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Aaronkys

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- AaronkysAaronkys
  ·2021-06-11
  Short it
  After AMC Stock's Surge, Are These 3 Companies Next For Short Squeezes?
  Besides being targeted by above-average short interest, these companies are actually growing.
  After AMC Stock's Surge, Are These 3 Companies Next For Short Squeezes?
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- AaronkysAaronkys
  ·2021-06-11
  No way..
  Treasury yields fall, shrugging off hotter inflation report
  KEY POINTS The yield on the benchmark 10-year Treasury note fell less a basis point to 1.443% at 4:
  Treasury yields fall, shrugging off hotter inflation report
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- AaronkysAaronkys
  ·2021-06-11
  Very long
  How Much Longer Will Alibaba Stay Cheap?
  Summary Down over the past year, shares of Alibaba have not participated with the general rally in
  How Much Longer Will Alibaba Stay Cheap?
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- AaronkysAaronkys
  ·2021-06-11
  No way..
  Palantir: A Dilution Adjusted Value
  Palantir is a high-growth company that operates worldwide in both commercial and government segments.It has a powerful A.I. technology, however, having an A.I. seems to become a buzzword to justify skyrocket valuations.I initiate Palantir with a Bearish rating and a fair price of $14.45/share.Founded in 2003, Palantir started building a software platform for the intelligence community and later expanded to the commercial space. To this mean, two principal software platforms have been developed
  Palantir: A Dilution Adjusted Value
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- AaronkysAaronkys
  ·2021-06-11
  No way..
  Inflation Rate Climb Adds Impetus to Fed Policy Shift
  Central bankers are set to begin talking about easing bond purchases as soaring prices test patience
  Inflation Rate Climb Adds Impetus to Fed Policy Shift
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it&nbsp;","listText":"Short it&nbsp;","text":"Short it","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/181571175","repostId":"2142268662","repostType":4,"repost":{"id":"2142268662","kind":"highlight","pubTimestamp":1623401730,"share":"https://ttm.financial/m/news/2142268662?lang=&edition=fundamental","pubTime":"2021-06-11 16:55","market":"us","language":"en","title":"After AMC Stock's Surge, Are These 3 Companies Next For Short Squeezes?","url":"https://stock-news.laohu8.com/highlight/detail?id=2142268662","media":"Motley Fool","summary":"Besides being targeted by above-average short interest, these companies are actually growing.","content":"<p>It's been a wildly successful year for some retail investors. Stocks like <b>AMC Entertainment</b> and <b>GameStop</b> have skyrocketed higher because of short squeezes -- meaning that rising share prices have forced investors who've bet against the stocks to close out their positions by buying shares, creating even more upwards pressure on the share prices.</p>\n<p>However, if an underlying business isn't actually growing, a short squeeze is often only a temporary catalyst. Over the long term, this could be the case for AMC and GameStop if their resurgent share prices don't eventually equate to business growth.</p>\n<p>Three other stocks targeted by short-sellers that <i>are </i>growing, however, are <b>CrowdStrike Holdings </b>(NASDAQ:CRWD), <b>Stitch Fix</b> (NASDAQ:SFIX), and <b>PubMatic</b> (NASDAQ:PUBM). Here's why they could be next for a short squeeze.</p>\n<p><img src=\"https://static.tigerbbs.com/2ad8f36275309ed89645631fa95a5156\" tg-width=\"700\" tg-height=\"432\" referrerpolicy=\"no-referrer\"></p>\n<p>Image source: Getty Images.</p>\n<h3>1. CrowdStrike: The high-flying cybersecurity firm that can't be grounded</h3>\n<p>Admittedly, CrowdStrike has the lowest short interest of the three companies on this list. Shares sold short (when an investor bets against a company) sit at about 6% of total shares outstanding (the number of shares of a company in circulation), although the figure has been creeping higher in recent months.</p>\n<p>The reason the company is being targeted by short-sellers? CrowdStrike is valued at over 47 times trailing 12-month sales and over 147 times trailing 12-month free cash flow. It's an incredibly lofty premium that prices in double-digit-percentage growth for years to come. And this story isn't new. In the recent past, other cybersecurity firms were off to the races early on as public companies, only to give up their high-growth status just a year or two later. When that happens, shares take a dive. <b>FireEye</b> is just <a href=\"https://laohu8.com/S/AONE\">one</a> example, losing about half of its value back in 2015 when it experienced a fast cool off.</p>\n<p>So far, though, CrowdStrike and its cloud computing-based endpoint security suite have been a very different story. Now a few years out from its IPO, the company is still expanding at a torrid pace. Not only is cloud-based software in high demand, but security that covers employees no matter where they're working is too. And in a digital-first world, new methods to keep data out of the hands of those with nefarious intent is more important than ever.</p>\n<p>This plays right into the hands of CrowdStrike. During the first quarter of fiscal 2022 (the three months ended April 30, 2021), annualized revenue surged 74% higher from a year ago to $1.19 billion. And even as spending to maximize growth stayed high, free cash flow during the period was $117 million -- good for an enviable free cash flow profit margin of nearly 39%.</p>\n<p>CrowdStrike doesn't have the high short interest that sent AMC's stock into the stratosphere, but it is an above-average percentage that could cause the stock to pop if it keeps posting the kind of results it did to kick off its new fiscal year. With cybersecurity needs only expected to keep evolving in complexity in this new cloud era, CrowdStrike has plenty of opportunities ahead of it still.</p>\n<h3>2. Stitch Fix: A resurgence in apparel shopping</h3>\n<p>The world's leading personalized apparel retailer has also been beaten up by short-sellers. Short interest as of this writing is at 12% of shares outstanding, even though consumers are spending heavily on clothing this year after foregoing new threads during pandemic lockdowns in 2020. The U.S. Census Bureau reports apparel spending is up 58% through the end of April.</p>\n<p>A big reason for the bets against this growing apparel company is a downgrade in management's full-fiscal-year guidance back in March -- sales growth expectations were lowered from as much as 25% down to 20%. Plus Stitch Fix stock spiked in value at the start of 2021. Put another way, the company's valuation had gotten ahead of itself, and a pullback was in order.</p>\n<p>However, Stitch Fix is still on the right long-term trajectory, and shares are showing signs of life once again. The stock was up by a double-digit percentage following a stellar fiscal 2021 third-quarter report (the three months ended May 1, 2021). Revenue was up 44% year over year to $536 million as depressed financials from the start of the COVID-19 pandemic were lapped. This is impressive: The company actually remained in growth mode last year even as many of its brick-and-mortar peers suffered. Additionally, full-year sales guidance was adjusted again, this time getting bumped back up to about 21% growth over last year.</p>\n<p><img src=\"https://static.tigerbbs.com/fe75d660c89438e7f2882f675f55176e\" tg-width=\"700\" tg-height=\"700\" referrerpolicy=\"no-referrer\"></p>\n<p>Some of the clothing items from the Spring 2021 kids collection on Stitch Fix.Image source: Stitch Fix.</p>\n<p>Stitch Fix looks like a reasonably valued growth stock after the latest update at just over three times expected current-year revenue. It isn't profitable yet, but if it delivers on its latest financial guidance and continues to grow at a rapid pace as the economy reopens, this stock could soar higher once again.</p>\n<h3>3. PubMatic: An under-the-radar digital advertising platform</h3>\n<p>Digital advertising software firm PubMatic, which had its IPO in December 2020, has also been under attack from short-sellers. As of this writing, about 7% of shares outstanding were sold short. After making its public debut at the end of last year, PubMatic stock soared, nearly tripling in value at <a href=\"https://laohu8.com/S/AONE.U\">one</a> point within a couple of months' time. Suffice to say expectations needed to come back down to earth.</p>\n<p>And that's just what has happened. PubMatic stock is now back where it started in December, but the company itself is off to a great start in 2021. Revenue grew 54% year over year to $43.6 million during the first three months of the year, driven by a net dollar-based retention rate of 130% (implying existing customers spent 30% more on PubMatic's cloud-based ad management software than they did in 2020). The massive migration to TV streaming is at the heart of this huge growth rate, and with most TV ads still being placed via traditional linear formats (like cable), there's still lots of upside here.</p>\n<p>The rate of expansion will accelerate in Q2 as PubMatic also starts to lap financial results from last spring, a period during the first pandemic lockdowns when marketing briefly ground to a halt. PubMatic said to expect revenue to grow at least 70% year-over-year. Add to the mix a robust bottom line (free cash flow was $9.4 million in Q1, or 22% of revenue) and a balance sheet with $1.1 billion in cash and equivalents and no debt, this is one solid cloud software business.</p>\n<p>As of this writing, PubMatic trades for a respective nine and 53 times trailing 12-month sales and free cash flow. That's a pretty good long-term deal for a fast-growing company in an industry benefiting from secular trends as ads and marketing campaigns migrate to online formats. If short sellers start to close out their bets, it could be another tailwind that pushes this stock higher.</p>","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>After AMC Stock's Surge, Are These 3 Companies Next For Short Squeezes?</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\">\nAfter AMC Stock's Surge, Are These 3 Companies Next For Short Squeezes?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-11 16:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/06/10/after-amc-surge-companies-next-short-squeeze/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It's been a wildly successful year for some retail investors. Stocks like AMC Entertainment and GameStop have skyrocketed higher because of short squeezes -- meaning that rising share prices have ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/10/after-amc-surge-companies-next-short-squeeze/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PUBM":"PubMatic, Inc.","CRWD":"CrowdStrike Holdings, Inc.","SFIX":"Stitch Fix Inc."},"source_url":"https://www.fool.com/investing/2021/06/10/after-amc-surge-companies-next-short-squeeze/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2142268662","content_text":"It's been a wildly successful year for some retail investors. Stocks like AMC Entertainment and GameStop have skyrocketed higher because of short squeezes -- meaning that rising share prices have forced investors who've bet against the stocks to close out their positions by buying shares, creating even more upwards pressure on the share prices.\nHowever, if an underlying business isn't actually growing, a short squeeze is often only a temporary catalyst. Over the long term, this could be the case for AMC and GameStop if their resurgent share prices don't eventually equate to business growth.\nThree other stocks targeted by short-sellers that are growing, however, are CrowdStrike Holdings (NASDAQ:CRWD), Stitch Fix (NASDAQ:SFIX), and PubMatic (NASDAQ:PUBM). Here's why they could be next for a short squeeze.\n\nImage source: Getty Images.\n1. CrowdStrike: The high-flying cybersecurity firm that can't be grounded\nAdmittedly, CrowdStrike has the lowest short interest of the three companies on this list. Shares sold short (when an investor bets against a company) sit at about 6% of total shares outstanding (the number of shares of a company in circulation), although the figure has been creeping higher in recent months.\nThe reason the company is being targeted by short-sellers? CrowdStrike is valued at over 47 times trailing 12-month sales and over 147 times trailing 12-month free cash flow. It's an incredibly lofty premium that prices in double-digit-percentage growth for years to come. And this story isn't new. In the recent past, other cybersecurity firms were off to the races early on as public companies, only to give up their high-growth status just a year or two later. When that happens, shares take a dive. FireEye is just one example, losing about half of its value back in 2015 when it experienced a fast cool off.\nSo far, though, CrowdStrike and its cloud computing-based endpoint security suite have been a very different story. Now a few years out from its IPO, the company is still expanding at a torrid pace. Not only is cloud-based software in high demand, but security that covers employees no matter where they're working is too. And in a digital-first world, new methods to keep data out of the hands of those with nefarious intent is more important than ever.\nThis plays right into the hands of CrowdStrike. During the first quarter of fiscal 2022 (the three months ended April 30, 2021), annualized revenue surged 74% higher from a year ago to $1.19 billion. And even as spending to maximize growth stayed high, free cash flow during the period was $117 million -- good for an enviable free cash flow profit margin of nearly 39%.\nCrowdStrike doesn't have the high short interest that sent AMC's stock into the stratosphere, but it is an above-average percentage that could cause the stock to pop if it keeps posting the kind of results it did to kick off its new fiscal year. With cybersecurity needs only expected to keep evolving in complexity in this new cloud era, CrowdStrike has plenty of opportunities ahead of it still.\n2. Stitch Fix: A resurgence in apparel shopping\nThe world's leading personalized apparel retailer has also been beaten up by short-sellers. Short interest as of this writing is at 12% of shares outstanding, even though consumers are spending heavily on clothing this year after foregoing new threads during pandemic lockdowns in 2020. The U.S. Census Bureau reports apparel spending is up 58% through the end of April.\nA big reason for the bets against this growing apparel company is a downgrade in management's full-fiscal-year guidance back in March -- sales growth expectations were lowered from as much as 25% down to 20%. Plus Stitch Fix stock spiked in value at the start of 2021. Put another way, the company's valuation had gotten ahead of itself, and a pullback was in order.\nHowever, Stitch Fix is still on the right long-term trajectory, and shares are showing signs of life once again. The stock was up by a double-digit percentage following a stellar fiscal 2021 third-quarter report (the three months ended May 1, 2021). Revenue was up 44% year over year to $536 million as depressed financials from the start of the COVID-19 pandemic were lapped. This is impressive: The company actually remained in growth mode last year even as many of its brick-and-mortar peers suffered. Additionally, full-year sales guidance was adjusted again, this time getting bumped back up to about 21% growth over last year.\n\nSome of the clothing items from the Spring 2021 kids collection on Stitch Fix.Image source: Stitch Fix.\nStitch Fix looks like a reasonably valued growth stock after the latest update at just over three times expected current-year revenue. It isn't profitable yet, but if it delivers on its latest financial guidance and continues to grow at a rapid pace as the economy reopens, this stock could soar higher once again.\n3. PubMatic: An under-the-radar digital advertising platform\nDigital advertising software firm PubMatic, which had its IPO in December 2020, has also been under attack from short-sellers. As of this writing, about 7% of shares outstanding were sold short. After making its public debut at the end of last year, PubMatic stock soared, nearly tripling in value at one point within a couple of months' time. Suffice to say expectations needed to come back down to earth.\nAnd that's just what has happened. PubMatic stock is now back where it started in December, but the company itself is off to a great start in 2021. Revenue grew 54% year over year to $43.6 million during the first three months of the year, driven by a net dollar-based retention rate of 130% (implying existing customers spent 30% more on PubMatic's cloud-based ad management software than they did in 2020). The massive migration to TV streaming is at the heart of this huge growth rate, and with most TV ads still being placed via traditional linear formats (like cable), there's still lots of upside here.\nThe rate of expansion will accelerate in Q2 as PubMatic also starts to lap financial results from last spring, a period during the first pandemic lockdowns when marketing briefly ground to a halt. PubMatic said to expect revenue to grow at least 70% year-over-year. Add to the mix a robust bottom line (free cash flow was $9.4 million in Q1, or 22% of revenue) and a balance sheet with $1.1 billion in cash and equivalents and no debt, this is one solid cloud software business.\nAs of this writing, PubMatic trades for a respective nine and 53 times trailing 12-month sales and free cash flow. That's a pretty good long-term deal for a fast-growing company in an industry benefiting from secular trends as ads and marketing campaigns migrate to online formats. If short sellers start to close out their bets, it could be another tailwind that pushes this stock higher.","news_type":1},"isVote":1,"tweetType":1,"viewCount":133,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":181571085,"gmtCreate":1623404138947,"gmtModify":1704202679138,"author":{"id":"3570489668665232","authorId":"3570489668665232","name":"Aaronkys","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570489668665232","authorIdStr":"3570489668665232"},"themes":[],"htmlText":"No way..","listText":"No way..","text":"No way..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/181571085","repostId":"1151104697","repostType":4,"repost":{"id":"1151104697","kind":"news","pubTimestamp":1623402791,"share":"https://ttm.financial/m/news/1151104697?lang=&edition=fundamental","pubTime":"2021-06-11 17:13","market":"us","language":"en","title":"Treasury yields fall, shrugging off hotter inflation report","url":"https://stock-news.laohu8.com/highlight/detail?id=1151104697","media":"cnbc","summary":"KEY POINTS\n\nThe yield on the benchmark 10-year Treasury note fell less a basis point to 1.443% at 4:","content":"<div>\n<p>KEY POINTS\n\nThe yield on the benchmark 10-year Treasury note fell less a basis point to 1.443% at 4:15 a.m. ET. The yield on the 30-year Treasury bond dipped to 2.14%. Yields move inversely to prices....</p>\n\n<a href=\"https://www.cnbc.com/2021/06/11/us-bonds-treasury-yields-shrug-off-hotter-inflation-report.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Treasury yields fall, shrugging off hotter inflation report</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\">\nTreasury yields fall, shrugging off hotter inflation report\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-11 17:13 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/11/us-bonds-treasury-yields-shrug-off-hotter-inflation-report.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nThe yield on the benchmark 10-year Treasury note fell less a basis point to 1.443% at 4:15 a.m. ET. The yield on the 30-year Treasury bond dipped to 2.14%. Yields move inversely to prices....</p>\n\n<a href=\"https://www.cnbc.com/2021/06/11/us-bonds-treasury-yields-shrug-off-hotter-inflation-report.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite","SPY":"标普500ETF"},"source_url":"https://www.cnbc.com/2021/06/11/us-bonds-treasury-yields-shrug-off-hotter-inflation-report.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1151104697","content_text":"KEY POINTS\n\nThe yield on the benchmark 10-year Treasury note fell less a basis point to 1.443% at 4:15 a.m. ET. The yield on the 30-year Treasury bond dipped to 2.14%. Yields move inversely to prices.\nCredit Suisse International Wealth Management CIO Nannette Hechler Fayd’Herbe told CNBC on Friday that she expected a resurgence in higher Treasury yields in the second half of year, driven by more guidance from central banks.\nThe University of Michigan is set to release its national data for June on economic indicators at 10 a.m. ET on Friday, including consumer sentiment and inflation expectations.\n\nTreasury yields fell on Friday morning, as investors shrugged off the 5% annual jump in inflation reported in the previous session, given indications that rising pricing pressures could be transitory.\nThe yield on the benchmark10-year Treasury noteslipped to 1.443% at 4:15 a.m. ET. The yield on the30-year Treasury bonddipped to 2.14%. Yields move inversely to prices.\nThe core consumer price indexrose 5% in May on a year-on-year basis, the highest since the summer of 2008 and above the 4.7% increase expected by economists polled by Dow Jones.\nExcluding food and energy,core CPI rose 3.8% year over year, the highest pace since 1992. A third of the increase was attributed to a sharp 7.3% rise in used car and truck prices.\nNannette Hechler Fayd'Herbe, chief investment officer at Credit Suisse International Wealth Management, said that the recent falls in longer-dated Treasury yields, despite higher inflation, could be explained by economic \"growth momentum that is slowing.\"\nShe said that markets would soon be entering another phase, driven by the guidance that central banks will give on monetary policy. The Federal Reserve’s next policy meeting on June 15 and 16 could “launch markets into ... a second wave of interest rate increases as expectations of future monetary policy are also going to adjust,” she said. Hechler Fayd’Herbe expects a resurgence of higher yields for longer-dated Treasurys in the second half of the year.\nThe University of Michigan is set to release its national data for June on economic indicators at 10 a.m. ET on Friday, including consumer sentiment and inflation expectations.\nThere are no auctions due to be held Friday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":246,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":181573877,"gmtCreate":1623404121699,"gmtModify":1704202678169,"author":{"id":"3570489668665232","authorId":"3570489668665232","name":"Aaronkys","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570489668665232","authorIdStr":"3570489668665232"},"themes":[],"htmlText":"Very long&nbsp;","listText":"Very long&nbsp;","text":"Very long","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/181573877","repostId":"1180091968","repostType":4,"repost":{"id":"1180091968","kind":"news","pubTimestamp":1623403203,"share":"https://ttm.financial/m/news/1180091968?lang=&edition=fundamental","pubTime":"2021-06-11 17:20","market":"us","language":"en","title":"How Much Longer Will Alibaba Stay Cheap?","url":"https://stock-news.laohu8.com/highlight/detail?id=1180091968","media":"Seekingalpha","summary":"Summary\n\nDown over the past year, shares of Alibaba have not participated with the general rally in ","content":"<p><b>Summary</b></p>\n<ul>\n <li>Down over the past year, shares of Alibaba have not participated with the general rally in the markets.</li>\n <li>Alibaba is a strong business with accelerating free cash flow generation and a clean balance sheet. The company has deep pockets to continue growing.</li>\n <li>The valuation that shares trade at is compressed, but seems poised to rebound. Fundamentals eventually steer the share price.</li>\n</ul>\n<p>E-commerce has been a powerful investing theme throughout the pandemic. While many stocks that sell over the internet have been thriving, Chinese conglomerate Alibaba Group Holding Limited (BABA) has been a notable laggard. Shares of Alibaba are in the red over the past year, while the S&amp;P 500 has ripped higher, gaining 32%.</p>\n<p>Alibaba has been caught in some controversy surrounding thefailed IPOof Ant Group and its founderJack Ma. While the market has focused on these distractions, the actual underlying business of Alibaba is performing at a high level. With strong fundamentals and rapidly growing free cash flow, it's only a matter of time before the market begins to focus on what matters...the business. We will outline our investment thesis below.</p>\n<p><b>Free Cash Flow Growth Is Stellar</b></p>\n<p>Alibaba is a frequently covered business on Seeking Alpha, so I won't rehash the basics about the business or dive into the political controversy that has plagued the stock. Instead, I want to focus on the financial inflection point that Alibaba has recently hit.</p>\n<p>The company ended its fiscal year at the end of March. What we see is a diversified business with several growing segments that align with macroeconomic trends.</p>\n<p><img src=\"https://static.tigerbbs.com/862988aec2c33c72dc1786de483f952a\" tg-width=\"640\" tg-height=\"391\" referrerpolicy=\"no-referrer\">source: Alibaba Group Holding Limited</p>\n<p>The largest revenue contributor, of course, is the company's retail operations. While its commerce segment continues to narrate revenue growth (total core commerce grew 2020 revenues 42% versus company revenues growing 41%), some smaller segments are showing strong growth.</p>\n<p>For example, Alibaba's cloud computing operations grew 50% in 2020, and its new retail and direct sales businesses grew 94% year-over-year. What is most promising is that Alibaba is accelerating its free cash flow growth in recent years. The company's $26.35 billion in 2021 FCF is a 29% year-over-year jump from 2020. Alibaba grew FCF 25% from 2019 to 2020.</p>\n<p><img src=\"https://static.tigerbbs.com/ba9d4b224eedbd99d8d22f0a2092b204\" tg-width=\"640\" tg-height=\"98\" referrerpolicy=\"no-referrer\">source: Alibaba Holding Group Limited</p>\n<p>With $72 billion in cash on hand as of March 31st and the business generating more than $26 billion in free cash flow, Alibaba has deep pockets to develop its growing business segments and seek out opportunities to create new growth with M&amp;A or other developments.</p>\n<p><b>How Long Can Alibaba Stay \"Cheap\"?</b></p>\n<p>It's hard to understand just how beaten down Alibaba's stock is until you look at things from a free cash flow perspective. Alibaba is currently trading with an FCF yield approaching 6%. By comparison, the next highest FCF yield is Amazon (AMZN), with a yield of just 1.3%.</p>\n<p><img src=\"https://static.tigerbbs.com/3423f615c0dc856b040442e4ff17b78f\" tg-width=\"640\" tg-height=\"521\" referrerpolicy=\"no-referrer\">source: YCharts</p>\n<p>This is a tremendous discount to Alibaba's peer group, despite the company accelerating FCF growth and having a ton of cash on hand. And because Alibaba is a healthy and growing company, the stock is poised to become even more attractively valued.</p>\n<p><img src=\"https://static.tigerbbs.com/6d76517c900c76b94c5bd4aaf02ec91a\" tg-width=\"640\" tg-height=\"226\" referrerpolicy=\"no-referrer\">source: Seeking Alpha</p>\n<p>The company is estimated to continue growing revenues at a swift clip, approaching $210 billion in annual revenue over the next three years. If we apply the company's 24% conversion rate of revenue to FCF, that will give us 2024 FCF of $50 billion. In other words, an FCF yield of 8.6% on today's share price. This is simply something you don't often see for a company's stock growing so rapidly at such an already large size.</p>\n<p>The stock is clearly being punished for some of the drama that Alibaba has faced over the past year and some of the current tension between the United States and China. This is a risk that investors need to keep in mind, as anything can happen, and Alibaba may become collateral damage of political conflict. However, if it becomes clear to the market that the outlook is promising, Alibaba could aggressively rerate. Even if Alibaba saw its FCF yield fall to around 3%, it would imply an upside in shares of 46%. This would put Alibaba at an enterprise value of more than $800 billion, but I believe those shoes the company could certainly fill.</p>\n<p><b>Wrapping Up</b></p>\n<p>Alibaba is a fantastic business that has been caught up in some political drama. Despite its size, the company is growing rapidly, is profitable, and generates tons of free cash flow. Investors cannot ignore the political risks, but the upside is tremendous for brave and patient investors.</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 Much Longer Will Alibaba Stay Cheap?</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 Much Longer Will Alibaba Stay Cheap?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-11 17:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4434229-how-much-longer-will-alibaba-stay-cheap><strong>Seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nDown over the past year, shares of Alibaba have not participated with the general rally in the markets.\nAlibaba is a strong business with accelerating free cash flow generation and a clean ...</p>\n\n<a href=\"https://seekingalpha.com/article/4434229-how-much-longer-will-alibaba-stay-cheap\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴","09988":"阿里巴巴-W"},"source_url":"https://seekingalpha.com/article/4434229-how-much-longer-will-alibaba-stay-cheap","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180091968","content_text":"Summary\n\nDown over the past year, shares of Alibaba have not participated with the general rally in the markets.\nAlibaba is a strong business with accelerating free cash flow generation and a clean balance sheet. The company has deep pockets to continue growing.\nThe valuation that shares trade at is compressed, but seems poised to rebound. Fundamentals eventually steer the share price.\n\nE-commerce has been a powerful investing theme throughout the pandemic. While many stocks that sell over the internet have been thriving, Chinese conglomerate Alibaba Group Holding Limited (BABA) has been a notable laggard. Shares of Alibaba are in the red over the past year, while the S&P 500 has ripped higher, gaining 32%.\nAlibaba has been caught in some controversy surrounding thefailed IPOof Ant Group and its founderJack Ma. While the market has focused on these distractions, the actual underlying business of Alibaba is performing at a high level. With strong fundamentals and rapidly growing free cash flow, it's only a matter of time before the market begins to focus on what matters...the business. We will outline our investment thesis below.\nFree Cash Flow Growth Is Stellar\nAlibaba is a frequently covered business on Seeking Alpha, so I won't rehash the basics about the business or dive into the political controversy that has plagued the stock. Instead, I want to focus on the financial inflection point that Alibaba has recently hit.\nThe company ended its fiscal year at the end of March. What we see is a diversified business with several growing segments that align with macroeconomic trends.\nsource: Alibaba Group Holding Limited\nThe largest revenue contributor, of course, is the company's retail operations. While its commerce segment continues to narrate revenue growth (total core commerce grew 2020 revenues 42% versus company revenues growing 41%), some smaller segments are showing strong growth.\nFor example, Alibaba's cloud computing operations grew 50% in 2020, and its new retail and direct sales businesses grew 94% year-over-year. What is most promising is that Alibaba is accelerating its free cash flow growth in recent years. The company's $26.35 billion in 2021 FCF is a 29% year-over-year jump from 2020. Alibaba grew FCF 25% from 2019 to 2020.\nsource: Alibaba Holding Group Limited\nWith $72 billion in cash on hand as of March 31st and the business generating more than $26 billion in free cash flow, Alibaba has deep pockets to develop its growing business segments and seek out opportunities to create new growth with M&A or other developments.\nHow Long Can Alibaba Stay \"Cheap\"?\nIt's hard to understand just how beaten down Alibaba's stock is until you look at things from a free cash flow perspective. Alibaba is currently trading with an FCF yield approaching 6%. By comparison, the next highest FCF yield is Amazon (AMZN), with a yield of just 1.3%.\nsource: YCharts\nThis is a tremendous discount to Alibaba's peer group, despite the company accelerating FCF growth and having a ton of cash on hand. And because Alibaba is a healthy and growing company, the stock is poised to become even more attractively valued.\nsource: Seeking Alpha\nThe company is estimated to continue growing revenues at a swift clip, approaching $210 billion in annual revenue over the next three years. If we apply the company's 24% conversion rate of revenue to FCF, that will give us 2024 FCF of $50 billion. In other words, an FCF yield of 8.6% on today's share price. This is simply something you don't often see for a company's stock growing so rapidly at such an already large size.\nThe stock is clearly being punished for some of the drama that Alibaba has faced over the past year and some of the current tension between the United States and China. This is a risk that investors need to keep in mind, as anything can happen, and Alibaba may become collateral damage of political conflict. However, if it becomes clear to the market that the outlook is promising, Alibaba could aggressively rerate. Even if Alibaba saw its FCF yield fall to around 3%, it would imply an upside in shares of 46%. This would put Alibaba at an enterprise value of more than $800 billion, but I believe those shoes the company could certainly fill.\nWrapping Up\nAlibaba is a fantastic business that has been caught up in some political drama. Despite its size, the company is growing rapidly, is profitable, and generates tons of free cash flow. Investors cannot ignore the political risks, but the upside is tremendous for brave and patient investors.","news_type":1},"isVote":1,"tweetType":1,"viewCount":107,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":181573908,"gmtCreate":1623404106804,"gmtModify":1704202679784,"author":{"id":"3570489668665232","authorId":"3570489668665232","name":"Aaronkys","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570489668665232","authorIdStr":"3570489668665232"},"themes":[],"htmlText":"No way..","listText":"No way..","text":"No way..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/181573908","repostId":"1113838701","repostType":4,"repost":{"id":"1113838701","kind":"news","pubTimestamp":1623403425,"share":"https://ttm.financial/m/news/1113838701?lang=&edition=fundamental","pubTime":"2021-06-11 17:23","market":"us","language":"en","title":"Palantir: A Dilution Adjusted Value","url":"https://stock-news.laohu8.com/highlight/detail?id=1113838701","media":"seekingalpha","summary":"Palantir is a high-growth company that operates worldwide in both commercial and government segments.It has a powerful A.I.  technology, however, having an A.I. seems to become a buzzword to justify skyrocket valuations.I initiate Palantir with a Bearish rating and a fair price of $14.45/share.Founded in 2003, Palantir  started building a software platform for the intelligence community and later expanded to the commercial space. To this mean, two principal software platforms have been developed","content":"<p><b>Summary</b></p>\n<ul>\n <li>Palantir is a high-growth company that operates worldwide in both commercial and government segments.</li>\n <li>It has a powerful A.I. (Cognitive Computing) technology, however, having an A.I. seems to become a buzzword to justify skyrocket valuations.</li>\n <li>I initiate Palantir with a Bearish rating and a fair price of $14.45/share.</li>\n</ul>\n<p><b>Company Overview</b></p>\n<p>Founded in 2003, Palantir (PLTR) started building a software platform for the intelligence community and later expanded to the commercial space. To this mean, two principal software platforms have been developed, Palantir Gotham and Palantir Foundry. Both serve as a central operating system and enable customers to integrate their data and operations.</p>\n<ol>\n <li>Gotham is a platform constructedprimarily for analysts at defense and intelligence agencies. Gotham enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants. The Gotham platform can also be used by commercial customers (e.g., by the financial services industry in connection with fraud investigations).</li>\n <li>Foundry is a platform used by organizations (e.g., Airbus (OTCPK:EADSF)) to manage a big amount of data involved in complex projects. It transforms the ways organizations operate by creating a central operating system for their data. Individual users can integrate and analyze the data they need in one place. The speed with which users can experiment and test new ideas is what makes the software stick.</li>\n <li>Apollo is a delivery software that powers Foundry and Gotham platforms and enables them to run in any environment. Apollo aims to provide the latest features in the hands of customers without disrupting operations.</li>\n</ol>\n<p>The company operates worldwide and in particular in the U.S., U.K., France, and other parts of the world. Below I display its revenue breakdown by segment and by geography.</p>\n<p><img src=\"https://static.tigerbbs.com/9d03eb66b96b4d77da5936226da87d10\" tg-width=\"640\" tg-height=\"238\" referrerpolicy=\"no-referrer\"></p>\n<p>Source:<i>Author's Estimates using data from the latest10-K report</i></p>\n<p>Using the trailing twelve-month numbers, we can see that the government segment accounts for 58% (vs. 42% in 2018A) of Palantir's total revenue, while the commercial segment 48%(vs. 57% in 2018A).</p>\n<p><b>Company Analysis</b></p>\n<p>I initiate Palantir with a Bearish rating and a fair price of $14.45/share (vs. current price of $24.38/share). As we all know the discounted cash flow model is a valuable tool to assess a company's fair value, however, to be able to implement it we need to make a lot of assumptions. One of those assumptions we have to make is about the company's future growth. But how can we assess the company's future growth? There are different ways in which we accomplish this, but any of this is \"the one.\"</p>\n<p>Usually, the first step we want to take is to assess whether the company possesses a sustainable economic moat. A sustainable economic moat is what distinguishes a leader from a laggard, and it tells us what kind of margin of safety we should require on the stock. The absence of an economic moat translates into a higher margin of safety. It is not an easy task to assess whether the company has one and different approaches can be used. In this case, I would like to do it by analyzing the company's free cash flow, margins, and return on equity. Below, I display the key indicators we need.</p>\n<p><img src=\"https://static.tigerbbs.com/ab3592c45dd11931534a65c171b42df2\" tg-width=\"640\" tg-height=\"304\" referrerpolicy=\"no-referrer\"></p>\n<p>Source:<i>Author's Estimates using data from the latest 10-K report</i></p>\n<p>From the numbers displayed above, you can immediately point out that something is not going in the right way. The gross margin (or production profitability) is fine and it is equal at 69.9% 2021TTM, however, the operating margin is not fine at all, and it is equal to -101.1% (we can observe the same picture looking at the net margin). In fact, if we look at the operating expenses as a % of revenues, we can find that this number is equal to 171%. Below I display the results.</p>\n<p><img src=\"https://static.tigerbbs.com/cb6af16f471180179056796c4f30820d\" tg-width=\"544\" tg-height=\"117\" referrerpolicy=\"no-referrer\"></p>\n<p>Source<i>Author's Estimates using data from the latest 10-K report</i></p>\n<p>Next, as we can expect from these numbers, ROE is a negative number. A negative ROE tells us that the company is destroying value to its shareholders. What about free cash flow margin? We can observe, more or less, the same pattern as with operating margins. Further, by looking at the cash flow statement deeper we can find out a very clear pattern - the company brings in cash by issuing every year more shares. It is usually seen as a red flag when looking at the company cash flow statement we find out that the primary pump for the company's cash flow is not the cash flow from operating activities. Overall, any of these metrics seem to suggest that a company has a sustainable economic moat.</p>\n<p><b>Discounted Cash Flow Model</b></p>\n<p>Now, let's turn to the discounted cash flow valuation part. Below, you can see the results with the relative assumptions I have made.</p>\n<p><img src=\"https://static.tigerbbs.com/dfe7d504567011f28eb91b3e31fe1cd8\" tg-width=\"640\" tg-height=\"258\" referrerpolicy=\"no-referrer\"></p>\n<p>Source:<i>Author's Estimates using data from the latest 10-K report</i></p>\n<p>In the discounted cash flow model I used as the base year numbers the trailing twelve months numbers. For the top line (revenues), I assumed a growth rate of 49% for the next year, in line with the current revenue growth pattern and the new unfolding opportunities. For the Y2-Y5, I assumed a CAGR of 30%, this is what I believe is a reasonable growth rate. I allow the company to grow with a sales to capital ratio of 1.02 (90th percentile vs peers) and with a current WACC of 6.9%.</p>\n<p>I assumed an operating margin for the next year equal to -67% and a target operating margin of 31.2% (85th percentile vs peers). If you are wondering who are the peers which I used to make my assumption, well, those are companies like Alteryx (AYX), Microsoft (MSFT), Oracle (ORCL), Datadog (DDOG), etc.</p>\n<p>A lot of investors seem to believe that there is a hidden value in Palantir and they put unrealistic assumptions to justify their findings. Even if there may be one, the dilution effect is keeping the stock from going higher. Investors don't seem to understand this and the company rides the wave by issuing more shares at an unjustified price.</p>\n<p>The central value ($7.34/share) that you can see in my sensitivity analysis is what I found as a fair value using my DCF model, while the prices in the green area are prices that may be justified (even if it is hard to assume such a high CAGR, perhaps unrealistic). The sensitivity analysis is intentionally skewed to the right since there are more bulls than bears in the room.</p>\n<p><img src=\"https://static.tigerbbs.com/689c747c7d01668b6d6978063ee0ce3f\" tg-width=\"640\" tg-height=\"227\" referrerpolicy=\"no-referrer\"></p>\n<p>Source:<i>Author's Estimates using data from the latest 10-K report</i></p>\n<p>Using my assumptions, I found that the fair value for the company according to the DCF model is $7.34/share. Now you may say, this is not the same fair value I stated at the beginning. Totally right, you caught me. The fair value that I assign to the company is equal to $14.45/share which is an algorithm-based estimate which accounts for different factors, among others: DCF-based fair value, momentum, etc.</p>\n<p><b>Final Thoughts</b></p>\n<p>Palantir is a high-growth company that operates worldwide in both commercial and government segments. It has a powerful A.I. (Cognitive Computing) technology, however, having an A.I. seems to become a buzzword to justify skyrocket valuations. The company seems to understand it and it rides the wave by diluting shareholders' equity. I don't like to see such moves from the company, and even if the company may offer some price appreciation, the risk is not worth the bet (unless you like gambling, do you?).</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>Palantir: A Dilution Adjusted Value</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\">\nPalantir: A Dilution Adjusted Value\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-11 17:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4434192-palantir-a-dilution-adjusted-value><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nPalantir is a high-growth company that operates worldwide in both commercial and government segments.\nIt has a powerful A.I. (Cognitive Computing) technology, however, having an A.I. seems to...</p>\n\n<a href=\"https://seekingalpha.com/article/4434192-palantir-a-dilution-adjusted-value\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLTR":"Palantir Technologies Inc."},"source_url":"https://seekingalpha.com/article/4434192-palantir-a-dilution-adjusted-value","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1113838701","content_text":"Summary\n\nPalantir is a high-growth company that operates worldwide in both commercial and government segments.\nIt has a powerful A.I. (Cognitive Computing) technology, however, having an A.I. seems to become a buzzword to justify skyrocket valuations.\nI initiate Palantir with a Bearish rating and a fair price of $14.45/share.\n\nCompany Overview\nFounded in 2003, Palantir (PLTR) started building a software platform for the intelligence community and later expanded to the commercial space. To this mean, two principal software platforms have been developed, Palantir Gotham and Palantir Foundry. Both serve as a central operating system and enable customers to integrate their data and operations.\n\nGotham is a platform constructedprimarily for analysts at defense and intelligence agencies. Gotham enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants. The Gotham platform can also be used by commercial customers (e.g., by the financial services industry in connection with fraud investigations).\nFoundry is a platform used by organizations (e.g., Airbus (OTCPK:EADSF)) to manage a big amount of data involved in complex projects. It transforms the ways organizations operate by creating a central operating system for their data. Individual users can integrate and analyze the data they need in one place. The speed with which users can experiment and test new ideas is what makes the software stick.\nApollo is a delivery software that powers Foundry and Gotham platforms and enables them to run in any environment. Apollo aims to provide the latest features in the hands of customers without disrupting operations.\n\nThe company operates worldwide and in particular in the U.S., U.K., France, and other parts of the world. Below I display its revenue breakdown by segment and by geography.\n\nSource:Author's Estimates using data from the latest10-K report\nUsing the trailing twelve-month numbers, we can see that the government segment accounts for 58% (vs. 42% in 2018A) of Palantir's total revenue, while the commercial segment 48%(vs. 57% in 2018A).\nCompany Analysis\nI initiate Palantir with a Bearish rating and a fair price of $14.45/share (vs. current price of $24.38/share). As we all know the discounted cash flow model is a valuable tool to assess a company's fair value, however, to be able to implement it we need to make a lot of assumptions. One of those assumptions we have to make is about the company's future growth. But how can we assess the company's future growth? There are different ways in which we accomplish this, but any of this is \"the one.\"\nUsually, the first step we want to take is to assess whether the company possesses a sustainable economic moat. A sustainable economic moat is what distinguishes a leader from a laggard, and it tells us what kind of margin of safety we should require on the stock. The absence of an economic moat translates into a higher margin of safety. It is not an easy task to assess whether the company has one and different approaches can be used. In this case, I would like to do it by analyzing the company's free cash flow, margins, and return on equity. Below, I display the key indicators we need.\n\nSource:Author's Estimates using data from the latest 10-K report\nFrom the numbers displayed above, you can immediately point out that something is not going in the right way. The gross margin (or production profitability) is fine and it is equal at 69.9% 2021TTM, however, the operating margin is not fine at all, and it is equal to -101.1% (we can observe the same picture looking at the net margin). In fact, if we look at the operating expenses as a % of revenues, we can find that this number is equal to 171%. Below I display the results.\n\nSourceAuthor's Estimates using data from the latest 10-K report\nNext, as we can expect from these numbers, ROE is a negative number. A negative ROE tells us that the company is destroying value to its shareholders. What about free cash flow margin? We can observe, more or less, the same pattern as with operating margins. Further, by looking at the cash flow statement deeper we can find out a very clear pattern - the company brings in cash by issuing every year more shares. It is usually seen as a red flag when looking at the company cash flow statement we find out that the primary pump for the company's cash flow is not the cash flow from operating activities. Overall, any of these metrics seem to suggest that a company has a sustainable economic moat.\nDiscounted Cash Flow Model\nNow, let's turn to the discounted cash flow valuation part. Below, you can see the results with the relative assumptions I have made.\n\nSource:Author's Estimates using data from the latest 10-K report\nIn the discounted cash flow model I used as the base year numbers the trailing twelve months numbers. For the top line (revenues), I assumed a growth rate of 49% for the next year, in line with the current revenue growth pattern and the new unfolding opportunities. For the Y2-Y5, I assumed a CAGR of 30%, this is what I believe is a reasonable growth rate. I allow the company to grow with a sales to capital ratio of 1.02 (90th percentile vs peers) and with a current WACC of 6.9%.\nI assumed an operating margin for the next year equal to -67% and a target operating margin of 31.2% (85th percentile vs peers). If you are wondering who are the peers which I used to make my assumption, well, those are companies like Alteryx (AYX), Microsoft (MSFT), Oracle (ORCL), Datadog (DDOG), etc.\nA lot of investors seem to believe that there is a hidden value in Palantir and they put unrealistic assumptions to justify their findings. Even if there may be one, the dilution effect is keeping the stock from going higher. Investors don't seem to understand this and the company rides the wave by issuing more shares at an unjustified price.\nThe central value ($7.34/share) that you can see in my sensitivity analysis is what I found as a fair value using my DCF model, while the prices in the green area are prices that may be justified (even if it is hard to assume such a high CAGR, perhaps unrealistic). The sensitivity analysis is intentionally skewed to the right since there are more bulls than bears in the room.\n\nSource:Author's Estimates using data from the latest 10-K report\nUsing my assumptions, I found that the fair value for the company according to the DCF model is $7.34/share. Now you may say, this is not the same fair value I stated at the beginning. Totally right, you caught me. The fair value that I assign to the company is equal to $14.45/share which is an algorithm-based estimate which accounts for different factors, among others: DCF-based fair value, momentum, etc.\nFinal Thoughts\nPalantir is a high-growth company that operates worldwide in both commercial and government segments. It has a powerful A.I. (Cognitive Computing) technology, however, having an A.I. seems to become a buzzword to justify skyrocket valuations. The company seems to understand it and it rides the wave by diluting shareholders' equity. I don't like to see such moves from the company, and even if the company may offer some price appreciation, the risk is not worth the bet (unless you like gambling, do you?).","news_type":1},"isVote":1,"tweetType":1,"viewCount":55,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":181579471,"gmtCreate":1623404084593,"gmtModify":1704202677522,"author":{"id":"3570489668665232","authorId":"3570489668665232","name":"Aaronkys","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570489668665232","authorIdStr":"3570489668665232"},"themes":[],"htmlText":"No way..","listText":"No way..","text":"No way..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/181579471","repostId":"1114956060","repostType":4,"repost":{"id":"1114956060","kind":"news","pubTimestamp":1623403683,"share":"https://ttm.financial/m/news/1114956060?lang=&edition=fundamental","pubTime":"2021-06-11 17:28","market":"us","language":"en","title":"Inflation Rate Climb Adds Impetus to Fed Policy Shift","url":"https://stock-news.laohu8.com/highlight/detail?id=1114956060","media":"The Wall Street Journal","summary":"Central bankers are set to begin talking about easing bond purchases as soaring prices test patience","content":"<blockquote>\n Central bankers are set to begin talking about easing bond purchases as soaring prices test patience.\n</blockquote>\n<p>WASHINGTON—The recent inflation surge gives Federal Reserve officials further reason to begin discussing an eventual wind-down of their pandemic-driven easy-money policies at their meeting next week.</p>\n<p>A growing number of economists are becoming concerned that the Fed could fall behind the curve on inflation as it seeks to aid the labor market’s recovery. If that happened, the central bank would have to tighten policy more abruptly than economists and market participants currently anticipate, dealing a potential blow to the economy and fueling market volatility.</p>\n<p>“The intensity of the current inflation and the current bottlenecks in supply chains and labor markets is greater than I had anticipated,” said former Fed Vice Chairman Donald Kohn, adding that he still shares the central bank’s belief that the inflation pickup is temporary. “But it also could be that the underlying demand-supply balance will not correct as readily or as comfortably as the Fed and I had expected earlier. It’s got my inflation antenna quivering.”</p>\n<p><img src=\"https://static.tigerbbs.com/49af371440294f4e99311c66545c2930\" tg-width=\"333\" tg-height=\"417\">The first step in what is expected to be a gradual process of scaling back easy money would be to slow Fed purchases of mortgage and government bonds, something Fed Chairman Jerome Powell has said he’s not in a hurry to do.</p>\n<p>Consumerprices rose 5% in Mayfrom a year earlier, the Labor Department said Thursday. So-called core prices, which exclude volatile food and energy components, rose 3.8%, the largest annual jump since 1992. That followed strong price increases in April as well. The Fed seeks 2% inflation over the medium term, though it uses a different index as a gauge.</p>\n<p>Central bankers note that the recent increase in inflation has been powered by an unusual combination of supply bottlenecks and pent-up demand from consumers emerging from their homes—pressures that should ease on their own later this year.</p>\n<p>But Thursday’s data raise the stakes for the Fed as it begins to weigh pulling back on stimulative policies rolled out early in the pandemic.</p>\n<p>Since last year, the Fed has held its key overnight interest rate near zero and has been buying at least $120 billion a month of Treasury and mortgage bonds. Its goal is to fuel the economy’s recovery by providing cheap credit.</p>\n<p>Economists say the easy money is likely exacerbating some of the imbalances that are pushing up prices, since it fuels demand without directly boosting the supply of workers, cars or airplane tickets. A key risk is that price increases become large or persistent enough that consumers and businesses begin to expect and accept higher inflation. If that happens, the Fed would likely have to raise interest rates more than it currently anticipates to bring down those expectations.</p>\n<p>For decades, the Fed relied on forecasts of inflation to guide its monetary policy, knowing that interest-rate increases or cuts can take months or years to filter through the economy. If the forecasts showed excessive inflation looming, the Fed tightened policy to prevent inflation from rising that much.</p>\n<p>But last August, after more than a decade of below-target inflation, the Fed scrapped that strategy for one that prioritizes a strong labor market. Under the new strategy, if the economy is below full employment, the Fed will wait until it sees evidence of persistently above-target inflation before tightening policy.</p>\n<p>Fed officials have said since December that they won’t raise interest rates until the labor market has returned to maximum employment and inflation has risen to 2% and is on track to rise moderately higher for some time.</p>\n<p>They haven’t said how high they would be comfortable letting inflation go or for how long, but the sheer size of the recent price increases suggests it is on track to meet or exceed the Fed’s target sooner than was expected just a few months ago.</p>\n<p>Central bankers have warned in recent remarks that they would act sooner if inflation becomes a problem.</p>\n<p>Julia Coronado, a former Fed economist and president of MacroPolicy Perspectives LLC, said she doesn’t think recent inflation data call for the Fed to change course.</p>\n<p>“These price pressures are very narrowly focused on things that seem like they will be obviously transitory,” Ms. Coronado said. “Think about this: We are at the most intense moment. It will not get more intense than this. We are reopening. We are blasting stimulus into the economy with a fire hose. We’ve got monetary policy at maximum stimulation.”</p>\n<p>Mark Carney, a veteran central banker who led the Bank of England from 2013 to 2020 and the Bank of Canada from 2008 to 2013, said he sees growing evidence that the tightness in the U.S. labor market and related price pressures could extend beyond the short term.</p>\n<p>“The prospect of inflation being above target for longer than the makeup of the past undershoot—I think the balance of risks is headed in that direction at this stage,” Mr. Carney said in a Brookings Institution event Monday.</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>Inflation Rate Climb Adds Impetus to Fed Policy Shift</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\">\nInflation Rate Climb Adds Impetus to Fed Policy Shift\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-11 17:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/inflation-rate-climb-adds-impetus-to-fed-policy-shift-11623341429?mod=markets_lead_pos1><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Central bankers are set to begin talking about easing bond purchases as soaring prices test patience.\n\nWASHINGTON—The recent inflation surge gives Federal Reserve officials further reason to begin ...</p>\n\n<a href=\"https://www.wsj.com/articles/inflation-rate-climb-adds-impetus-to-fed-policy-shift-11623341429?mod=markets_lead_pos1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯","SPY":"标普500ETF"},"source_url":"https://www.wsj.com/articles/inflation-rate-climb-adds-impetus-to-fed-policy-shift-11623341429?mod=markets_lead_pos1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114956060","content_text":"Central bankers are set to begin talking about easing bond purchases as soaring prices test patience.\n\nWASHINGTON—The recent inflation surge gives Federal Reserve officials further reason to begin discussing an eventual wind-down of their pandemic-driven easy-money policies at their meeting next week.\nA growing number of economists are becoming concerned that the Fed could fall behind the curve on inflation as it seeks to aid the labor market’s recovery. If that happened, the central bank would have to tighten policy more abruptly than economists and market participants currently anticipate, dealing a potential blow to the economy and fueling market volatility.\n“The intensity of the current inflation and the current bottlenecks in supply chains and labor markets is greater than I had anticipated,” said former Fed Vice Chairman Donald Kohn, adding that he still shares the central bank’s belief that the inflation pickup is temporary. “But it also could be that the underlying demand-supply balance will not correct as readily or as comfortably as the Fed and I had expected earlier. It’s got my inflation antenna quivering.”\nThe first step in what is expected to be a gradual process of scaling back easy money would be to slow Fed purchases of mortgage and government bonds, something Fed Chairman Jerome Powell has said he’s not in a hurry to do.\nConsumerprices rose 5% in Mayfrom a year earlier, the Labor Department said Thursday. So-called core prices, which exclude volatile food and energy components, rose 3.8%, the largest annual jump since 1992. That followed strong price increases in April as well. The Fed seeks 2% inflation over the medium term, though it uses a different index as a gauge.\nCentral bankers note that the recent increase in inflation has been powered by an unusual combination of supply bottlenecks and pent-up demand from consumers emerging from their homes—pressures that should ease on their own later this year.\nBut Thursday’s data raise the stakes for the Fed as it begins to weigh pulling back on stimulative policies rolled out early in the pandemic.\nSince last year, the Fed has held its key overnight interest rate near zero and has been buying at least $120 billion a month of Treasury and mortgage bonds. Its goal is to fuel the economy’s recovery by providing cheap credit.\nEconomists say the easy money is likely exacerbating some of the imbalances that are pushing up prices, since it fuels demand without directly boosting the supply of workers, cars or airplane tickets. A key risk is that price increases become large or persistent enough that consumers and businesses begin to expect and accept higher inflation. If that happens, the Fed would likely have to raise interest rates more than it currently anticipates to bring down those expectations.\nFor decades, the Fed relied on forecasts of inflation to guide its monetary policy, knowing that interest-rate increases or cuts can take months or years to filter through the economy. If the forecasts showed excessive inflation looming, the Fed tightened policy to prevent inflation from rising that much.\nBut last August, after more than a decade of below-target inflation, the Fed scrapped that strategy for one that prioritizes a strong labor market. Under the new strategy, if the economy is below full employment, the Fed will wait until it sees evidence of persistently above-target inflation before tightening policy.\nFed officials have said since December that they won’t raise interest rates until the labor market has returned to maximum employment and inflation has risen to 2% and is on track to rise moderately higher for some time.\nThey haven’t said how high they would be comfortable letting inflation go or for how long, but the sheer size of the recent price increases suggests it is on track to meet or exceed the Fed’s target sooner than was expected just a few months ago.\nCentral bankers have warned in recent remarks that they would act sooner if inflation becomes a problem.\nJulia Coronado, a former Fed economist and president of MacroPolicy Perspectives LLC, said she doesn’t think recent inflation data call for the Fed to change course.\n“These price pressures are very narrowly focused on things that seem like they will be obviously transitory,” Ms. Coronado said. “Think about this: We are at the most intense moment. It will not get more intense than this. We are reopening. We are blasting stimulus into the economy with a fire hose. We’ve got monetary policy at maximum stimulation.”\nMark Carney, a veteran central banker who led the Bank of England from 2013 to 2020 and the Bank of Canada from 2008 to 2013, said he sees growing evidence that the tightness in the U.S. labor market and related price pressures could extend beyond the short term.\n“The prospect of inflation being above target for longer than the makeup of the past undershoot—I think the balance of risks is headed in that direction at this stage,” Mr. Carney said in a Brookings Institution event Monday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":122,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}