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2021-03-31

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President Biden will unveil his $2 trillion infrastructure plan today – here are the details

2021-03-22

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Australia's Crown Resorts receives $6.2 billion proposal from Blackstone

2021-03-12

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Coupang spikes 85% on its first day of trading

2021-03-28

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Zhihu Technology fall on its first day of trading

2021-03-10

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抱歉，原内容已删除

2021-03-11

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Here's the Most Compelling Reason to Buy Aphria Stock Right Now

2021-02-27

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DoorDash Earnings Show Rapid Growth: Why I'm Bearish Anyways

2021-03-23

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Short and Hot: How Investors Can Play This Economic Cycle

2021-02-25

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The days of easy money in the stock market are now over

2021-03-27

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Tesla Deliveries Are Coming. They Matter More Than Ever. Here’s What to Expect.

2021-03-26

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抱歉，原内容已删除

2021-03-18

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7 Reasons to Avoid the Reddit Stocks Like the Plague

2021-02-24

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If you think it’s time to shift to value stocks, here are Wall Street’s favorites

2021-04-03

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3 Beaten-Down Stocks That Could Double Your Money

2021-03-30

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Micron earnings: Semiconductor shortage leads to heightened expectations

2021-03-29

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抱歉，原内容已删除

2021-03-17

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Dropbox: Last Call For Cheap Cloud Storage Stock

2021-03-09

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WSB concept stocks rose collectively

2021-03-21

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Powell says Fed will keep supporting economy ‘for as long as it takes’

2021-03-20

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SPACs break 2020 record in just 3 months, but the red-hot industry faces challenges ahead

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please&nbsp;[惊讶]&nbsp;[惊讶]&nbsp;[惊讶]&nbsp;[惊讶]&nbsp;","listText":"Comment please&nbsp;[惊讶]&nbsp;[惊讶]&nbsp;[惊讶]&nbsp;[惊讶]&nbsp;","text":"Comment please [惊讶] [惊讶] [惊讶] [惊讶]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/340878223","repostId":"1188150614","repostType":4,"repost":{"id":"1188150614","pubTimestamp":1617366389,"share":"https://www.laohu8.com/m/news/1188150614?lang=&edition=full","pubTime":"2021-04-02 20:26","market":"us","language":"en","title":"3 Beaten-Down Stocks That Could Double Your Money","url":"https://stock-news.laohu8.com/highlight/detail?id=1188150614","media":"Motley Fool","summary":"Market rotation malaise has infected many investors. Last year, the growth stocks in theNasdaq-100index trounced the staid giants in theDow Jones Industrial Average. It's been a different story so far in 2021, though. The big money appears to be moving into so-called \"risk-off\" stocks.As a result, many of the high-flyers from just a few months ago are now stuck in the doldrums. Some are even down more than 30% from their peaks set earlier this year. There's a silver lining in this dark cloud, ho","content":"<p>Market rotation malaise has infected many investors. Last year, the growth stocks in the<b>Nasdaq-100</b>index trounced the staid giants in the<b>Dow Jones Industrial Average</b>. It's been a different story so far in 2021, though. The big money appears to be moving into so-called \"risk-off\" stocks.</p>\n<p>As a result, many of the high-flyers from just a few months ago are now stuck in the doldrums. Some are even down more than 30% from their peaks set earlier this year. There's a silver lining in this dark cloud, however: Quite a few stocks with strong growth prospects are available at discounted prices.&nbsp;Here are three beaten-down stocks that could even double your money -- or more.</p>\n<p><b>DermTech</b></p>\n<p><b>DermTech</b>(NASDAQ:DMTK)markets an exciting product: a skin genomics test that can detect melanoma more accurately and cheaper than surgical biopsy. Its shares soared over 145% year to date by the third week of February. Since then, though, thehealthcare stockhas fallen more than 35%.</p>\n<p>Part of the problem was the aforementioned general sell-off of growth stocks. However, DermTech also provided disappointing guidance in its fourth-quarter update. The company expects first-quarter assay revenue of between $1.6 million and $1.9 million compared to Q4 assay revenue of $1.6 million.</p>\n<p>DermTech still faces some COVID-19 headwinds in reaching out to physicians. The company's long-term growth prospects remain bright, though. DermTech continues to pick up commercial payer reimbursement for its first product, Pigmented Lesion Assay (PLA). It expects to launch an at-home genomics test that identifies ultraviolet ray damage and skin cancer risk next year.</p>\n<p>The total addressable U.S. market that DermTech is targeting for all types of skin cancer is around $10 billion. With the company's market cap currently below $1.5 billion, DermTech should only have to capture a tiny sliver of this market to deliver huge returns for investors.</p>\n<p><b>Gores Holdings VI</b></p>\n<p>Special purpose acquisition company (SPAC) stocks were wildly popular not long ago. That's changed quite a bit.&nbsp;<b>Gores Holdings VI</b>(NASDAQ:GHVI)serves as a great example: The SPAC's shares skyrocketed more than 120% year to date by mid-February but are now down over 40% from those highs.</p>\n<p>Gores Holdings VI and spatial data company Matterport announced on Feb. 8 that they plan to merge in a deal that will take Matterport public at an equity value of around $2.9 billion. But Matterport should be able to grow much larger than that relatively quickly.</p>\n<p>Matterport pioneered the spatial data market a decade ago. The company's technology can create a 3D \"digital twin\" of any physical space. Consulting firm<b>Accenture</b>recently picked digital twin technology asone of its top five tech trends of 2021.</p>\n<p>The company already has over 250,000 customers, including 13% of the Fortune 1000. However, less than 1% of the more than 4 billion buildings across the world are currently digitized. This represents a $240 billion opportunity for Matterport. The company expects to nearly double its revenue in 2022 with growth accelerating in subsequent years.</p>\n<p><b>Skillz</b></p>\n<p><b>Skillz</b>(NYSE:SKLZ)stands as the biggest loser of these three beaten-down stocks. Shares of the mobile game platform provider soared nearly 120% by early February only to give up all of those gains and then some. The stock is now down over 5% year to date.</p>\n<p>Like DermTech and Gores Holdings VI, Skillz was negatively impacted by the market rotation away from growth stocks. However, the company's decision to sell 17 million shares in a public offering also hurt.</p>\n<p>Skillz's competition-focused approach keeps users more engaged than other leading online platforms. It's also driving tremendous growth. The company's revenue nearly doubled in 2020. Skillz is especially making inroads in converting users to paying customers.</p>\n<p>The mobile gaming market totaled $86 billion last year and continues to grow rapidly. Skillz should be able to increase its market share as it expands internationally and adds new genres of games to its platform. The company's multi-year agreement with the NFL could also provide a big boost.</p>\n<p>Skillz looks like a stock that could easily double your money and perhaps deliver much greater returns than that over the next couple of years.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Beaten-Down Stocks That Could Double Your Money</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\">\n3 Beaten-Down Stocks That Could Double Your Money\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-02 20:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/04/02/3-beaten-down-stocks-that-could-double-your-money/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Market rotation malaise has infected many investors. Last year, the growth stocks in theNasdaq-100index trounced the staid giants in theDow Jones Industrial Average. It's been a different story so far...</p>\n\n<a href=\"https://www.fool.com/investing/2021/04/02/3-beaten-down-stocks-that-could-double-your-money/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.fool.com/investing/2021/04/02/3-beaten-down-stocks-that-could-double-your-money/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188150614","content_text":"Market rotation malaise has infected many investors. Last year, the growth stocks in theNasdaq-100index trounced the staid giants in theDow Jones Industrial Average. It's been a different story so far in 2021, though. The big money appears to be moving into so-called \"risk-off\" stocks.\nAs a result, many of the high-flyers from just a few months ago are now stuck in the doldrums. Some are even down more than 30% from their peaks set earlier this year. There's a silver lining in this dark cloud, however: Quite a few stocks with strong growth prospects are available at discounted prices. Here are three beaten-down stocks that could even double your money -- or more.\nDermTech\nDermTech(NASDAQ:DMTK)markets an exciting product: a skin genomics test that can detect melanoma more accurately and cheaper than surgical biopsy. Its shares soared over 145% year to date by the third week of February. Since then, though, thehealthcare stockhas fallen more than 35%.\nPart of the problem was the aforementioned general sell-off of growth stocks. However, DermTech also provided disappointing guidance in its fourth-quarter update. The company expects first-quarter assay revenue of between $1.6 million and $1.9 million compared to Q4 assay revenue of $1.6 million.\nDermTech still faces some COVID-19 headwinds in reaching out to physicians. The company's long-term growth prospects remain bright, though. DermTech continues to pick up commercial payer reimbursement for its first product, Pigmented Lesion Assay (PLA). It expects to launch an at-home genomics test that identifies ultraviolet ray damage and skin cancer risk next year.\nThe total addressable U.S. market that DermTech is targeting for all types of skin cancer is around $10 billion. With the company's market cap currently below $1.5 billion, DermTech should only have to capture a tiny sliver of this market to deliver huge returns for investors.\nGores Holdings VI\nSpecial purpose acquisition company (SPAC) stocks were wildly popular not long ago. That's changed quite a bit. Gores Holdings VI(NASDAQ:GHVI)serves as a great example: The SPAC's shares skyrocketed more than 120% year to date by mid-February but are now down over 40% from those highs.\nGores Holdings VI and spatial data company Matterport announced on Feb. 8 that they plan to merge in a deal that will take Matterport public at an equity value of around $2.9 billion. But Matterport should be able to grow much larger than that relatively quickly.\nMatterport pioneered the spatial data market a decade ago. The company's technology can create a 3D \"digital twin\" of any physical space. Consulting firmAccenturerecently picked digital twin technology asone of its top five tech trends of 2021.\nThe company already has over 250,000 customers, including 13% of the Fortune 1000. However, less than 1% of the more than 4 billion buildings across the world are currently digitized. This represents a $240 billion opportunity for Matterport. The company expects to nearly double its revenue in 2022 with growth accelerating in subsequent years.\nSkillz\nSkillz(NYSE:SKLZ)stands as the biggest loser of these three beaten-down stocks. Shares of the mobile game platform provider soared nearly 120% by early February only to give up all of those gains and then some. The stock is now down over 5% year to date.\nLike DermTech and Gores Holdings VI, Skillz was negatively impacted by the market rotation away from growth stocks. However, the company's decision to sell 17 million shares in a public offering also hurt.\nSkillz's competition-focused approach keeps users more engaged than other leading online platforms. It's also driving tremendous growth. The company's revenue nearly doubled in 2020. Skillz is especially making inroads in converting users to paying customers.\nThe mobile gaming market totaled $86 billion last year and continues to grow rapidly. Skillz should be able to increase its market share as it expands internationally and adds new genres of games to its platform. The company's multi-year agreement with the NFL could also provide a big boost.\nSkillz looks like a stock that could easily double your money and perhaps deliver much greater returns than that over the next couple of years.","news_type":1},"isVote":1,"tweetType":1,"viewCount":744,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":357855723,"gmtCreate":1617262857162,"gmtModify":1634521745417,"author":{"id":"3569894447597850","authorId":"3569894447597850","name":"BOTAKYAP","avatar":"https://static.tigerbbs.com/335356fded8c7d08f8ee1bbe18b6f105","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Good opportunity&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","listText":"Good opportunity&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","text":"Good opportunity [财迷] [财迷] [财迷] [财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/357855723","repostId":"1190961725","repostType":4,"repost":{"id":"1190961725","pubTimestamp":1617262666,"share":"https://www.laohu8.com/m/news/1190961725?lang=&edition=full","pubTime":"2021-04-01 15:37","market":"us","language":"en","title":"Universal considers pulling films from Netflix and HBO Max to favor Peacock - report","url":"https://stock-news.laohu8.com/highlight/detail?id=1190961725","media":"seekingalpha","summary":"NBC Universal(NASDAQ:CMCSA)is considering pulling its Universal Studios movies from other streaming ","content":"<p>NBC&nbsp;Universal(NASDAQ:CMCSA)is considering pulling its Universal Studios movies from other streaming services - notably Netflix(NASDAQ:NFLX)and HBO Max(NYSE:T)- andpreserving the titles for its Peacock service, Bloomberg reports.</p>\n<p>That internal debate is wrestling with balancing third-party deals that generate hundreds of millions of dollars per year with the idea that the company is handing over some of its most popular titles to streaming rivals.</p>\n<p>Now, HBO Max pays for the rights to show new Universal movies about nine months after leaving theaters. Netflix has a similar deal for animation from NBCU's<i>Despicable Me</i>maker Illumination.</p>\n<p>But both those deals expire at the end of the year.</p>\n<p>Going its own way would put Universal on the same path as Disney(NYSE:DIS)- which committed to generating original content for its Disney Plus streaming service, and declined to renew its own Netflix deal years ago, giving up heavy revenues in the process. And WarnerMedia is making all of its theatrical films available on HBO Max simultaneously this year.</p>\n<p>One result of the deliberations might be splitting the difference: NBCUniversal sharing rights with another service, as it does with Hulu on programs like<i>Modern Family.</i></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>Universal considers pulling films from Netflix and HBO Max to favor Peacock - report</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\">\nUniversal considers pulling films from Netflix and HBO Max to favor Peacock - report\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-01 15:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3678360-universal-considers-pulling-films-from-netflix-and-hbo-max-to-favor-peacock-report><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NBC Universal(NASDAQ:CMCSA)is considering pulling its Universal Studios movies from other streaming services - notably Netflix(NASDAQ:NFLX)and HBO Max(NYSE:T)- andpreserving the titles for its Peacock...</p>\n\n<a href=\"https://seekingalpha.com/news/3678360-universal-considers-pulling-films-from-netflix-and-hbo-max-to-favor-peacock-report\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CMCSA":"康卡斯特"},"source_url":"https://seekingalpha.com/news/3678360-universal-considers-pulling-films-from-netflix-and-hbo-max-to-favor-peacock-report","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1190961725","content_text":"NBC Universal(NASDAQ:CMCSA)is considering pulling its Universal Studios movies from other streaming services - notably Netflix(NASDAQ:NFLX)and HBO Max(NYSE:T)- andpreserving the titles for its Peacock service, Bloomberg reports.\nThat internal debate is wrestling with balancing third-party deals that generate hundreds of millions of dollars per year with the idea that the company is handing over some of its most popular titles to streaming rivals.\nNow, HBO Max pays for the rights to show new Universal movies about nine months after leaving theaters. Netflix has a similar deal for animation from NBCU'sDespicable Memaker Illumination.\nBut both those deals expire at the end of the year.\nGoing its own way would put Universal on the same path as Disney(NYSE:DIS)- which committed to generating original content for its Disney Plus streaming service, and declined to renew its own Netflix deal years ago, giving up heavy revenues in the process. And WarnerMedia is making all of its theatrical films available on HBO Max simultaneously this year.\nOne result of the deliberations might be splitting the difference: NBCUniversal sharing rights with another service, as it does with Hulu on programs likeModern Family.","news_type":1},"isVote":1,"tweetType":1,"viewCount":645,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":354560950,"gmtCreate":1617188979870,"gmtModify":1634522192317,"author":{"id":"3569894447597850","authorId":"3569894447597850","name":"BOTAKYAP","avatar":"https://static.tigerbbs.com/335356fded8c7d08f8ee1bbe18b6f105","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Help comment and like please&nbsp;[贱笑]&nbsp;[贱笑]&nbsp;[贱笑]&nbsp;[贱笑]&nbsp;","listText":"Help comment and like please&nbsp;[贱笑]&nbsp;[贱笑]&nbsp;[贱笑]&nbsp;[贱笑]&nbsp;","text":"Help comment and like please [贱笑] [贱笑] [贱笑] [贱笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/354560950","repostId":"1196818239","repostType":4,"repost":{"id":"1196818239","pubTimestamp":1617181590,"share":"https://www.laohu8.com/m/news/1196818239?lang=&edition=full","pubTime":"2021-03-31 17:06","market":"us","language":"en","title":"President Biden will unveil his $2 trillion infrastructure plan today – here are the details","url":"https://stock-news.laohu8.com/highlight/detail?id=1196818239","media":"cnbc","summary":"President Joe Biden will unveil a more than $2 trillion infrastructure and economic recovery package on Wednesday.The plan aims to revitalize U.S. transportation infrastructure, water systems, broadband and manufacturing, among other goals.An increase in the corporate tax rate to 28% and measures designed to prevent offshoring of profits will fund the spending, according to the White House.PresidentJoe Bidenwill unveil a more than $2 trillion infrastructure package on Wednesday as his administra","content":"<div>\n<p>KEY POINTS\n\nPresident Joe Biden will unveil a more than $2 trillion infrastructure and economic recovery package on Wednesday.\nThe plan aims to revitalize U.S. transportation infrastructure, water ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/31/biden-infrastructure-plan-includes-corporate-tax-hike-transportation-spending.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>President Biden will unveil his $2 trillion infrastructure plan today – here are the details</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\">\nPresident Biden will unveil his $2 trillion infrastructure plan today – here are the details\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-31 17:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/03/31/biden-infrastructure-plan-includes-corporate-tax-hike-transportation-spending.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nPresident Joe Biden will unveil a more than $2 trillion infrastructure and economic recovery package on Wednesday.\nThe plan aims to revitalize U.S. transportation infrastructure, water ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/31/biden-infrastructure-plan-includes-corporate-tax-hike-transportation-spending.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ff7dc206228e5f0b17e2120c141f32db","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","SPY":"标普500ETF"},"source_url":"https://www.cnbc.com/2021/03/31/biden-infrastructure-plan-includes-corporate-tax-hike-transportation-spending.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1196818239","content_text":"KEY POINTS\n\nPresident Joe Biden will unveil a more than $2 trillion infrastructure and economic recovery package on Wednesday.\nThe plan aims to revitalize U.S. transportation infrastructure, water systems, broadband and manufacturing, among other goals.\nAn increase in the corporate tax rate to 28% and measures designed to prevent offshoring of profits will fund the spending, according to the White House.\n\nPresidentJoe Bidenwill unveil a more than $2 trillion infrastructure package on Wednesday as his administration shifts its focus to bolstering the post-pandemic economy.\nThe plan Biden will outline Wednesday will include roughly $2 trillion in spending over eight years, and would raise the corporate tax rate to 28% to fund it, an administration official told reporters Tuesday night.\nThe White House said the tax hike, combined with measures designed to stop offshoring of profits, would fund the infrastructure plan within 15 years.\nThe proposal would:\n\nPut $621 billion into transportation infrastructure such as bridges, roads, public transit, ports, airports and electric vehicle development\nDirect $400 billion to care for elderly and disabled Americans\nInject more than $300 billion into improving drinking-water infrastructure, expanding broadband access and upgrading electric grids\nPut more than $300 billion into building and retrofitting affordable housing, along with constructing and upgrading schools\nInvest $580 billionin American manufacturing, research and development and job training efforts\n\nThe president will kick off his second major White House initiative after passage of a $1.9 trillion coronavirus relief plan earlier this month. The administration aims to approve a first proposal designed to create jobs, revamp U.S. infrastructure and fight climate change before it turns toward a second plan to improve education and expand paid leave and health-care coverage.\nThrough the plan announced Wednesday, the White House aims to show it can “revitalize our national imagination and put millions of Americans to work right now,” the administration official said.\nThe White House plans to fund the spending by raising the corporate tax rate to 28%. Republicans slashed the levy to 21% from 35% as part of their 2017 tax law.\nThe administration also aims to boost the global minimum tax for multinational corporations and ensure they pay at least 21%. The White House also aims to discourage firms from listing tax havens as their address and writing off expenses related to offshoring, among other reforms.\nBiden hopes the package will create manufacturing jobs and rescue failing American infrastructure as the country tries to emerge from the shadow of Covid-19. He and congressional Democrats also aim to combat climate change and start a transition to cleaner energy sources.\nThe president was set to announce his plans in Pittsburgh, a city where organized labor has a strong presence and the economy has undergone a shift from traditional manufacturing and mining to health care and technology. Biden, who has pledged to create union jobs as part of the infrastructure plan, launched his presidential campaign at a Pittsburgh union hall in 2019.\nWhile Democrats narrowly control both chambers of Congress, the party faces challenges in passing the infrastructure plan. The GOP broadly supports efforts to rebuild roads, bridges and airports and expand broadband access, but Republicans oppose tax hikes as part of the process.\n“We’re hearing the next few months might bring a so-called infrastructure proposal that may actually be a Trojan horse for massive tax hikes and other job-killing left-wing policies,” Senate Minority Leader Mitch McConnell, R-Ky., said earlier this month.\nBiden has said he hopes to win Republican support for an infrastructure bill. If Democrats cannot get 10 GOP senators on board, they will have to try to pass the bill through budget reconciliation, which would not require any Republicans to back the plan in a chamber split 50-50 by party.\nThey would also have to consider whether to package the physical infrastructure plans with other recovery policies including universal pre-K and expanded paid leave. Republicans likely would not back more spending to boost the social safety net, especially if Democrats move to hike taxes on the wealthy to fund programs.\nThe administration official did not say whether Biden would seek to pass the plan with bipartisan support.\n“We will begin and will already have begun to do extensive outreach to our counterparts in Congress,” the official said.\nAsked Monday about how the bill could pass, White House press secretary Jen Psaki said Biden would “leave the mechanics of bill passing to [Senate Majority] Leader [Chuck] Schumer and other leaders in Congress.”\nAs of now, Democrats will have two more shots at budget reconciliation before the 2022 midterms. Schumer, D-N.Y., hopes to convince the chamber’s parliamentarian to allow Democrats to use the process at least once more beyond those two opportunities, according to NBC News.\nThe party passed its $1.9 trillion coronavirus relief package without a Republican vote.","news_type":1},"isVote":1,"tweetType":1,"viewCount":448,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":355284935,"gmtCreate":1617075860627,"gmtModify":1634522789385,"author":{"id":"3569894447597850","authorId":"3569894447597850","name":"BOTAKYAP","avatar":"https://static.tigerbbs.com/335356fded8c7d08f8ee1bbe18b6f105","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Good opportunity&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","listText":"Good opportunity&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","text":"Good opportunity [财迷] [财迷] [财迷] [财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/355284935","repostId":"2123269962","repostType":4,"repost":{"id":"2123269962","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":1617072060,"share":"https://www.laohu8.com/m/news/2123269962?lang=&edition=full","pubTime":"2021-03-30 10:41","market":"us","language":"en","title":"Micron earnings: Semiconductor shortage leads to heightened expectations","url":"https://stock-news.laohu8.com/highlight/detail?id=2123269962","media":"Dow Jones","summary":"Earnings preview: Greater demand for memory chips during COVID-19 pandemic pushed Micron to increase its forecast. Micron Technology Inc. faces a heightened bar of its own making for the rest of the year, as widespread chip shortages push up prices for its core memory chips.Micron $$ is scheduled to report fiscal second-quarter earnings results after the close of markets Wednesday. The Boise, Idaho-based chip maker considerably raised its forecast for the second quarter  earlier this month, sett","content":"<p>MW Micron earnings: Semiconductor shortage leads to heightened expectations</p><p>By Wallace Witkowski</p><p>Earnings preview: Greater demand for memory chips during COVID-19 pandemic pushed Micron to increase its forecast</p><p>Micron Technology Inc. faces a heightened bar of its own making for the rest of the year, as widespread chip shortages push up prices for its core memory chips.</p><p>Micron <a href=\"https://laohu8.com/S/MU\">$(MU)$</a> is scheduled to report fiscal second-quarter earnings results after the close of markets Wednesday. The Boise, Idaho-based chip maker considerably raised its forecast for the second quarter  earlier this month, setting up expectations for the rest of the year.</p><p>The big gain in sales is largely the result of the global semiconductor shortage that developed amid heightened demand during the COVID-19 pandemic. Micron could see revenue surge by more than $1 billion from its core memory products, and analysts expect those types of gains to continue throughout 2021.</p><p>Read: Worldwide chip shortage expected to last into next year, and that's good news for semiconductor stocks</p><p>Micron specializes in DRAM and NAND memory chips. DRAM, or dynamic random access memory, is the type of memory commonly used in PCs and servers, while NAND chips are the flash memory chips used in smaller devices like smartphones and USB drives.</p><p>Analysts on average expect DRAM sales of $4.3 billion, up from $3.08 billion in the year-ago period, and NAND sales of $1.6 billion, up from last year's $1.51 billion, according to FactSet.</p><p>Mizuho analyst Vijay Rakesh, who has a buy rating on Micron and a $100 price target, said he sees the the second half of 2021 as an exceptional cycle for memory-chip makers as \"growth shows more potential upside after recovering frompricing and data center demand headwinds in 2H20/1H21.\"</p><p>Rakesh said that DRAM pricing for PCs are expected to rise 19% from a year ago, when prices dropped 17% year-over-year. NAND prices are expected to remain stable and possibly recover a bit, with 5G-device launches as a tailwind.</p><p>Ahead of the report, the company said it was dropping development of 3D XPoint technology  in order to focus on compute-express link chips for data centers.</p><p>What to expect</p><p>Earnings: Micron on average is expected to post adjusted earnings of 95 cents a share, up sharply from 66 cents a share expected at the beginning of the quarter, based on 29 analysts surveyed by FactSet. Micron forecast earnings of 93 cents to 98 cents a share at the beginning of March, up from its previous forecast of 68 cents to 72 cents a share . Estimize, a software platform that uses crowdsourcing from hedge-fund executives, brokerages, buy-side analysts and others, calls for earnings of 98 cents a share.</p><p>Revenue: Wall Street expects revenue of $6.19 billion from Micron, according to 28 analysts polled by FactSet. That's up from the $5.54 billion forecast at the beginning of the quarter. Micron predicted revenue of $6.2 billion to $6.25 billion at the beginning of March, up from its previous forecast of $5.6 billion to $6 billion. Estimize expects revenue of $6.26 billion.</p><p>Stock movement: Over Micron's fiscal second quarter, the stock rose nearly 21%, compared with a 4.3% increase on the PHLX Semiconductor Index  over the same period, a 1.9% rise by the S&amp;P 500 index  and a 2.8% gain by the Nasdaq Composite Index . Micron shares closed at $94.60 on March 1, their highest closing price in more than 20 years.</p><p>What analysts are saying</p><p>Evercore ISI analyst C.J. Muse, who has an outperform rating and a $135 price target, said in a note related to Micron's hiked forecast that broader chip shortages will keep demand high.</p><p>\"Longer-term, with management calling out undersupply for DRAM through all of CY21 (and even hinting this could continue into CY22) and falling NAND inventories leading to a higher likelihood of a turnaround there, we see a strong roadmap for estimates to continue moving higher through-out CY21,\" Muse said.</p><p>UBS analyst Timothy Arcuri, who has a buy rating, said a recent discussion with a former Micron executive indicated that the company's lesser exposure to NAND compared with competitors gave it an advantage while it stands to benefit from continued high DRAM demand.</p><p>\"DRAM consolidation has played out and Samsung, Hynix &amp; MU are behaving rationally, even as demand remains robust to the point where it is plausible that hyperscalers may consider pre-paying for supply,\" Arcuri said.</p><p>Of the 34 analysts who cover Micron, 28 have buy or overweight ratings, and six have hold ratings, with an average price target of $114.86.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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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\">\nMicron earnings: Semiconductor shortage leads to heightened expectations\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\">2021-03-30 10:41</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>MW Micron earnings: Semiconductor shortage leads to heightened expectations</p><p>By Wallace Witkowski</p><p>Earnings preview: Greater demand for memory chips during COVID-19 pandemic pushed Micron to increase its forecast</p><p>Micron Technology Inc. faces a heightened bar of its own making for the rest of the year, as widespread chip shortages push up prices for its core memory chips.</p><p>Micron <a href=\"https://laohu8.com/S/MU\">$(MU)$</a> is scheduled to report fiscal second-quarter earnings results after the close of markets Wednesday. The Boise, Idaho-based chip maker considerably raised its forecast for the second quarter  earlier this month, setting up expectations for the rest of the year.</p><p>The big gain in sales is largely the result of the global semiconductor shortage that developed amid heightened demand during the COVID-19 pandemic. Micron could see revenue surge by more than $1 billion from its core memory products, and analysts expect those types of gains to continue throughout 2021.</p><p>Read: Worldwide chip shortage expected to last into next year, and that's good news for semiconductor stocks</p><p>Micron specializes in DRAM and NAND memory chips. DRAM, or dynamic random access memory, is the type of memory commonly used in PCs and servers, while NAND chips are the flash memory chips used in smaller devices like smartphones and USB drives.</p><p>Analysts on average expect DRAM sales of $4.3 billion, up from $3.08 billion in the year-ago period, and NAND sales of $1.6 billion, up from last year's $1.51 billion, according to FactSet.</p><p>Mizuho analyst Vijay Rakesh, who has a buy rating on Micron and a $100 price target, said he sees the the second half of 2021 as an exceptional cycle for memory-chip makers as \"growth shows more potential upside after recovering frompricing and data center demand headwinds in 2H20/1H21.\"</p><p>Rakesh said that DRAM pricing for PCs are expected to rise 19% from a year ago, when prices dropped 17% year-over-year. NAND prices are expected to remain stable and possibly recover a bit, with 5G-device launches as a tailwind.</p><p>Ahead of the report, the company said it was dropping development of 3D XPoint technology  in order to focus on compute-express link chips for data centers.</p><p>What to expect</p><p>Earnings: Micron on average is expected to post adjusted earnings of 95 cents a share, up sharply from 66 cents a share expected at the beginning of the quarter, based on 29 analysts surveyed by FactSet. Micron forecast earnings of 93 cents to 98 cents a share at the beginning of March, up from its previous forecast of 68 cents to 72 cents a share . Estimize, a software platform that uses crowdsourcing from hedge-fund executives, brokerages, buy-side analysts and others, calls for earnings of 98 cents a share.</p><p>Revenue: Wall Street expects revenue of $6.19 billion from Micron, according to 28 analysts polled by FactSet. That's up from the $5.54 billion forecast at the beginning of the quarter. Micron predicted revenue of $6.2 billion to $6.25 billion at the beginning of March, up from its previous forecast of $5.6 billion to $6 billion. Estimize expects revenue of $6.26 billion.</p><p>Stock movement: Over Micron's fiscal second quarter, the stock rose nearly 21%, compared with a 4.3% increase on the PHLX Semiconductor Index  over the same period, a 1.9% rise by the S&amp;P 500 index  and a 2.8% gain by the Nasdaq Composite Index . Micron shares closed at $94.60 on March 1, their highest closing price in more than 20 years.</p><p>What analysts are saying</p><p>Evercore ISI analyst C.J. Muse, who has an outperform rating and a $135 price target, said in a note related to Micron's hiked forecast that broader chip shortages will keep demand high.</p><p>\"Longer-term, with management calling out undersupply for DRAM through all of CY21 (and even hinting this could continue into CY22) and falling NAND inventories leading to a higher likelihood of a turnaround there, we see a strong roadmap for estimates to continue moving higher through-out CY21,\" Muse said.</p><p>UBS analyst Timothy Arcuri, who has a buy rating, said a recent discussion with a former Micron executive indicated that the company's lesser exposure to NAND compared with competitors gave it an advantage while it stands to benefit from continued high DRAM demand.</p><p>\"DRAM consolidation has played out and Samsung, Hynix &amp; MU are behaving rationally, even as demand remains robust to the point where it is plausible that hyperscalers may consider pre-paying for supply,\" Arcuri said.</p><p>Of the 34 analysts who cover Micron, 28 have buy or overweight ratings, and six have hold ratings, with an average price target of $114.86.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/f5e8aba7de194dc92d26747c1cfec057","relate_stocks":{"MU":"美光科技"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2123269962","content_text":"MW Micron earnings: Semiconductor shortage leads to heightened expectationsBy Wallace WitkowskiEarnings preview: Greater demand for memory chips during COVID-19 pandemic pushed Micron to increase its forecastMicron Technology Inc. faces a heightened bar of its own making for the rest of the year, as widespread chip shortages push up prices for its core memory chips.Micron $(MU)$ is scheduled to report fiscal second-quarter earnings results after the close of markets Wednesday. The Boise, Idaho-based chip maker considerably raised its forecast for the second quarter  earlier this month, setting up expectations for the rest of the year.The big gain in sales is largely the result of the global semiconductor shortage that developed amid heightened demand during the COVID-19 pandemic. Micron could see revenue surge by more than $1 billion from its core memory products, and analysts expect those types of gains to continue throughout 2021.Read: Worldwide chip shortage expected to last into next year, and that's good news for semiconductor stocksMicron specializes in DRAM and NAND memory chips. DRAM, or dynamic random access memory, is the type of memory commonly used in PCs and servers, while NAND chips are the flash memory chips used in smaller devices like smartphones and USB drives.Analysts on average expect DRAM sales of $4.3 billion, up from $3.08 billion in the year-ago period, and NAND sales of $1.6 billion, up from last year's $1.51 billion, according to FactSet.Mizuho analyst Vijay Rakesh, who has a buy rating on Micron and a $100 price target, said he sees the the second half of 2021 as an exceptional cycle for memory-chip makers as \"growth shows more potential upside after recovering frompricing and data center demand headwinds in 2H20/1H21.\"Rakesh said that DRAM pricing for PCs are expected to rise 19% from a year ago, when prices dropped 17% year-over-year. NAND prices are expected to remain stable and possibly recover a bit, with 5G-device launches as a tailwind.Ahead of the report, the company said it was dropping development of 3D XPoint technology  in order to focus on compute-express link chips for data centers.What to expectEarnings: Micron on average is expected to post adjusted earnings of 95 cents a share, up sharply from 66 cents a share expected at the beginning of the quarter, based on 29 analysts surveyed by FactSet. Micron forecast earnings of 93 cents to 98 cents a share at the beginning of March, up from its previous forecast of 68 cents to 72 cents a share . Estimize, a software platform that uses crowdsourcing from hedge-fund executives, brokerages, buy-side analysts and others, calls for earnings of 98 cents a share.Revenue: Wall Street expects revenue of $6.19 billion from Micron, according to 28 analysts polled by FactSet. That's up from the $5.54 billion forecast at the beginning of the quarter. Micron predicted revenue of $6.2 billion to $6.25 billion at the beginning of March, up from its previous forecast of $5.6 billion to $6 billion. Estimize expects revenue of $6.26 billion.Stock movement: Over Micron's fiscal second quarter, the stock rose nearly 21%, compared with a 4.3% increase on the PHLX Semiconductor Index  over the same period, a 1.9% rise by the S&P 500 index  and a 2.8% gain by the Nasdaq Composite Index . Micron shares closed at $94.60 on March 1, their highest closing price in more than 20 years.What analysts are sayingEvercore ISI analyst C.J. Muse, who has an outperform rating and a $135 price target, said in a note related to Micron's hiked forecast that broader chip shortages will keep demand high.\"Longer-term, with management calling out undersupply for DRAM through all of CY21 (and even hinting this could continue into CY22) and falling NAND inventories leading to a higher likelihood of a turnaround there, we see a strong roadmap for estimates to continue moving higher through-out CY21,\" Muse said.UBS analyst Timothy Arcuri, who has a buy rating, said a recent discussion with a former Micron executive indicated that the company's lesser exposure to NAND compared with competitors gave it an advantage while it stands to benefit from continued high DRAM demand.\"DRAM consolidation has played out and Samsung, Hynix & MU are behaving rationally, even as demand remains robust to the point where it is plausible that hyperscalers may consider pre-paying for supply,\" Arcuri said.Of the 34 analysts who cover Micron, 28 have buy or overweight ratings, and six have hold ratings, with an average price target of $114.86.","news_type":1},"isVote":1,"tweetType":1,"viewCount":585,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":352216928,"gmtCreate":1616978000464,"gmtModify":1634523371305,"author":{"id":"3569894447597850","authorId":"3569894447597850","name":"BOTAKYAP","avatar":"https://static.tigerbbs.com/335356fded8c7d08f8ee1bbe18b6f105","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Good opportunity&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","listText":"Good opportunity&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","text":"Good opportunity [财迷] [财迷] [财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/352216928","repostId":"1171382652","repostType":4,"isVote":1,"tweetType":1,"viewCount":480,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":352330453,"gmtCreate":1616891167872,"gmtModify":1634523663597,"author":{"id":"3569894447597850","authorId":"3569894447597850","name":"BOTAKYAP","avatar":"https://static.tigerbbs.com/335356fded8c7d08f8ee1bbe18b6f105","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Good opportunity&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","listText":"Good opportunity&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","text":"Good opportunity [财迷] [财迷] [财迷] [财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/352330453","repostId":"1141686975","repostType":4,"repost":{"id":"1141686975","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1616780260,"share":"https://www.laohu8.com/m/news/1141686975?lang=&edition=full","pubTime":"2021-03-27 01:37","market":"us","language":"en","title":"Zhihu Technology fall on its first day of trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1141686975","media":"Tiger Newspress","summary":"Zhihu Technology shares opened at $8.02 each on Friday, about 15.6% lower than the company’s IPO pri","content":"<p>Zhihu Technology shares opened at $8.02&nbsp;each on Friday, about 15.6% lower than the company’s IPO price&nbsp;$9.5.Zhihu IPO prices at low end of the range, valuing company at about $5.3 billion.</p><p><img src=\"https://static.tigerbbs.com/4672a089b4ebb0a889cbfbeb32b48594\" tg-width=\"1920\" tg-height=\"959\" referrerpolicy=\"no-referrer\"></p><p>Zhihu Inc.&nbsp;announced Friday the pricing of its initial public offering, at $9.50 per American depositary share, which was at the low end of the expected range. The China-based online content company offered 55 million ADS in the IPO to raise $522.5 million, while the pricing valued the company at about $5.31 billion.</p><p>Zhihu has a similar business model as Quora where millions of people ask questions and exchange their views and experiences. Zhihu has become the largest online question and answer community in China.</p><p><b>Sales Breakdown</b></p><p>Advertising and paid memberships account for the biggest portion of the company's revenues. Advertising accounted for 86.1% and 62.4% of total revenues in 2019 and 2020, respectively. We estimate advertising as a percentage of revenues to gradually decline in the next five years as it is offset by the faster growing Paid Memberships and Content Commerce Solutions. We estimate advertising as a percentage of sales to decline to 34.1% in 2021 and 22.3% in 2025.</p><p>Paid Memberships represented 13.1% of total revenues in 2019, which increased to 23.7% of total revenues in 2020. We have assumed Paid Membership revenues as a percentage of total revenues to increase to 31.5% in 2021 and 37.8% in 2025.</p><p>Content Commerce Solutions and Other sales also increased sharply in 2020. Content Commerce Solutions revenues jumped from 0.6 million RMB in 2019 to 135.8 million RMB in 2020. In early 2020, the company launched Content-Commerce solutions, which provide merchants and brands a one-stop shop for all of their sales and marketing needs, including marketing plans. We have assumed Content Commerce Solutions as a percentage of total revenue to jump from 10% in 2020 to 17.8% in 2021 and 32.3% in 2025.</p><p><b>Gross Margins</b></p><p>The company's gross margins improved from 46.6% in 2019 to 56.0% in 2020, driven by an overall improving business scalability. We have assumed further improvements in gross margins to 57.4% in 2021 and 62.3% in 2025.</p><p><b>Total Operating Expenses and Operating Margins</b></p><p>Total operating expenses as a percentage of revenues declined significantly from 204.4% in 2019 to 100.6% in 2020. We expect this ratio to improve further to 79% in 2021, 69.2% in 2022, and 57.2% in 2025. The bulk of the improvements in operating expenses is coming from lower SG&amp;A and R&amp;D expenses as a percentage of revenues in the next five years.</p><p><img src=\"https://static.tigerbbs.com/c019cc86f4d4c1d9ffe15d3b4a4bfa75\" tg-width=\"772\" tg-height=\"480\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/ef629be32d2c34d625cb287ad648206d\" tg-width=\"757\" tg-height=\"488\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/b9561a02993fbc88c2cad88e68c08730\" tg-width=\"920\" tg-height=\"485\" referrerpolicy=\"no-referrer\"></p><p><b>Company Background</b></p><p>At the end of 2020, Zhihu had more than 43.1 million cumulative content creators that contributed 315 million questions and answers. In 4Q 2020, the company had 75.7 million average monthly active users, up 33% YoY. One of the key strengths of the company is that it is recognized as one of the most trustworthy online content communities and regarded as providing one of the highest quality content in China. Zhihu has tried to capitalize on its large user base to provide numerous multimedia functions including live streaming, e-commerce, online education, and other video content.</p><p>In August 2019, Zhihu received $434 million in funding from leading investors including Baidu and Kuaishou Technology, valuing the company at $3.5 billion. Given that the company had $97 million in sales in 2019, this would suggest a P/S valuation multiple of 36x. If we take the same P/S multiple apply to the company's 2020 sales of $207 million, this would suggest an implied valuation of $7.5 billion.</p><p>Zhihu was originally developed as a question and answer online community in 2010. At the end of 2020, there were a total of 315 million Q&amp;As spanning more than 1,000 verticals and 571,000 topics. Zhihu is one of the top five comprehensive online content communities in China, in terms of average mobile MAUs and revenue in 2020. The company uses artificial intelligence, cloud, and big data algorithms to improve the optimization of its content and services.</p><p><b>Major Shareholders of Zhihu</b></p><p>The founder &amp; CEO&nbsp;Zhou Yuanowns an 8.2% stake in the company (but 46.6% voting rights). Sinovation Ventures owns a 13.1% stake and Tencent Holdings Ltd. owns a 12.3% stake of Zhihu.</p><p><b>Key Demographics</b></p><p>The diagram below provides some of the key demographics of Zhihu user base. Males accounted for 56.9% of total users. People under 30 years old accounted for 78.7% of its total user base. Tier I and new tier I cities represented 52.6% of total user base. Many of the users of Zhihu are students and white collar professionals.</p><p><img src=\"https://static.tigerbbs.com/524d689472daad1c99491d74dfdbfe24\" tg-width=\"295\" tg-height=\"389\" referrerpolicy=\"no-referrer\"></p><p><b>Revenue Breakdown</b></p><p>Advertising and paid memberships account for the biggest portion of the company's revenues. Advertising accounted for 86.1% and 62.4% of total revenues in 2019 and 2020, respectively. The company's advertising revenue is mainly driven by its MAUs and advertising revenue per MAU. The company's MAUs increased by 42.7% YoY to 68.5 million in 2020. The company started its online advertising business in 2016 and introduced paid content in 2018.</p><p>Paid memberships represented 13.1% of total revenues in 2019, which increased to 23.7% of total revenues in 2020. Average monthly members jumped by 311.5% YoY to 2.36 million in 2020, which is a testament of an increasing number of customers that value the premium content available on Zhihu.</p><p>In March 2019, the company introduced the Yan Selection membership program, making it the first payment-based questions &amp; answers community. It provides its members with unlimited access to about 3.4 million paid content including online lectures, columns, audio books, and e-journals. This is one of the biggest strengths of the company as it shows how high quality data and content can generate serious amount of revenues and it also provides a more steady monthly revenue inflow.</p><p>Content Commerce Solutions and Other sales also increased sharply in 2020. Content Commerce Solutions revenues jumped from 0.6 million RMB in 2019 to 135.8 million RMB in 2020. In early 2020, the company launched Content-Commerce solutions, which provide merchants and brands a one-stop shop for all of their sales and marketing needs, including marketing plans, assigning the most relevant content creators to interested users, and facilitating content creation.</p><p>China's content-commerce solution market is expected to be one of the fastest growing sectors in the next several years. According to CIC Consultancy, China's content-commerce solution market is expected to enjoy a strong CAGR growth of 46.4% from 2019 to 2025 (112.3 billion RMB).</p><p><b>Market Opportunities</b></p><p><b>China’s Online Content Communities Market Size</b></p><p>Online content communities refer to UGC (user generated content)-focused (including PUGC (professional user generated content) focused online content market players where content creators are also users, who are actively engaged within the communities. The content communities generally can stimulate higher level of user engagement, more interactive user experience, and enjoy lower content cost, compared to PGC (professionally generated content) players. PGC is content created by the branded company or organization.</p><p>China's online content communities market size increased from 38.6 billion RMB in 2015 to 275.8 billion RMB in 2019 and is further expected to rise to 1.3 trillion RMB in 2025, representing a CAGR of 30.3% from 2019 to 2025, which is higher than the overall online content market growth.</p><p>China's online content community market has more diversified monetization channels including online advertising, paid membership, content e-commerce, content-commerce solutions, virtual gifting in live streaming, online games, and online education services. In comparison, the US online content community's monetization is mainly through advertising.</p><p>One of the major positives about the company is the growing trend of more Chinese consumers that are willing to pay money for higher quality content. The number of paying users in China’s online content communities is expected to increase at a CAGR of 17.1% between 2019 and 2025, which means an increase of 360.4 million extra paying users of online content communities to 588.2 million in 2025.</p><p><b>China's Online Content Market</b></p><p>China's online content market tripled from 2015 to reach 1.2 trillion RMB in 2019. This market is expected to increase to 3.7 trillion RMB in 2025, representing a CAGR of 21.4% from 2019 to 2025.</p><p><b>China’s Online Content Market Size (in terms of revenue), 2015-2025E</b></p><p><img src=\"https://static.tigerbbs.com/69a7db9cacf26245273702a255aabdb8\" tg-width=\"573\" tg-height=\"258\" referrerpolicy=\"no-referrer\"></p><p><b>Market Size of China’s Online Content Communities (in terms of revenue),2015-2025E</b></p><p><img src=\"https://static.tigerbbs.com/aee42792caf4aa2cbdcd17f757a75727\" tg-width=\"584\" tg-height=\"285\" referrerpolicy=\"no-referrer\"></p><p><b>China’s Paid Membership Market Size (in terms of revenue), 2015-2025E</b></p><p><img src=\"https://static.tigerbbs.com/77ff121d78cb1dd922d524a78570152e\" tg-width=\"520\" tg-height=\"286\" referrerpolicy=\"no-referrer\"></p><p><b>Content-commerce solutions</b></p><p>To provide integrated marketing services, the online content communities provide content-commerce solutions for content creation, content distribution, and content conversion. The company provides integrated content-commerce solutions, providing merchants and brands one-stop services for all their sales and marketing needs, from making marketing plans, facilitating content creation, assigning the most relevant content creators, to distributing to the interested users. China's content commerce solution market is expected to grow from 11.4 billion RMB in 2019 to 112.3 billion RMB in 2025, at a CAGR of 46.4%.</p><p><b>China’s Content-Commerce Solution Market Size (in terms of revenue), 2015-2025E</b></p><p><img src=\"https://static.tigerbbs.com/01a230d3fb2d4cf4aeeebfd5c3c691c3\" tg-width=\"520\" tg-height=\"269\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Zhihu Technology fall on its first day of trading</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\">\nZhihu Technology fall on its first day of trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-03-27 01:37</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Zhihu Technology shares opened at $8.02&nbsp;each on Friday, about 15.6% lower than the company’s IPO price&nbsp;$9.5.Zhihu IPO prices at low end of the range, valuing company at about $5.3 billion.</p><p><img src=\"https://static.tigerbbs.com/4672a089b4ebb0a889cbfbeb32b48594\" tg-width=\"1920\" tg-height=\"959\" referrerpolicy=\"no-referrer\"></p><p>Zhihu Inc.&nbsp;announced Friday the pricing of its initial public offering, at $9.50 per American depositary share, which was at the low end of the expected range. The China-based online content company offered 55 million ADS in the IPO to raise $522.5 million, while the pricing valued the company at about $5.31 billion.</p><p>Zhihu has a similar business model as Quora where millions of people ask questions and exchange their views and experiences. Zhihu has become the largest online question and answer community in China.</p><p><b>Sales Breakdown</b></p><p>Advertising and paid memberships account for the biggest portion of the company's revenues. Advertising accounted for 86.1% and 62.4% of total revenues in 2019 and 2020, respectively. We estimate advertising as a percentage of revenues to gradually decline in the next five years as it is offset by the faster growing Paid Memberships and Content Commerce Solutions. We estimate advertising as a percentage of sales to decline to 34.1% in 2021 and 22.3% in 2025.</p><p>Paid Memberships represented 13.1% of total revenues in 2019, which increased to 23.7% of total revenues in 2020. We have assumed Paid Membership revenues as a percentage of total revenues to increase to 31.5% in 2021 and 37.8% in 2025.</p><p>Content Commerce Solutions and Other sales also increased sharply in 2020. Content Commerce Solutions revenues jumped from 0.6 million RMB in 2019 to 135.8 million RMB in 2020. In early 2020, the company launched Content-Commerce solutions, which provide merchants and brands a one-stop shop for all of their sales and marketing needs, including marketing plans. We have assumed Content Commerce Solutions as a percentage of total revenue to jump from 10% in 2020 to 17.8% in 2021 and 32.3% in 2025.</p><p><b>Gross Margins</b></p><p>The company's gross margins improved from 46.6% in 2019 to 56.0% in 2020, driven by an overall improving business scalability. We have assumed further improvements in gross margins to 57.4% in 2021 and 62.3% in 2025.</p><p><b>Total Operating Expenses and Operating Margins</b></p><p>Total operating expenses as a percentage of revenues declined significantly from 204.4% in 2019 to 100.6% in 2020. We expect this ratio to improve further to 79% in 2021, 69.2% in 2022, and 57.2% in 2025. The bulk of the improvements in operating expenses is coming from lower SG&amp;A and R&amp;D expenses as a percentage of revenues in the next five years.</p><p><img src=\"https://static.tigerbbs.com/c019cc86f4d4c1d9ffe15d3b4a4bfa75\" tg-width=\"772\" tg-height=\"480\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/ef629be32d2c34d625cb287ad648206d\" tg-width=\"757\" tg-height=\"488\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/b9561a02993fbc88c2cad88e68c08730\" tg-width=\"920\" tg-height=\"485\" referrerpolicy=\"no-referrer\"></p><p><b>Company Background</b></p><p>At the end of 2020, Zhihu had more than 43.1 million cumulative content creators that contributed 315 million questions and answers. In 4Q 2020, the company had 75.7 million average monthly active users, up 33% YoY. One of the key strengths of the company is that it is recognized as one of the most trustworthy online content communities and regarded as providing one of the highest quality content in China. Zhihu has tried to capitalize on its large user base to provide numerous multimedia functions including live streaming, e-commerce, online education, and other video content.</p><p>In August 2019, Zhihu received $434 million in funding from leading investors including Baidu and Kuaishou Technology, valuing the company at $3.5 billion. Given that the company had $97 million in sales in 2019, this would suggest a P/S valuation multiple of 36x. If we take the same P/S multiple apply to the company's 2020 sales of $207 million, this would suggest an implied valuation of $7.5 billion.</p><p>Zhihu was originally developed as a question and answer online community in 2010. At the end of 2020, there were a total of 315 million Q&amp;As spanning more than 1,000 verticals and 571,000 topics. Zhihu is one of the top five comprehensive online content communities in China, in terms of average mobile MAUs and revenue in 2020. The company uses artificial intelligence, cloud, and big data algorithms to improve the optimization of its content and services.</p><p><b>Major Shareholders of Zhihu</b></p><p>The founder &amp; CEO&nbsp;Zhou Yuanowns an 8.2% stake in the company (but 46.6% voting rights). Sinovation Ventures owns a 13.1% stake and Tencent Holdings Ltd. owns a 12.3% stake of Zhihu.</p><p><b>Key Demographics</b></p><p>The diagram below provides some of the key demographics of Zhihu user base. Males accounted for 56.9% of total users. People under 30 years old accounted for 78.7% of its total user base. Tier I and new tier I cities represented 52.6% of total user base. Many of the users of Zhihu are students and white collar professionals.</p><p><img src=\"https://static.tigerbbs.com/524d689472daad1c99491d74dfdbfe24\" tg-width=\"295\" tg-height=\"389\" referrerpolicy=\"no-referrer\"></p><p><b>Revenue Breakdown</b></p><p>Advertising and paid memberships account for the biggest portion of the company's revenues. Advertising accounted for 86.1% and 62.4% of total revenues in 2019 and 2020, respectively. The company's advertising revenue is mainly driven by its MAUs and advertising revenue per MAU. The company's MAUs increased by 42.7% YoY to 68.5 million in 2020. The company started its online advertising business in 2016 and introduced paid content in 2018.</p><p>Paid memberships represented 13.1% of total revenues in 2019, which increased to 23.7% of total revenues in 2020. Average monthly members jumped by 311.5% YoY to 2.36 million in 2020, which is a testament of an increasing number of customers that value the premium content available on Zhihu.</p><p>In March 2019, the company introduced the Yan Selection membership program, making it the first payment-based questions &amp; answers community. It provides its members with unlimited access to about 3.4 million paid content including online lectures, columns, audio books, and e-journals. This is one of the biggest strengths of the company as it shows how high quality data and content can generate serious amount of revenues and it also provides a more steady monthly revenue inflow.</p><p>Content Commerce Solutions and Other sales also increased sharply in 2020. Content Commerce Solutions revenues jumped from 0.6 million RMB in 2019 to 135.8 million RMB in 2020. In early 2020, the company launched Content-Commerce solutions, which provide merchants and brands a one-stop shop for all of their sales and marketing needs, including marketing plans, assigning the most relevant content creators to interested users, and facilitating content creation.</p><p>China's content-commerce solution market is expected to be one of the fastest growing sectors in the next several years. According to CIC Consultancy, China's content-commerce solution market is expected to enjoy a strong CAGR growth of 46.4% from 2019 to 2025 (112.3 billion RMB).</p><p><b>Market Opportunities</b></p><p><b>China’s Online Content Communities Market Size</b></p><p>Online content communities refer to UGC (user generated content)-focused (including PUGC (professional user generated content) focused online content market players where content creators are also users, who are actively engaged within the communities. The content communities generally can stimulate higher level of user engagement, more interactive user experience, and enjoy lower content cost, compared to PGC (professionally generated content) players. PGC is content created by the branded company or organization.</p><p>China's online content communities market size increased from 38.6 billion RMB in 2015 to 275.8 billion RMB in 2019 and is further expected to rise to 1.3 trillion RMB in 2025, representing a CAGR of 30.3% from 2019 to 2025, which is higher than the overall online content market growth.</p><p>China's online content community market has more diversified monetization channels including online advertising, paid membership, content e-commerce, content-commerce solutions, virtual gifting in live streaming, online games, and online education services. In comparison, the US online content community's monetization is mainly through advertising.</p><p>One of the major positives about the company is the growing trend of more Chinese consumers that are willing to pay money for higher quality content. The number of paying users in China’s online content communities is expected to increase at a CAGR of 17.1% between 2019 and 2025, which means an increase of 360.4 million extra paying users of online content communities to 588.2 million in 2025.</p><p><b>China's Online Content Market</b></p><p>China's online content market tripled from 2015 to reach 1.2 trillion RMB in 2019. This market is expected to increase to 3.7 trillion RMB in 2025, representing a CAGR of 21.4% from 2019 to 2025.</p><p><b>China’s Online Content Market Size (in terms of revenue), 2015-2025E</b></p><p><img src=\"https://static.tigerbbs.com/69a7db9cacf26245273702a255aabdb8\" tg-width=\"573\" tg-height=\"258\" referrerpolicy=\"no-referrer\"></p><p><b>Market Size of China’s Online Content Communities (in terms of revenue),2015-2025E</b></p><p><img src=\"https://static.tigerbbs.com/aee42792caf4aa2cbdcd17f757a75727\" tg-width=\"584\" tg-height=\"285\" referrerpolicy=\"no-referrer\"></p><p><b>China’s Paid Membership Market Size (in terms of revenue), 2015-2025E</b></p><p><img src=\"https://static.tigerbbs.com/77ff121d78cb1dd922d524a78570152e\" tg-width=\"520\" tg-height=\"286\" referrerpolicy=\"no-referrer\"></p><p><b>Content-commerce solutions</b></p><p>To provide integrated marketing services, the online content communities provide content-commerce solutions for content creation, content distribution, and content conversion. The company provides integrated content-commerce solutions, providing merchants and brands one-stop services for all their sales and marketing needs, from making marketing plans, facilitating content creation, assigning the most relevant content creators, to distributing to the interested users. China's content commerce solution market is expected to grow from 11.4 billion RMB in 2019 to 112.3 billion RMB in 2025, at a CAGR of 46.4%.</p><p><b>China’s Content-Commerce Solution Market Size (in terms of revenue), 2015-2025E</b></p><p><img src=\"https://static.tigerbbs.com/01a230d3fb2d4cf4aeeebfd5c3c691c3\" tg-width=\"520\" tg-height=\"269\" referrerpolicy=\"no-referrer\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ZH":"知乎"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141686975","content_text":"Zhihu Technology shares opened at $8.02 each on Friday, about 15.6% lower than the company’s IPO price $9.5.Zhihu IPO prices at low end of the range, valuing company at about $5.3 billion.Zhihu Inc. announced Friday the pricing of its initial public offering, at $9.50 per American depositary share, which was at the low end of the expected range. The China-based online content company offered 55 million ADS in the IPO to raise $522.5 million, while the pricing valued the company at about $5.31 billion.Zhihu has a similar business model as Quora where millions of people ask questions and exchange their views and experiences. Zhihu has become the largest online question and answer community in China.Sales BreakdownAdvertising and paid memberships account for the biggest portion of the company's revenues. Advertising accounted for 86.1% and 62.4% of total revenues in 2019 and 2020, respectively. We estimate advertising as a percentage of revenues to gradually decline in the next five years as it is offset by the faster growing Paid Memberships and Content Commerce Solutions. We estimate advertising as a percentage of sales to decline to 34.1% in 2021 and 22.3% in 2025.Paid Memberships represented 13.1% of total revenues in 2019, which increased to 23.7% of total revenues in 2020. We have assumed Paid Membership revenues as a percentage of total revenues to increase to 31.5% in 2021 and 37.8% in 2025.Content Commerce Solutions and Other sales also increased sharply in 2020. Content Commerce Solutions revenues jumped from 0.6 million RMB in 2019 to 135.8 million RMB in 2020. In early 2020, the company launched Content-Commerce solutions, which provide merchants and brands a one-stop shop for all of their sales and marketing needs, including marketing plans. We have assumed Content Commerce Solutions as a percentage of total revenue to jump from 10% in 2020 to 17.8% in 2021 and 32.3% in 2025.Gross MarginsThe company's gross margins improved from 46.6% in 2019 to 56.0% in 2020, driven by an overall improving business scalability. We have assumed further improvements in gross margins to 57.4% in 2021 and 62.3% in 2025.Total Operating Expenses and Operating MarginsTotal operating expenses as a percentage of revenues declined significantly from 204.4% in 2019 to 100.6% in 2020. We expect this ratio to improve further to 79% in 2021, 69.2% in 2022, and 57.2% in 2025. The bulk of the improvements in operating expenses is coming from lower SG&A and R&D expenses as a percentage of revenues in the next five years.Company BackgroundAt the end of 2020, Zhihu had more than 43.1 million cumulative content creators that contributed 315 million questions and answers. In 4Q 2020, the company had 75.7 million average monthly active users, up 33% YoY. One of the key strengths of the company is that it is recognized as one of the most trustworthy online content communities and regarded as providing one of the highest quality content in China. Zhihu has tried to capitalize on its large user base to provide numerous multimedia functions including live streaming, e-commerce, online education, and other video content.In August 2019, Zhihu received $434 million in funding from leading investors including Baidu and Kuaishou Technology, valuing the company at $3.5 billion. Given that the company had $97 million in sales in 2019, this would suggest a P/S valuation multiple of 36x. If we take the same P/S multiple apply to the company's 2020 sales of $207 million, this would suggest an implied valuation of $7.5 billion.Zhihu was originally developed as a question and answer online community in 2010. At the end of 2020, there were a total of 315 million Q&As spanning more than 1,000 verticals and 571,000 topics. Zhihu is one of the top five comprehensive online content communities in China, in terms of average mobile MAUs and revenue in 2020. The company uses artificial intelligence, cloud, and big data algorithms to improve the optimization of its content and services.Major Shareholders of ZhihuThe founder & CEO Zhou Yuanowns an 8.2% stake in the company (but 46.6% voting rights). Sinovation Ventures owns a 13.1% stake and Tencent Holdings Ltd. owns a 12.3% stake of Zhihu.Key DemographicsThe diagram below provides some of the key demographics of Zhihu user base. Males accounted for 56.9% of total users. People under 30 years old accounted for 78.7% of its total user base. Tier I and new tier I cities represented 52.6% of total user base. Many of the users of Zhihu are students and white collar professionals.Revenue BreakdownAdvertising and paid memberships account for the biggest portion of the company's revenues. Advertising accounted for 86.1% and 62.4% of total revenues in 2019 and 2020, respectively. The company's advertising revenue is mainly driven by its MAUs and advertising revenue per MAU. The company's MAUs increased by 42.7% YoY to 68.5 million in 2020. The company started its online advertising business in 2016 and introduced paid content in 2018.Paid memberships represented 13.1% of total revenues in 2019, which increased to 23.7% of total revenues in 2020. Average monthly members jumped by 311.5% YoY to 2.36 million in 2020, which is a testament of an increasing number of customers that value the premium content available on Zhihu.In March 2019, the company introduced the Yan Selection membership program, making it the first payment-based questions & answers community. It provides its members with unlimited access to about 3.4 million paid content including online lectures, columns, audio books, and e-journals. This is one of the biggest strengths of the company as it shows how high quality data and content can generate serious amount of revenues and it also provides a more steady monthly revenue inflow.Content Commerce Solutions and Other sales also increased sharply in 2020. Content Commerce Solutions revenues jumped from 0.6 million RMB in 2019 to 135.8 million RMB in 2020. In early 2020, the company launched Content-Commerce solutions, which provide merchants and brands a one-stop shop for all of their sales and marketing needs, including marketing plans, assigning the most relevant content creators to interested users, and facilitating content creation.China's content-commerce solution market is expected to be one of the fastest growing sectors in the next several years. According to CIC Consultancy, China's content-commerce solution market is expected to enjoy a strong CAGR growth of 46.4% from 2019 to 2025 (112.3 billion RMB).Market OpportunitiesChina’s Online Content Communities Market SizeOnline content communities refer to UGC (user generated content)-focused (including PUGC (professional user generated content) focused online content market players where content creators are also users, who are actively engaged within the communities. The content communities generally can stimulate higher level of user engagement, more interactive user experience, and enjoy lower content cost, compared to PGC (professionally generated content) players. PGC is content created by the branded company or organization.China's online content communities market size increased from 38.6 billion RMB in 2015 to 275.8 billion RMB in 2019 and is further expected to rise to 1.3 trillion RMB in 2025, representing a CAGR of 30.3% from 2019 to 2025, which is higher than the overall online content market growth.China's online content community market has more diversified monetization channels including online advertising, paid membership, content e-commerce, content-commerce solutions, virtual gifting in live streaming, online games, and online education services. In comparison, the US online content community's monetization is mainly through advertising.One of the major positives about the company is the growing trend of more Chinese consumers that are willing to pay money for higher quality content. The number of paying users in China’s online content communities is expected to increase at a CAGR of 17.1% between 2019 and 2025, which means an increase of 360.4 million extra paying users of online content communities to 588.2 million in 2025.China's Online Content MarketChina's online content market tripled from 2015 to reach 1.2 trillion RMB in 2019. This market is expected to increase to 3.7 trillion RMB in 2025, representing a CAGR of 21.4% from 2019 to 2025.China’s Online Content Market Size (in terms of revenue), 2015-2025EMarket Size of China’s Online Content Communities (in terms of revenue),2015-2025EChina’s Paid Membership Market Size (in terms of revenue), 2015-2025EContent-commerce solutionsTo provide integrated marketing services, the online content communities provide content-commerce solutions for content creation, content distribution, and content conversion. The company provides integrated content-commerce solutions, providing merchants and brands one-stop services for all their sales and marketing needs, from making marketing plans, facilitating content creation, assigning the most relevant content creators, to distributing to the interested users. China's content commerce solution market is expected to grow from 11.4 billion RMB in 2019 to 112.3 billion RMB in 2025, at a CAGR of 46.4%.China’s Content-Commerce Solution Market Size (in terms of revenue), 2015-2025E","news_type":1},"isVote":1,"tweetType":1,"viewCount":279,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":356543132,"gmtCreate":1616801636626,"gmtModify":1634523961821,"author":{"id":"3569894447597850","authorId":"3569894447597850","name":"BOTAKYAP","avatar":"https://static.tigerbbs.com/335356fded8c7d08f8ee1bbe18b6f105","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Good opportunity&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","listText":"Good opportunity&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","text":"Good opportunity [财迷] [财迷] [财迷] [财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/356543132","repostId":"1111192234","repostType":4,"repost":{"id":"1111192234","pubTimestamp":1616772179,"share":"https://www.laohu8.com/m/news/1111192234?lang=&edition=full","pubTime":"2021-03-26 23:22","market":"us","language":"en","title":"Tesla Deliveries Are Coming. They Matter More Than Ever. Here’s What to Expect.","url":"https://stock-news.laohu8.com/highlight/detail?id=1111192234","media":"Barrons","summary":"The first quarter ends in just a few days. That means more delivery data from auto makers is due. For investors, the figures will be higher stakes than usual. The reason is simple: The global automotive microchip shortage is roiling the entire car business.Numbers will matter even more for richly valued, high-growth companies such as Tesla. Tesla investors want growth, and the chip situation is squeezing growth. Both General Motors and Ford Motor have taken unexpected plant downtime recently and","content":"<p>The first quarter ends in just a few days. That means more delivery data from auto makers is due. For investors, the figures will be higher stakes than usual. The reason is simple: The global automotive microchip shortage is roiling the entire car business.</p>\n<p>Numbers will matter even more for richly valued, high-growth companies such as&nbsp;Tesla(ticker: TSLA). Tesla investors want growth, and the chip situation is squeezing growth. Both&nbsp;General Motors(GM) and&nbsp;Ford Motor(F) have taken unexpected plant downtime recently and have called the chip issue a billion-dollar profit headwind for 2021. That’s not what investors want to hear.</p>\n<p>Everyone is aware of the issue. Still, when first-quarter data is released, investors have to decide whether or not to give Tesla, or any other fast-growing EV maker, a pass if results are weaker than expected.</p>\n<p>So far the market isn’t feeling charitable. But the sample size is only one stock.</p>\n<p>NIO&nbsp;shares (NIO) are down more than 6% in Friday trading after the EV maker&nbsp;reduced guidance&nbsp;for first-quarter deliveries from about 20,250 cars to about 19,500. NIO management cited the chip shortage and is shutting a manufacturing plant for five days starting March 29.</p>\n<p>For Tesla, Wall Street is looking for about 162,000 vehicles delivered in March. That’s down from a peak estimate of about 183,000 vehicles. Analysts seem to be reducing numbers, possibly because of the shortage.</p>\n<p>Tesla delivered about 181,000 vehicles in the&nbsp;fourth quarter. For the full year 2021, analysts are looking for almost 800,000 vehicle deliveries, up about 60% year over year.</p>\n<p>RBC analyst&nbsp;Joe Spak&nbsp;is forecasting 170,000 first-quarter deliveries, up more than 90% year over year. He also forecasts Tesla will make 96,000 cars in California and 74,000 cars in China during the quarter. “Consensus [estimate] looks mostly reasonable,” wrote Spak in a Thursday report. “We do look for updates to see how the semi shortage is impacting&nbsp;Tesla—as it has the rest of the industry.” He sees some additional downside risk to estimates, especially for second-quarter numbers, because of chips.</p>\n<p>Spak rates Tesla stock Hold and has a $725 price target for shares.</p>\n<p>In the case of Tesla stock, the chip shortage has taken a back seat to rising interest rates. Rising rateshit growth stocksin two main ways. For starters, it makes growth more expensive to finance. NIO isn’t profitable yet. High-growth companies generate most of their cash flow far in the future. That cash flow is worth a little less, relatively speaking, when investors can earn higher interest rates on their cash today.</p>\n<p>Tesla stock is down roughly 10% year to date after rising more than 740% in 2020. Shares are down 0.9% in early Friday trading, at $634.40. The&nbsp;S&amp;P 500is up about 0.7%.</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>Tesla Deliveries Are Coming. They Matter More Than Ever. Here’s What to Expect.</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\">\nTesla Deliveries Are Coming. They Matter More Than Ever. Here’s What to Expect.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-26 23:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/tesla-deliveries-are-coming-they-matter-more-than-ever-heres-what-to-expect-51616769819?mod=hp_DAY_Theme_1_3><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The first quarter ends in just a few days. That means more delivery data from auto makers is due. For investors, the figures will be higher stakes than usual. The reason is simple: The global ...</p>\n\n<a href=\"https://www.barrons.com/articles/tesla-deliveries-are-coming-they-matter-more-than-ever-heres-what-to-expect-51616769819?mod=hp_DAY_Theme_1_3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.barrons.com/articles/tesla-deliveries-are-coming-they-matter-more-than-ever-heres-what-to-expect-51616769819?mod=hp_DAY_Theme_1_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111192234","content_text":"The first quarter ends in just a few days. That means more delivery data from auto makers is due. For investors, the figures will be higher stakes than usual. The reason is simple: The global automotive microchip shortage is roiling the entire car business.\nNumbers will matter even more for richly valued, high-growth companies such as Tesla(ticker: TSLA). Tesla investors want growth, and the chip situation is squeezing growth. Both General Motors(GM) and Ford Motor(F) have taken unexpected plant downtime recently and have called the chip issue a billion-dollar profit headwind for 2021. That’s not what investors want to hear.\nEveryone is aware of the issue. Still, when first-quarter data is released, investors have to decide whether or not to give Tesla, or any other fast-growing EV maker, a pass if results are weaker than expected.\nSo far the market isn’t feeling charitable. But the sample size is only one stock.\nNIO shares (NIO) are down more than 6% in Friday trading after the EV maker reduced guidance for first-quarter deliveries from about 20,250 cars to about 19,500. NIO management cited the chip shortage and is shutting a manufacturing plant for five days starting March 29.\nFor Tesla, Wall Street is looking for about 162,000 vehicles delivered in March. That’s down from a peak estimate of about 183,000 vehicles. Analysts seem to be reducing numbers, possibly because of the shortage.\nTesla delivered about 181,000 vehicles in the fourth quarter. For the full year 2021, analysts are looking for almost 800,000 vehicle deliveries, up about 60% year over year.\nRBC analyst Joe Spak is forecasting 170,000 first-quarter deliveries, up more than 90% year over year. He also forecasts Tesla will make 96,000 cars in California and 74,000 cars in China during the quarter. “Consensus [estimate] looks mostly reasonable,” wrote Spak in a Thursday report. “We do look for updates to see how the semi shortage is impacting Tesla—as it has the rest of the industry.” He sees some additional downside risk to estimates, especially for second-quarter numbers, because of chips.\nSpak rates Tesla stock Hold and has a $725 price target for shares.\nIn the case of Tesla stock, the chip shortage has taken a back seat to rising interest rates. Rising rateshit growth stocksin two main ways. For starters, it makes growth more expensive to finance. NIO isn’t profitable yet. High-growth companies generate most of their cash flow far in the future. That cash flow is worth a little less, relatively speaking, when investors can earn higher interest rates on their cash today.\nTesla stock is down roughly 10% year to date after rising more than 740% in 2020. Shares are down 0.9% in early Friday trading, at $634.40. The S&P 500is up about 0.7%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":631,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":356935673,"gmtCreate":1616747835292,"gmtModify":1634524221817,"author":{"id":"3569894447597850","authorId":"3569894447597850","name":"BOTAKYAP","avatar":"https://static.tigerbbs.com/335356fded8c7d08f8ee1bbe18b6f105","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Good opportunity&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","listText":"Good opportunity&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","text":"Good opportunity [财迷] [财迷] [财迷] [财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/356935673","repostId":"1188307475","repostType":4,"isVote":1,"tweetType":1,"viewCount":502,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":351656954,"gmtCreate":1616594724578,"gmtModify":1634525019534,"author":{"id":"3569894447597850","authorId":"3569894447597850","name":"BOTAKYAP","avatar":"https://static.tigerbbs.com/335356fded8c7d08f8ee1bbe18b6f105","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Good opportunity&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","listText":"Good opportunity&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","text":"Good opportunity [财迷] [财迷] [财迷] [财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/351656954","repostId":"1126909187","repostType":4,"repost":{"id":"1126909187","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1616594416,"share":"https://www.laohu8.com/m/news/1126909187?lang=&edition=full","pubTime":"2021-03-24 22:00","market":"us","language":"en","title":"TSMC shares fall more than 4% after Intel's plan to expand advanced chip capacity","url":"https://stock-news.laohu8.com/highlight/detail?id=1126909187","media":"Tiger Newspress","summary":"Taiwan Semiconductor Manufacturing Co Ltd (TSMC) shares fell more than 4% in Wednesday morning tradi","content":"<p>Taiwan Semiconductor Manufacturing Co Ltd (TSMC) shares fell more&nbsp;than 4% in Wednesday morning trading after Intel Corp announced a $20 billion plan to expand its advanced chip manufacturing capacity, even as Taiwan’s 'economy minister' sought to downplay the impact.</p><p>In addition,Taiwan stepped up its fight against its worst drought in decades, further reducing water supplies to areas including a key hub of semiconductor manufacturing in the central part of the island in an effort to stop reserves from running dry.</p><p><img src=\"https://static.tigerbbs.com/8c164ae8737d81fb36a214a198e6e9a8\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>TSMC shares fall more than 4% after Intel's plan to expand advanced chip capacity</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\">\nTSMC shares fall more than 4% after Intel's plan to expand advanced chip capacity\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-03-24 22:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Taiwan Semiconductor Manufacturing Co Ltd (TSMC) shares fell more&nbsp;than 4% in Wednesday morning trading after Intel Corp announced a $20 billion plan to expand its advanced chip manufacturing capacity, even as Taiwan’s 'economy minister' sought to downplay the impact.</p><p>In addition,Taiwan stepped up its fight against its worst drought in decades, further reducing water supplies to areas including a key hub of semiconductor manufacturing in the central part of the island in an effort to stop reserves from running dry.</p><p><img src=\"https://static.tigerbbs.com/8c164ae8737d81fb36a214a198e6e9a8\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSM":"台积电"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126909187","content_text":"Taiwan Semiconductor Manufacturing Co Ltd (TSMC) shares fell more than 4% in Wednesday morning trading after Intel Corp announced a $20 billion plan to expand its advanced chip manufacturing capacity, even as Taiwan’s 'economy minister' sought to downplay the impact.In addition,Taiwan stepped up its fight against its worst drought in decades, further reducing water supplies to areas including a key hub of semiconductor manufacturing in the central part of the island in an effort to stop reserves from running dry.","news_type":1},"isVote":1,"tweetType":1,"viewCount":873,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":353603677,"gmtCreate":1616487909999,"gmtModify":1634525572416,"author":{"id":"3569894447597850","authorId":"3569894447597850","name":"BOTAKYAP","avatar":"https://static.tigerbbs.com/335356fded8c7d08f8ee1bbe18b6f105","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Good opportunity&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","listText":"Good opportunity&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","text":"Good opportunity [财迷] [财迷] [财迷] [财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/353603677","repostId":"1152208353","repostType":4,"repost":{"id":"1152208353","pubTimestamp":1616487604,"share":"https://www.laohu8.com/m/news/1152208353?lang=&edition=full","pubTime":"2021-03-23 16:20","market":"us","language":"en","title":"Short and Hot: How Investors Can Play This Economic Cycle","url":"https://stock-news.laohu8.com/highlight/detail?id=1152208353","media":"Barrons","summary":"Whether or not the current economic cycle is a new one–as opposed to a continuation of the pre-Covid","content":"<p>Whether or not the current economic cycle is a new one–as opposed to a continuation of the pre-Covid cycle–isn’t just a question for the wonks.</p><p>As the pandemic brought the global economy to a sudden stop and extraordinary fiscal and monetary responses drove a rapid recovery, some argue that both were so fast that conditions never reset in the way they usually do during recessions, says Morgan Stanley’s chief cross-asset strategist Andrew Sheets.</p><p>But looking back over the last three U.S. recessions, Sheets says there are several key similarities from April 2020 to those past periods when what he calls normal early-cycle investment strategies have worked well. All three were similarly preceded by high consumer confidence, low unemployment, and declining equity market breadth. He notes that corporate default rates since April have been similar to other recessions when measured on a rolling two-year basis.</p><p>“If it walks like a new cycle and talks like a new cycle, we think that investors should treat it like a new cycle,” says Sheets.</p><p>There’s a practical reason why investors might make the distinction.</p><p>Assuming we are in fact in a new economic cycle, it’s crucial to consider how this one is different from those that have come before–even if there are plenty of similarities. “While this cycle has so far followed many ‘normal’ patterns, its evolution could be unique,” Sheets says, suggesting this cycle could burn unusually hot and require earlier-than-usual repositioning by investors.</p><p>In particular, U.S. small-cap (versus large-cap) equities, copper (versus gold) and corporate credit are all strategies that Morgan Stanley has liked given historically strong performances following recessions. But all do less well as the cycle extends, Sheets says, noting his firm’s recent downgrade of U.S. small-caps as it looks to exit some early-cycle strategies.</p><p>The same holds true for regional leadership. Emerging market equities historically do best following a recession, but then lag behind, Sheets says.</p><p>As for the dynamics behind a hot and short economic cycle, there are several factors at play.&nbsp;First, there are the simultaneous record levels of fiscal and monetary stimulus. There’s the very high rate of savings in the U.S., Europe and China (evident across households as well as on corporate balance sheets) and the belief that such lofty cash cushions boost spending as vaccinations roll out and consumers resume some normal activities. Then there is the labor market, which economists at Morgan Stanley says is primed for “an unusually fast” normalization as outstanding job losses are concentrated in sectors most tied to Covid-19 and thus vaccine distribution.</p><p>Then there is the labor market, which economists at Morgan Stanley say is primed for “an unusually fast” normalization as outstanding job losses are concentrated in sectors most tied to Covid-19 and thus vaccine distribution.</p><p><img src=\"https://static.tigerbbs.com/97b8730a1b20c60729eda19ca37bd0c4\" tg-width=\"1057\" tg-height=\"954\"></p><p>Last, Sheets points to the future path of policy. Global central banks continue to signal a strong commitment to extremely accommodative policy, with the U.S. Federal Reserve reiterating last week that it would tolerate some degree of above-2% inflation for some period of time in order to help the labor market and broader economy recover. Fed Chairman Jerome Powell has continued to suggest the Fed won’t raise rates before 2024.</p><p>At the same time, Sheets says, governments are showing little desire to raise taxes or cut spending. Taken together, these stances suggest a hotter cycle that is less likely to be restrained by policy tightening than the previous expansions, he says.</p><p>For all of those reasons, Morgan Stanley economists think that growth and inflation will exceed expectations over the next two years. “But just like in the cosmos, what burns hotter may also burn shorter,” more closely resembling expansions in the late 1940s or 1950s than the recoveries of the past 40 years, Sheets says.</p><p>The upshot? Short cycles can still mean good growth and multiyear expansions, Sheets says, reminding investors of a solid 4% U.S. growth rate between 1947 and 1960, despite recessions in 1948, 1953, 1957, and 1960. But this time, investors need to be more nimble; if this cycle does indeed burn hotter and shorter, investors need to already start thinking about rotating out of early-cycle winners, Sheets says.</p><p>All the while, investors need to be prepared for conditions to run too hot. How hot is too hot is the big question, as central bankers avoid committing to specifics and instead broadly suggest there is plenty of room to run before even thinking about tightening monetary policy.</p><p>To keep a finger on that pulse, Sheets suggests following the U.S. breakeven expectations curve, which, at the moment, is reflecting a modest overshoot of inflation over the next several years, followed by lower levels of inflation.</p><p>“That would appear to be exactly what the Fed hopes to deliver, wrapped up neatly with a nice little bow,” Sheets says. As long as that curve remains inverted, the market is signaling that inflationary pressure will be transitory, and there is little need for central banks to sharply change tack, he says.&nbsp;Maybe this is correct. Or maybe it’s not, meaning investors should be ready to readjust earlier than the conventional wisdom might predict.</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>Short and Hot: How Investors Can Play This Economic Cycle</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\">\nShort and Hot: How Investors Can Play This Economic Cycle\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-23 16:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/short-and-hot-how-investors-can-play-this-economic-cycle-51616445337?mod=hp_LEAD_1><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Whether or not the current economic cycle is a new one–as opposed to a continuation of the pre-Covid cycle–isn’t just a question for the wonks.As the pandemic brought the global economy to a sudden ...</p>\n\n<a href=\"https://www.barrons.com/articles/short-and-hot-how-investors-can-play-this-economic-cycle-51616445337?mod=hp_LEAD_1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.barrons.com/articles/short-and-hot-how-investors-can-play-this-economic-cycle-51616445337?mod=hp_LEAD_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1152208353","content_text":"Whether or not the current economic cycle is a new one–as opposed to a continuation of the pre-Covid cycle–isn’t just a question for the wonks.As the pandemic brought the global economy to a sudden stop and extraordinary fiscal and monetary responses drove a rapid recovery, some argue that both were so fast that conditions never reset in the way they usually do during recessions, says Morgan Stanley’s chief cross-asset strategist Andrew Sheets.But looking back over the last three U.S. recessions, Sheets says there are several key similarities from April 2020 to those past periods when what he calls normal early-cycle investment strategies have worked well. All three were similarly preceded by high consumer confidence, low unemployment, and declining equity market breadth. He notes that corporate default rates since April have been similar to other recessions when measured on a rolling two-year basis.“If it walks like a new cycle and talks like a new cycle, we think that investors should treat it like a new cycle,” says Sheets.There’s a practical reason why investors might make the distinction.Assuming we are in fact in a new economic cycle, it’s crucial to consider how this one is different from those that have come before–even if there are plenty of similarities. “While this cycle has so far followed many ‘normal’ patterns, its evolution could be unique,” Sheets says, suggesting this cycle could burn unusually hot and require earlier-than-usual repositioning by investors.In particular, U.S. small-cap (versus large-cap) equities, copper (versus gold) and corporate credit are all strategies that Morgan Stanley has liked given historically strong performances following recessions. But all do less well as the cycle extends, Sheets says, noting his firm’s recent downgrade of U.S. small-caps as it looks to exit some early-cycle strategies.The same holds true for regional leadership. Emerging market equities historically do best following a recession, but then lag behind, Sheets says.As for the dynamics behind a hot and short economic cycle, there are several factors at play. First, there are the simultaneous record levels of fiscal and monetary stimulus. There’s the very high rate of savings in the U.S., Europe and China (evident across households as well as on corporate balance sheets) and the belief that such lofty cash cushions boost spending as vaccinations roll out and consumers resume some normal activities. Then there is the labor market, which economists at Morgan Stanley says is primed for “an unusually fast” normalization as outstanding job losses are concentrated in sectors most tied to Covid-19 and thus vaccine distribution.Then there is the labor market, which economists at Morgan Stanley say is primed for “an unusually fast” normalization as outstanding job losses are concentrated in sectors most tied to Covid-19 and thus vaccine distribution.Last, Sheets points to the future path of policy. Global central banks continue to signal a strong commitment to extremely accommodative policy, with the U.S. Federal Reserve reiterating last week that it would tolerate some degree of above-2% inflation for some period of time in order to help the labor market and broader economy recover. Fed Chairman Jerome Powell has continued to suggest the Fed won’t raise rates before 2024.At the same time, Sheets says, governments are showing little desire to raise taxes or cut spending. Taken together, these stances suggest a hotter cycle that is less likely to be restrained by policy tightening than the previous expansions, he says.For all of those reasons, Morgan Stanley economists think that growth and inflation will exceed expectations over the next two years. “But just like in the cosmos, what burns hotter may also burn shorter,” more closely resembling expansions in the late 1940s or 1950s than the recoveries of the past 40 years, Sheets says.The upshot? Short cycles can still mean good growth and multiyear expansions, Sheets says, reminding investors of a solid 4% U.S. growth rate between 1947 and 1960, despite recessions in 1948, 1953, 1957, and 1960. But this time, investors need to be more nimble; if this cycle does indeed burn hotter and shorter, investors need to already start thinking about rotating out of early-cycle winners, Sheets says.All the while, investors need to be prepared for conditions to run too hot. How hot is too hot is the big question, as central bankers avoid committing to specifics and instead broadly suggest there is plenty of room to run before even thinking about tightening monetary policy.To keep a finger on that pulse, Sheets suggests following the U.S. breakeven expectations curve, which, at the moment, is reflecting a modest overshoot of inflation over the next several years, followed by lower levels of inflation.“That would appear to be exactly what the Fed hopes to deliver, wrapped up neatly with a nice little bow,” Sheets says. As long as that curve remains inverted, the market is signaling that inflationary pressure will be transitory, and there is little need for central banks to sharply change tack, he says. Maybe this is correct. Or maybe it’s not, meaning investors should be ready to readjust earlier than the conventional wisdom might predict.","news_type":1},"isVote":1,"tweetType":1,"viewCount":621,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":359842473,"gmtCreate":1616386790392,"gmtModify":1634526120869,"author":{"id":"3569894447597850","authorId":"3569894447597850","name":"BOTAKYAP","avatar":"https://static.tigerbbs.com/335356fded8c7d08f8ee1bbe18b6f105","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Good opportunity&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","listText":"Good opportunity&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","text":"Good opportunity [财迷] [财迷] [财迷] [财迷] [财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/359842473","repostId":"1142823107","repostType":4,"repost":{"id":"1142823107","pubTimestamp":1616384869,"share":"https://www.laohu8.com/m/news/1142823107?lang=&edition=full","pubTime":"2021-03-22 11:47","market":"us","language":"en","title":"Australia's Crown Resorts receives $6.2 billion proposal from Blackstone","url":"https://stock-news.laohu8.com/highlight/detail?id=1142823107","media":"reuters","summary":"(Reuters) - Troubled Australian casino operator Crown Resorts Ltd on Monday said it had received a c","content":"<p>(Reuters) - Troubled Australian casino operator Crown Resorts Ltd on Monday said it had received a conditional buyout proposal from U.S. private equity giant Blackstone, sending its shares 19% higher.</p>\n<p>The indicative proposal comes as casinos and gaming operators around the world have seen values plunge as coronavirus lockdowns battered earnings, putting them on the radar of cashed-up investment firms.</p>\n<p>Crown has suffered more than most after a year-long regulatory inquiry aired allegations of money laundering and governance failures at the company, leading to the loss of its gambling licence for its new A$2.2 billion Sydney casino last month.</p>\n<p>Since then, top executives including its chief executive resigned, paving the way for Crown to repair its reputation and regain its licence with ex-federal communications minister and Chairman Helen Coonan at the helm of the overhaul.</p>\n<p>Crown said Blackstone’s proposal was A$11.85 per share, a premium of 20.2% to the company’s last closing price, and valuing it at A$8.02 billion ($6.2 billion).</p>\n<p>Its shares jumped to A$11.750 following news of the proposal on Monday, their highest in a year. The stock fell nearly 20% in 2020 as the inquiry exposed major flaws in the company’s governance.</p>\n<p>Blackstone currently has a 10% stake in Crown which it bought from Macau’s Melco Resorts &amp; Entertainment in April last year at just A$8.15 per share, and is the second-largest holder after billionaire founder James Packer.</p>\n<p>The company’s board had not yet formed a view on the offer, which was subject to conditions including due diligence, arranging debt finance and Blackstone receiving gambling approvals to allow it to operate Crown’s Sydney, Melbourne and Perth licences, the company said in a statement.</p>\n<p>Blackstone most recently acquired the Bellagio in Las Vegas for $4.25 billion, and also owns a casino resort called “The Cosmopolitan” in Las Vegas and Spanish gaming hall operator Cirsa.</p>\n<p>($1 = 1.2967 Australian dollars)</p>","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>Australia's Crown Resorts receives $6.2 billion proposal from Blackstone</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; 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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\">\nAustralia's Crown Resorts receives $6.2 billion proposal from Blackstone\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-22 11:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/article/us-crown-resorts-m-a-blackstone-group/blackstone-proposal-values-australian-casino-operator-crown-at-6-2-billion-idUSKBN2BD0SM?il=0><strong>reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - Troubled Australian casino operator Crown Resorts Ltd on Monday said it had received a conditional buyout proposal from U.S. private equity giant Blackstone, sending its shares 19% higher....</p>\n\n<a href=\"https://www.reuters.com/article/us-crown-resorts-m-a-blackstone-group/blackstone-proposal-values-australian-casino-operator-crown-at-6-2-billion-idUSKBN2BD0SM?il=0\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BX":"黑石"},"source_url":"https://www.reuters.com/article/us-crown-resorts-m-a-blackstone-group/blackstone-proposal-values-australian-casino-operator-crown-at-6-2-billion-idUSKBN2BD0SM?il=0","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1142823107","content_text":"(Reuters) - Troubled Australian casino operator Crown Resorts Ltd on Monday said it had received a conditional buyout proposal from U.S. private equity giant Blackstone, sending its shares 19% higher.\nThe indicative proposal comes as casinos and gaming operators around the world have seen values plunge as coronavirus lockdowns battered earnings, putting them on the radar of cashed-up investment firms.\nCrown has suffered more than most after a year-long regulatory inquiry aired allegations of money laundering and governance failures at the company, leading to the loss of its gambling licence for its new A$2.2 billion Sydney casino last month.\nSince then, top executives including its chief executive resigned, paving the way for Crown to repair its reputation and regain its licence with ex-federal communications minister and Chairman Helen Coonan at the helm of the overhaul.\nCrown said Blackstone’s proposal was A$11.85 per share, a premium of 20.2% to the company’s last closing price, and valuing it at A$8.02 billion ($6.2 billion).\nIts shares jumped to A$11.750 following news of the proposal on Monday, their highest in a year. The stock fell nearly 20% in 2020 as the inquiry exposed major flaws in the company’s governance.\nBlackstone currently has a 10% stake in Crown which it bought from Macau’s Melco Resorts & Entertainment in April last year at just A$8.15 per share, and is the second-largest holder after billionaire founder James Packer.\nThe company’s board had not yet formed a view on the offer, which was subject to conditions including due diligence, arranging debt finance and Blackstone receiving gambling approvals to allow it to operate Crown’s Sydney, Melbourne and Perth licences, the company said in a statement.\nBlackstone most recently acquired the Bellagio in Las Vegas for $4.25 billion, and also owns a casino resort called “The Cosmopolitan” in Las Vegas and Spanish gaming hall operator Cirsa.\n($1 = 1.2967 Australian dollars)","news_type":1},"isVote":1,"tweetType":1,"viewCount":271,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":359013949,"gmtCreate":1616299876581,"gmtModify":1634526435385,"author":{"id":"3569894447597850","authorId":"3569894447597850","name":"BOTAKYAP","avatar":"https://static.tigerbbs.com/335356fded8c7d08f8ee1bbe18b6f105","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Good opportunity&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","listText":"Good opportunity&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","text":"Good opportunity [财迷] [财迷] [财迷] [财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/359013949","repostId":"1117450855","repostType":4,"repost":{"id":"1117450855","pubTimestamp":1616166767,"share":"https://www.laohu8.com/m/news/1117450855?lang=&edition=full","pubTime":"2021-03-19 23:12","market":"us","language":"en","title":"Powell says Fed will keep supporting economy ‘for as long as it takes’","url":"https://stock-news.laohu8.com/highlight/detail?id=1117450855","media":"marketwatch","summary":"Outlook is brightening, but recovery ‘far from complete,’ Fed chairman says in WSJ op-ed.Federal Reserve Chairman Jerome Powell on Friday said that while the U.S. economic outlook is “brightening,” the recovery is “far from complete.”In an op-ed published in the Wall Street Journal,Powell recounted the moment last February when he realized that the coronavirus pandemic would sweep across the country.“The danger to the U.S. economy was grave. The challenge was to limit the severity and duration o","content":"<blockquote>\n <b>Outlook is brightening, but recovery ‘far from complete,’ Fed chairman says in WSJ op-ed.</b>\n</blockquote>\n<p>Federal Reserve Chairman Jerome Powell on Friday said that while the U.S. economic outlook is “brightening,” the recovery is “far from complete.”</p>\n<p>In an op-ed published in the Wall Street Journal,Powell recounted the moment last February when he realized that the coronavirus pandemic would sweep across the country.</p>\n<p>“The danger to the U.S. economy was grave. The challenge was to limit the severity and duration of the fallout to avoid longer-run damage,” he said.</p>\n<p>Powell and his colleagues engineered a rapid response to the crisis, based on the lesson learned from slow recovery to the Great Recession of 2008-2009 that swift action might have been better.</p>\n<p>The central bank quickly slashed its policy interest rate to zero and launched an open-ended asset purchase program known as quantitative easing.</p>\n<p>With economists penciling in strong growth for 2021 and more Americans getting vaccinated every day, financial markets are wondering how long Fed support will last.</p>\n<p>In the op-ed, Powell said the situation “is much improved.”</p>\n<p>“But the recovery is far from complete, so at the Fed we will continue to provide the economy with the support that it needs for as long as it takes,” Powell said.</p>\n<p>“I truly believe that we will emerge from this crisis stronger and better, as we have done so often before,” he said.</p>\n<p>On Wednesday, the Fed recommitted to its easy money policy stance at its latest policy meeting despite a forecast for stronger economic growth and higher inflation this year.</p>\n<p>The Fed chairman did not mention the outlook for inflation in his Friday article . Many on Wall Street are worried that the economy will overheat before the Fed pulls back its easy policy stance.</p>\n<p>Yields on the 10-year Treasury noteTMUBMUSD10Y,1.734%have risen to 1.73% this week after starting the year below 1%.</p>\n<p>Stocks were trading lower on Friday, with the Dow Jones Industrial AverageDJIA,-0.71%down 187 points in mid-morning trading.</p>","source":"market_watch","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Powell says Fed will keep supporting economy ‘for as long as it takes’</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPowell says Fed will keep supporting economy ‘for as long as it takes’\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-19 23:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/powell-says-fed-will-keep-supporting-economy-for-as-long-as-it-takes-11616165178?mod=home-page><strong>marketwatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Outlook is brightening, but recovery ‘far from complete,’ Fed chairman says in WSJ op-ed.\n\nFederal Reserve Chairman Jerome Powell on Friday said that while the U.S. economic outlook is “brightening,” ...</p>\n\n<a href=\"https://www.marketwatch.com/story/powell-says-fed-will-keep-supporting-economy-for-as-long-as-it-takes-11616165178?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.marketwatch.com/story/powell-says-fed-will-keep-supporting-economy-for-as-long-as-it-takes-11616165178?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1117450855","content_text":"Outlook is brightening, but recovery ‘far from complete,’ Fed chairman says in WSJ op-ed.\n\nFederal Reserve Chairman Jerome Powell on Friday said that while the U.S. economic outlook is “brightening,” the recovery is “far from complete.”\nIn an op-ed published in the Wall Street Journal,Powell recounted the moment last February when he realized that the coronavirus pandemic would sweep across the country.\n“The danger to the U.S. economy was grave. The challenge was to limit the severity and duration of the fallout to avoid longer-run damage,” he said.\nPowell and his colleagues engineered a rapid response to the crisis, based on the lesson learned from slow recovery to the Great Recession of 2008-2009 that swift action might have been better.\nThe central bank quickly slashed its policy interest rate to zero and launched an open-ended asset purchase program known as quantitative easing.\nWith economists penciling in strong growth for 2021 and more Americans getting vaccinated every day, financial markets are wondering how long Fed support will last.\nIn the op-ed, Powell said the situation “is much improved.”\n“But the recovery is far from complete, so at the Fed we will continue to provide the economy with the support that it needs for as long as it takes,” Powell said.\n“I truly believe that we will emerge from this crisis stronger and better, as we have done so often before,” he said.\nOn Wednesday, the Fed recommitted to its easy money policy stance at its latest policy meeting despite a forecast for stronger economic growth and higher inflation this year.\nThe Fed chairman did not mention the outlook for inflation in his Friday article . Many on Wall Street are worried that the economy will overheat before the Fed pulls back its easy policy stance.\nYields on the 10-year Treasury noteTMUBMUSD10Y,1.734%have risen to 1.73% this week after starting the year below 1%.\nStocks were trading lower on Friday, with the Dow Jones Industrial AverageDJIA,-0.71%down 187 points in mid-morning trading.","news_type":1},"isVote":1,"tweetType":1,"viewCount":141,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":350543703,"gmtCreate":1616239233402,"gmtModify":1634526614774,"author":{"id":"3569894447597850","authorId":"3569894447597850","name":"BOTAKYAP","avatar":"https://static.tigerbbs.com/335356fded8c7d08f8ee1bbe18b6f105","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Good opportunity&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","listText":"Good opportunity&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","text":"Good opportunity [财迷] [财迷] [财迷] [财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/350543703","repostId":"1126157111","repostType":4,"repost":{"id":"1126157111","pubTimestamp":1616165568,"share":"https://www.laohu8.com/m/news/1126157111?lang=&edition=full","pubTime":"2021-03-19 22:52","market":"us","language":"en","title":"SPACs break 2020 record in just 3 months, but the red-hot industry faces challenges ahead","url":"https://stock-news.laohu8.com/highlight/detail?id=1126157111","media":"cnbc","summary":"KEY POINTS\n\nSPACs in the U.S. have raised $87.9 billion so far in 2021, already exceeding the total ","content":"<div>\n<p>KEY POINTS\n\nSPACs in the U.S. have raised $87.9 billion so far in 2021, already exceeding the total issuance in all of last year, according to data from SPAC Research.\nThe red-hot industry is facing a...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/19/spacs-break-2020-record-in-just-3-months.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SPACs break 2020 record in just 3 months, but the red-hot industry faces challenges ahead</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\">\nSPACs break 2020 record in just 3 months, but the red-hot industry faces challenges ahead\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-19 22:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/03/19/spacs-break-2020-record-in-just-3-months.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nSPACs in the U.S. have raised $87.9 billion so far in 2021, already exceeding the total issuance in all of last year, according to data from SPAC Research.\nThe red-hot industry is facing a...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/19/spacs-break-2020-record-in-just-3-months.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.cnbc.com/2021/03/19/spacs-break-2020-record-in-just-3-months.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1126157111","content_text":"KEY POINTS\n\nSPACs in the U.S. have raised $87.9 billion so far in 2021, already exceeding the total issuance in all of last year, according to data from SPAC Research.\nThe red-hot industry is facing a multitude of challenges in keeping up with the meteoric rise.\nHigher interest rates make these growth companies — oftentimes pre-revenue and pre-cash flow — much less appealing.\nMany SPAC IPO stocks have proven to be vulnerable to overall market volatility and wiped out 2021 gains.\n\nIt took the SPAC market just three months to outdo its record-breaking 2020, but sustaining that level of jaw-dropping growth will be no easy task.\nThe funds raised via U.S. special purpose acquisition companies have totaled $87.9 billion so far in 2021, already exceeding the $83.4 billion issuance in all of last year, according to data from SPAC Research.\nSPACs raise capital in an initial public offering and use the cash to merge with a private company and take it public, usually within two years.\n“It seems that everybody is getting calls about these SPACs. The SPACs are knocking on their doors,” said Dana D’Auria, co-CIO at Envestnet PMC. “When there’s a market like that, of course you just have to be concerned with the long-run return potential.”\nThe red-hot industry is facing a multitude of challenges in keeping up with its meteoric rise.\nWith more than 400 deals currently on the hunt for targets, good quality companies can befew and far between.SPAC IPO stocks, many of which experienced heightened speculative trading activity, have proven to be vulnerable to overall market volatility. Meanwhile, higher interest rates are making these growth companies — which are often pre-revenue and pre-cash flow — much less appealing.\n“For companies relying on future earnings, if rates continue to rise, they are going to be more vulnerable than bigger, more mature tech names,” said Quincy Krosby, Prudential Financial’s chief market strategist.\n“They don’t have strong balance sheets and sometimes don’t even have a business,” she said. “The vulnerable parts of the market will be in jeopardy.”\nThe proprietary CNBC SPAC 50 index, which tracks the 50 largest U.S.-based pre-merger blank-check deals by market cap, dropped more than 7% in March. That decline wiped out the index’s 2021 gains.\nThe CNBC SPAC Post Deal Index, which is comprised of the largest SPACs that have come to market and announced a target, also turned negative on the year. The declines came as a spike in bond yields jolted the stock market, especially growth-oriented tech names.\n“Middle-market groups who used to not have the level of sophistication to even orchestrate an IPO want to talk about SPAC IPOs,” said Anthony DeCandido, partner at RSM LLP.\n“Because there are still so many distressed companies out there that face liquidity issues from Covid, there will still be this extended period of buying opportunity for those groups who have capital to put into the market,” he said.\nThe explosive popularity in the SPAC market has also attracted a slew of athletes and other famous figures to jump on the bandwagon, including NBA star Shaquille O’Neal, Alex Rodriguez and musician Ciara Wilson. The Securities and Exchange Commission last weekissued a warningagainst celebrity-backed SPACs, urging investors to think twice before jumping in.\nStructure evolving\nTo prove that the market is not just a cautionary tale on Wall Street, SPACs are evolving their structure to become more investor friendly and reduce the outsized benefit for sponsors.\nBlank-check company sponsors are paid so-called “promote fees,” which typically entitle them to 20% of the total shares outstanding following the IPO for free or at a big discount. This reward usually results in immediate dilution for the target-company shareholders.\nSome recent deals sought to bridge the gap between the returns that insiders get versus average shareholders.\nEarlier this year, Morgan Stanley developed a new structure called a Stakeholder Aligned Initial Listing (SAIL) vehicle where sponsors receive promote in increments based on share performance.\n“The idea in the past that you have this pump-and-dump approach where you organize something and get them there and before the price dilutes by additional ownership, these guys and girls are out ... I don’t see that,” DeCandido said, adding he saw interest for deals with a 5% promote fee.","news_type":1},"isVote":1,"tweetType":1,"viewCount":172,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":327186436,"gmtCreate":1616070224125,"gmtModify":1634527402323,"author":{"id":"3569894447597850","authorId":"3569894447597850","name":"BOTAKYAP","avatar":"https://static.tigerbbs.com/335356fded8c7d08f8ee1bbe18b6f105","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Good opportunity&nbsp;[财迷]&nbsp;[财迷]&nbsp;","listText":"Good opportunity&nbsp;[财迷]&nbsp;[财迷]&nbsp;","text":"Good opportunity [财迷] [财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/327186436","repostId":"1126528554","repostType":4,"repost":{"id":"1126528554","pubTimestamp":1616070017,"share":"https://www.laohu8.com/m/news/1126528554?lang=&edition=full","pubTime":"2021-03-18 20:20","market":"us","language":"en","title":"7 Reasons to Avoid the Reddit Stocks Like the Plague","url":"https://stock-news.laohu8.com/highlight/detail?id=1126528554","media":"Motley Fool","summary":"GameStop, AMC, Sundial, and many more Reddit stocks are bad news for investors.No matter how long yo","content":"<blockquote><b>GameStop, AMC, Sundial, and many more Reddit stocks are bad news for investors.</b></blockquote><p>No matter how long you've been investing, there's always something new to see. Last year, investors witnessed the fastest bear market decline of at least 30% in the<b>S&amp;P 500</b>'s history, as well as West Texas Intermediate crude oil futures plunging deeply (but briefly) into negative territory. This year, it's beenall about the Reddit frenzy.</p><p>Without getting too far into the weeds, retail investors -- many of whom are young or novice investors -- on Reddit's WallStreetBets (WSB) community chatroom have effectively banded together to purchase shares and out-of-the-money call options on stocks with high levels of short interest. The goal of these WSB traders is to effect a short squeeze, which only fuels the upside in a momentum stock. Since most big short-sellers are institutional investors or hedge funds, the Reddit frenzy is being viewed as a battle between retail investors and the \"big money.\"</p><p>While a number of Reddit stocks have skyrocketed, the vast majority are extremely dangerous investments. Here are seven sound reasons to avoid the Reddit stocks like the plague.</p><p><b>1. They've detached from their underlying fundamentals</b></p><p>Arguably the biggest problem with the Reddit-stock rally is that there's no way to justify the underlying fundamentals for these companies.</p><p>Take video game and accessories retailer<b>GameStop</b>(NYSE:GME)as the perfect example. Though its e-commerce sales during the 2020 holiday season catapulted 309%,total sales still declined by 3%as a result of the company shuttering 11% of its stores. After waiting far too long to focus on digital gaming, GameStop's game plan is pretty much to close physical locations in an effort to cut costs and backpedal its way into profitability.</p><p>Then there's headphone, headset, and Bluetooth speaker-manufacturer<b>Koss</b>(NASDAQ:KOSS). After consistently trading at 0.5 to 1.1 times sales over the last decade, Koss is now valued at an estimated 11 to 12 times sales. Mind you, this is a company operating in a highly commoditized and generally low-margin industry that's lost money in three of the past four years. There'sno way to justify its valuation.</p><p><b>2. They're often serial diluters</b></p><p>When questionable stocks take off, you can usually count on the management teams behind these companies to use this gift as an opportunity to raise capital. In layman's terms, this means shareholders are forced to deal with dilution.</p><p>Canadianmarijuana stock<b>Sundial Growers</b>(NASDAQ:SNDL)has raised more than $600 million in cash in a very short time frame. However, the numerous registered direct offerings, at-the-market offerings, and debt-to-equity swaps it undertookincreased its outstanding share countby approximately 1.15 billion shares in five months. Sundial's board also recently OK'd another mixed-shelf offering that would allow it to sell up to $1 billion in securities over time.</p><p>Even if Sundial were to somehow become profitable and effectively put its cash to work, it'll be almost impossible for the company to generate a meaningful per-share profit with 1.66 billion shares outstanding. Without a reverse split, Sundial could regularly flirt with delisting.</p><p><b>3. They usually lose money</b></p><p>A common theme among the Reddit stocks is that most aren't anywhere close to profitability. For instance, intimate apparel and swimwear retailer<b>Naked Brand Group</b>(NASDAQ:NAKD)has been popular both for its high level of short interest and its penny stock share price.</p><p>However, one thing you're not going to find with this company is profits.Sales have been on the decline since 2018, and the company hasn't produced a full-year profit in at least a half-decade. While it's possible Naked Brands' shift to an e-commerce-focused model could help lower its overhead enough to make it profitable, it's far from a guarantee. The retail space is highly competitive, and even successful retailers sport only modest operating margins, at best.</p><p>It's worth pointing out that GameStop and Sundial are losing quite a bit of money, too -- as are most of the other Reddit stocks I'll be mentioning below.</p><p><b>4. Some lack innovation</b></p><p>Another issue with some of the Reddit stocks is that they lack true innovation. This can be seen in cryptocurrency miners<b>Riot Blockchain</b>(NASDAQ:RIOT)and<b>Marathon Digital Holdings</b>(NASDAQ:MARA), which have both been popular stocks within the WSB community.</p><p>Thesecryptocurrency miningcompanies use high-powered computers to solve complex mathematical equations to validate groups of transactions (known as a block) on<b>Bitcoin</b>'s(CRYPTO:BTC)network. For doing so, they're given a block reward of 6.25 Bitcoin. That's worth close to $350,000. As the price of Bitcoin has risen, so have the share prices of Riot and Marathon Digital.</p><p>The problem with these stocks is they're completely tethered to the performance of Bitcoin. Over the last decade, the world's largest digital token plunged by 80% on three separate occasions. If that were to happen again, it's not even clear if the crypto mining operating model would survive.Devoid of innovation, Riot and Marathon are essentially crossing their proverbial fingers and hoping Bitcoin goes up.</p><p><b>5. Quite a few are penny stocks</b></p><p>Retail investors in the WSB community have also been piling intopenny stocks, some of which are heavily sold short. Though penny stocks aren't inherently bad news, the vast majority of companies with share prices below $5 are \"cheap\" for a good reason.</p><p>Veterinary healthcare company<b>Zomedica</b>(NYSEMKT:ZOM)has been an especially popular penny stock with the Reddit crowd. Zomedica first received a boost in January after<i>Tiger King</i>star Carole Baskin mentioned the stock -- a mention Baskin was compensated for -- in a video posted to YouTube. Zomedica's shares gained further traction after the company announced plans to launch its Truforma point-of-care diagnostics system at the end of March.</p><p>But up to this point, Zomedica has been a developmental-stage company with no revenue. Even after Truforma officially hits the market, Wall Street is only counting on a little north of $20 million in sales by 2023. That'speanuts compared to Zomedica's $2.4 billion valuation.</p><p><b>6. Some may not survive</b></p><p>There's also the very real possibility that some of the Reddit stocks being pumped by retail investors may not even survive.</p><p>Movie-theater chain<b>AMC Entertainment</b>(NYSE:AMC), arguably the most-popular WSB stock next to GameStop, came perilously close to filing for bankruptcy earlier this year. All that saved AMC was the issuance of nearly 165 million shares of AMC stock and more than $400 million in debt capital.</p><p>But even with this capital,it's not certain that AMC will be around in a few years. Coronavirus variants threaten to upend a return to societal norms, and select streaming services are encroaching on theaters' once-sacred space.<b>AT&amp;T</b>&nbsp;subsidiary WarnerMedia is releasing all of its movies on HBO Max this year the same day they'll hit theaters. With movie exclusivity now being called into question, AMC's best days look to be long gone.</p><p><b>7. Margin use is a concern</b></p><p>A seventh and final reason to avoid the Reddit stocks like the plague is thehigh amount of leverage being used by retail investors.</p><p>According to a Harris Poll of retail investors conducted back in September 2020, 23% had purchased options, 10% were using margin to buy equities, and another 10% were both buying equities on margin and purchasing options. In other words, 43% of all retail investors were speculating with market timing and/or using leverage in an attempt to pump up their gains.</p><p>The problem is that market timing doesn't work with any degree of accuracy over the long run, and stock prices can (and do) move in both directions. If equities get moving in the wrong direction with retail investors highly levered, it's possible we could see a number of Reddit stocks get absolutely throttled due to margin calls.</p><p>There's simply no reason for fundamentally focused, long-term investors to chase any of the Reddit stocks.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>7 Reasons to Avoid the Reddit Stocks Like the Plague</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\">\n7 Reasons to Avoid the Reddit Stocks Like the Plague\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-18 20:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/03/18/7-reasons-to-avoid-reddit-stocks-like-the-plague/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>GameStop, AMC, Sundial, and many more Reddit stocks are bad news for investors.No matter how long you've been investing, there's always something new to see. Last year, investors witnessed the fastest...</p>\n\n<a href=\"https://www.fool.com/investing/2021/03/18/7-reasons-to-avoid-reddit-stocks-like-the-plague/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.fool.com/investing/2021/03/18/7-reasons-to-avoid-reddit-stocks-like-the-plague/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126528554","content_text":"GameStop, AMC, Sundial, and many more Reddit stocks are bad news for investors.No matter how long you've been investing, there's always something new to see. Last year, investors witnessed the fastest bear market decline of at least 30% in theS&P 500's history, as well as West Texas Intermediate crude oil futures plunging deeply (but briefly) into negative territory. This year, it's beenall about the Reddit frenzy.Without getting too far into the weeds, retail investors -- many of whom are young or novice investors -- on Reddit's WallStreetBets (WSB) community chatroom have effectively banded together to purchase shares and out-of-the-money call options on stocks with high levels of short interest. The goal of these WSB traders is to effect a short squeeze, which only fuels the upside in a momentum stock. Since most big short-sellers are institutional investors or hedge funds, the Reddit frenzy is being viewed as a battle between retail investors and the \"big money.\"While a number of Reddit stocks have skyrocketed, the vast majority are extremely dangerous investments. Here are seven sound reasons to avoid the Reddit stocks like the plague.1. They've detached from their underlying fundamentalsArguably the biggest problem with the Reddit-stock rally is that there's no way to justify the underlying fundamentals for these companies.Take video game and accessories retailerGameStop(NYSE:GME)as the perfect example. Though its e-commerce sales during the 2020 holiday season catapulted 309%,total sales still declined by 3%as a result of the company shuttering 11% of its stores. After waiting far too long to focus on digital gaming, GameStop's game plan is pretty much to close physical locations in an effort to cut costs and backpedal its way into profitability.Then there's headphone, headset, and Bluetooth speaker-manufacturerKoss(NASDAQ:KOSS). After consistently trading at 0.5 to 1.1 times sales over the last decade, Koss is now valued at an estimated 11 to 12 times sales. Mind you, this is a company operating in a highly commoditized and generally low-margin industry that's lost money in three of the past four years. There'sno way to justify its valuation.2. They're often serial dilutersWhen questionable stocks take off, you can usually count on the management teams behind these companies to use this gift as an opportunity to raise capital. In layman's terms, this means shareholders are forced to deal with dilution.Canadianmarijuana stockSundial Growers(NASDAQ:SNDL)has raised more than $600 million in cash in a very short time frame. However, the numerous registered direct offerings, at-the-market offerings, and debt-to-equity swaps it undertookincreased its outstanding share countby approximately 1.15 billion shares in five months. Sundial's board also recently OK'd another mixed-shelf offering that would allow it to sell up to $1 billion in securities over time.Even if Sundial were to somehow become profitable and effectively put its cash to work, it'll be almost impossible for the company to generate a meaningful per-share profit with 1.66 billion shares outstanding. Without a reverse split, Sundial could regularly flirt with delisting.3. They usually lose moneyA common theme among the Reddit stocks is that most aren't anywhere close to profitability. For instance, intimate apparel and swimwear retailerNaked Brand Group(NASDAQ:NAKD)has been popular both for its high level of short interest and its penny stock share price.However, one thing you're not going to find with this company is profits.Sales have been on the decline since 2018, and the company hasn't produced a full-year profit in at least a half-decade. While it's possible Naked Brands' shift to an e-commerce-focused model could help lower its overhead enough to make it profitable, it's far from a guarantee. The retail space is highly competitive, and even successful retailers sport only modest operating margins, at best.It's worth pointing out that GameStop and Sundial are losing quite a bit of money, too -- as are most of the other Reddit stocks I'll be mentioning below.4. Some lack innovationAnother issue with some of the Reddit stocks is that they lack true innovation. This can be seen in cryptocurrency minersRiot Blockchain(NASDAQ:RIOT)andMarathon Digital Holdings(NASDAQ:MARA), which have both been popular stocks within the WSB community.Thesecryptocurrency miningcompanies use high-powered computers to solve complex mathematical equations to validate groups of transactions (known as a block) onBitcoin's(CRYPTO:BTC)network. For doing so, they're given a block reward of 6.25 Bitcoin. That's worth close to $350,000. As the price of Bitcoin has risen, so have the share prices of Riot and Marathon Digital.The problem with these stocks is they're completely tethered to the performance of Bitcoin. Over the last decade, the world's largest digital token plunged by 80% on three separate occasions. If that were to happen again, it's not even clear if the crypto mining operating model would survive.Devoid of innovation, Riot and Marathon are essentially crossing their proverbial fingers and hoping Bitcoin goes up.5. Quite a few are penny stocksRetail investors in the WSB community have also been piling intopenny stocks, some of which are heavily sold short. Though penny stocks aren't inherently bad news, the vast majority of companies with share prices below $5 are \"cheap\" for a good reason.Veterinary healthcare companyZomedica(NYSEMKT:ZOM)has been an especially popular penny stock with the Reddit crowd. Zomedica first received a boost in January afterTiger Kingstar Carole Baskin mentioned the stock -- a mention Baskin was compensated for -- in a video posted to YouTube. Zomedica's shares gained further traction after the company announced plans to launch its Truforma point-of-care diagnostics system at the end of March.But up to this point, Zomedica has been a developmental-stage company with no revenue. Even after Truforma officially hits the market, Wall Street is only counting on a little north of $20 million in sales by 2023. That'speanuts compared to Zomedica's $2.4 billion valuation.6. Some may not surviveThere's also the very real possibility that some of the Reddit stocks being pumped by retail investors may not even survive.Movie-theater chainAMC Entertainment(NYSE:AMC), arguably the most-popular WSB stock next to GameStop, came perilously close to filing for bankruptcy earlier this year. All that saved AMC was the issuance of nearly 165 million shares of AMC stock and more than $400 million in debt capital.But even with this capital,it's not certain that AMC will be around in a few years. Coronavirus variants threaten to upend a return to societal norms, and select streaming services are encroaching on theaters' once-sacred space.AT&T subsidiary WarnerMedia is releasing all of its movies on HBO Max this year the same day they'll hit theaters. With movie exclusivity now being called into question, AMC's best days look to be long gone.7. Margin use is a concernA seventh and final reason to avoid the Reddit stocks like the plague is thehigh amount of leverage being used by retail investors.According to a Harris Poll of retail investors conducted back in September 2020, 23% had purchased options, 10% were using margin to buy equities, and another 10% were both buying equities on margin and purchasing options. In other words, 43% of all retail investors were speculating with market timing and/or using leverage in an attempt to pump up their gains.The problem is that market timing doesn't work with any degree of accuracy over the long run, and stock prices can (and do) move in both directions. If equities get moving in the wrong direction with retail investors highly levered, it's possible we could see a number of Reddit stocks get absolutely throttled due to margin calls.There's simply no reason for fundamentally focused, long-term investors to chase any of the Reddit stocks.","news_type":1},"isVote":1,"tweetType":1,"viewCount":377,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":324371379,"gmtCreate":1615969741291,"gmtModify":1703495666565,"author":{"id":"3569894447597850","authorId":"3569894447597850","name":"BOTAKYAP","avatar":"https://static.tigerbbs.com/335356fded8c7d08f8ee1bbe18b6f105","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Good opportunity&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","listText":"Good opportunity&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","text":"Good opportunity [财迷] [财迷] [财迷] [财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/324371379","repostId":"1112885657","repostType":4,"repost":{"id":"1112885657","pubTimestamp":1615965844,"share":"https://www.laohu8.com/m/news/1112885657?lang=&edition=full","pubTime":"2021-03-17 15:24","market":"us","language":"en","title":"Dropbox: Last Call For Cheap Cloud Storage Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=1112885657","media":"seekingalpha","summary":"Summary\n\nDropbox is not a fast-growing cloud storage play. But what it lacks in growth, it makes up ","content":"<p><b>Summary</b></p>\n<ul>\n <li>Dropbox is not a fast-growing cloud storage play. But what it lacks in growth, it makes up with its cheap valuation.</li>\n <li>Claiming that this stock trades at less than 6x forward sales doesn't do justice to this investment.</li>\n <li>Drobox is highly free cash flow generative.</li>\n</ul>\n<p><b>Investment Thesis</b></p>\n<p>Dropbox (DBX) is out of favor with the investment community. This has been the underlying thesis for so long that many investors are now losing patience.</p>\n<p>While the rest of tech goes from expensive to super expensive, Dropbox is one of the few tech stocks out there still valued at less than 6x forward sales.</p>\n<p>Moreover, it remains highly free cash flow generative. There's a lot more than meets the eye here. Read on to see why this stock makes a lot of sense to me.</p>\n<p><b>Revenue Growth Rates and Market Discussion</b></p>\n<p>Dropbox is still so absurdly cheap, it's practically a steal. This is a free cash flow machine that the market will recognize.</p>\n<p>Obviously, needless to say, that being too early is the same as being wrong. You need to be rewarded at<i>some</i>point to be justified for having invested here in the first place. And the path so far has been anything but rewarding. But I believe ''this time it's different.'. Allow me to add a little context.</p>\n<p>In 2020, practically any company I know in tech went vertically up. If we are to be slightly more selective and discuss cloud-facing tech companies, well then, you probably know how it went over the last twelve months. Even Box (BOX), a company that I've been bearish for a while, is up 100%.</p>\n<p>But then, we come back to Dropbox. A stock that is up a feeble ~55% over the past twelve months.</p>\n<p>Having said that, I know this really gets us&nbsp;<i>deep into the state of affairs</i>- just how much the market is soaring&nbsp;that being up 55%&nbsp;is something to sneer at? This is totally absurd.</p>\n<p>But I'm not judging, I'm simply reporting the facts for you to make up your own mind as to the sustainability of all these SaaS, IoT-facing, CDNs, cybersecurity, productivity platforms, and whatever else you wish to bundle in here.</p>\n<p>Yet, facts are facts: compared with a myriad of other<i>techstocks</i>, Dropbox has been an underperformer. And that's why I'm so bullish on its prospects (again).</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2d7587b499f21e3ab8a953cccf197af4\" tg-width=\"640\" tg-height=\"298\"><span>Source: author's calculations; company guidance</span></p>\n<p>Just to repeat, we are not talking about some high growth content storage solution. We are talking about a company that's growing at somewhere around very low-single digits (in the best case).</p>\n<p>Why the Market is Misunderstanding Dropbox</p>\n<p>Dropbox is not a dead technology. It's a content storage solution aimed at small and medium businesses as well as private users. For example, through Work Spaces, users can bring projects and teams together in a single workspace. All the tools that users need from team collaboration, content management, and eSignatures - everything within one interface.</p>\n<p>The key opportunity for Dropbox is to benefit from remote collaboration. But again, please note, you are not being asked to pay a large multiple for a \"story\" stock - let's stick to the facts.</p>\n<p><b>Comments on Dropbox's Heavy Stock-Based Comp</b></p>\n<p>Countless times investors declare that Dropbox has a heavy stock-based comp and that its free cash flow should subtract its stock-based comp.</p>\n<p>Now, please keep in mind that this is an industry-wide practice amongst tech companies to have a lavish stock-based comp for executives. It does not pertain simply to Dropbox.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bd55554e2f76c65b15df5e750bbc46c1\" tg-width=\"640\" tg-height=\"206\"><span>Source: Q4 2020 Press Statement</span></p>\n<p>Nevertheless, on that account, allow me to retort that Dropbox's founder and CEO Andrew (\"Drew\") Houston has more skin in the game than any other shareholder.</p>\n<p><img src=\"https://static.tigerbbs.com/48e6b2c6b36d26a77481e5a629a1871b\" tg-width=\"640\" tg-height=\"149\"></p>\n<p>Accordingly, his interests are very much aligned with the common shareholder. In fact, I fully suspect this owner-operated business commands such high free cash flow margins precisely because the CEO is highly incentivized to drive forward intrinsic value.</p>\n<p>What's more, I ask the reader, aside from Adobe (ADBE), what other tech stocks are out there right now repurchasing their own stock? Not only has Dropbox deployed more than 80% of its free cash flow as share repurchases, but it then goes on to announce a new $1 billion share repurchase program (open ended), amounting to 10% of its market cap. If this doesn't show the right alignment, purchasing back your stock when it's undervalued, I don't know what does.</p>\n<p>Valuation - Why this Still Makes Sense to Me</p>\n<p>The stock trades at less than 6x forward sales. This is not a deep value stock. I know that. But it's also not very expensive either. Again, the appeal here of this investment is a case that<i>no news is good news</i>. You don't need any positive surprises, just for Dropbox to continue ticking along over time.</p>\n<p>You are being offered a chance to deploy your capital alongside management, which has a lot of skin in the game and has demonstrated that its business is highly recurring with a significant amount of visibility in 2021.</p>\n<p>Simply said, you are getting a business that steadily ticks away on the top line, with minimal surprises, and you are not being asked to pay a large premium for participation.</p>\n<p>Compared with many other SaaS stocks, this company is very cheaply valued. But more importantly, unlike other SaaS stocks that are consistently declaring that they are<i>investing for growth</i>, in the case of Dropbox, it is steadily growing, albeit slightly slower, but it's a business that generates solid free cash flow, too.</p>\n<p>Consider this, over Dropbox's trailing twelve months, the business generated approximately $490 million of free cash flow. Now, let's compare this free cash flow figure, with that of Box's.</p>\n<p>Box's free cash flow over its trailing twelve months dramatically improved from the previous year and it's now reached&nbsp;$120 million- approximately a quarter of the free cash flow generation of Dropbox. Meanwhile, Dropbox trades for approximately $11 billion, while Box trades for about $3.7 billion (a third of the valuation).</p>\n<p><b>The Bottom Line</b></p>\n<p>Dropbox \"feels\" like a coiled spring. Indeed, when the rest of tech dramatically sold-off the past few weeks, Dropbox held its ground - again reinforcing that this is most likely as cheap as it's going to get and that investors are not being asked to pay for a story stock.</p>\n<p>At just 6x forward sales, together with strong free cash flow, and a large share repurchase plan, a lot more can go right than wrong here.</p>\n<p>Allow me to preempt your question: if this is such a bargain, why is the author not invested here? And that's a fair question. When you have a highly concentrated portfolio, not everything makes the cut.</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>Dropbox: Last Call For Cheap Cloud Storage Stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDropbox: Last Call For Cheap Cloud Storage Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-17 15:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4414312-dropbox-last-call-for-cheap-cloud-storage-stocks><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nDropbox is not a fast-growing cloud storage play. But what it lacks in growth, it makes up with its cheap valuation.\nClaiming that this stock trades at less than 6x forward sales doesn't do ...</p>\n\n<a href=\"https://seekingalpha.com/article/4414312-dropbox-last-call-for-cheap-cloud-storage-stocks\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DBX":"Dropbox Inc."},"source_url":"https://seekingalpha.com/article/4414312-dropbox-last-call-for-cheap-cloud-storage-stocks","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1112885657","content_text":"Summary\n\nDropbox is not a fast-growing cloud storage play. But what it lacks in growth, it makes up with its cheap valuation.\nClaiming that this stock trades at less than 6x forward sales doesn't do justice to this investment.\nDrobox is highly free cash flow generative.\n\nInvestment Thesis\nDropbox (DBX) is out of favor with the investment community. This has been the underlying thesis for so long that many investors are now losing patience.\nWhile the rest of tech goes from expensive to super expensive, Dropbox is one of the few tech stocks out there still valued at less than 6x forward sales.\nMoreover, it remains highly free cash flow generative. There's a lot more than meets the eye here. Read on to see why this stock makes a lot of sense to me.\nRevenue Growth Rates and Market Discussion\nDropbox is still so absurdly cheap, it's practically a steal. This is a free cash flow machine that the market will recognize.\nObviously, needless to say, that being too early is the same as being wrong. You need to be rewarded atsomepoint to be justified for having invested here in the first place. And the path so far has been anything but rewarding. But I believe ''this time it's different.'. Allow me to add a little context.\nIn 2020, practically any company I know in tech went vertically up. If we are to be slightly more selective and discuss cloud-facing tech companies, well then, you probably know how it went over the last twelve months. Even Box (BOX), a company that I've been bearish for a while, is up 100%.\nBut then, we come back to Dropbox. A stock that is up a feeble ~55% over the past twelve months.\nHaving said that, I know this really gets us deep into the state of affairs- just how much the market is soaring that being up 55% is something to sneer at? This is totally absurd.\nBut I'm not judging, I'm simply reporting the facts for you to make up your own mind as to the sustainability of all these SaaS, IoT-facing, CDNs, cybersecurity, productivity platforms, and whatever else you wish to bundle in here.\nYet, facts are facts: compared with a myriad of othertechstocks, Dropbox has been an underperformer. And that's why I'm so bullish on its prospects (again).\nSource: author's calculations; company guidance\nJust to repeat, we are not talking about some high growth content storage solution. We are talking about a company that's growing at somewhere around very low-single digits (in the best case).\nWhy the Market is Misunderstanding Dropbox\nDropbox is not a dead technology. It's a content storage solution aimed at small and medium businesses as well as private users. For example, through Work Spaces, users can bring projects and teams together in a single workspace. All the tools that users need from team collaboration, content management, and eSignatures - everything within one interface.\nThe key opportunity for Dropbox is to benefit from remote collaboration. But again, please note, you are not being asked to pay a large multiple for a \"story\" stock - let's stick to the facts.\nComments on Dropbox's Heavy Stock-Based Comp\nCountless times investors declare that Dropbox has a heavy stock-based comp and that its free cash flow should subtract its stock-based comp.\nNow, please keep in mind that this is an industry-wide practice amongst tech companies to have a lavish stock-based comp for executives. It does not pertain simply to Dropbox.\nSource: Q4 2020 Press Statement\nNevertheless, on that account, allow me to retort that Dropbox's founder and CEO Andrew (\"Drew\") Houston has more skin in the game than any other shareholder.\n\nAccordingly, his interests are very much aligned with the common shareholder. In fact, I fully suspect this owner-operated business commands such high free cash flow margins precisely because the CEO is highly incentivized to drive forward intrinsic value.\nWhat's more, I ask the reader, aside from Adobe (ADBE), what other tech stocks are out there right now repurchasing their own stock? Not only has Dropbox deployed more than 80% of its free cash flow as share repurchases, but it then goes on to announce a new $1 billion share repurchase program (open ended), amounting to 10% of its market cap. If this doesn't show the right alignment, purchasing back your stock when it's undervalued, I don't know what does.\nValuation - Why this Still Makes Sense to Me\nThe stock trades at less than 6x forward sales. This is not a deep value stock. I know that. But it's also not very expensive either. Again, the appeal here of this investment is a case thatno news is good news. You don't need any positive surprises, just for Dropbox to continue ticking along over time.\nYou are being offered a chance to deploy your capital alongside management, which has a lot of skin in the game and has demonstrated that its business is highly recurring with a significant amount of visibility in 2021.\nSimply said, you are getting a business that steadily ticks away on the top line, with minimal surprises, and you are not being asked to pay a large premium for participation.\nCompared with many other SaaS stocks, this company is very cheaply valued. But more importantly, unlike other SaaS stocks that are consistently declaring that they areinvesting for growth, in the case of Dropbox, it is steadily growing, albeit slightly slower, but it's a business that generates solid free cash flow, too.\nConsider this, over Dropbox's trailing twelve months, the business generated approximately $490 million of free cash flow. Now, let's compare this free cash flow figure, with that of Box's.\nBox's free cash flow over its trailing twelve months dramatically improved from the previous year and it's now reached $120 million- approximately a quarter of the free cash flow generation of Dropbox. Meanwhile, Dropbox trades for approximately $11 billion, while Box trades for about $3.7 billion (a third of the valuation).\nThe Bottom Line\nDropbox \"feels\" like a coiled spring. Indeed, when the rest of tech dramatically sold-off the past few weeks, Dropbox held its ground - again reinforcing that this is most likely as cheap as it's going to get and that investors are not being asked to pay for a story stock.\nAt just 6x forward sales, together with strong free cash flow, and a large share repurchase plan, a lot more can go right than wrong here.\nAllow me to preempt your question: if this is such a bargain, why is the author not invested here? And that's a fair question. When you have a highly concentrated portfolio, not everything makes the cut.","news_type":1},"isVote":1,"tweetType":1,"viewCount":833,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":324373190,"gmtCreate":1615969663710,"gmtModify":1703495665532,"author":{"id":"3569894447597850","authorId":"3569894447597850","name":"BOTAKYAP","avatar":"https://static.tigerbbs.com/335356fded8c7d08f8ee1bbe18b6f105","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SQQQ\">$ProShares UltraPro Short QQQ(SQQQ)$</a>[无语]&nbsp;[无语]&nbsp;[无语]&nbsp;[无语]&nbsp;[无语]&nbsp;[无语]&nbsp;","listText":"<a href=\"https://laohu8.com/S/SQQQ\">$ProShares UltraPro Short QQQ(SQQQ)$</a>[无语]&nbsp;[无语]&nbsp;[无语]&nbsp;[无语]&nbsp;[无语]&nbsp;[无语]&nbsp;","text":"$ProShares UltraPro Short QQQ(SQQQ)$[无语] [无语] [无语] [无语] [无语] [无语]","images":[{"img":"https://static.tigerbbs.com/f6aaa653d8a47f4b636ff5d94f9bcc78","width":"1440","height":"2560"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/324373190","isVote":1,"tweetType":1,"viewCount":372,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":325631405,"gmtCreate":1615892662607,"gmtModify":1703494573479,"author":{"id":"3569894447597850","authorId":"3569894447597850","name":"BOTAKYAP","avatar":"https://static.tigerbbs.com/335356fded8c7d08f8ee1bbe18b6f105","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Good opportunity&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","listText":"Good opportunity&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","text":"Good opportunity [财迷] [财迷] [财迷] [财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/325631405","repostId":"1117282524","repostType":4,"repost":{"id":"1117282524","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1615891436,"share":"https://www.laohu8.com/m/news/1117282524?lang=&edition=full","pubTime":"2021-03-16 18:43","market":"us","language":"en","title":"Xunlei Q4 GAAP EPS of $0.07,Revenue of $50.3M (+4.1% Y/Y)","url":"https://stock-news.laohu8.com/highlight/detail?id=1117282524","media":"Tiger Newspress","summary":"(March 16)Xunlei reports Q4 results.\nXunlei Q4 GAAP EPS of $0.07.\nRevenue of $50.3M (+4.1% Y/Y)\n\nFou","content":"<p>(March 16)Xunlei reports Q4 results.</p>\n<p>Xunlei Q4 GAAP EPS of $0.07.</p>\n<p>Revenue of $50.3M (+4.1% Y/Y)</p>\n<p><img src=\"https://static.tigerbbs.com/382989b85c48923f54372ca4e0f548b2\" tg-width=\"1084\" tg-height=\"516\"></p>\n<p><b>Fourth Quarter 2020 Financial Highlights:</b></p>\n<ul>\n <li>Total revenues were US$50.3 million, representing an increase of 15.0% from the previous quarter.</li>\n</ul>\n<ul>\n <li>Cloud computing and other internet value-added services (“Cloud computing and other IVAS”) revenues were US$25.9 million, representing an increase of 22.0% from the previous quarter.</li>\n</ul>\n<ul>\n <li>Subscription revenues were US$20.7 million, representing an increase of 5.5% from the previous quarter.</li>\n</ul>\n<ul>\n <li>Online advertising revenues consisting primarily of revenues from mobile advertising were US$3.8 million, representing an increase of 27.6% from the previous quarter.</li>\n</ul>\n<ul>\n <li>Gross profit was US$26.8 million, representing an increase of 18.3% from the previous quarter, and gross margin was 53.3% in the fourth quarter, compared with 51.9% in the previous quarter.</li>\n</ul>\n<ul>\n <li>Net income was US$4.6 million in the fourth quarter, compared with a net loss of US$1.5 million in the previous quarter.</li>\n</ul>\n<ul>\n <li>Diluted earnings per ADS was approximately US$0.07 as compared with a loss of US$0.02 in the previous quarter.</li>\n</ul>\n<p><b>Fiscal Year Ended December 31, 2020 Financial Highlights:</b></p>\n<ul>\n <li>Total revenues were US$186.7 million, representing an increase of 3.0% from 2019.</li>\n <li>Cloud computing and other IVAS revenues were US$89.2 million, representing an increase of 6.0% from 2019.</li>\n</ul>\n<ul>\n <li>Subscription revenues were US$84.3 million, representing an increase of 3.4% from 2019.</li>\n</ul>\n<ul>\n <li>Online advertising revenues were US$13.2 million, representing a decrease of 15.6% from 2019.</li>\n</ul>\n<ul>\n <li>Gross profit was US$93.7 million, representing an increase of 16.1% from 2019, and gross margin was 50.2%, compared with 44.5% in the previous year.</li>\n</ul>\n<ul>\n <li>Net loss was US$14.1 million for fiscal year 2020, compared with a net loss of US$53.4 million for 2019.</li>\n</ul>\n<ul>\n <li>Diluted loss per ADS in 2020 was US$0.21, compared with a loss of US$0.79 in the previous year.</li>\n</ul>\n<p>Mr.Jinbo Li, Chairman and Chief Executive Officer of Xunlei, stated that, “We closed 2020 with a strong fourth quarter, completing a year of transition and progresses by outperforming our revenue guidance and achieving profitability in the quarter. The successful execution of our strategic focus on our core competitiveness and operational optimization is paying off with excellent results in all key operating and financial metrics. We are pleased to report a 15.0% quarter-over-quarter growth in our total revenues and a net income of $4.6 million in the fourth quarter.”</p>\n<p>“In 2020, we focused on optimizing our product features to improve user experiences and enhance our long-term competitiveness. Especially, we continued expansion of our cloud computing service capabilities with a growing and diversified enterprise client base. We also furthered our endeavor to improve blockchain technology and explored its applications by cooperating with higher learning institutions and other entities.”</p>\n<p>“Looking forward, we have high expectations for 2021 and anticipate it will be a year of continued progresses and accomplishments. We are thrilled that the construction of our long-waited Xunlei headquarters building will soon be completed and we’ll immediately start to prepare for operations. The completion of Xunlei building will release us from a significant capital commitment and allow us to allocate additional resources for business development. Our goal is to continue product innovation and seek breakthroughs in our business development. In particular, we will continue to develop our decentralized digital database technology and computing paradigm and explore game-changing applications. We will also develop differentiated short-video products and set sights on selected international markets. With approximately $255.1 million cash, cash equivalents and short-term investments on hand, we believe our solid balance sheet will put us in a strong position to finance growth and capture new opportunities,” concluded Mr.Jinbo Li.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Xunlei Q4 GAAP EPS of $0.07,Revenue of $50.3M (+4.1% Y/Y)</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\">\nXunlei Q4 GAAP EPS of $0.07,Revenue of $50.3M (+4.1% Y/Y)\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-03-16 18:43</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(March 16)Xunlei reports Q4 results.</p>\n<p>Xunlei Q4 GAAP EPS of $0.07.</p>\n<p>Revenue of $50.3M (+4.1% Y/Y)</p>\n<p><img src=\"https://static.tigerbbs.com/382989b85c48923f54372ca4e0f548b2\" tg-width=\"1084\" tg-height=\"516\"></p>\n<p><b>Fourth Quarter 2020 Financial Highlights:</b></p>\n<ul>\n <li>Total revenues were US$50.3 million, representing an increase of 15.0% from the previous quarter.</li>\n</ul>\n<ul>\n <li>Cloud computing and other internet value-added services (“Cloud computing and other IVAS”) revenues were US$25.9 million, representing an increase of 22.0% from the previous quarter.</li>\n</ul>\n<ul>\n <li>Subscription revenues were US$20.7 million, representing an increase of 5.5% from the previous quarter.</li>\n</ul>\n<ul>\n <li>Online advertising revenues consisting primarily of revenues from mobile advertising were US$3.8 million, representing an increase of 27.6% from the previous quarter.</li>\n</ul>\n<ul>\n <li>Gross profit was US$26.8 million, representing an increase of 18.3% from the previous quarter, and gross margin was 53.3% in the fourth quarter, compared with 51.9% in the previous quarter.</li>\n</ul>\n<ul>\n <li>Net income was US$4.6 million in the fourth quarter, compared with a net loss of US$1.5 million in the previous quarter.</li>\n</ul>\n<ul>\n <li>Diluted earnings per ADS was approximately US$0.07 as compared with a loss of US$0.02 in the previous quarter.</li>\n</ul>\n<p><b>Fiscal Year Ended December 31, 2020 Financial Highlights:</b></p>\n<ul>\n <li>Total revenues were US$186.7 million, representing an increase of 3.0% from 2019.</li>\n <li>Cloud computing and other IVAS revenues were US$89.2 million, representing an increase of 6.0% from 2019.</li>\n</ul>\n<ul>\n <li>Subscription revenues were US$84.3 million, representing an increase of 3.4% from 2019.</li>\n</ul>\n<ul>\n <li>Online advertising revenues were US$13.2 million, representing a decrease of 15.6% from 2019.</li>\n</ul>\n<ul>\n <li>Gross profit was US$93.7 million, representing an increase of 16.1% from 2019, and gross margin was 50.2%, compared with 44.5% in the previous year.</li>\n</ul>\n<ul>\n <li>Net loss was US$14.1 million for fiscal year 2020, compared with a net loss of US$53.4 million for 2019.</li>\n</ul>\n<ul>\n <li>Diluted loss per ADS in 2020 was US$0.21, compared with a loss of US$0.79 in the previous year.</li>\n</ul>\n<p>Mr.Jinbo Li, Chairman and Chief Executive Officer of Xunlei, stated that, “We closed 2020 with a strong fourth quarter, completing a year of transition and progresses by outperforming our revenue guidance and achieving profitability in the quarter. The successful execution of our strategic focus on our core competitiveness and operational optimization is paying off with excellent results in all key operating and financial metrics. We are pleased to report a 15.0% quarter-over-quarter growth in our total revenues and a net income of $4.6 million in the fourth quarter.”</p>\n<p>“In 2020, we focused on optimizing our product features to improve user experiences and enhance our long-term competitiveness. Especially, we continued expansion of our cloud computing service capabilities with a growing and diversified enterprise client base. We also furthered our endeavor to improve blockchain technology and explored its applications by cooperating with higher learning institutions and other entities.”</p>\n<p>“Looking forward, we have high expectations for 2021 and anticipate it will be a year of continued progresses and accomplishments. We are thrilled that the construction of our long-waited Xunlei headquarters building will soon be completed and we’ll immediately start to prepare for operations. The completion of Xunlei building will release us from a significant capital commitment and allow us to allocate additional resources for business development. Our goal is to continue product innovation and seek breakthroughs in our business development. In particular, we will continue to develop our decentralized digital database technology and computing paradigm and explore game-changing applications. We will also develop differentiated short-video products and set sights on selected international markets. With approximately $255.1 million cash, cash equivalents and short-term investments on hand, we believe our solid balance sheet will put us in a strong position to finance growth and capture new opportunities,” concluded Mr.Jinbo Li.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"XNET":"迅雷"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1117282524","content_text":"(March 16)Xunlei reports Q4 results.\nXunlei Q4 GAAP EPS of $0.07.\nRevenue of $50.3M (+4.1% Y/Y)\n\nFourth Quarter 2020 Financial Highlights:\n\nTotal revenues were US$50.3 million, representing an increase of 15.0% from the previous quarter.\n\n\nCloud computing and other internet value-added services (“Cloud computing and other IVAS”) revenues were US$25.9 million, representing an increase of 22.0% from the previous quarter.\n\n\nSubscription revenues were US$20.7 million, representing an increase of 5.5% from the previous quarter.\n\n\nOnline advertising revenues consisting primarily of revenues from mobile advertising were US$3.8 million, representing an increase of 27.6% from the previous quarter.\n\n\nGross profit was US$26.8 million, representing an increase of 18.3% from the previous quarter, and gross margin was 53.3% in the fourth quarter, compared with 51.9% in the previous quarter.\n\n\nNet income was US$4.6 million in the fourth quarter, compared with a net loss of US$1.5 million in the previous quarter.\n\n\nDiluted earnings per ADS was approximately US$0.07 as compared with a loss of US$0.02 in the previous quarter.\n\nFiscal Year Ended December 31, 2020 Financial Highlights:\n\nTotal revenues were US$186.7 million, representing an increase of 3.0% from 2019.\nCloud computing and other IVAS revenues were US$89.2 million, representing an increase of 6.0% from 2019.\n\n\nSubscription revenues were US$84.3 million, representing an increase of 3.4% from 2019.\n\n\nOnline advertising revenues were US$13.2 million, representing a decrease of 15.6% from 2019.\n\n\nGross profit was US$93.7 million, representing an increase of 16.1% from 2019, and gross margin was 50.2%, compared with 44.5% in the previous year.\n\n\nNet loss was US$14.1 million for fiscal year 2020, compared with a net loss of US$53.4 million for 2019.\n\n\nDiluted loss per ADS in 2020 was US$0.21, compared with a loss of US$0.79 in the previous year.\n\nMr.Jinbo Li, Chairman and Chief Executive Officer of Xunlei, stated that, “We closed 2020 with a strong fourth quarter, completing a year of transition and progresses by outperforming our revenue guidance and achieving profitability in the quarter. The successful execution of our strategic focus on our core competitiveness and operational optimization is paying off with excellent results in all key operating and financial metrics. We are pleased to report a 15.0% quarter-over-quarter growth in our total revenues and a net income of $4.6 million in the fourth quarter.”\n“In 2020, we focused on optimizing our product features to improve user experiences and enhance our long-term competitiveness. Especially, we continued expansion of our cloud computing service capabilities with a growing and diversified enterprise client base. We also furthered our endeavor to improve blockchain technology and explored its applications by cooperating with higher learning institutions and other entities.”\n“Looking forward, we have high expectations for 2021 and anticipate it will be a year of continued progresses and accomplishments. We are thrilled that the construction of our long-waited Xunlei headquarters building will soon be completed and we’ll immediately start to prepare for operations. The completion of Xunlei building will release us from a significant capital commitment and allow us to allocate additional resources for business development. Our goal is to continue product innovation and seek breakthroughs in our business development. In particular, we will continue to develop our decentralized digital database technology and computing paradigm and explore game-changing applications. We will also develop differentiated short-video products and set sights on selected international markets. With approximately $255.1 million cash, cash equivalents and short-term investments on hand, we believe our solid balance sheet will put us in a strong position to finance growth and capture new opportunities,” concluded Mr.Jinbo Li.","news_type":1},"isVote":1,"tweetType":1,"viewCount":343,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":328167389,"gmtCreate":1615507613141,"gmtModify":1703490093565,"author":{"id":"3569894447597850","authorId":"3569894447597850","name":"BOTAKYAP","avatar":"https://static.tigerbbs.com/335356fded8c7d08f8ee1bbe18b6f105","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Good opportunity&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","listText":"Good opportunity&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","text":"Good opportunity [财迷] [财迷] [财迷] [财迷] [财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/328167389","repostId":"1117588517","repostType":4,"repost":{"id":"1117588517","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1615483663,"share":"https://www.laohu8.com/m/news/1117588517?lang=&edition=full","pubTime":"2021-03-12 01:27","market":"us","language":"en","title":"Coupang spikes 85% on its first day of trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1117588517","media":"Tiger Newspress","summary":"Coupang shares opened at $64.8 each on Thursday, about 85% higher than the company’s IPO price.Inves","content":"<p>Coupang shares opened at $64.8&nbsp;each on Thursday, about 85% higher than the company’s IPO price.</p><p><img src=\"https://static.tigerbbs.com/6d8a7bec648b4a2f82e6b4923e6d594e\" tg-width=\"1843\" tg-height=\"913\" referrerpolicy=\"no-referrer\"></p><p>Investors looking to buy shares of South Korean e-commerce firm&nbsp;Coupang&nbsp;when it goes public in New York should consider if the company has what it takes to be profitable in the future.</p><p>That’s the advice Daniel Yoo, head of global asset allocation at Yuanta Securities, Korea, has for clients.</p><p>“What you really need to know is whether or not, in the business environment of Korea and e-commerce, can they be able to generate a huge, profitable return on capital,” Yoo said Thursday on CNBC’s “Street Signs Asia.”</p><p>Coupang is set to debut on the New York Stock Exchange under the ticker “CPNG” later in the day when U.S. markets open.</p><p>The company said it had&nbsp;priced 130 million shares at $35 apiece, raising $4.55 billion and valuing the company around $60 billion. That makes Coupang the largest IPO in the U.S. this year and one of the&nbsp;top 25 biggest listings of all time stateside, by deal size.</p><p>The price is also above the company’s most recent&nbsp;expected range&nbsp;of between $32 and $34 a share.</p><p><b>Market leader</b></p><p>Yoo explained that the valuation and IPO price likely rose because Coupang is the only e-commerce company in South Korea that showed a sizeable gain in market share last year. He said its market size rose from 18.1% in 2019 to about 24.6% last year due to the coronavirus pandemic.</p><p>“Most of the other competitors really did not show any type of changes in terms of market share,” he said. Coupang’s rivals include eBay-owned Gmarket, WeMakePrice, Naver Shopping among others.</p><p>“The fact is that (Coupang is) becoming the biggest e-commerce business within Korea and 24% market share, I think, it might actually even rise further,” Yoo said. “It is possible that they can actually gain as much as 30%+ over the next few years.” That, he explained, would justify why the company’s IPO price has increased.</p><p>Coupang’s regulatory filing showed the company sustained losses over eight quarters through Dec. 31. But a sharp jump in sales last year helped narrow net losses from $770.2 million in 2019 to $567.6 million in 2020</p><p><b>Comparisons with Alibaba, Amazon</b></p><p>The company, whose prominent backers include SoftBank’s Vision Fund and Sequoia Capital, has drawn comparisons with&nbsp;Amazon&nbsp;and&nbsp;Alibaba. Those firms have become tech behemoths after making their public debuts.</p><p>But Yoo said that the consumer markets in the U.S. and China are significantly larger than South Korea. So, even if Coupang is able to increase its market share, he said it is unlikely to see the same kind of sales growth the other two companies saw in the last decade.</p><p>South Korea’s e-commerce market has an estimated value of $90.1 billion in 2020 with an annual growth rate of 22.3%, according to&nbsp;data analytics firm GlobalData. That is expected to grow at a compounded annual rate of 12% to reach $141.8 billion in 2024.</p><p>Spending some of its IPO proceeds on building out a strong distribution platform within Korea could benefit Coupang, according to Yoo.</p><p>The e-commerce firm was founded by Korean-American billionaire Bom Suk Kim in 2010 and is headquartered in Seoul. It has more than 100 fulfilment and logistics centers in over 30 cities that provide next-day delivery for orders placed before midnight. Coupang employs 15,000 drivers in South Korea for its deliveries and has branched out into other services such as food and grocery delivery.</p><p></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coupang spikes 85% on its first day of trading</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\">\nCoupang spikes 85% on its first day of trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-03-12 01:27</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Coupang shares opened at $64.8&nbsp;each on Thursday, about 85% higher than the company’s IPO price.</p><p><img src=\"https://static.tigerbbs.com/6d8a7bec648b4a2f82e6b4923e6d594e\" tg-width=\"1843\" tg-height=\"913\" referrerpolicy=\"no-referrer\"></p><p>Investors looking to buy shares of South Korean e-commerce firm&nbsp;Coupang&nbsp;when it goes public in New York should consider if the company has what it takes to be profitable in the future.</p><p>That’s the advice Daniel Yoo, head of global asset allocation at Yuanta Securities, Korea, has for clients.</p><p>“What you really need to know is whether or not, in the business environment of Korea and e-commerce, can they be able to generate a huge, profitable return on capital,” Yoo said Thursday on CNBC’s “Street Signs Asia.”</p><p>Coupang is set to debut on the New York Stock Exchange under the ticker “CPNG” later in the day when U.S. markets open.</p><p>The company said it had&nbsp;priced 130 million shares at $35 apiece, raising $4.55 billion and valuing the company around $60 billion. That makes Coupang the largest IPO in the U.S. this year and one of the&nbsp;top 25 biggest listings of all time stateside, by deal size.</p><p>The price is also above the company’s most recent&nbsp;expected range&nbsp;of between $32 and $34 a share.</p><p><b>Market leader</b></p><p>Yoo explained that the valuation and IPO price likely rose because Coupang is the only e-commerce company in South Korea that showed a sizeable gain in market share last year. He said its market size rose from 18.1% in 2019 to about 24.6% last year due to the coronavirus pandemic.</p><p>“Most of the other competitors really did not show any type of changes in terms of market share,” he said. Coupang’s rivals include eBay-owned Gmarket, WeMakePrice, Naver Shopping among others.</p><p>“The fact is that (Coupang is) becoming the biggest e-commerce business within Korea and 24% market share, I think, it might actually even rise further,” Yoo said. “It is possible that they can actually gain as much as 30%+ over the next few years.” That, he explained, would justify why the company’s IPO price has increased.</p><p>Coupang’s regulatory filing showed the company sustained losses over eight quarters through Dec. 31. But a sharp jump in sales last year helped narrow net losses from $770.2 million in 2019 to $567.6 million in 2020</p><p><b>Comparisons with Alibaba, Amazon</b></p><p>The company, whose prominent backers include SoftBank’s Vision Fund and Sequoia Capital, has drawn comparisons with&nbsp;Amazon&nbsp;and&nbsp;Alibaba. Those firms have become tech behemoths after making their public debuts.</p><p>But Yoo said that the consumer markets in the U.S. and China are significantly larger than South Korea. So, even if Coupang is able to increase its market share, he said it is unlikely to see the same kind of sales growth the other two companies saw in the last decade.</p><p>South Korea’s e-commerce market has an estimated value of $90.1 billion in 2020 with an annual growth rate of 22.3%, according to&nbsp;data analytics firm GlobalData. That is expected to grow at a compounded annual rate of 12% to reach $141.8 billion in 2024.</p><p>Spending some of its IPO proceeds on building out a strong distribution platform within Korea could benefit Coupang, according to Yoo.</p><p>The e-commerce firm was founded by Korean-American billionaire Bom Suk Kim in 2010 and is headquartered in Seoul. It has more than 100 fulfilment and logistics centers in over 30 cities that provide next-day delivery for orders placed before midnight. Coupang employs 15,000 drivers in South Korea for its deliveries and has branched out into other services such as food and grocery delivery.</p><p></p><p></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CPNG":"Coupang, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1117588517","content_text":"Coupang shares opened at $64.8 each on Thursday, about 85% higher than the company’s IPO price.Investors looking to buy shares of South Korean e-commerce firm Coupang when it goes public in New York should consider if the company has what it takes to be profitable in the future.That’s the advice Daniel Yoo, head of global asset allocation at Yuanta Securities, Korea, has for clients.“What you really need to know is whether or not, in the business environment of Korea and e-commerce, can they be able to generate a huge, profitable return on capital,” Yoo said Thursday on CNBC’s “Street Signs Asia.”Coupang is set to debut on the New York Stock Exchange under the ticker “CPNG” later in the day when U.S. markets open.The company said it had priced 130 million shares at $35 apiece, raising $4.55 billion and valuing the company around $60 billion. That makes Coupang the largest IPO in the U.S. this year and one of the top 25 biggest listings of all time stateside, by deal size.The price is also above the company’s most recent expected range of between $32 and $34 a share.Market leaderYoo explained that the valuation and IPO price likely rose because Coupang is the only e-commerce company in South Korea that showed a sizeable gain in market share last year. He said its market size rose from 18.1% in 2019 to about 24.6% last year due to the coronavirus pandemic.“Most of the other competitors really did not show any type of changes in terms of market share,” he said. Coupang’s rivals include eBay-owned Gmarket, WeMakePrice, Naver Shopping among others.“The fact is that (Coupang is) becoming the biggest e-commerce business within Korea and 24% market share, I think, it might actually even rise further,” Yoo said. “It is possible that they can actually gain as much as 30%+ over the next few years.” That, he explained, would justify why the company’s IPO price has increased.Coupang’s regulatory filing showed the company sustained losses over eight quarters through Dec. 31. But a sharp jump in sales last year helped narrow net losses from $770.2 million in 2019 to $567.6 million in 2020Comparisons with Alibaba, AmazonThe company, whose prominent backers include SoftBank’s Vision Fund and Sequoia Capital, has drawn comparisons with Amazon and Alibaba. Those firms have become tech behemoths after making their public debuts.But Yoo said that the consumer markets in the U.S. and China are significantly larger than South Korea. So, even if Coupang is able to increase its market share, he said it is unlikely to see the same kind of sales growth the other two companies saw in the last decade.South Korea’s e-commerce market has an estimated value of $90.1 billion in 2020 with an annual growth rate of 22.3%, according to data analytics firm GlobalData. That is expected to grow at a compounded annual rate of 12% to reach $141.8 billion in 2024.Spending some of its IPO proceeds on building out a strong distribution platform within Korea could benefit Coupang, according to Yoo.The e-commerce firm was founded by Korean-American billionaire Bom Suk Kim in 2010 and is headquartered in Seoul. It has more than 100 fulfilment and logistics centers in over 30 cities that provide next-day delivery for orders placed before midnight. Coupang employs 15,000 drivers in South Korea for its deliveries and has branched out into other services such as food and grocery delivery.","news_type":1},"isVote":1,"tweetType":1,"viewCount":381,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":321466519,"gmtCreate":1615462959731,"gmtModify":1703489380479,"author":{"id":"3569894447597850","authorId":"3569894447597850","name":"BOTAKYAP","avatar":"https://static.tigerbbs.com/335356fded8c7d08f8ee1bbe18b6f105","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Good opportunity&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","listText":"Good opportunity&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","text":"Good opportunity [财迷] [财迷] [财迷] [财迷] [财迷] [财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/321466519","repostId":"2118798998","repostType":4,"repost":{"id":"2118798998","pubTimestamp":1615462642,"share":"https://www.laohu8.com/m/news/2118798998?lang=&edition=full","pubTime":"2021-03-11 19:37","market":"us","language":"en","title":"Here's the Most Compelling Reason to Buy Aphria Stock Right Now","url":"https://stock-news.laohu8.com/highlight/detail?id=2118798998","media":"Motley Fool","summary":"Hint: It's related to the pending merger with Tilray.","content":"<p>Hint: It's related to the pending merger with Tilray.</p>\n<p>For a long time,<b>Aphria</b> (NASDAQ:APHA) was overshadowed by its rivals<b>Canopy Growth</b>&nbsp;and<b>Aurora Cannabis</b>. That's changed. Aphria is now arguably at the center of attention in the Canadian cannabis industry, thanks to its pending merger with<b>Tilray</b> (NASDAQ:TLRY). Aphria's shares are up over 180% so far this year.</p>\n<p>But neither the attention nor the tremendous gains are good reasons to buy the marijuana stock. Here's the most compelling reason to buy Aphria right now.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bcb6feb2e828a250e132b4ef0f87b705\" tg-width=\"700\" tg-height=\"466\"><span>Image source: Getty Images.</span></p>\n<p><b>An A for arbitrage</b></p>\n<p>Arbitrage usually involves taking advantage of a price difference of a given stock (or other investment) between multiple markets. But every now and then, an opportunity for a different kind of arbitrage arises. That's what's happened with the merger of Aphria and Tilray.</p>\n<p>First of all, this merger isn't <a href=\"https://laohu8.com/S/AONE\">one</a> of equals. Aphria is, without question, the dominant company in the deal. Its shareholders will control around 62% of the combined company, and its chairman and CEO Irwin Simon will retain his current roles in the new entity. Aphria will also hold seven of the nine spots on the board of directors.</p>\n<p>More important for potentially buying Aphria stock, though, are the specific terms of the merger. Aphria shareholders will receive 0.8381 shares of Tilray for each of their Aphria shares. Tilray shareholders will keep the current shares.</p>\n<p>Currently, Aphria is trading at close to 0.73 times Tilray's share price. The single most compelling reason to buy Aphria stock right now is that this ratio absolutely must increase to the 0.8381 ratio included in the merger agreement.</p>\n<p>But just buying Aphria stock by itself isn't enough to effectively capitalize on the merger arbitrage opportunity. There are three ways that the ratio between Aphria's and Tilray's share prices could get to the agreement ratio:</p>\n<ul>\n <li>Aphria stock could rise</li>\n <li>Tilray stock could fall</li>\n <li>Both of the above could occur</li>\n</ul>\n<p>The best way to take advantage of the current pricing discrepancy is to buy Aphria and short Tilray. You won't make a huge profit, but arbitrage can be the closest to a sure thing you'll find with investing.</p>\n<p><b>Long-term opportunities</b></p>\n<p>Are there other reasons to consider buying Aphria that don't involve arbitrage? Sure.</p>\n<p>For <a href=\"https://laohu8.com/S/AONE.U\">one</a> thing, the company is set to soon become the biggest cannabis company in the world based on revenue after the Tilray merger closes. This large scale could be important as the main players compete for market share in a rapidly expanding global cannabis market.</p>\n<p>Aphria, which will operate under the Tilray name after the transaction wraps up, will hold the leading market share in the Canadian retail cannabis market. Although this market has faced headwinds, the reopening of the economy amid the easing of COVID-19 restrictions should fuel stronger growth going forward.</p>\n<p>The combination of Aphria and Tilray will also establish a formidable competitor in European medical-cannabis markets. Aphria's CC Pharma is already a leading medical-cannabis distributor in Germany. Tilray operates a large-scale cannabis-production operation in Portugal.</p>\n<p>Of course, the biggest prize is the U.S. cannabis market. Both Aphria and Tilray already have U.S. operations, albeit not in cannabis. Aphria recently acquired SweetWater Brewing, a craft-beer maker that focuses on cannabis lifestyle brands. Tilray owns Manitoba Harvest, the largest hemp foods producer. The combined company will look to leverage these existing businesses to enter the U.S. cannabis market as soon as they're legally allowed to do so.</p>\n<p><b>Not so compelling</b></p>\n<p>Should investors rush out to buy Aphria stock? I don't think so.</p>\n<p>My view is that the U.S. market will determine which cannabis companies have staying power. However, I'm not convinced that Aphria, as it stands now or after it merges with Tilray, will be among the biggest winners in the U.S.</p>\n<p>The CEOs of both companies confidently predict full legalization of marijuana within the next two or three years. Although I think marijuana decriminalization is likely within the next year, I don't look for full federal legalization anytime soon.</p>\n<p>Even if the \"new\" Tilray (which, again, will be more Aphria than Tilray) is able to enter the U.S. market, my hunch is that the established multistate cannabis operators will have a major competitive advantage. Manitoba Harvest and SweetWater Brewing aren't the strongest launching pads for moving into the U.S. cannabis market.</p>\n<p>I'll readily admit that Aphria could deliver solid returns for investors even after the arbitrage opportunity goes away. However, I think there are other cannabis stocks that are even better picks for investors right now.</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>Here's the Most Compelling Reason to Buy Aphria Stock Right Now</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere's the Most Compelling Reason to Buy Aphria Stock Right Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-11 19:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/03/11/heres-the-most-compelling-reason-to-buy-aphria-sto/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Hint: It's related to the pending merger with Tilray.\nFor a long time,Aphria (NASDAQ:APHA) was overshadowed by its rivalsCanopy Growth andAurora Cannabis. That's changed. Aphria is now arguably at the...</p>\n\n<a href=\"https://www.fool.com/investing/2021/03/11/heres-the-most-compelling-reason-to-buy-aphria-sto/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TLRY":"Tilray Inc."},"source_url":"https://www.fool.com/investing/2021/03/11/heres-the-most-compelling-reason-to-buy-aphria-sto/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2118798998","content_text":"Hint: It's related to the pending merger with Tilray.\nFor a long time,Aphria (NASDAQ:APHA) was overshadowed by its rivalsCanopy Growth andAurora Cannabis. That's changed. Aphria is now arguably at the center of attention in the Canadian cannabis industry, thanks to its pending merger withTilray (NASDAQ:TLRY). Aphria's shares are up over 180% so far this year.\nBut neither the attention nor the tremendous gains are good reasons to buy the marijuana stock. Here's the most compelling reason to buy Aphria right now.\nImage source: Getty Images.\nAn A for arbitrage\nArbitrage usually involves taking advantage of a price difference of a given stock (or other investment) between multiple markets. But every now and then, an opportunity for a different kind of arbitrage arises. That's what's happened with the merger of Aphria and Tilray.\nFirst of all, this merger isn't one of equals. Aphria is, without question, the dominant company in the deal. Its shareholders will control around 62% of the combined company, and its chairman and CEO Irwin Simon will retain his current roles in the new entity. Aphria will also hold seven of the nine spots on the board of directors.\nMore important for potentially buying Aphria stock, though, are the specific terms of the merger. Aphria shareholders will receive 0.8381 shares of Tilray for each of their Aphria shares. Tilray shareholders will keep the current shares.\nCurrently, Aphria is trading at close to 0.73 times Tilray's share price. The single most compelling reason to buy Aphria stock right now is that this ratio absolutely must increase to the 0.8381 ratio included in the merger agreement.\nBut just buying Aphria stock by itself isn't enough to effectively capitalize on the merger arbitrage opportunity. There are three ways that the ratio between Aphria's and Tilray's share prices could get to the agreement ratio:\n\nAphria stock could rise\nTilray stock could fall\nBoth of the above could occur\n\nThe best way to take advantage of the current pricing discrepancy is to buy Aphria and short Tilray. You won't make a huge profit, but arbitrage can be the closest to a sure thing you'll find with investing.\nLong-term opportunities\nAre there other reasons to consider buying Aphria that don't involve arbitrage? Sure.\nFor one thing, the company is set to soon become the biggest cannabis company in the world based on revenue after the Tilray merger closes. This large scale could be important as the main players compete for market share in a rapidly expanding global cannabis market.\nAphria, which will operate under the Tilray name after the transaction wraps up, will hold the leading market share in the Canadian retail cannabis market. Although this market has faced headwinds, the reopening of the economy amid the easing of COVID-19 restrictions should fuel stronger growth going forward.\nThe combination of Aphria and Tilray will also establish a formidable competitor in European medical-cannabis markets. Aphria's CC Pharma is already a leading medical-cannabis distributor in Germany. Tilray operates a large-scale cannabis-production operation in Portugal.\nOf course, the biggest prize is the U.S. cannabis market. Both Aphria and Tilray already have U.S. operations, albeit not in cannabis. Aphria recently acquired SweetWater Brewing, a craft-beer maker that focuses on cannabis lifestyle brands. Tilray owns Manitoba Harvest, the largest hemp foods producer. The combined company will look to leverage these existing businesses to enter the U.S. cannabis market as soon as they're legally allowed to do so.\nNot so compelling\nShould investors rush out to buy Aphria stock? I don't think so.\nMy view is that the U.S. market will determine which cannabis companies have staying power. However, I'm not convinced that Aphria, as it stands now or after it merges with Tilray, will be among the biggest winners in the U.S.\nThe CEOs of both companies confidently predict full legalization of marijuana within the next two or three years. Although I think marijuana decriminalization is likely within the next year, I don't look for full federal legalization anytime soon.\nEven if the \"new\" Tilray (which, again, will be more Aphria than Tilray) is able to enter the U.S. market, my hunch is that the established multistate cannabis operators will have a major competitive advantage. Manitoba Harvest and SweetWater Brewing aren't the strongest launching pads for moving into the U.S. cannabis market.\nI'll readily admit that Aphria could deliver solid returns for investors even after the arbitrage opportunity goes away. However, I think there are other cannabis stocks that are even better picks for investors right now.","news_type":1},"isVote":1,"tweetType":1,"viewCount":347,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":323764555,"gmtCreate":1615377945377,"gmtModify":1703488111803,"author":{"id":"3569894447597850","authorId":"3569894447597850","name":"BOTAKYAP","avatar":"https://static.tigerbbs.com/335356fded8c7d08f8ee1bbe18b6f105","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Good opportunity&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","listText":"Good opportunity&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","text":"Good opportunity [财迷] [财迷] [财迷] [财迷] [财迷] [财迷] [财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/323764555","repostId":"1113528707","repostType":4,"isVote":1,"tweetType":1,"viewCount":224,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":354560950,"gmtCreate":1617188979870,"gmtModify":1634522192317,"author":{"id":"3569894447597850","authorId":"3569894447597850","name":"BOTAKYAP","avatar":"https://static.tigerbbs.com/335356fded8c7d08f8ee1bbe18b6f105","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Help comment and like please&nbsp;[贱笑]&nbsp;[贱笑]&nbsp;[贱笑]&nbsp;[贱笑]&nbsp;","listText":"Help comment and like please&nbsp;[贱笑]&nbsp;[贱笑]&nbsp;[贱笑]&nbsp;[贱笑]&nbsp;","text":"Help comment and like please [贱笑] [贱笑] [贱笑] [贱笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/354560950","repostId":"1196818239","repostType":4,"repost":{"id":"1196818239","pubTimestamp":1617181590,"share":"https://www.laohu8.com/m/news/1196818239?lang=&edition=full","pubTime":"2021-03-31 17:06","market":"us","language":"en","title":"President Biden will unveil his $2 trillion infrastructure plan today – here are the details","url":"https://stock-news.laohu8.com/highlight/detail?id=1196818239","media":"cnbc","summary":"President Joe Biden will unveil a more than $2 trillion infrastructure and economic recovery package on Wednesday.The plan aims to revitalize U.S. transportation infrastructure, water systems, broadband and manufacturing, among other goals.An increase in the corporate tax rate to 28% and measures designed to prevent offshoring of profits will fund the spending, according to the White House.PresidentJoe Bidenwill unveil a more than $2 trillion infrastructure package on Wednesday as his administra","content":"<div>\n<p>KEY POINTS\n\nPresident Joe Biden will unveil a more than $2 trillion infrastructure and economic recovery package on Wednesday.\nThe plan aims to revitalize U.S. transportation infrastructure, water ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/31/biden-infrastructure-plan-includes-corporate-tax-hike-transportation-spending.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>President Biden will unveil his $2 trillion infrastructure plan today – here are the details</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\">\nPresident Biden will unveil his $2 trillion infrastructure plan today – here are the details\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-31 17:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/03/31/biden-infrastructure-plan-includes-corporate-tax-hike-transportation-spending.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nPresident Joe Biden will unveil a more than $2 trillion infrastructure and economic recovery package on Wednesday.\nThe plan aims to revitalize U.S. transportation infrastructure, water ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/31/biden-infrastructure-plan-includes-corporate-tax-hike-transportation-spending.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ff7dc206228e5f0b17e2120c141f32db","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","SPY":"标普500ETF"},"source_url":"https://www.cnbc.com/2021/03/31/biden-infrastructure-plan-includes-corporate-tax-hike-transportation-spending.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1196818239","content_text":"KEY POINTS\n\nPresident Joe Biden will unveil a more than $2 trillion infrastructure and economic recovery package on Wednesday.\nThe plan aims to revitalize U.S. transportation infrastructure, water systems, broadband and manufacturing, among other goals.\nAn increase in the corporate tax rate to 28% and measures designed to prevent offshoring of profits will fund the spending, according to the White House.\n\nPresidentJoe Bidenwill unveil a more than $2 trillion infrastructure package on Wednesday as his administration shifts its focus to bolstering the post-pandemic economy.\nThe plan Biden will outline Wednesday will include roughly $2 trillion in spending over eight years, and would raise the corporate tax rate to 28% to fund it, an administration official told reporters Tuesday night.\nThe White House said the tax hike, combined with measures designed to stop offshoring of profits, would fund the infrastructure plan within 15 years.\nThe proposal would:\n\nPut $621 billion into transportation infrastructure such as bridges, roads, public transit, ports, airports and electric vehicle development\nDirect $400 billion to care for elderly and disabled Americans\nInject more than $300 billion into improving drinking-water infrastructure, expanding broadband access and upgrading electric grids\nPut more than $300 billion into building and retrofitting affordable housing, along with constructing and upgrading schools\nInvest $580 billionin American manufacturing, research and development and job training efforts\n\nThe president will kick off his second major White House initiative after passage of a $1.9 trillion coronavirus relief plan earlier this month. The administration aims to approve a first proposal designed to create jobs, revamp U.S. infrastructure and fight climate change before it turns toward a second plan to improve education and expand paid leave and health-care coverage.\nThrough the plan announced Wednesday, the White House aims to show it can “revitalize our national imagination and put millions of Americans to work right now,” the administration official said.\nThe White House plans to fund the spending by raising the corporate tax rate to 28%. Republicans slashed the levy to 21% from 35% as part of their 2017 tax law.\nThe administration also aims to boost the global minimum tax for multinational corporations and ensure they pay at least 21%. The White House also aims to discourage firms from listing tax havens as their address and writing off expenses related to offshoring, among other reforms.\nBiden hopes the package will create manufacturing jobs and rescue failing American infrastructure as the country tries to emerge from the shadow of Covid-19. He and congressional Democrats also aim to combat climate change and start a transition to cleaner energy sources.\nThe president was set to announce his plans in Pittsburgh, a city where organized labor has a strong presence and the economy has undergone a shift from traditional manufacturing and mining to health care and technology. Biden, who has pledged to create union jobs as part of the infrastructure plan, launched his presidential campaign at a Pittsburgh union hall in 2019.\nWhile Democrats narrowly control both chambers of Congress, the party faces challenges in passing the infrastructure plan. The GOP broadly supports efforts to rebuild roads, bridges and airports and expand broadband access, but Republicans oppose tax hikes as part of the process.\n“We’re hearing the next few months might bring a so-called infrastructure proposal that may actually be a Trojan horse for massive tax hikes and other job-killing left-wing policies,” Senate Minority Leader Mitch McConnell, R-Ky., said earlier this month.\nBiden has said he hopes to win Republican support for an infrastructure bill. If Democrats cannot get 10 GOP senators on board, they will have to try to pass the bill through budget reconciliation, which would not require any Republicans to back the plan in a chamber split 50-50 by party.\nThey would also have to consider whether to package the physical infrastructure plans with other recovery policies including universal pre-K and expanded paid leave. Republicans likely would not back more spending to boost the social safety net, especially if Democrats move to hike taxes on the wealthy to fund programs.\nThe administration official did not say whether Biden would seek to pass the plan with bipartisan support.\n“We will begin and will already have begun to do extensive outreach to our counterparts in Congress,” the official said.\nAsked Monday about how the bill could pass, White House press secretary Jen Psaki said Biden would “leave the mechanics of bill passing to [Senate Majority] Leader [Chuck] Schumer and other leaders in Congress.”\nAs of now, Democrats will have two more shots at budget reconciliation before the 2022 midterms. Schumer, D-N.Y., hopes to convince the chamber’s parliamentarian to allow Democrats to use the process at least once more beyond those two opportunities, according to NBC News.\nThe party passed its $1.9 trillion coronavirus relief package without a Republican vote.","news_type":1},"isVote":1,"tweetType":1,"viewCount":448,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":359842473,"gmtCreate":1616386790392,"gmtModify":1634526120869,"author":{"id":"3569894447597850","authorId":"3569894447597850","name":"BOTAKYAP","avatar":"https://static.tigerbbs.com/335356fded8c7d08f8ee1bbe18b6f105","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Good opportunity&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","listText":"Good opportunity&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","text":"Good opportunity [财迷] [财迷] [财迷] [财迷] [财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/359842473","repostId":"1142823107","repostType":4,"repost":{"id":"1142823107","pubTimestamp":1616384869,"share":"https://www.laohu8.com/m/news/1142823107?lang=&edition=full","pubTime":"2021-03-22 11:47","market":"us","language":"en","title":"Australia's Crown Resorts receives $6.2 billion proposal from Blackstone","url":"https://stock-news.laohu8.com/highlight/detail?id=1142823107","media":"reuters","summary":"(Reuters) - Troubled Australian casino operator Crown Resorts Ltd on Monday said it had received a c","content":"<p>(Reuters) - Troubled Australian casino operator Crown Resorts Ltd on Monday said it had received a conditional buyout proposal from U.S. private equity giant Blackstone, sending its shares 19% higher.</p>\n<p>The indicative proposal comes as casinos and gaming operators around the world have seen values plunge as coronavirus lockdowns battered earnings, putting them on the radar of cashed-up investment firms.</p>\n<p>Crown has suffered more than most after a year-long regulatory inquiry aired allegations of money laundering and governance failures at the company, leading to the loss of its gambling licence for its new A$2.2 billion Sydney casino last month.</p>\n<p>Since then, top executives including its chief executive resigned, paving the way for Crown to repair its reputation and regain its licence with ex-federal communications minister and Chairman Helen Coonan at the helm of the overhaul.</p>\n<p>Crown said Blackstone’s proposal was A$11.85 per share, a premium of 20.2% to the company’s last closing price, and valuing it at A$8.02 billion ($6.2 billion).</p>\n<p>Its shares jumped to A$11.750 following news of the proposal on Monday, their highest in a year. The stock fell nearly 20% in 2020 as the inquiry exposed major flaws in the company’s governance.</p>\n<p>Blackstone currently has a 10% stake in Crown which it bought from Macau’s Melco Resorts &amp; Entertainment in April last year at just A$8.15 per share, and is the second-largest holder after billionaire founder James Packer.</p>\n<p>The company’s board had not yet formed a view on the offer, which was subject to conditions including due diligence, arranging debt finance and Blackstone receiving gambling approvals to allow it to operate Crown’s Sydney, Melbourne and Perth licences, the company said in a statement.</p>\n<p>Blackstone most recently acquired the Bellagio in Las Vegas for $4.25 billion, and also owns a casino resort called “The Cosmopolitan” in Las Vegas and Spanish gaming hall operator Cirsa.</p>\n<p>($1 = 1.2967 Australian dollars)</p>","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>Australia's Crown Resorts receives $6.2 billion proposal from Blackstone</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\">\nAustralia's Crown Resorts receives $6.2 billion proposal from Blackstone\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-22 11:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/article/us-crown-resorts-m-a-blackstone-group/blackstone-proposal-values-australian-casino-operator-crown-at-6-2-billion-idUSKBN2BD0SM?il=0><strong>reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - Troubled Australian casino operator Crown Resorts Ltd on Monday said it had received a conditional buyout proposal from U.S. private equity giant Blackstone, sending its shares 19% higher....</p>\n\n<a href=\"https://www.reuters.com/article/us-crown-resorts-m-a-blackstone-group/blackstone-proposal-values-australian-casino-operator-crown-at-6-2-billion-idUSKBN2BD0SM?il=0\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BX":"黑石"},"source_url":"https://www.reuters.com/article/us-crown-resorts-m-a-blackstone-group/blackstone-proposal-values-australian-casino-operator-crown-at-6-2-billion-idUSKBN2BD0SM?il=0","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1142823107","content_text":"(Reuters) - Troubled Australian casino operator Crown Resorts Ltd on Monday said it had received a conditional buyout proposal from U.S. private equity giant Blackstone, sending its shares 19% higher.\nThe indicative proposal comes as casinos and gaming operators around the world have seen values plunge as coronavirus lockdowns battered earnings, putting them on the radar of cashed-up investment firms.\nCrown has suffered more than most after a year-long regulatory inquiry aired allegations of money laundering and governance failures at the company, leading to the loss of its gambling licence for its new A$2.2 billion Sydney casino last month.\nSince then, top executives including its chief executive resigned, paving the way for Crown to repair its reputation and regain its licence with ex-federal communications minister and Chairman Helen Coonan at the helm of the overhaul.\nCrown said Blackstone’s proposal was A$11.85 per share, a premium of 20.2% to the company’s last closing price, and valuing it at A$8.02 billion ($6.2 billion).\nIts shares jumped to A$11.750 following news of the proposal on Monday, their highest in a year. The stock fell nearly 20% in 2020 as the inquiry exposed major flaws in the company’s governance.\nBlackstone currently has a 10% stake in Crown which it bought from Macau’s Melco Resorts & Entertainment in April last year at just A$8.15 per share, and is the second-largest holder after billionaire founder James Packer.\nThe company’s board had not yet formed a view on the offer, which was subject to conditions including due diligence, arranging debt finance and Blackstone receiving gambling approvals to allow it to operate Crown’s Sydney, Melbourne and Perth licences, the company said in a statement.\nBlackstone most recently acquired the Bellagio in Las Vegas for $4.25 billion, and also owns a casino resort called “The Cosmopolitan” in Las Vegas and Spanish gaming hall operator Cirsa.\n($1 = 1.2967 Australian dollars)","news_type":1},"isVote":1,"tweetType":1,"viewCount":271,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":328167389,"gmtCreate":1615507613141,"gmtModify":1703490093565,"author":{"id":"3569894447597850","authorId":"3569894447597850","name":"BOTAKYAP","avatar":"https://static.tigerbbs.com/335356fded8c7d08f8ee1bbe18b6f105","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Good opportunity&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","listText":"Good opportunity&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","text":"Good opportunity [财迷] [财迷] [财迷] [财迷] [财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/328167389","repostId":"1117588517","repostType":4,"repost":{"id":"1117588517","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1615483663,"share":"https://www.laohu8.com/m/news/1117588517?lang=&edition=full","pubTime":"2021-03-12 01:27","market":"us","language":"en","title":"Coupang spikes 85% on its first day of trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1117588517","media":"Tiger Newspress","summary":"Coupang shares opened at $64.8 each on Thursday, about 85% higher than the company’s IPO price.Inves","content":"<p>Coupang shares opened at $64.8&nbsp;each on Thursday, about 85% higher than the company’s IPO price.</p><p><img src=\"https://static.tigerbbs.com/6d8a7bec648b4a2f82e6b4923e6d594e\" tg-width=\"1843\" tg-height=\"913\" referrerpolicy=\"no-referrer\"></p><p>Investors looking to buy shares of South Korean e-commerce firm&nbsp;Coupang&nbsp;when it goes public in New York should consider if the company has what it takes to be profitable in the future.</p><p>That’s the advice Daniel Yoo, head of global asset allocation at Yuanta Securities, Korea, has for clients.</p><p>“What you really need to know is whether or not, in the business environment of Korea and e-commerce, can they be able to generate a huge, profitable return on capital,” Yoo said Thursday on CNBC’s “Street Signs Asia.”</p><p>Coupang is set to debut on the New York Stock Exchange under the ticker “CPNG” later in the day when U.S. markets open.</p><p>The company said it had&nbsp;priced 130 million shares at $35 apiece, raising $4.55 billion and valuing the company around $60 billion. That makes Coupang the largest IPO in the U.S. this year and one of the&nbsp;top 25 biggest listings of all time stateside, by deal size.</p><p>The price is also above the company’s most recent&nbsp;expected range&nbsp;of between $32 and $34 a share.</p><p><b>Market leader</b></p><p>Yoo explained that the valuation and IPO price likely rose because Coupang is the only e-commerce company in South Korea that showed a sizeable gain in market share last year. He said its market size rose from 18.1% in 2019 to about 24.6% last year due to the coronavirus pandemic.</p><p>“Most of the other competitors really did not show any type of changes in terms of market share,” he said. Coupang’s rivals include eBay-owned Gmarket, WeMakePrice, Naver Shopping among others.</p><p>“The fact is that (Coupang is) becoming the biggest e-commerce business within Korea and 24% market share, I think, it might actually even rise further,” Yoo said. “It is possible that they can actually gain as much as 30%+ over the next few years.” That, he explained, would justify why the company’s IPO price has increased.</p><p>Coupang’s regulatory filing showed the company sustained losses over eight quarters through Dec. 31. But a sharp jump in sales last year helped narrow net losses from $770.2 million in 2019 to $567.6 million in 2020</p><p><b>Comparisons with Alibaba, Amazon</b></p><p>The company, whose prominent backers include SoftBank’s Vision Fund and Sequoia Capital, has drawn comparisons with&nbsp;Amazon&nbsp;and&nbsp;Alibaba. Those firms have become tech behemoths after making their public debuts.</p><p>But Yoo said that the consumer markets in the U.S. and China are significantly larger than South Korea. So, even if Coupang is able to increase its market share, he said it is unlikely to see the same kind of sales growth the other two companies saw in the last decade.</p><p>South Korea’s e-commerce market has an estimated value of $90.1 billion in 2020 with an annual growth rate of 22.3%, according to&nbsp;data analytics firm GlobalData. That is expected to grow at a compounded annual rate of 12% to reach $141.8 billion in 2024.</p><p>Spending some of its IPO proceeds on building out a strong distribution platform within Korea could benefit Coupang, according to Yoo.</p><p>The e-commerce firm was founded by Korean-American billionaire Bom Suk Kim in 2010 and is headquartered in Seoul. It has more than 100 fulfilment and logistics centers in over 30 cities that provide next-day delivery for orders placed before midnight. Coupang employs 15,000 drivers in South Korea for its deliveries and has branched out into other services such as food and grocery delivery.</p><p></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coupang spikes 85% on its first day of trading</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\">\nCoupang spikes 85% on its first day of trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-03-12 01:27</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Coupang shares opened at $64.8&nbsp;each on Thursday, about 85% higher than the company’s IPO price.</p><p><img src=\"https://static.tigerbbs.com/6d8a7bec648b4a2f82e6b4923e6d594e\" tg-width=\"1843\" tg-height=\"913\" referrerpolicy=\"no-referrer\"></p><p>Investors looking to buy shares of South Korean e-commerce firm&nbsp;Coupang&nbsp;when it goes public in New York should consider if the company has what it takes to be profitable in the future.</p><p>That’s the advice Daniel Yoo, head of global asset allocation at Yuanta Securities, Korea, has for clients.</p><p>“What you really need to know is whether or not, in the business environment of Korea and e-commerce, can they be able to generate a huge, profitable return on capital,” Yoo said Thursday on CNBC’s “Street Signs Asia.”</p><p>Coupang is set to debut on the New York Stock Exchange under the ticker “CPNG” later in the day when U.S. markets open.</p><p>The company said it had&nbsp;priced 130 million shares at $35 apiece, raising $4.55 billion and valuing the company around $60 billion. That makes Coupang the largest IPO in the U.S. this year and one of the&nbsp;top 25 biggest listings of all time stateside, by deal size.</p><p>The price is also above the company’s most recent&nbsp;expected range&nbsp;of between $32 and $34 a share.</p><p><b>Market leader</b></p><p>Yoo explained that the valuation and IPO price likely rose because Coupang is the only e-commerce company in South Korea that showed a sizeable gain in market share last year. He said its market size rose from 18.1% in 2019 to about 24.6% last year due to the coronavirus pandemic.</p><p>“Most of the other competitors really did not show any type of changes in terms of market share,” he said. Coupang’s rivals include eBay-owned Gmarket, WeMakePrice, Naver Shopping among others.</p><p>“The fact is that (Coupang is) becoming the biggest e-commerce business within Korea and 24% market share, I think, it might actually even rise further,” Yoo said. “It is possible that they can actually gain as much as 30%+ over the next few years.” That, he explained, would justify why the company’s IPO price has increased.</p><p>Coupang’s regulatory filing showed the company sustained losses over eight quarters through Dec. 31. But a sharp jump in sales last year helped narrow net losses from $770.2 million in 2019 to $567.6 million in 2020</p><p><b>Comparisons with Alibaba, Amazon</b></p><p>The company, whose prominent backers include SoftBank’s Vision Fund and Sequoia Capital, has drawn comparisons with&nbsp;Amazon&nbsp;and&nbsp;Alibaba. Those firms have become tech behemoths after making their public debuts.</p><p>But Yoo said that the consumer markets in the U.S. and China are significantly larger than South Korea. So, even if Coupang is able to increase its market share, he said it is unlikely to see the same kind of sales growth the other two companies saw in the last decade.</p><p>South Korea’s e-commerce market has an estimated value of $90.1 billion in 2020 with an annual growth rate of 22.3%, according to&nbsp;data analytics firm GlobalData. That is expected to grow at a compounded annual rate of 12% to reach $141.8 billion in 2024.</p><p>Spending some of its IPO proceeds on building out a strong distribution platform within Korea could benefit Coupang, according to Yoo.</p><p>The e-commerce firm was founded by Korean-American billionaire Bom Suk Kim in 2010 and is headquartered in Seoul. It has more than 100 fulfilment and logistics centers in over 30 cities that provide next-day delivery for orders placed before midnight. Coupang employs 15,000 drivers in South Korea for its deliveries and has branched out into other services such as food and grocery delivery.</p><p></p><p></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CPNG":"Coupang, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1117588517","content_text":"Coupang shares opened at $64.8 each on Thursday, about 85% higher than the company’s IPO price.Investors looking to buy shares of South Korean e-commerce firm Coupang when it goes public in New York should consider if the company has what it takes to be profitable in the future.That’s the advice Daniel Yoo, head of global asset allocation at Yuanta Securities, Korea, has for clients.“What you really need to know is whether or not, in the business environment of Korea and e-commerce, can they be able to generate a huge, profitable return on capital,” Yoo said Thursday on CNBC’s “Street Signs Asia.”Coupang is set to debut on the New York Stock Exchange under the ticker “CPNG” later in the day when U.S. markets open.The company said it had priced 130 million shares at $35 apiece, raising $4.55 billion and valuing the company around $60 billion. That makes Coupang the largest IPO in the U.S. this year and one of the top 25 biggest listings of all time stateside, by deal size.The price is also above the company’s most recent expected range of between $32 and $34 a share.Market leaderYoo explained that the valuation and IPO price likely rose because Coupang is the only e-commerce company in South Korea that showed a sizeable gain in market share last year. He said its market size rose from 18.1% in 2019 to about 24.6% last year due to the coronavirus pandemic.“Most of the other competitors really did not show any type of changes in terms of market share,” he said. Coupang’s rivals include eBay-owned Gmarket, WeMakePrice, Naver Shopping among others.“The fact is that (Coupang is) becoming the biggest e-commerce business within Korea and 24% market share, I think, it might actually even rise further,” Yoo said. “It is possible that they can actually gain as much as 30%+ over the next few years.” That, he explained, would justify why the company’s IPO price has increased.Coupang’s regulatory filing showed the company sustained losses over eight quarters through Dec. 31. But a sharp jump in sales last year helped narrow net losses from $770.2 million in 2019 to $567.6 million in 2020Comparisons with Alibaba, AmazonThe company, whose prominent backers include SoftBank’s Vision Fund and Sequoia Capital, has drawn comparisons with Amazon and Alibaba. Those firms have become tech behemoths after making their public debuts.But Yoo said that the consumer markets in the U.S. and China are significantly larger than South Korea. So, even if Coupang is able to increase its market share, he said it is unlikely to see the same kind of sales growth the other two companies saw in the last decade.South Korea’s e-commerce market has an estimated value of $90.1 billion in 2020 with an annual growth rate of 22.3%, according to data analytics firm GlobalData. That is expected to grow at a compounded annual rate of 12% to reach $141.8 billion in 2024.Spending some of its IPO proceeds on building out a strong distribution platform within Korea could benefit Coupang, according to Yoo.The e-commerce firm was founded by Korean-American billionaire Bom Suk Kim in 2010 and is headquartered in Seoul. It has more than 100 fulfilment and logistics centers in over 30 cities that provide next-day delivery for orders placed before midnight. Coupang employs 15,000 drivers in South Korea for its deliveries and has branched out into other services such as food and grocery delivery.","news_type":1},"isVote":1,"tweetType":1,"viewCount":381,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":352330453,"gmtCreate":1616891167872,"gmtModify":1634523663597,"author":{"id":"3569894447597850","authorId":"3569894447597850","name":"BOTAKYAP","avatar":"https://static.tigerbbs.com/335356fded8c7d08f8ee1bbe18b6f105","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Good opportunity&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","listText":"Good opportunity&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","text":"Good opportunity [财迷] [财迷] [财迷] [财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/352330453","repostId":"1141686975","repostType":4,"repost":{"id":"1141686975","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1616780260,"share":"https://www.laohu8.com/m/news/1141686975?lang=&edition=full","pubTime":"2021-03-27 01:37","market":"us","language":"en","title":"Zhihu Technology fall on its first day of trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1141686975","media":"Tiger Newspress","summary":"Zhihu Technology shares opened at $8.02 each on Friday, about 15.6% lower than the company’s IPO pri","content":"<p>Zhihu Technology shares opened at $8.02&nbsp;each on Friday, about 15.6% lower than the company’s IPO price&nbsp;$9.5.Zhihu IPO prices at low end of the range, valuing company at about $5.3 billion.</p><p><img src=\"https://static.tigerbbs.com/4672a089b4ebb0a889cbfbeb32b48594\" tg-width=\"1920\" tg-height=\"959\" referrerpolicy=\"no-referrer\"></p><p>Zhihu Inc.&nbsp;announced Friday the pricing of its initial public offering, at $9.50 per American depositary share, which was at the low end of the expected range. The China-based online content company offered 55 million ADS in the IPO to raise $522.5 million, while the pricing valued the company at about $5.31 billion.</p><p>Zhihu has a similar business model as Quora where millions of people ask questions and exchange their views and experiences. Zhihu has become the largest online question and answer community in China.</p><p><b>Sales Breakdown</b></p><p>Advertising and paid memberships account for the biggest portion of the company's revenues. Advertising accounted for 86.1% and 62.4% of total revenues in 2019 and 2020, respectively. We estimate advertising as a percentage of revenues to gradually decline in the next five years as it is offset by the faster growing Paid Memberships and Content Commerce Solutions. We estimate advertising as a percentage of sales to decline to 34.1% in 2021 and 22.3% in 2025.</p><p>Paid Memberships represented 13.1% of total revenues in 2019, which increased to 23.7% of total revenues in 2020. We have assumed Paid Membership revenues as a percentage of total revenues to increase to 31.5% in 2021 and 37.8% in 2025.</p><p>Content Commerce Solutions and Other sales also increased sharply in 2020. Content Commerce Solutions revenues jumped from 0.6 million RMB in 2019 to 135.8 million RMB in 2020. In early 2020, the company launched Content-Commerce solutions, which provide merchants and brands a one-stop shop for all of their sales and marketing needs, including marketing plans. We have assumed Content Commerce Solutions as a percentage of total revenue to jump from 10% in 2020 to 17.8% in 2021 and 32.3% in 2025.</p><p><b>Gross Margins</b></p><p>The company's gross margins improved from 46.6% in 2019 to 56.0% in 2020, driven by an overall improving business scalability. We have assumed further improvements in gross margins to 57.4% in 2021 and 62.3% in 2025.</p><p><b>Total Operating Expenses and Operating Margins</b></p><p>Total operating expenses as a percentage of revenues declined significantly from 204.4% in 2019 to 100.6% in 2020. We expect this ratio to improve further to 79% in 2021, 69.2% in 2022, and 57.2% in 2025. The bulk of the improvements in operating expenses is coming from lower SG&amp;A and R&amp;D expenses as a percentage of revenues in the next five years.</p><p><img src=\"https://static.tigerbbs.com/c019cc86f4d4c1d9ffe15d3b4a4bfa75\" tg-width=\"772\" tg-height=\"480\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/ef629be32d2c34d625cb287ad648206d\" tg-width=\"757\" tg-height=\"488\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/b9561a02993fbc88c2cad88e68c08730\" tg-width=\"920\" tg-height=\"485\" referrerpolicy=\"no-referrer\"></p><p><b>Company Background</b></p><p>At the end of 2020, Zhihu had more than 43.1 million cumulative content creators that contributed 315 million questions and answers. In 4Q 2020, the company had 75.7 million average monthly active users, up 33% YoY. One of the key strengths of the company is that it is recognized as one of the most trustworthy online content communities and regarded as providing one of the highest quality content in China. Zhihu has tried to capitalize on its large user base to provide numerous multimedia functions including live streaming, e-commerce, online education, and other video content.</p><p>In August 2019, Zhihu received $434 million in funding from leading investors including Baidu and Kuaishou Technology, valuing the company at $3.5 billion. Given that the company had $97 million in sales in 2019, this would suggest a P/S valuation multiple of 36x. If we take the same P/S multiple apply to the company's 2020 sales of $207 million, this would suggest an implied valuation of $7.5 billion.</p><p>Zhihu was originally developed as a question and answer online community in 2010. At the end of 2020, there were a total of 315 million Q&amp;As spanning more than 1,000 verticals and 571,000 topics. Zhihu is one of the top five comprehensive online content communities in China, in terms of average mobile MAUs and revenue in 2020. The company uses artificial intelligence, cloud, and big data algorithms to improve the optimization of its content and services.</p><p><b>Major Shareholders of Zhihu</b></p><p>The founder &amp; CEO&nbsp;Zhou Yuanowns an 8.2% stake in the company (but 46.6% voting rights). Sinovation Ventures owns a 13.1% stake and Tencent Holdings Ltd. owns a 12.3% stake of Zhihu.</p><p><b>Key Demographics</b></p><p>The diagram below provides some of the key demographics of Zhihu user base. Males accounted for 56.9% of total users. People under 30 years old accounted for 78.7% of its total user base. Tier I and new tier I cities represented 52.6% of total user base. Many of the users of Zhihu are students and white collar professionals.</p><p><img src=\"https://static.tigerbbs.com/524d689472daad1c99491d74dfdbfe24\" tg-width=\"295\" tg-height=\"389\" referrerpolicy=\"no-referrer\"></p><p><b>Revenue Breakdown</b></p><p>Advertising and paid memberships account for the biggest portion of the company's revenues. Advertising accounted for 86.1% and 62.4% of total revenues in 2019 and 2020, respectively. The company's advertising revenue is mainly driven by its MAUs and advertising revenue per MAU. The company's MAUs increased by 42.7% YoY to 68.5 million in 2020. The company started its online advertising business in 2016 and introduced paid content in 2018.</p><p>Paid memberships represented 13.1% of total revenues in 2019, which increased to 23.7% of total revenues in 2020. Average monthly members jumped by 311.5% YoY to 2.36 million in 2020, which is a testament of an increasing number of customers that value the premium content available on Zhihu.</p><p>In March 2019, the company introduced the Yan Selection membership program, making it the first payment-based questions &amp; answers community. It provides its members with unlimited access to about 3.4 million paid content including online lectures, columns, audio books, and e-journals. This is one of the biggest strengths of the company as it shows how high quality data and content can generate serious amount of revenues and it also provides a more steady monthly revenue inflow.</p><p>Content Commerce Solutions and Other sales also increased sharply in 2020. Content Commerce Solutions revenues jumped from 0.6 million RMB in 2019 to 135.8 million RMB in 2020. In early 2020, the company launched Content-Commerce solutions, which provide merchants and brands a one-stop shop for all of their sales and marketing needs, including marketing plans, assigning the most relevant content creators to interested users, and facilitating content creation.</p><p>China's content-commerce solution market is expected to be one of the fastest growing sectors in the next several years. According to CIC Consultancy, China's content-commerce solution market is expected to enjoy a strong CAGR growth of 46.4% from 2019 to 2025 (112.3 billion RMB).</p><p><b>Market Opportunities</b></p><p><b>China’s Online Content Communities Market Size</b></p><p>Online content communities refer to UGC (user generated content)-focused (including PUGC (professional user generated content) focused online content market players where content creators are also users, who are actively engaged within the communities. The content communities generally can stimulate higher level of user engagement, more interactive user experience, and enjoy lower content cost, compared to PGC (professionally generated content) players. PGC is content created by the branded company or organization.</p><p>China's online content communities market size increased from 38.6 billion RMB in 2015 to 275.8 billion RMB in 2019 and is further expected to rise to 1.3 trillion RMB in 2025, representing a CAGR of 30.3% from 2019 to 2025, which is higher than the overall online content market growth.</p><p>China's online content community market has more diversified monetization channels including online advertising, paid membership, content e-commerce, content-commerce solutions, virtual gifting in live streaming, online games, and online education services. In comparison, the US online content community's monetization is mainly through advertising.</p><p>One of the major positives about the company is the growing trend of more Chinese consumers that are willing to pay money for higher quality content. The number of paying users in China’s online content communities is expected to increase at a CAGR of 17.1% between 2019 and 2025, which means an increase of 360.4 million extra paying users of online content communities to 588.2 million in 2025.</p><p><b>China's Online Content Market</b></p><p>China's online content market tripled from 2015 to reach 1.2 trillion RMB in 2019. This market is expected to increase to 3.7 trillion RMB in 2025, representing a CAGR of 21.4% from 2019 to 2025.</p><p><b>China’s Online Content Market Size (in terms of revenue), 2015-2025E</b></p><p><img src=\"https://static.tigerbbs.com/69a7db9cacf26245273702a255aabdb8\" tg-width=\"573\" tg-height=\"258\" referrerpolicy=\"no-referrer\"></p><p><b>Market Size of China’s Online Content Communities (in terms of revenue),2015-2025E</b></p><p><img src=\"https://static.tigerbbs.com/aee42792caf4aa2cbdcd17f757a75727\" tg-width=\"584\" tg-height=\"285\" referrerpolicy=\"no-referrer\"></p><p><b>China’s Paid Membership Market Size (in terms of revenue), 2015-2025E</b></p><p><img src=\"https://static.tigerbbs.com/77ff121d78cb1dd922d524a78570152e\" tg-width=\"520\" tg-height=\"286\" referrerpolicy=\"no-referrer\"></p><p><b>Content-commerce solutions</b></p><p>To provide integrated marketing services, the online content communities provide content-commerce solutions for content creation, content distribution, and content conversion. The company provides integrated content-commerce solutions, providing merchants and brands one-stop services for all their sales and marketing needs, from making marketing plans, facilitating content creation, assigning the most relevant content creators, to distributing to the interested users. China's content commerce solution market is expected to grow from 11.4 billion RMB in 2019 to 112.3 billion RMB in 2025, at a CAGR of 46.4%.</p><p><b>China’s Content-Commerce Solution Market Size (in terms of revenue), 2015-2025E</b></p><p><img src=\"https://static.tigerbbs.com/01a230d3fb2d4cf4aeeebfd5c3c691c3\" tg-width=\"520\" tg-height=\"269\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Zhihu Technology fall on its first day of trading</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\">\nZhihu Technology fall on its first day of trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-03-27 01:37</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Zhihu Technology shares opened at $8.02&nbsp;each on Friday, about 15.6% lower than the company’s IPO price&nbsp;$9.5.Zhihu IPO prices at low end of the range, valuing company at about $5.3 billion.</p><p><img src=\"https://static.tigerbbs.com/4672a089b4ebb0a889cbfbeb32b48594\" tg-width=\"1920\" tg-height=\"959\" referrerpolicy=\"no-referrer\"></p><p>Zhihu Inc.&nbsp;announced Friday the pricing of its initial public offering, at $9.50 per American depositary share, which was at the low end of the expected range. The China-based online content company offered 55 million ADS in the IPO to raise $522.5 million, while the pricing valued the company at about $5.31 billion.</p><p>Zhihu has a similar business model as Quora where millions of people ask questions and exchange their views and experiences. Zhihu has become the largest online question and answer community in China.</p><p><b>Sales Breakdown</b></p><p>Advertising and paid memberships account for the biggest portion of the company's revenues. Advertising accounted for 86.1% and 62.4% of total revenues in 2019 and 2020, respectively. We estimate advertising as a percentage of revenues to gradually decline in the next five years as it is offset by the faster growing Paid Memberships and Content Commerce Solutions. We estimate advertising as a percentage of sales to decline to 34.1% in 2021 and 22.3% in 2025.</p><p>Paid Memberships represented 13.1% of total revenues in 2019, which increased to 23.7% of total revenues in 2020. We have assumed Paid Membership revenues as a percentage of total revenues to increase to 31.5% in 2021 and 37.8% in 2025.</p><p>Content Commerce Solutions and Other sales also increased sharply in 2020. Content Commerce Solutions revenues jumped from 0.6 million RMB in 2019 to 135.8 million RMB in 2020. In early 2020, the company launched Content-Commerce solutions, which provide merchants and brands a one-stop shop for all of their sales and marketing needs, including marketing plans. We have assumed Content Commerce Solutions as a percentage of total revenue to jump from 10% in 2020 to 17.8% in 2021 and 32.3% in 2025.</p><p><b>Gross Margins</b></p><p>The company's gross margins improved from 46.6% in 2019 to 56.0% in 2020, driven by an overall improving business scalability. We have assumed further improvements in gross margins to 57.4% in 2021 and 62.3% in 2025.</p><p><b>Total Operating Expenses and Operating Margins</b></p><p>Total operating expenses as a percentage of revenues declined significantly from 204.4% in 2019 to 100.6% in 2020. We expect this ratio to improve further to 79% in 2021, 69.2% in 2022, and 57.2% in 2025. The bulk of the improvements in operating expenses is coming from lower SG&amp;A and R&amp;D expenses as a percentage of revenues in the next five years.</p><p><img src=\"https://static.tigerbbs.com/c019cc86f4d4c1d9ffe15d3b4a4bfa75\" tg-width=\"772\" tg-height=\"480\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/ef629be32d2c34d625cb287ad648206d\" tg-width=\"757\" tg-height=\"488\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/b9561a02993fbc88c2cad88e68c08730\" tg-width=\"920\" tg-height=\"485\" referrerpolicy=\"no-referrer\"></p><p><b>Company Background</b></p><p>At the end of 2020, Zhihu had more than 43.1 million cumulative content creators that contributed 315 million questions and answers. In 4Q 2020, the company had 75.7 million average monthly active users, up 33% YoY. One of the key strengths of the company is that it is recognized as one of the most trustworthy online content communities and regarded as providing one of the highest quality content in China. Zhihu has tried to capitalize on its large user base to provide numerous multimedia functions including live streaming, e-commerce, online education, and other video content.</p><p>In August 2019, Zhihu received $434 million in funding from leading investors including Baidu and Kuaishou Technology, valuing the company at $3.5 billion. Given that the company had $97 million in sales in 2019, this would suggest a P/S valuation multiple of 36x. If we take the same P/S multiple apply to the company's 2020 sales of $207 million, this would suggest an implied valuation of $7.5 billion.</p><p>Zhihu was originally developed as a question and answer online community in 2010. At the end of 2020, there were a total of 315 million Q&amp;As spanning more than 1,000 verticals and 571,000 topics. Zhihu is one of the top five comprehensive online content communities in China, in terms of average mobile MAUs and revenue in 2020. The company uses artificial intelligence, cloud, and big data algorithms to improve the optimization of its content and services.</p><p><b>Major Shareholders of Zhihu</b></p><p>The founder &amp; CEO&nbsp;Zhou Yuanowns an 8.2% stake in the company (but 46.6% voting rights). Sinovation Ventures owns a 13.1% stake and Tencent Holdings Ltd. owns a 12.3% stake of Zhihu.</p><p><b>Key Demographics</b></p><p>The diagram below provides some of the key demographics of Zhihu user base. Males accounted for 56.9% of total users. People under 30 years old accounted for 78.7% of its total user base. Tier I and new tier I cities represented 52.6% of total user base. Many of the users of Zhihu are students and white collar professionals.</p><p><img src=\"https://static.tigerbbs.com/524d689472daad1c99491d74dfdbfe24\" tg-width=\"295\" tg-height=\"389\" referrerpolicy=\"no-referrer\"></p><p><b>Revenue Breakdown</b></p><p>Advertising and paid memberships account for the biggest portion of the company's revenues. Advertising accounted for 86.1% and 62.4% of total revenues in 2019 and 2020, respectively. The company's advertising revenue is mainly driven by its MAUs and advertising revenue per MAU. The company's MAUs increased by 42.7% YoY to 68.5 million in 2020. The company started its online advertising business in 2016 and introduced paid content in 2018.</p><p>Paid memberships represented 13.1% of total revenues in 2019, which increased to 23.7% of total revenues in 2020. Average monthly members jumped by 311.5% YoY to 2.36 million in 2020, which is a testament of an increasing number of customers that value the premium content available on Zhihu.</p><p>In March 2019, the company introduced the Yan Selection membership program, making it the first payment-based questions &amp; answers community. It provides its members with unlimited access to about 3.4 million paid content including online lectures, columns, audio books, and e-journals. This is one of the biggest strengths of the company as it shows how high quality data and content can generate serious amount of revenues and it also provides a more steady monthly revenue inflow.</p><p>Content Commerce Solutions and Other sales also increased sharply in 2020. Content Commerce Solutions revenues jumped from 0.6 million RMB in 2019 to 135.8 million RMB in 2020. In early 2020, the company launched Content-Commerce solutions, which provide merchants and brands a one-stop shop for all of their sales and marketing needs, including marketing plans, assigning the most relevant content creators to interested users, and facilitating content creation.</p><p>China's content-commerce solution market is expected to be one of the fastest growing sectors in the next several years. According to CIC Consultancy, China's content-commerce solution market is expected to enjoy a strong CAGR growth of 46.4% from 2019 to 2025 (112.3 billion RMB).</p><p><b>Market Opportunities</b></p><p><b>China’s Online Content Communities Market Size</b></p><p>Online content communities refer to UGC (user generated content)-focused (including PUGC (professional user generated content) focused online content market players where content creators are also users, who are actively engaged within the communities. The content communities generally can stimulate higher level of user engagement, more interactive user experience, and enjoy lower content cost, compared to PGC (professionally generated content) players. PGC is content created by the branded company or organization.</p><p>China's online content communities market size increased from 38.6 billion RMB in 2015 to 275.8 billion RMB in 2019 and is further expected to rise to 1.3 trillion RMB in 2025, representing a CAGR of 30.3% from 2019 to 2025, which is higher than the overall online content market growth.</p><p>China's online content community market has more diversified monetization channels including online advertising, paid membership, content e-commerce, content-commerce solutions, virtual gifting in live streaming, online games, and online education services. In comparison, the US online content community's monetization is mainly through advertising.</p><p>One of the major positives about the company is the growing trend of more Chinese consumers that are willing to pay money for higher quality content. The number of paying users in China’s online content communities is expected to increase at a CAGR of 17.1% between 2019 and 2025, which means an increase of 360.4 million extra paying users of online content communities to 588.2 million in 2025.</p><p><b>China's Online Content Market</b></p><p>China's online content market tripled from 2015 to reach 1.2 trillion RMB in 2019. This market is expected to increase to 3.7 trillion RMB in 2025, representing a CAGR of 21.4% from 2019 to 2025.</p><p><b>China’s Online Content Market Size (in terms of revenue), 2015-2025E</b></p><p><img src=\"https://static.tigerbbs.com/69a7db9cacf26245273702a255aabdb8\" tg-width=\"573\" tg-height=\"258\" referrerpolicy=\"no-referrer\"></p><p><b>Market Size of China’s Online Content Communities (in terms of revenue),2015-2025E</b></p><p><img src=\"https://static.tigerbbs.com/aee42792caf4aa2cbdcd17f757a75727\" tg-width=\"584\" tg-height=\"285\" referrerpolicy=\"no-referrer\"></p><p><b>China’s Paid Membership Market Size (in terms of revenue), 2015-2025E</b></p><p><img src=\"https://static.tigerbbs.com/77ff121d78cb1dd922d524a78570152e\" tg-width=\"520\" tg-height=\"286\" referrerpolicy=\"no-referrer\"></p><p><b>Content-commerce solutions</b></p><p>To provide integrated marketing services, the online content communities provide content-commerce solutions for content creation, content distribution, and content conversion. The company provides integrated content-commerce solutions, providing merchants and brands one-stop services for all their sales and marketing needs, from making marketing plans, facilitating content creation, assigning the most relevant content creators, to distributing to the interested users. China's content commerce solution market is expected to grow from 11.4 billion RMB in 2019 to 112.3 billion RMB in 2025, at a CAGR of 46.4%.</p><p><b>China’s Content-Commerce Solution Market Size (in terms of revenue), 2015-2025E</b></p><p><img src=\"https://static.tigerbbs.com/01a230d3fb2d4cf4aeeebfd5c3c691c3\" tg-width=\"520\" tg-height=\"269\" referrerpolicy=\"no-referrer\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ZH":"知乎"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141686975","content_text":"Zhihu Technology shares opened at $8.02 each on Friday, about 15.6% lower than the company’s IPO price $9.5.Zhihu IPO prices at low end of the range, valuing company at about $5.3 billion.Zhihu Inc. announced Friday the pricing of its initial public offering, at $9.50 per American depositary share, which was at the low end of the expected range. The China-based online content company offered 55 million ADS in the IPO to raise $522.5 million, while the pricing valued the company at about $5.31 billion.Zhihu has a similar business model as Quora where millions of people ask questions and exchange their views and experiences. Zhihu has become the largest online question and answer community in China.Sales BreakdownAdvertising and paid memberships account for the biggest portion of the company's revenues. Advertising accounted for 86.1% and 62.4% of total revenues in 2019 and 2020, respectively. We estimate advertising as a percentage of revenues to gradually decline in the next five years as it is offset by the faster growing Paid Memberships and Content Commerce Solutions. We estimate advertising as a percentage of sales to decline to 34.1% in 2021 and 22.3% in 2025.Paid Memberships represented 13.1% of total revenues in 2019, which increased to 23.7% of total revenues in 2020. We have assumed Paid Membership revenues as a percentage of total revenues to increase to 31.5% in 2021 and 37.8% in 2025.Content Commerce Solutions and Other sales also increased sharply in 2020. Content Commerce Solutions revenues jumped from 0.6 million RMB in 2019 to 135.8 million RMB in 2020. In early 2020, the company launched Content-Commerce solutions, which provide merchants and brands a one-stop shop for all of their sales and marketing needs, including marketing plans. We have assumed Content Commerce Solutions as a percentage of total revenue to jump from 10% in 2020 to 17.8% in 2021 and 32.3% in 2025.Gross MarginsThe company's gross margins improved from 46.6% in 2019 to 56.0% in 2020, driven by an overall improving business scalability. We have assumed further improvements in gross margins to 57.4% in 2021 and 62.3% in 2025.Total Operating Expenses and Operating MarginsTotal operating expenses as a percentage of revenues declined significantly from 204.4% in 2019 to 100.6% in 2020. We expect this ratio to improve further to 79% in 2021, 69.2% in 2022, and 57.2% in 2025. The bulk of the improvements in operating expenses is coming from lower SG&A and R&D expenses as a percentage of revenues in the next five years.Company BackgroundAt the end of 2020, Zhihu had more than 43.1 million cumulative content creators that contributed 315 million questions and answers. In 4Q 2020, the company had 75.7 million average monthly active users, up 33% YoY. One of the key strengths of the company is that it is recognized as one of the most trustworthy online content communities and regarded as providing one of the highest quality content in China. Zhihu has tried to capitalize on its large user base to provide numerous multimedia functions including live streaming, e-commerce, online education, and other video content.In August 2019, Zhihu received $434 million in funding from leading investors including Baidu and Kuaishou Technology, valuing the company at $3.5 billion. Given that the company had $97 million in sales in 2019, this would suggest a P/S valuation multiple of 36x. If we take the same P/S multiple apply to the company's 2020 sales of $207 million, this would suggest an implied valuation of $7.5 billion.Zhihu was originally developed as a question and answer online community in 2010. At the end of 2020, there were a total of 315 million Q&As spanning more than 1,000 verticals and 571,000 topics. Zhihu is one of the top five comprehensive online content communities in China, in terms of average mobile MAUs and revenue in 2020. The company uses artificial intelligence, cloud, and big data algorithms to improve the optimization of its content and services.Major Shareholders of ZhihuThe founder & CEO Zhou Yuanowns an 8.2% stake in the company (but 46.6% voting rights). Sinovation Ventures owns a 13.1% stake and Tencent Holdings Ltd. owns a 12.3% stake of Zhihu.Key DemographicsThe diagram below provides some of the key demographics of Zhihu user base. Males accounted for 56.9% of total users. People under 30 years old accounted for 78.7% of its total user base. Tier I and new tier I cities represented 52.6% of total user base. Many of the users of Zhihu are students and white collar professionals.Revenue BreakdownAdvertising and paid memberships account for the biggest portion of the company's revenues. Advertising accounted for 86.1% and 62.4% of total revenues in 2019 and 2020, respectively. The company's advertising revenue is mainly driven by its MAUs and advertising revenue per MAU. The company's MAUs increased by 42.7% YoY to 68.5 million in 2020. The company started its online advertising business in 2016 and introduced paid content in 2018.Paid memberships represented 13.1% of total revenues in 2019, which increased to 23.7% of total revenues in 2020. Average monthly members jumped by 311.5% YoY to 2.36 million in 2020, which is a testament of an increasing number of customers that value the premium content available on Zhihu.In March 2019, the company introduced the Yan Selection membership program, making it the first payment-based questions & answers community. It provides its members with unlimited access to about 3.4 million paid content including online lectures, columns, audio books, and e-journals. This is one of the biggest strengths of the company as it shows how high quality data and content can generate serious amount of revenues and it also provides a more steady monthly revenue inflow.Content Commerce Solutions and Other sales also increased sharply in 2020. Content Commerce Solutions revenues jumped from 0.6 million RMB in 2019 to 135.8 million RMB in 2020. In early 2020, the company launched Content-Commerce solutions, which provide merchants and brands a one-stop shop for all of their sales and marketing needs, including marketing plans, assigning the most relevant content creators to interested users, and facilitating content creation.China's content-commerce solution market is expected to be one of the fastest growing sectors in the next several years. According to CIC Consultancy, China's content-commerce solution market is expected to enjoy a strong CAGR growth of 46.4% from 2019 to 2025 (112.3 billion RMB).Market OpportunitiesChina’s Online Content Communities Market SizeOnline content communities refer to UGC (user generated content)-focused (including PUGC (professional user generated content) focused online content market players where content creators are also users, who are actively engaged within the communities. The content communities generally can stimulate higher level of user engagement, more interactive user experience, and enjoy lower content cost, compared to PGC (professionally generated content) players. PGC is content created by the branded company or organization.China's online content communities market size increased from 38.6 billion RMB in 2015 to 275.8 billion RMB in 2019 and is further expected to rise to 1.3 trillion RMB in 2025, representing a CAGR of 30.3% from 2019 to 2025, which is higher than the overall online content market growth.China's online content community market has more diversified monetization channels including online advertising, paid membership, content e-commerce, content-commerce solutions, virtual gifting in live streaming, online games, and online education services. In comparison, the US online content community's monetization is mainly through advertising.One of the major positives about the company is the growing trend of more Chinese consumers that are willing to pay money for higher quality content. The number of paying users in China’s online content communities is expected to increase at a CAGR of 17.1% between 2019 and 2025, which means an increase of 360.4 million extra paying users of online content communities to 588.2 million in 2025.China's Online Content MarketChina's online content market tripled from 2015 to reach 1.2 trillion RMB in 2019. This market is expected to increase to 3.7 trillion RMB in 2025, representing a CAGR of 21.4% from 2019 to 2025.China’s Online Content Market Size (in terms of revenue), 2015-2025EMarket Size of China’s Online Content Communities (in terms of revenue),2015-2025EChina’s Paid Membership Market Size (in terms of revenue), 2015-2025EContent-commerce solutionsTo provide integrated marketing services, the online content communities provide content-commerce solutions for content creation, content distribution, and content conversion. The company provides integrated content-commerce solutions, providing merchants and brands one-stop services for all their sales and marketing needs, from making marketing plans, facilitating content creation, assigning the most relevant content creators, to distributing to the interested users. China's content commerce solution market is expected to grow from 11.4 billion RMB in 2019 to 112.3 billion RMB in 2025, at a CAGR of 46.4%.China’s Content-Commerce Solution Market Size (in terms of revenue), 2015-2025E","news_type":1},"isVote":1,"tweetType":1,"viewCount":279,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":323764555,"gmtCreate":1615377945377,"gmtModify":1703488111803,"author":{"id":"3569894447597850","authorId":"3569894447597850","name":"BOTAKYAP","avatar":"https://static.tigerbbs.com/335356fded8c7d08f8ee1bbe18b6f105","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Good opportunity&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","listText":"Good opportunity&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","text":"Good opportunity [财迷] [财迷] [财迷] [财迷] [财迷] [财迷] [财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/323764555","repostId":"1113528707","repostType":4,"isVote":1,"tweetType":1,"viewCount":224,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":321466519,"gmtCreate":1615462959731,"gmtModify":1703489380479,"author":{"id":"3569894447597850","authorId":"3569894447597850","name":"BOTAKYAP","avatar":"https://static.tigerbbs.com/335356fded8c7d08f8ee1bbe18b6f105","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Good opportunity&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","listText":"Good opportunity&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","text":"Good opportunity [财迷] [财迷] [财迷] [财迷] [财迷] [财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/321466519","repostId":"2118798998","repostType":4,"repost":{"id":"2118798998","pubTimestamp":1615462642,"share":"https://www.laohu8.com/m/news/2118798998?lang=&edition=full","pubTime":"2021-03-11 19:37","market":"us","language":"en","title":"Here's the Most Compelling Reason to Buy Aphria Stock Right Now","url":"https://stock-news.laohu8.com/highlight/detail?id=2118798998","media":"Motley Fool","summary":"Hint: It's related to the pending merger with Tilray.","content":"<p>Hint: It's related to the pending merger with Tilray.</p>\n<p>For a long time,<b>Aphria</b> (NASDAQ:APHA) was overshadowed by its rivals<b>Canopy Growth</b>&nbsp;and<b>Aurora Cannabis</b>. That's changed. Aphria is now arguably at the center of attention in the Canadian cannabis industry, thanks to its pending merger with<b>Tilray</b> (NASDAQ:TLRY). Aphria's shares are up over 180% so far this year.</p>\n<p>But neither the attention nor the tremendous gains are good reasons to buy the marijuana stock. Here's the most compelling reason to buy Aphria right now.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bcb6feb2e828a250e132b4ef0f87b705\" tg-width=\"700\" tg-height=\"466\"><span>Image source: Getty Images.</span></p>\n<p><b>An A for arbitrage</b></p>\n<p>Arbitrage usually involves taking advantage of a price difference of a given stock (or other investment) between multiple markets. But every now and then, an opportunity for a different kind of arbitrage arises. That's what's happened with the merger of Aphria and Tilray.</p>\n<p>First of all, this merger isn't <a href=\"https://laohu8.com/S/AONE\">one</a> of equals. Aphria is, without question, the dominant company in the deal. Its shareholders will control around 62% of the combined company, and its chairman and CEO Irwin Simon will retain his current roles in the new entity. Aphria will also hold seven of the nine spots on the board of directors.</p>\n<p>More important for potentially buying Aphria stock, though, are the specific terms of the merger. Aphria shareholders will receive 0.8381 shares of Tilray for each of their Aphria shares. Tilray shareholders will keep the current shares.</p>\n<p>Currently, Aphria is trading at close to 0.73 times Tilray's share price. The single most compelling reason to buy Aphria stock right now is that this ratio absolutely must increase to the 0.8381 ratio included in the merger agreement.</p>\n<p>But just buying Aphria stock by itself isn't enough to effectively capitalize on the merger arbitrage opportunity. There are three ways that the ratio between Aphria's and Tilray's share prices could get to the agreement ratio:</p>\n<ul>\n <li>Aphria stock could rise</li>\n <li>Tilray stock could fall</li>\n <li>Both of the above could occur</li>\n</ul>\n<p>The best way to take advantage of the current pricing discrepancy is to buy Aphria and short Tilray. You won't make a huge profit, but arbitrage can be the closest to a sure thing you'll find with investing.</p>\n<p><b>Long-term opportunities</b></p>\n<p>Are there other reasons to consider buying Aphria that don't involve arbitrage? Sure.</p>\n<p>For <a href=\"https://laohu8.com/S/AONE.U\">one</a> thing, the company is set to soon become the biggest cannabis company in the world based on revenue after the Tilray merger closes. This large scale could be important as the main players compete for market share in a rapidly expanding global cannabis market.</p>\n<p>Aphria, which will operate under the Tilray name after the transaction wraps up, will hold the leading market share in the Canadian retail cannabis market. Although this market has faced headwinds, the reopening of the economy amid the easing of COVID-19 restrictions should fuel stronger growth going forward.</p>\n<p>The combination of Aphria and Tilray will also establish a formidable competitor in European medical-cannabis markets. Aphria's CC Pharma is already a leading medical-cannabis distributor in Germany. Tilray operates a large-scale cannabis-production operation in Portugal.</p>\n<p>Of course, the biggest prize is the U.S. cannabis market. Both Aphria and Tilray already have U.S. operations, albeit not in cannabis. Aphria recently acquired SweetWater Brewing, a craft-beer maker that focuses on cannabis lifestyle brands. Tilray owns Manitoba Harvest, the largest hemp foods producer. The combined company will look to leverage these existing businesses to enter the U.S. cannabis market as soon as they're legally allowed to do so.</p>\n<p><b>Not so compelling</b></p>\n<p>Should investors rush out to buy Aphria stock? I don't think so.</p>\n<p>My view is that the U.S. market will determine which cannabis companies have staying power. However, I'm not convinced that Aphria, as it stands now or after it merges with Tilray, will be among the biggest winners in the U.S.</p>\n<p>The CEOs of both companies confidently predict full legalization of marijuana within the next two or three years. Although I think marijuana decriminalization is likely within the next year, I don't look for full federal legalization anytime soon.</p>\n<p>Even if the \"new\" Tilray (which, again, will be more Aphria than Tilray) is able to enter the U.S. market, my hunch is that the established multistate cannabis operators will have a major competitive advantage. Manitoba Harvest and SweetWater Brewing aren't the strongest launching pads for moving into the U.S. cannabis market.</p>\n<p>I'll readily admit that Aphria could deliver solid returns for investors even after the arbitrage opportunity goes away. However, I think there are other cannabis stocks that are even better picks for investors right now.</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>Here's the Most Compelling Reason to Buy Aphria Stock Right Now</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere's the Most Compelling Reason to Buy Aphria Stock Right Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-11 19:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/03/11/heres-the-most-compelling-reason-to-buy-aphria-sto/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Hint: It's related to the pending merger with Tilray.\nFor a long time,Aphria (NASDAQ:APHA) was overshadowed by its rivalsCanopy Growth andAurora Cannabis. That's changed. Aphria is now arguably at the...</p>\n\n<a href=\"https://www.fool.com/investing/2021/03/11/heres-the-most-compelling-reason-to-buy-aphria-sto/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TLRY":"Tilray Inc."},"source_url":"https://www.fool.com/investing/2021/03/11/heres-the-most-compelling-reason-to-buy-aphria-sto/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2118798998","content_text":"Hint: It's related to the pending merger with Tilray.\nFor a long time,Aphria (NASDAQ:APHA) was overshadowed by its rivalsCanopy Growth andAurora Cannabis. That's changed. Aphria is now arguably at the center of attention in the Canadian cannabis industry, thanks to its pending merger withTilray (NASDAQ:TLRY). Aphria's shares are up over 180% so far this year.\nBut neither the attention nor the tremendous gains are good reasons to buy the marijuana stock. Here's the most compelling reason to buy Aphria right now.\nImage source: Getty Images.\nAn A for arbitrage\nArbitrage usually involves taking advantage of a price difference of a given stock (or other investment) between multiple markets. But every now and then, an opportunity for a different kind of arbitrage arises. That's what's happened with the merger of Aphria and Tilray.\nFirst of all, this merger isn't one of equals. Aphria is, without question, the dominant company in the deal. Its shareholders will control around 62% of the combined company, and its chairman and CEO Irwin Simon will retain his current roles in the new entity. Aphria will also hold seven of the nine spots on the board of directors.\nMore important for potentially buying Aphria stock, though, are the specific terms of the merger. Aphria shareholders will receive 0.8381 shares of Tilray for each of their Aphria shares. Tilray shareholders will keep the current shares.\nCurrently, Aphria is trading at close to 0.73 times Tilray's share price. The single most compelling reason to buy Aphria stock right now is that this ratio absolutely must increase to the 0.8381 ratio included in the merger agreement.\nBut just buying Aphria stock by itself isn't enough to effectively capitalize on the merger arbitrage opportunity. There are three ways that the ratio between Aphria's and Tilray's share prices could get to the agreement ratio:\n\nAphria stock could rise\nTilray stock could fall\nBoth of the above could occur\n\nThe best way to take advantage of the current pricing discrepancy is to buy Aphria and short Tilray. You won't make a huge profit, but arbitrage can be the closest to a sure thing you'll find with investing.\nLong-term opportunities\nAre there other reasons to consider buying Aphria that don't involve arbitrage? Sure.\nFor one thing, the company is set to soon become the biggest cannabis company in the world based on revenue after the Tilray merger closes. This large scale could be important as the main players compete for market share in a rapidly expanding global cannabis market.\nAphria, which will operate under the Tilray name after the transaction wraps up, will hold the leading market share in the Canadian retail cannabis market. Although this market has faced headwinds, the reopening of the economy amid the easing of COVID-19 restrictions should fuel stronger growth going forward.\nThe combination of Aphria and Tilray will also establish a formidable competitor in European medical-cannabis markets. Aphria's CC Pharma is already a leading medical-cannabis distributor in Germany. Tilray operates a large-scale cannabis-production operation in Portugal.\nOf course, the biggest prize is the U.S. cannabis market. Both Aphria and Tilray already have U.S. operations, albeit not in cannabis. Aphria recently acquired SweetWater Brewing, a craft-beer maker that focuses on cannabis lifestyle brands. Tilray owns Manitoba Harvest, the largest hemp foods producer. The combined company will look to leverage these existing businesses to enter the U.S. cannabis market as soon as they're legally allowed to do so.\nNot so compelling\nShould investors rush out to buy Aphria stock? I don't think so.\nMy view is that the U.S. market will determine which cannabis companies have staying power. However, I'm not convinced that Aphria, as it stands now or after it merges with Tilray, will be among the biggest winners in the U.S.\nThe CEOs of both companies confidently predict full legalization of marijuana within the next two or three years. Although I think marijuana decriminalization is likely within the next year, I don't look for full federal legalization anytime soon.\nEven if the \"new\" Tilray (which, again, will be more Aphria than Tilray) is able to enter the U.S. market, my hunch is that the established multistate cannabis operators will have a major competitive advantage. Manitoba Harvest and SweetWater Brewing aren't the strongest launching pads for moving into the U.S. cannabis market.\nI'll readily admit that Aphria could deliver solid returns for investors even after the arbitrage opportunity goes away. However, I think there are other cannabis stocks that are even better picks for investors right now.","news_type":1},"isVote":1,"tweetType":1,"viewCount":347,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":366112689,"gmtCreate":1614409586141,"gmtModify":1703477384165,"author":{"id":"3569894447597850","authorId":"3569894447597850","name":"BOTAKYAP","avatar":"https://static.tigerbbs.com/335356fded8c7d08f8ee1bbe18b6f105","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","listText":"[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","text":"[财迷] [财迷] [财迷] [财迷] [财迷] [财迷] [财迷] [财迷] [财迷] [财迷] [财迷] [财迷] [财迷] [财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/366112689","repostId":"1100894452","repostType":4,"repost":{"id":"1100894452","pubTimestamp":1614328628,"share":"https://www.laohu8.com/m/news/1100894452?lang=&edition=full","pubTime":"2021-02-26 16:37","market":"us","language":"en","title":"DoorDash Earnings Show Rapid Growth: Why I'm Bearish Anyways","url":"https://stock-news.laohu8.com/highlight/detail?id=1100894452","media":"seekingalpha","summary":"Summary\n\nDASH reported strong triple-digit top line growth in its first quarter as a public company.","content":"<p><b>Summary</b></p>\n<ul>\n <li>DASH reported strong triple-digit top line growth in its first quarter as a public company.</li>\n <li>The pandemic has created a perfect environment for food delivery companies, but DASH was still unable to earn a profit.</li>\n <li>DASH trades at a nosebleed 73 times forward contribution profits.</li>\n <li>I am bearish on the stock as it appears unlikely to generate satisfactory returns.</li>\n</ul>\n<p>DoorDash&nbsp;(DASH) has reported its first quarter as a public company. At one point, DASH traded over 100% higher than its IPO price of $102 per share, and heading into its earnings report it still traded more than 60% higher. This past quarter showed phenomenal top-line growth and the company guided for 2021 to see further growth in spite of tough comparables. In spite of the insane growth it showed in 2020, DASH was not profitable on either a GAAP or non-GAAP basis.</p>\n<p>That should spook investors as other tech names that benefited from the pandemic saw huge boosts to profitability. DASH might eventually be able to report profits as it gains scale, but the lack of profitability in 2020 suggests that operating leverage may prove difficult to come by. I am bearish on the stock at current valuations.</p>\n<p><b>Blockbuster Top Line Growth, No Profits</b></p>\n<p>DASH saw its network report strong growth of 87% year over year for marketplace partner stores and 158% year over year for drive partner stores. Marketplace partners stores are those that show up in theDoorDashapp and Drive Partner stores are those which use their own website but rely onDoorDashto fulfill delivery:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f69874662354b0b0860c72b71d831034\" tg-width=\"1280\" tg-height=\"640\"><span>(2020 Q4 Shareholder Letter)</span></p>\n<p>DASH reported blistering 226% revenue growth in the quarter and 226% revenue growth for the full year:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0caed2684d31742ad9fe124229dc455a\" tg-width=\"882\" tg-height=\"426\"><span>(2020 Q4 Shareholder Letter)</span></p>\n<p>Forgive me for stating, but as the reader probably knows, DASH’s line of business is in food delivery. The pandemic created a perfect environment for this business segment, as social distancing restrictions essentially made food delivery the “only option” for many restaurants. In spite of this perfect environment, DASH was nonetheless unable to show GAAP profitability:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9dfa00381c181c33c9097a245519dcce\" tg-width=\"878\" tg-height=\"424\"><span>(2020 Q4 Shareholder Letter)</span></p>\n<p>Even if we add back stock-based compensation, DASH was barely able to generate $10 million in adjusted net income for the fourth quarter and lost $139 million in adjusted net income for the year. Consider that Zoom (ZM), another pandemic beneficiary, generated&nbsp;25.5% GAAP net margins in the third quarter. Shopify (SHOP) generated&nbsp;12.7% GAAP net margins in its latest quarter. Why is DASH unable to generate profits during what might prove to be a peak year?</p>\n<p>DASH discloses a metric called “contribution profit” which, as we can see below, is only 23.7% of revenues:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/42ffb1d6669048f1ee78b712c4020f70\" tg-width=\"866\" tg-height=\"416\"><span>(2020 Q4 Shareholder Letter)</span></p>\n<p>DASH defines Contribution Profit in itsS-1as follows:</p>\n<blockquote>\n “We define Contribution Profit (Loss) as our gross profit (loss) less sales and marketing expense plus (i) depreciation and amortization expense related to cost of revenue, (II) stock-based compensation expense included in cost of revenue and sales and marketing expenses, and (III) allocated overhead included in cost of revenue and sales and marketing expenses. Gross profit (loss) is defined as revenue less (i) cost of revenue, exclusive of depreciation and amortization and (II) depreciation and amortization related to cost of revenue.”\n</blockquote>\n<p>It is the following statement (also from the S-1) that leads me to believe that contribution profit is a better proxy for gross profit as typically used by other companies:</p>\n<blockquote>\n “We believe that Contribution Profit (Loss) is a useful indicator of the economic impact of orders fulfilled through DoorDash as it takes into account the direct expenses associated with generating and fulfilling orders.”\n</blockquote>\n<p>What does this all mean? The traditional meaning of gross profit is meant to represent the incremental profit from each dollar sold by the business. DASH’s contribution profit can be considered to be its true gross profit because it takes into account, among other things, the sales and marketing expenses associated with each sale. The typical tech company that I cover has gross profit margin upwards of 65%. There, the high gross margin suggests that operating leverage may eventually pave the way for strong profits in the future, even if the companies are not currently profitable. DASH’s contribution profit margin is a mere 23.7%, suggesting that the path to profitability will be<b>much</b>harder than tech peers.</p>\n<p>DASH guided for this upcoming year to see Marketplace GOV of $30 billion to $33 billion, up 28% from $24.7 billion in 2020. I estimate this to equate to roughly $3.7 billion in revenue. At recent prices, DASH trades at 17 times forward revenues, which is rich but at first not obviously bubbly in light of the 28% growth rate. However, price to sales is meaningless for DASH because of its low gross margins. I estimate that DASH will earn $877 million in contribution profit in 2021.</p>\n<p>DASH trades at 73 times that number, which makes no sense in comparison to the 23.7% growth rate. It is very rare to see tech companies (with high gross margins) trading at a price to sales multiple even equivalent to their growth rate. I consider such multiples to be bubbly. Yet DASH would trade at $54 per share if it traded at 23.7 times forward contribution profits. Shares have 70% downside to that price.</p>\n<p><b>Conclusion</b></p>\n<p>2020 was a year in which many tech stocks proved the naysayers wrong. Wall Street appears to have become comfortable purchasing stocks of unprofitable tech companies because operating leverage may lead to high profits in the future. Not all tech companies are created equal - DASH’s low effective gross margins suggest that on a comparable basis, its valuation is much more expensive than it looks.</p>\n<p>Even if all the projected contribution profit growth flows directly to the bottom line, then DASH would still earn only $75 million in adjusted net income (that’s after excluding stock-based compensation). Shares trade at 746 times that number. While I am in general comfortable with paying a fair multiple for high quality tech companies, DASH appears to be the poster child of the tech bubble.</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>DoorDash Earnings Show Rapid Growth: Why I'm Bearish Anyways</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\">\nDoorDash Earnings Show Rapid Growth: Why I'm Bearish Anyways\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-26 16:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4409243-doordash-earnings-show-rapid-growth-why-i-am-bearish-anyways><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nDASH reported strong triple-digit top line growth in its first quarter as a public company.\nThe pandemic has created a perfect environment for food delivery companies, but DASH was still ...</p>\n\n<a href=\"https://seekingalpha.com/article/4409243-doordash-earnings-show-rapid-growth-why-i-am-bearish-anyways\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DASH":"DoorDash, Inc."},"source_url":"https://seekingalpha.com/article/4409243-doordash-earnings-show-rapid-growth-why-i-am-bearish-anyways","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1100894452","content_text":"Summary\n\nDASH reported strong triple-digit top line growth in its first quarter as a public company.\nThe pandemic has created a perfect environment for food delivery companies, but DASH was still unable to earn a profit.\nDASH trades at a nosebleed 73 times forward contribution profits.\nI am bearish on the stock as it appears unlikely to generate satisfactory returns.\n\nDoorDash (DASH) has reported its first quarter as a public company. At one point, DASH traded over 100% higher than its IPO price of $102 per share, and heading into its earnings report it still traded more than 60% higher. This past quarter showed phenomenal top-line growth and the company guided for 2021 to see further growth in spite of tough comparables. In spite of the insane growth it showed in 2020, DASH was not profitable on either a GAAP or non-GAAP basis.\nThat should spook investors as other tech names that benefited from the pandemic saw huge boosts to profitability. DASH might eventually be able to report profits as it gains scale, but the lack of profitability in 2020 suggests that operating leverage may prove difficult to come by. I am bearish on the stock at current valuations.\nBlockbuster Top Line Growth, No Profits\nDASH saw its network report strong growth of 87% year over year for marketplace partner stores and 158% year over year for drive partner stores. Marketplace partners stores are those that show up in theDoorDashapp and Drive Partner stores are those which use their own website but rely onDoorDashto fulfill delivery:\n(2020 Q4 Shareholder Letter)\nDASH reported blistering 226% revenue growth in the quarter and 226% revenue growth for the full year:\n(2020 Q4 Shareholder Letter)\nForgive me for stating, but as the reader probably knows, DASH’s line of business is in food delivery. The pandemic created a perfect environment for this business segment, as social distancing restrictions essentially made food delivery the “only option” for many restaurants. In spite of this perfect environment, DASH was nonetheless unable to show GAAP profitability:\n(2020 Q4 Shareholder Letter)\nEven if we add back stock-based compensation, DASH was barely able to generate $10 million in adjusted net income for the fourth quarter and lost $139 million in adjusted net income for the year. Consider that Zoom (ZM), another pandemic beneficiary, generated 25.5% GAAP net margins in the third quarter. Shopify (SHOP) generated 12.7% GAAP net margins in its latest quarter. Why is DASH unable to generate profits during what might prove to be a peak year?\nDASH discloses a metric called “contribution profit” which, as we can see below, is only 23.7% of revenues:\n(2020 Q4 Shareholder Letter)\nDASH defines Contribution Profit in itsS-1as follows:\n\n “We define Contribution Profit (Loss) as our gross profit (loss) less sales and marketing expense plus (i) depreciation and amortization expense related to cost of revenue, (II) stock-based compensation expense included in cost of revenue and sales and marketing expenses, and (III) allocated overhead included in cost of revenue and sales and marketing expenses. Gross profit (loss) is defined as revenue less (i) cost of revenue, exclusive of depreciation and amortization and (II) depreciation and amortization related to cost of revenue.”\n\nIt is the following statement (also from the S-1) that leads me to believe that contribution profit is a better proxy for gross profit as typically used by other companies:\n\n “We believe that Contribution Profit (Loss) is a useful indicator of the economic impact of orders fulfilled through DoorDash as it takes into account the direct expenses associated with generating and fulfilling orders.”\n\nWhat does this all mean? The traditional meaning of gross profit is meant to represent the incremental profit from each dollar sold by the business. DASH’s contribution profit can be considered to be its true gross profit because it takes into account, among other things, the sales and marketing expenses associated with each sale. The typical tech company that I cover has gross profit margin upwards of 65%. There, the high gross margin suggests that operating leverage may eventually pave the way for strong profits in the future, even if the companies are not currently profitable. DASH’s contribution profit margin is a mere 23.7%, suggesting that the path to profitability will bemuchharder than tech peers.\nDASH guided for this upcoming year to see Marketplace GOV of $30 billion to $33 billion, up 28% from $24.7 billion in 2020. I estimate this to equate to roughly $3.7 billion in revenue. At recent prices, DASH trades at 17 times forward revenues, which is rich but at first not obviously bubbly in light of the 28% growth rate. However, price to sales is meaningless for DASH because of its low gross margins. I estimate that DASH will earn $877 million in contribution profit in 2021.\nDASH trades at 73 times that number, which makes no sense in comparison to the 23.7% growth rate. It is very rare to see tech companies (with high gross margins) trading at a price to sales multiple even equivalent to their growth rate. I consider such multiples to be bubbly. Yet DASH would trade at $54 per share if it traded at 23.7 times forward contribution profits. Shares have 70% downside to that price.\nConclusion\n2020 was a year in which many tech stocks proved the naysayers wrong. Wall Street appears to have become comfortable purchasing stocks of unprofitable tech companies because operating leverage may lead to high profits in the future. Not all tech companies are created equal - DASH’s low effective gross margins suggest that on a comparable basis, its valuation is much more expensive than it looks.\nEven if all the projected contribution profit growth flows directly to the bottom line, then DASH would still earn only $75 million in adjusted net income (that’s after excluding stock-based compensation). Shares trade at 746 times that number. While I am in general comfortable with paying a fair multiple for high quality tech companies, DASH appears to be the poster child of the tech bubble.","news_type":1},"isVote":1,"tweetType":1,"viewCount":75,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":353603677,"gmtCreate":1616487909999,"gmtModify":1634525572416,"author":{"id":"3569894447597850","authorId":"3569894447597850","name":"BOTAKYAP","avatar":"https://static.tigerbbs.com/335356fded8c7d08f8ee1bbe18b6f105","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Good opportunity&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","listText":"Good opportunity&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","text":"Good opportunity [财迷] [财迷] [财迷] [财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/353603677","repostId":"1152208353","repostType":4,"repost":{"id":"1152208353","pubTimestamp":1616487604,"share":"https://www.laohu8.com/m/news/1152208353?lang=&edition=full","pubTime":"2021-03-23 16:20","market":"us","language":"en","title":"Short and Hot: How Investors Can Play This Economic Cycle","url":"https://stock-news.laohu8.com/highlight/detail?id=1152208353","media":"Barrons","summary":"Whether or not the current economic cycle is a new one–as opposed to a continuation of the pre-Covid","content":"<p>Whether or not the current economic cycle is a new one–as opposed to a continuation of the pre-Covid cycle–isn’t just a question for the wonks.</p><p>As the pandemic brought the global economy to a sudden stop and extraordinary fiscal and monetary responses drove a rapid recovery, some argue that both were so fast that conditions never reset in the way they usually do during recessions, says Morgan Stanley’s chief cross-asset strategist Andrew Sheets.</p><p>But looking back over the last three U.S. recessions, Sheets says there are several key similarities from April 2020 to those past periods when what he calls normal early-cycle investment strategies have worked well. All three were similarly preceded by high consumer confidence, low unemployment, and declining equity market breadth. He notes that corporate default rates since April have been similar to other recessions when measured on a rolling two-year basis.</p><p>“If it walks like a new cycle and talks like a new cycle, we think that investors should treat it like a new cycle,” says Sheets.</p><p>There’s a practical reason why investors might make the distinction.</p><p>Assuming we are in fact in a new economic cycle, it’s crucial to consider how this one is different from those that have come before–even if there are plenty of similarities. “While this cycle has so far followed many ‘normal’ patterns, its evolution could be unique,” Sheets says, suggesting this cycle could burn unusually hot and require earlier-than-usual repositioning by investors.</p><p>In particular, U.S. small-cap (versus large-cap) equities, copper (versus gold) and corporate credit are all strategies that Morgan Stanley has liked given historically strong performances following recessions. But all do less well as the cycle extends, Sheets says, noting his firm’s recent downgrade of U.S. small-caps as it looks to exit some early-cycle strategies.</p><p>The same holds true for regional leadership. Emerging market equities historically do best following a recession, but then lag behind, Sheets says.</p><p>As for the dynamics behind a hot and short economic cycle, there are several factors at play.&nbsp;First, there are the simultaneous record levels of fiscal and monetary stimulus. There’s the very high rate of savings in the U.S., Europe and China (evident across households as well as on corporate balance sheets) and the belief that such lofty cash cushions boost spending as vaccinations roll out and consumers resume some normal activities. Then there is the labor market, which economists at Morgan Stanley says is primed for “an unusually fast” normalization as outstanding job losses are concentrated in sectors most tied to Covid-19 and thus vaccine distribution.</p><p>Then there is the labor market, which economists at Morgan Stanley say is primed for “an unusually fast” normalization as outstanding job losses are concentrated in sectors most tied to Covid-19 and thus vaccine distribution.</p><p><img src=\"https://static.tigerbbs.com/97b8730a1b20c60729eda19ca37bd0c4\" tg-width=\"1057\" tg-height=\"954\"></p><p>Last, Sheets points to the future path of policy. Global central banks continue to signal a strong commitment to extremely accommodative policy, with the U.S. Federal Reserve reiterating last week that it would tolerate some degree of above-2% inflation for some period of time in order to help the labor market and broader economy recover. Fed Chairman Jerome Powell has continued to suggest the Fed won’t raise rates before 2024.</p><p>At the same time, Sheets says, governments are showing little desire to raise taxes or cut spending. Taken together, these stances suggest a hotter cycle that is less likely to be restrained by policy tightening than the previous expansions, he says.</p><p>For all of those reasons, Morgan Stanley economists think that growth and inflation will exceed expectations over the next two years. “But just like in the cosmos, what burns hotter may also burn shorter,” more closely resembling expansions in the late 1940s or 1950s than the recoveries of the past 40 years, Sheets says.</p><p>The upshot? Short cycles can still mean good growth and multiyear expansions, Sheets says, reminding investors of a solid 4% U.S. growth rate between 1947 and 1960, despite recessions in 1948, 1953, 1957, and 1960. But this time, investors need to be more nimble; if this cycle does indeed burn hotter and shorter, investors need to already start thinking about rotating out of early-cycle winners, Sheets says.</p><p>All the while, investors need to be prepared for conditions to run too hot. How hot is too hot is the big question, as central bankers avoid committing to specifics and instead broadly suggest there is plenty of room to run before even thinking about tightening monetary policy.</p><p>To keep a finger on that pulse, Sheets suggests following the U.S. breakeven expectations curve, which, at the moment, is reflecting a modest overshoot of inflation over the next several years, followed by lower levels of inflation.</p><p>“That would appear to be exactly what the Fed hopes to deliver, wrapped up neatly with a nice little bow,” Sheets says. As long as that curve remains inverted, the market is signaling that inflationary pressure will be transitory, and there is little need for central banks to sharply change tack, he says.&nbsp;Maybe this is correct. Or maybe it’s not, meaning investors should be ready to readjust earlier than the conventional wisdom might predict.</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>Short and Hot: How Investors Can Play This Economic Cycle</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\">\nShort and Hot: How Investors Can Play This Economic Cycle\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-23 16:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/short-and-hot-how-investors-can-play-this-economic-cycle-51616445337?mod=hp_LEAD_1><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Whether or not the current economic cycle is a new one–as opposed to a continuation of the pre-Covid cycle–isn’t just a question for the wonks.As the pandemic brought the global economy to a sudden ...</p>\n\n<a href=\"https://www.barrons.com/articles/short-and-hot-how-investors-can-play-this-economic-cycle-51616445337?mod=hp_LEAD_1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.barrons.com/articles/short-and-hot-how-investors-can-play-this-economic-cycle-51616445337?mod=hp_LEAD_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1152208353","content_text":"Whether or not the current economic cycle is a new one–as opposed to a continuation of the pre-Covid cycle–isn’t just a question for the wonks.As the pandemic brought the global economy to a sudden stop and extraordinary fiscal and monetary responses drove a rapid recovery, some argue that both were so fast that conditions never reset in the way they usually do during recessions, says Morgan Stanley’s chief cross-asset strategist Andrew Sheets.But looking back over the last three U.S. recessions, Sheets says there are several key similarities from April 2020 to those past periods when what he calls normal early-cycle investment strategies have worked well. All three were similarly preceded by high consumer confidence, low unemployment, and declining equity market breadth. He notes that corporate default rates since April have been similar to other recessions when measured on a rolling two-year basis.“If it walks like a new cycle and talks like a new cycle, we think that investors should treat it like a new cycle,” says Sheets.There’s a practical reason why investors might make the distinction.Assuming we are in fact in a new economic cycle, it’s crucial to consider how this one is different from those that have come before–even if there are plenty of similarities. “While this cycle has so far followed many ‘normal’ patterns, its evolution could be unique,” Sheets says, suggesting this cycle could burn unusually hot and require earlier-than-usual repositioning by investors.In particular, U.S. small-cap (versus large-cap) equities, copper (versus gold) and corporate credit are all strategies that Morgan Stanley has liked given historically strong performances following recessions. But all do less well as the cycle extends, Sheets says, noting his firm’s recent downgrade of U.S. small-caps as it looks to exit some early-cycle strategies.The same holds true for regional leadership. Emerging market equities historically do best following a recession, but then lag behind, Sheets says.As for the dynamics behind a hot and short economic cycle, there are several factors at play. First, there are the simultaneous record levels of fiscal and monetary stimulus. There’s the very high rate of savings in the U.S., Europe and China (evident across households as well as on corporate balance sheets) and the belief that such lofty cash cushions boost spending as vaccinations roll out and consumers resume some normal activities. Then there is the labor market, which economists at Morgan Stanley says is primed for “an unusually fast” normalization as outstanding job losses are concentrated in sectors most tied to Covid-19 and thus vaccine distribution.Then there is the labor market, which economists at Morgan Stanley say is primed for “an unusually fast” normalization as outstanding job losses are concentrated in sectors most tied to Covid-19 and thus vaccine distribution.Last, Sheets points to the future path of policy. Global central banks continue to signal a strong commitment to extremely accommodative policy, with the U.S. Federal Reserve reiterating last week that it would tolerate some degree of above-2% inflation for some period of time in order to help the labor market and broader economy recover. Fed Chairman Jerome Powell has continued to suggest the Fed won’t raise rates before 2024.At the same time, Sheets says, governments are showing little desire to raise taxes or cut spending. Taken together, these stances suggest a hotter cycle that is less likely to be restrained by policy tightening than the previous expansions, he says.For all of those reasons, Morgan Stanley economists think that growth and inflation will exceed expectations over the next two years. “But just like in the cosmos, what burns hotter may also burn shorter,” more closely resembling expansions in the late 1940s or 1950s than the recoveries of the past 40 years, Sheets says.The upshot? Short cycles can still mean good growth and multiyear expansions, Sheets says, reminding investors of a solid 4% U.S. growth rate between 1947 and 1960, despite recessions in 1948, 1953, 1957, and 1960. But this time, investors need to be more nimble; if this cycle does indeed burn hotter and shorter, investors need to already start thinking about rotating out of early-cycle winners, Sheets says.All the while, investors need to be prepared for conditions to run too hot. How hot is too hot is the big question, as central bankers avoid committing to specifics and instead broadly suggest there is plenty of room to run before even thinking about tightening monetary policy.To keep a finger on that pulse, Sheets suggests following the U.S. breakeven expectations curve, which, at the moment, is reflecting a modest overshoot of inflation over the next several years, followed by lower levels of inflation.“That would appear to be exactly what the Fed hopes to deliver, wrapped up neatly with a nice little bow,” Sheets says. As long as that curve remains inverted, the market is signaling that inflationary pressure will be transitory, and there is little need for central banks to sharply change tack, he says. Maybe this is correct. Or maybe it’s not, meaning investors should be ready to readjust earlier than the conventional wisdom might predict.","news_type":1},"isVote":1,"tweetType":1,"viewCount":621,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":361362802,"gmtCreate":1614207448806,"gmtModify":1634550749135,"author":{"id":"3569894447597850","authorId":"3569894447597850","name":"BOTAKYAP","avatar":"https://static.tigerbbs.com/335356fded8c7d08f8ee1bbe18b6f105","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","listText":"[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","text":"[财迷] [财迷] [财迷] [财迷] [财迷] [财迷] [财迷] [财迷] [财迷] [财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/361362802","repostId":"1197533827","repostType":4,"repost":{"id":"1197533827","pubTimestamp":1614160523,"share":"https://www.laohu8.com/m/news/1197533827?lang=&edition=full","pubTime":"2021-02-24 17:55","market":"us","language":"en","title":"The days of easy money in the stock market are now over","url":"https://stock-news.laohu8.com/highlight/detail?id=1197533827","media":"MarketWatch","summary":"Get ready for a return to normal. Lucid’s SPAC and ARK Invest’s ETFs carry the whiff of the late-199","content":"<p>Get ready for a return to normal. Lucid’s SPAC and ARK Invest’s ETFs carry the whiff of the late-1990s technology bubble.</p>\n<p>Ignore stock valuations and companies’ fundamentals at your peril.</p>\n<p>Churchill Capital Corp. ,a special purpose acquisition company (SPAC) that had been rumored to merge with a Tesla-wannabe, Lucid Motors, finally announced Monday night that it is indeed going to do so. And in a classic Wall Street reaction, the market “sold the news” after long having “bought the rumor.”</p>\n<p>CCIV was up 500% from when it went public as a blank-check company, and today the stock market has wiped half of what its market value was perceived to be Monday at noon. This is a stock that I had warned about earlier this month as one of the many “Random Number Generators” (RNGs) that should be avoided. People and institutions who had for weeks been buying CCIV at $40, $50, $60 or even $70 per share have suddenly seen a huge wipeout of value.</p>\n<p>They’re now, maybe, looking around at their other RNG SPACs and wondering if they should actually look at the valuations.</p>\n<p>Reviewing this week’s ugly stock-market action in a broader context, you might note that Tesla Inc.&nbsp;at $900 — after the company reported a not-so-great quarter that included some questions about gross margin expansion — is looking like it could have been a top-maker itself.</p>\n<p>Many questionable EV stocks continued to rally for a week or two before getting their comeuppance this week. At least for a day or two. It will be interesting to look back in a month to see what the non-TSLA EV stocks do from here. I expect most to move much lower even than today’s quotes, which are much lower than last week’s quotes.</p>\n<p><b>Piling into ARK</b></p>\n<p>These days everybody wants to be Cathie Wood from ARK Invest. She was an early bull on Tesla and bitcoinBTCUSD,6.03%and some of the the other themes that long-time followers of mine and I got into even earlier than she did. Her actively managed ETF, ARK Innovation ETF&nbsp;being the most famous, has performed very well, and her commentary has been spot on for a couple years now.</p>\n<p>But I have bad news. Even as I am a fan of Cathie’s and wish her and her investors all the best, I can’t help but think of the story of George Gilder, with whom I’ve become friends in the decades since&nbsp;I wrote this in 2001 for TheStreet.com.&nbsp;(I just realized this article was published just two weeks after 9/11.):</p>\n<p><i>“Investors need to heed a few rules when evaluating companies in their portfolio: Cash is king, as cash flow becomes increasingly difficult to judge on an ongoing basis. As such, a simple glance at a company’s balance sheet can tell you a lot about whether it’s worthy of investment. Now that the huge daily run-ups of telco stocks are gone forever, the potential rewards of any business with questionable viability aren’t worth the risk of your capital. Look for real revenue on the books. As tech guru George Gilder and his followers have learned (at least, I hope they have by now), great technology doesn’t translate into a great investment. Companies need sales channels, and they need products for which there are immediate uses. You might be surprised that I didn’t mention profitability in that list. Profitability is naturally important, but even companies like Cisco probably won’t be profitable this quarter and perhaps for several more, as they’ll have to continue aligning capacity, employees and inventory with demand.</i></p>\n<p><i>Let me repeat the caveat here: You’ll never see the type of returns, at least in telecom and telecom-tech stocks, that we saw almost daily in the late 1990s. That’s another reason why these tech mutual fund guys, who keep preaching to stay the course, will take forever to get back to even.”</i></p>\n<p><b>The hangover</b></p>\n<p>Telecom and telecom-tech stocks never again saw the kind of returns they did back in the late 1990s. I think the same can be said of EV stocks and many other of the favorites that Cathie Wood and her crowd of blind followers are these days plowing into as they put their money to work regardless of valuations.</p>\n<p>Here’s what George had to say&nbsp;in 2002:</p>\n<p><i>“In retrospect, it’s obvious that I should’ve subtly said, ‘Hey, things have gotten out of hand at JDS Uniphase, and it’s not worth what you’d have to pay for it,’” he says. Each month, he thought about providing a warning to his subscribers, and he decided against it every time. He had witnessed firsthand what others had dubbed the “Gilder effect”: the steep spike in a stock after he added that company to his list. It wasn’t unheard of for the price of a stock to jump by more than 50 percent within an hour of a newsletter’s release. If I had said, ‘Hey, this is a top, you should all sell,’ it would’ve been a cataclysmic event,” he says. “I’d think about telling people that they should sell half their holdings, and each time I’d conclude that my subscribers would be enraged. I also wondered what I’d precipitate if I did it.” Fully 50 percent of his readers had signed up for the report at what Gilder now calls the “hysterical peak” of the market. “Half of my subscribers would have been eternally grateful [for a warning], but the other half – the new ones – would’ve been enraged because they had just come in,” he says. “It was quite terrifying. I really didn’t know what to do.” In the end he did nothing. And soon enough, he had an entirely new set of distractions to fret over. “In the past, we’d sell out our investor conferences within two weeks,” Gilder says. “But in 2001, we sent out the same literature and the same invitations, and five or seven people signed up.” He lost the deposits that were placed to reserve hotel space for the gatherings. Newsletter renewal rates plummeted. A huge tax bill came due. By spring 2002, he’d laid off nearly half of his staff. “You can be just fabulously flush one moment, and then the next, you can’t make that last million-dollar payment to your partners, and there’s suddenly a lien on your house,” he says.</i></p>\n<p>Many of the best stocks on George’s list at the top in 1999 ended up going down 99% or more. Many went to zero, even as their technologies and ideas carried on and built the internet we all use every day now.</p>\n<p>CCIV is likely a harbinger of more pain for those who ignore valuations and fundamentals.</p>","source":"market_watch","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The days of easy money in the stock market are now over</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 days of easy money in the stock market are now over\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-24 17:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/the-days-of-easy-money-in-the-stock-market-are-now-over-11614104263?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Get ready for a return to normal. Lucid’s SPAC and ARK Invest’s ETFs carry the whiff of the late-1990s technology bubble.\nIgnore stock valuations and companies’ fundamentals at your peril.\nChurchill ...</p>\n\n<a href=\"https://www.marketwatch.com/story/the-days-of-easy-money-in-the-stock-market-are-now-over-11614104263?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯","ARKK":"ARK Innovation ETF","TSLA":"特斯拉",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.marketwatch.com/story/the-days-of-easy-money-in-the-stock-market-are-now-over-11614104263?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1197533827","content_text":"Get ready for a return to normal. Lucid’s SPAC and ARK Invest’s ETFs carry the whiff of the late-1990s technology bubble.\nIgnore stock valuations and companies’ fundamentals at your peril.\nChurchill Capital Corp. ,a special purpose acquisition company (SPAC) that had been rumored to merge with a Tesla-wannabe, Lucid Motors, finally announced Monday night that it is indeed going to do so. And in a classic Wall Street reaction, the market “sold the news” after long having “bought the rumor.”\nCCIV was up 500% from when it went public as a blank-check company, and today the stock market has wiped half of what its market value was perceived to be Monday at noon. This is a stock that I had warned about earlier this month as one of the many “Random Number Generators” (RNGs) that should be avoided. People and institutions who had for weeks been buying CCIV at $40, $50, $60 or even $70 per share have suddenly seen a huge wipeout of value.\nThey’re now, maybe, looking around at their other RNG SPACs and wondering if they should actually look at the valuations.\nReviewing this week’s ugly stock-market action in a broader context, you might note that Tesla Inc. at $900 — after the company reported a not-so-great quarter that included some questions about gross margin expansion — is looking like it could have been a top-maker itself.\nMany questionable EV stocks continued to rally for a week or two before getting their comeuppance this week. At least for a day or two. It will be interesting to look back in a month to see what the non-TSLA EV stocks do from here. I expect most to move much lower even than today’s quotes, which are much lower than last week’s quotes.\nPiling into ARK\nThese days everybody wants to be Cathie Wood from ARK Invest. She was an early bull on Tesla and bitcoinBTCUSD,6.03%and some of the the other themes that long-time followers of mine and I got into even earlier than she did. Her actively managed ETF, ARK Innovation ETF being the most famous, has performed very well, and her commentary has been spot on for a couple years now.\nBut I have bad news. Even as I am a fan of Cathie’s and wish her and her investors all the best, I can’t help but think of the story of George Gilder, with whom I’ve become friends in the decades since I wrote this in 2001 for TheStreet.com. (I just realized this article was published just two weeks after 9/11.):\n“Investors need to heed a few rules when evaluating companies in their portfolio: Cash is king, as cash flow becomes increasingly difficult to judge on an ongoing basis. As such, a simple glance at a company’s balance sheet can tell you a lot about whether it’s worthy of investment. Now that the huge daily run-ups of telco stocks are gone forever, the potential rewards of any business with questionable viability aren’t worth the risk of your capital. Look for real revenue on the books. As tech guru George Gilder and his followers have learned (at least, I hope they have by now), great technology doesn’t translate into a great investment. Companies need sales channels, and they need products for which there are immediate uses. You might be surprised that I didn’t mention profitability in that list. Profitability is naturally important, but even companies like Cisco probably won’t be profitable this quarter and perhaps for several more, as they’ll have to continue aligning capacity, employees and inventory with demand.\nLet me repeat the caveat here: You’ll never see the type of returns, at least in telecom and telecom-tech stocks, that we saw almost daily in the late 1990s. That’s another reason why these tech mutual fund guys, who keep preaching to stay the course, will take forever to get back to even.”\nThe hangover\nTelecom and telecom-tech stocks never again saw the kind of returns they did back in the late 1990s. I think the same can be said of EV stocks and many other of the favorites that Cathie Wood and her crowd of blind followers are these days plowing into as they put their money to work regardless of valuations.\nHere’s what George had to say in 2002:\n“In retrospect, it’s obvious that I should’ve subtly said, ‘Hey, things have gotten out of hand at JDS Uniphase, and it’s not worth what you’d have to pay for it,’” he says. Each month, he thought about providing a warning to his subscribers, and he decided against it every time. He had witnessed firsthand what others had dubbed the “Gilder effect”: the steep spike in a stock after he added that company to his list. It wasn’t unheard of for the price of a stock to jump by more than 50 percent within an hour of a newsletter’s release. If I had said, ‘Hey, this is a top, you should all sell,’ it would’ve been a cataclysmic event,” he says. “I’d think about telling people that they should sell half their holdings, and each time I’d conclude that my subscribers would be enraged. I also wondered what I’d precipitate if I did it.” Fully 50 percent of his readers had signed up for the report at what Gilder now calls the “hysterical peak” of the market. “Half of my subscribers would have been eternally grateful [for a warning], but the other half – the new ones – would’ve been enraged because they had just come in,” he says. “It was quite terrifying. I really didn’t know what to do.” In the end he did nothing. And soon enough, he had an entirely new set of distractions to fret over. “In the past, we’d sell out our investor conferences within two weeks,” Gilder says. “But in 2001, we sent out the same literature and the same invitations, and five or seven people signed up.” He lost the deposits that were placed to reserve hotel space for the gatherings. Newsletter renewal rates plummeted. A huge tax bill came due. By spring 2002, he’d laid off nearly half of his staff. “You can be just fabulously flush one moment, and then the next, you can’t make that last million-dollar payment to your partners, and there’s suddenly a lien on your house,” he says.\nMany of the best stocks on George’s list at the top in 1999 ended up going down 99% or more. Many went to zero, even as their technologies and ideas carried on and built the internet we all use every day now.\nCCIV is likely a harbinger of more pain for those who ignore valuations and fundamentals.","news_type":1},"isVote":1,"tweetType":1,"viewCount":180,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":356543132,"gmtCreate":1616801636626,"gmtModify":1634523961821,"author":{"id":"3569894447597850","authorId":"3569894447597850","name":"BOTAKYAP","avatar":"https://static.tigerbbs.com/335356fded8c7d08f8ee1bbe18b6f105","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Good opportunity&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","listText":"Good opportunity&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","text":"Good opportunity [财迷] [财迷] [财迷] [财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/356543132","repostId":"1111192234","repostType":4,"repost":{"id":"1111192234","pubTimestamp":1616772179,"share":"https://www.laohu8.com/m/news/1111192234?lang=&edition=full","pubTime":"2021-03-26 23:22","market":"us","language":"en","title":"Tesla Deliveries Are Coming. They Matter More Than Ever. Here’s What to Expect.","url":"https://stock-news.laohu8.com/highlight/detail?id=1111192234","media":"Barrons","summary":"The first quarter ends in just a few days. That means more delivery data from auto makers is due. For investors, the figures will be higher stakes than usual. The reason is simple: The global automotive microchip shortage is roiling the entire car business.Numbers will matter even more for richly valued, high-growth companies such as Tesla. Tesla investors want growth, and the chip situation is squeezing growth. Both General Motors and Ford Motor have taken unexpected plant downtime recently and","content":"<p>The first quarter ends in just a few days. That means more delivery data from auto makers is due. For investors, the figures will be higher stakes than usual. The reason is simple: The global automotive microchip shortage is roiling the entire car business.</p>\n<p>Numbers will matter even more for richly valued, high-growth companies such as&nbsp;Tesla(ticker: TSLA). Tesla investors want growth, and the chip situation is squeezing growth. Both&nbsp;General Motors(GM) and&nbsp;Ford Motor(F) have taken unexpected plant downtime recently and have called the chip issue a billion-dollar profit headwind for 2021. That’s not what investors want to hear.</p>\n<p>Everyone is aware of the issue. Still, when first-quarter data is released, investors have to decide whether or not to give Tesla, or any other fast-growing EV maker, a pass if results are weaker than expected.</p>\n<p>So far the market isn’t feeling charitable. But the sample size is only one stock.</p>\n<p>NIO&nbsp;shares (NIO) are down more than 6% in Friday trading after the EV maker&nbsp;reduced guidance&nbsp;for first-quarter deliveries from about 20,250 cars to about 19,500. NIO management cited the chip shortage and is shutting a manufacturing plant for five days starting March 29.</p>\n<p>For Tesla, Wall Street is looking for about 162,000 vehicles delivered in March. That’s down from a peak estimate of about 183,000 vehicles. Analysts seem to be reducing numbers, possibly because of the shortage.</p>\n<p>Tesla delivered about 181,000 vehicles in the&nbsp;fourth quarter. For the full year 2021, analysts are looking for almost 800,000 vehicle deliveries, up about 60% year over year.</p>\n<p>RBC analyst&nbsp;Joe Spak&nbsp;is forecasting 170,000 first-quarter deliveries, up more than 90% year over year. He also forecasts Tesla will make 96,000 cars in California and 74,000 cars in China during the quarter. “Consensus [estimate] looks mostly reasonable,” wrote Spak in a Thursday report. “We do look for updates to see how the semi shortage is impacting&nbsp;Tesla—as it has the rest of the industry.” He sees some additional downside risk to estimates, especially for second-quarter numbers, because of chips.</p>\n<p>Spak rates Tesla stock Hold and has a $725 price target for shares.</p>\n<p>In the case of Tesla stock, the chip shortage has taken a back seat to rising interest rates. Rising rateshit growth stocksin two main ways. For starters, it makes growth more expensive to finance. NIO isn’t profitable yet. High-growth companies generate most of their cash flow far in the future. That cash flow is worth a little less, relatively speaking, when investors can earn higher interest rates on their cash today.</p>\n<p>Tesla stock is down roughly 10% year to date after rising more than 740% in 2020. Shares are down 0.9% in early Friday trading, at $634.40. The&nbsp;S&amp;P 500is up about 0.7%.</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>Tesla Deliveries Are Coming. They Matter More Than Ever. Here’s What to Expect.</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\">\nTesla Deliveries Are Coming. They Matter More Than Ever. Here’s What to Expect.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-26 23:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/tesla-deliveries-are-coming-they-matter-more-than-ever-heres-what-to-expect-51616769819?mod=hp_DAY_Theme_1_3><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The first quarter ends in just a few days. That means more delivery data from auto makers is due. For investors, the figures will be higher stakes than usual. The reason is simple: The global ...</p>\n\n<a href=\"https://www.barrons.com/articles/tesla-deliveries-are-coming-they-matter-more-than-ever-heres-what-to-expect-51616769819?mod=hp_DAY_Theme_1_3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.barrons.com/articles/tesla-deliveries-are-coming-they-matter-more-than-ever-heres-what-to-expect-51616769819?mod=hp_DAY_Theme_1_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111192234","content_text":"The first quarter ends in just a few days. That means more delivery data from auto makers is due. For investors, the figures will be higher stakes than usual. The reason is simple: The global automotive microchip shortage is roiling the entire car business.\nNumbers will matter even more for richly valued, high-growth companies such as Tesla(ticker: TSLA). Tesla investors want growth, and the chip situation is squeezing growth. Both General Motors(GM) and Ford Motor(F) have taken unexpected plant downtime recently and have called the chip issue a billion-dollar profit headwind for 2021. That’s not what investors want to hear.\nEveryone is aware of the issue. Still, when first-quarter data is released, investors have to decide whether or not to give Tesla, or any other fast-growing EV maker, a pass if results are weaker than expected.\nSo far the market isn’t feeling charitable. But the sample size is only one stock.\nNIO shares (NIO) are down more than 6% in Friday trading after the EV maker reduced guidance for first-quarter deliveries from about 20,250 cars to about 19,500. NIO management cited the chip shortage and is shutting a manufacturing plant for five days starting March 29.\nFor Tesla, Wall Street is looking for about 162,000 vehicles delivered in March. That’s down from a peak estimate of about 183,000 vehicles. Analysts seem to be reducing numbers, possibly because of the shortage.\nTesla delivered about 181,000 vehicles in the fourth quarter. For the full year 2021, analysts are looking for almost 800,000 vehicle deliveries, up about 60% year over year.\nRBC analyst Joe Spak is forecasting 170,000 first-quarter deliveries, up more than 90% year over year. He also forecasts Tesla will make 96,000 cars in California and 74,000 cars in China during the quarter. “Consensus [estimate] looks mostly reasonable,” wrote Spak in a Thursday report. “We do look for updates to see how the semi shortage is impacting Tesla—as it has the rest of the industry.” He sees some additional downside risk to estimates, especially for second-quarter numbers, because of chips.\nSpak rates Tesla stock Hold and has a $725 price target for shares.\nIn the case of Tesla stock, the chip shortage has taken a back seat to rising interest rates. Rising rateshit growth stocksin two main ways. For starters, it makes growth more expensive to finance. NIO isn’t profitable yet. High-growth companies generate most of their cash flow far in the future. That cash flow is worth a little less, relatively speaking, when investors can earn higher interest rates on their cash today.\nTesla stock is down roughly 10% year to date after rising more than 740% in 2020. Shares are down 0.9% in early Friday trading, at $634.40. The S&P 500is up about 0.7%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":631,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":356935673,"gmtCreate":1616747835292,"gmtModify":1634524221817,"author":{"id":"3569894447597850","authorId":"3569894447597850","name":"BOTAKYAP","avatar":"https://static.tigerbbs.com/335356fded8c7d08f8ee1bbe18b6f105","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Good opportunity&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","listText":"Good opportunity&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","text":"Good opportunity [财迷] [财迷] [财迷] [财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/356935673","repostId":"1188307475","repostType":4,"isVote":1,"tweetType":1,"viewCount":502,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":327186436,"gmtCreate":1616070224125,"gmtModify":1634527402323,"author":{"id":"3569894447597850","authorId":"3569894447597850","name":"BOTAKYAP","avatar":"https://static.tigerbbs.com/335356fded8c7d08f8ee1bbe18b6f105","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Good opportunity&nbsp;[财迷]&nbsp;[财迷]&nbsp;","listText":"Good opportunity&nbsp;[财迷]&nbsp;[财迷]&nbsp;","text":"Good opportunity [财迷] [财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/327186436","repostId":"1126528554","repostType":4,"repost":{"id":"1126528554","pubTimestamp":1616070017,"share":"https://www.laohu8.com/m/news/1126528554?lang=&edition=full","pubTime":"2021-03-18 20:20","market":"us","language":"en","title":"7 Reasons to Avoid the Reddit Stocks Like the Plague","url":"https://stock-news.laohu8.com/highlight/detail?id=1126528554","media":"Motley Fool","summary":"GameStop, AMC, Sundial, and many more Reddit stocks are bad news for investors.No matter how long yo","content":"<blockquote><b>GameStop, AMC, Sundial, and many more Reddit stocks are bad news for investors.</b></blockquote><p>No matter how long you've been investing, there's always something new to see. Last year, investors witnessed the fastest bear market decline of at least 30% in the<b>S&amp;P 500</b>'s history, as well as West Texas Intermediate crude oil futures plunging deeply (but briefly) into negative territory. This year, it's beenall about the Reddit frenzy.</p><p>Without getting too far into the weeds, retail investors -- many of whom are young or novice investors -- on Reddit's WallStreetBets (WSB) community chatroom have effectively banded together to purchase shares and out-of-the-money call options on stocks with high levels of short interest. The goal of these WSB traders is to effect a short squeeze, which only fuels the upside in a momentum stock. Since most big short-sellers are institutional investors or hedge funds, the Reddit frenzy is being viewed as a battle between retail investors and the \"big money.\"</p><p>While a number of Reddit stocks have skyrocketed, the vast majority are extremely dangerous investments. Here are seven sound reasons to avoid the Reddit stocks like the plague.</p><p><b>1. They've detached from their underlying fundamentals</b></p><p>Arguably the biggest problem with the Reddit-stock rally is that there's no way to justify the underlying fundamentals for these companies.</p><p>Take video game and accessories retailer<b>GameStop</b>(NYSE:GME)as the perfect example. Though its e-commerce sales during the 2020 holiday season catapulted 309%,total sales still declined by 3%as a result of the company shuttering 11% of its stores. After waiting far too long to focus on digital gaming, GameStop's game plan is pretty much to close physical locations in an effort to cut costs and backpedal its way into profitability.</p><p>Then there's headphone, headset, and Bluetooth speaker-manufacturer<b>Koss</b>(NASDAQ:KOSS). After consistently trading at 0.5 to 1.1 times sales over the last decade, Koss is now valued at an estimated 11 to 12 times sales. Mind you, this is a company operating in a highly commoditized and generally low-margin industry that's lost money in three of the past four years. There'sno way to justify its valuation.</p><p><b>2. They're often serial diluters</b></p><p>When questionable stocks take off, you can usually count on the management teams behind these companies to use this gift as an opportunity to raise capital. In layman's terms, this means shareholders are forced to deal with dilution.</p><p>Canadianmarijuana stock<b>Sundial Growers</b>(NASDAQ:SNDL)has raised more than $600 million in cash in a very short time frame. However, the numerous registered direct offerings, at-the-market offerings, and debt-to-equity swaps it undertookincreased its outstanding share countby approximately 1.15 billion shares in five months. Sundial's board also recently OK'd another mixed-shelf offering that would allow it to sell up to $1 billion in securities over time.</p><p>Even if Sundial were to somehow become profitable and effectively put its cash to work, it'll be almost impossible for the company to generate a meaningful per-share profit with 1.66 billion shares outstanding. Without a reverse split, Sundial could regularly flirt with delisting.</p><p><b>3. They usually lose money</b></p><p>A common theme among the Reddit stocks is that most aren't anywhere close to profitability. For instance, intimate apparel and swimwear retailer<b>Naked Brand Group</b>(NASDAQ:NAKD)has been popular both for its high level of short interest and its penny stock share price.</p><p>However, one thing you're not going to find with this company is profits.Sales have been on the decline since 2018, and the company hasn't produced a full-year profit in at least a half-decade. While it's possible Naked Brands' shift to an e-commerce-focused model could help lower its overhead enough to make it profitable, it's far from a guarantee. The retail space is highly competitive, and even successful retailers sport only modest operating margins, at best.</p><p>It's worth pointing out that GameStop and Sundial are losing quite a bit of money, too -- as are most of the other Reddit stocks I'll be mentioning below.</p><p><b>4. Some lack innovation</b></p><p>Another issue with some of the Reddit stocks is that they lack true innovation. This can be seen in cryptocurrency miners<b>Riot Blockchain</b>(NASDAQ:RIOT)and<b>Marathon Digital Holdings</b>(NASDAQ:MARA), which have both been popular stocks within the WSB community.</p><p>Thesecryptocurrency miningcompanies use high-powered computers to solve complex mathematical equations to validate groups of transactions (known as a block) on<b>Bitcoin</b>'s(CRYPTO:BTC)network. For doing so, they're given a block reward of 6.25 Bitcoin. That's worth close to $350,000. As the price of Bitcoin has risen, so have the share prices of Riot and Marathon Digital.</p><p>The problem with these stocks is they're completely tethered to the performance of Bitcoin. Over the last decade, the world's largest digital token plunged by 80% on three separate occasions. If that were to happen again, it's not even clear if the crypto mining operating model would survive.Devoid of innovation, Riot and Marathon are essentially crossing their proverbial fingers and hoping Bitcoin goes up.</p><p><b>5. Quite a few are penny stocks</b></p><p>Retail investors in the WSB community have also been piling intopenny stocks, some of which are heavily sold short. Though penny stocks aren't inherently bad news, the vast majority of companies with share prices below $5 are \"cheap\" for a good reason.</p><p>Veterinary healthcare company<b>Zomedica</b>(NYSEMKT:ZOM)has been an especially popular penny stock with the Reddit crowd. Zomedica first received a boost in January after<i>Tiger King</i>star Carole Baskin mentioned the stock -- a mention Baskin was compensated for -- in a video posted to YouTube. Zomedica's shares gained further traction after the company announced plans to launch its Truforma point-of-care diagnostics system at the end of March.</p><p>But up to this point, Zomedica has been a developmental-stage company with no revenue. Even after Truforma officially hits the market, Wall Street is only counting on a little north of $20 million in sales by 2023. That'speanuts compared to Zomedica's $2.4 billion valuation.</p><p><b>6. Some may not survive</b></p><p>There's also the very real possibility that some of the Reddit stocks being pumped by retail investors may not even survive.</p><p>Movie-theater chain<b>AMC Entertainment</b>(NYSE:AMC), arguably the most-popular WSB stock next to GameStop, came perilously close to filing for bankruptcy earlier this year. All that saved AMC was the issuance of nearly 165 million shares of AMC stock and more than $400 million in debt capital.</p><p>But even with this capital,it's not certain that AMC will be around in a few years. Coronavirus variants threaten to upend a return to societal norms, and select streaming services are encroaching on theaters' once-sacred space.<b>AT&amp;T</b>&nbsp;subsidiary WarnerMedia is releasing all of its movies on HBO Max this year the same day they'll hit theaters. With movie exclusivity now being called into question, AMC's best days look to be long gone.</p><p><b>7. Margin use is a concern</b></p><p>A seventh and final reason to avoid the Reddit stocks like the plague is thehigh amount of leverage being used by retail investors.</p><p>According to a Harris Poll of retail investors conducted back in September 2020, 23% had purchased options, 10% were using margin to buy equities, and another 10% were both buying equities on margin and purchasing options. In other words, 43% of all retail investors were speculating with market timing and/or using leverage in an attempt to pump up their gains.</p><p>The problem is that market timing doesn't work with any degree of accuracy over the long run, and stock prices can (and do) move in both directions. If equities get moving in the wrong direction with retail investors highly levered, it's possible we could see a number of Reddit stocks get absolutely throttled due to margin calls.</p><p>There's simply no reason for fundamentally focused, long-term investors to chase any of the Reddit stocks.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>7 Reasons to Avoid the Reddit Stocks Like the Plague</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\">\n7 Reasons to Avoid the Reddit Stocks Like the Plague\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-18 20:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/03/18/7-reasons-to-avoid-reddit-stocks-like-the-plague/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>GameStop, AMC, Sundial, and many more Reddit stocks are bad news for investors.No matter how long you've been investing, there's always something new to see. Last year, investors witnessed the fastest...</p>\n\n<a href=\"https://www.fool.com/investing/2021/03/18/7-reasons-to-avoid-reddit-stocks-like-the-plague/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.fool.com/investing/2021/03/18/7-reasons-to-avoid-reddit-stocks-like-the-plague/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126528554","content_text":"GameStop, AMC, Sundial, and many more Reddit stocks are bad news for investors.No matter how long you've been investing, there's always something new to see. Last year, investors witnessed the fastest bear market decline of at least 30% in theS&P 500's history, as well as West Texas Intermediate crude oil futures plunging deeply (but briefly) into negative territory. This year, it's beenall about the Reddit frenzy.Without getting too far into the weeds, retail investors -- many of whom are young or novice investors -- on Reddit's WallStreetBets (WSB) community chatroom have effectively banded together to purchase shares and out-of-the-money call options on stocks with high levels of short interest. The goal of these WSB traders is to effect a short squeeze, which only fuels the upside in a momentum stock. Since most big short-sellers are institutional investors or hedge funds, the Reddit frenzy is being viewed as a battle between retail investors and the \"big money.\"While a number of Reddit stocks have skyrocketed, the vast majority are extremely dangerous investments. Here are seven sound reasons to avoid the Reddit stocks like the plague.1. They've detached from their underlying fundamentalsArguably the biggest problem with the Reddit-stock rally is that there's no way to justify the underlying fundamentals for these companies.Take video game and accessories retailerGameStop(NYSE:GME)as the perfect example. Though its e-commerce sales during the 2020 holiday season catapulted 309%,total sales still declined by 3%as a result of the company shuttering 11% of its stores. After waiting far too long to focus on digital gaming, GameStop's game plan is pretty much to close physical locations in an effort to cut costs and backpedal its way into profitability.Then there's headphone, headset, and Bluetooth speaker-manufacturerKoss(NASDAQ:KOSS). After consistently trading at 0.5 to 1.1 times sales over the last decade, Koss is now valued at an estimated 11 to 12 times sales. Mind you, this is a company operating in a highly commoditized and generally low-margin industry that's lost money in three of the past four years. There'sno way to justify its valuation.2. They're often serial dilutersWhen questionable stocks take off, you can usually count on the management teams behind these companies to use this gift as an opportunity to raise capital. In layman's terms, this means shareholders are forced to deal with dilution.Canadianmarijuana stockSundial Growers(NASDAQ:SNDL)has raised more than $600 million in cash in a very short time frame. However, the numerous registered direct offerings, at-the-market offerings, and debt-to-equity swaps it undertookincreased its outstanding share countby approximately 1.15 billion shares in five months. Sundial's board also recently OK'd another mixed-shelf offering that would allow it to sell up to $1 billion in securities over time.Even if Sundial were to somehow become profitable and effectively put its cash to work, it'll be almost impossible for the company to generate a meaningful per-share profit with 1.66 billion shares outstanding. Without a reverse split, Sundial could regularly flirt with delisting.3. They usually lose moneyA common theme among the Reddit stocks is that most aren't anywhere close to profitability. For instance, intimate apparel and swimwear retailerNaked Brand Group(NASDAQ:NAKD)has been popular both for its high level of short interest and its penny stock share price.However, one thing you're not going to find with this company is profits.Sales have been on the decline since 2018, and the company hasn't produced a full-year profit in at least a half-decade. While it's possible Naked Brands' shift to an e-commerce-focused model could help lower its overhead enough to make it profitable, it's far from a guarantee. The retail space is highly competitive, and even successful retailers sport only modest operating margins, at best.It's worth pointing out that GameStop and Sundial are losing quite a bit of money, too -- as are most of the other Reddit stocks I'll be mentioning below.4. Some lack innovationAnother issue with some of the Reddit stocks is that they lack true innovation. This can be seen in cryptocurrency minersRiot Blockchain(NASDAQ:RIOT)andMarathon Digital Holdings(NASDAQ:MARA), which have both been popular stocks within the WSB community.Thesecryptocurrency miningcompanies use high-powered computers to solve complex mathematical equations to validate groups of transactions (known as a block) onBitcoin's(CRYPTO:BTC)network. For doing so, they're given a block reward of 6.25 Bitcoin. That's worth close to $350,000. As the price of Bitcoin has risen, so have the share prices of Riot and Marathon Digital.The problem with these stocks is they're completely tethered to the performance of Bitcoin. Over the last decade, the world's largest digital token plunged by 80% on three separate occasions. If that were to happen again, it's not even clear if the crypto mining operating model would survive.Devoid of innovation, Riot and Marathon are essentially crossing their proverbial fingers and hoping Bitcoin goes up.5. Quite a few are penny stocksRetail investors in the WSB community have also been piling intopenny stocks, some of which are heavily sold short. Though penny stocks aren't inherently bad news, the vast majority of companies with share prices below $5 are \"cheap\" for a good reason.Veterinary healthcare companyZomedica(NYSEMKT:ZOM)has been an especially popular penny stock with the Reddit crowd. Zomedica first received a boost in January afterTiger Kingstar Carole Baskin mentioned the stock -- a mention Baskin was compensated for -- in a video posted to YouTube. Zomedica's shares gained further traction after the company announced plans to launch its Truforma point-of-care diagnostics system at the end of March.But up to this point, Zomedica has been a developmental-stage company with no revenue. Even after Truforma officially hits the market, Wall Street is only counting on a little north of $20 million in sales by 2023. That'speanuts compared to Zomedica's $2.4 billion valuation.6. Some may not surviveThere's also the very real possibility that some of the Reddit stocks being pumped by retail investors may not even survive.Movie-theater chainAMC Entertainment(NYSE:AMC), arguably the most-popular WSB stock next to GameStop, came perilously close to filing for bankruptcy earlier this year. All that saved AMC was the issuance of nearly 165 million shares of AMC stock and more than $400 million in debt capital.But even with this capital,it's not certain that AMC will be around in a few years. Coronavirus variants threaten to upend a return to societal norms, and select streaming services are encroaching on theaters' once-sacred space.AT&T subsidiary WarnerMedia is releasing all of its movies on HBO Max this year the same day they'll hit theaters. With movie exclusivity now being called into question, AMC's best days look to be long gone.7. Margin use is a concernA seventh and final reason to avoid the Reddit stocks like the plague is thehigh amount of leverage being used by retail investors.According to a Harris Poll of retail investors conducted back in September 2020, 23% had purchased options, 10% were using margin to buy equities, and another 10% were both buying equities on margin and purchasing options. In other words, 43% of all retail investors were speculating with market timing and/or using leverage in an attempt to pump up their gains.The problem is that market timing doesn't work with any degree of accuracy over the long run, and stock prices can (and do) move in both directions. If equities get moving in the wrong direction with retail investors highly levered, it's possible we could see a number of Reddit stocks get absolutely throttled due to margin calls.There's simply no reason for fundamentally focused, long-term investors to chase any of the Reddit stocks.","news_type":1},"isVote":1,"tweetType":1,"viewCount":377,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":363201093,"gmtCreate":1614138738612,"gmtModify":1634551024771,"author":{"id":"3569894447597850","authorId":"3569894447597850","name":"BOTAKYAP","avatar":"https://static.tigerbbs.com/335356fded8c7d08f8ee1bbe18b6f105","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","listText":"[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","text":"[财迷] [财迷] [财迷] [财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/363201093","repostId":"1105441613","repostType":4,"repost":{"id":"1105441613","pubTimestamp":1614136662,"share":"https://www.laohu8.com/m/news/1105441613?lang=&edition=full","pubTime":"2021-02-24 11:17","market":"us","language":"en","title":"If you think it’s time to shift to value stocks, here are Wall Street’s favorites","url":"https://stock-news.laohu8.com/highlight/detail?id=1105441613","media":"MarketWatch","summary":"Rising interest rates and a recovery of energy prices may signal a switch for investors after a year","content":"<p>Rising interest rates and a recovery of energy prices may signal a switch for investors after a years-long appetite for growth stocks.</p>\n<p>The theme of a market pivot to value stocks from growth stocks is something you might be sick of seeing in the financial news media. But maybe this time it’s for real.</p>\n<p>If you think it is time for a strategy shift, there is a list of analysts’ favorite value stocks below.</p>\n<p>On Feb. 22, the Nasdaq Composite Index&nbsp;pulled back 2.5%, while the high-flying Nasdaq-100 Index&nbsp;sank 2.6% and the Dow Jones Industrial Average rose&nbsp;slightly.</p>\n<p>One day’s action doesn’t signal a trend, but the broad market indexes typically rise and fall together. So it was an unusual day. And if we look back three weeks through Feb. 22, the Dow was up 4.3%, while the Nasdaq rose 1% and the Nasdaq-100 was down slightly.</p>\n<p>Other factors that may favor a value approach at this time include&nbsp;increasing oil prices&nbsp;and&nbsp;rising interest rates.</p>\n<p>Rising rates means some investors, at least, are worried about inflation. And that sets up&nbsp;a friendly environment for value stocks.</p>\n<p><b>The setup — tech has led and valuations have been stretched</b></p>\n<p>The Dow, with its conservative group of 30 blue-chip stocks, including some slow-growers and even one experiencing a perennial decline in sales (International Business Machines Corp.), has underperformed the broad indexes by wide margins in recent years as rapidly growing technology companies have led the bull market.</p>\n<p>Here are five-year returns (with dividends reinvested) for the Dow, Nasdaq, Nasdaq-100 and S&amp;P 500&nbsp;indexes:</p>\n<p><img src=\"https://static.tigerbbs.com/bb600403495ecb825d761e44acc73321\" tg-width=\"930\" tg-height=\"356\"></p>\n<p>These are all remarkable figures — even for the Dow. The other indexes are all weighted by market capitalization, emphasizing the rapid growth of the FAANG stocks (Facebook Inc.,Apple Inc.,Amazon.com Inc.,Netflix Inc.&nbsp;and Google holding company Alphabet Inc.). (The Dow isn’t a “value-only index,” as its components include Apple, Microsoft Corp.&nbsp;and another notable tech grower, Salesforce.com Inc.,but it trades as one.)</p>\n<p>Now let’s take a look at growth and value. The Russell 1000 Index&nbsp;is made up of the 1,000 largest U.S. stocks weighted by market cap, with the group rebalanced once a year each June. Selected from the Russell 1000 are the Russell 1000 Growth Index,which has 453 stocks, and the Russell 1000 Value Index,which has 849 stocks. The groups overlap, with 291 stocks in both. You can read how FTSE Russell describes the makeup of its indexes.</p>\n<p>Here’s how the two groups have performed over the past five years, as represented by the iShares Russell 1000 Growth ETFand the iShares Russell 1000 Value ETF:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d5ce1c2212048ab38273b79b2358d959\" tg-width=\"1260\" tg-height=\"1077\"><span>(FACTSET)</span></p>\n<p>And here’s a comparison of the movement of their forward price-to-earnings ratios:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/92727028143946748c2d4d22f1f248f9\" tg-width=\"1260\" tg-height=\"1077\"><span>(FACTSET)</span></p>\n<p>And finally a comparison of the movement of their ratios of price to book value.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b40396189fa627384c8d6137c0adac6f\" tg-width=\"1260\" tg-height=\"1077\"><span>(FACTSET)</span></p>\n<p>For five years, the Russell 1000 Growth group has more than doubled the return of the Value group. The Growth group’s forward P/E ratio has increased to 30.9 from 16.7, while the Value group’s forward P/E has increased to 15.5 from 14.4. The Growth group’s price-to-book ratio has increased to 12.4 from 5.2, while increasing to 1.5 from 1.6 for the Value group.</p>\n<p>So the valuation ratios are up significantly for both groups, but there is no comparison in degree — Growth has been a runaway success and as a group appears to be expensive. The Growth group’s numbers are also distorted by its cap weighting. The top five stocks in the iShares Russell 1000 Growth ETF make up 33% of the portfolio, with the largest holding, Apple, weighted 10.7%. In the iShares Russell 1000 Growth ETF, the top five make up 10.5% of the portfolio, with the largest holding, Berkshire Hathaway Inc.,at 2.5%.</p>\n<p><b>Wall Street’s favorite value stocks</b></p>\n<p>Among the 849 stocks in the Russell 1000 Value Index, there are 639 with ratings from at least 11 analysts polled by FactSet. If companies with forward P/E ratios above 20 are excluded (along with those with no available forward P/E ratios, as that implies negative earnings for the combined next four reported quarters), the list is reduced to 298 stocks.</p>\n<p>Here are the 25 remaining stocks rated “buy” or the equivalent by at least 80% of analysts with the most 12-month upside potential implied by consensus price targets:</p>\n<table>\n <thead>\n  <tr>\n   <th></th>\n   <th>COMPANY</th>\n   <th>TICKER</th>\n   <th>CLOSING PRICE - FEB. 22</th>\n   <th>CONSENSUS PRICE TARGET</th>\n   <th>IMPLIED 12-MONTH UPSIDE POTENTIAL</th>\n   <th>FORWARD P/E</th>\n   <th>PRICE/ BOOK</th>\n   <th>TOTAL RETURN - 2021 THROUGH FEB. 22</th>\n   <th>SHARE 'BUY' RATINGS</th>\n  </tr>\n </thead>\n <tbody>\n  <tr>\n   <td>NRG ENERGY INC.</td>\n   <td>NRG</td>\n   <td>$36.90</td>\n   <td>$49.27</td>\n   <td>34%</td>\n   <td>7.9</td>\n   <td>4.7</td>\n   <td>-1%</td>\n   <td>83%</td>\n  </tr>\n  <tr>\n   <td>OneMain Holdings Inc.</td>\n   <td>OMF</td>\n   <td>$49.39</td>\n   <td>$63.50</td>\n   <td>29%</td>\n   <td>6.8</td>\n   <td>1.9</td>\n   <td>11%</td>\n   <td>100%</td>\n  </tr>\n  <tr>\n   <td>Lumentum Holdings Inc.</td>\n   <td>LITE</td>\n   <td>$90.00</td>\n   <td>$115.50</td>\n   <td>28%</td>\n   <td>13.9</td>\n   <td>3.5</td>\n   <td>-5%</td>\n   <td>93%</td>\n  </tr>\n  <tr>\n   <td>Berry Global Group Inc.</td>\n   <td>BERY</td>\n   <td>$56.37</td>\n   <td>$71.87</td>\n   <td>27%</td>\n   <td>9.9</td>\n   <td>3.1</td>\n   <td>0%</td>\n   <td>81%</td>\n  </tr>\n  <tr>\n   <td>Liberty Media Corp. Series A Liberty SiriusXM</td>\n   <td>LSXMA</td>\n   <td>$44.98</td>\n   <td>$57.34</td>\n   <td>27%</td>\n   <td>17.3</td>\n   <td>1.6</td>\n   <td>4%</td>\n   <td>100%</td>\n  </tr>\n  <tr>\n   <td>General Motors Company</td>\n   <td>GM</td>\n   <td>$51.98</td>\n   <td>$65.63</td>\n   <td>26%</td>\n   <td>10.0</td>\n   <td>1.6</td>\n   <td>25%</td>\n   <td>89%</td>\n  </tr>\n  <tr>\n   <td>FMC Corp.</td>\n   <td>FMC</td>\n   <td>$105.00</td>\n   <td>$132.20</td>\n   <td>26%</td>\n   <td>14.8</td>\n   <td>4.6</td>\n   <td>-9%</td>\n   <td>86%</td>\n  </tr>\n  <tr>\n   <td>MGIC Investment Corp.</td>\n   <td>MTG</td>\n   <td>$12.65</td>\n   <td>$15.86</td>\n   <td>25%</td>\n   <td>7.7</td>\n   <td>0.9</td>\n   <td>1%</td>\n   <td>83%</td>\n  </tr>\n  <tr>\n   <td>Cigna Corp.</td>\n   <td>CI</td>\n   <td>$209.15</td>\n   <td>$258.43</td>\n   <td>24%</td>\n   <td>10.3</td>\n   <td>1.5</td>\n   <td>0%</td>\n   <td>92%</td>\n  </tr>\n  <tr>\n   <td>Vistra Corp.</td>\n   <td>VST</td>\n   <td>$23.05</td>\n   <td>$28.45</td>\n   <td>23%</td>\n   <td>9.2</td>\n   <td>1.3</td>\n   <td>17%</td>\n   <td>83%</td>\n  </tr>\n  <tr>\n   <td>Crown Holdings Inc.</td>\n   <td>CCK</td>\n   <td>$100.16</td>\n   <td>$121.69</td>\n   <td>21%</td>\n   <td>14.8</td>\n   <td>6.1</td>\n   <td>0%</td>\n   <td>87%</td>\n  </tr>\n  <tr>\n   <td>Mondelez International Inc. Class A</td>\n   <td>MDLZ</td>\n   <td>$54.32</td>\n   <td>$65.60</td>\n   <td>21%</td>\n   <td>18.9</td>\n   <td>2.8</td>\n   <td>-7%</td>\n   <td>83%</td>\n  </tr>\n  <tr>\n   <td>Jazz Pharmaceuticals PLC</td>\n   <td>JAZZ</td>\n   <td>$161.68</td>\n   <td>$194.88</td>\n   <td>21%</td>\n   <td>10.0</td>\n   <td>2.7</td>\n   <td>-2%</td>\n   <td>94%</td>\n  </tr>\n  <tr>\n   <td>L3Harris Technologies Inc.</td>\n   <td>LHX</td>\n   <td>$188.32</td>\n   <td>$226.65</td>\n   <td>20%</td>\n   <td>14.6</td>\n   <td>1.9</td>\n   <td>0%</td>\n   <td>82%</td>\n  </tr>\n  <tr>\n   <td>BlackRock Inc.</td>\n   <td>BLK</td>\n   <td>$703.14</td>\n   <td>$838.87</td>\n   <td>19%</td>\n   <td>19.1</td>\n   <td>3.2</td>\n   <td>-3%</td>\n   <td>82%</td>\n  </tr>\n  <tr>\n   <td>Devon Energy Corp.</td>\n   <td>DVN</td>\n   <td>$21.25</td>\n   <td>$25.27</td>\n   <td>19%</td>\n   <td>14.9</td>\n   <td>2.8</td>\n   <td>34%</td>\n   <td>85%</td>\n  </tr>\n  <tr>\n   <td>Synchrony Financial</td>\n   <td>SYF</td>\n   <td>$38.82</td>\n   <td>$45.84</td>\n   <td>18%</td>\n   <td>8.7</td>\n   <td>1.9</td>\n   <td>13%</td>\n   <td>85%</td>\n  </tr>\n  <tr>\n   <td>Science Applications International Corp.</td>\n   <td>SAIC</td>\n   <td>$93.59</td>\n   <td>$109.60</td>\n   <td>17%</td>\n   <td>13.6</td>\n   <td>3.6</td>\n   <td>-1%</td>\n   <td>100%</td>\n  </tr>\n  <tr>\n   <td>Micron Technology Inc.</td>\n   <td>MU</td>\n   <td>$86.28</td>\n   <td>$100.56</td>\n   <td>17%</td>\n   <td>16.8</td>\n   <td>2.4</td>\n   <td>15%</td>\n   <td>82%</td>\n  </tr>\n  <tr>\n   <td>Huntsman Corp.</td>\n   <td>HUN</td>\n   <td>$28.67</td>\n   <td>$33.40</td>\n   <td>16%</td>\n   <td>13.6</td>\n   <td>1.8</td>\n   <td>14%</td>\n   <td>85%</td>\n  </tr>\n  <tr>\n   <td>Ally Financial Inc.</td>\n   <td>ALLY</td>\n   <td>$42.63</td>\n   <td>$49.56</td>\n   <td>16%</td>\n   <td>9.5</td>\n   <td>1.1</td>\n   <td>20%</td>\n   <td>94%</td>\n  </tr>\n  <tr>\n   <td>NiSource Inc.</td>\n   <td>NI</td>\n   <td>$22.38</td>\n   <td>$25.82</td>\n   <td>15%</td>\n   <td>16.4</td>\n   <td>1.8</td>\n   <td>-1%</td>\n   <td>83%</td>\n  </tr>\n  <tr>\n   <td>New Residential Investment Corp.</td>\n   <td>NRZ</td>\n   <td>$9.94</td>\n   <td>$11.46</td>\n   <td>15%</td>\n   <td>6.5</td>\n   <td>0.9</td>\n   <td>0%</td>\n   <td>100%</td>\n  </tr>\n  <tr>\n   <td>Ashland Global Holdings Inc.</td>\n   <td>ASH</td>\n   <td>$86.17</td>\n   <td>$99.30</td>\n   <td>15%</td>\n   <td>16.7</td>\n   <td>1.7</td>\n   <td>9%</td>\n   <td>82%</td>\n  </tr>\n  <tr>\n   <td>Comcast Corp. Class A</td>\n   <td>CMCSA</td>\n   <td>$52.50</td>\n   <td>$60.04</td>\n   <td>14%</td>\n   <td>18.7</td>\n   <td>2.7</td>\n   <td>1%</td>\n   <td>81%</td>\n  </tr>\n </tbody>\n</table>\n<p>FactSet</p>\n<p>Scroll the table to see all the data.</p>\n<p>General Motors Co.&nbsp;is an interesting example of a value stock. Even though the shares have risen 25% this year, the stock only trades for 10 times the consensus forward earnings estimate and 1.6 times book value.</p>\n<p>As always, if you see any stocks of interest, your next step should be to do your own research and form your own opinion about a company’s long-term viability.</p>","source":"market_watch","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>If you think it’s time to shift to value stocks, here are Wall Street’s favorites</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\">\nIf you think it’s time to shift to value stocks, here are Wall Street’s favorites\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-24 11:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/if-you-think-its-time-to-shift-to-value-stocks-here-are-wall-streets-favorites-11614094400?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Rising interest rates and a recovery of energy prices may signal a switch for investors after a years-long appetite for growth stocks.\nThe theme of a market pivot to value stocks from growth stocks is...</p>\n\n<a href=\"https://www.marketwatch.com/story/if-you-think-its-time-to-shift-to-value-stocks-here-are-wall-streets-favorites-11614094400?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BERY":"Berry Plastics Group","VST":"Vistra Energy Corp.","MDLZ":"亿滋","FMC":"FMC Corp.","LSXMA":"Liberty Media Corporation Series A","CI":"信诺保险",".DJI":"道琼斯","LITE":"Lumentum Holdings Inc.","DVN":"德文能源","MTG":"MGIC Investment Corp","GM":"通用汽车",".IXIC":"NASDAQ Composite","NRG":"NRG能源","CCK":"皇冠控股","LHX":"哈里斯公司",".SPX":"S&P 500 Index","OMF":"OneMain Holdings, Inc"},"source_url":"https://www.marketwatch.com/story/if-you-think-its-time-to-shift-to-value-stocks-here-are-wall-streets-favorites-11614094400?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1105441613","content_text":"Rising interest rates and a recovery of energy prices may signal a switch for investors after a years-long appetite for growth stocks.\nThe theme of a market pivot to value stocks from growth stocks is something you might be sick of seeing in the financial news media. But maybe this time it’s for real.\nIf you think it is time for a strategy shift, there is a list of analysts’ favorite value stocks below.\nOn Feb. 22, the Nasdaq Composite Index pulled back 2.5%, while the high-flying Nasdaq-100 Index sank 2.6% and the Dow Jones Industrial Average rose slightly.\nOne day’s action doesn’t signal a trend, but the broad market indexes typically rise and fall together. So it was an unusual day. And if we look back three weeks through Feb. 22, the Dow was up 4.3%, while the Nasdaq rose 1% and the Nasdaq-100 was down slightly.\nOther factors that may favor a value approach at this time include increasing oil prices and rising interest rates.\nRising rates means some investors, at least, are worried about inflation. And that sets up a friendly environment for value stocks.\nThe setup — tech has led and valuations have been stretched\nThe Dow, with its conservative group of 30 blue-chip stocks, including some slow-growers and even one experiencing a perennial decline in sales (International Business Machines Corp.), has underperformed the broad indexes by wide margins in recent years as rapidly growing technology companies have led the bull market.\nHere are five-year returns (with dividends reinvested) for the Dow, Nasdaq, Nasdaq-100 and S&P 500 indexes:\n\nThese are all remarkable figures — even for the Dow. The other indexes are all weighted by market capitalization, emphasizing the rapid growth of the FAANG stocks (Facebook Inc.,Apple Inc.,Amazon.com Inc.,Netflix Inc. and Google holding company Alphabet Inc.). (The Dow isn’t a “value-only index,” as its components include Apple, Microsoft Corp. and another notable tech grower, Salesforce.com Inc.,but it trades as one.)\nNow let’s take a look at growth and value. The Russell 1000 Index is made up of the 1,000 largest U.S. stocks weighted by market cap, with the group rebalanced once a year each June. Selected from the Russell 1000 are the Russell 1000 Growth Index,which has 453 stocks, and the Russell 1000 Value Index,which has 849 stocks. The groups overlap, with 291 stocks in both. You can read how FTSE Russell describes the makeup of its indexes.\nHere’s how the two groups have performed over the past five years, as represented by the iShares Russell 1000 Growth ETFand the iShares Russell 1000 Value ETF:\n(FACTSET)\nAnd here’s a comparison of the movement of their forward price-to-earnings ratios:\n(FACTSET)\nAnd finally a comparison of the movement of their ratios of price to book value.\n(FACTSET)\nFor five years, the Russell 1000 Growth group has more than doubled the return of the Value group. The Growth group’s forward P/E ratio has increased to 30.9 from 16.7, while the Value group’s forward P/E has increased to 15.5 from 14.4. The Growth group’s price-to-book ratio has increased to 12.4 from 5.2, while increasing to 1.5 from 1.6 for the Value group.\nSo the valuation ratios are up significantly for both groups, but there is no comparison in degree — Growth has been a runaway success and as a group appears to be expensive. The Growth group’s numbers are also distorted by its cap weighting. The top five stocks in the iShares Russell 1000 Growth ETF make up 33% of the portfolio, with the largest holding, Apple, weighted 10.7%. In the iShares Russell 1000 Growth ETF, the top five make up 10.5% of the portfolio, with the largest holding, Berkshire Hathaway Inc.,at 2.5%.\nWall Street’s favorite value stocks\nAmong the 849 stocks in the Russell 1000 Value Index, there are 639 with ratings from at least 11 analysts polled by FactSet. If companies with forward P/E ratios above 20 are excluded (along with those with no available forward P/E ratios, as that implies negative earnings for the combined next four reported quarters), the list is reduced to 298 stocks.\nHere are the 25 remaining stocks rated “buy” or the equivalent by at least 80% of analysts with the most 12-month upside potential implied by consensus price targets:\n\n\n\n\nCOMPANY\nTICKER\nCLOSING PRICE - FEB. 22\nCONSENSUS PRICE TARGET\nIMPLIED 12-MONTH UPSIDE POTENTIAL\nFORWARD P/E\nPRICE/ BOOK\nTOTAL RETURN - 2021 THROUGH FEB. 22\nSHARE 'BUY' RATINGS\n\n\n\n\nNRG ENERGY INC.\nNRG\n$36.90\n$49.27\n34%\n7.9\n4.7\n-1%\n83%\n\n\nOneMain Holdings Inc.\nOMF\n$49.39\n$63.50\n29%\n6.8\n1.9\n11%\n100%\n\n\nLumentum Holdings Inc.\nLITE\n$90.00\n$115.50\n28%\n13.9\n3.5\n-5%\n93%\n\n\nBerry Global Group Inc.\nBERY\n$56.37\n$71.87\n27%\n9.9\n3.1\n0%\n81%\n\n\nLiberty Media Corp. Series A Liberty SiriusXM\nLSXMA\n$44.98\n$57.34\n27%\n17.3\n1.6\n4%\n100%\n\n\nGeneral Motors Company\nGM\n$51.98\n$65.63\n26%\n10.0\n1.6\n25%\n89%\n\n\nFMC Corp.\nFMC\n$105.00\n$132.20\n26%\n14.8\n4.6\n-9%\n86%\n\n\nMGIC Investment Corp.\nMTG\n$12.65\n$15.86\n25%\n7.7\n0.9\n1%\n83%\n\n\nCigna Corp.\nCI\n$209.15\n$258.43\n24%\n10.3\n1.5\n0%\n92%\n\n\nVistra Corp.\nVST\n$23.05\n$28.45\n23%\n9.2\n1.3\n17%\n83%\n\n\nCrown Holdings Inc.\nCCK\n$100.16\n$121.69\n21%\n14.8\n6.1\n0%\n87%\n\n\nMondelez International Inc. Class A\nMDLZ\n$54.32\n$65.60\n21%\n18.9\n2.8\n-7%\n83%\n\n\nJazz Pharmaceuticals PLC\nJAZZ\n$161.68\n$194.88\n21%\n10.0\n2.7\n-2%\n94%\n\n\nL3Harris Technologies Inc.\nLHX\n$188.32\n$226.65\n20%\n14.6\n1.9\n0%\n82%\n\n\nBlackRock Inc.\nBLK\n$703.14\n$838.87\n19%\n19.1\n3.2\n-3%\n82%\n\n\nDevon Energy Corp.\nDVN\n$21.25\n$25.27\n19%\n14.9\n2.8\n34%\n85%\n\n\nSynchrony Financial\nSYF\n$38.82\n$45.84\n18%\n8.7\n1.9\n13%\n85%\n\n\nScience Applications International Corp.\nSAIC\n$93.59\n$109.60\n17%\n13.6\n3.6\n-1%\n100%\n\n\nMicron Technology Inc.\nMU\n$86.28\n$100.56\n17%\n16.8\n2.4\n15%\n82%\n\n\nHuntsman Corp.\nHUN\n$28.67\n$33.40\n16%\n13.6\n1.8\n14%\n85%\n\n\nAlly Financial Inc.\nALLY\n$42.63\n$49.56\n16%\n9.5\n1.1\n20%\n94%\n\n\nNiSource Inc.\nNI\n$22.38\n$25.82\n15%\n16.4\n1.8\n-1%\n83%\n\n\nNew Residential Investment Corp.\nNRZ\n$9.94\n$11.46\n15%\n6.5\n0.9\n0%\n100%\n\n\nAshland Global Holdings Inc.\nASH\n$86.17\n$99.30\n15%\n16.7\n1.7\n9%\n82%\n\n\nComcast Corp. Class A\nCMCSA\n$52.50\n$60.04\n14%\n18.7\n2.7\n1%\n81%\n\n\n\nFactSet\nScroll the table to see all the data.\nGeneral Motors Co. is an interesting example of a value stock. Even though the shares have risen 25% this year, the stock only trades for 10 times the consensus forward earnings estimate and 1.6 times book value.\nAs always, if you see any stocks of interest, your next step should be to do your own research and form your own opinion about a company’s long-term viability.","news_type":1},"isVote":1,"tweetType":1,"viewCount":53,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":340878223,"gmtCreate":1617379747262,"gmtModify":1634521166636,"author":{"id":"3569894447597850","authorId":"3569894447597850","name":"BOTAKYAP","avatar":"https://static.tigerbbs.com/335356fded8c7d08f8ee1bbe18b6f105","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Comment please&nbsp;[惊讶]&nbsp;[惊讶]&nbsp;[惊讶]&nbsp;[惊讶]&nbsp;","listText":"Comment please&nbsp;[惊讶]&nbsp;[惊讶]&nbsp;[惊讶]&nbsp;[惊讶]&nbsp;","text":"Comment please [惊讶] [惊讶] [惊讶] [惊讶]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/340878223","repostId":"1188150614","repostType":4,"repost":{"id":"1188150614","pubTimestamp":1617366389,"share":"https://www.laohu8.com/m/news/1188150614?lang=&edition=full","pubTime":"2021-04-02 20:26","market":"us","language":"en","title":"3 Beaten-Down Stocks That Could Double Your Money","url":"https://stock-news.laohu8.com/highlight/detail?id=1188150614","media":"Motley Fool","summary":"Market rotation malaise has infected many investors. Last year, the growth stocks in theNasdaq-100index trounced the staid giants in theDow Jones Industrial Average. It's been a different story so far in 2021, though. The big money appears to be moving into so-called \"risk-off\" stocks.As a result, many of the high-flyers from just a few months ago are now stuck in the doldrums. Some are even down more than 30% from their peaks set earlier this year. There's a silver lining in this dark cloud, ho","content":"<p>Market rotation malaise has infected many investors. Last year, the growth stocks in the<b>Nasdaq-100</b>index trounced the staid giants in the<b>Dow Jones Industrial Average</b>. It's been a different story so far in 2021, though. The big money appears to be moving into so-called \"risk-off\" stocks.</p>\n<p>As a result, many of the high-flyers from just a few months ago are now stuck in the doldrums. Some are even down more than 30% from their peaks set earlier this year. There's a silver lining in this dark cloud, however: Quite a few stocks with strong growth prospects are available at discounted prices.&nbsp;Here are three beaten-down stocks that could even double your money -- or more.</p>\n<p><b>DermTech</b></p>\n<p><b>DermTech</b>(NASDAQ:DMTK)markets an exciting product: a skin genomics test that can detect melanoma more accurately and cheaper than surgical biopsy. Its shares soared over 145% year to date by the third week of February. Since then, though, thehealthcare stockhas fallen more than 35%.</p>\n<p>Part of the problem was the aforementioned general sell-off of growth stocks. However, DermTech also provided disappointing guidance in its fourth-quarter update. The company expects first-quarter assay revenue of between $1.6 million and $1.9 million compared to Q4 assay revenue of $1.6 million.</p>\n<p>DermTech still faces some COVID-19 headwinds in reaching out to physicians. The company's long-term growth prospects remain bright, though. DermTech continues to pick up commercial payer reimbursement for its first product, Pigmented Lesion Assay (PLA). It expects to launch an at-home genomics test that identifies ultraviolet ray damage and skin cancer risk next year.</p>\n<p>The total addressable U.S. market that DermTech is targeting for all types of skin cancer is around $10 billion. With the company's market cap currently below $1.5 billion, DermTech should only have to capture a tiny sliver of this market to deliver huge returns for investors.</p>\n<p><b>Gores Holdings VI</b></p>\n<p>Special purpose acquisition company (SPAC) stocks were wildly popular not long ago. That's changed quite a bit.&nbsp;<b>Gores Holdings VI</b>(NASDAQ:GHVI)serves as a great example: The SPAC's shares skyrocketed more than 120% year to date by mid-February but are now down over 40% from those highs.</p>\n<p>Gores Holdings VI and spatial data company Matterport announced on Feb. 8 that they plan to merge in a deal that will take Matterport public at an equity value of around $2.9 billion. But Matterport should be able to grow much larger than that relatively quickly.</p>\n<p>Matterport pioneered the spatial data market a decade ago. The company's technology can create a 3D \"digital twin\" of any physical space. Consulting firm<b>Accenture</b>recently picked digital twin technology asone of its top five tech trends of 2021.</p>\n<p>The company already has over 250,000 customers, including 13% of the Fortune 1000. However, less than 1% of the more than 4 billion buildings across the world are currently digitized. This represents a $240 billion opportunity for Matterport. The company expects to nearly double its revenue in 2022 with growth accelerating in subsequent years.</p>\n<p><b>Skillz</b></p>\n<p><b>Skillz</b>(NYSE:SKLZ)stands as the biggest loser of these three beaten-down stocks. Shares of the mobile game platform provider soared nearly 120% by early February only to give up all of those gains and then some. The stock is now down over 5% year to date.</p>\n<p>Like DermTech and Gores Holdings VI, Skillz was negatively impacted by the market rotation away from growth stocks. However, the company's decision to sell 17 million shares in a public offering also hurt.</p>\n<p>Skillz's competition-focused approach keeps users more engaged than other leading online platforms. It's also driving tremendous growth. The company's revenue nearly doubled in 2020. Skillz is especially making inroads in converting users to paying customers.</p>\n<p>The mobile gaming market totaled $86 billion last year and continues to grow rapidly. Skillz should be able to increase its market share as it expands internationally and adds new genres of games to its platform. The company's multi-year agreement with the NFL could also provide a big boost.</p>\n<p>Skillz looks like a stock that could easily double your money and perhaps deliver much greater returns than that over the next couple of years.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Beaten-Down Stocks That Could Double Your Money</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\">\n3 Beaten-Down Stocks That Could Double Your Money\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-02 20:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/04/02/3-beaten-down-stocks-that-could-double-your-money/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Market rotation malaise has infected many investors. Last year, the growth stocks in theNasdaq-100index trounced the staid giants in theDow Jones Industrial Average. It's been a different story so far...</p>\n\n<a href=\"https://www.fool.com/investing/2021/04/02/3-beaten-down-stocks-that-could-double-your-money/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.fool.com/investing/2021/04/02/3-beaten-down-stocks-that-could-double-your-money/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188150614","content_text":"Market rotation malaise has infected many investors. Last year, the growth stocks in theNasdaq-100index trounced the staid giants in theDow Jones Industrial Average. It's been a different story so far in 2021, though. The big money appears to be moving into so-called \"risk-off\" stocks.\nAs a result, many of the high-flyers from just a few months ago are now stuck in the doldrums. Some are even down more than 30% from their peaks set earlier this year. There's a silver lining in this dark cloud, however: Quite a few stocks with strong growth prospects are available at discounted prices. Here are three beaten-down stocks that could even double your money -- or more.\nDermTech\nDermTech(NASDAQ:DMTK)markets an exciting product: a skin genomics test that can detect melanoma more accurately and cheaper than surgical biopsy. Its shares soared over 145% year to date by the third week of February. Since then, though, thehealthcare stockhas fallen more than 35%.\nPart of the problem was the aforementioned general sell-off of growth stocks. However, DermTech also provided disappointing guidance in its fourth-quarter update. The company expects first-quarter assay revenue of between $1.6 million and $1.9 million compared to Q4 assay revenue of $1.6 million.\nDermTech still faces some COVID-19 headwinds in reaching out to physicians. The company's long-term growth prospects remain bright, though. DermTech continues to pick up commercial payer reimbursement for its first product, Pigmented Lesion Assay (PLA). It expects to launch an at-home genomics test that identifies ultraviolet ray damage and skin cancer risk next year.\nThe total addressable U.S. market that DermTech is targeting for all types of skin cancer is around $10 billion. With the company's market cap currently below $1.5 billion, DermTech should only have to capture a tiny sliver of this market to deliver huge returns for investors.\nGores Holdings VI\nSpecial purpose acquisition company (SPAC) stocks were wildly popular not long ago. That's changed quite a bit. Gores Holdings VI(NASDAQ:GHVI)serves as a great example: The SPAC's shares skyrocketed more than 120% year to date by mid-February but are now down over 40% from those highs.\nGores Holdings VI and spatial data company Matterport announced on Feb. 8 that they plan to merge in a deal that will take Matterport public at an equity value of around $2.9 billion. But Matterport should be able to grow much larger than that relatively quickly.\nMatterport pioneered the spatial data market a decade ago. The company's technology can create a 3D \"digital twin\" of any physical space. Consulting firmAccenturerecently picked digital twin technology asone of its top five tech trends of 2021.\nThe company already has over 250,000 customers, including 13% of the Fortune 1000. However, less than 1% of the more than 4 billion buildings across the world are currently digitized. This represents a $240 billion opportunity for Matterport. The company expects to nearly double its revenue in 2022 with growth accelerating in subsequent years.\nSkillz\nSkillz(NYSE:SKLZ)stands as the biggest loser of these three beaten-down stocks. Shares of the mobile game platform provider soared nearly 120% by early February only to give up all of those gains and then some. The stock is now down over 5% year to date.\nLike DermTech and Gores Holdings VI, Skillz was negatively impacted by the market rotation away from growth stocks. However, the company's decision to sell 17 million shares in a public offering also hurt.\nSkillz's competition-focused approach keeps users more engaged than other leading online platforms. It's also driving tremendous growth. The company's revenue nearly doubled in 2020. Skillz is especially making inroads in converting users to paying customers.\nThe mobile gaming market totaled $86 billion last year and continues to grow rapidly. Skillz should be able to increase its market share as it expands internationally and adds new genres of games to its platform. The company's multi-year agreement with the NFL could also provide a big boost.\nSkillz looks like a stock that could easily double your money and perhaps deliver much greater returns than that over the next couple of years.","news_type":1},"isVote":1,"tweetType":1,"viewCount":744,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":355284935,"gmtCreate":1617075860627,"gmtModify":1634522789385,"author":{"id":"3569894447597850","authorId":"3569894447597850","name":"BOTAKYAP","avatar":"https://static.tigerbbs.com/335356fded8c7d08f8ee1bbe18b6f105","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Good opportunity&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","listText":"Good opportunity&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","text":"Good opportunity [财迷] [财迷] [财迷] [财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/355284935","repostId":"2123269962","repostType":4,"repost":{"id":"2123269962","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":1617072060,"share":"https://www.laohu8.com/m/news/2123269962?lang=&edition=full","pubTime":"2021-03-30 10:41","market":"us","language":"en","title":"Micron earnings: Semiconductor shortage leads to heightened expectations","url":"https://stock-news.laohu8.com/highlight/detail?id=2123269962","media":"Dow Jones","summary":"Earnings preview: Greater demand for memory chips during COVID-19 pandemic pushed Micron to increase its forecast. Micron Technology Inc. faces a heightened bar of its own making for the rest of the year, as widespread chip shortages push up prices for its core memory chips.Micron $$ is scheduled to report fiscal second-quarter earnings results after the close of markets Wednesday. The Boise, Idaho-based chip maker considerably raised its forecast for the second quarter  earlier this month, sett","content":"<p>MW Micron earnings: Semiconductor shortage leads to heightened expectations</p><p>By Wallace Witkowski</p><p>Earnings preview: Greater demand for memory chips during COVID-19 pandemic pushed Micron to increase its forecast</p><p>Micron Technology Inc. faces a heightened bar of its own making for the rest of the year, as widespread chip shortages push up prices for its core memory chips.</p><p>Micron <a href=\"https://laohu8.com/S/MU\">$(MU)$</a> is scheduled to report fiscal second-quarter earnings results after the close of markets Wednesday. The Boise, Idaho-based chip maker considerably raised its forecast for the second quarter  earlier this month, setting up expectations for the rest of the year.</p><p>The big gain in sales is largely the result of the global semiconductor shortage that developed amid heightened demand during the COVID-19 pandemic. Micron could see revenue surge by more than $1 billion from its core memory products, and analysts expect those types of gains to continue throughout 2021.</p><p>Read: Worldwide chip shortage expected to last into next year, and that's good news for semiconductor stocks</p><p>Micron specializes in DRAM and NAND memory chips. DRAM, or dynamic random access memory, is the type of memory commonly used in PCs and servers, while NAND chips are the flash memory chips used in smaller devices like smartphones and USB drives.</p><p>Analysts on average expect DRAM sales of $4.3 billion, up from $3.08 billion in the year-ago period, and NAND sales of $1.6 billion, up from last year's $1.51 billion, according to FactSet.</p><p>Mizuho analyst Vijay Rakesh, who has a buy rating on Micron and a $100 price target, said he sees the the second half of 2021 as an exceptional cycle for memory-chip makers as \"growth shows more potential upside after recovering frompricing and data center demand headwinds in 2H20/1H21.\"</p><p>Rakesh said that DRAM pricing for PCs are expected to rise 19% from a year ago, when prices dropped 17% year-over-year. NAND prices are expected to remain stable and possibly recover a bit, with 5G-device launches as a tailwind.</p><p>Ahead of the report, the company said it was dropping development of 3D XPoint technology  in order to focus on compute-express link chips for data centers.</p><p>What to expect</p><p>Earnings: Micron on average is expected to post adjusted earnings of 95 cents a share, up sharply from 66 cents a share expected at the beginning of the quarter, based on 29 analysts surveyed by FactSet. Micron forecast earnings of 93 cents to 98 cents a share at the beginning of March, up from its previous forecast of 68 cents to 72 cents a share . Estimize, a software platform that uses crowdsourcing from hedge-fund executives, brokerages, buy-side analysts and others, calls for earnings of 98 cents a share.</p><p>Revenue: Wall Street expects revenue of $6.19 billion from Micron, according to 28 analysts polled by FactSet. That's up from the $5.54 billion forecast at the beginning of the quarter. Micron predicted revenue of $6.2 billion to $6.25 billion at the beginning of March, up from its previous forecast of $5.6 billion to $6 billion. Estimize expects revenue of $6.26 billion.</p><p>Stock movement: Over Micron's fiscal second quarter, the stock rose nearly 21%, compared with a 4.3% increase on the PHLX Semiconductor Index  over the same period, a 1.9% rise by the S&amp;P 500 index  and a 2.8% gain by the Nasdaq Composite Index . Micron shares closed at $94.60 on March 1, their highest closing price in more than 20 years.</p><p>What analysts are saying</p><p>Evercore ISI analyst C.J. Muse, who has an outperform rating and a $135 price target, said in a note related to Micron's hiked forecast that broader chip shortages will keep demand high.</p><p>\"Longer-term, with management calling out undersupply for DRAM through all of CY21 (and even hinting this could continue into CY22) and falling NAND inventories leading to a higher likelihood of a turnaround there, we see a strong roadmap for estimates to continue moving higher through-out CY21,\" Muse said.</p><p>UBS analyst Timothy Arcuri, who has a buy rating, said a recent discussion with a former Micron executive indicated that the company's lesser exposure to NAND compared with competitors gave it an advantage while it stands to benefit from continued high DRAM demand.</p><p>\"DRAM consolidation has played out and Samsung, Hynix &amp; MU are behaving rationally, even as demand remains robust to the point where it is plausible that hyperscalers may consider pre-paying for supply,\" Arcuri said.</p><p>Of the 34 analysts who cover Micron, 28 have buy or overweight ratings, and six have hold ratings, with an average price target of $114.86.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Micron earnings: Semiconductor shortage leads to heightened expectations</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\">\nMicron earnings: Semiconductor shortage leads to heightened expectations\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\">2021-03-30 10:41</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>MW Micron earnings: Semiconductor shortage leads to heightened expectations</p><p>By Wallace Witkowski</p><p>Earnings preview: Greater demand for memory chips during COVID-19 pandemic pushed Micron to increase its forecast</p><p>Micron Technology Inc. faces a heightened bar of its own making for the rest of the year, as widespread chip shortages push up prices for its core memory chips.</p><p>Micron <a href=\"https://laohu8.com/S/MU\">$(MU)$</a> is scheduled to report fiscal second-quarter earnings results after the close of markets Wednesday. The Boise, Idaho-based chip maker considerably raised its forecast for the second quarter  earlier this month, setting up expectations for the rest of the year.</p><p>The big gain in sales is largely the result of the global semiconductor shortage that developed amid heightened demand during the COVID-19 pandemic. Micron could see revenue surge by more than $1 billion from its core memory products, and analysts expect those types of gains to continue throughout 2021.</p><p>Read: Worldwide chip shortage expected to last into next year, and that's good news for semiconductor stocks</p><p>Micron specializes in DRAM and NAND memory chips. DRAM, or dynamic random access memory, is the type of memory commonly used in PCs and servers, while NAND chips are the flash memory chips used in smaller devices like smartphones and USB drives.</p><p>Analysts on average expect DRAM sales of $4.3 billion, up from $3.08 billion in the year-ago period, and NAND sales of $1.6 billion, up from last year's $1.51 billion, according to FactSet.</p><p>Mizuho analyst Vijay Rakesh, who has a buy rating on Micron and a $100 price target, said he sees the the second half of 2021 as an exceptional cycle for memory-chip makers as \"growth shows more potential upside after recovering frompricing and data center demand headwinds in 2H20/1H21.\"</p><p>Rakesh said that DRAM pricing for PCs are expected to rise 19% from a year ago, when prices dropped 17% year-over-year. NAND prices are expected to remain stable and possibly recover a bit, with 5G-device launches as a tailwind.</p><p>Ahead of the report, the company said it was dropping development of 3D XPoint technology  in order to focus on compute-express link chips for data centers.</p><p>What to expect</p><p>Earnings: Micron on average is expected to post adjusted earnings of 95 cents a share, up sharply from 66 cents a share expected at the beginning of the quarter, based on 29 analysts surveyed by FactSet. Micron forecast earnings of 93 cents to 98 cents a share at the beginning of March, up from its previous forecast of 68 cents to 72 cents a share . Estimize, a software platform that uses crowdsourcing from hedge-fund executives, brokerages, buy-side analysts and others, calls for earnings of 98 cents a share.</p><p>Revenue: Wall Street expects revenue of $6.19 billion from Micron, according to 28 analysts polled by FactSet. That's up from the $5.54 billion forecast at the beginning of the quarter. Micron predicted revenue of $6.2 billion to $6.25 billion at the beginning of March, up from its previous forecast of $5.6 billion to $6 billion. Estimize expects revenue of $6.26 billion.</p><p>Stock movement: Over Micron's fiscal second quarter, the stock rose nearly 21%, compared with a 4.3% increase on the PHLX Semiconductor Index  over the same period, a 1.9% rise by the S&amp;P 500 index  and a 2.8% gain by the Nasdaq Composite Index . Micron shares closed at $94.60 on March 1, their highest closing price in more than 20 years.</p><p>What analysts are saying</p><p>Evercore ISI analyst C.J. Muse, who has an outperform rating and a $135 price target, said in a note related to Micron's hiked forecast that broader chip shortages will keep demand high.</p><p>\"Longer-term, with management calling out undersupply for DRAM through all of CY21 (and even hinting this could continue into CY22) and falling NAND inventories leading to a higher likelihood of a turnaround there, we see a strong roadmap for estimates to continue moving higher through-out CY21,\" Muse said.</p><p>UBS analyst Timothy Arcuri, who has a buy rating, said a recent discussion with a former Micron executive indicated that the company's lesser exposure to NAND compared with competitors gave it an advantage while it stands to benefit from continued high DRAM demand.</p><p>\"DRAM consolidation has played out and Samsung, Hynix &amp; MU are behaving rationally, even as demand remains robust to the point where it is plausible that hyperscalers may consider pre-paying for supply,\" Arcuri said.</p><p>Of the 34 analysts who cover Micron, 28 have buy or overweight ratings, and six have hold ratings, with an average price target of $114.86.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/f5e8aba7de194dc92d26747c1cfec057","relate_stocks":{"MU":"美光科技"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2123269962","content_text":"MW Micron earnings: Semiconductor shortage leads to heightened expectationsBy Wallace WitkowskiEarnings preview: Greater demand for memory chips during COVID-19 pandemic pushed Micron to increase its forecastMicron Technology Inc. faces a heightened bar of its own making for the rest of the year, as widespread chip shortages push up prices for its core memory chips.Micron $(MU)$ is scheduled to report fiscal second-quarter earnings results after the close of markets Wednesday. The Boise, Idaho-based chip maker considerably raised its forecast for the second quarter  earlier this month, setting up expectations for the rest of the year.The big gain in sales is largely the result of the global semiconductor shortage that developed amid heightened demand during the COVID-19 pandemic. Micron could see revenue surge by more than $1 billion from its core memory products, and analysts expect those types of gains to continue throughout 2021.Read: Worldwide chip shortage expected to last into next year, and that's good news for semiconductor stocksMicron specializes in DRAM and NAND memory chips. DRAM, or dynamic random access memory, is the type of memory commonly used in PCs and servers, while NAND chips are the flash memory chips used in smaller devices like smartphones and USB drives.Analysts on average expect DRAM sales of $4.3 billion, up from $3.08 billion in the year-ago period, and NAND sales of $1.6 billion, up from last year's $1.51 billion, according to FactSet.Mizuho analyst Vijay Rakesh, who has a buy rating on Micron and a $100 price target, said he sees the the second half of 2021 as an exceptional cycle for memory-chip makers as \"growth shows more potential upside after recovering frompricing and data center demand headwinds in 2H20/1H21.\"Rakesh said that DRAM pricing for PCs are expected to rise 19% from a year ago, when prices dropped 17% year-over-year. NAND prices are expected to remain stable and possibly recover a bit, with 5G-device launches as a tailwind.Ahead of the report, the company said it was dropping development of 3D XPoint technology  in order to focus on compute-express link chips for data centers.What to expectEarnings: Micron on average is expected to post adjusted earnings of 95 cents a share, up sharply from 66 cents a share expected at the beginning of the quarter, based on 29 analysts surveyed by FactSet. Micron forecast earnings of 93 cents to 98 cents a share at the beginning of March, up from its previous forecast of 68 cents to 72 cents a share . Estimize, a software platform that uses crowdsourcing from hedge-fund executives, brokerages, buy-side analysts and others, calls for earnings of 98 cents a share.Revenue: Wall Street expects revenue of $6.19 billion from Micron, according to 28 analysts polled by FactSet. That's up from the $5.54 billion forecast at the beginning of the quarter. Micron predicted revenue of $6.2 billion to $6.25 billion at the beginning of March, up from its previous forecast of $5.6 billion to $6 billion. Estimize expects revenue of $6.26 billion.Stock movement: Over Micron's fiscal second quarter, the stock rose nearly 21%, compared with a 4.3% increase on the PHLX Semiconductor Index  over the same period, a 1.9% rise by the S&P 500 index  and a 2.8% gain by the Nasdaq Composite Index . Micron shares closed at $94.60 on March 1, their highest closing price in more than 20 years.What analysts are sayingEvercore ISI analyst C.J. Muse, who has an outperform rating and a $135 price target, said in a note related to Micron's hiked forecast that broader chip shortages will keep demand high.\"Longer-term, with management calling out undersupply for DRAM through all of CY21 (and even hinting this could continue into CY22) and falling NAND inventories leading to a higher likelihood of a turnaround there, we see a strong roadmap for estimates to continue moving higher through-out CY21,\" Muse said.UBS analyst Timothy Arcuri, who has a buy rating, said a recent discussion with a former Micron executive indicated that the company's lesser exposure to NAND compared with competitors gave it an advantage while it stands to benefit from continued high DRAM demand.\"DRAM consolidation has played out and Samsung, Hynix & MU are behaving rationally, even as demand remains robust to the point where it is plausible that hyperscalers may consider pre-paying for supply,\" Arcuri said.Of the 34 analysts who cover Micron, 28 have buy or overweight ratings, and six have hold ratings, with an average price target of $114.86.","news_type":1},"isVote":1,"tweetType":1,"viewCount":585,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":352216928,"gmtCreate":1616978000464,"gmtModify":1634523371305,"author":{"id":"3569894447597850","authorId":"3569894447597850","name":"BOTAKYAP","avatar":"https://static.tigerbbs.com/335356fded8c7d08f8ee1bbe18b6f105","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Good opportunity&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","listText":"Good opportunity&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","text":"Good opportunity [财迷] [财迷] [财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/352216928","repostId":"1171382652","repostType":4,"isVote":1,"tweetType":1,"viewCount":480,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":324371379,"gmtCreate":1615969741291,"gmtModify":1703495666565,"author":{"id":"3569894447597850","authorId":"3569894447597850","name":"BOTAKYAP","avatar":"https://static.tigerbbs.com/335356fded8c7d08f8ee1bbe18b6f105","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Good opportunity&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","listText":"Good opportunity&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","text":"Good opportunity [财迷] [财迷] [财迷] [财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/324371379","repostId":"1112885657","repostType":4,"repost":{"id":"1112885657","pubTimestamp":1615965844,"share":"https://www.laohu8.com/m/news/1112885657?lang=&edition=full","pubTime":"2021-03-17 15:24","market":"us","language":"en","title":"Dropbox: Last Call For Cheap Cloud Storage Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=1112885657","media":"seekingalpha","summary":"Summary\n\nDropbox is not a fast-growing cloud storage play. But what it lacks in growth, it makes up ","content":"<p><b>Summary</b></p>\n<ul>\n <li>Dropbox is not a fast-growing cloud storage play. But what it lacks in growth, it makes up with its cheap valuation.</li>\n <li>Claiming that this stock trades at less than 6x forward sales doesn't do justice to this investment.</li>\n <li>Drobox is highly free cash flow generative.</li>\n</ul>\n<p><b>Investment Thesis</b></p>\n<p>Dropbox (DBX) is out of favor with the investment community. This has been the underlying thesis for so long that many investors are now losing patience.</p>\n<p>While the rest of tech goes from expensive to super expensive, Dropbox is one of the few tech stocks out there still valued at less than 6x forward sales.</p>\n<p>Moreover, it remains highly free cash flow generative. There's a lot more than meets the eye here. Read on to see why this stock makes a lot of sense to me.</p>\n<p><b>Revenue Growth Rates and Market Discussion</b></p>\n<p>Dropbox is still so absurdly cheap, it's practically a steal. This is a free cash flow machine that the market will recognize.</p>\n<p>Obviously, needless to say, that being too early is the same as being wrong. You need to be rewarded at<i>some</i>point to be justified for having invested here in the first place. And the path so far has been anything but rewarding. But I believe ''this time it's different.'. Allow me to add a little context.</p>\n<p>In 2020, practically any company I know in tech went vertically up. If we are to be slightly more selective and discuss cloud-facing tech companies, well then, you probably know how it went over the last twelve months. Even Box (BOX), a company that I've been bearish for a while, is up 100%.</p>\n<p>But then, we come back to Dropbox. A stock that is up a feeble ~55% over the past twelve months.</p>\n<p>Having said that, I know this really gets us&nbsp;<i>deep into the state of affairs</i>- just how much the market is soaring&nbsp;that being up 55%&nbsp;is something to sneer at? This is totally absurd.</p>\n<p>But I'm not judging, I'm simply reporting the facts for you to make up your own mind as to the sustainability of all these SaaS, IoT-facing, CDNs, cybersecurity, productivity platforms, and whatever else you wish to bundle in here.</p>\n<p>Yet, facts are facts: compared with a myriad of other<i>techstocks</i>, Dropbox has been an underperformer. And that's why I'm so bullish on its prospects (again).</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2d7587b499f21e3ab8a953cccf197af4\" tg-width=\"640\" tg-height=\"298\"><span>Source: author's calculations; company guidance</span></p>\n<p>Just to repeat, we are not talking about some high growth content storage solution. We are talking about a company that's growing at somewhere around very low-single digits (in the best case).</p>\n<p>Why the Market is Misunderstanding Dropbox</p>\n<p>Dropbox is not a dead technology. It's a content storage solution aimed at small and medium businesses as well as private users. For example, through Work Spaces, users can bring projects and teams together in a single workspace. All the tools that users need from team collaboration, content management, and eSignatures - everything within one interface.</p>\n<p>The key opportunity for Dropbox is to benefit from remote collaboration. But again, please note, you are not being asked to pay a large multiple for a \"story\" stock - let's stick to the facts.</p>\n<p><b>Comments on Dropbox's Heavy Stock-Based Comp</b></p>\n<p>Countless times investors declare that Dropbox has a heavy stock-based comp and that its free cash flow should subtract its stock-based comp.</p>\n<p>Now, please keep in mind that this is an industry-wide practice amongst tech companies to have a lavish stock-based comp for executives. It does not pertain simply to Dropbox.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bd55554e2f76c65b15df5e750bbc46c1\" tg-width=\"640\" tg-height=\"206\"><span>Source: Q4 2020 Press Statement</span></p>\n<p>Nevertheless, on that account, allow me to retort that Dropbox's founder and CEO Andrew (\"Drew\") Houston has more skin in the game than any other shareholder.</p>\n<p><img src=\"https://static.tigerbbs.com/48e6b2c6b36d26a77481e5a629a1871b\" tg-width=\"640\" tg-height=\"149\"></p>\n<p>Accordingly, his interests are very much aligned with the common shareholder. In fact, I fully suspect this owner-operated business commands such high free cash flow margins precisely because the CEO is highly incentivized to drive forward intrinsic value.</p>\n<p>What's more, I ask the reader, aside from Adobe (ADBE), what other tech stocks are out there right now repurchasing their own stock? Not only has Dropbox deployed more than 80% of its free cash flow as share repurchases, but it then goes on to announce a new $1 billion share repurchase program (open ended), amounting to 10% of its market cap. If this doesn't show the right alignment, purchasing back your stock when it's undervalued, I don't know what does.</p>\n<p>Valuation - Why this Still Makes Sense to Me</p>\n<p>The stock trades at less than 6x forward sales. This is not a deep value stock. I know that. But it's also not very expensive either. Again, the appeal here of this investment is a case that<i>no news is good news</i>. You don't need any positive surprises, just for Dropbox to continue ticking along over time.</p>\n<p>You are being offered a chance to deploy your capital alongside management, which has a lot of skin in the game and has demonstrated that its business is highly recurring with a significant amount of visibility in 2021.</p>\n<p>Simply said, you are getting a business that steadily ticks away on the top line, with minimal surprises, and you are not being asked to pay a large premium for participation.</p>\n<p>Compared with many other SaaS stocks, this company is very cheaply valued. But more importantly, unlike other SaaS stocks that are consistently declaring that they are<i>investing for growth</i>, in the case of Dropbox, it is steadily growing, albeit slightly slower, but it's a business that generates solid free cash flow, too.</p>\n<p>Consider this, over Dropbox's trailing twelve months, the business generated approximately $490 million of free cash flow. Now, let's compare this free cash flow figure, with that of Box's.</p>\n<p>Box's free cash flow over its trailing twelve months dramatically improved from the previous year and it's now reached&nbsp;$120 million- approximately a quarter of the free cash flow generation of Dropbox. Meanwhile, Dropbox trades for approximately $11 billion, while Box trades for about $3.7 billion (a third of the valuation).</p>\n<p><b>The Bottom Line</b></p>\n<p>Dropbox \"feels\" like a coiled spring. Indeed, when the rest of tech dramatically sold-off the past few weeks, Dropbox held its ground - again reinforcing that this is most likely as cheap as it's going to get and that investors are not being asked to pay for a story stock.</p>\n<p>At just 6x forward sales, together with strong free cash flow, and a large share repurchase plan, a lot more can go right than wrong here.</p>\n<p>Allow me to preempt your question: if this is such a bargain, why is the author not invested here? And that's a fair question. When you have a highly concentrated portfolio, not everything makes the cut.</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>Dropbox: Last Call For Cheap Cloud Storage Stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDropbox: Last Call For Cheap Cloud Storage Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-17 15:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4414312-dropbox-last-call-for-cheap-cloud-storage-stocks><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nDropbox is not a fast-growing cloud storage play. But what it lacks in growth, it makes up with its cheap valuation.\nClaiming that this stock trades at less than 6x forward sales doesn't do ...</p>\n\n<a href=\"https://seekingalpha.com/article/4414312-dropbox-last-call-for-cheap-cloud-storage-stocks\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DBX":"Dropbox Inc."},"source_url":"https://seekingalpha.com/article/4414312-dropbox-last-call-for-cheap-cloud-storage-stocks","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1112885657","content_text":"Summary\n\nDropbox is not a fast-growing cloud storage play. But what it lacks in growth, it makes up with its cheap valuation.\nClaiming that this stock trades at less than 6x forward sales doesn't do justice to this investment.\nDrobox is highly free cash flow generative.\n\nInvestment Thesis\nDropbox (DBX) is out of favor with the investment community. This has been the underlying thesis for so long that many investors are now losing patience.\nWhile the rest of tech goes from expensive to super expensive, Dropbox is one of the few tech stocks out there still valued at less than 6x forward sales.\nMoreover, it remains highly free cash flow generative. There's a lot more than meets the eye here. Read on to see why this stock makes a lot of sense to me.\nRevenue Growth Rates and Market Discussion\nDropbox is still so absurdly cheap, it's practically a steal. This is a free cash flow machine that the market will recognize.\nObviously, needless to say, that being too early is the same as being wrong. You need to be rewarded atsomepoint to be justified for having invested here in the first place. And the path so far has been anything but rewarding. But I believe ''this time it's different.'. Allow me to add a little context.\nIn 2020, practically any company I know in tech went vertically up. If we are to be slightly more selective and discuss cloud-facing tech companies, well then, you probably know how it went over the last twelve months. Even Box (BOX), a company that I've been bearish for a while, is up 100%.\nBut then, we come back to Dropbox. A stock that is up a feeble ~55% over the past twelve months.\nHaving said that, I know this really gets us deep into the state of affairs- just how much the market is soaring that being up 55% is something to sneer at? This is totally absurd.\nBut I'm not judging, I'm simply reporting the facts for you to make up your own mind as to the sustainability of all these SaaS, IoT-facing, CDNs, cybersecurity, productivity platforms, and whatever else you wish to bundle in here.\nYet, facts are facts: compared with a myriad of othertechstocks, Dropbox has been an underperformer. And that's why I'm so bullish on its prospects (again).\nSource: author's calculations; company guidance\nJust to repeat, we are not talking about some high growth content storage solution. We are talking about a company that's growing at somewhere around very low-single digits (in the best case).\nWhy the Market is Misunderstanding Dropbox\nDropbox is not a dead technology. It's a content storage solution aimed at small and medium businesses as well as private users. For example, through Work Spaces, users can bring projects and teams together in a single workspace. All the tools that users need from team collaboration, content management, and eSignatures - everything within one interface.\nThe key opportunity for Dropbox is to benefit from remote collaboration. But again, please note, you are not being asked to pay a large multiple for a \"story\" stock - let's stick to the facts.\nComments on Dropbox's Heavy Stock-Based Comp\nCountless times investors declare that Dropbox has a heavy stock-based comp and that its free cash flow should subtract its stock-based comp.\nNow, please keep in mind that this is an industry-wide practice amongst tech companies to have a lavish stock-based comp for executives. It does not pertain simply to Dropbox.\nSource: Q4 2020 Press Statement\nNevertheless, on that account, allow me to retort that Dropbox's founder and CEO Andrew (\"Drew\") Houston has more skin in the game than any other shareholder.\n\nAccordingly, his interests are very much aligned with the common shareholder. In fact, I fully suspect this owner-operated business commands such high free cash flow margins precisely because the CEO is highly incentivized to drive forward intrinsic value.\nWhat's more, I ask the reader, aside from Adobe (ADBE), what other tech stocks are out there right now repurchasing their own stock? Not only has Dropbox deployed more than 80% of its free cash flow as share repurchases, but it then goes on to announce a new $1 billion share repurchase program (open ended), amounting to 10% of its market cap. If this doesn't show the right alignment, purchasing back your stock when it's undervalued, I don't know what does.\nValuation - Why this Still Makes Sense to Me\nThe stock trades at less than 6x forward sales. This is not a deep value stock. I know that. But it's also not very expensive either. Again, the appeal here of this investment is a case thatno news is good news. You don't need any positive surprises, just for Dropbox to continue ticking along over time.\nYou are being offered a chance to deploy your capital alongside management, which has a lot of skin in the game and has demonstrated that its business is highly recurring with a significant amount of visibility in 2021.\nSimply said, you are getting a business that steadily ticks away on the top line, with minimal surprises, and you are not being asked to pay a large premium for participation.\nCompared with many other SaaS stocks, this company is very cheaply valued. But more importantly, unlike other SaaS stocks that are consistently declaring that they areinvesting for growth, in the case of Dropbox, it is steadily growing, albeit slightly slower, but it's a business that generates solid free cash flow, too.\nConsider this, over Dropbox's trailing twelve months, the business generated approximately $490 million of free cash flow. Now, let's compare this free cash flow figure, with that of Box's.\nBox's free cash flow over its trailing twelve months dramatically improved from the previous year and it's now reached $120 million- approximately a quarter of the free cash flow generation of Dropbox. Meanwhile, Dropbox trades for approximately $11 billion, while Box trades for about $3.7 billion (a third of the valuation).\nThe Bottom Line\nDropbox \"feels\" like a coiled spring. Indeed, when the rest of tech dramatically sold-off the past few weeks, Dropbox held its ground - again reinforcing that this is most likely as cheap as it's going to get and that investors are not being asked to pay for a story stock.\nAt just 6x forward sales, together with strong free cash flow, and a large share repurchase plan, a lot more can go right than wrong here.\nAllow me to preempt your question: if this is such a bargain, why is the author not invested here? And that's a fair question. When you have a highly concentrated portfolio, not everything makes the cut.","news_type":1},"isVote":1,"tweetType":1,"viewCount":833,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":329642600,"gmtCreate":1615247132000,"gmtModify":1703486146550,"author":{"id":"3569894447597850","authorId":"3569894447597850","name":"BOTAKYAP","avatar":"https://static.tigerbbs.com/335356fded8c7d08f8ee1bbe18b6f105","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Very good!&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","listText":"Very good!&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","text":"Very good! [财迷] [财迷] [财迷] [财迷] [财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/329642600","repostId":"1118883159","repostType":4,"repost":{"id":"1118883159","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1615216678,"share":"https://www.laohu8.com/m/news/1118883159?lang=&edition=full","pubTime":"2021-03-08 23:17","market":"us","language":"en","title":"WSB concept stocks rose collectively","url":"https://stock-news.laohu8.com/highlight/detail?id=1118883159","media":"老虎资讯综合","summary":"WSB concept stocks rose collectively,Naked up 18%,GameStop up 13%,Rocket Companies up 12%,Express up","content":"<p>WSB concept stocks rose collectively,Naked up 18%,GameStop up 13%,Rocket Companies up 12%,Express up 10%,AMC up 6%.</p>\n<p><img src=\"https://static.tigerbbs.com/574a9079011da3972cbe8cf4609a6c80\" tg-width=\"373\" tg-height=\"723\"></p>\n<p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>WSB concept stocks rose collectively</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\">\nWSB concept stocks rose collectively\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time\">2021-03-08 23:17</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>WSB concept stocks rose collectively,Naked up 18%,GameStop up 13%,Rocket Companies up 12%,Express up 10%,AMC up 6%.</p>\n<p><img src=\"https://static.tigerbbs.com/574a9079011da3972cbe8cf4609a6c80\" tg-width=\"373\" tg-height=\"723\"></p>\n<p></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站","EXPR":"Express, Inc.","RKT":"Rocket Companies"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1118883159","content_text":"WSB concept stocks rose collectively,Naked up 18%,GameStop up 13%,Rocket Companies up 12%,Express up 10%,AMC up 6%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":45,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":359013949,"gmtCreate":1616299876581,"gmtModify":1634526435385,"author":{"id":"3569894447597850","authorId":"3569894447597850","name":"BOTAKYAP","avatar":"https://static.tigerbbs.com/335356fded8c7d08f8ee1bbe18b6f105","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Good opportunity&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","listText":"Good opportunity&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","text":"Good opportunity [财迷] [财迷] [财迷] [财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/359013949","repostId":"1117450855","repostType":4,"repost":{"id":"1117450855","pubTimestamp":1616166767,"share":"https://www.laohu8.com/m/news/1117450855?lang=&edition=full","pubTime":"2021-03-19 23:12","market":"us","language":"en","title":"Powell says Fed will keep supporting economy ‘for as long as it takes’","url":"https://stock-news.laohu8.com/highlight/detail?id=1117450855","media":"marketwatch","summary":"Outlook is brightening, but recovery ‘far from complete,’ Fed chairman says in WSJ op-ed.Federal Reserve Chairman Jerome Powell on Friday said that while the U.S. economic outlook is “brightening,” the recovery is “far from complete.”In an op-ed published in the Wall Street Journal,Powell recounted the moment last February when he realized that the coronavirus pandemic would sweep across the country.“The danger to the U.S. economy was grave. The challenge was to limit the severity and duration o","content":"<blockquote>\n <b>Outlook is brightening, but recovery ‘far from complete,’ Fed chairman says in WSJ op-ed.</b>\n</blockquote>\n<p>Federal Reserve Chairman Jerome Powell on Friday said that while the U.S. economic outlook is “brightening,” the recovery is “far from complete.”</p>\n<p>In an op-ed published in the Wall Street Journal,Powell recounted the moment last February when he realized that the coronavirus pandemic would sweep across the country.</p>\n<p>“The danger to the U.S. economy was grave. The challenge was to limit the severity and duration of the fallout to avoid longer-run damage,” he said.</p>\n<p>Powell and his colleagues engineered a rapid response to the crisis, based on the lesson learned from slow recovery to the Great Recession of 2008-2009 that swift action might have been better.</p>\n<p>The central bank quickly slashed its policy interest rate to zero and launched an open-ended asset purchase program known as quantitative easing.</p>\n<p>With economists penciling in strong growth for 2021 and more Americans getting vaccinated every day, financial markets are wondering how long Fed support will last.</p>\n<p>In the op-ed, Powell said the situation “is much improved.”</p>\n<p>“But the recovery is far from complete, so at the Fed we will continue to provide the economy with the support that it needs for as long as it takes,” Powell said.</p>\n<p>“I truly believe that we will emerge from this crisis stronger and better, as we have done so often before,” he said.</p>\n<p>On Wednesday, the Fed recommitted to its easy money policy stance at its latest policy meeting despite a forecast for stronger economic growth and higher inflation this year.</p>\n<p>The Fed chairman did not mention the outlook for inflation in his Friday article . Many on Wall Street are worried that the economy will overheat before the Fed pulls back its easy policy stance.</p>\n<p>Yields on the 10-year Treasury noteTMUBMUSD10Y,1.734%have risen to 1.73% this week after starting the year below 1%.</p>\n<p>Stocks were trading lower on Friday, with the Dow Jones Industrial AverageDJIA,-0.71%down 187 points in mid-morning trading.</p>","source":"market_watch","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Powell says Fed will keep supporting economy ‘for as long as it takes’</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPowell says Fed will keep supporting economy ‘for as long as it takes’\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-19 23:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/powell-says-fed-will-keep-supporting-economy-for-as-long-as-it-takes-11616165178?mod=home-page><strong>marketwatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Outlook is brightening, but recovery ‘far from complete,’ Fed chairman says in WSJ op-ed.\n\nFederal Reserve Chairman Jerome Powell on Friday said that while the U.S. economic outlook is “brightening,” ...</p>\n\n<a href=\"https://www.marketwatch.com/story/powell-says-fed-will-keep-supporting-economy-for-as-long-as-it-takes-11616165178?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.marketwatch.com/story/powell-says-fed-will-keep-supporting-economy-for-as-long-as-it-takes-11616165178?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1117450855","content_text":"Outlook is brightening, but recovery ‘far from complete,’ Fed chairman says in WSJ op-ed.\n\nFederal Reserve Chairman Jerome Powell on Friday said that while the U.S. economic outlook is “brightening,” the recovery is “far from complete.”\nIn an op-ed published in the Wall Street Journal,Powell recounted the moment last February when he realized that the coronavirus pandemic would sweep across the country.\n“The danger to the U.S. economy was grave. The challenge was to limit the severity and duration of the fallout to avoid longer-run damage,” he said.\nPowell and his colleagues engineered a rapid response to the crisis, based on the lesson learned from slow recovery to the Great Recession of 2008-2009 that swift action might have been better.\nThe central bank quickly slashed its policy interest rate to zero and launched an open-ended asset purchase program known as quantitative easing.\nWith economists penciling in strong growth for 2021 and more Americans getting vaccinated every day, financial markets are wondering how long Fed support will last.\nIn the op-ed, Powell said the situation “is much improved.”\n“But the recovery is far from complete, so at the Fed we will continue to provide the economy with the support that it needs for as long as it takes,” Powell said.\n“I truly believe that we will emerge from this crisis stronger and better, as we have done so often before,” he said.\nOn Wednesday, the Fed recommitted to its easy money policy stance at its latest policy meeting despite a forecast for stronger economic growth and higher inflation this year.\nThe Fed chairman did not mention the outlook for inflation in his Friday article . Many on Wall Street are worried that the economy will overheat before the Fed pulls back its easy policy stance.\nYields on the 10-year Treasury noteTMUBMUSD10Y,1.734%have risen to 1.73% this week after starting the year below 1%.\nStocks were trading lower on Friday, with the Dow Jones Industrial AverageDJIA,-0.71%down 187 points in mid-morning trading.","news_type":1},"isVote":1,"tweetType":1,"viewCount":141,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":350543703,"gmtCreate":1616239233402,"gmtModify":1634526614774,"author":{"id":"3569894447597850","authorId":"3569894447597850","name":"BOTAKYAP","avatar":"https://static.tigerbbs.com/335356fded8c7d08f8ee1bbe18b6f105","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Good opportunity&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","listText":"Good opportunity&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","text":"Good opportunity [财迷] [财迷] [财迷] [财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/350543703","repostId":"1126157111","repostType":4,"repost":{"id":"1126157111","pubTimestamp":1616165568,"share":"https://www.laohu8.com/m/news/1126157111?lang=&edition=full","pubTime":"2021-03-19 22:52","market":"us","language":"en","title":"SPACs break 2020 record in just 3 months, but the red-hot industry faces challenges ahead","url":"https://stock-news.laohu8.com/highlight/detail?id=1126157111","media":"cnbc","summary":"KEY POINTS\n\nSPACs in the U.S. have raised $87.9 billion so far in 2021, already exceeding the total ","content":"<div>\n<p>KEY POINTS\n\nSPACs in the U.S. have raised $87.9 billion so far in 2021, already exceeding the total issuance in all of last year, according to data from SPAC Research.\nThe red-hot industry is facing a...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/19/spacs-break-2020-record-in-just-3-months.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SPACs break 2020 record in just 3 months, but the red-hot industry faces challenges ahead</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; 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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\">\nSPACs break 2020 record in just 3 months, but the red-hot industry faces challenges ahead\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-19 22:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/03/19/spacs-break-2020-record-in-just-3-months.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nSPACs in the U.S. have raised $87.9 billion so far in 2021, already exceeding the total issuance in all of last year, according to data from SPAC Research.\nThe red-hot industry is facing a...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/19/spacs-break-2020-record-in-just-3-months.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.cnbc.com/2021/03/19/spacs-break-2020-record-in-just-3-months.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1126157111","content_text":"KEY POINTS\n\nSPACs in the U.S. have raised $87.9 billion so far in 2021, already exceeding the total issuance in all of last year, according to data from SPAC Research.\nThe red-hot industry is facing a multitude of challenges in keeping up with the meteoric rise.\nHigher interest rates make these growth companies — oftentimes pre-revenue and pre-cash flow — much less appealing.\nMany SPAC IPO stocks have proven to be vulnerable to overall market volatility and wiped out 2021 gains.\n\nIt took the SPAC market just three months to outdo its record-breaking 2020, but sustaining that level of jaw-dropping growth will be no easy task.\nThe funds raised via U.S. special purpose acquisition companies have totaled $87.9 billion so far in 2021, already exceeding the $83.4 billion issuance in all of last year, according to data from SPAC Research.\nSPACs raise capital in an initial public offering and use the cash to merge with a private company and take it public, usually within two years.\n“It seems that everybody is getting calls about these SPACs. The SPACs are knocking on their doors,” said Dana D’Auria, co-CIO at Envestnet PMC. “When there’s a market like that, of course you just have to be concerned with the long-run return potential.”\nThe red-hot industry is facing a multitude of challenges in keeping up with its meteoric rise.\nWith more than 400 deals currently on the hunt for targets, good quality companies can befew and far between.SPAC IPO stocks, many of which experienced heightened speculative trading activity, have proven to be vulnerable to overall market volatility. Meanwhile, higher interest rates are making these growth companies — which are often pre-revenue and pre-cash flow — much less appealing.\n“For companies relying on future earnings, if rates continue to rise, they are going to be more vulnerable than bigger, more mature tech names,” said Quincy Krosby, Prudential Financial’s chief market strategist.\n“They don’t have strong balance sheets and sometimes don’t even have a business,” she said. “The vulnerable parts of the market will be in jeopardy.”\nThe proprietary CNBC SPAC 50 index, which tracks the 50 largest U.S.-based pre-merger blank-check deals by market cap, dropped more than 7% in March. That decline wiped out the index’s 2021 gains.\nThe CNBC SPAC Post Deal Index, which is comprised of the largest SPACs that have come to market and announced a target, also turned negative on the year. The declines came as a spike in bond yields jolted the stock market, especially growth-oriented tech names.\n“Middle-market groups who used to not have the level of sophistication to even orchestrate an IPO want to talk about SPAC IPOs,” said Anthony DeCandido, partner at RSM LLP.\n“Because there are still so many distressed companies out there that face liquidity issues from Covid, there will still be this extended period of buying opportunity for those groups who have capital to put into the market,” he said.\nThe explosive popularity in the SPAC market has also attracted a slew of athletes and other famous figures to jump on the bandwagon, including NBA star Shaquille O’Neal, Alex Rodriguez and musician Ciara Wilson. The Securities and Exchange Commission last weekissued a warningagainst celebrity-backed SPACs, urging investors to think twice before jumping in.\nStructure evolving\nTo prove that the market is not just a cautionary tale on Wall Street, SPACs are evolving their structure to become more investor friendly and reduce the outsized benefit for sponsors.\nBlank-check company sponsors are paid so-called “promote fees,” which typically entitle them to 20% of the total shares outstanding following the IPO for free or at a big discount. This reward usually results in immediate dilution for the target-company shareholders.\nSome recent deals sought to bridge the gap between the returns that insiders get versus average shareholders.\nEarlier this year, Morgan Stanley developed a new structure called a Stakeholder Aligned Initial Listing (SAIL) vehicle where sponsors receive promote in increments based on share performance.\n“The idea in the past that you have this pump-and-dump approach where you organize something and get them there and before the price dilutes by additional ownership, these guys and girls are out ... I don’t see that,” DeCandido said, adding he saw interest for deals with a 5% promote fee.","news_type":1},"isVote":1,"tweetType":1,"viewCount":172,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}