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PeopleAction

PeopleAction

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2021-09-07

$HONGKONG LAND HOLDINGS LIMITED(H78.SI)$Wow!!!

2021-04-04

Have a great Easter Sunday!

2 Top Stocks You Can Buy and Hold for the Next Decade

2021-04-01

Go Swiss bank go

Credit Suisse shares rally while Archegos ripples spread

2021-03-30

Oh dear

CFDs - The Dirty Little Secret Behind The Collapse Of Archegos

2021-03-30

That is good news!

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2021-03-29

Gd morning and have a great week

Top 10 Undervalued Income Stocks For 2021 - Value Beats Growth

2021-03-24

Already bought but it has not shot up

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2021-03-23

谷歌

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2021-03-23

棒棒

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2021-03-21

Please like & comment. Have a great weekend!

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2021-03-20

Please like and comment. Have a great weekend

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2021-03-19

Turning to sell other more profitable...

What If the U.S. Treasury Stopped Selling 10-Year Notes?

2021-03-19

My jewelry!

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2021-03-18

Support

Sundial Growers rose more than 7%

2021-03-17

Demand but pay or not is another matter

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2021-03-17

Who is in?

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2021-03-15

Interesting! Please like and comment, thanks! Have a good day ahead!

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2021-03-12

Bull bull bull

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2021-03-11

Please comment and like my post! Good day to everyone!

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2021-03-11

$HONGKONG LAND HOLDINGS LIMITED(H78.SI)$😜

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With a 10-year time horizon, we don't have to take as much care to limit volatility or nitpickvaluation ratios. A decade from now, the winners will have ridden out economic cycles and grown enough to justify all but the most aggressive valuations today.</p><p>These two stocks have established businesses, exposure to major tech trends, and reputable products in growth categories. They're great building blocks for your investment portfolio.</p><p><b>NVIDIA</b></p><p><b>NVIDIA</b>(NASDAQ:NVDA)rose to prominence as a leader in the design and production of graphics processing units (GPU) for computers. The company's products have evolved to become important components in data centers, cryptocurrency mining hardware, autonomous vehicles, and robotics. This aligns NVDIA's fortunes directly with some of thedisruptive technology trendsthat are expected to define the next decade. As blockchain, AI, security, remote connectivity, and video gaming become more prominent, demand for NVIDIA's industry-leading products will also grow.</p><p>The company is also in advanced discussions to acquire a licensed chip design company called Arm, which would expand NVIDIA's operations into a new growth avenue. That'd be especially true if moves from<b>Apple</b>and others to manufacture chips internally boost demand for chip design services.</p><p>The story has a fair share of risks. The semiconductor industry is notoriously cyclical, as demand and pricing can fluctuate drastically based on theproduct replacement cycle, rather than global macroeconomic conditions. Plus, a serious decline in highly volatile cryptocurrency prices could also see a steep drop in demand for the chips used in mining. NVIDIA trades at more than 38 timesforward earnings, nearly 19 timesprice to book, and has anenterprise-value-to-EBITDAratio above 55. If bad news creeps in, share prices could crater quickly.</p><p>Still, NVIDIA is growing rapidly, and its products have an excellent reputation. The company is deeply connected to all of the most exciting technology trends of the next decade, and there's an enormous opportunity ahead for shareholders. It's good to hold today, and it could be much larger in the future.</p><p><b>Microsoft</b></p><p><b>Microsoft</b>(NASDAQ:MSFT)is famous for its Windows operating system and the Office software suite, but it is also one of the major players incloud services. The company also owns the networking and employment social media platform LinkedIn, has a large video game business, and sells the popular Surface brand of touchscreen computers.</p><p>Microsoft has a rare combination of favorable characteristics. The company enjoys stability through enormous scale and product diversity, but it is also delivering exceptional growth -- that's not common. 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Microsoft will grow by merely maintaining share in the next decade, as cloud services are expected to expand nearly 20% annually.</p><p>At a forward P/E ratio of only 28.7, there's too much upside potential here relative to the risks associated with competition. Microsoft has the established business to make it a relatively safe stock, and it also provides growth potential to outpace the market.</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>2 Top Stocks You Can Buy and Hold for the Next Decade</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\">\n2 Top Stocks You Can Buy and Hold for the Next Decade\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-02 20:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/04/02/2-top-stocks-you-can-buy-and-hold-for-the-next-dec/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>These two tech stocks provide a combination of stability and growth that investors can confidently buy and hold for the long term.The hot stock of the day might sound too good to pass up, but your ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/04/02/2-top-stocks-you-can-buy-and-hold-for-the-next-dec/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软","NVDA":"英伟达"},"source_url":"https://www.fool.com/investing/2021/04/02/2-top-stocks-you-can-buy-and-hold-for-the-next-dec/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158992788","content_text":"These two tech stocks provide a combination of stability and growth that investors can confidently buy and hold for the long term.The hot stock of the day might sound too good to pass up, but your long-term investment portfolio should focus on stocks that should have strong fundamentals both today and a decade into the future. It's hard to see 10 years into the future, and the unexpected can always leap up to disrupt a sound narrative.However, there are steps we can take to identify companies with stellar growth opportunities and sustainable competitive advantages. Some mega-trends are relatively easy to predict, and the best companies enabling those trends are likely to outperform the market over the long term. With a 10-year time horizon, we don't have to take as much care to limit volatility or nitpickvaluation ratios. A decade from now, the winners will have ridden out economic cycles and grown enough to justify all but the most aggressive valuations today.These two stocks have established businesses, exposure to major tech trends, and reputable products in growth categories. They're great building blocks for your investment portfolio.NVIDIANVIDIA(NASDAQ:NVDA)rose to prominence as a leader in the design and production of graphics processing units (GPU) for computers. The company's products have evolved to become important components in data centers, cryptocurrency mining hardware, autonomous vehicles, and robotics. This aligns NVDIA's fortunes directly with some of thedisruptive technology trendsthat are expected to define the next decade. As blockchain, AI, security, remote connectivity, and video gaming become more prominent, demand for NVIDIA's industry-leading products will also grow.The company is also in advanced discussions to acquire a licensed chip design company called Arm, which would expand NVIDIA's operations into a new growth avenue. That'd be especially true if moves fromAppleand others to manufacture chips internally boost demand for chip design services.The story has a fair share of risks. The semiconductor industry is notoriously cyclical, as demand and pricing can fluctuate drastically based on theproduct replacement cycle, rather than global macroeconomic conditions. Plus, a serious decline in highly volatile cryptocurrency prices could also see a steep drop in demand for the chips used in mining. NVIDIA trades at more than 38 timesforward earnings, nearly 19 timesprice to book, and has anenterprise-value-to-EBITDAratio above 55. If bad news creeps in, share prices could crater quickly.Still, NVIDIA is growing rapidly, and its products have an excellent reputation. The company is deeply connected to all of the most exciting technology trends of the next decade, and there's an enormous opportunity ahead for shareholders. It's good to hold today, and it could be much larger in the future.MicrosoftMicrosoft(NASDAQ:MSFT)is famous for its Windows operating system and the Office software suite, but it is also one of the major players incloud services. The company also owns the networking and employment social media platform LinkedIn, has a large video game business, and sells the popular Surface brand of touchscreen computers.Microsoft has a rare combination of favorable characteristics. The company enjoys stability through enormous scale and product diversity, but it is also delivering exceptional growth -- that's not common. For the first six months of fiscal 2021, total sales increased nearly 15% over the prior year. The company's Azure server products and cloud services grew 50% year over year in the most recent quarter. That segment has expanded to exceed the revenue produced by Microsoft's flagship personal computing products. Almost every business is tech-enabled now, and the inevitable growth of software as a service (SaaS), cybersecurity, and remote collaboration is a catalyst for cloud service providers.Microsoft is in direct competition with fearsome heavy-hitters includingAmazon,Alphabet, and Apple. That's certainly a risk. That said, Azure is second only to AWS in the cloud market, with 20% share. Encouragingly, it has actually gained market share over the past year. Microsoft will grow by merely maintaining share in the next decade, as cloud services are expected to expand nearly 20% annually.At a forward P/E ratio of only 28.7, there's too much upside potential here relative to the risks associated with competition. Microsoft has the established business to make it a relatively safe stock, and it also provides growth potential to outpace the market.","news_type":1},"isVote":1,"tweetType":1,"viewCount":434,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":357454463,"gmtCreate":1617291574452,"gmtModify":1634521557206,"author":{"id":"3553751084635254","authorId":"3553751084635254","name":"PeopleAction","avatar":"https://static.tigerbbs.com/50b5756d6638c3b8fc7eb475adc1ab9c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3553751084635254","idStr":"3553751084635254"},"themes":[],"htmlText":"Go Swiss bank go","listText":"Go Swiss bank go","text":"Go Swiss bank go","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/357454463","repostId":"2124782276","repostType":4,"repost":{"id":"2124782276","kind":"news","pubTimestamp":1617288180,"share":"https://www.laohu8.com/m/news/2124782276?lang=&edition=full","pubTime":"2021-04-01 22:43","market":"us","language":"en","title":"Credit Suisse shares rally while Archegos ripples spread","url":"https://stock-news.laohu8.com/highlight/detail?id=2124782276","media":"StreetInsider","summary":"TOKYO/ZURICH (Reuters) - Credit Suisse shares edged higher on Thursday, ending a losing streak in wh","content":"<p><img src=\"https://static.tigerbbs.com/989524d02ab924cb0f0cc3ca67844a3f\" tg-width=\"200\" tg-height=\"128\" referrerpolicy=\"no-referrer\">TOKYO/ZURICH (Reuters) - Credit Suisse shares edged higher on Thursday, ending a losing streak in which they shed close to a fifth of their value, though the lender is yet disclose how much it lost in trades for stricken U.S. fund Archegos.</p>\n<p><img src=\"https://static.tigerbbs.com/90fdbb540ef4ed9bccfd94b4e07655ca\" tg-width=\"662\" tg-height=\"444\"></p>\n<p>Defaults on margin calls by Archegos Capital, a family office run by former Tiger Asia manager Bill Hwang, caused a clutch of banks to rapidly unwind billions of dollars of his leveraged trades.</p>\n<p>Credit Suisse and Japan's Nomura have borne the brunt of those losses, with the Swiss lender warning it could have a \"material impact\" on its profits, but details of who else was exposed to Hwang are still emerging.</p>\n<p>Japanese financial firm Mizuho Financial Group Inc may face a loss of 10 billion yen ($90 million) from deals with Archegos, the Nikkei newspaper reported on Thursday.</p>\n<p>\"We refrain from making comments on individual deals, but we don't currently see any issue that may affect our profit forecast,\" a spokeswoman for Mizuho said, adding the bank does not conduct prime brokerage services globally.</p>\n<p>Mizuho's U.S. subsidiary has lent to Archegos, the Nikkei reported.</p>\n<p>Mizuho rival Nomura has said it expects to book a $2 billion loss on Archegos.</p>\n<p>Credit Suisse is expected to detail in the coming days the scale of the losses it is facing as a result of its dealings with Archegos, according to a source familiar with the matter. <a href=\"https://laohu8.com/S/TWOA.U\">Two</a> sources close to the bank said they could be as high as $5 billion, a figure the bank has declined to comment on.</p>\n<p>Switzerland's second largest lender has lost almost a quarter of its value over the past month, hit first by worries over its exposure to collapsed UK supply chain firm Greensill and then Archegos. Supply chain funds run by the bank had invested $10 billion in securities issued by Greensill, and it is not clear how much of that they will get back.</p>\n<p>The bank said in a notice to investors on Wednesday that it expects to get the \"majority\" of that money to be recovered.</p>\n<p>Its shares were up 2.66% on Thursday though still down 18% for the week, while Nomura closed up 0.22% but is down 19% since Monday.</p>\n<p>Credit Suisse's CoCo, or contingent convertible dollar bond maturing Dec 2023 has fallen more than three cents in price since last Friday and is now trading at 107.7 points, the lowest since July, MarketAxess data shows.</p>\n<p>Average daily trading volumes in the bond spiked in March over $1.9 billion compared to February levels of $710 million.</p>\n<p>(Reporting by Takashi Umekawa in Tokyo, John O'Donnell, and Oliver Hirt in Zurich and Sujata Rao in London; Writing by Rachel Armstrong; Editing by Kirsten Donovan)</p>","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>Credit Suisse shares rally while Archegos ripples spread</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\">\nCredit Suisse shares rally while Archegos ripples spread\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-01 22:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18211370><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>TOKYO/ZURICH (Reuters) - Credit Suisse shares edged higher on Thursday, ending a losing streak in which they shed close to a fifth of their value, though the lender is yet disclose how much it lost in...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18211370\">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.streetinsider.com/dr/news.php?id=18211370","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2124782276","content_text":"TOKYO/ZURICH (Reuters) - Credit Suisse shares edged higher on Thursday, ending a losing streak in which they shed close to a fifth of their value, though the lender is yet disclose how much it lost in trades for stricken U.S. fund Archegos.\n\nDefaults on margin calls by Archegos Capital, a family office run by former Tiger Asia manager Bill Hwang, caused a clutch of banks to rapidly unwind billions of dollars of his leveraged trades.\nCredit Suisse and Japan's Nomura have borne the brunt of those losses, with the Swiss lender warning it could have a \"material impact\" on its profits, but details of who else was exposed to Hwang are still emerging.\nJapanese financial firm Mizuho Financial Group Inc may face a loss of 10 billion yen ($90 million) from deals with Archegos, the Nikkei newspaper reported on Thursday.\n\"We refrain from making comments on individual deals, but we don't currently see any issue that may affect our profit forecast,\" a spokeswoman for Mizuho said, adding the bank does not conduct prime brokerage services globally.\nMizuho's U.S. subsidiary has lent to Archegos, the Nikkei reported.\nMizuho rival Nomura has said it expects to book a $2 billion loss on Archegos.\nCredit Suisse is expected to detail in the coming days the scale of the losses it is facing as a result of its dealings with Archegos, according to a source familiar with the matter. Two sources close to the bank said they could be as high as $5 billion, a figure the bank has declined to comment on.\nSwitzerland's second largest lender has lost almost a quarter of its value over the past month, hit first by worries over its exposure to collapsed UK supply chain firm Greensill and then Archegos. Supply chain funds run by the bank had invested $10 billion in securities issued by Greensill, and it is not clear how much of that they will get back.\nThe bank said in a notice to investors on Wednesday that it expects to get the \"majority\" of that money to be recovered.\nIts shares were up 2.66% on Thursday though still down 18% for the week, while Nomura closed up 0.22% but is down 19% since Monday.\nCredit Suisse's CoCo, or contingent convertible dollar bond maturing Dec 2023 has fallen more than three cents in price since last Friday and is now trading at 107.7 points, the lowest since July, MarketAxess data shows.\nAverage daily trading volumes in the bond spiked in March over $1.9 billion compared to February levels of $710 million.\n(Reporting by Takashi Umekawa in Tokyo, John O'Donnell, and Oliver Hirt in Zurich and Sujata Rao in London; Writing by Rachel Armstrong; Editing by Kirsten Donovan)","news_type":1},"isVote":1,"tweetType":1,"viewCount":446,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":355823827,"gmtCreate":1617061920769,"gmtModify":1634522903381,"author":{"id":"3553751084635254","authorId":"3553751084635254","name":"PeopleAction","avatar":"https://static.tigerbbs.com/50b5756d6638c3b8fc7eb475adc1ab9c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3553751084635254","idStr":"3553751084635254"},"themes":[],"htmlText":"Oh dear&nbsp;","listText":"Oh dear&nbsp;","text":"Oh dear","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/355823827","repostId":"1193371328","repostType":4,"repost":{"id":"1193371328","kind":"news","pubTimestamp":1617024119,"share":"https://www.laohu8.com/m/news/1193371328?lang=&edition=full","pubTime":"2021-03-29 21:21","market":"us","language":"en","title":"CFDs - The Dirty Little Secret Behind The Collapse Of Archegos","url":"https://stock-news.laohu8.com/highlight/detail?id=1193371328","media":"zerohedge","summary":"Stop us if you've heard this one before -Wall Street prime brokers allowed hedge funds to dance whil","content":"<p>Stop us if you've heard this one before -<i>Wall Street prime brokers allowed hedge funds to dance while the music was playing with ever greater leverage in off-exchange and unregulated derivatives... until the first sign of trouble and the whole house of cards comes crashing down in a potentially systemic manner</i>.</p>\n<p>The bloodbath in various media stocks on Friday has brought light back to one of the dark corners of the equity trading business -<b>so-called contracts-for-differences (CFDs).</b></p>\n<p>As Bloomberg reports, much of the leverage used by Hwang’s&nbsp;Archegos Capital was provided by banks including&nbsp;Nomura and&nbsp;Credit Suisse -who have most recently admitted huge losses- as<b>CFDs, which are made off exchanges, allow managers like Hwang to amass stakes in publicly traded companies without having to declare their holdings</b>(far in excess of the 5% stakes that require regulatory reporting).</p>\n<p>Crucially,as Bloomberg notes,this means<b>Archegos may never actually have owned most of the underlying securities - if any at all</b>- as the CFD is akin to a privately-arranged (i.e. off exchange and bespoke) futures contract where the differences in the settlement between the open and closing trade prices are cash-settled (there is no delivery of physical goods or securities with CFDs).</p>\n<p>What makes the situation worse is that<b>Archegos reportedly took positions in these CFDs with various prime brokers</b>- and because these positions are by their nature not centrally cleared or aggregated, this left prime broker X unaware of their client's exposures with prime broker Y... which in this case was huge.</p>\n<p>The leverage Hwang was given made him look like a trading genius as the various positions he took were pumped and pumped (and helped by gamma-squeezers) but now look like a reckless gambling fool as the bets collapsed.</p>\n<p>CFDs linked to stocks (with a gross market value of around $282 billion at end June 2020) are among bespoke derivatives that investors trade privately between themselves, or over-the-counter, instead of through public exchanges.<b>This is exactly the kind of hidden risk that amplified the losses during the 2008 financial crisis.</b></p>\n<p><img src=\"https://static.tigerbbs.com/ffab65c57ee35df93f6a6087e1136e5b\" tg-width=\"500\" tg-height=\"321\">AsBloombergnotes,<b>regulators have begun clamping down on CFDs in recent years because they’re concerned the derivatives are too complex and too risky for retail investors,</b>with the European Securities and Markets Authority in 2018&nbsp;restricting&nbsp;the distribution to individuals and capping leverage. In the U.S., CFDs are largely banned for amateur traders... but not for hedge fund managers who are \"sophisticated\"?</p>\n<p>But,<b>banks still favor them because they can make a large profit without needing to set aside as much capital versus trading actual securities</b>(driven to this opaque market as an unintended consequence of heavy regulation following the 2008 financial crisis).</p>\n<p>In the case of Archegos, there is very little transparency about Hwang’s trades, but market participants suggest his assets had grown to anywhere from $5 billion to $10 billion in recent years with<b>total exposure topping $50 billion</b>. And bear in mind,<b>this is not 'leverage' in the old-fashioned sense</b>(i.e. banks allow you buy X-times the amount of stocks relative to your capital); this is<b>purely synthetic</b>- the firm has no actual underlying asset to fall back on, but is linearly exposed to losses (and gains) on a margined basis.</p>\n<p>And as we noted at the beginning,<b>this has the potential to be much more systemic</b>as the losses created by Archegos' margin calls trigger more margin calls and more potential losses for the prime brokers. Think we are exaggerating, then explain why the costs of counterparty risk hedging for Credit Suisse for example, has exploded in the last few days...</p>\n<p><img src=\"https://static.tigerbbs.com/28842de72b88aa4010edfcfa798fa5af\" tg-width=\"500\" tg-height=\"273\"><i>Source: Bloomberg</i></p>\n<p>Mohammed El-Erian told CNBC this morning that<i><b>\"It seems to be a one-off ... for now, it looks contained. And that's a good thing.\" But added \"what we don't want is a pile-up.\"</b></i></p>\n<p>We look forward to the Congressional hearings on this.</p>\n<p></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>CFDs - The Dirty Little Secret Behind The Collapse Of Archegos</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCFDs - The Dirty Little Secret Behind The Collapse Of Archegos\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-29 21:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/cfds-dirty-little-secret-behind-collapse-archegos?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stop us if you've heard this one before -Wall Street prime brokers allowed hedge funds to dance while the music was playing with ever greater leverage in off-exchange and unregulated derivatives... ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/cfds-dirty-little-secret-behind-collapse-archegos?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">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.zerohedge.com/markets/cfds-dirty-little-secret-behind-collapse-archegos?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193371328","content_text":"Stop us if you've heard this one before -Wall Street prime brokers allowed hedge funds to dance while the music was playing with ever greater leverage in off-exchange and unregulated derivatives... until the first sign of trouble and the whole house of cards comes crashing down in a potentially systemic manner.\nThe bloodbath in various media stocks on Friday has brought light back to one of the dark corners of the equity trading business -so-called contracts-for-differences (CFDs).\nAs Bloomberg reports, much of the leverage used by Hwang’s Archegos Capital was provided by banks including Nomura and Credit Suisse -who have most recently admitted huge losses- asCFDs, which are made off exchanges, allow managers like Hwang to amass stakes in publicly traded companies without having to declare their holdings(far in excess of the 5% stakes that require regulatory reporting).\nCrucially,as Bloomberg notes,this meansArchegos may never actually have owned most of the underlying securities - if any at all- as the CFD is akin to a privately-arranged (i.e. off exchange and bespoke) futures contract where the differences in the settlement between the open and closing trade prices are cash-settled (there is no delivery of physical goods or securities with CFDs).\nWhat makes the situation worse is thatArchegos reportedly took positions in these CFDs with various prime brokers- and because these positions are by their nature not centrally cleared or aggregated, this left prime broker X unaware of their client's exposures with prime broker Y... which in this case was huge.\nThe leverage Hwang was given made him look like a trading genius as the various positions he took were pumped and pumped (and helped by gamma-squeezers) but now look like a reckless gambling fool as the bets collapsed.\nCFDs linked to stocks (with a gross market value of around $282 billion at end June 2020) are among bespoke derivatives that investors trade privately between themselves, or over-the-counter, instead of through public exchanges.This is exactly the kind of hidden risk that amplified the losses during the 2008 financial crisis.\nAsBloombergnotes,regulators have begun clamping down on CFDs in recent years because they’re concerned the derivatives are too complex and too risky for retail investors,with the European Securities and Markets Authority in 2018 restricting the distribution to individuals and capping leverage. In the U.S., CFDs are largely banned for amateur traders... but not for hedge fund managers who are \"sophisticated\"?\nBut,banks still favor them because they can make a large profit without needing to set aside as much capital versus trading actual securities(driven to this opaque market as an unintended consequence of heavy regulation following the 2008 financial crisis).\nIn the case of Archegos, there is very little transparency about Hwang’s trades, but market participants suggest his assets had grown to anywhere from $5 billion to $10 billion in recent years withtotal exposure topping $50 billion. And bear in mind,this is not 'leverage' in the old-fashioned sense(i.e. banks allow you buy X-times the amount of stocks relative to your capital); this ispurely synthetic- the firm has no actual underlying asset to fall back on, but is linearly exposed to losses (and gains) on a margined basis.\nAnd as we noted at the beginning,this has the potential to be much more systemicas the losses created by Archegos' margin calls trigger more margin calls and more potential losses for the prime brokers. Think we are exaggerating, then explain why the costs of counterparty risk hedging for Credit Suisse for example, has exploded in the last few days...\nSource: Bloomberg\nMohammed El-Erian told CNBC this morning that\"It seems to be a one-off ... for now, it looks contained. And that's a good thing.\" But added \"what we don't want is a pile-up.\"\nWe look forward to the Congressional hearings on this.","news_type":1},"isVote":1,"tweetType":1,"viewCount":535,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":355829663,"gmtCreate":1617061884452,"gmtModify":1634522903992,"author":{"id":"3553751084635254","authorId":"3553751084635254","name":"PeopleAction","avatar":"https://static.tigerbbs.com/50b5756d6638c3b8fc7eb475adc1ab9c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3553751084635254","idStr":"3553751084635254"},"themes":[],"htmlText":"That is good news!","listText":"That is good news!","text":"That is good news!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/355829663","repostId":"1155390932","repostType":4,"isVote":1,"tweetType":1,"viewCount":237,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":352299044,"gmtCreate":1616976183688,"gmtModify":1634523390238,"author":{"id":"3553751084635254","authorId":"3553751084635254","name":"PeopleAction","avatar":"https://static.tigerbbs.com/50b5756d6638c3b8fc7eb475adc1ab9c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3553751084635254","idStr":"3553751084635254"},"themes":[],"htmlText":"Gd morning and have a great week","listText":"Gd morning and have a great week","text":"Gd morning and have a great week","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/352299044","repostId":"1114428323","repostType":4,"repost":{"id":"1114428323","kind":"news","pubTimestamp":1616771427,"share":"https://www.laohu8.com/m/news/1114428323?lang=&edition=full","pubTime":"2021-03-26 23:10","market":"us","language":"en","title":"Top 10 Undervalued Income Stocks For 2021 - Value Beats Growth","url":"https://stock-news.laohu8.com/highlight/detail?id=1114428323","media":"seekingalpha","summary":"At the end of 2020, we showcased a list of 10 undervalued income stocks for 2021. Looking back, we see that the performance, on average, has been great so far.In this report, we examine the reasons for that and will look at whether all 10 are still strong buys today.In some cases, the opportunity is even better now, in others, it may be time to lock in some gains.In the above chart, we see a very clear trend that emerged towards the end of February. The growth-heavy Nasdaq index  started to decl","content":"<p><b>Summary</b></p>\n<ul>\n <li>At the end of 2020, we showcased a list of 10 undervalued income stocks for 2021. Looking back, we see that the performance, on average, has been great so far.</li>\n <li>In this report, we examine the reasons for that and will look at whether all 10 are still strong buys today.</li>\n <li>In some cases, the opportunity is even better now, in others, it may be time to lock in some gains.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b2d4b3c6dfc0c9c3580bdfc40f4151fb\" tg-width=\"1536\" tg-height=\"1025\"><span>Photo by VeranikaSmirnaya/iStock via Getty Images</span></p>\n<p>We wrote an article at the end of December in which we showcased 10 attractive income stocks that traded at inexpensive valuations back then. This resulted in a combination of upside potential and above-average income for investors that bought these stocks at the time. In this article, we will look again at the same ten stocks to see what has changed and whether they are all still attractive at current valuations.</p>\n<p><b>Top 10 Value Picks For Dividend Investors</b></p>\n<p>Our choices in&nbsp;our original article&nbsp;included the following 10 stocks:</p>\n<p>- Bristol-Myers Squibb (BMY) and AbbVie (ABBV) in healthcare</p>\n<p>- MPLX (MPLX) and Enterprise Products (EPD) in energy</p>\n<p>- Prudential (PRU) and Citigroup (C) in financials</p>\n<p>- Simon Property Group (SPG) and W. P. Carey (WPC) in real estate</p>\n<p>- AT&amp;T (T) in telecommunication</p>\n<p>- Intel (INTC) in tech</p>\n<p>Looking back one quarter later, we see that shares have performed like this:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/efdd2ae3235c94c5e041ed4f3925d561\" tg-width=\"635\" tg-height=\"555\"><span>Data by YCharts</span></p>\n<p>Year-to-date, they delivered an average return of 12% and a median return of 15%. Contrast this with the year-to-date return of 3% that was delivered by the S&amp;P 500 index (SPY), and we see that our picks clearly outperformed the broad market, delivering 4-5 times the performance enjoyed by those that put their money into the index.</p>\n<p><b>2020 Versus 2021: Growth Versus Value</b></p>\n<p>This was, I believe, partially the result of investing in high-yielding stocks that traded at very inexpensive valuations and were thus undervalued, but the portfolio also benefited from an overall shift in the market's focus.</p>\n<p>2020 was the year of growth stocks, which saw many \"growthy\" tech names generate very attractive gains. The same could be said about EV stocks, renewable stocks, etc., which all flourished last year thanks to an appetite for growth stocks and unprecedented monetary stimulus. In 2021, that has changed to some degree:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5a81cfc9a5d54fce53409f7ea5cd0975\" tg-width=\"635\" tg-height=\"470\"><span>Data by YCharts</span></p>\n<p>In the above chart, we see a very clear trend that emerged towards the end of February. The growth-heavy Nasdaq index (NASDAQ:QQQ) started to decline, underperforming the S&amp;P 500 index this year, whereas the less techy, less growth-focused Dow Jones index (NYSEARCA:DIA) has beaten the S&amp;P 500 so far in 2021. Looking at two ETFs that focus on either Value (VTV) or Growth(NYSEARCA:VUG), we see that the value theme clearly has been the winner so far this year, beating all three indexes, whereas the growth-themed ETF is down this year. The good news is that our basket of stocks still easily outperformed the Value ETF, which shows that we seem to have at least some skill when it comes to picking individual stocks (or maybe we got lucky).</p>\n<p><b>Are Those 10 Still Great Buys Today?</b></p>\n<p>Since some of these stocks have moved so much already in the first three months, they may not all be an opportune buy any longer, which is why we will take a quick look at all ten individually.</p>\n<p><b>1. AbbVie</b></p>\n<p>AbbVie was one of our two healthcare picks in the original article. The company combines many positives, including an above-average yield, a low valuation, and steady growth even during the pandemic. AbbVie's most recent quarterly results showcase its outstanding resilience during the current crisis: The company managed to grow its revenues across its portfolio, with Humira, Imbruvica, and its new drugs Skyrizi and Rinvoq&nbsp;showing&nbsp;a strong performance.</p>\n<p>Even better, the company guided earnings above consensus, forecasting earnings per share of $12.40 for the current year. Relative to its share price of $103, this means that shares got even cheaper since our December article, they are now trading for just 8.3 times forward earnings. In short, there is nothing not to like, and I believe that 5.1%-yielding AbbVie is a&nbsp;strong buy.</p>\n<p><b>2. Bristol-Myers Squibb</b></p>\n<p>Bristol-Myers is the other healthcare pick in our original list. Like AbbVie, its shares were very inexpensive in December, and like AbbVie, it has continued to deliver strong operational results. Its most recent quarterly update included a 39% revenue growth rate compared to the previous year's quarter. This was impacted by one-time items from the Celgene takeover, but even adjusted for that, revenue growth came in at a strong 10% year over year.</p>\n<p>Like AbbVie, Bristol-Myers has also increased its earnings per share guidance for 2021, now forecasting profits of ~$7.30&nbsp;per share. Since shares are essentially flat since the beginning of the year, investors get an even better deal right now in terms of Bristol-Myers' valuation, which stands at 8.3 times net profits right now. Bristol-Myers is also one of the stocks Berkshire Hathaway (BRK.A)(BRK.B)&nbsp;has continued to add to&nbsp;in the most recent quarter, which indicates that this is indeed a strong pick for value investors.</p>\n<p><b>3. MPLX</b></p>\n<p>MPLX is a natural gas midstream player that offered a great income yield in December, at almost 13%. On top of that, shares were very inexpensive, trading at a distributable cash flow yield of almost 19%.</p>\n<p>Like many other energy-related names, MPLX has performed very well in Q1, delivering a performance of almost 20% in three months. Nevertheless, shares are not at all expensive, trading at a single-digit<i>earnings</i>multiple - even though earnings are generally a lot lower than cash flows for pipeline companies due to non-cash depreciation charges. Management believes that the company will have ample surplus cash this year, even after making its hefty dividend payments.</p>\n<p>Its CEO stated that shares are undervalued and that the company will likely do&nbsp;buybacks&nbsp;this year, which is a major positive. This will not only be highly accretive thanks to the low valuation shares are trading at, but should also further support the price. Shares are a less outstanding buy compared to December (or&nbsp;earlier in 2020), but they still look very compelling, we believe. They also still offer a very attractive dividend yield of 11% at today's price.</p>\n<p><b>4. Enterprise Products</b></p>\n<p>Like MPLX, Enterprise Products has performed well so far this year, on the back of enthusiasm for energy-related names. Its profits and cash flows are not really tied to the price of oil, but the market still bid up shares in recent months. The same had been true in 2020 when shares were sold off in tandem with other energy names, even though Enterprise Products' cash flows were not really impacted by lower oil prices.</p>\n<p>Shares are up by double-digits so far this year, but Enterprise Products' shares are not at all expensive. Considering that shares are trading at just around 7 times this year's distributable cash flows, while shares offer a dividend yield of 8.1%, makes us believe that this is still a strong pick for income investors. The fact that management has been buying back shares is another tailwind that could gain relevance as growth spending slows down, which should free up more money for buybacks going forward. We thus&nbsp;still like Enterprise Products&nbsp;as a high-quality midstream company at current prices.</p>\n<p><b>5. Prudential Financial</b></p>\n<p>This insurer has had a very solid 2020 and seeks to generate even stronger profits this year. Shares are up by double-digits so far this year but do not look expensive. With current forecasts seeing the company earn about $11.50 per share this year, and even more next year, shares trade at a ~8 times forward earnings multiple right now. The company continues to reward shareholders handsomely, as Prudential has raised its dividend by 5% in February.</p>\n<p>At current prices, the stock yields 5.1%, which is quite attractive in a low-yield world. Management plans to return a total of $10 billion to the company's owners through 2023, which equates to shareholder returns in the 10% range. Investors can thus count on more dividend increases down the road, coupled with some buybacks that will be quite accretive as long as shares continue to trade at an inexpensive valuation. Shares were a better buy in December, but they still look solid today.</p>\n<p><b>6. Citigroup</b></p>\n<p>Citigroup was the only bank on our list, and I mainly chose it over peers due to its below-average valuation and above-average dividend yield. 2021 has been great for bank stocks so far, due to an overall shift to value stocks, combined with rising interest spreads that are beneficial for banks' earnings.</p>\n<p>Shares rose by double-digits so far this year, hitting a high of $76 about two weeks ago. At that price, shares were trading above tangible book value, which stands at $73.80 right now, which is why I sold part of my position in the mid-$70s. Nevertheless, I did not sell my entire stake, as I feel that shares could rise above that level at some point in 2021, even though they have pulled back a little for now.</p>\n<p>The fact that banks are allowed to return more capital to their owners this year could become a catalyst for share price gains in 2021, as Citigroup will likely seek to increase its dividend and ramp up share repurchases. Trading marginally below tangible book value and at around 10 times this year's earnings, Citigroup is not at all expensive, although also not an absolute bargain any longer. I am moderately bullish, but wouldn't buy more at current valuations.</p>\n<p><b>7. Simon Property</b></p>\n<p>Simon Property is the leading mall player in the US, especially following the close of its acquisition of Taubman. The company had a harsh 2020, but its assets will, we believe, remain in use for a long time. High-quality malls in major metropolitan areas will not lose their value due to online shopping, as retail space can be used for more experimental retail, restaurants, bars, co-working spaces, hotels, and so on.</p>\n<p>This was our thesis throughout 2020, which is why we were very bullish on the stock when it traded at ultra-low valuations last year. In 2021, shares have, so far, returned almost 30%, as the market is increasingly realizing that the pandemic was not the end for high-quality retail real estate such as the properties that Simon Property owns. Shares breached $120 earlier in March but have pulled back a little for now.</p>\n<p>Trading at ~11 times this year's FFO, Simon Property is not an absolute bargain stock any longer. I personally believe that shares will rise back towards pre-crisis levels of $150+ eventually, but that may take some time, and there is not necessarily massive upside left in 2021. I continue to hold my Simon Property position and am bullish with a long-term view, but the best time to add this stock wasin 2020 when it traded at double-digits.</p>\n<p><b>8. W. P. Carey</b></p>\n<p>Unlike Simon Property, W. P. Carey has not risen a lot this year. Instead, shares are down slightly, potentially due to the fact that real estate investors moved towards more cyclical picks in the sector for the reopening trade. W. P. Carey is a rock-solid, low-risk income stock that offers a yield of 6.0% right here and that trades at 15 times forward FFO. This is an above-average valuation compared to the other stocks in this list, but that seems justified based on the fact that W. P. Carey has always traded at higher valuations than most of these stocks.</p>\n<p>As income investors can still not generate attractive yields from bonds, they will, I believe, eventually flock back towards low-risk REITs such as W. P. Carey or Realty Income (O), which could propel shares of these companies back to pre-crisis levels. In W. P. Carey's case, they traded at around $90 before the pandemic, which equates to a yield of around 4.5%. A recovery to that level does not seem unrealistic, I believe, which is why I continue to see W. P. Carey as a moderate-return, low-risk stock, which makes it attractive from a risk-to-reward perspective.</p>\n<p><b>9. AT&amp;T</b></p>\n<p>AT&amp;T remains a battleground stock, with bulls touting the undervaluation and potential in streaming, while bears focus on the high debt load. We do not see AT&amp;T as an extremely-high-quality pick, but the company's shares offer a solid yield of almost 7% and current management seems to have the right focus. Plans to monetize non-core assets, including DirecTV, are great, and the company plans to deleverage meaningfully over the coming years. AT&amp;T is not a high-growth company and will not turn into one, but the fact that the performance of HBO Max has&nbsp;beaten management's expectations&nbsp;is a positive for sure. At less than 10 times net profits, AT&amp;T remains quite inexpensive and if management executes on its plans, shares could deliver quite solid returns over the coming years.</p>\n<p><b>10. Intel</b></p>\n<p>Intel is a somewhat weird stock - the company executes well and grows steadily, but its shares see big swings up and down depending on whether investors are focusing on positive news items or negative news items at the moment. So far this year, they seem to do the prior, as shares have risen by 25% in just three months. This can't be explained by the underlying operational performance, which has been solid but didn't include growth of 20%+. Instead, the market is currently liking Intel's stock based on recent news such as a new CEO and plans to invest heavily to grow production capacity.</p>\n<p>I think the best time to buy Intel's shares is when the market is&nbsp;focusing on the bad news, whereas one may want to lock in gains when shares are trading at the top end of the recent valuation range. At 13.5 times forward earnings, Intel's shares trade at a premium to the median earnings multiple they have traded at over the last couple of years, thus I wouldn't buy here. Instead, locking in gains in the high $60s seemed like an opportune choice. I wouldn't be too surprised if shares fell back towards the mid-$50s or lower at some point during this year.</p>\n<p><b>Takeaway</b></p>\n<p>Our picks for 2020 have done very well so far, easily beating the market and even purely value-focused ETFs. However, not all of these stocks are necessarily still a great buy. I personally wouldn't buy Intel now, as the stock has already delivered easily more than 20% this year, and is trading at the higher end of the recent valuation range. On the other hand, some of our picks, such as AbbVie or W. P. Carey, are still priced very favorably and may even be a better buy right now compared to the beginning of the year.</p>\n<p>We welcome you to share your comments on the above stocks, as well as your picks for the remainder of 2021!</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>Top 10 Undervalued Income Stocks For 2021 - Value Beats Growth</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\">\nTop 10 Undervalued Income Stocks For 2021 - Value Beats Growth\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-26 23:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4416178-top-10-undervalued-income-stocks-for-2021-value-beats-growth><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nAt the end of 2020, we showcased a list of 10 undervalued income stocks for 2021. Looking back, we see that the performance, on average, has been great so far.\nIn this report, we examine the ...</p>\n\n<a href=\"https://seekingalpha.com/article/4416178-top-10-undervalued-income-stocks-for-2021-value-beats-growth\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PFH":"Prudential Financial Inc","BMY":"施贵宝","EPD":"Enterprise Products Partners L.P","ABBV":"艾伯维公司","SPG":"西蒙地产","T":"美国电话电报","MPLX":"MPLX LP","INTC":"英特尔","C":"花旗","WPC":"W. P. Carey Inc"},"source_url":"https://seekingalpha.com/article/4416178-top-10-undervalued-income-stocks-for-2021-value-beats-growth","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1114428323","content_text":"Summary\n\nAt the end of 2020, we showcased a list of 10 undervalued income stocks for 2021. Looking back, we see that the performance, on average, has been great so far.\nIn this report, we examine the reasons for that and will look at whether all 10 are still strong buys today.\nIn some cases, the opportunity is even better now, in others, it may be time to lock in some gains.\n\nPhoto by VeranikaSmirnaya/iStock via Getty Images\nWe wrote an article at the end of December in which we showcased 10 attractive income stocks that traded at inexpensive valuations back then. This resulted in a combination of upside potential and above-average income for investors that bought these stocks at the time. In this article, we will look again at the same ten stocks to see what has changed and whether they are all still attractive at current valuations.\nTop 10 Value Picks For Dividend Investors\nOur choices in our original article included the following 10 stocks:\n- Bristol-Myers Squibb (BMY) and AbbVie (ABBV) in healthcare\n- MPLX (MPLX) and Enterprise Products (EPD) in energy\n- Prudential (PRU) and Citigroup (C) in financials\n- Simon Property Group (SPG) and W. P. Carey (WPC) in real estate\n- AT&T (T) in telecommunication\n- Intel (INTC) in tech\nLooking back one quarter later, we see that shares have performed like this:\nData by YCharts\nYear-to-date, they delivered an average return of 12% and a median return of 15%. Contrast this with the year-to-date return of 3% that was delivered by the S&P 500 index (SPY), and we see that our picks clearly outperformed the broad market, delivering 4-5 times the performance enjoyed by those that put their money into the index.\n2020 Versus 2021: Growth Versus Value\nThis was, I believe, partially the result of investing in high-yielding stocks that traded at very inexpensive valuations and were thus undervalued, but the portfolio also benefited from an overall shift in the market's focus.\n2020 was the year of growth stocks, which saw many \"growthy\" tech names generate very attractive gains. The same could be said about EV stocks, renewable stocks, etc., which all flourished last year thanks to an appetite for growth stocks and unprecedented monetary stimulus. In 2021, that has changed to some degree:\nData by YCharts\nIn the above chart, we see a very clear trend that emerged towards the end of February. The growth-heavy Nasdaq index (NASDAQ:QQQ) started to decline, underperforming the S&P 500 index this year, whereas the less techy, less growth-focused Dow Jones index (NYSEARCA:DIA) has beaten the S&P 500 so far in 2021. Looking at two ETFs that focus on either Value (VTV) or Growth(NYSEARCA:VUG), we see that the value theme clearly has been the winner so far this year, beating all three indexes, whereas the growth-themed ETF is down this year. The good news is that our basket of stocks still easily outperformed the Value ETF, which shows that we seem to have at least some skill when it comes to picking individual stocks (or maybe we got lucky).\nAre Those 10 Still Great Buys Today?\nSince some of these stocks have moved so much already in the first three months, they may not all be an opportune buy any longer, which is why we will take a quick look at all ten individually.\n1. AbbVie\nAbbVie was one of our two healthcare picks in the original article. The company combines many positives, including an above-average yield, a low valuation, and steady growth even during the pandemic. AbbVie's most recent quarterly results showcase its outstanding resilience during the current crisis: The company managed to grow its revenues across its portfolio, with Humira, Imbruvica, and its new drugs Skyrizi and Rinvoq showing a strong performance.\nEven better, the company guided earnings above consensus, forecasting earnings per share of $12.40 for the current year. Relative to its share price of $103, this means that shares got even cheaper since our December article, they are now trading for just 8.3 times forward earnings. In short, there is nothing not to like, and I believe that 5.1%-yielding AbbVie is a strong buy.\n2. Bristol-Myers Squibb\nBristol-Myers is the other healthcare pick in our original list. Like AbbVie, its shares were very inexpensive in December, and like AbbVie, it has continued to deliver strong operational results. Its most recent quarterly update included a 39% revenue growth rate compared to the previous year's quarter. This was impacted by one-time items from the Celgene takeover, but even adjusted for that, revenue growth came in at a strong 10% year over year.\nLike AbbVie, Bristol-Myers has also increased its earnings per share guidance for 2021, now forecasting profits of ~$7.30 per share. Since shares are essentially flat since the beginning of the year, investors get an even better deal right now in terms of Bristol-Myers' valuation, which stands at 8.3 times net profits right now. Bristol-Myers is also one of the stocks Berkshire Hathaway (BRK.A)(BRK.B) has continued to add to in the most recent quarter, which indicates that this is indeed a strong pick for value investors.\n3. MPLX\nMPLX is a natural gas midstream player that offered a great income yield in December, at almost 13%. On top of that, shares were very inexpensive, trading at a distributable cash flow yield of almost 19%.\nLike many other energy-related names, MPLX has performed very well in Q1, delivering a performance of almost 20% in three months. Nevertheless, shares are not at all expensive, trading at a single-digitearningsmultiple - even though earnings are generally a lot lower than cash flows for pipeline companies due to non-cash depreciation charges. Management believes that the company will have ample surplus cash this year, even after making its hefty dividend payments.\nIts CEO stated that shares are undervalued and that the company will likely do buybacks this year, which is a major positive. This will not only be highly accretive thanks to the low valuation shares are trading at, but should also further support the price. Shares are a less outstanding buy compared to December (or earlier in 2020), but they still look very compelling, we believe. They also still offer a very attractive dividend yield of 11% at today's price.\n4. Enterprise Products\nLike MPLX, Enterprise Products has performed well so far this year, on the back of enthusiasm for energy-related names. Its profits and cash flows are not really tied to the price of oil, but the market still bid up shares in recent months. The same had been true in 2020 when shares were sold off in tandem with other energy names, even though Enterprise Products' cash flows were not really impacted by lower oil prices.\nShares are up by double-digits so far this year, but Enterprise Products' shares are not at all expensive. Considering that shares are trading at just around 7 times this year's distributable cash flows, while shares offer a dividend yield of 8.1%, makes us believe that this is still a strong pick for income investors. The fact that management has been buying back shares is another tailwind that could gain relevance as growth spending slows down, which should free up more money for buybacks going forward. We thus still like Enterprise Products as a high-quality midstream company at current prices.\n5. Prudential Financial\nThis insurer has had a very solid 2020 and seeks to generate even stronger profits this year. Shares are up by double-digits so far this year but do not look expensive. With current forecasts seeing the company earn about $11.50 per share this year, and even more next year, shares trade at a ~8 times forward earnings multiple right now. The company continues to reward shareholders handsomely, as Prudential has raised its dividend by 5% in February.\nAt current prices, the stock yields 5.1%, which is quite attractive in a low-yield world. Management plans to return a total of $10 billion to the company's owners through 2023, which equates to shareholder returns in the 10% range. Investors can thus count on more dividend increases down the road, coupled with some buybacks that will be quite accretive as long as shares continue to trade at an inexpensive valuation. Shares were a better buy in December, but they still look solid today.\n6. Citigroup\nCitigroup was the only bank on our list, and I mainly chose it over peers due to its below-average valuation and above-average dividend yield. 2021 has been great for bank stocks so far, due to an overall shift to value stocks, combined with rising interest spreads that are beneficial for banks' earnings.\nShares rose by double-digits so far this year, hitting a high of $76 about two weeks ago. At that price, shares were trading above tangible book value, which stands at $73.80 right now, which is why I sold part of my position in the mid-$70s. Nevertheless, I did not sell my entire stake, as I feel that shares could rise above that level at some point in 2021, even though they have pulled back a little for now.\nThe fact that banks are allowed to return more capital to their owners this year could become a catalyst for share price gains in 2021, as Citigroup will likely seek to increase its dividend and ramp up share repurchases. Trading marginally below tangible book value and at around 10 times this year's earnings, Citigroup is not at all expensive, although also not an absolute bargain any longer. I am moderately bullish, but wouldn't buy more at current valuations.\n7. Simon Property\nSimon Property is the leading mall player in the US, especially following the close of its acquisition of Taubman. The company had a harsh 2020, but its assets will, we believe, remain in use for a long time. High-quality malls in major metropolitan areas will not lose their value due to online shopping, as retail space can be used for more experimental retail, restaurants, bars, co-working spaces, hotels, and so on.\nThis was our thesis throughout 2020, which is why we were very bullish on the stock when it traded at ultra-low valuations last year. In 2021, shares have, so far, returned almost 30%, as the market is increasingly realizing that the pandemic was not the end for high-quality retail real estate such as the properties that Simon Property owns. Shares breached $120 earlier in March but have pulled back a little for now.\nTrading at ~11 times this year's FFO, Simon Property is not an absolute bargain stock any longer. I personally believe that shares will rise back towards pre-crisis levels of $150+ eventually, but that may take some time, and there is not necessarily massive upside left in 2021. I continue to hold my Simon Property position and am bullish with a long-term view, but the best time to add this stock wasin 2020 when it traded at double-digits.\n8. W. P. Carey\nUnlike Simon Property, W. P. Carey has not risen a lot this year. Instead, shares are down slightly, potentially due to the fact that real estate investors moved towards more cyclical picks in the sector for the reopening trade. W. P. Carey is a rock-solid, low-risk income stock that offers a yield of 6.0% right here and that trades at 15 times forward FFO. This is an above-average valuation compared to the other stocks in this list, but that seems justified based on the fact that W. P. Carey has always traded at higher valuations than most of these stocks.\nAs income investors can still not generate attractive yields from bonds, they will, I believe, eventually flock back towards low-risk REITs such as W. P. Carey or Realty Income (O), which could propel shares of these companies back to pre-crisis levels. In W. P. Carey's case, they traded at around $90 before the pandemic, which equates to a yield of around 4.5%. A recovery to that level does not seem unrealistic, I believe, which is why I continue to see W. P. Carey as a moderate-return, low-risk stock, which makes it attractive from a risk-to-reward perspective.\n9. AT&T\nAT&T remains a battleground stock, with bulls touting the undervaluation and potential in streaming, while bears focus on the high debt load. We do not see AT&T as an extremely-high-quality pick, but the company's shares offer a solid yield of almost 7% and current management seems to have the right focus. Plans to monetize non-core assets, including DirecTV, are great, and the company plans to deleverage meaningfully over the coming years. AT&T is not a high-growth company and will not turn into one, but the fact that the performance of HBO Max has beaten management's expectations is a positive for sure. At less than 10 times net profits, AT&T remains quite inexpensive and if management executes on its plans, shares could deliver quite solid returns over the coming years.\n10. Intel\nIntel is a somewhat weird stock - the company executes well and grows steadily, but its shares see big swings up and down depending on whether investors are focusing on positive news items or negative news items at the moment. So far this year, they seem to do the prior, as shares have risen by 25% in just three months. This can't be explained by the underlying operational performance, which has been solid but didn't include growth of 20%+. Instead, the market is currently liking Intel's stock based on recent news such as a new CEO and plans to invest heavily to grow production capacity.\nI think the best time to buy Intel's shares is when the market is focusing on the bad news, whereas one may want to lock in gains when shares are trading at the top end of the recent valuation range. At 13.5 times forward earnings, Intel's shares trade at a premium to the median earnings multiple they have traded at over the last couple of years, thus I wouldn't buy here. Instead, locking in gains in the high $60s seemed like an opportune choice. I wouldn't be too surprised if shares fell back towards the mid-$50s or lower at some point during this year.\nTakeaway\nOur picks for 2020 have done very well so far, easily beating the market and even purely value-focused ETFs. However, not all of these stocks are necessarily still a great buy. I personally wouldn't buy Intel now, as the stock has already delivered easily more than 20% this year, and is trading at the higher end of the recent valuation range. On the other hand, some of our picks, such as AbbVie or W. P. Carey, are still priced very favorably and may even be a better buy right now compared to the beginning of the year.\nWe welcome you to share your comments on the above stocks, as well as your picks for the remainder of 2021!","news_type":1},"isVote":1,"tweetType":1,"viewCount":617,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":351398580,"gmtCreate":1616560680740,"gmtModify":1634525193602,"author":{"id":"3553751084635254","authorId":"3553751084635254","name":"PeopleAction","avatar":"https://static.tigerbbs.com/50b5756d6638c3b8fc7eb475adc1ab9c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3553751084635254","idStr":"3553751084635254"},"themes":[],"htmlText":"Already bought but it has not shot up&nbsp;","listText":"Already bought but it has not shot up&nbsp;","text":"Already bought but it has not shot up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/351398580","repostId":"1164066925","repostType":4,"isVote":1,"tweetType":1,"viewCount":732,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":353956368,"gmtCreate":1616457544554,"gmtModify":1634525762070,"author":{"id":"3553751084635254","authorId":"3553751084635254","name":"PeopleAction","avatar":"https://static.tigerbbs.com/50b5756d6638c3b8fc7eb475adc1ab9c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3553751084635254","idStr":"3553751084635254"},"themes":[],"htmlText":"谷歌","listText":"谷歌","text":"谷歌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/353956368","repostId":"2121766771","repostType":4,"isVote":1,"tweetType":1,"viewCount":745,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":353958054,"gmtCreate":1616457476778,"gmtModify":1634525763013,"author":{"id":"3553751084635254","authorId":"3553751084635254","name":"PeopleAction","avatar":"https://static.tigerbbs.com/50b5756d6638c3b8fc7eb475adc1ab9c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3553751084635254","idStr":"3553751084635254"},"themes":[],"htmlText":"棒棒","listText":"棒棒","text":"棒棒","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/353958054","repostId":"2121722120","repostType":4,"isVote":1,"tweetType":1,"viewCount":982,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":350724292,"gmtCreate":1616292391616,"gmtModify":1634526483200,"author":{"id":"3553751084635254","authorId":"3553751084635254","name":"PeopleAction","avatar":"https://static.tigerbbs.com/50b5756d6638c3b8fc7eb475adc1ab9c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3553751084635254","idStr":"3553751084635254"},"themes":[],"htmlText":"Please like &amp; comment. Have a great weekend!","listText":"Please like &amp; comment. Have a great weekend!","text":"Please like & comment. Have a great weekend!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/350724292","repostId":"1117450855","repostType":4,"isVote":1,"tweetType":1,"viewCount":464,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":350679897,"gmtCreate":1616206014019,"gmtModify":1634526741432,"author":{"id":"3553751084635254","authorId":"3553751084635254","name":"PeopleAction","avatar":"https://static.tigerbbs.com/50b5756d6638c3b8fc7eb475adc1ab9c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3553751084635254","idStr":"3553751084635254"},"themes":[],"htmlText":"Please like and comment. Have a great weekend&nbsp;","listText":"Please like and comment. Have a great weekend&nbsp;","text":"Please like and comment. Have a great weekend","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/350679897","repostId":"1117450855","repostType":4,"isVote":1,"tweetType":1,"viewCount":403,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":327445031,"gmtCreate":1616120188823,"gmtModify":1634527129448,"author":{"id":"3553751084635254","authorId":"3553751084635254","name":"PeopleAction","avatar":"https://static.tigerbbs.com/50b5756d6638c3b8fc7eb475adc1ab9c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3553751084635254","idStr":"3553751084635254"},"themes":[],"htmlText":"Turning to sell other more profitable...","listText":"Turning to sell other more profitable...","text":"Turning to sell other more profitable...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/327445031","repostId":"1191266303","repostType":4,"repost":{"id":"1191266303","kind":"news","pubTimestamp":1616114370,"share":"https://www.laohu8.com/m/news/1191266303?lang=&edition=full","pubTime":"2021-03-19 08:39","market":"us","language":"en","title":"What If the U.S. Treasury Stopped Selling 10-Year Notes?","url":"https://stock-news.laohu8.com/highlight/detail?id=1191266303","media":"Bloomberg","summary":"As longer-term yields climb, remember that the federal government has many options to finance itself","content":"<p>As longer-term yields climb, remember&nbsp;that the federal government has many options to finance itself.</p>\n<p>Another day, another tantrum in the world’s biggest bond market.</p>\n<p>The benchmark 10-year U.S. Treasury yield jumped as much as 11 basis points on Thursday to 1.75%, while the 30-year yield&nbsp;climbed 10 basis points to 2.51%. The fear is palpable among fixed-income investors that the Federal Reserve will truly allow inflation to exceed its 2% target for an extended period before raising interest rates and pumping the brakes on the economy. This isn’t&nbsp;a surprise to anyone who has been paying attention, but nonetheless the central bank’s projections this week hammered home the shift in its monetary-policy framework.</p>\n<p>Meanwhile, the Fed showed no interest in some of the more elaborate ideas about how to tame longer-term Treasury yields, such as an “Operation Twist” type effort to reduce purchases of shorter-dated debt and buy more long bonds&nbsp;or outright yield-curve control. This was the right move: Clearly, bond traders across the world are still grappling with the central bank’s new reaction function.&nbsp;In five of the last 16 trading sessions, 10-year yields have increased by more than eight&nbsp;basis points. In the second half of 2020, such a move happened only four times. It’s too risky for the Fed to try to intervene in such volatile markets —&nbsp;failure to tame them would only make things worse.</p>\n<p>As it stands now, the yield curve from two to 10 years is the steepest since July 2015, at about 159 basis points, while the curve from five to 30 years is 161 basis points, just about&nbsp;the steepest since August 2014. While this is typically a sign that markets expect strong economic growth, it also means that the cost to borrow for decades is now significantly higher than it is to sell shorter-dated debt. That makes sense, given that the Fed has almost total control over front-end rates and reiterated that it’s in no hurry to raise them.</p>\n<p><img src=\"https://static.tigerbbs.com/b1a025bbaa665efa95855f196aac62c0\" tg-width=\"846\" tg-height=\"463\"></p>\n<p>So if investors are fretting about higher long-term yields, and it’s cheaper to borrow with short-dated debt, why doesn’t Treasury Secretary Janet Yellen just stop selling 10-year notes altogether? It would, in effect, be the Treasury Department’s own version of Operation Twist. And it would surely get the attention of bond traders who appear hellbent on raising a ruckus over Fed Chair Jerome Powell’s&nbsp;refusal&nbsp;to give in to their tantrums.</p>\n<p>Recent research supports such a move, even if it seems highly unlikely to happen in practice.&nbsp;Martin Ellison from the University of Oxford and Andrew Scott from the London Business School published a report last year that tracked&nbsp;British government bonds dating all the way back to&nbsp;1694 and found “a substantial cost advantage in favor of issuing short bonds, even when considering some of the operational risks implied by cash flows and gross redemptions.”&nbsp;Matthew C. Klein at Barron’s&nbsp;wrote&nbsp;about this study&nbsp;when it was published, concluding that the only reason it makes sense for Treasury officials to sell long bonds is if they expect much higher and sustained inflation than bond traders. It’s not clear that’s the case.</p>\n<p>If that’s not convincing, none other than Milton Friedman has floated a similar notion. In a 1948 paper titled “A Monetary and Fiscal Framework for Economic Stability,” he discussed a proposal in which “government expenditures would be financed entirely by either tax revenues or the creation of money, that is, the issue of non-interest-bearing securities. Government would not issue interest-bearing securities to the public.” This sounds a lot like what Stephanie Kelton would write some 70 years later in her book on Modern Monetary Theory:</p>\n<blockquote>\n “U.S. Treasuries are just interest-bearing dollars. To buy some of those interest-bearing dollars from the government, you first need the government’s currency. We might call the former ‘yellow dollars’ and the latter ‘green dollars’ …&nbsp;what we call government borrowing is nothing more than Uncle Sam allowing people to transform green dollars into interest-bearing yellow dollars.”\n</blockquote>\n<p>It’s not quite such a simple calculation for the Treasury, however. David Beckworth,&nbsp;a senior research fellow at&nbsp;the Mercatus Center of&nbsp;George Mason University and&nbsp;former Treasury Department economist, points to the highly influential&nbsp;Treasury Borrowing Advisory Committee&nbsp;as a reason it would be difficult to move to a short-term only borrowing structure. The group includes executives from Goldman Sachs Group Inc., BlackRock Inc. and Pacific Investment Management Co., among other large banks and money managers. “TBAC says we want this level of maturity,” Beckworth says, “and Treasury is sensitive to the market’s need.”</p>\n<p>Certainly, any effort to shorten maturities or do away with long bonds entirely&nbsp;would receive pushback from liability-driven investors like&nbsp;pension funds and insurance companies. But remember, Treasury apparently didn’t find enough demand from these institutions for a 50-year maturity, which is why it settled for bringing back 20-year bonds instead. Besides, any move by the federal government to suspend&nbsp;10-year or 30-year securities wouldn’t stop investment-grade companies from issuing such debt. State and local governments could also lock in lower borrowing costs with long-term taxable or tax-exempt bonds. It’s not as if all duration would disappear from the financial markets.</p>\n<p>To be clear, I don’t expect Yellen’s Treasury would entertain doing away with long-term borrowing entirely. It’s simply too confusing for many people to think of the federal government as anything other than a business that should strive to lock in historically low long-term borrowing costs,&nbsp;even if in reality there’s no reason to think that the world’s largest economy and issuer of the global reserve currency&nbsp;couldn’t just roll over short-term debt time and again. At best, Treasury may consider scaling back its average maturity if yield curves continue to steepen as they have in recent months.</p>\n<p>Rather, it’s a reminder that bond traders pushing the 10-year yield&nbsp;higher isn’t some sort of&nbsp;existential crisis. Yes, it’s a global borrowing benchmark and is used as a risk-free rate to value a range of financial assets. But it wouldn’t take all that much for Powell and Yellen to simply turn the entire yield curve into something resembling the overnight rate set by the Fed. With that kind of power, it’s little wonder that they tune out&nbsp;the&nbsp;day-to-day tantrums.</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>What If the U.S. Treasury Stopped Selling 10-Year Notes?</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\">\nWhat If the U.S. Treasury Stopped Selling 10-Year Notes?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-19 08:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/opinion/articles/2021-03-18/what-if-the-u-s-treasury-stopped-selling-10-year-notes><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>As longer-term yields climb, remember that the federal government has many options to finance itself.\nAnother day, another tantrum in the world’s biggest bond market.\nThe benchmark 10-year U.S. ...</p>\n\n<a href=\"https://www.bloomberg.com/opinion/articles/2021-03-18/what-if-the-u-s-treasury-stopped-selling-10-year-notes\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.bloomberg.com/opinion/articles/2021-03-18/what-if-the-u-s-treasury-stopped-selling-10-year-notes","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1191266303","content_text":"As longer-term yields climb, remember that the federal government has many options to finance itself.\nAnother day, another tantrum in the world’s biggest bond market.\nThe benchmark 10-year U.S. Treasury yield jumped as much as 11 basis points on Thursday to 1.75%, while the 30-year yield climbed 10 basis points to 2.51%. The fear is palpable among fixed-income investors that the Federal Reserve will truly allow inflation to exceed its 2% target for an extended period before raising interest rates and pumping the brakes on the economy. This isn’t a surprise to anyone who has been paying attention, but nonetheless the central bank’s projections this week hammered home the shift in its monetary-policy framework.\nMeanwhile, the Fed showed no interest in some of the more elaborate ideas about how to tame longer-term Treasury yields, such as an “Operation Twist” type effort to reduce purchases of shorter-dated debt and buy more long bonds or outright yield-curve control. This was the right move: Clearly, bond traders across the world are still grappling with the central bank’s new reaction function. In five of the last 16 trading sessions, 10-year yields have increased by more than eight basis points. In the second half of 2020, such a move happened only four times. It’s too risky for the Fed to try to intervene in such volatile markets — failure to tame them would only make things worse.\nAs it stands now, the yield curve from two to 10 years is the steepest since July 2015, at about 159 basis points, while the curve from five to 30 years is 161 basis points, just about the steepest since August 2014. While this is typically a sign that markets expect strong economic growth, it also means that the cost to borrow for decades is now significantly higher than it is to sell shorter-dated debt. That makes sense, given that the Fed has almost total control over front-end rates and reiterated that it’s in no hurry to raise them.\n\nSo if investors are fretting about higher long-term yields, and it’s cheaper to borrow with short-dated debt, why doesn’t Treasury Secretary Janet Yellen just stop selling 10-year notes altogether? It would, in effect, be the Treasury Department’s own version of Operation Twist. And it would surely get the attention of bond traders who appear hellbent on raising a ruckus over Fed Chair Jerome Powell’s refusal to give in to their tantrums.\nRecent research supports such a move, even if it seems highly unlikely to happen in practice. Martin Ellison from the University of Oxford and Andrew Scott from the London Business School published a report last year that tracked British government bonds dating all the way back to 1694 and found “a substantial cost advantage in favor of issuing short bonds, even when considering some of the operational risks implied by cash flows and gross redemptions.” Matthew C. Klein at Barron’s wrote about this study when it was published, concluding that the only reason it makes sense for Treasury officials to sell long bonds is if they expect much higher and sustained inflation than bond traders. It’s not clear that’s the case.\nIf that’s not convincing, none other than Milton Friedman has floated a similar notion. In a 1948 paper titled “A Monetary and Fiscal Framework for Economic Stability,” he discussed a proposal in which “government expenditures would be financed entirely by either tax revenues or the creation of money, that is, the issue of non-interest-bearing securities. Government would not issue interest-bearing securities to the public.” This sounds a lot like what Stephanie Kelton would write some 70 years later in her book on Modern Monetary Theory:\n\n “U.S. Treasuries are just interest-bearing dollars. To buy some of those interest-bearing dollars from the government, you first need the government’s currency. We might call the former ‘yellow dollars’ and the latter ‘green dollars’ … what we call government borrowing is nothing more than Uncle Sam allowing people to transform green dollars into interest-bearing yellow dollars.”\n\nIt’s not quite such a simple calculation for the Treasury, however. David Beckworth, a senior research fellow at the Mercatus Center of George Mason University and former Treasury Department economist, points to the highly influential Treasury Borrowing Advisory Committee as a reason it would be difficult to move to a short-term only borrowing structure. The group includes executives from Goldman Sachs Group Inc., BlackRock Inc. and Pacific Investment Management Co., among other large banks and money managers. “TBAC says we want this level of maturity,” Beckworth says, “and Treasury is sensitive to the market’s need.”\nCertainly, any effort to shorten maturities or do away with long bonds entirely would receive pushback from liability-driven investors like pension funds and insurance companies. But remember, Treasury apparently didn’t find enough demand from these institutions for a 50-year maturity, which is why it settled for bringing back 20-year bonds instead. Besides, any move by the federal government to suspend 10-year or 30-year securities wouldn’t stop investment-grade companies from issuing such debt. State and local governments could also lock in lower borrowing costs with long-term taxable or tax-exempt bonds. It’s not as if all duration would disappear from the financial markets.\nTo be clear, I don’t expect Yellen’s Treasury would entertain doing away with long-term borrowing entirely. It’s simply too confusing for many people to think of the federal government as anything other than a business that should strive to lock in historically low long-term borrowing costs, even if in reality there’s no reason to think that the world’s largest economy and issuer of the global reserve currency couldn’t just roll over short-term debt time and again. At best, Treasury may consider scaling back its average maturity if yield curves continue to steepen as they have in recent months.\nRather, it’s a reminder that bond traders pushing the 10-year yield higher isn’t some sort of existential crisis. Yes, it’s a global borrowing benchmark and is used as a risk-free rate to value a range of financial assets. But it wouldn’t take all that much for Powell and Yellen to simply turn the entire yield curve into something resembling the overnight rate set by the Fed. With that kind of power, it’s little wonder that they tune out the day-to-day tantrums.","news_type":1},"isVote":1,"tweetType":1,"viewCount":234,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":327442204,"gmtCreate":1616120104108,"gmtModify":1634527129567,"author":{"id":"3553751084635254","authorId":"3553751084635254","name":"PeopleAction","avatar":"https://static.tigerbbs.com/50b5756d6638c3b8fc7eb475adc1ab9c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3553751084635254","idStr":"3553751084635254"},"themes":[],"htmlText":"My jewelry!","listText":"My jewelry!","text":"My jewelry!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/327442204","repostId":"2120716096","repostType":4,"isVote":1,"tweetType":1,"viewCount":351,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":327859763,"gmtCreate":1616077585252,"gmtModify":1634527349488,"author":{"id":"3553751084635254","authorId":"3553751084635254","name":"PeopleAction","avatar":"https://static.tigerbbs.com/50b5756d6638c3b8fc7eb475adc1ab9c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3553751084635254","idStr":"3553751084635254"},"themes":[],"htmlText":"Support","listText":"Support","text":"Support","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/327859763","repostId":"1168629616","repostType":4,"repost":{"id":"1168629616","kind":"news","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":1616074673,"share":"https://www.laohu8.com/m/news/1168629616?lang=&edition=full","pubTime":"2021-03-18 21:37","market":"us","language":"en","title":"Sundial Growers rose more than 7%","url":"https://stock-news.laohu8.com/highlight/detail?id=1168629616","media":"Tiger Newspress","summary":"(March 18) Sundial Grower rose more than 7%.Sundial Reports Full Year and Fourth Quarter 2020 Financ","content":"<p>(March 18)&nbsp;Sundial Grower rose more than 7%.Sundial Reports Full Year and Fourth Quarter 2020 Financial and Operational Results,&nbsp;misses on revenue.</p><p><img src=\"https://static.tigerbbs.com/8adac2ddca4c94960edcea89ebc7a58b\" tg-width=\"678\" tg-height=\"498\" referrerpolicy=\"no-referrer\"></p><p></p><ul><li>Sundial Growers&nbsp;Q4 Net loss of C$64.14M.</li><li>Revenue of C$13.58M (+5.3% Q/Q)misses by C$0.3M.</li><li>Adjusted EBITDA loss of C$5.6M.</li><li>The Company sold 23,500 kilogram equivalents of cannabis in 2020, a 36% increase over the previous year sales of 17,293 kilogram equivalents.</li><li>Branded net cannabis sales increased to 75% of total cannabis sales in 2020 from 20% in the previous year, representing C$55.3 million of sales up from $13.4 million of sales in 2019.</li></ul><p><b>Here's Why Investors Liked Sundial Growers' Q4 Resul</b>ts</p><p>You can count the number ofpot stocksthat have been hotter this year than<b>Sundial Growers</b>(NASDAQ:SNDL)on one hand. Actually, you'll only need one finger.<b>Tilray</b>is the only stock to narrowly outperform Sundial in 2021 so far. But that could soon change.</p><p>Sundial announced its fourth-quarter results after the market closed on Wednesday. The marijuana stock jumped close to 8% in after-hours trading. Here are the highlights from the company's Q4 update.</p><p><b>By the numbers</b></p><p>Sundial reported net cannabis revenue of 13.9 million in Canadian dollars in the fourth quarter, up 8% quarter over quarter but down more than 5% year over year. This result topped the average analyst's revenue estimate of CA$12.1 million.</p><p>The cannabis producer announced a net loss in the fourth quarter of CA$64.1 million. This reflected improvement from Sundial's net loss of CA$71.4 million in the previous quarter and its net loss of CA$145.9 million in the prior-year period.</p><p>Sundial recorded an adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) from continuing operations loss of CA$5.6 million in Q4. In the third quarter, the company posted an adjusted EBITDA loss of CA$4.4 million.</p><p><b>Behind the numbers</b></p><p>Sundial Growers CEO Zach George noted that the company faced headwinds in its last two quarters from the repositioning of its cultivation operations. The cannabis producer has made these changes to try to meet the continuing shifts in consumer preferences.</p><p>The company's transition from wholesale to branded retail sales achieved incremental improvement in the fourth quarter, compared to the third quarter. However, Sundial has a long way to go to return to its revenue levels of the past.</p><p>George readily acknowledged this. He noted that the company still has \"significant work to do in our core operations to achieve the goals we have established for Sundial and our shareholders.\"</p><p>It didn't help that the company's Q4 average gross selling price per gram equivalent for branded products fell to CA$4.14 from $5.53 in the third quarter. Sundial attributed this decrease to \"industry price compression,\" which basically means that competition is resulting in lower prices.</p><p>The good news for Sundial is that its cost reduction initiatives are paying off. General and administrative (G&amp;A) costs in full-year 2020 declined 18% year over year. However, total sales, marketing, and G&amp;A costs rose 6% quarter over quarter, due primarily to increasing sales and marketing spending promoting the company's brands.</p><p><b>Looking ahead</b></p><p>There are several positive developments to look forward to with Sundial. The company said that it harvested its highest-potency cannabis flower ever in February. That could bode well for Sundial's market positioning of its retail cannabis products.</p><p>Earlier this week, Sundialannounced a joint venturewith SunStream Bancorp. The two companies will work together to invest in cannabis companies in Canada and internationally.</p><p>However, the lack of profitability seems likely to hover over Sundial like a dark cloud. Until the company makes progress toward achieving a positive bottom line, it will likely have to resort to additional dilution-causing stock offerings in the future.</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>Sundial Growers rose more than 7%</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\">\nSundial Growers rose more than 7%\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\">2021-03-18 21:37</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(March 18)&nbsp;Sundial Grower rose more than 7%.Sundial Reports Full Year and Fourth Quarter 2020 Financial and Operational Results,&nbsp;misses on revenue.</p><p><img src=\"https://static.tigerbbs.com/8adac2ddca4c94960edcea89ebc7a58b\" tg-width=\"678\" tg-height=\"498\" referrerpolicy=\"no-referrer\"></p><p></p><ul><li>Sundial Growers&nbsp;Q4 Net loss of C$64.14M.</li><li>Revenue of C$13.58M (+5.3% Q/Q)misses by C$0.3M.</li><li>Adjusted EBITDA loss of C$5.6M.</li><li>The Company sold 23,500 kilogram equivalents of cannabis in 2020, a 36% increase over the previous year sales of 17,293 kilogram equivalents.</li><li>Branded net cannabis sales increased to 75% of total cannabis sales in 2020 from 20% in the previous year, representing C$55.3 million of sales up from $13.4 million of sales in 2019.</li></ul><p><b>Here's Why Investors Liked Sundial Growers' Q4 Resul</b>ts</p><p>You can count the number ofpot stocksthat have been hotter this year than<b>Sundial Growers</b>(NASDAQ:SNDL)on one hand. Actually, you'll only need one finger.<b>Tilray</b>is the only stock to narrowly outperform Sundial in 2021 so far. But that could soon change.</p><p>Sundial announced its fourth-quarter results after the market closed on Wednesday. The marijuana stock jumped close to 8% in after-hours trading. Here are the highlights from the company's Q4 update.</p><p><b>By the numbers</b></p><p>Sundial reported net cannabis revenue of 13.9 million in Canadian dollars in the fourth quarter, up 8% quarter over quarter but down more than 5% year over year. This result topped the average analyst's revenue estimate of CA$12.1 million.</p><p>The cannabis producer announced a net loss in the fourth quarter of CA$64.1 million. This reflected improvement from Sundial's net loss of CA$71.4 million in the previous quarter and its net loss of CA$145.9 million in the prior-year period.</p><p>Sundial recorded an adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) from continuing operations loss of CA$5.6 million in Q4. In the third quarter, the company posted an adjusted EBITDA loss of CA$4.4 million.</p><p><b>Behind the numbers</b></p><p>Sundial Growers CEO Zach George noted that the company faced headwinds in its last two quarters from the repositioning of its cultivation operations. The cannabis producer has made these changes to try to meet the continuing shifts in consumer preferences.</p><p>The company's transition from wholesale to branded retail sales achieved incremental improvement in the fourth quarter, compared to the third quarter. However, Sundial has a long way to go to return to its revenue levels of the past.</p><p>George readily acknowledged this. He noted that the company still has \"significant work to do in our core operations to achieve the goals we have established for Sundial and our shareholders.\"</p><p>It didn't help that the company's Q4 average gross selling price per gram equivalent for branded products fell to CA$4.14 from $5.53 in the third quarter. Sundial attributed this decrease to \"industry price compression,\" which basically means that competition is resulting in lower prices.</p><p>The good news for Sundial is that its cost reduction initiatives are paying off. General and administrative (G&amp;A) costs in full-year 2020 declined 18% year over year. However, total sales, marketing, and G&amp;A costs rose 6% quarter over quarter, due primarily to increasing sales and marketing spending promoting the company's brands.</p><p><b>Looking ahead</b></p><p>There are several positive developments to look forward to with Sundial. The company said that it harvested its highest-potency cannabis flower ever in February. That could bode well for Sundial's market positioning of its retail cannabis products.</p><p>Earlier this week, Sundialannounced a joint venturewith SunStream Bancorp. The two companies will work together to invest in cannabis companies in Canada and internationally.</p><p>However, the lack of profitability seems likely to hover over Sundial like a dark cloud. Until the company makes progress toward achieving a positive bottom line, it will likely have to resort to additional dilution-causing stock offerings in the future.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SNDL":"SNDL Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1168629616","content_text":"(March 18) Sundial Grower rose more than 7%.Sundial Reports Full Year and Fourth Quarter 2020 Financial and Operational Results, misses on revenue.Sundial Growers Q4 Net loss of C$64.14M.Revenue of C$13.58M (+5.3% Q/Q)misses by C$0.3M.Adjusted EBITDA loss of C$5.6M.The Company sold 23,500 kilogram equivalents of cannabis in 2020, a 36% increase over the previous year sales of 17,293 kilogram equivalents.Branded net cannabis sales increased to 75% of total cannabis sales in 2020 from 20% in the previous year, representing C$55.3 million of sales up from $13.4 million of sales in 2019.Here's Why Investors Liked Sundial Growers' Q4 ResultsYou can count the number ofpot stocksthat have been hotter this year thanSundial Growers(NASDAQ:SNDL)on one hand. Actually, you'll only need one finger.Tilrayis the only stock to narrowly outperform Sundial in 2021 so far. But that could soon change.Sundial announced its fourth-quarter results after the market closed on Wednesday. The marijuana stock jumped close to 8% in after-hours trading. Here are the highlights from the company's Q4 update.By the numbersSundial reported net cannabis revenue of 13.9 million in Canadian dollars in the fourth quarter, up 8% quarter over quarter but down more than 5% year over year. This result topped the average analyst's revenue estimate of CA$12.1 million.The cannabis producer announced a net loss in the fourth quarter of CA$64.1 million. This reflected improvement from Sundial's net loss of CA$71.4 million in the previous quarter and its net loss of CA$145.9 million in the prior-year period.Sundial recorded an adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) from continuing operations loss of CA$5.6 million in Q4. In the third quarter, the company posted an adjusted EBITDA loss of CA$4.4 million.Behind the numbersSundial Growers CEO Zach George noted that the company faced headwinds in its last two quarters from the repositioning of its cultivation operations. The cannabis producer has made these changes to try to meet the continuing shifts in consumer preferences.The company's transition from wholesale to branded retail sales achieved incremental improvement in the fourth quarter, compared to the third quarter. However, Sundial has a long way to go to return to its revenue levels of the past.George readily acknowledged this. He noted that the company still has \"significant work to do in our core operations to achieve the goals we have established for Sundial and our shareholders.\"It didn't help that the company's Q4 average gross selling price per gram equivalent for branded products fell to CA$4.14 from $5.53 in the third quarter. Sundial attributed this decrease to \"industry price compression,\" which basically means that competition is resulting in lower prices.The good news for Sundial is that its cost reduction initiatives are paying off. General and administrative (G&A) costs in full-year 2020 declined 18% year over year. However, total sales, marketing, and G&A costs rose 6% quarter over quarter, due primarily to increasing sales and marketing spending promoting the company's brands.Looking aheadThere are several positive developments to look forward to with Sundial. The company said that it harvested its highest-potency cannabis flower ever in February. That could bode well for Sundial's market positioning of its retail cannabis products.Earlier this week, Sundialannounced a joint venturewith SunStream Bancorp. The two companies will work together to invest in cannabis companies in Canada and internationally.However, the lack of profitability seems likely to hover over Sundial like a dark cloud. Until the company makes progress toward achieving a positive bottom line, it will likely have to resort to additional dilution-causing stock offerings in the future.","news_type":1},"isVote":1,"tweetType":1,"viewCount":340,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":324974604,"gmtCreate":1615958006708,"gmtModify":1703495531989,"author":{"id":"3553751084635254","authorId":"3553751084635254","name":"PeopleAction","avatar":"https://static.tigerbbs.com/50b5756d6638c3b8fc7eb475adc1ab9c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3553751084635254","idStr":"3553751084635254"},"themes":[],"htmlText":"Demand but pay or not is another matter","listText":"Demand but pay or not is another matter","text":"Demand but pay or not is another matter","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/324974604","repostId":"2119927572","repostType":4,"isVote":1,"tweetType":1,"viewCount":255,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":324975469,"gmtCreate":1615957970951,"gmtModify":1703495530612,"author":{"id":"3553751084635254","authorId":"3553751084635254","name":"PeopleAction","avatar":"https://static.tigerbbs.com/50b5756d6638c3b8fc7eb475adc1ab9c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3553751084635254","idStr":"3553751084635254"},"themes":[],"htmlText":"Who is in?","listText":"Who is in?","text":"Who is in?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/324975469","repostId":"2120616977","repostType":4,"isVote":1,"tweetType":1,"viewCount":368,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":322981326,"gmtCreate":1615767383465,"gmtModify":1703492603845,"author":{"id":"3553751084635254","authorId":"3553751084635254","name":"PeopleAction","avatar":"https://static.tigerbbs.com/50b5756d6638c3b8fc7eb475adc1ab9c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3553751084635254","idStr":"3553751084635254"},"themes":[],"htmlText":"Interesting! Please like and comment, thanks! Have a good day ahead!","listText":"Interesting! Please like and comment, thanks! Have a good day ahead!","text":"Interesting! Please like and comment, thanks! Have a good day ahead!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/322981326","repostId":"1155155337","repostType":4,"isVote":1,"tweetType":1,"viewCount":329,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":328649252,"gmtCreate":1615524081676,"gmtModify":1703490411661,"author":{"id":"3553751084635254","authorId":"3553751084635254","name":"PeopleAction","avatar":"https://static.tigerbbs.com/50b5756d6638c3b8fc7eb475adc1ab9c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3553751084635254","idStr":"3553751084635254"},"themes":[],"htmlText":"Bull bull bull","listText":"Bull bull bull","text":"Bull bull bull","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/328649252","repostId":"2118312979","repostType":4,"isVote":1,"tweetType":1,"viewCount":274,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":321898913,"gmtCreate":1615419840332,"gmtModify":1703488741489,"author":{"id":"3553751084635254","authorId":"3553751084635254","name":"PeopleAction","avatar":"https://static.tigerbbs.com/50b5756d6638c3b8fc7eb475adc1ab9c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3553751084635254","idStr":"3553751084635254"},"themes":[],"htmlText":"Please comment and like my post! Good day to everyone!","listText":"Please comment and like my post! Good day to everyone!","text":"Please comment and like my post! Good day to everyone!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/321898913","repostId":"1117878459","repostType":4,"isVote":1,"tweetType":1,"viewCount":233,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":321893379,"gmtCreate":1615419749791,"gmtModify":1703488738729,"author":{"id":"3553751084635254","authorId":"3553751084635254","name":"PeopleAction","avatar":"https://static.tigerbbs.com/50b5756d6638c3b8fc7eb475adc1ab9c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3553751084635254","idStr":"3553751084635254"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/H78.SI\">$HONGKONG LAND HOLDINGS LIMITED(H78.SI)$</a>😜","listText":"<a href=\"https://laohu8.com/S/H78.SI\">$HONGKONG LAND HOLDINGS LIMITED(H78.SI)$</a>😜","text":"$HONGKONG LAND HOLDINGS LIMITED(H78.SI)$😜","images":[{"img":"https://static.tigerbbs.com/43cfdde6a1cd45b97c5cc1ca08f25a5e","width":"1170","height":"2026"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/321893379","isVote":1,"tweetType":1,"viewCount":498,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"hots":[{"id":350724292,"gmtCreate":1616292391616,"gmtModify":1634526483200,"author":{"id":"3553751084635254","authorId":"3553751084635254","name":"PeopleAction","avatar":"https://static.tigerbbs.com/50b5756d6638c3b8fc7eb475adc1ab9c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553751084635254","authorIdStr":"3553751084635254"},"themes":[],"htmlText":"Please like &amp; comment. Have a great weekend!","listText":"Please like &amp; comment. Have a great weekend!","text":"Please like & comment. Have a great weekend!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/350724292","repostId":"1117450855","repostType":4,"repost":{"id":"1117450855","kind":"news","pubTimestamp":1616166767,"share":"https://www.laohu8.com/m/news/1117450855?lang=&edition=full","pubTime":"2021-03-19 23:12","market":"us","language":"en","title":"Powell says Fed will keep supporting economy ‘for as long as it takes’","url":"https://stock-news.laohu8.com/highlight/detail?id=1117450855","media":"marketwatch","summary":"Outlook is brightening, but recovery ‘far from complete,’ Fed chairman says in WSJ op-ed.Federal Reserve Chairman Jerome Powell on Friday said that while the U.S. economic outlook is “brightening,” the recovery is “far from complete.”In an op-ed published in the Wall Street Journal,Powell recounted the moment last February when he realized that the coronavirus pandemic would sweep across the country.“The danger to the U.S. economy was grave. The challenge was to limit the severity and duration o","content":"<blockquote>\n <b>Outlook is brightening, but recovery ‘far from complete,’ Fed chairman says in WSJ op-ed.</b>\n</blockquote>\n<p>Federal Reserve Chairman Jerome Powell on Friday said that while the U.S. economic outlook is “brightening,” the recovery is “far from complete.”</p>\n<p>In an op-ed published in the Wall Street Journal,Powell recounted the moment last February when he realized that the coronavirus pandemic would sweep across the country.</p>\n<p>“The danger to the U.S. economy was grave. The challenge was to limit the severity and duration of the fallout to avoid longer-run damage,” he said.</p>\n<p>Powell and his colleagues engineered a rapid response to the crisis, based on the lesson learned from slow recovery to the Great Recession of 2008-2009 that swift action might have been better.</p>\n<p>The central bank quickly slashed its policy interest rate to zero and launched an open-ended asset purchase program known as quantitative easing.</p>\n<p>With economists penciling in strong growth for 2021 and more Americans getting vaccinated every day, financial markets are wondering how long Fed support will last.</p>\n<p>In the op-ed, Powell said the situation “is much improved.”</p>\n<p>“But the recovery is far from complete, so at the Fed we will continue to provide the economy with the support that it needs for as long as it takes,” Powell said.</p>\n<p>“I truly believe that we will emerge from this crisis stronger and better, as we have done so often before,” he said.</p>\n<p>On Wednesday, the Fed recommitted to its easy money policy stance at its latest policy meeting despite a forecast for stronger economic growth and higher inflation this year.</p>\n<p>The Fed chairman did not mention the outlook for inflation in his Friday article . Many on Wall Street are worried that the economy will overheat before the Fed pulls back its easy policy stance.</p>\n<p>Yields on the 10-year Treasury noteTMUBMUSD10Y,1.734%have risen to 1.73% this week after starting the year below 1%.</p>\n<p>Stocks were trading lower on Friday, with the Dow Jones Industrial AverageDJIA,-0.71%down 187 points in mid-morning trading.</p>","source":"market_watch","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>Powell says Fed will keep supporting economy ‘for as long as it takes’</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\">\nPowell says Fed will keep supporting economy ‘for as long as it takes’\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-19 23:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/powell-says-fed-will-keep-supporting-economy-for-as-long-as-it-takes-11616165178?mod=home-page><strong>marketwatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Outlook is brightening, but recovery ‘far from complete,’ Fed chairman says in WSJ op-ed.\n\nFederal Reserve Chairman Jerome Powell on Friday said that while the U.S. economic outlook is “brightening,” ...</p>\n\n<a href=\"https://www.marketwatch.com/story/powell-says-fed-will-keep-supporting-economy-for-as-long-as-it-takes-11616165178?mod=home-page\">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.marketwatch.com/story/powell-says-fed-will-keep-supporting-economy-for-as-long-as-it-takes-11616165178?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1117450855","content_text":"Outlook is brightening, but recovery ‘far from complete,’ Fed chairman says in WSJ op-ed.\n\nFederal Reserve Chairman Jerome Powell on Friday said that while the U.S. economic outlook is “brightening,” the recovery is “far from complete.”\nIn an op-ed published in the Wall Street Journal,Powell recounted the moment last February when he realized that the coronavirus pandemic would sweep across the country.\n“The danger to the U.S. economy was grave. The challenge was to limit the severity and duration of the fallout to avoid longer-run damage,” he said.\nPowell and his colleagues engineered a rapid response to the crisis, based on the lesson learned from slow recovery to the Great Recession of 2008-2009 that swift action might have been better.\nThe central bank quickly slashed its policy interest rate to zero and launched an open-ended asset purchase program known as quantitative easing.\nWith economists penciling in strong growth for 2021 and more Americans getting vaccinated every day, financial markets are wondering how long Fed support will last.\nIn the op-ed, Powell said the situation “is much improved.”\n“But the recovery is far from complete, so at the Fed we will continue to provide the economy with the support that it needs for as long as it takes,” Powell said.\n“I truly believe that we will emerge from this crisis stronger and better, as we have done so often before,” he said.\nOn Wednesday, the Fed recommitted to its easy money policy stance at its latest policy meeting despite a forecast for stronger economic growth and higher inflation this year.\nThe Fed chairman did not mention the outlook for inflation in his Friday article . Many on Wall Street are worried that the economy will overheat before the Fed pulls back its easy policy stance.\nYields on the 10-year Treasury noteTMUBMUSD10Y,1.734%have risen to 1.73% this week after starting the year below 1%.\nStocks were trading lower on Friday, with the Dow Jones Industrial AverageDJIA,-0.71%down 187 points in mid-morning trading.","news_type":1},"isVote":1,"tweetType":1,"viewCount":464,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":327442204,"gmtCreate":1616120104108,"gmtModify":1634527129567,"author":{"id":"3553751084635254","authorId":"3553751084635254","name":"PeopleAction","avatar":"https://static.tigerbbs.com/50b5756d6638c3b8fc7eb475adc1ab9c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553751084635254","authorIdStr":"3553751084635254"},"themes":[],"htmlText":"My jewelry!","listText":"My jewelry!","text":"My jewelry!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/327442204","repostId":"2120716096","repostType":4,"repost":{"id":"2120716096","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1616118742,"share":"https://www.laohu8.com/m/news/2120716096?lang=&edition=full","pubTime":"2021-03-19 09:52","market":"us","language":"en","title":"Gold extends losses as U.S. bond yields firm, dollar rebounds","url":"https://stock-news.laohu8.com/highlight/detail?id=2120716096","media":"Reuters","summary":"March 19 (Reuters) - Gold prices fell on Friday, pressured by a surge in U.S. Treasury yields and a ","content":"<p>March 19 (Reuters) - Gold prices fell on Friday, pressured by a surge in U.S. Treasury yields and a rebound in the dollar, but the metal's jump to a two-week high in the previous session set it on track to record a small weekly gain.</p>\n<p><b>FUNDAMENTALS</b></p>\n<p>Spot gold fell 0.5% to $1,728.63 per ounce by 0121 GMT, after hitting its highest since March 1 in the previous session. U.S. gold futures were down 0.3% at $1,728.00 per ounce.</p>\n<p>The yield on the U.S. 10-year Treasury note on Thursday rose above 1.75% for the first time in 14 months after the Federal Reserve pledged to look past inflation and keep interest rates near 0% until at least 2024.</p>\n<p>Higher yields lift the opportunity cost of holding non-yielding bullion.</p>\n<p>The dollar also climbed, making gold expensive for non-holders of the U.S. currency.</p>\n<p>The number of Americans filing new claims for unemployment benefits unexpectedly rose last week, but the labour market is regaining its footing as an acceleration in the pace of vaccinations leads to more businesses reopening.</p>\n<p>The Bank of England said Britain's economic recovery was gathering pace but policymakers were split over the prospects for longer-term improvement, dampening speculation about a reversal of stimulus.</p>\n<p>The European Central Bank may need some time before the recently agreed acceleration in the pace of money printing, ECB President Christine Lagarde said on Thursday.</p>\n<p>Switzerland in February sent gold to mainland China for the first time since September and shipments to India and Thailand rose to multi-year highs.</p>\n<p>Palladium was little changed at $2,682.68, having risen over 7.3% to its highest since Feb. 28, 2020 on Thursday. Supply concerns emerged after the biggest producer of the metal, Russia's Nornickel Nickel, cut output estimates.</p>\n<p>Silver fell 0.6% to $25.89 and platinum was down 0.7% at $1,198.19.</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>Gold extends losses as U.S. bond yields firm, dollar rebounds</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\">\nGold extends losses as U.S. bond yields firm, dollar rebounds\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-03-19 09:52</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>March 19 (Reuters) - Gold prices fell on Friday, pressured by a surge in U.S. Treasury yields and a rebound in the dollar, but the metal's jump to a two-week high in the previous session set it on track to record a small weekly gain.</p>\n<p><b>FUNDAMENTALS</b></p>\n<p>Spot gold fell 0.5% to $1,728.63 per ounce by 0121 GMT, after hitting its highest since March 1 in the previous session. U.S. gold futures were down 0.3% at $1,728.00 per ounce.</p>\n<p>The yield on the U.S. 10-year Treasury note on Thursday rose above 1.75% for the first time in 14 months after the Federal Reserve pledged to look past inflation and keep interest rates near 0% until at least 2024.</p>\n<p>Higher yields lift the opportunity cost of holding non-yielding bullion.</p>\n<p>The dollar also climbed, making gold expensive for non-holders of the U.S. currency.</p>\n<p>The number of Americans filing new claims for unemployment benefits unexpectedly rose last week, but the labour market is regaining its footing as an acceleration in the pace of vaccinations leads to more businesses reopening.</p>\n<p>The Bank of England said Britain's economic recovery was gathering pace but policymakers were split over the prospects for longer-term improvement, dampening speculation about a reversal of stimulus.</p>\n<p>The European Central Bank may need some time before the recently agreed acceleration in the pace of money printing, ECB President Christine Lagarde said on Thursday.</p>\n<p>Switzerland in February sent gold to mainland China for the first time since September and shipments to India and Thailand rose to multi-year highs.</p>\n<p>Palladium was little changed at $2,682.68, having risen over 7.3% to its highest since Feb. 28, 2020 on Thursday. Supply concerns emerged after the biggest producer of the metal, Russia's Nornickel Nickel, cut output estimates.</p>\n<p>Silver fell 0.6% to $25.89 and platinum was down 0.7% at $1,198.19.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"159934":"黄金ETF","518880":"黄金ETF","GLD":"SPDR黄金ETF","IAU":"黄金信托ETF(iShares)","DUST":"二倍做空黄金矿业指数ETF-Direxion","NUGT":"二倍做多黄金矿业指数ETF-Direxion","GDX":"黄金矿业ETF-VanEck"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2120716096","content_text":"March 19 (Reuters) - Gold prices fell on Friday, pressured by a surge in U.S. Treasury yields and a rebound in the dollar, but the metal's jump to a two-week high in the previous session set it on track to record a small weekly gain.\nFUNDAMENTALS\nSpot gold fell 0.5% to $1,728.63 per ounce by 0121 GMT, after hitting its highest since March 1 in the previous session. U.S. gold futures were down 0.3% at $1,728.00 per ounce.\nThe yield on the U.S. 10-year Treasury note on Thursday rose above 1.75% for the first time in 14 months after the Federal Reserve pledged to look past inflation and keep interest rates near 0% until at least 2024.\nHigher yields lift the opportunity cost of holding non-yielding bullion.\nThe dollar also climbed, making gold expensive for non-holders of the U.S. currency.\nThe number of Americans filing new claims for unemployment benefits unexpectedly rose last week, but the labour market is regaining its footing as an acceleration in the pace of vaccinations leads to more businesses reopening.\nThe Bank of England said Britain's economic recovery was gathering pace but policymakers were split over the prospects for longer-term improvement, dampening speculation about a reversal of stimulus.\nThe European Central Bank may need some time before the recently agreed acceleration in the pace of money printing, ECB President Christine Lagarde said on Thursday.\nSwitzerland in February sent gold to mainland China for the first time since September and shipments to India and Thailand rose to multi-year highs.\nPalladium was little changed at $2,682.68, having risen over 7.3% to its highest since Feb. 28, 2020 on Thursday. Supply concerns emerged after the biggest producer of the metal, Russia's Nornickel Nickel, cut output estimates.\nSilver fell 0.6% to $25.89 and platinum was down 0.7% at $1,198.19.","news_type":1},"isVote":1,"tweetType":1,"viewCount":351,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":322981326,"gmtCreate":1615767383465,"gmtModify":1703492603845,"author":{"id":"3553751084635254","authorId":"3553751084635254","name":"PeopleAction","avatar":"https://static.tigerbbs.com/50b5756d6638c3b8fc7eb475adc1ab9c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553751084635254","authorIdStr":"3553751084635254"},"themes":[],"htmlText":"Interesting! Please like and comment, thanks! Have a good day ahead!","listText":"Interesting! Please like and comment, thanks! Have a good day ahead!","text":"Interesting! Please like and comment, thanks! Have a good day ahead!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/322981326","repostId":"1155155337","repostType":4,"isVote":1,"tweetType":1,"viewCount":329,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":321898913,"gmtCreate":1615419840332,"gmtModify":1703488741489,"author":{"id":"3553751084635254","authorId":"3553751084635254","name":"PeopleAction","avatar":"https://static.tigerbbs.com/50b5756d6638c3b8fc7eb475adc1ab9c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553751084635254","authorIdStr":"3553751084635254"},"themes":[],"htmlText":"Please comment and like my post! Good day to everyone!","listText":"Please comment and like my post! Good day to everyone!","text":"Please comment and like my post! Good day to everyone!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/321898913","repostId":"1117878459","repostType":4,"repost":{"id":"1117878459","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1615387693,"share":"https://www.laohu8.com/m/news/1117878459?lang=&edition=full","pubTime":"2021-03-10 22:48","market":"us","language":"en","title":"EV  Stocks are blazing hot, once again","url":"https://stock-news.laohu8.com/highlight/detail?id=1117878459","media":"老虎资讯综合","summary":"Nio&nbsp;up&nbsp;6.87%,Xpeng Motors&nbsp;up&nbsp;5.61%, Li Auto&nbsp;up&nbsp;4.25%&nbsp;and&nbsp;Tesla&nbsp;up&nbsp;4.41%.","content":"<p>Nio&nbsp;up&nbsp;6.87%,Xpeng Motors&nbsp;up&nbsp;5.61%, Li Auto&nbsp;up&nbsp;4.25%&nbsp;and&nbsp;Tesla&nbsp;up&nbsp;4.41%.</p>\n<p><img src=\"https://static.tigerbbs.com/70b93be4ff8f47a04153fd85595ce8af\" tg-width=\"370\" tg-height=\"234\"></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>EV  Stocks are blazing hot, once again</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; 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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\">\nEV  Stocks are blazing hot, once again\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\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\">老虎资讯综合 </p>\n<p class=\"h-time\">2021-03-10 22:48</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Nio&nbsp;up&nbsp;6.87%,Xpeng Motors&nbsp;up&nbsp;5.61%, Li Auto&nbsp;up&nbsp;4.25%&nbsp;and&nbsp;Tesla&nbsp;up&nbsp;4.41%.</p>\n<p><img src=\"https://static.tigerbbs.com/70b93be4ff8f47a04153fd85595ce8af\" tg-width=\"370\" tg-height=\"234\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","XPEV":"小鹏汽车","NIO":"蔚来","LI":"理想汽车"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1117878459","content_text":"Nio up 6.87%,Xpeng Motors up 5.61%, Li Auto up 4.25% and Tesla up 4.41%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":233,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":387849169,"gmtCreate":1613740363451,"gmtModify":1634552421579,"author":{"id":"3553751084635254","authorId":"3553751084635254","name":"PeopleAction","avatar":"https://static.tigerbbs.com/50b5756d6638c3b8fc7eb475adc1ab9c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553751084635254","authorIdStr":"3553751084635254"},"themes":[],"htmlText":"Buy? Yes or no?","listText":"Buy? Yes or no?","text":"Buy? Yes or no?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/387849169","repostId":"1163973263","repostType":4,"isVote":1,"tweetType":1,"viewCount":194,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":352299044,"gmtCreate":1616976183688,"gmtModify":1634523390238,"author":{"id":"3553751084635254","authorId":"3553751084635254","name":"PeopleAction","avatar":"https://static.tigerbbs.com/50b5756d6638c3b8fc7eb475adc1ab9c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553751084635254","authorIdStr":"3553751084635254"},"themes":[],"htmlText":"Gd morning and have a great week","listText":"Gd morning and have a great week","text":"Gd morning and have a great week","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/352299044","repostId":"1114428323","repostType":4,"repost":{"id":"1114428323","kind":"news","pubTimestamp":1616771427,"share":"https://www.laohu8.com/m/news/1114428323?lang=&edition=full","pubTime":"2021-03-26 23:10","market":"us","language":"en","title":"Top 10 Undervalued Income Stocks For 2021 - Value Beats Growth","url":"https://stock-news.laohu8.com/highlight/detail?id=1114428323","media":"seekingalpha","summary":"At the end of 2020, we showcased a list of 10 undervalued income stocks for 2021. Looking back, we see that the performance, on average, has been great so far.In this report, we examine the reasons for that and will look at whether all 10 are still strong buys today.In some cases, the opportunity is even better now, in others, it may be time to lock in some gains.In the above chart, we see a very clear trend that emerged towards the end of February. The growth-heavy Nasdaq index  started to decl","content":"<p><b>Summary</b></p>\n<ul>\n <li>At the end of 2020, we showcased a list of 10 undervalued income stocks for 2021. Looking back, we see that the performance, on average, has been great so far.</li>\n <li>In this report, we examine the reasons for that and will look at whether all 10 are still strong buys today.</li>\n <li>In some cases, the opportunity is even better now, in others, it may be time to lock in some gains.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b2d4b3c6dfc0c9c3580bdfc40f4151fb\" tg-width=\"1536\" tg-height=\"1025\"><span>Photo by VeranikaSmirnaya/iStock via Getty Images</span></p>\n<p>We wrote an article at the end of December in which we showcased 10 attractive income stocks that traded at inexpensive valuations back then. This resulted in a combination of upside potential and above-average income for investors that bought these stocks at the time. In this article, we will look again at the same ten stocks to see what has changed and whether they are all still attractive at current valuations.</p>\n<p><b>Top 10 Value Picks For Dividend Investors</b></p>\n<p>Our choices in&nbsp;our original article&nbsp;included the following 10 stocks:</p>\n<p>- Bristol-Myers Squibb (BMY) and AbbVie (ABBV) in healthcare</p>\n<p>- MPLX (MPLX) and Enterprise Products (EPD) in energy</p>\n<p>- Prudential (PRU) and Citigroup (C) in financials</p>\n<p>- Simon Property Group (SPG) and W. P. Carey (WPC) in real estate</p>\n<p>- AT&amp;T (T) in telecommunication</p>\n<p>- Intel (INTC) in tech</p>\n<p>Looking back one quarter later, we see that shares have performed like this:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/efdd2ae3235c94c5e041ed4f3925d561\" tg-width=\"635\" tg-height=\"555\"><span>Data by YCharts</span></p>\n<p>Year-to-date, they delivered an average return of 12% and a median return of 15%. Contrast this with the year-to-date return of 3% that was delivered by the S&amp;P 500 index (SPY), and we see that our picks clearly outperformed the broad market, delivering 4-5 times the performance enjoyed by those that put their money into the index.</p>\n<p><b>2020 Versus 2021: Growth Versus Value</b></p>\n<p>This was, I believe, partially the result of investing in high-yielding stocks that traded at very inexpensive valuations and were thus undervalued, but the portfolio also benefited from an overall shift in the market's focus.</p>\n<p>2020 was the year of growth stocks, which saw many \"growthy\" tech names generate very attractive gains. The same could be said about EV stocks, renewable stocks, etc., which all flourished last year thanks to an appetite for growth stocks and unprecedented monetary stimulus. In 2021, that has changed to some degree:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5a81cfc9a5d54fce53409f7ea5cd0975\" tg-width=\"635\" tg-height=\"470\"><span>Data by YCharts</span></p>\n<p>In the above chart, we see a very clear trend that emerged towards the end of February. The growth-heavy Nasdaq index (NASDAQ:QQQ) started to decline, underperforming the S&amp;P 500 index this year, whereas the less techy, less growth-focused Dow Jones index (NYSEARCA:DIA) has beaten the S&amp;P 500 so far in 2021. Looking at two ETFs that focus on either Value (VTV) or Growth(NYSEARCA:VUG), we see that the value theme clearly has been the winner so far this year, beating all three indexes, whereas the growth-themed ETF is down this year. The good news is that our basket of stocks still easily outperformed the Value ETF, which shows that we seem to have at least some skill when it comes to picking individual stocks (or maybe we got lucky).</p>\n<p><b>Are Those 10 Still Great Buys Today?</b></p>\n<p>Since some of these stocks have moved so much already in the first three months, they may not all be an opportune buy any longer, which is why we will take a quick look at all ten individually.</p>\n<p><b>1. AbbVie</b></p>\n<p>AbbVie was one of our two healthcare picks in the original article. The company combines many positives, including an above-average yield, a low valuation, and steady growth even during the pandemic. AbbVie's most recent quarterly results showcase its outstanding resilience during the current crisis: The company managed to grow its revenues across its portfolio, with Humira, Imbruvica, and its new drugs Skyrizi and Rinvoq&nbsp;showing&nbsp;a strong performance.</p>\n<p>Even better, the company guided earnings above consensus, forecasting earnings per share of $12.40 for the current year. Relative to its share price of $103, this means that shares got even cheaper since our December article, they are now trading for just 8.3 times forward earnings. In short, there is nothing not to like, and I believe that 5.1%-yielding AbbVie is a&nbsp;strong buy.</p>\n<p><b>2. Bristol-Myers Squibb</b></p>\n<p>Bristol-Myers is the other healthcare pick in our original list. Like AbbVie, its shares were very inexpensive in December, and like AbbVie, it has continued to deliver strong operational results. Its most recent quarterly update included a 39% revenue growth rate compared to the previous year's quarter. This was impacted by one-time items from the Celgene takeover, but even adjusted for that, revenue growth came in at a strong 10% year over year.</p>\n<p>Like AbbVie, Bristol-Myers has also increased its earnings per share guidance for 2021, now forecasting profits of ~$7.30&nbsp;per share. Since shares are essentially flat since the beginning of the year, investors get an even better deal right now in terms of Bristol-Myers' valuation, which stands at 8.3 times net profits right now. Bristol-Myers is also one of the stocks Berkshire Hathaway (BRK.A)(BRK.B)&nbsp;has continued to add to&nbsp;in the most recent quarter, which indicates that this is indeed a strong pick for value investors.</p>\n<p><b>3. MPLX</b></p>\n<p>MPLX is a natural gas midstream player that offered a great income yield in December, at almost 13%. On top of that, shares were very inexpensive, trading at a distributable cash flow yield of almost 19%.</p>\n<p>Like many other energy-related names, MPLX has performed very well in Q1, delivering a performance of almost 20% in three months. Nevertheless, shares are not at all expensive, trading at a single-digit<i>earnings</i>multiple - even though earnings are generally a lot lower than cash flows for pipeline companies due to non-cash depreciation charges. Management believes that the company will have ample surplus cash this year, even after making its hefty dividend payments.</p>\n<p>Its CEO stated that shares are undervalued and that the company will likely do&nbsp;buybacks&nbsp;this year, which is a major positive. This will not only be highly accretive thanks to the low valuation shares are trading at, but should also further support the price. Shares are a less outstanding buy compared to December (or&nbsp;earlier in 2020), but they still look very compelling, we believe. They also still offer a very attractive dividend yield of 11% at today's price.</p>\n<p><b>4. Enterprise Products</b></p>\n<p>Like MPLX, Enterprise Products has performed well so far this year, on the back of enthusiasm for energy-related names. Its profits and cash flows are not really tied to the price of oil, but the market still bid up shares in recent months. The same had been true in 2020 when shares were sold off in tandem with other energy names, even though Enterprise Products' cash flows were not really impacted by lower oil prices.</p>\n<p>Shares are up by double-digits so far this year, but Enterprise Products' shares are not at all expensive. Considering that shares are trading at just around 7 times this year's distributable cash flows, while shares offer a dividend yield of 8.1%, makes us believe that this is still a strong pick for income investors. The fact that management has been buying back shares is another tailwind that could gain relevance as growth spending slows down, which should free up more money for buybacks going forward. We thus&nbsp;still like Enterprise Products&nbsp;as a high-quality midstream company at current prices.</p>\n<p><b>5. Prudential Financial</b></p>\n<p>This insurer has had a very solid 2020 and seeks to generate even stronger profits this year. Shares are up by double-digits so far this year but do not look expensive. With current forecasts seeing the company earn about $11.50 per share this year, and even more next year, shares trade at a ~8 times forward earnings multiple right now. The company continues to reward shareholders handsomely, as Prudential has raised its dividend by 5% in February.</p>\n<p>At current prices, the stock yields 5.1%, which is quite attractive in a low-yield world. Management plans to return a total of $10 billion to the company's owners through 2023, which equates to shareholder returns in the 10% range. Investors can thus count on more dividend increases down the road, coupled with some buybacks that will be quite accretive as long as shares continue to trade at an inexpensive valuation. Shares were a better buy in December, but they still look solid today.</p>\n<p><b>6. Citigroup</b></p>\n<p>Citigroup was the only bank on our list, and I mainly chose it over peers due to its below-average valuation and above-average dividend yield. 2021 has been great for bank stocks so far, due to an overall shift to value stocks, combined with rising interest spreads that are beneficial for banks' earnings.</p>\n<p>Shares rose by double-digits so far this year, hitting a high of $76 about two weeks ago. At that price, shares were trading above tangible book value, which stands at $73.80 right now, which is why I sold part of my position in the mid-$70s. Nevertheless, I did not sell my entire stake, as I feel that shares could rise above that level at some point in 2021, even though they have pulled back a little for now.</p>\n<p>The fact that banks are allowed to return more capital to their owners this year could become a catalyst for share price gains in 2021, as Citigroup will likely seek to increase its dividend and ramp up share repurchases. Trading marginally below tangible book value and at around 10 times this year's earnings, Citigroup is not at all expensive, although also not an absolute bargain any longer. I am moderately bullish, but wouldn't buy more at current valuations.</p>\n<p><b>7. Simon Property</b></p>\n<p>Simon Property is the leading mall player in the US, especially following the close of its acquisition of Taubman. The company had a harsh 2020, but its assets will, we believe, remain in use for a long time. High-quality malls in major metropolitan areas will not lose their value due to online shopping, as retail space can be used for more experimental retail, restaurants, bars, co-working spaces, hotels, and so on.</p>\n<p>This was our thesis throughout 2020, which is why we were very bullish on the stock when it traded at ultra-low valuations last year. In 2021, shares have, so far, returned almost 30%, as the market is increasingly realizing that the pandemic was not the end for high-quality retail real estate such as the properties that Simon Property owns. Shares breached $120 earlier in March but have pulled back a little for now.</p>\n<p>Trading at ~11 times this year's FFO, Simon Property is not an absolute bargain stock any longer. I personally believe that shares will rise back towards pre-crisis levels of $150+ eventually, but that may take some time, and there is not necessarily massive upside left in 2021. I continue to hold my Simon Property position and am bullish with a long-term view, but the best time to add this stock wasin 2020 when it traded at double-digits.</p>\n<p><b>8. W. P. Carey</b></p>\n<p>Unlike Simon Property, W. P. Carey has not risen a lot this year. Instead, shares are down slightly, potentially due to the fact that real estate investors moved towards more cyclical picks in the sector for the reopening trade. W. P. Carey is a rock-solid, low-risk income stock that offers a yield of 6.0% right here and that trades at 15 times forward FFO. This is an above-average valuation compared to the other stocks in this list, but that seems justified based on the fact that W. P. Carey has always traded at higher valuations than most of these stocks.</p>\n<p>As income investors can still not generate attractive yields from bonds, they will, I believe, eventually flock back towards low-risk REITs such as W. P. Carey or Realty Income (O), which could propel shares of these companies back to pre-crisis levels. In W. P. Carey's case, they traded at around $90 before the pandemic, which equates to a yield of around 4.5%. A recovery to that level does not seem unrealistic, I believe, which is why I continue to see W. P. Carey as a moderate-return, low-risk stock, which makes it attractive from a risk-to-reward perspective.</p>\n<p><b>9. AT&amp;T</b></p>\n<p>AT&amp;T remains a battleground stock, with bulls touting the undervaluation and potential in streaming, while bears focus on the high debt load. We do not see AT&amp;T as an extremely-high-quality pick, but the company's shares offer a solid yield of almost 7% and current management seems to have the right focus. Plans to monetize non-core assets, including DirecTV, are great, and the company plans to deleverage meaningfully over the coming years. AT&amp;T is not a high-growth company and will not turn into one, but the fact that the performance of HBO Max has&nbsp;beaten management's expectations&nbsp;is a positive for sure. At less than 10 times net profits, AT&amp;T remains quite inexpensive and if management executes on its plans, shares could deliver quite solid returns over the coming years.</p>\n<p><b>10. Intel</b></p>\n<p>Intel is a somewhat weird stock - the company executes well and grows steadily, but its shares see big swings up and down depending on whether investors are focusing on positive news items or negative news items at the moment. So far this year, they seem to do the prior, as shares have risen by 25% in just three months. This can't be explained by the underlying operational performance, which has been solid but didn't include growth of 20%+. Instead, the market is currently liking Intel's stock based on recent news such as a new CEO and plans to invest heavily to grow production capacity.</p>\n<p>I think the best time to buy Intel's shares is when the market is&nbsp;focusing on the bad news, whereas one may want to lock in gains when shares are trading at the top end of the recent valuation range. At 13.5 times forward earnings, Intel's shares trade at a premium to the median earnings multiple they have traded at over the last couple of years, thus I wouldn't buy here. Instead, locking in gains in the high $60s seemed like an opportune choice. I wouldn't be too surprised if shares fell back towards the mid-$50s or lower at some point during this year.</p>\n<p><b>Takeaway</b></p>\n<p>Our picks for 2020 have done very well so far, easily beating the market and even purely value-focused ETFs. However, not all of these stocks are necessarily still a great buy. I personally wouldn't buy Intel now, as the stock has already delivered easily more than 20% this year, and is trading at the higher end of the recent valuation range. On the other hand, some of our picks, such as AbbVie or W. P. Carey, are still priced very favorably and may even be a better buy right now compared to the beginning of the year.</p>\n<p>We welcome you to share your comments on the above stocks, as well as your picks for the remainder of 2021!</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>Top 10 Undervalued Income Stocks For 2021 - Value Beats Growth</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\">\nTop 10 Undervalued Income Stocks For 2021 - Value Beats Growth\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-26 23:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4416178-top-10-undervalued-income-stocks-for-2021-value-beats-growth><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nAt the end of 2020, we showcased a list of 10 undervalued income stocks for 2021. Looking back, we see that the performance, on average, has been great so far.\nIn this report, we examine the ...</p>\n\n<a href=\"https://seekingalpha.com/article/4416178-top-10-undervalued-income-stocks-for-2021-value-beats-growth\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PFH":"Prudential Financial Inc","BMY":"施贵宝","EPD":"Enterprise Products Partners L.P","ABBV":"艾伯维公司","SPG":"西蒙地产","T":"美国电话电报","MPLX":"MPLX LP","INTC":"英特尔","C":"花旗","WPC":"W. P. Carey Inc"},"source_url":"https://seekingalpha.com/article/4416178-top-10-undervalued-income-stocks-for-2021-value-beats-growth","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1114428323","content_text":"Summary\n\nAt the end of 2020, we showcased a list of 10 undervalued income stocks for 2021. Looking back, we see that the performance, on average, has been great so far.\nIn this report, we examine the reasons for that and will look at whether all 10 are still strong buys today.\nIn some cases, the opportunity is even better now, in others, it may be time to lock in some gains.\n\nPhoto by VeranikaSmirnaya/iStock via Getty Images\nWe wrote an article at the end of December in which we showcased 10 attractive income stocks that traded at inexpensive valuations back then. This resulted in a combination of upside potential and above-average income for investors that bought these stocks at the time. In this article, we will look again at the same ten stocks to see what has changed and whether they are all still attractive at current valuations.\nTop 10 Value Picks For Dividend Investors\nOur choices in our original article included the following 10 stocks:\n- Bristol-Myers Squibb (BMY) and AbbVie (ABBV) in healthcare\n- MPLX (MPLX) and Enterprise Products (EPD) in energy\n- Prudential (PRU) and Citigroup (C) in financials\n- Simon Property Group (SPG) and W. P. Carey (WPC) in real estate\n- AT&T (T) in telecommunication\n- Intel (INTC) in tech\nLooking back one quarter later, we see that shares have performed like this:\nData by YCharts\nYear-to-date, they delivered an average return of 12% and a median return of 15%. Contrast this with the year-to-date return of 3% that was delivered by the S&P 500 index (SPY), and we see that our picks clearly outperformed the broad market, delivering 4-5 times the performance enjoyed by those that put their money into the index.\n2020 Versus 2021: Growth Versus Value\nThis was, I believe, partially the result of investing in high-yielding stocks that traded at very inexpensive valuations and were thus undervalued, but the portfolio also benefited from an overall shift in the market's focus.\n2020 was the year of growth stocks, which saw many \"growthy\" tech names generate very attractive gains. The same could be said about EV stocks, renewable stocks, etc., which all flourished last year thanks to an appetite for growth stocks and unprecedented monetary stimulus. In 2021, that has changed to some degree:\nData by YCharts\nIn the above chart, we see a very clear trend that emerged towards the end of February. The growth-heavy Nasdaq index (NASDAQ:QQQ) started to decline, underperforming the S&P 500 index this year, whereas the less techy, less growth-focused Dow Jones index (NYSEARCA:DIA) has beaten the S&P 500 so far in 2021. Looking at two ETFs that focus on either Value (VTV) or Growth(NYSEARCA:VUG), we see that the value theme clearly has been the winner so far this year, beating all three indexes, whereas the growth-themed ETF is down this year. The good news is that our basket of stocks still easily outperformed the Value ETF, which shows that we seem to have at least some skill when it comes to picking individual stocks (or maybe we got lucky).\nAre Those 10 Still Great Buys Today?\nSince some of these stocks have moved so much already in the first three months, they may not all be an opportune buy any longer, which is why we will take a quick look at all ten individually.\n1. AbbVie\nAbbVie was one of our two healthcare picks in the original article. The company combines many positives, including an above-average yield, a low valuation, and steady growth even during the pandemic. AbbVie's most recent quarterly results showcase its outstanding resilience during the current crisis: The company managed to grow its revenues across its portfolio, with Humira, Imbruvica, and its new drugs Skyrizi and Rinvoq showing a strong performance.\nEven better, the company guided earnings above consensus, forecasting earnings per share of $12.40 for the current year. Relative to its share price of $103, this means that shares got even cheaper since our December article, they are now trading for just 8.3 times forward earnings. In short, there is nothing not to like, and I believe that 5.1%-yielding AbbVie is a strong buy.\n2. Bristol-Myers Squibb\nBristol-Myers is the other healthcare pick in our original list. Like AbbVie, its shares were very inexpensive in December, and like AbbVie, it has continued to deliver strong operational results. Its most recent quarterly update included a 39% revenue growth rate compared to the previous year's quarter. This was impacted by one-time items from the Celgene takeover, but even adjusted for that, revenue growth came in at a strong 10% year over year.\nLike AbbVie, Bristol-Myers has also increased its earnings per share guidance for 2021, now forecasting profits of ~$7.30 per share. Since shares are essentially flat since the beginning of the year, investors get an even better deal right now in terms of Bristol-Myers' valuation, which stands at 8.3 times net profits right now. Bristol-Myers is also one of the stocks Berkshire Hathaway (BRK.A)(BRK.B) has continued to add to in the most recent quarter, which indicates that this is indeed a strong pick for value investors.\n3. MPLX\nMPLX is a natural gas midstream player that offered a great income yield in December, at almost 13%. On top of that, shares were very inexpensive, trading at a distributable cash flow yield of almost 19%.\nLike many other energy-related names, MPLX has performed very well in Q1, delivering a performance of almost 20% in three months. Nevertheless, shares are not at all expensive, trading at a single-digitearningsmultiple - even though earnings are generally a lot lower than cash flows for pipeline companies due to non-cash depreciation charges. Management believes that the company will have ample surplus cash this year, even after making its hefty dividend payments.\nIts CEO stated that shares are undervalued and that the company will likely do buybacks this year, which is a major positive. This will not only be highly accretive thanks to the low valuation shares are trading at, but should also further support the price. Shares are a less outstanding buy compared to December (or earlier in 2020), but they still look very compelling, we believe. They also still offer a very attractive dividend yield of 11% at today's price.\n4. Enterprise Products\nLike MPLX, Enterprise Products has performed well so far this year, on the back of enthusiasm for energy-related names. Its profits and cash flows are not really tied to the price of oil, but the market still bid up shares in recent months. The same had been true in 2020 when shares were sold off in tandem with other energy names, even though Enterprise Products' cash flows were not really impacted by lower oil prices.\nShares are up by double-digits so far this year, but Enterprise Products' shares are not at all expensive. Considering that shares are trading at just around 7 times this year's distributable cash flows, while shares offer a dividend yield of 8.1%, makes us believe that this is still a strong pick for income investors. The fact that management has been buying back shares is another tailwind that could gain relevance as growth spending slows down, which should free up more money for buybacks going forward. We thus still like Enterprise Products as a high-quality midstream company at current prices.\n5. Prudential Financial\nThis insurer has had a very solid 2020 and seeks to generate even stronger profits this year. Shares are up by double-digits so far this year but do not look expensive. With current forecasts seeing the company earn about $11.50 per share this year, and even more next year, shares trade at a ~8 times forward earnings multiple right now. The company continues to reward shareholders handsomely, as Prudential has raised its dividend by 5% in February.\nAt current prices, the stock yields 5.1%, which is quite attractive in a low-yield world. Management plans to return a total of $10 billion to the company's owners through 2023, which equates to shareholder returns in the 10% range. Investors can thus count on more dividend increases down the road, coupled with some buybacks that will be quite accretive as long as shares continue to trade at an inexpensive valuation. Shares were a better buy in December, but they still look solid today.\n6. Citigroup\nCitigroup was the only bank on our list, and I mainly chose it over peers due to its below-average valuation and above-average dividend yield. 2021 has been great for bank stocks so far, due to an overall shift to value stocks, combined with rising interest spreads that are beneficial for banks' earnings.\nShares rose by double-digits so far this year, hitting a high of $76 about two weeks ago. At that price, shares were trading above tangible book value, which stands at $73.80 right now, which is why I sold part of my position in the mid-$70s. Nevertheless, I did not sell my entire stake, as I feel that shares could rise above that level at some point in 2021, even though they have pulled back a little for now.\nThe fact that banks are allowed to return more capital to their owners this year could become a catalyst for share price gains in 2021, as Citigroup will likely seek to increase its dividend and ramp up share repurchases. Trading marginally below tangible book value and at around 10 times this year's earnings, Citigroup is not at all expensive, although also not an absolute bargain any longer. I am moderately bullish, but wouldn't buy more at current valuations.\n7. Simon Property\nSimon Property is the leading mall player in the US, especially following the close of its acquisition of Taubman. The company had a harsh 2020, but its assets will, we believe, remain in use for a long time. High-quality malls in major metropolitan areas will not lose their value due to online shopping, as retail space can be used for more experimental retail, restaurants, bars, co-working spaces, hotels, and so on.\nThis was our thesis throughout 2020, which is why we were very bullish on the stock when it traded at ultra-low valuations last year. In 2021, shares have, so far, returned almost 30%, as the market is increasingly realizing that the pandemic was not the end for high-quality retail real estate such as the properties that Simon Property owns. Shares breached $120 earlier in March but have pulled back a little for now.\nTrading at ~11 times this year's FFO, Simon Property is not an absolute bargain stock any longer. I personally believe that shares will rise back towards pre-crisis levels of $150+ eventually, but that may take some time, and there is not necessarily massive upside left in 2021. I continue to hold my Simon Property position and am bullish with a long-term view, but the best time to add this stock wasin 2020 when it traded at double-digits.\n8. W. P. Carey\nUnlike Simon Property, W. P. Carey has not risen a lot this year. Instead, shares are down slightly, potentially due to the fact that real estate investors moved towards more cyclical picks in the sector for the reopening trade. W. P. Carey is a rock-solid, low-risk income stock that offers a yield of 6.0% right here and that trades at 15 times forward FFO. This is an above-average valuation compared to the other stocks in this list, but that seems justified based on the fact that W. P. Carey has always traded at higher valuations than most of these stocks.\nAs income investors can still not generate attractive yields from bonds, they will, I believe, eventually flock back towards low-risk REITs such as W. P. Carey or Realty Income (O), which could propel shares of these companies back to pre-crisis levels. In W. P. Carey's case, they traded at around $90 before the pandemic, which equates to a yield of around 4.5%. A recovery to that level does not seem unrealistic, I believe, which is why I continue to see W. P. Carey as a moderate-return, low-risk stock, which makes it attractive from a risk-to-reward perspective.\n9. AT&T\nAT&T remains a battleground stock, with bulls touting the undervaluation and potential in streaming, while bears focus on the high debt load. We do not see AT&T as an extremely-high-quality pick, but the company's shares offer a solid yield of almost 7% and current management seems to have the right focus. Plans to monetize non-core assets, including DirecTV, are great, and the company plans to deleverage meaningfully over the coming years. AT&T is not a high-growth company and will not turn into one, but the fact that the performance of HBO Max has beaten management's expectations is a positive for sure. At less than 10 times net profits, AT&T remains quite inexpensive and if management executes on its plans, shares could deliver quite solid returns over the coming years.\n10. Intel\nIntel is a somewhat weird stock - the company executes well and grows steadily, but its shares see big swings up and down depending on whether investors are focusing on positive news items or negative news items at the moment. So far this year, they seem to do the prior, as shares have risen by 25% in just three months. This can't be explained by the underlying operational performance, which has been solid but didn't include growth of 20%+. Instead, the market is currently liking Intel's stock based on recent news such as a new CEO and plans to invest heavily to grow production capacity.\nI think the best time to buy Intel's shares is when the market is focusing on the bad news, whereas one may want to lock in gains when shares are trading at the top end of the recent valuation range. At 13.5 times forward earnings, Intel's shares trade at a premium to the median earnings multiple they have traded at over the last couple of years, thus I wouldn't buy here. Instead, locking in gains in the high $60s seemed like an opportune choice. I wouldn't be too surprised if shares fell back towards the mid-$50s or lower at some point during this year.\nTakeaway\nOur picks for 2020 have done very well so far, easily beating the market and even purely value-focused ETFs. However, not all of these stocks are necessarily still a great buy. I personally wouldn't buy Intel now, as the stock has already delivered easily more than 20% this year, and is trading at the higher end of the recent valuation range. On the other hand, some of our picks, such as AbbVie or W. P. Carey, are still priced very favorably and may even be a better buy right now compared to the beginning of the year.\nWe welcome you to share your comments on the above stocks, as well as your picks for the remainder of 2021!","news_type":1},"isVote":1,"tweetType":1,"viewCount":617,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":353958054,"gmtCreate":1616457476778,"gmtModify":1634525763013,"author":{"id":"3553751084635254","authorId":"3553751084635254","name":"PeopleAction","avatar":"https://static.tigerbbs.com/50b5756d6638c3b8fc7eb475adc1ab9c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553751084635254","authorIdStr":"3553751084635254"},"themes":[],"htmlText":"棒棒","listText":"棒棒","text":"棒棒","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/353958054","repostId":"2121722120","repostType":4,"repost":{"id":"2121722120","kind":"highlight","pubTimestamp":1616427519,"share":"https://www.laohu8.com/m/news/2121722120?lang=&edition=full","pubTime":"2021-03-22 23:38","market":"us","language":"en","title":"Apple and Amazon prices make sense and more signs from Goldman Sachs that stocks aren’t in a bubble","url":"https://stock-news.laohu8.com/highlight/detail?id=2121722120","media":"MarketWatch","summary":"The bull rally in stocks continues to paw at the dirt, with both the Dow and S&P 500 indexes charging to new highs last week and momentum set to continue into the week ahead.And worries of a bubble are blowing. Earlier this month,China’s top banking regulator warned that Wall Street assets were trading at such high levels that they are bound to correct.But stocks aren’t in a bubble, according to Goldman Sachs.In ourcall of the day, analysts led by Peter Oppenheimer outline nine key characteristi","content":"<p>The bull rally in stocks continues to paw at the dirt, with both the Dow and S&amp;P 500 indexes charging to new highs last week and momentum set to continue into the week ahead.</p><p>And worries of a bubble are blowing. Earlier this month,China’s top banking regulator warned&nbsp;that Wall Street assets were trading at such high levels that they are bound to correct.</p><p>But stocks aren’t in a bubble, according to Goldman Sachs.In our<b>call of the day</b>, analysts led by Peter Oppenheimer outline nine key characteristics of historic bubbles and discuss how they don’t match the current market environment.</p><p>The investment bank defines a stock market bubble as a “rapid acceleration in prices and valuations that makes an unrealistic claim on future growth and returns.”</p><p>Goldman Sachs’ study is based on historical stock bubbles, including the “Tulip Mania” in the Netherlands in the 1630s, the 1873 “Railway Bubble” in the U.S., and the 1990s global technology bubble.</p><p><img src=\"https://static.tigerbbs.com/4ffa2f713ef154b59609e6052850d34b\" tg-width=\"620\" tg-height=\"488\" referrerpolicy=\"no-referrer\"></p><p>One of the key hallmarks of bubbles is excessive price appreciation and extreme valuations. And while the investment bank acknowledges “pockets of exuberance,” and some excessive price rises in U.S. equities, the analysts argue that it doesn’t necessarily mean that a broader and “systemically dangerous” bubble is forming. The recent rise in the S&amp;P 500 index, and particularly in the technology sector, is impressive but not extreme, the analysts say.</p><p>Similarly, another bubble telltale is the idea that “this time is different,” with a narrative that justifies new ways of valuing companies. But, the Goldman Sachs analysts argue, this time isn’t different, and the main argument supporting higher prices right now is mainstream: Interest rates are low.</p><p><img src=\"https://static.tigerbbs.com/b1518c976cd1ec82e47b88facfa75002\" tg-width=\"620\" tg-height=\"475\" referrerpolicy=\"no-referrer\"></p><p>Past bubbles have often included excitement around a particular sector leading to market concentration. And it is true that the group of FAAMG stocks — Facebook,Apple,Amazon,Microsoft,and Google, owned by Alphabet— representing Big Tech has come to dominate indexes and investor attention.</p><p>But the analysts argue that not only is this representative of a transformative period in technology, but the fundamentals back these companies up. The groups are highly cash-generative, and metrics like earnings per share in Big Tech and other retail investor favorites “have significantly outstripped those of the rest of the market.”</p><p>The investment bank also finds that while the current market has some characteristics of bubbles, like frantic speculation, easy credit and rising leverage, booming corporate activity, and “new era” narrative driving a tech boom, these factors were mitigated by forces including regulation and stability in the wider market. We’re also not late in an economic cycle and widespread accounting scandals haven’t come to light — these are other critical markers of bubbles.</p><p>Goldman Sachs’ findings are summarized in the table below:</p><p><img src=\"https://static.tigerbbs.com/b6c059e67f6c05885c8f108b15cc5595\" tg-width=\"620\" tg-height=\"158\" referrerpolicy=\"no-referrer\"></p><p>The analysts conclude: “While there are pockets of excessive valuations in equities, and parts of the market are justifiably derating as interest rates adjust, in our assessment only a few of these common characteristics are currently present or being partially met.”</p><p>According to Goldman Sachs, the risks of an imminent bubble “with systemic risks to the financial system and economies” is relatively low.</p>","source":"market_watch","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 and Amazon prices make sense and more signs from Goldman Sachs that stocks aren’t in a bubble</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 and Amazon prices make sense and more signs from Goldman Sachs that stocks aren’t in a bubble\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-22 23:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/apple-and-amazon-prices-make-sense-and-more-signs-from-goldman-sachs-that-stocks-arent-in-a-bubble-11616412469?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The bull rally in stocks continues to paw at the dirt, with both the Dow and S&P 500 indexes charging to new highs last week and momentum set to continue into the week ahead.And worries of a bubble ...</p>\n\n<a href=\"https://www.marketwatch.com/story/apple-and-amazon-prices-make-sense-and-more-signs-from-goldman-sachs-that-stocks-arent-in-a-bubble-11616412469?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","MSFT":"微软",".DJI":"道琼斯","GOOG":"谷歌",".SPX":"S&P 500 Index","03086":"华夏纳指","09086":"华夏纳指-U","GOOGL":"谷歌A","GS":"高盛","QNETCN":"纳斯达克中美互联网老虎指数"},"source_url":"https://www.marketwatch.com/story/apple-and-amazon-prices-make-sense-and-more-signs-from-goldman-sachs-that-stocks-arent-in-a-bubble-11616412469?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"2121722120","content_text":"The bull rally in stocks continues to paw at the dirt, with both the Dow and S&P 500 indexes charging to new highs last week and momentum set to continue into the week ahead.And worries of a bubble are blowing. Earlier this month,China’s top banking regulator warned that Wall Street assets were trading at such high levels that they are bound to correct.But stocks aren’t in a bubble, according to Goldman Sachs.In ourcall of the day, analysts led by Peter Oppenheimer outline nine key characteristics of historic bubbles and discuss how they don’t match the current market environment.The investment bank defines a stock market bubble as a “rapid acceleration in prices and valuations that makes an unrealistic claim on future growth and returns.”Goldman Sachs’ study is based on historical stock bubbles, including the “Tulip Mania” in the Netherlands in the 1630s, the 1873 “Railway Bubble” in the U.S., and the 1990s global technology bubble.One of the key hallmarks of bubbles is excessive price appreciation and extreme valuations. And while the investment bank acknowledges “pockets of exuberance,” and some excessive price rises in U.S. equities, the analysts argue that it doesn’t necessarily mean that a broader and “systemically dangerous” bubble is forming. The recent rise in the S&P 500 index, and particularly in the technology sector, is impressive but not extreme, the analysts say.Similarly, another bubble telltale is the idea that “this time is different,” with a narrative that justifies new ways of valuing companies. But, the Goldman Sachs analysts argue, this time isn’t different, and the main argument supporting higher prices right now is mainstream: Interest rates are low.Past bubbles have often included excitement around a particular sector leading to market concentration. And it is true that the group of FAAMG stocks — Facebook,Apple,Amazon,Microsoft,and Google, owned by Alphabet— representing Big Tech has come to dominate indexes and investor attention.But the analysts argue that not only is this representative of a transformative period in technology, but the fundamentals back these companies up. The groups are highly cash-generative, and metrics like earnings per share in Big Tech and other retail investor favorites “have significantly outstripped those of the rest of the market.”The investment bank also finds that while the current market has some characteristics of bubbles, like frantic speculation, easy credit and rising leverage, booming corporate activity, and “new era” narrative driving a tech boom, these factors were mitigated by forces including regulation and stability in the wider market. We’re also not late in an economic cycle and widespread accounting scandals haven’t come to light — these are other critical markers of bubbles.Goldman Sachs’ findings are summarized in the table below:The analysts conclude: “While there are pockets of excessive valuations in equities, and parts of the market are justifiably derating as interest rates adjust, in our assessment only a few of these common characteristics are currently present or being partially met.”According to Goldman Sachs, the risks of an imminent bubble “with systemic risks to the financial system and economies” is relatively low.","news_type":1},"isVote":1,"tweetType":1,"viewCount":982,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":363028959,"gmtCreate":1614084875471,"gmtModify":1634551244694,"author":{"id":"3553751084635254","authorId":"3553751084635254","name":"PeopleAction","avatar":"https://static.tigerbbs.com/50b5756d6638c3b8fc7eb475adc1ab9c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553751084635254","authorIdStr":"3553751084635254"},"themes":[],"htmlText":"Interesting article","listText":"Interesting article","text":"Interesting article","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/363028959","repostId":"1107213324","repostType":4,"repost":{"id":"1107213324","kind":"news","pubTimestamp":1614076514,"share":"https://www.laohu8.com/m/news/1107213324?lang=&edition=full","pubTime":"2021-02-23 18:35","market":"us","language":"en","title":"Can the bull market in stocks survive rising inflation, bond yields? Here’s what history says","url":"https://stock-news.laohu8.com/highlight/detail?id=1107213324","media":"MarketWatch","summary":"Tech, consumer discretionary and cyclical sectors historically outperform: Raymond JamesRising Treas","content":"<p>Tech, consumer discretionary and cyclical sectors historically outperform: Raymond James</p><p>Rising Treasury yields are sending shivers through the stock market, particularly for highflying tech-related stocks. But history shows that when yields are rising “for the right reasons,” tech shares and cyclically sensitive stocks tend to thrive, according to Raymond James.</p><p>The right reasons are “improving economic growth and a ‘healthy’ rise in inflation,” said Larry Adam, chief investment officer for the private client group at Raymond James, in a weekend note. And those reasons have driven the yield on the 10-year Treasury note&nbsp;to just shy of 1.4%, or&nbsp;about their highest&nbsp;in a year. Yields also are coming off their largest weekly rise in six weeks.</p><p>Adam highlighted the chart below, which breaks down the average annualized performance of each of the S&amp;P 500’s 11 sectors and the percentage of time each sector outperforms the S&amp;P 500 in a rising rate environment.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/79c934a97bed5bf56c97af1767cd874e\" tg-width=\"1260\" tg-height=\"564\" referrerpolicy=\"no-referrer\"><span>RAYMOND JAMES</span></p><p>“Since 1990, during rising rate environments, the more cyclical sectors have outperformed,” Adam noted. “The average annualized outperformance relative to the S&amp;P 500 and the percentage of time it outperforms the S&amp;P 500 is largest for the tech, consumer discretionary and industrials sectors — three of our preferred sectors,” while higher dividend-yielding sectors like utilities, real estate and consumer staples tend to underperform.</p><p>Stocks wereputting in a mixed performanceon Monday, with the Nasdaq-100,down 2.6%, and the Nasdaq Composite,down 2.5%, suffering the steepest declines. Both are tilted toward large-cap, tech-oriented stocks.</p><p>The Dow Jones Industrial Average&nbsp;was positive, while the S&amp;P 500&nbsp;was off 0.8%.</p><p>The rise in yields is being blamed in large part on expectations for a potential surge in inflation thanks to ramped up government spending and ultraloose monetary policy. Fears that the Federal Reserve could move to begin withdrawing some liquidity sooner than anticipated is seen helping to unsettle stocks, analysts said.</p><p>But Adam argued that inflation not only is unlikely to “short circuit” the rally, it may be a welcome development for stock-market bulls.</p><p>“When analyzing how the S&amp;P 500 performed under varying levels of core inflation, equities performed above-average in an environment where core inflation was between 1-4%,” he wrote.</p><p>Inflation at those levels is generally considered healthy when it coincides with improving economic activity, Adam said. The reason is because companies have pricing power, allowing them to lift prices, while also reaping the benefits from productivity gains, which helps to boost earnings growth.</p><p>Raymond James expects core inflation to be around 2%. Adam said that when core inflation runs between 1% and 3%, the average performance relative to the S&amp;P 500 on a year-over-year basis has been strongest for the technology (+6.8%), healthcare (+2.3%) and consumer discretionary sectors (+2%).</p>","source":"market_watch","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>Can the bull market in stocks survive rising inflation, bond yields? Here’s what history says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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\">\nCan the bull market in stocks survive rising inflation, bond yields? Here’s what history says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-23 18:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/rising-bond-yields-mean-these-stock-market-sectors-have-the-most-to-gain-or-lose-11614014529?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tech, consumer discretionary and cyclical sectors historically outperform: Raymond JamesRising Treasury yields are sending shivers through the stock market, particularly for highflying tech-related ...</p>\n\n<a href=\"https://www.marketwatch.com/story/rising-bond-yields-mean-these-stock-market-sectors-have-the-most-to-gain-or-lose-11614014529?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite","NDX":"纳斯达克100指数",".SPX":"S&P 500 Index"},"source_url":"https://www.marketwatch.com/story/rising-bond-yields-mean-these-stock-market-sectors-have-the-most-to-gain-or-lose-11614014529?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1107213324","content_text":"Tech, consumer discretionary and cyclical sectors historically outperform: Raymond JamesRising Treasury yields are sending shivers through the stock market, particularly for highflying tech-related stocks. But history shows that when yields are rising “for the right reasons,” tech shares and cyclically sensitive stocks tend to thrive, according to Raymond James.The right reasons are “improving economic growth and a ‘healthy’ rise in inflation,” said Larry Adam, chief investment officer for the private client group at Raymond James, in a weekend note. And those reasons have driven the yield on the 10-year Treasury note to just shy of 1.4%, or about their highest in a year. Yields also are coming off their largest weekly rise in six weeks.Adam highlighted the chart below, which breaks down the average annualized performance of each of the S&P 500’s 11 sectors and the percentage of time each sector outperforms the S&P 500 in a rising rate environment.RAYMOND JAMES“Since 1990, during rising rate environments, the more cyclical sectors have outperformed,” Adam noted. “The average annualized outperformance relative to the S&P 500 and the percentage of time it outperforms the S&P 500 is largest for the tech, consumer discretionary and industrials sectors — three of our preferred sectors,” while higher dividend-yielding sectors like utilities, real estate and consumer staples tend to underperform.Stocks wereputting in a mixed performanceon Monday, with the Nasdaq-100,down 2.6%, and the Nasdaq Composite,down 2.5%, suffering the steepest declines. Both are tilted toward large-cap, tech-oriented stocks.The Dow Jones Industrial Average was positive, while the S&P 500 was off 0.8%.The rise in yields is being blamed in large part on expectations for a potential surge in inflation thanks to ramped up government spending and ultraloose monetary policy. Fears that the Federal Reserve could move to begin withdrawing some liquidity sooner than anticipated is seen helping to unsettle stocks, analysts said.But Adam argued that inflation not only is unlikely to “short circuit” the rally, it may be a welcome development for stock-market bulls.“When analyzing how the S&P 500 performed under varying levels of core inflation, equities performed above-average in an environment where core inflation was between 1-4%,” he wrote.Inflation at those levels is generally considered healthy when it coincides with improving economic activity, Adam said. The reason is because companies have pricing power, allowing them to lift prices, while also reaping the benefits from productivity gains, which helps to boost earnings growth.Raymond James expects core inflation to be around 2%. Adam said that when core inflation runs between 1% and 3%, the average performance relative to the S&P 500 on a year-over-year basis has been strongest for the technology (+6.8%), healthcare (+2.3%) and consumer discretionary sectors (+2%).","news_type":1},"isVote":1,"tweetType":1,"viewCount":73,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":350679897,"gmtCreate":1616206014019,"gmtModify":1634526741432,"author":{"id":"3553751084635254","authorId":"3553751084635254","name":"PeopleAction","avatar":"https://static.tigerbbs.com/50b5756d6638c3b8fc7eb475adc1ab9c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553751084635254","authorIdStr":"3553751084635254"},"themes":[],"htmlText":"Please like and comment. Have a great weekend&nbsp;","listText":"Please like and comment. Have a great weekend&nbsp;","text":"Please like and comment. Have a great weekend","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/350679897","repostId":"1117450855","repostType":4,"isVote":1,"tweetType":1,"viewCount":403,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":324975469,"gmtCreate":1615957970951,"gmtModify":1703495530612,"author":{"id":"3553751084635254","authorId":"3553751084635254","name":"PeopleAction","avatar":"https://static.tigerbbs.com/50b5756d6638c3b8fc7eb475adc1ab9c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553751084635254","authorIdStr":"3553751084635254"},"themes":[],"htmlText":"Who is in?","listText":"Who is in?","text":"Who is in?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/324975469","repostId":"2120616977","repostType":4,"isVote":1,"tweetType":1,"viewCount":368,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":321893379,"gmtCreate":1615419749791,"gmtModify":1703488738729,"author":{"id":"3553751084635254","authorId":"3553751084635254","name":"PeopleAction","avatar":"https://static.tigerbbs.com/50b5756d6638c3b8fc7eb475adc1ab9c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553751084635254","authorIdStr":"3553751084635254"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/H78.SI\">$HONGKONG LAND HOLDINGS LIMITED(H78.SI)$</a>😜","listText":"<a href=\"https://laohu8.com/S/H78.SI\">$HONGKONG LAND HOLDINGS LIMITED(H78.SI)$</a>😜","text":"$HONGKONG LAND HOLDINGS LIMITED(H78.SI)$😜","images":[{"img":"https://static.tigerbbs.com/43cfdde6a1cd45b97c5cc1ca08f25a5e","width":"1170","height":"2026"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/321893379","isVote":1,"tweetType":1,"viewCount":498,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":365627487,"gmtCreate":1614737371749,"gmtModify":1703480480033,"author":{"id":"3553751084635254","authorId":"3553751084635254","name":"PeopleAction","avatar":"https://static.tigerbbs.com/50b5756d6638c3b8fc7eb475adc1ab9c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553751084635254","authorIdStr":"3553751084635254"},"themes":[],"htmlText":"Hmm will rise tonight!","listText":"Hmm will rise tonight!","text":"Hmm will rise tonight!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/365627487","repostId":"2116515986","repostType":4,"repost":{"id":"2116515986","kind":"highlight","pubTimestamp":1614725573,"share":"https://www.laohu8.com/m/news/2116515986?lang=&edition=full","pubTime":"2021-03-03 06:52","market":"sg","language":"en","title":"US stocks retreat, extending volatile run","url":"https://stock-news.laohu8.com/highlight/detail?id=2116515986","media":"The Straits Times","summary":"NEW YORK (AFP) - Wall Street stocks fell on Tuesday (March 2), giving back a portion of the gains fr","content":"<div>\n<p>NEW YORK (AFP) - Wall Street stocks fell on Tuesday (March 2), giving back a portion of the gains from the prior session's rally as investors girded for more volatility.\nThe yield on the 10-year US ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/us-stocks-retreat-extending-volatile-run\">Web Link</a>\n\n</div>\n","source":"straits_highlight","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>US stocks retreat, extending volatile run</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{ 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}\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\">\nUS stocks retreat, extending volatile run\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-03 06:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/companies-markets/us-stocks-retreat-extending-volatile-run><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (AFP) - Wall Street stocks fell on Tuesday (March 2), giving back a portion of the gains from the prior session's rally as investors girded for more volatility.\nThe yield on the 10-year US ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/us-stocks-retreat-extending-volatile-run\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","SPY":"标普500ETF",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"http://www.straitstimes.com/business/companies-markets/us-stocks-retreat-extending-volatile-run","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2116515986","content_text":"NEW YORK (AFP) - Wall Street stocks fell on Tuesday (March 2), giving back a portion of the gains from the prior session's rally as investors girded for more volatility.\nThe yield on the 10-year US Treasury note continued to decline on Tuesday, but investors are grappling with the chance that inflation could rise if President Joe Biden's US$1.9 trillion (S$2.5 trillion) stimulus plan is passed.\n\"The Fed still wants to continue this easy money policy,\" said JJ Kinahan, chief market strategist at TD Ameritrade, who said many investors fear inflation or view the economy as well on its way to recovery.\n\"The policy makers and the market are having a little bit of a tug of war,\" Kinahan said.\nThe Dow Jones Industrial Average fell 0.5 per cent to 31,391.52.\nThe broad-based S&P 500 dropped 0.8 per cent to 3,870.29, while the tech-rich Nasdaq Composite Index tumbled 1.7 per cent to 13,358.95.\nAmong individual companies, Target slumped 6.8 per cent despite reporting a 66 per cent jump in fourth-quarter income to US$1.4 billion on another round of surging sales amid the coronavirus pandemic.\nHowever, investors were caught off guard by the big-box chain's announcement to spend US$4 billion on more store and e-commerce upgrades.\nRocket Companies, a personal finance firm, surged more than 70 per cent, in the latest rally prompted by investors on social media company Reddit's WallStreetBets.","news_type":1},"isVote":1,"tweetType":1,"viewCount":102,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":817711960,"gmtCreate":1630987462350,"gmtModify":1631888702937,"author":{"id":"3553751084635254","authorId":"3553751084635254","name":"PeopleAction","avatar":"https://static.tigerbbs.com/50b5756d6638c3b8fc7eb475adc1ab9c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553751084635254","authorIdStr":"3553751084635254"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/H78.SI\">$HONGKONG LAND HOLDINGS LIMITED(H78.SI)$</a>Wow!!!","listText":"<a href=\"https://laohu8.com/S/H78.SI\">$HONGKONG LAND HOLDINGS LIMITED(H78.SI)$</a>Wow!!!","text":"$HONGKONG LAND HOLDINGS LIMITED(H78.SI)$Wow!!!","images":[{"img":"https://static.tigerbbs.com/cfa5cbc393dab65b2a32c902f072df5a","width":"1170","height":"2260"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/817711960","isVote":1,"tweetType":1,"viewCount":426,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":357454463,"gmtCreate":1617291574452,"gmtModify":1634521557206,"author":{"id":"3553751084635254","authorId":"3553751084635254","name":"PeopleAction","avatar":"https://static.tigerbbs.com/50b5756d6638c3b8fc7eb475adc1ab9c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553751084635254","authorIdStr":"3553751084635254"},"themes":[],"htmlText":"Go Swiss bank go","listText":"Go Swiss bank go","text":"Go Swiss bank go","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/357454463","repostId":"2124782276","repostType":4,"isVote":1,"tweetType":1,"viewCount":446,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":355829663,"gmtCreate":1617061884452,"gmtModify":1634522903992,"author":{"id":"3553751084635254","authorId":"3553751084635254","name":"PeopleAction","avatar":"https://static.tigerbbs.com/50b5756d6638c3b8fc7eb475adc1ab9c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553751084635254","authorIdStr":"3553751084635254"},"themes":[],"htmlText":"That is good news!","listText":"That is good news!","text":"That is good news!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/355829663","repostId":"1155390932","repostType":4,"isVote":1,"tweetType":1,"viewCount":237,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":353956368,"gmtCreate":1616457544554,"gmtModify":1634525762070,"author":{"id":"3553751084635254","authorId":"3553751084635254","name":"PeopleAction","avatar":"https://static.tigerbbs.com/50b5756d6638c3b8fc7eb475adc1ab9c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553751084635254","authorIdStr":"3553751084635254"},"themes":[],"htmlText":"谷歌","listText":"谷歌","text":"谷歌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/353956368","repostId":"2121766771","repostType":4,"repost":{"id":"2121766771","kind":"news","pubTimestamp":1616424482,"share":"https://www.laohu8.com/m/news/2121766771?lang=&edition=full","pubTime":"2021-03-22 22:48","market":"us","language":"en","title":"Better Buy: Baidu vs. Alphabet","url":"https://stock-news.laohu8.com/highlight/detail?id=2121766771","media":"Motley Fool","summary":"Is the \"Google of China\" a better bet than the American original?","content":"<p><b>Baidu</b> (NASDAQ:BIDU) is often called the \"Google of China\" because it owns the country's largest search engine. Like its American counterpart, it also owns a sprawling ecosystem of cloud and media services.</p>\n<p>I compared Baidu to&nbsp;Google's parent company <b>Alphabet</b> (NASDAQ:GOOG) (NASDAQ:GOOGL) last November. I declared Alphabet was a better all-around investment because it was generating stronger ad sales than Baidu, but my prediction clearly missed the mark.</p>\n<p>Baidu's stock has rallied nearly 90% since I wrote that article, but Alphabet's stock has advanced just 15%. Let's see why the bulls favored Baidu over Alphabet, and whether or not that trend will continue.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5db5215b0506c3c6a46f1ce271e2300b\" tg-width=\"700\" tg-height=\"466\"><span>Image source: Getty Images.</span></p>\n<h2>Why is Baidu attracting so much attention?</h2>\n<p>Baidu's revenue declined year over year in the first half of 2020, but turned positive again in its third and fourth quarters. That recovery brought back some bulls, but its core advertising business is still struggling and its total revenue growth stayed flat for the full year.</p>\n<p>Baidu generated 68% of its revenue during the year from its online marketing services segment, which mainly sells ads. The segment's revenue has declined year over year for seven straight quarters.</p>\n<p>That ongoing slowdown is troubling, since Baidu's advertising rivals -- like <b>Tencent</b>&nbsp;and<b> Bilibili -- </b>both expanded their advertising businesses over the past year. It also indicates people are spending less time on traditional online searches and more time on other digital platforms.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ec0d123f1b64c99476caf1394079657d\" tg-width=\"700\" tg-height=\"466\"><span>Image source: Getty Images.</span></p>\n<p>Baidu previously relied on its video streaming platform <b>iQIYI</b> to pick up the slack. But iQIYI's growth decelerated over the past year and forced Baidu to rely on its smaller cloud business to offset the sluggish growth of its online marketing business instead. That strategy could squeeze its margins, since Baidu Cloud is still an underdog in China's cloud market and likely remains unprofitable.</p>\n<p>Based on these facts, Baidu's rally might seem odd. But a trio of catalysts appear to be driving it. First, Baidu expects its revenue to rise 15%-26% year over year in the first quarter, which implies its core advertising business will grow again.</p>\n<p>Second, it launched a new joint venture to develop driverless EVs in China -- which made it a target in the recent buying frenzy in EV-related stocks. Lastly, Baidu believes it can generate fresh revenue growth with its upcoming takeover of the live streaming platform YY Live.</p>\n<p>Analysts expect Baidu's revenue and earnings to rise&nbsp;18% and 6%, respectively, this year. The stock was trading at historically low valuations prior to its latest rally, and it still looks reasonably valued at 21 times forward earnings.</p>\n<h2>Why weren't investors as excited about Alphabet?</h2>\n<p>Google's advertising business, which generated 80% of&nbsp;Alphabet's revenue in 2020, suffered a slowdown in the first half of the year as companies purchased fewer ads throughout the pandemic.</p>\n<p>But the growth of Google Cloud, which ranks third in the cloud infrastructure market behind <b>Amazon</b> (NASDAQ:AMZN) Web Services (AWS) and <b>Microsoft</b> (NASDAQ:MSFT) Azure, partly offset its sluggish ad sales.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/689c86bc97f5dab57c9517fc7b7330cf\" tg-width=\"700\" tg-height=\"466\"><span>Image source: Getty Images.</span></p>\n<p>Google's advertising business recovered in the second half of the year as more businesses reopened, Google Cloud continued to expand, and Alphabet's total revenue rose 13% for the full year.</p>\n<p>Google Cloud's revenue rose 46% to $13.1 billion, or 7% of Alphabet's top line, during the year. That was faster than AWS' growth rate but slower than Azure's growth rate in their latest fiscal years.</p>\n<p>Analysts expect Alphabet's revenue and&nbsp;earnings to increase 24% and 19%, respectively, this year as its advertising sales accelerate again. That outlook seems stable, and the stock still doesn't seem expensive at 25 times forward earnings.</p>\n<p>But four major challenges seem to be curbing investors' appetite for Alphabet's stock. First, Alphabet still faces antitrust challenges in the U.S. and Europe, which could result in big fines or tighter restrictions on its search engine, targeted ads, and Android-related businesses.</p>\n<p>Second, <b>Apple</b>'s upcoming update for iOS14, which will let users opt out of data-tracking apps, could impair Google's ability to craft targeted ads for iOS users. Third, Google Cloud could rack up more losses as it tries to keep pace with AWS and Azure in the cloud platform market.</p>\n<p>Lastly, rising bond yields are sparking a rotation from higher-growth tech stocks to defensive value stocks. This shift could potentially hurt Alphabet more than Baidu, since the latter still trades at slightly lower valuations.</p>\n<h2>The winner: Alphabet</h2>\n<p>I underestimated Baidu's potential to rally over the past few months, since I mainly focused on its core weaknesses instead of its low valuation. But I'd still like to see Baidu's advertising business recover before I turn bullish on the stock, regardless of how lucrative its driverless, EV, and AI plans might seem.</p>\n<p>I personally own shares of Baidu, but I wouldn't be comfortable adding more shares now. Meanwhile, Alphabet's stable growth, market-leading positions across multiple markets, and reasonable valuations should all make it a safer bet than Baidu over the next few quarters.</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>Better Buy: Baidu vs. Alphabet</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\">\nBetter Buy: Baidu vs. Alphabet\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-22 22:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/03/22/better-buy-baidu-vs-alphabet/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Baidu (NASDAQ:BIDU) is often called the \"Google of China\" because it owns the country's largest search engine. Like its American counterpart, it also owns a sprawling ecosystem of cloud and media ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/03/22/better-buy-baidu-vs-alphabet/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09888":"百度集团-SW","BIDU":"百度","GOOG":"谷歌","QNETCN":"纳斯达克中美互联网老虎指数","09086":"华夏纳指-U","GOOGL":"谷歌A","03086":"华夏纳指"},"source_url":"https://www.fool.com/investing/2021/03/22/better-buy-baidu-vs-alphabet/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2121766771","content_text":"Baidu (NASDAQ:BIDU) is often called the \"Google of China\" because it owns the country's largest search engine. Like its American counterpart, it also owns a sprawling ecosystem of cloud and media services.\nI compared Baidu to Google's parent company Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL) last November. I declared Alphabet was a better all-around investment because it was generating stronger ad sales than Baidu, but my prediction clearly missed the mark.\nBaidu's stock has rallied nearly 90% since I wrote that article, but Alphabet's stock has advanced just 15%. Let's see why the bulls favored Baidu over Alphabet, and whether or not that trend will continue.\nImage source: Getty Images.\nWhy is Baidu attracting so much attention?\nBaidu's revenue declined year over year in the first half of 2020, but turned positive again in its third and fourth quarters. That recovery brought back some bulls, but its core advertising business is still struggling and its total revenue growth stayed flat for the full year.\nBaidu generated 68% of its revenue during the year from its online marketing services segment, which mainly sells ads. The segment's revenue has declined year over year for seven straight quarters.\nThat ongoing slowdown is troubling, since Baidu's advertising rivals -- like Tencent and Bilibili -- both expanded their advertising businesses over the past year. It also indicates people are spending less time on traditional online searches and more time on other digital platforms.\nImage source: Getty Images.\nBaidu previously relied on its video streaming platform iQIYI to pick up the slack. But iQIYI's growth decelerated over the past year and forced Baidu to rely on its smaller cloud business to offset the sluggish growth of its online marketing business instead. That strategy could squeeze its margins, since Baidu Cloud is still an underdog in China's cloud market and likely remains unprofitable.\nBased on these facts, Baidu's rally might seem odd. But a trio of catalysts appear to be driving it. First, Baidu expects its revenue to rise 15%-26% year over year in the first quarter, which implies its core advertising business will grow again.\nSecond, it launched a new joint venture to develop driverless EVs in China -- which made it a target in the recent buying frenzy in EV-related stocks. Lastly, Baidu believes it can generate fresh revenue growth with its upcoming takeover of the live streaming platform YY Live.\nAnalysts expect Baidu's revenue and earnings to rise 18% and 6%, respectively, this year. The stock was trading at historically low valuations prior to its latest rally, and it still looks reasonably valued at 21 times forward earnings.\nWhy weren't investors as excited about Alphabet?\nGoogle's advertising business, which generated 80% of Alphabet's revenue in 2020, suffered a slowdown in the first half of the year as companies purchased fewer ads throughout the pandemic.\nBut the growth of Google Cloud, which ranks third in the cloud infrastructure market behind Amazon (NASDAQ:AMZN) Web Services (AWS) and Microsoft (NASDAQ:MSFT) Azure, partly offset its sluggish ad sales.\nImage source: Getty Images.\nGoogle's advertising business recovered in the second half of the year as more businesses reopened, Google Cloud continued to expand, and Alphabet's total revenue rose 13% for the full year.\nGoogle Cloud's revenue rose 46% to $13.1 billion, or 7% of Alphabet's top line, during the year. That was faster than AWS' growth rate but slower than Azure's growth rate in their latest fiscal years.\nAnalysts expect Alphabet's revenue and earnings to increase 24% and 19%, respectively, this year as its advertising sales accelerate again. That outlook seems stable, and the stock still doesn't seem expensive at 25 times forward earnings.\nBut four major challenges seem to be curbing investors' appetite for Alphabet's stock. First, Alphabet still faces antitrust challenges in the U.S. and Europe, which could result in big fines or tighter restrictions on its search engine, targeted ads, and Android-related businesses.\nSecond, Apple's upcoming update for iOS14, which will let users opt out of data-tracking apps, could impair Google's ability to craft targeted ads for iOS users. Third, Google Cloud could rack up more losses as it tries to keep pace with AWS and Azure in the cloud platform market.\nLastly, rising bond yields are sparking a rotation from higher-growth tech stocks to defensive value stocks. This shift could potentially hurt Alphabet more than Baidu, since the latter still trades at slightly lower valuations.\nThe winner: Alphabet\nI underestimated Baidu's potential to rally over the past few months, since I mainly focused on its core weaknesses instead of its low valuation. But I'd still like to see Baidu's advertising business recover before I turn bullish on the stock, regardless of how lucrative its driverless, EV, and AI plans might seem.\nI personally own shares of Baidu, but I wouldn't be comfortable adding more shares now. Meanwhile, Alphabet's stable growth, market-leading positions across multiple markets, and reasonable valuations should all make it a safer bet than Baidu over the next few quarters.","news_type":1},"isVote":1,"tweetType":1,"viewCount":745,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":328649252,"gmtCreate":1615524081676,"gmtModify":1703490411661,"author":{"id":"3553751084635254","authorId":"3553751084635254","name":"PeopleAction","avatar":"https://static.tigerbbs.com/50b5756d6638c3b8fc7eb475adc1ab9c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553751084635254","authorIdStr":"3553751084635254"},"themes":[],"htmlText":"Bull bull bull","listText":"Bull bull bull","text":"Bull bull bull","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/328649252","repostId":"2118312979","repostType":4,"isVote":1,"tweetType":1,"viewCount":274,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":320297163,"gmtCreate":1615109168752,"gmtModify":1703484784962,"author":{"id":"3553751084635254","authorId":"3553751084635254","name":"PeopleAction","avatar":"https://static.tigerbbs.com/50b5756d6638c3b8fc7eb475adc1ab9c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553751084635254","authorIdStr":"3553751084635254"},"themes":[],"htmlText":"More jobs is a good sign","listText":"More jobs is a good sign","text":"More jobs is a good sign","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/320297163","repostId":"1123272188","repostType":4,"isVote":1,"tweetType":1,"viewCount":57,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":362324869,"gmtCreate":1614599923351,"gmtModify":1703478669530,"author":{"id":"3553751084635254","authorId":"3553751084635254","name":"PeopleAction","avatar":"https://static.tigerbbs.com/50b5756d6638c3b8fc7eb475adc1ab9c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553751084635254","authorIdStr":"3553751084635254"},"themes":[],"htmlText":"Fantastic&nbsp;","listText":"Fantastic&nbsp;","text":"Fantastic","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/362324869","repostId":"1131333673","repostType":4,"repost":{"id":"1131333673","kind":"news","pubTimestamp":1614599505,"share":"https://www.laohu8.com/m/news/1131333673?lang=&edition=full","pubTime":"2021-03-01 19:51","market":"us","language":"en","title":"Stocks begin March on right foot as Treasury yields retreat","url":"https://stock-news.laohu8.com/highlight/detail?id=1131333673","media":"Seekingalpha","summary":"Which sectors will make it to the Final Four? That's a question investors are asking as the new mont","content":"<p>Which sectors will make it to the Final Four? That's a question investors are asking as the new month kicksoff after things turned south for stocks at the end of February. The biggest monthly rise in bond yields since 2016 injected fresh uncertainty into the market, bruising technology stocks and triggering volatility streaks that saw the DJIA swing more than 1,000 points over three days. Things appear to be turning around this morning as the 10-year Treasury yield fell 4 bps to 1.4%. Futures: Dow+1%; S&amp;P 500+1.1%; Nasdaq+1.5%.</p>\n<p>\"This week is key. I'm expecting turbulence or volatility to remain with us until we have a better understanding of where central banks stand,\" said Andrea Carzana, a fund manager at Columbia Threadneedle Investments. \"Further consolidation is likely in March, but we expect the market to find support shortly and subsequently challenge the recent highs again,\" added Jeff Hirsch, editor of the Stock Trader's Almanac, noting that April is statistically the best month of the year.</p>\n<p>Another area that is taking bets is a potential increase in inflation due to recent stimulus efforts. The HousepassedPresident Biden's $1.9T coronavirus relief bill on Saturday, while the Senate is expected to follow suit shortly. The package includes funding for vaccines and medical supplies, an extension of unemployment benefits, a round of $1,400 stimulus checks to individuals, and financial aid to small businesses and state and local governments. As a result, the U.S. Treasury is expected to sell a huge amount of debt in coming months to pay for the measure aimed at supporting the recovery.</p>\n<p>Fed Chair Jay Powell has aligned with the administration in waving off concerns about an over-heated economy, saying the job market has ways to go before inflation fears are justified. The support could trigger a strong period of growth, low unemployment and rising wages, though critics argue that it may lead to a cycle of rising prices, higher interest rates and a ballooning national debt. The views don't only have investors sizing up March, but who will be in the championship at the end 2021.</p>\n<p>Traders today are also applauding the FDA approval of Johnson &amp; Johnson's coronavirus vaccine, which was thethird jab to be approved in the U.S.</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>Stocks begin March on right foot as Treasury yields retreat</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\">\nStocks begin March on right foot as Treasury yields retreat\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-01 19:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3667451-stocks-begin-march-on-right-foot-as-treasury-yields-retreat><strong>Seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Which sectors will make it to the Final Four? That's a question investors are asking as the new month kicksoff after things turned south for stocks at the end of February. The biggest monthly rise in ...</p>\n\n<a href=\"https://seekingalpha.com/news/3667451-stocks-begin-march-on-right-foot-as-treasury-yields-retreat\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","SPY":"标普500ETF",".DJI":"道琼斯"},"source_url":"https://seekingalpha.com/news/3667451-stocks-begin-march-on-right-foot-as-treasury-yields-retreat","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1131333673","content_text":"Which sectors will make it to the Final Four? That's a question investors are asking as the new month kicksoff after things turned south for stocks at the end of February. The biggest monthly rise in bond yields since 2016 injected fresh uncertainty into the market, bruising technology stocks and triggering volatility streaks that saw the DJIA swing more than 1,000 points over three days. Things appear to be turning around this morning as the 10-year Treasury yield fell 4 bps to 1.4%. Futures: Dow+1%; S&P 500+1.1%; Nasdaq+1.5%.\n\"This week is key. I'm expecting turbulence or volatility to remain with us until we have a better understanding of where central banks stand,\" said Andrea Carzana, a fund manager at Columbia Threadneedle Investments. \"Further consolidation is likely in March, but we expect the market to find support shortly and subsequently challenge the recent highs again,\" added Jeff Hirsch, editor of the Stock Trader's Almanac, noting that April is statistically the best month of the year.\nAnother area that is taking bets is a potential increase in inflation due to recent stimulus efforts. The HousepassedPresident Biden's $1.9T coronavirus relief bill on Saturday, while the Senate is expected to follow suit shortly. The package includes funding for vaccines and medical supplies, an extension of unemployment benefits, a round of $1,400 stimulus checks to individuals, and financial aid to small businesses and state and local governments. As a result, the U.S. Treasury is expected to sell a huge amount of debt in coming months to pay for the measure aimed at supporting the recovery.\nFed Chair Jay Powell has aligned with the administration in waving off concerns about an over-heated economy, saying the job market has ways to go before inflation fears are justified. The support could trigger a strong period of growth, low unemployment and rising wages, though critics argue that it may lead to a cycle of rising prices, higher interest rates and a ballooning national debt. The views don't only have investors sizing up March, but who will be in the championship at the end 2021.\nTraders today are also applauding the FDA approval of Johnson & Johnson's coronavirus vaccine, which was thethird jab to be approved in the U.S.","news_type":1},"isVote":1,"tweetType":1,"viewCount":210,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":368228057,"gmtCreate":1614331099879,"gmtModify":1703476452094,"author":{"id":"3553751084635254","authorId":"3553751084635254","name":"PeopleAction","avatar":"https://static.tigerbbs.com/50b5756d6638c3b8fc7eb475adc1ab9c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553751084635254","authorIdStr":"3553751084635254"},"themes":[],"htmlText":"Buy the dip!","listText":"Buy the dip!","text":"Buy the dip!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/368228057","repostId":"2114326273","repostType":4,"isVote":1,"tweetType":1,"viewCount":135,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}