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2021-04-10

Netflix good stock. Like and comment please

Netflix Grabs Sony's Pay-TV Movie Deal From Starz

2021-04-10

Wait for coinbase

Next Week’s IPO Lineup Is Growing. It Could Be Busy.

2021-04-26

I feel Square is better ! !

Better Fintech Stock: Coinbase vs. Square

2021-04-25

TSM is better!

Better Buy: Intel vs. Micron Technology

2021-04-19

Netflix!!

抱歉，原内容已删除

2021-04-09

Slightly high price

Is Facebook Still At A Buy Point?

2022-06-18

Like

Warren Buffett Charity Lunch Fetches Winning Bid of $19 Mln

2022-06-18

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U.S. Super Stock Options Expiry May Bring Short Market Respite

2022-06-18

Like

6 Widely Held Stocks to Sell Because They’re Poised to Plunge

2022-06-18

Like

The Next Bull Market Is Just Months Away and Could Take the S&P 500 to 6000, Says BofA

2022-06-18

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The Stock Market Had a Very Bad Week. Why It Gets Worse Before It Gets Better

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23:08","market":"us","language":"en","title":"U.S. Super Stock Options Expiry May Bring Short Market Respite","url":"https://stock-news.laohu8.com/highlight/detail?id=1164445096","media":"Reuters","summary":"An unusually large quarterly expiration of U.S. stock futures and options on Friday is likely to boo","content":"<html><head></head><body><p>An unusually large quarterly expiration of U.S. stock futures and options on Friday is likely to boost trading volumes and add to volatility, market strategists said, with some even expecting it to trigger a relief rally at the end of a turbulent week.</p><p>Friday marks the once-a-quarter, simultaneous expiry of stock options, stock index futures and index option contracts, with investors unwinding old positions and putting on new ones.</p><p>&#34;Many market makers who sold puts hedged their exposure with a short market position,&#34; said Michael Oyster, chief investment officer at Chicago-based Options Solutions.</p><p>&#34;As those put options expire, the hedges are reversed, in this case through a short-covering purchase,&#34; Oyster said, adding this could provide some support to the market.</p><p>About 64% of all S&amp;P 500 index puts stand to expire &#34;in-the-money&#34;, while 96% of the June call open interest is set to expire &#34;out-of-the-money&#34; or worthless, Options Solutions said.</p><p>An option gives the buyer the right to buy or sell a security at a given price on a given date. Buying a call option is a bet the underlying asset will rise in price, while the opposite holds for a put option.</p><p>Analytic services SpotGamma said there are a significant number of deep &#34;in-the-money&#34; puts expiring, similar in size to when markets crashed in March 2020, referring to protective options that have risen in value due to the market&#39;s fall.</p><p>&#34;These positions are likely adding to the overall market volatility,&#34; said SpotGamma founder Brent Kochuba.</p><p>Goldman Sachs estimated this week that about $3.4 trillion of U.S. stock options were set to expire on Friday, a much larger than usual quarterly figure.</p><p>U.S. markets will be shut on Monday for the Juneteenth holiday.</p><p>Some market participants expect more demand for hedging of portfolios as investors face a possible recession. A large number of bearish positions expiring could also provide some relief in the near term, they said.</p><p>The Federal Reserve&#39;s 75 basis point interest rate hike on Wednesday and the possibility of more hikes to tame decades-high inflation has put the S&amp;P 500 on course for its worst weekly performance since the pandemic-led crash in 2020.</p><p>The U.S. benchmark index is already in a bear market, after falling more than 20% from its all-time high.</p><p>&#34;Now that the big Fed shoe has dropped, in the absence of other news, markets may take a breather...but a sustained recovery may remain elusive for now,&#34; Oyster said.</p></body></html>","source":"lsy1601381805984","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>U.S. Super Stock Options Expiry May Bring Short Market Respite</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\">\nU.S. Super Stock Options Expiry May Bring Short Market Respite\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-17 23:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/u-super-stock-options-expiry-142037424.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>An unusually large quarterly expiration of U.S. stock futures and options on Friday is likely to boost trading volumes and add to volatility, market strategists said, with some even expecting it to ...</p>\n\n<a href=\"https://finance.yahoo.com/news/u-super-stock-options-expiry-142037424.html\">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://finance.yahoo.com/news/u-super-stock-options-expiry-142037424.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1164445096","content_text":"An unusually large quarterly expiration of U.S. stock futures and options on Friday is likely to boost trading volumes and add to volatility, market strategists said, with some even expecting it to trigger a relief rally at the end of a turbulent week.Friday marks the once-a-quarter, simultaneous expiry of stock options, stock index futures and index option contracts, with investors unwinding old positions and putting on new ones.\"Many market makers who sold puts hedged their exposure with a short market position,\" said Michael Oyster, chief investment officer at Chicago-based Options Solutions.\"As those put options expire, the hedges are reversed, in this case through a short-covering purchase,\" Oyster said, adding this could provide some support to the market.About 64% of all S&P 500 index puts stand to expire \"in-the-money\", while 96% of the June call open interest is set to expire \"out-of-the-money\" or worthless, Options Solutions said.An option gives the buyer the right to buy or sell a security at a given price on a given date. Buying a call option is a bet the underlying asset will rise in price, while the opposite holds for a put option.Analytic services SpotGamma said there are a significant number of deep \"in-the-money\" puts expiring, similar in size to when markets crashed in March 2020, referring to protective options that have risen in value due to the market's fall.\"These positions are likely adding to the overall market volatility,\" said SpotGamma founder Brent Kochuba.Goldman Sachs estimated this week that about $3.4 trillion of U.S. stock options were set to expire on Friday, a much larger than usual quarterly figure.U.S. markets will be shut on Monday for the Juneteenth holiday.Some market participants expect more demand for hedging of portfolios as investors face a possible recession. A large number of bearish positions expiring could also provide some relief in the near term, they said.The Federal Reserve's 75 basis point interest rate hike on Wednesday and the possibility of more hikes to tame decades-high inflation has put the S&P 500 on course for its worst weekly performance since the pandemic-led crash in 2020.The U.S. benchmark index is already in a bear market, after falling more than 20% from its all-time high.\"Now that the big Fed shoe has dropped, in the absence of other news, markets may take a breather...but a sustained recovery may remain elusive for now,\" Oyster said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":108,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":689685460,"gmtCreate":1655545299654,"gmtModify":1704862662552,"author":{"id":"3567410774681125","authorId":"3567410774681125","name":"巧蓁","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567410774681125","authorIdStr":"3567410774681125"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/689685460","repostId":"1175497880","repostType":4,"repost":{"id":"1175497880","pubTimestamp":1655478123,"share":"https://www.laohu8.com/m/news/1175497880?lang=&edition=full","pubTime":"2022-06-17 23:02","market":"us","language":"en","title":"6 Widely Held Stocks to Sell Because They’re Poised to Plunge","url":"https://stock-news.laohu8.com/highlight/detail?id=1175497880","media":"InvestorPlace","summary":"These stocks are widely held but also in position to lose value.International Business Machines(IBM): Ignore IBM’s declining profitability and business risk at your peril.GeneralElectric(GE): GE canno","content":"<html><head></head><body><ul><li>These stocks are widely held but also in position to lose value.</li><li><b>International Business Machines</b> (<b><u>IBM</u></b>): Ignore IBM’s declining profitability and business risk at your peril.</li><li><b>General</b> <b>Electric</b>(<b><u>GE</u></b>): GE cannot shake long-term woes.</li><li><b>SoFiTechnologies</b>(<b><u>SOFI</u></b>): A potential reverse stock split is a warning sign to heed.</li><li><b>AMC Entertainment</b>(<b><u>AMC</u></b>): A single box office hit doesn’t change the trajectory of AMC.</li><li><b>Snap</b>(<b><u>SNAP</u></b>): Side with caution after the company warns of a miss.</li><li><b>BeyondMeat</b>(<b><u>BYND</u></b>): Growth stocks with greater than expected losses will suffer especially, BYND proves that.</li></ul><p>Running with the “in crowd” can be disastrous. In this case, we’re talking about stocks to sell, and not good kids who fall in with popular students who lack bright futures.</p><p>The danger here isn’t heading down the wrong path and squandering one’s future potential. Instead, the in crowd here relates to stocks that have broad ownership. That can be a real detriment because broad ownership implies that the market has correctly placed its collective capital behind shares with bright futures. That impression causes demand to rise, bringing prices higher.</p><p>Of course, this doesn’t always pan out. This year is littered with once heralded shares that have since declined. Some may never rebound.</p><p>That’s what this list is all about: Stocks that are broadly held but to be wary of. Time will tell, of course, but the companies listed above look to be in position to decline further despite wide holdings.</p><p><b>Stocks to Sell: International Business Machines (IBM)</b></p><p>There are a few reasons investors could be persuaded to purchase <b>International Business Machines</b> (NYSE:<b><u>IBM</u></b>) stock right now. The legacy computer company had a stronger than expected quarter when it last reported earnings. Revenues reached $14.2 billion, ahead of the $13.78 billion Wall Street was expecting. That was driven by a renewed focus on the cloud, with the firm’s hybrid cloud being heralded as responsible for the surge. If that weren’t enough, IBM has also been lauded for its very attractive dividend that yields above 4.5%.</p><p>But buyer beware. For one, IBM’s profits reached $733 million during the period. That was far lower than the $955 million profit figure it posted a year earlier. Further, IBM has trouble in the form of <b>Kyndryl</b>(NYSE:<b><u>KD</u></b>), the IT arm spun out from IBM earlier.</p><p>IBM was recently ordered to pay $1.6 billion to BMC for work the two companies performed for <b>AT&amp;T</b>(NYSE:<b><u>T</u></b>). That work was performed by IBM business divisions that now operate under the Kyndryl name, thus IBM claims it shouldn’t be on the hook for the damages. That inherent risk coupled with declining profits ought to make investors think twice.</p><p><b>General Electric (GE)</b></p><p><b>General Electric</b>(NYSE:<b><u>GE</u></b>) is a story of an American industrial titan in decline. As much as you want to root for it, the stock’s broader trajectory seems to serve as a fair warning against doing so.</p><p>Any long-term investor that’s established a position in GE in the last two decades will likely attest to that notion. In that time period, GE has gone through stretches where its value slowly creeps upward only to bust, taking shareholder capital with it.</p><p>The company is attempting to manufacture a turnaround yet again. This time it is reorganizing its corporate structure, spinning off its renewable energy and healthcare units. The thesis will of course be that it can then find renewed efficiency in those leaner operations.</p><p>Last year GE undertook a stock split to prop up flagging shares. That temporarily worked, only to later taper off. That’s the broader story of GE.</p><p><b>SoFi Technologies (SOFI)</b></p><p>Investors who were considering purchasing shares of <b>SoFi Technologies</b>(NASDAQ:<b><u>SOFI</u></b>) stock should tread carefully.</p><p>For one, the company is considering a reverse stock split which will be up for a vote at the upcoming July 12 annual shareholders meeting. In general, a reverse stock split is a very negative sign. In a reverse stock split, a company decreases the number of shares outstanding in order to inflate the value of the remaining shares.</p><p>Such moves are often viewed as a way to artificially increase price while underlying fundamentals remain unchanged. The move comes after SOFI stock has lost roughly 60% of its value this year.</p><p>The other reason to remain skeptical of SoFi is that the student loan debt forgiveness debate remains muddled. The stock plunged when the Biden administration announced its latest extension of the moratorium in early April. Now that Biden’s administration has delayed any concrete moves again until later this summer, another possible extension appears very possible.</p><p><b>Stocks to Sell: AMC Entertainment (AMC)</b></p><p>The bull thesis for <b>AMC Entertainment</b>(NYSE:<b><u>AMC</u></b>) stock is generally that the retail investors that have propped it up, continue to have the power to do so. The idea is that the next catalyst might be the one to ignite another short squeeze.</p><p>Although short interest in AMC stock remains very high the box office success of<i>Top Gun: Maverick</i>isn’t the tinder to stoke another fire. I recently wrote that the economic reality of <i>Top Gun</i> can’t negate AMC’s history of losses. AMC lost $337 million in its last reported quarter.</p><p>This article implies that AMC controls roughly one-third of screens and makes gross proceeds of 60% on that market position. So, long story short,<i>Top Gun: Maverick’s</i>current $357 million box office likely results in roughly $70 million in gross proceeds thus far.</p><p>It’s a very positive step in the right direction to be sure, but it simply can’t negate the implications of a $337 million loss in the previous period.</p><p><b>Snap (SNAP)</b></p><p>There isn’t that much to report when it comes to <b>Snap</b>(NYSE:<b><u>SNAP</u></b>) stock. There’s no gotcha moment when it comes to late May news the company issued. That news was that the company doesn’t expect to meet the low end of its prior revenue and EBITDA guidance for Q2. in other words, there’s nothing suggesting that investors should buy SNAP stock based on s silver lining.</p><p>There isn’t one. Snap had its worst month ever and has declined in eight of the last nine months along with the last three in a row.</p><p>Part of the reason is that ad revenues aren’t what they once were. Increasingly advertisers are turning to Instagram and TikTok where Snap had been favored. As long as competitors are seen as being more capable of adjusting to <b>Apple’s</b>(NASDAQ:<b><u>AAPL</u></b>) privacy changes Snap will continue to suffer.</p><p><b>Stocks to Sell: Beyond Meat (BYND)</b></p><p>When growth stocks were the rage, <b>Beyond Meat</b>(NASDAQ:<b><u>BYND</u></b>) stock was riding high. Investors had little concern about the company’s lack of efficiency or losses. All that mattered was that the alternative meat market seemed hot and the company showed growth.</p><p>But now that the U.S. is shifting away from a prolonged period in which capital was inexpensive, growth is out. Investors certainly care now that Beyond Meat posted a net loss of $100.5 million. And those who may have still been on board jumped ship when EPS losses reached $1.58on the expectation of 98-cent losses.</p><p>The vague notion of becoming “tomorrow’s global protein company” has lost a lot of its luster as losses widen.</p></body></html>","source":"lsy1606302653667","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>6 Widely Held Stocks to Sell Because They’re Poised to Plunge</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\">\n6 Widely Held Stocks to Sell Because They’re Poised to Plunge\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-17 23:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/06/7-widely-held-stocks-to-sell-poised-plunge/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>These stocks are widely held but also in position to lose value.International Business Machines (IBM): Ignore IBM’s declining profitability and business risk at your peril.General Electric(GE): GE ...</p>\n\n<a href=\"https://investorplace.com/2022/06/7-widely-held-stocks-to-sell-poised-plunge/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BYND":"Beyond Meat, Inc.","IBM":"IBM","SOFI":"SoFi Technologies Inc.","GE":"GE航空航天","SNAP":"Snap Inc","AMC":"AMC院线"},"source_url":"https://investorplace.com/2022/06/7-widely-held-stocks-to-sell-poised-plunge/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175497880","content_text":"These stocks are widely held but also in position to lose value.International Business Machines (IBM): Ignore IBM’s declining profitability and business risk at your peril.General Electric(GE): GE cannot shake long-term woes.SoFiTechnologies(SOFI): A potential reverse stock split is a warning sign to heed.AMC Entertainment(AMC): A single box office hit doesn’t change the trajectory of AMC.Snap(SNAP): Side with caution after the company warns of a miss.BeyondMeat(BYND): Growth stocks with greater than expected losses will suffer especially, BYND proves that.Running with the “in crowd” can be disastrous. In this case, we’re talking about stocks to sell, and not good kids who fall in with popular students who lack bright futures.The danger here isn’t heading down the wrong path and squandering one’s future potential. Instead, the in crowd here relates to stocks that have broad ownership. That can be a real detriment because broad ownership implies that the market has correctly placed its collective capital behind shares with bright futures. That impression causes demand to rise, bringing prices higher.Of course, this doesn’t always pan out. This year is littered with once heralded shares that have since declined. Some may never rebound.That’s what this list is all about: Stocks that are broadly held but to be wary of. Time will tell, of course, but the companies listed above look to be in position to decline further despite wide holdings.Stocks to Sell: International Business Machines (IBM)There are a few reasons investors could be persuaded to purchase International Business Machines (NYSE:IBM) stock right now. The legacy computer company had a stronger than expected quarter when it last reported earnings. Revenues reached $14.2 billion, ahead of the $13.78 billion Wall Street was expecting. That was driven by a renewed focus on the cloud, with the firm’s hybrid cloud being heralded as responsible for the surge. If that weren’t enough, IBM has also been lauded for its very attractive dividend that yields above 4.5%.But buyer beware. For one, IBM’s profits reached $733 million during the period. That was far lower than the $955 million profit figure it posted a year earlier. Further, IBM has trouble in the form of Kyndryl(NYSE:KD), the IT arm spun out from IBM earlier.IBM was recently ordered to pay $1.6 billion to BMC for work the two companies performed for AT&T(NYSE:T). That work was performed by IBM business divisions that now operate under the Kyndryl name, thus IBM claims it shouldn’t be on the hook for the damages. That inherent risk coupled with declining profits ought to make investors think twice.General Electric (GE)General Electric(NYSE:GE) is a story of an American industrial titan in decline. As much as you want to root for it, the stock’s broader trajectory seems to serve as a fair warning against doing so.Any long-term investor that’s established a position in GE in the last two decades will likely attest to that notion. In that time period, GE has gone through stretches where its value slowly creeps upward only to bust, taking shareholder capital with it.The company is attempting to manufacture a turnaround yet again. This time it is reorganizing its corporate structure, spinning off its renewable energy and healthcare units. The thesis will of course be that it can then find renewed efficiency in those leaner operations.Last year GE undertook a stock split to prop up flagging shares. That temporarily worked, only to later taper off. That’s the broader story of GE.SoFi Technologies (SOFI)Investors who were considering purchasing shares of SoFi Technologies(NASDAQ:SOFI) stock should tread carefully.For one, the company is considering a reverse stock split which will be up for a vote at the upcoming July 12 annual shareholders meeting. In general, a reverse stock split is a very negative sign. In a reverse stock split, a company decreases the number of shares outstanding in order to inflate the value of the remaining shares.Such moves are often viewed as a way to artificially increase price while underlying fundamentals remain unchanged. The move comes after SOFI stock has lost roughly 60% of its value this year.The other reason to remain skeptical of SoFi is that the student loan debt forgiveness debate remains muddled. The stock plunged when the Biden administration announced its latest extension of the moratorium in early April. Now that Biden’s administration has delayed any concrete moves again until later this summer, another possible extension appears very possible.Stocks to Sell: AMC Entertainment (AMC)The bull thesis for AMC Entertainment(NYSE:AMC) stock is generally that the retail investors that have propped it up, continue to have the power to do so. The idea is that the next catalyst might be the one to ignite another short squeeze.Although short interest in AMC stock remains very high the box office success ofTop Gun: Maverickisn’t the tinder to stoke another fire. I recently wrote that the economic reality of Top Gun can’t negate AMC’s history of losses. AMC lost $337 million in its last reported quarter.This article implies that AMC controls roughly one-third of screens and makes gross proceeds of 60% on that market position. So, long story short,Top Gun: Maverick’scurrent $357 million box office likely results in roughly $70 million in gross proceeds thus far.It’s a very positive step in the right direction to be sure, but it simply can’t negate the implications of a $337 million loss in the previous period.Snap (SNAP)There isn’t that much to report when it comes to Snap(NYSE:SNAP) stock. There’s no gotcha moment when it comes to late May news the company issued. That news was that the company doesn’t expect to meet the low end of its prior revenue and EBITDA guidance for Q2. in other words, there’s nothing suggesting that investors should buy SNAP stock based on s silver lining.There isn’t one. Snap had its worst month ever and has declined in eight of the last nine months along with the last three in a row.Part of the reason is that ad revenues aren’t what they once were. Increasingly advertisers are turning to Instagram and TikTok where Snap had been favored. As long as competitors are seen as being more capable of adjusting to Apple’s(NASDAQ:AAPL) privacy changes Snap will continue to suffer.Stocks to Sell: Beyond Meat (BYND)When growth stocks were the rage, Beyond Meat(NASDAQ:BYND) stock was riding high. Investors had little concern about the company’s lack of efficiency or losses. All that mattered was that the alternative meat market seemed hot and the company showed growth.But now that the U.S. is shifting away from a prolonged period in which capital was inexpensive, growth is out. Investors certainly care now that Beyond Meat posted a net loss of $100.5 million. And those who may have still been on board jumped ship when EPS losses reached $1.58on the expectation of 98-cent losses.The vague notion of becoming “tomorrow’s global protein company” has lost a lot of its luster as losses widen.","news_type":1},"isVote":1,"tweetType":1,"viewCount":124,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":689685502,"gmtCreate":1655545289011,"gmtModify":1704862662378,"author":{"id":"3567410774681125","authorId":"3567410774681125","name":"巧蓁","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567410774681125","authorIdStr":"3567410774681125"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/689685502","repostId":"2244756701","repostType":4,"repost":{"id":"2244756701","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1655532541,"share":"https://www.laohu8.com/m/news/2244756701?lang=&edition=full","pubTime":"2022-06-18 14:09","market":"us","language":"en","title":"Warren Buffett Charity Lunch Fetches Winning Bid of $19 Mln","url":"https://stock-news.laohu8.com/highlight/detail?id=2244756701","media":"Reuters","summary":"A lucky, and likely wealthy, person bid more than $19 million to dine with Warren Buffett, in the 21","content":"<html><head></head><body><p>A lucky, and likely wealthy, person bid more than $19 million to dine with Warren Buffett, in the 21st and final time that the billionaire businessman auctioned a private lunch to benefit a San Francisco charity.</p><p>The winning bid in the <a href=\"https://laohu8.com/S/EBAY\">eBay</a> auction that ended on Friday night far surpassed the previous record of $4.57 million, paid in 2019 by cryptocurrency entrepreneur Justin Sun, although the new winner&#39;s identity could not immediately be determined.</p><p>Proceeds benefit Glide, a nonprofit in San Francisco&#39;s Tenderloin district that helps the poor, homeless or those battling substance abuse. Glide offers meals, shelter, HIV and hepatitis C tests, job training and children&#39;s programs.</p><p>Buffett, 91, the chairman and chief executive of Berkshire Hathaway Inc   , has raised more than $53.2 million for Glide in the 21 auctions, which began in 2000.</p><p>An eBay spokeswoman said the lunch was the most expensive item ever sold on the company&#39;s website to benefit charity.</p><p>No auctions were held in 2020 and 2021 because of the COVID-19 pandemic.</p><p>Buffett became a supporter of Glide after his first wife Susan, who died in 2004, introduced him to the charity, where she had been volunteering.</p><p>He has also pledged to give away nearly all of his fortune. Buffett was worth $93.4 billion on Friday, ranking seventh worldwide, according to Forbes magazine.</p><p>This year&#39;s auction winner and up to seven guests will dine with Buffett at the Smith &amp; Wollensky steakhouse in <a href=\"https://laohu8.com/S/MHC.AU\">Manhattan</a>.</p><p>Buffett will talk about almost anything, but not where he may invest next.</p><p>Hedge fund managers David Einhorn and Ted Weschler are among previous auction winners.</p><p>Weschler became a Berkshire portfolio manager after paying a combined $5.25 million to win the 2010 and 2011 auctions.</p><p>Berkshire owns dozens of companies including the BNSF railroad, Geico car insurance, energy, manufacturing and retail businesses, and stocks such as Apple Inc    and $Bank of America Corp(BAC-N)$   .</p><p>Buffett still owns nearly 16% of the Omaha, Nebraska-based conglomerate, despite having donated more than half of his shares since 2006, including $4 billion on June 14.</p></body></html>","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>Warren Buffett Charity Lunch Fetches Winning Bid of $19 Mln</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\">\nWarren Buffett Charity Lunch Fetches Winning Bid of $19 Mln\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-06-18 14:09</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>A lucky, and likely wealthy, person bid more than $19 million to dine with Warren Buffett, in the 21st and final time that the billionaire businessman auctioned a private lunch to benefit a San Francisco charity.</p><p>The winning bid in the <a href=\"https://laohu8.com/S/EBAY\">eBay</a> auction that ended on Friday night far surpassed the previous record of $4.57 million, paid in 2019 by cryptocurrency entrepreneur Justin Sun, although the new winner&#39;s identity could not immediately be determined.</p><p>Proceeds benefit Glide, a nonprofit in San Francisco&#39;s Tenderloin district that helps the poor, homeless or those battling substance abuse. Glide offers meals, shelter, HIV and hepatitis C tests, job training and children&#39;s programs.</p><p>Buffett, 91, the chairman and chief executive of Berkshire Hathaway Inc   , has raised more than $53.2 million for Glide in the 21 auctions, which began in 2000.</p><p>An eBay spokeswoman said the lunch was the most expensive item ever sold on the company&#39;s website to benefit charity.</p><p>No auctions were held in 2020 and 2021 because of the COVID-19 pandemic.</p><p>Buffett became a supporter of Glide after his first wife Susan, who died in 2004, introduced him to the charity, where she had been volunteering.</p><p>He has also pledged to give away nearly all of his fortune. Buffett was worth $93.4 billion on Friday, ranking seventh worldwide, according to Forbes magazine.</p><p>This year&#39;s auction winner and up to seven guests will dine with Buffett at the Smith &amp; Wollensky steakhouse in <a href=\"https://laohu8.com/S/MHC.AU\">Manhattan</a>.</p><p>Buffett will talk about almost anything, but not where he may invest next.</p><p>Hedge fund managers David Einhorn and Ted Weschler are among previous auction winners.</p><p>Weschler became a Berkshire portfolio manager after paying a combined $5.25 million to win the 2010 and 2011 auctions.</p><p>Berkshire owns dozens of companies including the BNSF railroad, Geico car insurance, energy, manufacturing and retail businesses, and stocks such as Apple Inc    and $Bank of America Corp(BAC-N)$   .</p><p>Buffett still owns nearly 16% of the Omaha, Nebraska-based conglomerate, despite having donated more than half of his shares since 2006, including $4 billion on June 14.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4576":"AR","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4566":"资本集团","BK4575":"芯片概念","QNETCN":"纳斯达克中美互联网老虎指数","BAC":"美国银行","BK4524":"宅经济概念","BK4534":"瑞士信贷持仓","BK4559":"巴菲特持仓","BK4527":"明星科技股","BK4501":"段永平概念","BK4550":"红杉资本持仓","BK4579":"人工智能","BK4122":"互联网与直销零售","BK4207":"综合性银行","BK4574":"无人驾驶","BK4573":"虚拟现实","BK4505":"高瓴资本持仓","BK4581":"高盛持仓","BK4504":"桥水持仓","BK4512":"苹果概念","BK4170":"电脑硬件、储存设备及电脑周边","BRK.B":"伯克希尔B","BK4176":"多领域控股","BRK.A":"伯克希尔","EBAY":"eBay","BK4554":"元宇宙及AR概念","BK4532":"文艺复兴科技持仓","BK4515":"5G概念","BK4553":"喜马拉雅资本持仓","AAPL":"苹果","BK4571":"数字音乐概念","BK4507":"流媒体概念"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2244756701","content_text":"A lucky, and likely wealthy, person bid more than $19 million to dine with Warren Buffett, in the 21st and final time that the billionaire businessman auctioned a private lunch to benefit a San Francisco charity.The winning bid in the eBay auction that ended on Friday night far surpassed the previous record of $4.57 million, paid in 2019 by cryptocurrency entrepreneur Justin Sun, although the new winner's identity could not immediately be determined.Proceeds benefit Glide, a nonprofit in San Francisco's Tenderloin district that helps the poor, homeless or those battling substance abuse. Glide offers meals, shelter, HIV and hepatitis C tests, job training and children's programs.Buffett, 91, the chairman and chief executive of Berkshire Hathaway Inc   , has raised more than $53.2 million for Glide in the 21 auctions, which began in 2000.An eBay spokeswoman said the lunch was the most expensive item ever sold on the company's website to benefit charity.No auctions were held in 2020 and 2021 because of the COVID-19 pandemic.Buffett became a supporter of Glide after his first wife Susan, who died in 2004, introduced him to the charity, where she had been volunteering.He has also pledged to give away nearly all of his fortune. Buffett was worth $93.4 billion on Friday, ranking seventh worldwide, according to Forbes magazine.This year's auction winner and up to seven guests will dine with Buffett at the Smith & Wollensky steakhouse in Manhattan.Buffett will talk about almost anything, but not where he may invest next.Hedge fund managers David Einhorn and Ted Weschler are among previous auction winners.Weschler became a Berkshire portfolio manager after paying a combined $5.25 million to win the 2010 and 2011 auctions.Berkshire owns dozens of companies including the BNSF railroad, Geico car insurance, energy, manufacturing and retail businesses, and stocks such as Apple Inc    and $Bank of America Corp(BAC-N)$   .Buffett still owns nearly 16% of the Omaha, Nebraska-based conglomerate, despite having donated more than half of his shares since 2006, including $4 billion on June 14.","news_type":1},"isVote":1,"tweetType":1,"viewCount":107,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":689685290,"gmtCreate":1655545273814,"gmtModify":1704862662203,"author":{"id":"3567410774681125","authorId":"3567410774681125","name":"巧蓁","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567410774681125","authorIdStr":"3567410774681125"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/689685290","repostId":"2244110681","repostType":4,"repost":{"id":"2244110681","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1655509222,"share":"https://www.laohu8.com/m/news/2244110681?lang=&edition=full","pubTime":"2022-06-18 07:40","market":"us","language":"en","title":"The Next Bull Market Is Just Months Away and Could Take the S&P 500 to 6000, Says BofA","url":"https://stock-news.laohu8.com/highlight/detail?id=2244110681","media":"Dow Jones","summary":"When it comes to bear markets, investors can take comfort from history which suggests that where there's a beginning, there's always an end.And according to Bank of America, investors have only got a ","content":"<html><head></head><body><p>When it comes to bear markets, investors can take comfort from history which suggests that where there&#39;s a beginning, there&#39;s always an end.</p><p>And according to Bank of America, investors have only got a few months left to endure the bear market that the S&amp;P 500  tumbled into on June 13, at the start of this week. And then will come the bull market.</p><p>As per history, points out chief investment strategist Michael Hartnett, the average peak-to-trough bear market decline is 37.3% and lasts 289 days. That would put the end to the pain on Oct. 19, 2022, which happens to mark the 35th anniversary of Black Monday, the name commonly given to the stock market crash of 1987, and the S&amp;P 500 index will likely bottom at 3,000.</p><p>A popular definition of a bear market defines it as a 20% drop from a recent high. As of Thursday, the index was off 23.55% from its record close of 4796.56 hit Monday, Jan. 3, 2022.</p><p>And an end typically marks a beginning with Bank of America noting the average bull market lasts a much longer 64 months with a 198% return, &#34;so next bull sees the S&amp;P 500 at 6,000 by Feb. 28,&#34; said Hartnett.</p><p>Meanwhile, another week saw the bank&#39;s own bull and bear indicator fall as far as it can go into &#34;contrarian bullish&#34; territory --</p><p><img src=\"https://static.tigerbbs.com/d5b388620db70508a92721690ee4a74e\" tg-width=\"700\" tg-height=\"607\" width=\"100%\" height=\"auto\"/></p><p>That indicator previously fell to 0 in August 2002, July, 2008, Sept. 2011, Sept. 2015, January 2016 and March 2020, said Hartnett. When it has previously hit zero, except in the case of a double-dip recession such as 2002 or systemic events, as in 2008 and 2011, three-month returns have been strong, as this table shows.</p><p><img src=\"https://static.tigerbbs.com/562bea67e5a7522dc96de3ab2c90727c\" tg-width=\"700\" tg-height=\"427\" width=\"100%\" height=\"auto\"/></p><p>&#34;Positioning dire, but profits/policy say nibble at SPX 36K, bite at 33K, gorge at 30K,&#34; added Hartnett. That&#39;s even as they clearly don&#39;t think the selloff is quite over. As per the next chart, a reminder from BofA of how the Federal Reserve tends to &#34;break something,&#34; with tightening cycles:</p><p><img src=\"https://static.tigerbbs.com/542e42e107cf3f74df35c0a66482b401\" tg-width=\"700\" tg-height=\"390\" width=\"100%\" height=\"auto\"/></p><p>More data from the bank showed $16.6 billion flowed into stocks in the most recent week, $18.5 billion from bonds and $50.1 billion from cash. Also, the data showed first week of inflows to emerging market equities in 6 weeks of $1.3 billion, the biggest inflow to US small cap since December 2021 of $6.6 billion, the largest influx to US value in 13 weeks of $5.8 billion and biggest to techs in nine weeks, of $800 million.</p></body></html>","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>The Next Bull Market Is Just Months Away and Could Take the S&P 500 to 6000, Says BofA</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\">\nThe Next Bull Market Is Just Months Away and Could Take the S&P 500 to 6000, Says BofA\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-06-18 07:40</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>When it comes to bear markets, investors can take comfort from history which suggests that where there&#39;s a beginning, there&#39;s always an end.</p><p>And according to Bank of America, investors have only got a few months left to endure the bear market that the S&amp;P 500  tumbled into on June 13, at the start of this week. And then will come the bull market.</p><p>As per history, points out chief investment strategist Michael Hartnett, the average peak-to-trough bear market decline is 37.3% and lasts 289 days. That would put the end to the pain on Oct. 19, 2022, which happens to mark the 35th anniversary of Black Monday, the name commonly given to the stock market crash of 1987, and the S&amp;P 500 index will likely bottom at 3,000.</p><p>A popular definition of a bear market defines it as a 20% drop from a recent high. As of Thursday, the index was off 23.55% from its record close of 4796.56 hit Monday, Jan. 3, 2022.</p><p>And an end typically marks a beginning with Bank of America noting the average bull market lasts a much longer 64 months with a 198% return, &#34;so next bull sees the S&amp;P 500 at 6,000 by Feb. 28,&#34; said Hartnett.</p><p>Meanwhile, another week saw the bank&#39;s own bull and bear indicator fall as far as it can go into &#34;contrarian bullish&#34; territory --</p><p><img src=\"https://static.tigerbbs.com/d5b388620db70508a92721690ee4a74e\" tg-width=\"700\" tg-height=\"607\" width=\"100%\" height=\"auto\"/></p><p>That indicator previously fell to 0 in August 2002, July, 2008, Sept. 2011, Sept. 2015, January 2016 and March 2020, said Hartnett. When it has previously hit zero, except in the case of a double-dip recession such as 2002 or systemic events, as in 2008 and 2011, three-month returns have been strong, as this table shows.</p><p><img src=\"https://static.tigerbbs.com/562bea67e5a7522dc96de3ab2c90727c\" tg-width=\"700\" tg-height=\"427\" width=\"100%\" height=\"auto\"/></p><p>&#34;Positioning dire, but profits/policy say nibble at SPX 36K, bite at 33K, gorge at 30K,&#34; added Hartnett. That&#39;s even as they clearly don&#39;t think the selloff is quite over. As per the next chart, a reminder from BofA of how the Federal Reserve tends to &#34;break something,&#34; with tightening cycles:</p><p><img src=\"https://static.tigerbbs.com/542e42e107cf3f74df35c0a66482b401\" tg-width=\"700\" tg-height=\"390\" width=\"100%\" height=\"auto\"/></p><p>More data from the bank showed $16.6 billion flowed into stocks in the most recent week, $18.5 billion from bonds and $50.1 billion from cash. Also, the data showed first week of inflows to emerging market equities in 6 weeks of $1.3 billion, the biggest inflow to US small cap since December 2021 of $6.6 billion, the largest influx to US value in 13 weeks of $5.8 billion and biggest to techs in nine weeks, of $800 million.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","BK4550":"红杉资本持仓","BK4581":"高盛持仓","SDS":"两倍做空标普500ETF","BK4504":"桥水持仓","UPRO":"三倍做多标普500ETF","IVV":"标普500指数ETF","OEF":"标普100指数ETF-iShares","SSO":"两倍做多标普500ETF","SH":"标普500反向ETF","SPXU":"三倍做空标普500ETF","SPY":"标普500ETF","BK4534":"瑞士信贷持仓","BK4559":"巴菲特持仓","OEX":"标普100"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2244110681","content_text":"When it comes to bear markets, investors can take comfort from history which suggests that where there's a beginning, there's always an end.And according to Bank of America, investors have only got a few months left to endure the bear market that the S&P 500  tumbled into on June 13, at the start of this week. And then will come the bull market.As per history, points out chief investment strategist Michael Hartnett, the average peak-to-trough bear market decline is 37.3% and lasts 289 days. That would put the end to the pain on Oct. 19, 2022, which happens to mark the 35th anniversary of Black Monday, the name commonly given to the stock market crash of 1987, and the S&P 500 index will likely bottom at 3,000.A popular definition of a bear market defines it as a 20% drop from a recent high. As of Thursday, the index was off 23.55% from its record close of 4796.56 hit Monday, Jan. 3, 2022.And an end typically marks a beginning with Bank of America noting the average bull market lasts a much longer 64 months with a 198% return, \"so next bull sees the S&P 500 at 6,000 by Feb. 28,\" said Hartnett.Meanwhile, another week saw the bank's own bull and bear indicator fall as far as it can go into \"contrarian bullish\" territory --That indicator previously fell to 0 in August 2002, July, 2008, Sept. 2011, Sept. 2015, January 2016 and March 2020, said Hartnett. When it has previously hit zero, except in the case of a double-dip recession such as 2002 or systemic events, as in 2008 and 2011, three-month returns have been strong, as this table shows.\"Positioning dire, but profits/policy say nibble at SPX 36K, bite at 33K, gorge at 30K,\" added Hartnett. That's even as they clearly don't think the selloff is quite over. As per the next chart, a reminder from BofA of how the Federal Reserve tends to \"break something,\" with tightening cycles:More data from the bank showed $16.6 billion flowed into stocks in the most recent week, $18.5 billion from bonds and $50.1 billion from cash. Also, the data showed first week of inflows to emerging market equities in 6 weeks of $1.3 billion, the biggest inflow to US small cap since December 2021 of $6.6 billion, the largest influx to US value in 13 weeks of $5.8 billion and biggest to techs in nine weeks, of $800 million.","news_type":1},"isVote":1,"tweetType":1,"viewCount":165,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":689685608,"gmtCreate":1655545250507,"gmtModify":1704862662029,"author":{"id":"3567410774681125","authorId":"3567410774681125","name":"巧蓁","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567410774681125","authorIdStr":"3567410774681125"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/689685608","repostId":"2244127998","repostType":4,"repost":{"id":"2244127998","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1655513252,"share":"https://www.laohu8.com/m/news/2244127998?lang=&edition=full","pubTime":"2022-06-18 08:47","market":"us","language":"en","title":"The Stock Market Had a Very Bad Week. Why It Gets Worse Before It Gets Better","url":"https://stock-news.laohu8.com/highlight/detail?id=2244127998","media":"Dow Jones","summary":"After a three-year hiatus, the Golden State Warriors are the best team in basketball again -- and th","content":"<html><head></head><body><p>After a three-year hiatus, the Golden State Warriors are the best team in basketball again -- and they had to navigate an injury-driven tumble from the top to the absolute bottom to do it. There&#39;s a lesson in there about bear markets, recessions, and all the fears gripping investors right now.</p><p>After the stock market&#39;s tumble this past week, investors probably feel like Warriors star Stephen Curry in 2020 asking what else could possibly go wrong. The S&amp;P 500 dropped 5.8%, its worst weekly decline since March 2020, while the Dow Jones Industrial Average and the Nasdaq Composite both fell 4.8%.</p><p>It was &#34;the worst stretch of selling in the history of the S&amp;P 500,&#34; according to Sundial Capital Research&#39;s Jason Goepfert, who noted that there were five days since June 8 when more than 90% of the index&#39;s stocks finished lower. The question now is how much more can go wrong.</p><p>Plenty. The week&#39;s drop, which sent the S&amp;P 500 into a bear market, was caused by rising bond yields, some weak economic data, and, of course, the Federal Reserve, which raised interest rates by three-quarters of a point for the first time since 1994.</p><p>And there&#39;s more where that came from. The Fed, battling inflation unlike any it has seen in the past 40 years, could raise interest rates higher than currently expected -- there&#39;s a 89% chance of another three-quarter-point increase in July, although the chances of that happening in September are much lower -- while signs of an economic slowdown emerged this past week as housing starts fell 14% month over month in May and retail sales dipped 0.3%.</p><p>&#34;The Fed needs to bring inflation down, and the growth rate of the economy will be a victim,&#34; says Dave Donabedian, chief investment officer at CIBC Private Wealth US.</p><p>That&#39;s scary enough, but the biggest near-term concern for the stock market might be earnings. Right now, they&#39;re expected to be quite good, with analysts forecasting 11% growth to $228 per share in 2022, and 9.6% growth to nearly $250 in 2023.</p><p>But Wells Fargo strategist Chris Harvey expects companies to sound far more worried on their next conference calls in the kind of abrupt pivot that hasn&#39;t occurred since 2007.</p><p>&#34;Overall, we think the market has quickly shifted from fears of undersupply to oversupply, and corporate outlooks will shift dramatically as earnings are revealed,&#34; explains Harvey, who recommends avoiding &#34;broken stories,&#34; stocks that include Walt Disney (ticker: DIS), Etsy <a href=\"https://laohu8.com/S/ETSY\">$(ETSY)$</a>, Netflix <a href=\"https://laohu8.com/S/NFLX\">$(NFLX)$</a>, and Boeing <a href=\"https://laohu8.com/S/BA\">$(BA)$</a>.</p><p>If he&#39;s right, earnings forecasts will have to come down -- and the S&amp;P 500, which trades at 15.4 times 12-month forward earnings, isn&#39;t nearly as cheap as it looks. Goldman Sachs&#39; David Kostin notes that if S&amp;P 500 companies earn $239 and trade at 17 times, the index would trade at 4165, up 13% from Friday&#39;s close. That&#39;s the optimistic case.</p><p>But if 2023 earnings come in lower -- say, at $225 -- and the price/earnings ratio slips to 14, the index could trade down to 3150, off 14% from Friday&#39;s close. &#34;Investors looking for value opportunities should consider both valuations and potential downside risk to earnings estimates,&#34; he writes.</p><p>Still, it isn&#39;t the end of the world. Jim Stack, president of InvesTech Research, took equity exposure down to 44% this past week, his most defensive portfolio since the tech bubble in 2000. He doesn&#39;t sound down about it. Instead, he&#39;s looking ahead. &#34;The &#39;good news&#39; is that this will ultimately lead to <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the best buying opportunities in decades, &#34; he writes. &#34;But for now, patience is paramount.&#34;</p><p>It may take time, but the market will get that winning feeling once again. Bet on it.</p></body></html>","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>The Stock Market Had a Very Bad Week. Why It Gets Worse Before It Gets Better</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\">\nThe Stock Market Had a Very Bad Week. Why It Gets Worse Before It Gets Better\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-06-18 08:47</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>After a three-year hiatus, the Golden State Warriors are the best team in basketball again -- and they had to navigate an injury-driven tumble from the top to the absolute bottom to do it. There&#39;s a lesson in there about bear markets, recessions, and all the fears gripping investors right now.</p><p>After the stock market&#39;s tumble this past week, investors probably feel like Warriors star Stephen Curry in 2020 asking what else could possibly go wrong. The S&amp;P 500 dropped 5.8%, its worst weekly decline since March 2020, while the Dow Jones Industrial Average and the Nasdaq Composite both fell 4.8%.</p><p>It was &#34;the worst stretch of selling in the history of the S&amp;P 500,&#34; according to Sundial Capital Research&#39;s Jason Goepfert, who noted that there were five days since June 8 when more than 90% of the index&#39;s stocks finished lower. The question now is how much more can go wrong.</p><p>Plenty. The week&#39;s drop, which sent the S&amp;P 500 into a bear market, was caused by rising bond yields, some weak economic data, and, of course, the Federal Reserve, which raised interest rates by three-quarters of a point for the first time since 1994.</p><p>And there&#39;s more where that came from. The Fed, battling inflation unlike any it has seen in the past 40 years, could raise interest rates higher than currently expected -- there&#39;s a 89% chance of another three-quarter-point increase in July, although the chances of that happening in September are much lower -- while signs of an economic slowdown emerged this past week as housing starts fell 14% month over month in May and retail sales dipped 0.3%.</p><p>&#34;The Fed needs to bring inflation down, and the growth rate of the economy will be a victim,&#34; says Dave Donabedian, chief investment officer at CIBC Private Wealth US.</p><p>That&#39;s scary enough, but the biggest near-term concern for the stock market might be earnings. Right now, they&#39;re expected to be quite good, with analysts forecasting 11% growth to $228 per share in 2022, and 9.6% growth to nearly $250 in 2023.</p><p>But Wells Fargo strategist Chris Harvey expects companies to sound far more worried on their next conference calls in the kind of abrupt pivot that hasn&#39;t occurred since 2007.</p><p>&#34;Overall, we think the market has quickly shifted from fears of undersupply to oversupply, and corporate outlooks will shift dramatically as earnings are revealed,&#34; explains Harvey, who recommends avoiding &#34;broken stories,&#34; stocks that include Walt Disney (ticker: DIS), Etsy <a href=\"https://laohu8.com/S/ETSY\">$(ETSY)$</a>, Netflix <a href=\"https://laohu8.com/S/NFLX\">$(NFLX)$</a>, and Boeing <a href=\"https://laohu8.com/S/BA\">$(BA)$</a>.</p><p>If he&#39;s right, earnings forecasts will have to come down -- and the S&amp;P 500, which trades at 15.4 times 12-month forward earnings, isn&#39;t nearly as cheap as it looks. Goldman Sachs&#39; David Kostin notes that if S&amp;P 500 companies earn $239 and trade at 17 times, the index would trade at 4165, up 13% from Friday&#39;s close. That&#39;s the optimistic case.</p><p>But if 2023 earnings come in lower -- say, at $225 -- and the price/earnings ratio slips to 14, the index could trade down to 3150, off 14% from Friday&#39;s close. &#34;Investors looking for value opportunities should consider both valuations and potential downside risk to earnings estimates,&#34; he writes.</p><p>Still, it isn&#39;t the end of the world. Jim Stack, president of InvesTech Research, took equity exposure down to 44% this past week, his most defensive portfolio since the tech bubble in 2000. He doesn&#39;t sound down about it. Instead, he&#39;s looking ahead. &#34;The &#39;good news&#39; is that this will ultimately lead to <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the best buying opportunities in decades, &#34; he writes. &#34;But for now, patience is paramount.&#34;</p><p>It may take time, but the market will get that winning feeling once again. Bet on it.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","BK4581":"高盛持仓","BK4504":"桥水持仓","SSO":"两倍做多标普500ETF","SH":"标普500反向ETF","BK4207":"综合性银行","GS":"高盛","BK4548":"巴美列捷福持仓","SPXU":"三倍做空标普500ETF","BA":"波音","IVV":"标普500指数ETF","BK4516":"特朗普概念","BK4564":"太空概念","SPY":"标普500ETF","BK4187":"航天航空与国防","BK4532":"文艺复兴科技持仓","ETSY":"Etsy, Inc.","BK4122":"互联网与直销零售","BK4108":"电影和娱乐","BK4534":"瑞士信贷持仓","BK4507":"流媒体概念","JPM":"摩根大通","OEF":"标普100指数ETF-iShares","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4566":"资本集团","BK4524":"宅经济概念","SDS":"两倍做空标普500ETF","BK4559":"巴菲特持仓","UPRO":"三倍做多标普500ETF","BK4527":"明星科技股",".SPX":"S&P 500 Index","OEX":"标普100","BK4550":"红杉资本持仓","QNETCN":"纳斯达克中美互联网老虎指数","C":"花旗","BK4551":"寇图资本持仓","NFLX":"奈飞"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2244127998","content_text":"After a three-year hiatus, the Golden State Warriors are the best team in basketball again -- and they had to navigate an injury-driven tumble from the top to the absolute bottom to do it. There's a lesson in there about bear markets, recessions, and all the fears gripping investors right now.After the stock market's tumble this past week, investors probably feel like Warriors star Stephen Curry in 2020 asking what else could possibly go wrong. The S&P 500 dropped 5.8%, its worst weekly decline since March 2020, while the Dow Jones Industrial Average and the Nasdaq Composite both fell 4.8%.It was \"the worst stretch of selling in the history of the S&P 500,\" according to Sundial Capital Research's Jason Goepfert, who noted that there were five days since June 8 when more than 90% of the index's stocks finished lower. The question now is how much more can go wrong.Plenty. The week's drop, which sent the S&P 500 into a bear market, was caused by rising bond yields, some weak economic data, and, of course, the Federal Reserve, which raised interest rates by three-quarters of a point for the first time since 1994.And there's more where that came from. The Fed, battling inflation unlike any it has seen in the past 40 years, could raise interest rates higher than currently expected -- there's a 89% chance of another three-quarter-point increase in July, although the chances of that happening in September are much lower -- while signs of an economic slowdown emerged this past week as housing starts fell 14% month over month in May and retail sales dipped 0.3%.\"The Fed needs to bring inflation down, and the growth rate of the economy will be a victim,\" says Dave Donabedian, chief investment officer at CIBC Private Wealth US.That's scary enough, but the biggest near-term concern for the stock market might be earnings. Right now, they're expected to be quite good, with analysts forecasting 11% growth to $228 per share in 2022, and 9.6% growth to nearly $250 in 2023.But Wells Fargo strategist Chris Harvey expects companies to sound far more worried on their next conference calls in the kind of abrupt pivot that hasn't occurred since 2007.\"Overall, we think the market has quickly shifted from fears of undersupply to oversupply, and corporate outlooks will shift dramatically as earnings are revealed,\" explains Harvey, who recommends avoiding \"broken stories,\" stocks that include Walt Disney (ticker: DIS), Etsy $(ETSY)$, Netflix $(NFLX)$, and Boeing $(BA)$.If he's right, earnings forecasts will have to come down -- and the S&P 500, which trades at 15.4 times 12-month forward earnings, isn't nearly as cheap as it looks. Goldman Sachs' David Kostin notes that if S&P 500 companies earn $239 and trade at 17 times, the index would trade at 4165, up 13% from Friday's close. That's the optimistic case.But if 2023 earnings come in lower -- say, at $225 -- and the price/earnings ratio slips to 14, the index could trade down to 3150, off 14% from Friday's close. \"Investors looking for value opportunities should consider both valuations and potential downside risk to earnings estimates,\" he writes.Still, it isn't the end of the world. Jim Stack, president of InvesTech Research, took equity exposure down to 44% this past week, his most defensive portfolio since the tech bubble in 2000. He doesn't sound down about it. Instead, he's looking ahead. \"The 'good news' is that this will ultimately lead to one of the best buying opportunities in decades, \" he writes. \"But for now, patience is paramount.\"It may take time, but the market will get that winning feeling once again. Bet on it.","news_type":1},"isVote":1,"tweetType":1,"viewCount":148,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":374978935,"gmtCreate":1619413534827,"gmtModify":1634273662795,"author":{"id":"3567410774681125","authorId":"3567410774681125","name":"巧蓁","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567410774681125","authorIdStr":"3567410774681125"},"themes":[],"htmlText":"I feel Square is better ! !&nbsp;","listText":"I feel Square is better ! !&nbsp;","text":"I feel Square is better ! !","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/374978935","repostId":"2130939302","repostType":4,"repost":{"id":"2130939302","pubTimestamp":1619408944,"share":"https://www.laohu8.com/m/news/2130939302?lang=&edition=full","pubTime":"2021-04-26 11:49","market":"us","language":"en","title":"Better Fintech Stock: Coinbase vs. Square","url":"https://stock-news.laohu8.com/highlight/detail?id=2130939302","media":"Motley Fool","summary":"Is America's top cryptocurrency exchange a better bet than Jack Dorsey's growing fintech company?","content":"<p><b>Coinbase </b>(NASDAQ:COIN), a cryptocurrency exchange platform founded nearly nine years ago, went public via a direct listing on April 14. The stock opened at $381 per share, well above its reference price of $250, and closed at $328 on the first day, which valued the company at nearly $86 billion.</p>\n<p>However, the stock subsequently fell to the low $290s as<b> bitcoin</b>'s (CRYPTO:BTC) price tumbled. Its current market cap of $58 billion still values the company at 45 times last year's sales, which makes it pricier than many other fintech stocks.</p>\n<p>Should investors take a chance on Coinbase, or should they stick with <b>Square</b> (NYSE:SQ), a more diversified fintech player that also lets its users buy and sell bitcoin?</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d05f2781e1a80f2f90f92c5e4cec93ce\" tg-width=\"700\" tg-height=\"419\"><span>Image source: Getty Images.</span></p>\n<h2>Coinbase is an all-in bet on cryptocurrencies</h2>\n<p>Coinbase is the largest cryptocurrency exchange in the U.S. by trading volume. Its median trading volume rose 24% to $21 billion in 2019, then surged another 81% to $38 billion in 2020.</p>\n<p>Its platforms allow mainstream users, professional traders, and institutional investors to buy and trade a wide range of cryptocurrencies. It also provides an online wallet for storing cryptocurrencies, a <b><a href=\"https://laohu8.com/S/V\">Visa</a></b> debit card for crypto transactions, crypto-processing services for merchants, and a digital stablecoin pegged to the U.S. dollar.</p>\n<p>Coinbase generates most of its revenue from transaction fees. Its total revenue rose 144% to $1.3 billion in 2020. It generated a net profit of $322.3 million, compared to a net loss of $30.4 million in 2019, while its adjusted EBITDA surged nearly 22 times to $527.4 million.</p>\n<p>Those growth rates coincide with the explosive growth of bitcoin, <b>Ethereum</b>&nbsp;(CRYPTO:ETH),<b> Litecoin</b> (CRYPTO:LTC), and other cryptocurrencies over the past year:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ac99eafc0a2e3bab023e70e42c93f230\" tg-width=\"720\" tg-height=\"452\"><span>Source: YCharts</span></p>\n<p>If those prices keep rising, Coinbase might represent a balanced investment on the broader cryptocurrency market. But if those prices decline, Coinbase will face a brutal slowdown. Competition from other crypto trading apps -- including Square's Cash App, <b><a href=\"https://laohu8.com/S/PYPL\">PayPal</a></b>'s (NASDAQ:PYPL) Venmo, and Robinhood -- could also impact its ability to raise fees.</p>\n<h2>Square is a more balanced play on digital payments</h2>\n<p>Square's core platform processes mobile, online, and point of sale (POS) payments for merchants. It also sells POS systems that tether businesses to its cloud-based seller services, which include tools for managing online orders, payroll, analytics, and more.</p>\n<p>For consumers, Square offers the Cash App, a peer-to-peer payments app that also offers bitcoin purchases and free stock trades. The Cash App serves more than 36 million monthly active users, many of whom use its linked Visa-branded Cash Card for debit card purchases.</p>\n<p>Square's revenue surged 101% to&nbsp;$9.5 billion in 2020, even as business closures throughout the pandemic throttled the growth of its seller-facing businesses. But soaring sales of bitcoin on the Cash App, which increased <i>roughly nine times</i> year-over-year to $4.6 billion, offset that slowdown.</p>\n<p>Square only generated a 2% gross profit on its Bitcoin sales, so its adjusted earnings rose just 5% for the year as its lower-margin bitcoin revenue squeezed its margins. Its adjusted EBITDA grew 14% to $474 million.</p>\n<p>Square's margins should expand again this year as more businesses reopen and reduce its dependence on bitcoin purchases. However, Square still faces rising competition in the online payments space from PayPal and Europe's <b>Adyen</b>, while PayPal's recent addition of cryptocurrency purchases to Venmo could help it catch up to Cash.</p>\n<h2>It's a simple choice</h2>\n<p>Coinbase is a diversified way to invest in the cryptocurrency market, but it's too speculative for my taste. Wall Street thinks Coinbase's revenue could quadruple this year if cryptocurrency prices continue to rise -- but I believe crafting long-term forecasts for cryptocurrencies is a futile effort.</p>\n<p>I'd rather stick with Square, which provides some exposure to the cryptocurrency market but generates most of its profits from seller-based services. Analysts still expect Square's revenue and earnings to both rise nearly 50% this year.</p>\n<p>Square's stock isn't cheap at 129 times forward earnings and eight times this year's sales, but it's a much safer and more balanced way to profit from the expansion of the fintech market than Coinbase.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Better Fintech Stock: Coinbase vs. Square</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBetter Fintech Stock: Coinbase vs. Square\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-26 11:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/04/25/better-fintech-stock-coinbase-vs-square/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Coinbase (NASDAQ:COIN), a cryptocurrency exchange platform founded nearly nine years ago, went public via a direct listing on April 14. The stock opened at $381 per share, well above its reference ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/04/25/better-fintech-stock-coinbase-vs-square/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SQ":"Block","COIN":"Coinbase Global, Inc."},"source_url":"https://www.fool.com/investing/2021/04/25/better-fintech-stock-coinbase-vs-square/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2130939302","content_text":"Coinbase (NASDAQ:COIN), a cryptocurrency exchange platform founded nearly nine years ago, went public via a direct listing on April 14. The stock opened at $381 per share, well above its reference price of $250, and closed at $328 on the first day, which valued the company at nearly $86 billion.\nHowever, the stock subsequently fell to the low $290s as bitcoin's (CRYPTO:BTC) price tumbled. Its current market cap of $58 billion still values the company at 45 times last year's sales, which makes it pricier than many other fintech stocks.\nShould investors take a chance on Coinbase, or should they stick with Square (NYSE:SQ), a more diversified fintech player that also lets its users buy and sell bitcoin?\nImage source: Getty Images.\nCoinbase is an all-in bet on cryptocurrencies\nCoinbase is the largest cryptocurrency exchange in the U.S. by trading volume. Its median trading volume rose 24% to $21 billion in 2019, then surged another 81% to $38 billion in 2020.\nIts platforms allow mainstream users, professional traders, and institutional investors to buy and trade a wide range of cryptocurrencies. It also provides an online wallet for storing cryptocurrencies, a Visa debit card for crypto transactions, crypto-processing services for merchants, and a digital stablecoin pegged to the U.S. dollar.\nCoinbase generates most of its revenue from transaction fees. Its total revenue rose 144% to $1.3 billion in 2020. It generated a net profit of $322.3 million, compared to a net loss of $30.4 million in 2019, while its adjusted EBITDA surged nearly 22 times to $527.4 million.\nThose growth rates coincide with the explosive growth of bitcoin, Ethereum (CRYPTO:ETH), Litecoin (CRYPTO:LTC), and other cryptocurrencies over the past year:\nSource: YCharts\nIf those prices keep rising, Coinbase might represent a balanced investment on the broader cryptocurrency market. But if those prices decline, Coinbase will face a brutal slowdown. Competition from other crypto trading apps -- including Square's Cash App, PayPal's (NASDAQ:PYPL) Venmo, and Robinhood -- could also impact its ability to raise fees.\nSquare is a more balanced play on digital payments\nSquare's core platform processes mobile, online, and point of sale (POS) payments for merchants. It also sells POS systems that tether businesses to its cloud-based seller services, which include tools for managing online orders, payroll, analytics, and more.\nFor consumers, Square offers the Cash App, a peer-to-peer payments app that also offers bitcoin purchases and free stock trades. The Cash App serves more than 36 million monthly active users, many of whom use its linked Visa-branded Cash Card for debit card purchases.\nSquare's revenue surged 101% to $9.5 billion in 2020, even as business closures throughout the pandemic throttled the growth of its seller-facing businesses. But soaring sales of bitcoin on the Cash App, which increased roughly nine times year-over-year to $4.6 billion, offset that slowdown.\nSquare only generated a 2% gross profit on its Bitcoin sales, so its adjusted earnings rose just 5% for the year as its lower-margin bitcoin revenue squeezed its margins. Its adjusted EBITDA grew 14% to $474 million.\nSquare's margins should expand again this year as more businesses reopen and reduce its dependence on bitcoin purchases. However, Square still faces rising competition in the online payments space from PayPal and Europe's Adyen, while PayPal's recent addition of cryptocurrency purchases to Venmo could help it catch up to Cash.\nIt's a simple choice\nCoinbase is a diversified way to invest in the cryptocurrency market, but it's too speculative for my taste. Wall Street thinks Coinbase's revenue could quadruple this year if cryptocurrency prices continue to rise -- but I believe crafting long-term forecasts for cryptocurrencies is a futile effort.\nI'd rather stick with Square, which provides some exposure to the cryptocurrency market but generates most of its profits from seller-based services. Analysts still expect Square's revenue and earnings to both rise nearly 50% this year.\nSquare's stock isn't cheap at 129 times forward earnings and eight times this year's sales, but it's a much safer and more balanced way to profit from the expansion of the fintech market than Coinbase.","news_type":1},"isVote":1,"tweetType":1,"viewCount":55,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":375271835,"gmtCreate":1619354959827,"gmtModify":1634274050311,"author":{"id":"3567410774681125","authorId":"3567410774681125","name":"巧蓁","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567410774681125","authorIdStr":"3567410774681125"},"themes":[],"htmlText":"TSM is better!","listText":"TSM is better!","text":"TSM is better!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/375271835","repostId":"2129645183","repostType":4,"repost":{"id":"2129645183","pubTimestamp":1619337627,"share":"https://www.laohu8.com/m/news/2129645183?lang=&edition=full","pubTime":"2021-04-25 16:00","market":"us","language":"en","title":"Better Buy: Intel vs. Micron Technology","url":"https://stock-news.laohu8.com/highlight/detail?id=2129645183","media":"Motley Fool","summary":"Does the venerable CPU maker or the memory chip giant offer more investor potential?","content":"<p>Chips made by both <b>Intel </b>(NASDAQ:INTC) and <b>Micron Technology </b>(NASDAQ:MU) have long bolstered the tech industry and continue to do so today. Nonetheless, even though investors classify both as semiconductor stocks, Intel specializes in central processing units (CPUs), while Micron makes memory chips. This difference affects how each stock responds to the market forces and could make <a href=\"https://laohu8.com/S/AONE\">one</a> of these stocks the clear choice for a long-term investment.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e1c93ee1b6f8a047e9771341718aae2f\" tg-width=\"700\" tg-height=\"466\"><span>Image source: Getty Images.</span></p>\n<h2>Intel</h2>\n<p>Intel remains a prominent player in the CPU market. For all of the recent focus on <b><a href=\"https://laohu8.com/S/AMD\">AMD</a> </b>(NASDAQ:AMD), Intel generated nearly eight times as much revenue in 2020, $77.9 billion versus just $9.8 billion for AMD.</p>\n<p>Still, as AMD took a technical lead in the market, Intel lost much of its prestige. The company that makes AMD's processors, <b>Taiwan Semiconductor </b>(TSMC), has built a leadership position in producing 7nm chips, a feat Intel cannot yet match. Intel had even turned to TSMC in some cases to produce chips.</p>\n<p>However, former CTO Pat Gelsinger returned to the company to take the CEO position. Unlike his predecessor, Gelsinger has an engineering background and helped to design the 80486 processor. Additionally, Gelsinger expressed an interest in reviving Intel's foundries. This could play into Intel's hands as industry observers grow concerned about the lack of production growth within the United States. The U.S. produces just under 13% of the world's semiconductors.</p>\n<p>When Intel led the chip industry, it worked on two-year \"tick-tock\" cycles. This means Intel would improve the chip-building process in the tick years and make upgrades in the tock years. In recent years, Intel slowed this cycle while AMD tackled development and upgrades simultaneously. Now, Intel may have to follow or surpass AMD in this area to compete. Additionally, chip development cycles typically take three to five years. Hence, investors will not know anytime soon whether Gelsinger's turnaround efforts will succeed.</p>\n<p>Gelsinger will also have to drive more revenue growth. Revenue increased 8% in fiscal 2020 on higher demand for chips during the pandemic. Still, net income fell by 1% as Intel paid an additional $1.2 billion in taxes compared with the previous year. Furthermore, revenue fell 1% in the fourth quarter compared with Q4 2019. As a result, rising operating expenses and taxes led to quarterly net income falling 15% during that period.</p>\n<p>This may explain the meager 5% growth in Intel stock over the last year. At a price-to-earnings (P/E) ratio of 13, it also significantly lags AMD's 40 earnings multiple. Still, even amid troubles, Intel stock has doubled in the last five years. If it can foster a comeback and match AMD's P/E ratio, it could experience a considerable surge higher.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/22ab98002df2105ed0f90d7270d01973\" tg-width=\"720\" tg-height=\"419\"><span>INTC data by YCharts</span></p>\n<h2>Micron</h2>\n<p>At first glance, the question of whether to consider Micron Technology stock a buy appears obvious. Memory chip prices shot upward amid a pandemic that brought about higher chip demand and foundry shutdowns. This has sent Micron surging higher as the chip shortage continues.</p>\n<p>Moreover, Micron is <a href=\"https://laohu8.com/S/AONE.U\">one</a> of only three companies in the world to produce DRAM memory chips, which make up 68% of Micron's revenue. Most of its remaining revenue comes from the NAND, or flash chip, market. Many more companies compete in the NAND market, including Intel.</p>\n<p>Higher memory chip demand helped Micron grow its revenue by 21% in the first six months of 2021 compared with the first six months of 2020. During that period, net income rose by 54% as the company limited the growth in operating expenses to 5%.</p>\n<p>However, investors who focus only on the last six months miss a 25-year trend in Micron stock. Micron tends to grow in times of high memory prices. Conversely, when memory prices crash, Micron stock has historically plunged on lower profits or outright losses. As a result, Micron lost 35% of its value between 1996 and 2016.</p>\n<p>Admittedly, the trend has become less extreme in recent years. Today, applications such as artificial intelligence, virtual reality, the Internet of Things, and other applications rely on memory chips. The fact that the memory market no longer relies on just PCs altered the cycle. Its 710% growth rate over the last five years far surpassed Intel's surge. Now, at about $90 per share, Micron is approaching its highest levels since the dot-com bubble of 2000.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8f9cd05f7503d4c8089a4f72de3da390\" tg-width=\"720\" tg-height=\"419\"><span>MU data by YCharts</span></p>\n<p>Today, the current P/E ratio stands at around 31. While that places the multiple near 52-week highs, the multiple comes in well below the valuation peak of just above 50 in 2017, indicating the possibility of further upside.</p>\n<p>Still, memory prices continue to drive Micron stock. Micron lost about half of its value in 2018 when the crash in <b>Bitcoin </b>and other cryptocurrencies wiped out demand for memory chips. This took the stock to a single-digit P/E ratio, and given the stock's history, investors should probably approach the current price with caution rather than elation.</p>\n<h2>Intel or Micron?</h2>\n<p>Both stocks involve significant risks. Intel could fail to catch up to AMD, and Micron could plunge if chip demand falls. Still, considering the historical behavior of both stocks, Intel looks like the more promising investment decision.</p>\n<p>Admittedly, Micron stock dramatically outperformed Intel in recent years. Still, Micron has historically acted as a proxy for memory prices, pointing to a likely stock swoon when memory prices crash. Conversely, Intel supports a low P/E ratio, and the potential downside appears limited. If Gelsinger turns Intel around, the sustainable growth of past decades could return.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Better Buy: Intel vs. Micron Technology</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBetter Buy: Intel vs. Micron Technology\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-25 16:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/04/24/better-buy-intel-vs-micron-technology/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Chips made by both Intel (NASDAQ:INTC) and Micron Technology (NASDAQ:MU) have long bolstered the tech industry and continue to do so today. Nonetheless, even though investors classify both as ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/04/24/better-buy-intel-vs-micron-technology/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"INTC":"英特尔","MU":"美光科技"},"source_url":"https://www.fool.com/investing/2021/04/24/better-buy-intel-vs-micron-technology/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2129645183","content_text":"Chips made by both Intel (NASDAQ:INTC) and Micron Technology (NASDAQ:MU) have long bolstered the tech industry and continue to do so today. Nonetheless, even though investors classify both as semiconductor stocks, Intel specializes in central processing units (CPUs), while Micron makes memory chips. This difference affects how each stock responds to the market forces and could make one of these stocks the clear choice for a long-term investment.\nImage source: Getty Images.\nIntel\nIntel remains a prominent player in the CPU market. For all of the recent focus on AMD (NASDAQ:AMD), Intel generated nearly eight times as much revenue in 2020, $77.9 billion versus just $9.8 billion for AMD.\nStill, as AMD took a technical lead in the market, Intel lost much of its prestige. The company that makes AMD's processors, Taiwan Semiconductor (TSMC), has built a leadership position in producing 7nm chips, a feat Intel cannot yet match. Intel had even turned to TSMC in some cases to produce chips.\nHowever, former CTO Pat Gelsinger returned to the company to take the CEO position. Unlike his predecessor, Gelsinger has an engineering background and helped to design the 80486 processor. Additionally, Gelsinger expressed an interest in reviving Intel's foundries. This could play into Intel's hands as industry observers grow concerned about the lack of production growth within the United States. The U.S. produces just under 13% of the world's semiconductors.\nWhen Intel led the chip industry, it worked on two-year \"tick-tock\" cycles. This means Intel would improve the chip-building process in the tick years and make upgrades in the tock years. In recent years, Intel slowed this cycle while AMD tackled development and upgrades simultaneously. Now, Intel may have to follow or surpass AMD in this area to compete. Additionally, chip development cycles typically take three to five years. Hence, investors will not know anytime soon whether Gelsinger's turnaround efforts will succeed.\nGelsinger will also have to drive more revenue growth. Revenue increased 8% in fiscal 2020 on higher demand for chips during the pandemic. Still, net income fell by 1% as Intel paid an additional $1.2 billion in taxes compared with the previous year. Furthermore, revenue fell 1% in the fourth quarter compared with Q4 2019. As a result, rising operating expenses and taxes led to quarterly net income falling 15% during that period.\nThis may explain the meager 5% growth in Intel stock over the last year. At a price-to-earnings (P/E) ratio of 13, it also significantly lags AMD's 40 earnings multiple. Still, even amid troubles, Intel stock has doubled in the last five years. If it can foster a comeback and match AMD's P/E ratio, it could experience a considerable surge higher.\nINTC data by YCharts\nMicron\nAt first glance, the question of whether to consider Micron Technology stock a buy appears obvious. Memory chip prices shot upward amid a pandemic that brought about higher chip demand and foundry shutdowns. This has sent Micron surging higher as the chip shortage continues.\nMoreover, Micron is one of only three companies in the world to produce DRAM memory chips, which make up 68% of Micron's revenue. Most of its remaining revenue comes from the NAND, or flash chip, market. Many more companies compete in the NAND market, including Intel.\nHigher memory chip demand helped Micron grow its revenue by 21% in the first six months of 2021 compared with the first six months of 2020. During that period, net income rose by 54% as the company limited the growth in operating expenses to 5%.\nHowever, investors who focus only on the last six months miss a 25-year trend in Micron stock. Micron tends to grow in times of high memory prices. Conversely, when memory prices crash, Micron stock has historically plunged on lower profits or outright losses. As a result, Micron lost 35% of its value between 1996 and 2016.\nAdmittedly, the trend has become less extreme in recent years. Today, applications such as artificial intelligence, virtual reality, the Internet of Things, and other applications rely on memory chips. The fact that the memory market no longer relies on just PCs altered the cycle. Its 710% growth rate over the last five years far surpassed Intel's surge. Now, at about $90 per share, Micron is approaching its highest levels since the dot-com bubble of 2000.\nMU data by YCharts\nToday, the current P/E ratio stands at around 31. While that places the multiple near 52-week highs, the multiple comes in well below the valuation peak of just above 50 in 2017, indicating the possibility of further upside.\nStill, memory prices continue to drive Micron stock. Micron lost about half of its value in 2018 when the crash in Bitcoin and other cryptocurrencies wiped out demand for memory chips. This took the stock to a single-digit P/E ratio, and given the stock's history, investors should probably approach the current price with caution rather than elation.\nIntel or Micron?\nBoth stocks involve significant risks. Intel could fail to catch up to AMD, and Micron could plunge if chip demand falls. Still, considering the historical behavior of both stocks, Intel looks like the more promising investment decision.\nAdmittedly, Micron stock dramatically outperformed Intel in recent years. Still, Micron has historically acted as a proxy for memory prices, pointing to a likely stock swoon when memory prices crash. Conversely, Intel supports a low P/E ratio, and the potential downside appears limited. If Gelsinger turns Intel around, the sustainable growth of past decades could return.","news_type":1},"isVote":1,"tweetType":1,"viewCount":44,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":373604452,"gmtCreate":1618841290476,"gmtModify":1634290463747,"author":{"id":"3567410774681125","authorId":"3567410774681125","name":"巧蓁","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567410774681125","authorIdStr":"3567410774681125"},"themes":[],"htmlText":"Netflix!!&nbsp;","listText":"Netflix!!&nbsp;","text":"Netflix!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/373604452","repostId":"1114523776","repostType":4,"isVote":1,"tweetType":1,"viewCount":25,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":346333096,"gmtCreate":1617988130115,"gmtModify":1634295346438,"author":{"id":"3567410774681125","authorId":"3567410774681125","name":"巧蓁","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567410774681125","authorIdStr":"3567410774681125"},"themes":[],"htmlText":"Netflix good stock. Like and comment please","listText":"Netflix good stock. Like and comment please","text":"Netflix good stock. Like and comment please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/346333096","repostId":"2126315033","repostType":4,"repost":{"id":"2126315033","pubTimestamp":1617981660,"share":"https://www.laohu8.com/m/news/2126315033?lang=&edition=full","pubTime":"2021-04-09 23:21","market":"us","language":"en","title":"Netflix Grabs Sony's Pay-TV Movie Deal From Starz","url":"https://stock-news.laohu8.com/highlight/detail?id=2126315033","media":"Anders Bylund","summary":"Most Hollywood studios have started their own streaming services to compete in the evolving media market. Sony picked a well-established partner instead.","content":"<p>Video-streaming veteran <b>Netflix</b> (NASDAQ:NFLX) just signed a multiyear content deal with <b>Sony</b> (NYSE:SNE) Pictures Entertainment. Starting in 2022, Sony will move its exclusive pay-TV distribution window from longtime partner <a href=\"https://laohu8.com/S/STRZA\">Starz</a> to Netflix, putting the studio's theatrical releases on Netflix's global streaming platform.</p><p>Sony and Netflix already had a streaming agreement for animated content, but this deal expands that partnership to all genres and production types. Titles making their home entertainment premiere in 2022 on Netflix rather than <b>Lions Gate Entertainment</b> (NYSE:LGF-A) (NYSE:LGF-B) subsidiary <a href=\"https://laohu8.com/S/STRZB\">Starz</a> will include the Brad Pitt thriller <i>Bullet Train</i>, the ensemble-cast action movie <i>Uncharted</i>, and the Reese Witherspoon-produced murder drama <i>Where the Crawdads Sing</i>.</p><p><img src=\"https://static.tigerbbs.com/9243727dc46ddf4fb557f7d44eef1325\" tg-width=\"700\" tg-height=\"534\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><p>Netflix will also distribute future titles in Sony's established film franchises such as <i>Venom</i>, <i>Jumanji</i>, and <i>Bad Boys</i>, as well as any other new projects that Sony's several studio brands may come up with. The deal also allows licensing rights for Netflix to show some titles from Sony's enormous back catalog.</p><p>Furthermore, Netflix gets \"first look\" privilege to consider developing any direct-to-streaming titles Sony's studios may develop during this agreement.&nbsp;Netflix has committed to releasing an undisclosed minimum number of such productions, which will add exclusive Sony/Netflix content on top of Sony's continuing theatrical productions.</p><p>The terms of the deal were not disclosed, but Netflix's payments to Sony should be \"record setting\" for a pay-TV distribution window, according to <i>Variety</i>'s anonymous insider sources.</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>Netflix Grabs Sony's Pay-TV Movie Deal From Starz</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\">\nNetflix Grabs Sony's Pay-TV Movie Deal From Starz\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-09 23:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/04/09/netflix-grabs-sonys-pay-tv-movie-deal-from-starz/><strong>Anders Bylund</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Video-streaming veteran Netflix (NASDAQ:NFLX) just signed a multiyear content deal with Sony (NYSE:SNE) Pictures Entertainment. Starting in 2022, Sony will move its exclusive pay-TV distribution ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/04/09/netflix-grabs-sonys-pay-tv-movie-deal-from-starz/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"QNETCN":"纳斯达克中美互联网老虎指数","NFLX":"奈飞"},"source_url":"https://www.fool.com/investing/2021/04/09/netflix-grabs-sonys-pay-tv-movie-deal-from-starz/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2126315033","content_text":"Video-streaming veteran Netflix (NASDAQ:NFLX) just signed a multiyear content deal with Sony (NYSE:SNE) Pictures Entertainment. Starting in 2022, Sony will move its exclusive pay-TV distribution window from longtime partner Starz to Netflix, putting the studio's theatrical releases on Netflix's global streaming platform.Sony and Netflix already had a streaming agreement for animated content, but this deal expands that partnership to all genres and production types. Titles making their home entertainment premiere in 2022 on Netflix rather than Lions Gate Entertainment (NYSE:LGF-A) (NYSE:LGF-B) subsidiary Starz will include the Brad Pitt thriller Bullet Train, the ensemble-cast action movie Uncharted, and the Reese Witherspoon-produced murder drama Where the Crawdads Sing.Image source: Getty Images.Netflix will also distribute future titles in Sony's established film franchises such as Venom, Jumanji, and Bad Boys, as well as any other new projects that Sony's several studio brands may come up with. The deal also allows licensing rights for Netflix to show some titles from Sony's enormous back catalog.Furthermore, Netflix gets \"first look\" privilege to consider developing any direct-to-streaming titles Sony's studios may develop during this agreement. Netflix has committed to releasing an undisclosed minimum number of such productions, which will add exclusive Sony/Netflix content on top of Sony's continuing theatrical productions.The terms of the deal were not disclosed, but Netflix's payments to Sony should be \"record setting\" for a pay-TV distribution window, according to Variety's anonymous insider sources.","news_type":1},"isVote":1,"tweetType":1,"viewCount":286,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":346330678,"gmtCreate":1617987800594,"gmtModify":1634295347381,"author":{"id":"3567410774681125","authorId":"3567410774681125","name":"巧蓁","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567410774681125","authorIdStr":"3567410774681125"},"themes":[],"htmlText":"Wait for coinbase","listText":"Wait for coinbase","text":"Wait for coinbase","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/346330678","repostId":"1168300924","repostType":4,"repost":{"id":"1168300924","pubTimestamp":1617955250,"share":"https://www.laohu8.com/m/news/1168300924?lang=&edition=full","pubTime":"2021-04-09 16:00","market":"us","language":"en","title":"Next Week’s IPO Lineup Is Growing. It Could Be Busy.","url":"https://stock-news.laohu8.com/highlight/detail?id=1168300924","media":"barrons","summary":"The second week of April is shaping up to be a relatively strong time for the IPO market. As many as four more companies are making their stock-market debuts, bringing the total to at least six.Coinbase, the largest U.S. cryptocurrency exchange,is slated to open for trading on Wednesday, April 14. Applovin and TuSimple are listing the next day, three people familiar with the situation said. Agilon Health ismaking its debut that Thursday.And Alkami Technology,a bank software company, and Karat Pa","content":"<p>The second week of April is shaping up to be a relatively strong time for the IPO market. As many as four more companies are making their stock-market debuts, bringing the total to at least six.</p><p>Coinbase, the largest U.S. cryptocurrency exchange,is slated to open for trading on Wednesday, April 14. Applovin and TuSimple are listing the next day, three people familiar with the situation said. Agilon Health ismaking its debut that Thursday.</p><p>And Alkami Technology,a bank software company, and Karat Packaging, whichmakes environmentally-friendly disposable food service products, are also reportedly going public.</p><p>This week, by way of contrast, two companies, Reneo Pharmaceuticals and VectivBio Holding, are listing. Both are small biotech companies that areslated to begin trading on the Nasdaq on Friday.</p><p>Applovin on Wednesday set terms for its initial public offering. It is offering 25 million shares at $75 to $85 each, which means it could raise as much as $2.13 billion if the stock sells at the high end of that range. The company plans to trade on the Nasdaq under the symbol APP.</p><p>Eighteen underwriters are listed in the Applovin prospectus, includingMorgan Stanley(ticker: MS),JPMorgan Chase(JPM),KKR,&nbsp;Bank of America‘s (BAC) BofA Securities, andCitigroup(C).</p><p>Founded in 2012, Applovin&nbsp;provides software&nbsp;used by mobile-game developers to grow their businesses.&nbsp; Some 410 million people a day open apps that contain Applovin software, according to the company. Applovin also has a portfolio of more than 200 free-to-play mobile games with 32 million daily users.</p><p>In 2018, KKRbought a minority stakein Applovin for $400 million, valuing Applovin at $2 billion at the time. Applovin in February acquired Adjust, a firm that helps mobile-app developers measure the performance of apps and prevent fraud, for $1 billion. KKR will own 67.4% of the company after the IPO, theprospectus said.</p><p>With 357,955,309 shares outstanding, Applovin’s market capitalization could hit $30 billion.</p><p>TuSimple also set terms for its IPO. The self-driving technology company could raise as much as $1.3 billion; it is offering nearly 34 million shares at $35 to $39 each. It will trade on the Nasdaq under the ticker TSP.</p><p>Morgan Stanley(MS),Citigroup,and J.P. Morgan (JPM) are lead bookrunners on the deal.</p><p>Founded in 2015, TuSimple is looking to transform the $800 billion trucking industry. The San Diego company, which has plants in Tucson, Shanghai, and Beijing, in addition to operations in Japan, is developing an autonomous freight network for long-haul, semi-trucks that it says will increase efficiency and safety on the road, while cutting operating costs.</p><p>TuSimple develops software for the Level 4 self-driving, long-haul trucks, which can see up to 1,000 meters away, equivalent to 30 seconds of driving time. High-definition maps provide accuracy within five centimeters.</p><p>The company is partnering withNavistar(NAV) to develop trucks for the North American market by 2024,its prospectus said. TuSimple has another partnership withVolkswagensubsidiary TRATON for trucks in Europe. Navistar, TRATON, and United Parcel Service (UPS) are all investors.</p><p>TuSimple has raised $800 million in funding, including a $350 million round in November led by VectoIQ.BlackRock(BR), Fidelity Management &amp; Research Co and Capital Group are in talks to buy up to 10.1 million TuSimple shares at the IPO price, the prospectus said.</p><p>The company will have 212,263,328 shares outstanding, meaning TuSimple’s market cap could climb to $8.3 billion. TuSimple, however, is not profitable. Losses widened to $177.9 million in 2020 from $84.9 million in 2019. Revenue jumped nearly 160% to $1.8 million in 2020.</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>Next Week’s IPO Lineup Is Growing. It Could Be Busy.</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\">\nNext Week’s IPO Lineup Is Growing. It Could Be Busy.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-09 16:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/next-weeks-ipo-lineup-is-growing-it-could-be-busy-51617907448?mod=hp_LEAD_1_B_2><strong>barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The second week of April is shaping up to be a relatively strong time for the IPO market. As many as four more companies are making their stock-market debuts, bringing the total to at least six....</p>\n\n<a href=\"https://www.barrons.com/articles/next-weeks-ipo-lineup-is-growing-it-could-be-busy-51617907448?mod=hp_LEAD_1_B_2\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"APP":"AppLovin Corporation","ALKT":"Alkami Technology, Inc.","VECT":"VectivBio Holding AG","KRT":"Karat Packaging Inc.","COIN":"Coinbase Global, Inc."},"source_url":"https://www.barrons.com/articles/next-weeks-ipo-lineup-is-growing-it-could-be-busy-51617907448?mod=hp_LEAD_1_B_2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1168300924","content_text":"The second week of April is shaping up to be a relatively strong time for the IPO market. As many as four more companies are making their stock-market debuts, bringing the total to at least six.Coinbase, the largest U.S. cryptocurrency exchange,is slated to open for trading on Wednesday, April 14. Applovin and TuSimple are listing the next day, three people familiar with the situation said. Agilon Health ismaking its debut that Thursday.And Alkami Technology,a bank software company, and Karat Packaging, whichmakes environmentally-friendly disposable food service products, are also reportedly going public.This week, by way of contrast, two companies, Reneo Pharmaceuticals and VectivBio Holding, are listing. Both are small biotech companies that areslated to begin trading on the Nasdaq on Friday.Applovin on Wednesday set terms for its initial public offering. It is offering 25 million shares at $75 to $85 each, which means it could raise as much as $2.13 billion if the stock sells at the high end of that range. The company plans to trade on the Nasdaq under the symbol APP.Eighteen underwriters are listed in the Applovin prospectus, includingMorgan Stanley(ticker: MS),JPMorgan Chase(JPM),KKR, Bank of America‘s (BAC) BofA Securities, andCitigroup(C).Founded in 2012, Applovin provides software used by mobile-game developers to grow their businesses.  Some 410 million people a day open apps that contain Applovin software, according to the company. Applovin also has a portfolio of more than 200 free-to-play mobile games with 32 million daily users.In 2018, KKRbought a minority stakein Applovin for $400 million, valuing Applovin at $2 billion at the time. Applovin in February acquired Adjust, a firm that helps mobile-app developers measure the performance of apps and prevent fraud, for $1 billion. KKR will own 67.4% of the company after the IPO, theprospectus said.With 357,955,309 shares outstanding, Applovin’s market capitalization could hit $30 billion.TuSimple also set terms for its IPO. The self-driving technology company could raise as much as $1.3 billion; it is offering nearly 34 million shares at $35 to $39 each. It will trade on the Nasdaq under the ticker TSP.Morgan Stanley(MS),Citigroup,and J.P. Morgan (JPM) are lead bookrunners on the deal.Founded in 2015, TuSimple is looking to transform the $800 billion trucking industry. The San Diego company, which has plants in Tucson, Shanghai, and Beijing, in addition to operations in Japan, is developing an autonomous freight network for long-haul, semi-trucks that it says will increase efficiency and safety on the road, while cutting operating costs.TuSimple develops software for the Level 4 self-driving, long-haul trucks, which can see up to 1,000 meters away, equivalent to 30 seconds of driving time. High-definition maps provide accuracy within five centimeters.The company is partnering withNavistar(NAV) to develop trucks for the North American market by 2024,its prospectus said. TuSimple has another partnership withVolkswagensubsidiary TRATON for trucks in Europe. Navistar, TRATON, and United Parcel Service (UPS) are all investors.TuSimple has raised $800 million in funding, including a $350 million round in November led by VectoIQ.BlackRock(BR), Fidelity Management & Research Co and Capital Group are in talks to buy up to 10.1 million TuSimple shares at the IPO price, the prospectus said.The company will have 212,263,328 shares outstanding, meaning TuSimple’s market cap could climb to $8.3 billion. TuSimple, however, is not profitable. Losses widened to $177.9 million in 2020 from $84.9 million in 2019. Revenue jumped nearly 160% to $1.8 million in 2020.","news_type":1},"isVote":1,"tweetType":1,"viewCount":58,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":348586418,"gmtCreate":1617941692334,"gmtModify":1634295616190,"author":{"id":"3567410774681125","authorId":"3567410774681125","name":"巧蓁","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567410774681125","authorIdStr":"3567410774681125"},"themes":[],"htmlText":"Slightly high price","listText":"Slightly high price","text":"Slightly high price","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/348586418","repostId":"1197846121","repostType":4,"repost":{"id":"1197846121","pubTimestamp":1617939719,"share":"https://www.laohu8.com/m/news/1197846121?lang=&edition=full","pubTime":"2021-04-09 11:41","market":"us","language":"en","title":"Is Facebook Still At A Buy Point?","url":"https://stock-news.laohu8.com/highlight/detail?id=1197846121","media":"seekingalpha","summary":"SummaryFacebook's share price has reached a new all-time high, but we believe they are attractively-","content":"<p><b>Summary</b></p><ul><li>Facebook's share price has reached a new all-time high, but we believe they are attractively-priced even now.</li><li>With Facebook shares at approx. $308, we expect an exit price of $467 and a total return of 52% (11.8% annualized) in just under 4 years.</li><li>Our first key assumption is a long-term mid-teens EPS CAGR, supported by Facebook's strong revenue growth and potential margin expansion.</li><li>Our second key assumption is a 30x P/E, justified by the quality of earnings and long-term interest rates, even after the recent spike.</li><li>Upcoming events include Q1 results (on April 28), iOS 14 tracking changes, a potential U.S. tax hike and the post-COVID recovery.</li></ul><p><b>Facebook Stock Price at All-Time High</b></p><p>We review Facebook (FB) after shares have just reached a new all-time high, at approx. $308 on Tuesday (April 5) morning.</p><p>Weinitiatedour Buy rating on Facebook in March 2019, and reiterated itmultiple timessince. By Easter weekend, Facebook shares had already risen 74.4%, doubling from the start of 2019 and rising9.3% year-to-date:</p><table><tbody><tr><td><p><i><b>Facebook Share Price vs. Alphabet and S&amp;P 500 (Since 2019)</b></i></p><p><img src=\"https://static.tigerbbs.com/b451d046c2244475a25bad0d58386b73\" tg-width=\"1183\" tg-height=\"440\" referrerpolicy=\"no-referrer\"></p><p><i>Source:Yahoo Finance (04-Apr-21).</i></p></td></tr></tbody></table><p><b>Is Facebook Overvalued?</b></p><p>At $308, Facebook stock is trading at a P/E of 31.3x and a Free Cash Flow (\"FCF\") Yield of 1.6% (net of cash worth 6% of the market capitalization):</p><table><tbody><tr><td><p><b><i>Facebook Net Income, Cashflows &amp; Valuation</i></b></p><p><img src=\"https://static.tigerbbs.com/8ac7117702e1000ac7b6a518a9b3cf16\" tg-width=\"661\" tg-height=\"245\" referrerpolicy=\"no-referrer\"></p><p><i>Source:Facebook company filings.</i></p></td></tr></tbody></table><p>FCF is likely lower than it can be, as Facebook, Inc. has been in investment mode, spending large amounts on both capital expenditure and buybacks to offset stock-based compensation.</p><p>Whether Facebook shares are overvalued depends on the prospective return from the current price. With Facebook shares at approx. $308, our forecasts (which remain unchanged from ourJanuary update) indicate an exit price of $467 and a total return of 52% (11.8% annualized) by 2024 year-end, which mean shares remain attractively-priced:</p><table><tbody><tr><td><p><i><b>Illustrative Facebook Return Forecasts</b></i></p><p><img src=\"https://static.tigerbbs.com/3b156c4063cbd9f139e2866ef53b585e\" tg-width=\"533\" tg-height=\"268\" referrerpolicy=\"no-referrer\"></p><p><i>Source: Librarian Capital estimates.</i></p></td></tr></tbody></table><p>Our return is driven by the 2024 exit price, in turn determined by the 2024 EPS and the exit multiple. The two key assumptions are thus a long-term mid-teens EPS CAGR and a 30x P/E, which we believe reasonable for reasons set out below.</p><p><b>Mid-Teens EPS CAGR Assumption</b></p><p>The mid-teens EPS CAGR assumption is supported by Facebook's record of strong revenue growth and potential margin expansion.</p><p>Revenue growth has been primarily driven by the number of users, the number of ads per user, and the average ad price - all of these remain powerful drivers. Apart from a brief COVID-related interruption in Q1 and Q2 of 2020, year-on-year ad revenue growth is still consistently exceeding 20%:</p><table><tbody><tr><td><p><i><b>Facebook Ad Revenue Growth Y/Y (Since 2017)</b></i></p><p><img src=\"https://static.tigerbbs.com/8f748de2f0be04726d11549d592c5318\" tg-width=\"678\" tg-height=\"257\" referrerpolicy=\"no-referrer\"></p><p><i>Source: Facebook company filings.</i></p></td></tr></tbody></table><p>While the Facebook social network may now be more mature, Instagram is still relatively new, and Facebook is also pursuing initiatives in e-commerce, Augmented Reality, payments, etc. In addition, Facebook has shown the ability to utilize its scale and existing user base as a “fast follower” on products and features, helped sometime by acquisitions (like Instagram and WhatsApp). We are confident that Facebook will continue to grow revenues strongly.</p><p>The mid-teens EPS CAGR assumption is also supported by the potential for margins to expand. We believe Facebook's current profit margin is lower than it can be - while EBIT has grown at double-digits in recent years, this represents a lag behind revenue growth. As Facebook is a platform business with low incremental costs, it should have natural operational leverage, but at present this is held back by intentionally high R&amp;D costs:</p><table><tbody><tr><td><p><i><b>Facebook Revenue &amp; EBIT Growth Y/Y</b></i></p><p><img src=\"https://static.tigerbbs.com/42c96b127facbce91a9adee79572ab9a\" tg-width=\"398\" tg-height=\"273\" referrerpolicy=\"no-referrer\"></p><p><i>Source: Facebook company filings.</i></p></td></tr></tbody></table><p>Actual spending has been consistently lower than guidance, showing the degree of management control over expenses. For example, for 2020, management had guided to $54-59bn of OpEx at the start of the year but ended up at $53bn; likewise, for 2019, management had guided to $43-46bn, but ended up at $42bn. The same pattern is also evident in CapEx.</p><p><b>30x P/E Assumption</b></p><p>The 30x P/E assumption is justified by the quality of Facebook's earnings and long-term interest rates.</p><p>We look at equity valuation through the Equity Risk Premium – equities should pay a premium over the risk-free rate, with the premium determined by the resilience and growth of the earnings.</p><p>For the risk-free rate, despite the recent spike, 10-year U.S. Treasuries still have a yield of 1.7% and 30-year ones have one of 2.4%; the yields have been below 2.5% and 3.0% respectively for most of last 5 years:</p><table><tbody><tr><td><p><i><b>U.S. Treasury Bond Yields</b></i></p><p><img src=\"https://static.tigerbbs.com/c90aec81c8498b6b48199d209d3188bc\" tg-width=\"907\" tg-height=\"179\" referrerpolicy=\"no-referrer\"></p><p><i>Source: Marketwatch (04-Apr-21).</i></p></td></tr></tbody></table><p>Compared to such fixed coupons, a multi-year compounder like Facebook growing at double-digits is attractive even at a 3.3% EPS Yield (i.e. a P/E of 30x). Facebook stock's current 31.3x P/E (on 2020 EPS) is also lower than the multiples for Alphabet (GOOG) and Microsoft (MSFT), both around 36x.</p><p><b>Regulatory &amp; Political Risks Overstated</b></p><p>Regulations and political controversies have been top-of-mind for investors, but these are manageable and may even entrench Facebook's position.</p><p>Facebook has a good record in managing regulatory issues. The European Union's 2018 Global Data Protection Regulation contained wide-ranging rules, yet Facebook's revenues in Europe grew by more than 20% in both 2019 and 2020. The Cambridge Analytica controversy involved the 2016 U.S. presidential election and 50m user profiles, yet Facebook ultimately resolved it with only a $5bn fine in 2019 and still made a $24bn EBIT that year.</p><p>Facebook has actually called for more regulation on content:</p><blockquote>“I don't think each service should individually decide what content or advertising is allowed during elections, or what content is harmful overall. There should be a more democratic process for determining these rules and regulations … That's why I've called for clearer regulation for our industry.” <i>Mark Zuckerberg, Facebook CEO (Q4 2019 earnings call)</i></blockquote><p>Due to Facebook's scale, regulations will be a manageable cost for them, but potentially a barrier for new entrants.</p><p>Facebook's business model - keeping users engaged to show them more ads, knowing enough about users to show them relevant ads - ultimately does not need political content, and Facebook has already been de-emphasizing this:</p><blockquote>“We stopped recommending civic and political groups in the U.S. ahead of the elections … now we plan to keep civic and political groups out of recommendations for the long term, and we plan to expand that policy globally … we're also currently considering steps we could take to reduce the amount of political content in News Feed as well … one of the top pieces of feedback we're hearing from our community right now is that people don't want politics and fighting to take over their experience on our services.” <i>Mark Zuckerberg, Facebook CEO (Q4 2020 earnings call)</i></blockquote><p>Facebook CEO Mark Zuckerberg'stestimony before Congressabout online misinformation in March 2021 passed without incident.</p><p>Facebook is also on strong grounds on anti-trust issues - being free to consumers, almost by definition it cannot cause \"consumer harm\", a key requirement in anti-trust laws in many countries; there is also plenty of choice in digital advertising for businesses.</p><p>Some governments have tried to force Facebook and Alphabet to pay traditional news media for content, but this has also been manageable. In the last few months Facebook has reached its own agreements inthe U.K.andAustralia, followingan existing templateused in recent years (as has Alphabet).</p><p><b>Competition with Other Big Tech</b></p><p>There have been some investor concerns about competition with other Big Tech, particularly Apple (AAPL). As Zuckerberg himself stated:</p><blockquote>“We increasingly see Apple as one of our biggest competitors ... we’re also seeing Apple’s business depend more and more on gaining share in apps and services against us and other developers. Apple has every incentive to use their dominant platform position to interfere with how our apps and other apps work, which they regularly do to preference their own.” <i>Mark Zuckerberg, Facebook CEO (Q4 2020 earnings call)</i></blockquote><p>One key development has been the App Track Transparency (\"ATT\") changes within iOS 14 in spring 2021, which will govern how apps target users and measure their activity. (The changes have already been delayed from their original September 2020 launch date.) This was singled out by Facebook management as a potential headwind in 2021:</p><blockquote>“While the timing of the iOS14 changes remains uncertain, we would expect to see an impact beginning late in the first quarter” <i>Dave Wehner, Facebook CFO (Q4 20 earnings call)</i></blockquote><p>However, ultimately we believe that Apple and Facebook (along with other Big Tech) will co-exist as \"frenemies\". Apple needs to provide the best consumer experience, and it generates significant income from other Tech companies (including an estimated $8-12bn annually from its Search partnership with Alphabet), so it cannot do everything on its own. Facebook's position is protected by its Technology, consumer loyalty, the Network Effect, and its platform synergies, just as we have described for Alphabet at ourinitiation. Regulations and anti-trust concerns will also likely prevent a “winner takes all” outcome in digital advertising.</p><p>It is worth noting that most attempts to challenge an emerging category leader in Technology have failed in the past: Alphabet tried to challenge Facebook with its own Orkut social network, but gave up in 2014; Facebook itself ended up buying WhatsApp (for $19bn in 2014) and Instagram (for $1bn in 2012) after its own challenges had failed.</p><p><b>Potential U.S. Tax Hike</b></p><p>Over the past few weeks, the Biden administration has proposed several tax increases that may affect Facebook:</p><ul><li>An increase in the U.S. corporate tax rate from 21% to 28% (compared to 35% before the 2017 tax cut)</li><li>An increase in the GILTI tax (on overseas earnings) from 11% to 21%</li><li>A global minimum tax of 21%, to be agreed with other countries, to counter offshore tax havens</li></ul><p>For context, Facebook is currently expecting its 2021 tax rate to be “in the high teens”; it was 14% in 2020 and 20% in 2019.</p><p>Goldman Sachs has estimated that there will be an average 9% EPS impact for Tech companies:</p><table><tbody><tr><td><p><i><b>Biden Tax Proposals’ Expected Impact on EPS by Sector</b></i></p><p><img src=\"https://static.tigerbbs.com/e6c3760718ebc2d5adb4a8cac152f8bb\" tg-width=\"512\" tg-height=\"334\" referrerpolicy=\"no-referrer\"></p><p><i>Source:Financial Times (05-Apr-21).</i></p></td></tr></tbody></table><p>We believe the impact on Facebook's share price will be marginal. While a higher tax rate would reduce the equity value of Facebook stock, it would do the same for other stocks, and would be offset by the improving macro outlook as COVID-19 is brought under control.</p><p><b>When Should You Buy Facebook Shares?</b></p><p>As a long-term investor, we do not try to time the market, and instead base our buying decisions on each stock's prospective return and the alternatives.</p><p>Given the quality of its franchise and the size of its long-term potential, we believe Facebook shares to be among the most attractive in the market today. The time to buy is now.</p><p>Facebook is set to announce its Q1 2021 results post-market on April 28. Existing guidance points to continuing strong growth, partly due to a weak prior year:</p><blockquote>“In the first half of 2021 we will be lapping a period of growth that was negatively impacted by reduced advertising demand during the early stages of the pandemic. As a result, we expect year-over-year growth rates in total revenue to remain stable or modestly accelerate sequentially in the first and second quarters of 2021. In the second half of the year we will lap periods of increasingly strong growth which will significantly pressure year-over-year growth rates” <i>Dave Wehner, Facebook CFO (Q4 2020 earnings call)</i></blockquote><p>With Q1 2021 results, we will likely also get a glimpse of the impact of the ATT changes in iOS 14. As we progress through the year, we should see the gradual end of the COVID-19 pandemic and how this affects Facebook. COVID-19 is now under much better control in the U.K. and U.S. thanks to vaccinations, but is worsening in Europe and LATAM.</p><p><b>Conclusion</b></p><p>Facebook's share price has reached a new all-time high, but we believe Facebook shares are attractively-priced even now.</p><p>With Facebook shares at approx. $308, we expect an exit price of $467 and a total return of 52% (11.8% annualized) in just under 4 years.</p><p>Our first key assumption is a long-term mid-teens EPS CAGR, supported by Facebook's strong revenue growth and potential margin expansion.</p><p>Our second key assumption is a 30x P/E, justified by the quality of earnings and long-term interest rates, even after the recent spike.</p><p>Upcoming events include Q1 results (on April 28), iOS 14 tracking changes, a potential U.S. tax hike and the post-COVID recovery.</p><p>We reiterate our Buy rating on Facebook stock.</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>Is Facebook Still At A Buy Point?</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; 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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\">\nIs Facebook Still At A Buy Point?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-09 11:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4417848-facebook-stock-still-buy><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryFacebook's share price has reached a new all-time high, but we believe they are attractively-priced even now.With Facebook shares at approx. $308, we expect an exit price of $467 and a total ...</p>\n\n<a href=\"https://seekingalpha.com/article/4417848-facebook-stock-still-buy\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://seekingalpha.com/article/4417848-facebook-stock-still-buy","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1197846121","content_text":"SummaryFacebook's share price has reached a new all-time high, but we believe they are attractively-priced even now.With Facebook shares at approx. $308, we expect an exit price of $467 and a total return of 52% (11.8% annualized) in just under 4 years.Our first key assumption is a long-term mid-teens EPS CAGR, supported by Facebook's strong revenue growth and potential margin expansion.Our second key assumption is a 30x P/E, justified by the quality of earnings and long-term interest rates, even after the recent spike.Upcoming events include Q1 results (on April 28), iOS 14 tracking changes, a potential U.S. tax hike and the post-COVID recovery.Facebook Stock Price at All-Time HighWe review Facebook (FB) after shares have just reached a new all-time high, at approx. $308 on Tuesday (April 5) morning.Weinitiatedour Buy rating on Facebook in March 2019, and reiterated itmultiple timessince. By Easter weekend, Facebook shares had already risen 74.4%, doubling from the start of 2019 and rising9.3% year-to-date:Facebook Share Price vs. Alphabet and S&P 500 (Since 2019)Source:Yahoo Finance (04-Apr-21).Is Facebook Overvalued?At $308, Facebook stock is trading at a P/E of 31.3x and a Free Cash Flow (\"FCF\") Yield of 1.6% (net of cash worth 6% of the market capitalization):Facebook Net Income, Cashflows & ValuationSource:Facebook company filings.FCF is likely lower than it can be, as Facebook, Inc. has been in investment mode, spending large amounts on both capital expenditure and buybacks to offset stock-based compensation.Whether Facebook shares are overvalued depends on the prospective return from the current price. With Facebook shares at approx. $308, our forecasts (which remain unchanged from ourJanuary update) indicate an exit price of $467 and a total return of 52% (11.8% annualized) by 2024 year-end, which mean shares remain attractively-priced:Illustrative Facebook Return ForecastsSource: Librarian Capital estimates.Our return is driven by the 2024 exit price, in turn determined by the 2024 EPS and the exit multiple. The two key assumptions are thus a long-term mid-teens EPS CAGR and a 30x P/E, which we believe reasonable for reasons set out below.Mid-Teens EPS CAGR AssumptionThe mid-teens EPS CAGR assumption is supported by Facebook's record of strong revenue growth and potential margin expansion.Revenue growth has been primarily driven by the number of users, the number of ads per user, and the average ad price - all of these remain powerful drivers. Apart from a brief COVID-related interruption in Q1 and Q2 of 2020, year-on-year ad revenue growth is still consistently exceeding 20%:Facebook Ad Revenue Growth Y/Y (Since 2017)Source: Facebook company filings.While the Facebook social network may now be more mature, Instagram is still relatively new, and Facebook is also pursuing initiatives in e-commerce, Augmented Reality, payments, etc. In addition, Facebook has shown the ability to utilize its scale and existing user base as a “fast follower” on products and features, helped sometime by acquisitions (like Instagram and WhatsApp). We are confident that Facebook will continue to grow revenues strongly.The mid-teens EPS CAGR assumption is also supported by the potential for margins to expand. We believe Facebook's current profit margin is lower than it can be - while EBIT has grown at double-digits in recent years, this represents a lag behind revenue growth. As Facebook is a platform business with low incremental costs, it should have natural operational leverage, but at present this is held back by intentionally high R&D costs:Facebook Revenue & EBIT Growth Y/YSource: Facebook company filings.Actual spending has been consistently lower than guidance, showing the degree of management control over expenses. For example, for 2020, management had guided to $54-59bn of OpEx at the start of the year but ended up at $53bn; likewise, for 2019, management had guided to $43-46bn, but ended up at $42bn. The same pattern is also evident in CapEx.30x P/E AssumptionThe 30x P/E assumption is justified by the quality of Facebook's earnings and long-term interest rates.We look at equity valuation through the Equity Risk Premium – equities should pay a premium over the risk-free rate, with the premium determined by the resilience and growth of the earnings.For the risk-free rate, despite the recent spike, 10-year U.S. Treasuries still have a yield of 1.7% and 30-year ones have one of 2.4%; the yields have been below 2.5% and 3.0% respectively for most of last 5 years:U.S. Treasury Bond YieldsSource: Marketwatch (04-Apr-21).Compared to such fixed coupons, a multi-year compounder like Facebook growing at double-digits is attractive even at a 3.3% EPS Yield (i.e. a P/E of 30x). Facebook stock's current 31.3x P/E (on 2020 EPS) is also lower than the multiples for Alphabet (GOOG) and Microsoft (MSFT), both around 36x.Regulatory & Political Risks OverstatedRegulations and political controversies have been top-of-mind for investors, but these are manageable and may even entrench Facebook's position.Facebook has a good record in managing regulatory issues. The European Union's 2018 Global Data Protection Regulation contained wide-ranging rules, yet Facebook's revenues in Europe grew by more than 20% in both 2019 and 2020. The Cambridge Analytica controversy involved the 2016 U.S. presidential election and 50m user profiles, yet Facebook ultimately resolved it with only a $5bn fine in 2019 and still made a $24bn EBIT that year.Facebook has actually called for more regulation on content:“I don't think each service should individually decide what content or advertising is allowed during elections, or what content is harmful overall. There should be a more democratic process for determining these rules and regulations … That's why I've called for clearer regulation for our industry.” Mark Zuckerberg, Facebook CEO (Q4 2019 earnings call)Due to Facebook's scale, regulations will be a manageable cost for them, but potentially a barrier for new entrants.Facebook's business model - keeping users engaged to show them more ads, knowing enough about users to show them relevant ads - ultimately does not need political content, and Facebook has already been de-emphasizing this:“We stopped recommending civic and political groups in the U.S. ahead of the elections … now we plan to keep civic and political groups out of recommendations for the long term, and we plan to expand that policy globally … we're also currently considering steps we could take to reduce the amount of political content in News Feed as well … one of the top pieces of feedback we're hearing from our community right now is that people don't want politics and fighting to take over their experience on our services.” Mark Zuckerberg, Facebook CEO (Q4 2020 earnings call)Facebook CEO Mark Zuckerberg'stestimony before Congressabout online misinformation in March 2021 passed without incident.Facebook is also on strong grounds on anti-trust issues - being free to consumers, almost by definition it cannot cause \"consumer harm\", a key requirement in anti-trust laws in many countries; there is also plenty of choice in digital advertising for businesses.Some governments have tried to force Facebook and Alphabet to pay traditional news media for content, but this has also been manageable. In the last few months Facebook has reached its own agreements inthe U.K.andAustralia, followingan existing templateused in recent years (as has Alphabet).Competition with Other Big TechThere have been some investor concerns about competition with other Big Tech, particularly Apple (AAPL). As Zuckerberg himself stated:“We increasingly see Apple as one of our biggest competitors ... we’re also seeing Apple’s business depend more and more on gaining share in apps and services against us and other developers. Apple has every incentive to use their dominant platform position to interfere with how our apps and other apps work, which they regularly do to preference their own.” Mark Zuckerberg, Facebook CEO (Q4 2020 earnings call)One key development has been the App Track Transparency (\"ATT\") changes within iOS 14 in spring 2021, which will govern how apps target users and measure their activity. (The changes have already been delayed from their original September 2020 launch date.) This was singled out by Facebook management as a potential headwind in 2021:“While the timing of the iOS14 changes remains uncertain, we would expect to see an impact beginning late in the first quarter” Dave Wehner, Facebook CFO (Q4 20 earnings call)However, ultimately we believe that Apple and Facebook (along with other Big Tech) will co-exist as \"frenemies\". Apple needs to provide the best consumer experience, and it generates significant income from other Tech companies (including an estimated $8-12bn annually from its Search partnership with Alphabet), so it cannot do everything on its own. Facebook's position is protected by its Technology, consumer loyalty, the Network Effect, and its platform synergies, just as we have described for Alphabet at ourinitiation. Regulations and anti-trust concerns will also likely prevent a “winner takes all” outcome in digital advertising.It is worth noting that most attempts to challenge an emerging category leader in Technology have failed in the past: Alphabet tried to challenge Facebook with its own Orkut social network, but gave up in 2014; Facebook itself ended up buying WhatsApp (for $19bn in 2014) and Instagram (for $1bn in 2012) after its own challenges had failed.Potential U.S. Tax HikeOver the past few weeks, the Biden administration has proposed several tax increases that may affect Facebook:An increase in the U.S. corporate tax rate from 21% to 28% (compared to 35% before the 2017 tax cut)An increase in the GILTI tax (on overseas earnings) from 11% to 21%A global minimum tax of 21%, to be agreed with other countries, to counter offshore tax havensFor context, Facebook is currently expecting its 2021 tax rate to be “in the high teens”; it was 14% in 2020 and 20% in 2019.Goldman Sachs has estimated that there will be an average 9% EPS impact for Tech companies:Biden Tax Proposals’ Expected Impact on EPS by SectorSource:Financial Times (05-Apr-21).We believe the impact on Facebook's share price will be marginal. While a higher tax rate would reduce the equity value of Facebook stock, it would do the same for other stocks, and would be offset by the improving macro outlook as COVID-19 is brought under control.When Should You Buy Facebook Shares?As a long-term investor, we do not try to time the market, and instead base our buying decisions on each stock's prospective return and the alternatives.Given the quality of its franchise and the size of its long-term potential, we believe Facebook shares to be among the most attractive in the market today. The time to buy is now.Facebook is set to announce its Q1 2021 results post-market on April 28. Existing guidance points to continuing strong growth, partly due to a weak prior year:“In the first half of 2021 we will be lapping a period of growth that was negatively impacted by reduced advertising demand during the early stages of the pandemic. As a result, we expect year-over-year growth rates in total revenue to remain stable or modestly accelerate sequentially in the first and second quarters of 2021. In the second half of the year we will lap periods of increasingly strong growth which will significantly pressure year-over-year growth rates” Dave Wehner, Facebook CFO (Q4 2020 earnings call)With Q1 2021 results, we will likely also get a glimpse of the impact of the ATT changes in iOS 14. As we progress through the year, we should see the gradual end of the COVID-19 pandemic and how this affects Facebook. COVID-19 is now under much better control in the U.K. and U.S. thanks to vaccinations, but is worsening in Europe and LATAM.ConclusionFacebook's share price has reached a new all-time high, but we believe Facebook shares are attractively-priced even now.With Facebook shares at approx. $308, we expect an exit price of $467 and a total return of 52% (11.8% annualized) in just under 4 years.Our first key assumption is a long-term mid-teens EPS CAGR, supported by Facebook's strong revenue growth and potential margin expansion.Our second key assumption is a 30x P/E, justified by the quality of earnings and long-term interest rates, even after the recent spike.Upcoming events include Q1 results (on April 28), iOS 14 tracking changes, a potential U.S. tax hike and the post-COVID recovery.We reiterate our Buy rating on Facebook stock.","news_type":1},"isVote":1,"tweetType":1,"viewCount":141,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":346333096,"gmtCreate":1617988130115,"gmtModify":1634295346438,"author":{"id":"3567410774681125","authorId":"3567410774681125","name":"巧蓁","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567410774681125","authorIdStr":"3567410774681125"},"themes":[],"htmlText":"Netflix good stock. Like and comment please","listText":"Netflix good stock. Like and comment please","text":"Netflix good stock. Like and comment please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/346333096","repostId":"2126315033","repostType":4,"repost":{"id":"2126315033","pubTimestamp":1617981660,"share":"https://www.laohu8.com/m/news/2126315033?lang=&edition=full","pubTime":"2021-04-09 23:21","market":"us","language":"en","title":"Netflix Grabs Sony's Pay-TV Movie Deal From Starz","url":"https://stock-news.laohu8.com/highlight/detail?id=2126315033","media":"Anders Bylund","summary":"Most Hollywood studios have started their own streaming services to compete in the evolving media market. Sony picked a well-established partner instead.","content":"<p>Video-streaming veteran <b>Netflix</b> (NASDAQ:NFLX) just signed a multiyear content deal with <b>Sony</b> (NYSE:SNE) Pictures Entertainment. Starting in 2022, Sony will move its exclusive pay-TV distribution window from longtime partner <a href=\"https://laohu8.com/S/STRZA\">Starz</a> to Netflix, putting the studio's theatrical releases on Netflix's global streaming platform.</p><p>Sony and Netflix already had a streaming agreement for animated content, but this deal expands that partnership to all genres and production types. Titles making their home entertainment premiere in 2022 on Netflix rather than <b>Lions Gate Entertainment</b> (NYSE:LGF-A) (NYSE:LGF-B) subsidiary <a href=\"https://laohu8.com/S/STRZB\">Starz</a> will include the Brad Pitt thriller <i>Bullet Train</i>, the ensemble-cast action movie <i>Uncharted</i>, and the Reese Witherspoon-produced murder drama <i>Where the Crawdads Sing</i>.</p><p><img src=\"https://static.tigerbbs.com/9243727dc46ddf4fb557f7d44eef1325\" tg-width=\"700\" tg-height=\"534\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><p>Netflix will also distribute future titles in Sony's established film franchises such as <i>Venom</i>, <i>Jumanji</i>, and <i>Bad Boys</i>, as well as any other new projects that Sony's several studio brands may come up with. The deal also allows licensing rights for Netflix to show some titles from Sony's enormous back catalog.</p><p>Furthermore, Netflix gets \"first look\" privilege to consider developing any direct-to-streaming titles Sony's studios may develop during this agreement.&nbsp;Netflix has committed to releasing an undisclosed minimum number of such productions, which will add exclusive Sony/Netflix content on top of Sony's continuing theatrical productions.</p><p>The terms of the deal were not disclosed, but Netflix's payments to Sony should be \"record setting\" for a pay-TV distribution window, according to <i>Variety</i>'s anonymous insider sources.</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>Netflix Grabs Sony's Pay-TV Movie Deal From Starz</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\">\nNetflix Grabs Sony's Pay-TV Movie Deal From Starz\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-09 23:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/04/09/netflix-grabs-sonys-pay-tv-movie-deal-from-starz/><strong>Anders Bylund</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Video-streaming veteran Netflix (NASDAQ:NFLX) just signed a multiyear content deal with Sony (NYSE:SNE) Pictures Entertainment. Starting in 2022, Sony will move its exclusive pay-TV distribution ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/04/09/netflix-grabs-sonys-pay-tv-movie-deal-from-starz/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"QNETCN":"纳斯达克中美互联网老虎指数","NFLX":"奈飞"},"source_url":"https://www.fool.com/investing/2021/04/09/netflix-grabs-sonys-pay-tv-movie-deal-from-starz/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2126315033","content_text":"Video-streaming veteran Netflix (NASDAQ:NFLX) just signed a multiyear content deal with Sony (NYSE:SNE) Pictures Entertainment. Starting in 2022, Sony will move its exclusive pay-TV distribution window from longtime partner Starz to Netflix, putting the studio's theatrical releases on Netflix's global streaming platform.Sony and Netflix already had a streaming agreement for animated content, but this deal expands that partnership to all genres and production types. Titles making their home entertainment premiere in 2022 on Netflix rather than Lions Gate Entertainment (NYSE:LGF-A) (NYSE:LGF-B) subsidiary Starz will include the Brad Pitt thriller Bullet Train, the ensemble-cast action movie Uncharted, and the Reese Witherspoon-produced murder drama Where the Crawdads Sing.Image source: Getty Images.Netflix will also distribute future titles in Sony's established film franchises such as Venom, Jumanji, and Bad Boys, as well as any other new projects that Sony's several studio brands may come up with. The deal also allows licensing rights for Netflix to show some titles from Sony's enormous back catalog.Furthermore, Netflix gets \"first look\" privilege to consider developing any direct-to-streaming titles Sony's studios may develop during this agreement. Netflix has committed to releasing an undisclosed minimum number of such productions, which will add exclusive Sony/Netflix content on top of Sony's continuing theatrical productions.The terms of the deal were not disclosed, but Netflix's payments to Sony should be \"record setting\" for a pay-TV distribution window, according to Variety's anonymous insider sources.","news_type":1},"isVote":1,"tweetType":1,"viewCount":286,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":346330678,"gmtCreate":1617987800594,"gmtModify":1634295347381,"author":{"id":"3567410774681125","authorId":"3567410774681125","name":"巧蓁","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567410774681125","authorIdStr":"3567410774681125"},"themes":[],"htmlText":"Wait for coinbase","listText":"Wait for coinbase","text":"Wait for coinbase","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/346330678","repostId":"1168300924","repostType":4,"repost":{"id":"1168300924","pubTimestamp":1617955250,"share":"https://www.laohu8.com/m/news/1168300924?lang=&edition=full","pubTime":"2021-04-09 16:00","market":"us","language":"en","title":"Next Week’s IPO Lineup Is Growing. It Could Be Busy.","url":"https://stock-news.laohu8.com/highlight/detail?id=1168300924","media":"barrons","summary":"The second week of April is shaping up to be a relatively strong time for the IPO market. As many as four more companies are making their stock-market debuts, bringing the total to at least six.Coinbase, the largest U.S. cryptocurrency exchange,is slated to open for trading on Wednesday, April 14. Applovin and TuSimple are listing the next day, three people familiar with the situation said. Agilon Health ismaking its debut that Thursday.And Alkami Technology,a bank software company, and Karat Pa","content":"<p>The second week of April is shaping up to be a relatively strong time for the IPO market. As many as four more companies are making their stock-market debuts, bringing the total to at least six.</p><p>Coinbase, the largest U.S. cryptocurrency exchange,is slated to open for trading on Wednesday, April 14. Applovin and TuSimple are listing the next day, three people familiar with the situation said. Agilon Health ismaking its debut that Thursday.</p><p>And Alkami Technology,a bank software company, and Karat Packaging, whichmakes environmentally-friendly disposable food service products, are also reportedly going public.</p><p>This week, by way of contrast, two companies, Reneo Pharmaceuticals and VectivBio Holding, are listing. Both are small biotech companies that areslated to begin trading on the Nasdaq on Friday.</p><p>Applovin on Wednesday set terms for its initial public offering. It is offering 25 million shares at $75 to $85 each, which means it could raise as much as $2.13 billion if the stock sells at the high end of that range. The company plans to trade on the Nasdaq under the symbol APP.</p><p>Eighteen underwriters are listed in the Applovin prospectus, includingMorgan Stanley(ticker: MS),JPMorgan Chase(JPM),KKR,&nbsp;Bank of America‘s (BAC) BofA Securities, andCitigroup(C).</p><p>Founded in 2012, Applovin&nbsp;provides software&nbsp;used by mobile-game developers to grow their businesses.&nbsp; Some 410 million people a day open apps that contain Applovin software, according to the company. Applovin also has a portfolio of more than 200 free-to-play mobile games with 32 million daily users.</p><p>In 2018, KKRbought a minority stakein Applovin for $400 million, valuing Applovin at $2 billion at the time. Applovin in February acquired Adjust, a firm that helps mobile-app developers measure the performance of apps and prevent fraud, for $1 billion. KKR will own 67.4% of the company after the IPO, theprospectus said.</p><p>With 357,955,309 shares outstanding, Applovin’s market capitalization could hit $30 billion.</p><p>TuSimple also set terms for its IPO. The self-driving technology company could raise as much as $1.3 billion; it is offering nearly 34 million shares at $35 to $39 each. It will trade on the Nasdaq under the ticker TSP.</p><p>Morgan Stanley(MS),Citigroup,and J.P. Morgan (JPM) are lead bookrunners on the deal.</p><p>Founded in 2015, TuSimple is looking to transform the $800 billion trucking industry. The San Diego company, which has plants in Tucson, Shanghai, and Beijing, in addition to operations in Japan, is developing an autonomous freight network for long-haul, semi-trucks that it says will increase efficiency and safety on the road, while cutting operating costs.</p><p>TuSimple develops software for the Level 4 self-driving, long-haul trucks, which can see up to 1,000 meters away, equivalent to 30 seconds of driving time. High-definition maps provide accuracy within five centimeters.</p><p>The company is partnering withNavistar(NAV) to develop trucks for the North American market by 2024,its prospectus said. TuSimple has another partnership withVolkswagensubsidiary TRATON for trucks in Europe. Navistar, TRATON, and United Parcel Service (UPS) are all investors.</p><p>TuSimple has raised $800 million in funding, including a $350 million round in November led by VectoIQ.BlackRock(BR), Fidelity Management &amp; Research Co and Capital Group are in talks to buy up to 10.1 million TuSimple shares at the IPO price, the prospectus said.</p><p>The company will have 212,263,328 shares outstanding, meaning TuSimple’s market cap could climb to $8.3 billion. TuSimple, however, is not profitable. Losses widened to $177.9 million in 2020 from $84.9 million in 2019. Revenue jumped nearly 160% to $1.8 million in 2020.</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>Next Week’s IPO Lineup Is Growing. It Could Be Busy.</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\">\nNext Week’s IPO Lineup Is Growing. It Could Be Busy.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-09 16:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/next-weeks-ipo-lineup-is-growing-it-could-be-busy-51617907448?mod=hp_LEAD_1_B_2><strong>barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The second week of April is shaping up to be a relatively strong time for the IPO market. As many as four more companies are making their stock-market debuts, bringing the total to at least six....</p>\n\n<a href=\"https://www.barrons.com/articles/next-weeks-ipo-lineup-is-growing-it-could-be-busy-51617907448?mod=hp_LEAD_1_B_2\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"APP":"AppLovin Corporation","ALKT":"Alkami Technology, Inc.","VECT":"VectivBio Holding AG","KRT":"Karat Packaging Inc.","COIN":"Coinbase Global, Inc."},"source_url":"https://www.barrons.com/articles/next-weeks-ipo-lineup-is-growing-it-could-be-busy-51617907448?mod=hp_LEAD_1_B_2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1168300924","content_text":"The second week of April is shaping up to be a relatively strong time for the IPO market. As many as four more companies are making their stock-market debuts, bringing the total to at least six.Coinbase, the largest U.S. cryptocurrency exchange,is slated to open for trading on Wednesday, April 14. Applovin and TuSimple are listing the next day, three people familiar with the situation said. Agilon Health ismaking its debut that Thursday.And Alkami Technology,a bank software company, and Karat Packaging, whichmakes environmentally-friendly disposable food service products, are also reportedly going public.This week, by way of contrast, two companies, Reneo Pharmaceuticals and VectivBio Holding, are listing. Both are small biotech companies that areslated to begin trading on the Nasdaq on Friday.Applovin on Wednesday set terms for its initial public offering. It is offering 25 million shares at $75 to $85 each, which means it could raise as much as $2.13 billion if the stock sells at the high end of that range. The company plans to trade on the Nasdaq under the symbol APP.Eighteen underwriters are listed in the Applovin prospectus, includingMorgan Stanley(ticker: MS),JPMorgan Chase(JPM),KKR, Bank of America‘s (BAC) BofA Securities, andCitigroup(C).Founded in 2012, Applovin provides software used by mobile-game developers to grow their businesses.  Some 410 million people a day open apps that contain Applovin software, according to the company. Applovin also has a portfolio of more than 200 free-to-play mobile games with 32 million daily users.In 2018, KKRbought a minority stakein Applovin for $400 million, valuing Applovin at $2 billion at the time. Applovin in February acquired Adjust, a firm that helps mobile-app developers measure the performance of apps and prevent fraud, for $1 billion. KKR will own 67.4% of the company after the IPO, theprospectus said.With 357,955,309 shares outstanding, Applovin’s market capitalization could hit $30 billion.TuSimple also set terms for its IPO. The self-driving technology company could raise as much as $1.3 billion; it is offering nearly 34 million shares at $35 to $39 each. It will trade on the Nasdaq under the ticker TSP.Morgan Stanley(MS),Citigroup,and J.P. Morgan (JPM) are lead bookrunners on the deal.Founded in 2015, TuSimple is looking to transform the $800 billion trucking industry. The San Diego company, which has plants in Tucson, Shanghai, and Beijing, in addition to operations in Japan, is developing an autonomous freight network for long-haul, semi-trucks that it says will increase efficiency and safety on the road, while cutting operating costs.TuSimple develops software for the Level 4 self-driving, long-haul trucks, which can see up to 1,000 meters away, equivalent to 30 seconds of driving time. High-definition maps provide accuracy within five centimeters.The company is partnering withNavistar(NAV) to develop trucks for the North American market by 2024,its prospectus said. TuSimple has another partnership withVolkswagensubsidiary TRATON for trucks in Europe. Navistar, TRATON, and United Parcel Service (UPS) are all investors.TuSimple has raised $800 million in funding, including a $350 million round in November led by VectoIQ.BlackRock(BR), Fidelity Management & Research Co and Capital Group are in talks to buy up to 10.1 million TuSimple shares at the IPO price, the prospectus said.The company will have 212,263,328 shares outstanding, meaning TuSimple’s market cap could climb to $8.3 billion. TuSimple, however, is not profitable. Losses widened to $177.9 million in 2020 from $84.9 million in 2019. Revenue jumped nearly 160% to $1.8 million in 2020.","news_type":1},"isVote":1,"tweetType":1,"viewCount":58,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":374978935,"gmtCreate":1619413534827,"gmtModify":1634273662795,"author":{"id":"3567410774681125","authorId":"3567410774681125","name":"巧蓁","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567410774681125","authorIdStr":"3567410774681125"},"themes":[],"htmlText":"I feel Square is better ! !&nbsp;","listText":"I feel Square is better ! !&nbsp;","text":"I feel Square is better ! !","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/374978935","repostId":"2130939302","repostType":4,"repost":{"id":"2130939302","pubTimestamp":1619408944,"share":"https://www.laohu8.com/m/news/2130939302?lang=&edition=full","pubTime":"2021-04-26 11:49","market":"us","language":"en","title":"Better Fintech Stock: Coinbase vs. Square","url":"https://stock-news.laohu8.com/highlight/detail?id=2130939302","media":"Motley Fool","summary":"Is America's top cryptocurrency exchange a better bet than Jack Dorsey's growing fintech company?","content":"<p><b>Coinbase </b>(NASDAQ:COIN), a cryptocurrency exchange platform founded nearly nine years ago, went public via a direct listing on April 14. The stock opened at $381 per share, well above its reference price of $250, and closed at $328 on the first day, which valued the company at nearly $86 billion.</p>\n<p>However, the stock subsequently fell to the low $290s as<b> bitcoin</b>'s (CRYPTO:BTC) price tumbled. Its current market cap of $58 billion still values the company at 45 times last year's sales, which makes it pricier than many other fintech stocks.</p>\n<p>Should investors take a chance on Coinbase, or should they stick with <b>Square</b> (NYSE:SQ), a more diversified fintech player that also lets its users buy and sell bitcoin?</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d05f2781e1a80f2f90f92c5e4cec93ce\" tg-width=\"700\" tg-height=\"419\"><span>Image source: Getty Images.</span></p>\n<h2>Coinbase is an all-in bet on cryptocurrencies</h2>\n<p>Coinbase is the largest cryptocurrency exchange in the U.S. by trading volume. Its median trading volume rose 24% to $21 billion in 2019, then surged another 81% to $38 billion in 2020.</p>\n<p>Its platforms allow mainstream users, professional traders, and institutional investors to buy and trade a wide range of cryptocurrencies. It also provides an online wallet for storing cryptocurrencies, a <b><a href=\"https://laohu8.com/S/V\">Visa</a></b> debit card for crypto transactions, crypto-processing services for merchants, and a digital stablecoin pegged to the U.S. dollar.</p>\n<p>Coinbase generates most of its revenue from transaction fees. Its total revenue rose 144% to $1.3 billion in 2020. It generated a net profit of $322.3 million, compared to a net loss of $30.4 million in 2019, while its adjusted EBITDA surged nearly 22 times to $527.4 million.</p>\n<p>Those growth rates coincide with the explosive growth of bitcoin, <b>Ethereum</b>&nbsp;(CRYPTO:ETH),<b> Litecoin</b> (CRYPTO:LTC), and other cryptocurrencies over the past year:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ac99eafc0a2e3bab023e70e42c93f230\" tg-width=\"720\" tg-height=\"452\"><span>Source: YCharts</span></p>\n<p>If those prices keep rising, Coinbase might represent a balanced investment on the broader cryptocurrency market. But if those prices decline, Coinbase will face a brutal slowdown. Competition from other crypto trading apps -- including Square's Cash App, <b><a href=\"https://laohu8.com/S/PYPL\">PayPal</a></b>'s (NASDAQ:PYPL) Venmo, and Robinhood -- could also impact its ability to raise fees.</p>\n<h2>Square is a more balanced play on digital payments</h2>\n<p>Square's core platform processes mobile, online, and point of sale (POS) payments for merchants. It also sells POS systems that tether businesses to its cloud-based seller services, which include tools for managing online orders, payroll, analytics, and more.</p>\n<p>For consumers, Square offers the Cash App, a peer-to-peer payments app that also offers bitcoin purchases and free stock trades. The Cash App serves more than 36 million monthly active users, many of whom use its linked Visa-branded Cash Card for debit card purchases.</p>\n<p>Square's revenue surged 101% to&nbsp;$9.5 billion in 2020, even as business closures throughout the pandemic throttled the growth of its seller-facing businesses. But soaring sales of bitcoin on the Cash App, which increased <i>roughly nine times</i> year-over-year to $4.6 billion, offset that slowdown.</p>\n<p>Square only generated a 2% gross profit on its Bitcoin sales, so its adjusted earnings rose just 5% for the year as its lower-margin bitcoin revenue squeezed its margins. Its adjusted EBITDA grew 14% to $474 million.</p>\n<p>Square's margins should expand again this year as more businesses reopen and reduce its dependence on bitcoin purchases. However, Square still faces rising competition in the online payments space from PayPal and Europe's <b>Adyen</b>, while PayPal's recent addition of cryptocurrency purchases to Venmo could help it catch up to Cash.</p>\n<h2>It's a simple choice</h2>\n<p>Coinbase is a diversified way to invest in the cryptocurrency market, but it's too speculative for my taste. Wall Street thinks Coinbase's revenue could quadruple this year if cryptocurrency prices continue to rise -- but I believe crafting long-term forecasts for cryptocurrencies is a futile effort.</p>\n<p>I'd rather stick with Square, which provides some exposure to the cryptocurrency market but generates most of its profits from seller-based services. Analysts still expect Square's revenue and earnings to both rise nearly 50% this year.</p>\n<p>Square's stock isn't cheap at 129 times forward earnings and eight times this year's sales, but it's a much safer and more balanced way to profit from the expansion of the fintech market than Coinbase.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Better Fintech Stock: Coinbase vs. Square</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBetter Fintech Stock: Coinbase vs. Square\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-26 11:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/04/25/better-fintech-stock-coinbase-vs-square/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Coinbase (NASDAQ:COIN), a cryptocurrency exchange platform founded nearly nine years ago, went public via a direct listing on April 14. The stock opened at $381 per share, well above its reference ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/04/25/better-fintech-stock-coinbase-vs-square/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SQ":"Block","COIN":"Coinbase Global, Inc."},"source_url":"https://www.fool.com/investing/2021/04/25/better-fintech-stock-coinbase-vs-square/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2130939302","content_text":"Coinbase (NASDAQ:COIN), a cryptocurrency exchange platform founded nearly nine years ago, went public via a direct listing on April 14. The stock opened at $381 per share, well above its reference price of $250, and closed at $328 on the first day, which valued the company at nearly $86 billion.\nHowever, the stock subsequently fell to the low $290s as bitcoin's (CRYPTO:BTC) price tumbled. Its current market cap of $58 billion still values the company at 45 times last year's sales, which makes it pricier than many other fintech stocks.\nShould investors take a chance on Coinbase, or should they stick with Square (NYSE:SQ), a more diversified fintech player that also lets its users buy and sell bitcoin?\nImage source: Getty Images.\nCoinbase is an all-in bet on cryptocurrencies\nCoinbase is the largest cryptocurrency exchange in the U.S. by trading volume. Its median trading volume rose 24% to $21 billion in 2019, then surged another 81% to $38 billion in 2020.\nIts platforms allow mainstream users, professional traders, and institutional investors to buy and trade a wide range of cryptocurrencies. It also provides an online wallet for storing cryptocurrencies, a Visa debit card for crypto transactions, crypto-processing services for merchants, and a digital stablecoin pegged to the U.S. dollar.\nCoinbase generates most of its revenue from transaction fees. Its total revenue rose 144% to $1.3 billion in 2020. It generated a net profit of $322.3 million, compared to a net loss of $30.4 million in 2019, while its adjusted EBITDA surged nearly 22 times to $527.4 million.\nThose growth rates coincide with the explosive growth of bitcoin, Ethereum (CRYPTO:ETH), Litecoin (CRYPTO:LTC), and other cryptocurrencies over the past year:\nSource: YCharts\nIf those prices keep rising, Coinbase might represent a balanced investment on the broader cryptocurrency market. But if those prices decline, Coinbase will face a brutal slowdown. Competition from other crypto trading apps -- including Square's Cash App, PayPal's (NASDAQ:PYPL) Venmo, and Robinhood -- could also impact its ability to raise fees.\nSquare is a more balanced play on digital payments\nSquare's core platform processes mobile, online, and point of sale (POS) payments for merchants. It also sells POS systems that tether businesses to its cloud-based seller services, which include tools for managing online orders, payroll, analytics, and more.\nFor consumers, Square offers the Cash App, a peer-to-peer payments app that also offers bitcoin purchases and free stock trades. The Cash App serves more than 36 million monthly active users, many of whom use its linked Visa-branded Cash Card for debit card purchases.\nSquare's revenue surged 101% to $9.5 billion in 2020, even as business closures throughout the pandemic throttled the growth of its seller-facing businesses. But soaring sales of bitcoin on the Cash App, which increased roughly nine times year-over-year to $4.6 billion, offset that slowdown.\nSquare only generated a 2% gross profit on its Bitcoin sales, so its adjusted earnings rose just 5% for the year as its lower-margin bitcoin revenue squeezed its margins. Its adjusted EBITDA grew 14% to $474 million.\nSquare's margins should expand again this year as more businesses reopen and reduce its dependence on bitcoin purchases. However, Square still faces rising competition in the online payments space from PayPal and Europe's Adyen, while PayPal's recent addition of cryptocurrency purchases to Venmo could help it catch up to Cash.\nIt's a simple choice\nCoinbase is a diversified way to invest in the cryptocurrency market, but it's too speculative for my taste. Wall Street thinks Coinbase's revenue could quadruple this year if cryptocurrency prices continue to rise -- but I believe crafting long-term forecasts for cryptocurrencies is a futile effort.\nI'd rather stick with Square, which provides some exposure to the cryptocurrency market but generates most of its profits from seller-based services. Analysts still expect Square's revenue and earnings to both rise nearly 50% this year.\nSquare's stock isn't cheap at 129 times forward earnings and eight times this year's sales, but it's a much safer and more balanced way to profit from the expansion of the fintech market than Coinbase.","news_type":1},"isVote":1,"tweetType":1,"viewCount":55,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":375271835,"gmtCreate":1619354959827,"gmtModify":1634274050311,"author":{"id":"3567410774681125","authorId":"3567410774681125","name":"巧蓁","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567410774681125","authorIdStr":"3567410774681125"},"themes":[],"htmlText":"TSM is better!","listText":"TSM is better!","text":"TSM is better!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/375271835","repostId":"2129645183","repostType":4,"repost":{"id":"2129645183","pubTimestamp":1619337627,"share":"https://www.laohu8.com/m/news/2129645183?lang=&edition=full","pubTime":"2021-04-25 16:00","market":"us","language":"en","title":"Better Buy: Intel vs. Micron Technology","url":"https://stock-news.laohu8.com/highlight/detail?id=2129645183","media":"Motley Fool","summary":"Does the venerable CPU maker or the memory chip giant offer more investor potential?","content":"<p>Chips made by both <b>Intel </b>(NASDAQ:INTC) and <b>Micron Technology </b>(NASDAQ:MU) have long bolstered the tech industry and continue to do so today. Nonetheless, even though investors classify both as semiconductor stocks, Intel specializes in central processing units (CPUs), while Micron makes memory chips. This difference affects how each stock responds to the market forces and could make <a href=\"https://laohu8.com/S/AONE\">one</a> of these stocks the clear choice for a long-term investment.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e1c93ee1b6f8a047e9771341718aae2f\" tg-width=\"700\" tg-height=\"466\"><span>Image source: Getty Images.</span></p>\n<h2>Intel</h2>\n<p>Intel remains a prominent player in the CPU market. For all of the recent focus on <b><a href=\"https://laohu8.com/S/AMD\">AMD</a> </b>(NASDAQ:AMD), Intel generated nearly eight times as much revenue in 2020, $77.9 billion versus just $9.8 billion for AMD.</p>\n<p>Still, as AMD took a technical lead in the market, Intel lost much of its prestige. The company that makes AMD's processors, <b>Taiwan Semiconductor </b>(TSMC), has built a leadership position in producing 7nm chips, a feat Intel cannot yet match. Intel had even turned to TSMC in some cases to produce chips.</p>\n<p>However, former CTO Pat Gelsinger returned to the company to take the CEO position. Unlike his predecessor, Gelsinger has an engineering background and helped to design the 80486 processor. Additionally, Gelsinger expressed an interest in reviving Intel's foundries. This could play into Intel's hands as industry observers grow concerned about the lack of production growth within the United States. The U.S. produces just under 13% of the world's semiconductors.</p>\n<p>When Intel led the chip industry, it worked on two-year \"tick-tock\" cycles. This means Intel would improve the chip-building process in the tick years and make upgrades in the tock years. In recent years, Intel slowed this cycle while AMD tackled development and upgrades simultaneously. Now, Intel may have to follow or surpass AMD in this area to compete. Additionally, chip development cycles typically take three to five years. Hence, investors will not know anytime soon whether Gelsinger's turnaround efforts will succeed.</p>\n<p>Gelsinger will also have to drive more revenue growth. Revenue increased 8% in fiscal 2020 on higher demand for chips during the pandemic. Still, net income fell by 1% as Intel paid an additional $1.2 billion in taxes compared with the previous year. Furthermore, revenue fell 1% in the fourth quarter compared with Q4 2019. As a result, rising operating expenses and taxes led to quarterly net income falling 15% during that period.</p>\n<p>This may explain the meager 5% growth in Intel stock over the last year. At a price-to-earnings (P/E) ratio of 13, it also significantly lags AMD's 40 earnings multiple. Still, even amid troubles, Intel stock has doubled in the last five years. If it can foster a comeback and match AMD's P/E ratio, it could experience a considerable surge higher.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/22ab98002df2105ed0f90d7270d01973\" tg-width=\"720\" tg-height=\"419\"><span>INTC data by YCharts</span></p>\n<h2>Micron</h2>\n<p>At first glance, the question of whether to consider Micron Technology stock a buy appears obvious. Memory chip prices shot upward amid a pandemic that brought about higher chip demand and foundry shutdowns. This has sent Micron surging higher as the chip shortage continues.</p>\n<p>Moreover, Micron is <a href=\"https://laohu8.com/S/AONE.U\">one</a> of only three companies in the world to produce DRAM memory chips, which make up 68% of Micron's revenue. Most of its remaining revenue comes from the NAND, or flash chip, market. Many more companies compete in the NAND market, including Intel.</p>\n<p>Higher memory chip demand helped Micron grow its revenue by 21% in the first six months of 2021 compared with the first six months of 2020. During that period, net income rose by 54% as the company limited the growth in operating expenses to 5%.</p>\n<p>However, investors who focus only on the last six months miss a 25-year trend in Micron stock. Micron tends to grow in times of high memory prices. Conversely, when memory prices crash, Micron stock has historically plunged on lower profits or outright losses. As a result, Micron lost 35% of its value between 1996 and 2016.</p>\n<p>Admittedly, the trend has become less extreme in recent years. Today, applications such as artificial intelligence, virtual reality, the Internet of Things, and other applications rely on memory chips. The fact that the memory market no longer relies on just PCs altered the cycle. Its 710% growth rate over the last five years far surpassed Intel's surge. Now, at about $90 per share, Micron is approaching its highest levels since the dot-com bubble of 2000.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8f9cd05f7503d4c8089a4f72de3da390\" tg-width=\"720\" tg-height=\"419\"><span>MU data by YCharts</span></p>\n<p>Today, the current P/E ratio stands at around 31. While that places the multiple near 52-week highs, the multiple comes in well below the valuation peak of just above 50 in 2017, indicating the possibility of further upside.</p>\n<p>Still, memory prices continue to drive Micron stock. Micron lost about half of its value in 2018 when the crash in <b>Bitcoin </b>and other cryptocurrencies wiped out demand for memory chips. This took the stock to a single-digit P/E ratio, and given the stock's history, investors should probably approach the current price with caution rather than elation.</p>\n<h2>Intel or Micron?</h2>\n<p>Both stocks involve significant risks. Intel could fail to catch up to AMD, and Micron could plunge if chip demand falls. Still, considering the historical behavior of both stocks, Intel looks like the more promising investment decision.</p>\n<p>Admittedly, Micron stock dramatically outperformed Intel in recent years. Still, Micron has historically acted as a proxy for memory prices, pointing to a likely stock swoon when memory prices crash. Conversely, Intel supports a low P/E ratio, and the potential downside appears limited. If Gelsinger turns Intel around, the sustainable growth of past decades could return.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Better Buy: Intel vs. Micron Technology</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBetter Buy: Intel vs. Micron Technology\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-25 16:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/04/24/better-buy-intel-vs-micron-technology/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Chips made by both Intel (NASDAQ:INTC) and Micron Technology (NASDAQ:MU) have long bolstered the tech industry and continue to do so today. Nonetheless, even though investors classify both as ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/04/24/better-buy-intel-vs-micron-technology/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"INTC":"英特尔","MU":"美光科技"},"source_url":"https://www.fool.com/investing/2021/04/24/better-buy-intel-vs-micron-technology/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2129645183","content_text":"Chips made by both Intel (NASDAQ:INTC) and Micron Technology (NASDAQ:MU) have long bolstered the tech industry and continue to do so today. Nonetheless, even though investors classify both as semiconductor stocks, Intel specializes in central processing units (CPUs), while Micron makes memory chips. This difference affects how each stock responds to the market forces and could make one of these stocks the clear choice for a long-term investment.\nImage source: Getty Images.\nIntel\nIntel remains a prominent player in the CPU market. For all of the recent focus on AMD (NASDAQ:AMD), Intel generated nearly eight times as much revenue in 2020, $77.9 billion versus just $9.8 billion for AMD.\nStill, as AMD took a technical lead in the market, Intel lost much of its prestige. The company that makes AMD's processors, Taiwan Semiconductor (TSMC), has built a leadership position in producing 7nm chips, a feat Intel cannot yet match. Intel had even turned to TSMC in some cases to produce chips.\nHowever, former CTO Pat Gelsinger returned to the company to take the CEO position. Unlike his predecessor, Gelsinger has an engineering background and helped to design the 80486 processor. Additionally, Gelsinger expressed an interest in reviving Intel's foundries. This could play into Intel's hands as industry observers grow concerned about the lack of production growth within the United States. The U.S. produces just under 13% of the world's semiconductors.\nWhen Intel led the chip industry, it worked on two-year \"tick-tock\" cycles. This means Intel would improve the chip-building process in the tick years and make upgrades in the tock years. In recent years, Intel slowed this cycle while AMD tackled development and upgrades simultaneously. Now, Intel may have to follow or surpass AMD in this area to compete. Additionally, chip development cycles typically take three to five years. Hence, investors will not know anytime soon whether Gelsinger's turnaround efforts will succeed.\nGelsinger will also have to drive more revenue growth. Revenue increased 8% in fiscal 2020 on higher demand for chips during the pandemic. Still, net income fell by 1% as Intel paid an additional $1.2 billion in taxes compared with the previous year. Furthermore, revenue fell 1% in the fourth quarter compared with Q4 2019. As a result, rising operating expenses and taxes led to quarterly net income falling 15% during that period.\nThis may explain the meager 5% growth in Intel stock over the last year. At a price-to-earnings (P/E) ratio of 13, it also significantly lags AMD's 40 earnings multiple. Still, even amid troubles, Intel stock has doubled in the last five years. If it can foster a comeback and match AMD's P/E ratio, it could experience a considerable surge higher.\nINTC data by YCharts\nMicron\nAt first glance, the question of whether to consider Micron Technology stock a buy appears obvious. Memory chip prices shot upward amid a pandemic that brought about higher chip demand and foundry shutdowns. This has sent Micron surging higher as the chip shortage continues.\nMoreover, Micron is one of only three companies in the world to produce DRAM memory chips, which make up 68% of Micron's revenue. Most of its remaining revenue comes from the NAND, or flash chip, market. Many more companies compete in the NAND market, including Intel.\nHigher memory chip demand helped Micron grow its revenue by 21% in the first six months of 2021 compared with the first six months of 2020. During that period, net income rose by 54% as the company limited the growth in operating expenses to 5%.\nHowever, investors who focus only on the last six months miss a 25-year trend in Micron stock. Micron tends to grow in times of high memory prices. Conversely, when memory prices crash, Micron stock has historically plunged on lower profits or outright losses. As a result, Micron lost 35% of its value between 1996 and 2016.\nAdmittedly, the trend has become less extreme in recent years. Today, applications such as artificial intelligence, virtual reality, the Internet of Things, and other applications rely on memory chips. The fact that the memory market no longer relies on just PCs altered the cycle. Its 710% growth rate over the last five years far surpassed Intel's surge. Now, at about $90 per share, Micron is approaching its highest levels since the dot-com bubble of 2000.\nMU data by YCharts\nToday, the current P/E ratio stands at around 31. While that places the multiple near 52-week highs, the multiple comes in well below the valuation peak of just above 50 in 2017, indicating the possibility of further upside.\nStill, memory prices continue to drive Micron stock. Micron lost about half of its value in 2018 when the crash in Bitcoin and other cryptocurrencies wiped out demand for memory chips. This took the stock to a single-digit P/E ratio, and given the stock's history, investors should probably approach the current price with caution rather than elation.\nIntel or Micron?\nBoth stocks involve significant risks. Intel could fail to catch up to AMD, and Micron could plunge if chip demand falls. Still, considering the historical behavior of both stocks, Intel looks like the more promising investment decision.\nAdmittedly, Micron stock dramatically outperformed Intel in recent years. Still, Micron has historically acted as a proxy for memory prices, pointing to a likely stock swoon when memory prices crash. Conversely, Intel supports a low P/E ratio, and the potential downside appears limited. If Gelsinger turns Intel around, the sustainable growth of past decades could return.","news_type":1},"isVote":1,"tweetType":1,"viewCount":44,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":373604452,"gmtCreate":1618841290476,"gmtModify":1634290463747,"author":{"id":"3567410774681125","authorId":"3567410774681125","name":"巧蓁","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567410774681125","authorIdStr":"3567410774681125"},"themes":[],"htmlText":"Netflix!!&nbsp;","listText":"Netflix!!&nbsp;","text":"Netflix!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/373604452","repostId":"1114523776","repostType":4,"isVote":1,"tweetType":1,"viewCount":25,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":348586418,"gmtCreate":1617941692334,"gmtModify":1634295616190,"author":{"id":"3567410774681125","authorId":"3567410774681125","name":"巧蓁","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567410774681125","authorIdStr":"3567410774681125"},"themes":[],"htmlText":"Slightly high price","listText":"Slightly high price","text":"Slightly high price","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/348586418","repostId":"1197846121","repostType":4,"repost":{"id":"1197846121","pubTimestamp":1617939719,"share":"https://www.laohu8.com/m/news/1197846121?lang=&edition=full","pubTime":"2021-04-09 11:41","market":"us","language":"en","title":"Is Facebook Still At A Buy Point?","url":"https://stock-news.laohu8.com/highlight/detail?id=1197846121","media":"seekingalpha","summary":"SummaryFacebook's share price has reached a new all-time high, but we believe they are attractively-","content":"<p><b>Summary</b></p><ul><li>Facebook's share price has reached a new all-time high, but we believe they are attractively-priced even now.</li><li>With Facebook shares at approx. $308, we expect an exit price of $467 and a total return of 52% (11.8% annualized) in just under 4 years.</li><li>Our first key assumption is a long-term mid-teens EPS CAGR, supported by Facebook's strong revenue growth and potential margin expansion.</li><li>Our second key assumption is a 30x P/E, justified by the quality of earnings and long-term interest rates, even after the recent spike.</li><li>Upcoming events include Q1 results (on April 28), iOS 14 tracking changes, a potential U.S. tax hike and the post-COVID recovery.</li></ul><p><b>Facebook Stock Price at All-Time High</b></p><p>We review Facebook (FB) after shares have just reached a new all-time high, at approx. $308 on Tuesday (April 5) morning.</p><p>Weinitiatedour Buy rating on Facebook in March 2019, and reiterated itmultiple timessince. By Easter weekend, Facebook shares had already risen 74.4%, doubling from the start of 2019 and rising9.3% year-to-date:</p><table><tbody><tr><td><p><i><b>Facebook Share Price vs. Alphabet and S&amp;P 500 (Since 2019)</b></i></p><p><img src=\"https://static.tigerbbs.com/b451d046c2244475a25bad0d58386b73\" tg-width=\"1183\" tg-height=\"440\" referrerpolicy=\"no-referrer\"></p><p><i>Source:Yahoo Finance (04-Apr-21).</i></p></td></tr></tbody></table><p><b>Is Facebook Overvalued?</b></p><p>At $308, Facebook stock is trading at a P/E of 31.3x and a Free Cash Flow (\"FCF\") Yield of 1.6% (net of cash worth 6% of the market capitalization):</p><table><tbody><tr><td><p><b><i>Facebook Net Income, Cashflows &amp; Valuation</i></b></p><p><img src=\"https://static.tigerbbs.com/8ac7117702e1000ac7b6a518a9b3cf16\" tg-width=\"661\" tg-height=\"245\" referrerpolicy=\"no-referrer\"></p><p><i>Source:Facebook company filings.</i></p></td></tr></tbody></table><p>FCF is likely lower than it can be, as Facebook, Inc. has been in investment mode, spending large amounts on both capital expenditure and buybacks to offset stock-based compensation.</p><p>Whether Facebook shares are overvalued depends on the prospective return from the current price. With Facebook shares at approx. $308, our forecasts (which remain unchanged from ourJanuary update) indicate an exit price of $467 and a total return of 52% (11.8% annualized) by 2024 year-end, which mean shares remain attractively-priced:</p><table><tbody><tr><td><p><i><b>Illustrative Facebook Return Forecasts</b></i></p><p><img src=\"https://static.tigerbbs.com/3b156c4063cbd9f139e2866ef53b585e\" tg-width=\"533\" tg-height=\"268\" referrerpolicy=\"no-referrer\"></p><p><i>Source: Librarian Capital estimates.</i></p></td></tr></tbody></table><p>Our return is driven by the 2024 exit price, in turn determined by the 2024 EPS and the exit multiple. The two key assumptions are thus a long-term mid-teens EPS CAGR and a 30x P/E, which we believe reasonable for reasons set out below.</p><p><b>Mid-Teens EPS CAGR Assumption</b></p><p>The mid-teens EPS CAGR assumption is supported by Facebook's record of strong revenue growth and potential margin expansion.</p><p>Revenue growth has been primarily driven by the number of users, the number of ads per user, and the average ad price - all of these remain powerful drivers. Apart from a brief COVID-related interruption in Q1 and Q2 of 2020, year-on-year ad revenue growth is still consistently exceeding 20%:</p><table><tbody><tr><td><p><i><b>Facebook Ad Revenue Growth Y/Y (Since 2017)</b></i></p><p><img src=\"https://static.tigerbbs.com/8f748de2f0be04726d11549d592c5318\" tg-width=\"678\" tg-height=\"257\" referrerpolicy=\"no-referrer\"></p><p><i>Source: Facebook company filings.</i></p></td></tr></tbody></table><p>While the Facebook social network may now be more mature, Instagram is still relatively new, and Facebook is also pursuing initiatives in e-commerce, Augmented Reality, payments, etc. In addition, Facebook has shown the ability to utilize its scale and existing user base as a “fast follower” on products and features, helped sometime by acquisitions (like Instagram and WhatsApp). We are confident that Facebook will continue to grow revenues strongly.</p><p>The mid-teens EPS CAGR assumption is also supported by the potential for margins to expand. We believe Facebook's current profit margin is lower than it can be - while EBIT has grown at double-digits in recent years, this represents a lag behind revenue growth. As Facebook is a platform business with low incremental costs, it should have natural operational leverage, but at present this is held back by intentionally high R&amp;D costs:</p><table><tbody><tr><td><p><i><b>Facebook Revenue &amp; EBIT Growth Y/Y</b></i></p><p><img src=\"https://static.tigerbbs.com/42c96b127facbce91a9adee79572ab9a\" tg-width=\"398\" tg-height=\"273\" referrerpolicy=\"no-referrer\"></p><p><i>Source: Facebook company filings.</i></p></td></tr></tbody></table><p>Actual spending has been consistently lower than guidance, showing the degree of management control over expenses. For example, for 2020, management had guided to $54-59bn of OpEx at the start of the year but ended up at $53bn; likewise, for 2019, management had guided to $43-46bn, but ended up at $42bn. The same pattern is also evident in CapEx.</p><p><b>30x P/E Assumption</b></p><p>The 30x P/E assumption is justified by the quality of Facebook's earnings and long-term interest rates.</p><p>We look at equity valuation through the Equity Risk Premium – equities should pay a premium over the risk-free rate, with the premium determined by the resilience and growth of the earnings.</p><p>For the risk-free rate, despite the recent spike, 10-year U.S. Treasuries still have a yield of 1.7% and 30-year ones have one of 2.4%; the yields have been below 2.5% and 3.0% respectively for most of last 5 years:</p><table><tbody><tr><td><p><i><b>U.S. Treasury Bond Yields</b></i></p><p><img src=\"https://static.tigerbbs.com/c90aec81c8498b6b48199d209d3188bc\" tg-width=\"907\" tg-height=\"179\" referrerpolicy=\"no-referrer\"></p><p><i>Source: Marketwatch (04-Apr-21).</i></p></td></tr></tbody></table><p>Compared to such fixed coupons, a multi-year compounder like Facebook growing at double-digits is attractive even at a 3.3% EPS Yield (i.e. a P/E of 30x). Facebook stock's current 31.3x P/E (on 2020 EPS) is also lower than the multiples for Alphabet (GOOG) and Microsoft (MSFT), both around 36x.</p><p><b>Regulatory &amp; Political Risks Overstated</b></p><p>Regulations and political controversies have been top-of-mind for investors, but these are manageable and may even entrench Facebook's position.</p><p>Facebook has a good record in managing regulatory issues. The European Union's 2018 Global Data Protection Regulation contained wide-ranging rules, yet Facebook's revenues in Europe grew by more than 20% in both 2019 and 2020. The Cambridge Analytica controversy involved the 2016 U.S. presidential election and 50m user profiles, yet Facebook ultimately resolved it with only a $5bn fine in 2019 and still made a $24bn EBIT that year.</p><p>Facebook has actually called for more regulation on content:</p><blockquote>“I don't think each service should individually decide what content or advertising is allowed during elections, or what content is harmful overall. There should be a more democratic process for determining these rules and regulations … That's why I've called for clearer regulation for our industry.” <i>Mark Zuckerberg, Facebook CEO (Q4 2019 earnings call)</i></blockquote><p>Due to Facebook's scale, regulations will be a manageable cost for them, but potentially a barrier for new entrants.</p><p>Facebook's business model - keeping users engaged to show them more ads, knowing enough about users to show them relevant ads - ultimately does not need political content, and Facebook has already been de-emphasizing this:</p><blockquote>“We stopped recommending civic and political groups in the U.S. ahead of the elections … now we plan to keep civic and political groups out of recommendations for the long term, and we plan to expand that policy globally … we're also currently considering steps we could take to reduce the amount of political content in News Feed as well … one of the top pieces of feedback we're hearing from our community right now is that people don't want politics and fighting to take over their experience on our services.” <i>Mark Zuckerberg, Facebook CEO (Q4 2020 earnings call)</i></blockquote><p>Facebook CEO Mark Zuckerberg'stestimony before Congressabout online misinformation in March 2021 passed without incident.</p><p>Facebook is also on strong grounds on anti-trust issues - being free to consumers, almost by definition it cannot cause \"consumer harm\", a key requirement in anti-trust laws in many countries; there is also plenty of choice in digital advertising for businesses.</p><p>Some governments have tried to force Facebook and Alphabet to pay traditional news media for content, but this has also been manageable. In the last few months Facebook has reached its own agreements inthe U.K.andAustralia, followingan existing templateused in recent years (as has Alphabet).</p><p><b>Competition with Other Big Tech</b></p><p>There have been some investor concerns about competition with other Big Tech, particularly Apple (AAPL). As Zuckerberg himself stated:</p><blockquote>“We increasingly see Apple as one of our biggest competitors ... we’re also seeing Apple’s business depend more and more on gaining share in apps and services against us and other developers. Apple has every incentive to use their dominant platform position to interfere with how our apps and other apps work, which they regularly do to preference their own.” <i>Mark Zuckerberg, Facebook CEO (Q4 2020 earnings call)</i></blockquote><p>One key development has been the App Track Transparency (\"ATT\") changes within iOS 14 in spring 2021, which will govern how apps target users and measure their activity. (The changes have already been delayed from their original September 2020 launch date.) This was singled out by Facebook management as a potential headwind in 2021:</p><blockquote>“While the timing of the iOS14 changes remains uncertain, we would expect to see an impact beginning late in the first quarter” <i>Dave Wehner, Facebook CFO (Q4 20 earnings call)</i></blockquote><p>However, ultimately we believe that Apple and Facebook (along with other Big Tech) will co-exist as \"frenemies\". Apple needs to provide the best consumer experience, and it generates significant income from other Tech companies (including an estimated $8-12bn annually from its Search partnership with Alphabet), so it cannot do everything on its own. Facebook's position is protected by its Technology, consumer loyalty, the Network Effect, and its platform synergies, just as we have described for Alphabet at ourinitiation. Regulations and anti-trust concerns will also likely prevent a “winner takes all” outcome in digital advertising.</p><p>It is worth noting that most attempts to challenge an emerging category leader in Technology have failed in the past: Alphabet tried to challenge Facebook with its own Orkut social network, but gave up in 2014; Facebook itself ended up buying WhatsApp (for $19bn in 2014) and Instagram (for $1bn in 2012) after its own challenges had failed.</p><p><b>Potential U.S. Tax Hike</b></p><p>Over the past few weeks, the Biden administration has proposed several tax increases that may affect Facebook:</p><ul><li>An increase in the U.S. corporate tax rate from 21% to 28% (compared to 35% before the 2017 tax cut)</li><li>An increase in the GILTI tax (on overseas earnings) from 11% to 21%</li><li>A global minimum tax of 21%, to be agreed with other countries, to counter offshore tax havens</li></ul><p>For context, Facebook is currently expecting its 2021 tax rate to be “in the high teens”; it was 14% in 2020 and 20% in 2019.</p><p>Goldman Sachs has estimated that there will be an average 9% EPS impact for Tech companies:</p><table><tbody><tr><td><p><i><b>Biden Tax Proposals’ Expected Impact on EPS by Sector</b></i></p><p><img src=\"https://static.tigerbbs.com/e6c3760718ebc2d5adb4a8cac152f8bb\" tg-width=\"512\" tg-height=\"334\" referrerpolicy=\"no-referrer\"></p><p><i>Source:Financial Times (05-Apr-21).</i></p></td></tr></tbody></table><p>We believe the impact on Facebook's share price will be marginal. While a higher tax rate would reduce the equity value of Facebook stock, it would do the same for other stocks, and would be offset by the improving macro outlook as COVID-19 is brought under control.</p><p><b>When Should You Buy Facebook Shares?</b></p><p>As a long-term investor, we do not try to time the market, and instead base our buying decisions on each stock's prospective return and the alternatives.</p><p>Given the quality of its franchise and the size of its long-term potential, we believe Facebook shares to be among the most attractive in the market today. The time to buy is now.</p><p>Facebook is set to announce its Q1 2021 results post-market on April 28. Existing guidance points to continuing strong growth, partly due to a weak prior year:</p><blockquote>“In the first half of 2021 we will be lapping a period of growth that was negatively impacted by reduced advertising demand during the early stages of the pandemic. As a result, we expect year-over-year growth rates in total revenue to remain stable or modestly accelerate sequentially in the first and second quarters of 2021. In the second half of the year we will lap periods of increasingly strong growth which will significantly pressure year-over-year growth rates” <i>Dave Wehner, Facebook CFO (Q4 2020 earnings call)</i></blockquote><p>With Q1 2021 results, we will likely also get a glimpse of the impact of the ATT changes in iOS 14. As we progress through the year, we should see the gradual end of the COVID-19 pandemic and how this affects Facebook. COVID-19 is now under much better control in the U.K. and U.S. thanks to vaccinations, but is worsening in Europe and LATAM.</p><p><b>Conclusion</b></p><p>Facebook's share price has reached a new all-time high, but we believe Facebook shares are attractively-priced even now.</p><p>With Facebook shares at approx. $308, we expect an exit price of $467 and a total return of 52% (11.8% annualized) in just under 4 years.</p><p>Our first key assumption is a long-term mid-teens EPS CAGR, supported by Facebook's strong revenue growth and potential margin expansion.</p><p>Our second key assumption is a 30x P/E, justified by the quality of earnings and long-term interest rates, even after the recent spike.</p><p>Upcoming events include Q1 results (on April 28), iOS 14 tracking changes, a potential U.S. tax hike and the post-COVID recovery.</p><p>We reiterate our Buy rating on Facebook stock.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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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\">\nIs Facebook Still At A Buy Point?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-09 11:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4417848-facebook-stock-still-buy><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryFacebook's share price has reached a new all-time high, but we believe they are attractively-priced even now.With Facebook shares at approx. $308, we expect an exit price of $467 and a total ...</p>\n\n<a href=\"https://seekingalpha.com/article/4417848-facebook-stock-still-buy\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://seekingalpha.com/article/4417848-facebook-stock-still-buy","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1197846121","content_text":"SummaryFacebook's share price has reached a new all-time high, but we believe they are attractively-priced even now.With Facebook shares at approx. $308, we expect an exit price of $467 and a total return of 52% (11.8% annualized) in just under 4 years.Our first key assumption is a long-term mid-teens EPS CAGR, supported by Facebook's strong revenue growth and potential margin expansion.Our second key assumption is a 30x P/E, justified by the quality of earnings and long-term interest rates, even after the recent spike.Upcoming events include Q1 results (on April 28), iOS 14 tracking changes, a potential U.S. tax hike and the post-COVID recovery.Facebook Stock Price at All-Time HighWe review Facebook (FB) after shares have just reached a new all-time high, at approx. $308 on Tuesday (April 5) morning.Weinitiatedour Buy rating on Facebook in March 2019, and reiterated itmultiple timessince. By Easter weekend, Facebook shares had already risen 74.4%, doubling from the start of 2019 and rising9.3% year-to-date:Facebook Share Price vs. Alphabet and S&P 500 (Since 2019)Source:Yahoo Finance (04-Apr-21).Is Facebook Overvalued?At $308, Facebook stock is trading at a P/E of 31.3x and a Free Cash Flow (\"FCF\") Yield of 1.6% (net of cash worth 6% of the market capitalization):Facebook Net Income, Cashflows & ValuationSource:Facebook company filings.FCF is likely lower than it can be, as Facebook, Inc. has been in investment mode, spending large amounts on both capital expenditure and buybacks to offset stock-based compensation.Whether Facebook shares are overvalued depends on the prospective return from the current price. With Facebook shares at approx. $308, our forecasts (which remain unchanged from ourJanuary update) indicate an exit price of $467 and a total return of 52% (11.8% annualized) by 2024 year-end, which mean shares remain attractively-priced:Illustrative Facebook Return ForecastsSource: Librarian Capital estimates.Our return is driven by the 2024 exit price, in turn determined by the 2024 EPS and the exit multiple. The two key assumptions are thus a long-term mid-teens EPS CAGR and a 30x P/E, which we believe reasonable for reasons set out below.Mid-Teens EPS CAGR AssumptionThe mid-teens EPS CAGR assumption is supported by Facebook's record of strong revenue growth and potential margin expansion.Revenue growth has been primarily driven by the number of users, the number of ads per user, and the average ad price - all of these remain powerful drivers. Apart from a brief COVID-related interruption in Q1 and Q2 of 2020, year-on-year ad revenue growth is still consistently exceeding 20%:Facebook Ad Revenue Growth Y/Y (Since 2017)Source: Facebook company filings.While the Facebook social network may now be more mature, Instagram is still relatively new, and Facebook is also pursuing initiatives in e-commerce, Augmented Reality, payments, etc. In addition, Facebook has shown the ability to utilize its scale and existing user base as a “fast follower” on products and features, helped sometime by acquisitions (like Instagram and WhatsApp). We are confident that Facebook will continue to grow revenues strongly.The mid-teens EPS CAGR assumption is also supported by the potential for margins to expand. We believe Facebook's current profit margin is lower than it can be - while EBIT has grown at double-digits in recent years, this represents a lag behind revenue growth. As Facebook is a platform business with low incremental costs, it should have natural operational leverage, but at present this is held back by intentionally high R&D costs:Facebook Revenue & EBIT Growth Y/YSource: Facebook company filings.Actual spending has been consistently lower than guidance, showing the degree of management control over expenses. For example, for 2020, management had guided to $54-59bn of OpEx at the start of the year but ended up at $53bn; likewise, for 2019, management had guided to $43-46bn, but ended up at $42bn. The same pattern is also evident in CapEx.30x P/E AssumptionThe 30x P/E assumption is justified by the quality of Facebook's earnings and long-term interest rates.We look at equity valuation through the Equity Risk Premium – equities should pay a premium over the risk-free rate, with the premium determined by the resilience and growth of the earnings.For the risk-free rate, despite the recent spike, 10-year U.S. Treasuries still have a yield of 1.7% and 30-year ones have one of 2.4%; the yields have been below 2.5% and 3.0% respectively for most of last 5 years:U.S. Treasury Bond YieldsSource: Marketwatch (04-Apr-21).Compared to such fixed coupons, a multi-year compounder like Facebook growing at double-digits is attractive even at a 3.3% EPS Yield (i.e. a P/E of 30x). Facebook stock's current 31.3x P/E (on 2020 EPS) is also lower than the multiples for Alphabet (GOOG) and Microsoft (MSFT), both around 36x.Regulatory & Political Risks OverstatedRegulations and political controversies have been top-of-mind for investors, but these are manageable and may even entrench Facebook's position.Facebook has a good record in managing regulatory issues. The European Union's 2018 Global Data Protection Regulation contained wide-ranging rules, yet Facebook's revenues in Europe grew by more than 20% in both 2019 and 2020. The Cambridge Analytica controversy involved the 2016 U.S. presidential election and 50m user profiles, yet Facebook ultimately resolved it with only a $5bn fine in 2019 and still made a $24bn EBIT that year.Facebook has actually called for more regulation on content:“I don't think each service should individually decide what content or advertising is allowed during elections, or what content is harmful overall. There should be a more democratic process for determining these rules and regulations … That's why I've called for clearer regulation for our industry.” Mark Zuckerberg, Facebook CEO (Q4 2019 earnings call)Due to Facebook's scale, regulations will be a manageable cost for them, but potentially a barrier for new entrants.Facebook's business model - keeping users engaged to show them more ads, knowing enough about users to show them relevant ads - ultimately does not need political content, and Facebook has already been de-emphasizing this:“We stopped recommending civic and political groups in the U.S. ahead of the elections … now we plan to keep civic and political groups out of recommendations for the long term, and we plan to expand that policy globally … we're also currently considering steps we could take to reduce the amount of political content in News Feed as well … one of the top pieces of feedback we're hearing from our community right now is that people don't want politics and fighting to take over their experience on our services.” Mark Zuckerberg, Facebook CEO (Q4 2020 earnings call)Facebook CEO Mark Zuckerberg'stestimony before Congressabout online misinformation in March 2021 passed without incident.Facebook is also on strong grounds on anti-trust issues - being free to consumers, almost by definition it cannot cause \"consumer harm\", a key requirement in anti-trust laws in many countries; there is also plenty of choice in digital advertising for businesses.Some governments have tried to force Facebook and Alphabet to pay traditional news media for content, but this has also been manageable. In the last few months Facebook has reached its own agreements inthe U.K.andAustralia, followingan existing templateused in recent years (as has Alphabet).Competition with Other Big TechThere have been some investor concerns about competition with other Big Tech, particularly Apple (AAPL). As Zuckerberg himself stated:“We increasingly see Apple as one of our biggest competitors ... we’re also seeing Apple’s business depend more and more on gaining share in apps and services against us and other developers. Apple has every incentive to use their dominant platform position to interfere with how our apps and other apps work, which they regularly do to preference their own.” Mark Zuckerberg, Facebook CEO (Q4 2020 earnings call)One key development has been the App Track Transparency (\"ATT\") changes within iOS 14 in spring 2021, which will govern how apps target users and measure their activity. (The changes have already been delayed from their original September 2020 launch date.) This was singled out by Facebook management as a potential headwind in 2021:“While the timing of the iOS14 changes remains uncertain, we would expect to see an impact beginning late in the first quarter” Dave Wehner, Facebook CFO (Q4 20 earnings call)However, ultimately we believe that Apple and Facebook (along with other Big Tech) will co-exist as \"frenemies\". Apple needs to provide the best consumer experience, and it generates significant income from other Tech companies (including an estimated $8-12bn annually from its Search partnership with Alphabet), so it cannot do everything on its own. Facebook's position is protected by its Technology, consumer loyalty, the Network Effect, and its platform synergies, just as we have described for Alphabet at ourinitiation. Regulations and anti-trust concerns will also likely prevent a “winner takes all” outcome in digital advertising.It is worth noting that most attempts to challenge an emerging category leader in Technology have failed in the past: Alphabet tried to challenge Facebook with its own Orkut social network, but gave up in 2014; Facebook itself ended up buying WhatsApp (for $19bn in 2014) and Instagram (for $1bn in 2012) after its own challenges had failed.Potential U.S. Tax HikeOver the past few weeks, the Biden administration has proposed several tax increases that may affect Facebook:An increase in the U.S. corporate tax rate from 21% to 28% (compared to 35% before the 2017 tax cut)An increase in the GILTI tax (on overseas earnings) from 11% to 21%A global minimum tax of 21%, to be agreed with other countries, to counter offshore tax havensFor context, Facebook is currently expecting its 2021 tax rate to be “in the high teens”; it was 14% in 2020 and 20% in 2019.Goldman Sachs has estimated that there will be an average 9% EPS impact for Tech companies:Biden Tax Proposals’ Expected Impact on EPS by SectorSource:Financial Times (05-Apr-21).We believe the impact on Facebook's share price will be marginal. While a higher tax rate would reduce the equity value of Facebook stock, it would do the same for other stocks, and would be offset by the improving macro outlook as COVID-19 is brought under control.When Should You Buy Facebook Shares?As a long-term investor, we do not try to time the market, and instead base our buying decisions on each stock's prospective return and the alternatives.Given the quality of its franchise and the size of its long-term potential, we believe Facebook shares to be among the most attractive in the market today. The time to buy is now.Facebook is set to announce its Q1 2021 results post-market on April 28. Existing guidance points to continuing strong growth, partly due to a weak prior year:“In the first half of 2021 we will be lapping a period of growth that was negatively impacted by reduced advertising demand during the early stages of the pandemic. As a result, we expect year-over-year growth rates in total revenue to remain stable or modestly accelerate sequentially in the first and second quarters of 2021. In the second half of the year we will lap periods of increasingly strong growth which will significantly pressure year-over-year growth rates” Dave Wehner, Facebook CFO (Q4 2020 earnings call)With Q1 2021 results, we will likely also get a glimpse of the impact of the ATT changes in iOS 14. As we progress through the year, we should see the gradual end of the COVID-19 pandemic and how this affects Facebook. COVID-19 is now under much better control in the U.K. and U.S. thanks to vaccinations, but is worsening in Europe and LATAM.ConclusionFacebook's share price has reached a new all-time high, but we believe Facebook shares are attractively-priced even now.With Facebook shares at approx. $308, we expect an exit price of $467 and a total return of 52% (11.8% annualized) in just under 4 years.Our first key assumption is a long-term mid-teens EPS CAGR, supported by Facebook's strong revenue growth and potential margin expansion.Our second key assumption is a 30x P/E, justified by the quality of earnings and long-term interest rates, even after the recent spike.Upcoming events include Q1 results (on April 28), iOS 14 tracking changes, a potential U.S. tax hike and the post-COVID recovery.We reiterate our Buy rating on Facebook stock.","news_type":1},"isVote":1,"tweetType":1,"viewCount":141,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":689685502,"gmtCreate":1655545289011,"gmtModify":1704862662378,"author":{"id":"3567410774681125","authorId":"3567410774681125","name":"巧蓁","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567410774681125","authorIdStr":"3567410774681125"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/689685502","repostId":"2244756701","repostType":4,"repost":{"id":"2244756701","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1655532541,"share":"https://www.laohu8.com/m/news/2244756701?lang=&edition=full","pubTime":"2022-06-18 14:09","market":"us","language":"en","title":"Warren Buffett Charity Lunch Fetches Winning Bid of $19 Mln","url":"https://stock-news.laohu8.com/highlight/detail?id=2244756701","media":"Reuters","summary":"A lucky, and likely wealthy, person bid more than $19 million to dine with Warren Buffett, in the 21","content":"<html><head></head><body><p>A lucky, and likely wealthy, person bid more than $19 million to dine with Warren Buffett, in the 21st and final time that the billionaire businessman auctioned a private lunch to benefit a San Francisco charity.</p><p>The winning bid in the <a href=\"https://laohu8.com/S/EBAY\">eBay</a> auction that ended on Friday night far surpassed the previous record of $4.57 million, paid in 2019 by cryptocurrency entrepreneur Justin Sun, although the new winner&#39;s identity could not immediately be determined.</p><p>Proceeds benefit Glide, a nonprofit in San Francisco&#39;s Tenderloin district that helps the poor, homeless or those battling substance abuse. Glide offers meals, shelter, HIV and hepatitis C tests, job training and children&#39;s programs.</p><p>Buffett, 91, the chairman and chief executive of Berkshire Hathaway Inc   , has raised more than $53.2 million for Glide in the 21 auctions, which began in 2000.</p><p>An eBay spokeswoman said the lunch was the most expensive item ever sold on the company&#39;s website to benefit charity.</p><p>No auctions were held in 2020 and 2021 because of the COVID-19 pandemic.</p><p>Buffett became a supporter of Glide after his first wife Susan, who died in 2004, introduced him to the charity, where she had been volunteering.</p><p>He has also pledged to give away nearly all of his fortune. Buffett was worth $93.4 billion on Friday, ranking seventh worldwide, according to Forbes magazine.</p><p>This year&#39;s auction winner and up to seven guests will dine with Buffett at the Smith &amp; Wollensky steakhouse in <a href=\"https://laohu8.com/S/MHC.AU\">Manhattan</a>.</p><p>Buffett will talk about almost anything, but not where he may invest next.</p><p>Hedge fund managers David Einhorn and Ted Weschler are among previous auction winners.</p><p>Weschler became a Berkshire portfolio manager after paying a combined $5.25 million to win the 2010 and 2011 auctions.</p><p>Berkshire owns dozens of companies including the BNSF railroad, Geico car insurance, energy, manufacturing and retail businesses, and stocks such as Apple Inc    and $Bank of America Corp(BAC-N)$   .</p><p>Buffett still owns nearly 16% of the Omaha, Nebraska-based conglomerate, despite having donated more than half of his shares since 2006, including $4 billion on June 14.</p></body></html>","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>Warren Buffett Charity Lunch Fetches Winning Bid of $19 Mln</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\">\nWarren Buffett Charity Lunch Fetches Winning Bid of $19 Mln\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-06-18 14:09</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>A lucky, and likely wealthy, person bid more than $19 million to dine with Warren Buffett, in the 21st and final time that the billionaire businessman auctioned a private lunch to benefit a San Francisco charity.</p><p>The winning bid in the <a href=\"https://laohu8.com/S/EBAY\">eBay</a> auction that ended on Friday night far surpassed the previous record of $4.57 million, paid in 2019 by cryptocurrency entrepreneur Justin Sun, although the new winner&#39;s identity could not immediately be determined.</p><p>Proceeds benefit Glide, a nonprofit in San Francisco&#39;s Tenderloin district that helps the poor, homeless or those battling substance abuse. Glide offers meals, shelter, HIV and hepatitis C tests, job training and children&#39;s programs.</p><p>Buffett, 91, the chairman and chief executive of Berkshire Hathaway Inc   , has raised more than $53.2 million for Glide in the 21 auctions, which began in 2000.</p><p>An eBay spokeswoman said the lunch was the most expensive item ever sold on the company&#39;s website to benefit charity.</p><p>No auctions were held in 2020 and 2021 because of the COVID-19 pandemic.</p><p>Buffett became a supporter of Glide after his first wife Susan, who died in 2004, introduced him to the charity, where she had been volunteering.</p><p>He has also pledged to give away nearly all of his fortune. Buffett was worth $93.4 billion on Friday, ranking seventh worldwide, according to Forbes magazine.</p><p>This year&#39;s auction winner and up to seven guests will dine with Buffett at the Smith &amp; Wollensky steakhouse in <a href=\"https://laohu8.com/S/MHC.AU\">Manhattan</a>.</p><p>Buffett will talk about almost anything, but not where he may invest next.</p><p>Hedge fund managers David Einhorn and Ted Weschler are among previous auction winners.</p><p>Weschler became a Berkshire portfolio manager after paying a combined $5.25 million to win the 2010 and 2011 auctions.</p><p>Berkshire owns dozens of companies including the BNSF railroad, Geico car insurance, energy, manufacturing and retail businesses, and stocks such as Apple Inc    and $Bank of America Corp(BAC-N)$   .</p><p>Buffett still owns nearly 16% of the Omaha, Nebraska-based conglomerate, despite having donated more than half of his shares since 2006, including $4 billion on June 14.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4576":"AR","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4566":"资本集团","BK4575":"芯片概念","QNETCN":"纳斯达克中美互联网老虎指数","BAC":"美国银行","BK4524":"宅经济概念","BK4534":"瑞士信贷持仓","BK4559":"巴菲特持仓","BK4527":"明星科技股","BK4501":"段永平概念","BK4550":"红杉资本持仓","BK4579":"人工智能","BK4122":"互联网与直销零售","BK4207":"综合性银行","BK4574":"无人驾驶","BK4573":"虚拟现实","BK4505":"高瓴资本持仓","BK4581":"高盛持仓","BK4504":"桥水持仓","BK4512":"苹果概念","BK4170":"电脑硬件、储存设备及电脑周边","BRK.B":"伯克希尔B","BK4176":"多领域控股","BRK.A":"伯克希尔","EBAY":"eBay","BK4554":"元宇宙及AR概念","BK4532":"文艺复兴科技持仓","BK4515":"5G概念","BK4553":"喜马拉雅资本持仓","AAPL":"苹果","BK4571":"数字音乐概念","BK4507":"流媒体概念"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2244756701","content_text":"A lucky, and likely wealthy, person bid more than $19 million to dine with Warren Buffett, in the 21st and final time that the billionaire businessman auctioned a private lunch to benefit a San Francisco charity.The winning bid in the eBay auction that ended on Friday night far surpassed the previous record of $4.57 million, paid in 2019 by cryptocurrency entrepreneur Justin Sun, although the new winner's identity could not immediately be determined.Proceeds benefit Glide, a nonprofit in San Francisco's Tenderloin district that helps the poor, homeless or those battling substance abuse. Glide offers meals, shelter, HIV and hepatitis C tests, job training and children's programs.Buffett, 91, the chairman and chief executive of Berkshire Hathaway Inc   , has raised more than $53.2 million for Glide in the 21 auctions, which began in 2000.An eBay spokeswoman said the lunch was the most expensive item ever sold on the company's website to benefit charity.No auctions were held in 2020 and 2021 because of the COVID-19 pandemic.Buffett became a supporter of Glide after his first wife Susan, who died in 2004, introduced him to the charity, where she had been volunteering.He has also pledged to give away nearly all of his fortune. Buffett was worth $93.4 billion on Friday, ranking seventh worldwide, according to Forbes magazine.This year's auction winner and up to seven guests will dine with Buffett at the Smith & Wollensky steakhouse in Manhattan.Buffett will talk about almost anything, but not where he may invest next.Hedge fund managers David Einhorn and Ted Weschler are among previous auction winners.Weschler became a Berkshire portfolio manager after paying a combined $5.25 million to win the 2010 and 2011 auctions.Berkshire owns dozens of companies including the BNSF railroad, Geico car insurance, energy, manufacturing and retail businesses, and stocks such as Apple Inc    and $Bank of America Corp(BAC-N)$   .Buffett still owns nearly 16% of the Omaha, Nebraska-based conglomerate, despite having donated more than half of his shares since 2006, including $4 billion on June 14.","news_type":1},"isVote":1,"tweetType":1,"viewCount":107,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":689685777,"gmtCreate":1655545316503,"gmtModify":1704862662726,"author":{"id":"3567410774681125","authorId":"3567410774681125","name":"巧蓁","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567410774681125","authorIdStr":"3567410774681125"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/689685777","repostId":"1164445096","repostType":4,"repost":{"id":"1164445096","pubTimestamp":1655478515,"share":"https://www.laohu8.com/m/news/1164445096?lang=&edition=full","pubTime":"2022-06-17 23:08","market":"us","language":"en","title":"U.S. Super Stock Options Expiry May Bring Short Market Respite","url":"https://stock-news.laohu8.com/highlight/detail?id=1164445096","media":"Reuters","summary":"An unusually large quarterly expiration of U.S. stock futures and options on Friday is likely to boo","content":"<html><head></head><body><p>An unusually large quarterly expiration of U.S. stock futures and options on Friday is likely to boost trading volumes and add to volatility, market strategists said, with some even expecting it to trigger a relief rally at the end of a turbulent week.</p><p>Friday marks the once-a-quarter, simultaneous expiry of stock options, stock index futures and index option contracts, with investors unwinding old positions and putting on new ones.</p><p>&#34;Many market makers who sold puts hedged their exposure with a short market position,&#34; said Michael Oyster, chief investment officer at Chicago-based Options Solutions.</p><p>&#34;As those put options expire, the hedges are reversed, in this case through a short-covering purchase,&#34; Oyster said, adding this could provide some support to the market.</p><p>About 64% of all S&amp;P 500 index puts stand to expire &#34;in-the-money&#34;, while 96% of the June call open interest is set to expire &#34;out-of-the-money&#34; or worthless, Options Solutions said.</p><p>An option gives the buyer the right to buy or sell a security at a given price on a given date. Buying a call option is a bet the underlying asset will rise in price, while the opposite holds for a put option.</p><p>Analytic services SpotGamma said there are a significant number of deep &#34;in-the-money&#34; puts expiring, similar in size to when markets crashed in March 2020, referring to protective options that have risen in value due to the market&#39;s fall.</p><p>&#34;These positions are likely adding to the overall market volatility,&#34; said SpotGamma founder Brent Kochuba.</p><p>Goldman Sachs estimated this week that about $3.4 trillion of U.S. stock options were set to expire on Friday, a much larger than usual quarterly figure.</p><p>U.S. markets will be shut on Monday for the Juneteenth holiday.</p><p>Some market participants expect more demand for hedging of portfolios as investors face a possible recession. A large number of bearish positions expiring could also provide some relief in the near term, they said.</p><p>The Federal Reserve&#39;s 75 basis point interest rate hike on Wednesday and the possibility of more hikes to tame decades-high inflation has put the S&amp;P 500 on course for its worst weekly performance since the pandemic-led crash in 2020.</p><p>The U.S. benchmark index is already in a bear market, after falling more than 20% from its all-time high.</p><p>&#34;Now that the big Fed shoe has dropped, in the absence of other news, markets may take a breather...but a sustained recovery may remain elusive for now,&#34; Oyster said.</p></body></html>","source":"lsy1601381805984","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>U.S. Super Stock Options Expiry May Bring Short Market Respite</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\">\nU.S. Super Stock Options Expiry May Bring Short Market Respite\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-17 23:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/u-super-stock-options-expiry-142037424.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>An unusually large quarterly expiration of U.S. stock futures and options on Friday is likely to boost trading volumes and add to volatility, market strategists said, with some even expecting it to ...</p>\n\n<a href=\"https://finance.yahoo.com/news/u-super-stock-options-expiry-142037424.html\">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://finance.yahoo.com/news/u-super-stock-options-expiry-142037424.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1164445096","content_text":"An unusually large quarterly expiration of U.S. stock futures and options on Friday is likely to boost trading volumes and add to volatility, market strategists said, with some even expecting it to trigger a relief rally at the end of a turbulent week.Friday marks the once-a-quarter, simultaneous expiry of stock options, stock index futures and index option contracts, with investors unwinding old positions and putting on new ones.\"Many market makers who sold puts hedged their exposure with a short market position,\" said Michael Oyster, chief investment officer at Chicago-based Options Solutions.\"As those put options expire, the hedges are reversed, in this case through a short-covering purchase,\" Oyster said, adding this could provide some support to the market.About 64% of all S&P 500 index puts stand to expire \"in-the-money\", while 96% of the June call open interest is set to expire \"out-of-the-money\" or worthless, Options Solutions said.An option gives the buyer the right to buy or sell a security at a given price on a given date. Buying a call option is a bet the underlying asset will rise in price, while the opposite holds for a put option.Analytic services SpotGamma said there are a significant number of deep \"in-the-money\" puts expiring, similar in size to when markets crashed in March 2020, referring to protective options that have risen in value due to the market's fall.\"These positions are likely adding to the overall market volatility,\" said SpotGamma founder Brent Kochuba.Goldman Sachs estimated this week that about $3.4 trillion of U.S. stock options were set to expire on Friday, a much larger than usual quarterly figure.U.S. markets will be shut on Monday for the Juneteenth holiday.Some market participants expect more demand for hedging of portfolios as investors face a possible recession. A large number of bearish positions expiring could also provide some relief in the near term, they said.The Federal Reserve's 75 basis point interest rate hike on Wednesday and the possibility of more hikes to tame decades-high inflation has put the S&P 500 on course for its worst weekly performance since the pandemic-led crash in 2020.The U.S. benchmark index is already in a bear market, after falling more than 20% from its all-time high.\"Now that the big Fed shoe has dropped, in the absence of other news, markets may take a breather...but a sustained recovery may remain elusive for now,\" Oyster said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":108,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":689685460,"gmtCreate":1655545299654,"gmtModify":1704862662552,"author":{"id":"3567410774681125","authorId":"3567410774681125","name":"巧蓁","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567410774681125","authorIdStr":"3567410774681125"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/689685460","repostId":"1175497880","repostType":4,"repost":{"id":"1175497880","pubTimestamp":1655478123,"share":"https://www.laohu8.com/m/news/1175497880?lang=&edition=full","pubTime":"2022-06-17 23:02","market":"us","language":"en","title":"6 Widely Held Stocks to Sell Because They’re Poised to Plunge","url":"https://stock-news.laohu8.com/highlight/detail?id=1175497880","media":"InvestorPlace","summary":"These stocks are widely held but also in position to lose value.International Business Machines(IBM): Ignore IBM’s declining profitability and business risk at your peril.GeneralElectric(GE): GE canno","content":"<html><head></head><body><ul><li>These stocks are widely held but also in position to lose value.</li><li><b>International Business Machines</b> (<b><u>IBM</u></b>): Ignore IBM’s declining profitability and business risk at your peril.</li><li><b>General</b> <b>Electric</b>(<b><u>GE</u></b>): GE cannot shake long-term woes.</li><li><b>SoFiTechnologies</b>(<b><u>SOFI</u></b>): A potential reverse stock split is a warning sign to heed.</li><li><b>AMC Entertainment</b>(<b><u>AMC</u></b>): A single box office hit doesn’t change the trajectory of AMC.</li><li><b>Snap</b>(<b><u>SNAP</u></b>): Side with caution after the company warns of a miss.</li><li><b>BeyondMeat</b>(<b><u>BYND</u></b>): Growth stocks with greater than expected losses will suffer especially, BYND proves that.</li></ul><p>Running with the “in crowd” can be disastrous. In this case, we’re talking about stocks to sell, and not good kids who fall in with popular students who lack bright futures.</p><p>The danger here isn’t heading down the wrong path and squandering one’s future potential. Instead, the in crowd here relates to stocks that have broad ownership. That can be a real detriment because broad ownership implies that the market has correctly placed its collective capital behind shares with bright futures. That impression causes demand to rise, bringing prices higher.</p><p>Of course, this doesn’t always pan out. This year is littered with once heralded shares that have since declined. Some may never rebound.</p><p>That’s what this list is all about: Stocks that are broadly held but to be wary of. Time will tell, of course, but the companies listed above look to be in position to decline further despite wide holdings.</p><p><b>Stocks to Sell: International Business Machines (IBM)</b></p><p>There are a few reasons investors could be persuaded to purchase <b>International Business Machines</b> (NYSE:<b><u>IBM</u></b>) stock right now. The legacy computer company had a stronger than expected quarter when it last reported earnings. Revenues reached $14.2 billion, ahead of the $13.78 billion Wall Street was expecting. That was driven by a renewed focus on the cloud, with the firm’s hybrid cloud being heralded as responsible for the surge. If that weren’t enough, IBM has also been lauded for its very attractive dividend that yields above 4.5%.</p><p>But buyer beware. For one, IBM’s profits reached $733 million during the period. That was far lower than the $955 million profit figure it posted a year earlier. Further, IBM has trouble in the form of <b>Kyndryl</b>(NYSE:<b><u>KD</u></b>), the IT arm spun out from IBM earlier.</p><p>IBM was recently ordered to pay $1.6 billion to BMC for work the two companies performed for <b>AT&amp;T</b>(NYSE:<b><u>T</u></b>). That work was performed by IBM business divisions that now operate under the Kyndryl name, thus IBM claims it shouldn’t be on the hook for the damages. That inherent risk coupled with declining profits ought to make investors think twice.</p><p><b>General Electric (GE)</b></p><p><b>General Electric</b>(NYSE:<b><u>GE</u></b>) is a story of an American industrial titan in decline. As much as you want to root for it, the stock’s broader trajectory seems to serve as a fair warning against doing so.</p><p>Any long-term investor that’s established a position in GE in the last two decades will likely attest to that notion. In that time period, GE has gone through stretches where its value slowly creeps upward only to bust, taking shareholder capital with it.</p><p>The company is attempting to manufacture a turnaround yet again. This time it is reorganizing its corporate structure, spinning off its renewable energy and healthcare units. The thesis will of course be that it can then find renewed efficiency in those leaner operations.</p><p>Last year GE undertook a stock split to prop up flagging shares. That temporarily worked, only to later taper off. That’s the broader story of GE.</p><p><b>SoFi Technologies (SOFI)</b></p><p>Investors who were considering purchasing shares of <b>SoFi Technologies</b>(NASDAQ:<b><u>SOFI</u></b>) stock should tread carefully.</p><p>For one, the company is considering a reverse stock split which will be up for a vote at the upcoming July 12 annual shareholders meeting. In general, a reverse stock split is a very negative sign. In a reverse stock split, a company decreases the number of shares outstanding in order to inflate the value of the remaining shares.</p><p>Such moves are often viewed as a way to artificially increase price while underlying fundamentals remain unchanged. The move comes after SOFI stock has lost roughly 60% of its value this year.</p><p>The other reason to remain skeptical of SoFi is that the student loan debt forgiveness debate remains muddled. The stock plunged when the Biden administration announced its latest extension of the moratorium in early April. Now that Biden’s administration has delayed any concrete moves again until later this summer, another possible extension appears very possible.</p><p><b>Stocks to Sell: AMC Entertainment (AMC)</b></p><p>The bull thesis for <b>AMC Entertainment</b>(NYSE:<b><u>AMC</u></b>) stock is generally that the retail investors that have propped it up, continue to have the power to do so. The idea is that the next catalyst might be the one to ignite another short squeeze.</p><p>Although short interest in AMC stock remains very high the box office success of<i>Top Gun: Maverick</i>isn’t the tinder to stoke another fire. I recently wrote that the economic reality of <i>Top Gun</i> can’t negate AMC’s history of losses. AMC lost $337 million in its last reported quarter.</p><p>This article implies that AMC controls roughly one-third of screens and makes gross proceeds of 60% on that market position. So, long story short,<i>Top Gun: Maverick’s</i>current $357 million box office likely results in roughly $70 million in gross proceeds thus far.</p><p>It’s a very positive step in the right direction to be sure, but it simply can’t negate the implications of a $337 million loss in the previous period.</p><p><b>Snap (SNAP)</b></p><p>There isn’t that much to report when it comes to <b>Snap</b>(NYSE:<b><u>SNAP</u></b>) stock. There’s no gotcha moment when it comes to late May news the company issued. That news was that the company doesn’t expect to meet the low end of its prior revenue and EBITDA guidance for Q2. in other words, there’s nothing suggesting that investors should buy SNAP stock based on s silver lining.</p><p>There isn’t one. Snap had its worst month ever and has declined in eight of the last nine months along with the last three in a row.</p><p>Part of the reason is that ad revenues aren’t what they once were. Increasingly advertisers are turning to Instagram and TikTok where Snap had been favored. As long as competitors are seen as being more capable of adjusting to <b>Apple’s</b>(NASDAQ:<b><u>AAPL</u></b>) privacy changes Snap will continue to suffer.</p><p><b>Stocks to Sell: Beyond Meat (BYND)</b></p><p>When growth stocks were the rage, <b>Beyond Meat</b>(NASDAQ:<b><u>BYND</u></b>) stock was riding high. Investors had little concern about the company’s lack of efficiency or losses. All that mattered was that the alternative meat market seemed hot and the company showed growth.</p><p>But now that the U.S. is shifting away from a prolonged period in which capital was inexpensive, growth is out. Investors certainly care now that Beyond Meat posted a net loss of $100.5 million. And those who may have still been on board jumped ship when EPS losses reached $1.58on the expectation of 98-cent losses.</p><p>The vague notion of becoming “tomorrow’s global protein company” has lost a lot of its luster as losses widen.</p></body></html>","source":"lsy1606302653667","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>6 Widely Held Stocks to Sell Because They’re Poised to Plunge</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\">\n6 Widely Held Stocks to Sell Because They’re Poised to Plunge\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-17 23:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/06/7-widely-held-stocks-to-sell-poised-plunge/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>These stocks are widely held but also in position to lose value.International Business Machines (IBM): Ignore IBM’s declining profitability and business risk at your peril.General Electric(GE): GE ...</p>\n\n<a href=\"https://investorplace.com/2022/06/7-widely-held-stocks-to-sell-poised-plunge/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BYND":"Beyond Meat, Inc.","IBM":"IBM","SOFI":"SoFi Technologies Inc.","GE":"GE航空航天","SNAP":"Snap Inc","AMC":"AMC院线"},"source_url":"https://investorplace.com/2022/06/7-widely-held-stocks-to-sell-poised-plunge/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175497880","content_text":"These stocks are widely held but also in position to lose value.International Business Machines (IBM): Ignore IBM’s declining profitability and business risk at your peril.General Electric(GE): GE cannot shake long-term woes.SoFiTechnologies(SOFI): A potential reverse stock split is a warning sign to heed.AMC Entertainment(AMC): A single box office hit doesn’t change the trajectory of AMC.Snap(SNAP): Side with caution after the company warns of a miss.BeyondMeat(BYND): Growth stocks with greater than expected losses will suffer especially, BYND proves that.Running with the “in crowd” can be disastrous. In this case, we’re talking about stocks to sell, and not good kids who fall in with popular students who lack bright futures.The danger here isn’t heading down the wrong path and squandering one’s future potential. Instead, the in crowd here relates to stocks that have broad ownership. That can be a real detriment because broad ownership implies that the market has correctly placed its collective capital behind shares with bright futures. That impression causes demand to rise, bringing prices higher.Of course, this doesn’t always pan out. This year is littered with once heralded shares that have since declined. Some may never rebound.That’s what this list is all about: Stocks that are broadly held but to be wary of. Time will tell, of course, but the companies listed above look to be in position to decline further despite wide holdings.Stocks to Sell: International Business Machines (IBM)There are a few reasons investors could be persuaded to purchase International Business Machines (NYSE:IBM) stock right now. The legacy computer company had a stronger than expected quarter when it last reported earnings. Revenues reached $14.2 billion, ahead of the $13.78 billion Wall Street was expecting. That was driven by a renewed focus on the cloud, with the firm’s hybrid cloud being heralded as responsible for the surge. If that weren’t enough, IBM has also been lauded for its very attractive dividend that yields above 4.5%.But buyer beware. For one, IBM’s profits reached $733 million during the period. That was far lower than the $955 million profit figure it posted a year earlier. Further, IBM has trouble in the form of Kyndryl(NYSE:KD), the IT arm spun out from IBM earlier.IBM was recently ordered to pay $1.6 billion to BMC for work the two companies performed for AT&T(NYSE:T). That work was performed by IBM business divisions that now operate under the Kyndryl name, thus IBM claims it shouldn’t be on the hook for the damages. That inherent risk coupled with declining profits ought to make investors think twice.General Electric (GE)General Electric(NYSE:GE) is a story of an American industrial titan in decline. As much as you want to root for it, the stock’s broader trajectory seems to serve as a fair warning against doing so.Any long-term investor that’s established a position in GE in the last two decades will likely attest to that notion. In that time period, GE has gone through stretches where its value slowly creeps upward only to bust, taking shareholder capital with it.The company is attempting to manufacture a turnaround yet again. This time it is reorganizing its corporate structure, spinning off its renewable energy and healthcare units. The thesis will of course be that it can then find renewed efficiency in those leaner operations.Last year GE undertook a stock split to prop up flagging shares. That temporarily worked, only to later taper off. That’s the broader story of GE.SoFi Technologies (SOFI)Investors who were considering purchasing shares of SoFi Technologies(NASDAQ:SOFI) stock should tread carefully.For one, the company is considering a reverse stock split which will be up for a vote at the upcoming July 12 annual shareholders meeting. In general, a reverse stock split is a very negative sign. In a reverse stock split, a company decreases the number of shares outstanding in order to inflate the value of the remaining shares.Such moves are often viewed as a way to artificially increase price while underlying fundamentals remain unchanged. The move comes after SOFI stock has lost roughly 60% of its value this year.The other reason to remain skeptical of SoFi is that the student loan debt forgiveness debate remains muddled. The stock plunged when the Biden administration announced its latest extension of the moratorium in early April. Now that Biden’s administration has delayed any concrete moves again until later this summer, another possible extension appears very possible.Stocks to Sell: AMC Entertainment (AMC)The bull thesis for AMC Entertainment(NYSE:AMC) stock is generally that the retail investors that have propped it up, continue to have the power to do so. The idea is that the next catalyst might be the one to ignite another short squeeze.Although short interest in AMC stock remains very high the box office success ofTop Gun: Maverickisn’t the tinder to stoke another fire. I recently wrote that the economic reality of Top Gun can’t negate AMC’s history of losses. AMC lost $337 million in its last reported quarter.This article implies that AMC controls roughly one-third of screens and makes gross proceeds of 60% on that market position. So, long story short,Top Gun: Maverick’scurrent $357 million box office likely results in roughly $70 million in gross proceeds thus far.It’s a very positive step in the right direction to be sure, but it simply can’t negate the implications of a $337 million loss in the previous period.Snap (SNAP)There isn’t that much to report when it comes to Snap(NYSE:SNAP) stock. There’s no gotcha moment when it comes to late May news the company issued. That news was that the company doesn’t expect to meet the low end of its prior revenue and EBITDA guidance for Q2. in other words, there’s nothing suggesting that investors should buy SNAP stock based on s silver lining.There isn’t one. Snap had its worst month ever and has declined in eight of the last nine months along with the last three in a row.Part of the reason is that ad revenues aren’t what they once were. Increasingly advertisers are turning to Instagram and TikTok where Snap had been favored. As long as competitors are seen as being more capable of adjusting to Apple’s(NASDAQ:AAPL) privacy changes Snap will continue to suffer.Stocks to Sell: Beyond Meat (BYND)When growth stocks were the rage, Beyond Meat(NASDAQ:BYND) stock was riding high. Investors had little concern about the company’s lack of efficiency or losses. All that mattered was that the alternative meat market seemed hot and the company showed growth.But now that the U.S. is shifting away from a prolonged period in which capital was inexpensive, growth is out. Investors certainly care now that Beyond Meat posted a net loss of $100.5 million. And those who may have still been on board jumped ship when EPS losses reached $1.58on the expectation of 98-cent losses.The vague notion of becoming “tomorrow’s global protein company” has lost a lot of its luster as losses widen.","news_type":1},"isVote":1,"tweetType":1,"viewCount":124,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":689685290,"gmtCreate":1655545273814,"gmtModify":1704862662203,"author":{"id":"3567410774681125","authorId":"3567410774681125","name":"巧蓁","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567410774681125","authorIdStr":"3567410774681125"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/689685290","repostId":"2244110681","repostType":4,"repost":{"id":"2244110681","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1655509222,"share":"https://www.laohu8.com/m/news/2244110681?lang=&edition=full","pubTime":"2022-06-18 07:40","market":"us","language":"en","title":"The Next Bull Market Is Just Months Away and Could Take the S&P 500 to 6000, Says BofA","url":"https://stock-news.laohu8.com/highlight/detail?id=2244110681","media":"Dow Jones","summary":"When it comes to bear markets, investors can take comfort from history which suggests that where there's a beginning, there's always an end.And according to Bank of America, investors have only got a ","content":"<html><head></head><body><p>When it comes to bear markets, investors can take comfort from history which suggests that where there&#39;s a beginning, there&#39;s always an end.</p><p>And according to Bank of America, investors have only got a few months left to endure the bear market that the S&amp;P 500  tumbled into on June 13, at the start of this week. And then will come the bull market.</p><p>As per history, points out chief investment strategist Michael Hartnett, the average peak-to-trough bear market decline is 37.3% and lasts 289 days. That would put the end to the pain on Oct. 19, 2022, which happens to mark the 35th anniversary of Black Monday, the name commonly given to the stock market crash of 1987, and the S&amp;P 500 index will likely bottom at 3,000.</p><p>A popular definition of a bear market defines it as a 20% drop from a recent high. As of Thursday, the index was off 23.55% from its record close of 4796.56 hit Monday, Jan. 3, 2022.</p><p>And an end typically marks a beginning with Bank of America noting the average bull market lasts a much longer 64 months with a 198% return, &#34;so next bull sees the S&amp;P 500 at 6,000 by Feb. 28,&#34; said Hartnett.</p><p>Meanwhile, another week saw the bank&#39;s own bull and bear indicator fall as far as it can go into &#34;contrarian bullish&#34; territory --</p><p><img src=\"https://static.tigerbbs.com/d5b388620db70508a92721690ee4a74e\" tg-width=\"700\" tg-height=\"607\" width=\"100%\" height=\"auto\"/></p><p>That indicator previously fell to 0 in August 2002, July, 2008, Sept. 2011, Sept. 2015, January 2016 and March 2020, said Hartnett. When it has previously hit zero, except in the case of a double-dip recession such as 2002 or systemic events, as in 2008 and 2011, three-month returns have been strong, as this table shows.</p><p><img src=\"https://static.tigerbbs.com/562bea67e5a7522dc96de3ab2c90727c\" tg-width=\"700\" tg-height=\"427\" width=\"100%\" height=\"auto\"/></p><p>&#34;Positioning dire, but profits/policy say nibble at SPX 36K, bite at 33K, gorge at 30K,&#34; added Hartnett. That&#39;s even as they clearly don&#39;t think the selloff is quite over. As per the next chart, a reminder from BofA of how the Federal Reserve tends to &#34;break something,&#34; with tightening cycles:</p><p><img src=\"https://static.tigerbbs.com/542e42e107cf3f74df35c0a66482b401\" tg-width=\"700\" tg-height=\"390\" width=\"100%\" height=\"auto\"/></p><p>More data from the bank showed $16.6 billion flowed into stocks in the most recent week, $18.5 billion from bonds and $50.1 billion from cash. Also, the data showed first week of inflows to emerging market equities in 6 weeks of $1.3 billion, the biggest inflow to US small cap since December 2021 of $6.6 billion, the largest influx to US value in 13 weeks of $5.8 billion and biggest to techs in nine weeks, of $800 million.</p></body></html>","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>The Next Bull Market Is Just Months Away and Could Take the S&P 500 to 6000, Says BofA</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\">\nThe Next Bull Market Is Just Months Away and Could Take the S&P 500 to 6000, Says BofA\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-06-18 07:40</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>When it comes to bear markets, investors can take comfort from history which suggests that where there&#39;s a beginning, there&#39;s always an end.</p><p>And according to Bank of America, investors have only got a few months left to endure the bear market that the S&amp;P 500  tumbled into on June 13, at the start of this week. And then will come the bull market.</p><p>As per history, points out chief investment strategist Michael Hartnett, the average peak-to-trough bear market decline is 37.3% and lasts 289 days. That would put the end to the pain on Oct. 19, 2022, which happens to mark the 35th anniversary of Black Monday, the name commonly given to the stock market crash of 1987, and the S&amp;P 500 index will likely bottom at 3,000.</p><p>A popular definition of a bear market defines it as a 20% drop from a recent high. As of Thursday, the index was off 23.55% from its record close of 4796.56 hit Monday, Jan. 3, 2022.</p><p>And an end typically marks a beginning with Bank of America noting the average bull market lasts a much longer 64 months with a 198% return, &#34;so next bull sees the S&amp;P 500 at 6,000 by Feb. 28,&#34; said Hartnett.</p><p>Meanwhile, another week saw the bank&#39;s own bull and bear indicator fall as far as it can go into &#34;contrarian bullish&#34; territory --</p><p><img src=\"https://static.tigerbbs.com/d5b388620db70508a92721690ee4a74e\" tg-width=\"700\" tg-height=\"607\" width=\"100%\" height=\"auto\"/></p><p>That indicator previously fell to 0 in August 2002, July, 2008, Sept. 2011, Sept. 2015, January 2016 and March 2020, said Hartnett. When it has previously hit zero, except in the case of a double-dip recession such as 2002 or systemic events, as in 2008 and 2011, three-month returns have been strong, as this table shows.</p><p><img src=\"https://static.tigerbbs.com/562bea67e5a7522dc96de3ab2c90727c\" tg-width=\"700\" tg-height=\"427\" width=\"100%\" height=\"auto\"/></p><p>&#34;Positioning dire, but profits/policy say nibble at SPX 36K, bite at 33K, gorge at 30K,&#34; added Hartnett. That&#39;s even as they clearly don&#39;t think the selloff is quite over. As per the next chart, a reminder from BofA of how the Federal Reserve tends to &#34;break something,&#34; with tightening cycles:</p><p><img src=\"https://static.tigerbbs.com/542e42e107cf3f74df35c0a66482b401\" tg-width=\"700\" tg-height=\"390\" width=\"100%\" height=\"auto\"/></p><p>More data from the bank showed $16.6 billion flowed into stocks in the most recent week, $18.5 billion from bonds and $50.1 billion from cash. Also, the data showed first week of inflows to emerging market equities in 6 weeks of $1.3 billion, the biggest inflow to US small cap since December 2021 of $6.6 billion, the largest influx to US value in 13 weeks of $5.8 billion and biggest to techs in nine weeks, of $800 million.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","BK4550":"红杉资本持仓","BK4581":"高盛持仓","SDS":"两倍做空标普500ETF","BK4504":"桥水持仓","UPRO":"三倍做多标普500ETF","IVV":"标普500指数ETF","OEF":"标普100指数ETF-iShares","SSO":"两倍做多标普500ETF","SH":"标普500反向ETF","SPXU":"三倍做空标普500ETF","SPY":"标普500ETF","BK4534":"瑞士信贷持仓","BK4559":"巴菲特持仓","OEX":"标普100"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2244110681","content_text":"When it comes to bear markets, investors can take comfort from history which suggests that where there's a beginning, there's always an end.And according to Bank of America, investors have only got a few months left to endure the bear market that the S&P 500  tumbled into on June 13, at the start of this week. And then will come the bull market.As per history, points out chief investment strategist Michael Hartnett, the average peak-to-trough bear market decline is 37.3% and lasts 289 days. That would put the end to the pain on Oct. 19, 2022, which happens to mark the 35th anniversary of Black Monday, the name commonly given to the stock market crash of 1987, and the S&P 500 index will likely bottom at 3,000.A popular definition of a bear market defines it as a 20% drop from a recent high. As of Thursday, the index was off 23.55% from its record close of 4796.56 hit Monday, Jan. 3, 2022.And an end typically marks a beginning with Bank of America noting the average bull market lasts a much longer 64 months with a 198% return, \"so next bull sees the S&P 500 at 6,000 by Feb. 28,\" said Hartnett.Meanwhile, another week saw the bank's own bull and bear indicator fall as far as it can go into \"contrarian bullish\" territory --That indicator previously fell to 0 in August 2002, July, 2008, Sept. 2011, Sept. 2015, January 2016 and March 2020, said Hartnett. When it has previously hit zero, except in the case of a double-dip recession such as 2002 or systemic events, as in 2008 and 2011, three-month returns have been strong, as this table shows.\"Positioning dire, but profits/policy say nibble at SPX 36K, bite at 33K, gorge at 30K,\" added Hartnett. That's even as they clearly don't think the selloff is quite over. As per the next chart, a reminder from BofA of how the Federal Reserve tends to \"break something,\" with tightening cycles:More data from the bank showed $16.6 billion flowed into stocks in the most recent week, $18.5 billion from bonds and $50.1 billion from cash. Also, the data showed first week of inflows to emerging market equities in 6 weeks of $1.3 billion, the biggest inflow to US small cap since December 2021 of $6.6 billion, the largest influx to US value in 13 weeks of $5.8 billion and biggest to techs in nine weeks, of $800 million.","news_type":1},"isVote":1,"tweetType":1,"viewCount":165,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":689685608,"gmtCreate":1655545250507,"gmtModify":1704862662029,"author":{"id":"3567410774681125","authorId":"3567410774681125","name":"巧蓁","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567410774681125","authorIdStr":"3567410774681125"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/689685608","repostId":"2244127998","repostType":4,"repost":{"id":"2244127998","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1655513252,"share":"https://www.laohu8.com/m/news/2244127998?lang=&edition=full","pubTime":"2022-06-18 08:47","market":"us","language":"en","title":"The Stock Market Had a Very Bad Week. Why It Gets Worse Before It Gets Better","url":"https://stock-news.laohu8.com/highlight/detail?id=2244127998","media":"Dow Jones","summary":"After a three-year hiatus, the Golden State Warriors are the best team in basketball again -- and th","content":"<html><head></head><body><p>After a three-year hiatus, the Golden State Warriors are the best team in basketball again -- and they had to navigate an injury-driven tumble from the top to the absolute bottom to do it. There&#39;s a lesson in there about bear markets, recessions, and all the fears gripping investors right now.</p><p>After the stock market&#39;s tumble this past week, investors probably feel like Warriors star Stephen Curry in 2020 asking what else could possibly go wrong. The S&amp;P 500 dropped 5.8%, its worst weekly decline since March 2020, while the Dow Jones Industrial Average and the Nasdaq Composite both fell 4.8%.</p><p>It was &#34;the worst stretch of selling in the history of the S&amp;P 500,&#34; according to Sundial Capital Research&#39;s Jason Goepfert, who noted that there were five days since June 8 when more than 90% of the index&#39;s stocks finished lower. The question now is how much more can go wrong.</p><p>Plenty. The week&#39;s drop, which sent the S&amp;P 500 into a bear market, was caused by rising bond yields, some weak economic data, and, of course, the Federal Reserve, which raised interest rates by three-quarters of a point for the first time since 1994.</p><p>And there&#39;s more where that came from. The Fed, battling inflation unlike any it has seen in the past 40 years, could raise interest rates higher than currently expected -- there&#39;s a 89% chance of another three-quarter-point increase in July, although the chances of that happening in September are much lower -- while signs of an economic slowdown emerged this past week as housing starts fell 14% month over month in May and retail sales dipped 0.3%.</p><p>&#34;The Fed needs to bring inflation down, and the growth rate of the economy will be a victim,&#34; says Dave Donabedian, chief investment officer at CIBC Private Wealth US.</p><p>That&#39;s scary enough, but the biggest near-term concern for the stock market might be earnings. Right now, they&#39;re expected to be quite good, with analysts forecasting 11% growth to $228 per share in 2022, and 9.6% growth to nearly $250 in 2023.</p><p>But Wells Fargo strategist Chris Harvey expects companies to sound far more worried on their next conference calls in the kind of abrupt pivot that hasn&#39;t occurred since 2007.</p><p>&#34;Overall, we think the market has quickly shifted from fears of undersupply to oversupply, and corporate outlooks will shift dramatically as earnings are revealed,&#34; explains Harvey, who recommends avoiding &#34;broken stories,&#34; stocks that include Walt Disney (ticker: DIS), Etsy <a href=\"https://laohu8.com/S/ETSY\">$(ETSY)$</a>, Netflix <a href=\"https://laohu8.com/S/NFLX\">$(NFLX)$</a>, and Boeing <a href=\"https://laohu8.com/S/BA\">$(BA)$</a>.</p><p>If he&#39;s right, earnings forecasts will have to come down -- and the S&amp;P 500, which trades at 15.4 times 12-month forward earnings, isn&#39;t nearly as cheap as it looks. Goldman Sachs&#39; David Kostin notes that if S&amp;P 500 companies earn $239 and trade at 17 times, the index would trade at 4165, up 13% from Friday&#39;s close. That&#39;s the optimistic case.</p><p>But if 2023 earnings come in lower -- say, at $225 -- and the price/earnings ratio slips to 14, the index could trade down to 3150, off 14% from Friday&#39;s close. &#34;Investors looking for value opportunities should consider both valuations and potential downside risk to earnings estimates,&#34; he writes.</p><p>Still, it isn&#39;t the end of the world. Jim Stack, president of InvesTech Research, took equity exposure down to 44% this past week, his most defensive portfolio since the tech bubble in 2000. He doesn&#39;t sound down about it. Instead, he&#39;s looking ahead. &#34;The &#39;good news&#39; is that this will ultimately lead to <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the best buying opportunities in decades, &#34; he writes. &#34;But for now, patience is paramount.&#34;</p><p>It may take time, but the market will get that winning feeling once again. Bet on it.</p></body></html>","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>The Stock Market Had a Very Bad Week. Why It Gets Worse Before It Gets Better</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\">\nThe Stock Market Had a Very Bad Week. Why It Gets Worse Before It Gets Better\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-06-18 08:47</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>After a three-year hiatus, the Golden State Warriors are the best team in basketball again -- and they had to navigate an injury-driven tumble from the top to the absolute bottom to do it. There&#39;s a lesson in there about bear markets, recessions, and all the fears gripping investors right now.</p><p>After the stock market&#39;s tumble this past week, investors probably feel like Warriors star Stephen Curry in 2020 asking what else could possibly go wrong. The S&amp;P 500 dropped 5.8%, its worst weekly decline since March 2020, while the Dow Jones Industrial Average and the Nasdaq Composite both fell 4.8%.</p><p>It was &#34;the worst stretch of selling in the history of the S&amp;P 500,&#34; according to Sundial Capital Research&#39;s Jason Goepfert, who noted that there were five days since June 8 when more than 90% of the index&#39;s stocks finished lower. The question now is how much more can go wrong.</p><p>Plenty. The week&#39;s drop, which sent the S&amp;P 500 into a bear market, was caused by rising bond yields, some weak economic data, and, of course, the Federal Reserve, which raised interest rates by three-quarters of a point for the first time since 1994.</p><p>And there&#39;s more where that came from. The Fed, battling inflation unlike any it has seen in the past 40 years, could raise interest rates higher than currently expected -- there&#39;s a 89% chance of another three-quarter-point increase in July, although the chances of that happening in September are much lower -- while signs of an economic slowdown emerged this past week as housing starts fell 14% month over month in May and retail sales dipped 0.3%.</p><p>&#34;The Fed needs to bring inflation down, and the growth rate of the economy will be a victim,&#34; says Dave Donabedian, chief investment officer at CIBC Private Wealth US.</p><p>That&#39;s scary enough, but the biggest near-term concern for the stock market might be earnings. Right now, they&#39;re expected to be quite good, with analysts forecasting 11% growth to $228 per share in 2022, and 9.6% growth to nearly $250 in 2023.</p><p>But Wells Fargo strategist Chris Harvey expects companies to sound far more worried on their next conference calls in the kind of abrupt pivot that hasn&#39;t occurred since 2007.</p><p>&#34;Overall, we think the market has quickly shifted from fears of undersupply to oversupply, and corporate outlooks will shift dramatically as earnings are revealed,&#34; explains Harvey, who recommends avoiding &#34;broken stories,&#34; stocks that include Walt Disney (ticker: DIS), Etsy <a href=\"https://laohu8.com/S/ETSY\">$(ETSY)$</a>, Netflix <a href=\"https://laohu8.com/S/NFLX\">$(NFLX)$</a>, and Boeing <a href=\"https://laohu8.com/S/BA\">$(BA)$</a>.</p><p>If he&#39;s right, earnings forecasts will have to come down -- and the S&amp;P 500, which trades at 15.4 times 12-month forward earnings, isn&#39;t nearly as cheap as it looks. Goldman Sachs&#39; David Kostin notes that if S&amp;P 500 companies earn $239 and trade at 17 times, the index would trade at 4165, up 13% from Friday&#39;s close. That&#39;s the optimistic case.</p><p>But if 2023 earnings come in lower -- say, at $225 -- and the price/earnings ratio slips to 14, the index could trade down to 3150, off 14% from Friday&#39;s close. &#34;Investors looking for value opportunities should consider both valuations and potential downside risk to earnings estimates,&#34; he writes.</p><p>Still, it isn&#39;t the end of the world. Jim Stack, president of InvesTech Research, took equity exposure down to 44% this past week, his most defensive portfolio since the tech bubble in 2000. He doesn&#39;t sound down about it. Instead, he&#39;s looking ahead. &#34;The &#39;good news&#39; is that this will ultimately lead to <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the best buying opportunities in decades, &#34; he writes. &#34;But for now, patience is paramount.&#34;</p><p>It may take time, but the market will get that winning feeling once again. Bet on it.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","BK4581":"高盛持仓","BK4504":"桥水持仓","SSO":"两倍做多标普500ETF","SH":"标普500反向ETF","BK4207":"综合性银行","GS":"高盛","BK4548":"巴美列捷福持仓","SPXU":"三倍做空标普500ETF","BA":"波音","IVV":"标普500指数ETF","BK4516":"特朗普概念","BK4564":"太空概念","SPY":"标普500ETF","BK4187":"航天航空与国防","BK4532":"文艺复兴科技持仓","ETSY":"Etsy, Inc.","BK4122":"互联网与直销零售","BK4108":"电影和娱乐","BK4534":"瑞士信贷持仓","BK4507":"流媒体概念","JPM":"摩根大通","OEF":"标普100指数ETF-iShares","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4566":"资本集团","BK4524":"宅经济概念","SDS":"两倍做空标普500ETF","BK4559":"巴菲特持仓","UPRO":"三倍做多标普500ETF","BK4527":"明星科技股",".SPX":"S&P 500 Index","OEX":"标普100","BK4550":"红杉资本持仓","QNETCN":"纳斯达克中美互联网老虎指数","C":"花旗","BK4551":"寇图资本持仓","NFLX":"奈飞"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2244127998","content_text":"After a three-year hiatus, the Golden State Warriors are the best team in basketball again -- and they had to navigate an injury-driven tumble from the top to the absolute bottom to do it. There's a lesson in there about bear markets, recessions, and all the fears gripping investors right now.After the stock market's tumble this past week, investors probably feel like Warriors star Stephen Curry in 2020 asking what else could possibly go wrong. The S&P 500 dropped 5.8%, its worst weekly decline since March 2020, while the Dow Jones Industrial Average and the Nasdaq Composite both fell 4.8%.It was \"the worst stretch of selling in the history of the S&P 500,\" according to Sundial Capital Research's Jason Goepfert, who noted that there were five days since June 8 when more than 90% of the index's stocks finished lower. The question now is how much more can go wrong.Plenty. The week's drop, which sent the S&P 500 into a bear market, was caused by rising bond yields, some weak economic data, and, of course, the Federal Reserve, which raised interest rates by three-quarters of a point for the first time since 1994.And there's more where that came from. The Fed, battling inflation unlike any it has seen in the past 40 years, could raise interest rates higher than currently expected -- there's a 89% chance of another three-quarter-point increase in July, although the chances of that happening in September are much lower -- while signs of an economic slowdown emerged this past week as housing starts fell 14% month over month in May and retail sales dipped 0.3%.\"The Fed needs to bring inflation down, and the growth rate of the economy will be a victim,\" says Dave Donabedian, chief investment officer at CIBC Private Wealth US.That's scary enough, but the biggest near-term concern for the stock market might be earnings. Right now, they're expected to be quite good, with analysts forecasting 11% growth to $228 per share in 2022, and 9.6% growth to nearly $250 in 2023.But Wells Fargo strategist Chris Harvey expects companies to sound far more worried on their next conference calls in the kind of abrupt pivot that hasn't occurred since 2007.\"Overall, we think the market has quickly shifted from fears of undersupply to oversupply, and corporate outlooks will shift dramatically as earnings are revealed,\" explains Harvey, who recommends avoiding \"broken stories,\" stocks that include Walt Disney (ticker: DIS), Etsy $(ETSY)$, Netflix $(NFLX)$, and Boeing $(BA)$.If he's right, earnings forecasts will have to come down -- and the S&P 500, which trades at 15.4 times 12-month forward earnings, isn't nearly as cheap as it looks. Goldman Sachs' David Kostin notes that if S&P 500 companies earn $239 and trade at 17 times, the index would trade at 4165, up 13% from Friday's close. That's the optimistic case.But if 2023 earnings come in lower -- say, at $225 -- and the price/earnings ratio slips to 14, the index could trade down to 3150, off 14% from Friday's close. \"Investors looking for value opportunities should consider both valuations and potential downside risk to earnings estimates,\" he writes.Still, it isn't the end of the world. Jim Stack, president of InvesTech Research, took equity exposure down to 44% this past week, his most defensive portfolio since the tech bubble in 2000. He doesn't sound down about it. Instead, he's looking ahead. \"The 'good news' is that this will ultimately lead to one of the best buying opportunities in decades, \" he writes. \"But for now, patience is paramount.\"It may take time, but the market will get that winning feeling once again. Bet on it.","news_type":1},"isVote":1,"tweetType":1,"viewCount":148,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}