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- Terry888Terry888
  ·2021-07-29
  O
  LIVE MARKETS-GDP, jobless claims, pending home sales: Toeing the Powell line
  * Major U.S. indexes modestly higher; small caps outperform * Materials lead S&P sector gainers; C
  LIVE MARKETS-GDP, jobless claims, pending home sales: Toeing the Powell line
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- Terry888Terry888
  ·2021-06-24
  Nice
  Apple banks on physical stores as economies reopen, retail chief says
  By Stephen Nellis June 24 (Reuters) - Apple Inc is expanding retail operations as the United St
  Apple banks on physical stores as economies reopen, retail chief says
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- Terry888Terry888
  ·2021-06-21
  Nice
  Tesla’s Profitability and the Surprising Thing That Could Threaten It
  Rising competition in the electric vehicle space could not only put a crimp in Tesla’s growth rate,
  Tesla’s Profitability and the Surprising Thing That Could Threaten It
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- Terry888Terry888
  ·2021-06-21
  Nice
  LIVE MARKETS-Growth on the comeback trail vs Value
  * U.S. equity index futures point to opening strength * Euro STOXX 600 index up ~0.3% * Dollar,
  LIVE MARKETS-Growth on the comeback trail vs Value
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You can share your thoughts with us at markets.research@thomsonreuters.com </p><p>   GDP, JOBLESS CLAIMS, PENDING HOME SALES: TOEING THE POWELL LINE (1055 EDT/1455 GMT)</p><p>   Data released on Thursday dutifully affirmed Federal Reserve Chair Jerome Powell's assertion that while the U.S. economy is on track to full recovery from the shortest recession in history, we're not quite there yet.     </p><p>   The U.S. economy grew at a 6.5% quarterly annualized rate in the second quarter according to the Commerce Department's first stab at the data   , coming in well below the 8.5% analysts hoped for.  </p><p>   Still, it shows a solid quarter of growth - and an acceleration from the 6.3% January-to-March expansion - fueled in large part by an American consumer flush with stimulus and savings.</p><p>   The data \"marks a key milestone in the recovery as the US economy more than recouped the output lost during the coronavirus recession and likely reached peak growth,\" writes Lydia Boussour, lead U.S. economist at Oxford Economics. \"The peak may be behind us, but we expect the economy to carry strong momentum into 2022.\"</p><p>   Robust business investment also boosted the headline, which was nevertheless held back by net trade and inventories. A 9.8% drop in residential construction expenditures was also a drag (more on that later).</p><p>   As always, the consumer - responsible for 70% of the economy - did most of the heavy lifting. Their spending jumped by 11.8% and contributed 7.8 percentage points to the net gain.</p><p>   Calling the 11.8% figure \"stellar,\" Boussour goes on to say that the jump in economic growth comes courtesy of \"buoyant domestic demand to which supply is only slowly adjusting.\"</p><p>   The number of U.S. workers filing first-time applications for unemployment benefits    edged down by 24,000 last week to an even 400,000, according to the Labor Department.</p><p>   Claims data has been volatile in recent weeks as many states led by Republican governors canceled emergency federal benefits, and as the auto industry, stricken by a chip shortage, shut plants for their annual retooling.</p><p>   While any decline in weekly unemployment applications is welcome news, particularly compared with the headspinning 6.149 million in April 2020, the number continues to hover well above the 200,000 to 250,000 range associated with healthy labor market churn, adding further cred to Powell's claims that the jobs recovery is far from complete.</p><p>   For context, more Americans filed initial claims last week than live in New Orleans.</p><p>   \"The underlying trend probably is still downwards,\" says Ian Shepherdson, chief economist at Pantheon Macroeconomics, who adds that \"though the spread of the Delta Covid variant clearly raises the risk of renewed layoffs in the leisure and hospitality sectors in the hardest-hit states, if people choose to reduce their social interactions as cases rise.\"</p><p>   Ongoing claims   , reported on a <a href=\"https://laohu8.com/S/AONE.U\">one</a>-week lag, unexpectedly edged higher to 3.269 million, remaining at nearly double their pre-pandemic level.</p><p>   Finally, remember the 9.8% drop in residential construction expenditures tucked away in the GDP report? </p><p>   Among the housing market's most forward-looking indicators, pending sales of pre-owned U.S. homes    unexpectedly dropped by 1.9% in June, according to the National Association of Realtors <a href=\"https://laohu8.com/S/NAR.UK\">$(NAR.UK)$</a>.</p><p>   While the sector was the undisputed star during the initial stages of the economic recovery, it has increasingly become a victim of its own success.</p><p>   A pandemic-driven flight to the suburbs drove demand sky-high, which in turn pushed inventories to record lows and home prices into orbit, beyond the grasp of many potential buyers.</p><p>   While inventories have begun to recover, most housing indicators have come back to earth, returning to pre-COVID levels.</p><p>   \"Buyers are still interested and want to own a home, but record-high home prices are causing some to retreat,\" writes Lawrence Yun, chief economist at NAR.</p><p>   Wall Street appears to be taking a \"Goldilocks\" view of the data. It's moving in the right direction, but not with a strength that is likely to prompt the Fed to shift its dovish tone.</p><p>   All three U.S. stock indexes are green, with economically sensitive cyclicals, small caps    and transports    leading the charge.</p><p>   (Stephen Culp)</p><p>   *****</p><p>   S&amp;P 500, DOW INDUSTRIALS, HIT NEW HIGHS, NASDAQ LAGS (1004 EDT/1404 GMT)</p><p>   The Dow Jones Industrial Average   , and S&amp;P 500    hit fresh intraday record highs in the early going of Thursday's session as a slate of strong corporate earnings reports and data showing a pickup in U.S. economic growth reinforced optimism around a steady post-pandemic recovery.   </p><p>   The Nasdaq Composite    is also gaining, but is still around 0.5% shy of its 14,863.646 July 26 record-intraday high.</p><p>   That said, all of the major indexes are now off their early highs.</p><p>   In any event, small caps   , banks   , transports</p><p> , and chip stocks    are among the outperformers so far, and nearly all major S&amp;P 500 sectors are green with a slight tilt for value    over growth   .</p><p>   Communication Services    is the sole losing sector, dragged down by weakness in <a href=\"https://laohu8.com/S/FB\">Facebook</a>   .  . With this, the NYSE FANG+TM index    is now slightly red on the day. Amazon.com    is due to report quarterly numbers after the close.</p><p>   Here is where markets stand in early trade:</p><p>   (Terence Gabriel)</p><p>   *****</p><p>   S&amp;P 500 AND A SWELTERING SUMMER (0900 EDT/1300 GMT)</p><p>   It's been a steamy summer across the U.S. this year. That said, as July nears its close, the S&amp;P 500    has also been running especially hot:</p><p>   The benchmark index is on track to rise for a sixth straight month, which would be its longest monthly winning streak since a 6-month run of gains from April to September 2018. Once that streak ended, the SPX promptly collapsed about 20% into its late-December 2018 low.</p><p>   With the recent run of gains, the monthly RSI has now risen to a sweltering 81.8, or its most overbought level since January 2018's all-time high of 94.2.</p><p>   Additionally, monthly volatility close-to-close has collapsed to its lowest level since September 2018, the same month that the last six-month winning-streak ended.</p><p>   Given the RSI's steamy level, a monthly down-tick that puts it back below the 70.00 overbought threshold, will likely coincide with a rise in volatility, and a return of instability.</p><p>   Conversely, if the SPX can continue to advance, and the RSI challenges its all-time high, it will once again, be historically overbought. Of note, January 2018's extreme RSI reading preceded a protracted period of rising volatility. </p><p>   (Terence Gabriel)</p><p>   *****</p><p>   FOR THURSDAY'S LIVE MARKETS' POSTS PRIOR TO 0900 EDT/1300 GMT - CLICK HERE:  </p><p>    &lt;^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ SPX07292021     earlytrade07292021     GDP     Jobless claims     Pending home sales    </p><p>   ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^&gt;</p><p>(Terence Gabriel is a Reuters market analyst. The views expressed are his own)</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>LIVE MARKETS-GDP, jobless claims, pending home sales: Toeing the Powell line</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\">\nLIVE MARKETS-GDP, jobless claims, pending home sales: Toeing the Powell line\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-07-29 22:55</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>* Major U.S. indexes modestly higher; small caps outperform</p><p>   * Materials lead S&amp;P sector gainers; Comm Svcs weakest group</p><p>   * Euro STOXX 600 index up ~0.4%</p><p>   * Dollar, bitcoin down; gold, crude rise</p><p>   * U.S. 10-Year Treasury yield ~1.27%</p><p>    July 29 - Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com </p><p>   GDP, JOBLESS CLAIMS, PENDING HOME SALES: TOEING THE POWELL LINE (1055 EDT/1455 GMT)</p><p>   Data released on Thursday dutifully affirmed Federal Reserve Chair Jerome Powell's assertion that while the U.S. economy is on track to full recovery from the shortest recession in history, we're not quite there yet.     </p><p>   The U.S. economy grew at a 6.5% quarterly annualized rate in the second quarter according to the Commerce Department's first stab at the data   , coming in well below the 8.5% analysts hoped for.  </p><p>   Still, it shows a solid quarter of growth - and an acceleration from the 6.3% January-to-March expansion - fueled in large part by an American consumer flush with stimulus and savings.</p><p>   The data \"marks a key milestone in the recovery as the US economy more than recouped the output lost during the coronavirus recession and likely reached peak growth,\" writes Lydia Boussour, lead U.S. economist at Oxford Economics. \"The peak may be behind us, but we expect the economy to carry strong momentum into 2022.\"</p><p>   Robust business investment also boosted the headline, which was nevertheless held back by net trade and inventories. A 9.8% drop in residential construction expenditures was also a drag (more on that later).</p><p>   As always, the consumer - responsible for 70% of the economy - did most of the heavy lifting. Their spending jumped by 11.8% and contributed 7.8 percentage points to the net gain.</p><p>   Calling the 11.8% figure \"stellar,\" Boussour goes on to say that the jump in economic growth comes courtesy of \"buoyant domestic demand to which supply is only slowly adjusting.\"</p><p>   The number of U.S. workers filing first-time applications for unemployment benefits    edged down by 24,000 last week to an even 400,000, according to the Labor Department.</p><p>   Claims data has been volatile in recent weeks as many states led by Republican governors canceled emergency federal benefits, and as the auto industry, stricken by a chip shortage, shut plants for their annual retooling.</p><p>   While any decline in weekly unemployment applications is welcome news, particularly compared with the headspinning 6.149 million in April 2020, the number continues to hover well above the 200,000 to 250,000 range associated with healthy labor market churn, adding further cred to Powell's claims that the jobs recovery is far from complete.</p><p>   For context, more Americans filed initial claims last week than live in New Orleans.</p><p>   \"The underlying trend probably is still downwards,\" says Ian Shepherdson, chief economist at Pantheon Macroeconomics, who adds that \"though the spread of the Delta Covid variant clearly raises the risk of renewed layoffs in the leisure and hospitality sectors in the hardest-hit states, if people choose to reduce their social interactions as cases rise.\"</p><p>   Ongoing claims   , reported on a <a href=\"https://laohu8.com/S/AONE.U\">one</a>-week lag, unexpectedly edged higher to 3.269 million, remaining at nearly double their pre-pandemic level.</p><p>   Finally, remember the 9.8% drop in residential construction expenditures tucked away in the GDP report? </p><p>   Among the housing market's most forward-looking indicators, pending sales of pre-owned U.S. homes    unexpectedly dropped by 1.9% in June, according to the National Association of Realtors <a href=\"https://laohu8.com/S/NAR.UK\">$(NAR.UK)$</a>.</p><p>   While the sector was the undisputed star during the initial stages of the economic recovery, it has increasingly become a victim of its own success.</p><p>   A pandemic-driven flight to the suburbs drove demand sky-high, which in turn pushed inventories to record lows and home prices into orbit, beyond the grasp of many potential buyers.</p><p>   While inventories have begun to recover, most housing indicators have come back to earth, returning to pre-COVID levels.</p><p>   \"Buyers are still interested and want to own a home, but record-high home prices are causing some to retreat,\" writes Lawrence Yun, chief economist at NAR.</p><p>   Wall Street appears to be taking a \"Goldilocks\" view of the data. It's moving in the right direction, but not with a strength that is likely to prompt the Fed to shift its dovish tone.</p><p>   All three U.S. stock indexes are green, with economically sensitive cyclicals, small caps    and transports    leading the charge.</p><p>   (Stephen Culp)</p><p>   *****</p><p>   S&amp;P 500, DOW INDUSTRIALS, HIT NEW HIGHS, NASDAQ LAGS (1004 EDT/1404 GMT)</p><p>   The Dow Jones Industrial Average   , and S&amp;P 500    hit fresh intraday record highs in the early going of Thursday's session as a slate of strong corporate earnings reports and data showing a pickup in U.S. economic growth reinforced optimism around a steady post-pandemic recovery.   </p><p>   The Nasdaq Composite    is also gaining, but is still around 0.5% shy of its 14,863.646 July 26 record-intraday high.</p><p>   That said, all of the major indexes are now off their early highs.</p><p>   In any event, small caps   , banks   , transports</p><p> , and chip stocks    are among the outperformers so far, and nearly all major S&amp;P 500 sectors are green with a slight tilt for value    over growth   .</p><p>   Communication Services    is the sole losing sector, dragged down by weakness in <a href=\"https://laohu8.com/S/FB\">Facebook</a>   .  . With this, the NYSE FANG+TM index    is now slightly red on the day. Amazon.com    is due to report quarterly numbers after the close.</p><p>   Here is where markets stand in early trade:</p><p>   (Terence Gabriel)</p><p>   *****</p><p>   S&amp;P 500 AND A SWELTERING SUMMER (0900 EDT/1300 GMT)</p><p>   It's been a steamy summer across the U.S. this year. That said, as July nears its close, the S&amp;P 500    has also been running especially hot:</p><p>   The benchmark index is on track to rise for a sixth straight month, which would be its longest monthly winning streak since a 6-month run of gains from April to September 2018. Once that streak ended, the SPX promptly collapsed about 20% into its late-December 2018 low.</p><p>   With the recent run of gains, the monthly RSI has now risen to a sweltering 81.8, or its most overbought level since January 2018's all-time high of 94.2.</p><p>   Additionally, monthly volatility close-to-close has collapsed to its lowest level since September 2018, the same month that the last six-month winning-streak ended.</p><p>   Given the RSI's steamy level, a monthly down-tick that puts it back below the 70.00 overbought threshold, will likely coincide with a rise in volatility, and a return of instability.</p><p>   Conversely, if the SPX can continue to advance, and the RSI challenges its all-time high, it will once again, be historically overbought. Of note, January 2018's extreme RSI reading preceded a protracted period of rising volatility. </p><p>   (Terence Gabriel)</p><p>   *****</p><p>   FOR THURSDAY'S LIVE MARKETS' POSTS PRIOR TO 0900 EDT/1300 GMT - CLICK HERE:  </p><p>    &lt;^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ SPX07292021     earlytrade07292021     GDP     Jobless claims     Pending home sales    </p><p>   ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^&gt;</p><p>(Terence Gabriel is a Reuters market analyst. The views expressed are his own)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"POWL":"Powell Industries",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"http://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2155284183","content_text":"* Major U.S. indexes modestly higher; small caps outperform   * Materials lead S&P sector gainers; Comm Svcs weakest group   * Euro STOXX 600 index up ~0.4%   * Dollar, bitcoin down; gold, crude rise   * U.S. 10-Year Treasury yield ~1.27%    July 29 - Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com    GDP, JOBLESS CLAIMS, PENDING HOME SALES: TOEING THE POWELL LINE (1055 EDT/1455 GMT)   Data released on Thursday dutifully affirmed Federal Reserve Chair Jerome Powell's assertion that while the U.S. economy is on track to full recovery from the shortest recession in history, we're not quite there yet.        The U.S. economy grew at a 6.5% quarterly annualized rate in the second quarter according to the Commerce Department's first stab at the data   , coming in well below the 8.5% analysts hoped for.     Still, it shows a solid quarter of growth - and an acceleration from the 6.3% January-to-March expansion - fueled in large part by an American consumer flush with stimulus and savings.   The data \"marks a key milestone in the recovery as the US economy more than recouped the output lost during the coronavirus recession and likely reached peak growth,\" writes Lydia Boussour, lead U.S. economist at Oxford Economics. \"The peak may be behind us, but we expect the economy to carry strong momentum into 2022.\"   Robust business investment also boosted the headline, which was nevertheless held back by net trade and inventories. A 9.8% drop in residential construction expenditures was also a drag (more on that later).   As always, the consumer - responsible for 70% of the economy - did most of the heavy lifting. Their spending jumped by 11.8% and contributed 7.8 percentage points to the net gain.   Calling the 11.8% figure \"stellar,\" Boussour goes on to say that the jump in economic growth comes courtesy of \"buoyant domestic demand to which supply is only slowly adjusting.\"   The number of U.S. workers filing first-time applications for unemployment benefits    edged down by 24,000 last week to an even 400,000, according to the Labor Department.   Claims data has been volatile in recent weeks as many states led by Republican governors canceled emergency federal benefits, and as the auto industry, stricken by a chip shortage, shut plants for their annual retooling.   While any decline in weekly unemployment applications is welcome news, particularly compared with the headspinning 6.149 million in April 2020, the number continues to hover well above the 200,000 to 250,000 range associated with healthy labor market churn, adding further cred to Powell's claims that the jobs recovery is far from complete.   For context, more Americans filed initial claims last week than live in New Orleans.   \"The underlying trend probably is still downwards,\" says Ian Shepherdson, chief economist at Pantheon Macroeconomics, who adds that \"though the spread of the Delta Covid variant clearly raises the risk of renewed layoffs in the leisure and hospitality sectors in the hardest-hit states, if people choose to reduce their social interactions as cases rise.\"   Ongoing claims   , reported on a one-week lag, unexpectedly edged higher to 3.269 million, remaining at nearly double their pre-pandemic level.   Finally, remember the 9.8% drop in residential construction expenditures tucked away in the GDP report?    Among the housing market's most forward-looking indicators, pending sales of pre-owned U.S. homes    unexpectedly dropped by 1.9% in June, according to the National Association of Realtors $(NAR.UK)$.   While the sector was the undisputed star during the initial stages of the economic recovery, it has increasingly become a victim of its own success.   A pandemic-driven flight to the suburbs drove demand sky-high, which in turn pushed inventories to record lows and home prices into orbit, beyond the grasp of many potential buyers.   While inventories have begun to recover, most housing indicators have come back to earth, returning to pre-COVID levels.   \"Buyers are still interested and want to own a home, but record-high home prices are causing some to retreat,\" writes Lawrence Yun, chief economist at NAR.   Wall Street appears to be taking a \"Goldilocks\" view of the data. It's moving in the right direction, but not with a strength that is likely to prompt the Fed to shift its dovish tone.   All three U.S. stock indexes are green, with economically sensitive cyclicals, small caps    and transports    leading the charge.   (Stephen Culp)   *****   S&P 500, DOW INDUSTRIALS, HIT NEW HIGHS, NASDAQ LAGS (1004 EDT/1404 GMT)   The Dow Jones Industrial Average   , and S&P 500    hit fresh intraday record highs in the early going of Thursday's session as a slate of strong corporate earnings reports and data showing a pickup in U.S. economic growth reinforced optimism around a steady post-pandemic recovery.      The Nasdaq Composite    is also gaining, but is still around 0.5% shy of its 14,863.646 July 26 record-intraday high.   That said, all of the major indexes are now off their early highs.   In any event, small caps   , banks   , transports , and chip stocks    are among the outperformers so far, and nearly all major S&P 500 sectors are green with a slight tilt for value    over growth   .   Communication Services    is the sole losing sector, dragged down by weakness in Facebook   .  . With this, the NYSE FANG+TM index    is now slightly red on the day. Amazon.com    is due to report quarterly numbers after the close.   Here is where markets stand in early trade:   (Terence Gabriel)   *****   S&P 500 AND A SWELTERING SUMMER (0900 EDT/1300 GMT)   It's been a steamy summer across the U.S. this year. That said, as July nears its close, the S&P 500    has also been running especially hot:   The benchmark index is on track to rise for a sixth straight month, which would be its longest monthly winning streak since a 6-month run of gains from April to September 2018. Once that streak ended, the SPX promptly collapsed about 20% into its late-December 2018 low.   With the recent run of gains, the monthly RSI has now risen to a sweltering 81.8, or its most overbought level since January 2018's all-time high of 94.2.   Additionally, monthly volatility close-to-close has collapsed to its lowest level since September 2018, the same month that the last six-month winning-streak ended.   Given the RSI's steamy level, a monthly down-tick that puts it back below the 70.00 overbought threshold, will likely coincide with a rise in volatility, and a return of instability.   Conversely, if the SPX can continue to advance, and the RSI challenges its all-time high, it will once again, be historically overbought. Of note, January 2018's extreme RSI reading preceded a protracted period of rising volatility.    (Terence Gabriel)   *****   FOR THURSDAY'S LIVE MARKETS' POSTS PRIOR TO 0900 EDT/1300 GMT - CLICK HERE:      <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ SPX07292021     earlytrade07292021     GDP     Jobless claims     Pending home sales       ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>(Terence Gabriel is a Reuters market analyst. The views expressed are his own)","news_type":1},"isVote":1,"tweetType":1,"viewCount":154,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126940964,"gmtCreate":1624543050758,"gmtModify":1703839876843,"author":{"id":"3571806796080670","authorId":"3571806796080670","name":"Terry888","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571806796080670","idStr":"3571806796080670"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/126940964","repostId":"2145425050","repostType":2,"repost":{"id":"2145425050","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1624542658,"share":"https://ttm.financial/m/news/2145425050?lang=&edition=fundamental","pubTime":"2021-06-24 21:50","market":"us","language":"en","title":"Apple banks on physical stores as economies reopen, retail chief says","url":"https://stock-news.laohu8.com/highlight/detail?id=2145425050","media":"Reuters","summary":"By Stephen Nellis   June 24 (Reuters) - Apple Inc    is expanding retail operations as the United St","content":"<html><body><p>By Stephen Nellis</p><p>   June 24 (Reuters) - Apple Inc    is expanding retail operations as the United States emerges from the pandemic, betting that a combination of strategies developed before and during COVID-19 will make its stores more popular than ever, its retail chief told Reuters.</p><p>   Apple is doing this as the retail industry works out what the post-pandemic future will look like, including consumers who have become used to ordering almost everything online.</p><p>   For Apple, the answer is keeping what helped it through the pandemic, and doubling down on its pre-pandemic strategy of in-store events and experiences beyond shopping.</p><p>   The express counters that popped up to help customers more efficiently pick up online orders, for example, will become regular features of Apple's 500-plus stores around the world, all of which have reopened as of June 14.</p><p>   The iPhone maker is also adding a new \"Creative Studios\" program, starting in Los Angeles and Beijing, that aims to teach young people from underrepresented communities to use Apple products to create music, films and photography. That adds to a broader array of classes based out of the stores designed to bring in customers in contact with Apple more frequently.</p><p>   \"We're looking at this moment right now as a way to really begin again, and begin again in every way,\" Deirdre O'Brien, Apple's senior vice president of retail and people, told Reuters as the company prepared on Thursday to open a new store at the renovated <a href=\"https://laohu8.com/S/TWR.AU\">Tower</a> Theatre in downtown Los Angeles, Apple's second new U.S. retail outlet since the beginning of the pandemic.</p><p>   Apple boomed during the pandemic, hitting $2 trillion in market capitalization in August 2020 and setting records for sales of iPhones and several other categories. </p><p>   One of the retail-related weak spots in its financial results, analysts said, was a slowdown in sales of AppleCare, a device insurance plan that is often an upsell during a store visit but easier for consumers to skip online. Apple also experienced supply chain missteps over the past year, delivering its iPhone 12 later than usual last year and saying in April that the global semiconductor shortage would cost it several billion dollars in sales.</p><p>   PERSONAL EXPERIENCE</p><p>   Part of Apple's retail success amid closures was streamlining its buy-online, pick-up-in-person process. Apple's long-held retail strategy has been to encourage customers to wander its airy stores to touch and feel its devices. </p><p>   During the pandemic, Apple re-worked many stores to have small express counters designed to facilitate pickups quickly but still give a personal touch, sometimes by following up online or by phone later to set up devices.</p><p>   \"The goal was really for speed, which is very different than what we usually experience in a retail store,\" O'Brien said. \"We want to make sure that in that experience that they can come in, quickly get the product they want. But we do want to make sure that we can also have a quick conversation with them to make sure that they have everything they need.\"</p><p>   As local rules allow, Apple is returning to in-person events and classes at its stores. The \"Creative Studios\" effort will eventually roll out to other major cities, O'Brien said. </p><p>   Carolina Milanesi, principal analyst at Creative Strategies, said programs like those, in addition to courses designed to teach computer coding and other tech skills, are ways for Apple to bolster its brand with consumers between purchases.</p><p>   “The more they can get you to use the device, the more engaged you are, the more loyal you’re going to be,\" Milanesi said. </p><p> (Reporting by Stephen Nellis in San Francisco Editing by Peter Henderson and Frances Kerry)</p><p>((Stephen.Nellis@thomsonreuters.com; (415) 344-4934;))</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>Apple banks on physical stores as economies reopen, retail chief says</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\">\nApple banks on physical stores as economies reopen, retail chief says\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-24 21:50</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>By Stephen Nellis</p><p>   June 24 (Reuters) - Apple Inc    is expanding retail operations as the United States emerges from the pandemic, betting that a combination of strategies developed before and during COVID-19 will make its stores more popular than ever, its retail chief told Reuters.</p><p>   Apple is doing this as the retail industry works out what the post-pandemic future will look like, including consumers who have become used to ordering almost everything online.</p><p>   For Apple, the answer is keeping what helped it through the pandemic, and doubling down on its pre-pandemic strategy of in-store events and experiences beyond shopping.</p><p>   The express counters that popped up to help customers more efficiently pick up online orders, for example, will become regular features of Apple's 500-plus stores around the world, all of which have reopened as of June 14.</p><p>   The iPhone maker is also adding a new \"Creative Studios\" program, starting in Los Angeles and Beijing, that aims to teach young people from underrepresented communities to use Apple products to create music, films and photography. That adds to a broader array of classes based out of the stores designed to bring in customers in contact with Apple more frequently.</p><p>   \"We're looking at this moment right now as a way to really begin again, and begin again in every way,\" Deirdre O'Brien, Apple's senior vice president of retail and people, told Reuters as the company prepared on Thursday to open a new store at the renovated <a href=\"https://laohu8.com/S/TWR.AU\">Tower</a> Theatre in downtown Los Angeles, Apple's second new U.S. retail outlet since the beginning of the pandemic.</p><p>   Apple boomed during the pandemic, hitting $2 trillion in market capitalization in August 2020 and setting records for sales of iPhones and several other categories. </p><p>   One of the retail-related weak spots in its financial results, analysts said, was a slowdown in sales of AppleCare, a device insurance plan that is often an upsell during a store visit but easier for consumers to skip online. Apple also experienced supply chain missteps over the past year, delivering its iPhone 12 later than usual last year and saying in April that the global semiconductor shortage would cost it several billion dollars in sales.</p><p>   PERSONAL EXPERIENCE</p><p>   Part of Apple's retail success amid closures was streamlining its buy-online, pick-up-in-person process. Apple's long-held retail strategy has been to encourage customers to wander its airy stores to touch and feel its devices. </p><p>   During the pandemic, Apple re-worked many stores to have small express counters designed to facilitate pickups quickly but still give a personal touch, sometimes by following up online or by phone later to set up devices.</p><p>   \"The goal was really for speed, which is very different than what we usually experience in a retail store,\" O'Brien said. \"We want to make sure that in that experience that they can come in, quickly get the product they want. But we do want to make sure that we can also have a quick conversation with them to make sure that they have everything they need.\"</p><p>   As local rules allow, Apple is returning to in-person events and classes at its stores. The \"Creative Studios\" effort will eventually roll out to other major cities, O'Brien said. </p><p>   Carolina Milanesi, principal analyst at Creative Strategies, said programs like those, in addition to courses designed to teach computer coding and other tech skills, are ways for Apple to bolster its brand with consumers between purchases.</p><p>   “The more they can get you to use the device, the more engaged you are, the more loyal you’re going to be,\" Milanesi said. </p><p> (Reporting by Stephen Nellis in San Francisco Editing by Peter Henderson and Frances Kerry)</p><p>((Stephen.Nellis@thomsonreuters.com; (415) 344-4934;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09086":"华夏纳指-U","AAPL":"苹果","03086":"华夏纳指"},"source_url":"http://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145425050","content_text":"By Stephen Nellis   June 24 (Reuters) - Apple Inc    is expanding retail operations as the United States emerges from the pandemic, betting that a combination of strategies developed before and during COVID-19 will make its stores more popular than ever, its retail chief told Reuters.   Apple is doing this as the retail industry works out what the post-pandemic future will look like, including consumers who have become used to ordering almost everything online.   For Apple, the answer is keeping what helped it through the pandemic, and doubling down on its pre-pandemic strategy of in-store events and experiences beyond shopping.   The express counters that popped up to help customers more efficiently pick up online orders, for example, will become regular features of Apple's 500-plus stores around the world, all of which have reopened as of June 14.   The iPhone maker is also adding a new \"Creative Studios\" program, starting in Los Angeles and Beijing, that aims to teach young people from underrepresented communities to use Apple products to create music, films and photography. That adds to a broader array of classes based out of the stores designed to bring in customers in contact with Apple more frequently.   \"We're looking at this moment right now as a way to really begin again, and begin again in every way,\" Deirdre O'Brien, Apple's senior vice president of retail and people, told Reuters as the company prepared on Thursday to open a new store at the renovated Tower Theatre in downtown Los Angeles, Apple's second new U.S. retail outlet since the beginning of the pandemic.   Apple boomed during the pandemic, hitting $2 trillion in market capitalization in August 2020 and setting records for sales of iPhones and several other categories.    One of the retail-related weak spots in its financial results, analysts said, was a slowdown in sales of AppleCare, a device insurance plan that is often an upsell during a store visit but easier for consumers to skip online. Apple also experienced supply chain missteps over the past year, delivering its iPhone 12 later than usual last year and saying in April that the global semiconductor shortage would cost it several billion dollars in sales.   PERSONAL EXPERIENCE   Part of Apple's retail success amid closures was streamlining its buy-online, pick-up-in-person process. Apple's long-held retail strategy has been to encourage customers to wander its airy stores to touch and feel its devices.    During the pandemic, Apple re-worked many stores to have small express counters designed to facilitate pickups quickly but still give a personal touch, sometimes by following up online or by phone later to set up devices.   \"The goal was really for speed, which is very different than what we usually experience in a retail store,\" O'Brien said. \"We want to make sure that in that experience that they can come in, quickly get the product they want. But we do want to make sure that we can also have a quick conversation with them to make sure that they have everything they need.\"   As local rules allow, Apple is returning to in-person events and classes at its stores. The \"Creative Studios\" effort will eventually roll out to other major cities, O'Brien said.    Carolina Milanesi, principal analyst at Creative Strategies, said programs like those, in addition to courses designed to teach computer coding and other tech skills, are ways for Apple to bolster its brand with consumers between purchases.   “The more they can get you to use the device, the more engaged you are, the more loyal you’re going to be,\" Milanesi said.  (Reporting by Stephen Nellis in San Francisco Editing by Peter Henderson and Frances Kerry)((Stephen.Nellis@thomsonreuters.com; (415) 344-4934;))","news_type":1},"isVote":1,"tweetType":1,"viewCount":167,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167487077,"gmtCreate":1624282457199,"gmtModify":1703832347475,"author":{"id":"3571806796080670","authorId":"3571806796080670","name":"Terry888","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571806796080670","idStr":"3571806796080670"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/167487077","repostId":"1100861051","repostType":2,"repost":{"id":"1100861051","kind":"news","pubTimestamp":1624280482,"share":"https://ttm.financial/m/news/1100861051?lang=&edition=fundamental","pubTime":"2021-06-21 21:01","market":"us","language":"en","title":"Tesla’s Profitability and the Surprising Thing That Could Threaten It","url":"https://stock-news.laohu8.com/highlight/detail?id=1100861051","media":"The Street","summary":"Rising competition in the electric vehicle space could not only put a crimp in Tesla’s growth rate, ","content":"<blockquote>\n Rising competition in the electric vehicle space could not only put a crimp in Tesla’s growth rate, but diminish a big source of income as well.\n</blockquote>\n<p>The explosion in electric vehicle (EV) demand has served to vindicate the vision of Tesla’s&nbsp;(<b>TSLA</b>) -Get Report&nbsp;celebrity CEO Elon Musk. Indeed, the surge in demand for EVs has not only vindicated his foresight, but allowed his company to remain a market leader above late-coming competitors.</p>\n<p>However, while the company Musk leads as Technoking is no doubt a market leader, it has not solely cashed in by beating its competitors in terms of sales. Instead, a key to the company's recent turn to profitability has come from taking advantage of government incentives and selling the excess incentives it holds to these very same competitors. And now that many of these competitors are engaging more aggressively in EVs themselves, Tesla may soon find itself without many of these customers and, therefore, without a significant contributor to its profits.</p>\n<p><b>Raking in the Regulatory Credits</b></p>\n<p>The credits that Tesla has handsomely profited from are tradable credits offered by various governments around the world for zero-emission vehicles. The fact that they are tradable is crucial since this allows Tesla to sell the credits to other automakers who might not otherwise comply with emission standards without the use of these credits. The set-up allows Tesla to book the credits as purely additive to its top line, with the automakers buying these credits avoiding hefty fines from regulators.</p>\n<p>Per Tesla’s most recent 10-K filing, the company earned $1.58 billion from the sale of these credits in 2020, up from $594 million in the year prior and $419 million in 2018. The year-over -year jump notwithstanding, the credit sales might appear to be a paltry sum given the company’s $31.5 billion in total revenue in 2020. However, their nature as purely profit, in contrast to capital intensive auto manufacturing, means they have been a pivotal part of Tesla’s push towards profitability.</p>\n<p>Indeed, Tesla’s much-lauded $721 million profit in 2020, the very first profitable full year in its history, was clearly boosted over the top by the surge in regulatory credit sales. Had they remained consistent with the prior periods, the landmark year would have been left short of break-even, keeping up the company's trend of annual losses maintained since its inception.</p>\n<p>The trend has continued into 2021 as the company reported $518 million in revenues from credit salesin the first quarter, which boosted the company once again to a $438-million quarterly profit. While vehicle deliveries consistently catch the headlines, it's clear that the regulatory credits are buoying the automaker into the black.</p>\n<p><b>Competition Cuts Into Cash Flow</b></p>\n<p>The problem with the profit margin may be approaching faster than some have anticipated as well, with the increased entry of traditional automakers like Ford&nbsp;(<b>F</b>) -Get Report, General Motors&nbsp;(<b>GM</b>) -Get Report, and Stellantis STLA into the EV space.</p>\n<p>While much of the focus revolves around these companies’ threat to Tesla’s core auto sales, the popularity of Tesla among its devoted fans might sustain it amidst the hard-charging competition. As such, the trajectory of its sales, while now threatened by competent competition, remains somewhat murky at the moment.</p>\n<p>The question of regulatory credit impact is much more straightforward. If Tesla’s competitors are producing their own electric vehicles and fewer ICE autos, they have no need to spend so substantially on buying credits from Tesla.</p>\n<p>Per a Reuters report, Fiat Chrysler agreed to purchase $2.4 billion worth of emissions credits from Tesla from 2019 through 2021, likely accounting for a lion’s share of the roughly $2.2 billion recorded in total in credits sold in Tesla’s 2019 and 2020 10-K filings. However, after Fiat Chrysler merged with French automaker PSA Group in May to form Stellantis, this reliable revenue stream looks likely to fade.</p>\n<p>\"With the electrical technology that PSA brought to Stellantis, we will autonomously meet carbon dioxide emission regulations as early as this year,\" Stellantis CEO Carlos Tavares told French media after the merger. \"Thus, we will not need to call on European CO2 credits and [Fiat Chrysler] will no longer have to pool with Tesla or anyone.\"</p>\n<p><b>Already Anticipated?</b></p>\n<p>To be sure, the looming threat of regulatory credit sales eroding is by no means a novel development. CFO Zachary Kirkhorn noted in a call with analysts in mid-2020 that “we don’t manage the business with the assumption that regulatory credits will contribute significantly to the future. Eventually this will reduce.”</p>\n<p>Kirkhorn’s focus on the core business, especially in terms of battery technology, rather than the regulatory credit sales, is bolstered by the thoughts of prominent Tesla bulls.</p>\n<p>“We have owned Tesla for a decade and from day one we expected regulatory credits to go to zero within three years,” Jennison Associates analyst Owuraka Koney said. “They are comfortable without these regulatory credits and they make money when you exclude these credits and these non-recurring costs that they face.”</p>\n<p>Koney cited Elon Musk’smassive compensation packagetied to the company's recent stock surges as a key non-recurring cost in this context. Further, Koney argued that the regulatory credit benefits are being unfairly compared to overall profitability, which he sees as an apples-and-oranges comparison. He explained that the more relevant comparison is to Tesla’s operating income, which was $1.99 billion on a GAAP basis in 2020, up over $2 billion from the figure in 2019. The leap suggests strength greater than that simply achieved via the regulatory credit benefit, in his view.</p>\n<p>Mike Dovororany, VP of Automotive &amp; Mobility at market research firm Escalent, seconded the rosier view held by Koney, reiterating that the risk of regulatory credits fading is well understood by savvy investors, and further that the current U.S. administration might actually aid Tesla’s ability to capitalize on regulation.</p>\n<p>“Because credit sales have always been the main driver behind Tesla’s profitability, investors should be well-accustomed to this risk,” he explained. “Also, as the Biden Administration looks to reconsider stricter emissions regulations, the EV credit market could become more important than ever.”</p>\n<p>With the administration now proposing a $174-billion investment in the electric vehicle market aspart of the American Jobs Act, including new tax credits, there is certainly ample reason to be excited. Given Tesla's ability to capitalize on these incentives, it will be worth watching what the final bill entails when it crosses Biden's desk and whether it might mean lead to more big profits for Tesla.</p>","source":"lsy1610613172068","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla’s Profitability and the Surprising Thing That Could Threaten It</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla’s Profitability and the Surprising Thing That Could Threaten It\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 21:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/investing/surprising-thing-that-could-threaten-teslas-profitability><strong>The Street</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Rising competition in the electric vehicle space could not only put a crimp in Tesla’s growth rate, but diminish a big source of income as well.\n\nThe explosion in electric vehicle (EV) demand has ...</p>\n\n<a href=\"https://www.thestreet.com/investing/surprising-thing-that-could-threaten-teslas-profitability\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.thestreet.com/investing/surprising-thing-that-could-threaten-teslas-profitability","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100861051","content_text":"Rising competition in the electric vehicle space could not only put a crimp in Tesla’s growth rate, but diminish a big source of income as well.\n\nThe explosion in electric vehicle (EV) demand has served to vindicate the vision of Tesla’s (TSLA) -Get Report celebrity CEO Elon Musk. Indeed, the surge in demand for EVs has not only vindicated his foresight, but allowed his company to remain a market leader above late-coming competitors.\nHowever, while the company Musk leads as Technoking is no doubt a market leader, it has not solely cashed in by beating its competitors in terms of sales. Instead, a key to the company's recent turn to profitability has come from taking advantage of government incentives and selling the excess incentives it holds to these very same competitors. And now that many of these competitors are engaging more aggressively in EVs themselves, Tesla may soon find itself without many of these customers and, therefore, without a significant contributor to its profits.\nRaking in the Regulatory Credits\nThe credits that Tesla has handsomely profited from are tradable credits offered by various governments around the world for zero-emission vehicles. The fact that they are tradable is crucial since this allows Tesla to sell the credits to other automakers who might not otherwise comply with emission standards without the use of these credits. The set-up allows Tesla to book the credits as purely additive to its top line, with the automakers buying these credits avoiding hefty fines from regulators.\nPer Tesla’s most recent 10-K filing, the company earned $1.58 billion from the sale of these credits in 2020, up from $594 million in the year prior and $419 million in 2018. The year-over -year jump notwithstanding, the credit sales might appear to be a paltry sum given the company’s $31.5 billion in total revenue in 2020. However, their nature as purely profit, in contrast to capital intensive auto manufacturing, means they have been a pivotal part of Tesla’s push towards profitability.\nIndeed, Tesla’s much-lauded $721 million profit in 2020, the very first profitable full year in its history, was clearly boosted over the top by the surge in regulatory credit sales. Had they remained consistent with the prior periods, the landmark year would have been left short of break-even, keeping up the company's trend of annual losses maintained since its inception.\nThe trend has continued into 2021 as the company reported $518 million in revenues from credit salesin the first quarter, which boosted the company once again to a $438-million quarterly profit. While vehicle deliveries consistently catch the headlines, it's clear that the regulatory credits are buoying the automaker into the black.\nCompetition Cuts Into Cash Flow\nThe problem with the profit margin may be approaching faster than some have anticipated as well, with the increased entry of traditional automakers like Ford (F) -Get Report, General Motors (GM) -Get Report, and Stellantis STLA into the EV space.\nWhile much of the focus revolves around these companies’ threat to Tesla’s core auto sales, the popularity of Tesla among its devoted fans might sustain it amidst the hard-charging competition. As such, the trajectory of its sales, while now threatened by competent competition, remains somewhat murky at the moment.\nThe question of regulatory credit impact is much more straightforward. If Tesla’s competitors are producing their own electric vehicles and fewer ICE autos, they have no need to spend so substantially on buying credits from Tesla.\nPer a Reuters report, Fiat Chrysler agreed to purchase $2.4 billion worth of emissions credits from Tesla from 2019 through 2021, likely accounting for a lion’s share of the roughly $2.2 billion recorded in total in credits sold in Tesla’s 2019 and 2020 10-K filings. However, after Fiat Chrysler merged with French automaker PSA Group in May to form Stellantis, this reliable revenue stream looks likely to fade.\n\"With the electrical technology that PSA brought to Stellantis, we will autonomously meet carbon dioxide emission regulations as early as this year,\" Stellantis CEO Carlos Tavares told French media after the merger. \"Thus, we will not need to call on European CO2 credits and [Fiat Chrysler] will no longer have to pool with Tesla or anyone.\"\nAlready Anticipated?\nTo be sure, the looming threat of regulatory credit sales eroding is by no means a novel development. CFO Zachary Kirkhorn noted in a call with analysts in mid-2020 that “we don’t manage the business with the assumption that regulatory credits will contribute significantly to the future. Eventually this will reduce.”\nKirkhorn’s focus on the core business, especially in terms of battery technology, rather than the regulatory credit sales, is bolstered by the thoughts of prominent Tesla bulls.\n“We have owned Tesla for a decade and from day one we expected regulatory credits to go to zero within three years,” Jennison Associates analyst Owuraka Koney said. “They are comfortable without these regulatory credits and they make money when you exclude these credits and these non-recurring costs that they face.”\nKoney cited Elon Musk’smassive compensation packagetied to the company's recent stock surges as a key non-recurring cost in this context. Further, Koney argued that the regulatory credit benefits are being unfairly compared to overall profitability, which he sees as an apples-and-oranges comparison. He explained that the more relevant comparison is to Tesla’s operating income, which was $1.99 billion on a GAAP basis in 2020, up over $2 billion from the figure in 2019. The leap suggests strength greater than that simply achieved via the regulatory credit benefit, in his view.\nMike Dovororany, VP of Automotive & Mobility at market research firm Escalent, seconded the rosier view held by Koney, reiterating that the risk of regulatory credits fading is well understood by savvy investors, and further that the current U.S. administration might actually aid Tesla’s ability to capitalize on regulation.\n“Because credit sales have always been the main driver behind Tesla’s profitability, investors should be well-accustomed to this risk,” he explained. “Also, as the Biden Administration looks to reconsider stricter emissions regulations, the EV credit market could become more important than ever.”\nWith the administration now proposing a $174-billion investment in the electric vehicle market aspart of the American Jobs Act, including new tax credits, there is certainly ample reason to be excited. Given Tesla's ability to capitalize on these incentives, it will be worth watching what the final bill entails when it crosses Biden's desk and whether it might mean lead to more big profits for Tesla.","news_type":1},"isVote":1,"tweetType":1,"viewCount":15,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167484017,"gmtCreate":1624282412039,"gmtModify":1703832346500,"author":{"id":"3571806796080670","authorId":"3571806796080670","name":"Terry888","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571806796080670","idStr":"3571806796080670"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/167484017","repostId":"2145852038","repostType":2,"repost":{"id":"2145852038","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1624281187,"share":"https://ttm.financial/m/news/2145852038?lang=&edition=fundamental","pubTime":"2021-06-21 21:13","market":"us","language":"en","title":"LIVE MARKETS-Growth on the comeback trail vs Value","url":"https://stock-news.laohu8.com/highlight/detail?id=2145852038","media":"Reuters","summary":"* U.S. equity index futures point to opening strength   * Euro STOXX 600 index up ~0.3%   * Dollar, ","content":"<html><body><p>* U.S. equity index futures point to opening strength</p><p>   * Euro STOXX 600 index up ~0.3%</p><p>   * Dollar, crude down; gold gains; bitcoin slides ~10%</p><p>   * U.S. 10-Year Treasury yield hits 1.354%, now ~1.48%  </p><p>    June 21 - Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com</p><p>   GROWTH ON THE COMEBACK TRAIL VS VALUE (0900 EDT/1300 GMT)</p><p>   Growth blazed its way higher vs value last week. The S&amp;P 500 growth index   /S&amp;P 500 value index    ratio enjoyed its best week since January. This action has it on track for its best month since March 2020.</p><p>   As a result, the ratio has risen to a four-month high and ended Friday back above its 200-day moving average:</p><p>   That said, the ratio has yet to overwhelm the resistance line from its September 2020 all-time high.</p><p>   In any event, growth can thank its resurgence against value to renewed strength in tech   , and FANGs   . Tech is the largest sector exposure of the S&amp;P Growth ETF   , at more than 40%. Since the ratio's mid-May trough, tech is up nearly 7%, while the NYFANG has risen more than 10%.</p><p>   Financials   , the largest exposure of the S&amp;P 500 Value ETF    at just over 20%, have been going the opposite way. Since the ratio's mid-May low, SPSY is down nearly 6%.</p><p>   The recent growth/value resurgence has coincided with a continued decline in the U.S. 10-Year Treasury yield</p><p> .   In fact, the yield, after topping at 1.7760% on March 30, tumbled to as low as 1.3540% in overnight trade Monday. However, it has since reversed, and is now back up to the 1.48% area. </p><p>   The daily 10-year yield candle pattern forming suggests potential for a low of significance. This just as the growth/value ratio nears the important resistance line.</p><p>   (Terence Gabriel)</p><p>   *****</p><p>   FOR MONDAY'S LIVE MARKET'S POSTS PRIOR TO 0900 EDT/1300 GMT - CLICK HERE:  </p><p>    &lt;^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ GVV06212021    </p><p>   ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^&gt;</p><p>(Terence Gabriel is a Reuters market analyst. The views expressed are his own)</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>LIVE MARKETS-Growth on the comeback trail vs 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\">\nLIVE MARKETS-Growth on the comeback trail vs Value\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-21 21:13</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>* U.S. equity index futures point to opening strength</p><p>   * Euro STOXX 600 index up ~0.3%</p><p>   * Dollar, crude down; gold gains; bitcoin slides ~10%</p><p>   * U.S. 10-Year Treasury yield hits 1.354%, now ~1.48%  </p><p>    June 21 - Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com</p><p>   GROWTH ON THE COMEBACK TRAIL VS VALUE (0900 EDT/1300 GMT)</p><p>   Growth blazed its way higher vs value last week. The S&amp;P 500 growth index   /S&amp;P 500 value index    ratio enjoyed its best week since January. This action has it on track for its best month since March 2020.</p><p>   As a result, the ratio has risen to a four-month high and ended Friday back above its 200-day moving average:</p><p>   That said, the ratio has yet to overwhelm the resistance line from its September 2020 all-time high.</p><p>   In any event, growth can thank its resurgence against value to renewed strength in tech   , and FANGs   . Tech is the largest sector exposure of the S&amp;P Growth ETF   , at more than 40%. Since the ratio's mid-May trough, tech is up nearly 7%, while the NYFANG has risen more than 10%.</p><p>   Financials   , the largest exposure of the S&amp;P 500 Value ETF    at just over 20%, have been going the opposite way. Since the ratio's mid-May low, SPSY is down nearly 6%.</p><p>   The recent growth/value resurgence has coincided with a continued decline in the U.S. 10-Year Treasury yield</p><p> .   In fact, the yield, after topping at 1.7760% on March 30, tumbled to as low as 1.3540% in overnight trade Monday. However, it has since reversed, and is now back up to the 1.48% area. </p><p>   The daily 10-year yield candle pattern forming suggests potential for a low of significance. This just as the growth/value ratio nears the important resistance line.</p><p>   (Terence Gabriel)</p><p>   *****</p><p>   FOR MONDAY'S LIVE MARKET'S POSTS PRIOR TO 0900 EDT/1300 GMT - CLICK HERE:  </p><p>    &lt;^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ GVV06212021    </p><p>   ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^&gt;</p><p>(Terence Gabriel is a Reuters market analyst. The views expressed are his own)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","PSQ":"纳指反向ETF","OEF":"标普100指数ETF-iShares","QLD":"纳指两倍做多ETF","IVV":"标普500指数ETF","DJX":"1/100道琼斯","SH":"标普500反向ETF",".SPX":"S&P 500 Index","DXD":"道指两倍做空ETF",".DJI":"道琼斯","TQQQ":"纳指三倍做多ETF","DDM":"道指两倍做多ETF","OEX":"标普100","SSO":"两倍做多标普500ETF","QQQ":"纳指100ETF","SPXU":"三倍做空标普500ETF","QID":"纳指两倍做空ETF","SQQQ":"纳指三倍做空ETF","UDOW":"道指三倍做多ETF-ProShares","UPRO":"三倍做多标普500ETF","SDOW":"道指三倍做空ETF-ProShares","DOG":"道指反向ETF",".IXIC":"NASDAQ Composite","SDS":"两倍做空标普500ETF"},"source_url":"http://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145852038","content_text":"* U.S. equity index futures point to opening strength   * Euro STOXX 600 index up ~0.3%   * Dollar, crude down; gold gains; bitcoin slides ~10%   * U.S. 10-Year Treasury yield hits 1.354%, now ~1.48%      June 21 - Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com   GROWTH ON THE COMEBACK TRAIL VS VALUE (0900 EDT/1300 GMT)   Growth blazed its way higher vs value last week. The S&P 500 growth index   /S&P 500 value index    ratio enjoyed its best week since January. This action has it on track for its best month since March 2020.   As a result, the ratio has risen to a four-month high and ended Friday back above its 200-day moving average:   That said, the ratio has yet to overwhelm the resistance line from its September 2020 all-time high.   In any event, growth can thank its resurgence against value to renewed strength in tech   , and FANGs   . Tech is the largest sector exposure of the S&P Growth ETF   , at more than 40%. Since the ratio's mid-May trough, tech is up nearly 7%, while the NYFANG has risen more than 10%.   Financials   , the largest exposure of the S&P 500 Value ETF    at just over 20%, have been going the opposite way. Since the ratio's mid-May low, SPSY is down nearly 6%.   The recent growth/value resurgence has coincided with a continued decline in the U.S. 10-Year Treasury yield .   In fact, the yield, after topping at 1.7760% on March 30, tumbled to as low as 1.3540% in overnight trade Monday. However, it has since reversed, and is now back up to the 1.48% area.    The daily 10-year yield candle pattern forming suggests potential for a low of significance. This just as the growth/value ratio nears the important resistance line.   (Terence Gabriel)   *****   FOR MONDAY'S LIVE MARKET'S POSTS PRIOR TO 0900 EDT/1300 GMT - CLICK HERE:      <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ GVV06212021       ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>(Terence Gabriel is a Reuters market analyst. The views expressed are his own)","news_type":1},"isVote":1,"tweetType":1,"viewCount":115,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}