":"文艺复兴科技持仓","NFLX":"奈飞","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4108":"电影和娱乐","BK4507":"流媒体概念","BK4585":"ETF&股票定投概念","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","BK4534":"瑞士信贷持仓","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","BK4555":"新能源车","LU1823568750.SGD":"Fidelity Global Technology A-ACC SGD","BK4566":"资本集团","BK4587":"ChatGPT概念","SG9999004303.SGD":"Nikko AM Shenton Global Opportunities SGD","BK4524":"宅经济概念","BK4577":"网络游戏","GME":"游戏驿站","BK4527":"明星科技股","BK4559":"巴菲特持仓","GM":"通用汽车","LU0320765489.SGD":"FTIF - Franklin Mutual US Value A Acc SGD","BK4588":"碎股","LU0648000940.SGD":"Natixis Harris Associates Global Equity RA SGD","BK4076":"电脑与电子产品零售","LU0070302665.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","BK4574":"无人驾驶","BK4122":"互联网与直销零售","BK4551":"寇图资本持仓","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","BK4561":"索罗斯持仓","BK4547":"WSB热门概念","SGXZ23171101.USD":"NIKKO AM SHENTON GLOBAL OPPORTUNITIES (USD) ACC","BK4581":"高盛持仓","LU1548497426.USD":"安联环球人工智能AT Acc","LU0130103400.USD":"Natixis Harris Associates Global Equity RA USD","BK4200":"专卖店","BK4099":"汽车制造商","LU1201861165.SGD":"Natixis Harris Associates Global Equity PA SGD","BK4548":"巴美列捷福持仓"},"source_url":"https://investorplace.com/2023/10/3-momentum-stocks-to-sell-before-the-magic-is-gone/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2373234916","content_text":"Here are three momentum stocks to dump before the damage is done.Netflix (NFLX): A plan to further raise prices could lead to a loss of subscribers.General Motors (GM): The ongoing autoworkers strike is likely to derail the company’s EV strategy.GameStop (GME): The video game retailer’s stock has fallen 17% since Ryan Cohen was named CEO.Source: shutterstock.com/Ink DropMomentum stocks tend to be securities that are rising quickly and have a track record of consistent gains. These also tend to be stocks of well-known companies that have brand recognition and get a lot of media attention. While momentum stocks often provide big gains to investors they can also lose steam, and very quickly. This has led to the emergence of momentum stocks to sell.A change of strategy, shift in circumstance, or loss of confidence in the stock can send the share price trending lower. As such, it is important for investors to stay on top of news related to any momentum stocks they own and make adjustments quickly if the narrative suddenly changes.Just as fast as momentum stocks rise, they can quickly fall. Being able to see when the momentum is starting to slow is therefore important. Here are three momentum stocks to dump before the damage is done.Netflix (NFLX)Source: xalien / ShutterstockReports have surfaced that Netflix (NASDAQ:NFLX) is planning to raise the price of its ad-free streaming tier once the strike by Hollywood actors ends. Netflix is preparing to hike prices in the U.S. and Canada immediately after the strike ends, and also plans to increase the fees it charges consumers in foreign markets during 2024. The price increases come as Netflix also cracks down on password sharing by subscribers and has introduced paid advertisements to its streaming platform for the first time.While raising prices will bring in more revenue for Netflix, it could also lead to a loss of subscribers worldwide. This would be very damaging for Netflix coming during a period of rising competition and price wars among streaming companies.Additionally, with production in Hollywood now shutdown for six months, there is a dearth of new content on Netflix, a situation that could lead subscribers to wonder what they are paying higher prices for? The move is unlikely to help NFLX stock, which has fallen 16% in the past month. This makes it one of those momentum stocks to sell.General Motors (GM)Source: Katherine Welles / Shutterstock.comSpeaking of strikes, the job action by the United Auto Workers (UAW) union is entering its third week with no end in sight. This is very bad for all the automakers involved, particularly General Motors (NYSE:GM), whose electric vehicle strategy was behind schedule before the strike occurred and is now likely to be thrown into reverse. The full impact of the strike won’t be known for months. However, GM has already said that the targeted strike by the UAW cost it $200 million during this year’s third quarter.In response to the UAW strike, GM has resorted to laying off employees, most recently cutting 120 positions in Parma, Ohio, and Marion, Indiana. The company has also secured itself a $6 billion line of credit in anticipation of a protracted work stoppage and in the event of a full-blown walkout by the union.A negotiated settlement doesn’t appear likely anytime soon with the UAW demanding across the board pay raises of 40% and a return to traditional pension plans. GM stock has declined 8% this year, making it a momentum stock to dump.GameStop (GME)Source: shutterstock.com/EchoVisualsIs Ryan Cohen really the person to save video game retailer GameStop (NYSE:GME)? Not judging by the market’s reaction to news that Cohen has been named the company’s new CEO effective immediately. After initially jumping 10% higher, GME stock has subsequently plunged 17% since Cohen was named to the top job at GameStop. The company’s share price has now declined 23% over the last month. Clearly investors don’t see Cohen as a white knight coming to the rescue of GameStop.The negative reaction is a bit surprising considering that Cohen already serves on GameStop’s board of directors, is one of the company’s largest shareholders, and has refused to take any financial compensation for his expanded role as CEO. Cohen, who made billions from founding online pet retailer Chewy (NYSE:CHWY), first took a position in GME stock in 2020 and joined the board in 2021. His focus as CEO will be revive the retailer’s turn around strategy that is aimed at making GameStop an e-commerce company. Investors seem skeptical. All in all, it’s definitely one of those momentum stocks to sell.","news_type":1},"isVote":1,"tweetType":1,"viewCount":65,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":225546124460072,"gmtCreate":1696122189511,"gmtModify":1696122194309,"author":{"id":"4152496098951332","authorId":"4152496098951332","authorIdStr":"4152496098951332","name":"NealRiggers","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4152496098951332"},"themes":[],"htmlText":"I see that attacks are sustained on GME and its CEO. This means the stock is a strong buy now.","listText":"I see that attacks are sustained on GME and its CEO. This means the stock is a strong buy now.","text":"I see that attacks are sustained on GME and its CEO. This means the stock is a strong buy now.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/225546124460072","repostId":"2371271010","repostType":2,"repost":{"id":"2371271010","pubTimestamp":1696119963,"share":"https://ttm.financial/m/news/2371271010?lang=&edition=fundamental","pubTime":"2023-10-01 08:26","market":"us","language":"en","title":"Ryan Cohen’s GameStop Gambit Raises Specter of His Spotty Record","url":"https://stock-news.laohu8.com/highlight/detail?id=2371271010","media":"Bloomberg","summary":"Billionaire Ryan Cohen’s appointment to lead GameStop Corp. drew cheers across the social-media platforms that made him a meme-stock icon. But investors may want to hold the applause based on his spot","content":"<html><head></head><body><p>Billionaire Ryan Cohen’s appointment to lead GameStop Corp. drew cheers across the social-media platforms that made him a meme-stock icon. But investors may want to hold the applause based on his spotty record of making money for them.</p><p>Cohen, who helped spark a more than 2,000% surge in the video-game seller’s shares in early 2021, was named the firm’s chief executive officer on Thursday. He takes his post just as the movie Dumb Money, based on the GameStop trading frenzy that burned hedge funds and enriched small investors at the time, hits theaters nationwide.</p><p>The company’s shares are now 80% below their January 2021 peak. And Wall Street is skeptical that Cohen will be able to engineer a turnaround, regardless of the retail crowd’s euphoria and forgiveness of the poor performance of other companies in which he’s taken large stakes.</p><p>“Cohen’s appointment ensures GameStop’s demise,” Wedbush’s Michael Pachter, one of three analysts tracking the stock, said Thursday.</p><p>Cohen’s Targets</p><p>Retailers Bed Bath &amp; Beyond Inc. and Nordstrom Inc. have also delivered losses to the individuals who bought and held after reports Cohen had taken a stake. And Alibaba Group Holding Ltd.’s stock has slumped since the January report that Cohen had built a holding.</p><p>In a memo to employees Thursday, Cohen emphasized GameStop’s need to be profitable and said “extreme frugality” is needed, CNBC reported.</p><p>“I’m not getting paid, so I’m either going down with the ship or turning the company around. I much prefer the latter,” he said in the memo, according to CNBC.</p><p>Representatives for Cohen and GameStop didn’t respond to emails and phone calls seeking comment.</p><p>He became an idol to individual investors after gaining a seat on GameStop’s board in January 2021 as shares skyrocketed. His appeal was cemented by his tweets hitting back at critics, as investors flocked to create memes praising the Chewy founder, who made an initial fortune selling the pet supply retailer to PetSmart in 2017.</p><p>Cohen’s push to re-shape GameStop in the mold of Amazon.com Inc. hasn’t worked out as planned. The company has gone through four CEOs in less than six years. Cohen’s investment firm, RC Ventures, has been among the largest shareholders since 2020. </p><p>While investors who bought in August 2020 when he disclosed his first stake are up some 1,100%, the firm has shed $19 billion in value from a 2021 peak with earnings stagnating.</p><p>Bed Bath</p><p>Bed Bath &amp; Beyond took the meme-stock baton in 2022, surging after Cohen disclosed an investment. He then appointed three board members, triggering another leg up in the shares.</p><p>Analysts downplayed his push to sell the company’s Buybuy Baby division at a lofty valuation at the time. However, retail traders jumped at the chance to get in on what seemed ripe to be the next meme stock.</p><p>Instead, the stock’s 86% intraday surge in March 2022 soon evaporated, and Cohen dumped his shares and options in August 2022, pocketing $68.1 million in profit. In April 2023, the company filed for bankruptcy despite efforts to keep operating, wiping out the value for investors.</p><p>Alibaba, Nordstrom</p><p>This year, reports circulated that Cohen had taken a stake in Alibaba with plans to make a rare activist investment in a Chinese company. Since the report on the position in mid-January, the ADRs that track the e-commerce giant have slumped 26%. It’s unclear if Cohen has outperformed his followers given Bloomberg News reported he built the stake in the second half of last year.</p><p>Just weeks after news of the Alibaba holding circulated, Cohen pushed to shake up another retailer, Nordstrom. </p><p>However, Bloomberg News reported in April that he withdrew plans to nominate candidates for the firm’s board. Any retail traders who bought on news of Cohen’s stake and held on would have lost roughly a third of their money.</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>Ryan Cohen’s GameStop Gambit Raises Specter of His Spotty Record</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\">\nRyan Cohen’s GameStop Gambit Raises Specter of His Spotty Record\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-10-01 08:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/ryan-cohen-gamestop-gambit-raises-150000108.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Billionaire Ryan Cohen’s appointment to lead GameStop Corp. drew cheers across the social-media platforms that made him a meme-stock icon. But investors may want to hold the applause based on his ...</p>\n\n<a href=\"https://finance.yahoo.com/news/ryan-cohen-gamestop-gambit-raises-150000108.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"89988":"阿里巴巴-WR","09988":"阿里巴巴-W","GME":"游戏驿站","BBBY":"3B家居","BABA":"阿里巴巴","JWN":"诺德斯特龙","BBBYQ":"3B家居"},"source_url":"https://finance.yahoo.com/news/ryan-cohen-gamestop-gambit-raises-150000108.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2371271010","content_text":"Billionaire Ryan Cohen’s appointment to lead GameStop Corp. drew cheers across the social-media platforms that made him a meme-stock icon. But investors may want to hold the applause based on his spotty record of making money for them.Cohen, who helped spark a more than 2,000% surge in the video-game seller’s shares in early 2021, was named the firm’s chief executive officer on Thursday. He takes his post just as the movie Dumb Money, based on the GameStop trading frenzy that burned hedge funds and enriched small investors at the time, hits theaters nationwide.The company’s shares are now 80% below their January 2021 peak. And Wall Street is skeptical that Cohen will be able to engineer a turnaround, regardless of the retail crowd’s euphoria and forgiveness of the poor performance of other companies in which he’s taken large stakes.“Cohen’s appointment ensures GameStop’s demise,” Wedbush’s Michael Pachter, one of three analysts tracking the stock, said Thursday.Cohen’s TargetsRetailers Bed Bath & Beyond Inc. and Nordstrom Inc. have also delivered losses to the individuals who bought and held after reports Cohen had taken a stake. And Alibaba Group Holding Ltd.’s stock has slumped since the January report that Cohen had built a holding.In a memo to employees Thursday, Cohen emphasized GameStop’s need to be profitable and said “extreme frugality” is needed, CNBC reported.“I’m not getting paid, so I’m either going down with the ship or turning the company around. I much prefer the latter,” he said in the memo, according to CNBC.Representatives for Cohen and GameStop didn’t respond to emails and phone calls seeking comment.He became an idol to individual investors after gaining a seat on GameStop’s board in January 2021 as shares skyrocketed. His appeal was cemented by his tweets hitting back at critics, as investors flocked to create memes praising the Chewy founder, who made an initial fortune selling the pet supply retailer to PetSmart in 2017.Cohen’s push to re-shape GameStop in the mold of Amazon.com Inc. hasn’t worked out as planned. The company has gone through four CEOs in less than six years. Cohen’s investment firm, RC Ventures, has been among the largest shareholders since 2020. While investors who bought in August 2020 when he disclosed his first stake are up some 1,100%, the firm has shed $19 billion in value from a 2021 peak with earnings stagnating.Bed BathBed Bath & Beyond took the meme-stock baton in 2022, surging after Cohen disclosed an investment. He then appointed three board members, triggering another leg up in the shares.Analysts downplayed his push to sell the company’s Buybuy Baby division at a lofty valuation at the time. However, retail traders jumped at the chance to get in on what seemed ripe to be the next meme stock.Instead, the stock’s 86% intraday surge in March 2022 soon evaporated, and Cohen dumped his shares and options in August 2022, pocketing $68.1 million in profit. In April 2023, the company filed for bankruptcy despite efforts to keep operating, wiping out the value for investors.Alibaba, NordstromThis year, reports circulated that Cohen had taken a stake in Alibaba with plans to make a rare activist investment in a Chinese company. Since the report on the position in mid-January, the ADRs that track the e-commerce giant have slumped 26%. It’s unclear if Cohen has outperformed his followers given Bloomberg News reported he built the stake in the second half of last year.Just weeks after news of the Alibaba holding circulated, Cohen pushed to shake up another retailer, Nordstrom. However, Bloomberg News reported in April that he withdrew plans to nominate candidates for the firm’s board. Any retail traders who bought on news of Cohen’s stake and held on would have lost roughly a third of their money.","news_type":1},"isVote":1,"tweetType":1,"viewCount":235,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":224794142756880,"gmtCreate":1695959706171,"gmtModify":1695961717615,"author":{"id":"4152496098951332","authorId":"4152496098951332","authorIdStr":"4152496098951332","name":"NealRiggers","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4152496098951332"},"themes":[],"htmlText":"Whoever wrote this article clearly has no idea what they're talking about hahah! It's an embarrassment to even publish such articles. Whoever i short GME is coming out strong after the movie Dumb Money is expected to raise people's interest in the stock again.&nbsp;","listText":"Whoever wrote this article clearly has no idea what they're talking about hahah! It's an embarrassment to even publish such articles. Whoever i short GME is coming out strong after the movie Dumb Money is expected to raise people's interest in the stock again.&nbsp;","text":"Whoever wrote this article clearly has no idea what they're talking about hahah! It's an embarrassment to even publish such articles. Whoever i short GME is coming out strong after the movie Dumb Money is expected to raise people's interest in the stock again.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/224794142756880","repostId":"2371220700","repostType":2,"repost":{"id":"2371220700","pubTimestamp":1695957000,"share":"https://ttm.financial/m/news/2371220700?lang=&edition=fundamental","pubTime":"2023-09-29 11:10","market":"us","language":"en","title":"GameStop's Demise Assured With New CEO, Wedbush Says; Cohen Calls for \"Extreme Frugality\"","url":"https://stock-news.laohu8.com/highlight/detail?id=2371220700","media":"Seeking Alpha","summary":"GameStop (NYSE:GME) will continue its path to oblivion with its new and unimpressive leadership, Wedbush said.Shares dropped 1.8% on Thursday afternoon.The video game retailer announced the appointmen","content":"<html><head></head><body><p>GameStop (NYSE:GME) will continue its path to oblivion with its new and unimpressive leadership, Wedbush said.</p><p>Shares dropped 1.8% on Thursday afternoon.</p><p>The video game retailer announced the appointment of Chair Ryan Cohen on Thursday as chief executive officer after Matthew Furlong was terminated in June. Cohen, who will not receive compensation for the job, founded Chewy (CHWY).</p><p>&#34;The appointment of the controlling shareholder reflects the difficulty GameStop has had in attracting competent executives,&#34; analysts Michael Pachter and Nick McKay wrote in a September 28 note.</p><p>Cohen was elected to the position by the board of directors, which consist mainly of colleagues from CHWY, &#34;suggesting that his appointment was more of a coronation by his believers.&#34;</p><p>GameStop (GME) shares have been subject to the trend of meme stocks, surging and dropping dramatically as investors react to social media. The company&#39;s revenue has been shrinking as video games move online without the requirement of physical consoles and game cartridges.</p><p>Shares are down 38% over the past 12 months.</p><p>Wedbush noted that executives at GME have not stuck around long and &#34;We are unaware of any recruiting activity, and can only surmise that the company could not convince any competent replacements to jump onto the sinking ship. The lack of clear direction and the callous termination of Mr. Furlong all but ensures that Mr. Cohen will have difficulty in surrounding himself with competent colleagues going forward.&#34;</p><p>The firm also said GME&#39;s initiatives have failed &#34;spectacularly,&#34; including an effort to &#34;be like Amazon” and the recruitment of since departed Amazon.com (AMZN) executives. The company has also &#34;made no progress whatsoever in growing sales.&#34;</p><h2 id=\"id_903167491\">Welcome to oblivion</h2><p>&#34;With no experienced retail executives to advise him, we suspect that GameStop will continue its path to oblivion,&#34; the analysts said. &#34;We remain convinced that GameStop is doomed, as declining physical software sales and a shift of sales to subscriptions and digital downloads seal its fate.&#34;</p><p>The Wedbush analysts have an Underperform on the stock, which has little other Wall Street coverage.</p><p>&#34;Mr. Cohen has no significant experience managing a physical retailer, and we are skeptical that he was GameStop’s first choice for its CEO. With no path to a turnaround and the inevitable migration of physical software sales to digital downloads, we think Mr. Cohen’s appointment ensures GameStop’s demise.&#34;</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>GameStop's Demise Assured With New CEO, Wedbush Says; Cohen Calls for \"Extreme Frugality\"</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\">\nGameStop's Demise Assured With New CEO, Wedbush Says; Cohen Calls for \"Extreme Frugality\"\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-09-29 11:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4016429-gamestops-demise-assured-new-ceo-wedbush><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>GameStop (NYSE:GME) will continue its path to oblivion with its new and unimpressive leadership, Wedbush said.Shares dropped 1.8% on Thursday afternoon.The video game retailer announced the ...</p>\n\n<a href=\"https://seekingalpha.com/news/4016429-gamestops-demise-assured-new-ceo-wedbush\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","LU0011850046.USD":"贝莱德全球长线股票 A2 USD","LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","BK4507":"流媒体概念","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","LU0097036916.USD":"贝莱德美国增长A2 USD","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","BK4566":"资本集团","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU0276348264.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN\"AUP\" (USD) INC","BK4524":"宅经济概念","LU0149725797.USD":"汇丰美国股市经济规模基金","BK4577":"网络游戏","BK4527":"明星科技股","BK4559":"巴菲特持仓","BK4579":"人工智能","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","BK4550":"红杉资本持仓","GME":"游戏驿站","LU0211328371.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (MDIS) (USD)   INC","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","BK4503":"景林资产持仓","BK4076":"电脑与电子产品零售","BK4588":"碎股","BK4122":"互联网与直销零售","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","LU0289941410.SGD":"AB FCP I Dynamic Diversified AX SGD","BK4551":"寇图资本持仓","BK4561":"索罗斯持仓","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU0238689110.USD":"贝莱德环球动力股票基金","BK4581":"高盛持仓","LU0456855351.SGD":"JPMorgan Funds - Global Equity A (acc) SGD","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","BK4200":"专卖店","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","BK4585":"ETF&股票定投概念","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0109392836.USD":"富兰克林科技股A","BK4592":"伊斯兰概念"},"source_url":"https://seekingalpha.com/news/4016429-gamestops-demise-assured-new-ceo-wedbush","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2371220700","content_text":"GameStop (NYSE:GME) will continue its path to oblivion with its new and unimpressive leadership, Wedbush said.Shares dropped 1.8% on Thursday afternoon.The video game retailer announced the appointment of Chair Ryan Cohen on Thursday as chief executive officer after Matthew Furlong was terminated in June. Cohen, who will not receive compensation for the job, founded Chewy (CHWY).\"The appointment of the controlling shareholder reflects the difficulty GameStop has had in attracting competent executives,\" analysts Michael Pachter and Nick McKay wrote in a September 28 note.Cohen was elected to the position by the board of directors, which consist mainly of colleagues from CHWY, \"suggesting that his appointment was more of a coronation by his believers.\"GameStop (GME) shares have been subject to the trend of meme stocks, surging and dropping dramatically as investors react to social media. The company's revenue has been shrinking as video games move online without the requirement of physical consoles and game cartridges.Shares are down 38% over the past 12 months.Wedbush noted that executives at GME have not stuck around long and \"We are unaware of any recruiting activity, and can only surmise that the company could not convince any competent replacements to jump onto the sinking ship. The lack of clear direction and the callous termination of Mr. Furlong all but ensures that Mr. Cohen will have difficulty in surrounding himself with competent colleagues going forward.\"The firm also said GME's initiatives have failed \"spectacularly,\" including an effort to \"be like Amazon” and the recruitment of since departed Amazon.com (AMZN) executives. The company has also \"made no progress whatsoever in growing sales.\"Welcome to oblivion\"With no experienced retail executives to advise him, we suspect that GameStop will continue its path to oblivion,\" the analysts said. \"We remain convinced that GameStop is doomed, as declining physical software sales and a shift of sales to subscriptions and digital downloads seal its fate.\"The Wedbush analysts have an Underperform on the stock, which has little other Wall Street coverage.\"Mr. Cohen has no significant experience managing a physical retailer, and we are skeptical that he was GameStop’s first choice for its CEO. With no path to a turnaround and the inevitable migration of physical software sales to digital downloads, we think Mr. Cohen’s appointment ensures GameStop’s demise.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":65,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":222185421865072,"gmtCreate":1695271785794,"gmtModify":1695271949257,"author":{"id":"4152496098951332","authorId":"4152496098951332","authorIdStr":"4152496098951332","name":"NealRiggers","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4152496098951332"},"themes":[],"htmlText":"I have $1000 to invest but I choose $SOFI and $PLTR for long term.&nbsp;","listText":"I have $1000 to invest but I choose $SOFI and $PLTR for long term.&nbsp;","text":"I have $1000 to invest but I choose $SOFI and $PLTR for long term.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/222185421865072","repostId":"2368818711","repostType":2,"repost":{"id":"2368818711","pubTimestamp":1695254403,"share":"https://ttm.financial/m/news/2368818711?lang=&edition=fundamental","pubTime":"2023-09-21 08:00","market":"us","language":"en","title":"Got $1,000? 2 Stocks to Buy Now While They're on Sale.","url":"https://stock-news.laohu8.com/highlight/detail?id=2368818711","media":"Motley Fool","summary":"Two standout stocks are flying under the radar, ready for a rebound. Find out why they're on sale right now, and why the discounts can't last.","content":"<html><head></head><body><p>The last two years have been turbulent on Wall Street. The inflation crisis left many business sectors disrupted, and the release of ChatGPT started an artificial intelligence (AI) boom in the middle of that unstable situation. Yesteryear&#39;s market darlings and blue chips are down. A new batch of favorites have taken their place. Everything you thought you knew about the stock market suddenly looks obsolete.</p><p>But some things never change. The best way to make money in stock investments is by finding great companies whose stocks are undervalued. Buy low and sell high (or hold forever, watching your wealth build over time). And it&#39;s easy to find incredible stocks at a deep discount right now.</p><p>Read on to see how media giant <strong>Walt Disney</strong> and freelance services specialist <strong>Fiverr International</strong> fit the bill. If you have $1,000 of investable cash to spare, these two stocks look like great long-term investments today. Diversify with both, or champion just one -- either way, Fiverr and Disney are priced to please.</p><h2 id=\"id_2736112815\">The House of Mouse never looked so affordable</h2><p>I&#39;ll be the first to admit that Walt Disney is facing some serious challenges.</p><ul style=\"\"><li><p>Aging media outlets such as the ABC broadcast network and the ESPN sports channel aren&#39;t the cash cows they used to be, and Disney is reportedly seeking buyers for some of these assets. Rumor has it that the company has discussed both complete and partial sales, though no firm deals are on the table yet.</p></li><li><p>The TV issues stretch all the way to India. The market-leading Star network doesn&#39;t look so dominant anymore after losing the broadcast rights to Indian Premier League cricket.</p></li><li><p>The loss of cricket rights also undermined the Disney+ Hotstar streaming service. In the recently reported fiscal third quarter, 12.5 million Hotstar customers signed off, largely due to the lack of professional cricket. As a result, the total number of video-streaming clients fell by 11.7 million names, or 5%.</p></li></ul><p>So I understand if some investors are feeling queasy about Disney&#39;s future prospects. The TV business is crumbling and the digital streaming alternative hasn&#39;t picked up the slack. Put that Disney share down and back away slowly!</p><p>Many Disney investors have done exactly that. The stock is trading 58% below the all-time high of early 2021. The price also sits just 6% above a multiyear low of $79.75. That low-water mark is only a week old.</p><p>And that brutal price drop went more than a few steps too far. Disney&#39;s stock is dramatically undervalued nowadays.</p><p>First, I wouldn&#39;t mind Disney modernizing its portfolio of products and services. Linear TV subscribers (cable, satellite, broadcast) are going all-digital at an alarming rate and the cord-cutting trend isn&#39;t going away. Finding buyers for legacy services like ESPN and ABC would accelerate Disney&#39;s quantum leap into cyberspace.</p><p>Second, it&#39;s no fun to lose more than 10 million streaming subscribers in one of the world&#39;s largest economies. However, Disney+ Hotstar is also the company&#39;s least lucrative streaming platform. Domestic Disney+ subscribers pay an average subscription fee of $7.31 per month. The average monthly fee for the Hotstar version is $0.59. If you have to lose lots of subscribers somewhere, this particular market doesn&#39;t hurt too much.</p><p>And other streaming services are holding their own with flat or rising subscriber counts in the third quarter. And don&#39;t forget about the Disney parks, experiences, and products division, whose third-quarter sales increased by 13% year over year. Ticket sales are booming at the international parks and cruise ships.</p><p>Disney&#39;s stock is trading within a stone&#39;s throw of price levels last seen in the fall of 2014. Over the same time span, trailing revenue is up by 80% and the company&#39;s central strategy is evolving as we speak. CEO Bob Iger had to patch a plethora of mistakes made during ex-CEO Bob Chapek&#39;s reign, and these things take time.</p><p>So I recommend buying Disney stock hand over fist while the low share prices last. You won&#39;t find Mickey Mouse in Wall Street&#39;s bargain bin very often.</p><h2 id=\"id_3607121804\">Fiverr: More than meets the eye</h2><p>Freelance services wrangler Fiverr is perhaps the most misunderstood company I know. First, Fiverr bears expected the business to wither at the end of coronavirus lockdowns. Then, they expected generative AI tools to make human freelancers in creative endeavors obsolete. The first end-of-the-world prediction was demonstrably wrong, and I think Fiverr will benefit from generative AI systems in the long run.</p><p>It&#39;s true that Fiverr&#39;s top-line growth has slowed down in recent quarters. That&#39;s a really common story, though. Let&#39;s have a look at Fiverr&#39;s revenue growth over the last three years, in comparison with two closely related businesses:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e8eda5c74119569488f37c573dfb82f2\" tg-width=\"720\" tg-height=\"387\"/></p><p>FVRR Revenue (TTM) data by YCharts</p><p>Advertising expert <strong>PubMatic </strong>and online game platform provider <strong>Roblox</strong> cross paths with Fiverr quite often. Thousands of freelancers are ready to provide digital art, solve programming issues, or even design entire Roblox games for a reasonable fee. Likewise, targeted ad campaigns and the digital assets that make them work are widely available on the Fiverr market. So it makes sense that these three companies showed similar top-line responses to the global inflation crisis. An economic crunch is not the best time to invest big money in ambitious ad campaigns or launch potentially moneymaking games -- there&#39;s not enough end-market interest to make it work.</p><p>The inflation-based downturn won&#39;t last forever, though. Purse strings will loosen when the inflation monster is put to bed, letting companies like Fiverr get back to high-octane revenue growth. And don&#39;t forget that this company already generates generous cash profits. Fiverr&#39;s free cash flow added up to $46 million over the last four quarters, which is a generous 13.5% of total sales over the same span. These cash profits should soar in a more normal business environment.</p><p>As for the generative AI threat, let me just point out that creative AI processes still require a lot of human input. Sure, ChatGPT is capable of writing some decent text and DALL-E 2 can generate stunning images -- but only with the right input prompts and a human selecting the best bits from the AI-generated output. That&#39;s still a game-changing dose of human influence.</p><p>Thus, Fiverr provides a vibrant marketplace for freelancing AI experts. The company takes this opportunity seriously, and I expect AI-managing services to contribute significant sales in the long run.</p><p>Yet, Fiverr&#39;s stock price has fallen more than 90% from the lofty peak of early 2021. Thanks to the perceived AI challenge, the plunge includes a 24% price drop over the last year.</p><p>So we are looking at a perfectly healthy business with tremendous long-term growth prospects, just champing at the bit until the economy can drive rising interest in its digital freelancer services. Meanwhile, Fiverr&#39;s stock trades at just 12.6 times forward earnings projections and 3 times trailing sales. It&#39;s a high-growth wolf in fire-sale sheep&#39;s clothing.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Got $1,000? 2 Stocks to Buy Now While They're on Sale.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGot $1,000? 2 Stocks to Buy Now While They're on Sale.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-09-21 08:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2023/09/19/got-1000-2-stocks-to-buy-now-while-theyre-on-sale/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The last two years have been turbulent on Wall Street. The inflation crisis left many business sectors disrupted, and the release of ChatGPT started an artificial intelligence (AI) boom in the middle ...</p>\n\n<a href=\"https://www.fool.com/investing/2023/09/19/got-1000-2-stocks-to-buy-now-while-theyre-on-sale/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DIS":"迪士尼","FVRR":"Fiverr International Ltd."},"source_url":"https://www.fool.com/investing/2023/09/19/got-1000-2-stocks-to-buy-now-while-theyre-on-sale/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2368818711","content_text":"The last two years have been turbulent on Wall Street. The inflation crisis left many business sectors disrupted, and the release of ChatGPT started an artificial intelligence (AI) boom in the middle of that unstable situation. Yesteryear's market darlings and blue chips are down. A new batch of favorites have taken their place. Everything you thought you knew about the stock market suddenly looks obsolete.But some things never change. The best way to make money in stock investments is by finding great companies whose stocks are undervalued. Buy low and sell high (or hold forever, watching your wealth build over time). And it's easy to find incredible stocks at a deep discount right now.Read on to see how media giant Walt Disney and freelance services specialist Fiverr International fit the bill. If you have $1,000 of investable cash to spare, these two stocks look like great long-term investments today. Diversify with both, or champion just one -- either way, Fiverr and Disney are priced to please.The House of Mouse never looked so affordableI'll be the first to admit that Walt Disney is facing some serious challenges.Aging media outlets such as the ABC broadcast network and the ESPN sports channel aren't the cash cows they used to be, and Disney is reportedly seeking buyers for some of these assets. Rumor has it that the company has discussed both complete and partial sales, though no firm deals are on the table yet.The TV issues stretch all the way to India. The market-leading Star network doesn't look so dominant anymore after losing the broadcast rights to Indian Premier League cricket.The loss of cricket rights also undermined the Disney+ Hotstar streaming service. In the recently reported fiscal third quarter, 12.5 million Hotstar customers signed off, largely due to the lack of professional cricket. As a result, the total number of video-streaming clients fell by 11.7 million names, or 5%.So I understand if some investors are feeling queasy about Disney's future prospects. The TV business is crumbling and the digital streaming alternative hasn't picked up the slack. Put that Disney share down and back away slowly!Many Disney investors have done exactly that. The stock is trading 58% below the all-time high of early 2021. The price also sits just 6% above a multiyear low of $79.75. That low-water mark is only a week old.And that brutal price drop went more than a few steps too far. Disney's stock is dramatically undervalued nowadays.First, I wouldn't mind Disney modernizing its portfolio of products and services. Linear TV subscribers (cable, satellite, broadcast) are going all-digital at an alarming rate and the cord-cutting trend isn't going away. Finding buyers for legacy services like ESPN and ABC would accelerate Disney's quantum leap into cyberspace.Second, it's no fun to lose more than 10 million streaming subscribers in one of the world's largest economies. However, Disney+ Hotstar is also the company's least lucrative streaming platform. Domestic Disney+ subscribers pay an average subscription fee of $7.31 per month. The average monthly fee for the Hotstar version is $0.59. If you have to lose lots of subscribers somewhere, this particular market doesn't hurt too much.And other streaming services are holding their own with flat or rising subscriber counts in the third quarter. And don't forget about the Disney parks, experiences, and products division, whose third-quarter sales increased by 13% year over year. Ticket sales are booming at the international parks and cruise ships.Disney's stock is trading within a stone's throw of price levels last seen in the fall of 2014. Over the same time span, trailing revenue is up by 80% and the company's central strategy is evolving as we speak. CEO Bob Iger had to patch a plethora of mistakes made during ex-CEO Bob Chapek's reign, and these things take time.So I recommend buying Disney stock hand over fist while the low share prices last. You won't find Mickey Mouse in Wall Street's bargain bin very often.Fiverr: More than meets the eyeFreelance services wrangler Fiverr is perhaps the most misunderstood company I know. First, Fiverr bears expected the business to wither at the end of coronavirus lockdowns. Then, they expected generative AI tools to make human freelancers in creative endeavors obsolete. The first end-of-the-world prediction was demonstrably wrong, and I think Fiverr will benefit from generative AI systems in the long run.It's true that Fiverr's top-line growth has slowed down in recent quarters. That's a really common story, though. Let's have a look at Fiverr's revenue growth over the last three years, in comparison with two closely related businesses:FVRR Revenue (TTM) data by YChartsAdvertising expert PubMatic and online game platform provider Roblox cross paths with Fiverr quite often. Thousands of freelancers are ready to provide digital art, solve programming issues, or even design entire Roblox games for a reasonable fee. Likewise, targeted ad campaigns and the digital assets that make them work are widely available on the Fiverr market. So it makes sense that these three companies showed similar top-line responses to the global inflation crisis. An economic crunch is not the best time to invest big money in ambitious ad campaigns or launch potentially moneymaking games -- there's not enough end-market interest to make it work.The inflation-based downturn won't last forever, though. Purse strings will loosen when the inflation monster is put to bed, letting companies like Fiverr get back to high-octane revenue growth. And don't forget that this company already generates generous cash profits. Fiverr's free cash flow added up to $46 million over the last four quarters, which is a generous 13.5% of total sales over the same span. These cash profits should soar in a more normal business environment.As for the generative AI threat, let me just point out that creative AI processes still require a lot of human input. Sure, ChatGPT is capable of writing some decent text and DALL-E 2 can generate stunning images -- but only with the right input prompts and a human selecting the best bits from the AI-generated output. That's still a game-changing dose of human influence.Thus, Fiverr provides a vibrant marketplace for freelancing AI experts. The company takes this opportunity seriously, and I expect AI-managing services to contribute significant sales in the long run.Yet, Fiverr's stock price has fallen more than 90% from the lofty peak of early 2021. Thanks to the perceived AI challenge, the plunge includes a 24% price drop over the last year.So we are looking at a perfectly healthy business with tremendous long-term growth prospects, just champing at the bit until the economy can drive rising interest in its digital freelancer services. Meanwhile, Fiverr's stock trades at just 12.6 times forward earnings projections and 3 times trailing sales. It's a high-growth wolf in fire-sale sheep's clothing.","news_type":1},"isVote":1,"tweetType":1,"viewCount":133,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":221745887113312,"gmtCreate":1695173848495,"gmtModify":1695174223212,"author":{"id":"4152496098951332","authorId":"4152496098951332","authorIdStr":"4152496098951332","name":"NealRiggers","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4152496098951332"},"themes":[],"htmlText":"Bullish&nbsp;","listText":"Bullish&nbsp;","text":"Bullish","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/221745887113312","repostId":"2368134466","repostType":2,"repost":{"id":"2368134466","pubTimestamp":1695173635,"share":"https://ttm.financial/m/news/2368134466?lang=&edition=fundamental","pubTime":"2023-09-20 09:33","market":"us","language":"en","title":"Nio Crashed Over 12% in Hong Kong and Singapore Markets After Raising $1 Billion in Convertible Bond Deal","url":"https://stock-news.laohu8.com/highlight/detail?id=2368134466","media":"StreetInsider","summary":"Nio Inc said on Wednesday it had raised $1 billion in a two-tranche convertible bond from which it intends to use the proceeds to pay down debt and strengthen its balance sheet.The company raised $500","content":"<html><head></head><body><p>Nio Inc said on Wednesday it had raised $1 billion in a two-tranche convertible bond from which it intends to use the proceeds to pay down debt and strengthen its balance sheet.</p><p>The company raised $500 million in a six-year put-four convertible bond and the same amount in a seven-year put-five bond.</p><p>The bonds will be senior, unsecured notes. The shorter dated bond has a 3.875% interest rate, while the seven year bond&#39;s rate is 4.625%, Nio said in a Hong Kong Stock Exchange announcement.</p><p>&#34;The company plans to use a portion of the net proceeds from the notes offering to repurchase a portion of the existing debt securities ... and the remainder mainly to further strengthen its balance sheet position as well as for general corporate purposes,&#34; the company said.</p><p>Nio said in late August it planned to launch its first self-development mobile telephone later this month to improve the appeal of its cars with better software and connectivity.</p><p>Nio posted a net loss of 6.12 billion yuan ($839.51 million) in the second quarter, versus a loss of 2.75 billion yuan in the corresponding period a year ago.</p><p>It crashed over 12% in Hong Kong and Singapore markets on Wednesday. Its shares in US markets tumbled 17.07% during the trading hours but rebounded 1.75% in extended trading on Tuesday</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b21abcb85c92e632b064a06659e0d2b7\" title=\"\" tg-width=\"603\" tg-height=\"612\"/></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7a08af6888856d4e9e6adea6e95dc8ae\" title=\"\" tg-width=\"607\" tg-height=\"608\"/></p></body></html>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nio Crashed Over 12% in Hong Kong and Singapore Markets After Raising $1 Billion in Convertible Bond Deal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNio Crashed Over 12% in Hong Kong and Singapore Markets After Raising $1 Billion in Convertible Bond Deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-09-20 09:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=22178848><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nio Inc said on Wednesday it had raised $1 billion in a two-tranche convertible bond from which it intends to use the proceeds to pay down debt and strengthen its balance sheet.The company raised $500...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=22178848\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09866":"蔚来-SW","NIO":"蔚来","NIO.SI":"蔚来"},"source_url":"https://www.streetinsider.com/dr/news.php?id=22178848","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2368134466","content_text":"Nio Inc said on Wednesday it had raised $1 billion in a two-tranche convertible bond from which it intends to use the proceeds to pay down debt and strengthen its balance sheet.The company raised $500 million in a six-year put-four convertible bond and the same amount in a seven-year put-five bond.The bonds will be senior, unsecured notes. The shorter dated bond has a 3.875% interest rate, while the seven year bond's rate is 4.625%, Nio said in a Hong Kong Stock Exchange announcement.\"The company plans to use a portion of the net proceeds from the notes offering to repurchase a portion of the existing debt securities ... and the remainder mainly to further strengthen its balance sheet position as well as for general corporate purposes,\" the company said.Nio said in late August it planned to launch its first self-development mobile telephone later this month to improve the appeal of its cars with better software and connectivity.Nio posted a net loss of 6.12 billion yuan ($839.51 million) in the second quarter, versus a loss of 2.75 billion yuan in the corresponding period a year ago.It crashed over 12% in Hong Kong and Singapore markets on Wednesday. Its shares in US markets tumbled 17.07% during the trading hours but rebounded 1.75% in extended trading on Tuesday","news_type":1},"isVote":1,"tweetType":1,"viewCount":209,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":215031844274336,"gmtCreate":1693535029112,"gmtModify":1693536409501,"author":{"id":"4152496098951332","authorId":"4152496098951332","authorIdStr":"4152496098951332","name":"NealRiggers","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4152496098951332"},"themes":[],"htmlText":"Sofi is an undervalued stock. Clear winner in Fintec space for 2023.","listText":"Sofi is an undervalued stock. Clear winner in Fintec space for 2023.","text":"Sofi is an undervalued stock. Clear winner in Fintec space for 2023.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/215031844274336","repostId":"2364173542","repostType":2,"repost":{"id":"2364173542","pubTimestamp":1693534437,"share":"https://ttm.financial/m/news/2364173542?lang=&edition=fundamental","pubTime":"2023-09-01 10:13","market":"us","language":"en","title":"SoFi Is Digging A Wider Moat","url":"https://stock-news.laohu8.com/highlight/detail?id=2364173542","media":"Seeking Alpha","summary":"Are they carving out a defensible niche and creating differentiated products that lead to better outcomes?Is there an inherent network effect being created or a superior brand being built?","content":"<html><head></head><body><ul style=\"\"><li><p>SoFi&#39;s moat is expanding as they execute their all-in-one financial app strategy and differentiate themselves from competitors.</p></li><li><p>SoFi is experiencing strong deposit and member growth at decreasing customer acquisition costs.</p></li><li><p>SoFi&#39;s lending moat is expanding through superior availability of funding, choosing resilient borrowers, and better underwriting, resulting in consistent and sustainable growth.</p></li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2df8ff0e277f177c1125a30a75793fa1\" alt=\"tamara_kulikova\" title=\"tamara_kulikova\" tg-width=\"750\" tg-height=\"507\"/><span>tamara_kulikova</span></p><p>A common refrain I still hear from people who do not think SoFi (NASDAQ:SOFI) is a good investment is that there is significant competition and that SoFi does not have a moat. If a business doesn&#39;t have a moat, it means there are low barriers to entry, anybody can just copy the business, and it is impossible to build a business that outperforms competitors. I previously discussed both SoFi&#39;s consumer-facing moat as well as their technology moat. After their strong 2Q23 results, it is an excellent time to revisit this discussion.</p><p>With the rare exception of heavy patent protection, a moat takes time to dig and fill with water. Moats aren&#39;t just bestowed by the investing gods, they are built through exceptional execution. What determines whether SoFi will be &#34;just a bank&#34; or the &#34;winner take most in the fintech space&#34; is their execution.</p><p>This leads to one of the core tenants of my examination of a company&#39;s moat. While the size of the moat is very important, sometimes what is more important is whether the moat is expanding or contracting. Is the business executing in such a way that their competitive advantages are expanding relative to their peers? Are they carving out a defensible niche and creating differentiated products that lead to better outcomes? Is there an inherent network effect being created or a superior brand being built? Those are hard questions to answer directly, but the results invariably show up in the numbers.</p><p>SoFi CEO Anthony Noto is fond of saying that when he joined in 2018 that everyone was talking about being an all-in-one financial app, but that SoFi is the only company who has actually done it. However, up to this point, SoFi&#39;s moat has been mostly theoretical. They say a one-stop shop should allow for a better experience and cross selling. They argue that it will increase user engagement and drive greater lifetime value from their members. Essentially, it should make SoFi&#39;s results differentiated from their competitors. The data are showing that to be the case. The moat is expanding.</p><h2 id=\"id_1069397527\">Financial Services Outperformance</h2><h3 id=\"id_4229188794\">Deposits</h3><p>SoFi has a focus on getting new members to move their direct deposit to SoFi. That is because the bank where you send your direct deposit is almost always your primary bank, and your primary bank is where you keep most of your money. Here is what was said on the earnings call about deposit growth:</p><blockquote><p>From a balance sheet perspective, our unique value proposition in SoFi continues to fuel high-quality deposits, that increased by $2.7 billion sequentially and we ended the quarter with nearly $12.7 billion in deposits. Importantly, more than 90% of our consumer deposits are from sticky direct deposit members, and nearly 98% of our deposits are insured.</p></blockquote><p>Big deal, SoFi is getting a lot of deposits because it&#39;s offering a high APY on their savings account (4.5% at the time of writing), right? Ally (ALLY) currently gives 4.25%, <a href=\"https://laohu8.com/S/LC\">LendingClub</a> (LC) clocks in at 4.5%, Discover (DFS) is at 4.3%. SoFi and LendingClub are equal now, but LendingClub actually had higher APY than SoFi for the entirety of 2Q23. If it all came down to APY, LendingClub should have been the biggest winner, and all the others should have also seen significant deposit growth. Credit to Vadim Kotlarov for this graphic.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f2803541c21851da89262a319f84d69b\" alt=\"Quarterly deposit growth of large neobanks (Vadim Kotlarov)\" title=\"Quarterly deposit growth of large neobanks (Vadim Kotlarov)\" tg-width=\"1280\" tg-height=\"767\"/><span>Quarterly deposit growth of large neobanks (Vadim Kotlarov)</span></p><p>Every neobank has seen deposit growth over the past year as they&#39;ve been taking customers away from incumbent banks by offering higher APYs than the likes of JPMorgan (JPM), Wells Fargo (WFC), and Citigroup (C). However, peak deposit growth for most neobanks was 4Q22 and they&#39;ve all seen a steep drop in growth thereafter. There is one exception. SoFi&#39;s deposit growth has continued to accelerate. LendingClub even saw deposits shrink in the last quarter despite offering higher rates that SoFi the entire quarter.</p><p>When I see a definitive trend reversal like that across an entire industry with one outlier who bucks that trend, I take note. Especially when on the face of it there is no reason for it. It isn&#39;t like SoFi gave higher APY or even higher signup bonuses during these last two quarters than before. They didn&#39;t increase marketing spend, as we&#39;ll see in a second, they just outperformed the competition because of something innate about the product. This is a testament to the fact that their product is differentiating itself in other, less obvious ways. This is what a moat looks like.</p><h3 id=\"id_3633727029\">Member growth at low customer acquisition cost</h3><p>SoFi is paying less in customer acquisition costs (CAC) than they have in well over a year while simultaneously adding more members than they ever have before. As CEO Anthony Noto&#39;s described it in the earnings call:</p><blockquote><p>And I think this quarter is the first quarter that I can say, I feel really confident the flywheel is working. And what I mean by that is, we&#39;re seeing efficiencies in our customer acquisition cost. And those efficiencies are really more correlated with the unaided brand awareness being increased in addition to the fact that our marketing and product teams are iterating every day through technology and content information analytics to drive those efficiencies. […] It&#39;s the holistic approach that we&#39;ve taken over the last 5.5 years that is really starting to pay off in the quarter and as we look into Q3 as well.</p></blockquote><p>I love that he said that this trend is continuing into Q3 as well. One quarter of lower CAC and high member adds is not definitive proof that they truly have turned a corner. However, the increase in brand awareness they highlighted in the earnings call also provides data that supports this trend. If CAC can stay low as quarterly new members climb, it would be another piece of evidence that the moat is growing.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/96efb1517b570858584a16cc29185e96\" alt=\"SoFi quarterly customer acquisition cost (Author)\" title=\"SoFi quarterly customer acquisition cost (Author)\" tg-width=\"1280\" tg-height=\"751\"/><span>SoFi quarterly customer acquisition cost (Author)</span></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b7b14fcdc483a606a99c11337df8bee5\" alt=\"SoFi quarterly new member growth (Author)\" title=\"SoFi quarterly new member growth (Author)\" tg-width=\"1280\" tg-height=\"668\"/><span>SoFi quarterly new member growth (Author)</span></p><h2 id=\"id_1280508113\">Lending Outperformance</h2><p>Last November I wrote that SoFi was pulling away from LendingClub and Upstart (UPST), the two other fintech companies who operate primarily in the fintech lending space. All three of them, at the moment, rely on personal loans as their main source of revenue and income. They all compete for borrowers and selling loans to the same debt investors. I&#39;ll provide a little more nuance into the different business models below, but I think the performance of these three companies since that article proves my analysis at the time was prescient. The differentiation of SoFi from its competitors is only getting more obvious over time.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f4d341f75258aaa82085e6b9872e1804\" alt=\"Quarterly revenue of SoFi, LendingClub, and Upstart (Author)\" title=\"Quarterly revenue of SoFi, LendingClub, and Upstart (Author)\" tg-width=\"1280\" tg-height=\"762\"/><span>Quarterly revenue of SoFi, LendingClub, and Upstart (Author)</span></p><h3 id=\"id_2980793418\">Macro Backdrop</h3><p>All three of these fintech businesses have to deal with a supply and demand issues on two fronts. On one front, they are offering to lend money to those who want a personal loan. These potential customers may be trying to refinance high variable rate credit card debt into lower fixed rate personal loans, renovating their house, financing solar panels, or any other reason. I&#39;ll refer to this as borrower demand, and it is extremely strong right now. People are looking at their credit card statements, feeling the pain, and seeking to refinance that variable rate debt into a lower fixed rate.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1b6140668228491a15e41a5d74f82c3e\" alt=\"How borrower demand and investor demand affect lenders (Author)\" title=\"How borrower demand and investor demand affect lenders (Author)\" tg-width=\"1121\" tg-height=\"521\"/><span>How borrower demand and investor demand affect lenders (Author)</span></p><p>On the other side of the equation are debt investors. These are banks and asset managers such as hedge funds, sovereign wealth funds, pension funds, etc. These are the entities that buy loans from companies like SoFi, LendingClub, and Upstart. All three of these companies sell loans to these debt investors, and depend on them for liquidity and, to an extent, their revenue and profits. I&#39;ll refer to this as investor demand, and right now it is weak. As a result of the banking crisis, most banks are actively looking to offload assets like personal loans to decrease their risk profiles and increase liquidity. Bank demand for personal loans is very low and in fact they are selling loans. This results in excess supply of assets at the moment. Asset managers are happy to step in, but the increase in supply means that they can be very picky about the pricing and the quality of the loans they are purchasing. The result is that investor demand is very weak right now.</p><h3 id=\"id_110072310\">Business Model Differences</h3><p>I like to give context for my analysis, so let&#39;s briefly review the similarities and differences between SoFi, LendingClub, and Upstart</p><h4 id=\"id_4118649987\">Upstart</h4><p>Upstart&#39;s target market is near prime and subprime candidates whom Upstart believes are higher quality borrowers than their FICO score would indicate. They do not disclose the average FICO score of the loans they fund or refer to their partners. Upstart, for the most part, tries not to hold loans on the balance sheet. They use their machine learning algorithm to determine credit worthiness and approve or deny the loan at a given APR. The majority of their revenue comes from fees they charge up front for finding and approving the loan. They let someone else hold the loan, collect interest, and take the default risk.</p><p>Upstart has two cohorts of buyers of their loans, partner banks and the asset managers mentioned above. Partner banks can use Upstart as the de facto credit check service for their own customers and also can house loans that Upstart approves through its platform. They grew originations like crazy during the zero interest rate policy (ZIRP) days. However, Upstart immediately ran into issues as soon as rates started to increase. Origination growth was only positive 1Q22 because Upstart stepped in and used their balance sheet to fund loans. While they have continued to use their balance sheet, it hasn&#39;t been enough and demand to buy their loans has completely collapsed. Originations plummeted for 4 straight quarters before seeing a slight uptick in 2Q23.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4bf3b2b2c713814547e9a911aebb6a96\" alt=\"Upstart Quarterly Originations (Author)\" title=\"Upstart Quarterly Originations (Author)\" tg-width=\"1280\" tg-height=\"791\"/><span>Upstart Quarterly Originations (Author)</span></p><h4 id=\"id_753734590\">LendingClub</h4><p>LendingClub targets near-prime, prime, and prime plus customers who are serial users of credit. For loans they hold on their own balance sheet, as of 4Q22, the average FICO score was 729 and the average income was $116,000. The entire servicing portfolio, which includes loans they&#39;ve sold to others, had an average FICO of 717 and average income of $113,000 at that same time. They stopped disclosing those numbers in 2023.</p><p>LendingClub also has two cohorts for the loans they originate. The first is themselves. LendingClub is a bank and takes a portion of their loans and puts them in their &#34;Loans Held for Investment&#34; (HFI) portfolio. These are loans that LendingClub intends to hold on their books through maturity. The remaining loans are sold on what they refer to as their marketplace, which is comprised of the same type of debt investors referred to above. So they have a pretty steady rate at which they add loans to their own HFI portfolio as the existing loans are paid off, and then a variable amount of loans they sell on top of that. The amount of variable loans they sell fluctuates, but right now it is limited by investor demand from their marketplace.</p><p>In their 2Q22 earnings call, LendingClub warned that the marketplace demand might soften as rates rise. CEO Scott Sanborn explained, &#34;For certain investors, their funding costs will move based on the forward curve, meaning where the fed is expected to go. These investors are seeking more yield to cover their increased costs.&#34; Investor costs move with where people <em>expect</em> rates to go, so their costs went up faster than the actual funds rates. LendingClub&#39;s loan pricing, by their own admission, lags the Fed Funds rate hikes by at least a few months. Investors were getting squeezed with higher costs now but the loans they were buying did not yet have higher interest rates to offset those costs.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/524146c7defbe38ec9c332cf2eae6fb1\" alt=\"LendingClub Quarterly Originations (Author)\" title=\"LendingClub Quarterly Originations (Author)\" tg-width=\"1280\" tg-height=\"791\"/><span>LendingClub Quarterly Originations (Author)</span></p><p>This is exactly what happened. During 3Q22, marketplace originations dropped 15% from $2.82B to $2.39B, correspondingly dropping their revenue from those loans from $213.8M to $181.2M. This drop in marketplace originations has continued every quarter for the past year. Part of the reason for the marketplace drop is because they keep the highest quality prime and prime plus loans their HFI portfolio and sell the lower quality prime and near prime loans to investors.</p><h4 id=\"id_4159406683\">SoFi</h4><p>Now let&#39;s move on to SoFi. SoFi employs a slightly different model to Upstart and LendingClub. Rather than have two separate cohorts for their loans, SoFi holds all originated loans on their own balance sheet for a period of time before selling them on to debt investors. They previously guided for 6-7 months holding period, but right now they&#39;ve been holding them much longer because of the weakness in investor demand. In this way, SoFi&#39;s balance sheet acts more like a shock absorber, giving them liquidity and optionality. SoFi can absorb or release loans as needed. As CEO Anthony Noto put it previously:</p><blockquote><p>We run to where the opportunity is. And in some quarters, that opportunity may be driven by being able to raise WACC. In some quarters, the opportunity would be driven by a really strong securitization market. And some quarters are going to be driven by a really strong wholesale market.</p></blockquote><p>Right now, the opportunity lies in gobbling up market share of their core target demographic - high-earning, high-quality customers not well served by the current banking system. As Upstart and LendingClub are slowing originations, SoFi has continued to increase them. In 1Q22, SoFi was only originating less than 2/3 the volume of personal loans as LendingClub and less than half the volume of Upstart. Now they are originating a little under double LendingClub and more than triple Upstart.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/628becf650dc648362042e5cb213c57d\" alt=\"SoFi Quarterly Originations (Author)\" title=\"SoFi Quarterly Originations (Author)\" tg-width=\"1280\" tg-height=\"791\"/><span>SoFi Quarterly Originations (Author)</span></p><p>SoFi&#39;s borrowers are also the most affluent and highest quality of the three companies. Their personal loan borrowers have an average FICO of 745 and an average income of $164,000. Furthermore, SoFi has actually been front-running the fed&#39;s interest rate hikes. They raised the APR they charge their borrowers faster than the Fed hiked rates and faster than their competitors. They could do this because of the the strong demand caused by their network effects. Raising rates faster than competitors and simultaneously increasing originations is a differentiated result. Their key underwriting variable is cash flow, because they want to make sure that borrowers have excess monthly cash flow to cover their loan payment.</p><h3 id=\"id_267165097\">Why SoFi is Winning</h3><p>All three of these companies have a ton of borrower demand at the moment, so that does not explain the discrepancy in originations. SoFi is proving their lending moat is expanding in three ways: superior availability of funding, choosing resilient customers, and better underwriting.</p><h4 id=\"id_1566674250\">Availability of Funding</h4><p>LC underwent origination growth in 2021 and 2022 after receiving their bank charter in December 2020. However, their marketplace originations have tanked in 2022 and 2023 because of rising rates and tightening credit as described above. They do not leave room on the balance sheet to absorb any fluctuations in investor demand, so marketplace originations boom and bust in real time with fluctuations in investor demand.</p><p>Upstart has virtually no control over their funding sources, so they are almost completely dependent on the whims of the economic environment. LC has been able to maintain some stability in originations because they hold a portion in the bank to maturity and can replace those as they hit their term. When demand from banks and asset managers for new loans dries up, Upstart gets hit the hardest. They have had to give preferential pricing and take on extra risk to supplement volumes in hard times. It is not a durable business through a full market cycle. Upstart the most cyclical of the three businesses.</p><p>SoFi got their bank charter in 1Q22. They have had significantly more flexibility to add loans to their balance sheet throughout 2022 and 2023 because they are the funding source. It&#39;s part of the plan to be vertically integrated across the entire business and own the whole process.</p><p>SoFi&#39;s business model to hold loans on the balance sheet for a variable amount of time and then selling them when the economics make sense appears to have given them the most flexibility to combat the economic turmoil caused by the rapidly rising rate environment. It even compares favorably to LC&#39;s business model even though both have bank charters. The timing of the bank charter was also fortuitous, no doubt about it, and has allowed them to continue scaling because they had plenty of room on the balance sheet to hold their own loans. However, I would argue that the business model is still superior because of the extra flexibility it gives them. Business model and execution are part of SoFi&#39;s expanding moat.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/73a36a8bf7ed59eeff30de3d0652e587\" alt=\"SoFi, LC, and UPST quarterly originations (Author)\" title=\"SoFi, LC, and UPST quarterly originations (Author)\" tg-width=\"1280\" tg-height=\"791\"/><span>SoFi, LC, and UPST quarterly originations (Author)</span></p><h4 id=\"id_1961190739\">Resilient Borrowers</h4><p>SoFi&#39;s decision to only loan to affluent and high quality borrowers is a part of the business model that makes them resilient. SoFi could easily have loosened credit standards in the easy money ZIRP days. They did not. Instead, they deliberately built a robust business model that can grow through an entire cycle. LC and Upstart leaned into lending to lower quality borrowers during the ZIRP days to boost growth, but as investor demand pulled back, they have been forced to move up the value chain to higher quality borrowers.</p><p>SoFi was already focused on a higher quality pool of borrowers and has not seen their potential clientele shrink in the same way. In fact, SoFi&#39;s all-in-one platform has attracted record members. This has allowed them to grow originations more than 6x from $614M in 4Q20 to $3.7B in the most recent quarter without compromising on credit quality.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9ccf2083be0f9b615beab903a67c66e3\" alt=\"SoFi total members by quarter (Author)\" title=\"SoFi total members by quarter (Author)\" tg-width=\"1280\" tg-height=\"665\"/><span>SoFi total members by quarter (Author)</span></p><p>SoFi chose an antifragile business model and it has resulted in consistent and sustainable growth through the significant headwinds that all three businesses have faced in the last year and a half. That means they are now far and away the market share leader in the fintech personal lending space, and even more so in their credit box. This gives them an advantage to maintain that position moving forward. When the credit cycle turns and demand returns, they will be in position to ramp originations to maintain their place as the leader, selling loans as required at a profit to facilitate the increasing volumes.</p><h4 id=\"id_1430670091\">Better Underwriting</h4><p>SoFi&#39;s credit outcomes are demonstrably better. The first reason for this dovetails with their resilient clientele. Higher quality borrowers hold up better in adverse economic conditions. Deliberately targeting that cohort of borrowers was a choice that is now paying dividends for the business.</p><p>Upstart publishes what they refer to as their Upstart Macro Index or UMI. It gives a value that predicts how many of their borrowers will default on their loans relative to historical norms. If default rates are normal, UMI is 1. If loans are overperforming because of the macro environment (e.g. the government gave out a bunch of stimulus checks), UMI is less than 1. If loans are underperforming (e.g. stimulus stops and inflation is at 40 year highs), the UMI is above 1. UMI has literally never been higher than it is today. Upstart&#39;s borrowers are defaulting 70% more often than normal.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8d1777959526aee614eca96a0e090559\" alt=\"Upstart Macro Index (Upstart)\" title=\"Upstart Macro Index (Upstart)\" tg-width=\"640\" tg-height=\"442\"/><span>Upstart Macro Index (Upstart)</span></p><p>SoFi outperforming Upstart is to be expected as affluent customers are more resilient. That does not explain how SoFi is seeing lower defaults than before the pandemic. LC&#39;s borrowers are ostensibly in the same credit box at SoFi, yet LC borrowers defaults crossed over prepandemic levels in 1Q23. SoFi just reiterated again in their 2Q23 earnings call that their credit outcomes are <em>still</em> better than they were before the pandemic. Not only that but their default rates actually <em>decreased</em> between 1Q23 and 2Q23.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c6141d02685175b3f7b005ee796011b6\" alt=\"SoFi Personal Loan Default Rate (Author)\" title=\"SoFi Personal Loan Default Rate (Author)\" tg-width=\"1280\" tg-height=\"700\"/><span>SoFi Personal Loan Default Rate (Author)</span></p><p>I do not know of a single lender of any type - bank, fintech, or otherwise - who can make that same claim. SoFi&#39;s underwriting is best in class and leads to better credit outcomes. This is what a moat looks like. When SoFi&#39;s balance sheet does eventually fill, it stands to reason that their superior credit outcomes and higher rates charged on their loans should allow them to find buyers for their loans easier than competitors. This is a claim that cannot yet be proven with data, but we can track in the coming quarters. LC did mention in their earnings call that the one bright spot for investor demand is for their seasoned prime personal loans. That just so happens to be exactly the type of loans SoFi has in abundance.</p><h2 id=\"id_4286215100\">The moat is expanding</h2><p>Exceptional companies differentiate themselves in the hard times. The data supports the argument that SoFi really is building a business that is better than its peers. SoFi has a robust business model built on a more resilient client base. They utilize superior underwriting. They are continuing to accelerate deposit growth. Essentially, they offer an all-in-one platform that is taking market share for banking and lending. That has led to better outcomes in hard times. I think the evidence makes those statements undeniably true. When the headwinds slow, differentiated results will continue to separate them from competitors. The moat is getting deeper and wider every quarter.</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>SoFi Is Digging A Wider Moat</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\">\nSoFi Is Digging A Wider Moat\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-09-01 10:13 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4632387-sofi-digging-wider-moat><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SoFi's moat is expanding as they execute their all-in-one financial app strategy and differentiate themselves from competitors.SoFi is experiencing strong deposit and member growth at decreasing ...</p>\n\n<a href=\"https://seekingalpha.com/article/4632387-sofi-digging-wider-moat\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4550":"红杉资本持仓","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","LU0971096721.USD":"富达环球金融服务 A","LU1244550221.USD":"FRANKLIN GLOBAL MULTI-ASSET  INCOME \"A\" (USDHEDGED) INC (M)","LU2552382215.SGD":"WELLINGTON US BRAND POWER \"A\" (SGDHDG) ACC","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","LU0149725797.USD":"汇丰美国股市经济规模基金","LU0211327993.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (USD) ACC","LU2552382058.USD":"WELLINGTON US BRAND POWER \"A\" (USD) ACC","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU0882574139.USD":"富达环球消费行业基金A ACC","LU1496350171.SGD":"FRANKLIN DIVERSIFIED BALANCED \"A\" (SGDHDG) ACC","LU2552382132.HKD":"WELLINGTON US BRAND POWER \"A\" (HKD) ACC","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","LU0211331839.USD":"FRANKLIN MUTUAL GLB DISCOVERY \"A\" (USD) ACC","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","LU0211328371.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (MDIS) (USD)   INC","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","BK4549":"软银资本持仓","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","SOFI":"SoFi Technologies Inc.","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","BK4534":"瑞士信贷持仓","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0310799852.SGD":"FTIF - Templeton Global Equity Income A MDIS SGD","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","LU0310800965.SGD":"FTIF - Templeton Global Balanced A Acc SGD","BK4535":"淡马锡持仓","LU0175139822.USD":"AB FCP I Global Equity Blend A USD","LU0106831901.USD":"贝莱德世界金融基金A2","LU0496365809.HKD":"TEMPLETON GLOBAL INCOME \"A\" (HKD) INC (Q)","BK4559":"巴菲特持仓","BK4166":"消费信贷"},"source_url":"https://seekingalpha.com/article/4632387-sofi-digging-wider-moat","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2364173542","content_text":"SoFi's moat is expanding as they execute their all-in-one financial app strategy and differentiate themselves from competitors.SoFi is experiencing strong deposit and member growth at decreasing customer acquisition costs.SoFi's lending moat is expanding through superior availability of funding, choosing resilient borrowers, and better underwriting, resulting in consistent and sustainable growth.tamara_kulikovaA common refrain I still hear from people who do not think SoFi (NASDAQ:SOFI) is a good investment is that there is significant competition and that SoFi does not have a moat. If a business doesn't have a moat, it means there are low barriers to entry, anybody can just copy the business, and it is impossible to build a business that outperforms competitors. I previously discussed both SoFi's consumer-facing moat as well as their technology moat. After their strong 2Q23 results, it is an excellent time to revisit this discussion.With the rare exception of heavy patent protection, a moat takes time to dig and fill with water. Moats aren't just bestowed by the investing gods, they are built through exceptional execution. What determines whether SoFi will be \"just a bank\" or the \"winner take most in the fintech space\" is their execution.This leads to one of the core tenants of my examination of a company's moat. While the size of the moat is very important, sometimes what is more important is whether the moat is expanding or contracting. Is the business executing in such a way that their competitive advantages are expanding relative to their peers? Are they carving out a defensible niche and creating differentiated products that lead to better outcomes? Is there an inherent network effect being created or a superior brand being built? Those are hard questions to answer directly, but the results invariably show up in the numbers.SoFi CEO Anthony Noto is fond of saying that when he joined in 2018 that everyone was talking about being an all-in-one financial app, but that SoFi is the only company who has actually done it. However, up to this point, SoFi's moat has been mostly theoretical. They say a one-stop shop should allow for a better experience and cross selling. They argue that it will increase user engagement and drive greater lifetime value from their members. Essentially, it should make SoFi's results differentiated from their competitors. The data are showing that to be the case. The moat is expanding.Financial Services OutperformanceDepositsSoFi has a focus on getting new members to move their direct deposit to SoFi. That is because the bank where you send your direct deposit is almost always your primary bank, and your primary bank is where you keep most of your money. Here is what was said on the earnings call about deposit growth:From a balance sheet perspective, our unique value proposition in SoFi continues to fuel high-quality deposits, that increased by $2.7 billion sequentially and we ended the quarter with nearly $12.7 billion in deposits. Importantly, more than 90% of our consumer deposits are from sticky direct deposit members, and nearly 98% of our deposits are insured.Big deal, SoFi is getting a lot of deposits because it's offering a high APY on their savings account (4.5% at the time of writing), right? Ally (ALLY) currently gives 4.25%, LendingClub (LC) clocks in at 4.5%, Discover (DFS) is at 4.3%. SoFi and LendingClub are equal now, but LendingClub actually had higher APY than SoFi for the entirety of 2Q23. If it all came down to APY, LendingClub should have been the biggest winner, and all the others should have also seen significant deposit growth. Credit to Vadim Kotlarov for this graphic.Quarterly deposit growth of large neobanks (Vadim Kotlarov)Every neobank has seen deposit growth over the past year as they've been taking customers away from incumbent banks by offering higher APYs than the likes of JPMorgan (JPM), Wells Fargo (WFC), and Citigroup (C). However, peak deposit growth for most neobanks was 4Q22 and they've all seen a steep drop in growth thereafter. There is one exception. SoFi's deposit growth has continued to accelerate. LendingClub even saw deposits shrink in the last quarter despite offering higher rates that SoFi the entire quarter.When I see a definitive trend reversal like that across an entire industry with one outlier who bucks that trend, I take note. Especially when on the face of it there is no reason for it. It isn't like SoFi gave higher APY or even higher signup bonuses during these last two quarters than before. They didn't increase marketing spend, as we'll see in a second, they just outperformed the competition because of something innate about the product. This is a testament to the fact that their product is differentiating itself in other, less obvious ways. This is what a moat looks like.Member growth at low customer acquisition costSoFi is paying less in customer acquisition costs (CAC) than they have in well over a year while simultaneously adding more members than they ever have before. As CEO Anthony Noto's described it in the earnings call:And I think this quarter is the first quarter that I can say, I feel really confident the flywheel is working. And what I mean by that is, we're seeing efficiencies in our customer acquisition cost. And those efficiencies are really more correlated with the unaided brand awareness being increased in addition to the fact that our marketing and product teams are iterating every day through technology and content information analytics to drive those efficiencies. […] It's the holistic approach that we've taken over the last 5.5 years that is really starting to pay off in the quarter and as we look into Q3 as well.I love that he said that this trend is continuing into Q3 as well. One quarter of lower CAC and high member adds is not definitive proof that they truly have turned a corner. However, the increase in brand awareness they highlighted in the earnings call also provides data that supports this trend. If CAC can stay low as quarterly new members climb, it would be another piece of evidence that the moat is growing.SoFi quarterly customer acquisition cost (Author)SoFi quarterly new member growth (Author)Lending OutperformanceLast November I wrote that SoFi was pulling away from LendingClub and Upstart (UPST), the two other fintech companies who operate primarily in the fintech lending space. All three of them, at the moment, rely on personal loans as their main source of revenue and income. They all compete for borrowers and selling loans to the same debt investors. I'll provide a little more nuance into the different business models below, but I think the performance of these three companies since that article proves my analysis at the time was prescient. The differentiation of SoFi from its competitors is only getting more obvious over time.Quarterly revenue of SoFi, LendingClub, and Upstart (Author)Macro BackdropAll three of these fintech businesses have to deal with a supply and demand issues on two fronts. On one front, they are offering to lend money to those who want a personal loan. These potential customers may be trying to refinance high variable rate credit card debt into lower fixed rate personal loans, renovating their house, financing solar panels, or any other reason. I'll refer to this as borrower demand, and it is extremely strong right now. People are looking at their credit card statements, feeling the pain, and seeking to refinance that variable rate debt into a lower fixed rate.How borrower demand and investor demand affect lenders (Author)On the other side of the equation are debt investors. These are banks and asset managers such as hedge funds, sovereign wealth funds, pension funds, etc. These are the entities that buy loans from companies like SoFi, LendingClub, and Upstart. All three of these companies sell loans to these debt investors, and depend on them for liquidity and, to an extent, their revenue and profits. I'll refer to this as investor demand, and right now it is weak. As a result of the banking crisis, most banks are actively looking to offload assets like personal loans to decrease their risk profiles and increase liquidity. Bank demand for personal loans is very low and in fact they are selling loans. This results in excess supply of assets at the moment. Asset managers are happy to step in, but the increase in supply means that they can be very picky about the pricing and the quality of the loans they are purchasing. The result is that investor demand is very weak right now.Business Model DifferencesI like to give context for my analysis, so let's briefly review the similarities and differences between SoFi, LendingClub, and UpstartUpstartUpstart's target market is near prime and subprime candidates whom Upstart believes are higher quality borrowers than their FICO score would indicate. They do not disclose the average FICO score of the loans they fund or refer to their partners. Upstart, for the most part, tries not to hold loans on the balance sheet. They use their machine learning algorithm to determine credit worthiness and approve or deny the loan at a given APR. The majority of their revenue comes from fees they charge up front for finding and approving the loan. They let someone else hold the loan, collect interest, and take the default risk.Upstart has two cohorts of buyers of their loans, partner banks and the asset managers mentioned above. Partner banks can use Upstart as the de facto credit check service for their own customers and also can house loans that Upstart approves through its platform. They grew originations like crazy during the zero interest rate policy (ZIRP) days. However, Upstart immediately ran into issues as soon as rates started to increase. Origination growth was only positive 1Q22 because Upstart stepped in and used their balance sheet to fund loans. While they have continued to use their balance sheet, it hasn't been enough and demand to buy their loans has completely collapsed. Originations plummeted for 4 straight quarters before seeing a slight uptick in 2Q23.Upstart Quarterly Originations (Author)LendingClubLendingClub targets near-prime, prime, and prime plus customers who are serial users of credit. For loans they hold on their own balance sheet, as of 4Q22, the average FICO score was 729 and the average income was $116,000. The entire servicing portfolio, which includes loans they've sold to others, had an average FICO of 717 and average income of $113,000 at that same time. They stopped disclosing those numbers in 2023.LendingClub also has two cohorts for the loans they originate. The first is themselves. LendingClub is a bank and takes a portion of their loans and puts them in their \"Loans Held for Investment\" (HFI) portfolio. These are loans that LendingClub intends to hold on their books through maturity. The remaining loans are sold on what they refer to as their marketplace, which is comprised of the same type of debt investors referred to above. So they have a pretty steady rate at which they add loans to their own HFI portfolio as the existing loans are paid off, and then a variable amount of loans they sell on top of that. The amount of variable loans they sell fluctuates, but right now it is limited by investor demand from their marketplace.In their 2Q22 earnings call, LendingClub warned that the marketplace demand might soften as rates rise. CEO Scott Sanborn explained, \"For certain investors, their funding costs will move based on the forward curve, meaning where the fed is expected to go. These investors are seeking more yield to cover their increased costs.\" Investor costs move with where people expect rates to go, so their costs went up faster than the actual funds rates. LendingClub's loan pricing, by their own admission, lags the Fed Funds rate hikes by at least a few months. Investors were getting squeezed with higher costs now but the loans they were buying did not yet have higher interest rates to offset those costs.LendingClub Quarterly Originations (Author)This is exactly what happened. During 3Q22, marketplace originations dropped 15% from $2.82B to $2.39B, correspondingly dropping their revenue from those loans from $213.8M to $181.2M. This drop in marketplace originations has continued every quarter for the past year. Part of the reason for the marketplace drop is because they keep the highest quality prime and prime plus loans their HFI portfolio and sell the lower quality prime and near prime loans to investors.SoFiNow let's move on to SoFi. SoFi employs a slightly different model to Upstart and LendingClub. Rather than have two separate cohorts for their loans, SoFi holds all originated loans on their own balance sheet for a period of time before selling them on to debt investors. They previously guided for 6-7 months holding period, but right now they've been holding them much longer because of the weakness in investor demand. In this way, SoFi's balance sheet acts more like a shock absorber, giving them liquidity and optionality. SoFi can absorb or release loans as needed. As CEO Anthony Noto put it previously:We run to where the opportunity is. And in some quarters, that opportunity may be driven by being able to raise WACC. In some quarters, the opportunity would be driven by a really strong securitization market. And some quarters are going to be driven by a really strong wholesale market.Right now, the opportunity lies in gobbling up market share of their core target demographic - high-earning, high-quality customers not well served by the current banking system. As Upstart and LendingClub are slowing originations, SoFi has continued to increase them. In 1Q22, SoFi was only originating less than 2/3 the volume of personal loans as LendingClub and less than half the volume of Upstart. Now they are originating a little under double LendingClub and more than triple Upstart.SoFi Quarterly Originations (Author)SoFi's borrowers are also the most affluent and highest quality of the three companies. Their personal loan borrowers have an average FICO of 745 and an average income of $164,000. Furthermore, SoFi has actually been front-running the fed's interest rate hikes. They raised the APR they charge their borrowers faster than the Fed hiked rates and faster than their competitors. They could do this because of the the strong demand caused by their network effects. Raising rates faster than competitors and simultaneously increasing originations is a differentiated result. Their key underwriting variable is cash flow, because they want to make sure that borrowers have excess monthly cash flow to cover their loan payment.Why SoFi is WinningAll three of these companies have a ton of borrower demand at the moment, so that does not explain the discrepancy in originations. SoFi is proving their lending moat is expanding in three ways: superior availability of funding, choosing resilient customers, and better underwriting.Availability of FundingLC underwent origination growth in 2021 and 2022 after receiving their bank charter in December 2020. However, their marketplace originations have tanked in 2022 and 2023 because of rising rates and tightening credit as described above. They do not leave room on the balance sheet to absorb any fluctuations in investor demand, so marketplace originations boom and bust in real time with fluctuations in investor demand.Upstart has virtually no control over their funding sources, so they are almost completely dependent on the whims of the economic environment. LC has been able to maintain some stability in originations because they hold a portion in the bank to maturity and can replace those as they hit their term. When demand from banks and asset managers for new loans dries up, Upstart gets hit the hardest. They have had to give preferential pricing and take on extra risk to supplement volumes in hard times. It is not a durable business through a full market cycle. Upstart the most cyclical of the three businesses.SoFi got their bank charter in 1Q22. They have had significantly more flexibility to add loans to their balance sheet throughout 2022 and 2023 because they are the funding source. It's part of the plan to be vertically integrated across the entire business and own the whole process.SoFi's business model to hold loans on the balance sheet for a variable amount of time and then selling them when the economics make sense appears to have given them the most flexibility to combat the economic turmoil caused by the rapidly rising rate environment. It even compares favorably to LC's business model even though both have bank charters. The timing of the bank charter was also fortuitous, no doubt about it, and has allowed them to continue scaling because they had plenty of room on the balance sheet to hold their own loans. However, I would argue that the business model is still superior because of the extra flexibility it gives them. Business model and execution are part of SoFi's expanding moat.SoFi, LC, and UPST quarterly originations (Author)Resilient BorrowersSoFi's decision to only loan to affluent and high quality borrowers is a part of the business model that makes them resilient. SoFi could easily have loosened credit standards in the easy money ZIRP days. They did not. Instead, they deliberately built a robust business model that can grow through an entire cycle. LC and Upstart leaned into lending to lower quality borrowers during the ZIRP days to boost growth, but as investor demand pulled back, they have been forced to move up the value chain to higher quality borrowers.SoFi was already focused on a higher quality pool of borrowers and has not seen their potential clientele shrink in the same way. In fact, SoFi's all-in-one platform has attracted record members. This has allowed them to grow originations more than 6x from $614M in 4Q20 to $3.7B in the most recent quarter without compromising on credit quality.SoFi total members by quarter (Author)SoFi chose an antifragile business model and it has resulted in consistent and sustainable growth through the significant headwinds that all three businesses have faced in the last year and a half. That means they are now far and away the market share leader in the fintech personal lending space, and even more so in their credit box. This gives them an advantage to maintain that position moving forward. When the credit cycle turns and demand returns, they will be in position to ramp originations to maintain their place as the leader, selling loans as required at a profit to facilitate the increasing volumes.Better UnderwritingSoFi's credit outcomes are demonstrably better. The first reason for this dovetails with their resilient clientele. Higher quality borrowers hold up better in adverse economic conditions. Deliberately targeting that cohort of borrowers was a choice that is now paying dividends for the business.Upstart publishes what they refer to as their Upstart Macro Index or UMI. It gives a value that predicts how many of their borrowers will default on their loans relative to historical norms. If default rates are normal, UMI is 1. If loans are overperforming because of the macro environment (e.g. the government gave out a bunch of stimulus checks), UMI is less than 1. If loans are underperforming (e.g. stimulus stops and inflation is at 40 year highs), the UMI is above 1. UMI has literally never been higher than it is today. Upstart's borrowers are defaulting 70% more often than normal.Upstart Macro Index (Upstart)SoFi outperforming Upstart is to be expected as affluent customers are more resilient. That does not explain how SoFi is seeing lower defaults than before the pandemic. LC's borrowers are ostensibly in the same credit box at SoFi, yet LC borrowers defaults crossed over prepandemic levels in 1Q23. SoFi just reiterated again in their 2Q23 earnings call that their credit outcomes are still better than they were before the pandemic. Not only that but their default rates actually decreased between 1Q23 and 2Q23.SoFi Personal Loan Default Rate (Author)I do not know of a single lender of any type - bank, fintech, or otherwise - who can make that same claim. SoFi's underwriting is best in class and leads to better credit outcomes. This is what a moat looks like. When SoFi's balance sheet does eventually fill, it stands to reason that their superior credit outcomes and higher rates charged on their loans should allow them to find buyers for their loans easier than competitors. This is a claim that cannot yet be proven with data, but we can track in the coming quarters. LC did mention in their earnings call that the one bright spot for investor demand is for their seasoned prime personal loans. That just so happens to be exactly the type of loans SoFi has in abundance.The moat is expandingExceptional companies differentiate themselves in the hard times. The data supports the argument that SoFi really is building a business that is better than its peers. SoFi has a robust business model built on a more resilient client base. They utilize superior underwriting. They are continuing to accelerate deposit growth. Essentially, they offer an all-in-one platform that is taking market share for banking and lending. That has led to better outcomes in hard times. I think the evidence makes those statements undeniably true. When the headwinds slow, differentiated results will continue to separate them from competitors. The moat is getting deeper and wider every quarter.","news_type":1},"isVote":1,"tweetType":1,"viewCount":239,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":225546124460072,"gmtCreate":1696122189511,"gmtModify":1696122194309,"author":{"id":"4152496098951332","authorId":"4152496098951332","authorIdStr":"4152496098951332","name":"NealRiggers","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4152496098951332"},"themes":[],"htmlText":"I see that attacks are sustained on GME and its CEO. This means the stock is a strong buy now.","listText":"I see that attacks are sustained on GME and its CEO. This means the stock is a strong buy now.","text":"I see that attacks are sustained on GME and its CEO. This means the stock is a strong buy now.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/225546124460072","repostId":"2371271010","repostType":2,"repost":{"id":"2371271010","pubTimestamp":1696119963,"share":"https://ttm.financial/m/news/2371271010?lang=&edition=fundamental","pubTime":"2023-10-01 08:26","market":"us","language":"en","title":"Ryan Cohen’s GameStop Gambit Raises Specter of His Spotty Record","url":"https://stock-news.laohu8.com/highlight/detail?id=2371271010","media":"Bloomberg","summary":"Billionaire Ryan Cohen’s appointment to lead GameStop Corp. drew cheers across the social-media platforms that made him a meme-stock icon. But investors may want to hold the applause based on his spot","content":"<html><head></head><body><p>Billionaire Ryan Cohen’s appointment to lead GameStop Corp. drew cheers across the social-media platforms that made him a meme-stock icon. But investors may want to hold the applause based on his spotty record of making money for them.</p><p>Cohen, who helped spark a more than 2,000% surge in the video-game seller’s shares in early 2021, was named the firm’s chief executive officer on Thursday. He takes his post just as the movie Dumb Money, based on the GameStop trading frenzy that burned hedge funds and enriched small investors at the time, hits theaters nationwide.</p><p>The company’s shares are now 80% below their January 2021 peak. And Wall Street is skeptical that Cohen will be able to engineer a turnaround, regardless of the retail crowd’s euphoria and forgiveness of the poor performance of other companies in which he’s taken large stakes.</p><p>“Cohen’s appointment ensures GameStop’s demise,” Wedbush’s Michael Pachter, one of three analysts tracking the stock, said Thursday.</p><p>Cohen’s Targets</p><p>Retailers Bed Bath &amp; Beyond Inc. and Nordstrom Inc. have also delivered losses to the individuals who bought and held after reports Cohen had taken a stake. And Alibaba Group Holding Ltd.’s stock has slumped since the January report that Cohen had built a holding.</p><p>In a memo to employees Thursday, Cohen emphasized GameStop’s need to be profitable and said “extreme frugality” is needed, CNBC reported.</p><p>“I’m not getting paid, so I’m either going down with the ship or turning the company around. I much prefer the latter,” he said in the memo, according to CNBC.</p><p>Representatives for Cohen and GameStop didn’t respond to emails and phone calls seeking comment.</p><p>He became an idol to individual investors after gaining a seat on GameStop’s board in January 2021 as shares skyrocketed. His appeal was cemented by his tweets hitting back at critics, as investors flocked to create memes praising the Chewy founder, who made an initial fortune selling the pet supply retailer to PetSmart in 2017.</p><p>Cohen’s push to re-shape GameStop in the mold of Amazon.com Inc. hasn’t worked out as planned. The company has gone through four CEOs in less than six years. Cohen’s investment firm, RC Ventures, has been among the largest shareholders since 2020. </p><p>While investors who bought in August 2020 when he disclosed his first stake are up some 1,100%, the firm has shed $19 billion in value from a 2021 peak with earnings stagnating.</p><p>Bed Bath</p><p>Bed Bath &amp; Beyond took the meme-stock baton in 2022, surging after Cohen disclosed an investment. He then appointed three board members, triggering another leg up in the shares.</p><p>Analysts downplayed his push to sell the company’s Buybuy Baby division at a lofty valuation at the time. However, retail traders jumped at the chance to get in on what seemed ripe to be the next meme stock.</p><p>Instead, the stock’s 86% intraday surge in March 2022 soon evaporated, and Cohen dumped his shares and options in August 2022, pocketing $68.1 million in profit. In April 2023, the company filed for bankruptcy despite efforts to keep operating, wiping out the value for investors.</p><p>Alibaba, Nordstrom</p><p>This year, reports circulated that Cohen had taken a stake in Alibaba with plans to make a rare activist investment in a Chinese company. Since the report on the position in mid-January, the ADRs that track the e-commerce giant have slumped 26%. It’s unclear if Cohen has outperformed his followers given Bloomberg News reported he built the stake in the second half of last year.</p><p>Just weeks after news of the Alibaba holding circulated, Cohen pushed to shake up another retailer, Nordstrom. </p><p>However, Bloomberg News reported in April that he withdrew plans to nominate candidates for the firm’s board. Any retail traders who bought on news of Cohen’s stake and held on would have lost roughly a third of their money.</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>Ryan Cohen’s GameStop Gambit Raises Specter of His Spotty Record</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\">\nRyan Cohen’s GameStop Gambit Raises Specter of His Spotty Record\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-10-01 08:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/ryan-cohen-gamestop-gambit-raises-150000108.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Billionaire Ryan Cohen’s appointment to lead GameStop Corp. drew cheers across the social-media platforms that made him a meme-stock icon. But investors may want to hold the applause based on his ...</p>\n\n<a href=\"https://finance.yahoo.com/news/ryan-cohen-gamestop-gambit-raises-150000108.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"89988":"阿里巴巴-WR","09988":"阿里巴巴-W","GME":"游戏驿站","BBBY":"3B家居","BABA":"阿里巴巴","JWN":"诺德斯特龙","BBBYQ":"3B家居"},"source_url":"https://finance.yahoo.com/news/ryan-cohen-gamestop-gambit-raises-150000108.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2371271010","content_text":"Billionaire Ryan Cohen’s appointment to lead GameStop Corp. drew cheers across the social-media platforms that made him a meme-stock icon. But investors may want to hold the applause based on his spotty record of making money for them.Cohen, who helped spark a more than 2,000% surge in the video-game seller’s shares in early 2021, was named the firm’s chief executive officer on Thursday. He takes his post just as the movie Dumb Money, based on the GameStop trading frenzy that burned hedge funds and enriched small investors at the time, hits theaters nationwide.The company’s shares are now 80% below their January 2021 peak. And Wall Street is skeptical that Cohen will be able to engineer a turnaround, regardless of the retail crowd’s euphoria and forgiveness of the poor performance of other companies in which he’s taken large stakes.“Cohen’s appointment ensures GameStop’s demise,” Wedbush’s Michael Pachter, one of three analysts tracking the stock, said Thursday.Cohen’s TargetsRetailers Bed Bath & Beyond Inc. and Nordstrom Inc. have also delivered losses to the individuals who bought and held after reports Cohen had taken a stake. And Alibaba Group Holding Ltd.’s stock has slumped since the January report that Cohen had built a holding.In a memo to employees Thursday, Cohen emphasized GameStop’s need to be profitable and said “extreme frugality” is needed, CNBC reported.“I’m not getting paid, so I’m either going down with the ship or turning the company around. I much prefer the latter,” he said in the memo, according to CNBC.Representatives for Cohen and GameStop didn’t respond to emails and phone calls seeking comment.He became an idol to individual investors after gaining a seat on GameStop’s board in January 2021 as shares skyrocketed. His appeal was cemented by his tweets hitting back at critics, as investors flocked to create memes praising the Chewy founder, who made an initial fortune selling the pet supply retailer to PetSmart in 2017.Cohen’s push to re-shape GameStop in the mold of Amazon.com Inc. hasn’t worked out as planned. The company has gone through four CEOs in less than six years. Cohen’s investment firm, RC Ventures, has been among the largest shareholders since 2020. While investors who bought in August 2020 when he disclosed his first stake are up some 1,100%, the firm has shed $19 billion in value from a 2021 peak with earnings stagnating.Bed BathBed Bath & Beyond took the meme-stock baton in 2022, surging after Cohen disclosed an investment. He then appointed three board members, triggering another leg up in the shares.Analysts downplayed his push to sell the company’s Buybuy Baby division at a lofty valuation at the time. However, retail traders jumped at the chance to get in on what seemed ripe to be the next meme stock.Instead, the stock’s 86% intraday surge in March 2022 soon evaporated, and Cohen dumped his shares and options in August 2022, pocketing $68.1 million in profit. In April 2023, the company filed for bankruptcy despite efforts to keep operating, wiping out the value for investors.Alibaba, NordstromThis year, reports circulated that Cohen had taken a stake in Alibaba with plans to make a rare activist investment in a Chinese company. Since the report on the position in mid-January, the ADRs that track the e-commerce giant have slumped 26%. It’s unclear if Cohen has outperformed his followers given Bloomberg News reported he built the stake in the second half of last year.Just weeks after news of the Alibaba holding circulated, Cohen pushed to shake up another retailer, Nordstrom. However, Bloomberg News reported in April that he withdrew plans to nominate candidates for the firm’s board. Any retail traders who bought on news of Cohen’s stake and held on would have lost roughly a third of their money.","news_type":1},"isVote":1,"tweetType":1,"viewCount":235,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":227908224921872,"gmtCreate":1696666620612,"gmtModify":1696668392827,"author":{"id":"4152496098951332","authorId":"4152496098951332","authorIdStr":"4152496098951332","name":"NealRiggers","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4152496098951332"},"themes":[],"htmlText":"GME will melt faces when the corruption in the market ends.&nbsp;","listText":"GME will melt faces when the corruption in the market ends.&nbsp;","text":"GME will melt faces when the corruption in the market ends.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/227908224921872","repostId":"2373234916","repostType":2,"repost":{"id":"2373234916","pubTimestamp":1696658400,"share":"https://ttm.financial/m/news/2373234916?lang=&edition=fundamental","pubTime":"2023-10-07 14:00","market":"us","language":"en","title":"3 Momentum Stocks to Sell Before the Magic Is Gone","url":"https://stock-news.laohu8.com/highlight/detail?id=2373234916","media":"InvestorPlace","summary":"The momentum underpinning these stocks seems to be disappearing, and investors would be wise to sell now before things get worse.","content":"<html><head></head><body><ul style=\"\"><li><p>Here are three momentum stocks to dump before the damage is done.</p></li><li><p>Netflix (NFLX): A plan to further raise prices could lead to a loss of subscribers.</p></li><li><p>General Motors (GM): The ongoing autoworkers strike is likely to derail the company’s EV strategy.</p></li><li><p>GameStop (GME): The video game retailer’s stock has fallen 17% since Ryan Cohen was named CEO.</p></li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9a63b2d4bda9d2bd544c33dfbd980f29\" alt=\"Source: shutterstock.com/Ink Drop\" title=\"Source: shutterstock.com/Ink Drop\" tg-width=\"768\" tg-height=\"432\"/><span>Source: shutterstock.com/Ink Drop</span></p><p>Momentum stocks tend to be securities that are rising quickly and have a track record of consistent gains. These also tend to be stocks of well-known companies that have brand recognition and get a lot of media attention. While momentum stocks often provide big gains to investors they can also lose steam, and very quickly. This has led to the emergence of momentum stocks to sell.</p><p>A change of strategy, shift in circumstance, or loss of confidence in the stock can send the share price trending lower. As such, it is important for investors to stay on top of news related to any momentum stocks they own and make adjustments quickly if the narrative suddenly changes.</p><p>Just as fast as momentum stocks rise, they can quickly fall. Being able to see when the momentum is starting to slow is therefore important. Here are three momentum stocks to dump before the damage is done.</p><h2 id=\"id_3052093176\">Netflix (NFLX)</h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4b2847b344315e45e46055cd68d6793d\" alt=\"Source: xalien / Shutterstock\" title=\"Source: xalien / Shutterstock\" tg-width=\"300\" tg-height=\"169\"/><span>Source: xalien / Shutterstock</span></p><p>Reports have surfaced that Netflix (NASDAQ:NFLX) is planning to raise the price of its ad-free streaming tier once the strike by Hollywood actors ends. Netflix is preparing to hike prices in the U.S. and Canada immediately after the strike ends, and also plans to increase the fees it charges consumers in foreign markets during 2024. The price increases come as Netflix also cracks down on password sharing by subscribers and has introduced paid advertisements to its streaming platform for the first time.</p><p>While raising prices will bring in more revenue for Netflix, it could also lead to a loss of subscribers worldwide. This would be very damaging for Netflix coming during a period of rising competition and price wars among streaming companies.</p><p>Additionally, with production in Hollywood now shutdown for six months, there is a dearth of new content on Netflix, a situation that could lead subscribers to wonder what they are paying higher prices for? The move is unlikely to help NFLX stock, which has fallen 16% in the past month. This makes it one of those momentum stocks to sell.</p><h2 id=\"id_1531685721\">General Motors (GM)</h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/19937bc1c40e26bd4e22314bd657f3be\" alt=\"Source: Katherine Welles / Shutterstock.com\" title=\"Source: Katherine Welles / Shutterstock.com\" tg-width=\"300\" tg-height=\"169\"/><span>Source: Katherine Welles / Shutterstock.com</span></p><p>Speaking of strikes, the job action by the United Auto Workers (UAW) union is entering its third week with no end in sight. This is very bad for all the automakers involved, particularly General Motors (NYSE:GM), whose electric vehicle strategy was behind schedule before the strike occurred and is now likely to be thrown into reverse. The full impact of the strike won’t be known for months. However, GM has already said that the targeted strike by the UAW cost it $200 million during this year’s third quarter.</p><p>In response to the UAW strike, GM has resorted to laying off employees, most recently cutting 120 positions in Parma, Ohio, and Marion, Indiana. The company has also secured itself a $6 billion line of credit in anticipation of a protracted work stoppage and in the event of a full-blown walkout by the union.</p><p>A negotiated settlement doesn’t appear likely anytime soon with the UAW demanding across the board pay raises of 40% and a return to traditional pension plans. GM stock has declined 8% this year, making it a momentum stock to dump.</p><h2 id=\"id_3788568605\">GameStop (GME)</h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b9860f328d9cd0140adc12f9bb1a2e21\" alt=\"Source: shutterstock.com/EchoVisuals\" title=\"Source: shutterstock.com/EchoVisuals\" tg-width=\"300\" tg-height=\"169\"/><span>Source: shutterstock.com/EchoVisuals</span></p><p>Is Ryan Cohen really the person to save video game retailer GameStop (NYSE:GME)? Not judging by the market’s reaction to news that Cohen has been named the company’s new CEO effective immediately. After initially jumping 10% higher, GME stock has subsequently plunged 17% since Cohen was named to the top job at GameStop. The company’s share price has now declined 23% over the last month. Clearly investors don’t see Cohen as a white knight coming to the rescue of GameStop.</p><p>The negative reaction is a bit surprising considering that Cohen already serves on GameStop’s board of directors, is one of the company’s largest shareholders, and has refused to take any financial compensation for his expanded role as CEO. Cohen, who made billions from founding online pet retailer Chewy (NYSE:CHWY), first took a position in GME stock in 2020 and joined the board in 2021. His focus as CEO will be revive the retailer’s turn around strategy that is aimed at making GameStop an e-commerce company. Investors seem skeptical. All in all, it’s definitely one of those momentum stocks to sell.</p></body></html>","source":"investorplace_stock_picks","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Momentum Stocks to Sell Before the Magic Is Gone</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Momentum Stocks to Sell Before the Magic Is Gone\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-10-07 14:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2023/10/3-momentum-stocks-to-sell-before-the-magic-is-gone/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Here are three momentum stocks to dump before the damage is done.Netflix (NFLX): A plan to further raise prices could lead to a loss of subscribers.General Motors (GM): The ongoing autoworkers strike ...</p>\n\n<a href=\"https://investorplace.com/2023/10/3-momentum-stocks-to-sell-before-the-magic-is-gone/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","BK4532":"文艺复兴科技持仓","NFLX":"奈飞","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4108":"电影和娱乐","BK4507":"流媒体概念","BK4585":"ETF&股票定投概念","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","BK4534":"瑞士信贷持仓","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","BK4555":"新能源车","LU1823568750.SGD":"Fidelity Global Technology A-ACC SGD","BK4566":"资本集团","BK4587":"ChatGPT概念","SG9999004303.SGD":"Nikko AM Shenton Global Opportunities SGD","BK4524":"宅经济概念","BK4577":"网络游戏","GME":"游戏驿站","BK4527":"明星科技股","BK4559":"巴菲特持仓","GM":"通用汽车","LU0320765489.SGD":"FTIF - Franklin Mutual US Value A Acc SGD","BK4588":"碎股","LU0648000940.SGD":"Natixis Harris Associates Global Equity RA SGD","BK4076":"电脑与电子产品零售","LU0070302665.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","BK4574":"无人驾驶","BK4122":"互联网与直销零售","BK4551":"寇图资本持仓","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","BK4561":"索罗斯持仓","BK4547":"WSB热门概念","SGXZ23171101.USD":"NIKKO AM SHENTON GLOBAL OPPORTUNITIES (USD) ACC","BK4581":"高盛持仓","LU1548497426.USD":"安联环球人工智能AT Acc","LU0130103400.USD":"Natixis Harris Associates Global Equity RA USD","BK4200":"专卖店","BK4099":"汽车制造商","LU1201861165.SGD":"Natixis Harris Associates Global Equity PA SGD","BK4548":"巴美列捷福持仓"},"source_url":"https://investorplace.com/2023/10/3-momentum-stocks-to-sell-before-the-magic-is-gone/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2373234916","content_text":"Here are three momentum stocks to dump before the damage is done.Netflix (NFLX): A plan to further raise prices could lead to a loss of subscribers.General Motors (GM): The ongoing autoworkers strike is likely to derail the company’s EV strategy.GameStop (GME): The video game retailer’s stock has fallen 17% since Ryan Cohen was named CEO.Source: shutterstock.com/Ink DropMomentum stocks tend to be securities that are rising quickly and have a track record of consistent gains. These also tend to be stocks of well-known companies that have brand recognition and get a lot of media attention. While momentum stocks often provide big gains to investors they can also lose steam, and very quickly. This has led to the emergence of momentum stocks to sell.A change of strategy, shift in circumstance, or loss of confidence in the stock can send the share price trending lower. As such, it is important for investors to stay on top of news related to any momentum stocks they own and make adjustments quickly if the narrative suddenly changes.Just as fast as momentum stocks rise, they can quickly fall. Being able to see when the momentum is starting to slow is therefore important. Here are three momentum stocks to dump before the damage is done.Netflix (NFLX)Source: xalien / ShutterstockReports have surfaced that Netflix (NASDAQ:NFLX) is planning to raise the price of its ad-free streaming tier once the strike by Hollywood actors ends. Netflix is preparing to hike prices in the U.S. and Canada immediately after the strike ends, and also plans to increase the fees it charges consumers in foreign markets during 2024. The price increases come as Netflix also cracks down on password sharing by subscribers and has introduced paid advertisements to its streaming platform for the first time.While raising prices will bring in more revenue for Netflix, it could also lead to a loss of subscribers worldwide. This would be very damaging for Netflix coming during a period of rising competition and price wars among streaming companies.Additionally, with production in Hollywood now shutdown for six months, there is a dearth of new content on Netflix, a situation that could lead subscribers to wonder what they are paying higher prices for? The move is unlikely to help NFLX stock, which has fallen 16% in the past month. This makes it one of those momentum stocks to sell.General Motors (GM)Source: Katherine Welles / Shutterstock.comSpeaking of strikes, the job action by the United Auto Workers (UAW) union is entering its third week with no end in sight. This is very bad for all the automakers involved, particularly General Motors (NYSE:GM), whose electric vehicle strategy was behind schedule before the strike occurred and is now likely to be thrown into reverse. The full impact of the strike won’t be known for months. However, GM has already said that the targeted strike by the UAW cost it $200 million during this year’s third quarter.In response to the UAW strike, GM has resorted to laying off employees, most recently cutting 120 positions in Parma, Ohio, and Marion, Indiana. The company has also secured itself a $6 billion line of credit in anticipation of a protracted work stoppage and in the event of a full-blown walkout by the union.A negotiated settlement doesn’t appear likely anytime soon with the UAW demanding across the board pay raises of 40% and a return to traditional pension plans. GM stock has declined 8% this year, making it a momentum stock to dump.GameStop (GME)Source: shutterstock.com/EchoVisualsIs Ryan Cohen really the person to save video game retailer GameStop (NYSE:GME)? Not judging by the market’s reaction to news that Cohen has been named the company’s new CEO effective immediately. After initially jumping 10% higher, GME stock has subsequently plunged 17% since Cohen was named to the top job at GameStop. The company’s share price has now declined 23% over the last month. Clearly investors don’t see Cohen as a white knight coming to the rescue of GameStop.The negative reaction is a bit surprising considering that Cohen already serves on GameStop’s board of directors, is one of the company’s largest shareholders, and has refused to take any financial compensation for his expanded role as CEO. Cohen, who made billions from founding online pet retailer Chewy (NYSE:CHWY), first took a position in GME stock in 2020 and joined the board in 2021. His focus as CEO will be revive the retailer’s turn around strategy that is aimed at making GameStop an e-commerce company. Investors seem skeptical. All in all, it’s definitely one of those momentum stocks to sell.","news_type":1},"isVote":1,"tweetType":1,"viewCount":65,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":327189765894224,"gmtCreate":1720913793967,"gmtModify":1720922954301,"author":{"id":"4152496098951332","authorId":"4152496098951332","authorIdStr":"4152496098951332","name":"NealRiggers","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4152496098951332"},"themes":[],"htmlText":"Do journalists no longer have any integrity left? Wow, Trump was clearly shot and was bleeding while being rushed off stage and your headline is \"Gunshots reportedly fired\". Get out of here!","listText":"Do journalists no longer have any integrity left? Wow, Trump was clearly shot and was bleeding while being rushed off stage and your headline is \"Gunshots reportedly fired\". Get out of here!","text":"Do journalists no longer have any integrity left? Wow, Trump was clearly shot and was bleeding while being rushed off stage and your headline is \"Gunshots reportedly fired\". Get out of here!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/327189765894224","repostId":"1155736085","repostType":2,"repost":{"id":"1155736085","pubTimestamp":1720913466,"share":"https://ttm.financial/m/news/1155736085?lang=&edition=fundamental","pubTime":"2024-07-14 07:31","market":"us","language":"en","title":"Trump Is \"Fine\" And Shooter Dead After Chaos Erupts At Rally","url":"https://stock-news.laohu8.com/highlight/detail?id=1155736085","media":"Bloomberg","summary":"Two people have died after gunshots were fired at a Donald Trump rally in Pennsylvania - with the injured former president rushed off stage by armed security.Butler County District attorney told the A","content":"<html><head></head><body><ul style=\"\"><li><p>The shooter and one bystander are dead, Butler County DA says</p></li><li><p>Former president is being checked at local medical facility</p></li></ul><p>Former President Donald Trump is being evaluated at a medical facility but is “fine” after an incident where he was rushed off stage during a rally in Butler, Pennsylvania, his campaign said.</p><p>The shooter is dead, one bystander at the rally also died, and a third person is critically injured, the Butler County district attorney said.</p><p>“President Trump thanks law enforcement and first responders for their quick action during this heinous act,” Trump spokesman Stephen Cheung said in a statement Saturday. “He is fine and is being checked out at a local medical facility. More details will follow.”</p><p>Trump was seen grabbing at his ear after a loud popping noise was heard at the rally. Secret Service agents rushed to the stage, yelling “get down” and formed a circle around the former president.</p><p>After slowly standing up, Trump repeatedly pumped his fist in the air and waved to the crowd before exiting the stage in a ring of agents. He appeared to have blood on his right ear. Other people at the rally also appeared to be injured, according to a person at the event.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/4234a9e4aa232818b0537608c7203fb1\" alt=\"\" title=\"\" tg-width=\"2048\" tg-height=\"1365\"/></p><p>The US Secret Service said in a statement that Trump was safe and that they had implemented protective measures.</p><p>“This is now an active Secret Service investigation and further information will be released when available,” Anthony Guglielmi, a spokesman for the agency said in a post on X.</p><p>Immediately after shots were fired rally attendees dove to the ground, ducking for cover. Police told onlookers to leave the event. Many listened and rushed off, particularly those with kids. Others milled around and there were a couple instances of small fights that broke out between people as they made their way out.</p><p>The incident happened about 6:13 p.m. New York time, just a few minutes after Trump began speaking on stage.</p><p>David McCormick, the former Bridgewater Associates chief executive officer turned Republican Senate candidate, was at the rally.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/3a4289af3df0c3b873e1af569a23ae82\" alt=\"Donald Trump is rushed offstage during a rally.Photo by Anna Moneymaker/Getty Images\" title=\"Donald Trump is rushed offstage during a rally.Photo by Anna Moneymaker/Getty Images\" tg-width=\"3726\" tg-height=\"2484\"/><span>Donald Trump is rushed offstage during a rally.Photo by Anna Moneymaker/Getty Images</span></p><p>President Joe Biden said he was “grateful” to hear Trump was “safe and doing well.”</p><p>“I’m praying for him and his family and for all those who were at the rally, as we await further information,” Biden said. “Jill and I are grateful to the Secret Service for getting him to safety. There’s no place for this kind of violence in America. We must unite as one nation to condemn it.”</p><p>Biden was briefed on the incident by Secret Service Director Kimberly Cheatle, Department of Homeland Security Secretary Alejandro Mayorkas, and Homeland Security Advisor Liz Sherwood-Randall. The president’s chief of staff and other aides also participated in the briefing.</p><p>Trump was visiting swing-state Pennsylvania for his last rally before the Republican National Convention begins on Monday, and as he is preparing to announce his vice presidential pick.</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>Trump Is \"Fine\" And Shooter Dead After Chaos Erupts At Rally</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\">\nTrump Is \"Fine\" And Shooter Dead After Chaos Erupts At Rally\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-14 07:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-07-13/trump-rushed-off-stage-at-pennsylvania-rally><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The shooter and one bystander are dead, Butler County DA saysFormer president is being checked at local medical facilityFormer President Donald Trump is being evaluated at a medical facility but is “...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-07-13/trump-rushed-off-stage-at-pennsylvania-rally\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DJT":"特朗普媒体科技集团"},"source_url":"https://www.bloomberg.com/news/articles/2024-07-13/trump-rushed-off-stage-at-pennsylvania-rally","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155736085","content_text":"The shooter and one bystander are dead, Butler County DA saysFormer president is being checked at local medical facilityFormer President Donald Trump is being evaluated at a medical facility but is “fine” after an incident where he was rushed off stage during a rally in Butler, Pennsylvania, his campaign said.The shooter is dead, one bystander at the rally also died, and a third person is critically injured, the Butler County district attorney said.“President Trump thanks law enforcement and first responders for their quick action during this heinous act,” Trump spokesman Stephen Cheung said in a statement Saturday. “He is fine and is being checked out at a local medical facility. More details will follow.”Trump was seen grabbing at his ear after a loud popping noise was heard at the rally. Secret Service agents rushed to the stage, yelling “get down” and formed a circle around the former president.After slowly standing up, Trump repeatedly pumped his fist in the air and waved to the crowd before exiting the stage in a ring of agents. He appeared to have blood on his right ear. Other people at the rally also appeared to be injured, according to a person at the event.The US Secret Service said in a statement that Trump was safe and that they had implemented protective measures.“This is now an active Secret Service investigation and further information will be released when available,” Anthony Guglielmi, a spokesman for the agency said in a post on X.Immediately after shots were fired rally attendees dove to the ground, ducking for cover. Police told onlookers to leave the event. Many listened and rushed off, particularly those with kids. Others milled around and there were a couple instances of small fights that broke out between people as they made their way out.The incident happened about 6:13 p.m. New York time, just a few minutes after Trump began speaking on stage.David McCormick, the former Bridgewater Associates chief executive officer turned Republican Senate candidate, was at the rally.Donald Trump is rushed offstage during a rally.Photo by Anna Moneymaker/Getty ImagesPresident Joe Biden said he was “grateful” to hear Trump was “safe and doing well.”“I’m praying for him and his family and for all those who were at the rally, as we await further information,” Biden said. “Jill and I are grateful to the Secret Service for getting him to safety. There’s no place for this kind of violence in America. We must unite as one nation to condemn it.”Biden was briefed on the incident by Secret Service Director Kimberly Cheatle, Department of Homeland Security Secretary Alejandro Mayorkas, and Homeland Security Advisor Liz Sherwood-Randall. The president’s chief of staff and other aides also participated in the briefing.Trump was visiting swing-state Pennsylvania for his last rally before the Republican National Convention begins on Monday, and as he is preparing to announce his vice presidential pick.","news_type":1},"isVote":1,"tweetType":1,"viewCount":14,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":224794142756880,"gmtCreate":1695959706171,"gmtModify":1695961717615,"author":{"id":"4152496098951332","authorId":"4152496098951332","authorIdStr":"4152496098951332","name":"NealRiggers","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4152496098951332"},"themes":[],"htmlText":"Whoever wrote this article clearly has no idea what they're talking about hahah! It's an embarrassment to even publish such articles. Whoever i short GME is coming out strong after the movie Dumb Money is expected to raise people's interest in the stock again.&nbsp;","listText":"Whoever wrote this article clearly has no idea what they're talking about hahah! It's an embarrassment to even publish such articles. Whoever i short GME is coming out strong after the movie Dumb Money is expected to raise people's interest in the stock again.&nbsp;","text":"Whoever wrote this article clearly has no idea what they're talking about hahah! It's an embarrassment to even publish such articles. Whoever i short GME is coming out strong after the movie Dumb Money is expected to raise people's interest in the stock again.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/224794142756880","repostId":"2371220700","repostType":2,"repost":{"id":"2371220700","pubTimestamp":1695957000,"share":"https://ttm.financial/m/news/2371220700?lang=&edition=fundamental","pubTime":"2023-09-29 11:10","market":"us","language":"en","title":"GameStop's Demise Assured With New CEO, Wedbush Says; Cohen Calls for \"Extreme Frugality\"","url":"https://stock-news.laohu8.com/highlight/detail?id=2371220700","media":"Seeking Alpha","summary":"GameStop (NYSE:GME) will continue its path to oblivion with its new and unimpressive leadership, Wedbush said.Shares dropped 1.8% on Thursday afternoon.The video game retailer announced the appointmen","content":"<html><head></head><body><p>GameStop (NYSE:GME) will continue its path to oblivion with its new and unimpressive leadership, Wedbush said.</p><p>Shares dropped 1.8% on Thursday afternoon.</p><p>The video game retailer announced the appointment of Chair Ryan Cohen on Thursday as chief executive officer after Matthew Furlong was terminated in June. Cohen, who will not receive compensation for the job, founded Chewy (CHWY).</p><p>&#34;The appointment of the controlling shareholder reflects the difficulty GameStop has had in attracting competent executives,&#34; analysts Michael Pachter and Nick McKay wrote in a September 28 note.</p><p>Cohen was elected to the position by the board of directors, which consist mainly of colleagues from CHWY, &#34;suggesting that his appointment was more of a coronation by his believers.&#34;</p><p>GameStop (GME) shares have been subject to the trend of meme stocks, surging and dropping dramatically as investors react to social media. The company&#39;s revenue has been shrinking as video games move online without the requirement of physical consoles and game cartridges.</p><p>Shares are down 38% over the past 12 months.</p><p>Wedbush noted that executives at GME have not stuck around long and &#34;We are unaware of any recruiting activity, and can only surmise that the company could not convince any competent replacements to jump onto the sinking ship. The lack of clear direction and the callous termination of Mr. Furlong all but ensures that Mr. Cohen will have difficulty in surrounding himself with competent colleagues going forward.&#34;</p><p>The firm also said GME&#39;s initiatives have failed &#34;spectacularly,&#34; including an effort to &#34;be like Amazon” and the recruitment of since departed Amazon.com (AMZN) executives. The company has also &#34;made no progress whatsoever in growing sales.&#34;</p><h2 id=\"id_903167491\">Welcome to oblivion</h2><p>&#34;With no experienced retail executives to advise him, we suspect that GameStop will continue its path to oblivion,&#34; the analysts said. &#34;We remain convinced that GameStop is doomed, as declining physical software sales and a shift of sales to subscriptions and digital downloads seal its fate.&#34;</p><p>The Wedbush analysts have an Underperform on the stock, which has little other Wall Street coverage.</p><p>&#34;Mr. Cohen has no significant experience managing a physical retailer, and we are skeptical that he was GameStop’s first choice for its CEO. With no path to a turnaround and the inevitable migration of physical software sales to digital downloads, we think Mr. Cohen’s appointment ensures GameStop’s demise.&#34;</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>GameStop's Demise Assured With New CEO, Wedbush Says; Cohen Calls for \"Extreme Frugality\"</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\">\nGameStop's Demise Assured With New CEO, Wedbush Says; Cohen Calls for \"Extreme Frugality\"\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-09-29 11:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4016429-gamestops-demise-assured-new-ceo-wedbush><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>GameStop (NYSE:GME) will continue its path to oblivion with its new and unimpressive leadership, Wedbush said.Shares dropped 1.8% on Thursday afternoon.The video game retailer announced the ...</p>\n\n<a href=\"https://seekingalpha.com/news/4016429-gamestops-demise-assured-new-ceo-wedbush\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","LU0011850046.USD":"贝莱德全球长线股票 A2 USD","LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","BK4507":"流媒体概念","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","LU0097036916.USD":"贝莱德美国增长A2 USD","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","BK4566":"资本集团","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU0276348264.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN\"AUP\" (USD) INC","BK4524":"宅经济概念","LU0149725797.USD":"汇丰美国股市经济规模基金","BK4577":"网络游戏","BK4527":"明星科技股","BK4559":"巴菲特持仓","BK4579":"人工智能","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","BK4550":"红杉资本持仓","GME":"游戏驿站","LU0211328371.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (MDIS) (USD)   INC","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","BK4503":"景林资产持仓","BK4076":"电脑与电子产品零售","BK4588":"碎股","BK4122":"互联网与直销零售","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","LU0289941410.SGD":"AB FCP I Dynamic Diversified AX SGD","BK4551":"寇图资本持仓","BK4561":"索罗斯持仓","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU0238689110.USD":"贝莱德环球动力股票基金","BK4581":"高盛持仓","LU0456855351.SGD":"JPMorgan Funds - Global Equity A (acc) SGD","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","BK4200":"专卖店","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","BK4585":"ETF&股票定投概念","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0109392836.USD":"富兰克林科技股A","BK4592":"伊斯兰概念"},"source_url":"https://seekingalpha.com/news/4016429-gamestops-demise-assured-new-ceo-wedbush","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2371220700","content_text":"GameStop (NYSE:GME) will continue its path to oblivion with its new and unimpressive leadership, Wedbush said.Shares dropped 1.8% on Thursday afternoon.The video game retailer announced the appointment of Chair Ryan Cohen on Thursday as chief executive officer after Matthew Furlong was terminated in June. Cohen, who will not receive compensation for the job, founded Chewy (CHWY).\"The appointment of the controlling shareholder reflects the difficulty GameStop has had in attracting competent executives,\" analysts Michael Pachter and Nick McKay wrote in a September 28 note.Cohen was elected to the position by the board of directors, which consist mainly of colleagues from CHWY, \"suggesting that his appointment was more of a coronation by his believers.\"GameStop (GME) shares have been subject to the trend of meme stocks, surging and dropping dramatically as investors react to social media. The company's revenue has been shrinking as video games move online without the requirement of physical consoles and game cartridges.Shares are down 38% over the past 12 months.Wedbush noted that executives at GME have not stuck around long and \"We are unaware of any recruiting activity, and can only surmise that the company could not convince any competent replacements to jump onto the sinking ship. The lack of clear direction and the callous termination of Mr. Furlong all but ensures that Mr. Cohen will have difficulty in surrounding himself with competent colleagues going forward.\"The firm also said GME's initiatives have failed \"spectacularly,\" including an effort to \"be like Amazon” and the recruitment of since departed Amazon.com (AMZN) executives. The company has also \"made no progress whatsoever in growing sales.\"Welcome to oblivion\"With no experienced retail executives to advise him, we suspect that GameStop will continue its path to oblivion,\" the analysts said. \"We remain convinced that GameStop is doomed, as declining physical software sales and a shift of sales to subscriptions and digital downloads seal its fate.\"The Wedbush analysts have an Underperform on the stock, which has little other Wall Street coverage.\"Mr. Cohen has no significant experience managing a physical retailer, and we are skeptical that he was GameStop’s first choice for its CEO. With no path to a turnaround and the inevitable migration of physical software sales to digital downloads, we think Mr. Cohen’s appointment ensures GameStop’s demise.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":65,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":221745887113312,"gmtCreate":1695173848495,"gmtModify":1695174223212,"author":{"id":"4152496098951332","authorId":"4152496098951332","authorIdStr":"4152496098951332","name":"NealRiggers","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4152496098951332"},"themes":[],"htmlText":"Bullish&nbsp;","listText":"Bullish&nbsp;","text":"Bullish","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/221745887113312","repostId":"2368134466","repostType":2,"repost":{"id":"2368134466","pubTimestamp":1695173635,"share":"https://ttm.financial/m/news/2368134466?lang=&edition=fundamental","pubTime":"2023-09-20 09:33","market":"us","language":"en","title":"Nio Crashed Over 12% in Hong Kong and Singapore Markets After Raising $1 Billion in Convertible Bond Deal","url":"https://stock-news.laohu8.com/highlight/detail?id=2368134466","media":"StreetInsider","summary":"Nio Inc said on Wednesday it had raised $1 billion in a two-tranche convertible bond from which it intends to use the proceeds to pay down debt and strengthen its balance sheet.The company raised $500","content":"<html><head></head><body><p>Nio Inc said on Wednesday it had raised $1 billion in a two-tranche convertible bond from which it intends to use the proceeds to pay down debt and strengthen its balance sheet.</p><p>The company raised $500 million in a six-year put-four convertible bond and the same amount in a seven-year put-five bond.</p><p>The bonds will be senior, unsecured notes. The shorter dated bond has a 3.875% interest rate, while the seven year bond&#39;s rate is 4.625%, Nio said in a Hong Kong Stock Exchange announcement.</p><p>&#34;The company plans to use a portion of the net proceeds from the notes offering to repurchase a portion of the existing debt securities ... and the remainder mainly to further strengthen its balance sheet position as well as for general corporate purposes,&#34; the company said.</p><p>Nio said in late August it planned to launch its first self-development mobile telephone later this month to improve the appeal of its cars with better software and connectivity.</p><p>Nio posted a net loss of 6.12 billion yuan ($839.51 million) in the second quarter, versus a loss of 2.75 billion yuan in the corresponding period a year ago.</p><p>It crashed over 12% in Hong Kong and Singapore markets on Wednesday. Its shares in US markets tumbled 17.07% during the trading hours but rebounded 1.75% in extended trading on Tuesday</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b21abcb85c92e632b064a06659e0d2b7\" title=\"\" tg-width=\"603\" tg-height=\"612\"/></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7a08af6888856d4e9e6adea6e95dc8ae\" title=\"\" tg-width=\"607\" tg-height=\"608\"/></p></body></html>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nio Crashed Over 12% in Hong Kong and Singapore Markets After Raising $1 Billion in Convertible Bond Deal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNio Crashed Over 12% in Hong Kong and Singapore Markets After Raising $1 Billion in Convertible Bond Deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-09-20 09:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=22178848><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nio Inc said on Wednesday it had raised $1 billion in a two-tranche convertible bond from which it intends to use the proceeds to pay down debt and strengthen its balance sheet.The company raised $500...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=22178848\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09866":"蔚来-SW","NIO":"蔚来","NIO.SI":"蔚来"},"source_url":"https://www.streetinsider.com/dr/news.php?id=22178848","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2368134466","content_text":"Nio Inc said on Wednesday it had raised $1 billion in a two-tranche convertible bond from which it intends to use the proceeds to pay down debt and strengthen its balance sheet.The company raised $500 million in a six-year put-four convertible bond and the same amount in a seven-year put-five bond.The bonds will be senior, unsecured notes. The shorter dated bond has a 3.875% interest rate, while the seven year bond's rate is 4.625%, Nio said in a Hong Kong Stock Exchange announcement.\"The company plans to use a portion of the net proceeds from the notes offering to repurchase a portion of the existing debt securities ... and the remainder mainly to further strengthen its balance sheet position as well as for general corporate purposes,\" the company said.Nio said in late August it planned to launch its first self-development mobile telephone later this month to improve the appeal of its cars with better software and connectivity.Nio posted a net loss of 6.12 billion yuan ($839.51 million) in the second quarter, versus a loss of 2.75 billion yuan in the corresponding period a year ago.It crashed over 12% in Hong Kong and Singapore markets on Wednesday. Its shares in US markets tumbled 17.07% during the trading hours but rebounded 1.75% in extended trading on Tuesday","news_type":1},"isVote":1,"tweetType":1,"viewCount":209,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":215031844274336,"gmtCreate":1693535029112,"gmtModify":1693536409501,"author":{"id":"4152496098951332","authorId":"4152496098951332","authorIdStr":"4152496098951332","name":"NealRiggers","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4152496098951332"},"themes":[],"htmlText":"Sofi is an undervalued stock. Clear winner in Fintec space for 2023.","listText":"Sofi is an undervalued stock. Clear winner in Fintec space for 2023.","text":"Sofi is an undervalued stock. Clear winner in Fintec space for 2023.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/215031844274336","repostId":"2364173542","repostType":2,"repost":{"id":"2364173542","pubTimestamp":1693534437,"share":"https://ttm.financial/m/news/2364173542?lang=&edition=fundamental","pubTime":"2023-09-01 10:13","market":"us","language":"en","title":"SoFi Is Digging A Wider Moat","url":"https://stock-news.laohu8.com/highlight/detail?id=2364173542","media":"Seeking Alpha","summary":"Are they carving out a defensible niche and creating differentiated products that lead to better outcomes?Is there an inherent network effect being created or a superior brand being built?","content":"<html><head></head><body><ul style=\"\"><li><p>SoFi&#39;s moat is expanding as they execute their all-in-one financial app strategy and differentiate themselves from competitors.</p></li><li><p>SoFi is experiencing strong deposit and member growth at decreasing customer acquisition costs.</p></li><li><p>SoFi&#39;s lending moat is expanding through superior availability of funding, choosing resilient borrowers, and better underwriting, resulting in consistent and sustainable growth.</p></li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2df8ff0e277f177c1125a30a75793fa1\" alt=\"tamara_kulikova\" title=\"tamara_kulikova\" tg-width=\"750\" tg-height=\"507\"/><span>tamara_kulikova</span></p><p>A common refrain I still hear from people who do not think SoFi (NASDAQ:SOFI) is a good investment is that there is significant competition and that SoFi does not have a moat. If a business doesn&#39;t have a moat, it means there are low barriers to entry, anybody can just copy the business, and it is impossible to build a business that outperforms competitors. I previously discussed both SoFi&#39;s consumer-facing moat as well as their technology moat. After their strong 2Q23 results, it is an excellent time to revisit this discussion.</p><p>With the rare exception of heavy patent protection, a moat takes time to dig and fill with water. Moats aren&#39;t just bestowed by the investing gods, they are built through exceptional execution. What determines whether SoFi will be &#34;just a bank&#34; or the &#34;winner take most in the fintech space&#34; is their execution.</p><p>This leads to one of the core tenants of my examination of a company&#39;s moat. While the size of the moat is very important, sometimes what is more important is whether the moat is expanding or contracting. Is the business executing in such a way that their competitive advantages are expanding relative to their peers? Are they carving out a defensible niche and creating differentiated products that lead to better outcomes? Is there an inherent network effect being created or a superior brand being built? Those are hard questions to answer directly, but the results invariably show up in the numbers.</p><p>SoFi CEO Anthony Noto is fond of saying that when he joined in 2018 that everyone was talking about being an all-in-one financial app, but that SoFi is the only company who has actually done it. However, up to this point, SoFi&#39;s moat has been mostly theoretical. They say a one-stop shop should allow for a better experience and cross selling. They argue that it will increase user engagement and drive greater lifetime value from their members. Essentially, it should make SoFi&#39;s results differentiated from their competitors. The data are showing that to be the case. The moat is expanding.</p><h2 id=\"id_1069397527\">Financial Services Outperformance</h2><h3 id=\"id_4229188794\">Deposits</h3><p>SoFi has a focus on getting new members to move their direct deposit to SoFi. That is because the bank where you send your direct deposit is almost always your primary bank, and your primary bank is where you keep most of your money. Here is what was said on the earnings call about deposit growth:</p><blockquote><p>From a balance sheet perspective, our unique value proposition in SoFi continues to fuel high-quality deposits, that increased by $2.7 billion sequentially and we ended the quarter with nearly $12.7 billion in deposits. Importantly, more than 90% of our consumer deposits are from sticky direct deposit members, and nearly 98% of our deposits are insured.</p></blockquote><p>Big deal, SoFi is getting a lot of deposits because it&#39;s offering a high APY on their savings account (4.5% at the time of writing), right? Ally (ALLY) currently gives 4.25%, <a href=\"https://laohu8.com/S/LC\">LendingClub</a> (LC) clocks in at 4.5%, Discover (DFS) is at 4.3%. SoFi and LendingClub are equal now, but LendingClub actually had higher APY than SoFi for the entirety of 2Q23. If it all came down to APY, LendingClub should have been the biggest winner, and all the others should have also seen significant deposit growth. Credit to Vadim Kotlarov for this graphic.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f2803541c21851da89262a319f84d69b\" alt=\"Quarterly deposit growth of large neobanks (Vadim Kotlarov)\" title=\"Quarterly deposit growth of large neobanks (Vadim Kotlarov)\" tg-width=\"1280\" tg-height=\"767\"/><span>Quarterly deposit growth of large neobanks (Vadim Kotlarov)</span></p><p>Every neobank has seen deposit growth over the past year as they&#39;ve been taking customers away from incumbent banks by offering higher APYs than the likes of JPMorgan (JPM), Wells Fargo (WFC), and Citigroup (C). However, peak deposit growth for most neobanks was 4Q22 and they&#39;ve all seen a steep drop in growth thereafter. There is one exception. SoFi&#39;s deposit growth has continued to accelerate. LendingClub even saw deposits shrink in the last quarter despite offering higher rates that SoFi the entire quarter.</p><p>When I see a definitive trend reversal like that across an entire industry with one outlier who bucks that trend, I take note. Especially when on the face of it there is no reason for it. It isn&#39;t like SoFi gave higher APY or even higher signup bonuses during these last two quarters than before. They didn&#39;t increase marketing spend, as we&#39;ll see in a second, they just outperformed the competition because of something innate about the product. This is a testament to the fact that their product is differentiating itself in other, less obvious ways. This is what a moat looks like.</p><h3 id=\"id_3633727029\">Member growth at low customer acquisition cost</h3><p>SoFi is paying less in customer acquisition costs (CAC) than they have in well over a year while simultaneously adding more members than they ever have before. As CEO Anthony Noto&#39;s described it in the earnings call:</p><blockquote><p>And I think this quarter is the first quarter that I can say, I feel really confident the flywheel is working. And what I mean by that is, we&#39;re seeing efficiencies in our customer acquisition cost. And those efficiencies are really more correlated with the unaided brand awareness being increased in addition to the fact that our marketing and product teams are iterating every day through technology and content information analytics to drive those efficiencies. […] It&#39;s the holistic approach that we&#39;ve taken over the last 5.5 years that is really starting to pay off in the quarter and as we look into Q3 as well.</p></blockquote><p>I love that he said that this trend is continuing into Q3 as well. One quarter of lower CAC and high member adds is not definitive proof that they truly have turned a corner. However, the increase in brand awareness they highlighted in the earnings call also provides data that supports this trend. If CAC can stay low as quarterly new members climb, it would be another piece of evidence that the moat is growing.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/96efb1517b570858584a16cc29185e96\" alt=\"SoFi quarterly customer acquisition cost (Author)\" title=\"SoFi quarterly customer acquisition cost (Author)\" tg-width=\"1280\" tg-height=\"751\"/><span>SoFi quarterly customer acquisition cost (Author)</span></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b7b14fcdc483a606a99c11337df8bee5\" alt=\"SoFi quarterly new member growth (Author)\" title=\"SoFi quarterly new member growth (Author)\" tg-width=\"1280\" tg-height=\"668\"/><span>SoFi quarterly new member growth (Author)</span></p><h2 id=\"id_1280508113\">Lending Outperformance</h2><p>Last November I wrote that SoFi was pulling away from LendingClub and Upstart (UPST), the two other fintech companies who operate primarily in the fintech lending space. All three of them, at the moment, rely on personal loans as their main source of revenue and income. They all compete for borrowers and selling loans to the same debt investors. I&#39;ll provide a little more nuance into the different business models below, but I think the performance of these three companies since that article proves my analysis at the time was prescient. The differentiation of SoFi from its competitors is only getting more obvious over time.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f4d341f75258aaa82085e6b9872e1804\" alt=\"Quarterly revenue of SoFi, LendingClub, and Upstart (Author)\" title=\"Quarterly revenue of SoFi, LendingClub, and Upstart (Author)\" tg-width=\"1280\" tg-height=\"762\"/><span>Quarterly revenue of SoFi, LendingClub, and Upstart (Author)</span></p><h3 id=\"id_2980793418\">Macro Backdrop</h3><p>All three of these fintech businesses have to deal with a supply and demand issues on two fronts. On one front, they are offering to lend money to those who want a personal loan. These potential customers may be trying to refinance high variable rate credit card debt into lower fixed rate personal loans, renovating their house, financing solar panels, or any other reason. I&#39;ll refer to this as borrower demand, and it is extremely strong right now. People are looking at their credit card statements, feeling the pain, and seeking to refinance that variable rate debt into a lower fixed rate.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1b6140668228491a15e41a5d74f82c3e\" alt=\"How borrower demand and investor demand affect lenders (Author)\" title=\"How borrower demand and investor demand affect lenders (Author)\" tg-width=\"1121\" tg-height=\"521\"/><span>How borrower demand and investor demand affect lenders (Author)</span></p><p>On the other side of the equation are debt investors. These are banks and asset managers such as hedge funds, sovereign wealth funds, pension funds, etc. These are the entities that buy loans from companies like SoFi, LendingClub, and Upstart. All three of these companies sell loans to these debt investors, and depend on them for liquidity and, to an extent, their revenue and profits. I&#39;ll refer to this as investor demand, and right now it is weak. As a result of the banking crisis, most banks are actively looking to offload assets like personal loans to decrease their risk profiles and increase liquidity. Bank demand for personal loans is very low and in fact they are selling loans. This results in excess supply of assets at the moment. Asset managers are happy to step in, but the increase in supply means that they can be very picky about the pricing and the quality of the loans they are purchasing. The result is that investor demand is very weak right now.</p><h3 id=\"id_110072310\">Business Model Differences</h3><p>I like to give context for my analysis, so let&#39;s briefly review the similarities and differences between SoFi, LendingClub, and Upstart</p><h4 id=\"id_4118649987\">Upstart</h4><p>Upstart&#39;s target market is near prime and subprime candidates whom Upstart believes are higher quality borrowers than their FICO score would indicate. They do not disclose the average FICO score of the loans they fund or refer to their partners. Upstart, for the most part, tries not to hold loans on the balance sheet. They use their machine learning algorithm to determine credit worthiness and approve or deny the loan at a given APR. The majority of their revenue comes from fees they charge up front for finding and approving the loan. They let someone else hold the loan, collect interest, and take the default risk.</p><p>Upstart has two cohorts of buyers of their loans, partner banks and the asset managers mentioned above. Partner banks can use Upstart as the de facto credit check service for their own customers and also can house loans that Upstart approves through its platform. They grew originations like crazy during the zero interest rate policy (ZIRP) days. However, Upstart immediately ran into issues as soon as rates started to increase. Origination growth was only positive 1Q22 because Upstart stepped in and used their balance sheet to fund loans. While they have continued to use their balance sheet, it hasn&#39;t been enough and demand to buy their loans has completely collapsed. Originations plummeted for 4 straight quarters before seeing a slight uptick in 2Q23.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4bf3b2b2c713814547e9a911aebb6a96\" alt=\"Upstart Quarterly Originations (Author)\" title=\"Upstart Quarterly Originations (Author)\" tg-width=\"1280\" tg-height=\"791\"/><span>Upstart Quarterly Originations (Author)</span></p><h4 id=\"id_753734590\">LendingClub</h4><p>LendingClub targets near-prime, prime, and prime plus customers who are serial users of credit. For loans they hold on their own balance sheet, as of 4Q22, the average FICO score was 729 and the average income was $116,000. The entire servicing portfolio, which includes loans they&#39;ve sold to others, had an average FICO of 717 and average income of $113,000 at that same time. They stopped disclosing those numbers in 2023.</p><p>LendingClub also has two cohorts for the loans they originate. The first is themselves. LendingClub is a bank and takes a portion of their loans and puts them in their &#34;Loans Held for Investment&#34; (HFI) portfolio. These are loans that LendingClub intends to hold on their books through maturity. The remaining loans are sold on what they refer to as their marketplace, which is comprised of the same type of debt investors referred to above. So they have a pretty steady rate at which they add loans to their own HFI portfolio as the existing loans are paid off, and then a variable amount of loans they sell on top of that. The amount of variable loans they sell fluctuates, but right now it is limited by investor demand from their marketplace.</p><p>In their 2Q22 earnings call, LendingClub warned that the marketplace demand might soften as rates rise. CEO Scott Sanborn explained, &#34;For certain investors, their funding costs will move based on the forward curve, meaning where the fed is expected to go. These investors are seeking more yield to cover their increased costs.&#34; Investor costs move with where people <em>expect</em> rates to go, so their costs went up faster than the actual funds rates. LendingClub&#39;s loan pricing, by their own admission, lags the Fed Funds rate hikes by at least a few months. Investors were getting squeezed with higher costs now but the loans they were buying did not yet have higher interest rates to offset those costs.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/524146c7defbe38ec9c332cf2eae6fb1\" alt=\"LendingClub Quarterly Originations (Author)\" title=\"LendingClub Quarterly Originations (Author)\" tg-width=\"1280\" tg-height=\"791\"/><span>LendingClub Quarterly Originations (Author)</span></p><p>This is exactly what happened. During 3Q22, marketplace originations dropped 15% from $2.82B to $2.39B, correspondingly dropping their revenue from those loans from $213.8M to $181.2M. This drop in marketplace originations has continued every quarter for the past year. Part of the reason for the marketplace drop is because they keep the highest quality prime and prime plus loans their HFI portfolio and sell the lower quality prime and near prime loans to investors.</p><h4 id=\"id_4159406683\">SoFi</h4><p>Now let&#39;s move on to SoFi. SoFi employs a slightly different model to Upstart and LendingClub. Rather than have two separate cohorts for their loans, SoFi holds all originated loans on their own balance sheet for a period of time before selling them on to debt investors. They previously guided for 6-7 months holding period, but right now they&#39;ve been holding them much longer because of the weakness in investor demand. In this way, SoFi&#39;s balance sheet acts more like a shock absorber, giving them liquidity and optionality. SoFi can absorb or release loans as needed. As CEO Anthony Noto put it previously:</p><blockquote><p>We run to where the opportunity is. And in some quarters, that opportunity may be driven by being able to raise WACC. In some quarters, the opportunity would be driven by a really strong securitization market. And some quarters are going to be driven by a really strong wholesale market.</p></blockquote><p>Right now, the opportunity lies in gobbling up market share of their core target demographic - high-earning, high-quality customers not well served by the current banking system. As Upstart and LendingClub are slowing originations, SoFi has continued to increase them. In 1Q22, SoFi was only originating less than 2/3 the volume of personal loans as LendingClub and less than half the volume of Upstart. Now they are originating a little under double LendingClub and more than triple Upstart.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/628becf650dc648362042e5cb213c57d\" alt=\"SoFi Quarterly Originations (Author)\" title=\"SoFi Quarterly Originations (Author)\" tg-width=\"1280\" tg-height=\"791\"/><span>SoFi Quarterly Originations (Author)</span></p><p>SoFi&#39;s borrowers are also the most affluent and highest quality of the three companies. Their personal loan borrowers have an average FICO of 745 and an average income of $164,000. Furthermore, SoFi has actually been front-running the fed&#39;s interest rate hikes. They raised the APR they charge their borrowers faster than the Fed hiked rates and faster than their competitors. They could do this because of the the strong demand caused by their network effects. Raising rates faster than competitors and simultaneously increasing originations is a differentiated result. Their key underwriting variable is cash flow, because they want to make sure that borrowers have excess monthly cash flow to cover their loan payment.</p><h3 id=\"id_267165097\">Why SoFi is Winning</h3><p>All three of these companies have a ton of borrower demand at the moment, so that does not explain the discrepancy in originations. SoFi is proving their lending moat is expanding in three ways: superior availability of funding, choosing resilient customers, and better underwriting.</p><h4 id=\"id_1566674250\">Availability of Funding</h4><p>LC underwent origination growth in 2021 and 2022 after receiving their bank charter in December 2020. However, their marketplace originations have tanked in 2022 and 2023 because of rising rates and tightening credit as described above. They do not leave room on the balance sheet to absorb any fluctuations in investor demand, so marketplace originations boom and bust in real time with fluctuations in investor demand.</p><p>Upstart has virtually no control over their funding sources, so they are almost completely dependent on the whims of the economic environment. LC has been able to maintain some stability in originations because they hold a portion in the bank to maturity and can replace those as they hit their term. When demand from banks and asset managers for new loans dries up, Upstart gets hit the hardest. They have had to give preferential pricing and take on extra risk to supplement volumes in hard times. It is not a durable business through a full market cycle. Upstart the most cyclical of the three businesses.</p><p>SoFi got their bank charter in 1Q22. They have had significantly more flexibility to add loans to their balance sheet throughout 2022 and 2023 because they are the funding source. It&#39;s part of the plan to be vertically integrated across the entire business and own the whole process.</p><p>SoFi&#39;s business model to hold loans on the balance sheet for a variable amount of time and then selling them when the economics make sense appears to have given them the most flexibility to combat the economic turmoil caused by the rapidly rising rate environment. It even compares favorably to LC&#39;s business model even though both have bank charters. The timing of the bank charter was also fortuitous, no doubt about it, and has allowed them to continue scaling because they had plenty of room on the balance sheet to hold their own loans. However, I would argue that the business model is still superior because of the extra flexibility it gives them. Business model and execution are part of SoFi&#39;s expanding moat.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/73a36a8bf7ed59eeff30de3d0652e587\" alt=\"SoFi, LC, and UPST quarterly originations (Author)\" title=\"SoFi, LC, and UPST quarterly originations (Author)\" tg-width=\"1280\" tg-height=\"791\"/><span>SoFi, LC, and UPST quarterly originations (Author)</span></p><h4 id=\"id_1961190739\">Resilient Borrowers</h4><p>SoFi&#39;s decision to only loan to affluent and high quality borrowers is a part of the business model that makes them resilient. SoFi could easily have loosened credit standards in the easy money ZIRP days. They did not. Instead, they deliberately built a robust business model that can grow through an entire cycle. LC and Upstart leaned into lending to lower quality borrowers during the ZIRP days to boost growth, but as investor demand pulled back, they have been forced to move up the value chain to higher quality borrowers.</p><p>SoFi was already focused on a higher quality pool of borrowers and has not seen their potential clientele shrink in the same way. In fact, SoFi&#39;s all-in-one platform has attracted record members. This has allowed them to grow originations more than 6x from $614M in 4Q20 to $3.7B in the most recent quarter without compromising on credit quality.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9ccf2083be0f9b615beab903a67c66e3\" alt=\"SoFi total members by quarter (Author)\" title=\"SoFi total members by quarter (Author)\" tg-width=\"1280\" tg-height=\"665\"/><span>SoFi total members by quarter (Author)</span></p><p>SoFi chose an antifragile business model and it has resulted in consistent and sustainable growth through the significant headwinds that all three businesses have faced in the last year and a half. That means they are now far and away the market share leader in the fintech personal lending space, and even more so in their credit box. This gives them an advantage to maintain that position moving forward. When the credit cycle turns and demand returns, they will be in position to ramp originations to maintain their place as the leader, selling loans as required at a profit to facilitate the increasing volumes.</p><h4 id=\"id_1430670091\">Better Underwriting</h4><p>SoFi&#39;s credit outcomes are demonstrably better. The first reason for this dovetails with their resilient clientele. Higher quality borrowers hold up better in adverse economic conditions. Deliberately targeting that cohort of borrowers was a choice that is now paying dividends for the business.</p><p>Upstart publishes what they refer to as their Upstart Macro Index or UMI. It gives a value that predicts how many of their borrowers will default on their loans relative to historical norms. If default rates are normal, UMI is 1. If loans are overperforming because of the macro environment (e.g. the government gave out a bunch of stimulus checks), UMI is less than 1. If loans are underperforming (e.g. stimulus stops and inflation is at 40 year highs), the UMI is above 1. UMI has literally never been higher than it is today. Upstart&#39;s borrowers are defaulting 70% more often than normal.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8d1777959526aee614eca96a0e090559\" alt=\"Upstart Macro Index (Upstart)\" title=\"Upstart Macro Index (Upstart)\" tg-width=\"640\" tg-height=\"442\"/><span>Upstart Macro Index (Upstart)</span></p><p>SoFi outperforming Upstart is to be expected as affluent customers are more resilient. That does not explain how SoFi is seeing lower defaults than before the pandemic. LC&#39;s borrowers are ostensibly in the same credit box at SoFi, yet LC borrowers defaults crossed over prepandemic levels in 1Q23. SoFi just reiterated again in their 2Q23 earnings call that their credit outcomes are <em>still</em> better than they were before the pandemic. Not only that but their default rates actually <em>decreased</em> between 1Q23 and 2Q23.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c6141d02685175b3f7b005ee796011b6\" alt=\"SoFi Personal Loan Default Rate (Author)\" title=\"SoFi Personal Loan Default Rate (Author)\" tg-width=\"1280\" tg-height=\"700\"/><span>SoFi Personal Loan Default Rate (Author)</span></p><p>I do not know of a single lender of any type - bank, fintech, or otherwise - who can make that same claim. SoFi&#39;s underwriting is best in class and leads to better credit outcomes. This is what a moat looks like. When SoFi&#39;s balance sheet does eventually fill, it stands to reason that their superior credit outcomes and higher rates charged on their loans should allow them to find buyers for their loans easier than competitors. This is a claim that cannot yet be proven with data, but we can track in the coming quarters. LC did mention in their earnings call that the one bright spot for investor demand is for their seasoned prime personal loans. That just so happens to be exactly the type of loans SoFi has in abundance.</p><h2 id=\"id_4286215100\">The moat is expanding</h2><p>Exceptional companies differentiate themselves in the hard times. The data supports the argument that SoFi really is building a business that is better than its peers. SoFi has a robust business model built on a more resilient client base. They utilize superior underwriting. They are continuing to accelerate deposit growth. Essentially, they offer an all-in-one platform that is taking market share for banking and lending. That has led to better outcomes in hard times. I think the evidence makes those statements undeniably true. When the headwinds slow, differentiated results will continue to separate them from competitors. The moat is getting deeper and wider every quarter.</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>SoFi Is Digging A Wider Moat</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\">\nSoFi Is Digging A Wider Moat\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-09-01 10:13 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4632387-sofi-digging-wider-moat><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SoFi's moat is expanding as they execute their all-in-one financial app strategy and differentiate themselves from competitors.SoFi is experiencing strong deposit and member growth at decreasing ...</p>\n\n<a href=\"https://seekingalpha.com/article/4632387-sofi-digging-wider-moat\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4550":"红杉资本持仓","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","LU0971096721.USD":"富达环球金融服务 A","LU1244550221.USD":"FRANKLIN GLOBAL MULTI-ASSET  INCOME \"A\" (USDHEDGED) INC (M)","LU2552382215.SGD":"WELLINGTON US BRAND POWER \"A\" (SGDHDG) ACC","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","LU0149725797.USD":"汇丰美国股市经济规模基金","LU0211327993.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (USD) ACC","LU2552382058.USD":"WELLINGTON US BRAND POWER \"A\" (USD) ACC","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU0882574139.USD":"富达环球消费行业基金A ACC","LU1496350171.SGD":"FRANKLIN DIVERSIFIED BALANCED \"A\" (SGDHDG) ACC","LU2552382132.HKD":"WELLINGTON US BRAND POWER \"A\" (HKD) ACC","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","LU0211331839.USD":"FRANKLIN MUTUAL GLB DISCOVERY \"A\" (USD) ACC","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","LU0211328371.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (MDIS) (USD)   INC","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","BK4549":"软银资本持仓","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","SOFI":"SoFi Technologies Inc.","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","BK4534":"瑞士信贷持仓","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0310799852.SGD":"FTIF - Templeton Global Equity Income A MDIS SGD","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","LU0310800965.SGD":"FTIF - Templeton Global Balanced A Acc SGD","BK4535":"淡马锡持仓","LU0175139822.USD":"AB FCP I Global Equity Blend A USD","LU0106831901.USD":"贝莱德世界金融基金A2","LU0496365809.HKD":"TEMPLETON GLOBAL INCOME \"A\" (HKD) INC (Q)","BK4559":"巴菲特持仓","BK4166":"消费信贷"},"source_url":"https://seekingalpha.com/article/4632387-sofi-digging-wider-moat","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2364173542","content_text":"SoFi's moat is expanding as they execute their all-in-one financial app strategy and differentiate themselves from competitors.SoFi is experiencing strong deposit and member growth at decreasing customer acquisition costs.SoFi's lending moat is expanding through superior availability of funding, choosing resilient borrowers, and better underwriting, resulting in consistent and sustainable growth.tamara_kulikovaA common refrain I still hear from people who do not think SoFi (NASDAQ:SOFI) is a good investment is that there is significant competition and that SoFi does not have a moat. If a business doesn't have a moat, it means there are low barriers to entry, anybody can just copy the business, and it is impossible to build a business that outperforms competitors. I previously discussed both SoFi's consumer-facing moat as well as their technology moat. After their strong 2Q23 results, it is an excellent time to revisit this discussion.With the rare exception of heavy patent protection, a moat takes time to dig and fill with water. Moats aren't just bestowed by the investing gods, they are built through exceptional execution. What determines whether SoFi will be \"just a bank\" or the \"winner take most in the fintech space\" is their execution.This leads to one of the core tenants of my examination of a company's moat. While the size of the moat is very important, sometimes what is more important is whether the moat is expanding or contracting. Is the business executing in such a way that their competitive advantages are expanding relative to their peers? Are they carving out a defensible niche and creating differentiated products that lead to better outcomes? Is there an inherent network effect being created or a superior brand being built? Those are hard questions to answer directly, but the results invariably show up in the numbers.SoFi CEO Anthony Noto is fond of saying that when he joined in 2018 that everyone was talking about being an all-in-one financial app, but that SoFi is the only company who has actually done it. However, up to this point, SoFi's moat has been mostly theoretical. They say a one-stop shop should allow for a better experience and cross selling. They argue that it will increase user engagement and drive greater lifetime value from their members. Essentially, it should make SoFi's results differentiated from their competitors. The data are showing that to be the case. The moat is expanding.Financial Services OutperformanceDepositsSoFi has a focus on getting new members to move their direct deposit to SoFi. That is because the bank where you send your direct deposit is almost always your primary bank, and your primary bank is where you keep most of your money. Here is what was said on the earnings call about deposit growth:From a balance sheet perspective, our unique value proposition in SoFi continues to fuel high-quality deposits, that increased by $2.7 billion sequentially and we ended the quarter with nearly $12.7 billion in deposits. Importantly, more than 90% of our consumer deposits are from sticky direct deposit members, and nearly 98% of our deposits are insured.Big deal, SoFi is getting a lot of deposits because it's offering a high APY on their savings account (4.5% at the time of writing), right? Ally (ALLY) currently gives 4.25%, LendingClub (LC) clocks in at 4.5%, Discover (DFS) is at 4.3%. SoFi and LendingClub are equal now, but LendingClub actually had higher APY than SoFi for the entirety of 2Q23. If it all came down to APY, LendingClub should have been the biggest winner, and all the others should have also seen significant deposit growth. Credit to Vadim Kotlarov for this graphic.Quarterly deposit growth of large neobanks (Vadim Kotlarov)Every neobank has seen deposit growth over the past year as they've been taking customers away from incumbent banks by offering higher APYs than the likes of JPMorgan (JPM), Wells Fargo (WFC), and Citigroup (C). However, peak deposit growth for most neobanks was 4Q22 and they've all seen a steep drop in growth thereafter. There is one exception. SoFi's deposit growth has continued to accelerate. LendingClub even saw deposits shrink in the last quarter despite offering higher rates that SoFi the entire quarter.When I see a definitive trend reversal like that across an entire industry with one outlier who bucks that trend, I take note. Especially when on the face of it there is no reason for it. It isn't like SoFi gave higher APY or even higher signup bonuses during these last two quarters than before. They didn't increase marketing spend, as we'll see in a second, they just outperformed the competition because of something innate about the product. This is a testament to the fact that their product is differentiating itself in other, less obvious ways. This is what a moat looks like.Member growth at low customer acquisition costSoFi is paying less in customer acquisition costs (CAC) than they have in well over a year while simultaneously adding more members than they ever have before. As CEO Anthony Noto's described it in the earnings call:And I think this quarter is the first quarter that I can say, I feel really confident the flywheel is working. And what I mean by that is, we're seeing efficiencies in our customer acquisition cost. And those efficiencies are really more correlated with the unaided brand awareness being increased in addition to the fact that our marketing and product teams are iterating every day through technology and content information analytics to drive those efficiencies. […] It's the holistic approach that we've taken over the last 5.5 years that is really starting to pay off in the quarter and as we look into Q3 as well.I love that he said that this trend is continuing into Q3 as well. One quarter of lower CAC and high member adds is not definitive proof that they truly have turned a corner. However, the increase in brand awareness they highlighted in the earnings call also provides data that supports this trend. If CAC can stay low as quarterly new members climb, it would be another piece of evidence that the moat is growing.SoFi quarterly customer acquisition cost (Author)SoFi quarterly new member growth (Author)Lending OutperformanceLast November I wrote that SoFi was pulling away from LendingClub and Upstart (UPST), the two other fintech companies who operate primarily in the fintech lending space. All three of them, at the moment, rely on personal loans as their main source of revenue and income. They all compete for borrowers and selling loans to the same debt investors. I'll provide a little more nuance into the different business models below, but I think the performance of these three companies since that article proves my analysis at the time was prescient. The differentiation of SoFi from its competitors is only getting more obvious over time.Quarterly revenue of SoFi, LendingClub, and Upstart (Author)Macro BackdropAll three of these fintech businesses have to deal with a supply and demand issues on two fronts. On one front, they are offering to lend money to those who want a personal loan. These potential customers may be trying to refinance high variable rate credit card debt into lower fixed rate personal loans, renovating their house, financing solar panels, or any other reason. I'll refer to this as borrower demand, and it is extremely strong right now. People are looking at their credit card statements, feeling the pain, and seeking to refinance that variable rate debt into a lower fixed rate.How borrower demand and investor demand affect lenders (Author)On the other side of the equation are debt investors. These are banks and asset managers such as hedge funds, sovereign wealth funds, pension funds, etc. These are the entities that buy loans from companies like SoFi, LendingClub, and Upstart. All three of these companies sell loans to these debt investors, and depend on them for liquidity and, to an extent, their revenue and profits. I'll refer to this as investor demand, and right now it is weak. As a result of the banking crisis, most banks are actively looking to offload assets like personal loans to decrease their risk profiles and increase liquidity. Bank demand for personal loans is very low and in fact they are selling loans. This results in excess supply of assets at the moment. Asset managers are happy to step in, but the increase in supply means that they can be very picky about the pricing and the quality of the loans they are purchasing. The result is that investor demand is very weak right now.Business Model DifferencesI like to give context for my analysis, so let's briefly review the similarities and differences between SoFi, LendingClub, and UpstartUpstartUpstart's target market is near prime and subprime candidates whom Upstart believes are higher quality borrowers than their FICO score would indicate. They do not disclose the average FICO score of the loans they fund or refer to their partners. Upstart, for the most part, tries not to hold loans on the balance sheet. They use their machine learning algorithm to determine credit worthiness and approve or deny the loan at a given APR. The majority of their revenue comes from fees they charge up front for finding and approving the loan. They let someone else hold the loan, collect interest, and take the default risk.Upstart has two cohorts of buyers of their loans, partner banks and the asset managers mentioned above. Partner banks can use Upstart as the de facto credit check service for their own customers and also can house loans that Upstart approves through its platform. They grew originations like crazy during the zero interest rate policy (ZIRP) days. However, Upstart immediately ran into issues as soon as rates started to increase. Origination growth was only positive 1Q22 because Upstart stepped in and used their balance sheet to fund loans. While they have continued to use their balance sheet, it hasn't been enough and demand to buy their loans has completely collapsed. Originations plummeted for 4 straight quarters before seeing a slight uptick in 2Q23.Upstart Quarterly Originations (Author)LendingClubLendingClub targets near-prime, prime, and prime plus customers who are serial users of credit. For loans they hold on their own balance sheet, as of 4Q22, the average FICO score was 729 and the average income was $116,000. The entire servicing portfolio, which includes loans they've sold to others, had an average FICO of 717 and average income of $113,000 at that same time. They stopped disclosing those numbers in 2023.LendingClub also has two cohorts for the loans they originate. The first is themselves. LendingClub is a bank and takes a portion of their loans and puts them in their \"Loans Held for Investment\" (HFI) portfolio. These are loans that LendingClub intends to hold on their books through maturity. The remaining loans are sold on what they refer to as their marketplace, which is comprised of the same type of debt investors referred to above. So they have a pretty steady rate at which they add loans to their own HFI portfolio as the existing loans are paid off, and then a variable amount of loans they sell on top of that. The amount of variable loans they sell fluctuates, but right now it is limited by investor demand from their marketplace.In their 2Q22 earnings call, LendingClub warned that the marketplace demand might soften as rates rise. CEO Scott Sanborn explained, \"For certain investors, their funding costs will move based on the forward curve, meaning where the fed is expected to go. These investors are seeking more yield to cover their increased costs.\" Investor costs move with where people expect rates to go, so their costs went up faster than the actual funds rates. LendingClub's loan pricing, by their own admission, lags the Fed Funds rate hikes by at least a few months. Investors were getting squeezed with higher costs now but the loans they were buying did not yet have higher interest rates to offset those costs.LendingClub Quarterly Originations (Author)This is exactly what happened. During 3Q22, marketplace originations dropped 15% from $2.82B to $2.39B, correspondingly dropping their revenue from those loans from $213.8M to $181.2M. This drop in marketplace originations has continued every quarter for the past year. Part of the reason for the marketplace drop is because they keep the highest quality prime and prime plus loans their HFI portfolio and sell the lower quality prime and near prime loans to investors.SoFiNow let's move on to SoFi. SoFi employs a slightly different model to Upstart and LendingClub. Rather than have two separate cohorts for their loans, SoFi holds all originated loans on their own balance sheet for a period of time before selling them on to debt investors. They previously guided for 6-7 months holding period, but right now they've been holding them much longer because of the weakness in investor demand. In this way, SoFi's balance sheet acts more like a shock absorber, giving them liquidity and optionality. SoFi can absorb or release loans as needed. As CEO Anthony Noto put it previously:We run to where the opportunity is. And in some quarters, that opportunity may be driven by being able to raise WACC. In some quarters, the opportunity would be driven by a really strong securitization market. And some quarters are going to be driven by a really strong wholesale market.Right now, the opportunity lies in gobbling up market share of their core target demographic - high-earning, high-quality customers not well served by the current banking system. As Upstart and LendingClub are slowing originations, SoFi has continued to increase them. In 1Q22, SoFi was only originating less than 2/3 the volume of personal loans as LendingClub and less than half the volume of Upstart. Now they are originating a little under double LendingClub and more than triple Upstart.SoFi Quarterly Originations (Author)SoFi's borrowers are also the most affluent and highest quality of the three companies. Their personal loan borrowers have an average FICO of 745 and an average income of $164,000. Furthermore, SoFi has actually been front-running the fed's interest rate hikes. They raised the APR they charge their borrowers faster than the Fed hiked rates and faster than their competitors. They could do this because of the the strong demand caused by their network effects. Raising rates faster than competitors and simultaneously increasing originations is a differentiated result. Their key underwriting variable is cash flow, because they want to make sure that borrowers have excess monthly cash flow to cover their loan payment.Why SoFi is WinningAll three of these companies have a ton of borrower demand at the moment, so that does not explain the discrepancy in originations. SoFi is proving their lending moat is expanding in three ways: superior availability of funding, choosing resilient customers, and better underwriting.Availability of FundingLC underwent origination growth in 2021 and 2022 after receiving their bank charter in December 2020. However, their marketplace originations have tanked in 2022 and 2023 because of rising rates and tightening credit as described above. They do not leave room on the balance sheet to absorb any fluctuations in investor demand, so marketplace originations boom and bust in real time with fluctuations in investor demand.Upstart has virtually no control over their funding sources, so they are almost completely dependent on the whims of the economic environment. LC has been able to maintain some stability in originations because they hold a portion in the bank to maturity and can replace those as they hit their term. When demand from banks and asset managers for new loans dries up, Upstart gets hit the hardest. They have had to give preferential pricing and take on extra risk to supplement volumes in hard times. It is not a durable business through a full market cycle. Upstart the most cyclical of the three businesses.SoFi got their bank charter in 1Q22. They have had significantly more flexibility to add loans to their balance sheet throughout 2022 and 2023 because they are the funding source. It's part of the plan to be vertically integrated across the entire business and own the whole process.SoFi's business model to hold loans on the balance sheet for a variable amount of time and then selling them when the economics make sense appears to have given them the most flexibility to combat the economic turmoil caused by the rapidly rising rate environment. It even compares favorably to LC's business model even though both have bank charters. The timing of the bank charter was also fortuitous, no doubt about it, and has allowed them to continue scaling because they had plenty of room on the balance sheet to hold their own loans. However, I would argue that the business model is still superior because of the extra flexibility it gives them. Business model and execution are part of SoFi's expanding moat.SoFi, LC, and UPST quarterly originations (Author)Resilient BorrowersSoFi's decision to only loan to affluent and high quality borrowers is a part of the business model that makes them resilient. SoFi could easily have loosened credit standards in the easy money ZIRP days. They did not. Instead, they deliberately built a robust business model that can grow through an entire cycle. LC and Upstart leaned into lending to lower quality borrowers during the ZIRP days to boost growth, but as investor demand pulled back, they have been forced to move up the value chain to higher quality borrowers.SoFi was already focused on a higher quality pool of borrowers and has not seen their potential clientele shrink in the same way. In fact, SoFi's all-in-one platform has attracted record members. This has allowed them to grow originations more than 6x from $614M in 4Q20 to $3.7B in the most recent quarter without compromising on credit quality.SoFi total members by quarter (Author)SoFi chose an antifragile business model and it has resulted in consistent and sustainable growth through the significant headwinds that all three businesses have faced in the last year and a half. That means they are now far and away the market share leader in the fintech personal lending space, and even more so in their credit box. This gives them an advantage to maintain that position moving forward. When the credit cycle turns and demand returns, they will be in position to ramp originations to maintain their place as the leader, selling loans as required at a profit to facilitate the increasing volumes.Better UnderwritingSoFi's credit outcomes are demonstrably better. The first reason for this dovetails with their resilient clientele. Higher quality borrowers hold up better in adverse economic conditions. Deliberately targeting that cohort of borrowers was a choice that is now paying dividends for the business.Upstart publishes what they refer to as their Upstart Macro Index or UMI. It gives a value that predicts how many of their borrowers will default on their loans relative to historical norms. If default rates are normal, UMI is 1. If loans are overperforming because of the macro environment (e.g. the government gave out a bunch of stimulus checks), UMI is less than 1. If loans are underperforming (e.g. stimulus stops and inflation is at 40 year highs), the UMI is above 1. UMI has literally never been higher than it is today. Upstart's borrowers are defaulting 70% more often than normal.Upstart Macro Index (Upstart)SoFi outperforming Upstart is to be expected as affluent customers are more resilient. That does not explain how SoFi is seeing lower defaults than before the pandemic. LC's borrowers are ostensibly in the same credit box at SoFi, yet LC borrowers defaults crossed over prepandemic levels in 1Q23. SoFi just reiterated again in their 2Q23 earnings call that their credit outcomes are still better than they were before the pandemic. Not only that but their default rates actually decreased between 1Q23 and 2Q23.SoFi Personal Loan Default Rate (Author)I do not know of a single lender of any type - bank, fintech, or otherwise - who can make that same claim. SoFi's underwriting is best in class and leads to better credit outcomes. This is what a moat looks like. When SoFi's balance sheet does eventually fill, it stands to reason that their superior credit outcomes and higher rates charged on their loans should allow them to find buyers for their loans easier than competitors. This is a claim that cannot yet be proven with data, but we can track in the coming quarters. LC did mention in their earnings call that the one bright spot for investor demand is for their seasoned prime personal loans. That just so happens to be exactly the type of loans SoFi has in abundance.The moat is expandingExceptional companies differentiate themselves in the hard times. The data supports the argument that SoFi really is building a business that is better than its peers. SoFi has a robust business model built on a more resilient client base. They utilize superior underwriting. They are continuing to accelerate deposit growth. Essentially, they offer an all-in-one platform that is taking market share for banking and lending. That has led to better outcomes in hard times. I think the evidence makes those statements undeniably true. When the headwinds slow, differentiated results will continue to separate them from competitors. The moat is getting deeper and wider every quarter.","news_type":1},"isVote":1,"tweetType":1,"viewCount":239,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":222185421865072,"gmtCreate":1695271785794,"gmtModify":1695271949257,"author":{"id":"4152496098951332","authorId":"4152496098951332","authorIdStr":"4152496098951332","name":"NealRiggers","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4152496098951332"},"themes":[],"htmlText":"I have $1000 to invest but I choose $SOFI and $PLTR for long term.&nbsp;","listText":"I have $1000 to invest but I choose $SOFI and $PLTR for long term.&nbsp;","text":"I have $1000 to invest but I choose $SOFI and $PLTR for long term.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/222185421865072","repostId":"2368818711","repostType":2,"repost":{"id":"2368818711","pubTimestamp":1695254403,"share":"https://ttm.financial/m/news/2368818711?lang=&edition=fundamental","pubTime":"2023-09-21 08:00","market":"us","language":"en","title":"Got $1,000? 2 Stocks to Buy Now While They're on Sale.","url":"https://stock-news.laohu8.com/highlight/detail?id=2368818711","media":"Motley Fool","summary":"Two standout stocks are flying under the radar, ready for a rebound. Find out why they're on sale right now, and why the discounts can't last.","content":"<html><head></head><body><p>The last two years have been turbulent on Wall Street. The inflation crisis left many business sectors disrupted, and the release of ChatGPT started an artificial intelligence (AI) boom in the middle of that unstable situation. Yesteryear&#39;s market darlings and blue chips are down. A new batch of favorites have taken their place. Everything you thought you knew about the stock market suddenly looks obsolete.</p><p>But some things never change. The best way to make money in stock investments is by finding great companies whose stocks are undervalued. Buy low and sell high (or hold forever, watching your wealth build over time). And it&#39;s easy to find incredible stocks at a deep discount right now.</p><p>Read on to see how media giant <strong>Walt Disney</strong> and freelance services specialist <strong>Fiverr International</strong> fit the bill. If you have $1,000 of investable cash to spare, these two stocks look like great long-term investments today. Diversify with both, or champion just one -- either way, Fiverr and Disney are priced to please.</p><h2 id=\"id_2736112815\">The House of Mouse never looked so affordable</h2><p>I&#39;ll be the first to admit that Walt Disney is facing some serious challenges.</p><ul style=\"\"><li><p>Aging media outlets such as the ABC broadcast network and the ESPN sports channel aren&#39;t the cash cows they used to be, and Disney is reportedly seeking buyers for some of these assets. Rumor has it that the company has discussed both complete and partial sales, though no firm deals are on the table yet.</p></li><li><p>The TV issues stretch all the way to India. The market-leading Star network doesn&#39;t look so dominant anymore after losing the broadcast rights to Indian Premier League cricket.</p></li><li><p>The loss of cricket rights also undermined the Disney+ Hotstar streaming service. In the recently reported fiscal third quarter, 12.5 million Hotstar customers signed off, largely due to the lack of professional cricket. As a result, the total number of video-streaming clients fell by 11.7 million names, or 5%.</p></li></ul><p>So I understand if some investors are feeling queasy about Disney&#39;s future prospects. The TV business is crumbling and the digital streaming alternative hasn&#39;t picked up the slack. Put that Disney share down and back away slowly!</p><p>Many Disney investors have done exactly that. The stock is trading 58% below the all-time high of early 2021. The price also sits just 6% above a multiyear low of $79.75. That low-water mark is only a week old.</p><p>And that brutal price drop went more than a few steps too far. Disney&#39;s stock is dramatically undervalued nowadays.</p><p>First, I wouldn&#39;t mind Disney modernizing its portfolio of products and services. Linear TV subscribers (cable, satellite, broadcast) are going all-digital at an alarming rate and the cord-cutting trend isn&#39;t going away. Finding buyers for legacy services like ESPN and ABC would accelerate Disney&#39;s quantum leap into cyberspace.</p><p>Second, it&#39;s no fun to lose more than 10 million streaming subscribers in one of the world&#39;s largest economies. However, Disney+ Hotstar is also the company&#39;s least lucrative streaming platform. Domestic Disney+ subscribers pay an average subscription fee of $7.31 per month. The average monthly fee for the Hotstar version is $0.59. If you have to lose lots of subscribers somewhere, this particular market doesn&#39;t hurt too much.</p><p>And other streaming services are holding their own with flat or rising subscriber counts in the third quarter. And don&#39;t forget about the Disney parks, experiences, and products division, whose third-quarter sales increased by 13% year over year. Ticket sales are booming at the international parks and cruise ships.</p><p>Disney&#39;s stock is trading within a stone&#39;s throw of price levels last seen in the fall of 2014. Over the same time span, trailing revenue is up by 80% and the company&#39;s central strategy is evolving as we speak. CEO Bob Iger had to patch a plethora of mistakes made during ex-CEO Bob Chapek&#39;s reign, and these things take time.</p><p>So I recommend buying Disney stock hand over fist while the low share prices last. You won&#39;t find Mickey Mouse in Wall Street&#39;s bargain bin very often.</p><h2 id=\"id_3607121804\">Fiverr: More than meets the eye</h2><p>Freelance services wrangler Fiverr is perhaps the most misunderstood company I know. First, Fiverr bears expected the business to wither at the end of coronavirus lockdowns. Then, they expected generative AI tools to make human freelancers in creative endeavors obsolete. The first end-of-the-world prediction was demonstrably wrong, and I think Fiverr will benefit from generative AI systems in the long run.</p><p>It&#39;s true that Fiverr&#39;s top-line growth has slowed down in recent quarters. That&#39;s a really common story, though. Let&#39;s have a look at Fiverr&#39;s revenue growth over the last three years, in comparison with two closely related businesses:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e8eda5c74119569488f37c573dfb82f2\" tg-width=\"720\" tg-height=\"387\"/></p><p>FVRR Revenue (TTM) data by YCharts</p><p>Advertising expert <strong>PubMatic </strong>and online game platform provider <strong>Roblox</strong> cross paths with Fiverr quite often. Thousands of freelancers are ready to provide digital art, solve programming issues, or even design entire Roblox games for a reasonable fee. Likewise, targeted ad campaigns and the digital assets that make them work are widely available on the Fiverr market. So it makes sense that these three companies showed similar top-line responses to the global inflation crisis. An economic crunch is not the best time to invest big money in ambitious ad campaigns or launch potentially moneymaking games -- there&#39;s not enough end-market interest to make it work.</p><p>The inflation-based downturn won&#39;t last forever, though. Purse strings will loosen when the inflation monster is put to bed, letting companies like Fiverr get back to high-octane revenue growth. And don&#39;t forget that this company already generates generous cash profits. Fiverr&#39;s free cash flow added up to $46 million over the last four quarters, which is a generous 13.5% of total sales over the same span. These cash profits should soar in a more normal business environment.</p><p>As for the generative AI threat, let me just point out that creative AI processes still require a lot of human input. Sure, ChatGPT is capable of writing some decent text and DALL-E 2 can generate stunning images -- but only with the right input prompts and a human selecting the best bits from the AI-generated output. That&#39;s still a game-changing dose of human influence.</p><p>Thus, Fiverr provides a vibrant marketplace for freelancing AI experts. The company takes this opportunity seriously, and I expect AI-managing services to contribute significant sales in the long run.</p><p>Yet, Fiverr&#39;s stock price has fallen more than 90% from the lofty peak of early 2021. Thanks to the perceived AI challenge, the plunge includes a 24% price drop over the last year.</p><p>So we are looking at a perfectly healthy business with tremendous long-term growth prospects, just champing at the bit until the economy can drive rising interest in its digital freelancer services. Meanwhile, Fiverr&#39;s stock trades at just 12.6 times forward earnings projections and 3 times trailing sales. It&#39;s a high-growth wolf in fire-sale sheep&#39;s clothing.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Got $1,000? 2 Stocks to Buy Now While They're on Sale.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGot $1,000? 2 Stocks to Buy Now While They're on Sale.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-09-21 08:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2023/09/19/got-1000-2-stocks-to-buy-now-while-theyre-on-sale/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The last two years have been turbulent on Wall Street. The inflation crisis left many business sectors disrupted, and the release of ChatGPT started an artificial intelligence (AI) boom in the middle ...</p>\n\n<a href=\"https://www.fool.com/investing/2023/09/19/got-1000-2-stocks-to-buy-now-while-theyre-on-sale/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DIS":"迪士尼","FVRR":"Fiverr International Ltd."},"source_url":"https://www.fool.com/investing/2023/09/19/got-1000-2-stocks-to-buy-now-while-theyre-on-sale/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2368818711","content_text":"The last two years have been turbulent on Wall Street. The inflation crisis left many business sectors disrupted, and the release of ChatGPT started an artificial intelligence (AI) boom in the middle of that unstable situation. Yesteryear's market darlings and blue chips are down. A new batch of favorites have taken their place. Everything you thought you knew about the stock market suddenly looks obsolete.But some things never change. The best way to make money in stock investments is by finding great companies whose stocks are undervalued. Buy low and sell high (or hold forever, watching your wealth build over time). And it's easy to find incredible stocks at a deep discount right now.Read on to see how media giant Walt Disney and freelance services specialist Fiverr International fit the bill. If you have $1,000 of investable cash to spare, these two stocks look like great long-term investments today. Diversify with both, or champion just one -- either way, Fiverr and Disney are priced to please.The House of Mouse never looked so affordableI'll be the first to admit that Walt Disney is facing some serious challenges.Aging media outlets such as the ABC broadcast network and the ESPN sports channel aren't the cash cows they used to be, and Disney is reportedly seeking buyers for some of these assets. Rumor has it that the company has discussed both complete and partial sales, though no firm deals are on the table yet.The TV issues stretch all the way to India. The market-leading Star network doesn't look so dominant anymore after losing the broadcast rights to Indian Premier League cricket.The loss of cricket rights also undermined the Disney+ Hotstar streaming service. In the recently reported fiscal third quarter, 12.5 million Hotstar customers signed off, largely due to the lack of professional cricket. As a result, the total number of video-streaming clients fell by 11.7 million names, or 5%.So I understand if some investors are feeling queasy about Disney's future prospects. The TV business is crumbling and the digital streaming alternative hasn't picked up the slack. Put that Disney share down and back away slowly!Many Disney investors have done exactly that. The stock is trading 58% below the all-time high of early 2021. The price also sits just 6% above a multiyear low of $79.75. That low-water mark is only a week old.And that brutal price drop went more than a few steps too far. Disney's stock is dramatically undervalued nowadays.First, I wouldn't mind Disney modernizing its portfolio of products and services. Linear TV subscribers (cable, satellite, broadcast) are going all-digital at an alarming rate and the cord-cutting trend isn't going away. Finding buyers for legacy services like ESPN and ABC would accelerate Disney's quantum leap into cyberspace.Second, it's no fun to lose more than 10 million streaming subscribers in one of the world's largest economies. However, Disney+ Hotstar is also the company's least lucrative streaming platform. Domestic Disney+ subscribers pay an average subscription fee of $7.31 per month. The average monthly fee for the Hotstar version is $0.59. If you have to lose lots of subscribers somewhere, this particular market doesn't hurt too much.And other streaming services are holding their own with flat or rising subscriber counts in the third quarter. And don't forget about the Disney parks, experiences, and products division, whose third-quarter sales increased by 13% year over year. Ticket sales are booming at the international parks and cruise ships.Disney's stock is trading within a stone's throw of price levels last seen in the fall of 2014. Over the same time span, trailing revenue is up by 80% and the company's central strategy is evolving as we speak. CEO Bob Iger had to patch a plethora of mistakes made during ex-CEO Bob Chapek's reign, and these things take time.So I recommend buying Disney stock hand over fist while the low share prices last. You won't find Mickey Mouse in Wall Street's bargain bin very often.Fiverr: More than meets the eyeFreelance services wrangler Fiverr is perhaps the most misunderstood company I know. First, Fiverr bears expected the business to wither at the end of coronavirus lockdowns. Then, they expected generative AI tools to make human freelancers in creative endeavors obsolete. The first end-of-the-world prediction was demonstrably wrong, and I think Fiverr will benefit from generative AI systems in the long run.It's true that Fiverr's top-line growth has slowed down in recent quarters. That's a really common story, though. Let's have a look at Fiverr's revenue growth over the last three years, in comparison with two closely related businesses:FVRR Revenue (TTM) data by YChartsAdvertising expert PubMatic and online game platform provider Roblox cross paths with Fiverr quite often. Thousands of freelancers are ready to provide digital art, solve programming issues, or even design entire Roblox games for a reasonable fee. Likewise, targeted ad campaigns and the digital assets that make them work are widely available on the Fiverr market. So it makes sense that these three companies showed similar top-line responses to the global inflation crisis. An economic crunch is not the best time to invest big money in ambitious ad campaigns or launch potentially moneymaking games -- there's not enough end-market interest to make it work.The inflation-based downturn won't last forever, though. Purse strings will loosen when the inflation monster is put to bed, letting companies like Fiverr get back to high-octane revenue growth. And don't forget that this company already generates generous cash profits. Fiverr's free cash flow added up to $46 million over the last four quarters, which is a generous 13.5% of total sales over the same span. These cash profits should soar in a more normal business environment.As for the generative AI threat, let me just point out that creative AI processes still require a lot of human input. Sure, ChatGPT is capable of writing some decent text and DALL-E 2 can generate stunning images -- but only with the right input prompts and a human selecting the best bits from the AI-generated output. That's still a game-changing dose of human influence.Thus, Fiverr provides a vibrant marketplace for freelancing AI experts. The company takes this opportunity seriously, and I expect AI-managing services to contribute significant sales in the long run.Yet, Fiverr's stock price has fallen more than 90% from the lofty peak of early 2021. Thanks to the perceived AI challenge, the plunge includes a 24% price drop over the last year.So we are looking at a perfectly healthy business with tremendous long-term growth prospects, just champing at the bit until the economy can drive rising interest in its digital freelancer services. Meanwhile, Fiverr's stock trades at just 12.6 times forward earnings projections and 3 times trailing sales. It's a high-growth wolf in fire-sale sheep's clothing.","news_type":1},"isVote":1,"tweetType":1,"viewCount":133,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}