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JLX

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- JLXJLX
  ·2021-09-23
  $FB 20211001 275.0 PUT(FB)$yeah
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- JLXJLX
  ·2021-09-20
  No hope
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- JLXJLX
  ·2021-09-18
  $Altimeter Growth Corp.(AGC)$Sad
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- JLXJLX
  ·2021-09-17
  Yes
  Jaw-dropping moments in WSJ's bombshell Facebook investigation
  New York (CNN Business)This week the Wall Street Journal released a series of scathing articles abou
  Jaw-dropping moments in WSJ's bombshell Facebook investigation
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- JLXJLX
  ·2021-09-15
  $Altimeter Growth Corp.(AGC)$When is the spac?
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- JLXJLX
  ·2021-09-14
  $Altimeter Growth Corp.(AGC)$Spac !
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- JLXJLX
  ·2021-09-14
  Yea tesla
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- JLXJLX
  ·2021-09-13
  $Alzamend Neuro, Inc(ALZN)$Sad
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- JLXJLX
  ·2021-09-11
  $BlackBerry(BB)$omo
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- JLXJLX
  ·2021-09-08
  Still tesla
  5 Stock Ideas From an Investor Who Predicted Tesla Would Rise to $1,000
  Investors listen to what Gary Black has to say about Tesla. But the investing veteran is more than j
  5 Stock Ideas From an Investor Who Predicted Tesla Would Rise to $1,000
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11:42","market":"us","language":"en","title":"Jaw-dropping moments in WSJ's bombshell Facebook investigation","url":"https://stock-news.laohu8.com/highlight/detail?id=1189230305","media":"CNN","summary":"New York (CNN Business)This week the Wall Street Journal released a series of scathing articles abou","content":"<p>New York (CNN Business)This week the Wall Street Journal released a series of scathing articles about Facebook, citing leaked internal documents that detail in remarkably frank terms how the company is not only well aware of its platforms' negative effects on users but also how it has repeatedly failed to address them.</p>\n<p>There's a lot to unpack from the Journal's investigation. But one thing that stands out is just how blatantly Facebook's problems are documented, using the kind of simple, observational prose not often found in internal communications at multinational corporations.</p>\n<p>Here are some of the more jaw-dropping moments from the Journal's series.</p>\n<h3>'We make body issues worse...'</h3>\n<p>In the Journal's report on Instagram's impact on teens, it cites Facebook's own researchers' slide deck, stating the app harms mental health.</p>\n<p>\"We make body image issues worse for one in three teen girls,\" said one slide from 2019, according to the WSJ.</p>\n<p>Another reads: \"Teens blame Instagram for increases in the rate of anxiety and depression ... This reaction was unprompted and consistent across all groups.\"</p>\n<p>Those slides are particularly notable because Facebook has often referenced external studies, rather than its own researchers' findings, in arguing that there's little correlation between social media use and depression.</p>\n<p>Karina Newton, head of public policy at Instagram, addressed the WSJ story Tuesday, saying that while Instagram can be a place where users have \"negative experiences,\" the app also gives a voice to marginalized people and helps friends and family stay connected. Newton said that Facebook's internal research demonstrated the company's commitment to \"understanding complex and difficult issues young people may struggle with, and informs all the work we do to help those experiencing these issues.\"</p>\n<h3>'We are not actually doing what we say we do publicly'</h3>\n<p>Facebook CEO Mark Zuckerberg has repeatedly, publicly maintained that Facebook is a neutral platform that puts its billions of users on equal footing. But in another report on the company's \"whitelisting\" practice — a policy that allows politicians, celebrities and other public figures to flout the platform's rules — the WSJ found a 2019 internal review that called Facebook out for misrepresenting itself in public.</p>\n<p>\"We are not actually doing what we say we do publicly,\" the review said, according to the paper. \"Unlike the rest of our community, these people\" — those on the whitelist — \"can violate our standards without any consequences.\"</p>\n<p>Facebook spokesman Andy Stone told the Journal that criticism of the practice was fair, but that it \"was designed for an important reason: to create an additional step so we can accurately enforce policies on content that could require more understanding.\"</p>\n<h3>'Misinformation, toxicity and violent content'</h3>\n<p>In 2018, Zuckerberg said a change in Facebook's algorithm was intended to improve interactions among friends and family and reduce the amount of professionally produced content in their feeds. But according to the documents published by the Journal, staffers warned the change was having the opposite effect: Facebook was becoming an angrier place.</p>\n<p>A team of data scientists put it bluntly: \"Misinformation, toxicity and violent content are inordinately prevalent among reshares,\" they said, according to the Journal's report.</p>\n<p>\"Our approach has had unhealthy side effects on important slices of public content, such as politics and news,\" the scientists wrote. \"This is an increasing liability,\" one of them wrote in a later memo cited by WSJ.</p>\n<p>The following year, the problem persisted. One Facebook data scientist, according to the WSJ, wrote in an internal memo in 2019: \"While the FB platform offers people the opportunity to connect, share and engage, an unfortunate side effect is that harmful and misinformative content can go viral, often before we can catch it and mitigate its effects.\"</p>\n<p>Lars Backstrom, a Facebook vice president of engineering, told the Journal in an interview that \"like any optimization, there's going to be some ways that it gets exploited or taken advantage of ...That's why we have an integrity team that is trying to track those down and figure out how to mitigate them as efficiently as possible.\"</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>Jaw-dropping moments in WSJ's bombshell Facebook investigation</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\">\nJaw-dropping moments in WSJ's bombshell Facebook investigation\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-17 11:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://edition.cnn.com/2021/09/16/business/facebook-wsj-investigation-highlights/index.html><strong>CNN</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>New York (CNN Business)This week the Wall Street Journal released a series of scathing articles about Facebook, citing leaked internal documents that detail in remarkably frank terms how the company ...</p>\n\n<a href=\"https://edition.cnn.com/2021/09/16/business/facebook-wsj-investigation-highlights/index.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://edition.cnn.com/2021/09/16/business/facebook-wsj-investigation-highlights/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1189230305","content_text":"New York (CNN Business)This week the Wall Street Journal released a series of scathing articles about Facebook, citing leaked internal documents that detail in remarkably frank terms how the company is not only well aware of its platforms' negative effects on users but also how it has repeatedly failed to address them.\nThere's a lot to unpack from the Journal's investigation. But one thing that stands out is just how blatantly Facebook's problems are documented, using the kind of simple, observational prose not often found in internal communications at multinational corporations.\nHere are some of the more jaw-dropping moments from the Journal's series.\n'We make body issues worse...'\nIn the Journal's report on Instagram's impact on teens, it cites Facebook's own researchers' slide deck, stating the app harms mental health.\n\"We make body image issues worse for one in three teen girls,\" said one slide from 2019, according to the WSJ.\nAnother reads: \"Teens blame Instagram for increases in the rate of anxiety and depression ... This reaction was unprompted and consistent across all groups.\"\nThose slides are particularly notable because Facebook has often referenced external studies, rather than its own researchers' findings, in arguing that there's little correlation between social media use and depression.\nKarina Newton, head of public policy at Instagram, addressed the WSJ story Tuesday, saying that while Instagram can be a place where users have \"negative experiences,\" the app also gives a voice to marginalized people and helps friends and family stay connected. Newton said that Facebook's internal research demonstrated the company's commitment to \"understanding complex and difficult issues young people may struggle with, and informs all the work we do to help those experiencing these issues.\"\n'We are not actually doing what we say we do publicly'\nFacebook CEO Mark Zuckerberg has repeatedly, publicly maintained that Facebook is a neutral platform that puts its billions of users on equal footing. But in another report on the company's \"whitelisting\" practice — a policy that allows politicians, celebrities and other public figures to flout the platform's rules — the WSJ found a 2019 internal review that called Facebook out for misrepresenting itself in public.\n\"We are not actually doing what we say we do publicly,\" the review said, according to the paper. \"Unlike the rest of our community, these people\" — those on the whitelist — \"can violate our standards without any consequences.\"\nFacebook spokesman Andy Stone told the Journal that criticism of the practice was fair, but that it \"was designed for an important reason: to create an additional step so we can accurately enforce policies on content that could require more understanding.\"\n'Misinformation, toxicity and violent content'\nIn 2018, Zuckerberg said a change in Facebook's algorithm was intended to improve interactions among friends and family and reduce the amount of professionally produced content in their feeds. But according to the documents published by the Journal, staffers warned the change was having the opposite effect: Facebook was becoming an angrier place.\nA team of data scientists put it bluntly: \"Misinformation, toxicity and violent content are inordinately prevalent among reshares,\" they said, according to the Journal's report.\n\"Our approach has had unhealthy side effects on important slices of public content, such as politics and news,\" the scientists wrote. \"This is an increasing liability,\" one of them wrote in a later memo cited by WSJ.\nThe following year, the problem persisted. One Facebook data scientist, according to the WSJ, wrote in an internal memo in 2019: \"While the FB platform offers people the opportunity to connect, share and engage, an unfortunate side effect is that harmful and misinformative content can go viral, often before we can catch it and mitigate its effects.\"\nLars Backstrom, a Facebook vice president of engineering, told the Journal in an interview that \"like any optimization, there's going to be some ways that it gets exploited or taken advantage of ...That's why we have an integrity team that is trying to track those down and figure out how to mitigate them as efficiently as possible.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":415,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":882507843,"gmtCreate":1631703379982,"gmtModify":1676530613012,"author":{"id":"3575719904277494","authorId":"3575719904277494","name":"JLX","avatar":"https://static.tigerbbs.com/8b2b82874072af259f37b9124bc903b7","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575719904277494","authorIdStr":"3575719904277494"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AGC\">$Altimeter Growth Corp.(AGC)$</a>When is the spac?&nbsp;","listText":"<a href=\"https://laohu8.com/S/AGC\">$Altimeter Growth Corp.(AGC)$</a>When is the spac?&nbsp;","text":"$Altimeter Growth Corp.(AGC)$When is the spac?","images":[{"img":"https://static.tigerbbs.com/d15322514e6999d18495676b1d4590ff","width":"1242","height":"2151"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/882507843","isVote":1,"tweetType":1,"viewCount":440,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":886400480,"gmtCreate":1631611052040,"gmtModify":1676530589502,"author":{"id":"3575719904277494","authorId":"3575719904277494","name":"JLX","avatar":"https://static.tigerbbs.com/8b2b82874072af259f37b9124bc903b7","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575719904277494","authorIdStr":"3575719904277494"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AGC\">$Altimeter Growth Corp.(AGC)$</a>Spac !&nbsp;","listText":"<a href=\"https://laohu8.com/S/AGC\">$Altimeter Growth Corp.(AGC)$</a>Spac !&nbsp;","text":"$Altimeter Growth Corp.(AGC)$Spac !","images":[{"img":"https://static.tigerbbs.com/baaf5a159ca6423ecdc09b7bd103a989","width":"1242","height":"2151"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/886400480","isVote":1,"tweetType":1,"viewCount":753,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":886211485,"gmtCreate":1631593875447,"gmtModify":1676530585016,"author":{"id":"3575719904277494","authorId":"3575719904277494","name":"JLX","avatar":"https://static.tigerbbs.com/8b2b82874072af259f37b9124bc903b7","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575719904277494","authorIdStr":"3575719904277494"},"themes":[],"htmlText":"Yea tesla&nbsp;","listText":"Yea tesla&nbsp;","text":"Yea tesla","images":[{"img":"https://static.tigerbbs.com/47f3a6b4aff16f1c610b11b73a92ec59","width":"1125","height":"2452"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/886211485","isVote":1,"tweetType":1,"viewCount":525,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":886953859,"gmtCreate":1631545329571,"gmtModify":1676530572655,"author":{"id":"3575719904277494","authorId":"3575719904277494","name":"JLX","avatar":"https://static.tigerbbs.com/8b2b82874072af259f37b9124bc903b7","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575719904277494","authorIdStr":"3575719904277494"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/ALZN\">$Alzamend Neuro, Inc(ALZN)$</a>Sad&nbsp;","listText":"<a href=\"https://laohu8.com/S/ALZN\">$Alzamend Neuro, Inc(ALZN)$</a>Sad&nbsp;","text":"$Alzamend Neuro, Inc(ALZN)$Sad","images":[{"img":"https://static.tigerbbs.com/bc90209e318c46a56edffa3accdd50a5","width":"1242","height":"2151"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/886953859","isVote":1,"tweetType":1,"viewCount":641,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":881557510,"gmtCreate":1631369192630,"gmtModify":1676530536715,"author":{"id":"3575719904277494","authorId":"3575719904277494","name":"JLX","avatar":"https://static.tigerbbs.com/8b2b82874072af259f37b9124bc903b7","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575719904277494","authorIdStr":"3575719904277494"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BB\">$BlackBerry(BB)$</a>omo&nbsp;","listText":"<a href=\"https://laohu8.com/S/BB\">$BlackBerry(BB)$</a>omo&nbsp;","text":"$BlackBerry(BB)$omo","images":[{"img":"https://static.tigerbbs.com/8323c7db64464d6720330748d9cd1460","width":"1242","height":"2151"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/881557510","isVote":1,"tweetType":1,"viewCount":626,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":889325634,"gmtCreate":1631110692928,"gmtModify":1676530471227,"author":{"id":"3575719904277494","authorId":"3575719904277494","name":"JLX","avatar":"https://static.tigerbbs.com/8b2b82874072af259f37b9124bc903b7","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575719904277494","authorIdStr":"3575719904277494"},"themes":[],"htmlText":"Still tesla","listText":"Still tesla","text":"Still tesla","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/889325634","repostId":"1175171654","repostType":4,"repost":{"id":"1175171654","pubTimestamp":1631093315,"share":"https://ttm.financial/m/news/1175171654?lang=&edition=fundamental","pubTime":"2021-09-08 17:28","market":"us","language":"en","title":"5 Stock Ideas From an Investor Who Predicted Tesla Would Rise to $1,000","url":"https://stock-news.laohu8.com/highlight/detail?id=1175171654","media":"Barron's","summary":"Investors listen to what Gary Black has to say about Tesla. But the investing veteran is more than j","content":"<p><a href=\"https://laohu8.com/S/ISBC\">Investors</a> listen to what Gary Black has to say about Tesla. But the investing veteran is more than just a <a href=\"https://laohu8.com/S/AONE.U\">one</a>-trick, or one-stock, pony.</p>\n<p>He has other picks for growth investors as well as a new actively managed ETF: The Future Fund (ticker: FFND), designed to capitalized on 10 megatrends he sees changing the world.</p>\n<p>That fund is only a couple of weeks old. Black has been at the investing game for about 30 years, starting as a research analyst at Bernstein in 1992.</p>\n<p>After Bernstein, Black moved to the buy-side with stints at <a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a> Asset Management, Janus and Aegon, among others. After a brief respite following Aegon, Black jumped into the world of actively managed ETFs.</p>\n<p>He sat down with Barron’s to talk about his new fund, his approach to investing and some of the stocks he’s invested in. An edited version of the conversation follows.</p>\n<p><b>Barron’s: </b>We probably have to start with Tesla (TSLA). How do you value Tesla stock?</p>\n<p><b>Black:</b> I take where I think global [car sales are] going to be in about five years, and I take the EV adoption–it will get to 25% by 2025. This is the big investment controversy on Tesla: As competitors enter the market, can it keep its roughly 25% EV share? If it can, I get about $32 or so of earnings in 2025. And if I even put a 50 multiple on it, which is pretty low given projected 55% average annual earnings growth. I get a $1,600 price. And that’s worth about $1,100 today.</p>\n<p><b>Market share is the big controversy? What about self-driving cars?</b></p>\n<p>Stop saying Tesla has valuation equal to $1,000 a share because of the EV business. And then another $1,000 because of robotaxis.</p>\n<p><b>Tesla robotaxis like Waymo won’t be a thing?</b></p>\n<p>I think you’re going to have commercial robotaxi. And you’re going to have consumer robotaxi.</p>\n<p>Tesla has a head start, but competitors, especially those from <a href=\"https://laohu8.com/S/CAAS\">China</a>, are offering more expensive systems with vision, lidar, radar and HD mapping allowing them to close the gap. Everyone will get there eventually–which Elon has said. Tesla’s features will still let Tesla sell more Teslas.</p>\n<p><b>Why did you start the Future Fund ETF?</b></p>\n<p>Secular growth [is] its cornerstone. We’re looking to capitalize on 10 secular megatrends that are changing the world.</p>\n<p><b>What are they?</b></p>\n<p>They are: [1] 24/7 information and entertainment, [2] social networking, [3] mobility–working from anywhere–[4] e-commerce, [5] fintech innovation, [6] big data and security, [7] people living longer, [8] lifestyle betterment, [9] automation and [10] sustainability. Those are the 10.</p>\n<p>And so what we try to do is find companies that [have] the megatrends as tailwinds. No. 1, we’re looking for high growth, 20% revenue growth. We’re looking for unlevered brands, meaning, brands that are very successful in, say, one segment, and they bring them into other segments, or brands that are successful in one geography, and can go global.</p>\n<p>No. 2, we’re looking for investment controversy. We’re looking for something where there is a fight, and where investors don’t agree. And that’s what creates opportunity.</p>\n<p><b>What’s your research process like?</b></p>\n<p>We go out, and I talk. We talk to a lot of competitors. When I was an analyst, I used to do focus groups. For 2,000 bucks, you could get 10 people in a room, and ask them why they don’t like about Beyond Meat [BYND] versus Impossible [Foods]. We can usually find information that gives me a research edge to answer the controversy.</p>\n<p><b>And how do you build your portfolio?</b></p>\n<p>We want a portfolio that’s high conviction, meaning no more than about 40 names. The top 10 names are about 40% of the portfolio. So that’s high conviction to me.</p>\n<p>We think we have very strong buy and sell discipline. When we put something in the portfolio, we want it to have at least 2:1 risk-adjusted upside versus downside.</p>\n<p><b>What else do you like, besides Tesla?</b></p>\n<p>We have Google [parent <a href=\"https://laohu8.com/S/GOOG\">Alphabet</a> ], which is changing the world. Google is a mega cap stock just like Tesla is. But we think You Tube is 24/7 information and entertainment. YouTube is way undervalued. They’re still monetizing [search]. It has good 15% to 20% revenue growth. At 22 times projected earnings, it’s still [an attractive] price to us.</p>\n<p>Another name we have is <a href=\"https://laohu8.com/S/CMG\">Chipotle Mexican Grill</a> [CMG]. It fits with this megatrend of eating healthy, staying fit. We call it lifestyle betterment. Their product innovation has been superb–they launched these rolled quesadillas, which are going to have monster 15% same-store sales comps for them in the third quarter. It’s a great stock for us. Not cheap. But it has high growth.</p>\n<p><b>How about a couple more?</b></p>\n<p>One of the names that’s controversial we own is Tencent [TCEHY]. It’s one of the largest Internet companies in the world. It has 1.2 billion WeChat users. We believe that Chinese regulatory fears are overdone. Tencent is now trading at about 25 times next year’s earnings. We view it as having probably 20% revenue growth for at least the next few years.</p>\n<p><a href=\"https://laohu8.com/S/GNRC\">Generac</a> [GNRC] is another one. We’ll call it a climate change stock. Because climate change is happening, you have a lot of wildfires. You have a lot of weather patterns that aren’t normal. And in new homes today, one of the most common features that people are putting is a generator.</p>\n<p><b>Can Generac sales be disrupted by battery storage in homes?</b></p>\n<p>Battery and solar powered walls and roofs are still expensive–$40,000. A Generac system starts at $2,000.</p>\n<p><b>One more?</b></p>\n<p>Snap [SNAP] is another name. If you have kids, Snap is one of the [apps] everybody’s using. The ARPU [or average revenue per user] is $13 annually, up about 30% over a year ago. Active users will be up about 20% this year. Do you use Tik Tok?</p>\n<p><b>No.</b></p>\n<p>The biggest risk to Snap is something else comes along that the 18 to 25-year-old crowd wants to use that’s better. And Tik Tok is a disrupter to Snap. But I have kids in this age group, three of them, and they all use Snap.</p>\n<p>The monetization has just begun. The global expansion has just begun. I think you have got at least three or four years of [growth].</p>\n<p>Thanks, Gary.</p>","source":"lsy1610680873436","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>5 Stock Ideas From an Investor Who Predicted Tesla Would Rise to $1,000</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\">\n5 Stock Ideas From an Investor Who Predicted Tesla Would Rise to $1,000\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-08 17:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/stock-ideas-gary-black-tesla-51631058814?mod=hp_LATEST><strong>Barron's</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors listen to what Gary Black has to say about Tesla. But the investing veteran is more than just a one-trick, or one-stock, pony.\nHe has other picks for growth investors as well as a new ...</p>\n\n<a href=\"https://www.barrons.com/articles/stock-ideas-gary-black-tesla-51631058814?mod=hp_LATEST\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TCEHY":"腾讯控股ADR","TSLA":"特斯拉","GNRC":"Generac控股","SNAP":"Snap Inc","FFND":"The Future Fund Active ETF"},"source_url":"https://www.barrons.com/articles/stock-ideas-gary-black-tesla-51631058814?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175171654","content_text":"Investors listen to what Gary Black has to say about Tesla. But the investing veteran is more than just a one-trick, or one-stock, pony.\nHe has other picks for growth investors as well as a new actively managed ETF: The Future Fund (ticker: FFND), designed to capitalized on 10 megatrends he sees changing the world.\nThat fund is only a couple of weeks old. Black has been at the investing game for about 30 years, starting as a research analyst at Bernstein in 1992.\nAfter Bernstein, Black moved to the buy-side with stints at Goldman Sachs Asset Management, Janus and Aegon, among others. After a brief respite following Aegon, Black jumped into the world of actively managed ETFs.\nHe sat down with Barron’s to talk about his new fund, his approach to investing and some of the stocks he’s invested in. An edited version of the conversation follows.\nBarron’s: We probably have to start with Tesla (TSLA). How do you value Tesla stock?\nBlack: I take where I think global [car sales are] going to be in about five years, and I take the EV adoption–it will get to 25% by 2025. This is the big investment controversy on Tesla: As competitors enter the market, can it keep its roughly 25% EV share? If it can, I get about $32 or so of earnings in 2025. And if I even put a 50 multiple on it, which is pretty low given projected 55% average annual earnings growth. I get a $1,600 price. And that’s worth about $1,100 today.\nMarket share is the big controversy? What about self-driving cars?\nStop saying Tesla has valuation equal to $1,000 a share because of the EV business. And then another $1,000 because of robotaxis.\nTesla robotaxis like Waymo won’t be a thing?\nI think you’re going to have commercial robotaxi. And you’re going to have consumer robotaxi.\nTesla has a head start, but competitors, especially those from China, are offering more expensive systems with vision, lidar, radar and HD mapping allowing them to close the gap. Everyone will get there eventually–which Elon has said. Tesla’s features will still let Tesla sell more Teslas.\nWhy did you start the Future Fund ETF?\nSecular growth [is] its cornerstone. We’re looking to capitalize on 10 secular megatrends that are changing the world.\nWhat are they?\nThey are: [1] 24/7 information and entertainment, [2] social networking, [3] mobility–working from anywhere–[4] e-commerce, [5] fintech innovation, [6] big data and security, [7] people living longer, [8] lifestyle betterment, [9] automation and [10] sustainability. Those are the 10.\nAnd so what we try to do is find companies that [have] the megatrends as tailwinds. No. 1, we’re looking for high growth, 20% revenue growth. We’re looking for unlevered brands, meaning, brands that are very successful in, say, one segment, and they bring them into other segments, or brands that are successful in one geography, and can go global.\nNo. 2, we’re looking for investment controversy. We’re looking for something where there is a fight, and where investors don’t agree. And that’s what creates opportunity.\nWhat’s your research process like?\nWe go out, and I talk. We talk to a lot of competitors. When I was an analyst, I used to do focus groups. For 2,000 bucks, you could get 10 people in a room, and ask them why they don’t like about Beyond Meat [BYND] versus Impossible [Foods]. We can usually find information that gives me a research edge to answer the controversy.\nAnd how do you build your portfolio?\nWe want a portfolio that’s high conviction, meaning no more than about 40 names. The top 10 names are about 40% of the portfolio. So that’s high conviction to me.\nWe think we have very strong buy and sell discipline. When we put something in the portfolio, we want it to have at least 2:1 risk-adjusted upside versus downside.\nWhat else do you like, besides Tesla?\nWe have Google [parent Alphabet ], which is changing the world. Google is a mega cap stock just like Tesla is. But we think You Tube is 24/7 information and entertainment. YouTube is way undervalued. They’re still monetizing [search]. It has good 15% to 20% revenue growth. At 22 times projected earnings, it’s still [an attractive] price to us.\nAnother name we have is Chipotle Mexican Grill [CMG]. It fits with this megatrend of eating healthy, staying fit. We call it lifestyle betterment. Their product innovation has been superb–they launched these rolled quesadillas, which are going to have monster 15% same-store sales comps for them in the third quarter. It’s a great stock for us. Not cheap. But it has high growth.\nHow about a couple more?\nOne of the names that’s controversial we own is Tencent [TCEHY]. It’s one of the largest Internet companies in the world. It has 1.2 billion WeChat users. We believe that Chinese regulatory fears are overdone. Tencent is now trading at about 25 times next year’s earnings. We view it as having probably 20% revenue growth for at least the next few years.\nGenerac [GNRC] is another one. We’ll call it a climate change stock. Because climate change is happening, you have a lot of wildfires. You have a lot of weather patterns that aren’t normal. And in new homes today, one of the most common features that people are putting is a generator.\nCan Generac sales be disrupted by battery storage in homes?\nBattery and solar powered walls and roofs are still expensive–$40,000. A Generac system starts at $2,000.\nOne more?\nSnap [SNAP] is another name. If you have kids, Snap is one of the [apps] everybody’s using. The ARPU [or average revenue per user] is $13 annually, up about 30% over a year ago. Active users will be up about 20% this year. Do you use Tik Tok?\nNo.\nThe biggest risk to Snap is something else comes along that the 18 to 25-year-old crowd wants to use that’s better. And Tik Tok is a disrupter to Snap. But I have kids in this age group, three of them, and they all use Snap.\nThe monetization has just begun. The global expansion has just begun. I think you have got at least three or four years of [growth].\nThanks, Gary.","news_type":1},"isVote":1,"tweetType":1,"viewCount":626,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}