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- FinvestFinvest
  ·2022-12-14
  France
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- FinvestFinvest
  ·2022-12-10
  England.
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- FinvestFinvest
  ·2022-12-05
  Croatia
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- FinvestFinvest
  ·2022-12-01
  England!
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- FinvestFinvest
  ·2022-01-01
  [Miser] [OK]
  Where Will Nvidia Stock Be By 2025?
  SummaryNVIDIA's software opportunity may not have been fully understood by bearish investors.Moreove
  Where Will Nvidia Stock Be By 2025?
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- FinvestFinvest
  ·2022-01-01
  $Li Auto(LI)$[Strong]
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- FinvestFinvest
  ·2021-12-18
  $Sea Ltd(SE)$Is it good time to buy now?
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- FinvestFinvest
  ·2021-12-17
  [Strong]
  Sorry, this post has been deleted
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- FinvestFinvest
  ·2021-06-13
  Nice
  Tiger Broker has been honoured The Asset Triple A Sustainable Investing Awards 2021
  June 11/ Tiger Broker has been honoured with the following awared at The Asset Triple A Sustainable
  Tiger Broker has been honoured The Asset Triple A Sustainable Investing Awards 2021
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- FinvestFinvest
  ·2021-06-12
  Wow
  How oil soaring to $100 a barrel could be bad for this boom-bust sector and the economy
  If demand returns to 100 million barrels a day, 'that feels very ominous to me,' debt pro warns. Oi
  How oil soaring to $100 a barrel could be bad for this boom-bust sector and the economy
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[OK]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9003546736","repostId":"1120814298","repostType":4,"repost":{"id":"1120814298","pubTimestamp":1640953096,"share":"https://ttm.financial/m/news/1120814298?lang=&edition=fundamental","pubTime":"2021-12-31 20:18","market":"us","language":"en","title":"Where Will Nvidia Stock Be By 2025?","url":"https://stock-news.laohu8.com/highlight/detail?id=1120814298","media":"Seeking Alpha","summary":"SummaryNVIDIA's software opportunity may not have been fully understood by bearish investors.Moreove","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>NVIDIA&#39;s software opportunity may not have been fully understood by bearish investors.</li><li>Moreover, it&#39;s so massive that even its CFO couldn&#39;t map out the exact scale of the company&#39;s opportunities.</li><li>We discuss why we think NVIDIA&#39;s software opportunity will be the critical driver for its stock price through 2025.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/98932ac47ed24da594e1976f9fb2301a\" tg-width=\"1536\" tg-height=\"1015\" width=\"100%\" height=\"auto\"/><span>Justin Sullivan/Getty Images News</span></p><p><b>Investment Thesis</b></p><p>NVIDIA Corporation (NVDA) is one of the leading full-stack AI tech companies in our portfolio. Through CEO Jensen Huang&#39;s incredible leadership, the company is a leader in multiple fields. It has also built on its discrete GPU (dGPU) hardware leadership with its software stack through NVIDIA AI Enterprise. The company has also created the leading engine for metaverse developers, as NVIDIA aims to power the future of the next-gen computing platform. Moreover, NVIDIA&#39;s massive leadership in autonomous driving has also made it a critical player powering many leading EV makers and robotaxi operators&#39; autonomous driving platforms.</p><p>Bearish investors have often focused on NVIDIA&#39;s current valuation. NVDA stock&#39;s valuation is undoubtedly premium, trading at an EV/NTM EBITDA of 59.2x (peers median: 14x). Nevertheless, we think these investors may not have considered the massive market opportunities that NVDA has in the segments we mentioned earlier. Given that NVDA has such a clear and long runway ahead of it, it&#39;s more important to look well ahead into the next five to ten years. It would help us avoid looking at NVDA&#39;s expensive valuation through a narrow lens and deem it significantly overvalued.</p><p>This article will discuss the opportunities ahead for NVIDIA and address its runway to 2025.</p><p><b>Software Opportunities will Create Massive Revenue Streams</b></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e03db63c6076b22e30bfca05936fd581\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"/><span>NVIDIA revenue and adjusted EBITDA margins mean consensus estimates. Data source: S&amp;P Capital IQ</span></p><p>One of the central arguments against NVIDIA is its slowing revenue growth moving forward. Readers can observe that NVIDIA&#39;s revenue is estimated to increase at a CAGR of 30.1% through FY24. However, its YoY revenue growth is projected to reach 60% this year. Thus, it is a significant slowdown in growth over the next two years. Despite that, NVDA could still gain substantial operating leverage as it scales.</p><p>Notwithstanding the topline growth deceleration, its adjusted EBITDA margin is estimated to reach 41.4% in FY23, against just 33.8% in FY21. Therefore, we think it&#39;s critical for investors not to focus solely on NVDA&#39;s topline growth slowdown. Instead, they should also pay attention to its leverage.</p><p>We believe that its growth opportunities in the metaverse through its software stack will be critical in driving its profitability.Besides the massive TAM increase,the bottom line drivers could have been missed by bearish investors.</p><p>NVIDIA&#39;s hardware revenues mainly drive its EBITDA profitability currently. However, we believe that the company is in the early innings of capitalizing on the drivers from its software stack. We highlighted in a previous article that NVIDIA&#39;s software stack could add billions of dollars to its topline. Its AI Enterprise stack opportunity is estimated to be worth $5B. Moreover, we have not included the potential revenue from its metaverse engine, the NVIDIA Omniverse. The exact revenue opportunities from its software are hard to define. And most of them have yet to find their way to the company&#39;s topline. Despite that, we believe that these opportunities are massive, even just from its AI Enterprise stack.</p><p>Importantly, NVIDIA Omniverse is probably an even more significant opportunity. The argument is straightforward. NVIDIA &#34;layers&#34; its Omniverse strategy on top of its hardware stack. Moreover, the metaverse is not just limited to Roblox (RBLX), Apple (AAPL), or Meta Platforms (FB). Cathy Hackl, Chief Metaverse Officer and CEO of Futures Intelligence Group emphasized: &#34;Every brand and company will need a metaverse strategy.&#34; eMarketer reminded us that next year, &#34;tech firms and brands (will) put those plans into action. We&#39;ll get a glimpse into how the metaverse will look and function.&#34;</p><p>Therefore, we think NVDA has astutely positioned its formidable accelerated computing hardware stack to help these companies leverage its Omniverse engine. CEO Jensen Huang highlighted (edited):</p><blockquote>Omniverse is an engine for simulating the virtual world. There&#39;ll be many, many Omniverse worlds. Omniverse is designed to be able to create and simulate those worlds at a very large scale. We&#39;re in the business of technology infrastructure. So Omniverse is the engine, the algorithms, the mathematics, the computer graphics, the computer systems, the hardware, the system software. That&#39;s the focus of Omniverse. (DigiTimes)</blockquote><p>NVIDIA has created a symbiotic relationship with its software strategy by leveraging its hardware stack. When we think of full-stack, it&#39;s imperative that we consider this relationship. NVIDIA&#39;s software stack doesn&#39;t exist in a silo. The success of its hardware business underpins it. And, it&#39;s a highly successful hardware business with tremendous pricing power and adoption. Now, NVIDIA is taking many steps further by ensuring Omniverse becomes the core engine that companies use to develop their virtual worlds. But, why Omniverse? Surely there will be competing technologies with NVIDIA, who are also vying to be &#34;the metaverse engine.&#34;</p><p>It&#39;s also relatively simple. Huang has mentioned it at GTC, but maybe the bears haven&#39;t caught on. NVIDIA Omniverse will be so advanced and profound that it can even help model climate change for the entire Earth. NVIDIA will be building &#34;the world&#39;s most powerful AI supercomputerd edicated to predicting climate change.&#34; Therefore, NVIDIA aims to model a digital twin of the Earth. NVDA has not gotten there yet. But Huang believes that it will cross the line eventually. Huang emphasized (edited):</p><blockquote><i>We’re going to go build that digital twin of the Earth</i>. It’s going to be gigantic.<i>This is going to be the largest AI supercomputer on the planet</i>. All the technologies we’ve invented up to this moment are needed to make Earth-2 possible. I can’t imagine a greater or more important use. The simulation would be so precise it would need meter-level accuracy. If necessary, Nvidia would spend the money to offset the computing power used to run the simulation.<i>And, if we build the digital twin of the Earth, we will get the metaverse for free</i>. (VentureBeat)</blockquote><p>We think Huang aptly summed up the power of NVIDIA&#39;s amazing technology stack. Moreover, readers can imagine the incredible opportunity that NVDA would generate if it could build that digital twin of the Earth. That would give creators the ability to develop their virtual worlds based on NVIDIA&#39;s success in the Omniverse. Imagine the potential ubiquity of Omniverse as the go-to engine for many creators and companies building their virtual worlds. We cannot further underscore the tremendous monetization opportunities from its full-stack (hardware and software). And, we think we cannot easily model the estimates for NVDA&#39;s potential monetization since they are so novel. Even NVDA CFO Colette Kress stressed that she couldn&#39;t accurately forecast how large NVDA&#39;s TAM can become currently. But, she emphasized that &#34;there are big markets out there for us.&#34;</p><p><b>So, is NVDA Stock a Buy Now?</b></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/32e0425c0c60e18b365f0fdaad3ab279\" tg-width=\"640\" tg-height=\"395\" width=\"100%\" height=\"auto\"/><span>NVIDIA EV/Fwd EBITDA. Data source: S&amp;P Capital IQ</span></p><p>As mentioned earlier, NVIDIA stock is trading at an EV/NTM EBITDA of 59.2x, well above its 3Y mean of 43.9x. Moreover, its peers&#39; median is just 14x, therefore putting NVDA stock in &#34;significantly overvalued&#34; territory in comparison.</p><p>However, we believe that simply comparing NVDA stock&#39;s valuation against its peers would not have done the company justice. We believe that the current consensus estimates have not meaningfully accounted for its metaverse opportunity. Therefore, we believe the stock could be further re-rated when the revenue runway becomes clearer. With it, NVDA stock&#39;s fair value estimates could be further increased.</p><p>NVDA stock is currently trading above our fair value estimates, but not as significant as some bears have prognosticated. However, if you are more conservative and prefer to wait for a &#34;less risky&#34; entry point, you can.</p><p>But, if you have a firm conviction about CEO Jensen Huang &amp; Co.&#39;s execution and technological roadmap, then adding at the current price level doesn&#39;t seem unreasonable too.</p><p>We believe that NVIDIA has proven its mettle as one of the top AI tech companies globally. Moreover, it&#39;s only just getting started with its metaverse opportunity. While we can&#39;t tell you exactly where the stock will be in 2025, we believe it will continue to outperform the market in the next few years.</p><p>Therefore,<i>we revise our rating on NVDA stock to Buy</i>.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Where Will Nvidia Stock Be By 2025?</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\">\nWhere Will Nvidia Stock Be By 2025?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-31 20:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4477371-nvidia-stock-2025><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryNVIDIA's software opportunity may not have been fully understood by bearish investors.Moreover, it's so massive that even its CFO couldn't map out the exact scale of the company's opportunities...</p>\n\n<a href=\"https://seekingalpha.com/article/4477371-nvidia-stock-2025\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达"},"source_url":"https://seekingalpha.com/article/4477371-nvidia-stock-2025","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1120814298","content_text":"SummaryNVIDIA's software opportunity may not have been fully understood by bearish investors.Moreover, it's so massive that even its CFO couldn't map out the exact scale of the company's opportunities.We discuss why we think NVIDIA's software opportunity will be the critical driver for its stock price through 2025.Justin Sullivan/Getty Images NewsInvestment ThesisNVIDIA Corporation (NVDA) is one of the leading full-stack AI tech companies in our portfolio. Through CEO Jensen Huang's incredible leadership, the company is a leader in multiple fields. It has also built on its discrete GPU (dGPU) hardware leadership with its software stack through NVIDIA AI Enterprise. The company has also created the leading engine for metaverse developers, as NVIDIA aims to power the future of the next-gen computing platform. Moreover, NVIDIA's massive leadership in autonomous driving has also made it a critical player powering many leading EV makers and robotaxi operators' autonomous driving platforms.Bearish investors have often focused on NVIDIA's current valuation. NVDA stock's valuation is undoubtedly premium, trading at an EV/NTM EBITDA of 59.2x (peers median: 14x). Nevertheless, we think these investors may not have considered the massive market opportunities that NVDA has in the segments we mentioned earlier. Given that NVDA has such a clear and long runway ahead of it, it's more important to look well ahead into the next five to ten years. It would help us avoid looking at NVDA's expensive valuation through a narrow lens and deem it significantly overvalued.This article will discuss the opportunities ahead for NVIDIA and address its runway to 2025.Software Opportunities will Create Massive Revenue StreamsNVIDIA revenue and adjusted EBITDA margins mean consensus estimates. Data source: S&P Capital IQOne of the central arguments against NVIDIA is its slowing revenue growth moving forward. Readers can observe that NVIDIA's revenue is estimated to increase at a CAGR of 30.1% through FY24. However, its YoY revenue growth is projected to reach 60% this year. Thus, it is a significant slowdown in growth over the next two years. Despite that, NVDA could still gain substantial operating leverage as it scales.Notwithstanding the topline growth deceleration, its adjusted EBITDA margin is estimated to reach 41.4% in FY23, against just 33.8% in FY21. Therefore, we think it's critical for investors not to focus solely on NVDA's topline growth slowdown. Instead, they should also pay attention to its leverage.We believe that its growth opportunities in the metaverse through its software stack will be critical in driving its profitability.Besides the massive TAM increase,the bottom line drivers could have been missed by bearish investors.NVIDIA's hardware revenues mainly drive its EBITDA profitability currently. However, we believe that the company is in the early innings of capitalizing on the drivers from its software stack. We highlighted in a previous article that NVIDIA's software stack could add billions of dollars to its topline. Its AI Enterprise stack opportunity is estimated to be worth $5B. Moreover, we have not included the potential revenue from its metaverse engine, the NVIDIA Omniverse. The exact revenue opportunities from its software are hard to define. And most of them have yet to find their way to the company's topline. Despite that, we believe that these opportunities are massive, even just from its AI Enterprise stack.Importantly, NVIDIA Omniverse is probably an even more significant opportunity. The argument is straightforward. NVIDIA \"layers\" its Omniverse strategy on top of its hardware stack. Moreover, the metaverse is not just limited to Roblox (RBLX), Apple (AAPL), or Meta Platforms (FB). Cathy Hackl, Chief Metaverse Officer and CEO of Futures Intelligence Group emphasized: \"Every brand and company will need a metaverse strategy.\" eMarketer reminded us that next year, \"tech firms and brands (will) put those plans into action. We'll get a glimpse into how the metaverse will look and function.\"Therefore, we think NVDA has astutely positioned its formidable accelerated computing hardware stack to help these companies leverage its Omniverse engine. CEO Jensen Huang highlighted (edited):Omniverse is an engine for simulating the virtual world. There'll be many, many Omniverse worlds. Omniverse is designed to be able to create and simulate those worlds at a very large scale. We're in the business of technology infrastructure. So Omniverse is the engine, the algorithms, the mathematics, the computer graphics, the computer systems, the hardware, the system software. That's the focus of Omniverse. (DigiTimes)NVIDIA has created a symbiotic relationship with its software strategy by leveraging its hardware stack. When we think of full-stack, it's imperative that we consider this relationship. NVIDIA's software stack doesn't exist in a silo. The success of its hardware business underpins it. And, it's a highly successful hardware business with tremendous pricing power and adoption. Now, NVIDIA is taking many steps further by ensuring Omniverse becomes the core engine that companies use to develop their virtual worlds. But, why Omniverse? Surely there will be competing technologies with NVIDIA, who are also vying to be \"the metaverse engine.\"It's also relatively simple. Huang has mentioned it at GTC, but maybe the bears haven't caught on. NVIDIA Omniverse will be so advanced and profound that it can even help model climate change for the entire Earth. NVIDIA will be building \"the world's most powerful AI supercomputerd edicated to predicting climate change.\" Therefore, NVIDIA aims to model a digital twin of the Earth. NVDA has not gotten there yet. But Huang believes that it will cross the line eventually. Huang emphasized (edited):We’re going to go build that digital twin of the Earth. It’s going to be gigantic.This is going to be the largest AI supercomputer on the planet. All the technologies we’ve invented up to this moment are needed to make Earth-2 possible. I can’t imagine a greater or more important use. The simulation would be so precise it would need meter-level accuracy. If necessary, Nvidia would spend the money to offset the computing power used to run the simulation.And, if we build the digital twin of the Earth, we will get the metaverse for free. (VentureBeat)We think Huang aptly summed up the power of NVIDIA's amazing technology stack. Moreover, readers can imagine the incredible opportunity that NVDA would generate if it could build that digital twin of the Earth. That would give creators the ability to develop their virtual worlds based on NVIDIA's success in the Omniverse. Imagine the potential ubiquity of Omniverse as the go-to engine for many creators and companies building their virtual worlds. We cannot further underscore the tremendous monetization opportunities from its full-stack (hardware and software). And, we think we cannot easily model the estimates for NVDA's potential monetization since they are so novel. Even NVDA CFO Colette Kress stressed that she couldn't accurately forecast how large NVDA's TAM can become currently. But, she emphasized that \"there are big markets out there for us.\"So, is NVDA Stock a Buy Now?NVIDIA EV/Fwd EBITDA. Data source: S&P Capital IQAs mentioned earlier, NVIDIA stock is trading at an EV/NTM EBITDA of 59.2x, well above its 3Y mean of 43.9x. Moreover, its peers' median is just 14x, therefore putting NVDA stock in \"significantly overvalued\" territory in comparison.However, we believe that simply comparing NVDA stock's valuation against its peers would not have done the company justice. We believe that the current consensus estimates have not meaningfully accounted for its metaverse opportunity. Therefore, we believe the stock could be further re-rated when the revenue runway becomes clearer. With it, NVDA stock's fair value estimates could be further increased.NVDA stock is currently trading above our fair value estimates, but not as significant as some bears have prognosticated. However, if you are more conservative and prefer to wait for a \"less risky\" entry point, you can.But, if you have a firm conviction about CEO Jensen Huang & Co.'s execution and technological roadmap, then adding at the current price level doesn't seem unreasonable too.We believe that NVIDIA has proven its mettle as one of the top AI tech companies globally. Moreover, it's only just getting started with its metaverse opportunity. While we can't tell you exactly where the stock will be in 2025, we believe it will continue to outperform the market in the next few years.Therefore,we revise our rating on NVDA stock to Buy.","news_type":1},"isVote":1,"tweetType":1,"viewCount":194,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9003548265,"gmtCreate":1641020528582,"gmtModify":1676533565721,"author":{"id":"3566654636387294","authorId":"3566654636387294","name":"Finvest","avatar":"https://static.tigerbbs.com/c71e215830b0cd46a3c97d67f6c243b0","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3566654636387294","authorIdStr":"3566654636387294"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/LI\">$Li Auto(LI)$</a>[Strong]&nbsp;","listText":"<a href=\"https://ttm.financial/S/LI\">$Li Auto(LI)$</a>[Strong]&nbsp;","text":"$Li Auto(LI)$[Strong]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9003548265","isVote":1,"tweetType":1,"viewCount":299,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9000970799,"gmtCreate":1639785218571,"gmtModify":1676533494352,"author":{"id":"3566654636387294","authorId":"3566654636387294","name":"Finvest","avatar":"https://static.tigerbbs.com/c71e215830b0cd46a3c97d67f6c243b0","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3566654636387294","authorIdStr":"3566654636387294"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/SE\">$Sea Ltd(SE)$</a>Is it good time to buy now?","listText":"<a href=\"https://ttm.financial/S/SE\">$Sea Ltd(SE)$</a>Is it good time to buy now?","text":"$Sea Ltd(SE)$Is it good time to buy now?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9000970799","isVote":1,"tweetType":1,"viewCount":501,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9000914733,"gmtCreate":1639723214503,"gmtModify":1676533493148,"author":{"id":"3566654636387294","authorId":"3566654636387294","name":"Finvest","avatar":"https://static.tigerbbs.com/c71e215830b0cd46a3c97d67f6c243b0","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3566654636387294","authorIdStr":"3566654636387294"},"themes":[],"htmlText":"[Strong]&nbsp;","listText":"[Strong]&nbsp;","text":"[Strong]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9000914733","repostId":"2191948858","repostType":4,"isVote":1,"tweetType":1,"viewCount":490,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":182960855,"gmtCreate":1623550827477,"gmtModify":1704205874101,"author":{"id":"3566654636387294","authorId":"3566654636387294","name":"Finvest","avatar":"https://static.tigerbbs.com/c71e215830b0cd46a3c97d67f6c243b0","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3566654636387294","authorIdStr":"3566654636387294"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/182960855","repostId":"1138970454","repostType":2,"repost":{"id":"1138970454","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1623385949,"share":"https://ttm.financial/m/news/1138970454?lang=&edition=fundamental","pubTime":"2021-06-11 12:32","market":"us","language":"en","title":"Tiger Broker has been honoured The Asset Triple A Sustainable Investing Awards 2021","url":"https://stock-news.laohu8.com/highlight/detail?id=1138970454","media":"Tiger Newspress","summary":"June 11/ Tiger Broker has been honoured with the following awared at The Asset Triple A Sustainable ","content":"<p>June&nbsp;11/&nbsp;Tiger Broker has been honoured with&nbsp;the&nbsp;following&nbsp;awared&nbsp;at&nbsp;The Asset Triple A Sustainable Investing Awards 2021&nbsp;for&nbsp;Institutional&nbsp;Investor,&nbsp;ETF&nbsp;and&nbsp;Asset&nbsp;Servicing&nbsp;Providers:</p><p><img src=\"https://static.tigerbbs.com/d2a1d625f288fc86245344e0a6275f6f\" tg-width=\"1096\" tg-height=\"354\" referrerpolicy=\"no-referrer\"></p>","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>Tiger Broker has been honoured The Asset Triple A Sustainable Investing Awards 2021</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\">\nTiger Broker has been honoured The Asset Triple A Sustainable Investing Awards 2021\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-06-11 12:32</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>June&nbsp;11/&nbsp;Tiger Broker has been honoured with&nbsp;the&nbsp;following&nbsp;awared&nbsp;at&nbsp;The Asset Triple A Sustainable Investing Awards 2021&nbsp;for&nbsp;Institutional&nbsp;Investor,&nbsp;ETF&nbsp;and&nbsp;Asset&nbsp;Servicing&nbsp;Providers:</p><p><img src=\"https://static.tigerbbs.com/d2a1d625f288fc86245344e0a6275f6f\" tg-width=\"1096\" tg-height=\"354\" referrerpolicy=\"no-referrer\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TIGR":"老虎证券"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138970454","content_text":"June 11/ Tiger Broker has been honoured with the following awared at The Asset Triple A Sustainable Investing Awards 2021 for Institutional Investor, ETF and Asset Servicing Providers:","news_type":1},"isVote":1,"tweetType":1,"viewCount":376,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":186820819,"gmtCreate":1623485676731,"gmtModify":1704204943908,"author":{"id":"3566654636387294","authorId":"3566654636387294","name":"Finvest","avatar":"https://static.tigerbbs.com/c71e215830b0cd46a3c97d67f6c243b0","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3566654636387294","authorIdStr":"3566654636387294"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/186820819","repostId":"2142744202","repostType":4,"repost":{"id":"2142744202","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1623452760,"share":"https://ttm.financial/m/news/2142744202?lang=&edition=fundamental","pubTime":"2021-06-12 07:06","market":"us","language":"en","title":"How oil soaring to $100 a barrel could be bad for this boom-bust sector and the economy","url":"https://stock-news.laohu8.com/highlight/detail?id=2142744202","media":"Dow Jones","summary":"If demand returns to 100 million barrels a day, 'that feels very ominous to me,' debt pro warns.\n\nOi","content":"<blockquote>\n If demand returns to 100 million barrels a day, 'that feels very ominous to me,' debt pro warns.\n</blockquote>\n<p>Oil companies often find religion in the wake of a boom-and-bust cycle, including after last year when crude prices crashed into negative territory for the first time on record.</p>\n<p>But with oil prices recently back near $70 a barrel, and some analysts speculating on the return to $100 during the COVID recovery, investors fear wildcatting and other risky financial behavior by energy companies will make a comeback.</p>\n<p>\"We lost a lot of our weakest companies,\" Andrew Feltus, co-director of high-yield at Amundi US, said of the ripple effects of oil futures going negative in April 2020 as demand collapsed with the first waves of COVID outbreaks and oil-producing giants Saudi Arabia and Russia waged an ugly price war.</p>\n<p>\"No <a href=\"https://laohu8.com/S/AONE\">one</a> can exist in that type of situation for long,\" Feltus told MarketWatch. \"If you don't have enough money to survive, you are gone.\"</p>\n<p>Company executives took those lessons for the U.S. energy complex to heart after pandemic shutdowns depressed oil demand and, for a period, led to higher borrowing costs in the sector. It also led to greater prudence.</p>\n<p>But there's no telling how long the latest stretch of \"good\" energy company behavior -- actions preferred by their risk-wary lenders and investors -- will last. That's particularly true if prices shoot dramatically higher and breach $100 a barrel.</p>\n<p>As Feltus said, \"$50 oil is the price we want. $70 is just gravy. With $100 oil, they will be dancing in the streets of Dallas.\"</p>\n<p>Prices for U.S. benchmark West Texas Intermediate crude for July delivery were near $70.75 a barrel on the New York Mercantile Exchange on Friday and headed for a weekly rise of about 1.7%.</p>\n<p>This chart tracks the plunge and recovery of WTI since April 2020, with the red line highlighting the stretch in which prices stayed below $40 a barrel.</p>\n<p><b>Keeping up?</b></p>\n<p>Prices saw a boost Friday from the International Energy Agency, which said global oil demand would return to pre-COVID-19 pandemic levels by the end of next year.</p>\n<p>IEA also forecast demand to reach 100.6 million barrels a day by the end of 2022, while indicating that producers will need to boost output to keep up with demand.</p>\n<p>The changing landscape for oil, including the increased focus by investors and the Biden administration on encouraging more environmentally sustainable practices, comes as a U.S. rig count has hovered at about half of pre-COVID levels, said Steve Repoff, portfolio manager at GW&amp;K Investment.</p>\n<p>Read:Climate-change pressure builds on Big Oil after activist wins Exxon board seats, court ruling hits Shell</p>\n<p>But that's not without its own set of concerns as vaccinations in the U.S. increase, demand for oil climbs and the economy opens more broadly, including over the summer. And the post-COVID travel season could turn costly for drivers.</p>\n<p>\"It seems these companies, for now, have demonstrated capital discipline, in a sector notorious for being unable to display capital discipline,\" Repoff told MarketWatch.</p>\n<p>\"But if we see demand of 100 million barrels a day return, that feels very ominous to me,\" he said, adding that it's unclear if U.S. producers will struggle to ramp up production.</p>\n<p>\"What if all the best shale, in aggregate, has been drilled already?\" Repoff said, while explaining how higher oil prices can be good for the oil industry, but also deflationary, even as the Federal Reserve expects the cost of living in America to overshoot its 2% inflation target for awhile during the recovery.</p>\n<p>\"When applied to the broader economy, it's effectively a tax on businesses and consumers, and at the systemwide level is ultimately deflationary,\" Repoff said of booming oil prices.</p>\n<p><b>$100 oil is a mixed blessing</b></p>\n<p>It took no time for COVID shutdowns to rattle the booming U.S. high-yield bond market last year, with defaults quickly jumping to a 10-year high of almost 5% and helping prompt the Fed to launch its first program ever of buying up corporate debt.</p>\n<p>Recently, as the sector has recovered, including with yields on the overall ICE BofA U.S. High Yield Index plunging near all-time lows of 4.1% , the Fed said it would sell its remaining corporate bond exposure.</p>\n<p>As a result, the so-called \"junk-bond\" market ended up with its highest-quality mix of companies by credit rating in at least a decade, but perhaps even 20 to 30 years, according to Feltus at Amundi, even while energy remains the sector's biggest exposure at about 13% of its benchmark high-yield index. That compares with a roughly 3% slice for energy in the S&amp;P 500 index, leaving investors in it grappling with swings in exposure.</p>\n<p>While energy has long been a key part of the U.S. high-yield market, oil booms haven't always been great over the long run for bond investors who help finance the sector.</p>\n<p>\"History says it depends on what else is going on in the market,\" said Marty Fridson, chief investment officer at Lehmann Livian Fridson Advisors, particularly when oil prices rise and fall around times of economic crisis.</p>\n<p>Starting in the summer of 2007, oil prices quickly advanced over eight months from $70.68 on June 29 to $101.84 on Feb. 29, 2008. But when Fridson looked at how the energy component fared over that stretch, it outperformed the ICE BofA US High Yield Index, returning 3.88% compared to negative 3.32%.</p>\n<p>Then, in the more protracted recovery phase, oil went from $70.61 on Sept. 30, 2009, to $96.07 on Feb. 28, 2011, while energy underperformed the index, 23.57% to 26.38%.</p>\n<p>Amundi's Feltus also pointed out that companies \"got religion for like six to 12 months of discipline,\" after each recent oil bust. \"This time breaks the record. But we can't let up the pressure.\"</p>","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>How oil soaring to $100 a barrel could be bad for this boom-bust sector and the economy</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow oil soaring to $100 a barrel could be bad for this boom-bust sector and the economy\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-06-12 07:06</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<blockquote>\n If demand returns to 100 million barrels a day, 'that feels very ominous to me,' debt pro warns.\n</blockquote>\n<p>Oil companies often find religion in the wake of a boom-and-bust cycle, including after last year when crude prices crashed into negative territory for the first time on record.</p>\n<p>But with oil prices recently back near $70 a barrel, and some analysts speculating on the return to $100 during the COVID recovery, investors fear wildcatting and other risky financial behavior by energy companies will make a comeback.</p>\n<p>\"We lost a lot of our weakest companies,\" Andrew Feltus, co-director of high-yield at Amundi US, said of the ripple effects of oil futures going negative in April 2020 as demand collapsed with the first waves of COVID outbreaks and oil-producing giants Saudi Arabia and Russia waged an ugly price war.</p>\n<p>\"No <a href=\"https://laohu8.com/S/AONE\">one</a> can exist in that type of situation for long,\" Feltus told MarketWatch. \"If you don't have enough money to survive, you are gone.\"</p>\n<p>Company executives took those lessons for the U.S. energy complex to heart after pandemic shutdowns depressed oil demand and, for a period, led to higher borrowing costs in the sector. It also led to greater prudence.</p>\n<p>But there's no telling how long the latest stretch of \"good\" energy company behavior -- actions preferred by their risk-wary lenders and investors -- will last. That's particularly true if prices shoot dramatically higher and breach $100 a barrel.</p>\n<p>As Feltus said, \"$50 oil is the price we want. $70 is just gravy. With $100 oil, they will be dancing in the streets of Dallas.\"</p>\n<p>Prices for U.S. benchmark West Texas Intermediate crude for July delivery were near $70.75 a barrel on the New York Mercantile Exchange on Friday and headed for a weekly rise of about 1.7%.</p>\n<p>This chart tracks the plunge and recovery of WTI since April 2020, with the red line highlighting the stretch in which prices stayed below $40 a barrel.</p>\n<p><b>Keeping up?</b></p>\n<p>Prices saw a boost Friday from the International Energy Agency, which said global oil demand would return to pre-COVID-19 pandemic levels by the end of next year.</p>\n<p>IEA also forecast demand to reach 100.6 million barrels a day by the end of 2022, while indicating that producers will need to boost output to keep up with demand.</p>\n<p>The changing landscape for oil, including the increased focus by investors and the Biden administration on encouraging more environmentally sustainable practices, comes as a U.S. rig count has hovered at about half of pre-COVID levels, said Steve Repoff, portfolio manager at GW&amp;K Investment.</p>\n<p>Read:Climate-change pressure builds on Big Oil after activist wins Exxon board seats, court ruling hits Shell</p>\n<p>But that's not without its own set of concerns as vaccinations in the U.S. increase, demand for oil climbs and the economy opens more broadly, including over the summer. And the post-COVID travel season could turn costly for drivers.</p>\n<p>\"It seems these companies, for now, have demonstrated capital discipline, in a sector notorious for being unable to display capital discipline,\" Repoff told MarketWatch.</p>\n<p>\"But if we see demand of 100 million barrels a day return, that feels very ominous to me,\" he said, adding that it's unclear if U.S. producers will struggle to ramp up production.</p>\n<p>\"What if all the best shale, in aggregate, has been drilled already?\" Repoff said, while explaining how higher oil prices can be good for the oil industry, but also deflationary, even as the Federal Reserve expects the cost of living in America to overshoot its 2% inflation target for awhile during the recovery.</p>\n<p>\"When applied to the broader economy, it's effectively a tax on businesses and consumers, and at the systemwide level is ultimately deflationary,\" Repoff said of booming oil prices.</p>\n<p><b>$100 oil is a mixed blessing</b></p>\n<p>It took no time for COVID shutdowns to rattle the booming U.S. high-yield bond market last year, with defaults quickly jumping to a 10-year high of almost 5% and helping prompt the Fed to launch its first program ever of buying up corporate debt.</p>\n<p>Recently, as the sector has recovered, including with yields on the overall ICE BofA U.S. High Yield Index plunging near all-time lows of 4.1% , the Fed said it would sell its remaining corporate bond exposure.</p>\n<p>As a result, the so-called \"junk-bond\" market ended up with its highest-quality mix of companies by credit rating in at least a decade, but perhaps even 20 to 30 years, according to Feltus at Amundi, even while energy remains the sector's biggest exposure at about 13% of its benchmark high-yield index. That compares with a roughly 3% slice for energy in the S&amp;P 500 index, leaving investors in it grappling with swings in exposure.</p>\n<p>While energy has long been a key part of the U.S. high-yield market, oil booms haven't always been great over the long run for bond investors who help finance the sector.</p>\n<p>\"History says it depends on what else is going on in the market,\" said Marty Fridson, chief investment officer at Lehmann Livian Fridson Advisors, particularly when oil prices rise and fall around times of economic crisis.</p>\n<p>Starting in the summer of 2007, oil prices quickly advanced over eight months from $70.68 on June 29 to $101.84 on Feb. 29, 2008. But when Fridson looked at how the energy component fared over that stretch, it outperformed the ICE BofA US High Yield Index, returning 3.88% compared to negative 3.32%.</p>\n<p>Then, in the more protracted recovery phase, oil went from $70.61 on Sept. 30, 2009, to $96.07 on Feb. 28, 2011, while energy underperformed the index, 23.57% to 26.38%.</p>\n<p>Amundi's Feltus also pointed out that companies \"got religion for like six to 12 months of discipline,\" after each recent oil bust. \"This time breaks the record. But we can't let up the pressure.\"</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2142744202","content_text":"If demand returns to 100 million barrels a day, 'that feels very ominous to me,' debt pro warns.\n\nOil companies often find religion in the wake of a boom-and-bust cycle, including after last year when crude prices crashed into negative territory for the first time on record.\nBut with oil prices recently back near $70 a barrel, and some analysts speculating on the return to $100 during the COVID recovery, investors fear wildcatting and other risky financial behavior by energy companies will make a comeback.\n\"We lost a lot of our weakest companies,\" Andrew Feltus, co-director of high-yield at Amundi US, said of the ripple effects of oil futures going negative in April 2020 as demand collapsed with the first waves of COVID outbreaks and oil-producing giants Saudi Arabia and Russia waged an ugly price war.\n\"No one can exist in that type of situation for long,\" Feltus told MarketWatch. \"If you don't have enough money to survive, you are gone.\"\nCompany executives took those lessons for the U.S. energy complex to heart after pandemic shutdowns depressed oil demand and, for a period, led to higher borrowing costs in the sector. It also led to greater prudence.\nBut there's no telling how long the latest stretch of \"good\" energy company behavior -- actions preferred by their risk-wary lenders and investors -- will last. That's particularly true if prices shoot dramatically higher and breach $100 a barrel.\nAs Feltus said, \"$50 oil is the price we want. $70 is just gravy. With $100 oil, they will be dancing in the streets of Dallas.\"\nPrices for U.S. benchmark West Texas Intermediate crude for July delivery were near $70.75 a barrel on the New York Mercantile Exchange on Friday and headed for a weekly rise of about 1.7%.\nThis chart tracks the plunge and recovery of WTI since April 2020, with the red line highlighting the stretch in which prices stayed below $40 a barrel.\nKeeping up?\nPrices saw a boost Friday from the International Energy Agency, which said global oil demand would return to pre-COVID-19 pandemic levels by the end of next year.\nIEA also forecast demand to reach 100.6 million barrels a day by the end of 2022, while indicating that producers will need to boost output to keep up with demand.\nThe changing landscape for oil, including the increased focus by investors and the Biden administration on encouraging more environmentally sustainable practices, comes as a U.S. rig count has hovered at about half of pre-COVID levels, said Steve Repoff, portfolio manager at GW&K Investment.\nRead:Climate-change pressure builds on Big Oil after activist wins Exxon board seats, court ruling hits Shell\nBut that's not without its own set of concerns as vaccinations in the U.S. increase, demand for oil climbs and the economy opens more broadly, including over the summer. And the post-COVID travel season could turn costly for drivers.\n\"It seems these companies, for now, have demonstrated capital discipline, in a sector notorious for being unable to display capital discipline,\" Repoff told MarketWatch.\n\"But if we see demand of 100 million barrels a day return, that feels very ominous to me,\" he said, adding that it's unclear if U.S. producers will struggle to ramp up production.\n\"What if all the best shale, in aggregate, has been drilled already?\" Repoff said, while explaining how higher oil prices can be good for the oil industry, but also deflationary, even as the Federal Reserve expects the cost of living in America to overshoot its 2% inflation target for awhile during the recovery.\n\"When applied to the broader economy, it's effectively a tax on businesses and consumers, and at the systemwide level is ultimately deflationary,\" Repoff said of booming oil prices.\n$100 oil is a mixed blessing\nIt took no time for COVID shutdowns to rattle the booming U.S. high-yield bond market last year, with defaults quickly jumping to a 10-year high of almost 5% and helping prompt the Fed to launch its first program ever of buying up corporate debt.\nRecently, as the sector has recovered, including with yields on the overall ICE BofA U.S. High Yield Index plunging near all-time lows of 4.1% , the Fed said it would sell its remaining corporate bond exposure.\nAs a result, the so-called \"junk-bond\" market ended up with its highest-quality mix of companies by credit rating in at least a decade, but perhaps even 20 to 30 years, according to Feltus at Amundi, even while energy remains the sector's biggest exposure at about 13% of its benchmark high-yield index. That compares with a roughly 3% slice for energy in the S&P 500 index, leaving investors in it grappling with swings in exposure.\nWhile energy has long been a key part of the U.S. high-yield market, oil booms haven't always been great over the long run for bond investors who help finance the sector.\n\"History says it depends on what else is going on in the market,\" said Marty Fridson, chief investment officer at Lehmann Livian Fridson Advisors, particularly when oil prices rise and fall around times of economic crisis.\nStarting in the summer of 2007, oil prices quickly advanced over eight months from $70.68 on June 29 to $101.84 on Feb. 29, 2008. But when Fridson looked at how the energy component fared over that stretch, it outperformed the ICE BofA US High Yield Index, returning 3.88% compared to negative 3.32%.\nThen, in the more protracted recovery phase, oil went from $70.61 on Sept. 30, 2009, to $96.07 on Feb. 28, 2011, while energy underperformed the index, 23.57% to 26.38%.\nAmundi's Feltus also pointed out that companies \"got religion for like six to 12 months of discipline,\" after each recent oil bust. \"This time breaks the record. But we can't let up the pressure.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":440,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}