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malamei

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- malameimalamei
  ·2022-06-10
  [Speechless]
  DiDi Global's Disastrous Run as U.S.-Listed Stock Set to End on Friday
  About one year ago DiDi Global's (NYSE: DIDI) New York IPO was met with much enthusiasm and fanfare,
  DiDi Global's Disastrous Run as U.S.-Listed Stock Set to End on Friday
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- malameimalamei
  ·2021-07-13
  Like and comment, thx
  Why Virgin Galactic stock is down sharply after successful spaceflight
  Virgin Galactic is down 17.3% to cut into the gain it built up ahead of last weekend's spaceflight.
  Why Virgin Galactic stock is down sharply after successful spaceflight
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- malameimalamei
  ·2021-07-12
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  Virgin Galactic And Irrational Exuberance
  Summary We tried to determine what the financial performance of the company should be in order for
  Virgin Galactic And Irrational Exuberance
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- malameimalamei
  ·2021-07-12
  Like and comments pls tq
  Chase, Delta, Goldman Sachs, PepsiCo, and Other Stocks to Watch This Week
  Second-quarter earnings season gets under way this week, with several big banks reporting. JPMorgan ChaseandGoldman SachsGroup kick things off on Tuesday, followed byBank of America,Wells Fargo,andCitigroupon Wednesday andMorgan Stanleyon Thursday.The week’s economic calendar will be equally busy. The Bureau of Labor Statistics releases the consumer price index for June on Tuesday, followed by the producer price index for June on Wednesday. Expectations are for year-over-year increases of 4.0% a
  Chase, Delta, Goldman Sachs, PepsiCo, and Other Stocks to Watch This Week
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Friday is expected to be DiDi&#39;s last day trading on the NYSE, according to reports from Nikkei Asia.</p><p>The delisting news is not new news. DiDi announced on May 23, 2022, that shareholders overwhelming approved the resolution to delist the ADSs from the NYSE. However, the timing is. The company has not notified shareholders of the exact date of the delisting, although two people familiar with the matter told Nikkei Asia it would be Friday.</p><p>The NYSE, for its part, is not talking. When asked if DiDi shares would delist on Friday an NYSE spokesperson said &#34;we do not have a comment on the matter.&#34;</p><p>DiDi has had nothing short of a disastrous run as a public company.</p><p>After pricing its IPO at $14, shares opened up at $16.65 on June 30, 2021. Shares hit the all-time high of $18.01 that same day but it has been all downhill since. Friday, DiDi closed at just $2.36.</p><p><img src=\"https://static.tigerbbs.com/325713a91924cab05ac5298dd470b6d4\" tg-width=\"1499\" tg-height=\"1052\" referrerpolicy=\"no-referrer\"/>Recently when on June 6th reports surfaced that China was set to remove the ban on new users and allow its mobile apps to return to domestic app stores.</p><p>It is unclear if DiDi Global&#39;s shares will continue to trade on the OTC after the NYSE delisting.</p></body></html>","source":"highlight_streetinsider","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>DiDi Global's Disastrous Run as U.S.-Listed Stock Set to End on Friday</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\">\nDiDi Global's Disastrous Run as U.S.-Listed Stock Set to End on Friday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-10 09:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=20196516><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>About one year ago DiDi Global's (NYSE: DIDI) New York IPO was met with much enthusiasm and fanfare, but now the Chinese ride-sharing company is seeing its American dreams fade away. Friday is ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=20196516\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DIDIY":"DiDi Global Inc.","BK4539":"次新股","BK4526":"热门中概股","BK4022":"陆运","DIDI":"滴滴(已退市)","BK4561":"索罗斯持仓","BK4505":"高瓴资本持仓","BK4531":"中概回港概念","BK4535":"淡马锡持仓"},"source_url":"https://www.streetinsider.com/dr/news.php?id=20196516","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2242333773","content_text":"About one year ago DiDi Global's (NYSE: DIDI) New York IPO was met with much enthusiasm and fanfare, but now the Chinese ride-sharing company is seeing its American dreams fade away. Friday is expected to be DiDi's last day trading on the NYSE, according to reports from Nikkei Asia.The delisting news is not new news. DiDi announced on May 23, 2022, that shareholders overwhelming approved the resolution to delist the ADSs from the NYSE. However, the timing is. The company has not notified shareholders of the exact date of the delisting, although two people familiar with the matter told Nikkei Asia it would be Friday.The NYSE, for its part, is not talking. When asked if DiDi shares would delist on Friday an NYSE spokesperson said \"we do not have a comment on the matter.\"DiDi has had nothing short of a disastrous run as a public company.After pricing its IPO at $14, shares opened up at $16.65 on June 30, 2021. Shares hit the all-time high of $18.01 that same day but it has been all downhill since. Friday, DiDi closed at just $2.36.Recently when on June 6th reports surfaced that China was set to remove the ban on new users and allow its mobile apps to return to domestic app stores.It is unclear if DiDi Global's shares will continue to trade on the OTC after the NYSE delisting.","news_type":1},"isVote":1,"tweetType":1,"viewCount":280,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":142621945,"gmtCreate":1626147394287,"gmtModify":1703754299528,"author":{"id":"4088552817219730","authorId":"4088552817219730","name":"malamei","avatar":"https://static.tigerbbs.com/be790af0ba1b3b92ad214925a49b6827","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088552817219730","authorIdStr":"4088552817219730"},"themes":[],"htmlText":"Like and comment, thx","listText":"Like and comment, thx","text":"Like and comment, thx","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/142621945","repostId":"1148324275","repostType":4,"repost":{"id":"1148324275","pubTimestamp":1626133603,"share":"https://ttm.financial/m/news/1148324275?lang=&edition=fundamental","pubTime":"2021-07-13 07:46","market":"us","language":"en","title":"Why Virgin Galactic stock is down sharply after successful spaceflight","url":"https://stock-news.laohu8.com/highlight/detail?id=1148324275","media":"seekingalpha","summary":"Virgin Galactic is down 17.3% to cut into the gain it built up ahead of last weekend's spaceflight.\n","content":"<p>Virgin Galactic&nbsp;is&nbsp;down 17.3%&nbsp;to cut into the gain it built up ahead of last weekend's spaceflight.</p>\n<p><img src=\"https://static.tigerbbs.com/68d5c0024c68a14c3a4e1c8f19e0af5a\" tg-width=\"1047\" tg-height=\"553\"></p>\n<p>Canaccord Genuity analysts Ken Herbert and Austin Moeller reason that investors may have been expecting a stronger post-launch announcement on the timetable for space tourism.</p>\n<p>\"While Branson promised a major announcement about bringing more people to space following his flight, there was ultimately no news about reopening ticket sales,\" they note.</p>\n<p>Branson did accompany his return to Earth with an extensive press conference and marketing blitz featuring a musical performance by R&amp;B star Khalid, but the Canaccord analysts say the teased 'major announcement' disappointed after Branson only revealed that Virgin Galactic had partnered with Omaze.com to provide a sweepstake for someone to win two seats onboard a future SpaceShipTwo or SpaceShipThree mission.</p>\n<p>Canaccord still sees enough light at the end of the launchpad to keep a Buy rating on Virgin Galactic.</p>\n<p>\"If demand remains high even at a likely higher revised ticket quote (e.g., $500k), this will be a very positive indicator for Virgin's business model. While the full power of the Virgin brand was on display, and Sir Richard’s knack for showmanship is clearly a powerful asset for the company, the challenge now will be for the company to maintain the momentum and establish a flight plan in 2022 that can demonstrate a repeatable and increasing commercial launch cadence.\"</p>\n<p>A $500M stock offering from Virgin Galactic isalso a major factor in today's selling pressure on SPCE.</p>","source":"seekingalpha","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 Virgin Galactic stock is down sharply after successful spaceflight</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 Virgin Galactic stock is down sharply after successful spaceflight\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-13 07:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3714393-why-virgin-galactic-stock-is-down-sharply-after-successful-spaceflight><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Virgin Galactic is down 17.3% to cut into the gain it built up ahead of last weekend's spaceflight.\n\nCanaccord Genuity analysts Ken Herbert and Austin Moeller reason that investors may have been ...</p>\n\n<a href=\"https://seekingalpha.com/news/3714393-why-virgin-galactic-stock-is-down-sharply-after-successful-spaceflight\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPCE":"维珍银河"},"source_url":"https://seekingalpha.com/news/3714393-why-virgin-galactic-stock-is-down-sharply-after-successful-spaceflight","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1148324275","content_text":"Virgin Galactic is down 17.3% to cut into the gain it built up ahead of last weekend's spaceflight.\n\nCanaccord Genuity analysts Ken Herbert and Austin Moeller reason that investors may have been expecting a stronger post-launch announcement on the timetable for space tourism.\n\"While Branson promised a major announcement about bringing more people to space following his flight, there was ultimately no news about reopening ticket sales,\" they note.\nBranson did accompany his return to Earth with an extensive press conference and marketing blitz featuring a musical performance by R&B star Khalid, but the Canaccord analysts say the teased 'major announcement' disappointed after Branson only revealed that Virgin Galactic had partnered with Omaze.com to provide a sweepstake for someone to win two seats onboard a future SpaceShipTwo or SpaceShipThree mission.\nCanaccord still sees enough light at the end of the launchpad to keep a Buy rating on Virgin Galactic.\n\"If demand remains high even at a likely higher revised ticket quote (e.g., $500k), this will be a very positive indicator for Virgin's business model. While the full power of the Virgin brand was on display, and Sir Richard’s knack for showmanship is clearly a powerful asset for the company, the challenge now will be for the company to maintain the momentum and establish a flight plan in 2022 that can demonstrate a repeatable and increasing commercial launch cadence.\"\nA $500M stock offering from Virgin Galactic isalso a major factor in today's selling pressure on SPCE.","news_type":1},"isVote":1,"tweetType":1,"viewCount":225,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3578969648963961","authorId":"3578969648963961","name":"Boo2bear","avatar":"https://static.tigerbbs.com/209ae746c8124fe2d5f79aee784d2fcc","crmLevel":4,"crmLevelSwitch":0,"idStr":"3578969648963961","authorIdStr":"3578969648963961"},"content":"Done. Pls like. Tq","text":"Done. Pls like. Tq","html":"Done. Pls like. Tq"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":146124130,"gmtCreate":1626060785920,"gmtModify":1703752578181,"author":{"id":"4088552817219730","authorId":"4088552817219730","name":"malamei","avatar":"https://static.tigerbbs.com/be790af0ba1b3b92ad214925a49b6827","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088552817219730","authorIdStr":"4088552817219730"},"themes":[],"htmlText":"Comment","listText":"Comment","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/146124130","repostId":"1143980547","repostType":4,"repost":{"id":"1143980547","pubTimestamp":1626060038,"share":"https://ttm.financial/m/news/1143980547?lang=&edition=fundamental","pubTime":"2021-07-12 11:20","market":"us","language":"en","title":"Virgin Galactic And Irrational Exuberance","url":"https://stock-news.laohu8.com/highlight/detail?id=1143980547","media":"seekingalpha","summary":"Summary\n\nWe tried to determine what the financial performance of the company should be in order for ","content":"<p><b>Summary</b></p>\n<ul>\n <li>We tried to determine what the financial performance of the company should be in order for the current price to look fair.</li>\n <li>For the price to be fair, FCFF in 2022 should be $35 million and grow at CAGR of 350%. Revenue should be $110 billion by 2027.</li>\n <li>The current and expected market capacity does not allow the company to demonstrate such financial performance.</li>\n <li>In our opinion, the current price of Virgin Galactic can only be explained by irrational exuberance.</li>\n <li>The market can remain irrational longer than you can remain solvent, so we do not short, we only watch the company from the sideline.</li>\n</ul>\n<blockquote>\n The Markets Can Remain Irrational Longer Than You Can Remain Solvent. - John Maynard Keynes\n</blockquote>\n<p><b>Thesis</b></p>\n<p>Could a German fugitive who tried to cross the Jornada del Muerto in the dry season of 1670 imagine that a few hundred years later, next to his vulture-torn remains, an eccentric British billionaire would be paving the way into the world of space tourism? Hardly. Thanks to human genius and the free market, we are living in an amazing time. And do not underestimate the role of the latter.</p>\n<p>The financial industry is like a circulatory system for a market organism. Driven by human greed, it distributes resources from old established industries to the most promising sectors of the new economy. It was like this before, and so it is now. The reason why investors are ready to abandon investments in a profitable established company in favor of investments in a loss-making business in an unformed industry is quite understandable. We are ready to release the bird from our hands only if we expect that in the bush there will be not two birds, but 22. But our expectations must be justified. In our opinion, the current price of Virgin Galactic can only be explained by irrational exuberance.</p>\n<p><b>Valuation And Perspectives</b></p>\n<p>We usually evaluate a business based on the expected financial results that the company will be able to achieve in the future. With Virgin Galactic(NYSE:SPCE), we decided to go the opposite way. We tried to determine what the financial indicators of the company should be in order for the current price to look fair.</p>\n<p>The value of any asset is determined by the present value of its future cash flows. This is an axiom of finance that is often criticized by unsophisticated investors. Indeed, if your investment strategy is based on the hope that someone will definitely agree to pay more for an asset than you pay for it, then the value of the asset is not important. If your friend writes you a bill of exchange and there is a buyer who is always ready to pay for this bill above par, then solvency and interest are unlikely to worry you. However, if there is no such buyer, you will turn into a demanding lender who will carefully compare the interest on a bill of exchange with the value of money and include all possible risks in the interest rate. In other words, you will begin to discount the cash flow.</p>\n<p>The weighted average cost of capital for the SPCE is not difficult to determine. Today the company's assets are 56% financed by equity capital, and there is no debt burden. The company's balance sheet as at the last reporting date is presented below:</p>\n<p><img src=\"https://static.tigerbbs.com/a5fcadf6dbf15f58f33506c58d8ad7fa\" tg-width=\"640\" tg-height=\"459\"></p>\n<p>(Source:Company's IR)</p>\n<p>According to our calculation, the company's cost of capital is 9%. Given that Virgin has a low leverage, the weighted average cost of capital is also 9%.</p>\n<p><img src=\"https://static.tigerbbs.com/b9685bee425247505e9479e60a75ad72\" tg-width=\"640\" tg-height=\"242\" referrerpolicy=\"no-referrer\"></p>\n<p>(Source: Created by the author)</p>\n<p>Thus, if Virgin Galactic's current market cap is fair, the company's free cash flow from 2022 to 2027 should look like this:</p>\n<p><img src=\"https://static.tigerbbs.com/af1919420bc286424d2f62152e2e14ca\" tg-width=\"640\" tg-height=\"388\" referrerpolicy=\"no-referrer\"></p>\n<p>(Source: Created by the author)</p>\n<p>It is difficult to estimate the potential profitability of a business that does not yet exist. However, we can roughly define it. The company's cost of revenue includes costs related to rocket fuel consumption, salaries and benefits for pilots and ground crew, and maintenance. Virgin conducted its second test flight in February 2019. At the end of the first quarter of 2019, the company reflected in the reporting $1 million Cost of revenue, at the end of the first quarter of 2020, SPCE reflected $ 173 thousand in cost of revenue. According to the report, the change in cost of revenue is primarily due to the costs for flying payload in Q1 2019.</p>\n<p><img src=\"https://static.tigerbbs.com/befcd5a3926ada7aebead8314713d44c\" tg-width=\"640\" tg-height=\"227\" referrerpolicy=\"no-referrer\"></p>\n<p>(Source:Company's IR)</p>\n<p>Thus, we can determine that the estimated cost of launching one spaceship is $800 thousand dollars. With a ticket price of $200,000, the expected revenue per flight will be $1,200,000. As with the airline business, Virgin's key costs are cost of revenue. If the company can achieve an LFCF margin of 10% (slightly better than that of the most marginal US airlines), then the dynamics of revenue should take the following form:</p>\n<p><img src=\"https://static.tigerbbs.com/58c6ee07b1a3cbcce384d7e62e90632c\" tg-width=\"640\" tg-height=\"389\"></p>\n<p>(Source: Created by the author)</p>\n<p>In an interview withCNBC, CEO Michael Colglazier said he expects each spaceport to generate $1 billion for the company. Thus, to justify the current price, the company needs to build 110 spaceports and sell 275 thousand tickets for 400 thousand dollars each (in the same interview, the CEO said that each spaceport will have 400 flights a year, that is, with a revenue of $1 billion, the price 1 ticket must be equal to $400 thousand). As a reminder,according to UBS, space tourism will be a $3 billion market by 2030. Thus, the current capitalization of the company cannot be explained by any reasonable expectations.</p>\n<p><b>Conclusion</b></p>\n<p>Virgin Galactic could be good business one day. However, in our opinion the current capitalization cannot be explained by any reasonable expectations. For the current estimate to be justified, the company needs to sell $ 110 billion worth of tickets by 2027. Which is impossible given the current and expected market capacity. However, we do not short because the company is attracting a lot of attention. As John Maynard Keynes said, the market can remain irrational longer than you can remain solvent. We will watch the company from the sideline.</p>","source":"seekingalpha","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>Virgin Galactic And Irrational Exuberance</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\">\nVirgin Galactic And Irrational Exuberance\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-12 11:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4438687-virgin-galactic-and-irrational-exuberance><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nWe tried to determine what the financial performance of the company should be in order for the current price to look fair.\nFor the price to be fair, FCFF in 2022 should be $35 million and ...</p>\n\n<a href=\"https://seekingalpha.com/article/4438687-virgin-galactic-and-irrational-exuberance\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPCE":"维珍银河"},"source_url":"https://seekingalpha.com/article/4438687-virgin-galactic-and-irrational-exuberance","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1143980547","content_text":"Summary\n\nWe tried to determine what the financial performance of the company should be in order for the current price to look fair.\nFor the price to be fair, FCFF in 2022 should be $35 million and grow at CAGR of 350%. Revenue should be $110 billion by 2027.\nThe current and expected market capacity does not allow the company to demonstrate such financial performance.\nIn our opinion, the current price of Virgin Galactic can only be explained by irrational exuberance.\nThe market can remain irrational longer than you can remain solvent, so we do not short, we only watch the company from the sideline.\n\n\n The Markets Can Remain Irrational Longer Than You Can Remain Solvent. - John Maynard Keynes\n\nThesis\nCould a German fugitive who tried to cross the Jornada del Muerto in the dry season of 1670 imagine that a few hundred years later, next to his vulture-torn remains, an eccentric British billionaire would be paving the way into the world of space tourism? Hardly. Thanks to human genius and the free market, we are living in an amazing time. And do not underestimate the role of the latter.\nThe financial industry is like a circulatory system for a market organism. Driven by human greed, it distributes resources from old established industries to the most promising sectors of the new economy. It was like this before, and so it is now. The reason why investors are ready to abandon investments in a profitable established company in favor of investments in a loss-making business in an unformed industry is quite understandable. We are ready to release the bird from our hands only if we expect that in the bush there will be not two birds, but 22. But our expectations must be justified. In our opinion, the current price of Virgin Galactic can only be explained by irrational exuberance.\nValuation And Perspectives\nWe usually evaluate a business based on the expected financial results that the company will be able to achieve in the future. With Virgin Galactic(NYSE:SPCE), we decided to go the opposite way. We tried to determine what the financial indicators of the company should be in order for the current price to look fair.\nThe value of any asset is determined by the present value of its future cash flows. This is an axiom of finance that is often criticized by unsophisticated investors. Indeed, if your investment strategy is based on the hope that someone will definitely agree to pay more for an asset than you pay for it, then the value of the asset is not important. If your friend writes you a bill of exchange and there is a buyer who is always ready to pay for this bill above par, then solvency and interest are unlikely to worry you. However, if there is no such buyer, you will turn into a demanding lender who will carefully compare the interest on a bill of exchange with the value of money and include all possible risks in the interest rate. In other words, you will begin to discount the cash flow.\nThe weighted average cost of capital for the SPCE is not difficult to determine. Today the company's assets are 56% financed by equity capital, and there is no debt burden. The company's balance sheet as at the last reporting date is presented below:\n\n(Source:Company's IR)\nAccording to our calculation, the company's cost of capital is 9%. Given that Virgin has a low leverage, the weighted average cost of capital is also 9%.\n\n(Source: Created by the author)\nThus, if Virgin Galactic's current market cap is fair, the company's free cash flow from 2022 to 2027 should look like this:\n\n(Source: Created by the author)\nIt is difficult to estimate the potential profitability of a business that does not yet exist. However, we can roughly define it. The company's cost of revenue includes costs related to rocket fuel consumption, salaries and benefits for pilots and ground crew, and maintenance. Virgin conducted its second test flight in February 2019. At the end of the first quarter of 2019, the company reflected in the reporting $1 million Cost of revenue, at the end of the first quarter of 2020, SPCE reflected $ 173 thousand in cost of revenue. According to the report, the change in cost of revenue is primarily due to the costs for flying payload in Q1 2019.\n\n(Source:Company's IR)\nThus, we can determine that the estimated cost of launching one spaceship is $800 thousand dollars. With a ticket price of $200,000, the expected revenue per flight will be $1,200,000. As with the airline business, Virgin's key costs are cost of revenue. If the company can achieve an LFCF margin of 10% (slightly better than that of the most marginal US airlines), then the dynamics of revenue should take the following form:\n\n(Source: Created by the author)\nIn an interview withCNBC, CEO Michael Colglazier said he expects each spaceport to generate $1 billion for the company. Thus, to justify the current price, the company needs to build 110 spaceports and sell 275 thousand tickets for 400 thousand dollars each (in the same interview, the CEO said that each spaceport will have 400 flights a year, that is, with a revenue of $1 billion, the price 1 ticket must be equal to $400 thousand). As a reminder,according to UBS, space tourism will be a $3 billion market by 2030. Thus, the current capitalization of the company cannot be explained by any reasonable expectations.\nConclusion\nVirgin Galactic could be good business one day. However, in our opinion the current capitalization cannot be explained by any reasonable expectations. For the current estimate to be justified, the company needs to sell $ 110 billion worth of tickets by 2027. Which is impossible given the current and expected market capacity. However, we do not short because the company is attracting a lot of attention. As John Maynard Keynes said, the market can remain irrational longer than you can remain solvent. We will watch the company from the sideline.","news_type":1},"isVote":1,"tweetType":1,"viewCount":375,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":146162900,"gmtCreate":1626059889300,"gmtModify":1703752560075,"author":{"id":"4088552817219730","authorId":"4088552817219730","name":"malamei","avatar":"https://static.tigerbbs.com/be790af0ba1b3b92ad214925a49b6827","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088552817219730","authorIdStr":"4088552817219730"},"themes":[],"htmlText":"Like and comments pls tq","listText":"Like and comments pls tq","text":"Like and comments pls tq","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/146162900","repostId":"1114863871","repostType":4,"repost":{"id":"1114863871","pubTimestamp":1626039626,"share":"https://ttm.financial/m/news/1114863871?lang=&edition=fundamental","pubTime":"2021-07-12 05:40","market":"us","language":"en","title":"Chase, Delta, Goldman Sachs, PepsiCo, and Other Stocks to Watch This Week","url":"https://stock-news.laohu8.com/highlight/detail?id=1114863871","media":"Barron's","summary":"Second-quarter earnings season gets under way this week, with several big banks reporting. JPMorgan ChaseandGoldman SachsGroup kick things off on Tuesday, followed byBank of America,Wells Fargo,andCitigroupon Wednesday andMorgan Stanleyon Thursday.The week’s economic calendar will be equally busy. The Bureau of Labor Statistics releases the consumer price index for June on Tuesday, followed by the producer price index for June on Wednesday. Expectations are for year-over-year increases of 4.0% a","content":"<p>Second-quarter earnings season gets under way&nbsp;this week, with several big banks reporting.&nbsp;JPMorgan ChaseandGoldman SachsGroup kick things off on Tuesday, followed byBank of America,Wells Fargo,andCitigroupon Wednesday andMorgan Stanleyon Thursday.</p>\n<p>Other major companies reporting this week includePepsiCoandFastenalon Tuesday,Delta Air Lineson Wednesday,Taiwan Semiconductor ManufacturingandUnitedHealth Groupon Thursday, andKansas City Southernon Friday.</p>\n<p>The week’s economic calendar will be equally busy. The Bureau of Labor Statistics releases the consumer price index for June on Tuesday,&nbsp;followed by the producer price index for June on Wednesday. Expectations are for year-over-year increases of 4.0% and 6.4%, respectively, in the core CPI and core PPI.</p>\n<p>Investors and economists will also get a look at a pair of sentiment surveys this week:&nbsp;The National Federation of Independent Business’ Small Business Optimism Index for June on Tuesday and The University of Michigan’s Consumer Sentiment index for July on Friday. The&nbsp;Federal Reserve releases its latest beige book on Wednesday, the Census Bureau reports retail-sales data for June on Friday, and theBank of Japanannounces its latest monetary-policy decision on Friday.</p>\n<p><img src=\"https://static.tigerbbs.com/1508a89eaa3fb959feaaa832797a2c48\" tg-width=\"1176\" tg-height=\"360\"></p>\n<p><b>Monday 7/12</b></p>\n<p>FedExhosts a conference call to update the investment community on its business outlook.</p>\n<p><b>Tuesday 7/13</b></p>\n<p>JPMorgan Chase and Goldman Sachs Group kick off earnings season by reporting results before the market open. The two money-center banks recently lifted their dividends 11% and 60%, respectively.</p>\n<p>Conagra Brands,Fastenal,First Republic Bank,and PepsiCo report quarterly results.</p>\n<p>Dell Technologieshosts a conference call to discuss its ESG strategy.</p>\n<p><b>The Bureau of Labor</b>&nbsp;Statistics releases the consumer price index for June. Economists forecast a 4.9% year-over-year rise, after a 5% jump in May—the fastest rate of growth since August 2008. The core CPI, which excludes volatile food and energy prices, is expected to increase 4% compared with 3.8% previously.</p>\n<p><b>The National Federation</b>&nbsp;of Independent Business releases its Small Business Optimism Index for June. Consensus estimate is for a 99.5 reading, about even with the May figure.</p>\n<p><b>Wednesday 7/14</b></p>\n<p>Bank of America,BlackRock,Citigroup, Delta Air Lines,PNC Financial Services Group,and Wells Fargo release earnings.</p>\n<p><b>The Federal Reserve</b>&nbsp;releases the beige book for the fifth of eight times this year. The report gathers anecdotal evidence of current economic conditions in the 12 Federal Reserve districts.</p>\n<p><b>The BLS releases</b>&nbsp;the producer price index for June. Expectations are for both the PPI and core PPI to increase 0.5% month over month. This compares with gains of 0.8% and 0.7%, respectively, in May.</p>\n<p><b>Thursday 7/15</b></p>\n<p>Bank of New York Mellon,Cintas,Morgan Stanley, Taiwan Semiconductor Manufacturing,Truist Financial,U.S. Bancorp,and UnitedHealth Group hold conference calls to discuss quarterly results.</p>\n<p><b>Friday 7/16</b></p>\n<p>Charles Schwab,Ericsson,Kansas City Southern, andState Streetannounce earnings.</p>\n<p><b>The Bank of Japan</b>&nbsp;announces its monetary-policy decision. The central bank is widely expected to keep its key short-term interest rate unchanged at negative 0.1%. In June, the BOJ said it would launch a climate-change plan by the end of this year, and would release a preliminary plan at its July meeting. This could take the form of higher interest rates paid to banks for green-lending measures.</p>\n<p><b>The University of Michigan</b>&nbsp;releases its Consumer Sentiment index for July. Economists forecast an 86.5 reading, slightly higher than June’s 85.5. The index is still well below its levels from just prior to the pandemic.</p>\n<p><b>The Census Bureau</b>&nbsp;reports retail-sales data for June. Consensus estimate is for a 0.5% monthly decline in spending to $617 billion, after slumping 1.3% in May.</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>Chase, Delta, Goldman Sachs, PepsiCo, and Other Stocks to Watch This Week</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\">\nChase, Delta, Goldman Sachs, PepsiCo, and Other Stocks to Watch This Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-12 05:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/stocks-for-investors-to-watch-this-week-51625883421><strong>Barron's</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Second-quarter earnings season gets under way this week, with several big banks reporting. JPMorgan ChaseandGoldman SachsGroup kick things off on Tuesday, followed byBank of America,Wells Fargo,...</p>\n\n<a href=\"https://www.barrons.com/articles/stocks-for-investors-to-watch-this-week-51625883421\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"WFC":"富国银行","MS":"摩根士丹利","JPM":"摩根大通","BAC":"美国银行","C":"花旗","TSM":"台积电","GS":"高盛"},"source_url":"https://www.barrons.com/articles/stocks-for-investors-to-watch-this-week-51625883421","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114863871","content_text":"Second-quarter earnings season gets under way this week, with several big banks reporting. JPMorgan ChaseandGoldman SachsGroup kick things off on Tuesday, followed byBank of America,Wells Fargo,andCitigroupon Wednesday andMorgan Stanleyon Thursday.\nOther major companies reporting this week includePepsiCoandFastenalon Tuesday,Delta Air Lineson Wednesday,Taiwan Semiconductor ManufacturingandUnitedHealth Groupon Thursday, andKansas City Southernon Friday.\nThe week’s economic calendar will be equally busy. The Bureau of Labor Statistics releases the consumer price index for June on Tuesday, followed by the producer price index for June on Wednesday. Expectations are for year-over-year increases of 4.0% and 6.4%, respectively, in the core CPI and core PPI.\nInvestors and economists will also get a look at a pair of sentiment surveys this week: The National Federation of Independent Business’ Small Business Optimism Index for June on Tuesday and The University of Michigan’s Consumer Sentiment index for July on Friday. The Federal Reserve releases its latest beige book on Wednesday, the Census Bureau reports retail-sales data for June on Friday, and theBank of Japanannounces its latest monetary-policy decision on Friday.\n\nMonday 7/12\nFedExhosts a conference call to update the investment community on its business outlook.\nTuesday 7/13\nJPMorgan Chase and Goldman Sachs Group kick off earnings season by reporting results before the market open. The two money-center banks recently lifted their dividends 11% and 60%, respectively.\nConagra Brands,Fastenal,First Republic Bank,and PepsiCo report quarterly results.\nDell Technologieshosts a conference call to discuss its ESG strategy.\nThe Bureau of Labor Statistics releases the consumer price index for June. Economists forecast a 4.9% year-over-year rise, after a 5% jump in May—the fastest rate of growth since August 2008. The core CPI, which excludes volatile food and energy prices, is expected to increase 4% compared with 3.8% previously.\nThe National Federation of Independent Business releases its Small Business Optimism Index for June. Consensus estimate is for a 99.5 reading, about even with the May figure.\nWednesday 7/14\nBank of America,BlackRock,Citigroup, Delta Air Lines,PNC Financial Services Group,and Wells Fargo release earnings.\nThe Federal Reserve releases the beige book for the fifth of eight times this year. The report gathers anecdotal evidence of current economic conditions in the 12 Federal Reserve districts.\nThe BLS releases the producer price index for June. Expectations are for both the PPI and core PPI to increase 0.5% month over month. This compares with gains of 0.8% and 0.7%, respectively, in May.\nThursday 7/15\nBank of New York Mellon,Cintas,Morgan Stanley, Taiwan Semiconductor Manufacturing,Truist Financial,U.S. Bancorp,and UnitedHealth Group hold conference calls to discuss quarterly results.\nFriday 7/16\nCharles Schwab,Ericsson,Kansas City Southern, andState Streetannounce earnings.\nThe Bank of Japan announces its monetary-policy decision. The central bank is widely expected to keep its key short-term interest rate unchanged at negative 0.1%. In June, the BOJ said it would launch a climate-change plan by the end of this year, and would release a preliminary plan at its July meeting. This could take the form of higher interest rates paid to banks for green-lending measures.\nThe University of Michigan releases its Consumer Sentiment index for July. Economists forecast an 86.5 reading, slightly higher than June’s 85.5. The index is still well below its levels from just prior to the pandemic.\nThe Census Bureau reports retail-sales data for June. Consensus estimate is for a 0.5% monthly decline in spending to $617 billion, after slumping 1.3% in May.","news_type":1},"isVote":1,"tweetType":1,"viewCount":189,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"following","isTTM":true}