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MJ2317

MJ2317

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2021-12-03

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US STOCKS-Wall Street ends higher in robust rebound from Omicron-driven rout

2021-12-01

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2021-11-30

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4 Stocks Billionaires Are Buying Hand Over Fist

2021-11-28

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Up 150% This Year, Is Nvidia Stock a Smart Buy Now?

2021-11-25

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2021-11-24

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2021-11-23

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2021-11-22

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2021-11-22

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2021-11-22

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Boeing Dreamliner Defects Bog Down Production

2021-11-22

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We're in a 'Kids Market,' so Don't Give up on Value Strategies

2021-11-19

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Is this stock the next Amazon?

2021-11-18

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2021-11-16

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2021-11-13

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Pfizer Shows Its R&D Is Strong. It’s a Good Sign for the Stock.

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Omicron hits and five days we’ve had this blast of volatility,\" said Ryan Detrick, chief market strategist at LPL Financial in Charlotte, North Carolina.</p>\n<p>\"After the worst two-day drop in more than a year, we’re finally seeing a bit of a bounce,\" Detrick added. \"Buyers are starting to nibble after the recent weakness and pushed stocks higher, but the uncertainty of Omicron is still out there.\"</p>\n<p>As world governments scramble to determine how to respond to the emergent COVID-19 Omicron variant, the United States is set to require private health insurance companies to provide at-home tests, a policy expected to go into effect on Jan. 15.</p>\n<p>The Omicron variant has spooked markets for about a week, hitting travel-related stocks particularly hard as a patchwork of new restrictions were enacted around the globe, but those companies were bouncing back in Thursday's session.</p>\n<p>The S&amp;P 1500 Airlines and Hotel and Restaurants indexes jumped 7.5% and 3.8%, respectively.</p>\n<p>It was the S&amp;P 1500 Airlines index's best one-day performance since Nov. 9, 2020, when Pfizer Inc announced the vaccine it developed with BioNTech was more than 90% effective in preventing COVID-19 infection.</p>\n<p>Jobless claims and planned layoffs data provided further evidence that employers are increasingly disinclined to hand out pink slips amid a tight labor market, the result of booming demand colliding with worker scarcity and low labor market participation.</p>\n<p>Labor scarcity, combined with stubbornly persistent supply chain constraints, has helped erase the word \"transitory\" from the Federal Reserve's inflation vocabulary as wages and prices continue to rise, and could very well translate into rate hikes coming sooner and faster than many had hoped.</p>\n<p>Market participants now train their gaze on the Labor Department's hotly anticipated November employment report, expected on Friday.</p>\n<p>\"We're optimistic we’ll have another strong number, suggesting the economy continues to be on very firm footing,\" Detrick added. \"We’re watching wage growth for any hints of potential inflationary worries.\"</p>\n<p>The Dow Jones Industrial Average rose 617.75 points, or 1.82%, to 34,639.79, the S&amp;P 500 gained 64.06 points, or 1.42%, to 4,577.1 and the Nasdaq Composite added 127.27 points, or 0.83%, to 15,381.32.</p>\n<p>All 11 major sectors of the S&amp;P 500 closed in positive territory, with industrials, energy and financials enjoying the biggest percentage gains.</p>\n<p>Boeing shares had their best day since Feb. 24, jumping 7.5% after China's aviation authority gave its seal of approval the planemaker's 737 MAX aircraft.</p>\n<p>Grocery retailer Kroger Co raised its full-year sales and profit forecasts, sending its stock bounding 11% higher.</p>\n<p>Consumer credit companies <a href=\"https://laohu8.com/S/V\">Visa</a> Inc, Mastercard Inc and American Express Co all advanced more than 4%.</p>\n<p>Advancing issues outnumbered declining ones on the NYSE by a 2.49-to-1 ratio; on Nasdaq, a 1.79-to-1 ratio favored advancers.</p>\n<p>The S&amp;P 500 posted four new 52-week highs and 12 new lows; the Nasdaq Composite recorded 15 new highs and 559 new lows.</p>\n<p>Volume on U.S. exchanges was 12.85 billion shares, compared with the 11.40 billion average over the last 20 trading days. (Reporting by Stephen Culp; additional reporting by Devik Jain and Anisha Sircar in Bengaluru Editing by Marguerita Choy)</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US STOCKS-Wall Street ends higher in robust rebound from Omicron-driven rout</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\">\nUS STOCKS-Wall Street ends higher in robust rebound from Omicron-driven rout\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-03 05:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/us-stocks-wall-street-ends-212603535.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A broad rally sent Wall Street to a sharply higher close on Thursday, recovering ground lost over recent sessions as market participants snapped up bargains while digesting the implications of a ...</p>\n\n<a href=\"https://finance.yahoo.com/news/us-stocks-wall-street-ends-212603535.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BA":"波音","BK4079":"房地产服务","BK4539":"次新股","BK4516":"特朗普概念","BK4564":"太空概念","COMP":"Compass, Inc.","BK4187":"航天航空与国防","BK4551":"寇图资本持仓"},"source_url":"https://finance.yahoo.com/news/us-stocks-wall-street-ends-212603535.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2188510525","content_text":"A broad rally sent Wall Street to a sharply higher close on Thursday, recovering ground lost over recent sessions as market participants snapped up bargains while digesting the implications of a shifting pandemic.\nAll three U.S. indexes advanced, with investors favoring value over growth, and economically sensitive smallcaps and transports outperforming the broader market.\nOf the three, the Dow gained the most, notching its highest one-day percentage gain since March 5, with Boeing Co providing the biggest lift to the blue-chip industrial average.\n\"We went 29 days in a row in the S&P 500 without a 1% change, up or down, but boom - Omicron hits and five days we’ve had this blast of volatility,\" said Ryan Detrick, chief market strategist at LPL Financial in Charlotte, North Carolina.\n\"After the worst two-day drop in more than a year, we’re finally seeing a bit of a bounce,\" Detrick added. \"Buyers are starting to nibble after the recent weakness and pushed stocks higher, but the uncertainty of Omicron is still out there.\"\nAs world governments scramble to determine how to respond to the emergent COVID-19 Omicron variant, the United States is set to require private health insurance companies to provide at-home tests, a policy expected to go into effect on Jan. 15.\nThe Omicron variant has spooked markets for about a week, hitting travel-related stocks particularly hard as a patchwork of new restrictions were enacted around the globe, but those companies were bouncing back in Thursday's session.\nThe S&P 1500 Airlines and Hotel and Restaurants indexes jumped 7.5% and 3.8%, respectively.\nIt was the S&P 1500 Airlines index's best one-day performance since Nov. 9, 2020, when Pfizer Inc announced the vaccine it developed with BioNTech was more than 90% effective in preventing COVID-19 infection.\nJobless claims and planned layoffs data provided further evidence that employers are increasingly disinclined to hand out pink slips amid a tight labor market, the result of booming demand colliding with worker scarcity and low labor market participation.\nLabor scarcity, combined with stubbornly persistent supply chain constraints, has helped erase the word \"transitory\" from the Federal Reserve's inflation vocabulary as wages and prices continue to rise, and could very well translate into rate hikes coming sooner and faster than many had hoped.\nMarket participants now train their gaze on the Labor Department's hotly anticipated November employment report, expected on Friday.\n\"We're optimistic we’ll have another strong number, suggesting the economy continues to be on very firm footing,\" Detrick added. \"We’re watching wage growth for any hints of potential inflationary worries.\"\nThe Dow Jones Industrial Average rose 617.75 points, or 1.82%, to 34,639.79, the S&P 500 gained 64.06 points, or 1.42%, to 4,577.1 and the Nasdaq Composite added 127.27 points, or 0.83%, to 15,381.32.\nAll 11 major sectors of the S&P 500 closed in positive territory, with industrials, energy and financials enjoying the biggest percentage gains.\nBoeing shares had their best day since Feb. 24, jumping 7.5% after China's aviation authority gave its seal of approval the planemaker's 737 MAX aircraft.\nGrocery retailer Kroger Co raised its full-year sales and profit forecasts, sending its stock bounding 11% higher.\nConsumer credit companies Visa Inc, Mastercard Inc and American Express Co all advanced more than 4%.\nAdvancing issues outnumbered declining ones on the NYSE by a 2.49-to-1 ratio; on Nasdaq, a 1.79-to-1 ratio favored advancers.\nThe S&P 500 posted four new 52-week highs and 12 new lows; the Nasdaq Composite recorded 15 new highs and 559 new lows.\nVolume on U.S. exchanges was 12.85 billion shares, compared with the 11.40 billion average over the last 20 trading days. (Reporting by Stephen Culp; additional reporting by Devik Jain and Anisha Sircar in Bengaluru Editing by Marguerita Choy)","news_type":1},"isVote":1,"tweetType":1,"viewCount":421,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":603950586,"gmtCreate":1638356114447,"gmtModify":1638356114734,"author":{"id":"3559297454639767","authorId":"3559297454639767","name":"MJ2317","avatar":"https://static.tigerbbs.com/e630b11b8aefdaa3f6d659668006e6c9","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"✅&nbsp;","listText":"✅&nbsp;","text":"✅","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/603950586","repostId":"1101865893","repostType":4,"isVote":1,"tweetType":1,"viewCount":477,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":609666274,"gmtCreate":1638280426944,"gmtModify":1638280427079,"author":{"id":"3559297454639767","authorId":"3559297454639767","name":"MJ2317","avatar":"https://static.tigerbbs.com/e630b11b8aefdaa3f6d659668006e6c9","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/609666274","repostId":"2187817235","repostType":4,"repost":{"id":"2187817235","pubTimestamp":1638279553,"share":"https://www.laohu8.com/m/news/2187817235?lang=&edition=full","pubTime":"2021-11-30 21:39","market":"us","language":"en","title":"4 Stocks Billionaires Are Buying Hand Over Fist","url":"https://stock-news.laohu8.com/highlight/detail?id=2187817235","media":"Motley Fool","summary":"Successful money managers purchased a number of unexpected stocks in the third quarter.","content":"<p>You may not realize it, but one of the most important data releases of the quarter occurred approximately two weeks ago.</p>\n<p>On Nov. 15, institutional investors and hedge funds with at least $100 million in assets under management were required to file Form 13F with the Securities and Exchange Commission (SEC). A 13F provides Wall Street and investors with an under-the-hood look at what the smartest money managers were buying and selling in the previous quarter (i.e., the third quarter). Though 13Fs are a bit dated by the time they're filed with the SEC (holdings are as of Sept. 30, 2021), they still provide valuable clues of what's catching the attention of the world's most successful fund managers.</p>\n<p>With the latest round of 13Fs, one thing stands out: billionaires were buying stocks hand over fist. However, they didn't necessarily buy the names you'd expect.</p>\n<p class=\"t-img-caption\"><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F654909%2Fbusinessman-looking-at-ticker-board-stock-market-getty.jpg&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"><span>Image source: Getty Images.</span></p>\n<h2>Ken Griffin (Citadel Advisors): Tesla Motors</h2>\n<p>Billionaire Ken Griffin is a wildly successful investor who's known for extracting big wins from his firms' options positions. But the big story from the third quarter is that Citadel made electric vehicle (EV) manufacturer <b>Tesla Motors</b> (NASDAQ:TSLA) its largest non-options holding. Griffin's fund bought close to 1.8 million shares of Tesla in the third quarter, increasing its position by 873% from the end of June.</p>\n<p>Why Tesla? One logical explanation is that EVs are inevitable. Pretty much every major economic powerhouse worldwide is focused on reducing carbon emissions going forward. Perhaps the easiest way to make a dent in carbon emissions is to push a multi-decade vehicle replacement cycle.</p>\n<p>A more likely explanation for Griffin's interest in Tesla is the company's first-mover advantage. Even with an ongoing semiconductor chip shortage, Tesla looks to be on pace to hit 800,000 (or more) EV deliveries in 2021. Further, it could reasonably pace 50% annual delivery growth over the next couple of years as new gigafactories come online. With no other automakers coming close (at the moment) to its combination of battery range, power, and capacity, Griffin likely feels he and his fund can ride this momentum higher.</p>\n<p class=\"t-img-caption\"><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F654909%2Fko-drink-bottle.jpg&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"467\" referrerpolicy=\"no-referrer\"><span>Image source: Coca-Cola.</span></p>\n<h2>Jim Simons (Renaissance Technologies): Coca-Cola</h2>\n<p>For a highly diversified fund known for its love of innovation, the shock of the quarter might just be that billionaire Jim Simons was buying beverage giant <b>Coca-Cola</b> (NYSE:KO) hand over fist. All told, Renaissance Technologies added a little over 6 million shares of Coke in the third quarter, which more than tripled its stake as of the end of June.</p>\n<p>With the benchmark <b>S&amp;P 500</b> taking less than 17 months to double from its coronavirus bear-market bottom, Simons' substantially increased stake in Coke might be a means of playing it safe and hedging his funds' bets. Since Coca-Cola has a presence in all but two countries worldwide (Cuba and North Korea), and its portfolio sports more than 20 brands generating at least $1 billion in annual sales, it's a safe bet to generate modest returns -- or at worst hold up much better than the broader market if a crash or correction strikes.</p>\n<p>Coca-Cola is also a relatively smart inflation play. The company is parsing out a hearty 3.1% yield, has raised its base annual dividend for 59 consecutive years, and its well-known brand makes it easy for the company to pass along higher costs to its customers.</p>\n<p class=\"t-img-caption\"><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F654909%2Fmature-woman-shopping-mall-retail-gdp-clothing-getty.jpg&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"><span>Image source: Getty Images.</span></p>\n<h2>David Tepper (Appaloosa): Macy's</h2>\n<p>In a market dominated by growth stocks, billionaire David Tepper headed to the retail counter in the third quarter and piled into department store <b>Macy's</b> (NYSE:M). Tepper's Appaloosa purchased 3.39 million shares, which lifted the fund's stake to an even 7 million shares.</p>\n<p>Scratching your head as to why a successful money manager is buying into an old-school retailer? The answer looks to be Macy's, thus far, solid execution on its three-year Polaris strategy. In no particular order, this strategy includes:</p>\n<ul>\n <li>Closing underperforming stores and reducing corporate and store-level staff to cut expenses.</li>\n <li>Emphasizing digital sales channels, which are a high-growth opportunity for the company until the pandemic ends (and perhaps well after).</li>\n <li>Increasing customer engagement through its loyalty rewards program.</li>\n <li>Focusing its efforts of a small number of higher-margin private brands.</li>\n</ul>\n<p>Although Macy's has challenges to overcome, such as continuing to pay down more than $6 billion in debt, the initial results show its digitization and branding efforts are paying off. The company ended September with 4.4 million new customers, up 28% from the comparable period in 2019 (i.e., before the pandemic). Additionally, 33% of net sales derived online, up from 23% in Q3 2019.&nbsp; If these arrows continue to point higher, Tepper may have found himself a bargain.</p>\n<p class=\"t-img-caption\"><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F654909%2Fwoman-talk-smartphone-city-wireless-5g-4g-data-voicemail-getty.jpg&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"><span>Image source: Getty Images.</span></p>\n<h2>Israel Englander (Millennium Management): AT&amp;T</h2>\n<p>Like Ken Griffin, billionaire Israel Englander is a big fan of utilizing put and call options to maximize returns for his fund, Millennium Management. However, the big buy in the third quarter was stodgy telecom giant <b>AT&amp;T</b> (NYSE:T). Englander's fund bought up close to 11.2 million shares, which increased its stake by 165% from the sequential second quarter.</p>\n<p>Similar to Coca-Cola, buying AT&amp;T is a play on value and stability in a very pricey market. For the time being, it's paying out an inflation-topping 8.6% yield and can be purchased for a little north of 7 times Wall Street's estimated earnings per share this year.</p>\n<p>But what might have wet Englander's whistle is AT&amp;T's plan to spin off its content arm, WarnerMedia, and combine it with <b>Discovery</b>. Combining forces will save more than $3 billion in annual costs and vastly improve original and sports programming options for streaming customers. Most importantly, it'll allow AT&amp;T to reduce its debt (and its dividend, as well) and focus on growing its wireless business with the ongoing rollout of 5G infrastructure.</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>4 Stocks Billionaires Are Buying Hand Over Fist</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\">\n4 Stocks Billionaires Are Buying Hand Over Fist\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-30 21:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/11/30/4-stocks-billionaires-are-buying-hand-over-fist/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>You may not realize it, but one of the most important data releases of the quarter occurred approximately two weeks ago.\nOn Nov. 15, institutional investors and hedge funds with at least $100 million ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/11/30/4-stocks-billionaires-are-buying-hand-over-fist/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4515":"5G概念","BK4550":"红杉资本持仓","BK4099":"汽车制造商","BK4177":"软饮料","BK4527":"明星科技股","T":"美国电话电报","BK4559":"巴菲特持仓","KO":"可口可乐","BK4504":"桥水持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4555":"新能源车","BK4534":"瑞士信贷持仓","BK4507":"流媒体概念","BK4115":"综合电信业务","BK4532":"文艺复兴科技持仓","BK4103":"百货商店","BK4548":"巴美列捷福持仓","EV":"MAST GLOBAL BATTERY RECYCLING & PRODUCTION ETF","M":"梅西百货","TSLA":"特斯拉","BK4551":"寇图资本持仓"},"source_url":"https://www.fool.com/investing/2021/11/30/4-stocks-billionaires-are-buying-hand-over-fist/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2187817235","content_text":"You may not realize it, but one of the most important data releases of the quarter occurred approximately two weeks ago.\nOn Nov. 15, institutional investors and hedge funds with at least $100 million in assets under management were required to file Form 13F with the Securities and Exchange Commission (SEC). A 13F provides Wall Street and investors with an under-the-hood look at what the smartest money managers were buying and selling in the previous quarter (i.e., the third quarter). Though 13Fs are a bit dated by the time they're filed with the SEC (holdings are as of Sept. 30, 2021), they still provide valuable clues of what's catching the attention of the world's most successful fund managers.\nWith the latest round of 13Fs, one thing stands out: billionaires were buying stocks hand over fist. However, they didn't necessarily buy the names you'd expect.\nImage source: Getty Images.\nKen Griffin (Citadel Advisors): Tesla Motors\nBillionaire Ken Griffin is a wildly successful investor who's known for extracting big wins from his firms' options positions. But the big story from the third quarter is that Citadel made electric vehicle (EV) manufacturer Tesla Motors (NASDAQ:TSLA) its largest non-options holding. Griffin's fund bought close to 1.8 million shares of Tesla in the third quarter, increasing its position by 873% from the end of June.\nWhy Tesla? One logical explanation is that EVs are inevitable. Pretty much every major economic powerhouse worldwide is focused on reducing carbon emissions going forward. Perhaps the easiest way to make a dent in carbon emissions is to push a multi-decade vehicle replacement cycle.\nA more likely explanation for Griffin's interest in Tesla is the company's first-mover advantage. Even with an ongoing semiconductor chip shortage, Tesla looks to be on pace to hit 800,000 (or more) EV deliveries in 2021. Further, it could reasonably pace 50% annual delivery growth over the next couple of years as new gigafactories come online. With no other automakers coming close (at the moment) to its combination of battery range, power, and capacity, Griffin likely feels he and his fund can ride this momentum higher.\nImage source: Coca-Cola.\nJim Simons (Renaissance Technologies): Coca-Cola\nFor a highly diversified fund known for its love of innovation, the shock of the quarter might just be that billionaire Jim Simons was buying beverage giant Coca-Cola (NYSE:KO) hand over fist. All told, Renaissance Technologies added a little over 6 million shares of Coke in the third quarter, which more than tripled its stake as of the end of June.\nWith the benchmark S&P 500 taking less than 17 months to double from its coronavirus bear-market bottom, Simons' substantially increased stake in Coke might be a means of playing it safe and hedging his funds' bets. Since Coca-Cola has a presence in all but two countries worldwide (Cuba and North Korea), and its portfolio sports more than 20 brands generating at least $1 billion in annual sales, it's a safe bet to generate modest returns -- or at worst hold up much better than the broader market if a crash or correction strikes.\nCoca-Cola is also a relatively smart inflation play. The company is parsing out a hearty 3.1% yield, has raised its base annual dividend for 59 consecutive years, and its well-known brand makes it easy for the company to pass along higher costs to its customers.\nImage source: Getty Images.\nDavid Tepper (Appaloosa): Macy's\nIn a market dominated by growth stocks, billionaire David Tepper headed to the retail counter in the third quarter and piled into department store Macy's (NYSE:M). Tepper's Appaloosa purchased 3.39 million shares, which lifted the fund's stake to an even 7 million shares.\nScratching your head as to why a successful money manager is buying into an old-school retailer? The answer looks to be Macy's, thus far, solid execution on its three-year Polaris strategy. In no particular order, this strategy includes:\n\nClosing underperforming stores and reducing corporate and store-level staff to cut expenses.\nEmphasizing digital sales channels, which are a high-growth opportunity for the company until the pandemic ends (and perhaps well after).\nIncreasing customer engagement through its loyalty rewards program.\nFocusing its efforts of a small number of higher-margin private brands.\n\nAlthough Macy's has challenges to overcome, such as continuing to pay down more than $6 billion in debt, the initial results show its digitization and branding efforts are paying off. The company ended September with 4.4 million new customers, up 28% from the comparable period in 2019 (i.e., before the pandemic). Additionally, 33% of net sales derived online, up from 23% in Q3 2019.  If these arrows continue to point higher, Tepper may have found himself a bargain.\nImage source: Getty Images.\nIsrael Englander (Millennium Management): AT&T\nLike Ken Griffin, billionaire Israel Englander is a big fan of utilizing put and call options to maximize returns for his fund, Millennium Management. However, the big buy in the third quarter was stodgy telecom giant AT&T (NYSE:T). Englander's fund bought up close to 11.2 million shares, which increased its stake by 165% from the sequential second quarter.\nSimilar to Coca-Cola, buying AT&T is a play on value and stability in a very pricey market. For the time being, it's paying out an inflation-topping 8.6% yield and can be purchased for a little north of 7 times Wall Street's estimated earnings per share this year.\nBut what might have wet Englander's whistle is AT&T's plan to spin off its content arm, WarnerMedia, and combine it with Discovery. Combining forces will save more than $3 billion in annual costs and vastly improve original and sports programming options for streaming customers. Most importantly, it'll allow AT&T to reduce its debt (and its dividend, as well) and focus on growing its wireless business with the ongoing rollout of 5G infrastructure.","news_type":1},"isVote":1,"tweetType":1,"viewCount":494,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":600123955,"gmtCreate":1638098028908,"gmtModify":1638098029009,"author":{"id":"3559297454639767","authorId":"3559297454639767","name":"MJ2317","avatar":"https://static.tigerbbs.com/e630b11b8aefdaa3f6d659668006e6c9","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/600123955","repostId":"2186328507","repostType":4,"repost":{"id":"2186328507","pubTimestamp":1638068211,"share":"https://www.laohu8.com/m/news/2186328507?lang=&edition=full","pubTime":"2021-11-28 10:56","market":"us","language":"en","title":"Up 150% This Year, Is Nvidia Stock a Smart Buy Now?","url":"https://stock-news.laohu8.com/highlight/detail?id=2186328507","media":"Motley Fool","summary":"This chipmaker plays an important role in emerging technologies like the metaverse.","content":"<p>Supply chain disruptions sparked by the pandemic have created problems in numerous industries. For instance, automakers and consumer electronics companies are currently grappling with chip shortages, and those headwinds may last through next year. Of course, that particular problem has actually been a tailwind for chipmakers like <a href=\"https://laohu8.com/S/NVDA\"><b>Nvidia</b> </a>.</p>\n<p>In fact, Nvidia's share price has skyrocketed 150% since the beginning of 2021 and 455% since the beginning of 2020. The company has a market cap of $814 billion as of this writing, making it the world's largest semiconductor business by a wide margin. But after those tremendous gains, is Nvidia stock still a smart buy?</p>\n<p>Let's dive in.</p>\n<h2>The leader in supercomputing</h2>\n<p>Nvidia specializes in accelerated computing. In 1999, the company invented the graphics processing unit (GPU), a chip designed to parallelize compute-intensive tasks. In other words, GPUs can perform thousands of calculations at the same time. For that reason, they are ideal for generating ultra-realistic video game graphics, and they are shaping the future of evolving technologies like augmented reality, virtual reality, and the metaverse.</p>\n<p>However, GPUs also excel at handling complex data center workloads, such as analytics, artificial intelligence, and scientific computing. And last year, Nvidia reinforced its hardware portfolio with the acquisition of Mellanox, a specialist in high-performance networking solutions. That move made Nvidia even more relevant in the data center, expanding the scope of its products. But Nvidia does more than hardware -- it's a full-stack computing company.</p>\n<p>To that end, Nvidia also provides a range of GPU-optimized software, such as TensorFlow for AI training, TensorRT for AI inference, and Rapids for data science workloads. It also offers a range of application frameworks that hasten development such as Merlin&nbsp;for recommender systems, Isaac&nbsp;for robotics, and Drive&nbsp;for autonomous vehicles. In short, Nvidia is an end-to-end solution for accelerated computing.</p>\n<p>More importantly, it has established itself as the industry leader. Its compute platform powers eight of the top 10&nbsp;supercomputers, and Nvidia holds over 90% market share in supercomputer accelerators. Those figures evidence its dominance in the data center, a market that management estimates will reach $100 billion by 2024.</p>\n<p>Likewise, Nvidia chips are still the gold standard for gamers and graphics as it holds 83% market share in discrete GPUs for PCs and over 90% market share in workstation graphics.</p>\n<p>Not surprisingly, Nvidia's financial performance has been impressive.</p>\n<p><img src=\"https://static.tigerbbs.com/7e51fa974c041f70217c30c78752ab06\" tg-width=\"720\" tg-height=\"409\" referrerpolicy=\"no-referrer\"></p>\n<p>Data by YCharts.</p>\n<h2>A robust growth strategy</h2>\n<p>In addition to deploying Nvidia hardware in private data centers, clients can run workloads on Nvidia GPUs in every major public cloud, from <b>Amazon</b> Web Services&nbsp;to<b>&nbsp;Tencent</b>. And Nvidia recently added support for hybrid environments with the launch of AI Enterprise, a suite of software that allows businesses to virtualize AI and analytics workloads across private and public clouds. Virtualization software (in this case, <b>VMware </b>vSphere) creates a pool of resources from the underlying infrastructure, allowing clients to use physical hardware more&nbsp;efficiently.</p>\n<p>To supplement its AI Enterprise suite, Nvidia offers two additional subscription products: Base Command&nbsp;and Fleet Command, which streamline the development and deployment of AI applications. Collectively, all three products are available through Nvidia LaunchPad, a program that provides businesses with immediate access to AI infrastructure.</p>\n<p>However, the more exciting subscription product is Omniverse. This revolutionary platform took Nvidia nearly five years to develop, and it's finally live. Omniverse accelerates 3D workflows by enabling real-time collaboration among creators like architects, engineers, and game developers across a range of 3D design software. It also serves as a simulation engine&nbsp;capable of generating physically accurate synthetic data, meaning Omniverse can be used to train AI models that power autonomous robots and self-driving cars.</p>\n<p>That's incredible, but those use cases only scratch the surface. For instance, Nvidia recently announced Omniverse Avatar, a platform capable of generating AI avatars -- digital automatons that can see, speak, think, and understand. That technology could revolutionize customer service and empower every person with an intelligent digital assistant. In short, Omniverse is a stepping stone to the metaverse, and Nvidia has already established itself as a key player.</p>\n<p>More broadly, the company's foray into subscription software should translate into a stable revenue stream in the years ahead.</p>\n<h2>Some concerns about valuation</h2>\n<p>Currently, Nvidia stock trades at 34 times sales, an incredible premium compared to chipmakers like <b>Advanced Micro Devices</b> and <b>Intel</b>, which trade at about 13 and three times sales, respectively. Perhaps more concerning, Nvidia's current price-to-sales multiple is two times higher than its average over the last three years (and the highest it has been in decades). Put simply, this stock looks very expensive.</p>\n<p>On the flip side, Nvidia's dominance in accelerated computing has made it a key player in several emerging industries, from artificial intelligence and augmented reality to robotics and the metaverse. And the visionary leadership of founder and CEO Jensen Huang should keep the company on a good trajectory.</p>\n<p>Looking ahead, I certainly think Nvidia can grow its business over the long term, but I'm less certain the stock can beat the market in the near term. For that reason, if you have plenty of time on your hands -- and you're prepared for volatility -- I think it's okay to buy a few shares today. But start small, and build a position slowly through dollar-cost averaging.</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>Up 150% This Year, Is Nvidia Stock a Smart Buy Now?</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\">\nUp 150% This Year, Is Nvidia Stock a Smart Buy Now?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-28 10:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/11/27/up-150-this-year-is-nvidia-stock-a-smart-buy-now/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Supply chain disruptions sparked by the pandemic have created problems in numerous industries. For instance, automakers and consumer electronics companies are currently grappling with chip shortages, ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/11/27/up-150-this-year-is-nvidia-stock-a-smart-buy-now/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达"},"source_url":"https://www.fool.com/investing/2021/11/27/up-150-this-year-is-nvidia-stock-a-smart-buy-now/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2186328507","content_text":"Supply chain disruptions sparked by the pandemic have created problems in numerous industries. For instance, automakers and consumer electronics companies are currently grappling with chip shortages, and those headwinds may last through next year. Of course, that particular problem has actually been a tailwind for chipmakers like Nvidia .\nIn fact, Nvidia's share price has skyrocketed 150% since the beginning of 2021 and 455% since the beginning of 2020. The company has a market cap of $814 billion as of this writing, making it the world's largest semiconductor business by a wide margin. But after those tremendous gains, is Nvidia stock still a smart buy?\nLet's dive in.\nThe leader in supercomputing\nNvidia specializes in accelerated computing. In 1999, the company invented the graphics processing unit (GPU), a chip designed to parallelize compute-intensive tasks. In other words, GPUs can perform thousands of calculations at the same time. For that reason, they are ideal for generating ultra-realistic video game graphics, and they are shaping the future of evolving technologies like augmented reality, virtual reality, and the metaverse.\nHowever, GPUs also excel at handling complex data center workloads, such as analytics, artificial intelligence, and scientific computing. And last year, Nvidia reinforced its hardware portfolio with the acquisition of Mellanox, a specialist in high-performance networking solutions. That move made Nvidia even more relevant in the data center, expanding the scope of its products. But Nvidia does more than hardware -- it's a full-stack computing company.\nTo that end, Nvidia also provides a range of GPU-optimized software, such as TensorFlow for AI training, TensorRT for AI inference, and Rapids for data science workloads. It also offers a range of application frameworks that hasten development such as Merlin for recommender systems, Isaac for robotics, and Drive for autonomous vehicles. In short, Nvidia is an end-to-end solution for accelerated computing.\nMore importantly, it has established itself as the industry leader. Its compute platform powers eight of the top 10 supercomputers, and Nvidia holds over 90% market share in supercomputer accelerators. Those figures evidence its dominance in the data center, a market that management estimates will reach $100 billion by 2024.\nLikewise, Nvidia chips are still the gold standard for gamers and graphics as it holds 83% market share in discrete GPUs for PCs and over 90% market share in workstation graphics.\nNot surprisingly, Nvidia's financial performance has been impressive.\n\nData by YCharts.\nA robust growth strategy\nIn addition to deploying Nvidia hardware in private data centers, clients can run workloads on Nvidia GPUs in every major public cloud, from Amazon Web Services to Tencent. And Nvidia recently added support for hybrid environments with the launch of AI Enterprise, a suite of software that allows businesses to virtualize AI and analytics workloads across private and public clouds. Virtualization software (in this case, VMware vSphere) creates a pool of resources from the underlying infrastructure, allowing clients to use physical hardware more efficiently.\nTo supplement its AI Enterprise suite, Nvidia offers two additional subscription products: Base Command and Fleet Command, which streamline the development and deployment of AI applications. Collectively, all three products are available through Nvidia LaunchPad, a program that provides businesses with immediate access to AI infrastructure.\nHowever, the more exciting subscription product is Omniverse. This revolutionary platform took Nvidia nearly five years to develop, and it's finally live. Omniverse accelerates 3D workflows by enabling real-time collaboration among creators like architects, engineers, and game developers across a range of 3D design software. It also serves as a simulation engine capable of generating physically accurate synthetic data, meaning Omniverse can be used to train AI models that power autonomous robots and self-driving cars.\nThat's incredible, but those use cases only scratch the surface. For instance, Nvidia recently announced Omniverse Avatar, a platform capable of generating AI avatars -- digital automatons that can see, speak, think, and understand. That technology could revolutionize customer service and empower every person with an intelligent digital assistant. In short, Omniverse is a stepping stone to the metaverse, and Nvidia has already established itself as a key player.\nMore broadly, the company's foray into subscription software should translate into a stable revenue stream in the years ahead.\nSome concerns about valuation\nCurrently, Nvidia stock trades at 34 times sales, an incredible premium compared to chipmakers like Advanced Micro Devices and Intel, which trade at about 13 and three times sales, respectively. Perhaps more concerning, Nvidia's current price-to-sales multiple is two times higher than its average over the last three years (and the highest it has been in decades). Put simply, this stock looks very expensive.\nOn the flip side, Nvidia's dominance in accelerated computing has made it a key player in several emerging industries, from artificial intelligence and augmented reality to robotics and the metaverse. And the visionary leadership of founder and CEO Jensen Huang should keep the company on a good trajectory.\nLooking ahead, I certainly think Nvidia can grow its business over the long term, but I'm less certain the stock can beat the market in the near term. For that reason, if you have plenty of time on your hands -- and you're prepared for volatility -- I think it's okay to buy a few shares today. But start small, and build a position slowly through dollar-cost averaging.","news_type":1},"isVote":1,"tweetType":1,"viewCount":362,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":874741637,"gmtCreate":1637830134081,"gmtModify":1637830134173,"author":{"id":"3559297454639767","authorId":"3559297454639767","name":"MJ2317","avatar":"https://static.tigerbbs.com/e630b11b8aefdaa3f6d659668006e6c9","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Done&nbsp;","listText":"Done&nbsp;","text":"Done","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/874741637","repostId":"1105943125","repostType":4,"isVote":1,"tweetType":1,"viewCount":490,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":874690728,"gmtCreate":1637764639613,"gmtModify":1637764639709,"author":{"id":"3559297454639767","authorId":"3559297454639767","name":"MJ2317","avatar":"https://static.tigerbbs.com/e630b11b8aefdaa3f6d659668006e6c9","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/874690728","repostId":"1149443792","repostType":4,"isVote":1,"tweetType":1,"viewCount":307,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":875122634,"gmtCreate":1637626825025,"gmtModify":1637626825122,"author":{"id":"3559297454639767","authorId":"3559297454639767","name":"MJ2317","avatar":"https://static.tigerbbs.com/e630b11b8aefdaa3f6d659668006e6c9","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/875122634","repostId":"2185478805","repostType":2,"isVote":1,"tweetType":1,"viewCount":400,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":872459864,"gmtCreate":1637564295665,"gmtModify":1637564295831,"author":{"id":"3559297454639767","authorId":"3559297454639767","name":"MJ2317","avatar":"https://static.tigerbbs.com/e630b11b8aefdaa3f6d659668006e6c9","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Ok&nbsp;","listText":"Ok&nbsp;","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/872459864","repostId":"1153786917","repostType":4,"isVote":1,"tweetType":1,"viewCount":743,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":872459382,"gmtCreate":1637564263996,"gmtModify":1637564264128,"author":{"id":"3559297454639767","authorId":"3559297454639767","name":"MJ2317","avatar":"https://static.tigerbbs.com/e630b11b8aefdaa3f6d659668006e6c9","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Ok&nbsp;","listText":"Ok&nbsp;","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/872459382","repostId":"1142428650","repostType":4,"isVote":1,"tweetType":1,"viewCount":540,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":872450457,"gmtCreate":1637564202323,"gmtModify":1637564202429,"author":{"id":"3559297454639767","authorId":"3559297454639767","name":"MJ2317","avatar":"https://static.tigerbbs.com/e630b11b8aefdaa3f6d659668006e6c9","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/872450457","repostId":"1114542201","repostType":4,"repost":{"id":"1114542201","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":1637335740,"share":"https://www.laohu8.com/m/news/1114542201?lang=&edition=full","pubTime":"2021-11-19 23:29","market":"us","language":"en","title":"Boeing Dreamliner Defects Bog Down Production","url":"https://stock-news.laohu8.com/highlight/detail?id=1114542201","media":"Tiger Newspress","summary":"Boeing stock dropped 4% in morning trading as Boeing Dreamliner defected bog down production.\n\nBoein","content":"<p>Boeing stock dropped 4% in morning trading&nbsp;as&nbsp;Boeing Dreamliner defected bog down production.</p>\n<p><img src=\"https://static.tigerbbs.com/3c6c1e62a6a6a253da601f54af830508\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>\n<p>Boeing&nbsp;Co.&nbsp;has further slowed production of 787 Dreamliners as&nbsp;it addresses defects&nbsp;that&nbsp;are delaying deliveries of new jets&nbsp;and complicating airlines’ plans, people familiar with the matter said.</p>\n<p>The plane maker is holding off completing the new wide-body jets at its North Charleston, S.C., factory as workers and engineers address problems related to areas surrounding passenger and cargo doors on aircraft already under construction, these people said.</p>\n<p>The latest production slowdown began in recent days and could last a few weeks as Boeing seeks expertise from other aerospace manufacturers in addressing the door issue, some of these people said. In late October, Boeing disclosed it was producing about two Dreamliners a month, down from a planned monthly rate of five,to resolve production issues.</p>\n<p>A string of production snafus has hampered Boeing’s ability to deliver new Dreamliners for much of the last year, fueling the manufacturer’s financial losses and making it difficult for airlines to build schedules for jets often used in international travel. The plane maker has faced increased scrutiny internally, by air-safety regulators and lawmakers after two of its 737 MAX jets crashed in 2018 and 2019, claiming 346 lives.</p>\n<p>A Boeing spokeswoman said work continues at its Dreamliner factory and production “rates will continue to be dynamic” as the manufacturer focuses on resuming normal assembly, performs inspections and repairs finished aircraft awaiting delivery.</p>\n<p>Boeing is increasingly likely to restart handing over new Dreamliners to its customers in February or March at the earliest, longer than previously anticipated, people familiar with the matter said.</p>\n<p>The company has been seeking Federal Aviation Administration approval for its proposed pre-delivery inspections to ensure new aircraft meet federal rules and match Boeing’s regulator-approved designs. An FAA spokesman said the agency won’t sign off on inspections until its safety experts are satisfied.</p>\n<p>“This is a case of us looking at every single aspect of design and manufacturing with the airplane, making sure that we’re complying, we’re conforming to the design and we will bring that airplane back as soon as that makes sense,” Ihssane Mounir, Boeing’s commercial sales chief, said Nov. 13 at an air show in Dubai.</p>\n<p>In an Oct. 27 call with analysts, Chief Executive David Calhoun said&nbsp;defective titanium parts&nbsp;were the “long pole in the tent” among remaining production problems to address.</p>\n<p>The door issue has since emerged as the most vexing among Boeing’s 787 problems, people familiar with the matter said. Other defects being addressed are related to items such as certain aluminum parts and windows, some of these people said. Boeing&nbsp;has largely been dealing with tiny gaps&nbsp;where sections of the aircraft join together. Such gaps could lead to premature fatigue that may require repairs sooner than anticipated.</p>\n<p>The Boeing spokeswoman said the company is confident its approach would lead to stability in its 787 production. “We are taking the time needed to ensure the highest levels of quality,” she said.</p>\n<p>None of the defects being addressed pose immediate safety concerns with Dreamliners currently flying, the Boeing spokeswoman said.</p>\n<p>With deliveries largely halted since October 2020, the Chicago-based aerospace giant said it had built up an inventory of 105 Dreamliners as of the end of the third quarter this year, according to securities filings. The undelivered jets are worth more than $25 billion.</p>\n<p>The delivery halt has choked off an important source of cash flow for Boeing as it emerges from the coronavirus pandemic’s blow to aircraft demand. It is also complicating airlines’ plans as international travel rebounds. Dreamliners are Boeing’s flagship wide-body jets and are often used on long-haul flights.</p>\n<p>American Airlines Group&nbsp;Inc.&nbsp;said it had trimmed its flying plans due to the delayed arrival of its new 787s.</p>\n<p>“Due to the continued uncertainty in the delivery schedule, we have proactively removed these aircraft from our winter schedule to minimize potential passenger disruption,” Derek Kerr, the airline’s finance chief, said on an Oct. 21 earnings call.</p>\n<p>The FAA launched a broad review of Boeing’s Dreamliner production in late 2020.</p>\n<p>On Thursday, Democratic and Republican leaders of the U.S. House Transportation Committee and its aviation subcommittee requested that the Department of Transportation’s inspector general review the FAA’s manufacturing oversight and “the effectiveness of the FAA’s actions to resolve 787 production issues,” according to a letter reviewed by The Wall Street Journal.</p>\n<p>Representatives of the DOT’s inspector general’s office didn’t immediately respond to requests for comment.</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>Boeing Dreamliner Defects Bog Down Production</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\">\nBoeing Dreamliner Defects Bog Down Production\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\">2021-11-19 23:29</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Boeing stock dropped 4% in morning trading&nbsp;as&nbsp;Boeing Dreamliner defected bog down production.</p>\n<p><img src=\"https://static.tigerbbs.com/3c6c1e62a6a6a253da601f54af830508\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>\n<p>Boeing&nbsp;Co.&nbsp;has further slowed production of 787 Dreamliners as&nbsp;it addresses defects&nbsp;that&nbsp;are delaying deliveries of new jets&nbsp;and complicating airlines’ plans, people familiar with the matter said.</p>\n<p>The plane maker is holding off completing the new wide-body jets at its North Charleston, S.C., factory as workers and engineers address problems related to areas surrounding passenger and cargo doors on aircraft already under construction, these people said.</p>\n<p>The latest production slowdown began in recent days and could last a few weeks as Boeing seeks expertise from other aerospace manufacturers in addressing the door issue, some of these people said. In late October, Boeing disclosed it was producing about two Dreamliners a month, down from a planned monthly rate of five,to resolve production issues.</p>\n<p>A string of production snafus has hampered Boeing’s ability to deliver new Dreamliners for much of the last year, fueling the manufacturer’s financial losses and making it difficult for airlines to build schedules for jets often used in international travel. The plane maker has faced increased scrutiny internally, by air-safety regulators and lawmakers after two of its 737 MAX jets crashed in 2018 and 2019, claiming 346 lives.</p>\n<p>A Boeing spokeswoman said work continues at its Dreamliner factory and production “rates will continue to be dynamic” as the manufacturer focuses on resuming normal assembly, performs inspections and repairs finished aircraft awaiting delivery.</p>\n<p>Boeing is increasingly likely to restart handing over new Dreamliners to its customers in February or March at the earliest, longer than previously anticipated, people familiar with the matter said.</p>\n<p>The company has been seeking Federal Aviation Administration approval for its proposed pre-delivery inspections to ensure new aircraft meet federal rules and match Boeing’s regulator-approved designs. An FAA spokesman said the agency won’t sign off on inspections until its safety experts are satisfied.</p>\n<p>“This is a case of us looking at every single aspect of design and manufacturing with the airplane, making sure that we’re complying, we’re conforming to the design and we will bring that airplane back as soon as that makes sense,” Ihssane Mounir, Boeing’s commercial sales chief, said Nov. 13 at an air show in Dubai.</p>\n<p>In an Oct. 27 call with analysts, Chief Executive David Calhoun said&nbsp;defective titanium parts&nbsp;were the “long pole in the tent” among remaining production problems to address.</p>\n<p>The door issue has since emerged as the most vexing among Boeing’s 787 problems, people familiar with the matter said. Other defects being addressed are related to items such as certain aluminum parts and windows, some of these people said. Boeing&nbsp;has largely been dealing with tiny gaps&nbsp;where sections of the aircraft join together. Such gaps could lead to premature fatigue that may require repairs sooner than anticipated.</p>\n<p>The Boeing spokeswoman said the company is confident its approach would lead to stability in its 787 production. “We are taking the time needed to ensure the highest levels of quality,” she said.</p>\n<p>None of the defects being addressed pose immediate safety concerns with Dreamliners currently flying, the Boeing spokeswoman said.</p>\n<p>With deliveries largely halted since October 2020, the Chicago-based aerospace giant said it had built up an inventory of 105 Dreamliners as of the end of the third quarter this year, according to securities filings. The undelivered jets are worth more than $25 billion.</p>\n<p>The delivery halt has choked off an important source of cash flow for Boeing as it emerges from the coronavirus pandemic’s blow to aircraft demand. It is also complicating airlines’ plans as international travel rebounds. Dreamliners are Boeing’s flagship wide-body jets and are often used on long-haul flights.</p>\n<p>American Airlines Group&nbsp;Inc.&nbsp;said it had trimmed its flying plans due to the delayed arrival of its new 787s.</p>\n<p>“Due to the continued uncertainty in the delivery schedule, we have proactively removed these aircraft from our winter schedule to minimize potential passenger disruption,” Derek Kerr, the airline’s finance chief, said on an Oct. 21 earnings call.</p>\n<p>The FAA launched a broad review of Boeing’s Dreamliner production in late 2020.</p>\n<p>On Thursday, Democratic and Republican leaders of the U.S. House Transportation Committee and its aviation subcommittee requested that the Department of Transportation’s inspector general review the FAA’s manufacturing oversight and “the effectiveness of the FAA’s actions to resolve 787 production issues,” according to a letter reviewed by The Wall Street Journal.</p>\n<p>Representatives of the DOT’s inspector general’s office didn’t immediately respond to requests for comment.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BA":"波音"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114542201","content_text":"Boeing stock dropped 4% in morning trading as Boeing Dreamliner defected bog down production.\n\nBoeing Co. has further slowed production of 787 Dreamliners as it addresses defects that are delaying deliveries of new jets and complicating airlines’ plans, people familiar with the matter said.\nThe plane maker is holding off completing the new wide-body jets at its North Charleston, S.C., factory as workers and engineers address problems related to areas surrounding passenger and cargo doors on aircraft already under construction, these people said.\nThe latest production slowdown began in recent days and could last a few weeks as Boeing seeks expertise from other aerospace manufacturers in addressing the door issue, some of these people said. In late October, Boeing disclosed it was producing about two Dreamliners a month, down from a planned monthly rate of five,to resolve production issues.\nA string of production snafus has hampered Boeing’s ability to deliver new Dreamliners for much of the last year, fueling the manufacturer’s financial losses and making it difficult for airlines to build schedules for jets often used in international travel. The plane maker has faced increased scrutiny internally, by air-safety regulators and lawmakers after two of its 737 MAX jets crashed in 2018 and 2019, claiming 346 lives.\nA Boeing spokeswoman said work continues at its Dreamliner factory and production “rates will continue to be dynamic” as the manufacturer focuses on resuming normal assembly, performs inspections and repairs finished aircraft awaiting delivery.\nBoeing is increasingly likely to restart handing over new Dreamliners to its customers in February or March at the earliest, longer than previously anticipated, people familiar with the matter said.\nThe company has been seeking Federal Aviation Administration approval for its proposed pre-delivery inspections to ensure new aircraft meet federal rules and match Boeing’s regulator-approved designs. An FAA spokesman said the agency won’t sign off on inspections until its safety experts are satisfied.\n“This is a case of us looking at every single aspect of design and manufacturing with the airplane, making sure that we’re complying, we’re conforming to the design and we will bring that airplane back as soon as that makes sense,” Ihssane Mounir, Boeing’s commercial sales chief, said Nov. 13 at an air show in Dubai.\nIn an Oct. 27 call with analysts, Chief Executive David Calhoun said defective titanium parts were the “long pole in the tent” among remaining production problems to address.\nThe door issue has since emerged as the most vexing among Boeing’s 787 problems, people familiar with the matter said. Other defects being addressed are related to items such as certain aluminum parts and windows, some of these people said. Boeing has largely been dealing with tiny gaps where sections of the aircraft join together. Such gaps could lead to premature fatigue that may require repairs sooner than anticipated.\nThe Boeing spokeswoman said the company is confident its approach would lead to stability in its 787 production. “We are taking the time needed to ensure the highest levels of quality,” she said.\nNone of the defects being addressed pose immediate safety concerns with Dreamliners currently flying, the Boeing spokeswoman said.\nWith deliveries largely halted since October 2020, the Chicago-based aerospace giant said it had built up an inventory of 105 Dreamliners as of the end of the third quarter this year, according to securities filings. The undelivered jets are worth more than $25 billion.\nThe delivery halt has choked off an important source of cash flow for Boeing as it emerges from the coronavirus pandemic’s blow to aircraft demand. It is also complicating airlines’ plans as international travel rebounds. Dreamliners are Boeing’s flagship wide-body jets and are often used on long-haul flights.\nAmerican Airlines Group Inc. said it had trimmed its flying plans due to the delayed arrival of its new 787s.\n“Due to the continued uncertainty in the delivery schedule, we have proactively removed these aircraft from our winter schedule to minimize potential passenger disruption,” Derek Kerr, the airline’s finance chief, said on an Oct. 21 earnings call.\nThe FAA launched a broad review of Boeing’s Dreamliner production in late 2020.\nOn Thursday, Democratic and Republican leaders of the U.S. House Transportation Committee and its aviation subcommittee requested that the Department of Transportation’s inspector general review the FAA’s manufacturing oversight and “the effectiveness of the FAA’s actions to resolve 787 production issues,” according to a letter reviewed by The Wall Street Journal.\nRepresentatives of the DOT’s inspector general’s office didn’t immediately respond to requests for comment.","news_type":1},"isVote":1,"tweetType":1,"viewCount":393,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":872450876,"gmtCreate":1637564117233,"gmtModify":1637564117337,"author":{"id":"3559297454639767","authorId":"3559297454639767","name":"MJ2317","avatar":"https://static.tigerbbs.com/e630b11b8aefdaa3f6d659668006e6c9","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/872450876","repostId":"1199324282","repostType":4,"repost":{"id":"1199324282","pubTimestamp":1637563153,"share":"https://www.laohu8.com/m/news/1199324282?lang=&edition=full","pubTime":"2021-11-22 14:39","market":"us","language":"en","title":"We're in a 'Kids Market,' so Don't Give up on Value Strategies","url":"https://stock-news.laohu8.com/highlight/detail?id=1199324282","media":"Thestreet","summary":"Here’s yet another sign that the bull market is getting long in the tooth: “Older” and “wiser” inves","content":"<p>Here’s yet another sign that the bull market is getting long in the tooth: “Older” and “wiser” investors are being dismissed as hopelessly old-fashioned, while those young enough to have never experienced a major bear market are making a killing.</p>\n<p>There is no shortage of examples, but a perfect illustration is&nbsp;a comment attributed to David Portnoy in the summer of 2020. Portnoy, of course, is the internet celebrity and founder of Barstool Sports. After reportedly producing a day-trading profit of close to $5 million in just two months’ time, he said:“I’m sure Warren Buffett is a great guy but when it comes to stocks he is washed up<i>.</i>”</p>\n<p>I need not remind you that Buffett, widely considered the most successful long-term investor alive today, is 91 years old.</p>\n<p>This attitude towards our elders reminds me of what Adam Smith, the pseudonymous author of the classic book in the late 1960s titled “The Money Game,” called a “kids’ market.” He was referring to speculative periods in which the investors making the most money are too young to remember prior major bear markets.</p>\n<p>To illustrate, Smith introduced readers to a Wall Street manager who went by the name The Great Winfield, who only hired traders who were in their 20s: “The strength of my kids is that they are too young to remember anything bad, and they are making so much money that they feel invincible,” Winfield was quoted as saying. “Now you know and I know that one day the orchestra will stop playing and the wind will rattle through the broken window panes, and the anticipation of this freezes [the rest of] us” who are old enough to remember.</p>\n<p>(For the record, I should stress that Portnoy is in his 40s, not his 20s. But his attitude is paradigmatic of what Smith had in mind.)</p>\n<p>Smith referred to the stocks that the “kids” were buying as “swinger stocks,” which at the time he wrote his book had names like “data processing” or “computer” in their names. Today the swingers are securities such as Tesla&nbsp;(<b>TSLA</b>), bitcoin, GameStop&nbsp;(<b>GME</b>), AMC Entertainment&nbsp;(<b>AMC</b>), Inc. Class A Report&nbsp;and other meme stocks. But the underlying pattern is the same.</p>\n<p>As Smith recounted it, Winfield ridiculed at an older manager who raised doubts about “swinger” stocks. “Look at the skepticism on the face of this dirty old man… Look at him, framing questions about depreciation” and the like. “You can’t make any money with questions like that… Memory can get in the way of such a jolly market.”</p>\n<p>Growth vs. Value</p>\n<p>Nowhere on Wall Street is the Kids’ Market more obvious than in the contrast between, on the one hand, the headline-grabbing returns of high-flying growth stocks and, on the other, the market-lagging performance of value stocks. Value stocks tend to be favored by more seasoned investors, those who have lived through a prior major bear market.</p>\n<p>As is widely known, value stocks have suffered mightily in recent years, in contrast to its record over the previous century in which they came out well ahead. And their market-lagging returns are exacting a toll on the editors of value-oriented newsletters. Their performances have suffered so much that some have thrown in the towel and stopped publishing altogether, and others are seriously considering it.</p>\n<p>A consistent theme emerges in my conversations with some of these editors: Investors in recent years have stopped wanting to pay for advice. Why should they when the market is skyrocketing and on Reddit you can get free advice about the latest meme stocks on whose bandwagon we should jump?</p>\n<p>The answer, of course, is that advice becomes most worthwhile when the market is struggling. When the market is soaring, everyone looks like a genius. This is the source of the age-old wisdom that we shouldn’t confuse brains with a bull market.</p>\n<p>For an historical perspective, it’s instructive to compare the market-lagging performance of value advisers in recent years with their market-beating returns after the internet bubble burst in early 2000. The bursting of that bubble, of course, represented the end of the last significant period in which value had lagged growth.</p>\n<p>To conduct this comparison, I focused on those newsletters in the Hulbert Financial Digest’s performance database that are closest to the value end of the spectrum.</p>\n<p>I did this by measuring the extent of each newsletter’s correlation with thevalue stock index created by University of Chicago finance professor (and Nobel laureate) Eugene Fama and Dartmouth professor Ken French. Eight newsletters were correlated to a statistically significant degree.</p>\n<p><img src=\"https://static.tigerbbs.com/3d433a215ec4fa806a3982f9083946c5\" tg-width=\"1200\" tg-height=\"628\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p>The accompanying chart plots these newsletters’ average returns. As you can see, these eight newsletters over the past five years not surprisingly lagged the S&amp;P 500 on a total return basis by 4.3 annualized percentage points. Yet in the 2000-2002 bear market that occurred in the wake of the bursting of the internet bubble, these eight newsletters actually made money (1.1% annualized) while the S&amp;P 500 was producing an annualized loss of 20.7%.</p>\n<p>It’s impossible to know whether value stock strategies in general, and value-oriented newsletters in particular, will outperform growth stocks by similar margins in the next bear market. But I wouldn’t be surprised. Growth stocks currently are priced on the assumption that their growth will continue more or less indefinitely. A recession, which inevitably will happen sooner or later, will remind all of us that this assumption is dangerously wrong.</p>\n<p>The bottom line? Think twice before giving up on value strategies.</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>We're in a 'Kids Market,' so Don't Give up on Value Strategies</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\">\nWe're in a 'Kids Market,' so Don't Give up on Value Strategies\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-22 14:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/investing/were-in-a-kids-market-invest-accordingly?puc=yahoo&cm_ven=YAHOO><strong>Thestreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Here’s yet another sign that the bull market is getting long in the tooth: “Older” and “wiser” investors are being dismissed as hopelessly old-fashioned, while those young enough to have never ...</p>\n\n<a href=\"https://www.thestreet.com/investing/were-in-a-kids-market-invest-accordingly?puc=yahoo&cm_ven=YAHOO\">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"},"source_url":"https://www.thestreet.com/investing/were-in-a-kids-market-invest-accordingly?puc=yahoo&cm_ven=YAHOO","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199324282","content_text":"Here’s yet another sign that the bull market is getting long in the tooth: “Older” and “wiser” investors are being dismissed as hopelessly old-fashioned, while those young enough to have never experienced a major bear market are making a killing.\nThere is no shortage of examples, but a perfect illustration is a comment attributed to David Portnoy in the summer of 2020. Portnoy, of course, is the internet celebrity and founder of Barstool Sports. After reportedly producing a day-trading profit of close to $5 million in just two months’ time, he said:“I’m sure Warren Buffett is a great guy but when it comes to stocks he is washed up.”\nI need not remind you that Buffett, widely considered the most successful long-term investor alive today, is 91 years old.\nThis attitude towards our elders reminds me of what Adam Smith, the pseudonymous author of the classic book in the late 1960s titled “The Money Game,” called a “kids’ market.” He was referring to speculative periods in which the investors making the most money are too young to remember prior major bear markets.\nTo illustrate, Smith introduced readers to a Wall Street manager who went by the name The Great Winfield, who only hired traders who were in their 20s: “The strength of my kids is that they are too young to remember anything bad, and they are making so much money that they feel invincible,” Winfield was quoted as saying. “Now you know and I know that one day the orchestra will stop playing and the wind will rattle through the broken window panes, and the anticipation of this freezes [the rest of] us” who are old enough to remember.\n(For the record, I should stress that Portnoy is in his 40s, not his 20s. But his attitude is paradigmatic of what Smith had in mind.)\nSmith referred to the stocks that the “kids” were buying as “swinger stocks,” which at the time he wrote his book had names like “data processing” or “computer” in their names. Today the swingers are securities such as Tesla (TSLA), bitcoin, GameStop (GME), AMC Entertainment (AMC), Inc. Class A Report and other meme stocks. But the underlying pattern is the same.\nAs Smith recounted it, Winfield ridiculed at an older manager who raised doubts about “swinger” stocks. “Look at the skepticism on the face of this dirty old man… Look at him, framing questions about depreciation” and the like. “You can’t make any money with questions like that… Memory can get in the way of such a jolly market.”\nGrowth vs. Value\nNowhere on Wall Street is the Kids’ Market more obvious than in the contrast between, on the one hand, the headline-grabbing returns of high-flying growth stocks and, on the other, the market-lagging performance of value stocks. Value stocks tend to be favored by more seasoned investors, those who have lived through a prior major bear market.\nAs is widely known, value stocks have suffered mightily in recent years, in contrast to its record over the previous century in which they came out well ahead. And their market-lagging returns are exacting a toll on the editors of value-oriented newsletters. Their performances have suffered so much that some have thrown in the towel and stopped publishing altogether, and others are seriously considering it.\nA consistent theme emerges in my conversations with some of these editors: Investors in recent years have stopped wanting to pay for advice. Why should they when the market is skyrocketing and on Reddit you can get free advice about the latest meme stocks on whose bandwagon we should jump?\nThe answer, of course, is that advice becomes most worthwhile when the market is struggling. When the market is soaring, everyone looks like a genius. This is the source of the age-old wisdom that we shouldn’t confuse brains with a bull market.\nFor an historical perspective, it’s instructive to compare the market-lagging performance of value advisers in recent years with their market-beating returns after the internet bubble burst in early 2000. The bursting of that bubble, of course, represented the end of the last significant period in which value had lagged growth.\nTo conduct this comparison, I focused on those newsletters in the Hulbert Financial Digest’s performance database that are closest to the value end of the spectrum.\nI did this by measuring the extent of each newsletter’s correlation with thevalue stock index created by University of Chicago finance professor (and Nobel laureate) Eugene Fama and Dartmouth professor Ken French. Eight newsletters were correlated to a statistically significant degree.\n\nThe accompanying chart plots these newsletters’ average returns. As you can see, these eight newsletters over the past five years not surprisingly lagged the S&P 500 on a total return basis by 4.3 annualized percentage points. Yet in the 2000-2002 bear market that occurred in the wake of the bursting of the internet bubble, these eight newsletters actually made money (1.1% annualized) while the S&P 500 was producing an annualized loss of 20.7%.\nIt’s impossible to know whether value stock strategies in general, and value-oriented newsletters in particular, will outperform growth stocks by similar margins in the next bear market. But I wouldn’t be surprised. Growth stocks currently are priced on the assumption that their growth will continue more or less indefinitely. A recession, which inevitably will happen sooner or later, will remind all of us that this assumption is dangerously wrong.\nThe bottom line? Think twice before giving up on value strategies.","news_type":1},"isVote":1,"tweetType":1,"viewCount":194,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":876849151,"gmtCreate":1637295466551,"gmtModify":1637295466698,"author":{"id":"3559297454639767","authorId":"3559297454639767","name":"MJ2317","avatar":"https://static.tigerbbs.com/e630b11b8aefdaa3f6d659668006e6c9","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Hmm","listText":"Hmm","text":"Hmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/876849151","repostId":"2184189467","repostType":4,"repost":{"id":"2184189467","pubTimestamp":1637288187,"share":"https://www.laohu8.com/m/news/2184189467?lang=&edition=full","pubTime":"2021-11-19 10:16","market":"us","language":"en","title":"Is this stock the next Amazon?","url":"https://stock-news.laohu8.com/highlight/detail?id=2184189467","media":"Yahoo Finance","summary":"Amazon's stock was priced at $18 when it went public in 1997. Today, the stock trades for more than ","content":"<p><a href=\"https://laohu8.com/S/AMZN\">Amazon</a>'s stock was priced at $18 when it went public in 1997. Today, the stock trades for more than $3,600 as the tech behemoth has cashed in on surging markets such as cloud services and online retail.</p>\n<p>Veteran tech analyst Mark Mahaney of Evercore ISI thinks <a href=\"https://laohu8.com/S/UBER\">Uber </a> could be the next Amazon-like investment as it capitalizes on its own expanding market known as the on-demand economy.</p>\n<p>\"To me, Uber fits the bill of a still early stage company that has massive TAMs (total addressable markets). It's not founder led and that is one negative. But it has a compelling value proposition,\" Mahaney said on Yahoo Finance Live.</p>\n<p>Mahaney — the author of new tech investment book Nothing But Net — believes Uber has an opportunity to take advantage of hot growth markets like ride-hailing and delivery.</p>\n<p>\"The total addressable markets that Uber faces are truly massive. We are talking about ride-hailing and delivery, not just restaurant food delivery but all sorts of delivery. I call those trillion dollar TAMs,\" Mahaney explained.</p>\n<p>After a disastrous IPO in 2019, Uber has begun to show it's getting its act together. The company has sold off non-core assets to slash expenses, while also investing more behind its core businesses of ride-hailing and delivery.</p>\n<p>Uber's third quarter marked the first time as a public company in which it delivered adjusted operating profits. Third quarter bookings rose 57% from the prior year as mobility picked up with the COVID-19 pandemic rounding the corner.</p>\n<p>For the fourth quarter, Uber sees adjusted operating profits in a range of $25 million to $75 million.</p>\n<p>Despite the operational progress, Uber has a ways to go to show it could be an Amazon-like stock as Mahaney suggests.</p>\n<p>Uber shares are down 12% year to date, under-performing rival Lyft (LYFT) whose stock is unchanged on the year. At $44.59 currently, Uber's stock trades below its 2019 IPO pricing of $45.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is this stock the next Amazon?</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\">\nIs this stock the next Amazon?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-19 10:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/is-this-stock-the-next-amazon-203512088.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Amazon's stock was priced at $18 when it went public in 1997. Today, the stock trades for more than $3,600 as the tech behemoth has cashed in on surging markets such as cloud services and online ...</p>\n\n<a href=\"https://finance.yahoo.com/news/is-this-stock-the-next-amazon-203512088.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊","UBER":"优步"},"source_url":"https://finance.yahoo.com/news/is-this-stock-the-next-amazon-203512088.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2184189467","content_text":"Amazon's stock was priced at $18 when it went public in 1997. Today, the stock trades for more than $3,600 as the tech behemoth has cashed in on surging markets such as cloud services and online retail.\nVeteran tech analyst Mark Mahaney of Evercore ISI thinks Uber  could be the next Amazon-like investment as it capitalizes on its own expanding market known as the on-demand economy.\n\"To me, Uber fits the bill of a still early stage company that has massive TAMs (total addressable markets). It's not founder led and that is one negative. But it has a compelling value proposition,\" Mahaney said on Yahoo Finance Live.\nMahaney — the author of new tech investment book Nothing But Net — believes Uber has an opportunity to take advantage of hot growth markets like ride-hailing and delivery.\n\"The total addressable markets that Uber faces are truly massive. We are talking about ride-hailing and delivery, not just restaurant food delivery but all sorts of delivery. I call those trillion dollar TAMs,\" Mahaney explained.\nAfter a disastrous IPO in 2019, Uber has begun to show it's getting its act together. The company has sold off non-core assets to slash expenses, while also investing more behind its core businesses of ride-hailing and delivery.\nUber's third quarter marked the first time as a public company in which it delivered adjusted operating profits. Third quarter bookings rose 57% from the prior year as mobility picked up with the COVID-19 pandemic rounding the corner.\nFor the fourth quarter, Uber sees adjusted operating profits in a range of $25 million to $75 million.\nDespite the operational progress, Uber has a ways to go to show it could be an Amazon-like stock as Mahaney suggests.\nUber shares are down 12% year to date, under-performing rival Lyft (LYFT) whose stock is unchanged on the year. At $44.59 currently, Uber's stock trades below its 2019 IPO pricing of $45.","news_type":1},"isVote":1,"tweetType":1,"viewCount":193,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":878220070,"gmtCreate":1637198765377,"gmtModify":1637198804303,"author":{"id":"3559297454639767","authorId":"3559297454639767","name":"MJ2317","avatar":"https://static.tigerbbs.com/e630b11b8aefdaa3f6d659668006e6c9","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Pls like","listText":"Pls like","text":"Pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/878220070","repostId":"1180752156","repostType":4,"isVote":1,"tweetType":1,"viewCount":355,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":871656196,"gmtCreate":1637068139814,"gmtModify":1637068203323,"author":{"id":"3559297454639767","authorId":"3559297454639767","name":"MJ2317","avatar":"https://static.tigerbbs.com/e630b11b8aefdaa3f6d659668006e6c9","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Done","listText":"Done","text":"Done","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/871656196","repostId":"1108871969","repostType":4,"isVote":1,"tweetType":1,"viewCount":276,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":873018914,"gmtCreate":1636794594473,"gmtModify":1636794594604,"author":{"id":"3559297454639767","authorId":"3559297454639767","name":"MJ2317","avatar":"https://static.tigerbbs.com/e630b11b8aefdaa3f6d659668006e6c9","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/873018914","repostId":"1102251183","repostType":4,"repost":{"id":"1102251183","pubTimestamp":1636772424,"share":"https://www.laohu8.com/m/news/1102251183?lang=&edition=full","pubTime":"2021-11-13 11:00","market":"us","language":"en","title":"Pfizer Shows Its R&D Is Strong. It’s a Good Sign for the Stock.","url":"https://stock-news.laohu8.com/highlight/detail?id=1102251183","media":"Barrons","summary":"Pfizer’s chief scientific officer, Mikael Dolsten, sounded giddy when reached via telephone early Mo","content":"<p>Pfizer’s&nbsp;chief scientific officer, Mikael Dolsten, sounded giddy when reached via telephone early Monday morning. It was just days after his company knocked the socks off the market with the news that its Covid-19 antiviral had cut the risk of hospitalization by 89% in high-risk adults.</p>\n<p>“It can’t be just a random thing, that you’re able to beat this type of world record and get a grand slam at the same time by chance,” Dolsten said, scrambling sports metaphors as he sought to illustrate the magnitude of Pfizer’s twin wins: the development of a stunningly effective Covid-19 vaccine in just 10 months, followed a year later by the development of a similarly stunning Covid-19 antiviral.</p>\n<p>Two years ago, Pfizer (ticker: PFE) CEO Albert Bourla asked investors to take a big gamble on the research-and-development operation that Dolsten has rebuilt over the course of more than a decade. That bet is looking smarter than ever.</p>\n<p>Bourla has gotten rid of Pfizer’s off-patent drugs division and the last of its consumer health products, leaving behind a pure-play biopharma company that will live or die on the strength of Dolsten’s science.</p>\n<p>In a cover story in November 2019, <i>Barron’s</i> argued that Bourla and Dolsten could pull it off.</p>\n<p>The new antiviral data reaffirms the case for Pfizer that <i>Barron’s</i> made two years ago. Continuing to profit off the pandemic, however, brings new risks, as criticism grows over the global inequity in vaccine distribution. Low-income nations account for less than 1% of the more than seven billion doses administered worldwide. If distribution of Pfizer’s antiviral continues to favor wealthy nations, the company’s stock could ultimately suffer.</p>\n<p>Pfizer’s shares surged 10.9% the day the data came out, their best daily showing in at least 20 years. Still, with the stock now changing hands at around $50, investors continue to undervalue the company. Investors are pricing Pfizer at 12 times next year’s expected earnings, cheaper than peers like&nbsp;Johnson &amp; Johnson&nbsp;(JNJ) and&nbsp;Eli Lilly&nbsp;(LLY).</p>\n<p>The Pfizer discount can be attributed to concerns over the patent cliff the drugmaker faces at the end of the decade. The company stands to lose exclusivity over a handful of drugs that bring in billions in annual revenue.</p>\n<p>The worries are legitimate, but Pfizer’s scientific coup should give investors confidence that the company’s science can carry it safely over that cliff. It may take time for the market to catch up, but for long-term investors, it’s a promising opportunity.</p>\n<p>The success of the antiviral is the best illustration yet of Pfizer’s scientific prowess.</p>\n<p>While Pfizer’s Covid-19 vaccine came out of the labs of the German biotech&nbsp;BioNTech&nbsp;(BNTX), the new Covid-19 antiviral was whipped up by what Dolsten called a “dream team” of scientists at Pfizer’s own labs across the Northeast U.S.</p>\n<p>In the earliest days of the pandemic, Pfizer split its efforts between its collaboration with BioNTech on the vaccine and its quest for a Covid-19 pill. The vaccine effort operated on a huge scale; Dolsten called it a “mega team” that spanned the Atlantic.</p>\n<p>The antiviral project was a much smaller operation—a group of Pfizer experts operating with resources left over from the vaccine push.</p>\n<p>“The small molecule was more like a nimble, laser-focused, high-end team, with rather moderate resources,” Dolsten said.</p>\n<p>Dolsten gathered some of Pfizer’s most experienced scientists to work on the antiviral project, including its head of medicine design, Charlotte Allerton. The scientists started with work Pfizer had done years ago on a type of antiviral called a protease inhibitor.</p>\n<p>“[Pfizer’s] pharmaceutical R&amp;D is better than people had thought.”</p>\n<p>The protease inhibitors in the Pfizer library, however, had been administered intravenously, and had not worked well when delivered orally. The team had to figure out how to adapt the drugs to oral administration, a substantial undertaking.</p>\n<p>“They had to really create a lot of new chemistry,” Dolsten said. The scientists created 600 compounds to nail down the right drug, a process that might normally take years, and which they accomplished in a matter of months. “Four years turned into four months here,” he said.</p>\n<p>Pfizer started testing the pill in humans in March. It is now running a number of Phase 2/3 trials of the drug, including one for patients who are high risk, one for patients not high risk, and one as a prophylaxis for patients who have been exposed to the virus but aren’t yet sick. In the first readout, the drug looked substantially more effective than the Covid treatment pill from&nbsp;Merck&nbsp;(MRK).</p>\n<p>“It definitely helps prove the point that [Pfizer’s] pharmaceutical R&amp;D is better than people had thought,” says Louise Chen, an analyst at Cantor Fitzgerald, who has an Overweight rating and a $61 price target on the stock.</p>\n<p>Chen says that she doesn’t expect investors to come around to her way of thinking until there is more clarity on the durability of Covid-19 vaccine and pill sales, and the rest of the pipeline gets proved out.</p>\n<p>“There is not one event that I think will trigger a re-rating of the stock at the next level,” she says. “Until those things play out, I don’t think that it necessarily will.”</p>\n<p>That makes a bet on Pfizer a long-term play. In the meantime, the experience of&nbsp;Moderna&nbsp;(MRNA) in recent weeks is highlighting the potential for the vaccine makers to come under scrutiny over unequal distribution of vaccines.</p>\n<p>Biden administration officials have been increasingly frustrated with Moderna, calling on the company to ramp up production so it can offer more doses at not-for-profit prices to low-income countries, with one top official calling on the company to “step up.”</p>\n<p>Moderna shares are down more than 40% over the past three months.</p>\n<p>As the pandemic persists, Pfizer risks eroding the enormous goodwill it earned roughly a year ago when it introduced its Covid-19 vaccine. Earlier this month, Pfizer CEO Bourla blamed low-income countries for unfair vaccine distribution, telling <i>Barron’s</i> that it was their fault for not placing orders. Pfizer has sold a billion vaccine doses to the U.S. at a not-for-profit price to donate to poor countries, and says that a total of at least two billion doses will be delivered to low- and middle-income nations by the end of next year.</p>\n<p>When it comes to antivirals, Pfizer has said only that it will offer tiered pricing for poorer nations, the same approach it has taken with its vaccine.</p>\n<p>That contrasts sharply with Merck’s plan to make its own Covid-19 pill available to poor countries. Merck has signed a deal with a United Nations-backed group that will allow its pill to be licensed globally, with no royalties paid to Merck.</p>\n<p>Dolsten said that Pfizer is looking into licensing its pill under a similar mechanism as Merck’s. “We will look at those options,” he said. “By no means have we said we would do something different. We just want to make sure whoever will be involved gets the advice and skill to do this.”</p>\n<p>Such a step couldn’t come soon enough. Late last month, activists protested outside Bourla’s home, calling on Pfizer to share its vaccine manufacturing technology and to fill orders from low-income countries ahead of those from wealthy countries.</p>\n<p>An aggressive plan to share its antiviral would help stave off such criticism, keeping Pfizer in the relative good graces of Washington and allowing its impressive science to continue to drive the stock higher.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pfizer Shows Its R&D Is Strong. It’s a Good Sign for the Stock.</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\">\nPfizer Shows Its R&D Is Strong. It’s a Good Sign for the Stock.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-13 11:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/buy-pfizer-stock-covid-19-51636674652?mod=hp_LEAD_1><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Pfizer’s chief scientific officer, Mikael Dolsten, sounded giddy when reached via telephone early Monday morning. It was just days after his company knocked the socks off the market with the news that...</p>\n\n<a href=\"https://www.barrons.com/articles/buy-pfizer-stock-covid-19-51636674652?mod=hp_LEAD_1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PFE":"辉瑞"},"source_url":"https://www.barrons.com/articles/buy-pfizer-stock-covid-19-51636674652?mod=hp_LEAD_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1102251183","content_text":"Pfizer’s chief scientific officer, Mikael Dolsten, sounded giddy when reached via telephone early Monday morning. It was just days after his company knocked the socks off the market with the news that its Covid-19 antiviral had cut the risk of hospitalization by 89% in high-risk adults.\n“It can’t be just a random thing, that you’re able to beat this type of world record and get a grand slam at the same time by chance,” Dolsten said, scrambling sports metaphors as he sought to illustrate the magnitude of Pfizer’s twin wins: the development of a stunningly effective Covid-19 vaccine in just 10 months, followed a year later by the development of a similarly stunning Covid-19 antiviral.\nTwo years ago, Pfizer (ticker: PFE) CEO Albert Bourla asked investors to take a big gamble on the research-and-development operation that Dolsten has rebuilt over the course of more than a decade. That bet is looking smarter than ever.\nBourla has gotten rid of Pfizer’s off-patent drugs division and the last of its consumer health products, leaving behind a pure-play biopharma company that will live or die on the strength of Dolsten’s science.\nIn a cover story in November 2019, Barron’s argued that Bourla and Dolsten could pull it off.\nThe new antiviral data reaffirms the case for Pfizer that Barron’s made two years ago. Continuing to profit off the pandemic, however, brings new risks, as criticism grows over the global inequity in vaccine distribution. Low-income nations account for less than 1% of the more than seven billion doses administered worldwide. If distribution of Pfizer’s antiviral continues to favor wealthy nations, the company’s stock could ultimately suffer.\nPfizer’s shares surged 10.9% the day the data came out, their best daily showing in at least 20 years. Still, with the stock now changing hands at around $50, investors continue to undervalue the company. Investors are pricing Pfizer at 12 times next year’s expected earnings, cheaper than peers like Johnson & Johnson (JNJ) and Eli Lilly (LLY).\nThe Pfizer discount can be attributed to concerns over the patent cliff the drugmaker faces at the end of the decade. The company stands to lose exclusivity over a handful of drugs that bring in billions in annual revenue.\nThe worries are legitimate, but Pfizer’s scientific coup should give investors confidence that the company’s science can carry it safely over that cliff. It may take time for the market to catch up, but for long-term investors, it’s a promising opportunity.\nThe success of the antiviral is the best illustration yet of Pfizer’s scientific prowess.\nWhile Pfizer’s Covid-19 vaccine came out of the labs of the German biotech BioNTech (BNTX), the new Covid-19 antiviral was whipped up by what Dolsten called a “dream team” of scientists at Pfizer’s own labs across the Northeast U.S.\nIn the earliest days of the pandemic, Pfizer split its efforts between its collaboration with BioNTech on the vaccine and its quest for a Covid-19 pill. The vaccine effort operated on a huge scale; Dolsten called it a “mega team” that spanned the Atlantic.\nThe antiviral project was a much smaller operation—a group of Pfizer experts operating with resources left over from the vaccine push.\n“The small molecule was more like a nimble, laser-focused, high-end team, with rather moderate resources,” Dolsten said.\nDolsten gathered some of Pfizer’s most experienced scientists to work on the antiviral project, including its head of medicine design, Charlotte Allerton. The scientists started with work Pfizer had done years ago on a type of antiviral called a protease inhibitor.\n“[Pfizer’s] pharmaceutical R&D is better than people had thought.”\nThe protease inhibitors in the Pfizer library, however, had been administered intravenously, and had not worked well when delivered orally. The team had to figure out how to adapt the drugs to oral administration, a substantial undertaking.\n“They had to really create a lot of new chemistry,” Dolsten said. The scientists created 600 compounds to nail down the right drug, a process that might normally take years, and which they accomplished in a matter of months. “Four years turned into four months here,” he said.\nPfizer started testing the pill in humans in March. It is now running a number of Phase 2/3 trials of the drug, including one for patients who are high risk, one for patients not high risk, and one as a prophylaxis for patients who have been exposed to the virus but aren’t yet sick. In the first readout, the drug looked substantially more effective than the Covid treatment pill from Merck (MRK).\n“It definitely helps prove the point that [Pfizer’s] pharmaceutical R&D is better than people had thought,” says Louise Chen, an analyst at Cantor Fitzgerald, who has an Overweight rating and a $61 price target on the stock.\nChen says that she doesn’t expect investors to come around to her way of thinking until there is more clarity on the durability of Covid-19 vaccine and pill sales, and the rest of the pipeline gets proved out.\n“There is not one event that I think will trigger a re-rating of the stock at the next level,” she says. “Until those things play out, I don’t think that it necessarily will.”\nThat makes a bet on Pfizer a long-term play. In the meantime, the experience of Moderna (MRNA) in recent weeks is highlighting the potential for the vaccine makers to come under scrutiny over unequal distribution of vaccines.\nBiden administration officials have been increasingly frustrated with Moderna, calling on the company to ramp up production so it can offer more doses at not-for-profit prices to low-income countries, with one top official calling on the company to “step up.”\nModerna shares are down more than 40% over the past three months.\nAs the pandemic persists, Pfizer risks eroding the enormous goodwill it earned roughly a year ago when it introduced its Covid-19 vaccine. Earlier this month, Pfizer CEO Bourla blamed low-income countries for unfair vaccine distribution, telling Barron’s that it was their fault for not placing orders. Pfizer has sold a billion vaccine doses to the U.S. at a not-for-profit price to donate to poor countries, and says that a total of at least two billion doses will be delivered to low- and middle-income nations by the end of next year.\nWhen it comes to antivirals, Pfizer has said only that it will offer tiered pricing for poorer nations, the same approach it has taken with its vaccine.\nThat contrasts sharply with Merck’s plan to make its own Covid-19 pill available to poor countries. Merck has signed a deal with a United Nations-backed group that will allow its pill to be licensed globally, with no royalties paid to Merck.\nDolsten said that Pfizer is looking into licensing its pill under a similar mechanism as Merck’s. “We will look at those options,” he said. “By no means have we said we would do something different. We just want to make sure whoever will be involved gets the advice and skill to do this.”\nSuch a step couldn’t come soon enough. Late last month, activists protested outside Bourla’s home, calling on Pfizer to share its vaccine manufacturing technology and to fill orders from low-income countries ahead of those from wealthy countries.\nAn aggressive plan to share its antiviral would help stave off such criticism, keeping Pfizer in the relative good graces of Washington and allowing its impressive science to continue to drive the stock higher.","news_type":1},"isVote":1,"tweetType":1,"viewCount":331,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":872459864,"gmtCreate":1637564295665,"gmtModify":1637564295831,"author":{"id":"3559297454639767","authorId":"3559297454639767","name":"MJ2317","avatar":"https://static.tigerbbs.com/e630b11b8aefdaa3f6d659668006e6c9","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Ok&nbsp;","listText":"Ok&nbsp;","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/872459864","repostId":"1153786917","repostType":4,"repost":{"id":"1153786917","pubTimestamp":1637534687,"share":"https://www.laohu8.com/m/news/1153786917?lang=&edition=full","pubTime":"2021-11-22 06:44","market":"us","language":"en","title":"Best Buy, Zoom, Pinduoduo, Xpeng,Xiaomi,Meituan and Other Stocks for Investors to Watch This Week","url":"https://stock-news.laohu8.com/highlight/detail?id=1153786917","media":"Barrons","summary":"The tail end of third-quarter earnings season will bring more results from major retailers next week","content":"<p>The tail end of third-quarter earnings season will bring more results from major retailers next week, just as shoppers prepare for Black Friday. On Tuesday, investors will get quarterly results from some of retail’s biggest names, including&nbsp;Best Buy,Burlington Stores,Dick’s Sporting Goods,Dollar Tree,and&nbsp;Gap.</p>\n<p>Friday will bring one of the busiest shopping days of the year and the traditional kick off for holiday shopping season. The National Retail Federation estimates that a record $851 billion will be spent by U.S. consumers this November and December, a 9.5% increase from last year.</p>\n<p>Non-retail highlights on the earnings calendar next week include&nbsp;Zoom Video Communications on Monday,Xpeng,Xiaomi Corporation,Autodesk,Dell Technologies,and&nbsp;VMware&nbsp;on Tuesday, Deere&nbsp;on Wednesday&nbsp;and&nbsp;Pinduoduo,Meituan and RLX Technology&nbsp;on Friday.</p>\n<p>The National Association of Realtors reports existing-home sales for October on Monday. The consensus estimate is for a seasonally adjusted annual rate of 6.19 million homes sold, 100,000 fewer than in September.</p>\n<p>On Tuesday,IHS Markit&nbsp;releases both the manufacturing and services purchasing managers’ indexes for November. Expectations are for a 59.5 reading for the manufacturing PMI and 59 for the services PMI.</p>\n<p>On Wednesday, the Federal Open Market Committee releases minutes from its early-November monetary-policy meeting. The U.S. Census Bureau also releases the durable-goods report for October, while the U.S. Bureau of Economic Analysis reports personal income and spending for October.</p>\n<p>U.S. bourses and fixed-income markets will be closed on Thursday for Thanksgiving. On Friday, the Nasdaq and New York Stock Exchange end trading at 1 p.m., while the bond market closes at 2 p.m.</p>\n<p>Agilent Technologies,Keysight Technologies,and Zoom Video Communications release quarterly results.</p>\n<p><b>The National Association</b> of Realtors reports existing-home sales for October. The consensus estimate is for a seasonally adjusted annual rate of 6.19 million homes sold, 100,000 fewer than in September. Existing-home sales hit their post-financial-crisis peak at 6.73 million last October and have fallen for much of this year, partly due to supply constraints, especially at the lower-price end of the housing market.</p>\n<p>Analog Devices,Autodesk, Best Buy, Burlington Stores, Dell Technologies, Dick’s Sporting Goods, Dollar Tree, Gap,HPInc.,J.M. Smucker, Jacobs Engineering Group,Medtronic,and VMware report earnings.</p>\n<p><b>IHS Markit releases</b> both the Manufacturing and Services Purchasing Managers’ indexes for November. Expectations are for a 59.5 reading for the Manufacturing PMI and 59 for the Services PMI. Both figures are slightly more than the October data. Both indexes are off their peaks from earlier this year, but higher than their levels from a year ago.</p>\n<p><b>The BEA reports</b> its second estimate of third-quarter gross domestic product. Economists forecast a 2.2% annualized rate of growth, higher than the BEA’s preliminary estimate of 2% from late October.</p>\n<p>Deere reports fiscal fourth-quarter 2021 results.</p>\n<p><b>The Federal Open Market</b> Committee releases minutes from its early-November monetary-policy meeting.</p>\n<p><b>The Census Bureau</b> releases the durable-goods report for October. Economists forecast a 0.2% month-over-month increase in new orders for manufactured durable goods, to $262 billion. Excluding transportation, new orders are seen rising 0.5%, matching the September gain.</p>\n<p><b>The BEA reports</b> personal income and spending for October. The consensus call is for a 0.4% monthly increase in income after a 1% decline in September. Personal spending is expected to rise 1%, month over month, a faster clip than September’s 0.6% gain.</p>\n<p><b>U.S. bourses</b> and fixed-income markets are closed in observance of Thanksgiving.</p>\n<p><b>It’s Black Friday</b>, one of the busiest shopping days of the year and the traditional kickoff to the holiday shopping season. The National Retail Federation estimates that a record $851 billion will be spent by U.S. consumers this November and December, a 9.5% increase from last year. U.S. exchanges have a shortened trading session on the day after Thanksgiving. The Nasdaq and New York Stock Exchange end trading at 1 p.m., and the bond market closes at 2 p.m.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Best Buy, Zoom, Pinduoduo, Xpeng,Xiaomi,Meituan and Other Stocks for Investors to Watch This Week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBest Buy, Zoom, Pinduoduo, Xpeng,Xiaomi,Meituan and Other Stocks for Investors to Watch This Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-22 06:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/best-buy-zoom-dell-deere-and-other-stocks-for-investors-to-watch-this-week-51637524800?mod=hp_LEAD_3><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The tail end of third-quarter earnings season will bring more results from major retailers next week, just as shoppers prepare for Black Friday. On Tuesday, investors will get quarterly results from ...</p>\n\n<a href=\"https://www.barrons.com/articles/best-buy-zoom-dell-deere-and-other-stocks-for-investors-to-watch-this-week-51637524800?mod=hp_LEAD_3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BBY":"百思买","DE":"迪尔股份有限公司","DELL":"戴尔",".DJI":"道琼斯",".IXIC":"NASDAQ Composite","ZM":"Zoom",".SPX":"S&P 500 Index"},"source_url":"https://www.barrons.com/articles/best-buy-zoom-dell-deere-and-other-stocks-for-investors-to-watch-this-week-51637524800?mod=hp_LEAD_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1153786917","content_text":"The tail end of third-quarter earnings season will bring more results from major retailers next week, just as shoppers prepare for Black Friday. On Tuesday, investors will get quarterly results from some of retail’s biggest names, including Best Buy,Burlington Stores,Dick’s Sporting Goods,Dollar Tree,and Gap.\nFriday will bring one of the busiest shopping days of the year and the traditional kick off for holiday shopping season. The National Retail Federation estimates that a record $851 billion will be spent by U.S. consumers this November and December, a 9.5% increase from last year.\nNon-retail highlights on the earnings calendar next week include Zoom Video Communications on Monday,Xpeng,Xiaomi Corporation,Autodesk,Dell Technologies,and VMware on Tuesday, Deere on Wednesday and Pinduoduo,Meituan and RLX Technology on Friday.\nThe National Association of Realtors reports existing-home sales for October on Monday. The consensus estimate is for a seasonally adjusted annual rate of 6.19 million homes sold, 100,000 fewer than in September.\nOn Tuesday,IHS Markit releases both the manufacturing and services purchasing managers’ indexes for November. Expectations are for a 59.5 reading for the manufacturing PMI and 59 for the services PMI.\nOn Wednesday, the Federal Open Market Committee releases minutes from its early-November monetary-policy meeting. The U.S. Census Bureau also releases the durable-goods report for October, while the U.S. Bureau of Economic Analysis reports personal income and spending for October.\nU.S. bourses and fixed-income markets will be closed on Thursday for Thanksgiving. On Friday, the Nasdaq and New York Stock Exchange end trading at 1 p.m., while the bond market closes at 2 p.m.\nAgilent Technologies,Keysight Technologies,and Zoom Video Communications release quarterly results.\nThe National Association of Realtors reports existing-home sales for October. The consensus estimate is for a seasonally adjusted annual rate of 6.19 million homes sold, 100,000 fewer than in September. Existing-home sales hit their post-financial-crisis peak at 6.73 million last October and have fallen for much of this year, partly due to supply constraints, especially at the lower-price end of the housing market.\nAnalog Devices,Autodesk, Best Buy, Burlington Stores, Dell Technologies, Dick’s Sporting Goods, Dollar Tree, Gap,HPInc.,J.M. Smucker, Jacobs Engineering Group,Medtronic,and VMware report earnings.\nIHS Markit releases both the Manufacturing and Services Purchasing Managers’ indexes for November. Expectations are for a 59.5 reading for the Manufacturing PMI and 59 for the Services PMI. Both figures are slightly more than the October data. Both indexes are off their peaks from earlier this year, but higher than their levels from a year ago.\nThe BEA reports its second estimate of third-quarter gross domestic product. Economists forecast a 2.2% annualized rate of growth, higher than the BEA’s preliminary estimate of 2% from late October.\nDeere reports fiscal fourth-quarter 2021 results.\nThe Federal Open Market Committee releases minutes from its early-November monetary-policy meeting.\nThe Census Bureau releases the durable-goods report for October. Economists forecast a 0.2% month-over-month increase in new orders for manufactured durable goods, to $262 billion. Excluding transportation, new orders are seen rising 0.5%, matching the September gain.\nThe BEA reports personal income and spending for October. The consensus call is for a 0.4% monthly increase in income after a 1% decline in September. Personal spending is expected to rise 1%, month over month, a faster clip than September’s 0.6% gain.\nU.S. bourses and fixed-income markets are closed in observance of Thanksgiving.\nIt’s Black Friday, one of the busiest shopping days of the year and the traditional kickoff to the holiday shopping season. The National Retail Federation estimates that a record $851 billion will be spent by U.S. consumers this November and December, a 9.5% increase from last year. U.S. exchanges have a shortened trading session on the day after Thanksgiving. The Nasdaq and New York Stock Exchange end trading at 1 p.m., and the bond market closes at 2 p.m.","news_type":1},"isVote":1,"tweetType":1,"viewCount":743,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":878220070,"gmtCreate":1637198765377,"gmtModify":1637198804303,"author":{"id":"3559297454639767","authorId":"3559297454639767","name":"MJ2317","avatar":"https://static.tigerbbs.com/e630b11b8aefdaa3f6d659668006e6c9","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Pls like","listText":"Pls like","text":"Pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/878220070","repostId":"1180752156","repostType":4,"isVote":1,"tweetType":1,"viewCount":355,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":874741637,"gmtCreate":1637830134081,"gmtModify":1637830134173,"author":{"id":"3559297454639767","authorId":"3559297454639767","name":"MJ2317","avatar":"https://static.tigerbbs.com/e630b11b8aefdaa3f6d659668006e6c9","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Done&nbsp;","listText":"Done&nbsp;","text":"Done","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/874741637","repostId":"1105943125","repostType":4,"repost":{"id":"1105943125","pubTimestamp":1637829564,"share":"https://www.laohu8.com/m/news/1105943125?lang=&edition=full","pubTime":"2021-11-25 16:39","market":"us","language":"en","title":"If Only Berkshire Hathaway Had Listened To Us, And Why It's Time To Exit Apple","url":"https://stock-news.laohu8.com/highlight/detail?id=1105943125","media":"seekingalpha","summary":"Summary\n\nOur original recommendation for Berkshire Hathaway to buy Apple was predicated partially on","content":"<p>Summary</p>\n<ul>\n <li>Our original recommendation for Berkshire Hathaway to buy Apple was predicated partially on our opinion that the company was undervalued.</li>\n <li>At this point, even with the tax expenses of selling, we feel the valuation has hit a point where Berkshire Hathaway should be selling.</li>\n <li>Berkshire Hathaway has a cash problem that's not to be trivialized, however, that doesn't justify holding onto overvalued assets.</li>\n <li>The company can use its cash to make significant additional investments in other businesses where it's growing.</li>\n</ul>\n<p>Just over three years ago, we wrote an article discussing how Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B)should utilize its massive cash pile to acquire Apple(NASDAQ:AAPL). As we'll see throughout this article, while that trade would have panned out well, it's time for Berkshire Hathaway to exit its massive Apple investment.</p>\n<p>The Acquisition</p>\n<p>Our original recommendation for the acquisition price with premium was a $1.23 trillion acquisition. Since then, Apple's market capitalization has more than doubled to $2.6 trillion. That's on the basis of substantial strength during COVID-19, where the company's FCF went from almost $65 billion to more than $90 billion.</p>\n<p>New product lines for the business are growing well and it can be expected to continue growing going forward. Our pessimistic acquisition time assumption was Apple's FCF would stay constant at $65 billion while debt was paid out, however, this new FCF would have helped greatly accelerate the debt pay down for the company.</p>\n<p>Berkshire Hathaway's market capitalization, with the expansion in value, would be 3x as large. The company would have $865 billion in debt and have earned almost $150 billion in FCF in the most recent year. The giant would be a valuable long-term investment.</p>\n<p>Apple Buffett Investment</p>\n<p>Apple's Buffett investment has been arguably the best investment he's ever made.</p>\n<p>Warren Buffett's Apple&nbsp;investment has cost him roughly $40 billion. As Apple hits all-time highs, the most recent valuation of Apple's stake is almost $150 billion, implying paper profits of more than $100 billion. The peak capital gains tax rate is roughly 20%, implying ~$22 billion in taxes for the profits that the portfolio has seen so far.</p>\n<p>That means that if he were to sell the investment, he'd turn $40 billion of cash into $125 billion of cash. That'd take Berkshire Hathaway's total cash position to roughly $260 billion.</p>\n<p>Apple Valuation</p>\n<p>Our thesis for selling Apple is based on the company's recent massive multiple expansion.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dc5459716333b52cbca613111fcee56e\" tg-width=\"1844\" tg-height=\"564\" width=\"100%\" height=\"auto\"><span>Apple P/E Ratio - MacroTrends</span></p>\n<p>A significant part of Apple's returns over the past five years have been the company's massive multiple expansion. The company's PE ratio has gone from just over 10 to almost 30. That 3x expansion means that the company's PE yield is just over 3%. It's worth noting it's been expanding EPS and aggressively buying back shares supporting EPS.</p>\n<p>However, the takeaway here is that multiple expansion can't be expected to continue forever and the law of large numbers exists. That means that Apple's upcoming five-year returns can be expected to not match with the past five-year returns. As Apple becomes bigger and bigger, it becomes more and more a vehicle for the S&amp;P 500 with individual company risk.</p>\n<p>Our Recommendation</p>\n<p>Our recommendation is that Berkshire Hathaway should sell Apple. For normal investors who hold Apple in their individual portfolios, we recommend the same. The reason is threefold.</p>\n<p>1. Apple's size means that continuing to provide market-beating returns is unlikely.</p>\n<p>2. The company's majority of share price performance has been multiple expansion, which can't be guaranteed to continue.</p>\n<p>3. Apple has enjoyed a peer-leading industry position, however, historically in tech, that's extremely difficult to maintain.</p>\n<p>Berkshire Hathaway will be left with a massive pile of cash and there are several ways we can see the company deploying it. For note, that $260 billion initial post tax cash will be almost half of its market capitalization. In our view, we can see several different ways that the company can utilize this cash to maximize shareholder rewards.</p>\n<p>1. Simply invest in the S&amp;P 500. It has a 0.7% higher dividend yield than Apple meaning rolling the $150 billion cash into that would add more than $1 billion in additional dividend for the company. Berkshire Hathaway has discussed how beating the S&amp;P 500 is difficult, and this is a simple solution to a complex problem.</p>\n<p>2. Buybacks. The remainder of Berkshire Hathaway's portfolio is incredibly strong and generates massive FCF. The company has been buying back stock&nbsp;to the tune of roughly $20 billion annualized. It can accelerate that, enabling the value in the rest of its portfolio to be much more magnified. Buying back a significant amount at market value is tough, but it could buy back a reasonable amount.</p>\n<p>3. Acquisitions. There are a few industries that Berkshire Hathaway has been willing to touch in the existing market. Energy,such as the recent almost $10 billion Dominion acquisition, has been one of them. There's plenty of larger companies in the energy markets, and Berkshire Hathaway could make a stab for a larger one towards a $100 billion valuation.</p>\n<p>Any of these paths, or some combination, in our opinion, could help Berkshire Hathaway drive more substantial shareholder rewards.</p>\n<p>Why Discuss</p>\n<p>A classic question for all Seeking Alpha articles, but why are we discussing Berkshire Hathaway portfolio recommendations with you? What's the actionable advice?</p>\n<p>The first is that we believe, for the same reasons, Apple investors should sell their current investments in Apple. The company is a great company, no doubt about it, however, that doesn't make it a great investment, especially at the current valuation. The law of large numbers limits upside, but as an individual company, there's still substantial downside.</p>\n<p>The second is that Berkshire Hathaway investors should pay close attention to how the company treats its Apple stake as well. The investment now makes up almost 25% of the company's portfolio. That means leaving it invested in Apple, which we expect will underperform, can present a drag on the rest of the company's portfolio and hurt its value as an investment.</p>\n<p>All of this, and what happens with the remainder of the company's cash position, is something we recommend investors pay close attention to.</p>\n<p>Thesis Risk</p>\n<p>The risk to our thesis is that Apple is focused on consistent growth and the company has performed well recently. That's especially true given new projects Apple is focused on,like recent news about the Apple Car. There's a chance, with a limit of the law of large numbers, Apple can for at least some period of time continue outperforming the market.</p>\n<p>It's also worth noting that Berkshire Hathaway will need to, because of the 20% tax rate, find a way to reinvest at slightly higher returns.</p>\n<p>Conclusion</p>\n<p>Berkshire Hathaway's massive Apple investment is now almost 25% of its valuation as a company. Even by historical norms with other companies, that's incredibly high in a single business. That single business has seen those returns primarily through multiple expansion (at the P/E of 10, the $40 billion investment would be $50 billion versus $150 billion).</p>\n<p>Our view is that Berkshire Hathaway should eat the tax expense and grab the cash. In our view, there are numerous things the company can do over the coming years to achieve higher returns than its Apple investment would. Whether the company does those things is important because underperformance of Apple could drag the rest of its portfolio.</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>If Only Berkshire Hathaway Had Listened To Us, And Why It's Time To Exit Apple</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\">\nIf Only Berkshire Hathaway Had Listened To Us, And Why It's Time To Exit Apple\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-25 16:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4471860-if-only-buffett-had-listened-to-us-and-why-its-time-to-exit-apple><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nOur original recommendation for Berkshire Hathaway to buy Apple was predicated partially on our opinion that the company was undervalued.\nAt this point, even with the tax expenses of selling,...</p>\n\n<a href=\"https://seekingalpha.com/article/4471860-if-only-buffett-had-listened-to-us-and-why-its-time-to-exit-apple\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4471860-if-only-buffett-had-listened-to-us-and-why-its-time-to-exit-apple","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1105943125","content_text":"Summary\n\nOur original recommendation for Berkshire Hathaway to buy Apple was predicated partially on our opinion that the company was undervalued.\nAt this point, even with the tax expenses of selling, we feel the valuation has hit a point where Berkshire Hathaway should be selling.\nBerkshire Hathaway has a cash problem that's not to be trivialized, however, that doesn't justify holding onto overvalued assets.\nThe company can use its cash to make significant additional investments in other businesses where it's growing.\n\nJust over three years ago, we wrote an article discussing how Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B)should utilize its massive cash pile to acquire Apple(NASDAQ:AAPL). As we'll see throughout this article, while that trade would have panned out well, it's time for Berkshire Hathaway to exit its massive Apple investment.\nThe Acquisition\nOur original recommendation for the acquisition price with premium was a $1.23 trillion acquisition. Since then, Apple's market capitalization has more than doubled to $2.6 trillion. That's on the basis of substantial strength during COVID-19, where the company's FCF went from almost $65 billion to more than $90 billion.\nNew product lines for the business are growing well and it can be expected to continue growing going forward. Our pessimistic acquisition time assumption was Apple's FCF would stay constant at $65 billion while debt was paid out, however, this new FCF would have helped greatly accelerate the debt pay down for the company.\nBerkshire Hathaway's market capitalization, with the expansion in value, would be 3x as large. The company would have $865 billion in debt and have earned almost $150 billion in FCF in the most recent year. The giant would be a valuable long-term investment.\nApple Buffett Investment\nApple's Buffett investment has been arguably the best investment he's ever made.\nWarren Buffett's Apple investment has cost him roughly $40 billion. As Apple hits all-time highs, the most recent valuation of Apple's stake is almost $150 billion, implying paper profits of more than $100 billion. The peak capital gains tax rate is roughly 20%, implying ~$22 billion in taxes for the profits that the portfolio has seen so far.\nThat means that if he were to sell the investment, he'd turn $40 billion of cash into $125 billion of cash. That'd take Berkshire Hathaway's total cash position to roughly $260 billion.\nApple Valuation\nOur thesis for selling Apple is based on the company's recent massive multiple expansion.\nApple P/E Ratio - MacroTrends\nA significant part of Apple's returns over the past five years have been the company's massive multiple expansion. The company's PE ratio has gone from just over 10 to almost 30. That 3x expansion means that the company's PE yield is just over 3%. It's worth noting it's been expanding EPS and aggressively buying back shares supporting EPS.\nHowever, the takeaway here is that multiple expansion can't be expected to continue forever and the law of large numbers exists. That means that Apple's upcoming five-year returns can be expected to not match with the past five-year returns. As Apple becomes bigger and bigger, it becomes more and more a vehicle for the S&P 500 with individual company risk.\nOur Recommendation\nOur recommendation is that Berkshire Hathaway should sell Apple. For normal investors who hold Apple in their individual portfolios, we recommend the same. The reason is threefold.\n1. Apple's size means that continuing to provide market-beating returns is unlikely.\n2. The company's majority of share price performance has been multiple expansion, which can't be guaranteed to continue.\n3. Apple has enjoyed a peer-leading industry position, however, historically in tech, that's extremely difficult to maintain.\nBerkshire Hathaway will be left with a massive pile of cash and there are several ways we can see the company deploying it. For note, that $260 billion initial post tax cash will be almost half of its market capitalization. In our view, we can see several different ways that the company can utilize this cash to maximize shareholder rewards.\n1. Simply invest in the S&P 500. It has a 0.7% higher dividend yield than Apple meaning rolling the $150 billion cash into that would add more than $1 billion in additional dividend for the company. Berkshire Hathaway has discussed how beating the S&P 500 is difficult, and this is a simple solution to a complex problem.\n2. Buybacks. The remainder of Berkshire Hathaway's portfolio is incredibly strong and generates massive FCF. The company has been buying back stock to the tune of roughly $20 billion annualized. It can accelerate that, enabling the value in the rest of its portfolio to be much more magnified. Buying back a significant amount at market value is tough, but it could buy back a reasonable amount.\n3. Acquisitions. There are a few industries that Berkshire Hathaway has been willing to touch in the existing market. Energy,such as the recent almost $10 billion Dominion acquisition, has been one of them. There's plenty of larger companies in the energy markets, and Berkshire Hathaway could make a stab for a larger one towards a $100 billion valuation.\nAny of these paths, or some combination, in our opinion, could help Berkshire Hathaway drive more substantial shareholder rewards.\nWhy Discuss\nA classic question for all Seeking Alpha articles, but why are we discussing Berkshire Hathaway portfolio recommendations with you? What's the actionable advice?\nThe first is that we believe, for the same reasons, Apple investors should sell their current investments in Apple. The company is a great company, no doubt about it, however, that doesn't make it a great investment, especially at the current valuation. The law of large numbers limits upside, but as an individual company, there's still substantial downside.\nThe second is that Berkshire Hathaway investors should pay close attention to how the company treats its Apple stake as well. The investment now makes up almost 25% of the company's portfolio. That means leaving it invested in Apple, which we expect will underperform, can present a drag on the rest of the company's portfolio and hurt its value as an investment.\nAll of this, and what happens with the remainder of the company's cash position, is something we recommend investors pay close attention to.\nThesis Risk\nThe risk to our thesis is that Apple is focused on consistent growth and the company has performed well recently. That's especially true given new projects Apple is focused on,like recent news about the Apple Car. There's a chance, with a limit of the law of large numbers, Apple can for at least some period of time continue outperforming the market.\nIt's also worth noting that Berkshire Hathaway will need to, because of the 20% tax rate, find a way to reinvest at slightly higher returns.\nConclusion\nBerkshire Hathaway's massive Apple investment is now almost 25% of its valuation as a company. Even by historical norms with other companies, that's incredibly high in a single business. That single business has seen those returns primarily through multiple expansion (at the P/E of 10, the $40 billion investment would be $50 billion versus $150 billion).\nOur view is that Berkshire Hathaway should eat the tax expense and grab the cash. In our view, there are numerous things the company can do over the coming years to achieve higher returns than its Apple investment would. Whether the company does those things is important because underperformance of Apple could drag the rest of its portfolio.","news_type":1},"isVote":1,"tweetType":1,"viewCount":490,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":871656196,"gmtCreate":1637068139814,"gmtModify":1637068203323,"author":{"id":"3559297454639767","authorId":"3559297454639767","name":"MJ2317","avatar":"https://static.tigerbbs.com/e630b11b8aefdaa3f6d659668006e6c9","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Done","listText":"Done","text":"Done","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/871656196","repostId":"1108871969","repostType":4,"repost":{"id":"1108871969","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":1637067845,"share":"https://www.laohu8.com/m/news/1108871969?lang=&edition=full","pubTime":"2021-11-16 21:04","market":"us","language":"en","title":"Toplines Before US Market Open on Tuesday","url":"https://stock-news.laohu8.com/highlight/detail?id=1108871969","media":"Tiger Newspress","summary":"Stock futures gained Tuesday morning, with traders awaiting key new economic data on the state of th","content":"<p>Stock futures gained Tuesday morning, with traders awaiting key new economic data on the state of the consumer after a couple of major retailers topped quarterly earnings results.<img src=\"https://static.tigerbbs.com/0a1b581989afad06f07b7a1874224263\" tg-width=\"1080\" tg-height=\"507\" width=\"100%\" height=\"auto\">At 8:00 a.m. ET, S&amp;P 500 e-minis were up&nbsp;1&nbsp;point, or 0.02%, Nasdaq 100 e-minis&nbsp;were up&nbsp;0.75&nbsp;point, and Dow e-minis&nbsp; were&nbsp;up&nbsp;54&nbsp;points, or 0.15%.</p>\n<p>Investors are set to receive monthly retail sales data from the Commerce Department later Tuesday morning, which will help show how much momentum consumers had heading into the holiday shopping season. The print is expected to show retail sales rose by 1.5% in October compared to September, accelerating from the previous month’s 0.7% clip, according to Bloomberg consensus data.</p>\n<p>As usual, the report will be closely monitored as an indicator of overall economic strength, given consumption comprises about two-thirds of U.S. economic activity.</p>\n<p>Earnings results from retail juggernaut <a href=\"https://laohu8.com/S/WMT\">Wal-Mart</a> underscored solid shopping trends among American consumers. The company's&nbsp;closely watched U.S. comparable same-store salesgrew 9.2% over last year in the third quarter, and by 15.6% compared to the same period in 2019, to exceed estimates for growth of 7%, according to Bloomberg consensus data. E-commerce sales also held up and grew by a better-than-expected 8%, compared to the 1.9% rise expected, even as more consumers returned to in-person shopping. Shares of Walmart rose in early trading following the report, and shares of peers including Target and Costco rose in sympathy.</p>\n<p><a href=\"https://laohu8.com/S/HD\">Home Depot</a>, meanwhile, also posted better-than-expected sales and earnings results as the company continued to see \"elevated home improvement demand,\" CEO Craig Menear said in Home Depot's earnings statement. Comparable sales grew 6.1% compared to the 1.5% rise anticipated, and the stock closed in on a record high in pre-market trading.</p>\n<p>These reports came at the tail end of what has already been an exceptionally strong earnings season. As of Friday, 92% of S&amp;P 500 companies had reported actual results, and of these, 81% of them had reported better-than-expected earnings results,according to FactSet.</p>\n<p><b>Stocks making the biggest moves in the premarket:</b></p>\n<p><a href=\"https://laohu8.com/S/RXT\">Rackspace Technology</a> – <a href=\"https://laohu8.com/S/RXT\">Rackspace Technology</a> beat estimates by a penny a share, with quarterly earnings of 25 cents per share. The cloud computing company’s revenue also topped Wall Street forecasts. It was Rackspace’s eighth consecutive quarter of revenue growth, and the company said it was well-positioned in a booming market. its shares surged 8.3% in the premarket.</p>\n<p><a href=\"https://laohu8.com/S/AXON\">Axon Enterprise, Inc.</a> – <a href=\"https://laohu8.com/S/AXON\">Axon Enterprise, Inc.</a> soared 23.5 % in premarket trading, after the maker of Tasers, body cameras and other public safety equipment reported much-better-than-expected sales and revenue for its latest quarter.</p>\n<p><a href=\"https://laohu8.com/S/RPRX\">Royalty Pharma plc</a> – <a href=\"https://laohu8.com/S/RPRX\">Royalty Pharma plc</a> rallied 7.8% in premarket trading, following news thatBerkshire Hathaway(BRK.B) took a new $475 million stake in the drug royalty purchaser.</p>\n<p><a href=\"https://laohu8.com/S/HD\">Home Depot</a> – The home improvement retailerreported third-quarter profit of $3.92 per share, 52 cents a share above estimates. Revenue also beat Street forecasts. Comparable-store sales were up a better-than-expected 6.1%, driven by demand for household tools and building materials. The stock rose 1.1% in the premarket.</p>\n<p><a href=\"https://laohu8.com/S/WMT\">Wal-Mart</a> – <a href=\"https://laohu8.com/S/WMT\">Wal-Mart</a> jumped 2% in premarket trading after beating on the top and bottom lines, and raising its full-year forecast. Walmart earned $1.45 per share for the third quarter, 5 cents a share above estimates, with comparable-store sales topping forecasts as well.</p>\n<p><a href=\"https://laohu8.com/S/AAP\">Advance Auto Parts</a> – <a href=\"https://laohu8.com/S/AAP\">Advance Auto Parts</a> earned $3.21 per share for its latest quarter, beating the $2.87 a share consensus estimate. The auto parts retailer beat on revenue and other key metrics. Advance Auto said it was seeing higher-than-expected inflation headwinds, however, and the stock fell 2% in premarket action.</p>\n<p><a href=\"https://laohu8.com/S/DEO\">Diageo PLC</a> – <a href=\"https://laohu8.com/S/DEO\">Diageo PLC</a> rose 2.4% in premarket trading after it issued stronger-than-expected profit and sales guidance for 2023 through 2025, reversing the spirits maker’s prior stance of abandoning specific numerical guidance.</p>\n<p><a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a> –<a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a> CEO Elon Musk sold $930 million in shares to meet tax obligations after exercising options to buy 2.1 million shares. Separately,JPMorgan Chase(JPM) is suing Tesla, accusing it ofbreaching a contract related to stock warrants.</p>\n<p><a href=\"https://laohu8.com/S/ALV\">Autoliv</a> –<a href=\"https://laohu8.com/S/ALV\">Autoliv</a> rallied 4.4% in the premarket, following the announcement of a new stock repurchase program of up to $1.5 billion. The maker of automotive safety systems also updated its growth target, expecting 4% to 6% growth per year in 2024 and beyond.</p>\n<p><a href=\"https://laohu8.com/S/LCID\">Lucid Group Inc</a> – <a href=\"https://laohu8.com/S/LCID\">Lucid Group Inc</a> surged 5.8% in premarket action after the electric vehicle maker reported more than 17,000 reservations for its “Air” sedan, up from 13,000 in the prior quarter. Lucid also confirmed its 2022 production targets.</p>\n<p><a href=\"https://laohu8.com/S/WDAY\">Workday</a> – The human resources software company added 2.4% in the premarket after UBS upgraded the stock to “buy” from “neutral,” on indications of stronger HR systems spending.</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>Toplines Before US Market Open on Tuesday</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\">\nToplines Before US Market Open on Tuesday\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\">2021-11-16 21:04</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Stock futures gained Tuesday morning, with traders awaiting key new economic data on the state of the consumer after a couple of major retailers topped quarterly earnings results.<img src=\"https://static.tigerbbs.com/0a1b581989afad06f07b7a1874224263\" tg-width=\"1080\" tg-height=\"507\" width=\"100%\" height=\"auto\">At 8:00 a.m. ET, S&amp;P 500 e-minis were up&nbsp;1&nbsp;point, or 0.02%, Nasdaq 100 e-minis&nbsp;were up&nbsp;0.75&nbsp;point, and Dow e-minis&nbsp; were&nbsp;up&nbsp;54&nbsp;points, or 0.15%.</p>\n<p>Investors are set to receive monthly retail sales data from the Commerce Department later Tuesday morning, which will help show how much momentum consumers had heading into the holiday shopping season. The print is expected to show retail sales rose by 1.5% in October compared to September, accelerating from the previous month’s 0.7% clip, according to Bloomberg consensus data.</p>\n<p>As usual, the report will be closely monitored as an indicator of overall economic strength, given consumption comprises about two-thirds of U.S. economic activity.</p>\n<p>Earnings results from retail juggernaut <a href=\"https://laohu8.com/S/WMT\">Wal-Mart</a> underscored solid shopping trends among American consumers. The company's&nbsp;closely watched U.S. comparable same-store salesgrew 9.2% over last year in the third quarter, and by 15.6% compared to the same period in 2019, to exceed estimates for growth of 7%, according to Bloomberg consensus data. E-commerce sales also held up and grew by a better-than-expected 8%, compared to the 1.9% rise expected, even as more consumers returned to in-person shopping. Shares of Walmart rose in early trading following the report, and shares of peers including Target and Costco rose in sympathy.</p>\n<p><a href=\"https://laohu8.com/S/HD\">Home Depot</a>, meanwhile, also posted better-than-expected sales and earnings results as the company continued to see \"elevated home improvement demand,\" CEO Craig Menear said in Home Depot's earnings statement. Comparable sales grew 6.1% compared to the 1.5% rise anticipated, and the stock closed in on a record high in pre-market trading.</p>\n<p>These reports came at the tail end of what has already been an exceptionally strong earnings season. As of Friday, 92% of S&amp;P 500 companies had reported actual results, and of these, 81% of them had reported better-than-expected earnings results,according to FactSet.</p>\n<p><b>Stocks making the biggest moves in the premarket:</b></p>\n<p><a href=\"https://laohu8.com/S/RXT\">Rackspace Technology</a> – <a href=\"https://laohu8.com/S/RXT\">Rackspace Technology</a> beat estimates by a penny a share, with quarterly earnings of 25 cents per share. The cloud computing company’s revenue also topped Wall Street forecasts. It was Rackspace’s eighth consecutive quarter of revenue growth, and the company said it was well-positioned in a booming market. its shares surged 8.3% in the premarket.</p>\n<p><a href=\"https://laohu8.com/S/AXON\">Axon Enterprise, Inc.</a> – <a href=\"https://laohu8.com/S/AXON\">Axon Enterprise, Inc.</a> soared 23.5 % in premarket trading, after the maker of Tasers, body cameras and other public safety equipment reported much-better-than-expected sales and revenue for its latest quarter.</p>\n<p><a href=\"https://laohu8.com/S/RPRX\">Royalty Pharma plc</a> – <a href=\"https://laohu8.com/S/RPRX\">Royalty Pharma plc</a> rallied 7.8% in premarket trading, following news thatBerkshire Hathaway(BRK.B) took a new $475 million stake in the drug royalty purchaser.</p>\n<p><a href=\"https://laohu8.com/S/HD\">Home Depot</a> – The home improvement retailerreported third-quarter profit of $3.92 per share, 52 cents a share above estimates. Revenue also beat Street forecasts. Comparable-store sales were up a better-than-expected 6.1%, driven by demand for household tools and building materials. The stock rose 1.1% in the premarket.</p>\n<p><a href=\"https://laohu8.com/S/WMT\">Wal-Mart</a> – <a href=\"https://laohu8.com/S/WMT\">Wal-Mart</a> jumped 2% in premarket trading after beating on the top and bottom lines, and raising its full-year forecast. Walmart earned $1.45 per share for the third quarter, 5 cents a share above estimates, with comparable-store sales topping forecasts as well.</p>\n<p><a href=\"https://laohu8.com/S/AAP\">Advance Auto Parts</a> – <a href=\"https://laohu8.com/S/AAP\">Advance Auto Parts</a> earned $3.21 per share for its latest quarter, beating the $2.87 a share consensus estimate. The auto parts retailer beat on revenue and other key metrics. Advance Auto said it was seeing higher-than-expected inflation headwinds, however, and the stock fell 2% in premarket action.</p>\n<p><a href=\"https://laohu8.com/S/DEO\">Diageo PLC</a> – <a href=\"https://laohu8.com/S/DEO\">Diageo PLC</a> rose 2.4% in premarket trading after it issued stronger-than-expected profit and sales guidance for 2023 through 2025, reversing the spirits maker’s prior stance of abandoning specific numerical guidance.</p>\n<p><a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a> –<a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a> CEO Elon Musk sold $930 million in shares to meet tax obligations after exercising options to buy 2.1 million shares. Separately,JPMorgan Chase(JPM) is suing Tesla, accusing it ofbreaching a contract related to stock warrants.</p>\n<p><a href=\"https://laohu8.com/S/ALV\">Autoliv</a> –<a href=\"https://laohu8.com/S/ALV\">Autoliv</a> rallied 4.4% in the premarket, following the announcement of a new stock repurchase program of up to $1.5 billion. The maker of automotive safety systems also updated its growth target, expecting 4% to 6% growth per year in 2024 and beyond.</p>\n<p><a href=\"https://laohu8.com/S/LCID\">Lucid Group Inc</a> – <a href=\"https://laohu8.com/S/LCID\">Lucid Group Inc</a> surged 5.8% in premarket action after the electric vehicle maker reported more than 17,000 reservations for its “Air” sedan, up from 13,000 in the prior quarter. Lucid also confirmed its 2022 production targets.</p>\n<p><a href=\"https://laohu8.com/S/WDAY\">Workday</a> – The human resources software company added 2.4% in the premarket after UBS upgraded the stock to “buy” from “neutral,” on indications of stronger HR systems spending.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1108871969","content_text":"Stock futures gained Tuesday morning, with traders awaiting key new economic data on the state of the consumer after a couple of major retailers topped quarterly earnings results.At 8:00 a.m. ET, S&P 500 e-minis were up 1 point, or 0.02%, Nasdaq 100 e-minis were up 0.75 point, and Dow e-minis  were up 54 points, or 0.15%.\nInvestors are set to receive monthly retail sales data from the Commerce Department later Tuesday morning, which will help show how much momentum consumers had heading into the holiday shopping season. The print is expected to show retail sales rose by 1.5% in October compared to September, accelerating from the previous month’s 0.7% clip, according to Bloomberg consensus data.\nAs usual, the report will be closely monitored as an indicator of overall economic strength, given consumption comprises about two-thirds of U.S. economic activity.\nEarnings results from retail juggernaut Wal-Mart underscored solid shopping trends among American consumers. The company's closely watched U.S. comparable same-store salesgrew 9.2% over last year in the third quarter, and by 15.6% compared to the same period in 2019, to exceed estimates for growth of 7%, according to Bloomberg consensus data. E-commerce sales also held up and grew by a better-than-expected 8%, compared to the 1.9% rise expected, even as more consumers returned to in-person shopping. Shares of Walmart rose in early trading following the report, and shares of peers including Target and Costco rose in sympathy.\nHome Depot, meanwhile, also posted better-than-expected sales and earnings results as the company continued to see \"elevated home improvement demand,\" CEO Craig Menear said in Home Depot's earnings statement. Comparable sales grew 6.1% compared to the 1.5% rise anticipated, and the stock closed in on a record high in pre-market trading.\nThese reports came at the tail end of what has already been an exceptionally strong earnings season. As of Friday, 92% of S&P 500 companies had reported actual results, and of these, 81% of them had reported better-than-expected earnings results,according to FactSet.\nStocks making the biggest moves in the premarket:\nRackspace Technology – Rackspace Technology beat estimates by a penny a share, with quarterly earnings of 25 cents per share. The cloud computing company’s revenue also topped Wall Street forecasts. It was Rackspace’s eighth consecutive quarter of revenue growth, and the company said it was well-positioned in a booming market. its shares surged 8.3% in the premarket.\nAxon Enterprise, Inc. – Axon Enterprise, Inc. soared 23.5 % in premarket trading, after the maker of Tasers, body cameras and other public safety equipment reported much-better-than-expected sales and revenue for its latest quarter.\nRoyalty Pharma plc – Royalty Pharma plc rallied 7.8% in premarket trading, following news thatBerkshire Hathaway(BRK.B) took a new $475 million stake in the drug royalty purchaser.\nHome Depot – The home improvement retailerreported third-quarter profit of $3.92 per share, 52 cents a share above estimates. Revenue also beat Street forecasts. Comparable-store sales were up a better-than-expected 6.1%, driven by demand for household tools and building materials. The stock rose 1.1% in the premarket.\nWal-Mart – Wal-Mart jumped 2% in premarket trading after beating on the top and bottom lines, and raising its full-year forecast. Walmart earned $1.45 per share for the third quarter, 5 cents a share above estimates, with comparable-store sales topping forecasts as well.\nAdvance Auto Parts – Advance Auto Parts earned $3.21 per share for its latest quarter, beating the $2.87 a share consensus estimate. The auto parts retailer beat on revenue and other key metrics. Advance Auto said it was seeing higher-than-expected inflation headwinds, however, and the stock fell 2% in premarket action.\nDiageo PLC – Diageo PLC rose 2.4% in premarket trading after it issued stronger-than-expected profit and sales guidance for 2023 through 2025, reversing the spirits maker’s prior stance of abandoning specific numerical guidance.\nTesla Motors –Tesla Motors CEO Elon Musk sold $930 million in shares to meet tax obligations after exercising options to buy 2.1 million shares. Separately,JPMorgan Chase(JPM) is suing Tesla, accusing it ofbreaching a contract related to stock warrants.\nAutoliv –Autoliv rallied 4.4% in the premarket, following the announcement of a new stock repurchase program of up to $1.5 billion. The maker of automotive safety systems also updated its growth target, expecting 4% to 6% growth per year in 2024 and beyond.\nLucid Group Inc – Lucid Group Inc surged 5.8% in premarket action after the electric vehicle maker reported more than 17,000 reservations for its “Air” sedan, up from 13,000 in the prior quarter. Lucid also confirmed its 2022 production targets.\nWorkday – The human resources software company added 2.4% in the premarket after UBS upgraded the stock to “buy” from “neutral,” on indications of stronger HR systems spending.","news_type":1},"isVote":1,"tweetType":1,"viewCount":276,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":874690728,"gmtCreate":1637764639613,"gmtModify":1637764639709,"author":{"id":"3559297454639767","authorId":"3559297454639767","name":"MJ2317","avatar":"https://static.tigerbbs.com/e630b11b8aefdaa3f6d659668006e6c9","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/874690728","repostId":"1149443792","repostType":4,"repost":{"id":"1149443792","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":1637764212,"share":"https://www.laohu8.com/m/news/1149443792?lang=&edition=full","pubTime":"2021-11-24 22:30","market":"us","language":"en","title":"Stocks fall as higher yields hit tech names again, retail earnings disappoint","url":"https://stock-news.laohu8.com/highlight/detail?id=1149443792","media":"Tiger Newspress","summary":"U.S. stocks fell at the open on Wednesday morning as higher yields continued to put pressure on high","content":"<p>U.S. stocks fell at the open on Wednesday morning as higher yields continued to put pressure on high-flying tech stocks.</p>\n<p>The Dow Jones Industrial Averaged shed 200 points, or about 0.6%. The S&amp;P 500 lose 0.6%, while the tech-heavy Nasdaq Composit slid 0.9%.</p>\n<p>The three major indexes held lower even after new Labor Department data showed new&nbsp;weekly jobless claims&nbsp;fell far more than expected to their lowest level since November 1969, underscoring the current tight labor market conditions. The 10-year Treasury yield rose to near 1.7% amid these further signs of a firming economic recovery.</p>\n<p>Rising interest rates have coincided with a selloff in tech and growth stocks this week, with the Nasdaq dropping another 0.5% on Tuesday after Monday's more than 1% decline.</p>\n<p>\"Initially, the markets were happy with the FOMC decision [for Fed Chair Jerome Powell'srenomination] in the sense that it was sort of a continuity play to some degree. But then rates started to rise, and a lot of folks read rising rates as negative for big-cap tech,\" Stuart Kaiser, UBS head of equity derivatives research,told Yahoo Finance Live.\"So I think the tradeoff we're going to have here is that, tech has been market leadership — it's obviously a strong earnings growth and free cash flow engine for U.S. equities — but if you believe it's going to come under pressure from higher yields, then you end up with kind of a difficult Catch-22.\"</p>\n<p>Investors are set to receive more economic data later Wednesday morning ahead of the Thanksgiving Day market holiday, with both the U.S. stock and bond markets set to close all day Thursday. Importantly, the Bureau of Economic Analysis will release the October personal consumption expenditures (PCE) deflator, offering an updated look at the extent of the price increases still reverberating through the U.S. economy.</p>\n<p>The headline PCE deflator is expected to rise by 5.1% in October over last year for its fastest annual growth rate in more than three decades. Taken in tandem with a bevy of other data pointing to persistently high inflation, investors are speculating that the Federal Reserve will step in and raise benchmark interest rates from their near-zero levels next year to try and stem rising prices.</p>\n<p>According to other analysts, the market action this week — with a renewed rotation away from technology and growth stocks in the face of rising rates — could presage the investing environment for next year.</p>\n<p>\"[Tuesday] might be an example of what we see more of next year as the Fed moves into a mode of withdrawing liquidity from the markets and ending these pandemic-era policies, perhaps with rate hikes at the end of the year,\" Jeffrey Kleintop, Charles Schwab chief global investment strategist,told Yahoo Finance Live.\"And that means higher-valuation stocks, well, they tend to not do as well in environments of rising interest rates and tighter financial conditions.\"</p>\n<p>\"So you may want to look to be in those sectors that are maybe trading closer to their average valuations, looking to leadership like financials, energy,\" he added. \"The only caveat to that is when we see these upticks in COVID cases globally, it tends to favor those lockdown defensives like technology.\"</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>Stocks fall as higher yields hit tech names again, retail earnings disappoint</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 fall as higher yields hit tech names again, retail earnings disappoint\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\">2021-11-24 22:30</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>U.S. stocks fell at the open on Wednesday morning as higher yields continued to put pressure on high-flying tech stocks.</p>\n<p>The Dow Jones Industrial Averaged shed 200 points, or about 0.6%. The S&amp;P 500 lose 0.6%, while the tech-heavy Nasdaq Composit slid 0.9%.</p>\n<p>The three major indexes held lower even after new Labor Department data showed new&nbsp;weekly jobless claims&nbsp;fell far more than expected to their lowest level since November 1969, underscoring the current tight labor market conditions. The 10-year Treasury yield rose to near 1.7% amid these further signs of a firming economic recovery.</p>\n<p>Rising interest rates have coincided with a selloff in tech and growth stocks this week, with the Nasdaq dropping another 0.5% on Tuesday after Monday's more than 1% decline.</p>\n<p>\"Initially, the markets were happy with the FOMC decision [for Fed Chair Jerome Powell'srenomination] in the sense that it was sort of a continuity play to some degree. But then rates started to rise, and a lot of folks read rising rates as negative for big-cap tech,\" Stuart Kaiser, UBS head of equity derivatives research,told Yahoo Finance Live.\"So I think the tradeoff we're going to have here is that, tech has been market leadership — it's obviously a strong earnings growth and free cash flow engine for U.S. equities — but if you believe it's going to come under pressure from higher yields, then you end up with kind of a difficult Catch-22.\"</p>\n<p>Investors are set to receive more economic data later Wednesday morning ahead of the Thanksgiving Day market holiday, with both the U.S. stock and bond markets set to close all day Thursday. Importantly, the Bureau of Economic Analysis will release the October personal consumption expenditures (PCE) deflator, offering an updated look at the extent of the price increases still reverberating through the U.S. economy.</p>\n<p>The headline PCE deflator is expected to rise by 5.1% in October over last year for its fastest annual growth rate in more than three decades. Taken in tandem with a bevy of other data pointing to persistently high inflation, investors are speculating that the Federal Reserve will step in and raise benchmark interest rates from their near-zero levels next year to try and stem rising prices.</p>\n<p>According to other analysts, the market action this week — with a renewed rotation away from technology and growth stocks in the face of rising rates — could presage the investing environment for next year.</p>\n<p>\"[Tuesday] might be an example of what we see more of next year as the Fed moves into a mode of withdrawing liquidity from the markets and ending these pandemic-era policies, perhaps with rate hikes at the end of the year,\" Jeffrey Kleintop, Charles Schwab chief global investment strategist,told Yahoo Finance Live.\"And that means higher-valuation stocks, well, they tend to not do as well in environments of rising interest rates and tighter financial conditions.\"</p>\n<p>\"So you may want to look to be in those sectors that are maybe trading closer to their average valuations, looking to leadership like financials, energy,\" he added. \"The only caveat to that is when we see these upticks in COVID cases globally, it tends to favor those lockdown defensives like technology.\"</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1149443792","content_text":"U.S. stocks fell at the open on Wednesday morning as higher yields continued to put pressure on high-flying tech stocks.\nThe Dow Jones Industrial Averaged shed 200 points, or about 0.6%. The S&P 500 lose 0.6%, while the tech-heavy Nasdaq Composit slid 0.9%.\nThe three major indexes held lower even after new Labor Department data showed new weekly jobless claims fell far more than expected to their lowest level since November 1969, underscoring the current tight labor market conditions. The 10-year Treasury yield rose to near 1.7% amid these further signs of a firming economic recovery.\nRising interest rates have coincided with a selloff in tech and growth stocks this week, with the Nasdaq dropping another 0.5% on Tuesday after Monday's more than 1% decline.\n\"Initially, the markets were happy with the FOMC decision [for Fed Chair Jerome Powell'srenomination] in the sense that it was sort of a continuity play to some degree. But then rates started to rise, and a lot of folks read rising rates as negative for big-cap tech,\" Stuart Kaiser, UBS head of equity derivatives research,told Yahoo Finance Live.\"So I think the tradeoff we're going to have here is that, tech has been market leadership — it's obviously a strong earnings growth and free cash flow engine for U.S. equities — but if you believe it's going to come under pressure from higher yields, then you end up with kind of a difficult Catch-22.\"\nInvestors are set to receive more economic data later Wednesday morning ahead of the Thanksgiving Day market holiday, with both the U.S. stock and bond markets set to close all day Thursday. Importantly, the Bureau of Economic Analysis will release the October personal consumption expenditures (PCE) deflator, offering an updated look at the extent of the price increases still reverberating through the U.S. economy.\nThe headline PCE deflator is expected to rise by 5.1% in October over last year for its fastest annual growth rate in more than three decades. Taken in tandem with a bevy of other data pointing to persistently high inflation, investors are speculating that the Federal Reserve will step in and raise benchmark interest rates from their near-zero levels next year to try and stem rising prices.\nAccording to other analysts, the market action this week — with a renewed rotation away from technology and growth stocks in the face of rising rates — could presage the investing environment for next year.\n\"[Tuesday] might be an example of what we see more of next year as the Fed moves into a mode of withdrawing liquidity from the markets and ending these pandemic-era policies, perhaps with rate hikes at the end of the year,\" Jeffrey Kleintop, Charles Schwab chief global investment strategist,told Yahoo Finance Live.\"And that means higher-valuation stocks, well, they tend to not do as well in environments of rising interest rates and tighter financial conditions.\"\n\"So you may want to look to be in those sectors that are maybe trading closer to their average valuations, looking to leadership like financials, energy,\" he added. \"The only caveat to that is when we see these upticks in COVID cases globally, it tends to favor those lockdown defensives like technology.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":307,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":601306229,"gmtCreate":1638489072949,"gmtModify":1638489073046,"author":{"id":"3559297454639767","authorId":"3559297454639767","name":"MJ2317","avatar":"https://static.tigerbbs.com/e630b11b8aefdaa3f6d659668006e6c9","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/601306229","repostId":"2188510525","repostType":4,"repost":{"id":"2188510525","pubTimestamp":1638480363,"share":"https://www.laohu8.com/m/news/2188510525?lang=&edition=full","pubTime":"2021-12-03 05:26","market":"us","language":"en","title":"US STOCKS-Wall Street ends higher in robust rebound from Omicron-driven rout","url":"https://stock-news.laohu8.com/highlight/detail?id=2188510525","media":"Reuters","summary":"A broad rally sent Wall Street to a sharply higher close on Thursday, recovering ground lost over re","content":"<p>A broad rally sent Wall Street to a sharply higher close on Thursday, recovering ground lost over recent sessions as market participants snapped up bargains while digesting the implications of a shifting pandemic.</p>\n<p>All three U.S. indexes advanced, with investors favoring value over growth, and economically sensitive smallcaps and transports outperforming the broader market.</p>\n<p>Of the three, the Dow gained the most, notching its highest <a href=\"https://laohu8.com/S/AONE.U\">one</a>-day percentage gain since March 5, with Boeing Co providing the biggest lift to the blue-chip industrial average.</p>\n<p>\"We went 29 days in a row in the S&amp;P 500 without a 1% change, up or down, but boom - Omicron hits and five days we’ve had this blast of volatility,\" said Ryan Detrick, chief market strategist at LPL Financial in Charlotte, North Carolina.</p>\n<p>\"After the worst two-day drop in more than a year, we’re finally seeing a bit of a bounce,\" Detrick added. \"Buyers are starting to nibble after the recent weakness and pushed stocks higher, but the uncertainty of Omicron is still out there.\"</p>\n<p>As world governments scramble to determine how to respond to the emergent COVID-19 Omicron variant, the United States is set to require private health insurance companies to provide at-home tests, a policy expected to go into effect on Jan. 15.</p>\n<p>The Omicron variant has spooked markets for about a week, hitting travel-related stocks particularly hard as a patchwork of new restrictions were enacted around the globe, but those companies were bouncing back in Thursday's session.</p>\n<p>The S&amp;P 1500 Airlines and Hotel and Restaurants indexes jumped 7.5% and 3.8%, respectively.</p>\n<p>It was the S&amp;P 1500 Airlines index's best one-day performance since Nov. 9, 2020, when Pfizer Inc announced the vaccine it developed with BioNTech was more than 90% effective in preventing COVID-19 infection.</p>\n<p>Jobless claims and planned layoffs data provided further evidence that employers are increasingly disinclined to hand out pink slips amid a tight labor market, the result of booming demand colliding with worker scarcity and low labor market participation.</p>\n<p>Labor scarcity, combined with stubbornly persistent supply chain constraints, has helped erase the word \"transitory\" from the Federal Reserve's inflation vocabulary as wages and prices continue to rise, and could very well translate into rate hikes coming sooner and faster than many had hoped.</p>\n<p>Market participants now train their gaze on the Labor Department's hotly anticipated November employment report, expected on Friday.</p>\n<p>\"We're optimistic we’ll have another strong number, suggesting the economy continues to be on very firm footing,\" Detrick added. \"We’re watching wage growth for any hints of potential inflationary worries.\"</p>\n<p>The Dow Jones Industrial Average rose 617.75 points, or 1.82%, to 34,639.79, the S&amp;P 500 gained 64.06 points, or 1.42%, to 4,577.1 and the Nasdaq Composite added 127.27 points, or 0.83%, to 15,381.32.</p>\n<p>All 11 major sectors of the S&amp;P 500 closed in positive territory, with industrials, energy and financials enjoying the biggest percentage gains.</p>\n<p>Boeing shares had their best day since Feb. 24, jumping 7.5% after China's aviation authority gave its seal of approval the planemaker's 737 MAX aircraft.</p>\n<p>Grocery retailer Kroger Co raised its full-year sales and profit forecasts, sending its stock bounding 11% higher.</p>\n<p>Consumer credit companies <a href=\"https://laohu8.com/S/V\">Visa</a> Inc, Mastercard Inc and American Express Co all advanced more than 4%.</p>\n<p>Advancing issues outnumbered declining ones on the NYSE by a 2.49-to-1 ratio; on Nasdaq, a 1.79-to-1 ratio favored advancers.</p>\n<p>The S&amp;P 500 posted four new 52-week highs and 12 new lows; the Nasdaq Composite recorded 15 new highs and 559 new lows.</p>\n<p>Volume on U.S. exchanges was 12.85 billion shares, compared with the 11.40 billion average over the last 20 trading days. (Reporting by Stephen Culp; additional reporting by Devik Jain and Anisha Sircar in Bengaluru Editing by Marguerita Choy)</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US STOCKS-Wall Street ends higher in robust rebound from Omicron-driven rout</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\">\nUS STOCKS-Wall Street ends higher in robust rebound from Omicron-driven rout\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-03 05:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/us-stocks-wall-street-ends-212603535.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A broad rally sent Wall Street to a sharply higher close on Thursday, recovering ground lost over recent sessions as market participants snapped up bargains while digesting the implications of a ...</p>\n\n<a href=\"https://finance.yahoo.com/news/us-stocks-wall-street-ends-212603535.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BA":"波音","BK4079":"房地产服务","BK4539":"次新股","BK4516":"特朗普概念","BK4564":"太空概念","COMP":"Compass, Inc.","BK4187":"航天航空与国防","BK4551":"寇图资本持仓"},"source_url":"https://finance.yahoo.com/news/us-stocks-wall-street-ends-212603535.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2188510525","content_text":"A broad rally sent Wall Street to a sharply higher close on Thursday, recovering ground lost over recent sessions as market participants snapped up bargains while digesting the implications of a shifting pandemic.\nAll three U.S. indexes advanced, with investors favoring value over growth, and economically sensitive smallcaps and transports outperforming the broader market.\nOf the three, the Dow gained the most, notching its highest one-day percentage gain since March 5, with Boeing Co providing the biggest lift to the blue-chip industrial average.\n\"We went 29 days in a row in the S&P 500 without a 1% change, up or down, but boom - Omicron hits and five days we’ve had this blast of volatility,\" said Ryan Detrick, chief market strategist at LPL Financial in Charlotte, North Carolina.\n\"After the worst two-day drop in more than a year, we’re finally seeing a bit of a bounce,\" Detrick added. \"Buyers are starting to nibble after the recent weakness and pushed stocks higher, but the uncertainty of Omicron is still out there.\"\nAs world governments scramble to determine how to respond to the emergent COVID-19 Omicron variant, the United States is set to require private health insurance companies to provide at-home tests, a policy expected to go into effect on Jan. 15.\nThe Omicron variant has spooked markets for about a week, hitting travel-related stocks particularly hard as a patchwork of new restrictions were enacted around the globe, but those companies were bouncing back in Thursday's session.\nThe S&P 1500 Airlines and Hotel and Restaurants indexes jumped 7.5% and 3.8%, respectively.\nIt was the S&P 1500 Airlines index's best one-day performance since Nov. 9, 2020, when Pfizer Inc announced the vaccine it developed with BioNTech was more than 90% effective in preventing COVID-19 infection.\nJobless claims and planned layoffs data provided further evidence that employers are increasingly disinclined to hand out pink slips amid a tight labor market, the result of booming demand colliding with worker scarcity and low labor market participation.\nLabor scarcity, combined with stubbornly persistent supply chain constraints, has helped erase the word \"transitory\" from the Federal Reserve's inflation vocabulary as wages and prices continue to rise, and could very well translate into rate hikes coming sooner and faster than many had hoped.\nMarket participants now train their gaze on the Labor Department's hotly anticipated November employment report, expected on Friday.\n\"We're optimistic we’ll have another strong number, suggesting the economy continues to be on very firm footing,\" Detrick added. \"We’re watching wage growth for any hints of potential inflationary worries.\"\nThe Dow Jones Industrial Average rose 617.75 points, or 1.82%, to 34,639.79, the S&P 500 gained 64.06 points, or 1.42%, to 4,577.1 and the Nasdaq Composite added 127.27 points, or 0.83%, to 15,381.32.\nAll 11 major sectors of the S&P 500 closed in positive territory, with industrials, energy and financials enjoying the biggest percentage gains.\nBoeing shares had their best day since Feb. 24, jumping 7.5% after China's aviation authority gave its seal of approval the planemaker's 737 MAX aircraft.\nGrocery retailer Kroger Co raised its full-year sales and profit forecasts, sending its stock bounding 11% higher.\nConsumer credit companies Visa Inc, Mastercard Inc and American Express Co all advanced more than 4%.\nAdvancing issues outnumbered declining ones on the NYSE by a 2.49-to-1 ratio; on Nasdaq, a 1.79-to-1 ratio favored advancers.\nThe S&P 500 posted four new 52-week highs and 12 new lows; the Nasdaq Composite recorded 15 new highs and 559 new lows.\nVolume on U.S. exchanges was 12.85 billion shares, compared with the 11.40 billion average over the last 20 trading days. (Reporting by Stephen Culp; additional reporting by Devik Jain and Anisha Sircar in Bengaluru Editing by Marguerita Choy)","news_type":1},"isVote":1,"tweetType":1,"viewCount":421,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":609666274,"gmtCreate":1638280426944,"gmtModify":1638280427079,"author":{"id":"3559297454639767","authorId":"3559297454639767","name":"MJ2317","avatar":"https://static.tigerbbs.com/e630b11b8aefdaa3f6d659668006e6c9","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/609666274","repostId":"2187817235","repostType":4,"repost":{"id":"2187817235","pubTimestamp":1638279553,"share":"https://www.laohu8.com/m/news/2187817235?lang=&edition=full","pubTime":"2021-11-30 21:39","market":"us","language":"en","title":"4 Stocks Billionaires Are Buying Hand Over Fist","url":"https://stock-news.laohu8.com/highlight/detail?id=2187817235","media":"Motley Fool","summary":"Successful money managers purchased a number of unexpected stocks in the third quarter.","content":"<p>You may not realize it, but one of the most important data releases of the quarter occurred approximately two weeks ago.</p>\n<p>On Nov. 15, institutional investors and hedge funds with at least $100 million in assets under management were required to file Form 13F with the Securities and Exchange Commission (SEC). A 13F provides Wall Street and investors with an under-the-hood look at what the smartest money managers were buying and selling in the previous quarter (i.e., the third quarter). Though 13Fs are a bit dated by the time they're filed with the SEC (holdings are as of Sept. 30, 2021), they still provide valuable clues of what's catching the attention of the world's most successful fund managers.</p>\n<p>With the latest round of 13Fs, one thing stands out: billionaires were buying stocks hand over fist. However, they didn't necessarily buy the names you'd expect.</p>\n<p class=\"t-img-caption\"><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F654909%2Fbusinessman-looking-at-ticker-board-stock-market-getty.jpg&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"><span>Image source: Getty Images.</span></p>\n<h2>Ken Griffin (Citadel Advisors): Tesla Motors</h2>\n<p>Billionaire Ken Griffin is a wildly successful investor who's known for extracting big wins from his firms' options positions. But the big story from the third quarter is that Citadel made electric vehicle (EV) manufacturer <b>Tesla Motors</b> (NASDAQ:TSLA) its largest non-options holding. Griffin's fund bought close to 1.8 million shares of Tesla in the third quarter, increasing its position by 873% from the end of June.</p>\n<p>Why Tesla? One logical explanation is that EVs are inevitable. Pretty much every major economic powerhouse worldwide is focused on reducing carbon emissions going forward. Perhaps the easiest way to make a dent in carbon emissions is to push a multi-decade vehicle replacement cycle.</p>\n<p>A more likely explanation for Griffin's interest in Tesla is the company's first-mover advantage. Even with an ongoing semiconductor chip shortage, Tesla looks to be on pace to hit 800,000 (or more) EV deliveries in 2021. Further, it could reasonably pace 50% annual delivery growth over the next couple of years as new gigafactories come online. With no other automakers coming close (at the moment) to its combination of battery range, power, and capacity, Griffin likely feels he and his fund can ride this momentum higher.</p>\n<p class=\"t-img-caption\"><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F654909%2Fko-drink-bottle.jpg&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"467\" referrerpolicy=\"no-referrer\"><span>Image source: Coca-Cola.</span></p>\n<h2>Jim Simons (Renaissance Technologies): Coca-Cola</h2>\n<p>For a highly diversified fund known for its love of innovation, the shock of the quarter might just be that billionaire Jim Simons was buying beverage giant <b>Coca-Cola</b> (NYSE:KO) hand over fist. All told, Renaissance Technologies added a little over 6 million shares of Coke in the third quarter, which more than tripled its stake as of the end of June.</p>\n<p>With the benchmark <b>S&amp;P 500</b> taking less than 17 months to double from its coronavirus bear-market bottom, Simons' substantially increased stake in Coke might be a means of playing it safe and hedging his funds' bets. Since Coca-Cola has a presence in all but two countries worldwide (Cuba and North Korea), and its portfolio sports more than 20 brands generating at least $1 billion in annual sales, it's a safe bet to generate modest returns -- or at worst hold up much better than the broader market if a crash or correction strikes.</p>\n<p>Coca-Cola is also a relatively smart inflation play. The company is parsing out a hearty 3.1% yield, has raised its base annual dividend for 59 consecutive years, and its well-known brand makes it easy for the company to pass along higher costs to its customers.</p>\n<p class=\"t-img-caption\"><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F654909%2Fmature-woman-shopping-mall-retail-gdp-clothing-getty.jpg&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"><span>Image source: Getty Images.</span></p>\n<h2>David Tepper (Appaloosa): Macy's</h2>\n<p>In a market dominated by growth stocks, billionaire David Tepper headed to the retail counter in the third quarter and piled into department store <b>Macy's</b> (NYSE:M). Tepper's Appaloosa purchased 3.39 million shares, which lifted the fund's stake to an even 7 million shares.</p>\n<p>Scratching your head as to why a successful money manager is buying into an old-school retailer? The answer looks to be Macy's, thus far, solid execution on its three-year Polaris strategy. In no particular order, this strategy includes:</p>\n<ul>\n <li>Closing underperforming stores and reducing corporate and store-level staff to cut expenses.</li>\n <li>Emphasizing digital sales channels, which are a high-growth opportunity for the company until the pandemic ends (and perhaps well after).</li>\n <li>Increasing customer engagement through its loyalty rewards program.</li>\n <li>Focusing its efforts of a small number of higher-margin private brands.</li>\n</ul>\n<p>Although Macy's has challenges to overcome, such as continuing to pay down more than $6 billion in debt, the initial results show its digitization and branding efforts are paying off. The company ended September with 4.4 million new customers, up 28% from the comparable period in 2019 (i.e., before the pandemic). Additionally, 33% of net sales derived online, up from 23% in Q3 2019.&nbsp; If these arrows continue to point higher, Tepper may have found himself a bargain.</p>\n<p class=\"t-img-caption\"><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F654909%2Fwoman-talk-smartphone-city-wireless-5g-4g-data-voicemail-getty.jpg&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"><span>Image source: Getty Images.</span></p>\n<h2>Israel Englander (Millennium Management): AT&amp;T</h2>\n<p>Like Ken Griffin, billionaire Israel Englander is a big fan of utilizing put and call options to maximize returns for his fund, Millennium Management. However, the big buy in the third quarter was stodgy telecom giant <b>AT&amp;T</b> (NYSE:T). Englander's fund bought up close to 11.2 million shares, which increased its stake by 165% from the sequential second quarter.</p>\n<p>Similar to Coca-Cola, buying AT&amp;T is a play on value and stability in a very pricey market. For the time being, it's paying out an inflation-topping 8.6% yield and can be purchased for a little north of 7 times Wall Street's estimated earnings per share this year.</p>\n<p>But what might have wet Englander's whistle is AT&amp;T's plan to spin off its content arm, WarnerMedia, and combine it with <b>Discovery</b>. Combining forces will save more than $3 billion in annual costs and vastly improve original and sports programming options for streaming customers. Most importantly, it'll allow AT&amp;T to reduce its debt (and its dividend, as well) and focus on growing its wireless business with the ongoing rollout of 5G infrastructure.</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>4 Stocks Billionaires Are Buying Hand Over Fist</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\">\n4 Stocks Billionaires Are Buying Hand Over Fist\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-30 21:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/11/30/4-stocks-billionaires-are-buying-hand-over-fist/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>You may not realize it, but one of the most important data releases of the quarter occurred approximately two weeks ago.\nOn Nov. 15, institutional investors and hedge funds with at least $100 million ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/11/30/4-stocks-billionaires-are-buying-hand-over-fist/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4515":"5G概念","BK4550":"红杉资本持仓","BK4099":"汽车制造商","BK4177":"软饮料","BK4527":"明星科技股","T":"美国电话电报","BK4559":"巴菲特持仓","KO":"可口可乐","BK4504":"桥水持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4555":"新能源车","BK4534":"瑞士信贷持仓","BK4507":"流媒体概念","BK4115":"综合电信业务","BK4532":"文艺复兴科技持仓","BK4103":"百货商店","BK4548":"巴美列捷福持仓","EV":"MAST GLOBAL BATTERY RECYCLING & PRODUCTION ETF","M":"梅西百货","TSLA":"特斯拉","BK4551":"寇图资本持仓"},"source_url":"https://www.fool.com/investing/2021/11/30/4-stocks-billionaires-are-buying-hand-over-fist/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2187817235","content_text":"You may not realize it, but one of the most important data releases of the quarter occurred approximately two weeks ago.\nOn Nov. 15, institutional investors and hedge funds with at least $100 million in assets under management were required to file Form 13F with the Securities and Exchange Commission (SEC). A 13F provides Wall Street and investors with an under-the-hood look at what the smartest money managers were buying and selling in the previous quarter (i.e., the third quarter). Though 13Fs are a bit dated by the time they're filed with the SEC (holdings are as of Sept. 30, 2021), they still provide valuable clues of what's catching the attention of the world's most successful fund managers.\nWith the latest round of 13Fs, one thing stands out: billionaires were buying stocks hand over fist. However, they didn't necessarily buy the names you'd expect.\nImage source: Getty Images.\nKen Griffin (Citadel Advisors): Tesla Motors\nBillionaire Ken Griffin is a wildly successful investor who's known for extracting big wins from his firms' options positions. But the big story from the third quarter is that Citadel made electric vehicle (EV) manufacturer Tesla Motors (NASDAQ:TSLA) its largest non-options holding. Griffin's fund bought close to 1.8 million shares of Tesla in the third quarter, increasing its position by 873% from the end of June.\nWhy Tesla? One logical explanation is that EVs are inevitable. Pretty much every major economic powerhouse worldwide is focused on reducing carbon emissions going forward. Perhaps the easiest way to make a dent in carbon emissions is to push a multi-decade vehicle replacement cycle.\nA more likely explanation for Griffin's interest in Tesla is the company's first-mover advantage. Even with an ongoing semiconductor chip shortage, Tesla looks to be on pace to hit 800,000 (or more) EV deliveries in 2021. Further, it could reasonably pace 50% annual delivery growth over the next couple of years as new gigafactories come online. With no other automakers coming close (at the moment) to its combination of battery range, power, and capacity, Griffin likely feels he and his fund can ride this momentum higher.\nImage source: Coca-Cola.\nJim Simons (Renaissance Technologies): Coca-Cola\nFor a highly diversified fund known for its love of innovation, the shock of the quarter might just be that billionaire Jim Simons was buying beverage giant Coca-Cola (NYSE:KO) hand over fist. All told, Renaissance Technologies added a little over 6 million shares of Coke in the third quarter, which more than tripled its stake as of the end of June.\nWith the benchmark S&P 500 taking less than 17 months to double from its coronavirus bear-market bottom, Simons' substantially increased stake in Coke might be a means of playing it safe and hedging his funds' bets. Since Coca-Cola has a presence in all but two countries worldwide (Cuba and North Korea), and its portfolio sports more than 20 brands generating at least $1 billion in annual sales, it's a safe bet to generate modest returns -- or at worst hold up much better than the broader market if a crash or correction strikes.\nCoca-Cola is also a relatively smart inflation play. The company is parsing out a hearty 3.1% yield, has raised its base annual dividend for 59 consecutive years, and its well-known brand makes it easy for the company to pass along higher costs to its customers.\nImage source: Getty Images.\nDavid Tepper (Appaloosa): Macy's\nIn a market dominated by growth stocks, billionaire David Tepper headed to the retail counter in the third quarter and piled into department store Macy's (NYSE:M). Tepper's Appaloosa purchased 3.39 million shares, which lifted the fund's stake to an even 7 million shares.\nScratching your head as to why a successful money manager is buying into an old-school retailer? The answer looks to be Macy's, thus far, solid execution on its three-year Polaris strategy. In no particular order, this strategy includes:\n\nClosing underperforming stores and reducing corporate and store-level staff to cut expenses.\nEmphasizing digital sales channels, which are a high-growth opportunity for the company until the pandemic ends (and perhaps well after).\nIncreasing customer engagement through its loyalty rewards program.\nFocusing its efforts of a small number of higher-margin private brands.\n\nAlthough Macy's has challenges to overcome, such as continuing to pay down more than $6 billion in debt, the initial results show its digitization and branding efforts are paying off. The company ended September with 4.4 million new customers, up 28% from the comparable period in 2019 (i.e., before the pandemic). Additionally, 33% of net sales derived online, up from 23% in Q3 2019.  If these arrows continue to point higher, Tepper may have found himself a bargain.\nImage source: Getty Images.\nIsrael Englander (Millennium Management): AT&T\nLike Ken Griffin, billionaire Israel Englander is a big fan of utilizing put and call options to maximize returns for his fund, Millennium Management. However, the big buy in the third quarter was stodgy telecom giant AT&T (NYSE:T). Englander's fund bought up close to 11.2 million shares, which increased its stake by 165% from the sequential second quarter.\nSimilar to Coca-Cola, buying AT&T is a play on value and stability in a very pricey market. For the time being, it's paying out an inflation-topping 8.6% yield and can be purchased for a little north of 7 times Wall Street's estimated earnings per share this year.\nBut what might have wet Englander's whistle is AT&T's plan to spin off its content arm, WarnerMedia, and combine it with Discovery. Combining forces will save more than $3 billion in annual costs and vastly improve original and sports programming options for streaming customers. Most importantly, it'll allow AT&T to reduce its debt (and its dividend, as well) and focus on growing its wireless business with the ongoing rollout of 5G infrastructure.","news_type":1},"isVote":1,"tweetType":1,"viewCount":494,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":876849151,"gmtCreate":1637295466551,"gmtModify":1637295466698,"author":{"id":"3559297454639767","authorId":"3559297454639767","name":"MJ2317","avatar":"https://static.tigerbbs.com/e630b11b8aefdaa3f6d659668006e6c9","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Hmm","listText":"Hmm","text":"Hmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/876849151","repostId":"2184189467","repostType":4,"repost":{"id":"2184189467","pubTimestamp":1637288187,"share":"https://www.laohu8.com/m/news/2184189467?lang=&edition=full","pubTime":"2021-11-19 10:16","market":"us","language":"en","title":"Is this stock the next Amazon?","url":"https://stock-news.laohu8.com/highlight/detail?id=2184189467","media":"Yahoo Finance","summary":"Amazon's stock was priced at $18 when it went public in 1997. Today, the stock trades for more than ","content":"<p><a href=\"https://laohu8.com/S/AMZN\">Amazon</a>'s stock was priced at $18 when it went public in 1997. Today, the stock trades for more than $3,600 as the tech behemoth has cashed in on surging markets such as cloud services and online retail.</p>\n<p>Veteran tech analyst Mark Mahaney of Evercore ISI thinks <a href=\"https://laohu8.com/S/UBER\">Uber </a> could be the next Amazon-like investment as it capitalizes on its own expanding market known as the on-demand economy.</p>\n<p>\"To me, Uber fits the bill of a still early stage company that has massive TAMs (total addressable markets). It's not founder led and that is one negative. But it has a compelling value proposition,\" Mahaney said on Yahoo Finance Live.</p>\n<p>Mahaney — the author of new tech investment book Nothing But Net — believes Uber has an opportunity to take advantage of hot growth markets like ride-hailing and delivery.</p>\n<p>\"The total addressable markets that Uber faces are truly massive. We are talking about ride-hailing and delivery, not just restaurant food delivery but all sorts of delivery. I call those trillion dollar TAMs,\" Mahaney explained.</p>\n<p>After a disastrous IPO in 2019, Uber has begun to show it's getting its act together. The company has sold off non-core assets to slash expenses, while also investing more behind its core businesses of ride-hailing and delivery.</p>\n<p>Uber's third quarter marked the first time as a public company in which it delivered adjusted operating profits. Third quarter bookings rose 57% from the prior year as mobility picked up with the COVID-19 pandemic rounding the corner.</p>\n<p>For the fourth quarter, Uber sees adjusted operating profits in a range of $25 million to $75 million.</p>\n<p>Despite the operational progress, Uber has a ways to go to show it could be an Amazon-like stock as Mahaney suggests.</p>\n<p>Uber shares are down 12% year to date, under-performing rival Lyft (LYFT) whose stock is unchanged on the year. At $44.59 currently, Uber's stock trades below its 2019 IPO pricing of $45.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is this stock the next Amazon?</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\">\nIs this stock the next Amazon?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-19 10:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/is-this-stock-the-next-amazon-203512088.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Amazon's stock was priced at $18 when it went public in 1997. Today, the stock trades for more than $3,600 as the tech behemoth has cashed in on surging markets such as cloud services and online ...</p>\n\n<a href=\"https://finance.yahoo.com/news/is-this-stock-the-next-amazon-203512088.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊","UBER":"优步"},"source_url":"https://finance.yahoo.com/news/is-this-stock-the-next-amazon-203512088.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2184189467","content_text":"Amazon's stock was priced at $18 when it went public in 1997. Today, the stock trades for more than $3,600 as the tech behemoth has cashed in on surging markets such as cloud services and online retail.\nVeteran tech analyst Mark Mahaney of Evercore ISI thinks Uber  could be the next Amazon-like investment as it capitalizes on its own expanding market known as the on-demand economy.\n\"To me, Uber fits the bill of a still early stage company that has massive TAMs (total addressable markets). It's not founder led and that is one negative. But it has a compelling value proposition,\" Mahaney said on Yahoo Finance Live.\nMahaney — the author of new tech investment book Nothing But Net — believes Uber has an opportunity to take advantage of hot growth markets like ride-hailing and delivery.\n\"The total addressable markets that Uber faces are truly massive. We are talking about ride-hailing and delivery, not just restaurant food delivery but all sorts of delivery. I call those trillion dollar TAMs,\" Mahaney explained.\nAfter a disastrous IPO in 2019, Uber has begun to show it's getting its act together. The company has sold off non-core assets to slash expenses, while also investing more behind its core businesses of ride-hailing and delivery.\nUber's third quarter marked the first time as a public company in which it delivered adjusted operating profits. Third quarter bookings rose 57% from the prior year as mobility picked up with the COVID-19 pandemic rounding the corner.\nFor the fourth quarter, Uber sees adjusted operating profits in a range of $25 million to $75 million.\nDespite the operational progress, Uber has a ways to go to show it could be an Amazon-like stock as Mahaney suggests.\nUber shares are down 12% year to date, under-performing rival Lyft (LYFT) whose stock is unchanged on the year. At $44.59 currently, Uber's stock trades below its 2019 IPO pricing of $45.","news_type":1},"isVote":1,"tweetType":1,"viewCount":193,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":873018914,"gmtCreate":1636794594473,"gmtModify":1636794594604,"author":{"id":"3559297454639767","authorId":"3559297454639767","name":"MJ2317","avatar":"https://static.tigerbbs.com/e630b11b8aefdaa3f6d659668006e6c9","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/873018914","repostId":"1102251183","repostType":4,"repost":{"id":"1102251183","pubTimestamp":1636772424,"share":"https://www.laohu8.com/m/news/1102251183?lang=&edition=full","pubTime":"2021-11-13 11:00","market":"us","language":"en","title":"Pfizer Shows Its R&D Is Strong. It’s a Good Sign for the Stock.","url":"https://stock-news.laohu8.com/highlight/detail?id=1102251183","media":"Barrons","summary":"Pfizer’s chief scientific officer, Mikael Dolsten, sounded giddy when reached via telephone early Mo","content":"<p>Pfizer’s&nbsp;chief scientific officer, Mikael Dolsten, sounded giddy when reached via telephone early Monday morning. It was just days after his company knocked the socks off the market with the news that its Covid-19 antiviral had cut the risk of hospitalization by 89% in high-risk adults.</p>\n<p>“It can’t be just a random thing, that you’re able to beat this type of world record and get a grand slam at the same time by chance,” Dolsten said, scrambling sports metaphors as he sought to illustrate the magnitude of Pfizer’s twin wins: the development of a stunningly effective Covid-19 vaccine in just 10 months, followed a year later by the development of a similarly stunning Covid-19 antiviral.</p>\n<p>Two years ago, Pfizer (ticker: PFE) CEO Albert Bourla asked investors to take a big gamble on the research-and-development operation that Dolsten has rebuilt over the course of more than a decade. That bet is looking smarter than ever.</p>\n<p>Bourla has gotten rid of Pfizer’s off-patent drugs division and the last of its consumer health products, leaving behind a pure-play biopharma company that will live or die on the strength of Dolsten’s science.</p>\n<p>In a cover story in November 2019, <i>Barron’s</i> argued that Bourla and Dolsten could pull it off.</p>\n<p>The new antiviral data reaffirms the case for Pfizer that <i>Barron’s</i> made two years ago. Continuing to profit off the pandemic, however, brings new risks, as criticism grows over the global inequity in vaccine distribution. Low-income nations account for less than 1% of the more than seven billion doses administered worldwide. If distribution of Pfizer’s antiviral continues to favor wealthy nations, the company’s stock could ultimately suffer.</p>\n<p>Pfizer’s shares surged 10.9% the day the data came out, their best daily showing in at least 20 years. Still, with the stock now changing hands at around $50, investors continue to undervalue the company. Investors are pricing Pfizer at 12 times next year’s expected earnings, cheaper than peers like&nbsp;Johnson &amp; Johnson&nbsp;(JNJ) and&nbsp;Eli Lilly&nbsp;(LLY).</p>\n<p>The Pfizer discount can be attributed to concerns over the patent cliff the drugmaker faces at the end of the decade. The company stands to lose exclusivity over a handful of drugs that bring in billions in annual revenue.</p>\n<p>The worries are legitimate, but Pfizer’s scientific coup should give investors confidence that the company’s science can carry it safely over that cliff. It may take time for the market to catch up, but for long-term investors, it’s a promising opportunity.</p>\n<p>The success of the antiviral is the best illustration yet of Pfizer’s scientific prowess.</p>\n<p>While Pfizer’s Covid-19 vaccine came out of the labs of the German biotech&nbsp;BioNTech&nbsp;(BNTX), the new Covid-19 antiviral was whipped up by what Dolsten called a “dream team” of scientists at Pfizer’s own labs across the Northeast U.S.</p>\n<p>In the earliest days of the pandemic, Pfizer split its efforts between its collaboration with BioNTech on the vaccine and its quest for a Covid-19 pill. The vaccine effort operated on a huge scale; Dolsten called it a “mega team” that spanned the Atlantic.</p>\n<p>The antiviral project was a much smaller operation—a group of Pfizer experts operating with resources left over from the vaccine push.</p>\n<p>“The small molecule was more like a nimble, laser-focused, high-end team, with rather moderate resources,” Dolsten said.</p>\n<p>Dolsten gathered some of Pfizer’s most experienced scientists to work on the antiviral project, including its head of medicine design, Charlotte Allerton. The scientists started with work Pfizer had done years ago on a type of antiviral called a protease inhibitor.</p>\n<p>“[Pfizer’s] pharmaceutical R&amp;D is better than people had thought.”</p>\n<p>The protease inhibitors in the Pfizer library, however, had been administered intravenously, and had not worked well when delivered orally. The team had to figure out how to adapt the drugs to oral administration, a substantial undertaking.</p>\n<p>“They had to really create a lot of new chemistry,” Dolsten said. The scientists created 600 compounds to nail down the right drug, a process that might normally take years, and which they accomplished in a matter of months. “Four years turned into four months here,” he said.</p>\n<p>Pfizer started testing the pill in humans in March. It is now running a number of Phase 2/3 trials of the drug, including one for patients who are high risk, one for patients not high risk, and one as a prophylaxis for patients who have been exposed to the virus but aren’t yet sick. In the first readout, the drug looked substantially more effective than the Covid treatment pill from&nbsp;Merck&nbsp;(MRK).</p>\n<p>“It definitely helps prove the point that [Pfizer’s] pharmaceutical R&amp;D is better than people had thought,” says Louise Chen, an analyst at Cantor Fitzgerald, who has an Overweight rating and a $61 price target on the stock.</p>\n<p>Chen says that she doesn’t expect investors to come around to her way of thinking until there is more clarity on the durability of Covid-19 vaccine and pill sales, and the rest of the pipeline gets proved out.</p>\n<p>“There is not one event that I think will trigger a re-rating of the stock at the next level,” she says. “Until those things play out, I don’t think that it necessarily will.”</p>\n<p>That makes a bet on Pfizer a long-term play. In the meantime, the experience of&nbsp;Moderna&nbsp;(MRNA) in recent weeks is highlighting the potential for the vaccine makers to come under scrutiny over unequal distribution of vaccines.</p>\n<p>Biden administration officials have been increasingly frustrated with Moderna, calling on the company to ramp up production so it can offer more doses at not-for-profit prices to low-income countries, with one top official calling on the company to “step up.”</p>\n<p>Moderna shares are down more than 40% over the past three months.</p>\n<p>As the pandemic persists, Pfizer risks eroding the enormous goodwill it earned roughly a year ago when it introduced its Covid-19 vaccine. Earlier this month, Pfizer CEO Bourla blamed low-income countries for unfair vaccine distribution, telling <i>Barron’s</i> that it was their fault for not placing orders. Pfizer has sold a billion vaccine doses to the U.S. at a not-for-profit price to donate to poor countries, and says that a total of at least two billion doses will be delivered to low- and middle-income nations by the end of next year.</p>\n<p>When it comes to antivirals, Pfizer has said only that it will offer tiered pricing for poorer nations, the same approach it has taken with its vaccine.</p>\n<p>That contrasts sharply with Merck’s plan to make its own Covid-19 pill available to poor countries. Merck has signed a deal with a United Nations-backed group that will allow its pill to be licensed globally, with no royalties paid to Merck.</p>\n<p>Dolsten said that Pfizer is looking into licensing its pill under a similar mechanism as Merck’s. “We will look at those options,” he said. “By no means have we said we would do something different. We just want to make sure whoever will be involved gets the advice and skill to do this.”</p>\n<p>Such a step couldn’t come soon enough. Late last month, activists protested outside Bourla’s home, calling on Pfizer to share its vaccine manufacturing technology and to fill orders from low-income countries ahead of those from wealthy countries.</p>\n<p>An aggressive plan to share its antiviral would help stave off such criticism, keeping Pfizer in the relative good graces of Washington and allowing its impressive science to continue to drive the stock higher.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pfizer Shows Its R&D Is Strong. It’s a Good Sign for the Stock.</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\">\nPfizer Shows Its R&D Is Strong. It’s a Good Sign for the Stock.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-13 11:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/buy-pfizer-stock-covid-19-51636674652?mod=hp_LEAD_1><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Pfizer’s chief scientific officer, Mikael Dolsten, sounded giddy when reached via telephone early Monday morning. It was just days after his company knocked the socks off the market with the news that...</p>\n\n<a href=\"https://www.barrons.com/articles/buy-pfizer-stock-covid-19-51636674652?mod=hp_LEAD_1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PFE":"辉瑞"},"source_url":"https://www.barrons.com/articles/buy-pfizer-stock-covid-19-51636674652?mod=hp_LEAD_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1102251183","content_text":"Pfizer’s chief scientific officer, Mikael Dolsten, sounded giddy when reached via telephone early Monday morning. It was just days after his company knocked the socks off the market with the news that its Covid-19 antiviral had cut the risk of hospitalization by 89% in high-risk adults.\n“It can’t be just a random thing, that you’re able to beat this type of world record and get a grand slam at the same time by chance,” Dolsten said, scrambling sports metaphors as he sought to illustrate the magnitude of Pfizer’s twin wins: the development of a stunningly effective Covid-19 vaccine in just 10 months, followed a year later by the development of a similarly stunning Covid-19 antiviral.\nTwo years ago, Pfizer (ticker: PFE) CEO Albert Bourla asked investors to take a big gamble on the research-and-development operation that Dolsten has rebuilt over the course of more than a decade. That bet is looking smarter than ever.\nBourla has gotten rid of Pfizer’s off-patent drugs division and the last of its consumer health products, leaving behind a pure-play biopharma company that will live or die on the strength of Dolsten’s science.\nIn a cover story in November 2019, Barron’s argued that Bourla and Dolsten could pull it off.\nThe new antiviral data reaffirms the case for Pfizer that Barron’s made two years ago. Continuing to profit off the pandemic, however, brings new risks, as criticism grows over the global inequity in vaccine distribution. Low-income nations account for less than 1% of the more than seven billion doses administered worldwide. If distribution of Pfizer’s antiviral continues to favor wealthy nations, the company’s stock could ultimately suffer.\nPfizer’s shares surged 10.9% the day the data came out, their best daily showing in at least 20 years. Still, with the stock now changing hands at around $50, investors continue to undervalue the company. Investors are pricing Pfizer at 12 times next year’s expected earnings, cheaper than peers like Johnson & Johnson (JNJ) and Eli Lilly (LLY).\nThe Pfizer discount can be attributed to concerns over the patent cliff the drugmaker faces at the end of the decade. The company stands to lose exclusivity over a handful of drugs that bring in billions in annual revenue.\nThe worries are legitimate, but Pfizer’s scientific coup should give investors confidence that the company’s science can carry it safely over that cliff. It may take time for the market to catch up, but for long-term investors, it’s a promising opportunity.\nThe success of the antiviral is the best illustration yet of Pfizer’s scientific prowess.\nWhile Pfizer’s Covid-19 vaccine came out of the labs of the German biotech BioNTech (BNTX), the new Covid-19 antiviral was whipped up by what Dolsten called a “dream team” of scientists at Pfizer’s own labs across the Northeast U.S.\nIn the earliest days of the pandemic, Pfizer split its efforts between its collaboration with BioNTech on the vaccine and its quest for a Covid-19 pill. The vaccine effort operated on a huge scale; Dolsten called it a “mega team” that spanned the Atlantic.\nThe antiviral project was a much smaller operation—a group of Pfizer experts operating with resources left over from the vaccine push.\n“The small molecule was more like a nimble, laser-focused, high-end team, with rather moderate resources,” Dolsten said.\nDolsten gathered some of Pfizer’s most experienced scientists to work on the antiviral project, including its head of medicine design, Charlotte Allerton. The scientists started with work Pfizer had done years ago on a type of antiviral called a protease inhibitor.\n“[Pfizer’s] pharmaceutical R&D is better than people had thought.”\nThe protease inhibitors in the Pfizer library, however, had been administered intravenously, and had not worked well when delivered orally. The team had to figure out how to adapt the drugs to oral administration, a substantial undertaking.\n“They had to really create a lot of new chemistry,” Dolsten said. The scientists created 600 compounds to nail down the right drug, a process that might normally take years, and which they accomplished in a matter of months. “Four years turned into four months here,” he said.\nPfizer started testing the pill in humans in March. It is now running a number of Phase 2/3 trials of the drug, including one for patients who are high risk, one for patients not high risk, and one as a prophylaxis for patients who have been exposed to the virus but aren’t yet sick. In the first readout, the drug looked substantially more effective than the Covid treatment pill from Merck (MRK).\n“It definitely helps prove the point that [Pfizer’s] pharmaceutical R&D is better than people had thought,” says Louise Chen, an analyst at Cantor Fitzgerald, who has an Overweight rating and a $61 price target on the stock.\nChen says that she doesn’t expect investors to come around to her way of thinking until there is more clarity on the durability of Covid-19 vaccine and pill sales, and the rest of the pipeline gets proved out.\n“There is not one event that I think will trigger a re-rating of the stock at the next level,” she says. “Until those things play out, I don’t think that it necessarily will.”\nThat makes a bet on Pfizer a long-term play. In the meantime, the experience of Moderna (MRNA) in recent weeks is highlighting the potential for the vaccine makers to come under scrutiny over unequal distribution of vaccines.\nBiden administration officials have been increasingly frustrated with Moderna, calling on the company to ramp up production so it can offer more doses at not-for-profit prices to low-income countries, with one top official calling on the company to “step up.”\nModerna shares are down more than 40% over the past three months.\nAs the pandemic persists, Pfizer risks eroding the enormous goodwill it earned roughly a year ago when it introduced its Covid-19 vaccine. Earlier this month, Pfizer CEO Bourla blamed low-income countries for unfair vaccine distribution, telling Barron’s that it was their fault for not placing orders. Pfizer has sold a billion vaccine doses to the U.S. at a not-for-profit price to donate to poor countries, and says that a total of at least two billion doses will be delivered to low- and middle-income nations by the end of next year.\nWhen it comes to antivirals, Pfizer has said only that it will offer tiered pricing for poorer nations, the same approach it has taken with its vaccine.\nThat contrasts sharply with Merck’s plan to make its own Covid-19 pill available to poor countries. Merck has signed a deal with a United Nations-backed group that will allow its pill to be licensed globally, with no royalties paid to Merck.\nDolsten said that Pfizer is looking into licensing its pill under a similar mechanism as Merck’s. “We will look at those options,” he said. “By no means have we said we would do something different. We just want to make sure whoever will be involved gets the advice and skill to do this.”\nSuch a step couldn’t come soon enough. Late last month, activists protested outside Bourla’s home, calling on Pfizer to share its vaccine manufacturing technology and to fill orders from low-income countries ahead of those from wealthy countries.\nAn aggressive plan to share its antiviral would help stave off such criticism, keeping Pfizer in the relative good graces of Washington and allowing its impressive science to continue to drive the stock higher.","news_type":1},"isVote":1,"tweetType":1,"viewCount":331,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":603950586,"gmtCreate":1638356114447,"gmtModify":1638356114734,"author":{"id":"3559297454639767","authorId":"3559297454639767","name":"MJ2317","avatar":"https://static.tigerbbs.com/e630b11b8aefdaa3f6d659668006e6c9","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"✅&nbsp;","listText":"✅&nbsp;","text":"✅","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/603950586","repostId":"1101865893","repostType":4,"isVote":1,"tweetType":1,"viewCount":477,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":600123955,"gmtCreate":1638098028908,"gmtModify":1638098029009,"author":{"id":"3559297454639767","authorId":"3559297454639767","name":"MJ2317","avatar":"https://static.tigerbbs.com/e630b11b8aefdaa3f6d659668006e6c9","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/600123955","repostId":"2186328507","repostType":4,"isVote":1,"tweetType":1,"viewCount":362,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":875122634,"gmtCreate":1637626825025,"gmtModify":1637626825122,"author":{"id":"3559297454639767","authorId":"3559297454639767","name":"MJ2317","avatar":"https://static.tigerbbs.com/e630b11b8aefdaa3f6d659668006e6c9","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/875122634","repostId":"2185478805","repostType":2,"isVote":1,"tweetType":1,"viewCount":400,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":872450457,"gmtCreate":1637564202323,"gmtModify":1637564202429,"author":{"id":"3559297454639767","authorId":"3559297454639767","name":"MJ2317","avatar":"https://static.tigerbbs.com/e630b11b8aefdaa3f6d659668006e6c9","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/872450457","repostId":"1114542201","repostType":4,"isVote":1,"tweetType":1,"viewCount":393,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":872459382,"gmtCreate":1637564263996,"gmtModify":1637564264128,"author":{"id":"3559297454639767","authorId":"3559297454639767","name":"MJ2317","avatar":"https://static.tigerbbs.com/e630b11b8aefdaa3f6d659668006e6c9","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Ok&nbsp;","listText":"Ok&nbsp;","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/872459382","repostId":"1142428650","repostType":4,"repost":{"id":"1142428650","pubTimestamp":1637562624,"share":"https://www.laohu8.com/m/news/1142428650?lang=&edition=full","pubTime":"2021-11-22 14:30","market":"us","language":"en","title":"JPMorgan Warns S&P Fair Value Is 2,500 If Inflation Shocks Do Not Fade Away","url":"https://stock-news.laohu8.com/highlight/detail?id=1142428650","media":"Zero Hedge","summary":"Last week, when discussing the latest Bank of America Fund Manager Survey, we pointed out that yet a","content":"<p>Last week, when discussing the latest Bank of America Fund Manager Survey, we pointed out that yet another paradox had emerged: on one hand, Wall Street professionals were&nbsp;<b>the most overweight stocks since 2013,</b>while on the other&nbsp;<b>virtually nobody was expecting a stronger global economy in the future,</b>an unprecedented divergence between these two data sets the likes of which has never once been seen in survey history.</p>\n<p><img src=\"https://static.tigerbbs.com/472afa8a6b8413291bc167343a25982a\" tg-width=\"500\" tg-height=\"276\" width=\"100%\" height=\"auto\"></p>\n<p>How does one make sense of this historic gap? Well, one doesn't - this is just Wall Street goalseeking any and all scenarios to make it seems that being all in risk is the only possible trade, and the only way this particular goalseek does not blow up is if the finance bros also \"believe\" that inflation is transitory (something not even the Fed is doing anymore), as a persistent inflation would lead to a painful repricing of all asset classes sharply lower. That's why despite sharply higher than expected October inflation data, a majority of FMS investors acknowledge that inflation is a risk but only 35% think it is permanent while 61% think it is transitory...</p>\n<p><img src=\"https://static.tigerbbs.com/2d208292bf564071339dc0b471577c20\" tg-width=\"500\" tg-height=\"271\" width=\"100%\" height=\"auto\"></p>\n<p>...while a net 14% of investors now expect global inflation will be lower, the lowest level since the onslaught of COVID-19 in Mar’20. In other words, 51% of investors expect lower inflation while 37% expect higher inflation.</p>\n<p><img src=\"https://static.tigerbbs.com/5bc4803979a4e56a1e64b2801cffdeea\" tg-width=\"500\" tg-height=\"280\" width=\"100%\" height=\"auto\"></p>\n<p>Setting aside how laughable Wall Street's delusion with \"transitory\" inflation has become when it is by now painfully obvious that prices will not revert to previous levels and at best will see the pace of galloping increase moderate somewhat, although in light of persistent wage growth one can just as easily argue that inflation will keep surging for years, the bigger question is what happens when the day of reckoning comes and Wall Street's conviction of transitory inflation comes crashing down - say we get another 2-3 outlier CPI prints; forcing Wall Street to stop ignoring the imminent threat posed by surging inflation.</p>\n<p>Trying to answer this question is JPMorgan quant Nick Panigirtzoglou, who in his latest&nbsp;<b>Flows and Liquidity</b>&nbsp;note titled \"<i>What if the rise in inflation volatility persists?</i>\" note (available to pro subs in the usual place) looks at what would happen to stocks if inflation volatility surges.</p>\n<p>The reason why is because as the Greek strategist explains, in his longer-term fair value framework for 10y real yields and the S&amp;P 500,<i>\"inflation volatility is an important input as a proxy for term premia in the former and for risk premia in the latter.\"</i>&nbsp; And with upside inflation shocks in the US and UK in the last week, JPMorgan notes that \"the question of the persistence of inflation has again featured heavily in our discussions with clients\" while the steep rise in inflation readings \"has also raised questions over inflation volatility.\"</p>\n<p>In other words,<b>what does a rise in inflation vol imply for real rates and equities?</b>To answer this question JPM updates its long-term fair value model for 10y UST yields and the S&amp;P 500.</p>\n<p>First, some background: Turning first to the former, the JPM model values the 10y real yield as a function of the real Fed funds rate, inflation volatility as a proxy for term premia, and three major components of net demand for dollar capital: from government, corporate and emerging market issuers. The bank measures these as the government deficit, the corporate financing gap (the difference between capex and corporate cash flow), and the EM current account balance, all as a % of US GDP.</p>\n<p>In theory, higher deficits by governments and corporates (ought to) exert upward pressure on yields as overall demand for capital rises, while external surpluses of EM countries ought to push US yields lower due to repayments of dollar-denominated debt and/or dollar asset accumulation by their central banks.</p>\n<p>In the JPM model, inflation volatility has a significant influence given a coefficient of 0.75. In other words,<b>a 100bp increase in inflation volatility would put 75bp of upward pressure on 10y real yields.</b>The next chart shows the 5y moving average of US CPI volatility over time, which shows that&nbsp;<b>inflation volatility has already risen markedly, from around 0.6% in 1Q21 to 1.6% after the October CPI release.</b>According to JPM, this metric looks likely to rise further, potentially to around 2.2% during 1H22 based on the bank's economists’ inflation forecasts before starting to drift lower.</p>\n<p>Based on JPM calculations,<b>the increase in inflation volatility that has already taken place would push up 10y real rates by 75bp.</b>And if inflation vol drifts further to 2.2% it could put an additional 40bp of upward pressure on real rates. In this risk scenario where inflation vol proves persistent and is fully incorporated into term premia in rate markets,<b>it would suggest a fair value for the 10y UST real yield of +40bp.</b></p>\n<p><img src=\"https://static.tigerbbs.com/023a11991b0ffce6fc93ec6dcf70fe8b\" tg-width=\"500\" tg-height=\"366\" width=\"100%\" height=\"auto\"></p>\n<p>As a quick aside, JPM here asks why do real yields remain so low, which as a reminder is the market's $64 trillion question as we discussed in \"The Most Important Question For The Market Is Identifying The Driver Behind Record Low Negative Real Rates\"? JPMorgan's response is that this is partly because markets price in negative real policy rates even a decade out. This is shown in the next chart which depicts&nbsp;<b>1m forward USD OIS rates starting in mid-December of each year and the 5-10y ahead inflation forecast from Consensus expectations.</b></p>\n<p><img src=\"https://static.tigerbbs.com/ccd80df0ef5e73ce1ed687c8f5affbf0\" tg-width=\"500\" tg-height=\"415\" width=\"100%\" height=\"auto\"></p>\n<p>This pricing also&nbsp;<i><b>stands in contrast</b></i>&nbsp;with JPM economists’ own revised Fed forecast of a start of the hiking cycle in September 2022 and quarterly 25bp hikes thereafter at least until real policy rates reach zero (2022 US economic outlook, Feroli et al, Nov 17th). This would&nbsp;suggest policy rates reaching&nbsp;2% by mid-2024 and potentially 2.5% by end-2024.</p>\n<p>Meanwhile, the broader bond market has - similar to the BofA Fund Manager Survey respondents -&nbsp; looked through the rise in inflation volatility thus far, \"treating it as a transitory shock.\" However, as Panigirtzoglou warns, \"<b>if inflation volatility remains elevated, say fluctuating around 1.5-2% for a prolonged period, this could start to put more meaningful upward pressure on term premia.\"</b>This could further be compounded by the Fed’s taper, given that one of the channels that QE operates through is via suppressing term premia.</p>\n<p>Bonds aside, what about the implications of a rise in inflation vol for equities, the one asset class which seems impervious to absolutely all negative newsflow and is only dependent on how much liquidity central banks will inject at any one moment?</p>\n<p>Well, as the JPM strategist notes, he had argued previously that equity markets have effectively looked through not only the surge in inflation vol but also the the rise in real GDP volatility, given the significant policy support from fiscal and monetary authorities. Effectively,</p>\n<p>following policy measures to smooth the impact of the pandemic on incomes and avoid a situation where disorderly markets, particularly credit markets, amplify the shock,<b>equity markets focused more on the eventual recovery in earnings than on the near term vol shock.</b>Indeed, after the Q2 2020 real GDP contraction in excess of 30% and the Q3 2020 expansion of a similar magnitude, the volatility of GDP readings has been markedly more modest – this is shown in Figure 6 with the red line, which excludes 2Q20 and 3Q20 from the exponentially weighted real GDP volatility calculation. In other words, the run rate of real GDP volatility, while still above pre-pandemic levels, has already shown signs of normalizing.</p>\n<p><img src=\"https://static.tigerbbs.com/600898b64dd12b6a2ec35d9d75603d35\" tg-width=\"500\" tg-height=\"415\" width=\"100%\" height=\"auto\"></p>\n<p>So how have equity markets processed the other vol shock, that of inflation? The next chart shows how JPM's fair value model would look like with three different scenarios applying after 1Q20.</p>\n<ul>\n <li>The first, shown in as the grey dotted line,<b>mechanically applies the headline increase in both real GDP and inflation vol.</b></li>\n <li>The second scenario looks through the shock in real GDP vol but incorporates the headline increase in inflation vol, shown as the black dotted line.</li>\n <li>The third and final scenario (red dotted line) assumes markets look through&nbsp;<b>both the real GDP vol shock as well as the rise in inflation vol.</b></li>\n</ul>\n<p><img src=\"https://static.tigerbbs.com/8aa93bbfad9e6ca54f47b040c62b688b\" tg-width=\"500\" tg-height=\"406\" width=\"100%\" height=\"auto\"></p>\n<p>Since the blue line - which is the actual S&amp;P500-&nbsp; has been tracking the red dotted line, it suggests that&nbsp;<b>equity markets have looked through both volatility shocks, effectively assuming both will prove to be temporary.</b></p>\n<p>As noted above, the run-rate of real GDP vol excluding the 2Q20 and 3Q20 swings around the trough of the pandemic-induced recession has already shown signs of normalizing, which suggests that markets looking through the real GDP vol shock has been a reasonable approach.</p>\n<p>And while it is clear that consensus is, as in the case of the FMS, that any kind of economic shock will be transitory, is it equally reasonable for both equity and bond markets to look through the inflation volatility shock?</p>\n<p>According to JPM, this ultimately depends on the nature of the current inflation shock. As the bank recent argued in last week's J.P. Morgan View last week, a big reason behind the inflation vol has come from energy prices and re-opening components, such as used and rental cars, vehicle insurance, lodging, airfares and food away from home, undoubtedly more affected by the Delta variant waves, and the fading of these drags has generated a rebound in services activity that is sparking a normalization in prices (at least until the current spike in cases leads to another round of lockdowns as we have already seen in Austria).</p>\n<p><img src=\"https://static.tigerbbs.com/07c47b449dd628ac3e9ae43a224334b2\" tg-width=\"500\" tg-height=\"366\" width=\"100%\" height=\"auto\"></p>\n<p>According to Panigirtzoglou, who like his quant colleague Marko Kolanovic has traditionally been extremely bullish on stocks and bearish on cryptos - because any agent of the establishment system can not possibly support both fiat-driven and digital gold-based assets -&nbsp; these volatile components \"should ultimately stabilize and the accompanying volatility they have induced should fade.\" Of course, this is almost completely wrong, just as wrong as Goldman's monthly inflation forecasts for all of 2021, and JPM does in fact admit that it could be wrong conceding that \"there has been some upward pressure on inflation readings beyond these components, pointing to some persistence in inflation risks.\" Then again, in keeping with the bank's bullish mandate, Panigirtzoglou concldues that \"provided these persistent pressures do not also become more volatile, or provided market participants have confidence that central banks will respond to contain these pressures, markets can still look through inflation volatility.\"</p>\n<p>However, in a surprising reversal from the bank's uniform and stbborn bullishness, the JPM quant acknowledges&nbsp;<b>there is risk that inflation volatility could stay elevated for a longer period, which could eventually feed through to markets pricing in higher term premia and risk premia that would put upward pressure on real yields and downward pressure on equities.</b></p>\n<p>The outcome for stocks?<b>An S&amp;P500 which collapses to its \"fair value\" of 2,500 as all those inflation and GDP shocks that the market has so eagerly ignored so far, turn out to be persistent, and crush risk assets.</b></p>\n<p>However, before anyone goes and accuses JPMorgan of being bearish, Panigirtzoglou emphasizes \"that this is a risk scenario, not a&nbsp; baseline view.\" Translation: \"<b>this is what will happen, we just don't want to tell our bullish clients just yet.\"</b></p>","source":"lsy1637562375790","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>JPMorgan Warns S&P Fair Value Is 2,500 If Inflation Shocks Do Not Fade Away</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\">\nJPMorgan Warns S&P Fair Value Is 2,500 If Inflation Shocks Do Not Fade Away\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-22 14:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/jpmorgan-warns-sp-fair-value-2500-if-inflation-shocks-accelerate><strong>Zero Hedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Last week, when discussing the latest Bank of America Fund Manager Survey, we pointed out that yet another paradox had emerged: on one hand, Wall Street professionals were the most overweight stocks ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/jpmorgan-warns-sp-fair-value-2500-if-inflation-shocks-accelerate\">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",".DJI":"道琼斯"},"source_url":"https://www.zerohedge.com/markets/jpmorgan-warns-sp-fair-value-2500-if-inflation-shocks-accelerate","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1142428650","content_text":"Last week, when discussing the latest Bank of America Fund Manager Survey, we pointed out that yet another paradox had emerged: on one hand, Wall Street professionals were the most overweight stocks since 2013,while on the other virtually nobody was expecting a stronger global economy in the future,an unprecedented divergence between these two data sets the likes of which has never once been seen in survey history.\n\nHow does one make sense of this historic gap? Well, one doesn't - this is just Wall Street goalseeking any and all scenarios to make it seems that being all in risk is the only possible trade, and the only way this particular goalseek does not blow up is if the finance bros also \"believe\" that inflation is transitory (something not even the Fed is doing anymore), as a persistent inflation would lead to a painful repricing of all asset classes sharply lower. That's why despite sharply higher than expected October inflation data, a majority of FMS investors acknowledge that inflation is a risk but only 35% think it is permanent while 61% think it is transitory...\n\n...while a net 14% of investors now expect global inflation will be lower, the lowest level since the onslaught of COVID-19 in Mar’20. In other words, 51% of investors expect lower inflation while 37% expect higher inflation.\n\nSetting aside how laughable Wall Street's delusion with \"transitory\" inflation has become when it is by now painfully obvious that prices will not revert to previous levels and at best will see the pace of galloping increase moderate somewhat, although in light of persistent wage growth one can just as easily argue that inflation will keep surging for years, the bigger question is what happens when the day of reckoning comes and Wall Street's conviction of transitory inflation comes crashing down - say we get another 2-3 outlier CPI prints; forcing Wall Street to stop ignoring the imminent threat posed by surging inflation.\nTrying to answer this question is JPMorgan quant Nick Panigirtzoglou, who in his latest Flows and Liquidity note titled \"What if the rise in inflation volatility persists?\" note (available to pro subs in the usual place) looks at what would happen to stocks if inflation volatility surges.\nThe reason why is because as the Greek strategist explains, in his longer-term fair value framework for 10y real yields and the S&P 500,\"inflation volatility is an important input as a proxy for term premia in the former and for risk premia in the latter.\"  And with upside inflation shocks in the US and UK in the last week, JPMorgan notes that \"the question of the persistence of inflation has again featured heavily in our discussions with clients\" while the steep rise in inflation readings \"has also raised questions over inflation volatility.\"\nIn other words,what does a rise in inflation vol imply for real rates and equities?To answer this question JPM updates its long-term fair value model for 10y UST yields and the S&P 500.\nFirst, some background: Turning first to the former, the JPM model values the 10y real yield as a function of the real Fed funds rate, inflation volatility as a proxy for term premia, and three major components of net demand for dollar capital: from government, corporate and emerging market issuers. The bank measures these as the government deficit, the corporate financing gap (the difference between capex and corporate cash flow), and the EM current account balance, all as a % of US GDP.\nIn theory, higher deficits by governments and corporates (ought to) exert upward pressure on yields as overall demand for capital rises, while external surpluses of EM countries ought to push US yields lower due to repayments of dollar-denominated debt and/or dollar asset accumulation by their central banks.\nIn the JPM model, inflation volatility has a significant influence given a coefficient of 0.75. In other words,a 100bp increase in inflation volatility would put 75bp of upward pressure on 10y real yields.The next chart shows the 5y moving average of US CPI volatility over time, which shows that inflation volatility has already risen markedly, from around 0.6% in 1Q21 to 1.6% after the October CPI release.According to JPM, this metric looks likely to rise further, potentially to around 2.2% during 1H22 based on the bank's economists’ inflation forecasts before starting to drift lower.\nBased on JPM calculations,the increase in inflation volatility that has already taken place would push up 10y real rates by 75bp.And if inflation vol drifts further to 2.2% it could put an additional 40bp of upward pressure on real rates. In this risk scenario where inflation vol proves persistent and is fully incorporated into term premia in rate markets,it would suggest a fair value for the 10y UST real yield of +40bp.\n\nAs a quick aside, JPM here asks why do real yields remain so low, which as a reminder is the market's $64 trillion question as we discussed in \"The Most Important Question For The Market Is Identifying The Driver Behind Record Low Negative Real Rates\"? JPMorgan's response is that this is partly because markets price in negative real policy rates even a decade out. This is shown in the next chart which depicts 1m forward USD OIS rates starting in mid-December of each year and the 5-10y ahead inflation forecast from Consensus expectations.\n\nThis pricing also stands in contrast with JPM economists’ own revised Fed forecast of a start of the hiking cycle in September 2022 and quarterly 25bp hikes thereafter at least until real policy rates reach zero (2022 US economic outlook, Feroli et al, Nov 17th). This would suggest policy rates reaching 2% by mid-2024 and potentially 2.5% by end-2024.\nMeanwhile, the broader bond market has - similar to the BofA Fund Manager Survey respondents -  looked through the rise in inflation volatility thus far, \"treating it as a transitory shock.\" However, as Panigirtzoglou warns, \"if inflation volatility remains elevated, say fluctuating around 1.5-2% for a prolonged period, this could start to put more meaningful upward pressure on term premia.\"This could further be compounded by the Fed’s taper, given that one of the channels that QE operates through is via suppressing term premia.\nBonds aside, what about the implications of a rise in inflation vol for equities, the one asset class which seems impervious to absolutely all negative newsflow and is only dependent on how much liquidity central banks will inject at any one moment?\nWell, as the JPM strategist notes, he had argued previously that equity markets have effectively looked through not only the surge in inflation vol but also the the rise in real GDP volatility, given the significant policy support from fiscal and monetary authorities. Effectively,\nfollowing policy measures to smooth the impact of the pandemic on incomes and avoid a situation where disorderly markets, particularly credit markets, amplify the shock,equity markets focused more on the eventual recovery in earnings than on the near term vol shock.Indeed, after the Q2 2020 real GDP contraction in excess of 30% and the Q3 2020 expansion of a similar magnitude, the volatility of GDP readings has been markedly more modest – this is shown in Figure 6 with the red line, which excludes 2Q20 and 3Q20 from the exponentially weighted real GDP volatility calculation. In other words, the run rate of real GDP volatility, while still above pre-pandemic levels, has already shown signs of normalizing.\n\nSo how have equity markets processed the other vol shock, that of inflation? The next chart shows how JPM's fair value model would look like with three different scenarios applying after 1Q20.\n\nThe first, shown in as the grey dotted line,mechanically applies the headline increase in both real GDP and inflation vol.\nThe second scenario looks through the shock in real GDP vol but incorporates the headline increase in inflation vol, shown as the black dotted line.\nThe third and final scenario (red dotted line) assumes markets look through both the real GDP vol shock as well as the rise in inflation vol.\n\n\nSince the blue line - which is the actual S&P500-  has been tracking the red dotted line, it suggests that equity markets have looked through both volatility shocks, effectively assuming both will prove to be temporary.\nAs noted above, the run-rate of real GDP vol excluding the 2Q20 and 3Q20 swings around the trough of the pandemic-induced recession has already shown signs of normalizing, which suggests that markets looking through the real GDP vol shock has been a reasonable approach.\nAnd while it is clear that consensus is, as in the case of the FMS, that any kind of economic shock will be transitory, is it equally reasonable for both equity and bond markets to look through the inflation volatility shock?\nAccording to JPM, this ultimately depends on the nature of the current inflation shock. As the bank recent argued in last week's J.P. Morgan View last week, a big reason behind the inflation vol has come from energy prices and re-opening components, such as used and rental cars, vehicle insurance, lodging, airfares and food away from home, undoubtedly more affected by the Delta variant waves, and the fading of these drags has generated a rebound in services activity that is sparking a normalization in prices (at least until the current spike in cases leads to another round of lockdowns as we have already seen in Austria).\n\nAccording to Panigirtzoglou, who like his quant colleague Marko Kolanovic has traditionally been extremely bullish on stocks and bearish on cryptos - because any agent of the establishment system can not possibly support both fiat-driven and digital gold-based assets -  these volatile components \"should ultimately stabilize and the accompanying volatility they have induced should fade.\" Of course, this is almost completely wrong, just as wrong as Goldman's monthly inflation forecasts for all of 2021, and JPM does in fact admit that it could be wrong conceding that \"there has been some upward pressure on inflation readings beyond these components, pointing to some persistence in inflation risks.\" Then again, in keeping with the bank's bullish mandate, Panigirtzoglou concldues that \"provided these persistent pressures do not also become more volatile, or provided market participants have confidence that central banks will respond to contain these pressures, markets can still look through inflation volatility.\"\nHowever, in a surprising reversal from the bank's uniform and stbborn bullishness, the JPM quant acknowledges there is risk that inflation volatility could stay elevated for a longer period, which could eventually feed through to markets pricing in higher term premia and risk premia that would put upward pressure on real yields and downward pressure on equities.\nThe outcome for stocks?An S&P500 which collapses to its \"fair value\" of 2,500 as all those inflation and GDP shocks that the market has so eagerly ignored so far, turn out to be persistent, and crush risk assets.\nHowever, before anyone goes and accuses JPMorgan of being bearish, Panigirtzoglou emphasizes \"that this is a risk scenario, not a  baseline view.\" Translation: \"this is what will happen, we just don't want to tell our bullish clients just yet.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":540,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":872450876,"gmtCreate":1637564117233,"gmtModify":1637564117337,"author":{"id":"3559297454639767","authorId":"3559297454639767","name":"MJ2317","avatar":"https://static.tigerbbs.com/e630b11b8aefdaa3f6d659668006e6c9","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/872450876","repostId":"1199324282","repostType":4,"isVote":1,"tweetType":1,"viewCount":194,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}