Shank88
2021-03-31
Both. Good growth ahead!
Apple Or Tesla Stock: Which Is The Best Buy-On-Dip Play?
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Good growth ahead!","highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/354294816","repostId":1116246503,"repostType":4,"repost":{"id":"1116246503","kind":"news","pubTimestamp":1617169766,"share":"https://www.laohu8.com/m/news/1116246503?lang=&edition=full","pubTime":"2021-03-31 13:49","market":"us","language":"en","title":"Apple Or Tesla Stock: Which Is The Best Buy-On-Dip Play?","url":"https://stock-news.laohu8.com/highlight/detail?id=1116246503","media":"The street","summary":"After a killer 2020, Apple and Tesla stocks have been underperforming this year. The Apple Maven loo","content":"<p>After a killer 2020, Apple and Tesla stocks have been underperforming this year. The Apple Maven looks at valuations and catalysts to assess which, if any, might be the best opportunity on the pullback.</p>\n<p>Two highflyers last year, Apple and Tesla stockshave been having a much tougher 2021compared to the S&P 500.</p>\n<p>Shares of the Cupertino company have been down 9% year-to-date and 15% from the late January all-time high. The stock of the electric vehicle maker has corrected even more: 12% in 2021 and a whopping 30% from the peak.</p>\n<p>Growth investors must be asking themselves if now is a good time to buy either Apple stock or Tesla stock on weakness. If so, which of them is the better buy?</p>\n<p>Without having the ability to look into a crystal ball and tell what will happen to these tech stocks in the future, the Apple Maven tries to answer the question from two angles: valuation and catalysts.</p>\n<p>Valuations: not a bargain</p>\n<p>Despite the noticeable pullback in both Apple and Tesla shares, neither can be considered a bargain.</p>\n<p>Apple stock currently trades at a current-year earnings ratio (also known as P/E) of about 28 times. This is about four turns below the peak 2021 valuation multiple, reached a mere two months ago.</p>\n<p>However, rarely in history has Apple traded at such rich multiples, even after the modest decline in the first quarter. To be clear, an argument can be made for why Apple now deserves a higher valuation multiple, including:</p>\n<ul>\n <li>More aggressive multi-year growth expectations in iPhone salesthrough the 5G supercycle;</li>\n <li>Heavier revenue mix of more stable, higher margin service segment;</li>\n <li>The rebirth of two product categories believed to be in secular decline: the Mac and iPad;</li>\n <li>Short terminterest rates near zero, which justifies more aggressive bets in risk assets.</li>\n</ul>\n<p>In the case of Tesla stock, valuations look even richer. The 2021 P/E has decreased quite a bit from a top of over 250 times, at the end of last year. Still, at nearly 150 times, few can reasonably claim Tesla’s to be a low current-year earnings multiple.</p>\n<p>Here is a fun fact: the electric car giant sells only about 500,000 vehicle per year, while GM sold 13 times this many in 2020. Yet, Tesla’s equity is valued at over half a trillion dollars, seven times more than GM’s market cap.</p>\n<p>The problem is that quantifying the investment opportunity in Tesla through the conventional methods makes little sense. To understand how Tesla’s value might be reasonable (and, who knows, even understated), one must look much farther into the future.</p>\n<p>This is exactly what Cathie Woods’ARK Investhas done. The firm thinks that TSLA can reach its price target of $3,000 within 5 years, for an upside opportunity of 400%. The catch, however, is that ARK has to look at 2025 projected earnings. Only then can the firm apply a much more reasonable EV/EBITDA (another common valuation metric) of 16 times, compared to today’s aggressive 64 times multiple, to justify its bullish call.</p>\n<p>Catalysts: plenty on both sides</p>\n<p>Valuation alone is not enough to determine which stock is a better buy-on-weakness play. In fact, catalysts are often the most important factor in moving stock prices in the short-to-medium terms.</p>\n<p>The Cupertino company’s stock price could benefit from several bullish developments in the foreseeable future:</p>\n<ul>\n <li>Ironically, one of Apple’s key catalysts might be entering Tesla’s turf.The announcement of the Apple Car, if it happens soon, could be a major stock price mover;</li>\n <li>Apple has barely tapped the augmented (AR) and virtual reality (VR) opportunities. Thelaunch of a mixed reality device in 2022could be good news for the wearables segment and the stock;</li>\n <li>Shouldthe 5G supercyle prove to be strong, fiscal 2021 financial results will start to reflect it through robust iPhone 12 sales;</li>\n</ul>\n<p>But when it comes to catalysts, Tesla probably shines brighter than Apple. Back to ARK’s investment thesis, even the firm’s more bearish case (let alone the bullish one) assumes that CEO Elon Musk’s company is staring at several key catalysts that could send the stock much higher:</p>\n<ul>\n <li>A highly anticipated, rapid increase in electric car market share (relative to combustion engine vehicles) leading to substantially higher EV revenues;</li>\n <li>The launch of a ride-hail service business – either human-driven or, much better, autonomous;</li>\n <li>The expansion of Tesla’s insurance business, possibly at better-than-industry margins, due to the detailed driving data that the company collects.</li>\n</ul>\n<p>The verdict</p>\n<p>It is hard to pin down the best buy-on-dip opportunity between Apple and Tesla stock, since the future is so uncertain. But in my view, Apple probably makes for a more conservative play due to more de-risked valuations and less aggressive growth profile. Tesla seems to be the higher risk, higher reward alternative for investors looking for a “higher octane” investment opportunity.</p>","source":"lsy1610613172068","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple Or Tesla Stock: Which Is The Best Buy-On-Dip Play?</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\">\nApple Or Tesla Stock: Which Is The Best Buy-On-Dip Play?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-31 13:49 GMT+8 <a href=https://www.thestreet.com/apple/news/apple-or-tesla-stock-which-is-the-best-buy-on-dip-play><strong>The street</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>After a killer 2020, Apple and Tesla stocks have been underperforming this year. The Apple Maven looks at valuations and catalysts to assess which, if any, might be the best opportunity on the ...</p>\n\n<a href=\"https://www.thestreet.com/apple/news/apple-or-tesla-stock-which-is-the-best-buy-on-dip-play\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","AAPL":"苹果"},"source_url":"https://www.thestreet.com/apple/news/apple-or-tesla-stock-which-is-the-best-buy-on-dip-play","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116246503","content_text":"After a killer 2020, Apple and Tesla stocks have been underperforming this year. The Apple Maven looks at valuations and catalysts to assess which, if any, might be the best opportunity on the pullback.\nTwo highflyers last year, Apple and Tesla stockshave been having a much tougher 2021compared to the S&P 500.\nShares of the Cupertino company have been down 9% year-to-date and 15% from the late January all-time high. The stock of the electric vehicle maker has corrected even more: 12% in 2021 and a whopping 30% from the peak.\nGrowth investors must be asking themselves if now is a good time to buy either Apple stock or Tesla stock on weakness. If so, which of them is the better buy?\nWithout having the ability to look into a crystal ball and tell what will happen to these tech stocks in the future, the Apple Maven tries to answer the question from two angles: valuation and catalysts.\nValuations: not a bargain\nDespite the noticeable pullback in both Apple and Tesla shares, neither can be considered a bargain.\nApple stock currently trades at a current-year earnings ratio (also known as P/E) of about 28 times. This is about four turns below the peak 2021 valuation multiple, reached a mere two months ago.\nHowever, rarely in history has Apple traded at such rich multiples, even after the modest decline in the first quarter. To be clear, an argument can be made for why Apple now deserves a higher valuation multiple, including:\n\nMore aggressive multi-year growth expectations in iPhone salesthrough the 5G supercycle;\nHeavier revenue mix of more stable, higher margin service segment;\nThe rebirth of two product categories believed to be in secular decline: the Mac and iPad;\nShort terminterest rates near zero, which justifies more aggressive bets in risk assets.\n\nIn the case of Tesla stock, valuations look even richer. The 2021 P/E has decreased quite a bit from a top of over 250 times, at the end of last year. Still, at nearly 150 times, few can reasonably claim Tesla’s to be a low current-year earnings multiple.\nHere is a fun fact: the electric car giant sells only about 500,000 vehicle per year, while GM sold 13 times this many in 2020. Yet, Tesla’s equity is valued at over half a trillion dollars, seven times more than GM’s market cap.\nThe problem is that quantifying the investment opportunity in Tesla through the conventional methods makes little sense. To understand how Tesla’s value might be reasonable (and, who knows, even understated), one must look much farther into the future.\nThis is exactly what Cathie Woods’ARK Investhas done. The firm thinks that TSLA can reach its price target of $3,000 within 5 years, for an upside opportunity of 400%. The catch, however, is that ARK has to look at 2025 projected earnings. Only then can the firm apply a much more reasonable EV/EBITDA (another common valuation metric) of 16 times, compared to today’s aggressive 64 times multiple, to justify its bullish call.\nCatalysts: plenty on both sides\nValuation alone is not enough to determine which stock is a better buy-on-weakness play. In fact, catalysts are often the most important factor in moving stock prices in the short-to-medium terms.\nThe Cupertino company’s stock price could benefit from several bullish developments in the foreseeable future:\n\nIronically, one of Apple’s key catalysts might be entering Tesla’s turf.The announcement of the Apple Car, if it happens soon, could be a major stock price mover;\nApple has barely tapped the augmented (AR) and virtual reality (VR) opportunities. Thelaunch of a mixed reality device in 2022could be good news for the wearables segment and the stock;\nShouldthe 5G supercyle prove to be strong, fiscal 2021 financial results will start to reflect it through robust iPhone 12 sales;\n\nBut when it comes to catalysts, Tesla probably shines brighter than Apple. Back to ARK’s investment thesis, even the firm’s more bearish case (let alone the bullish one) assumes that CEO Elon Musk’s company is staring at several key catalysts that could send the stock much higher:\n\nA highly anticipated, rapid increase in electric car market share (relative to combustion engine vehicles) leading to substantially higher EV revenues;\nThe launch of a ride-hail service business – either human-driven or, much better, autonomous;\nThe expansion of Tesla’s insurance business, possibly at better-than-industry margins, due to the detailed driving data that the company collects.\n\nThe verdict\nIt is hard to pin down the best buy-on-dip opportunity between Apple and Tesla stock, since the future is so uncertain. But in my view, Apple probably makes for a more conservative play due to more de-risked valuations and less aggressive growth profile. Tesla seems to be the higher risk, higher reward alternative for investors looking for a “higher octane” investment opportunity.","news_type":1},"isVote":1,"tweetType":1,"viewCount":25,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":21,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/354294816"}
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