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tehtarikrox

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- tehtarikroxtehtarikrox
  ·2021-07-28
  It's a matter of time price will bounce back
  Starbucks Earnings Crushed Expectations. Why Its Stock Is Dropping.
  Starbucks stock was dropping despite reporting better-than-expected earnings following Tuesday’s clo
  Starbucks Earnings Crushed Expectations. Why Its Stock Is Dropping.
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- tehtarikroxtehtarikrox
  ·2021-06-30
  Go more
  Sorry, this post has been deleted
  287 Comment
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- tehtarikroxtehtarikrox
  ·2021-06-30
  Wow
  Xpeng Motors priced its Hong Kong shares at HK$165 each
  Electric-vehicle maker Xpeng Motors announced that the final offer prices for both the International
  Xpeng Motors priced its Hong Kong shares at HK$165 each
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- tehtarikroxtehtarikrox
  ·2021-06-30
  Strong or not enough momentum?
  Sorry, this post has been deleted
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- tehtarikroxtehtarikrox
  ·2021-06-16
  Good sign
  Cruise Stocks Gain As Wolfe Upgrades On Improving Demand
  Shares of the largest cruise operators, namely Royal Caribbean, Norwegian Cruise Line and Carnival,
  Cruise Stocks Gain As Wolfe Upgrades On Improving Demand
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- tehtarikroxtehtarikrox
  ·2021-06-07
  Good
  After Years in Prison, China Grocery Tycoon Weighs Twin IPOs
  In 2018, Zhang Wenzhong was cleared by China’s top court of financial misconduct charges after earli
  After Years in Prison, China Grocery Tycoon Weighs Twin IPOs
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- tehtarikroxtehtarikrox
  ·2021-05-27
  Not sure if mgm is a good acquisition
  Why Amazon's MGM Deal Is Bad for Netflix
  The streamer will need to fight for every subscriber it can.
  Why Amazon's MGM Deal Is Bad for Netflix
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- tehtarikroxtehtarikrox
  ·2021-05-27
  Invest in your people
  Walmart CEO to HBS grads: 'Life and business are about balance but if you’re going to lean, lean towards the long term'
  Walmart (WMT) CEO Doug McMillon offered Harvard Business School’s graduating class an anthem on stak
  Walmart CEO to HBS grads: 'Life and business are about balance but if you’re going to lean, lean towards the long term'
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a matter of time price will bounce back","listText":"It's a matter of time price will bounce back","text":"It's a matter of time price will bounce back","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/801370859","repostId":"1112939298","repostType":4,"repost":{"id":"1112939298","pubTimestamp":1627484367,"share":"https://ttm.financial/m/news/1112939298?lang=&edition=fundamental","pubTime":"2021-07-28 22:59","market":"us","language":"en","title":"Starbucks Earnings Crushed Expectations. Why Its Stock Is Dropping.","url":"https://stock-news.laohu8.com/highlight/detail?id=1112939298","media":"Barrons","summary":"Starbucks stock was dropping despite reporting better-than-expected earnings following Tuesday’s clo","content":"<p>Starbucks stock was dropping despite reporting better-than-expected earnings following Tuesday’s close.</p>\n<p>Starbucks&nbsp;reported non-GAAP per-share earnings of $1.01 on $7.5 billion in revenue, a record. Analysts had forecast earnings per share of $0.77 on $7.3 billion in revenue.</p>\n<p>Despite beating consensus revenue and earnings targets, Starbucks stock is down 3%, to $122.30.</p>\n<p>Driven by an 84% increase in same-store sales in America, the global coffee giant reported an overall increase in comparable-store sales of 73% relative to the third quarter last year. Indeed, brand loyalty remains strong, especially in the U.S. where 90-day active&nbsp;members of the Starbucks Rewards loyalty program&nbsp;increased 48% year-over-year and now account for 51% of all spending in U.S. stores–up 8% from pre-pandemic levels.</p>\n<p>In a statement, Starbucks CEO Kevin Johnson told investors “Starbucks delivered record performance in the third quarter, demonstrating powerful momentum beyond recovery. Our ability to move with speed and agility and to be out in front of shifting customer behaviors has helped further differentiate Starbucks, positioning us well for this moment.”</p>\n<p>The strong results have prompted management to raise the company’s 2021 earnings per share outlook from $2.90-$3.00 to $3.20-$3.25.</p>\n<p>During the earnings call, analysts were keen to hear about management’s outlook on China, as they expressed concerns about consumer pushback against U.S. brands in the region. However, Johnson was quick to dispel the concerns, commenting that there hasn’t been a&nbsp;geopolitical event in China&nbsp;that has impacted them in the past couple of years, and he doesn’t foresee that happening as long as they continue taking care of their partners and customers.</p>\n<p>While fears about&nbsp;rising labor costs&nbsp;did not materialize since operating margins were higher than last quarter and the corresponding period last year, analysts were expecting better performance in international markets. Cowen analyst, Andrew Charles, stated that Starbucks’s 41% change in comparable-store sales relative to the same period last year fell short of the 62% growth he anticipated to see. Nonetheless, the impressive numbers from the U.S. were enough for Charles to raise his price target from $126 to $135. Likewise, Stifel analyst Chris O’Cull had expected international comparable store sales to increase 66%. O’Cull further noted that management offered guidance, which implied roughly flat two-year international comparable store sales.</p>\n<p>The question to investors remains whether strong U.S. growth is enough to keep on offsetting slower international growth and push the stock higher.</p>","source":"lsy1601382232898","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>Starbucks Earnings Crushed Expectations. 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Why Its Stock Is Dropping.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-28 22:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/starbucks-earnings-stock-51627419105?mod=hp_LATEST><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Starbucks stock was dropping despite reporting better-than-expected earnings following Tuesday’s close.\nStarbucks reported non-GAAP per-share earnings of $1.01 on $7.5 billion in revenue, a record. ...</p>\n\n<a href=\"https://www.barrons.com/articles/starbucks-earnings-stock-51627419105?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":{"SBUX":"星巴克"},"source_url":"https://www.barrons.com/articles/starbucks-earnings-stock-51627419105?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112939298","content_text":"Starbucks stock was dropping despite reporting better-than-expected earnings following Tuesday’s close.\nStarbucks reported non-GAAP per-share earnings of $1.01 on $7.5 billion in revenue, a record. Analysts had forecast earnings per share of $0.77 on $7.3 billion in revenue.\nDespite beating consensus revenue and earnings targets, Starbucks stock is down 3%, to $122.30.\nDriven by an 84% increase in same-store sales in America, the global coffee giant reported an overall increase in comparable-store sales of 73% relative to the third quarter last year. Indeed, brand loyalty remains strong, especially in the U.S. where 90-day active members of the Starbucks Rewards loyalty program increased 48% year-over-year and now account for 51% of all spending in U.S. stores–up 8% from pre-pandemic levels.\nIn a statement, Starbucks CEO Kevin Johnson told investors “Starbucks delivered record performance in the third quarter, demonstrating powerful momentum beyond recovery. Our ability to move with speed and agility and to be out in front of shifting customer behaviors has helped further differentiate Starbucks, positioning us well for this moment.”\nThe strong results have prompted management to raise the company’s 2021 earnings per share outlook from $2.90-$3.00 to $3.20-$3.25.\nDuring the earnings call, analysts were keen to hear about management’s outlook on China, as they expressed concerns about consumer pushback against U.S. brands in the region. However, Johnson was quick to dispel the concerns, commenting that there hasn’t been a geopolitical event in China that has impacted them in the past couple of years, and he doesn’t foresee that happening as long as they continue taking care of their partners and customers.\nWhile fears about rising labor costs did not materialize since operating margins were higher than last quarter and the corresponding period last year, analysts were expecting better performance in international markets. Cowen analyst, Andrew Charles, stated that Starbucks’s 41% change in comparable-store sales relative to the same period last year fell short of the 62% growth he anticipated to see. Nonetheless, the impressive numbers from the U.S. were enough for Charles to raise his price target from $126 to $135. Likewise, Stifel analyst Chris O’Cull had expected international comparable store sales to increase 66%. O’Cull further noted that management offered guidance, which implied roughly flat two-year international comparable store sales.\nThe question to investors remains whether strong U.S. growth is enough to keep on offsetting slower international growth and push the stock higher.","news_type":1},"isVote":1,"tweetType":1,"viewCount":362,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":153772169,"gmtCreate":1625054640351,"gmtModify":1703734943124,"author":{"id":"3585083937653075","authorId":"3585083937653075","name":"tehtarikrox","avatar":"https://static.tigerbbs.com/f30e746726d1e611876555fc37f7015f","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585083937653075","authorIdStr":"3585083937653075"},"themes":[],"htmlText":"Go more","listText":"Go more","text":"Go more","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/153772169","repostId":"1176914673","repostType":4,"isVote":1,"tweetType":1,"viewCount":287,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":153723446,"gmtCreate":1625052364885,"gmtModify":1703734894011,"author":{"id":"3585083937653075","authorId":"3585083937653075","name":"tehtarikrox","avatar":"https://static.tigerbbs.com/f30e746726d1e611876555fc37f7015f","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585083937653075","authorIdStr":"3585083937653075"},"themes":[],"htmlText":"Wow&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;","listText":"Wow&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/153723446","repostId":"1159958453","repostType":4,"repost":{"id":"1159958453","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1625051066,"share":"https://ttm.financial/m/news/1159958453?lang=&edition=fundamental","pubTime":"2021-06-30 19:04","market":"us","language":"en","title":"Xpeng Motors priced its Hong Kong shares at HK$165 each","url":"https://stock-news.laohu8.com/highlight/detail?id=1159958453","media":"Tiger Newspress","summary":"Electric-vehicle maker Xpeng Motors announced that the final offer prices for both the International","content":"<p>Electric-vehicle maker&nbsp;Xpeng Motors&nbsp;announced that the final offer prices for both the International Offering and the Hong Kong Public Offering&nbsp;have been set at HK$165.00 per Offer Share.</p>\n<p>That represents a discount of about 4.1% to itsclosing priceof $44.32 on Tuesday on the New York Stock Exchange.</p>\n<p>Xpeng Motors&nbsp;shares&nbsp;dropped&nbsp;2.5%&nbsp;in premarket trading.</p>\n<p><img src=\"https://static.tigerbbs.com/27cf170ab55f0c561ed24fddc58191bf\" tg-width=\"923\" tg-height=\"663\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Xpeng Motors priced its Hong Kong shares at HK$165 each</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\">\nXpeng Motors priced its Hong Kong shares at HK$165 each\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-06-30 19:04</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Electric-vehicle maker&nbsp;Xpeng Motors&nbsp;announced that the final offer prices for both the International Offering and the Hong Kong Public Offering&nbsp;have been set at HK$165.00 per Offer Share.</p>\n<p>That represents a discount of about 4.1% to itsclosing priceof $44.32 on Tuesday on the New York Stock Exchange.</p>\n<p>Xpeng Motors&nbsp;shares&nbsp;dropped&nbsp;2.5%&nbsp;in premarket trading.</p>\n<p><img src=\"https://static.tigerbbs.com/27cf170ab55f0c561ed24fddc58191bf\" tg-width=\"923\" tg-height=\"663\" referrerpolicy=\"no-referrer\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"XPEV":"小鹏汽车","09868":"小鹏汽车-W"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159958453","content_text":"Electric-vehicle maker Xpeng Motors announced that the final offer prices for both the International Offering and the Hong Kong Public Offering have been set at HK$165.00 per Offer Share.\nThat represents a discount of about 4.1% to itsclosing priceof $44.32 on Tuesday on the New York Stock Exchange.\nXpeng Motors shares dropped 2.5% in premarket trading.","news_type":1},"isVote":1,"tweetType":1,"viewCount":335,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":153729138,"gmtCreate":1625052262824,"gmtModify":1703734893515,"author":{"id":"3585083937653075","authorId":"3585083937653075","name":"tehtarikrox","avatar":"https://static.tigerbbs.com/f30e746726d1e611876555fc37f7015f","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585083937653075","authorIdStr":"3585083937653075"},"themes":[],"htmlText":"Strong or not enough momentum?&nbsp;","listText":"Strong or not enough momentum?&nbsp;","text":"Strong or not enough momentum?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/153729138","repostId":"1163947029","repostType":4,"isVote":1,"tweetType":1,"viewCount":333,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":163909791,"gmtCreate":1623855064113,"gmtModify":1703821594629,"author":{"id":"3585083937653075","authorId":"3585083937653075","name":"tehtarikrox","avatar":"https://static.tigerbbs.com/f30e746726d1e611876555fc37f7015f","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585083937653075","authorIdStr":"3585083937653075"},"themes":[],"htmlText":"Good sign","listText":"Good sign","text":"Good sign","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/163909791","repostId":"1109608534","repostType":4,"repost":{"id":"1109608534","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1623852639,"share":"https://ttm.financial/m/news/1109608534?lang=&edition=fundamental","pubTime":"2021-06-16 22:10","market":"us","language":"en","title":"Cruise Stocks Gain As Wolfe Upgrades On Improving Demand","url":"https://stock-news.laohu8.com/highlight/detail?id=1109608534","media":"Tiger Newspress","summary":"Shares of the largest cruise operators, namely Royal Caribbean, Norwegian Cruise Line and Carnival, ","content":"<p>Shares of the largest cruise operators, namely Royal Caribbean, Norwegian Cruise Line&nbsp;and Carnival, were up in&nbsp;moring&nbsp;trading on an upgrade by Wolfe Research.</p>\n<p>Early signs of customer demand for the return of vacations at sea should make investors more bullish on cruise stocks, according to Wolfe Research.</p>\n<p>The cruise industry was one of the hardest hit by the pandemic, with voyages being stopped around the world, but with widespread vaccinations in the U.S., the major companies have plans toresume American operations over the summer.</p>\n<p>Analyst Greg Badishkanian upgraded&nbsp;Carnival,Royal Caribbean&nbsp;and&nbsp;Norwegian Cruise Line Holdingsto outperform from peer perform, saying in a note to clients on Wednesday that early indications pointed to a strong restart for the industry.</p>\n<p>“Our checks suggest improving booking / pricing trends out of North America over the past month, with stronger trends over the past week. While there is some lingering uncertainty surrounding the U.S. restart (CDC / Florida, etc.), we view those unknowns as largely transitory when viewed against the broader reopening backdrop,” the note said.</p>\n<p>Bookings and demand are running ahead of pre-pandemic levels, according to Wolfe.</p>\n<p>“Cumulative 2022 bookings are now up approx. +10% to +15% versus 2019 levels with signs of improving 1Q demand (especially in January). Pricing is up in the +15% to 25% range vs. 2019 before factoring in [future cruise credits],” the note said.</p>\n<p>Wolfe has price targets of $32 per share for Carnival, $96 for Royal Caribbean and $36 for Norwegian. Those represent upside of roughly 12%, 8% and 17%, respectively.</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>Cruise Stocks Gain As Wolfe Upgrades On Improving Demand</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\">\nCruise Stocks Gain As Wolfe Upgrades On Improving Demand\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-06-16 22:10</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Shares of the largest cruise operators, namely Royal Caribbean, Norwegian Cruise Line&nbsp;and Carnival, were up in&nbsp;moring&nbsp;trading on an upgrade by Wolfe Research.</p>\n<p>Early signs of customer demand for the return of vacations at sea should make investors more bullish on cruise stocks, according to Wolfe Research.</p>\n<p>The cruise industry was one of the hardest hit by the pandemic, with voyages being stopped around the world, but with widespread vaccinations in the U.S., the major companies have plans toresume American operations over the summer.</p>\n<p>Analyst Greg Badishkanian upgraded&nbsp;Carnival,Royal Caribbean&nbsp;and&nbsp;Norwegian Cruise Line Holdingsto outperform from peer perform, saying in a note to clients on Wednesday that early indications pointed to a strong restart for the industry.</p>\n<p>“Our checks suggest improving booking / pricing trends out of North America over the past month, with stronger trends over the past week. While there is some lingering uncertainty surrounding the U.S. restart (CDC / Florida, etc.), we view those unknowns as largely transitory when viewed against the broader reopening backdrop,” the note said.</p>\n<p>Bookings and demand are running ahead of pre-pandemic levels, according to Wolfe.</p>\n<p>“Cumulative 2022 bookings are now up approx. +10% to +15% versus 2019 levels with signs of improving 1Q demand (especially in January). Pricing is up in the +15% to 25% range vs. 2019 before factoring in [future cruise credits],” the note said.</p>\n<p>Wolfe has price targets of $32 per share for Carnival, $96 for Royal Caribbean and $36 for Norwegian. Those represent upside of roughly 12%, 8% and 17%, respectively.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RCL":"皇家加勒比邮轮","CCL":"嘉年华邮轮","NCLH":"挪威邮轮"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1109608534","content_text":"Shares of the largest cruise operators, namely Royal Caribbean, Norwegian Cruise Line and Carnival, were up in moring trading on an upgrade by Wolfe Research.\nEarly signs of customer demand for the return of vacations at sea should make investors more bullish on cruise stocks, according to Wolfe Research.\nThe cruise industry was one of the hardest hit by the pandemic, with voyages being stopped around the world, but with widespread vaccinations in the U.S., the major companies have plans toresume American operations over the summer.\nAnalyst Greg Badishkanian upgraded Carnival,Royal Caribbean and Norwegian Cruise Line Holdingsto outperform from peer perform, saying in a note to clients on Wednesday that early indications pointed to a strong restart for the industry.\n“Our checks suggest improving booking / pricing trends out of North America over the past month, with stronger trends over the past week. While there is some lingering uncertainty surrounding the U.S. restart (CDC / Florida, etc.), we view those unknowns as largely transitory when viewed against the broader reopening backdrop,” the note said.\nBookings and demand are running ahead of pre-pandemic levels, according to Wolfe.\n“Cumulative 2022 bookings are now up approx. +10% to +15% versus 2019 levels with signs of improving 1Q demand (especially in January). Pricing is up in the +15% to 25% range vs. 2019 before factoring in [future cruise credits],” the note said.\nWolfe has price targets of $32 per share for Carnival, $96 for Royal Caribbean and $36 for Norwegian. Those represent upside of roughly 12%, 8% and 17%, respectively.","news_type":1},"isVote":1,"tweetType":1,"viewCount":558,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":114972035,"gmtCreate":1623046562427,"gmtModify":1704194967313,"author":{"id":"3585083937653075","authorId":"3585083937653075","name":"tehtarikrox","avatar":"https://static.tigerbbs.com/f30e746726d1e611876555fc37f7015f","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585083937653075","authorIdStr":"3585083937653075"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/114972035","repostId":"1132528661","repostType":4,"repost":{"id":"1132528661","pubTimestamp":1623026663,"share":"https://ttm.financial/m/news/1132528661?lang=&edition=fundamental","pubTime":"2021-06-07 08:44","market":"us","language":"en","title":"After Years in Prison, China Grocery Tycoon Weighs Twin IPOs","url":"https://stock-news.laohu8.com/highlight/detail?id=1132528661","media":"bloomberg","summary":"In 2018, Zhang Wenzhong was cleared by China’s top court of financial misconduct charges after earli","content":"<p>In 2018, Zhang Wenzhong was cleared by China’s top court of financial misconduct charges after earlier spending more than half a decade in prison. Three years later, the Chinese tycoon has revived the supermarket business he founded, and is about to launch two initial public offerings -- one in Hong Kong and the other in the U.S.</p><p>It’s a marked reversal of fortunes for Zhang, 59, who watched the Wumart grocery store chain he started in 1994 languish after he was convicted of fraudulently receiving funds from the state, bribery related to a business he had tried to acquire, and using funds from an insurance firm to trade for personal gain.</p><p>While the convictions were eventuallyoverturnedby China’s highest court in 2018, Zhang returned from prison to a company that had been deserted by its staff, suppliers and investors.</p><p>“This experience let me really understand life is short,” Zhang said in an interview with Bloomberg Television. “Everything can suddenly happen to you. In the meantime, everything will just pass.”</p><p>In the period since his release -- in 2013, after serving a reduced sentence -- Zhang has made Wumart a player in China’s hyper-competitive supermarket sector again.</p><p>He did it by pivoting Wumart stores, known as Wumei in Mandarin, in the direction of innovations that tech giants likeAlibaba Group Holding Ltd.andJD.com Inc.pioneered in China’s $1.3 trillion groceries market. These included guaranteeing rapid delivery of fresh groceries, and giving customers the option to bypass check-out counters and pay via mobile phones.</p><p>Wumart has used its offline supply chain advantages to launch sub-brands selling fish and vegetables good only for a day, while it now delivers to 94% of Beijing compounds within the fifth ring road in as fast as 30 minutes, with its hypermarkets serving as fulfillment centers.</p><p>Zhang also fought to build scale, borrowing to buy majority stakes in the China businesses of British home-improvement chain B&amp;Q Ltd. and German wholesalerMetro AG.</p><p>Crowded Field</p><p>Biggest chains by sales in China's hyper-competitive grocery landscape</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8c9de1dac712b5dc1ef67e1dd9a8ba85\" tg-width=\"969\" tg-height=\"556\" referrerpolicy=\"no-referrer\"><span>Source: China Chain Store &amp; Franchise Association in June 2020</span></p><p>Note: Sales in community stores, supermarkets and hypermarkets, considering both online and offline channels</p><p>Now, he’s looking to raise as much as $1 billion in an IPO in Hong Kong for WM Tech Corp., a unit that includes the company’s two flagship chains -- Wumart, with 426 stores, and Metro China, which has 97.</p><p>WM Tech’sprospectusshows its revenue jumped to 39.1 billion yuan ($6.1 billion) in 2020, up from 21.4 billion yuan in 2018, largely due to the Metro acquisition. On its own, the Wumart chain’s revenue grew 6.4% and 8.1% in 2019 and 2020 respectively, according to the documents.</p><p>Separately, Zhang also founded an e-commerce platform namedDmall Inc.that provides online retail solutions, helping traditional brick-and-mortar businesses bring their services online via its cloud and operating systems.</p><p>Dmall, backed by investors like Tencent Holdings Ltd., IDG Capital and Lenovo Group Ltd.’s technology industry fund, is planning to list in the U.S. as soon as the second half of this year, Bloomberg earlierreported.</p><p>Still, Zhang faces an uphill battle to keep his businesses growing in China’s fragmented, competitive groceries industry.</p><p>Wumart had a 3.4% share of China’s hypermarket industry in 2020 according to data from Euromonitor International, making it the sixth-largest chain. While that’s an improvement from 2015’s 2%, it’s still far behind the 9.3% share enjoyed byWalmart Inc.’s China operations,Yonghui Superstores Co.at 11.9% and the Alibaba-backedSun Art Retail Group, which leads with a 13.7% share.</p><p>And while Wumart has managed to catch up in some areas, China’s supermarket landscape continues to change rapidly, driven by efforts to provide shoppers with a seamless off and online shopping experience centered on mobile apps, especially as more consumers abandon physical retail in the wake of the pandemic.</p><p>Tech giants have the advantage here, with their existing digital infrastructure and control of customer data. Alibaba’s Hema supermarket chain started only in 2015 and already makes more revenue than Wumart’s network, according to 2019 data from China Chain Store &amp; Franchise Association. Alibaba also controls market leader Sun Art and has a 20% stake in Suning.com.</p><p>Competition is also fierce because there are no clear market leaders: combined market share of the five largest grocery retailers in China is only 27%, compared with 66% in the U.S., 76% in the U.K. and 77% in France, according to Lingyi Zhao, the Beijing-based chief retail and e-commerce analyst at SWS Research, citingdataaggregated from consumer research company Kantar.</p><p>“Supermarkets had long been a thin-margin business that people say is like picking up coins on the ground,” Zhao said. “Now with tech giants entering the battleground, it adds a new source of pressure.”</p><p>WM Tech is highly indebted after borrowing to fund its turnaround, which makes the timing of the IPOs crucial. Its liabilities-to-assets ratio was 97% in 2020, compared with just over 60% for bigger industry rivals like Sun Art and Yonghui.</p><p>Liabilities have ballooned to 40.8 billion yuan ($6.4 billion) due to the acquisitions, while finance costs increased 33% to 760 million yuan in 2020 from the previous year -- higher than WM Tech’s net income in the same period.</p><p>'Picking Up Coins'</p><p>China's leading grocery retailers have razor-thin net margins</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d96e40cd9e49978c28a7f7b0aa258abc\" tg-width=\"955\" tg-height=\"388\" referrerpolicy=\"no-referrer\"><span>Source: SWS Research, company filings</span></p><p>Note: Wumei data shows Wumart and Metro stores combined</p><p>Zhang says the company is keeping up with trends in the Chinese industry and investing into new growth drivers, like services for “community buying,” in which groups form on social media to place grocery orders in bulk for neighbors and friends. In March, the company agreed to invest in Chinese ride-hailing giant Didi Chuxing Inc.’s community group buying service, entering a space that tech companies like Meituan and Pinduoduo Inc. have put money into.</p><p>Wumart also began livestreaming sales events last year and now typically holds them twice a week, co-hosted by different brands.</p><p>“Today, Wumart stores are very different from six years ago,” Zhang said. “The world has been changed. If you want to survive, as retailers you need to adapt.”</p><p>Initially handed an 18-year sentence on the fraud, organizational bribery and embezzlement charges, Zhang was released in 2013 after his sentence was shortened. He then spent years grappling with China’s legal system before the Supreme People’s Court overturned the convictions against him in 2018.</p><p>In its decision, the courtsaidprivate companies had been eligible for state funds at the time Wumart applied, that Zhang’s company hadn’t had an improper advantage in the acquisition, and that there was no evidence Zhang had embezzled funds for his own benefit.</p><p>Whether this history has an impact on his fundraising abilities remains to be seen. Dmall’s U.S. listing is being planned at a time whenscrutinyof Chinese business by the Biden administration is increasing.</p><p>Drawing on his prison time, Zhang struck a sanguine note on the challenges ahead.</p><p>“If you really have a strong heart, if you really survive from those kinds of hardships, you will become stronger,” he said. “You can survive in different seasons.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>After Years in Prison, China Grocery Tycoon Weighs Twin IPOs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAfter Years in Prison, China Grocery Tycoon Weighs Twin IPOs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-07 08:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-06/after-years-in-prison-china-grocery-tycoon-weighs-twin-ipos><strong>bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>In 2018, Zhang Wenzhong was cleared by China’s top court of financial misconduct charges after earlier spending more than half a decade in prison. Three years later, the Chinese tycoon has revived the...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-06/after-years-in-prison-china-grocery-tycoon-weighs-twin-ipos\">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://www.bloomberg.com/news/articles/2021-06-06/after-years-in-prison-china-grocery-tycoon-weighs-twin-ipos","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1132528661","content_text":"In 2018, Zhang Wenzhong was cleared by China’s top court of financial misconduct charges after earlier spending more than half a decade in prison. Three years later, the Chinese tycoon has revived the supermarket business he founded, and is about to launch two initial public offerings -- one in Hong Kong and the other in the U.S.It’s a marked reversal of fortunes for Zhang, 59, who watched the Wumart grocery store chain he started in 1994 languish after he was convicted of fraudulently receiving funds from the state, bribery related to a business he had tried to acquire, and using funds from an insurance firm to trade for personal gain.While the convictions were eventuallyoverturnedby China’s highest court in 2018, Zhang returned from prison to a company that had been deserted by its staff, suppliers and investors.“This experience let me really understand life is short,” Zhang said in an interview with Bloomberg Television. “Everything can suddenly happen to you. In the meantime, everything will just pass.”In the period since his release -- in 2013, after serving a reduced sentence -- Zhang has made Wumart a player in China’s hyper-competitive supermarket sector again.He did it by pivoting Wumart stores, known as Wumei in Mandarin, in the direction of innovations that tech giants likeAlibaba Group Holding Ltd.andJD.com Inc.pioneered in China’s $1.3 trillion groceries market. These included guaranteeing rapid delivery of fresh groceries, and giving customers the option to bypass check-out counters and pay via mobile phones.Wumart has used its offline supply chain advantages to launch sub-brands selling fish and vegetables good only for a day, while it now delivers to 94% of Beijing compounds within the fifth ring road in as fast as 30 minutes, with its hypermarkets serving as fulfillment centers.Zhang also fought to build scale, borrowing to buy majority stakes in the China businesses of British home-improvement chain B&Q Ltd. and German wholesalerMetro AG.Crowded FieldBiggest chains by sales in China's hyper-competitive grocery landscapeSource: China Chain Store & Franchise Association in June 2020Note: Sales in community stores, supermarkets and hypermarkets, considering both online and offline channelsNow, he’s looking to raise as much as $1 billion in an IPO in Hong Kong for WM Tech Corp., a unit that includes the company’s two flagship chains -- Wumart, with 426 stores, and Metro China, which has 97.WM Tech’sprospectusshows its revenue jumped to 39.1 billion yuan ($6.1 billion) in 2020, up from 21.4 billion yuan in 2018, largely due to the Metro acquisition. On its own, the Wumart chain’s revenue grew 6.4% and 8.1% in 2019 and 2020 respectively, according to the documents.Separately, Zhang also founded an e-commerce platform namedDmall Inc.that provides online retail solutions, helping traditional brick-and-mortar businesses bring their services online via its cloud and operating systems.Dmall, backed by investors like Tencent Holdings Ltd., IDG Capital and Lenovo Group Ltd.’s technology industry fund, is planning to list in the U.S. as soon as the second half of this year, Bloomberg earlierreported.Still, Zhang faces an uphill battle to keep his businesses growing in China’s fragmented, competitive groceries industry.Wumart had a 3.4% share of China’s hypermarket industry in 2020 according to data from Euromonitor International, making it the sixth-largest chain. While that’s an improvement from 2015’s 2%, it’s still far behind the 9.3% share enjoyed byWalmart Inc.’s China operations,Yonghui Superstores Co.at 11.9% and the Alibaba-backedSun Art Retail Group, which leads with a 13.7% share.And while Wumart has managed to catch up in some areas, China’s supermarket landscape continues to change rapidly, driven by efforts to provide shoppers with a seamless off and online shopping experience centered on mobile apps, especially as more consumers abandon physical retail in the wake of the pandemic.Tech giants have the advantage here, with their existing digital infrastructure and control of customer data. Alibaba’s Hema supermarket chain started only in 2015 and already makes more revenue than Wumart’s network, according to 2019 data from China Chain Store & Franchise Association. Alibaba also controls market leader Sun Art and has a 20% stake in Suning.com.Competition is also fierce because there are no clear market leaders: combined market share of the five largest grocery retailers in China is only 27%, compared with 66% in the U.S., 76% in the U.K. and 77% in France, according to Lingyi Zhao, the Beijing-based chief retail and e-commerce analyst at SWS Research, citingdataaggregated from consumer research company Kantar.“Supermarkets had long been a thin-margin business that people say is like picking up coins on the ground,” Zhao said. “Now with tech giants entering the battleground, it adds a new source of pressure.”WM Tech is highly indebted after borrowing to fund its turnaround, which makes the timing of the IPOs crucial. Its liabilities-to-assets ratio was 97% in 2020, compared with just over 60% for bigger industry rivals like Sun Art and Yonghui.Liabilities have ballooned to 40.8 billion yuan ($6.4 billion) due to the acquisitions, while finance costs increased 33% to 760 million yuan in 2020 from the previous year -- higher than WM Tech’s net income in the same period.'Picking Up Coins'China's leading grocery retailers have razor-thin net marginsSource: SWS Research, company filingsNote: Wumei data shows Wumart and Metro stores combinedZhang says the company is keeping up with trends in the Chinese industry and investing into new growth drivers, like services for “community buying,” in which groups form on social media to place grocery orders in bulk for neighbors and friends. In March, the company agreed to invest in Chinese ride-hailing giant Didi Chuxing Inc.’s community group buying service, entering a space that tech companies like Meituan and Pinduoduo Inc. have put money into.Wumart also began livestreaming sales events last year and now typically holds them twice a week, co-hosted by different brands.“Today, Wumart stores are very different from six years ago,” Zhang said. “The world has been changed. If you want to survive, as retailers you need to adapt.”Initially handed an 18-year sentence on the fraud, organizational bribery and embezzlement charges, Zhang was released in 2013 after his sentence was shortened. He then spent years grappling with China’s legal system before the Supreme People’s Court overturned the convictions against him in 2018.In its decision, the courtsaidprivate companies had been eligible for state funds at the time Wumart applied, that Zhang’s company hadn’t had an improper advantage in the acquisition, and that there was no evidence Zhang had embezzled funds for his own benefit.Whether this history has an impact on his fundraising abilities remains to be seen. Dmall’s U.S. listing is being planned at a time whenscrutinyof Chinese business by the Biden administration is increasing.Drawing on his prison time, Zhang struck a sanguine note on the challenges ahead.“If you really have a strong heart, if you really survive from those kinds of hardships, you will become stronger,” he said. “You can survive in different seasons.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":306,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":135310558,"gmtCreate":1622130394374,"gmtModify":1704180109500,"author":{"id":"3585083937653075","authorId":"3585083937653075","name":"tehtarikrox","avatar":"https://static.tigerbbs.com/f30e746726d1e611876555fc37f7015f","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585083937653075","authorIdStr":"3585083937653075"},"themes":[],"htmlText":"Not sure if mgm is a good acquisition&nbsp;","listText":"Not sure if mgm is a good acquisition&nbsp;","text":"Not sure if mgm is a good acquisition","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/135310558","repostId":"2138291120","repostType":4,"repost":{"id":"2138291120","pubTimestamp":1622121900,"share":"https://ttm.financial/m/news/2138291120?lang=&edition=fundamental","pubTime":"2021-05-27 21:25","market":"us","language":"en","title":"Why Amazon's MGM Deal Is Bad for Netflix","url":"https://stock-news.laohu8.com/highlight/detail?id=2138291120","media":"Motley Fool","summary":"The streamer will need to fight for every subscriber it can.","content":"<p><b>Amazon</b>'s (NASDAQ:AMZN) blockbuster acquisition of MGM Studios for $8.4 billion could cause headaches for rival <b>Netflix</b> (NASDAQ:NFLX) as it creates a much more formidable competitor in the streaming arena.</p><p>After Netflix added fewer than 4 million new subscribers in the first quarter and said it expects to add only around 1 million in the second, analysts believe Amazon's movie deal makes it imperative that Netflix show it can resume growth in the back half of the year.</p><p>For years Netflix has been the straw that stirred streaming video's drink, and as more competitors entered the market during the pandemic's year of lockdowns, it largely remained the premiere streamer.</p><p>Yet there are limits to just how many services consumers will subscribe to. Though Netflix is often still considered to be <a href=\"https://laohu8.com/S/AONE\">one</a> of the default options, Benchmark analyst Matthew Harrigan just told investors in a research note the \"global video streaming playing field is looking ever less unipolar\" around Netflix, and rival services will be seen as much more competitive.</p><p>He's not alone. Truist analyst Matthew Thornton says Amazon's Prime Video is now \"more formidable,\" though he only sees it as \"modestly negative\" for Netflix and <b>Walt Disney</b>, and Piper Sandler analyst Thomas Champion said he believes it \"may be a bigger issue\" for the two.</p><p>The deal gives Amazon much greater access to quality content and could lead Netflix to lose more content. Since more studios are diverting more content to their own direct-to-consumer services, Netflix will need to rely upon greater amounts of original movies and shows.</p><p>That may not be as much of a draw for luring in new subscribers, and could be more worrisome if the deal signals there is more consolidation on the horizon.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Amazon's MGM Deal Is Bad for Netflix</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\">\nWhy Amazon's MGM Deal Is Bad for Netflix\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-27 21:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/05/27/why-amazons-mgm-deal-is-bad-for-netflix/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Amazon's (NASDAQ:AMZN) blockbuster acquisition of MGM Studios for $8.4 billion could cause headaches for rival Netflix (NASDAQ:NFLX) as it creates a much more formidable competitor in the streaming ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/05/27/why-amazons-mgm-deal-is-bad-for-netflix/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊","NFLX":"奈飞"},"source_url":"https://www.fool.com/investing/2021/05/27/why-amazons-mgm-deal-is-bad-for-netflix/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2138291120","content_text":"Amazon's (NASDAQ:AMZN) blockbuster acquisition of MGM Studios for $8.4 billion could cause headaches for rival Netflix (NASDAQ:NFLX) as it creates a much more formidable competitor in the streaming arena.After Netflix added fewer than 4 million new subscribers in the first quarter and said it expects to add only around 1 million in the second, analysts believe Amazon's movie deal makes it imperative that Netflix show it can resume growth in the back half of the year.For years Netflix has been the straw that stirred streaming video's drink, and as more competitors entered the market during the pandemic's year of lockdowns, it largely remained the premiere streamer.Yet there are limits to just how many services consumers will subscribe to. Though Netflix is often still considered to be one of the default options, Benchmark analyst Matthew Harrigan just told investors in a research note the \"global video streaming playing field is looking ever less unipolar\" around Netflix, and rival services will be seen as much more competitive.He's not alone. Truist analyst Matthew Thornton says Amazon's Prime Video is now \"more formidable,\" though he only sees it as \"modestly negative\" for Netflix and Walt Disney, and Piper Sandler analyst Thomas Champion said he believes it \"may be a bigger issue\" for the two.The deal gives Amazon much greater access to quality content and could lead Netflix to lose more content. Since more studios are diverting more content to their own direct-to-consumer services, Netflix will need to rely upon greater amounts of original movies and shows.That may not be as much of a draw for luring in new subscribers, and could be more worrisome if the deal signals there is more consolidation on the horizon.","news_type":1},"isVote":1,"tweetType":1,"viewCount":373,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":135335956,"gmtCreate":1622130192475,"gmtModify":1704180100651,"author":{"id":"3585083937653075","authorId":"3585083937653075","name":"tehtarikrox","avatar":"https://static.tigerbbs.com/f30e746726d1e611876555fc37f7015f","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585083937653075","authorIdStr":"3585083937653075"},"themes":[],"htmlText":"Invest in your people&nbsp;","listText":"Invest in your people&nbsp;","text":"Invest in your people","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/135335956","repostId":"2138017373","repostType":4,"repost":{"id":"2138017373","pubTimestamp":1622128822,"share":"https://ttm.financial/m/news/2138017373?lang=&edition=fundamental","pubTime":"2021-05-27 23:20","market":"us","language":"en","title":"Walmart CEO to HBS grads: 'Life and business are about balance but if you’re going to lean, lean towards the long term'","url":"https://stock-news.laohu8.com/highlight/detail?id=2138017373","media":"Yahoo Finance","summary":"Walmart (WMT) CEO Doug McMillon offered Harvard Business School’s graduating class an anthem on stak","content":"<p>Walmart (WMT) CEO Doug McMillon offered Harvard Business School’s graduating class an anthem on stakeholder capitalism in his commencement address on Thursday as more people feel the current system is broken.</p>\n<p>“I think Winston Churchill had it right when he said something like democracy is the worst form of government except for all the others that have been tried. I feel the same way about capitalism,” McMillon said during his distinguished speaker address at HBS’s Class Day, the student-led ceremony.</p>\n<p>The 54-year-old CEO of the nation’s largest private employer and world’s largest retailer pointed out that “It’s a coin toss between the number of people who believe capitalism is working and those who don’t.”</p>\n<p>“I’m told your class feels the same way. My understanding is you were asked whether capitalism was broken or not and the results were 50/50. The way I see it, capitalism is imperfect because humans are imperfect,” McMillon said.</p>\n<p>At the beginning of 2020, McMillon took over as chair of the Business Roundtable shortly after the non-profit association of nearly 200 U.S. CEOs adopted a new Statement on the Purpose of a Corporation moving away from shareholder primacy and declaring “companies should serve not only their shareholders, but also deliver value to their customers, invest in employees, deal fairly with suppliers and support the communities in which they operate.”</p>\n<p>McMillon, an Arkansas native who started his career at Walmart as a 17-year-old high schooler loading trucks at a warehouse in the summer for $6.50 an hour, told the business school graduates “too many people are being left behind in today’s economy.”</p>\n<p>“Where you are born, or the color of your skin, should not have such a dramatic impact on your opportunities. But they do. So, how do we improve these systems, democracy and capitalism, to create more equity, more economic freedom and more trust? These systems are overlapping. They are connected. And, they both need work,” McMillon added.</p>\n<p>When it comes to capitalism, McMillon thinks “more and more people are starting to understand the importance of balance and of system-design thinking.”</p>\n<p>“Making a profit is not only a necessity, it’s the oxygen that enables investment. But stressing short term profit maximization creates negative consequences over the longer term,” he added.</p>\n<p>McMillon cautioned that businesses “get in trouble when you start thinking too much about this quarter or even this year.”</p>\n<p>\"Life and business are about balance but if you’re going to lean, lean towards the long term,\" he said.</p>\n<p>According to McMillon, “Investing for the longer term can be a very difficult decision for companies to make.” The CEO noted that in the last fiscal year, Walmart’s pre-tax operating margin was 4.1%, making the retailer “pretty sensitive to short term investments.”</p>\n<p>McMillon also highlighted that when the company announced it was boosting wages for its hourly associates, the share price fell.</p>\n<p>“In 2015, we announced we were investing $2.7 billion in associate wages. We made that announcement during our annual investor conference inside the New York Stock Exchange. We made the announcement around 9:45 a.m. By close of trading that afternoon, we’d lost over $21 billion in market cap. In February of this year, we announced more wage investments along with an increase in capital investment for automation. The share price went down by 6.5% that day,” McMillon told the graduates.</p>\n<p><img src=\"https://static.tigerbbs.com/bee9b12b82298a4633e81a33b3995b6e\" tg-width=\"2400\" tg-height=\"1665\" referrerpolicy=\"no-referrer\">IMAGE DISTRIBUTED FOR WALMART INC. - Walmart CEO Doug McMillon talks to an audience of suppliers and Walmart associates at the Walmart Product Sustainability Expo, on Tuesday, April 29, 2014 in Rogers, Ark. Walmart kicked off its inaugural Sustainable Product Expo, a three day collaboration with its suppliers to expand the availability of products that sustain people and the environment. Participating suppliers represent more than $100 billion in sales at Walmart; underlining the scale and scope of the Expo. (Spencer Tirey/AP Images for Walmart Inc.)AP Images for Walmart Inc.</p>\n<h2>'Investing in our people'</h2>\n<p>Under McMillon’s leadership, the retailer has raised its wages and expanded its benefits for its employees. Yahoo Finance reported in February that Walmart raised wages for 425,000 of store associates in the digital and stocking workgroups to a range of $13 to $19 per hour, depending on location and market. In September, Walmart raised wages for 165,000 of its hourly associates in its Supercenters. With the latest hike, Walmart now has about 730,000 U.S. store associates, approximately half of its workforce, earning $15 or more per hour.</p>\n<p>Walmart currently pays an hourly minimum wage of $11 per hour, with the exception of where the minimum starting wage is higher. As Yahoo Finance reported earlier this year, the average wage for its U.S. hourly workforce is at least $15.25 per hour, according to the retailer.</p>\n<p>McMillon told the graduating class that the company is “convinced that investing in our people is smart business just as we believe in our investments in communities and the planet.”</p>\n<p>“Our share price over the last five years has doubled. We think that’s proof that a multi-stakeholder approach with a longer-term bias builds more valuable companies,” he added.</p>\n<p>To be sure, Walmart’s multi-stakeholder approach “has been a process of maturation.”</p>\n<p>“As a younger company, we were relentlessly focused on customers and associates. We felt if we served them well, shareholders would benefit. But we weren’t seeing our entire system and its connection to communities and the planet in the same way we do today,” McMillon said.</p>\n<p>McMillon acknowledged that Walmart “faced a lot of criticism in the 90s and early 2000s on a variety of issues” and the company “responded by feeling offended and defending ourselves with facts and fast responses.”</p>\n<p>“That wasn’t working and it certainly didn’t feel satisfying,” he said, adding, “Our CEO, Lee Scott, asked us to, instead, meet face to face with some of our most harsh critics. He asked us to let our guards down, listen and learn … to look for ways we could improve. He asked us to focus on making the company a better company and suggested we could come back to telling our story later. We met with and listened to people like Paul Hawken, Amory Lovins, Sister Barbara Aires and Reverend Al Sharpton. We read books about sustainability and took field trips. Our mindset changed.”</p>\n<p>He went on to recall how the company’s work in New Orleans in 2005 after Hurricane Katrina was a “decisive moment” for Walmart.</p>\n<p>“The pride we felt in the days that followed opened a door to permanent change and we seized it. We made very public commitments related to social and environmental sustainability and we’ve been working on those ever since,” he added.</p>\n<p>McMillon went on to tout some of Walmart’s recent commitments, including its plans to be a zero-emission company across its global operations by 2040 and its $100 million investment in a Center for Racial Equity.</p>\n<p>“I’m not saying we’re perfect. Of course, we aren’t. But we’re motivated and encouraged that we can put the size of Walmart to work to make a difference. Our hope is that we can play a role in bringing people together. We aspire to be part of the fabric that strengthens communities and the countries where we operate.”</p>","source":"yahoofinance","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>Walmart CEO to HBS grads: 'Life and business are about balance but if you’re going to lean, lean towards the long term'</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\">\nWalmart CEO to HBS grads: 'Life and business are about balance but if you’re going to lean, lean towards the long term'\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-27 23:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/walmart-ceo-harvard-business-school-commencement-speech-150222300.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Walmart (WMT) CEO Doug McMillon offered Harvard Business School’s graduating class an anthem on stakeholder capitalism in his commencement address on Thursday as more people feel the current system is...</p>\n\n<a href=\"https://finance.yahoo.com/news/walmart-ceo-harvard-business-school-commencement-speech-150222300.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"WMT":"沃尔玛"},"source_url":"https://finance.yahoo.com/news/walmart-ceo-harvard-business-school-commencement-speech-150222300.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2138017373","content_text":"Walmart (WMT) CEO Doug McMillon offered Harvard Business School’s graduating class an anthem on stakeholder capitalism in his commencement address on Thursday as more people feel the current system is broken.\n“I think Winston Churchill had it right when he said something like democracy is the worst form of government except for all the others that have been tried. I feel the same way about capitalism,” McMillon said during his distinguished speaker address at HBS’s Class Day, the student-led ceremony.\nThe 54-year-old CEO of the nation’s largest private employer and world’s largest retailer pointed out that “It’s a coin toss between the number of people who believe capitalism is working and those who don’t.”\n“I’m told your class feels the same way. My understanding is you were asked whether capitalism was broken or not and the results were 50/50. The way I see it, capitalism is imperfect because humans are imperfect,” McMillon said.\nAt the beginning of 2020, McMillon took over as chair of the Business Roundtable shortly after the non-profit association of nearly 200 U.S. CEOs adopted a new Statement on the Purpose of a Corporation moving away from shareholder primacy and declaring “companies should serve not only their shareholders, but also deliver value to their customers, invest in employees, deal fairly with suppliers and support the communities in which they operate.”\nMcMillon, an Arkansas native who started his career at Walmart as a 17-year-old high schooler loading trucks at a warehouse in the summer for $6.50 an hour, told the business school graduates “too many people are being left behind in today’s economy.”\n“Where you are born, or the color of your skin, should not have such a dramatic impact on your opportunities. But they do. So, how do we improve these systems, democracy and capitalism, to create more equity, more economic freedom and more trust? These systems are overlapping. They are connected. And, they both need work,” McMillon added.\nWhen it comes to capitalism, McMillon thinks “more and more people are starting to understand the importance of balance and of system-design thinking.”\n“Making a profit is not only a necessity, it’s the oxygen that enables investment. But stressing short term profit maximization creates negative consequences over the longer term,” he added.\nMcMillon cautioned that businesses “get in trouble when you start thinking too much about this quarter or even this year.”\n\"Life and business are about balance but if you’re going to lean, lean towards the long term,\" he said.\nAccording to McMillon, “Investing for the longer term can be a very difficult decision for companies to make.” The CEO noted that in the last fiscal year, Walmart’s pre-tax operating margin was 4.1%, making the retailer “pretty sensitive to short term investments.”\nMcMillon also highlighted that when the company announced it was boosting wages for its hourly associates, the share price fell.\n“In 2015, we announced we were investing $2.7 billion in associate wages. We made that announcement during our annual investor conference inside the New York Stock Exchange. We made the announcement around 9:45 a.m. By close of trading that afternoon, we’d lost over $21 billion in market cap. In February of this year, we announced more wage investments along with an increase in capital investment for automation. The share price went down by 6.5% that day,” McMillon told the graduates.\nIMAGE DISTRIBUTED FOR WALMART INC. - Walmart CEO Doug McMillon talks to an audience of suppliers and Walmart associates at the Walmart Product Sustainability Expo, on Tuesday, April 29, 2014 in Rogers, Ark. Walmart kicked off its inaugural Sustainable Product Expo, a three day collaboration with its suppliers to expand the availability of products that sustain people and the environment. Participating suppliers represent more than $100 billion in sales at Walmart; underlining the scale and scope of the Expo. (Spencer Tirey/AP Images for Walmart Inc.)AP Images for Walmart Inc.\n'Investing in our people'\nUnder McMillon’s leadership, the retailer has raised its wages and expanded its benefits for its employees. Yahoo Finance reported in February that Walmart raised wages for 425,000 of store associates in the digital and stocking workgroups to a range of $13 to $19 per hour, depending on location and market. In September, Walmart raised wages for 165,000 of its hourly associates in its Supercenters. With the latest hike, Walmart now has about 730,000 U.S. store associates, approximately half of its workforce, earning $15 or more per hour.\nWalmart currently pays an hourly minimum wage of $11 per hour, with the exception of where the minimum starting wage is higher. As Yahoo Finance reported earlier this year, the average wage for its U.S. hourly workforce is at least $15.25 per hour, according to the retailer.\nMcMillon told the graduating class that the company is “convinced that investing in our people is smart business just as we believe in our investments in communities and the planet.”\n“Our share price over the last five years has doubled. We think that’s proof that a multi-stakeholder approach with a longer-term bias builds more valuable companies,” he added.\nTo be sure, Walmart’s multi-stakeholder approach “has been a process of maturation.”\n“As a younger company, we were relentlessly focused on customers and associates. We felt if we served them well, shareholders would benefit. But we weren’t seeing our entire system and its connection to communities and the planet in the same way we do today,” McMillon said.\nMcMillon acknowledged that Walmart “faced a lot of criticism in the 90s and early 2000s on a variety of issues” and the company “responded by feeling offended and defending ourselves with facts and fast responses.”\n“That wasn’t working and it certainly didn’t feel satisfying,” he said, adding, “Our CEO, Lee Scott, asked us to, instead, meet face to face with some of our most harsh critics. He asked us to let our guards down, listen and learn … to look for ways we could improve. He asked us to focus on making the company a better company and suggested we could come back to telling our story later. We met with and listened to people like Paul Hawken, Amory Lovins, Sister Barbara Aires and Reverend Al Sharpton. We read books about sustainability and took field trips. Our mindset changed.”\nHe went on to recall how the company’s work in New Orleans in 2005 after Hurricane Katrina was a “decisive moment” for Walmart.\n“The pride we felt in the days that followed opened a door to permanent change and we seized it. We made very public commitments related to social and environmental sustainability and we’ve been working on those ever since,” he added.\nMcMillon went on to tout some of Walmart’s recent commitments, including its plans to be a zero-emission company across its global operations by 2040 and its $100 million investment in a Center for Racial Equity.\n“I’m not saying we’re perfect. Of course, we aren’t. But we’re motivated and encouraged that we can put the size of Walmart to work to make a difference. Our hope is that we can play a role in bringing people together. We aspire to be part of the fabric that strengthens communities and the countries where we operate.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":635,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}